ULTRA PETROLEUM CORP - FORM 10-K - EX-10.14 - February 26, 2010

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10-K - FORM 10-K - ULTRA PETROLEUM CORPh69023e10vk.htm
EX-23.1 - EX-23.1 - ULTRA PETROLEUM CORPh69023exv23w1.htm
EX-32.1 - EX-32.1 - ULTRA PETROLEUM CORPh69023exv32w1.htm
EX-23.2 - EX-23.2 - ULTRA PETROLEUM CORPh69023exv23w2.htm
EX-31.1 - EX-31.1 - ULTRA PETROLEUM CORPh69023exv31w1.htm
EX-32.2 - EX-32.2 - ULTRA PETROLEUM CORPh69023exv32w2.htm
EX-23.3 - EX-23.3 - ULTRA PETROLEUM CORPh69023exv23w3.htm
EX-99.1 - EX-99.1 - ULTRA PETROLEUM CORPh69023exv99w1.htm
EX-31.2 - EX-31.2 - ULTRA PETROLEUM CORPh69023exv31w2.htm
EX-10.15 - EX-10.15 - ULTRA PETROLEUM CORPh69023exv10w15.htm
EX-10.13 - EX-10.13 - ULTRA PETROLEUM CORPh69023exv10w13.htm
EXCEL - IDEA: XBRL DOCUMENT - ULTRA PETROLEUM CORPFinancial_Report.xls
Exhibit 10.14
Base Contract for Sale and Purchase of Natural Gas
This Base Contract is entered into as of the following date: April 17, 2008. The parties to this Base Contract are the following:
             
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, a and ULTRA RESOURCES, INC
national banking association organized under the laws of the
United State of America		   363 N. Sam Houston Parkway E., Suite 1200
Houston, Texas 77060
Duns Number: 006981931
   Duns Number: 07-114-9974
Contract Number:
   Contract Number:
U.S. Federal Tax ID Number: 13-4994650
   U.S. Federal Tax ID Number: 83-0320643
 
            
Notices:   Notices, Confirmations Invoices and Payments:
 
            
245 Park Ave., 11th Floor, New York, NY, 10167   363 N. Sam Houston Parkway E., Suite 1200
Attn: Energy Legal Department
   Attn: Gas Marketing
Phone:
  Fax: (646) 534-6393
   Phone: 281.876.0120
   Fax: 281.876.2831
 
            
Confirmations:        
One Chase Manhattan Plaza, Floor 14, New York, NY 10081    
Attn: Commodity Operations
   Attn:
Phone: (212) 552-1500
   Fax: (212) 383-6600
  
Phone:
  Fax:
Email: NA.Energy.Confirmations@jpmorgan.com        
 
            
Scheduling:        
Attn: Gas Scheduling
        
Phone: (212) 834-5050
   Fax: (212) 834-6367
        
Email: NA.Energy.Confirmations@jpmorgan.com        
 
            
Invoices and Payments:    
Attn: Energy Settlements
   Attn:  
Email: Na.Energy.Settlements@jpmchase.com    
Phone: (212) 552-1600
   Fax: (212) 383-6614
  
Phone:
  Fax:
 
            
Wire Transfer or ACH Numbers (if applicable):    
BANK: JPMorgan Chase Bank
   BANK: JP Morgan Chase Bank, NA
ABA: 021 0000 21
   ABA: 102001017
ACCT: 900 9 000267
   ACCT: 192 648 101
Other Details: Please include “North America — Gas Trading”
   Other Details: For the Account of Ultra Resources, Inc.
on all payments
    
This Base Contract incorporates by reference for all purposes the General Terms and Conditions for Sale and Purchase of Natural Gas published by the North American Energy Standards Board. The parties hereby agree to the following provisions offered in said General Terms and Conditions. In the event the parties fail to check a box, the specified default provision shall apply. Select only one box from each section:
                   
           
 
Section 1.2
Transaction
Procedure
þ
o 		Oral (default) 
Written 		    Section 7.2
Payment Date 		þ

o		 25th Day of Month following Month of
delivery (default)
_____ Day of Month following Month of delivery		  
           
 
Section 2.5
Confirm
Deadline
þ
o 		2 Business Days after receipt (default)
_____ Business Days after receipt 		    Section 7.2
Method of
Payment 		þ
o
o 		Wire transfer (default)
Automated Clearinghouse Credit (ACH)
Check		  
           
 
Section 2.6
Confirming
Party
þ
o		 Seller (default)
Buyer 		    Section 7.7
Netting 		þ
o		 Netting applies (default)
Netting does not apply		  
           
 
Section 3.2 Performance Obligation
þ
o		 Cover Standard (default) 
Spot Price Standard 		    Section 10.3.1
Early Termination
Damages 		þ
o		 Early Termination Damages Apply (default)
Early Termination Damages Do Not Apply		  
               
  Note: The following Spot Price Publication applies to both of the immediately preceding.     Section 10.3.2
Other Agreement
Setoffs		 þ
o		 Other Agreement Setoffs Apply (default)
Other Agreement Setoffs Do Not Apply		  
           
 
Section 2.26
Spot Price
Publication
þ
o		 Gas Daily Midpoint (default)
 
     Section 14.5
Choice Of Law 		 
Texas
  
           
 
Section 6
Taxes
þ

o		 Buyer Pays At and After Delivery Point
(default)
Seller Pays Before and At Delivery Point 		    Section 14.10
Confidentiality 		þ
o		 Confidentiality applies (default)
Confidentiality does not apply		  
           
  o  Special Provisions Number of sheets attached: NONE  
  o  Addendum(s):
  
 
 
                
           
IN WITNESS WHEREOF, the parties hereto have executed this Base Contract in duplicate.
               
JPMORGAN CHASE BANK, N.A.
 		   ULTRA RESOURCES, INC.
 		  
 
By:   /s/ Karen Gossett     By:   /s/ Stuart E. Nance   
  Name:   Karen Gossett      Name:   Stuart E. Nance   
  Title:   Vice President      Title:   Vice President   
            May 1, 2008   
     
 
Copyright © 2002 North American Energy Standards Board, Inc.
All Rights Reserved 		  NAESB Standard 6.3.1
April 19, 2002

 

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