Document:

<PAGE>

Exhibit 10.5

                  AGREEMENT FOR THE PURCHASE AND SALE OF ASSETS
                  ---------------------------------------------

         This is an Agreement for the Purchase and Sale of Assets made this 11th
day of August, 2005, between Vacation and Cruise Resources, Inc. DBA Miami
Cruise Center, a Florida Corporation, (hereinafter referred to as "Seller") and
Joystar, Inc., a California Corporation, (hereinafter referred to as "Buyer"),
whose address is 9574 Harding Ave., Surfside, Dade County, Florida 33154 with
reference to the following facts:

                  A. Seller is the owner of certain assets and lessee under a
month to month tenancy used in connection with the operation of a travel agency
known as Miami Cruise Center (hereinafter referred to as the "Business").

                  B. Seller desires to sell to Buyer and Buyer desires to
purchase from Seller certain assets of the Business (hereinafter referred to as
the "Assets"), subject to the terms and conditions set forth in this Agreement.

                  NOW, THEREFORE, in consideration of the promises and the
agreements contained herein the parties agree as follows:

                                   SECTION 1.
                           PURCHASE AND SALE OF ASSETS
                           ---------------------------

         1. At the Closing, as hereinafter defined, Buyer agrees to purchase
from Seller and Seller agrees to sell to Buyer, on the terms and conditions set
forth herein, the following Assets owned by Seller:

                  (a) The travel agency businesses known as Vacation and Cruise
Resource, Inc. DBA Miami Cruise Center, located in Dade County, Florida 33154.

                  (b) The telephone system and or numbers presently operated by
the travel agency of Seller and used in connection with the Business.

                  (c) The goodwill of the Business, including without
limitations the names Vacation and Cruise Resource, Inc. DBA Miami Cruise
Center.

                  (d) All of the office furniture, furnishings, fixtures and
equipment used in the Business located at 9574 Harding Ave., Surfside, Dade
County, Florida 33154 as set forth in the inventory attached hereto as Exhibit
"1" and by this reference made a part hereto. Specifically excluded are the
artwork, personal photographs and personal effects that belong to the Seller,
and set out in Exhibit "1".

                  (e) All leasehold improvements of Seller at 9574 Harding Ave.,
Surfside, Dade County, Florida 33154.

<PAGE>

                  (f) All customer files, customer lists, existing commercial
accounts and work in process of the Business; the customer list is attached
hereto as Exhibit "2" and by this reference made a part hereto.

                  (g) All deposits of customers held by the Business and on hand
at the Closing and not yet remitted to travel suppliers, together with
documentation explaining or relating to said deposits, which shall be
transferred to Buyer at Closing.

                  (h) Seller's CLIA number or other regulatory appointments.
Buyer is not purchasing the right to transfer Seller's ARC number to Buyer.

                  (i) All miscellaneous office equipment, supplies, including
current subscriptions, located or sent to the Business or premises.

                  (j) All existing tours, groups or programs developed for sale
to the clients and future clients of the Business.

                  (k) All correspondence files, research data, reports,
performance history with respect to the business (expect documents and records
which relate to or comprise Seller's accounting and tax records).

                  (l) The assignment of Seller's rights (to the extent same are
assignable) to all insurance, bonds, licenses, permits in the name of the
Business or by which the business is conducted, subject to the requirement to
make notification of transfer rights. Seller shall use its best efforts to
obtain said assignments.

                  (m) All electronic and data processing files, programs and
records used in connection with the Business.

                  (n) All contracts, agreements and arrangements between the
Seller and its various suppliers (including suppliers of service as well as
goods and materials and any override agreements) entered into in connection with
the Business and referenced in Exhibit "3" attached hereto and made a part of
this Agreement.

                  (o) All reservations and orders for trips, tours, and other
services and programs offered by seller in connection with the Business whether
or not completed prior to Closing.

                  (p) All assets acquired after the date of this Agreement and
prior to the Closing if such assets would have been a part of the Business.

                  (q) Seller shall transfer all of the intangible assets,
including but not limited to, trade names, common law or actual trademarks,
service marks and copyrights. Buyer has agreed that Seller shall transfer all of
the presently intangible assets, including but limited to, trade names, common
law or actual trademarks, service marks and copyrights. Buyer and Seller agree
that the Travelmoore name is an asset exclusively owned by Buyer as of the
Closing.

                                       2
<PAGE>

         1.2 The following assets will be excluded from the Asset Purchase and
remain an asset of Seller:

                  (a) Balances in all existing bank accounts (other than
customer deposits), accounts receivable of the Business as of the date of the
Closing, and tax deposits made by the Business.

                                   SECTION 2.
                                 PURCHASE PRICE
                                 --------------

         As full payment for the transfer of the assets, assumption of the
contracts and liabilities as set forth herein, and assignments by Seller to
Buyer, Buyer agrees to pay to Seller the sum of Ninety Three Thousand Seven
Hundred and Fifty dollars ($93,750.00) payable as follows:

                  (a) A check in the amount of Fifteen Thousand dollars
($15,000.00).

                  (b) An additional sum of Ten Thousand dollars ($10,000.00)
shall be paid to Seller in two payments of Five Thousand dollars ($5,000.00)
each, 30 days and 60 days of the anniversary of closing. .

                  (c) One Hundred Thirty Seven Thousand Five Hundred (137,500)
restricted shares of Joystar, Inc.

                                   SECTION 3.
                                SALES AND USE TAX
                                -----------------

         4. Seller shall pay all sales and use taxes arising out of the transfer
of the Assets. Buyer shall not be responsible for any business, occupation,
withholding or similar tax or any taxes of any kind relating to any period prior
to the Closing.

                                   SECTION 4.
                     ASSUMPTION OF CONTRACTS AND OBLIGATIONS
                     ---------------------------------------

         5. At the Closing, Buyer will assume the following financial
obligations but will not have the contracts or leases put in Buyer's name unless
Buyer agrees to, in writing, a part of this Agreement.

                  (a) The payments are the only obligation relating to the CRS
contract as stated hereinabove in Section 1(q).

                                       3
<PAGE>

                  (b) The premises at 9574 Harding Ave., Surfside, Dade County,
Florida 33154. Buyer agrees to pay any financial obligation arising from the
Business residing at that location at the time of closing.

