Document:

Exhibit
10.107

 

THE COMPANY HAS REQUESTED AN
ORDER FROM THE SECURITIES AND EXCHANGE COMMISSION (THE “COMMISSION”) PURSUANT
TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, GRANTING
CONFIDENTIAL TREATMENT TO SELECTED PORTIONS. 
ACCORDINGLY, THE CONFIDENTIAL PORTIONS HAVE BEEN OMITTED FROM THIS
EXHIBIT, AND HAVE BEEN FILED SEPARATELY WITH THE COMMISSION.  OMITTED PORTIONS ARE INDICATED IN THIS
EXHIBIT WITH “*****”.

 

 

Coffeyville Resources

Crude Oil Purchase Agreement
for

Ladder Energy Operated
Leases

 

There was a verbal agreement
between Coffeyville Resources Refining and Marketing, LLC (“Purchaser”) and
Ladder and Energy (“Seller”).   The
following terms were agreed to:

 

Term:  Effective March 1, 2004 for thirty days
and continuing thereafter on a month to month basis, subject to cancellation by
either party upon thirty (30) days prior written notice.  Such cancellation will be effective on the
first calendar day of the month that immediately follows the end of such thirty
(30) day notice period.

 

Quantity and Quality:  Oklahoma Sweet Lease Crude equal to all the
volumes produced by Seller from its oil and gas leases located in Nowata
County, Oklahoma.

 

Price:  The price shall be equal to Coffeyville
Resources Oklahoma Sweet Posted Price *****(1). 
The oil purchased will be deemed 40 gravity and based on Equal Daily
Quantities (EDQ).

 

Payment:  Buyer shall provide Seller a Run Statement on
or before the 10th of each month providing sales data for the
preceding month’s sales.  Payment will be
made to Seller on or before the 20th of each month
for the prior month’s sales.  Seller will
designate payment method by check or electronic transfer.

 

Direct Payment will be made
to Working Interest, Royalty and Overriding Royalty Interest owners.  The correct decimal interests will be
detailed in a paylist submitted by Seller from the prior Purchaser.

 

Delivery:  From Seller’s lease tankage to Buyer’s
designated pipeline or trucks (“designated carriers”).

 

(1) THE COMPANY HAS
REQUESTED AN ORDER FROM THE SECURITIES AND EXCHANGE COMMISSION (THE
“COMMISSION”) PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS
AMENDED, GRANTING CONFIDENTIAL TREATMENT TO SELECTED PORTIONS.  ACCORDINGLY, THE CONFIDENTIAL PORTIONS HAVE
BEEN OMITTED FROM THIS EXHIBIT, AND HAVE BEEN FILED SEPARATELY WITH THE
COMMISSION.  OMITTED PORTIONS ARE
INDICATED IN THIS EXHIBIT WITH “*****”.Exhibit 10.108

 

THE
COMPANY HAS REQUESTED AN ORDER FROM THE SECURITIES AND EXCHANGE COMMISSION (THE
“COMMISSION”) PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS
AMENDED, GRANTING CONFIDENTIAL TREATMENT TO SELECTED PORTIONS.  ACCORDINGLY, THE CONFIDENTIAL PORTIONS HAVE
BEEN OMITTED FROM THIS EXHIBIT, AND HAVE BEEN FILED SEPARATELY WITH THE
COMMISSION.  OMITTED PORTIONS ARE
INDICATED IN THIS EXHIBIT WITH “*****”.

 

 

COFFEYVILLE

RESOURCES

 

January 15, 2009

 

Mr. Lee
Vendig

EnMark
Services, Inc.

1700
Pacific Ave., Se 4500

Dallas,
TX 75201

 

Re:
Crude Oil Purchase Agreement for Ladder Energy Operated Leases

 

Dear
Lee,

 

This
letter will constitute our Lease Purchase Agreement, whereby Coffeyville
Resources Refining and Marketing, LLC (“Buyer”) agrees to purchase and Ladder
Energy (“Seller”) agrees to sell its crude oil production under the following
terms and conditions:

 

Term:
Effective February 1, 2009 for thirty days and continuing thereafter on a
month to month basis, subject to cancellation by either party upon thirty (30)
days prior written notice. Such cancellation will be-effective on the first
calendar day of the month that immediately follows the end of such thirty (30)
day notice period.

 

Quantity
and Quality: Approximately 200 b/d of Oklahoma Sweet Lease Crude equal to all
the volumes produced by Seller from its oil and gas leases located in Nowata
County, Oklahoma.

 

Price:
The price shall be equal to Coffeyville Resources Oklahoma Sweet Posted Posted
Price *****(1). The oil
purchased will be deemed 40 gravity and based on Equal Daily Quantities (EDQ).

 

Payment:
Buyer shall provide Seller a Run Statement on or before the 10th of each month
providing sales data for the preceding month’s sales. Payment will be made to
Seller on or before the 20th of each month for the prior
month’s sales. Seller will designate payment method by check or electronic
transfer.

 

Direct
payment will be made to Working Interest, Royalty and Overriding Royalty
Interest owners. The correct decimal interests will be detailed in a paylist
submitted by Seller from the prior Purchaser.

 

Delivery:
From Seller’s lease tankage to Buyer’s designated pipeline or trucks
(designated carriers”).

 

Title
and Risk of Loss: Shall pass from Seller to Buyer as the crude oil passes through
the outlet flange of lease tankage and enters Buyer’s designated carriers.

