Quantity Provisions in Today's Contracts
β Scribed by Whitcomb, M. Glenn
- Publisher
- John Wiley and Sons
- Year
- 2007
- Weight
- 222 KB
- Volume
- 4
- Category
- Article
- ISSN
- 0743-5665
No coin nor oath required. For personal study only.
β¦ Synopsis
In the first two columns I outlined provisions in a typical long-term natural gas sales contract and explained the important features of the commitment provision. This article is about the quantity provisions-including the famous (or infamous, depending on your point of view) take-or-pay provision.
CASINGHEAD GAS
Because the value of crude oil produced from an oil well greatly exceeds the value of the casinghead gas associated with it, the industry practice is for all casinghead gas produced to be purchased by the gas purchaser. In the rest of this column, I'll be describing provisions that app1.y to gas from gas wells.
π SIMILAR VOLUMES
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## Abstract The outlook for M&A is improving, but at a painfully slow pace. What are the keys to βdoing the dealβ in the current market? __Β© 2004 Wiley Periodicals, Inc.__