Document:

Exhibit 4.2(b)

                              GEORGIA POWER COMPANY

                                       TO

                           THE CHASE MANHATTTAN BANK,
                                    TRUSTEE.

                         SEVENTH SUPPLEMENTAL INDENTURE

                          DATED AS OF FEBRUARY 1, 2001

                                  $150,000,000

                           SERIES G 6.20% SENIOR NOTES

                              DUE FEBRUARY 1, 2006

<PAGE>

TABLE OF CONTENTS 1

                                                                   PAGE

ARTICLE 1...............................................................2

SECTION 101. Establishment..............................................2

SECTION 102. Definitions................................................2

SECTION 103. Payment of Principal and Interest..........................3

SECTION 104. Denominations..............................................3

SECTION 105. Global Securities..........................................3

SECTION 106. Transfer...................................................4

ARTICLE 2...............................................................4

SECTION 201. Recitals by Company........................................4

SECTION 202. Ratification and Incorporation of Original Indenture.......4

SECTION 203. Executed in Counterparts...................................5

1  This Table of Contents does not constitute part of the Indenture or have any
   bearing upon the interpretation of any of its terms and provisions.

<PAGE>

                THIS SEVENTH SUPPLEMENTAL INDENTURE is made as of the 1st day of
February, 2001, by and between GEORGIA POWER COMPANY, a Georgia corporation, 241
Ralph McGill Boulevard, N.E., Atlanta, Georgia 30308-3374 (the
"Company"), and THE CHASE MANHATTAN BANK, a New York banking corporation, 450
West 33rd Street, New York, New York 10001 (the "Trustee").

                              W I T N E S S E T H:

                  WHEREAS, the Company has heretofore entered into a Senior Note
Indenture, dated as of January 1, 1998 (the "Original Indenture"), with The
Chase Manhattan Bank, as supplemented by a First Supplemental Indenture, dated
as of January 27, 1998 (the "First Supplemental Indenture"), with The Chase
Manhattan Bank, by a Second Supplemental Indenture, dated as of November 25,
1998 (the "Second Supplemental Indenture"), with The Chase Manhattan Bank, by a
Third Supplemental Indenture, dated as of December 1, 1998 (the "Third
Supplemental Indenture"), with The Chase Manhattan Bank, by a Fourth
Supplemental Indenture, dated as of March 9, 1999 (the "Fourth Supplemental
Indenture"), with The Chase Manhattan Bank, by a Fifth Supplemental Indenture,
dated as of February 22, 2000 (the "Fifth Supplemental Indenture"), with The
Chase Manhattan Bank and by a Sixth Supplemental Indenture, dated as of February
1, 2001 (the "Sixth Supplemental Indenture"), with The Chase Manhattan Bank;

                  WHEREAS, the Original Indenture is incorporated herein by this
reference and the Original Indenture, as supplemented by the First Supplemental
Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture,
the Fourth Supplemental Indenture, the Fifth Supplemental Indenture, the Sixth
Supplemental Indenture and this Seventh Supplemental Indenture, is herein called
the "Indenture";

                  WHEREAS,  under  the  Original  Indenture,  a new  series  of
Senior  Notes  may at any  time be established by the Board of Directors of the
Company in accordance  with the  provisions of the Original  Indenture
and the terms of such series may be described by a supplemental indenture
executed by the Company and the Trustee;

                  WHEREAS, the Company proposes to create under the Indenture a
new series of Senior Notes;

                  WHEREAS,  additional  Senior  Notes of  other  series
hereafter  established,  except  as may be limited in the Original  Indenture
as at the time  supplemented  and  modified,  may be issued from time to time
pursuant to the Indenture as at the time supplemented and modified; and

                  WHEREAS, all conditions necessary to authorize the execution
and delivery of this Seventh Supplemental Indenture and to make it a valid and
binding obligation of the Company have been done or performed.

<PAGE>

                  NOW, THEREFORE, in consideration of the agreements and
obligations set forth herein and for other good and valuable consideration, the
sufficiency of which is hereby acknowledged, the parties hereto hereby agree as
follows:

                                    ARTICLE 1

                              Series G Senior Notes

         SECTION 101. Establishment. There is hereby established a new series of
Senior Notes to be issued under the Indenture, to be designated as the Company's
Series G 6.20% Senior Notes due February 1, 2006 (the "Series G Notes").

         There are to be authenticated and delivered $150,000,000 principal
amount of Series G Notes, and no further Series G Notes shall be authenticated
and delivered except as provided by Sections 203, 303, 304, 907 or 1107 of the
Original Indenture. The Series G Notes shall be issued in definitive fully
registered form.

