Document:

EXHIBIT
10.18

PURCHASE AND SALE AGREEMENT

between

PRB ENERGY, INC

“Seller”

AND

Arete Industries, inc.

“BUYER”

EFFECTIVE:  SEPTEMBER 1, 2006

PURCHASE AND SALE AGREEMENT

This
Purchase and Sale Agreement (the “Agreement”) entered into this     th
day of August, 2006, is the agreement between PRB Energy, Inc., 1875 Lawrence
Street, Suite 450, Denver, Colorado 80202 (the “Seller”) and Arete
Industries, Inc., 7260 Osceola Street, Westminster, Colorado 80030 (the “Buyer”)
concerning the sale and purchase of certain coal bed methane gas gathering
pipeline and compressor station-related assets described below.  For purposes of this Agreement, the effective
date of the purchase and sale shall be 12:01 a.m. Mountain Time on September 1,
2006 (the “Effective Date”).  Seller
and Buyer shall close the transaction contemplated by this Agreement on or
before September 1, 2006, (the “Closing Date”.)

RECITALS:

A.            Buyer and Seller desire to enter
into an agreement whereby the Seller seeks to sell and the Buyer seeks to buy
the coal bed methane gas gathering pipeline and compressor station-related
assets currently associated with the TOP Gathering System in Campbell County,
Wyoming (hereinafter referred to as the “TOP”); and

B.            Buyer and Seller desire to enter
into this Agreement to complete said transaction.

Now
therefore, in consideration of the mutual agreements and covenants contained
herein, Buyer and Seller agree as follows:

1.                                       Purchase
and Sale of Assets.  Subject to the
terms, conditions and exclusions of this Agreement, Seller agrees to sell and
Buyer agrees to purchase Seller’s right, title and interest in and to “TOP”
located in Campbell County, Wyoming as depicted on Exhibit A

a.               Real Property.  All easements, rights of way, permits,
licenses, prescriptive rights structures or other interests in real property
associated with or relating to the Assets as listed on Exhibit A-1;

b.              Equipment.  All pipelines, equipment, valves, vessels,
fittings, meters or other measurement facilities, operational and control
equipment, pig launchers, pig catchers, tanks and all other personal property,
as depicted on Exhibit A  (one
dehydration unit & one ecology pot currently on site are excluded from the
purchase and sale)  ;

c.               Contracts et
al.  All contracts and agreements
relating to the use of the assets, as depicted on Exhibit A-1.

d.              Other Interests
in the Assets.  All other rights,
titles and interests in and to the Assets as described above are part of the
Assets, it being the purpose and intent of this Agreement that Seller sell and
Buyer purchase all of Seller’s right, title and interest in and to the Assets.

 2
 

2.                                       Purchase
Price.  In consideration of the
conveyance of the Assets, upon execution of this Agreement, Buyer shall pay to
Seller the sum of Three Hundred and Thirty Thousand Dollars and no cents
($330,000.00)  (the “Purchase Price”)

3.                                       Seller’s
Representations and Warranties. 
Seller represents and warrants, to the best of its knowledge, the
following to Buyer as of the Closing Date:

a.               Preferential
Rights to Purchase.  No third party
holds any preferential right to purchase, right of first offer, right of last
refusal or other preferential right to purchase the Assets.

b.              Signatory for
Seller.  The signatory for Seller has
the full power and authority to bind the Seller to the terms hereof, and to
complete the sale contemplated hereby.

c.               Agreement
Represents.  This Agreement
represents the valid and subsisting agreement of Seller, fully binding upon
Seller and subject only to general principles of equity and bankruptcy laws.

d.              No Abandonment.  Seller has taken no actions that demonstrate
an intent to abandon the Assets, or released of record any rights of way
pertaining to the Assets.

e.               Fees.  Seller has incurred no liability, contingent
or otherwise, for broker’s or finder’s fees in respect to this transaction for
which Buyer shall have any responsibility whatsoever.

