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EROC > SEC Filings for EROC > Form 8-K on 30-Dec-2013All Recent SEC Filings

Show all filings for EAGLE ROCK ENERGY PARTNERS L P

Form 8-K for EAGLE ROCK ENERGY PARTNERS L P


30-Dec-2013

Entry into a Material Definitive Agreement


Item 1.01 Entry into a Material Definitive Agreement
On December 23, 2013, Eagle Rock Field Services, L.P. (the "Seller"), a wholly-owned subsidiary of Eagle Rock Energy Partners, L.P., entered into a Raw Product Purchase and Sale Agreement (the "Agreement") with Phillips 66 Company (the "Buyer"). Pursuant to the Agreement, commencing on January 1, 2014 and continuing for a multi-year period, Seller has agreed to deliver and sell, and Buyer has agreed to receive and purchase, monthly quantities of natural gas liquids within a defined range at Seller's Sunray Gas Plant. The price paid to Seller for such natural gas liquids will be determined by reference to an agreed upon index, less agreed upon gathering, transportation and fractionation fees and any potentially applicable deficiency fee. The natural gas liquids deliverable by Seller shall be subject to certain defined quality specifications.


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