SEC Contract Filing

Filing Date: 2022-02-03

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>8
<FILENAME>d269878dex103.htm
<DESCRIPTION>EX-10.3
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<TITLE>EX-10.3</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.3 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND IS THE TYPE THAT THE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. REDACTED </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INFORMATION INDICATED BY [***]. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MASTER AMENDMENT TO COMMERCIAL AGREEMENTS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This<B> MASTER AMENDMENT TO COMMERCIAL AGREEMENTS </B>(this &#147;<U>Amendment</U>&#148;) is made and entered into effective as of
February&nbsp;1, 2022 (the &#147;<U>Effective Date</U>&#148;) by and among OASIS PETROLEUM NORTH AMERICA LLC, a Delaware limited liability company (&#147;<U>OPNA</U>&#148;), OASIS PETROLEUM MARKETING LLC, a Delaware limited liability company
(&#147;<U>OPM</U>&#148;), OASIS MIDSTREAM SERVICES LLC, a Delaware limited liability company (&#147;<U>OMS</U>&#148;), OASIS MIDSTREAM PARTNERS LP, a Delaware limited partnership (&#147;<U>MLP</U>&#148;), OMP OPERATING LLC, a Delaware limited
liability company (&#147;<U>OMP</U>&#148;), and BIGHORN DEVCO LLC, a Delaware limited liability company (&#147;<U>Bighorn</U>&#148;). OPNA, OPM, OMS, MLP, OMP and Bighorn may be referred to herein individually as a &#147;<U>Party</U>&#148; or
collectively as the &#147;<U>Parties</U>&#148;. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>WITNESSETH: </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Parties are parties to one or more of the following agreements and to the extent they are parties thereto, desire to amend
certain of their provisions as more specifically set forth in this Amendment: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) that certain Gas Gathering, Compression, Processing and
Gas Lift Agreement, dated as of September&nbsp;25, 2017, by and among OPNA, OPM, OMS and MLP (as the same may be or has been amended, modified and restated from time to time, the &#147;<U>Gas Agreement</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) that certain Produced and Flowback Water Gathering and Disposal Agreement dated as of September&nbsp;25, 2017, by and among OPNA, OMS,
and MLP (as the same may be or has been amended, modified and restated from time to time, the &#147;<U>Produced Water Agreement&#151;Wild Basin</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) that certain Produced and Flowback Water Gathering and Disposal Agreement dated as of September&nbsp;25, 2017, by and among OPNA, OMS,
and MLP (as the same may be or has been amended, modified and restated from time to time, the &#147;<U>Produced Water Agreement&#151;Beartooth Area</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) that certain Crude Oil Gathering, Stabilization, Blending and Storage Agreement, dated as of September&nbsp;25, 2017, by and among OPNA,
OPM, OMS and MLP (as the same may be or has been amended, modified and restated from time to time, the &#147;<U>Crude Oil Agreement&#151;Wild Basin</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(v) that certain Crude Oil Gathering Agreement, dated as of August&nbsp;4, 2021, by and among OPNA, OPM, and Bighorn (as the same may be or
has been amended, modified and restated from time to time, the &#147;<U>Crude Oil Agreement&#151;South Nesson</U>&#148;); </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(vi) that certain Gas Purchase Agreement, dated as of September&nbsp;23, 2020, by and among
OPNA and OMP (as the same may be or has been amended, modified and restated from time to time, the &#147;<U>Gas Purchase Agreement</U>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(vii) that certain Freshwater Purchase and Sales Agreement, dated as of September&nbsp;25, 2017, by and among OPNA, OMS and MLP (as the same
may be or has been amended, modified and restated from time to time, the &#147;<U>Freshwater Purchase Agreement</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW,
THEREFORE, </B>in consideration of the premises, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto do hereby agree as follows: </P>
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