exv10w14







Exhibit 10.14




Base Contract for Sale and Purchase of Natural Gas



This Base
Contract is entered into as of the following date: April 17, 2008. The parties to
this Base Contract are the following:




	 	 	 	 	 	 	 
	JPMORGAN
CHASE BANK, NATIONAL ASSOCIATION, a	and	ULTRA
RESOURCES, INC
	national banking association
organized under the laws of the
United State of America	 	363
N. Sam Houston Parkway E., Suite 1200
Houston, Texas 77060
	Duns
Number:
006981931
	 	Duns
Number:
07-114-9974

	Contract Number:
	 	Contract Number:

	U.S. Federal Tax ID
Number:
13-4994650
	 	U.S. Federal Tax ID
Number:
83-0320643

	 
	 	 	 	 	 	 
	Notices:	 	Notices, Confirmations Invoices and Payments:
	 
	 	 	 	 	 	 
	245 Park Ave., 11th Floor, New York, NY, 10167	 	363 N. Sam Houston Parkway E., Suite 1200
	Attn: Energy Legal Department
	 	Attn: Gas Marketing

	Phone: 


	 	Fax: (646) 534-6393

	 	Phone:
281.876.0120

	 	Fax:
281.876.2831

	 
	 	 	 	 	 	 
	Confirmations:	 	 	 	 
	One
Chase Manhattan Plaza, Floor 14, New York, NY 10081
	 	 
	Attn:
Commodity Operations
	 	Attn:


	Phone:
(212) 552-1500


	 	Fax: (212) 383-6600
	 	Phone:



	 	Fax: 

	Email:
NA.Energy.Confirmations@jpmorgan.com	 	 	 	 
	 
	 	 	 	 	 	 
	Scheduling:	 	 	 	 
	Attn:
Gas Scheduling
	 	 	 	 
	Phone:
(212) 834-5050


	 	Fax: (212) 834-6367
	 	 	 	 
	Email: NA.Energy.Confirmations@jpmorgan.com
	 	 	 	 
	 
	 	 	 	 	 	 
	Invoices and Payments:	 	 
	Attn: Energy Settlements
	 	Attn:  

	Email:
Na.Energy.Settlements@jpmchase.com	 	 
	Phone:
(212) 552-1600


	 	Fax: (212) 383-6614
	 	Phone:



	 	Fax: 

	 
	 	 	 	 	 	 
	Wire Transfer or ACH Numbers (if applicable):	 	 
	BANK: JPMorgan Chase Bank
	 	BANK: JP Morgan Chase
Bank, NA

	ABA: 021 0000 21
	 	ABA: 102001017

	ACCT: 900 9 000267
	 	ACCT: 192 648 101

	Other Details: Please
include “North America — Gas Trading”
	 	Other Details: For the
Account of Ultra Resources,
Inc.

	
on all payments
	 	 





This Base Contract incorporates by reference for all purposes the General Terms and Conditions for
Sale and Purchase of Natural Gas published by the North American Energy Standards Board. The
parties hereby agree to the following provisions offered in said General Terms and Conditions. In
the event the parties fail to check a box, the specified default
provision shall apply. Select
only one box from each section:




	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 
	 	Section 1.2

Transaction 

Procedure

	þ
o


	Oral (default) 
Written
	 	 	Section 7.2

Payment Date
	þ

o	25th Day of Month following Month of 
delivery (default) 

_____ Day of Month following Month of delivery	 
	 	 	 	 	 	 
	 	Section 2.5

Confirm 

Deadline

	þ
o
	2 Business Days after receipt (default)

_____ Business Days after receipt
	 	 	Section 7.2

Method of 

Payment
	þ
o
o
	Wire transfer (default) 

Automated Clearinghouse
Credit (ACH)
Check	 
	 	 	 	 	 	 
	 	Section 2.6

Confirming 

Party

	þ
o	Seller (default)

Buyer
	 	 	Section 7.7

Netting
	þ
o	Netting applies (default)

Netting does not apply	 
	 	 	 	 	 	 
	 	Section 3.2
Performance
Obligation

	þ
o	Cover Standard (default) 
Spot Price Standard
	 	 	Section 10.3.1

Early Termination 

Damages
	þ
o	Early Termination Damages Apply (default)

Early Termination Damages Do Not Apply	 
	 	 	 	 	 	 	 	 
	 	Note: The following Spot Price Publication applies to both of
the immediately preceding.	 	 	Section 10.3.2

Other Agreement 

Setoffs	þ
o	Other Agreement Setoffs Apply (default)

Other Agreement Setoffs Do Not Apply	 
	 	 	 	 	 	 
	 	Section 2.26

Spot Price 

Publication

	þ
o	Gas Daily Midpoint (default)
 

	 	 	Section 14.5

Choice Of Law
	 	
Texas
	 
	 	 	 	 	 	 
	 	Section 6

Taxes

	þ

o	Buyer Pays At and After Delivery Point

(default)
Seller Pays Before and At
Delivery Point
	 	 	Section 14.10

Confidentiality
	þ
o	Confidentiality applies (default)

Confidentiality does not apply	 
	 	 	 	 	 	 
	 	o  Special
Provisions Number of sheets attached: NONE	 
	 	o  Addendum(s):
	 
	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 




IN WITNESS WHEREOF, the parties hereto have executed this Base Contract in duplicate.




	 	 	 	 	 	 	 	 
	JPMORGAN CHASE BANK, N.A.

 	 	ULTRA RESOURCES, INC.
 	 
	 
	By:  	/s/
Karen Gossett
 	 	By:  	/s/
Stuart E. Nance 	 
	 	Name:  	Karen Gossett 	 	 	Name:  	Stuart E. Nance 	 
	 	Title:  	Vice President 	 	 	Title:  	Vice President 	 
	 	 	 	 	 	 	May 1, 2008 	 






			
	 	 	 
	 
	Copyright © 2002 North
American Energy Standards Board, Inc. 

All Rights Reserved
	 	NAESB Standard 6.3.1

April 19, 2002