4.                                       Buyer’s
Representations and Warranties. 
Buyer represents and warrants, to the best of Buyer’s knowledge, the
following to Seller as of the Closing Date:

a.               Consents and
Approvals.  No consent, approval,
authorization, license, order or permit, or declaration, filing or registration
with, or notification to any governmental authority or any other person, is
required to be obtained by the Buyer in connection with the execution and
delivery of this Agreement by the Buyer or the performance of the Buyer’s
obligations hereunder;

b.              Fees.  Buyer has not incurred any liability,
contingent or otherwise, for brokers’ or finders’ fees relating to the
transactions contemplated by this Agreement for which Seller shall have any
responsibility whatsoever;

c.               Restoration.  Buyer has the sole responsibility to
determine the necessary measures and to perform all necessary restoration of
the Assets.

5.                                      WARRANTY.   BUYER ACKNOWLEDGES AND AGREES THAT THE
ASSETS LISTED IN EXHIBITS A, A-1 AND B ARE BEING TRANSFERRED, ASSIGNED AND
CONVEYED FROM SELLER TO BUYER “AS IS, WHERE IS AND WITH ALL FAULTS” IN THEIR
PRESENT CONDITION AND STATE OF REPAIR. 
SELLER HEREBY DISCLAIMS ANY AND ALL REPRESENTATIONS AND WARRANTIES 

 3
 

CONCERNING THE ASSETS, EXPRESS OR
IMPLIED, WHETHER ARISING IN CONTRACT, TORT OR ANY OTHER THEORY OF LAW,
INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF TITLE, MERCHANTABILITY OR
FITNESS FOR A GENERAL OR PARTICULAR PURPOSE. 
FURTHER, BUYER SPECIFICALLY AGREES THAT SELLER IS MAKING NO
REPRESENTATION OR WARRANTY, EITHER EXPRESS OR IMPLIED, AS TO THE ADEQUACY OR
COMPLETENESS OF THE UNDERLYING REAL PROPERTY INTERESTS ASSOCIATED WITH OR USED
IN CONNECTION WITH THE ASSETS, INCLUDING BUT NOT LIMITED TO EASEMENTS AND
RIGHTS OF WAY.

6.             Indemnification.

a.                                       By
Seller.  Seller agrees to indemnify, defend and hold Buyer harmless on account of
all debts, liabilities or causes of action attributable to Buyer’s ownership of
the property and to transactions applicable to the Contracts which accrued
prior to the date of Closing except as otherwise set forth below; and

b.                                       By
Buyer.  Buyer agrees to indemnify, defend and hold Seller harmless on account of
all debts, liabilities or causes of action attributable to Seller’s ownership
of the property and to transactions applicable to the Contracts which accrued
after to the date of Closing.

c.                                       All
indemnities of or by the parties under this Agreement shall survive the Closing
Date hereof.

7.                                       Conveyance
Documents.  At Closing, Seller shall
execute and deliver an Assignment, Conveyance, and Bill of Sale in the form of
which is attached as Exhibit B.

8.                                       Conditions
to Closing - Seller.  The Seller’s
obligations at Closing are subject, at Seller’s option, to the satisfaction at
or prior to the Closing Date of the following conditions precedent:

a.               All representations
and warranties of Buyer contained in Paragraph 4 of this Agreement shall be
true and correct in all material respects, and Buyer shall have performed and
satisfied all covenants and agreements required by this Agreement to be
performed and satisfied by Buyer at or prior to the Closing Date in all
material respects;

b.              Buyer shall have
executed and delivered to Seller all of the documents that are contemplated to
be executed and delivered pursuant to this Agreement prior to or at the Closing
Date.

