Natural Gas Purchase Agreement: Definition, Terms, Example
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Quick Facts — Natural Gas Purchase Agreement Lawyers
- Avg cost to draft a Purchase Agreement: $880.00
- Avg cost to review a Purchase Agreement: $720.00
- Lawyers available: 263 business lawyers
- Clients helped: 587 recent natural gas purchase agreement projects
- Avg lawyer rating: 4.93 (76 reviews)
What is a Natural Gas Purchase Agreement?
A natural gas purchase agreement is a legal contract that sets the terms and conditions buyers and sellers must follow regarding natural gas transactions. The contract states who each party is, when the transaction will take place, and what amount of compensation is to be exchanged on the transaction date. It also states what rules and regulations each party must follow under the terms of the agreement. If the relationship between the buyer and seller is ongoing, the contract also states how long their relationship should last and what action must be taken to terminate the relationship and agreement.
Common Sections in Natural Gas Purchase Agreements
Below is a list of common sections included in Natural Gas Purchase Agreements. These sections are linked to the below sample agreement for you to explore.
Natural Gas Purchase Agreement Sample
| (a) | drilling (until April 1, 2006, at which time the Company will assume responsibility for drilling activities); | ||
| (b) | well tending; | ||
| (c) | water supply and disposal; and |
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| (d) | gathering (i.e., transporting the gas from the well to the main gas line). |
| (a) | for drilling, the actual cost of drilling charged by the third-party contractor, in addition to a management fee equal to seven percent (7%) of the drilling cost; | ||
| (b) | for well tending, three hundred dollars ($300) per Well per month; | ||
| (c) | for water supply and disposal, nine thousand dollars ($9,000) per Well until April 1, 2006, after which the Company will pay on an hourly basis at a rate of seventy dollars ($70) per hour; and | ||
| (d) | $0.30 per mcf (1,000 cubic feet) for gathering. |
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8500 Station Street, Suite 113
Mentor, OH 44060
Attn: President
8500 Station Street, Suite 100
Mentor, OH 44060
Attn: President
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| GREAT PLAINS EXPLORATION, LLC | ||||||
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By: | /s/ Richard M. Osborne | ||||
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| Its: Managing Member | ||||||
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| JOHN D. OIL AND GAS COMPANY | ||||||
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By: | /s/ Gregory J. Osborne | ||||
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| Its: President and Chief Operating Officer | ||||||
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Reference:
Security Exchange Commission - Edgar Database, EX-10.2 3 l19857aexv10w2.htm EX-10.2 OIL & GAS OPERATIONS AND SALE AGREEMENT, Viewed March 6, 2023, View Source on SEC.
Who Helps With Natural Gas Purchase Agreements?
Lawyers with backgrounds working on natural gas purchase agreements work with clients to help. Do you need help with a natural gas purchase agreement?
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Philips V.
General Counsel for Construction and Related Legal Services - Although Phil specializes in construction-related law, Phil’s law practice areas include commercial, construction, contract, criminal, employment, ERISA, energy, environmental, OSHA, government, immigration, insurance, labor (EEOC, FLSA, FMLA, COBRA, etc.), personal injury, product liability, real estate, surety, utilities, and workers’ compensation, amongst others.
"Excellent work, and very prompt responses. Thorough assessments. Great for Advanced Directive review."
Michael O.
A corporate and commercial litigation attorney with transactional and civil litigation experience including corporate and finance transactions, mergers and acquisitions, real estate, commercial contracts, bankruptcy, restructuring, international business transactions, general counsel services, real estate litigation, partnership, joint venture and contract disputes. Additional background skills and experience include investment banking, financial analysis, and management consulting. Sectors covered include technology, media, healthcare, franchises, small to medium enterprises, investment funds, and international business.
"He was amazing! He protected me from fraud and I will most definitely continue my business with him… Thank you Michael!"
Ramanathan C.
Triple Qualified New York Attorney, Australian Lawyer & Enrolled NZ Barrister & Solicitor
"Rama was timely and responsive to all my needs & questions. From day one, he presented a tailored proposal for my project that felt personalized and thoughtful. He is pleasant to work with and professional with his legal advice. I'd be happy to work with him again."
Jeff G.
Jeff has 25 years of commercial transactional experience within numerous industries, including finance/banking, telecommunications/utilities, insurance, and software. He is a recognized authority on contracts, software licensing and negotiation. Jeff earned his Juris Doctorate from Valparaiso University School of Law and his Masters in Business Administration from North Carolina State University and is licensed to practice law in North Carolina and Indiana.
"Jeff is a true professional and is very detailed oriented and proactive in providing legal guidance . He did. Separation Agreement for me , I provided outline of terms for agreement and he exceeded my expectations in the end agreeemnt he provided. He brought a lot of insight into process. Would highly recommend him."