         The Series G Notes shall be issued in the form of one Global Security
in substantially the form set out in Exhibit A hereto. The Depositary with
respect to the Series G Notes shall be The Depository Trust Company.

         The form of the Trustee's Certificate of Authentication for the Series
G Notes shall be in substantially the form set forth in Exhibit B hereto.

         Each Series G Note shall be dated the date of authentication thereof
and shall bear interest from the date of original issuance thereof or from the
most recent Interest Payment Date to which interest has been paid or duly
provided for.

         The Series G Notes will not be redeemable at the option of the Company
prior to maturity and will not have a sinking fund.

         SECTION 102. Definitions. The following defined terms used herein
shall, unless the context otherwise requires, have the meanings specified below.
Capitalized terms used herein for which no definition is provided herein shall
have the meanings set forth in the Original Indenture.

         "Interest Payment Dates" means February 1 and August 1 of each year.

         "Original Issue Date" means February 1, 2001.

         "Regular Record Date" means, with respect to each Interest Payment
Date, the close of business on the 15th calendar day preceding such Interest
Payment Date.

         "Stated Maturity" means February 1, 2006.

<PAGE>

         SECTION 103. Payment of Principal and Interest. The principal of the
Series G Notes shall be due at Stated Maturity. The unpaid principal amount of
the Series G Notes shall bear interest at the rate of 6.20% per annum until paid
or duly provided for. Interest shall be paid semiannually in arrears on each
Interest Payment Date to the Person in whose name the Series G Notes are
registered on the Regular Record Date for such Interest Payment Date, provided
that interest payable at the Stated Maturity of principal as provided herein
will be paid to the Person to whom principal is payable. Any such interest that
is not so punctually paid or duly provided for will forthwith cease to be
payable to the Holders on such Regular Record Date and may either be paid to the
Person or Persons in whose name the Series G Notes are registered at the close
of business on a Special Record Date for the payment of such defaulted interest
to be fixed by the Trustee, notice whereof shall be given to Holders of the
Series G Notes not less than ten (10) days prior to such Special Record Date, or
be paid at any time in any other lawful manner not inconsistent with the
requirements of any securities exchange, if any, on which the Series G Notes
shall be listed, and upon such notice as may be required by any such exchange,
all as more fully provided in the Original Indenture.

         Payments of interest on the Series G Notes will include interest
accrued to but excluding the respective Interest Payment Dates. Interest
payments for the Series G Notes shall be computed and paid on the basis of a
360-day year of twelve 30-day months. In the event that any date on which
interest is payable on the Series G Notes is not a Business Day, then a payment
of the interest payable on such date will be made on the next succeeding day
that is a Business Day, with the same force and effect as if made on the date
the payment was originally payable.

         Payment of the principal and interest due at the Stated Maturity of the
Series G Notes shall be made upon surrender of the Series G Notes at the
Corporate Trust Office of the Trustee. The principal of and interest on the
Series G Notes shall be paid in such coin or currency of the United States of
America as at the time of payment is legal tender for payment of public and
private debts. Payments of interest (including interest on any Interest Payment
Date) will be made, subject to such surrender where applicable, at the option of
the Company, (i) by check mailed to the address of the Person entitled thereto
as such address shall appear in the Security Register or (ii) by wire transfer
at such place and to such account at a banking institution in the United States
as may be designated in writing to the Trustee at least sixteen (16) days prior
to the date for payment by the Person entitled thereto.

         SECTION  104.  Denominations.  The Series G Notes may be issued in the
denominations  of  $1,000,  or any integral multiple thereof.

         SECTION 105. Global Securities. The Series G Notes will be issued in
the form of one or more Global Securities registered in the name of the
Depositary (which shall be The Depository Trust Company) or its nominee. Except
under the limited circumstances described below, Series G Notes represented by
the Global Security will not be exchangeable for, and will not otherwise be
issuable as, Series G Notes in definitive form. The Global Securities described
above may not be transferred except by the Depositary to a nominee of the
Depositary or by a nominee of the Depositary to the Depositary or another
nominee of the Depositary or to a successor Depositary or its nominee.

<PAGE>

         Owners of beneficial interests in such a Global Security will not be
considered the Holders thereof for any purpose under the Indenture, and no
Global Security representing a Series G Note shall be exchangeable, except for
another Global Security of like denomination and tenor to be registered in the
name of the Depositary or its nominee or to a successor Depositary or its
nominee. The rights of Holders of such Global Security shall be exercised only
through the Depositary.