                  (c) If there are any contracts or obligations that Buyer
specifically will assume these will be listed as an attachment hereto as Exhibit
"4" and by this reference made a part thereof.

                                   SECTION 5.
                                     CLOSING
                                     -------

         6. The Closing shall occur no later than sixty (60) days after the
execution of this Agreement.

                  (a) Buyer and Seller agree to meet no less than 7 calendar
days shortly before the Closing in order to jointly quantify and inventory all
assets being transferred to Buyer. The Parties hereto agree Seller will transfer
the customer deposits existing at the time of this meeting herein described
along with a list of all deposits currently on hand. Buyer shall acknowledge the
same by written receipt.

                  (b) Seller shall deliver at the Closing a Bill of Sale for the
Business along with any and all documents required for Buyer to effect full
possession and control of the Business.

                  (c) On the Closing date, the Buyer shall begin paying all
costs and expenses necessary for the operation of the Business, including but
not limited to rent, personal property taxes, and other payments made or to be
made by Seller, pursuant to the rental agreement together with all taxes,
special assessments, insurance premiums, bonding costs and expenses, telephone
charges, employees, salaries and miscellaneous expenses. The Parties shall
prorate the cost of such items as of the Closing, and the Buyer charged for the
period thereafter.

                  (d) All override commissions earned prior to the Closing shall
belong to the Buyer.

                  (e) All commissions, service fees and payments for services
where deposits were made while Seller owned the Business but final payment has
not been made as of the Close, shall belong to the buyer.

                  (f) Recalled commissions, credits and refunds to Clients, and
other debits to the business shall be charged to the Buyer and Seller in a
manner determined by the date of the transaction, so that Seller is responsible
for debits on invoices dated prior to the Closing.

                  (g) Seller shall pay to the employees all accrued vacation
time and medical days off for all employees and any other employee benefits
which accrued prior to the Closing. This is to be paid at the Closing directly
to the employees.

                                       4
<PAGE>

                  (h) Seller shall have the right to cancel Seller's agreements
with the utility companies so long as Buyer is provided an opportunity to obtain
the furnishings of such utilities to the premises in Buyer's name without any
interruptions in service. Any refund of deposit for services shall be returned
to Seller.

                  (i) Seller, at the Closing, shall assign to Buyer any and all
rights to use the names "Vacation and Cruise Resources, Inc. DBA Miami Cruise
Center."

                  (j) Seller must notify the Attorney General's Office, or other
applicable entity(s) of the sale pursuant to any forum state Seller of Travel
Law.

                                   SECTION 6.
                            CONDITION TO THE CLOSING
                            ------------------------

         7. The obligations of each Party hereto to close the transaction
contemplated by this Agreement at the Closing shall be conditioned upon: 1) the
performance on or before the Closing of the obligations of the other Parties
hereto to be preformed by them on or before the Closing; and 2) the accuracy of
all representations and warranties of the Parties hereto, on, and as if made on
the date of the Closing. Satisfaction of any such condition of the Closing may
be waived by the Party entitled to the satisfaction of such conditions:

                  (a) At the Closing, Seller shall deliver to Buyer the
following:

                           1. Bill of Sale, assignments and such other
instruments of transfer and documents as may be necessary or appropriate to
transfer, convey and assign to Buyer good and marketable title to all assets;

                           2. Assignments, commitments or documents which Seller
is a Party to on the Closing date;

                           3. Seller will deliver to Buyer a check payable to
the Buyer for all customer deposits belonging to Buyer after Closing;

                           4. List of accounts receivable.

                  (b) At the Closing, the Buyer will deliver to the Seller the
following:

                           1. A check in the sum of Fifteen Thousand dollars
($15,000.00) as required in section 2(b);

                           2. Acceptance of agreed to contract assignments and
obligations;

                           3. Promissory Note for the balance of the purchase
price; per Sec. 2(c)

                  (c) Seller covenants that from this Agreement until the
Closing:

                           1. Buyer and its accountants and other
representatives shall have full access during normal
business hours to all data and information concerning the business and finances
of the Agency that may be reasonably requested. Buyer agrees that if for any
reason the transaction contemplated hereby shall not be consummated, it will

                                       5
<PAGE>

hold in confidence all non-public information it may have learned or obtained
concerning the business and return to Seller all books, records, documents and
other written information obtained by it in the course of any investigation
hereunder.

                           2. Seller will carry on its business and activities
diligently and in substantially the same manner as it previously has been
carried out, and shall not make or institute any unusual or novel methods or
sale, management or operation that will vary materially from those methods used
by Seller as of the date of the Agreement.

                           3. Seller will use its best efforts to preserve its
business organization intact, to keep available to Seller its present employees
and to preserve its present relationship with suppliers, customers and other
having a business relationship with it. Seller will not make any personal
changes or adjust any salaries or other compensation or benefits without Buyer's
approval. Seller will not enter into any new contract or amend any existing
contract, agreement or obligation without Seller's knowledge previously to
signing any said obligation.

                           4. Seller will continue to carry its existing
insurance until Closing, and after when warranted.

                                   SECTION 7.
       REPRESENTATION, WARRANTIES, AND COVENANTS OF SELLER AND STOCKHOLDER
       -------------------------------------------------------------------

         8. Seller and Stockholder, in order to induce Buyer to enter into this
Agreement and to complete the transactions herein contemplated, make the
following representations, warranties, covenants and agreements, jointly and
severally:

                  (a) Seller is a corporation duly organized and validly
existing and in good standing under the laws of the State of Florida, with full
power, corporate and other, to own its assets and to conduct the Business in
which it is now engaged. Seller does not conduct any portion of the Business
through a subsidiary or in any other form of common enterprise with another
person or entity.

                  (b) Seller has the full right, power, legal capacity and
authority to enter into this Agreement and to perform its or their respective
obligations hereunder.

                  (c) At the Closing, Seller shall have good and marketable
title to, and shall have the full right to sell, assign, transfer and convey to
Buyer each item of personal property included in the Business and personal
property is free and clear of any conditional sales contract or encumbrance
against the property.

                  (d) Seller does not own, use or rely upon any trademarks;
trade names, franchises or related names other than Vacation and Cruise
Resources, Inc. DBA Miami Cruise Center.

