Document:

Exhibit 10.14

 

	
  TO:

  	
  RAILROAD
  COMMISSION OF TEXAS

  	
  Bond # B005246

  	
   

  
	
   

  	
  Attention:
  Oil & Gas Division

  	
   

  	
   

  
	
   

  	
  Permitting/Production,
  P-5 Financial Assurance Section

  	
   

  	
   

  
	
   

  	
  P.O. Box
  12967

  	
  BLANKET PERFORMANCE BOND

  	
  P-5PB(2)

  
	
   

  	
  Austin,
  TX 78711-2967

  	
   

  	
  rev. 6/2002

  

 

THE
STATE OF TEXAS, COUNTY OF Harris

 

WHEREAS,
persons performing oil and gas operations within the jurisdiction of the
Railroad Commission of Texas are required to execute and file with the
Commission a bond covering those operations, pursuant to §91.103 and §91.104 of
the Texas Natural Resources Code;

 

WHEREAS,
the Principal named below is the operator of certain Commission-regulated
operations including but not limited to (1) operations listed on the
Commission’s P-5 Organization Report records, and/or (2) wells listed on
the Commission’s Oil and Gas Proration Schedules, and any additional wells that
may be obtained prior to the expiration of this bond and carried on the Oil and
Gas Proration Schedules;

 

WHEREAS,
the Commission’s P-5 Organization Report records and the Oil and Gas Proration
Schedules pertaining to the Principal are incorporated herein by reference as
if fully set forth at length;

 

WHEREAS,
the Principal desires to perform oil and gas operations and activities within
the jurisdiction of the Commission, and which operations and activities must be
carried on in full conformance with all state laws and Commission rules,
including those laws and Commission rules, orders, and permits requiring
operators to plug and abandon all wells and control, abate, and clean up
pollution associated with an operator’s oil and gas operations and activities;

 

WHEREAS,
Principal acknowledges and agrees that, due to amendments to the Texas Natural
Resources Code, amendments to Commission Rules, and/or changes to the Principal’s
Commission-regulated operations, including without limitation the acquisition
of additional wells, it may be required during the effective term of this bond
to provide additional financial security beyond the face amount of this bond
before its P-5 Organization Report will be accepted and approved.

 

	
  I. Organization
  Name, exactly as shown on P-5 Organization Report.

  	
   

  	
  2. P-5 Number, if
  assigned.

  	
   

  	
  3. Total # of operator’s
  wells.

  
	
  Resaca Operating Company

  	
   

  	
  703238

  	
   

  	
  490

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.
  Other Commission-regulated operations. See bond instruction sheet, Paragraph
  F.

  [ Check appropriate
  operations; example: operating a pipeline = I ]

  	
   

  	
  5.
  Other operations not included in (A)-(L).

  	
   

  	
  6.
  Effective Date of P-5 Renewal for which bond is being submitted. (Leave blank
  if this is the initial bond filing.)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  (A)         (B)         (C)         (D)         (E)         (F)         

  	
   

  	
   

  	
   

  	
   

  
	
  (G)         (H)         (I)          (J)          (K)         (L)         

  	
   

  	
   

  	
   

  	
   

  

 

We,
Resaca Operating Company (person’s name) as Principal, and U.S. Specialty
Insurance Company as Surety, duly authorized and qualified to do business in
the State of Texas, are held and firmly bound unto the State of Texas in the
sum of Two Hundred Fifty Thousand and No/100 
Dollars ($ 250,000.000) payable at Austin, Travis County, Texas, and for
the payment of which, well and truly to be made, we bind ourselves, our heirs,
executors, administrators, successors and assigns, jointly and severally,
firmly by these presents.

 

This
bond is conditioned that if the Principal will plug and abandon all wells and
control, abate, and clean up pollution associated with its oil and gas
operations and activities in accordance with state law and all permits, rules and
orders of the Commission, and is in full compliance with the following
requirements, then the Principal and Surety are relieved of their obligation to
pay the bond amount to the State:

 

1.          Inactive wells shall be maintained in compliance with
Commission Statewide Rule 14 (a) by plugging the wells, (b) by
restoring the wells to beneficial use, or (c) so as to prevent the
pollution of any ground or surface water in the state or any uncontrolled
escape of formation fluids from the strata in which they were originally
located.

 

2.          All active wells shall be maintained so as to prevent
the pollution of any ground or surface water in the state or any uncontrolled
escape of formation fluids from the strata in which they were originally
located.

 

3.          All oil and gas operations and activities shall be
carried out so as to prevent pollution of any ground or surface water in the
state.

 

In
the event of a failure of Principal to comply with the conditions and
obligations of this bond, the Surety shall promptly remedy such noncompliance,
in accordance with the laws of the state and permits, rules, and orders of the
Commission, within 60 days of notice of non-compliance.

