Phone & Web Seminars

Natural Gas Sale Contracts Revealed
A Live Half Day Seminar
February 7 - 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.

Put into practice the specific gas contract language that comes directly from UCC Article 2 or because of requirements from the physical side. The relevant contract language may be required because of a UCC requirement, e.g., Entire Agreement clause, or because the UCC provision is not acceptable to gas contractors and is always changed, e.g. Force Majeure. Some Article 2 provisions can be altered in a gas contract and some cannot be waived.

Learn how transportation services, pipeline imbalance penalties, taxes, and other important matters related to the business of buying and selling gas are reflected in gas contract language. Knowledge of the industry is a vital tool for every gas contractor and that knowledge will greatly speed successful contract drafting and negotiations. Click here to register.

What You will Learn - Session One (1:00 pm to 2:30 pm)
  1. Review of important contract basics-when is a deal a "deal", how has the electronic age impacted gas contract language; when may gas sales be exempted from certain taxes? This all sets the stage for actual contract language review, which will include practical explanations for each contract clause.
  2. Why transportation services, pipeline imbalance penalties, taxes, and other important matters related to the business of buying and selling gas are reflected in gas contract language.
  3. Why the "boilerplate" language is important.
  4. Begin review of contract clauses with explanation or the source for each clause, e.g., requirements of the law or relationship with the physical gas industry.
What You will Learn - Session Two (3:00 pm to 4:30 pm)
  1. Continuing review of gas contract language that will include real-life examples of how contract language is impacted by the world of gas sales
  2. Gas contract sections to be covered in the rundown include the following:
  3. Typical Transactions;
  4. Transaction Confirmations;
  5. All-important Definitions;
  6. Contract Term as opposed to Delivery Period;
  7. Delivery obligations;
  8. Transportation communications and Imbalance Penalties;
  9. Gas measurement and Quality;
  10. Remedies for failure to deliver or receive;
  11. Billing and payment requirements;
  12. Events of Default;
  13. Force Majeure;
  14. Taxes;
  15. Warranties;
  16. Notices;
  17. Form of Transaction Confirmation.
Who Should Attend this Seminar

This seminar will benefit everyone who works for a company that buys or sells natural gas. Most particularly this is a fundamental course and will be excellent for those new to the industry and those new to gas contracting. 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.

Prerequisites and Advance Preparation

Part 1 on May 10th of this dual presentation or a good knowledge of the underlying reasons for gas contract language.

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.

PGS Energy Training · 26 Teal Lane · Hilton Head Island, SC 29926
Tel: (440) 853-1038 · Fax: (866) 230-1261 · newinfo@pgsenergy.com · Privacy Policy