Phone & Web Seminars

Natural Gas Sale Contracts Examined
A Live Half Day Seminar
December 12 - 1:00 pm to 2:30 pm (EST), 3:00 pm to 4:30 pm (EST)
3 CLE Credits Approved
How This Seminar Works
  1. This live Phone & Web Seminar consists of two 90-minute, high quality conference calls combined with both PDF and Internet-posted slides
  2. The day before the seminar, you will be emailed a toll-free telephone number to access the audio portion of the live seminar session. The seminar's slides will be attached to the email as a PDF file, and a Website link will be provided so you can also view the same slides online if you prefer. Phone calls originating from outside of the USA and Canada will be a toll call billed to you by your telephone service provider.
  3. A few minutes before the seminar is to begin, you will call the toll-free phone number to access the audio portion of the seminar. You can follow the visual portion of the presentation by using the printed PDF files or by viewing the Internet-posted slides on your computer screen
  4. A professional moderator will manage the audio portion of the seminar and there will be opportunity to ask questions. All participants will hear both the question and the instructor's response. After the seminar is over, further questions can be directed to the instructor via email.

Successful gas contract negotiators gain the advantage by understanding two very different things, neither of which directly relates to a sale. First, the Uniform Commercial Code Article 2 - Sales. This law, as adopted in the Governing Law state, controls a vast portion of the language typically found in every gas contract.

The second aspect of gas contract language comes from the fact that gas sales do not stand alone. Gas must be produced, treated, processed, and transported. Transporting pipelines require precise communications from the shippers who are buying and selling gas. Many gas contract clauses spring directly from the underlying physical gas industry. Knowledge of the law and the physical natural gas industry will virtually change the way gas contract negotiators think and act. Click here to register.

What You will Learn - Session One (1:00 pm to 2:30 pm)
  1. An introduction to all 9 sections of the Uniform Commercial Code-why every state has enacted parts of the UCC and why Louisiana has not enacted Article 2 - Sales.
  2. How the UCC operates and which portions of the UCC impact gas contracting
  3. An overview of all 7 sections of UCC Article 2 with emphasis on those directly affecting gas contracts
  4. Part 1 - Short Title, General Construction, and Subject Matter
  5. Part 2 - Form, Formation, and Readjustment of Contract
  6. Part 3 - General Obligations and Construction of Contract
  7. Part 4 - Title, Creditors, and Good Faith Purchasers
  8. Part 5 - Performance
  9. Part 6 - Breach, Repudiation, and Excuse
  10. Part 7 - Remedies
What You will Learn - Session Two (3:00 pm to 4:30 pm)
  1. How the physical flow of gas, with all of its related issues, controls much of the language found in typical gas contracts. From wellhead to burner tip, an overview of the path taken by natural gas from production to consumption;
  2. The properties that make natural gas a unique commodity; Who the major sellers and buyers of gas are and an explanation of their different underlying motivations seen in gas contract negotiations;
  3. How transportation services, pipeline imbalance penalties, taxes, and other important matters relate to the business of buying and selling gas;
  4. How natural gas sales are inter-connected with necessary transportation; illustrations of multiple sales of the "same" gas.
Who Should Attend this Seminar

This seminar will benefit everyone who works for a company that buys or sells natural gas. Attorneys, paralegals, Contract Administrators, Credit and Accounting Personnel and many others will all take home important information that can be put to use right away. This course is an excellent resource for anyone new to the industry or anyone already in the industry who is transferring a position that includes some facet of gas contracts.

Prerequisites and Advance Preparation

This basic course has no prerequisites.

Program Level

Basic level. This fundamental course begins with basic material and then proceeds to the intermediate level.

Delivery Method

Group-live.

Why Choose PGS?

PGS seminars are known for their clear explanations and in-depth content. Register for a PGS class today, and join the over 10,000 energy professionals who have already attended one of PGS's proven programs. View Past Seminar Attendees

Instructor

Ann O'Hara
Ann O'Hara practiced law for 30 years prior to taking an “inactive” status with the Nebraska State Bar Association. Her experience in energy contracting law began in 1988 and she gained the majority of that experience as senior counsel for Aquila Energy Corporation in Omaha, Nebraska. In 1995, O'Hara began her own law practice which focused on energy transactional law with an emphasis on over the counter derivative documentation and the ISDA© Master Agreements. Her ISDA clients included some of the largest energy producers, marketers, and local distribution companies in the United States.

In 2000, O'Hara wrote the book, "A Practical Guide to Gas Contracts” published by PennWell Publications, which is still the definitive book on gas contracting. The 467-page book is available from PennWell.com and from Amazon.com."

O'Hara continues to lecture and consult on energy risk management issues and ISDA documentation. She has presented seminars and workshops throughout the United States and Canada on the 1992 ISDA© Master Agreement, the 1994 ISDA® Credit Support Annex, the 2002 ISDA© Master Agreement, Master Netting Agreements, the NAESB Base Contract and the GISB Base Contract.

Registration Fee and Discounts

$295 for the first attendee and $155 for the second attendee, and $140 for each attendee thereafter.

Payment and Cancellations

Payment is due prior to the start of the seminar by Visa, Master Card, American Express, or Diner's Club. Seminar fees will be charged to your credit card at the time of registration unless other arrangements have been made. Cancellations can be made up to 5:00 PM (Eastern U.S. time) two (2) business days prior to the seminar for a full refund. No refunds will be made thereafter, but credit will be given toward future seminars. Substitutions may be made at any time.

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