 

(1) THE
COMPANY HAS REQUESTED AN ORDER FROM THE SECURITIES AND EXCHANGE COMMISSION (THE
“COMMISSION”) PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS
AMENDED, GRANTING CONFIDENTIAL TREATMENT TO SELECTED PORTIONS.  ACCORDINGLY, THE CONFIDENTIAL PORTIONS HAVE
BEEN OMITTED FROM THIS EXHIBIT, AND HAVE BEEN FILED SEPARATELY WITH THE
COMMISSION.  OMITTED PORTIONS ARE
INDICATED IN THIS EXHIBIT WITH “*****”.

 

Coffeyville Resources, LLC  · 10 East Cambridge Circle
Drive, Suite 250 · Kansas City,
KS 66103 · 913.982.0500

www.coffeyvillecrude.com

 

 

This
Crude Oil Purchase Agreement shall be further subject to the division order(s) applicable
to crude oil produced from the above-described leases.

 

We respectfully request that the terms of the agreement be kept in
strict confidence.

 

If
the foregoing meets with your understanding, please indicate your acceptance in
the space provided and return one (1) copy for Buyer’s files.

 

 

	
  Respectfully
  submitted,

  	
   

  	
  Agreed
  and accepted this 1st
  day of February, 2009.

  
	
   

  	
   

  	
   

  
	
  /s/
  Tim Burchett

  	
   

  	
  /s/
  Patrick M. McKinney

  
	
   

  	
   

  	
  By:

  	
  Patrick
  M. McKinney

  
	
  Tim
  Burchett

  	
   

  	
  Title:

  	
  VP
  of Operations

  
	
  Senior
  Lease Crude RepresentativeExhibit
10.109

 

THE COMPANY HAS REQUESTED AN ORDER FROM THE SECURITIES AND EXCHANGE
COMMISSION (THE “COMMISSION”) PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE
ACT OF 1934, AS AMENDED, GRANTING CONFIDENTIAL TREATMENT TO SELECTED
PORTIONS.  ACCORDINGLY, THE CONFIDENTIAL
PORTIONS HAVE BEEN OMITTED FROM THIS EXHIBIT, AND HAVE BEEN FILED SEPARATELY
WITH THE COMMISSION.  OMITTED PORTIONS
ARE INDICATED IN THIS EXHIBIT WITH “*****”.

 

 

 

February 11,
2009

 

Mr. Lee
Vendig

EnMark
Services, Inc.

1700 Pacific
Ave., Se 4500

Dallas,
TX  75201

 

Re:     Crude Oil Purchase Agreement for Ladder
Energy Operated Leases

 

Dear Lee,

 

This letter
will constitute our Lease Purchase Agreement, whereby Coffeyville Resources
Refining and Marketing, LLC (“Buyer”) agrees to purchase and Ladder Energy  (“Seller”) agrees to sell its crude oil
production under the following terms and conditions:

 

Term:  Effective March 1, 2009 for thirty days
and continuing thereafter on a month to month basis, subject to cancellation by
either party upon thirty (30) days prior written notice.  Such cancellation will be effective on the
first calendar day of the month that immediately follows the end of such thirty
(30) day notice period.

 

Quantity and
Quality:  Approximately 200 b/d of Oklahoma
Sweet Lease Crude equal to all the volumes produced by Seller from its oil and
gas leases located in Nowata County, Oklahoma.

 

Price:  The price shall be equal to Coffeyville
Resources Oklahoma Sweet Posted Posted Price *****(1).   The
oil purchased will be deemed 40 gravity and based on Equal Daily Quantities
(EDQ).

 

Payment:  Buyer shall provide Seller a Run Statement on
or before the 10th of each month providing sales data for the
preceding month’s sales.  Payment will be
made to Seller on or before the 20th of each month
for the prior month’s sales.  Seller will
designate payment method by check or electronic transfer.

 

Direct payment
will be made to Working Interest, Royalty and Overriding Royalty Interest
owners.  The correct decimal interests
will be detailed in a paylist submitted by Seller from the prior Purchaser.

 

Delivery:  From Seller’s lease tankage to Buyer’s
designated pipeline or trucks (designated carriers”).

 

Title and Risk
of Loss:  Shall pass from Seller to Buyer
as the crude oil passes through the outlet flange of lease tankage and enters
Buyer’s designated carriers.

 

This Crude Oil
Purchase Agreement shall be further subject to the division order(s) applicable
to crude oil produced from the above-described leases.

 

(1) THE
COMPANY HAS REQUESTED AN ORDER FROM THE SECURITIES AND EXCHANGE COMMISSION (THE
“COMMISSION”) PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS
AMENDED, GRANTING CONFIDENTIAL TREATMENT TO SELECTED PORTIONS.  ACCORDINGLY, THE CONFIDENTIAL PORTIONS HAVE
BEEN OMITTED FROM THIS EXHIBIT, AND HAVE BEEN FILED SEPARATELY WITH THE
COMMISSION.  OMITTED PORTIONS ARE
INDICATED IN THIS EXHIBIT WITH “*****”.

 

Coffeyville
Resources, LLC  · 10 East Cambridge Circle
Drive, Suite 250 · Kansas City, KS 66103 · 913.982.0500

www.coffeyvillecrude.com

 

 

We
respectfully request that the terms of the agreement be kept in strict
confidence.

 

If the
foregoing meets with your understanding, please indicate your acceptance in the
space provided and return one (1) copy for Buyer’s files.

 

 

	
  Respectfully
  submitted,

  	
   

  	
  Agreed and
  accepted this    day of
                  ,
  2009.

  
	
   

  	
   

  	
   

  
	
  /s/ Tim
  Burchett

  	
   

  	
  /s/ Patrick
  M. McKinney

  
	
   

  	
   

  	
   

  
	
  Tim Burchett

  	
   

  	
  By: Patrick
  M. McKinney

  
	
  Senior Lease
  Crude Representative

  	
   

  	
  Title: VP of
  Operations

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