9.                                       Conditions
to Closing - Buyer.  The Buyer’s
obligations at Closing are subject, at Buyer’s option, to the satisfaction at
or prior to the Closing Date of the following conditions precedent:

a.               All representations
and warranties of Seller contained in Paragraph 3 of this Agreement shall be
true and correct in all material respects, and Seller shall have performed and 

 4
 

satisfied all covenants
and agreements required by this Agreement to be performed and satisfied by
Seller at or prior to the Closing Date in all material respects;

b.              Seller shall have
executed and delivered to Buyer all of the documents that are contemplated to
be executed and delivered pursuant to this Agreement prior to or at the Closing
Date.

10.                                 Termination.  This Agreement may be terminated in
accordance with the following provisions:

a.               By Seller if the
conditions set forth in Paragraph 8 are not satisfied, through no fault of the
Seller, or waived by Seller in writing, as of the Closing Date; or

b.              By Buyer if the
conditions set forth in Paragraph 9 are not satisfied, through no fault of the
Buyer, or waived by Buyer in writing, as of the Closing Date.

11.                                 Confidentiality.
Unless required by applicable law, rules or regulations, neither party hereto
shall make a public announcement or communication to any third party concerning
this Agreement or the transactions contemplated hereby without the express
written consent of the other party.  Notwithstanding
any of the foregoing, Buyer and Seller shall be permitted to communicate as
deemed necessary in its sole discretion regarding change of ownership of
Property.

12.                                 Entire
Agreement.  This Agreement, together
with Exhibits “A”, “A-1” and “B” attached hereto and data delivered hereunder,
shall constitute the complete agreement between the parties hereto and shall
supersede all prior agreements, whether written or oral, and any
representations or conversations with respect to the purchase and sale of the
Assets.

13.                                 Binding
Effect.  This Agreement shall be
binding upon and shall inure to the benefit of the parties hereto, and their
successors and assigns.  This Agreement
may be assigned to a party’s parent, subsidiary, member or affiliate without the
consent of the other party provided notice of such assignment is provided to
the other party.  No other assignment by
either party shall be made without the express written consent of the other
party, which shall not be unreasonably withheld.

14.                                 Counterparts.  This Agreement may be executed in any number
of counterparts each of which shall be considered an original and each of which
shall be an enforceable agreement.

15.                                 Law
Applicable.  This Agreement shall be
governed by and construed in accordance with the laws of the State of Wyoming
applicable to contracts made and performed entirely therein.

16.                                 Joint
Draft.  This Agreement was drafted
and prepared by Seller and Buyer with each party having access to their own
legal counsel.  Seller and Buyer each
waive any position or claim that it may now have or may have in the future
based on the argument that the Agreement was drafted by only one of the parties
and not jointly prepared by Seller and Buyer.

 5
 

17.                                 Severability:  Each and every provision of this Agreement is
intended to be severable.  If any term or
provision is held to be invalid or illegal for any reason whatsoever, all other
conditions and provisions of this Agreement shall nevertheless remain in full
force and effect so long as the economic or legal substance contemplated by
this transaction is not affected in a materially adverse manner with respect to
either party.

18.                                 Mediation:  No civil action with respect to any dispute,
claim or controversy arising out of or relating to this Agreement may be
commenced until the matter has been submitted to a mediator for mediation.  Either Party may commence mediation by
providing to the other party a written request for mediation, setting forth the
subject of the dispute, claim or controversy and the relief requested.  It is hereby agreed that the Parties, upon
occasion that such a notice is delivered, shall endeavor for a period of thirty
(30) days to reach an accord on the disputed matter prior to going to formal mediation.  Should the Parties fail to reach such an
accord, the Parties agree to cooperate and act in good faith in the selection
of a mutually agreed to mediator and in scheduling the mediation
proceedings.  The Parties further
covenant that they will participate in the mediation in good faith, and that
they will share equally in its costs. 
All offers, promises, conduct and statements, whether oral or written,
made in the course of the mediation by any of the Parties, their agents,
attorneys, employees, or experts, and by the mediator and the mediator’s
employees, are confidential, privileged and inadmissible for any purposes,
including impeachment, in any litigation or other proceeding involving the
parties, provided that evidence that is otherwise admissible or discoverable
shall not be rendered inadmissible non-discoverable as a result of its use in
the mediation.  Either Party may seek
equitable relief prior to the mediation to preserve the status quo pending
completion of the mediation process. 
Except for an action to obtain equitable relief, neither party may
commence a civil action with respect to the matters submitted to mediation
until after the completion of the initial mediation session, or 45 days after
the date of filing of the written request for mediation, whichever occurs
first.  Mediation may continue after the
commencement of a civil action, if the Parties so desire.  The provisions of this clause may be enforced
by any Court of competent jurisdiction in the State of Wyoming, and the Party seeking
enforcement shall be entitled to an award of all costs, fees and expenses,
including attorneys’ fees, to be paid by the Party against whom the enforcement
is ordered.