                                       6
<PAGE>

                  (e) Upon the transfer and assignments of the assets and
Business, Buyer will have acquired good and marketable title to the sale and
exclusive ownership of the assets of the Business free and clear, unless
disclosed in writing to the Buyer in an Exhibit to this Agreement.

                  (f) All employees of Seller will be terminated at Closing by
Seller. No employee can make a claim for vacation or sick leave to Buyer. There
are no employment agreements to which Seller is a Party or by which Seller is
bound.

                  (g) Except as set forth in Exhibit "6", there are no bonus,
incentive, profit-sharing, pension, retirement, deferred compensation, or other
employee pension or fringe benefit programs.

                  (h) Except as set forth in Exhibit "7", to Seller's knowledge
there are no actions, suits, proceedings or claims pending, threatened against
or affecting Seller or any portion of the Business. There are no orders,
judgments or decrees outstanding against Seller.

                  (i) Seller is in compliance with all laws, ordinances,
requirements, decrees and orders which materially affect the Business.

                  (j) Exhibit "8" is a complete list of all accounts of the
Business who have purchased travel during the last twelve (12) months. There has
not been a material change in the clients except those already discussed with
Buyer. Seller cannot warrant or represent that Clients will remain after the
Closing but Seller will make all efforts to assure that Clients are maintained
and serviced as previously by the Business.

                  (k) Seller has filed all taxes within the legal requirements
and has paid said taxes, fees or assets of any nature to anyone which will
affect Buyer's title to the Assets.

                                   SECTION 8.
                     REPRESENTATIONS AND WARRANTIES OF BUYER
                     ---------------------------------------

         9. Buyer, in order to induce Seller to enter into this Agreement and to
consummate the transaction herein contemplated, make the following
representations, warranties and agreements:

                  (a) Buyer is not subject to any corporate restrictions that
would prevent or restrict it from executing and delivering this Agreement or
acquiring the Business and paying the purchase price therefore, in accordance
with the terms hereof.

                  (b) Buyer represents that it is duly authorized to enter into
this Agreement and perform its obligations hereunder.

                  (c) Buyer represents that it is a corporation duly organized
and in good standing under the laws of Florida.

                                       7
<PAGE>

                                   SECTION 9.
                                 INDEMNIFICATION
                                 ---------------

         12. Seller will protect, defend, indemnify, and hold harmless Buyers
from and against (i) any and all liabilities, obligations, debits or
commitments, of Seller or the Business arising from any action that occurred
prior to the closing and not expressly assumed by Buyer hereunder, and (ii) any
and all demands, claims, recoveries, obligations, losses, damages, deficiencies
and liabilities and all related costs, expenses (including Attorney's fees),
interest and penalties which Buyer shall incur or suffer which arise, result
from or relate to (a) the breach of, or failure to perform or satisfy any of the
representations, warranties, covenants or agreements made by Seller under this
Agreement, (b) any action, suit, proceeding, claims, arbitration or
investigation pending, threatened against or affecting Seller or any portion of
the Business as of the Closing date, in any Court or before any governmental
agency or instrumentality based upon or arising from any act, event, or
transaction involving, or any action taken by Seller which occurred, existed or
was taken on or before the Closing, regardless of when liability therefore shall
be deemed or claimed to arise.

         12.1 Buyer will protect, defend, indemnify and hold harmless Seller
from and against any and all demands, claims, recoveries, obligations, losses,
damages, deficiencies and liabilities and all related costs, expenses (including
Attorney's fees), interest and penalties which Seller incur or suffer and arise,
result from, or relate to (a) the breach of, or failure to perform or satisfy,
any of the representations, warranties or covenants made by Buyer in or under
this Agreement or (b) any claim or claims made or threatened against Seller
based upon or arising from any act, event, or transaction involving the conduct
of Buyer, Buyer's employees, contractors or Agents working with or in the
Business after the Closing.

         12.2 With respect to those actions described I Sec. 12, 12.1 above,
Buyer shall give Seller, and Seller shall give Buyer, prompt notice of the
assertion or commencement of any action, suit, claim proceeding, arbitration or
investigation, and shall give said Party receiving notice a reasonable
opportunity to defend same as its own expense and with counsel of its own
selection; provided that the Party giving notice shall at all times also have
the right to fully participate in the defense at its own expense. If the Party
receiving notice shall fail to defend in a reasonable time, the Party giving
notice shall have the right but not the obligation to undertake the defense of
the claims on behalf of the other Party. If the claims are against the Seller,
and the Seller is adjudicated at fault and the Buyer has defended the action,
the Buyer has the right to offset the cost of litigation and/or judgment against
the balance due Seller under this Agreement.

                                   SECTION 10.
                                ENTIRE AGREEMENT
                                ----------------

                                       8
<PAGE>

         13. This Agreement including Exhibits constitutes the entire Agreement
between the Parties hereto and supersedes all prior and contemporaneous
Agreements, understanding negotiations, letter of intent and discussions between
the Parties and their counsel, and there are no warranties, representations,
covenants or other agreements between the Parties in connection with the subject
matter except as specified herein. Any modification of this Agreement must be
executed in writing and signed by both Seller and Buyer. No waiver of any of the
provisions of this Agreement shall be deemed or construed as a waiver or any
other provision herein, whether or not similar, nor shall any waiver constitute
a continuing waiver unless expressly provided.

                                   SECTION 11.
                             ATTORNEY REPRESENTATION
                             -----------------------

         14. The Parties acknowledge that the Law Office of Alexander Anolik has
represented Joystar, Inc. in this transaction and in connection with the
negotiations and has not provided advice to Seller.

                                   SECTION 12.
                          MODIFICATION OF THE AGREEMENT
                          -----------------------------

         15. The Parties hereto may amend or modify this Agreement in such
manner as may be agreed upon by a written instrument executed by the Parties.

                                   SECTION 13.
                                   SUCCESSORS
                                   ----------

         16. This Agreement shall benefit and be binding upon the respective
heirs, executors, administrators, legatees, distributes, devisees,
representatives, assigns and other successors of each Party.

                                   SECTION 14.
                              EXECUTORY PROVISIONS
                              --------------------

         17. The Parties hereto agree to execute and deliver any other
documents, and to take any other actions which may be necessary to carry out the
full intent and purpose of this Agreement.

