Webinars

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.

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.

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.

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.

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

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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