Acreage Dedications in Midstream Contracts
Acreage dedications are a fundamental component of midstream oil and gas agreements, playing a crucial role in facilitating the transportation of hydrocarbons from production sites to market. These dedications involve the commitment of a specified area of land or leasehold to a midstream service provider for the exclusive use of its infrastructure. This article aims to dissect the concept of acreage dedications, analyze their significance, and delve into their practical applications within the oil and gas industry.