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Exhibit 10.9    
    


[PLAINS MARKETING, L.P. LETTERHEAD] 


 
 

Crude Oil Purchase Contract    
    



	CONTRACT NO. 4863-1003	 	May 05, 2005





This
contract by and between Ellora Operating, L.P. ("Ellora"), with an address of 5480 Valmont, Suite 350, Boulder, CO 80301—and  Plains Marketing, L.P., ("PMLP"), covering the sale and delivery by Ellora and the purchase and receipt by PMLP of the hereinafter specified oil is
entered into in accordance with the following feints and conditions: 



	1.	 	TERM:	 	The primary term shall be a period of one month from November 01, 2004 to December 01, 2004.
	

 	
 	

 	
 	

The term shall be automatically extended for a Secondary Term month to month thereafter unless notice of non-renewal is given by either party hereto upon not less than thirty (30) days advance written notice to the other party.
	

2.	
 	

QUALITY	
 	

 
	 	 	AND	 	 
	 	 	CRUDE	 	 
	 	 	TYPE:	 	Rocky Mountain Sweet crude oil.
	

3.	
 	

QUANTITY:	
 	

An amount equal to actual lease receipts from lease(s) indicated on Exhibit "A" attached hereto and made a part hereof. (Approximately 26 barrels per day).
	

4.	
 	

DELIVERY:	
 	

Shall be made at the well tankage into PMLP's designated transportation facilities.
	

5.	
 	

PRICE:	
 	

For the crude oil sold and delivered hereunder, PMLP agrees to pay a price per barrel equal to SPLLC Colorado Southeastern Crude Oil Posting, capped 44.9ø API gravity. For pricing purposes, deliveries will be calculated on equal daily
quantities.
	

6.	
 	

PAYMENT:	
 	

Payment shall be made by check on or about the twentieth (20th) day of-the month following the month of delivery.






PMLP's
General Provisions dated February 01, 2001 are incorporated herein by reference and made a part hereof. To the extent of any conflict between the provisions herein and the General
Provisions, the provisions herein shall govern. 


If
Division Orders have been issued to Ellora by PMLP and executed by Ellora covering the wells on Exhibit A, the Division Orders are incorporated herein and made a part hereof. The provisions
of this Agreement, including but not limited to those relating to term, rights of termination, price and otherwise, shall be applicable and govern, notwithstanding any provision in the Division Orders
to the contrary. 


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All
invoices and notices given pursuant to this agreement shall be in writing, telex or faxed and shall be deemed delivered when received by the other party at the address specified below: 


Notices
and all other correspondence to PMLP shall be mailed or faxed as follows: 






Plains
Marketing, L.P.

10 Desta Drive, Suite 200E

Midland, Texas 79705

Phone: (432) 683-9622

Fax: (432) 683-0849 







Invoices
shall be mailed or faxed to PMLP as follows: 






Plains
Marketing, L.P.

333 Clay Street Suite1600

Houston, Texas 77002

Phone: (713) 646-4100

Fax: (713) 646-4114 







Notices
and all other correspondence to Ellora shall be mailed or faxed as follows: 






Ellora
Operating, L.P.

5480 Valmont, Suite 350

Boulder, CO 80301

Phone:(303) 444 8881

Fax:(303) 417 1000 






	BUYER	 	SELLER
	
  Plains Marketing, LP.	
 	

Ellora Operating, LP.
	 By Plains Marketing GP Inc.

Its General Partner	 	 	 
	
  Agreed and accepted this 19 day of June, 2005.	
 	

Agreed and accepted this 6th day of June, 2005.
	
 By:	

/s/  MARK L. THOMAS      
	
 	

By:	

/s/  CHANDRA C. BAESLER      

	
 Name:	

Mark L. Thomas	
 	

Name:	

Chandra C. Baesler
	
 Title:	

Director, West Texas Region and Attorney in Fact	
 	

Title:	

Manager-Land/Marketing





jac

Log No.: 17049 


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	Plains Marketing L.P.	 	 	 	 	 	 	 	 	 	 	 	May 05, 2005
	 	
 Plains Contract:	
 	

4863-1003	
 	

Effective 03-01-2005	
 	
Exhibit "A"	
 	

 	
 	
Partner contract:	
 	

 
	

 	
 	

 	
 	

 	
 	

 	
 	

 	
 	

 	
 	

Page 1 of 1





   





	PM

Lease

‡=Intact
 
	 	Lease
	 	Operator
	 	County/

Parish
	 	State
	 	Price

Code*
	 	Price

Method**
	 	Applicable

Premium

or

(Deduct)
	 	Percent
	 	Gravity
	 	State

Lease

	014910	 	SNIFF E	 	ELLORA OPERATING LP	 	BENT	 	CO	 	S2078	 	EDQ	 	$	0.0000	 	100.00000	%	Capped 44.90 API	 	 
	

049340	
 	

SNIFF LATERAL DRIP STATION	
 	

ELLORA OPERATING LP	
 	

BENT	
 	

CO	
 	

S2078	
 	

EDO	
 	
$	

0.0000	
 	

100.00000	
%	

Capped 44.90 API	
 	

 
	

049341	
 	

MCCLAVE SEPARATOR	
 	

ELLQRA OPERATING LP	
 	

KIOWA	
 	

CO	
 	

S2078	
 	

EDO	
 	
$	

0.0000	
 	

100.00000	
%	

Capped 44.90 API	
 	

 
	

074223‡	
 	

LOS ANIMAS GATHERING COMPRESSO	
 	

ELLORA OPERATING LP	
 	

BENT	
 	

CO	
 	

S2078	
 	

EDQ	
 	
$	

0.0000	
 	

100.00000	
%	

Capped 44.90 API	
 	

 
	

106918	
 	

STARK A	
 	

ELLORA OPERATING LP	
 	

BENT	
 	

CO	
 	

S2078	
 	

EDO	
 	
$	

0.0000	
 	

100.00000	
%	

Capped 44.90 API	
 	

 
	

123195	
 	

WOLLERT D #1	
 	

ELLORA OPERATING LP	
 	

BENT	
 	

CO	
 	

S2078	
 	

EDO	
 	
$	

0.0000	
 	

100.00000	
%	

Capped 44.90 API	
 	

 
	

128645	
 	

TEMPLE.B	
 	

ELLORA OPERATING LP	
 	

BENT	
 	

CO	
 	

S2078	
 	

EDQ	
 	
$	

0.0000	
 	

100.00000	
%	

Capped 44.90 API	
 	

 






	(*)
	S2078
PLAINS MARKETING LP-COLORADO SOUTHEASTERN



	(**)
	EQUAL
DAILY QUANTITIES 


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Exhibit 10.9


Crude Oil Purchase Contract