EXHIBIT 10.15
Dealer Sale Contract Conoco Inc. CONOCO
Gas Products Division
Humber Building - 1021
P.O. Box 2197 LP-gas
Houston, TX 77252
(713) 293-3815
We hereby confirm SALE
to:
Empire Gas Corporation DATE: January 24, 1992
P.O. Box 303 CONOCO NO.: 30-9009636-0000-A09
Lebanon, MO 65536 SYSTEM CODE: 15
Attention: Earl Noe ACCOUNT CODE: 407
Per conversations between Earl Noe and our Lewis Bradshaw
PRODUCT: Propane (Stenched) meeting GPA specifications
PRICE: See Remarks
TERMS OF PAYMENT: 1% 10 Days/Net 11 Days From Date of Invoice
F.O.B. ORIGIN POINT DESTINATION
- ---------------------------------------- ----------------------------------
Cherokee Pipeline - Wood River, IL 30-9009636-0000 Missouri, Various
Cherokee Pipeline - Belle, MO 30-9013694-0000 Illinois, Various
Cherokee Pipeline - Mt. Vernon, MO
Conoco/Medford Plant - Medford, OK
Conoco/Ponca City Refinery - Ponca City,
FREIGHT: Origin Collect
METHOD OF TRANSPORTATION: Common Carrier and/or Customer Truck
TERM OF AGREEMENT: January 21, 1992 through June 30, 1993 and year to year
thereafter.
QUANTITY: Subject to the terms and conditions on the reverse hereof, seller
agrees to sell and deliver, and buyer agrees to purchase and receive the
following volumes of product: (000) Gallons
MIN MAX MIN MAX MIN MAX MIN MAX
---- ---- ---- ---- ---- ---- ---- ----
JAN 2800 4200 APR 576 864 JUL 280 420 OCT 1480 2220
FEB 2224 3336 MAY 456 684 AUG 872 1308 NOV 1960 2940
MAR 1720 2580 JUN 352 528 SEP 1440 2160 DEC 2640 3960
---- ---- ---- ---- ---- ---- ---- ----
Q1 6744 10116 Q2 1384 2076 Q3 2592 3888 Q4 6080 9120
Year Total 16800 25200
REMARKS: CONVERSION OPTION: Empire Gas reserves the right to convert up to 50%
of the above stated volumes to "5 cents down - forward contract
volumes". No more than 25,000 barrels per day will be converted
without Conoco's prior
(Continued on attached page)
Conoco Inc. invoices should be Customer invoices, contracts, and
mailed to the following address: correspondence to be mailed to:
Conoco Inc.
Empire Gas Corporation Gas Products Division
P.O. Box 303 Humber Building - 1021
Lebanon, MO 65536 P.O. Box 2197
Houston, TX 77252
("Buyer") ("Seller")
Subject to terms and conditions on reverse side
Accepted June 9, 1992 By /s/ Ben Bolt
------------------------ --------------------------------
Empire Gas Corporation Ben Boldt
- --------------------------------- Manager - Marketing
By /s/ Earl Noe
------------------------------
Please sign and return one copy and retain one copy for your files.
CONTRACT ATTACHMENT 30-9009636-0000-A09 Page 2
January 24, 1992
approval. Upon an Empire conversion request, Conoco will offer a
quote based on current market conditions and the following formulae:
Mt. Vernon
Conversion Dates Conway current spot plus
January 21 - April 30, 1992 6.00 CPG
May 1 - July 31, 1992 5.75 CPG
August 1 - October 31, 1992 5.50 CPG
Belle and Wood River will be billed on the above schedule plus 0.50
CPG.
Empire reserves the right to pull up to 45% of the converted volumes
at the Belle terminal. Empire may pull greater than 45% of the
converted volumes at the Belle terminal upon written authorization
from Conoco Propane Marketing. No limitations apply to the proportion
of converted volumes which Empire may pull at Mt. Vernon and Wood
River.
No vintaging of conversion volumes will occur. Instead, a new
weighted average conversion price will be calculated as additional
volumes are converted.
The down payment of 5.00 CPG will be due net within ten days from date
of invoice. The balance will be invoiced in accordance with the above
schedule as the product is delivered to Empire, but in no event later
than March 31, 1993. The balance due invoices will be subject to
1.00% 10 days/Net 11 days from date of invoice.
This section shall be updated in 1993, prior to converting volumes for
the 1993/1994 heating season.
PRICE: Contract amended effective 4/1/91 until the end of the
contract term -- price shall be Conoco's established price on the
date of delivery less 0.700 cents per gallon. This reduction shall
only apply to purchases on Conoco's established posting.