Base Contract for Sale and Purchase of Natural Gas
Exhibit 10.15
Execution
Copy
This Base
Contract is entered into as of the following date: June 1st, 2004 The parties to
this Base Contract are the following:
| X. XXXX & COMPANY (“XXXX”) | and | ULTRA RESOURCES, INC. (“COUNTERPARTY”) | ||||
| 00 Xxxxx Xxxxxx, Xxx Xxxx, XX 00000 | 000 X. Xxx Xxxxxxx Xxxx. X., Xxxxx 0000, Xxxxxxx, XX 00000 | |||||
| Duns # 00-000-0000 | Duns # 00-000-0000 | |||||
| Xxxxxxxx # | Xxxxxxxx # | |||||
| Xxxx: Xxx Xxxxx | Attn: Natural Gas Marketing, Contract Administration | |||||
Phone: (000)000-0000
|
Fax: 212) 000 0000 | Phone: 281.876.0120 x.307 | Fax: 000.000.0000 | |||
| Federal Tax ID Number: 00-0000000 | Federal Tax ID Number: 00-0000000 | |||||
| Notices: | Notices, Confirmations, Invoices and Payments: | |||||
| 00 Xxxxx Xxxxxx, Xxx Xxxx, XX 00000 | 000 X. Xxx Xxxxxxx Xxxx. X., Xxxxx 0000, Xxxxxxx, XX 00000 | |||||
| Attn: Energy Operations, Manager | Attn: Natural Gas Marketing | |||||
Phone: 000-000-0000
|
Fax: 000-000 0000 | Phone: 281.876.0120 x.307 | Fax: 000.000.0000 | |||
| Confirmations: | ||||||
| 00 Xxxxx Xxxxxx, Xxx Xxxx, XX 00000 | ||||||
| Attn: Contract Execution Department | ||||||
Phone: 000-000-0000
|
Fax: 000-000-0000 | |||||
| Invoices and Payments: | ||||||
| 00 Xxxxx Xxxxxx, Xxx Xxxx, XX 00000 | ||||||
| Attn: Energy Operations, Manager | ||||||
Phone: 000-000-0000
|
Fax: 000-000-0000 | |||||
| Wire Transfer or ACH Nos. (if applicable): | Wire Transfer or ACH Nos. (if applicable): | |||||
| BANK: Citibank, N.A | BANK: Bank One N.A.— Chicago | |||||
| ABA: 000000000, | ABA: 000000000 | |||||
| ACCT: 09292521 | ACCT: 192 648 101 | |||||
| Other Details: For the account of X. Xxxx & Co., New York | Other Details: For the Account of Ultra Resources Inc. | |||||
This Base Contract incorporates by reference for all purposes the General Terms and Conditions for
Sale and Purchase of Natural Gas published by the North American Energy Standards Board. The
parties hereby agree to the following provisions offered in said General Terms and Conditions. In
the event the parties fail to check a box, the specified default
provision shall apply. Select
only one box from each section:
Section 1.2 Transaction Procedure |
þ o |
Oral (default) Written |
Section 7.2 Payment Date |
þ o |
25th Day of Month following Month of delivery (default) _____ Day of Month following Month of delivery |
||||
Section 2.5 Confirm Deadline |
þ o |
2 Business Days after receipt (default) _____ Business Days after receipt |
Section 7.2 Method of Payment |
þ o o |
Wire transfer (default) Automated Clearinghouse Credit (ACH) Check |
||||
Section 2.6 Confirming Party |
o o þ |
Seller (default) Buyer Xxxx |
Section 7.7 Netting |
þ o |
Netting applies (default) Netting does not apply |
||||
Section 3.2
Performance
Obligation
|
o þ |
Cover Standard (default) Spot Price Standard |
Section 10.3.1 Early Termination Damages |
þ o |
Early Termination Damages Apply (default) Early Termination Damages Do Not Apply |
||||
| Note: The following Spot Price Publication applies to both of the Immediately preceding. | Section 10.3.2 Other Agreement Setoffs |
þ o |
Other Agreement Setoffs Apply (default) Other Agreement Setoffs Do Not Apply |
||||||
Section 2.26 Spot Price Publication |
þ o |
Gas Daily Midpoint
(default) |
Section 14.5 Choice Of Law |
NEW YORK |
|||||
Section 6 Taxes |
þ o |
Buyer Pays At and After Delivery Point (default) Seller Pays Before and At Delivery Point |
Section 14.10 Confidentiality |
o þ |
Confidentiality applies (default) Confidentiality does not apply |
||||
| þ Special Provisions Number of sheets attached: 4 | o Addendum(s): | ||||||||
IN WITNESS WHEREOF, the parties hereto have executed this Base Contract in duplicate.
| X. XXXX & COMPANY |
ULTRA RESOURCES, INC. |
||||||
| By | /s/ Xxxxxx X. Xxxxxx | By | /s/ Xxxxxx Xxxxx | ||||
| Name: | Xxxxxx X. Xxxxxx | Name: | Xxxxxx Xxxxx | ||||
| Title: | Managing Director | Title: | Director | ||||
| |
NAESB Standard 6.3.1 April 19, 2002 |
|
