There are several standard forms contracts for physical (rather than fictitious) gas sales, which direct the parties in the choice of conditions and Les Enron North America Corp., a Delaware CorporationENA Enstream Company, LLC, a limited liability company in Delaware (“Buyer”) and Aspect Resources LLC, a Texas limited liability company, Helmerich- Payne Inc., a delaware company, Galveston Bay Resources Inc., a Texan company, Wilmar Pipelines, Inc., a Texan company (as the following distributor and agent for Galveston Bay Resources, Inc.) and Esenjay Petroleum Corporation, a Texan company (all three Company as seller and seller representative, “seller,” whether one or more, each a “party” and “part” , made this agreement (this “agreement”) effective as of November 1, 2001 (the “date”). This agreement replaces and replaces, as of the effective date® the specific gas purchase contract (reserves/index price) between Aspect Resources, LLC, Helmerich – Payne, Inc., Galveston Bay Resources, Inc., Wilmar Pipelines, Inc. (as distributor and Gant under Gal 9.Billing Resolution:Disputes over amounts within the jurisdiction of the local jurisdiction for small claims may be heard. The parties do everything in their power to resolve the claim or dispute in good faith through negotiations. After the failure of such negotiations, but within sixty (60) days after notification to the other party of a dispute, the buyer can ask the American Arbitration Association to appoint an arbitrator. The arbitrator conducts a hearing within 30 days, unless the deadline is extended by the agreement of the parties and informs the parties of the decision in writing. The arbitrator is not entitled to amend or complete this contract. The arbitrator`s decision is limited to the issue (s) presented for arbitration. Subject to this limitation, the arbitrator`s decision is final and binding, except that any party may ask a competent court to verify errors of law. The arbitrator`s decision determines and determines the costs of arbitration.
Gas Sales Agreement Sample