                                   SECTION 15.
                                 INTERPRETATION
                                 --------------

         18. This Agreement has been negotiated by and entered into by and among
the Parties in the County of Orange State of California and this Agreement shall
be construed and interpreted according to the laws of the State of California.

                                       9
<PAGE>

                                   SECTION 16.
                                   ARBITRATION
                                   -----------

         19. Any dispute or claim in law or equity arising out of this agreement
will be decided by neutral binding arbitration in accordance with applicable
state law and not by court action except as provided by California law for
judicial review or arbitration proceedings. Judgment upon the award rendered by
the arbitrator may be entered in any court having jurisdiction. The parties will
have the right to discovery in accordance with applicable state law.

                                   SECTION 17.
                                 ATTORNEY'S FEES
                                 ---------------

         20. In the event any action or suit commenced between the Parties
hereto relating to this Agreement, the prevailing Party in such litigation shall
be entitled to collect from the other Party all reasonable Attorney's fees and
court costs incurred by such prevailing Party in enforcing the provisions of
this Agreement.

                                   SECTION 18.
                                      NOTES
                                      -----

         21. All notices, requests and communications required or permitted
hereunder shall be in writing and shall be deemed to have been duly given if
delivered by hand or mailed, certified or registered, with postage prepaid.

                  A.   To Seller:   Larry B. Norman
                                    c/o Miami Cruise Center
                                    9574 Harding Ave.
                                    Surfside, Dade County, Florida 33154

                  B.  To Buyer:     William M. Alverson c/o Joystar, Inc.
                                    95 Argonaut Suite 100
                                    Aliso Viejo, CA  92656

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

                                       10
<PAGE>

SELLER:                                     __________________________

                                    BY:     __________________________
                                            (______________________)

BUYER:                              (_______________________)

                                    BY:     ___________________________
                                            (___________________)

                                       11QuickLinks
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Exhibit 10.20    
    

(Taylor Logo) 

	
1045 Keystone Avenue

Tussa Port of Catoosa

Catoosa, OK 74015	
 	

Phone: (918) 266-7301

Fax: (918) 266-5223

sales@taylorrigs.com

C500 WORKOVER UNIT PACKAGE  

Contract & Acceptance Agreement: CP-05-055
 Prepared for 

Mr. Dub Harrison

Basic Energy Service

P.O. Box 10460

Midland, TX 79702 

DATE:
November 10, 2005 

 
 
 

TABLE OF CONTENTS    
    

	SECTION 1—GENERAL DESCRIPTION	 	p. 3
	SECTION 2—ENVIRONMENTAL PARAMETERS	 	p. 4
	SECTION 3—TECHNICAL SPECIFICATIONS	 	p. 4
	SECTION 4—ACCESSORIES	 	p. 11
	SECTION 5—RIG OPTIONS	 	p. 12
	SECTION 6—RIG SPARES	 	p. 13
	SECTION 7—DELIVERY & COMMISSIONING	 	p. 14
	SECTION 8—DOCUMENTATION	 	p. 15
	SECTION 9—WARRANTY	 	p. 16
	SECTION 10—PRICING	 	p. 18
	SECTION 11—STANDARD TERMS & CONDITIONS	 	p. 19
	SECTION 12—PARTS SALE AGREEMENT	 	p. 20
	SECTION 13—EXPEDITING OPTION	 	p. 21
	SECTION 14—CONTRACT ACCEPTANCE	 	p. 22

2

 

SECTION 1—GENERAL DESCRIPTION  

        The Taylor C500 Workover Unit is a heavy-duty service package mounted on a 5-axle off-road carrier. The unit is comprised of a
carrier, power package, drawworks, and mast. The package is for highly mobile land operations. 

        The
rig carrier is a proprietary design manufactured by Taylor Rigs. The carrier has 5 axles with 4 driving hubs. Axle location is specifically engineered for optimum weight
distribution, minimal turning radius, and heavy-duty off-road operations. 

        The
power package is comprised of (1) one 475 hp diesel engine with automatic transmission. The engine and transmission combination has been reviewed by the component
manufacturers for correct application and installation. 

        The
unit includes a DD260 drawworks package. The innovative package is lightweight and provides exceptional strength and performance. The drawworks has full disc brakes,
heavy-duty right angle box, and full guards and covers. The drawworks is designed for ease of service and maintenance. Taylor utilizes "off the shelf" bearings and seals for reduced cost
and ease of availability, and simplified one-step brake adjustment. Drawworks features remote bearing lubrication for fast service and outboard clutches for ease of accessibility and
increased cooling performance. 

        The
104 ft. (31.7m), 240,000lb (109 MT) mast is a telescoping design, manufactured in accordance with API and Taylor Rigs strict quality control processes. The mast includes an automatic
racking board and telescopes hydraulically. 

        The
rig will be supplied with all equipment listed in this contract and designed to operate in the environment described in Section 2 of this contract. 

        IMPORTANT NOTE: All Taylor contracts are prepared based on information provided by the customer, broker, or other source. Unless specified, this contract may not
contain all equipment or tools required to complete a specific job.

        Due
to the complex and varied configurations, Taylor Rigs, LLC assumes no responsibility for items or equipment omitted from this contract. 

3

 

SECTION 2—ENVIRONMENTAL PARAMETERS  

        Equipment listed in this contract will meet or exceed the following operating parameters: 

	

2.1  TEMPERATURE	
 	

 	
 	

 
	 	Minimum Ambient Operating	 	-20 C (-4 F)	 	 
	 	Maximum Ambient Operating	 	46 C (115 F)	 	 
	

2.2  HUMIDITY	
 	

 	
 	

 
	 	
 Max Relative	
 	

<90%	
 	

 
	

2.3  VIBRATION/SHOCK	
 	

 	
 	

 
	 	
 Maximum Shock Load	
 	

1g	
 	

 
	

2.4  LOCATION	
 	

 	
 	

 
	 	
 Location

Conditions	
 	

Inland

Non-Desert/Non-Arctic	
 	

 

SECTION 3—BASE RIG  

3.1   DD260 DRAWWORKS:  

	3.1.1
	OVERALL

        Double
Drum Drawworks, with a 41,500-lb. main drum single line pull on a bare drum in 1st gear. Innovative drive design eliminates all live chains, reduces moving parts, and
reduces weight. All Taylor drawworks meet or exceed API recommendation for design criteria and are engineered to meet a minimum 4:1 safety factor. 

