Webinars

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.

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

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.

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.

This basic course has no prerequisites.

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

Ann O'Hara has 28 years experience as an attorney, focusing on energy law since 1988. She gained the majority of her energy experience as senior counsel for Aquila Energy Corporation in Omaha, Nebraska. In 1995, O'Hara began her own law practice and currently practices energy transactional law with an emphasis on over the counter derivative documentation. In 2000, O'Hara wrote her first book, "A Practical Guide to Gas Contracts" published by PennWell Publications. She is currently working on a second book, "OTC Energy Derivatives and the ISDA Documentation" which includes a study of the 1992 and 2002 ISDA Master Agreements, the 2005 ISDA Commodity Definitions, and accompanying credit documents. In addition to her law practice, O'Hara is a frequent lecturer 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.

$295 for the first attendee and $155 for the second attendee, and $95 for each attendee thereafter.

Special discounts are available for groups of 10 or more. Please call Janice Ohmura for details at (412) 521-4737.

Payment is due prior to the start of the seminar by Visa, Master Card, American Express, Diners Club or check. Seminar fees will be charged to your credit card at the time of registration unless other arrangements have been made. Please make checks payable to "PGS Energy Training" 26 Teal Lane HHP · Hilton Head Island, SC 29926. Cancellations can be made up to two (2) business days prior to the start of the seminar for a full refund. No refunds will be made thereafter, but full credit for one year will be given toward future seminars. Substitutions may be made at any time. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at (843) 342-9945.

This live group seminar is eligible for 3.5 CPE credits. Be aware that state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. As of January 1, 2002, sponsored learning activities are measured by program length, with one 50-minute period equal to one CPE credit. One-half CPE credit increments (equal to 25 minutes) are permitted after the first credit has been earned in a given learning activity. You may want to verify that the state board from which your participants will be receiving credit accept one-half credits.

PGS Energy Training · 26 Teal Lane HHP · Hilton Head Island, SC 29926
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