Bronx New York Natural Gas Inventory Forward Sale Contract

• Category: Corporations - Public - Sales
• State: Multi-State
• County: Bronx
• Control #: US-EG-9211
• Format: Word; Rich Text

Description

Natural Gas Inventory Forward Sale Contract between EEX Operating, LLC, E&P Company, LP and Bob West Treasure, LLC regarding the sale and purchase of natural gas dated December 17, 1999. 31 pages. Bronx New York Natural Gas Inventory Forward Sale Contract is a financial agreement that involves the sale of future supplies of natural gas located within the Bronx, New York area. This contract allows parties to secure the purchase and delivery of natural gas at a predetermined price at a future date. This type of contract is primarily used by gas producers, suppliers, and distributors to lock in prices and ensure a steady supply of natural gas in the Bronx, New York region. By entering into a Natural Gas Inventory Forward Sale Contract, parties can mitigate price volatility and manage their risks associated with fluctuating gas prices. There are different types of Bronx New York Natural Gas Inventory Forward Sale Contracts that cater to varying needs and objectives. Some common types include: 1. Monthly Fixed Volume Contract: Parties agree to deliver and purchase a fixed volume of natural gas each month at a predetermined price. This type of contract provides stability in supply and ensures a consistent price for a specific amount of gas. 2. Deferred Delivery Contract: This contract allows parties to agree on the delivery and purchase of natural gas at a future date, giving both parties time to plan and prepare for the transaction. It helps in managing logistical challenges and meeting long-term demand. 3. Basis Swap Contract: In this contract, parties agree to exchange the difference between the local Bronx, New York natural gas price and a benchmark price. This helps to hedge against price fluctuations and ensures a fair valuation for the natural gas assets. 4. Swing Contract: A Swing contract allows parties to vary the volume of natural gas delivered within a certain range across a contract period. This flexibility enables buyers and sellers to adjust their delivery according to demand variations, weather conditions, or other market dynamics. Bronx New York Natural Gas Inventory Forward Sale Contracts play a crucial role in ensuring the stability of the natural gas market in the Bronx, New York area. It allows market participants to effectively manage their supply and demand requirements, reduce price risk, and maintain a reliable energy supply.

Bronx New York Natural Gas Inventory Forward Sale Contract is a financial agreement that involves the sale of future supplies of natural gas located within the Bronx, New York area. This contract allows parties to secure the purchase and delivery of natural gas at a predetermined price at a future date. This type of contract is primarily used by gas producers, suppliers, and distributors to lock in prices and ensure a steady supply of natural gas in the Bronx, New York region. By entering into a Natural Gas Inventory Forward Sale Contract, parties can mitigate price volatility and manage their risks associated with fluctuating gas prices. There are different types of Bronx New York Natural Gas Inventory Forward Sale Contracts that cater to varying needs and objectives. Some common types include: 1. Monthly Fixed Volume Contract: Parties agree to deliver and purchase a fixed volume of natural gas each month at a predetermined price. This type of contract provides stability in supply and ensures a consistent price for a specific amount of gas. 2. Deferred Delivery Contract: This contract allows parties to agree on the delivery and purchase of natural gas at a future date, giving both parties time to plan and prepare for the transaction. It helps in managing logistical challenges and meeting long-term demand. 3. Basis Swap Contract: In this contract, parties agree to exchange the difference between the local Bronx, New York natural gas price and a benchmark price. This helps to hedge against price fluctuations and ensures a fair valuation for the natural gas assets. 4. Swing Contract: A Swing contract allows parties to vary the volume of natural gas delivered within a certain range across a contract period. This flexibility enables buyers and sellers to adjust their delivery according to demand variations, weather conditions, or other market dynamics. Bronx New York Natural Gas Inventory Forward Sale Contracts play a crucial role in ensuring the stability of the natural gas market in the Bronx, New York area. It allows market participants to effectively manage their supply and demand requirements, reduce price risk, and maintain a reliable energy supply.