----

----

|                                                                                                             |
|-------------------------------------------------------------------------------------------------------------|
|                                                                                                             |  |
| Phillips 66 Company   By: /s/ Glenn E. SimpsonName: Glenn E. SimpsonTitle:   General Manager | Freeport-McMoRan Oil & Gas LLC By: /s/ Doss R. BourgeoisName: Doss R. BourgeoisTitle:   Executive Vice President, Exploration & Production |

----

|               |
|---------------|
|               |  |  |
| POSTING GROUP | BENCHMARK PRICE* | SPECIFIED GRAVITY (DEGREES API) |
| Buena Vista   | ******* | *****º |
| Midway Sunset | ***** | *****º |
| OCS           | ******* | *****º*** |

----

|                      |
|----------------------|
|                      |  |  |
| SUBJECT FIELD        | POSTING GROUP | SUBJECT FIELDPRICING DIFFERENTIAL |
|                 |   |   |
| Lompoc               | OCS | ($*****) |
| Point Pedernales     | OCS | ($*****) |
| Point Arguello       | OCS |   |
|                 |   |   |
| Cymric Heavy         | Midway Sunset |   |
| Midway Sunset        | Midway Sunset |   |
| South Belridge Heavy | Midway Sunset |   |
| Arroyo Grande        | Midway Sunset | ($*****) |
|                 |   |   |
| L.A. Basin           | Buena Vista* |   |
| Cymric Light         | Buena Vista* |   |
| South Belridge Light | Buena Vista* |   |

----

----

|                        |
|------------------------|
|                        |  |  |  |  |
| Argus Publication Date | Base | ***** | CMA September NYMEX | Price |
| 7/26/2013              | Oct | ***** | 9/1/2013 |   |
| 7/27/2013              |   | ***** | 9/2/2013 |   |
| 7/28/2013              |   | ***** | 9/3/2013 | $108.54 |
| 7/29/2013              | Oct | ***** | 9/4/2013 | $107.23 |
| 7/30/2013              | Oct | ***** | 9/5/2013 | $108.37 |
| 7/31/2013              | Oct | ***** | 9/6/2013 | $110.53 |
| 8/1/2013               | Oct | ***** | 9/7/2013 |   |
| 8/2/2013               | Oct | ***** | 9/8/2013 |   |
| 8/3/2013               |   |   | 9/9/2013 | $109.52 |
| 8/4/2013               |   |   | 9/10/2013 | $107.39 |
| 8/5/2013               | Oct | ***** | 9/11/2013 | $107.56 |
| 8/6/2013               | Oct | ***** | 9/12/2013 | $108.60 |
| 8/7/2013               | Oct | ***** | 9/13/2013 | $108.21 |
| 8/8/2013               | Oct | ***** | 9/14/2013 |   |
| 8/9/2013               | Oct | ***** | 9/15/2013 |   |
| 8/10/2013              |   |   | 9/16/2013 | $106.59 |
| 8/11/2013              |   |   | 9/17/2013 | $105.42 |
| 8/12/2013              | Oct | ***** | 9/18/2013 | $108.07 |
| 8/13/2013              | Oct | ***** | 9/19/2013 | $106.39 |
| 8/14/2013              | Oct | ***** | 9/20/2013 | $104.68 |
| 8/15/2013              | Oct | ***** | 9/21/2013 |   |
| 8/16/2013              | Nov | ***** | 9/22/2013 |   |
| 8/17/2013              |   |   | 9/23/2013 | $103.59 |
| 8/18/2013              |   |   | 9/24/2013 | $103.13 |
| 8/19/2013              | Nov | ***** | 9/25/2013 | $102.66 |
| 8/20/2013              | Nov | ***** | 9/26/2013 | $103.03 |
| 8/21/2013              | Nov | ***** | 9/27/2013 | $102.87 |
| 8/22/2013              | Nov | ***** | 9/28/2013 |   |
| 8/23/2013              | Nov | ***** | 9/29/2013 |   |
| 8/24/2013              |   |   | 9/30/2013 | $102.33 |
| 8/25/2013              |   |   |   |   |
|                   | Average | ***** | Average | $106.24 |

|                      |
|----------------------|
|                      |  |
| ***** Benchmark |   |
| Nymex                | $106.24 |
| plus *****           | ***** |
| ***** Benchmark | ***** |

----

|                        |
|------------------------|
|                        |  |  |  |  |  |
| Argus Publication Date | Base | ***** | ***** |   |   |
| 4/13/2011              |   |   |   |   |   |
| 4/14/2011              | June | ***** | ***** | NYMEX Price |
| 4/15/2011              | July | ***** | ***** | 7/1/11 | 94.94 |
| 4/16/2011              |   |   |   | 7/5/11 | 96.89 |
| 4/17/2011              |   |   |   | 7/6/11 | 96.65 |
| 4/18/2011              | July | ***** | ***** | 7/7/11 | 98.67 |
| 4/19/2011              | July | ***** | ***** | 7/8/11 | 96.20 |
| 4/20/2011              | July | ***** | ***** | 7/11/11 | 95.15 |
| 4/21/2011              | July | ***** | ***** | 7/12/11 | 97.43 |
| 4/22/2011              | July | ***** | ***** | 7/13/11 | 98.05 |
| 4/23/2011              |   |   |   | 7/14/11 | 95.69 |
| 4/24/2011              |   |   |   | 7/15/11 | 97.24 |
| 4/25/2011              | July | ***** | ***** | 7/18/11 | 95.93 |
| 4/26/2011              | July | ***** | ***** | 7/19/11 | 97.50 |
| 4/27/2011              | July | ***** | ***** | 7/20/11 | 98.14 |
| 4/28/2011              | July | ***** | ***** | 7/21/11 | 99.13 |
| 4/29/2011              | July | ***** | ***** | 7/22/11 | 99.87 |
| 4/30/2011              |   |   |   | 7/25/11 | 99.20 |
| 5/1/2011               |   |   |   | 7/26/11 | 99.59 |
| 5/2/2011               | July | ***** | ***** | 7/27/11 | 97.40 |
| 5/3/2011               | July | ***** | ***** | 7/28/11 | 97.44 |
| 5/4/2011               | July | ***** | ***** | 7/29/11 | 95.70 |
| 5/5/2011               | July | ***** | ***** | AVG | 97.34 |
| 5/6/2011               | July | ***** | ***** |   |   |
| 5/7/2011               |   |   |   |   |   |
| 5/8/2011               |   |   |   |   |   |
| 5/9/2011               | July | ***** | ***** |   |   |
| 5/10/2011              | July | ***** | ***** |   |   |
| 5/11/2011              | July | ***** | ***** |   |   |
| 5/12/2011              | July | ***** | ***** |   |   |
| 5/13/2011              | July | ***** | ***** |   |   |
| 5/14/2011              |   |   |   |   |   |
| 5/15/2011              |   |   |   |   |   |
| 5/16/2011              | July | ***** | ***** |   |   |
| 5/17/2011              | July | ***** | ***** |   |   |
| 5/18/2011              | July | ***** | ***** |   |   |
| 5/19/2011              | Aug | ***** | ***** |   |   |
|                   | Average | ***** | ***** |   |   |
|                   | 4/15 - 5/18 |   |   |   |   |
| ***** Benchmark:  |   |   |   |   |
| NYMEX                  | $97.34 |   |   |   |
| *****                  | ***** |   |   |   |
| ***** Benchmark:  | ***** |   |   |   |