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This document summarizes a petition by Phillips Petroleum Company to the Federal Power Commission regarding a natural gas contract between Phillips and Panhandle Eastern Pipe Line Company. It details the history of the contract including periodic price adjustments based on weighted average royalty rates in the producing region. It describes FPC regulations requiring natural gas producers to file rate schedules and obtain approval for any rate changes. Phillips filed its initial rate schedule in 1954 but lat

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Scribd Government Docs

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