 

1.               If any well or other oil and gas operation or
activity subject to this bond is likely to pollute or is polluting any ground
or surface water or allowing uncontrolled escape of formation fluids from the
strata in which they were originally located, the Surety shall expend funds up
to the face amount of the bond to control, abate and clean up pollution and to
prevent further escape of formation fluids.

 

2.               If any well or other oil and gas operation or
activity subject to this bond is not polluting any ground or surface water or
cilowing uncontrolled escape of formation fluids from the strata in which they
were originally located, but the Principal has failed to maintain current operator
status as reflected on the Commission’s P-5 Organization Report records, the
Surety shall:

 

(a)     Expend funds up to the face
amount of the bond to properly plug the well or close any other operation or
activity (Surety understands and agrees that plugging or closing operations
must be completed once commenced without the expenditure of State Funds,
including State Oil- Field Cleanup funds); or

 

(b)    Pay liquidated damages. It is
agreed by the parties that the actual damages which might be sustained by the
Railroad Commission of Texas by reason of the failure to comply are uncertain
and would be difficult of ascertainment, and it is further agreed that the sum
of $2.50 per foot multiplied by the total depth of each non-compliant well, up
to the face amount of the bond, would be reasonable and just compensation for
such failure to comply, and Surety hereby promises to pay and the Railroad
Commission of Texas agrees to accept, at its office in Austin, Travis County,
Texas such sum as liquidated damages, and not as a penalty, in the event of
such failure to comply.

 

(over)

 

 

3.               Except as provided by Paragraph 2(b) above,
if the Commission has expended State Funds to plug any well, to close any other
operation or activity, to control, abate and clean up pollution or take any
other action to prevent further escape of formation fluids, the Surety shall
reimburse the Commission for the amounts of State Funds so expended up to the
face amount of the bond.

 

Sums demanded under this
bond shall be paid to the Railroad Commission at Austin, Texas, within thirty
days after receipt of written demand therefor, which demand shall be mailed by
registered or certified U.S. mail to the address shown below.

 

Conditions and
obligations under this bond are construed in accordance with state law and all
permits, rules, and orders of the Commission, including any amendments thereto
that may be made during the term of this bond, and Surety waives notice of any
amendments. The State of Texas shall have the right to sue on and otherwise
enforce the obligations of this bond without first resorting to or exhausting
its remedies against the properties and assets of the Principal.

 

This bond is effective
beginning 150 days after the Principal’s P-5 effective date stated in Box 6. If
the Principal is filing this bond for the first time, then the bond is
effective on the Principal’s P-5 effective date for the first year; thereafter,
it will be effective 150 days after the P-5 effective date.

 

The term of this bond
shall expire May 1, 2011 (date must be  150 days after one
of the Principal’s annual P-5 expiration dates) and is renewable. Written
notice of renewal shall be given by the Surety to the Commission on or before
the Principal’s last P-5 filing date prior to the expiration of this bond.
Obligations to pay part or all of the bond amount are deemed released upon the
expiration date of the bond unless the Commission has made a claim on the bond
or an enforcement action against any operations or activities subject to the
bond is pending. Principal and Surety may also be relieved of their obligations
to pay part or all of the bond amount by written agreement between the Railroad
Commission of Texas, Principal, and Surety.

 

If the bond amount is not
paid in accordance with the terms of this bond and if judgment for any part of
the bond amount is awarded through action of the Attorney General in
bankruptcy, probate, or any other court proceeding, then the State shall be
entitled to court costs and reasonable attorney’s fees awarded by the court.
Surety’s liability for such costs and fees shall not be limited by the amount
of this bond. It is agreed and understood that this bond is executed and
performable in Austin, Travis County, Texas, and venue for any cause of action
construing this bond is proper in Austin, Travis County, Texas.

 

A transfer, by any means,
of any well covered under this bond does not relieve the Surety of any
obligation under this bond until the operator acquiring the well has on file
with the Commission an approved form of financial security covering the well.
The transferred well remains covered by this bond and the Principal and Surety
remain responsible for compliance with all laws and Commission rules covering
the transferred well until the Commission determines that the well is covered
by proper financial security and the acquiring operator has assumed full
responsibility for the well in accordance with all state laws, including
§91.107, Texas Natural Resources Code and Commission rules.

 

IN TESTIMONY WHEREOF,
said PRINCIPAL has hereunto subscribed his or her name or has caused this
instrument to be signed by its duly authorized officers and its corporate seal
to be affixed this 20th day of October 2009.

 

IN TESTIMONY WHEREOF,
said SURETY has caused this instrument to be signed by its duly authorized
officers and its corporate seal to be affixed this 1st day of December 2009.

