Document:

Exhibit 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 STUSCOExhibit 10.65

 

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 “*****”.

 

 

July 10, 2009

 

ConocoPhillips Company

505 N. Big Spring Street,
Suite 600

Midland, TX 79701

 

Attention: Mark Hunter

 

Re:       Resaca Contract Number: RES-0016LS

ConocoPhillips Contract Number:

 

Resaca and ConocoPhillips
mutually agree to amend the subject contract by end-dating the Grand Clearfork
Unit effective August 1, 2009. All other terms and conditions remain
unchanged.

 

	
  QUALITY:

  	
  West Texas Sour type
  crude oil.

  
	
   

  	
   

  
	
  TERM:

  	
  September 1, 2008
  through September 30, 2008 and continuing thereafter until cancelled by
  either party with 30 days written notice.

  
	
   

  	
   

  
	
  QUANTITY:

  	
  All Resaca
  Exploitation, Inc.’s owned or controlled interest in the leases as
  represented by the attached Exhibit A. The current volume is estimated
  to be approximately 550 barrels per day.

  
	
   

  	
   

  
	
  DELIVERY:

  	
  Title and risk of loss
  shall transfer to ConocoPhillips as the crude exits the lease tankage into
  ConocoPhillips’s designated carrier.

  
	
   

  	
   

  
	
  PRICE:

  	
  ConocoPhillips shall
  hold the basic Division Order and pay Resaca and Resaca’s burdens for each
  barrel of crude oil delivered ***** ***** ***** ***** ***** ***** ***** *****
  ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
  ***** ***** ***** less the transportation and handling deduction listed on
  the attached Exhibit A. For pricing purposes all oil shall be considered
  to have been delivered in “equal daily quantities”.

  
	
   

  	
   

  
	
  CONTACTS:

  	
  Resaca Marketing: Mary
  Frances Deibert, 713-753-1428 or fax 713-759-0805 ConocoPhillips Marketing: Mark
  Hunter, 432-682-8241 or fax (432) 686-7922

  
	
   

  	
   

  
	
  PAYMENT:

  	
  Payment shall be made
  based on crude oil pipeline meter statements or crude oil run tickets by wire
  transfer or other electronic transfer of funds on or before the 20th of the
  month following the month of delivery Wire transfer instructions are:

  
	
   

  	
   

  
	
   

  	
  Amegy Bank Texas

  
	
   

  	
  ABA: 113011258

  
	
   

  	
  A/C: 51895680

  
	
   

  	
  Account of Resaca

  
	
   

  	
  Reference: Lease
  Payment Detail

  
	
   

  	
   

  
	
  CREDIT:

  	
  ConocoPhillip’s
  compliance with Resaca’s credit policies and requirements shall be a
  condition precedent to Resaca’s obligation to deliver crude oil under this
  Agreement. Furthermore, when reasonable grounds for insecurity of payment

  

 

1331
LAMAR, SUITE #1450  HOUSTON, TEXAS 77010-3039

MAIN:
713.650.1246  FAX: 713.655.1711

WWW.RESACAEXPLOITATION.COM

 

 

	
   

  	
  anse, Resaca may demand
  adequate assurance of payment, including, but not limited to, letters of
  credit, surety bonds or other guarantees acceptable to Resaca.

  
	
   

  	
   

  
	
  GENERAL

  	
   

  
	
  PROVISIONS:

  	
  All other terms and
  conditions not specifically stated shall be governed by Conoco’s General
  Provisions dated January 1, 1993.

  

 

Please acknowledge your
acceptance of this amendment by executing both originals provided and returning
one for our records within 10 (ten) business days.

 

Agreed to and accepted
by:

 

	
  Resaca Exploitation, Inc.

  	
   

  	
  ConocoPhillips Company

  
	
   

  	
   

  	
   

  
	
  /s/ Ralph E. Carthrae 

  	
   

  	
  /s/ Mark Hunter

  
	
  Ralph E. Carthrae 

  	
   

  	
  Name

  
	
  Vice President

  	
   

  	
  LEASE CRUDE RED. -
  CONOCOPHILLIPS.

  
	
   

  	
   

  	
  Title

  
	
  July 13, 2009

  	
   

  	
  7/17/2009

  
	
  Date

  	
   

  	
  Date

  

 

 

Exhibit A

Contract
RES-0016LS between

Resaca Exploitation, Inc. (Buyer) and ConocoPhillips Company (Seller)

Effective September 1, 2008

as amended July 10, 2009

 

	
  Effective

  Date

  	
   

  	
  End

  Date

  	
   

  	
  Lease Name

  	
   

  	
  Operator

  	
   

  	
  County

  	
   

  	
  State

  	
   

  	
  Percent

  	
   

  	
  Transportation

  and Handling

  Deduction(1)

  	
   

  
	
  9/1/2008

  	
   

  	
   

  	
   

  	
  Cooper Jal Unit

  	
   

  	
  Torch

  	
   

  	
  Eddy

  	
   

  	
  NM

  	
   

  	
  90.608586

  	
   

  	
  *****

  	
   

  
	
  9/1/2008

  	
   

  	
   

  	
   

  	
  Edwards Field Grayburg
  Unit

  	
   

  	
  Torch

  	
   

  	
  Ector/Crane

  	
   

  	
  TX

  	
   

  	
  100

  	
   

  	
  *****

  	
   

  
	
  9/1/2008

  	
   

  	
  8/1/2009

  	
   

  	
  Grand Clearfork Unit

  	
   

  	
  Torch

  	
   

  	
  Pecos

  	
   

  	
  TX

  	
   

  	
  100

  	
   

  	
  *****

  	
   

  
	
  9/1/2008

  	
   

  	
   

  	
   

  	
  Eva Kayser

  	
   

  	
  Torch

  	
   

  	
  Ector

  	
   

  	
  TX

  	
   

  	
  100

  	
   

  	
  *****

  	
   

  

 

(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 “*****”.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00166-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00166-of-00352.parquet"}]]