        All
drawworks bearings, seals and chains are off-the-shelf items and may be purchased directly from the factory or from parts distributors worldwide. 

4

 

	3.1.2
	SPECIFICATIONS 

DD260 Main Drum:  

	Main Barrell Dimensions	 	18.75 in. × 34 in. (476 mm × 864 mm)
	Wireline Size	 	1 in. (25.4 mm)
	Drum Clutch	 	14 in. (356 mm) 3-Plate
	Drawworks Speeds	 	6 Forward, 1 Reverse
	Input Drive Line	 	1710 Spicer
	Drum Drive Chain	 	Single 140
	

Brake System	
 	

Dual Disc—60 in. × 4 in. × 10 in.
	Brake Cooling	 	Air
	
DD260 Sand Drum:	
 	

 
	

Sandline Drum Diameter	
 	

12.75 in. (324 mm)
	Standard Sandline Size	 	 9/16 in. (14.3 mm)
	Capacity	 	16,000 ft. (4,877 m)
	Sandline Drum Clutch	 	14 in. (356 mm) 2-Plate
	Drum Drive Chain	 	Single 140
	Brake System	 	Single Disc—48 in. × 4 in. × 7 in.
	Brake Cooling	 	Air

	3.1.3
	DRAWWORKS
FRAME 

        The
DD260 frame is a mild steel structure utilizing structural material and one-piece 1/2 in. drawworks side plates. 

	3.1.4.
	DRUMS

        Wide
barrel design reduces line interference when running double fast line. Taylor's exclusive spool drum design reduces drumshaft flex and weight while increasing total strength. Tubing
drum has Lebus grooving with turn back and kick plates to reduce line wear and assist in spooling. 

	3.1.5
	BRAKE
SYSTEM 

        Air
cooled Disc with air activation system. 

	3.1.6
	DRUM
CLUTCH 

        Wichita
brand air clutch mounted outboard of drawworks frame and chain case. Mounted on lower output shaft. Taylor's exclusive use of the clutch on the lower shaft reduces required
clutch size, air requirements and eliminates all live chains. 

	3.1.7
	CHAIN
DRIVES 

        Diamond
140 chain, oil bathed for long life. Chain is fully enclosed in a one-piece chain case with a gasket flange. The design prevents case leakage due to warping. Access
panel provides for chain maintenance and removal without removing the chain case. 

	3.1.8
	POWER
DRIVE 

        The
DD260 right angle gearbox utilizes a commercially manufactured EatonTM gear assembly or "third member". The third member is mounted in a fabricated steel housing and
located in the drawworks frame. The package is rated for a maximum input of 700 hp. Taylor's design allows right angle box to be serviced by any EatonTM service center or technician with
"off-the-shelf" components. 

5

 

	3.1.9
	OPERATORS
CONSOLE 

        The
operators console include brake levers, clutch, engine throttle, and emergency shutdown. The console is located behind the drawworks frame, near the mast base, for excellent drum
visibility and operator comfort. 

	3.1.10
	LUBRICATION 

        Remote
bearing lubrication with return lines. Lubrication system ensures complete lubrication of drum bearings. Return lines for grease provides for visual confirmation of complete
lubrication. Lubrication points are conveniently located outside the drawworks frame for ease of maintenance. 

	3.1.11
	AUXILIARY
HOIST 

        Hydraulic
"planetary" style hoist mounted on the rig deck. Hoist capacity is 7,000 lbs. (3.1 mt) and comes with 250' (61 m) of 1/2 in. wire line with tail chain. 

3.2   TELESCOPING MAST:  

	3.2.1
	OVERALL

        A
telescoping mast with open face mast design, manufactured to API 4-F specifications. The open face design utilizes structural steel construction, which allows to maximum
block clearance. Mast includes a ladder from rig floor to crown and a block cradle. 

	3.2.2. SPECIFICATIONS	 	 
	Mast Height:	 	104' (31.7 m)
	No. of Lines to Block	 	4, 6, or 8
	API Capacity	 	 
	 	4-Lines	 	200,000 lbs. (90.7 mt)
	 	6-Lines	 	225,000 lbs (102 mt)
	 	8-Lines	 	240,000 lbs (108.9 mt)
	

Drilling Line Size:	
 	

1 in. (25.4 mm)
	Racking Board Height	 	55.7 ft (17m), 66.7 ft. (20.2 m)
	Racking Board Capacity	 	 
	 	27/8 in EUE	 	24,120 ft. (7,351.7 m)
	 	21/2 in. DP	 	13,680 ft. (4,169.5 m)
	 	41/2 in. DP	 	6,480 ft. (1,975.8 m)
	 	Rod Basket Height	 	78 ft. 7 in. (23.9 m)

	3.2.3
	BASE
SECTION 

        Four Leg style base section hinged to carrier frames. (2) Turnbuckles attached from top of mast base to carrier frame allow for mast angle adjustment. The
well-side mast legs have manual screw jacks. 

	3.2.4.
	LOWER
SECTION 

        3
in × 6 in × 1/4 in (76.2 mm × 152.4 mm × 6.35 mm) rectangular
tubing main legs, with 11/2 in × 3 in × 11/8 in (38.1 mm × 76.2
mm × 22.57 mm) "C" braces. Lower section of mast hinges to top of mast base and rests on headache rack during transport. 

	3.2.5
	UPPER
SECTION 

        Rectangular
tubing construction. 3 in × 6 in × 1/4 in (76.2 mm × 152.4
mm × 6.35 mm) rectangular tubing upper legs, with 11/2 in × 3 in × 11/8 in (38.1
mm × 76.2 mm × 22.57 mm) "C" braces. Upper section rests inside lower section until mast is raised. Upper section then telescopes hydraulically
upward from lower section and locks in place with spring deployed latching pins. 

6

 

	3.2.6
	STAND
PIPE 

        One
(1) 27/8" double height stand pipe × 5000 psi mounted in derrick. Stand pipe includes all necessary brackets and complete
installation. Top and bottom to be equipped with hammer union and 180 degree upper end. 