         A Global Security shall be exchangeable for Series G Notes registered
in the names of persons other than the Depositary or its nominee only if (i) the
Depositary notifies the Company that it is unwilling or unable to continue as a
Depositary for such Global Security and no successor Depositary shall have been
appointed by the Company, or if at any time the Depositary ceases to be a
clearing agency registered under the Securities Exchange Act of 1934, as
amended, at a time when the Depositary is required to be so registered to act as
such Depositary and no successor Depositary shall have been appointed by the
Company, in each case within 90 days after the Company receives such notice or
becomes aware of such cessation, (ii) the Company in its sole discretion
determines that such Global Security shall be so exchangeable, or (iii) there
shall have occurred an Event of Default with respect to the Series G Notes. Any
Global Security that is exchangeable pursuant to the preceding sentence shall be
exchangeable for Series G Notes registered in such names as the Depositary shall
direct.

         SECTION 106. Transfer. No service charge will be made for any transfer
or exchange of Series G Notes, but payment will be required of a sum sufficient
to cover any tax or other governmental charge that may be imposed in connection
therewith.

                                    ARTICLE 2

                            Miscellaneous Provisions

         SECTION 201. Recitals by Company. The recitals in this Seventh
Supplemental Indenture are made by the Company only and not by the Trustee, and
all of the provisions contained in the Original Indenture in respect of the
rights, privileges, immunities, powers and duties of the Trustee shall be
applicable in respect of Series G Notes and of this Seventh Supplemental
Indenture as fully and with like effect as if set forth herein in full.

         SECTION 202. Ratification and Incorporation of Original Indenture. As
heretofore supplemented by the First Supplemental Indenture, the Second
Supplemental Indenture, the Third Supplemental Indenture, the Fourth
Supplemental Indenture, the Fifth Supplemental Indenture and the Sixth
Supplemental Indenture and as supplemented hereby, the Original Indenture is in
all respects ratified and confirmed, and the Original Indenture, the First
Supplemental Indenture, the Second Supplemental Indenture, the Third
Supplemental Indenture, the Fourth Supplemental Indenture, the Fifth
Supplemental Indenture, the Sixth Supplemental Indenture and this Seventh
Supplemental Indenture shall be read, taken and construed as one and the same
instrument.

         SECTION 203. Executed in Counterparts. This Seventh Supplemental
Indenture may be simultaneously executed in several counterparts, each of which
shall be deemed to be an original, and such counterparts shall together
constitute but one and the same instrument.

<PAGE>

                  IN WITNESS WHEREOF, each party hereto has caused this
instrument to be signed in its name and behalf by its duly authorized officers,
all as of the day and year first above written.

ATTEST:                          GEORGIA POWER COMPANY

By:                                     By:
      Wayne Boston                            Judy M. Anderson
      Assistant Secretary            Vice President and Corporate Secretary

ATTEST:                       THE CHASE MANHATTAN BANK, as Trustee

By:                                      By:

         Virginia Dominguez                       R. Lorenzen
         Trust Officer                       Assistant Vice President

<PAGE>

                                    EXHIBIT A

                              FORM OF SERIES G NOTE

<PAGE>

NO. 1                                                     CUSIP NO. 373334FF3

                              GEORGIA POWER COMPANY
                           SERIES G 6.20% SENIOR NOTE
                                               DUE FEBRUARY 1, 2006

   Principal Amount:           $_____________

   Regular Record Date:        15th calendar day prior to Interest Payment Date

   Original Issue Date:        February 1, 2001

   Stated Maturity:            February 1, 2006

   Interest Payment Dates:     February 1 and August 1

   Interest Rate:              6.20% per annum

   Authorized Denomination:    $1,000

         Georgia Power Company, a Georgia corporation (the "Company", which term
includes any successor corporation under the Indenture referred to on the
reverse hereof), for value received, hereby promises to pay to
_______________________________________________, or registered assigns, the
principal sum of _________ DOLLARS ($__________) on the Stated Maturity shown
above, and to pay interest thereon from the Original Issue Date shown above, or
from the most recent Interest Payment Date to which interest has been paid or
duly provided for, semiannually in arrears on each Interest Payment Date as
specified above, commencing on the Interest Payment Date next succeeding the
Original Issue Date shown above and on the Stated Maturity at the rate per annum
shown above until the principal hereof is paid or made available for payment and
on any overdue principal and on any overdue installment of interest. The
interest so payable, and punctually paid or duly provided for, on any Interest
Payment Date (other than an Interest Payment Date that is the Stated Maturity)
will, as provided in such Indenture, be paid to the Person in whose name this
Note (the "Note") is registered at the close of business on the Regular Record
Date as specified above next preceding such Interest Payment Date, provided that
any interest payable at Stated Maturity will be paid to the Person to whom
principal is payable. Except as otherwise provided in the Indenture, any such
interest not so punctually paid or duly provided for will forthwith cease to be
payable to the Holder on such Regular Record Date and may either be paid to the
Person in whose name this Note is registered at the close of business on a
Special Record Date for the payment of such defaulted interest to be fixed by
the Trustee, notice whereof shall be given to Holders of Notes of this series
not less than 10 days prior to such Special Record Date, or be paid at any time
in any other lawful manner not inconsistent with the requirements of any
securities exchange, if any, on which the Notes of this series shall be listed,
and upon such notice as may be required by any such exchange, all as more fully
provided in the Indenture.

