Term Sale Gas Contract between Snyder Brothers, Inc. and Seller (2011-2012)

Contract Categories: Business Operations › Sales Agreements
Summary

This agreement is between Snyder Brothers, Inc. (the buyer) and an unnamed seller for the sale of natural gas from April 1, 2011, to March 31, 2012. The contract specifies monthly gas quantities, a sales price based on the NYMEX index plus $0.18 per MCF (minus certain costs), and delivery via Peoples Natural Gas pipeline. Payment is due 30 days after receiving the transportation statement. The seller may convert the price to a fixed rate under mutually agreed terms and must supply the agreed volumes if a price lock-in occurs.

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EX-10.3 11 d358520dex103.htm FORM OF TERM SALE GAS CONTRACT WITH SNYDER BROTHERS, INC. Form of Term Sale Gas Contract with Snyder Brothers, Inc.

Exhibit 10.3

FORM OF

TERM SALE GAS CONTRACT

WITH SNYDER BROTHERS, INC.

TERM SALE

GAS CONTRACT

2011PNG101P

 

BUYER:    SNYDER BROTHERS, INC.

 

SELLER:

Period: 4/01/11 thru 3/31/12

 

1.      Quantity:

    Approximately MCF per month

2.      Sales Price:

    NYMEX + $0.18 per MCF less any applicable retainage, gathering, processing, etc.

3.      Pipeline:

    Peoples Natural Gas (PNG)

4.      Receipt Point:

    Meter #’s

5.      Payment:

    Thirty (30) days after receipt of transportation statement

6.      A production month shall be a minimum of 28 days and a maximum of 32 days unless otherwise agreed upon by buyer. Seller has the right to convert the NYMEX portion of the contract to a fixed price at mutually agreeable terms. In the event of a price lock-in, Seller will be responsible to supply the supplied lock-in volumes.

 

 

BUYER       SELLER  
SNYDER BROTHERS, INC.      
P.O. Box 1022      
1 Glade Park East      
Kittanning, PA 16201      
PH: 724 ###-###-####     PH:  
FAX: 724 ###-###-####     FAX:  
BY:  

 

     BY:  

 

  Benjamin T. Snyder      
TITLE:   Vice President of Marketing     TITLE:  
DATE:  

 

     DATE: