Gas Contracts: Then And Now

Author: Tom ClevelandDownload File

Contracts involving the sale, gathering, transportation, processing, storage, marketing, compression, and other services provided by the typical natural gas organization are crafted with contributions from several different functional groups and individuals. The expertise of these different groups and individuals is needed to put into writing an agreement that will allow an organization to invest capital in projects with known risk and expected rate of return and to carry on with the day-to-day business activities it was formed to do. This paper will discuss the various elements of typical natural gas contracts and the expertise called upon to draft these elements