<PAGE>

         Payments of interest on this Note will include interest accrued to but
excluding the respective Interest Payment Dates. Interest payments for this Note
shall be computed and paid on the basis of a 360-day year of twelve 30-day
months. In the event that any date on which interest is payable on this Note is
not a Business Day, then payment of the interest payable on such date will be
made on the next succeeding day that is a Business Day, with the same force and
effect as if made on the date the payment was originally payable. A "Business
Day" shall mean any day other than a Saturday or a Sunday or a day on which
banking institutions in New York City are authorized or required by law or
executive order to remain closed or a day on which the Corporate Trust Office of
the Trustee is closed for business.

         Payment of the principal of and interest due at the Stated Maturity of
the Series G Notes shall be made upon surrender of the Series G Notes at the
Corporate Trust Office of the Trustee. The principal of and interest on the
Series G Notes shall be paid in such coin or currency of the United States of
America as at the time of payment is legal tender for payment of public and
private debts. Payment of interest (including interest on an Interest Payment
Date) will be made, subject to such surrender where applicable, at the option of
the Company, (i) by check mailed to the address of the Person entitled thereto
as such address shall appear in the Security Register or (ii) by wire transfer
at such place and to such account at a banking institution in the United States
as may be designated in writing to the Trustee at least 16 days prior to the
date for payment by the Person entitled thereto.

         REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET
FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES
HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE.

         Unless the certificate of authentication hereon has been executed by
the Trustee by manual signature, this Note shall not be entitled to any benefit
under the Indenture or be valid or obligatory for any purpose.

<PAGE>

         IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal.

Dated:

                                         GEORGIA POWER COMPANY

                                        By:
                                        Name:
                                        Title:

Attest:

Title:

                  {Seal of GEORGIA POWER COMPANY appears here}

<PAGE>

                          CERTIFICATE OF AUTHENTICATION

         This is one of the Senior Notes referred to in the within-mentioned
Indenture.

                             THE CHASE MANHATTAN BANK,
                              as Trustee

           By:
                   Authorized Officer

<PAGE>

                             (Reverse Side of Note)

         This Note is one of a duly authorized issue of Senior Notes of the
Company (the "Notes"), issued and issuable in one or more series under a Senior
Note Indenture, dated as of January 1, 1998, as supplemented (the "Indenture"),
between the Company and The Chase Manhattan Bank, Trustee (the "Trustee," which
term includes any successor trustee under the Indenture), to which Indenture and
all indentures incidental thereto reference is hereby made for a statement of
the respective rights, limitation of rights, duties and immunities thereunder of
the Company, the Trustee and the Holders of the Notes issued thereunder and of
the terms upon which said Notes are, and are to be, authenticated and delivered.
This Note is one of the series designated on the face hereof as Series G 6.20%
Senior Notes due February 1, 2006 (the "Series G Notes") in the aggregate
principal amount of up to $150,000,000. Capitalized terms used herein for which
no definition is provided herein shall have the meanings set forth in the
Indenture.

         The Series G Notes will not have a sinking fund.

         The Series G Notes will not be redeemable at the option of the Company
prior to the Stated Maturity.

         If an Event of Default with respect to the Notes of this series shall
occur and be continuing, the principal of the Notes of this series may be
declared due and payable in the manner, with the effect and subject to the
conditions provided in the Indenture.

         The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Notes of each series to be affected
under the Indenture at any time by the Company and the Trustee with the consent
of the Holders of not less than a majority in principal amount of the Notes at
the time Outstanding of each series to be affected. The Indenture also contains
provisions permitting the Holders of specified percentages in principal amount
of the Notes of each series at the time Outstanding, on behalf of the Holders of
all Notes of such series, to waive compliance by the Company with certain
provisions of the Indenture and certain past defaults under the Indenture and
their consequences. Any such consent or waiver by the Holder of this Note shall
be conclusive and binding upon such Holder and upon all future Holders of this
Note and of any Note issued upon the registration of transfer hereof or in
exchange hereof or in lieu hereof, whether or not notation of such consent or
waiver is made upon this Note.