19.                                 Attorney’s
Fees.  The prevailing party in any
dispute hereunder shall be entitled to recover its reasonable attorneys’ fees
and costs.  In addition, should either
party decline to complete the closing and associated transaction, the declining
party shall pay all attorney’s fees and costs of the party seeking to close the
transaction.

20.                                 Waivers.  No party’s rights hereunder will be deemed
waived except by a writing signed by such party.

21.                                 Incorporation
of Exhibits.  All exhibits and
schedules referred to herein are attached hereto and are made a part hereof by
this reference.  This Agreement shall be
the controlling document to the extent there is any conflict between the
language of this Agreement and any of the exhibits.

22.                                 Survival.  Except as otherwise provided herein, the
representations and warranties contained in 

 6
 

this Agreement shall not
survive the closing.

23.                                 Further
Assurances and Agreements. Seller and Buyer each agree that it will take
such further or other action(s) and to execute or deliver such other documents
necessary to carry out the purposes and intent of this Agreement or any
document delivered pursuant to this Agreement.

IN WITNESS WHEREOF, the
Parties to this Agreement have executed this Agreement as of the Effective Date
first above written.

	
  ARETE INDUSTRIES, INC.

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Charles Gamber

  	
   

  
	
  Name:

  	
  Charles Gamber

  	
   

  
	
  Title:

  	
  CEO/President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  PRB ENERGY, INC.

  	
   

  
	
   

  	
   

  
	
  By :

  	
  /s/ Bill Hayworth

  	
   

  
	
  Name:

  	
  Bill Hayworth

  	
   

  
	
  Title:

  	
  President

  	
   

  

 

 7

 

EXHIBIT A

ATTACHED
TO AND MADE A PART OF THAT CERTAIN

PURCHASE AND SALE AGREEMENT BY AND BETWEEN

ARETE INDUSTRIES, INC. and PRB ENERGY, INC.

DESCRIPTION
OF ASSETS

Pipelines

·                  4.5
Miles 8” coated steel pipe, hydro-tested, welds x-rayed and cathodically protected

·                  Pig
launcher/receiver

Interconnect 

·                  Building

·                  Slug
catcher

·                  Level
Controller/Scrubber pot

·                  400
BBL Tank

·                  Pig
launcher/receiver

Buff Station

·                  Inlet
Separator

·                  Separator
flash tanks (2)

·                  400
BBL Tank

·                  Various
Piping and various valves — heat traced and insulated

·                  Emergency
shut down system — fire eyes (4), gas detectors (4)

·                  Meter
houses (3) — Barton Chart meter, Total Flow Meters

·                  Oxygen
analyzer

·                  Suction
control valves (4)

·                  Regulators

·                  Buildings
(4)

EXHIBIT
A-1

ATTACHED
TO AND MADE A PART OF THAT CERTAIN

PURCHASE AND SALE AGREEMENT BY AND BETWEEN

ARETE INDUSTRIES, INC. and PRB ENERGY, INC.

