Attached files
Exhibit 10.3
FORM OF
TERM SALE GAS CONTRACT
WITH SNYDER BROTHERS, INC.
TERM SALE
GAS CONTRACT
2011PNG101P
BUYER: SNYDER | BROTHERS, INC. |
SELLER: |
Period: 4/01/11 thru 3/31/12
1. Quantity: |
Approximately MCF per month | |||||||
2. Sales Price: |
NYMEX + $0.18 per MCF less any applicable retainage, gathering, processing, etc. | |||||||
3. Pipeline: |
Peoples Natural Gas (PNG) | |||||||
4. Receipt Point: |
Meter #s | |||||||
5. Payment: |
Thirty (30) days after receipt of transportation statement | |||||||
6. A production month shall be a minimum of 28 days and a maximum of 32 days unless otherwise agreed upon by buyer. Seller has the right to convert the NYMEX portion of the contract to a fixed price at mutually agreeable terms. In the event of a price lock-in, Seller will be responsible to supply the supplied lock-in volumes. |
BUYER | SELLER | |||||||
SNYDER BROTHERS, INC. | ||||||||
P.O. Box 1022 | ||||||||
1 Glade Park East | ||||||||
Kittanning, PA 16201 | ||||||||
PH: 724-548-8101 | PH: | |||||||
FAX: 724-545-8243 | FAX: | |||||||
BY: |
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BY: |
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Benjamin T. Snyder | ||||||||
TITLE: | Vice President of Marketing | TITLE: | ||||||
DATE: |
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DATE: |
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