 

	
   

  	
  Resaca
  Operating Company

  
	
   

  	
   

  	
  PRINCIPAL

  
	
   

  	
   

  	
   

  
	
  (seal)

  	
  By

  	
  /s/ [Illegible], Vice President

  
	
   

  	
   

  	
  NAME & TITLE

  
	
   

  	
   

  
	
   

  	
  U.S.
  Speciality Insurance Company

  
	
   

  	
   

  	
  SURETY (ATTACH POWER OF ATTORNEY)

  
	
   

  	
   

  	
   

  
	
  (seal)

  	
  By

  	
  /s/
  Edwin H. Frank, III

  
	
   

  	
   

  	
  Edwin
  H. Frank, III, Attorney-in-Fact

  
	
   

  	
   

  	
  NAME & TITLE

  
	
   

  	
   

  	
   

  
	
   

  	
  13403
  Northwest Freeway, Houston, Texas 77040

  
	
   

  	
   

  	
  SURETY’S FULL MAILING ADDRESS

  
	
   

  	
   

  	
   

  
	
   

  	
  13403
  Northwest Freeway, Houston, Texas 77040

  
	
   

  	
   

  	
  SURETY’S PHYSICAL ADDRESS

  

 

P-5PB(2) rev. 6/2002

 

 

POWER OF
ATTORNEY

 

AMERICAN
CONTRACTORS INDEMNITY COMPANY UNITED STATES SURETY COMPANY U.S. SPECIALTY
INSURANCE COMPANY

 

KNOW ALL MEN BY THESE
PRESENTS: That American Contractors Indemnity Company, a California
corporation, United States Surety Company, a Maryland corporation and U.S.
Specialty Insurance Company, a Texas corporation (collectively, the “Companies”),
do by these presents make, constitute and appoint:

 

Edwin H.Frank, III or W. Russell Brown, Jr. of Houston, Texas

 

its true and lawful
Attorniey(s)-in-fact, each in their separate capacity if more than one is named
above, with full power and authority hereby conferred in its name, place and
stead, to execute, ackowledge and deliver any and all bonds,
recognizances, undertakings or other instruments or contracts of suretyship to
include riders, amendments, and consents of surety, providing the bond penalty
does not exceed
****************Three Million************************ Dollars
($**3,000,000.00**). This power of Attorney shall expire without further action
on March 18, 2011. This power of Attorney is granted under and by
authority of the following resolutions adopted by the Boards of Directors of
the Companies:

 

Be it Resolved, that the president, any
Vice-Presedentm, any Assistant Vice-President, any Secretary or any Assistant
Secretary shall be and is hereby vested with full power and authority to
appoint any one or more suitable persons as Attorney(s)-in Fact to represent
and act for and on behalf of the Company subject to the following provisions:

 

Attorney-in Fact may be given full power and authority for
and in the name of and on behalf of the Company, to executy, acknowledge and
deliver, any and all bonds, recognizances, contracts, agreements or indemnity
and other conditional or obligatory undertakings and any and all notices and
documents canceling or terminating the Company’s liability thereunder, and any
such instruments so excuted by any such Attorney-in Fact shall be binding upon
the Company as if signed by the President and sealed and effected by the
Corporate Secretary.

 

Be it Resolved, that the signature of any authorized
officer and seal of the Company heretofore or hereafter affixed to any power of
attorney or any certificate relating thereto by facsimile, and any power of
attorney or certificate bearing facsimile signature or facsimile seal shall be
valid and binding upon the Company with respect to any bond or undertaking to
which it si attached.

 

IN WITNESS WHEREOF, The
Companies have caused this instrument to be signed and their corporate seals to
be hereto affixed, this 1st day of December, 2009.

 

AMERICAN
CONTRACTORS INDEMNITY COMPANY UNITED STATES SURETY COMPANY U.S. SPECIALTY
INSURACE COMPANY

 

	
  Corporate Seals

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Daniel P. Aguilar

  
	
  AMERICAN
  CONTRACTORS INDEMNITY CO.

  CALIFORNIA INCORPORATED SEPT 26, 1990

  UNITED STATES
  SURETY COMPANY SEAL

  U.S. SPECIALTY INSURANCE COMPANY

  	
   

  	
  Daniel P. Aguilar, Vice
  President

  

 

State of California

County of Los Angeles SS:

 

on December 1, 2009,
before me, Deborah Reese, a notary public, personally appeared Daniel P.
Aguilar, Vice President of American Contractors Indemnity Company, United
States Surety Company and U.S. Specialty Insurance Compay who proved to me on
the basis of satisfactory evidence to be the person whose name is subscribed to
the within instrument and acknowledged to me that he executed the same in his
authorized capacity, and that by his signature on the instrument the person(s),
or the entity upon behalf of which the person(s) acted, executed the
instrument.

 

I certify under PENALTY
OF PERJURY under the laws of the State of California that the foregoing paragraph
is true and correct. WITNESS may hand and official seal.