Real Property and Leasehold Interests

·                  Compressor
Site Agreement by and between the WYO Davis Family Limited Partnership and PRB
Gas Transportation, Inc. successor to TOP Gathering LLC, dated June 3, 2002

·                  Pipeline
Right-of-Way Grant by and between Ohmans, Inc. a Wyoming Corporation and PRB
Gas Transportation, Inc. successor to TOP Gathering LLC, dated September26,
2001

·                  Receipt
Point Site Lease by and between Ohmans, Inc., a Wyoming Corporation and PRB Gas
Transportation, Inc. successor to TOP gathering, LLC dated December 31, 2001

·                  Gas
Compressor Equipment Master Rental Agreement by and between Universal
Compression and PRB Gas Transportation, Inc. successor to TOP Gathering LLC,
dated December 17, 2001

Governmental Authorizations

·                  State
of Wyoming, Department of Environmental Quality Air Quality Permit CT-2598,
Buff Compressor Station, dated November 23, 2001 as modified by Permit No.
MD-837, dated December 17, 2002

Contracts and Agreements

·                  Gathering
Services Agreement by and between Bear Paw Energy, LLC and PRB Gas
Transportation, Inc. successor to TOP Gathering LLC, dated September 20, 2001

·                  Gathering
Services Agreement by and between PRB Gas Transportation, Inc. successor to TOP
gathering LLC and United Energy Trading, dated July 18, 2002

·                  Gathering
Services Agreement by and between PRB Gas Transportation, Inc. successor to TOP
Gathering LLC and Natural Gas Fuel Company, Inc. dated October 15, 2001

·                  Gathering
Services Agreement by and between PRB Gas Transportation, Inc. successor to TOP
Gathering LLC and Natural Gas Fuel Company, Inc. — Emerald  dated July 18, 2002 (Expired)

·                  Operating
Agreement of TOP Gathering LLC dated October 15, 2001 (Expired)

·                  Contribution
Agreement dated October 15, 2001, by and among Pete Haman, Knorstar Energy,
LLC, data management Consultants, Inc. and Crescent Holding, LLC (Expired)

·                  Letter
Agreement dated June 12, 2002 by and between TOP Gathering LLC and Global
Vision Solutions LLC for an internet based monitoring system (Expired)

EXHIBIT B

ATTACHED
TO AND MADE A PART OF THAT CERTAIN

PURCHASE AND SALE AGREEMENT BY AND BETWEEN

ARETE INDUSTRIES, INC. and PRB ENERGY, INC.

ASSIGNMENT,
CONVEYANCE, and BILL OF SALE

	
  STATE OF WYOMING

  	
  )

  
	
   

  	
  )

  
	
  COUNTY OF
  CAMPBELL

  	
  )

  

 

THIS
ASSIGNMENT, CONVEYANCE, AND BILL OF SALE (the “Assignment”) dated as of
September    , 2006 is entered into between ARETE
INDUSTRIES, INC. (“Assignee”) and PRB ENERGY, INC. (“Assignor”).

WITNESSETH:

FOR
TEN DOLLARS ($10.00) AND OTHER GOOD AND VALUABLE CONSIDERATION, the receipt and
sufficiency of which are hereby acknowledged, Assignor hereby GRANTS, CONVEYS,
QUITCLAIMS and ASSIGNS to Assignee all of Assignor’s right, title and interest
in and to the following properties (real, personal, or mixed) and rights
(contractual or otherwise) unless expressly reserved or excluded herein:
together with all rights incident thereto as set forth in Exhibits A and A-1.  All properties, real, personal, or mixed and
rights (contractual or otherwise) included hereinabove are sometimes referred
to hereinafter as the “Property” or “Properties”.

TO
HAVE AND TO HOLD the Properties subject to the following terms and conditions:

1.             The terms, covenants, and
conditions hereof bind and inure to the benefit of the parties hereto and their
respective successors and assigns.  All
future conveyances of any portion of the Properties and/or their associated
facilities and equipment shall recognize and perpetuate the rights and
obligations set out herein.