         No reference herein to the Indenture and no provision of this Note or
of the Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of and interest on this Note at
the times, place and rate, and in the coin or currency, herein prescribed.

         As provided in the Indenture and subject to certain limitations therein
set forth, the transfer of this Note is registrable in the Security Register,
upon surrender of this Note for registration of transfer at the office or agency
of the Company for such purpose, duly endorsed by, or accompanied by a written

<PAGE>

instrument of transfer in form satisfactory to the Company and the Security
Registrar and duly executed by, the Holder hereof or his attorney duly
authorized in writing, and thereupon one or more new Notes of this series, of
authorized denominations and of like tenor and for the same aggregate principal
amount, will be issued to the designated transferee or transferees. No service
charge shall be made for any such registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.

         Prior to due presentment of this Note for registration of transfer, the
Company, the Trustee and any agent of the Company or the Trustee may treat the
Person in whose name this Note is registered as the owner hereof for all
purposes, whether or not this Note be overdue, and neither the Company, the
Trustee nor any such agent shall be affected by notice to the contrary.

         The Notes of this series are issuable only in registered form without
coupons in denominations of $1,000 and any integral multiple thereof. As
provided in the Indenture and subject to certain limitations therein set forth,
Notes of this series are exchangeable for a like aggregate principal amount of
Notes of this series of a different authorized denomination, as requested by the
Holder surrendering the same upon surrender of the Note or Notes to be exchanged
at the office or agency of the Company.

         This Note shall be governed by, and construed in accordance with, the
internal laws of the State of New York.

<PAGE>

                                  ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this
instrument, shall be construed as though they were written out in full according
to applicable laws or regulations:

<PAGE>

TEN COM- as tenants in       UNIF GIFT MIN ACT- _______ Custodian ________
         common                                         (Cust)       (Minor)
TEN ENT- as tenants by the
         entireties                                  under Uniform Gifts to
 JT TEN- as joint tenants                                     Minors Act
         with right of
         survivorship and                            ________________________
         not as tenants                                         (State)
         in common

                    Additional abbreviations may also be used
                          though not on the above list.

         FOR VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto

(please insert Social Security or other identifying number of assignee)

PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE OF
ASSIGNEE

the within Note and all rights thereunder, hereby irrevocably constituting and
appointing agent to transfer said Note on the books of the Company, with full
power of substitution in the premises.

Dated:

                    NOTICE: The signature to this
                    assignment must correspond with the
                    name as written upon the face of the
                    within instrument in every
                    particular without alteration or
                    enlargement, or any change whatever.

<PAGE>

                                    EXHIBIT B

                          CERTIFICATE OF AUTHENTICATION

         This is one of the Senior Notes referred to in the within-mentioned
Indenture.

              THE CHASE MANHATTAN BANK,
              as Trustee

              By:
                       Authorized OfficerINVESTMENT REPRESENTATION AGREEMENT

Delta Petroleum Corporation
C/O 555 17th Street, Suite 3310
Denver, Colorado 80202

Gentlemen:

     1.    Subscription.   The Undersigned, EVERGREEN  RESOURCES,
INC.  ("Evergreen"  or "Undersigned") and its  designees,  hereby
agrees  to  acquire from Delta Petroleum Corporation ("Delta"  or
the  "Company")  116,667  shares of the restricted  and  legended
common  stock  of  Delta (collectively the "Securities")  for  an
aggregate   of  $350,000  in  a  private  negotiated  transaction
pursuant  to  Section  3(b)  and/or 4(2)  of  the  Act  (and  the
regulations  promulgated  thereunder)  and/or  other   applicable
statute, rule and\or regulation.  Closing, including delivery  of
the  Securities  and payment therefore, shall take  place  as  of
January 3, 2001.

     2.     Representations  and  Warranties.   The   Undersigned
warrants and represents to the Company that:

          a.     The   Securities  are  being  acquired  by   the
Undersigned for investment for its own account, and  not  with  a
view  to  the  offer  or  sale in connection  therewith,  or  the
distribution  thereof, and that the Undersigned is not  now,  and
will  not in the future, participate, directly or indirectly,  in
an underwriting of any such undertaking except in compliance with
applicable registration provisions of the Act.

          b.    The  Undersigned will not take, or  cause  to  be
taken, any action that would cause it to be deemed an underwriter
of  the Securities, as defined in Section 2(11) of the Securities
Act of 1933, as amended (the "Act").

