Examples of Gas Daily in a sentence
For Gas produced from the Utica formation in Ohio, the “Midpoint Average” price published in Xxxxx’x Gas Daily Price Guide for “Texas Eastern M-2 Receipts”.
For Gas produced from the Marcellus formation in West Virginia, the “Midpoint Average” price published in Xxxxx’x Gas Daily Price Guide for “Columbia Gas/Appalachia”.
In the event Gas Daily ceases to be published or fails to report the necessary index price, Gatherer shall notify Shipper of the substitute index price to be used.
In the event Gas Daily Waha ceases to be published or fails to report the necessary index price, Gatherer shall notify Shipper of the substitute index price to be used.
If the volume of Gas physically present is more than the Counterparty Storage Inventory, then Counterparty, at its option, may either pay for the Gas in place, at the Gas Daily price for the applicable area on the date of termination, or require Manager to remove the Gas within thirty (30) days of the date of termination via in place transfer to a third party or withdrawal.
If the above publication ceases to be published during the term hereof, its successor publication shall be used or, if there is no successor, then Financial Times Energy's Gas Daily, "Daily Price Survey" shall be substituted in replacement thereof.
For purposes of this Section 2.2, "Gas Daily Price" shall mean the arithmetic average of (1) the daily "Midpoint" gas prices published by Platts in The Gas Daily Price Guide, "Daily Price Survey" under "City Gates", "Texas Eastern, zone M-3" on the applicable Call Day and (2) the daily "Midpoint" gas prices published by Platts in The Gas Daily Price Guide "Daily Price Survey" under "City Gates", "Transco, zone 6 N.Y." on the applicable Call Day.
The sole and exclusive remedy of the Seller in the event of a breach by Buyer of a Firm obligation to receive gas on any day(s) shall be limited to the payment by Buyer to Seller in an amount equal to the difference between the Contract Quantity and the actual quantity delivered by Seller and received by Buyer for such Day(s), multiplied by the positive difference, if any, obtained by subtracting the Xxxxx Xxx midpoint price listed in Gas Daily from the Contract Price.
Gas prices are referenced to a December 31, 2007 physical spot price of $6.80 per MMBtu, as posted by Platts Gas Daily (Henry Hub spot), adjusted for energy content, transportation fees, and regional price differentials.
Buyer shall pay Seller the Gas Daily index average for Texas Gas Zone SL for the applicable day.