Robert M.
Robert is a sixth-generation Tennessean and part of a long line of Tennessee attorneys: There has been a Marks attorney in Tennessee since 1856. In 1929, Robert’s great-grandfather established an event venue, Shadowbrook, which Robert has worked at his entire life, including managing for 10 years. He knows what business owners are dealing with—especially venue owners—because he has dealt with it. While Robert loves the hospitality industry, he pursued his passion. In 2016, Robert decided to attend law school and continue managing the business. He thrived. He was a founding member of the Nashville School of Law's Legal Aid Society, received the Tennessee Supreme Court’s Law Student for Justice award, and interned with the Tennessee Supreme Court's Access to Justice Commission. Before co-founding Mercury Legal Group, Robert focused on estate planning in solo practice. In this role, he helped clients protect what they had spent a lifetime building. Now he helps his clients build their businesses by providing tailored legal services.
"Clear explanation of my options, and a quick resolution to a very stressful situation. I will not hesitate to hire Robert again should the need arise."
Scott S.
I specialize in business law and contracts, with an emphasis on commercial transactions and negotiations, document drafting and review, employment, business formation, e-commerce, technology, healthcare, privacy, commercial real estate, data security and compliance. Specifically, I've drafted, reviewed and/or negotiated thousands of MSA's, NDA's, TOS', SAAS, sales, service, managed services, referral, reseller, royalty, finder’s fee, employment, contractor, consulting, advertising, marketing, manufacturing, distribution, management, artist, author, agency, photography, rental, lease, vendor, partnership, website, platform, application, privacy, non-compete, non-circumvent, confidentiality, IP ownership and licensing agreements so I'm very familiar with these types of documents. Practicing law since 2006, I worked in-house before starting my own solo practitioner law firm in 2011. I've worked with individuals and start-ups, Fortune 500 companies, and every type of entity in between, always providing quality legal work that fits the exact needs of the person and/or business. I’m a graduate of the Benjamin Cardozo Law School and also have an English degree from Penn.
"The language of the commercial lease i was negotiating was much more favorable in terms of how the Lessor was expected to conduct their end of business regarding "Additional Charges" requiring itemization and examples of comparable rates where increases may occur."
October 28, 2021
Oscar B.
Oscar is a St. Petersburg native. He is a graduate of the University of Florida and Stetson University, College of Law. A former US Army Judge Advocate, Oscar has more than 20 years of experience in Estate Planning, Real Estate, Small Business, Probate, and Asset Protection law. A native of St. Petersburg, Florida, and a second-generation Gator, he received a B.A. from the University of Florida and a J.D. from Stetson University’s College of Law. Oscar began working in real estate sales in 1994 prior to attending law school. He continued in real estate, small business law, and Asset Protection as an associate attorney with the firm on Bush, Ross, Gardner, Warren, & Rudy in 2002 before leaving to open his own practice. Oscar also held the position of Sales & Marketing Director for Ballast Point Homes separately from his law practice. He is also a licensed real estate broker and owner of a boutique real estate brokerage. As a captain in the US Army JAG Corps, he served as a Judge Advocate in the 3rd Infantry Division and then as Chief of Client Services, Schweinfurt, Germany, and Chief of Criminal Justice for the 200th MP Command, Ft. Meade, Maryland. He is a certified VA attorney representative and an active member of VARep, an organization of real estate and legal professionals dedicated to representing and educating veterans. Oscar focuses his practice on real small business and asset protection law.
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Browse Lawyers NowLawyer Reviews for Natural Gas Purchase Agreement Projects
Purchase Agreement Review
"Will was excellent. He was clearly communicative and showed real urgency under deadlines, which I greatly appreciated. I absolutely would recommend Will for anyone seeking help with a purchase agreement contract."
Purchase Contract to Purchase Equipment Company
"Great Experience! Knowledgeable, Fast, and would use him 1000 times more."
Georgia Attorney Needed to Review Purchase and Sale Contract for Barber Salon
"Very satisfied."
Legal Review of 13-Page Short Sale Contract in Florida
"I’m incredibly grateful for the guidance I received from Gill!I was considering purchasing a short sale property, and thanks to his careful review of the contract, he identified several concerning terms that I had completely overlooked. He took the time to explain the risks clearly and helped me make the difficult but smart decision not to move forward. His honesty, attention to detail, and commitment to protecting my best interests truly stood out. I highly recommend him to anyone needing a trustworthy and knowledgeable real estate lawyer."
Wisconsin Gas Station Purchase Agreement and Land Contract Drafting
"Great communication"
Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
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Asset purchase agreement
Location: Florida
Turnaround: Over a week
Service: Drafting
Doc Type: Purchase Agreement
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