 

	
  Signature

  	
  /s/ [ILLEGIBLE]

  	
   

  	
  (seal)

  	
  Deborah
  Reese Commission #
  1726211 Notary Public California Los Angeles County My Comm Expires Mar
  18, 2011

  

 

I, Jeannie J. Kim,
Assistant Secretary of American Contractors Indemnity Company, United States
Surety Company and U.S. Specialty Insurance Company, do hereby certify that the
above and foregoing is a true and correct copy of a Power of Attorney, executed
by said Companies, which is still in full force and effect; furthermore, the
resolutions of the Boards of Directors, set out in the Power of Attorney are in
full force and effect.

 

In Witness Whereof, I
have hereunto set my hand and affixed the seals of said Companies at Los
Angeles, California this 1st day of December, 2009.

 

Corporate Seals

 

	
  Bond No. B005246

  	
  AMERICAN CONTRACTORS INDEMNITY CO.

  	
  /s/
  Jeannie J. Kim

  
	
  Agencey No. #8353

  	
  CALIFORNIA INCORPORATED SEPT 26, 1990

  UNITED STATES
  SURETY COMPANY SEAL

  U.S. SPECIALTY INSURANCE COMPANY

  	
  Jeannie J. Kim, Assistant
  SecretaryExhibit 10.64

 

CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED BY RESACA EXPLOITATION, INC. FOR CERTAIN PORTIONS
OF THIS DOCUMENT.  CONFIDENTIAL PORTIONS
HAVE BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.  OMITTED PORTIONS ARE INDICATED IN THIS
AGREEMENT WITH “*****”.

 

	
  

  	
  Shell
  Trading (US) Company

  

 

	
   

  	
  October 19,
  2006

  
	
   

  	
   

  
	
  Resaca
  Exploitation, LP.

  	
   

  
	
  1221
  Lamar, Suite 1175

  	
   

  
	
  Houston,
  TX 77010-3051

  	
   

  
	
   

  	
   

  
	
  Attention:
  Ms. Mary Frances Deibert

  	
  STUSCO
  Purchase Contract No.: LPS790268

  
	
   

  	
  Amendment
  No.:

  
	
   

  	
  RESACA
  Contract No.:

  
	
   

  	
  Contract
  Date: May 1, 2006

  

 

Ms.
Deibert:

 

This
Agreement is made between SHELL TRADING (US) COMPANY (STUSCO), “Buyer” and
RESACA EXPLOITATION, LP. (RESACA), “Seller” whereby each party agrees to sell
and deliver and each party agrees to purchase and receive crude oil or
condensate under the terms and conditions set forth in Exhibit A and
Conoco Inc.’s General Provisions, attached hereto and made a part hereof.

 

Please
confirm by fax to (713) 246-8693 that the above accurately records the terms
and conditions of our agreement. If a reply is not received within ten
(10) business days it will constitute acceptance of the terms stated
herein.

 

	
   

  	
   

  	
  Very
  truly yours,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SHELL
  TRADING (US) COMPANY

  
	
   

  	
   

  	
   

  
	
  RESACA EXPLOITATION, LP

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By

  	
  /s/ Ralph E. Carthrae

  	
   

  	
  By

  	
  /s/
  Ed Wuthrich

  
	
   

  	
  Ralph
  E. Carthrae

  	
   

  	
   

  	
  Ed
  Wuthrich

  
	
   

  	
  Attorney
  in Fact

  	
   

  	
   

  	
  Manager
  - Crude Oil Acquisition

  
	
   

  	
  Title

  	
   

  	
   

  	
   

  
	
  Date:

  	
  1-3-06

  	
   

  	
   

  	
   

  

 

 

	
  STUSCO Purchase
  Contract No.: LPS790268

  Dated: May 1, 2006

  Amendment No.:

  Resaca Exploitation, LP.
  Contract No.:

  	
   

  	
  October 19,
  2006

  

 

Exhibit A

 

	
  RESACA Contact:
  Ms. Mary Frances Deibert

  	
   

  	
  STUSCO Contact: Terry
  Newman

  
	
  Phone: 713-753-1428

  	
   

  	
  Phone: 432-687-4300 ext.
  13

  

 

RESACA’S Sale and Delivery is STUSCO:

 

QUALITY: West Texas Intermediate type crude oil and West Texas
Sour type crude oil.

 

QUANTITY: Equal to production from the lease(s) listed on
Attachment “I”, approximately 125 bpd.

 

DELIVERY: Title and custody shall transfer from RESACA to
STUSCO at the lease into STUSCO’S designated transporters trucks.

 

PRICE: ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** *****

 

***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** *****

 

***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** *****(1)

 

PAYMENT: Due on or before the 20th of the month following the month of delivery

 

TERM: May 1, 2006 through May 31, 2006 and
continuing month to month thereafter until the first of the month following
either party’s thirty (30) days advance written notice of termination.

 

ASSIGNMENT: The Contract shall extend to and be binding upon the
successors and assigns of the Parties, but neither this Contract nor any part,
specifically including the right to receive payment, shall be assigned or
transferred by either Party or by law without the prior written consent of the
other Party, which shall not be unreasonably withheld, and any assignment or
transfer made by either Party without the other Party’s written consent need
not be recognized by and shall not be binding upon the other Party.