          c.    The  Undersigned has been afforded an opportunity
to  examine such documents and obtain such information concerning
the   Company  as  it  may  have  requested,  including   without
limitation  all publicly available information, and has  had  the
opportunity   to   request  such  other  information   (and   all
information  so requested has been provided) for the  purpose  of
verifying the information furnished to it and for the purpose  of
answering  any question it may have had concerning  the  business
affairs  of the Company and it has reviewed to the extent desired
by   it   the  Articles,  Bylaws  and  Minutes  of  the  Company,
documentation  concerning  the  Company's  financial   condition,
assets,  liabilities,  share  ownership  and  capital  structure,
operations,  sales,  management, public market,  public  filings,
litigation and other material contracts and matters.

     d.    The  Undersigned (and its officers,  directors  and/or
agents, as applicable) have had an opportunity to personally  ask
questions  of,  and  receive answers from, one  or  more  of  the
officers  and  directors of the Company and/or the attorneys  for
the Company to ascertain and verify the accuracy and completeness
of  all  material information regarding the Company, its business
and  its officers, directors, and promoters.  The Undersigned has
had  an opportunity to ask questions of and receive answers  from
duly  designated  representatives of the Company  concerning  the
terms  and conditions pursuant to which the Securities are  being
acquired by it.

     e.   The Undersigned understands that its acquisition of the
Securities from the Company is a negotiated private transaction.

     f.    By  reason  of  the knowledge and  experience  of  the
Undersigned  (and  that of its officers and directors  and  their
respective  advisors  and investment bankers)  in  financial  and
business matters in general, and investments in particular, it is
capable  of  evaluating the merits and risks of an investment  in
the Securities.

     g.    The  Undersigned  is capable of bearing  the  economic
risks of an investment in the Securities.

     h.    The Undersigned's present financial condition is  such
that  it  is  under  no present or contemplated  future  need  to
dispose  of any portion of the Securities to satisfy any existing
or contemplated undertaking, need or indebtedness.

     i.    If required to do so, it has retained to advise it, as
to  the  merits  and  risks of a prospective  investment  in  the
Securities, a purchaser representative, legal counsel,  financial
and accounting advisors, investment bankers, etc.

     j.    The Undersigned hereby represents and warrants to  the
Company   that   all  of  the  representations,  warranties   and
acknowledgements contained in this agreement, and the agreements,
if  any,  to  which this document is attached as an  exhibit  are
true,   accurate  and  complete  as  of  the  date   herein   and
acknowledges  that the Company, its officers, directors,  agents,
and  affiliates have relied on its representations and warranties
herein  in consenting to the restricted issuance and/or  transfer
of  the Securities and the Undersigned hereby agrees to indemnify
and  hold  the  Company  (together with its officers,  directors,
agents  and  affiliates) harmless with respect  to  any  and  all
expenses,  claims  or  litigation (including  without  limitation
reasonable  attorney's  fees related  thereto)  arising  from  or
related  to breach of this agreement including without limitation
breach of any warranty or representation herein.

     3.     Restrictions.    The  Undersigned  acknowledges   and
understands that the Securities are unregistered and must be held
indefinitely by the Undersigned and/or its assignees unless  they
are  subsequently registered under the Act or an  exemption  from
such   registration   is  available.   The  Undersigned   further
acknowledges that it is fully aware of the applicable limitations
on  the  resale of the Securities.  For instance, Rule  144  (the
"Rule")  permits sales of "Restricted Securities"  held  for  not
less than two years and upon compliance with the requirements  of
such  Rule.   Further, the Securities must be sold in  an  active
market  and appropriate information relating to the Company  must
be  generally  available  in order to  effectuate  a  transaction
pursuant to the Rule by an affiliate of the Company.  Any and all
certificates  representing  the  Securities  and  any   and   all
securities  issued  in replacement or conversion  thereof  or  in
exchange  thereof  shall  bear  the  following  legend,  or   one
substantially similar thereto, which the Undersigned has read and
understands:

     The Securities represented by this Certificate have not been
     registered under the Securities Act of 1933 (the "Act")  and
     are  "restricted securities" as that term is defined in Rule
     144  under  the Act.  The Securities may not be offered  for
     sale,  sold or otherwise transferred except pursuant  to  an
     effective  registration statement under the Act or  pursuant
     to  an  exemption  from  registration  under  the  Act,  the
     availability   of  which  is  to  be  established   to   the
     satisfaction of the Company.

     4.    Registration  Rights. Subject to the  approval  of  an
underwriter,  if any, involved in a registration  relating  to  a
public  offering of the Company's securities, in the  event  that
the  Company  shall  file a registration  statement  (or  similar
document)  with  the U.S. Securities & Exchange Commission  on  a
form  which  would legally allow inclusion of the  shares  issued
pursuant  hereto, the Company shall include such shares  in  such
registration statement, at the Company's sole cost.

