exv4w27



 






Exhibit 4.27




 

 










DEVON OEI OPERATING, INC.

as Issuer,




DEVON ENERGY PRODUCTION COMPANY, L.P.

as Successor Guarantor




and




THE BANK OF NEW YORK TRUST COMPANY, N.A.,

as Trustee




      





THIRD SUPPLEMENTAL INDENTURE




Dated as of December 31, 2005




      





Supplementing the Indenture dated as of September 1, 1997




7 1/2% Senior Notes due 2027




 

 










 









 





     This THIRD SUPPLEMENTAL INDENTURE, dated as of December 31, 2005 (this “Third Supplemental
Indenture”), is by and among Devon OEI Operating, Inc. (f/k/a Ocean Energy, Inc.), a Delaware
corporation (the “Company”), as successor to Ocean Energy, Inc. (f/k/a Seagull Energy
Corporation), a Texas Corporation (“Old Ocean”), Devon Energy Production Company, L.P., an
Oklahoma limited partnership (the “Guarantor”), and The Bank of New York Trust Company,
N.A., as successor to The Bank of New York, as trustee (the “Trustee”).



RECITALS OF THE COMPANY




     Whereas, Old Ocean, as issuer, executed and delivered to the Trustee the Senior Indenture,
dated as of September 1, 1997 (the “Indenture”), providing for the issuance of an aggregate
principal amount of $150,000,000 of 7 1/2% Senior Notes due 2027 (the “Securities”); and



     WHEREAS, Old Ocean, as issuer, and Devon Louisiana Corporation (f/k/a Ocean Energy, Inc.), a
Louisiana corporation (“OEI Sub”), as subsidiary guarantor, executed and delivered the
First Supplemental Indenture, dated as of March 30, 1999, to the Trustee, adding Article Thirteen
to the Indenture and providing for the creation of a Subsidiary Guarantee by OEI Sub; and



     WHEREAS, following the merger of Old Ocean with and into the Company, the Company, as issuer,
and OEI Sub, as subsidiary guarantor, executed and delivered the Second Supplemental Indenture,
dated as of May 9, 2001, to the Trustee, providing for the assumption by the Company of all of the
obligations of Old Ocean under the Securities and the Indenture; and



     WHEREAS, the Guarantor is the surviving entity of the merger (the “Merger”) of OEI Sub
with and into the Guarantor that occurred on December 31, 2005; and



     WHEREAS, Section 13.3 of the Indenture, requires the Person (if other than OEI Sub) surviving
a merger involving OEI Sub to assume, pursuant to a supplemental indenture in a form reasonably
satisfactory to the Trustee, all of the obligations of OEI Sub under the Securities and the
Indenture.



     NOW, THEREFORE, the Company, the Guarantor and the Trustee mutually covenant and agree:



ARTICLE 1

ASSUMPTION




     The Guarantor hereby assumes all of the obligations of OEI Sub under the Securities and the
Indenture.



 









 





ARTICLE 2

MISCELLANEOUS PROVISIONS




     2.1 Relation to the Indenture. The provisions of this Third Supplemental Indenture
shall become effective as of the effective time of the Merger. This Third Supplemental Indenture
and all terms and provisions contained in it shall form a part of the Indenture as fully and with
the same effect as if all such terms and provisions had been set forth in the Indenture. The
Indenture, as previously supplemented, is hereby ratified and confirmed in all respects and shall
remain and continue in full force and effect in accordance with the provisions thereof, as
supplemented by this Third Supplemental Indenture. The Indenture, as previously supplemented, and
this Third Supplemental Indenture shall be read, taken and construed together as one instrument.



     2.2 Responsibility for Recitals, Etc. The recitals in this Third Supplemental
Indenture shall be taken as statements of the Company, and the Trustee assumes no responsibility
for the correctness thereof. The Trustee makes no representations as to the validity or
sufficiency of this Third Supplemental Indenture.



     2.3 Provisions Binding on Guarantor’s Successors. All of the covenants, stipulations,
promises and agreements in this Third Supplemental Indenture by the Guarantor shall bind its
successors and assigns, whether so expressed or not.



     2.4 New York Contract. THIS THIRD SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAWS
AND PRINCIPLES THEREOF.



     2.5 Execution and Counterparts. This Third Supplemental Indenture may be executed
with counterpart signature pages, each of which shall be an original but both of which shall
together constitute but one and the same instrument.



     2.6 Capitalized Terms. Capitalized terms not otherwise defined in this Third
Supplemental Indenture shall have the respective meanings assigned to them in the Indenture.



[Signature page follows]




3









 








     IN WITNESS WHEREOF, the Company, the Guarantor and the Trustee have caused this Third
Supplemental Indenture to be duly executed as of the date first above written.



	 	 	 	 	 	 	 
	 	 	DEVON OEI OPERATING, INC.,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	     /s/ Jeffrey A. Agosta	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Jeffrey A. Agosta	 	 
	 

	 	Title:
	 	Vice President and Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	DEVON ENERGY PRODUCTION COMPANY, L.P.,	 	 
	 	 	an Oklahoma limited partnership	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	     /s/ Jeffrey A. Agosta	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Jeffrey A. Agosta	 	 
	 

	 	Title:
	 	Vice President and Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	THE BANK OF NEW YORK TRUST COMPANY, N.A.,	 	 
	 	 	as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	     /s/ John C. Stohlmann	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	John C. Stohlmann	 	 
	 

	 	Title:
	 	Vice President	 	 







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