 

LIMITATION OF LIABILITY: Neither party shall be liable for indirect, special,
or consequential damages.

 

(1)
CONFIDENTIAL TREATMENT HAS BEEN REQUESTED BY RESACA EXPLOITATION, INC. FOR
CERTAIN PORTIONS OF THIS DOCUMENT. 
CONFIDENTIAL PORTIONS HAVE BEEN FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION.  OMITTED PORTIONS
ARE INDICATED IN THIS AGREEMENT WITH “*****”.

 

 

	
  STUSCO
  Purchase Contract No.: LPS790268

  	
  October 19, 2006

  

Dated:
May 1, 2006

Amendment
No.:

Resaca
Exploitation, LP. Contract No.:

 

HAZARD
COMMUNICATION: Seller shall provide its
Material Safety Data Sheet (“MSDS”) to Buyer. Buyer acknowledges the hazards
and risks in handling and using crude oil. Buyer shall read the MSDS and advise
its employees, its affiliates and appropriate contractors who may purchase or
come into contact with such crude oil, about the hazards of crude oil, as well
as the precautionary procedures for handling said crude oil, which are set
forth in such MSDS and any supplementary MSDS or written warning(s) which
Seller may provide to Buyer from time to time. If seller fails to provide the
MSDS, Buyer will provide MSDS annually to its relevant employees, affiliates,
and appropriate contractors.

 

SPECIAL
PROVISIONS: None

 

 

	
  CUSTOMER
  NAME: RESACA EXPLOITATION, L.P.

  	
  SHELL
  TRADING (US) COMPANY

  
	
  STUSCO/CUSTOMER
  CONTRACT: LPS790268

  	
   

  
	
  AMENDMENT:

  	
         ATTACHMENT
  1

  
	
  REVISED:

  	
   

  

 

	
  LEASE 

  HEADER

  	
   

  	
  LEASE

  NUMBER

  	
   

  	
  PROPERTY
  NAME

  	
   

  	
  COUNTY

  	
   

  	
  STATE

  	
   

  	
  CUSTOMER
  

  LEASE NUMBER

  	
   

  	
  OPERATOR

  	
   

  	
  PRICE 

  BASIS

  	
   

  	
  PLUS/LESS

  $/BBL(2)

  	
   

  	
  DECIMAL

  INTEREST

  	
   

  
	
  42797

  	
   

  	
  42797

  	
   

  	
  COOPER
  JAL (HEADER)

  	
   

  	
  LEA

  	
   

  	
  NM

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  0.5138311

  	
   

  
	
  42797

  	
   

  	
  42804

  	
   

  	
  COOPER
  JAL UNIT TR 1

  	
   

  	
  LEA

  	
   

  	
  NM

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  42797

  	
   

  	
  42806

  	
   

  	
  COOPER
  JAL UNIT TR 2

  	
   

  	
  LEA

  	
   

  	
  NM

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  0.9962500

  	
   

  
	
  42797

  	
   

  	
  42807

  	
   

  	
  COOPER
  JAL UNIT TR 4

  	
   

  	
  LEA

  	
   

  	
  NM

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  42797

  	
   

  	
  42808

  	
   

  	
  COOPER
  JAL UNIT TR 5

  	
   

  	
  LEA

  	
   

  	
  NM

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  0.6727500

  	
   

  
	
  42797

  	
   

  	
  42812

  	
   

  	
  COOPER
  JAL UNIT TR 8

  	
   

  	
  LEA

  	
   

  	
  NM

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  0.5925781

  	
   

  
	
  42797

  	
   

  	
  42813

  	
   

  	
  COOPER
  JAL UNIT TR 18

  	
   

  	
  LEA

  	
   

  	
  NM

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  0.6218750

  	
   

  
	
  42797

  	
   

  	
  42814

  	
   

  	
  COOPER
  JAL UNIT TR 19

  	
   

  	
  LEA

  	
   

  	
  NM

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  0.8356773

  	
   

  
	
  42797

  	
   

  	
  42815

  	
   

  	
  COOPER
  JAL UNIT TR 21

  	
   

  	
  LEA

  	
   

  	
  NM

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  0.9216750

  	
   

  
	
  42797

  	
   

  	
  42816

  	
   

  	
  COOPER
  JAL UNIT TR 22

  	
   

  	
  LEA

  	
   

  	
  NM

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  0.5000000

  	
   

  
	
  42797

  	
   

  	
  42817

  	
   

  	
  COOPER
  JAL UNIT TR 25

  	
   

  	
  LEA

  	
   

  	
  NM

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  0.6593750

  	
   

  
	
  42797

  	
   

  	
  42818

  	
   

  	
  COOPER
  JAL UNIT TR 26

  	
   

  	
  LEA

  	
   