2.             ASSIGNEE ACKNOWLEDGES AND AGREES THAT THE ASSETS
LISTED IN EXHIBITS A and A-1 ARE BEING TRANSFERRED, ASSIGNED AND CONVEYED FROM ASSIGNOR TO ASSIGNEE “AS IS, WHERE IS AND WITH ALL FAULTS” IN THEIR PRESENT CONDITION AND
STATE OF REPAIR.  ASSIGNOR HEREBY DISCLAIMS ANY AND ALL REPRESENTATIONS
AND WARRANTIES CONCERNING THE ASSETS, EXPRESS OR IMPLIED, WHETHER ARISING IN
CONTRACT, TORT OR ANY OTHER THEORY OF LAW, INCLUDING, WITHOUT LIMITATION, ANY 

WARRANTY
OF TITLE, MERCHANTABILITY OR FITNESS FOR A GENERAL OR PARTICULAR PURPOSE.  FURTHER ASSIGNEE SPECIFICALLY AGREES THAT ASSIGNOR IS MAKING NO REPRESENTATION OR WARRANTY,
EITHER EXPRESS OR IMPLIED, AS TO THE ADEQUACY OR COMPLETENESS OF THE UNDERLYING
REAL PROPERTY INTERESTS ASSOCIATED WITH OR USED IN CONNECTION WITH THE ASSETS,
INCLUDING BUT NOT LIMITED TO EASEMENTS AND RIGHTS OF WAY.

3.             This Assignment and its performance
shall be construed in accordance with, and governed by, the laws of the State
of Wyoming without regard to the choice of law rules of any jurisdiction, and
Assignor and Assignee submits to the exclusive jurisdiction of State Courts
located in Gillette, Campbell County, Wyoming.

EXECUTED
this        day of August, 2006.

	
  

  	
  ASSIGNOR:

  	
   

  
	
   

  	
  PRB Energy, Inc.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Bill Hayworth

  	
   

  
	
   

  	
  Bill Hayworth

  	
   

  
	
   

  	
  President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ASSIGNEE:

  	
   

  
	
   

  	
  Arete Industries, Inc.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Charles Gamber

  	
   

  
	
   

  	
  Charles Gamber

  	
   

  
	
   

  	
  CEO/President

  	
   

  

 

 

	
  STATE OF WYOMING

  	
  )

  
	
   

  	
  )

  
	
  COUNTY OF CAMPBELL

  	
  )

  

 

The
foregoing instrument was acknowledged before me this        
day of August, 2006, by Bill Hayworth on behalf of PRB Energy, Inc.

Witness
my hand and official seal.

	
  

  	
   

  
	
   

  	
   

  
	
   

  	
  Notary Public

  

 

 

 

My Commission
Expires:

	
  STATE OF COLORADO

  	
  )

  
	
   

  	
  )

  
	
  COUNTY OF 

  	
  )

  

 

The
foregoing instrument was acknowledged before me this       
day of August, 2006, by Charles Gamber on behalf of Arete Industries, Inc.

Witness
my hand and official seal.

	
  

  	
   

  
	
   

  	
   

  
	
   

  	
  Notary Public

  

 

My Commission
Expires:EXHIBIT
10.19

As of August 1, 2006

	
  Maverick Pipeline LLC

  	
   

  
	
  Belle Fourche Pipeline Company

  	
  Via Fax 307-266-0383

  
	
  455 North Poplar Street

  	
   

  
	
  Casper, WY 82602

  	
   

  

Attn:  Robert Stamp

Dear
Sirs:

PRB
Energy, Inc., formerly named PRB Gas Transportation, Inc., a Nevada
corporation (“PRB”), entered into a Letter Agreement dated May 11, 2006 whereby
PRB was to purchase certain assets from Maverick Pipeline LLC (“Maverick”) and
Belle Fourche Pipeline Company (“Belle Fourche”), the assets being described in
the Assignments and their exhibits, attached hereto as Attachments A1 and A2 ( “Assets”),
for the sum of $462,500.