	3.2.7
	CROWN
BLOCK 

        Crown
block is set up for a 4, 6, or 8 line string-up. Crown sheaves are steel and grooved for 1 in (25.4 mm) wire line. All sheaves are mounted on tapered roller bearings
with grease zerts for ease of maintenance. 

        Crown
includes: (1) one 24 in (610 mm) fast line sheave, (3) three 24 in (610 mm) crossover sheaves, and (1) one 30 in (762 mm) sandline sheave. Crown will also
include extended post on ladder side for mounting of fall protection device. 

	3.2.8
	RACKING
BOARD AND ROD BASKET 

        The
mast includes an all welded racking board. The racking board automatically deploys as the mast is extended. Tubing board height is two positions and includes adjustable fingers for
end racking of tubing. 

        The
mast includes an automatically deploying rod basket with rod hangers and air transfer system. Please note if using fiberglass rods.

	3.2.9
	MAST
RAISING SYSTEM 

        The
mast utilizes two, 3-stage, double acting raising rams and a single, single-stage telescoping cylinder. Raising and telescoping controls are located near the operator's
console for easy access and operation. Hydraulic pressure gauges are mounted on the mast base to provide system monitoring during the raising / lowering process. The hydraulic system incorporates a
safety choke system to control flow to telescoping or raising cylinders due to a hydraulic line rupture or damage. 

	3.2.10
	GUYLINES

        Mast
includes (2) load guys from the crown to carrier and (1) set of wind guys that meet or exceed API specifications. 

	3.2.11
	DEADLINE
ANCHOR 

        Deadline
anchor is designed and manufactured in accordance with API specifications and rated for a 50,000-lbs. maximum deadline load. Located on off operators side of rig
floor and comes with line clamp. 

	3.2.12
	FOLDING
WORK PLATFORM 

        Includes
(1) 8 ft. wide × 6 ft. long folding work platform with 2' wings on each side. Platform is constructed of rectangular tubing and is decked with a
reduced slip grating. Platform is adjustable in height from 2 ft. to 14 ft. from ground level, and includes a sliding access door. Deployment, raising, lowering, and pining of platform shall be done
hydraulically. Platform will also include manual telescoping aluminum ladder, of which, the final design will be approved by customer prior to fabrication. 

7

 

3.3   POWER PLANT & TRANSMISSION:  

	3.3.1
	ENGINE

        (1)
Tier III Certified Caterpillar C-15, inline 6 cylinder, 4-stroke turbo charger, after-cooled engine rated at 475 hp at 2,100 rpm. Engine includes a Donaldson
dry-type air cleaner; and a spark arresting muffler exhaust system. Exhaust system discharges to right side of rig. Engine also comes with emergency shutdown system. 

        Engine
includes a heavy-duty radiator and fan, engine speed governor, air-actuated throttle, standard engine instruments with hour meter, emergency shutdown for
low oil and high coolant temperature, and an emergency shutdown button. 

	3.3.2
	SPECIFICATIONS:

	Model Number	 	C-15	 	 
	Number of Cylinders	 	6	 	 
	Engine Type	 	4-stroke / cycle	 	 
	Displacement	 	15 Liters	 	 
	Rated Power Output (Gross)	 	475 hp @ 2,100 rpm	 	 

	3.3.3
	TRANSMISSION

        (1) Caterpillar TH35-E81A automatic transmission provides 6 forward speeds and 1 reverse. Remote shifting is provided from the operators console via
an electronic shifting system. Transmission uses separate cooler, integrated into the radiator. 

        All
engine/transmission combinations are reviewed and approved by the transmission manufacturer for correct engineering, installation and engine compatibility. Taylor's exclusive design
allows for the removal of transfer case independently. 

	3.3.4
	SPECIFICATIONS:

	Net Input Power (max.)	 	500 hp (485 kW)
	Net Input Speed (max.)	 	2,500 rpm
	Net Input Torque (max.)	 	1,950 lb.-ft.
	Torque Converter	 	Single stage, 3-element
	Gear Ratios:	 	 
	 	First	 	5.728:1
	 	Second	 	3.571:1
	 	Third	 	2.719:1
	 	Fourth	 	1.948:1
	 	Fifth	 	1.429:1
	 	Sixth	 	1.000:1
	 	Reverse	 	-4.464:1

	3.3.5
	TRANSFER
CASE 

        Commercially produced gear driven transfer case. 1-in / 2-out configuration, rated at 12,000 ft lbs of torque. Transfer case distributes
power to drawworks and carrier. Includes air activated disconnects for selection of road / winch gear. 

3.4   AIR, ELECTRIC AND HYDRAULIC SYSTEMS:  

	3.4.1
	AIR
SYSTEM 

        (1)
Engine driven 27.5-cfm compressor pressurizing a 5-tank air system plumbed in accordance with applicable DOT regulations and requirements. Check valves
prevent accidental air pressure loss from system due to single line failure. Main air lines are plumbed, with OEM style steel airlines and compression fittings rather than threaded pipe. 

8

 

	3.4.2
	ELECTRICAL
SYSTEM 

        12-volt
electrical system, consisting of (1) 100 amp alternator, (3) BCI-31 batteries, (1) 12V starter and voltmeter. Batteries are located
in a steel battery box mounted on the carrier deck. Location of box provides excellent access for maintenance and service. 

	3.4.3
	HYDRAULIC
SYSTEM 

        50
Gallon per minute system provides 2,000 psi working pressure for all rig hydraulics and accessory drives. The pump is mounted in front of the rig engine and is directly coupled to the
engine crankshaft, this is an exclusive Taylor feature. System features a bypass to tank while not in use. Hydraulic system incorporates a 200-gallon hydraulic tank with element style
filters, suction strainer, and main tank shutoff. 

	3.4.4
	TONG
CIRCUIT 

        Rig
hydraulic system provides a 2000 PSI / 50 GPM tong circuit. The system includes connectors, pressure & return liens, pressure gauge, and pressure regulator valve. Tongs,
quick-connects, and tong hoses are not included as standard equipment. 

3.5   TAYLOR 5-AXLE CARRIER:  

	3.5.1
	OVERALL 

        The
carrier is a heavy-duty 5-axle oilfield carrier with two front steering axles, two rear-driving axles, and one tag axle. All frame members coped
and welded for superior strength and durability. The carrier is designed for maximum maneuverability, road clearance and turning radius. Location of axles specially engineered to correctly distribute
weight in proportion to front and rear axles. 

