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Title: Elements Of Gas Contracts
Author: H. P. Pringle
Source: 1970 Southwestern Gas Measurement Short Course (Now called ISHM)
Year Published: 1970
Abstract: The purchase and sale of most commodities occur after terms of the transaction are fully agreed upon and complied with. The terms might include such factors as price per unit, quantity, color, size, and how payment is to be made. Some of these particular considerations are not applicable to the purchase and sale of natural gas. Some of them, however, and other factors are applicable to gas but unlike the purchase and sale of most commodities, the purchase and sale of gas, due to its physical nature, is not a simple exchange of the commodity for money. The gas industry is said to have begun at Titusville, Pennsylvania, about 1872 when gas was first transported successfully and used effectively for domestic purposes. During the next several decades no one deliberately searched for gas, and to many in the petroleum industry gas found was considered a nuisance.

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