Maricopa Arizona Natural Gas Inventory Forward Sale Contract

• Category: Corporations - Public - Sales
• State: Multi-State
• County: Maricopa
• 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. Description: The Maricopa Arizona Natural Gas Inventory Forward Sale Contract is a legally binding agreement that allows parties to buy or sell natural gas inventory in the Maricopa, Arizona area at a predetermined price in the future. This contract is commonly used by players in the energy industry, including gas producers, distributors, and retailers. The Maricopa Arizona Natural Gas Inventory Forward Sale Contract is designed to provide stability and mitigate risks associated with fluctuating natural gas prices. It allows the parties involved to lock in the current market prices, ensuring a consistent supply and reducing the impact of price volatility. There are several types of Maricopa Arizona Natural Gas Inventory Forward Sale Contracts that cater to different needs and circumstances: 1. Fixed Price Forward Contract: This type of contract allows both parties to agree on a fixed price for the natural gas inventory over a specified period of time. This is particularly useful when there is a high level of certainty about future demand and prices. 2. Index-Based Forward Contract: In this contract, the price of the natural gas inventory is tied to an index such as the NYMEX (New York Mercantile Exchange) natural gas futures price. This allows the parties to benefit from market fluctuations while still having a predetermined reference point. 3. Swing Contract: A swing contract offers more flexibility in terms of volume, allowing parties to adjust the quantities of gas bought or sold, within predetermined limits, depending on their needs. This contract is well-suited for managing uncertain or variable demand. 4. Storage Contract: This type of contract involves the leasing or renting of storage facilities for natural gas inventory. It allows parties to store surplus inventory during periods of low demand and retrieve it during times of high demand. This contract provides added flexibility for managing supply and demand imbalances. In summary, the Maricopa Arizona Natural Gas Inventory Forward Sale Contract is a versatile tool that allows parties in the energy industry to manage risks associated with natural gas prices. Whether it's a fixed price contract, index-based contract, swing contract, or storage contract — these agreements provide stability, flexibility, and a mechanism for securing natural gas inventory at a predetermined price.

Description: The Maricopa Arizona Natural Gas Inventory Forward Sale Contract is a legally binding agreement that allows parties to buy or sell natural gas inventory in the Maricopa, Arizona area at a predetermined price in the future. This contract is commonly used by players in the energy industry, including gas producers, distributors, and retailers. The Maricopa Arizona Natural Gas Inventory Forward Sale Contract is designed to provide stability and mitigate risks associated with fluctuating natural gas prices. It allows the parties involved to lock in the current market prices, ensuring a consistent supply and reducing the impact of price volatility. There are several types of Maricopa Arizona Natural Gas Inventory Forward Sale Contracts that cater to different needs and circumstances: 1. Fixed Price Forward Contract: This type of contract allows both parties to agree on a fixed price for the natural gas inventory over a specified period of time. This is particularly useful when there is a high level of certainty about future demand and prices. 2. Index-Based Forward Contract: In this contract, the price of the natural gas inventory is tied to an index such as the NYMEX (New York Mercantile Exchange) natural gas futures price. This allows the parties to benefit from market fluctuations while still having a predetermined reference point. 3. Swing Contract: A swing contract offers more flexibility in terms of volume, allowing parties to adjust the quantities of gas bought or sold, within predetermined limits, depending on their needs. This contract is well-suited for managing uncertain or variable demand. 4. Storage Contract: This type of contract involves the leasing or renting of storage facilities for natural gas inventory. It allows parties to store surplus inventory during periods of low demand and retrieve it during times of high demand. This contract provides added flexibility for managing supply and demand imbalances. In summary, the Maricopa Arizona Natural Gas Inventory Forward Sale Contract is a versatile tool that allows parties in the energy industry to manage risks associated with natural gas prices. Whether it's a fixed price contract, index-based contract, swing contract, or storage contract — these agreements provide stability, flexibility, and a mechanism for securing natural gas inventory at a predetermined price.