  	
  NM

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  0.5843740

  	
   

  
	
  0

  	
   

  	
  80554

  	
   

  	
  COTTON
  DRAW 9L #1

  	
   

  	
  LEA

  	
   

  	
  NM

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  XTT

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  80577

  	
   

  	
  BT-BN
  25 FED # 25

  	
   

  	
  EDDY

  	
   

  	
  NM

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  XTT

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  42783

  	
   

  	
  S
  M HALLEY

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  42788

  	
   

  	
  O
  CLAPP

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  42794

  	
   

  	
  HOWE
  “A”

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  42795

  	
   

  	
  HENDRICK
  ‘B’

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  42796

  	
   

  	
  CENTRAL
  STATE BANK

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  42819

  	
   

  	
  42819

  	
   

  	
  JORDAN/SAN
  ANDRES/UNIT

  	
   

  	
  CRANE

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  0.0000000

  	
   

  
	
  0

  	
   

  	
  42824

  	
   

  	
  SEALY,
  GEORGE “47”

  	
   

  	
  WARD

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  42831

  	
   

  	
  DRANE

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  42835

  	
   

  	
  MORTON

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  42863

  	
   

  	
  HOWE
  “B” & “C”

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  42864

  	
   

  	
  HOWE,
  J F -A- & B

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  42866

  	
   

  	
  CRENSHAW

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  42867

  	
   

  	
  VADEN

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  42868

  	
   

  	
  ARCO-CUMMINS
  “A”

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  42869

  	
   

  	
  FERNANDES
  RANCH

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  42870

  	
   

  	
  CUMMINS

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  42871

  	
   

  	
  SUN-WALTON

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  42927

  	
   

  	
  COLBY

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  42928

  	
   

  	
  WOODLEY-HALLEY

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  42928

  	
   

  	
  MURKO
  -H-

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  42930

  	
   

  	
  CLAPP

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  42946

  	
   

  	
  DUVAL
  ROYALTY

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  43161

  	
   

  	
  MCCUTCHEN

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  43162

  	
   

  	
  MORTON-TOBE

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  43163

  	
   

  	
  CONTINENTAL-HALLEY

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  43164

  	
   

  	
  ESTILL
  HALLEY UNIT

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  43165

  	
   

  	
  THOMPSON-COWDEN

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  43334

  	
   

  	
  OSCAR
  “A” CLAPP

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  43745

  	
   

  	
  MCCURDY-MCCUTCHEON

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  43753

  	
   

  	
  HALLEY
  -C-

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  43910

  	
   

  	
  IVERSON-COWDEN

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  55805

  	
   

  	
  CLAPP,
  RAY

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  81015

  	
   

  	
  DESPAIN
  HALLEY

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  
	
  0

  	
   

  	
  91235

  	
   

  	
  IDA
  HENDRICK -A-

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
   

  	
   

  	
  TORCH
  ENERGY SERVICES INC

  	
   

  	
  PURR

  	
   

  	
  ****

  	
   

  	
  1.0000000

  	
   

  

 

(2) CONFIDENTIAL TREATMENT HAS BEEN REQUESTED
BY RESACA EXPLOITATION, INC. FOR CERTAIN PORTIONS OF THIS DOCUMENT.  CONFIDENTIAL PORTIONS HAVE BEEN FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.  OMITTED PORTIONS ARE INDICATED IN THIS
AGREEMENT WITH “*****”.

 

1

 

Shell Trading (US) Company

Two Houston Center

909 Fannin Street

Houston, TX 77010-1014

Facsimile: (713) 246 8682

 

Please
note that all contractual correspondence for this deal and all future deals
between our companies must be directed to the following address. STUSCO will
not be held responsible for delays resulting from correspondence sent to any
other place.

 

As
agreed between the respective traders at the time of negotiation. STUSCO is the
documenting party and this Contract is the governing document and any contract
or contract confirmation generated by the Counterparty shall be used solely for
the purpose of confirming detail, e.g., price, term, quantity, quality, and
time, place and method of delivery agreed to at the time of negotiation.

 

Confirming
agreement between Terry Newman of Shell Trading (US) Company and Mary Frances
Delbert of Resaca Operating Company., whereby we mutually agree to amend the
referenced Contract as follows:

 

CONTRACT
REF. NO. LPS790268 AMENDMENT 004

 

Effective
AUGUST 1, 2009 PRICE CHANGE as listed on Attachment 1.

 

All
other terms and conditions remain unchanged.

