ULTRA PETROLEUM CORP - FORM 10-K - EX-10.15 - February 26, 2010

Attached files

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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-10.14 - EX-10.14 - ULTRA PETROLEUM CORPh69023exv10w14.htm
EX-10.13 - EX-10.13 - ULTRA PETROLEUM CORPh69023exv10w13.htm
EXCEL - IDEA: XBRL DOCUMENT - ULTRA PETROLEUM CORPFinancial_Report.xls
Exhibit 10.15
Execution Copy
Base Contract for Sale and Purchase of Natural Gas
This Base Contract is entered into as of the following date: June 1st, 2004 The parties to this Base Contract are the following:
             
J. ARON & COMPANY (“ARON”) and ULTRA RESOURCES, INC. (“COUNTERPARTY”)
85 Broad Street, New York, NY 10004   363 N. Sam Houston Pkwy. E., Suite 1200, Houston, TX 77060
Duns # 00-698-0312
   Duns # 07-110-9974
Contract #
   Contract #
Attn: Jim Brush
   Attn: Natural Gas Marketing, Contract Administration
Phone: (212)902-5852
   Fax: 212) 493 9847
   Phone: 281.876.0120 x.307
   Fax: 281.876.2831
Federal Tax ID Number: 13-3092284
   Federal Tax ID Number: 83-0320643
 
            
Notices:   Notices, Confirmations, Invoices and Payments:
85 Broad Street, New York, NY 10004   363 N. Sam Houston Pkwy. E., Suite 1200, Houston, TX 77060
Attn: Energy Operations, Manager
   Attn: Natural Gas Marketing
Phone: 212-902-7349
   Fax: 212-493 9847
   Phone: 281.876.0120 x.307
   Fax: 281.876.2831
 
            
Confirmations:        
85 Broad Street, New York, NY 10004        
Attn: Contract Execution Department
        
Phone: 212-357-3606
   Fax: 212-344-3457
        
 
            
Invoices and Payments:        
85 Broad Street, New York, NY 10004        
Attn: Energy Operations, Manager
        
Phone: 212-902-7349
   Fax: 212-344-3457
        
 
            
Wire Transfer or ACH Nos. (if applicable):   Wire Transfer or ACH Nos. (if applicable):
BANK: Citibank, N.A
   BANK: Bank One N.A.— Chicago
ABA: 021000089,
   ABA: 102001017
ACCT: 09292521
   ACCT: 192 648 101
Other Details: For the account of J. Aron & Co., New York
   Other Details: For the Account of Ultra Resources Inc.
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
o
o
þ		 Seller (default)
Buyer
Aron 		    Section 7.7
Netting 		þ
o		 Netting applies (default)
Netting does not apply		  
           
 
Section 3.2 Performance Obligation
o
þ		 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 		 
NEW YORK
  
           
 
Section 6
Taxes
þ

o		 Buyer Pays At and After Delivery Point
(default)
Seller Pays Before and At Delivery Point 		    Section 14.10
Confidentiality 		o
þ		 Confidentiality applies (default)
Confidentiality does not apply		  
           
  þ  Special Provisions Number of sheets attached: 4     o  Addendum(s):
 
 
 
                
           
IN WITNESS WHEREOF, the parties hereto have executed this Base Contract in duplicate.
               
J. ARON & COMPANY
 		   ULTRA RESOURCES, INC.
 		  
 
By   /s/ Steven D. Pruett     By   /s/ Stuart Nance   
  Name:   Steven D. Pruett      Name:   Stuart Nance   
  Title:   Managing Director      Title:   Director   
     
 
 
  		  NAESB Standard 6.3.1
April 19, 2002

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