     5.    Successors  and  Assigns.   This  agreement  shall  be
binding upon and shall inure to the benefit of the parties hereto
and  to  the  successors and assigns of the Company  and  to  the
personal  and legal representatives, heirs, guardians, successors
and permitted assignees of the Undersigned.

     6.    Applicable Law.  This agreement shall be  governed  by
and  construed  in  accordance with the  laws  of  the  State  of
Colorado  and,  to  the  extent it  involves  any  United  States
statute,  in  accordance with the laws of the United States,  and
jurisdiction and venue for any dispute related hereto shall be in
the District Court for the City and County of Denver, Colorado.

                                        EVERGREEN RESOURCES, INC.

Evergreen Resources, Inc.           By:  s/Mark S. Sexton
Typed or Printed Name                        Signature Mark S. Sexton
                                                        President/CEO

        84-0834147                       1401 17th Street, Suite 1200
Social Security or Tax                       Address
Identification Number

                                          Denver,    Colorado     80202
                                          City, State and Zip Code

ACCEPTED:

DELTA PETROLEUM CORPORATION

By: s/Aleron H. Larson, Jr.

Dated:  January 3, 2001

                             OPTION

     Effective   January   3,   2001  for   good   and   valuable
consideration  the  receipt  of  which  is  hereby  acknowledged,
Evergreen  Resources,  Inc. ("Evergreen") is  hereby  granted  an
option  ("Option"), until September 30, 2001 to  acquire  50%  of
those  property  interests owned by Delta  Petroleum  Corporation
("Delta")  which  are  listed  on the  attached  Exhibit  A  (the
"Properties")  by  transferring  to  Delta  the  116,667   shares
purchased   by   Evergreen  under  an  Investment  Representation
Agreement  of even date herewith.  Delta will warrant and  defend
title  against all persons claiming title thereto through  Delta.
In  the event that Evergreen exercises its option to acquire  the
Properties,  Delta  will  assign  50%  of  its  interest  in  the
Properties to Evergreen subject to its proportionate share of the
reserved production payment in favor of Burdette A. Ogle ("Ogle")
described  in  the  copies of the documents attached  hereto  and
listed below (the "Documents").

     The  Documents provide for the reservation of  an  undivided
three  percent  (3%) of substances produced from  the  Properties
("Production  Payment") until an aggregate amount  of  $8,000,000
(or  a  reduced amount as provided in the Documents under certain
circumstances)  has  been paid to Ogle or his  successors  either
from  any  production  attributable to the  reserved  3%  or  the
minimum  annual  advanced payment ("Minimum  Payment")  discussed
below.   The  Documents  further provide  that,  irrespective  of
whether  the  Properties are producing or  non-producing  at  any
time, that Ogle shall be paid a Minimum Payment in the amount  of
$350,000 per year.  This Minimum Payment may be composed  of  the
proceeds  from the production of the reserved 3%, a  direct  cash
payment  or a combination thereof.  Upon exercise of its  option,
Evergreen will assume and agree to pay the direct cash portion of
the  Minimum  Payment under the terms set forth in the  Documents
until  the production proceeds from the reserved 3% from 100%  of
the Properties are adequate to cover the Minimum Payment.  It  is
provided, however, that Evergreen shall be responsible  only  for
payment  of the cash portion of the Minimum Payment with  respect
to  the  Properties  and  that  the reserved  Production  Payment
derived  from the reservation of an undivided three percent  (3%)
of  substances produced from the Properties shall burden  and  be
paid  from  100%  of the substances produced from the  Properties
equally and proportionately regardless of ownership.

     Delta  represents  that it has paid $1,900,000  to  date  in
Minimum  Payments, thereby correspondingly reducing  the  maximum
aggregate amount due under the Production Payment from $8,000,000
to  $6,100,000.  Each successive payment shall further reduce the
remaining amount due under the Production Payment.

     The following Document copies are attached hereto:

     *    Lease interests Purchase Option Agreement between Delta
          and Ogle;
     *    Purchase and Sale Agreement between Delta and Ogle;
     *    Assignments  from Ogle to Delta for interests  in  OCS-
          P409, OCS-P0415,
          OCS-P-0416, OCS-P0421, OCS-P0422, OCS-P0460, OCS-P0462,
          and OCS-P464;

          In the event Evergreen exercises its Option, the parties will
enter  into  agreements and assignments in the  format  of  those
included in the attached Documents.

     Until  September 30, 2001, or the exercise  of  the  Option,
whichever  occurs first, Delta agrees: 1) that it  will  pay  all
costs  associated  with  or derived from  the  ownership  of  the
Properties,  including  payments  to  Ogle  as  provided  in  the
attached  Documents; 2) that it will not otherwise  encumber  the
Properties  or  allow  the Properties to  be  encumbered  in  any
fashion  through  operation  of law or  otherwise  except  as  is
already  provided in the attached documents in favor of Ogle  and
his successors.