 

CONTRACTUAL
CONTACT:

	
  Name Jacobo Villarreal

  	
  Telephone
  No.: 713-230-3626

  	
   

  	
  Fax
  No.: 713-246-8682

  
	
   

  	
   

  	
   

  	
   

  
	
  CREDIT CONTACT:

  	
   

  	
   

  	
   

  
	
  Counterparties (A-L)

  	
   

  	
   

  	
   

  
	
  Name: Saud Qazi

  	
  Telephone
  No.: 713-230-7832

  	
   

  	
  Fax
  No.: 713-230-7925

  
	
   

  	
   

  	
   

  	
   

  
	
  Counterparties (M-Z)

  	
   

  	
   

  	
   

  
	
  Name: Steve Clarke

  	
  Telephone
  No.: 713-767-5336

  	
   

  	
  Fax
  No.: 713-230-7925

  
	
   

  	
   

  	
   

  	
   

  
	
  INVOICING CONTACT:

  	
   

  	
   

  	
   

  
	
  Name: Ken Currens

  	
  Telephone
  No.: 713-230-3410

  	
   

  	
  Fax
  No.: 713-230-5150

  
	
   

  	
   

  	
   

  	
   

  
	
  MSDS CONTACT:

  	
   

  	
   

  	
   

  
	
  Name: STUSCO HSE Department

  	
   

  	
   

  	
  Fax
  No.: 713-246-8941

  
	
  Email: HSE-Shell-Trading-NA@SHELL.com

  	
   

  	
   

  	
   

  

 

Please
ensure that you quote our contract ref. LPS790268 in all correspondence.

 

Please
confirm by fax to (713) 246 8682 that the foregoing is a full and accurate
record of the agreement reached between us. If a reply is not received within
TEN (10) business days it will constitute acceptance of the terms herein.

 

Regards,

Shell
Trading (US) Company

 

 

	
  By:

  	
  /s/
  [ILLEGIBLE]

  	
   

  	
  By:

  	
  /s/ Ralph E. Carthrae

  
	
  For Terry Newman

  	
   

  	
  Resaca
  Operating Company

  

 

 

PRICE CODE REFERENCE SHEET(3)

 

***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** *****

 

***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** *****

 

***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** *****

 

***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** *****

 

***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** *****

 

***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** *****

 

***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** *****

 

***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** *****

 

***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** *****

 

***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
***** ***** ***** ***** ***** ***** ***** ***** *****(3)

 

(3) CONFIDENTIAL TREATMENT HAS BEEN REQUESTED
BY RESACA EXPLOITATION, INC. FOR CERTAIN PORTIONS OF THIS DOCUMENT.  CONFIDENTIAL PORTIONS HAVE BEEN FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.  OMITTED PORTIONS ARE INDICATED IN THIS
AGREEMENT WITH “*****”.

 

 

	
  CUSTOMER
  NAME: RESACA OPERATING COMPANY

  	
  SHELL TRADING (US) COMPANY

  
	
  STUSCO/CUSTOMER
  CONTRACT: LPS790268

  	
   

  
	
  AMENDMENT: 004

  	
  ATTACHMENT 1

  

 

	
  LEASE

  HEADER

  	
   

  	
  LEASE

  NUMBER

  	
   

  	
  PROPERTY NAME

  	
   

  	
  COUNTY

  	
   

  	
  STATE

  	
   

  	
  OPERATOR

  	
   

  	
  PRICE

  BASIS

  	
   

  	
  PLUS/LESS

  S/BBL (4)

  	
   

  	
  DECIMAL

  INTEREST

  	
   

  	
  PAYMENT

  TERMS

  	
   

  	
  TAX

  STATUS

  
	
  42819

  	
   

  	
  42819

  	
   

  	
  JORDAN/SAN ANDRES/UNIT

  	
   

  	
  CRANE

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  0.0000000

  	
   

  	
  DB

  	
   

  	
  A

  
	
  42819

  	
   

  	
  42947

  	
   

  	
  JORDAN SAN ANDRES UNIT
  TR 1

  	
   

  	
  CRANE

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DB

  	
   

  	
  A

  
	
  42819

  	
   

  	
  42948

  	
   

  	
  JORDAN SAN ANDRES UNIT
  TR 2

  	
   

  	
  CRANE

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DB

  	
   

  	
  A

  
	
  42819

  	
   

  	
  42949

  	
   

  	
  JORDAN SAN ANDRES UNIT
  TR 3

  	
   

  	
  CRANE

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DB

  	
   

  	
  A

  
	
  42819

  	
   

  	
  42950

  	
   

  	
  JORDAN SAN ANDRES UNIT
  TR 4

  	
   

  	
  CRANE

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DB

  	
   

  	
  A

  
	
  42819

  	
   

  	
  42951

  	
   

  	
  JORDAN SAN ANDRES UNIT
  TR 5

  	
   

  	
  CRANE

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DB

  	
   

  	
  A

  
	
  42819

  	
   

  	
  42952

  	
   

  	
  JORDAN SAN ANDRES UNIT
  TR 6

  	
   

  	
  CRANE

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DB

  	
   

  	
  A

  
	
  42819

  	
   

  	
  42953

  	
   

  	
  JORDAN SAN ANDRES UNIT
  TR 7

  	
   

  	
  CRANE

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DB

  	
   