	3.5.2
	SPECIFICATIONS*:

	A: Length w/Mast:	 	61 ft. 9 in.	 	 
	B: Overhang (front)	 	14 ft. 9 in.	 	 
	C: Axle to Front Bumper	 	5 ft.	 	 
	D: Bridge Span	 	16 ft. 2 in.	 	 
	E: Rear Axle Spacing	 	53 in.	 	 
	F: Rear Axle to Back of Rig	 	11 ft. 8 in.	 	 
	G: Height (over the road)	 	14 ft. 3 in.	 	 
	

Width (traveling—not shown)	
 	

8 ft. 6 in.	
 	

 
	Overhand (rear—not shown)	 	N/A	 	 
	Max Ingress Angle	 	34 deg.	 	 
	Max Egress Angle	 	17 deg.	 	 
	Estimated Rig Weight	 	 	 	 
	 	Front:

Rear:

Total:	 	28,760 lbs.

51,260 lbs.

80,020 lbs.	 	 

	*
	Weight
in standard configuration without block or line. Other specification subject to change as engineering dictates. 

9

 
	3.5.3
	CARRIER
FRAME 

        21 in. wide-flange alloy H-beam, hand welded for strength. Coped cross members for increased strength and durability. Front and rear tow
lugs are welded to the end of the frame rails for proper load distribution during towing. Frame is decked in 3/16 in. diamond tread decking with a 31/2 in. lip for
strength and reduced flex. 

	3.5.4
	FRONT
AXLES 

        Steer
able front tandem axle set is rated at 20,000 lbs. per axle and Reyco front spring suspension rated at 22,000 lbs per axle. 

	3.5.5
	REAR
DRIVING AXLES 

        Eaton
463 Series rear driving axles rated at 46,000 lbs. Hendrickson walking beam rear suspension Standard ratio is 6.17:1 

	3.5.6
	REAR
TAG AXLE 

        Non-driving
rear axle with air suspension. Axle is rated for 20,000 lb. capacity. Control for axle to be located near rear axles on operator's side. 

	3.5.7
	BRAKE
SYSTEM 

        DOT
approved regulation antilock air brake system. Drum style brakes on all axles. Carrier is equipped with additional air emergency brake. 

	3.5.8
	TIRES &
WHEELS 

        The
(4) four front tires are 445/65 R22.5 wide-base tires mounted on 13 in. × 22.5 in. steel hub-piloted "bud" type wheel. The
(12) twelve rear tires are 11R × 22.5 off-road tires mounted on 8 in. × 22.5 in. hub-piloted steel "bud" style
wheels. 

	3.5.9
	CAB 

        Single
person cab set up for left-hand drive. Cab is equipped with air suspension seat, heater, defroster, windshield wiper, air horn, West Coast mirrors, and full
instrumentation. 

        Instrumentation
consists of speedometer, oil pressure, transmission oil temperature, water temperature, voltmeter, fuel meter, and front & rear air pressure gauges. 

	3.5.10
	STEERING

        Rig
steering is a hydraulic assisted system, with (1) cylinder mounted on each axle and a hydraulic assisted steering box. 

	3.5.11
	RIG
LEVELING SYSTEM 

        Rig
leveling is done with (4) hydraulic leveling jacks and locks. Jacks have 12 in. travel. The jacks are controlled from the operator's console. A leveling gauge is provided to
assure quick easy rig leveling. 

	3.5.12
	OTHER
EQUIPMENT 

        The
Taylor 5-axle carrier comes complete with integrated rig stairs, operator side fold-down walk ways with aluminum ladder, OSHA approved guardrails, driveline
covers, junk rack, two (2) locking toolboxes, two (2) 125-gallon fuel tank, two (2) rear sill racks. Operators console will include (1) BOP control for blind
rams and (1) BOP control for pipes. 

10

 

3.6   PAINT & PREPARATION:  

	3.6.1
	Preparation 

        Rig
is thoroughly washed, sandblasted, and chemical etched prior to painting. 

	3.6.2
	Primer
Coat 

        Taylor
Rig uses a zinc primer system. The primer is applied to a thickness of 3 - 4 mills, exceeding industry standards. **note: no zinc
coat

	3.6.3
	Finish
Coat 

        The
unit is finish coated in accordance with customer paint scheme. The finish coat is a polyurethane system for long lasting gloss and minimal chipping or pealing. Finish coat is
3 - 4 mills in thickness, depending on color. Unless otherwise stated, engine will be painted to match the rig. 

SECTION 4—ACCESSORIES & TOOLS  

        Taylor to provide the following general options at no additional cost. 

	•
	Mount
for oil saver pump

	•
	Jack
Stands

	•
	Lubricator
Rack—Slide Out

	•
	Tubing
Tong Rack

	•
	Rod
Elevator Rack

	•
	Safety
Chains on Tubing Board Fingers

	•
	Provisions
for customer supplied Geronimo line from tubing and rod basket

	•
	Install
customer supplied tong lift cylinder.

	•
	Board
racks for front jack stands to the front side of the jack socket. Place rack at an angle 14" × 24" × 3" so board
will not come out during transport.

	•
	Removable
guard for back of tubing drum.

	•
	Operator
console mounted weight indicator bracket.

	•
	Hooks
on rear jack sockets for weight indicator pads.

	•
	Kill
switch to sand drum control panel.

	•
	T
between fuel tanks with valve and safety plug. 

11

 

SECTION 5—RIG OPTIONS  

	5.1 Tool Tub in Derrick Base	 	$425.00
	Add Tool Tub in derrick base in a manner not to prohibit the removal or replacement of the tubing tongs. The tub should run the width of the base and be approx. 18" deep × 12" tall. Tub should
have reinforcements and numbs to store slips, 2/38" tubing elevators, 2/78" tubing elevators and keepers for Hyd. Rod tongs. Tub will have 3/4" hooks on each
corner.
	