Upon
review of the right-of-way files of Maverick and Belle Fourche , PRB has
determined that there are gaps in the rights-of-way as indicated in Exhibit B
attached hereto.  Maverick and Belle
Fourche have agreed to resolve the gaps on BLM and State property.  The gaps on private property will be the
responsibility of PRB and result in a downward adjustment to the purchase price
of $34,394.  The parties agree to adjust
the purchase price to $428,106.  PRB will
pay Maverick and Belle Fourche in accordance with their wire instructions or as
otherwise designated by them, and Maverick and Belle Fourche shall execute and
deliver to PRB the Assignments.

There
was no material deficiency in the environmental report and no recommendation
for conducting further environmental testing, thus constituting a “favorable”
environmental report.  Maverick and Belle
Fourche have consented to PRB’s request for a 3 month grace period, ending on
September 30, 2006, to conduct line pressure tests.  Should a line pressure test (conducted by
September 30, 2006) be unfavorable, PRB and Maverick and/or Belle Fourche, as
appropriate, agree to meet to determine their further course of action which
may include reimbursing PRB proportionately for that segment of pipe.  Any unfavorable tests conducted after
September 30, 2006 shall be the responsibility of PRB.

	
  

  	
   

  	
   

  	
  Very truly yours,

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Robert W. Wright

  
	
   

  	
   

  	
   

  	
   

  	
  Robert W. Wright

  
	
   

  	
   

  	
   

  	
   

  	
  Chairman of the Board

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ACCEPTED AND AGREED to

  	
   

  	
   

  	
   

  
	
  As of the date first above written:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  MAVERICK PIPELINE LLC

  	
   

  	
  BELLE FOURCHE PIPELINE COMPANY

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ True III

  	
   

  	
  By

  	
   /s/ True III

  
	
   

  	
  H.A. True III, Member

  	
   

  	
   

  	
  H.A. True III, President

  

 

EXHIBIT A

MAVERICK PIPELINE LLC

ASSETS

North
Segment — Approximately 4.5 miles of 6” diameter, .156” wall thickness, grade
X-42 pipeline between SWNW Sec 23-T57N-R74W and SESE Sec 9 T56N-R74W

Northeast
Segment — Approximately 7 miles of 6” diameter, .156” wall thickness, grade
X-42 pipeline between NWSE Sec 10-T57N-R73W and SWNW Sec 23-T57N-R74W

East
Segment — Approximately 12 miles of 6” diameter, .156” wall thickness, grade
X-42 pipeline between SESE Sec 29-T57N-R72W and NESW Sec 35-T56N-R73W

Southeast
Segment — Approximately 16.5 miles of 6” diameter, .156” wall thickness, grade
X-42 pipeline between NWSE Sec 13-T55N-R72W and SESE Sec 9 T56N-R74W

South
Segment — Approximately 9.5 miles of 6” diameter, .156” wall thickness, grade
X-42 pipeline between NESW Sec 30-T55N-R73W and NWNW Sec 29-T56N-R73W

Southwest
Segment - Approximately 7 miles of 6” diameter, .156” wall thickness, grade
X-42 pipeline between SENE Sec 35-T56N-R75W to SESE Sec 9 T56N-R74W

Northwest
Segment — Approximately 9 miles of 6” diameter, .156” wall thickness, grade
X-42 pipeline between NWNE Sec 7-T57N-R75W to SESE Sec 9 T56N-R74W

Transportation
Agreement between Maverick Pipeline LLC and Petroleum Development Corporation
dated April 14, 1999 for the transportation of gas on the Southwest Segment

Exhibit
B

ROW gaps — Recluse area lines to PRB

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Assigned

  	
   

  
	
   

  	
   

  	
  Owner

  	
   

  	
  Rods

  	
   

  	
  Value

  	
   

  
	
  Northwest Segment
  (Fence Cr)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  sw/4 ne/4 8 T57N R75W

  	
   

  	
  BLM

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ne/4 se/4 8 T57N R75W

  	
   

  	
  Private

  	
   

  	
  79

  	
   