     In the event of any failure by Delta to pay costs associated
with  or derived from the ownership of the Properties or  in  the
event  of  the placement of any encumbrance upon the  Properties,
Delta will notify Evergreen in writing within three business days
of  such event.  Upon such notification, Evergreen shall have the
option, but not the obligation, to pay such unpaid cost(s) or  to
pay   the   funds  necessary  to  prevent  or  remove  any   such
encumbrance.  If Evergreen advances funds to Delta or directly to
others  for  such  purposes, Delta will execute  a  twelve  month
promissory  note  in an amount equal to the funds  advanced  with
interest at ten percent (10%) per annum in favor of Evergreen and
the   Properties  shall  secure  the  repayment   thereof   under
documentation customary in such transactions.

Dated: January 3, 2001
                              DELTA PETROLEUM CORPORATION

                              s/Aleron H. Larson, Jr.
                              Authorized Officer,
                              Aleron H. Larson, Jr.
                                 CEO/Chairman

                              EVERGREEN RESOURCES, INC.

                              s/Mark S. Sexton
                              Authorized Officer,
                                 Mark S. Sexton,
                                 President, CEO

               AGGREGATE LIST OF OIL & GAS LEASES
            SUBJECT TO RESERVED PRODUCTION PAYMENTS

1.   San Miguel Field

OCS-P  0409: Oil and Gas Lease from the United States of America,
as  Lessor,  to Oxy Petroleum, Inc., et al, as Lessee,  effective
July  1, 1981, designated Serial No. OCS-P 0409 and covering  all
of  Block  22,  OCS Official Protraction Diagram NI  10-6,  Santa
Maria (Tract 53-182).

                 Leasehold Interest: 12.67169%

2.   Point Sal Unit

OCS-P  0415: Oil and Gas Lease from the United States of America,
as  Lessor, to Ogle Petroleum Inc., et al., as Lessee,  effective
July  1, 1981 designated Serial No. OCS-P 0415, and covering  all
of  Block  66, OCS Official Protraction Diagram, NI  10-6,  Santa
Maria.

                  Leasehold Interest: 1.88682%

OCS-P  0416: Oil and Gas Lease from the United States of America,
as  Lessor, to Ogle Petroleum Inc., et al., as Lessee,  effective
July  1, 1981 designated Serial No. OCS-P 0416, and covering  all
of  Block  67, OCS Official Protraction Diagram, NI  10-6,  Santa
Maria.

                  Leasehold Interest: 3.03049%

OCS-P  0421: Oil and Gas Lease from the United States of America,
as  Lessor, to Ogle Petroleum Inc., et al., as Lessee,  effective
July  1, 1981 designated Serial No. OCS-P 0421, and covering  all
of  Block  110, OCS Official Protraction Diagram, NI 10-6,  Santa
Maria.

                  Leasehold Interest: 1.88682%

OCS-P  0422: Oil and Gas Lease from the United States of America,
as  Lessor, to Ogle Petroleum Inc., et al., as Lessee,  effective
July  1, 1981 designated Serial No. OCS-P 0422, and covering  all
of  Block  111, OCS Official Protraction Diagram, NI 10-6,  Santa
Maria.

                  Leasehold Interest: 4.50000%

5.   Gato Canyon Unit

OCS-P  0460: Oil and Gas Lease from the United States of America,
as  Lessor,  to Atlantic Richfield Company, as Lessee,  effective
August  1,  1982, designated Serial No. OCS-P 046O, and  covering
all  of  Block  53N  72W,  that  portion  seaward  of  the  Three
Geographical Mile Line, Channel Islands Area, OCS Leasing Map No.
6A.
                  Leasehold Interest: 1.52930%

OCS-P  0462: Oil and Gas Lease from the United States of America,
as  Lessor, to Ogle Petroleum Inc., et al., as Lessee,  effective
August  1,  1982, designated Serial No. OCS-P 0462, and  covering
all  of Block 52N 72W, Channel Islands Area, OCS Leasing Map  No.
6A.

                  Leasehold Interest: 1.52930%

OCS-P  0464: Oil and Gas Lease from the United States of America,
as  Lessor,  to Atlantic Richfield Company, as Lessee,  effective
August  1,  1982, designated Serial No. OCS-P 0464, and  covering
all  of  Block  53N  71W,  that  portion  seaward  of  the  Three
Geographical Mile Line, Channel Islands Area, OCS Leasing Map No.
6B.

                  Leasehold Interest: 1.52930%

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