Cook Illinois Natural Gas Inventory Forward Sale Contract

• Category: Corporations - Public - Sales
• State: Multi-State
• County: Cook
• 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. Cook Illinois Natural Gas Inventory Forward Sale Contract is a legally binding agreement that allows the participants to buy or sell natural gas inventory at predetermined prices and quantities at a future date. This contract is specifically designed for the Cook County region in Illinois, United States. The Cook Illinois Natural Gas Inventory Forward Sale Contract serves as a risk management tool for companies and organizations involved in the natural gas industry within the Cook County region. It enables them to hedge against potential fluctuations in natural gas prices, ensuring more predictable financial outcomes. This forward sale contract is beneficial for businesses such as natural gas producers, distributors, and large consumers who rely heavily on natural gas for their operations. By entering into this contract, these entities can secure the supply of natural gas in the future, without being exposed to the price volatility prevalent in the natural gas market. The Cook Illinois Natural Gas Inventory Forward Sale Contract offers flexibility by allowing participants to choose the quantity of natural gas they want to buy or sell, as well as the duration of the contract. This contractual agreement is typically characterized by a fixed price for the agreed-upon quantity of natural gas, providing budgetary stability and minimizing the risk associated with market volatility. Moreover, participants can choose from different types of Cook Illinois Natural Gas Inventory Forward Sale Contracts based on their specific needs and preferences. These include: 1. Fixed Volume Forward Sale Contract: This type of contract allows participants to fix the quantity of natural gas they want to buy or sell for a specified future date. Regardless of market conditions, the agreed volume remains constant, ensuring a consistent supply. 2. Fixed Price Forward Sale Contract: In this type of contract, participants agree on a fixed price per unit of natural gas for a specific future date. This protects them from price fluctuations and helps maintain budgetary control. 3. Flexible Forward Sale Contract: This contract type provides participants with the flexibility to modify the contract terms, such as the volume or the price, during the contract period. It accommodates changes in natural gas demand or market conditions, allowing for better risk management. Overall, the Cook Illinois Natural Gas Inventory Forward Sale Contract serves as a vital instrument that enables participants to secure natural gas supply at predetermined terms, protecting them from market uncertainties. It plays a significant role in ensuring the smooth operation of natural gas-dependent businesses within the Cook County region.

Cook Illinois Natural Gas Inventory Forward Sale Contract is a legally binding agreement that allows the participants to buy or sell natural gas inventory at predetermined prices and quantities at a future date. This contract is specifically designed for the Cook County region in Illinois, United States. The Cook Illinois Natural Gas Inventory Forward Sale Contract serves as a risk management tool for companies and organizations involved in the natural gas industry within the Cook County region. It enables them to hedge against potential fluctuations in natural gas prices, ensuring more predictable financial outcomes. This forward sale contract is beneficial for businesses such as natural gas producers, distributors, and large consumers who rely heavily on natural gas for their operations. By entering into this contract, these entities can secure the supply of natural gas in the future, without being exposed to the price volatility prevalent in the natural gas market. The Cook Illinois Natural Gas Inventory Forward Sale Contract offers flexibility by allowing participants to choose the quantity of natural gas they want to buy or sell, as well as the duration of the contract. This contractual agreement is typically characterized by a fixed price for the agreed-upon quantity of natural gas, providing budgetary stability and minimizing the risk associated with market volatility. Moreover, participants can choose from different types of Cook Illinois Natural Gas Inventory Forward Sale Contracts based on their specific needs and preferences. These include: 1. Fixed Volume Forward Sale Contract: This type of contract allows participants to fix the quantity of natural gas they want to buy or sell for a specified future date. Regardless of market conditions, the agreed volume remains constant, ensuring a consistent supply. 2. Fixed Price Forward Sale Contract: In this type of contract, participants agree on a fixed price per unit of natural gas for a specific future date. This protects them from price fluctuations and helps maintain budgetary control. 3. Flexible Forward Sale Contract: This contract type provides participants with the flexibility to modify the contract terms, such as the volume or the price, during the contract period. It accommodates changes in natural gas demand or market conditions, allowing for better risk management. Overall, the Cook Illinois Natural Gas Inventory Forward Sale Contract serves as a vital instrument that enables participants to secure natural gas supply at predetermined terms, protecting them from market uncertainties. It plays a significant role in ensuring the smooth operation of natural gas-dependent businesses within the Cook County region.