  	
  $1 ,970

  	
   

  
	
  sw/4 9 T57N R75W

  	
   

  	
  Private

  	
   

  	
  182

  	
   

  	
  $4 ,545

  	
   

  
	
  n/2 16 T57N R75W

  	
   

  	
  State

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  sw/4 nw/4 15 T57N R75W

  	
   

  	
  BLM

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ne/4 sw/4 15 T57N R75W

  	
   

  	
  BLM

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  s/2 se/4 15 T57N R75W

  	
   

  	
  Private

  	
   

  	
  182

  	
   

  	
  $4 ,545

  	
   

  
	
  all 23 T57N R75W

  	
   

  	
  Private

  	
   

  	
  364

  	
   

  	
  $9 ,091

  	
   

  
	
  sw/4 sw/4 24 T57N R75W

  	
   

  	
  BLM

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ne/4 6 T56N R75W

  	
   

  	
  Private

  	
   

  	
  139

  	
   

  	
  $3 ,485

  	
   

  
	
  Northeast Segment
  (Sandbar)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  sw/4 24 T57N R74W

  	
   

  	
  Private

  	
   

  	
  0

  	
   

  	
  $- (too small, maybe
  a survey error)

  	
   

  
	
  North Segment (Sandbar)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Tract 56E 34 T57N R74W

  	
   

  	
  Private

  	
   

  	
  30

  	
   

  	
  $- (very small,
  maybe a survey error)

  	
   

  
	
  Southwest Segment (LX
  Bar)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  all 36 T56N R75W

  	
   

  	
  State

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  se/4 25 T56N R75W

  	
   

  	
  Private

  	
   

  	
  170

  	
   

  	
  $4 ,242

  	
   

  
	
  sw/4 ne/4 19 T56N R74W

  	
   

  	
  BLM

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  e/2 ne/4 19 T56N R74W

  	
   

  	
  Private

  	
   

  	
  85

  	
   

  	
  $2 ,121

  	
   

  
	
  nw/4 nw/4 20 T56N R74W

  	
   

  	
  BLM

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  s/2 17 T56N R74W

  	
   

  	
  Private

  	
   

  	
  176

  	
   

  	
  $4 ,394

  	
   

  
	
  all 16 T56N R74W

  	
   

  	
  State

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Abandoned segment

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ne/4 se/4 22 T56N R74W

  	
   

  	
  BLM

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  sw/4 ne/4 26 T56N R74W

  	
   

  	
  Private

  	
   

  	
  0

  	
   

  	
  $- (not on the asset
  sale list)

  	
   

  
	
  n/2 36 T56N R74W

  	
   

  	
  State

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Southeast Segment

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  35 T56N R73W

  	
   

  	
  BLM

  	
   

  	
  0

  	
   

  	
  $- (too small, maybe
  a survey error)

  	
   

  
	
  sw/4 se/4 6 T55N R72W

  	
   

  	
  BLM

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  South Segment (Carson)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  se/4 30 T56N R73W

  	
   

  	
  Private

  	
   

  	
  0
  

  	
   

  	
  $- valid easement in Sec 32; line appears to

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  be
  on the other side of Recluse Road, or

  	
   

  
	
  e/2 31 T56N R73W

  	
   

  	
  Private

  	
   

  	
  0

  	
   

  	
   $-
  road was moved at some point.)

  	
   

  
	
  East Segment (Ute)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ne/4 6 T56N R72W

  	
   

  	
  BLM

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  s/2 s/2 24 T56N R72W

  	
   

  	
  BLM

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  All 25 T56N R72W

  	
   

  	
  BLM

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  se/4 se/4 26 T56N R72W

  	
   

  	
  BLM

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  1406

  	
   

  	
  $34,394

  	
   

  

Note: 1) This list is subject
to change and subsequent adjustment if ROW documents are found at a later date,
if ownership changes or if corrections are made to clear a ROW gap.) 2) All
lengths are scaled, not surveyed footages.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}]]