  	
  A

  
	
  42819

  	
   

  	
  42954

  	
   

  	
  JORDAN SAN ANDRES UNIT
  TR 8

  	
   

  	
  CRANE

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DB

  	
   

  	
  A

  
	
  42819

  	
   

  	
  42955

  	
   

  	
  JORDAN SAN ANDRES UNIT
  TR 9

  	
   

  	
  CRANE

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DB

  	
   

  	
  A

  
	
  0

  	
   

  	
  80554

  	
   

  	
  COTTON DRAW 9L#1

  	
   

  	
  LEA

  	
   

  	
  NM

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  XTT

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DB

  	
   

  	
  A

  
	
  0

  	
   

  	
  80577

  	
   

  	
  BT-BN 25 FED #25

  	
   

  	
  EDDY

  	
   

  	
  NM

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  XTT

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DB

  	
   

  	
  A

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  EFFECTIVE AUGUST 01, 2009: PRICE CHANGE

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  0

  	
   

  	
  42783

  	
   

  	
  S M HALLEY

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  42786

  	
   

  	
  O CLAPP

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  42794

  	
   

  	
  HOWE “A”

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  42795

  	
   

  	
  HENDRICK ‘B’

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  42796

  	
   

  	
  CENTRAL STATE BANK

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  42824

  	
   

  	
  SEALY, GEORGE “47”

  	
   

  	
  WARD

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  42831

  	
   

  	
  DRANE

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  42835

  	
   

  	
  MORTON

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  42863

  	
   

  	
  HOWE “B” & “C”

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  42864

  	
   

  	
  HOWE, J F -A- & B

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  42866

  	
   

  	
  CRENSHAW

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  42867

  	
   

  	
  VADEN

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  42865

  	
   

  	
  ARCO-CUMMINS “A”

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  42868

  	
   

  	
  FERNANDES RANCH

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  42870

  	
   

  	
  CUMMINS

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  42871

  	
   

  	
  SUN-WALTON

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  42927

  	
   

  	
  COLBY

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  42928

  	
   

  	
  WOODLEY-HALLEY

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  42929

  	
   

  	
  MURKO -H-

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  42930

  	
   

  	
  CLAPP

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  42946

  	
   

  	
  DUVAL ROYALTY

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  43161

  	
   

  	
  MCCUTCHEN

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  43162

  	
   

  	
  MORTON, TOBE

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  43163

  	
   

  	
  CONTINENTAL-HALLEY

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  43164

  	
   

  	
  ESTILL HALLEY UNIT

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  43165

  	
   

  	
  THOMPSON-COWDEN

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  43334

  	
   

  	
  OSCAR “A” CLAPP

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  43745

  	
   

  	
  MCCURDY-MCCUTCHEON

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  43753

  	
   

  	
  HALLEY -C-

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  43910

  	
   

  	
  INVERSON-COWDEN

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  55605

  	
   

  	
  CLAPP, PAY

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  81015

  	
   

  	
  DESPAIN HALLEY

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  
	
  0

  	
   

  	
  91235

  	
   

  	
  IDA HENDRICK -A-

  	
   

  	
  WINKLER

  	
   

  	
  TX

  	
   

  	
  RESACA OPERATING
  COMPANY

  	
   

  	
  PRR

  	
   

  	
  *****

  	
   

  	
  1.0000000

  	
   

  	
  DA

  	
   

  	
  B

  

 

(4) CONFIDENTIAL TREATMENT HAS BEEN REQUESTED
BY RESACA EXPLOITATION, INC. FOR CERTAIN PORTIONS OF THIS DOCUMENT.  CONFIDENTIAL PORTIONS HAVE BEEN FILED SEPARATELY
WITH THE SECURITIES AND EXCHANGE COMMISSION. 
OMITTED PORTIONS ARE INDICATED IN THIS AGREEMENT WITH “*****”.

 

 

	
  CUSTOMER NAME: RESACA
  OPERATING COMPANY

  	
  SHELL TRADING (US) COMPANY

  
	
  STUSCO/CUSTOMER
  CONTRACT: LPS790268

  	
   

  
	
  AMENDMENT:
  004

  	
  ATTACHMENT 1

  

 

PAYMENT TERMS

CI = BY STUSCO TO SELLER AFTER RECEIPT OF INV

DA = BY STUSCO TO SELLER

DB = BY STUSCO TO INDIVIDUAL INTEREST OWNERS

MX = BY STUSCO TO SELLER

 

TAX STATUS

A = STUSCO IS IST PURCHASER, STUSCO WILL
COLLECT & REMIT

B = TO BE PAID BY SELLER

C = STUSCO WILL COLLECT AND REMIT APPLICABLE
TAXES

D = TO BE PAID BY SELLER

E = PURCHASER REQUIRED TAXES ARE TO BE PAID
BY STUSCO

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00169-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00169-of-00352.parquet"}]]