Pima Arizona Natural Gas Inventory Forward Sale Contract

• Category: Corporations - Public - Sales
• State: Multi-State
• County: Pima
• 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. The Lima Arizona Natural Gas Inventory Forward Sale Contract is a legally binding agreement between a natural gas buyer and a seller for the purchase or sale of natural gas inventory in Lima, Arizona. This agreement allows both parties to secure a future supply or disposal of natural gas at predetermined prices. This type of contract is commonly used in the energy industry to manage the risk associated with fluctuations in natural gas prices and ensure a stable supply of energy resources. Key terms and conditions included in the Lima Arizona Natural Gas Inventory Forward Sale Contract may encompass the quantity of natural gas to be exchanged, the delivery period, contract duration, pricing mechanism, and any additional provisions agreed upon by the parties involved. Different types of Lima Arizona Natural Gas Inventory Forward Sale Contracts may include: 1. Spot Contracts: These contracts involve the immediate purchase or sale of natural gas inventory. Spot contracts are typically executed at the current market price without any predetermined pricing or delivery terms. 2. Standard Forward Contracts: Standard forward contracts are the most common type and involve the purchase or sale of natural gas inventory at a predetermined price and delivery date in the future. These contracts provide both parties with price certainty and enable effective planning. 3. Swing Contracts: Swing contracts offer more flexibility in terms of delivery quantities. They allow the buyer to adjust the natural gas inventory to be delivered within specified minimum and maximum limits during the contract duration. 4. Index Contracts: Index contracts base their pricing on a specific natural gas price index, such as Henry Hub or NYMEX. The predetermined price is often tied to the index and adjusted periodically to reflect market fluctuations. Overall, the Lima Arizona Natural Gas Inventory Forward Sale Contract provides a framework for parties to manage their natural gas inventory requirements efficiently and effectively, ensuring a reliable supply of this energy resource while mitigating price risk.

The Lima Arizona Natural Gas Inventory Forward Sale Contract is a legally binding agreement between a natural gas buyer and a seller for the purchase or sale of natural gas inventory in Lima, Arizona. This agreement allows both parties to secure a future supply or disposal of natural gas at predetermined prices. This type of contract is commonly used in the energy industry to manage the risk associated with fluctuations in natural gas prices and ensure a stable supply of energy resources. Key terms and conditions included in the Lima Arizona Natural Gas Inventory Forward Sale Contract may encompass the quantity of natural gas to be exchanged, the delivery period, contract duration, pricing mechanism, and any additional provisions agreed upon by the parties involved. Different types of Lima Arizona Natural Gas Inventory Forward Sale Contracts may include: 1. Spot Contracts: These contracts involve the immediate purchase or sale of natural gas inventory. Spot contracts are typically executed at the current market price without any predetermined pricing or delivery terms. 2. Standard Forward Contracts: Standard forward contracts are the most common type and involve the purchase or sale of natural gas inventory at a predetermined price and delivery date in the future. These contracts provide both parties with price certainty and enable effective planning. 3. Swing Contracts: Swing contracts offer more flexibility in terms of delivery quantities. They allow the buyer to adjust the natural gas inventory to be delivered within specified minimum and maximum limits during the contract duration. 4. Index Contracts: Index contracts base their pricing on a specific natural gas price index, such as Henry Hub or NYMEX. The predetermined price is often tied to the index and adjusted periodically to reflect market fluctuations. Overall, the Lima Arizona Natural Gas Inventory Forward Sale Contract provides a framework for parties to manage their natural gas inventory requirements efficiently and effectively, ensuring a reliable supply of this energy resource while mitigating price risk.