5.2 BOP Controls	
 	

$934.00
	Add (2) Air over hydraulic BOP controls to operators console. (1) for blind & (1) For Pipe Rams Includes all plumbing and mounting of controls in console
	

5.3 Winch Control	
 	

$1,231.00
	Add (1) Air over hydraulic Winch Control to operators console. Includes all plumbing and mounting of control in console
	

5.4 Hydraulic Pressure Gauge	
 	

$284.00
	Add Main Hydraulic Pressure gauge to Console
	

5.5 Delete Tool Box	
 	

($550.00)
	Delete tool box after staircase towards the rear of the rig on operator side and replace with junk rack
	

5.6 Custom Deck Mounted Stand Up Tool Box	
 	

$1,510.00
	Add a custom deck mounted stand up tool box on off-operator side from end of drawworks towards rear of rig. Approx. dimensions of tool box are 40" H × 36" W × 16" D. The box
should be equipped with hooks inside for 36" & 24" pipe wrenches and other smaller hand tools. Please note: That the junk rack will be extended to take place of the deleted tool box.
	

5.7 Hydraulic Walkways	
 	

$7,581.00
	Add hydraulic walkways.
	

5.8 Main Drum Disc Guard	
 	

$612.00
	Add protective guards to main drum discs.
	

5.9 Winch Guard Cover	
 	

$186.00
	Add winch cover.
	

5.10 Integrated Operator's Platform	
 	

$2,697.00
	Upgrade to integrated operator's platform that moves in conjunction with work platform.
	

5.11 Aluminum Ladder Upgrade	
 	

$877.00

12

 

SECTION 6—RIG SPARES  

        None Contracted 

13

 

SECTION 7—DELIVERY & COMMISSIONING  

	7.1
	PRE-DELIVERY
INSPECTION 

        Taylor
will conduct a standard pre-delivery systems test. These tests check function and operation of rig and associated components. Customer is provided copy of inspection
report. Unless otherwise listed in this contract, the unit will at no time be tested with destructive testing methods such as load, dynamometer, or other tests. 

	7.2
	PACKAGING 

        No
packaging is included in this contract. 

	7.3
	RIG
SHIPPING 

        Each
unit is priced FOB, customer's yard, so long as yard is inside the contiguous United States. Delivery to Alaska or Hawaii is not included. In those cases, delivery is to the Port of
Houston. 

	7.4
	TRAINING

        Taylor
provides a 6-hour training and orientation program for up to 6 persons. This training is provided at the customer's yard during normal business hours. After hours or
weekend training is available at and additional charge. 

NOTE:    Customer is required to attend a 6 hour training program performed by a Taylor representative. This training may take place at
Taylor facility or during rig commissioning at customer's location. Customer's failure to attend this training renders all warranties void. 

	7.5
	ON-SITE
COMMISSIONING 

        1-day
on-site commissioning during normal business hours is provided in this contract. After hours or weekend commissioning is available at an additional charge. 

	7.6
	DELIVERY
SCHEDULE 

        Please
refer to Appendix A for all scheduled delivery dates. 

        A
late delivery penalty will be paid by Taylor in the event of a delay, as outlined in the "Terms and Conditions" section of this contract. 

14

 

SECTION 8—DOCUMENTATION  

	8.1
	CONTRACT

        Customer
will be provided (1) original copy of the purchase contract, and up to 5 additional copies of the contract as needed. 

	8.2
	INVOICES 

        Taylor
will present the customer with invoices for all moneys due. Invoices will indicate contract amount and all payment due information. 

	8.3
	MANUFACTURERS
STATEMENT OF ORIGIN 

        Taylor
will provide a Manufacturers Statement of Origin (MSO) for the unit. This document proves the legal ownership of the unit. MSO will indicate the Vehicle Identification Number
(VIN) as well as all applicable component serial numbers. This document will be executed and transferred after final payment for unit is received. 

	8.4
	OWNERS
MANUAL 

        The
unit will be accompanied by an owner's manual to assist in the operation and service of the unit. Due to the custom nature of each unit, the manual will be provided within 2 weeks of
rig completion. 

15

 

SECTION 9—WARRANTY  

        Taylor Rigs warrants that the rig shall be free from defects in material and workmanship for a period of one (1) year from date of service. Additionally,
Taylor warrants that all drawworks parts, except for brake pads and expendables will be warranted for a period of two (2) years from date of service. A three (3) year warranty will be
provided on the paint system. The paint warranty covers pealing or paint adhesion issues. Provided, however, in no event does Taylor Rigs warrant the engine, drive train components, or third party
components of the Rig, but Taylor Rigs shall, to the extent possible, transfer to Customer any original equipment manufacturer warranty on such components. 

        If
any defects covered by this Warranty appear within the warranty period, Taylor Rigs shall have the option of repairing or replacing the defective equipment at its expense. 

        Taylor
will provide the customer with a proprietary 24 hr. warranty "hot line" number. 

        Taylor
warrants having any warranty part available for same day shipment at any time during the warranty period. If Taylor does not have the part available, then the part is supplied at
no cost to the customer. 

        Taylor
warranties to have a service person on site, upon Customer's request, within 6 hours from the time of notice. This person does not have to be a Taylor Rig employee, but an
authorized representative of Taylor. Additionally, at the Customer's request, Taylor will have a Taylor Rig employee dispatched to the rig site within one hour of request. 

        This
Warranty does not extend to any equipment which has (a) been subjected to misuse, neglect, accident or abuse or casualty loss; (b) repaired or altered by anyone other
than Taylor Rigs without its express written prior approval; (c) improperly installed by someone other than Taylor Rigs; or (d) used in violation of instructions furnished by Taylor
Rigs. 

        THE
ABOVE WARRANTY SHALL BE IN LIEU OF ALL OTHER WARRANTIES AND ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS
FOR A PARTICULAR PURPOSE ARE DISCLAIMED. 

16

 

        TAYLOR
RIGS' LIABILITY WHETHER IN CONTRACT, IN TORT, UNDER WARRANTY, IN NEGLIGENCE OR OTHERWISE, SHALL, TO EXTENT PERMITTED BY LAW, BE LIMITED TO THE REPAIR OR REPLACEMENT OF ANY
DEFECTIVE PARTS. IN NO EVENT SHALL TAYLOR RIGS BE LIABLE FOR SPECIAL OR CONSEQUENTIAL DAMAGES, OR DAMAGES FOR LOSS OF BUSINESS PROFITS, BUSINESS INTERRUPTION, OR ANY OTHER PECUNIARY LOSS ARISING OUT
OF THE USE OR INABILITY TO USE THE RIG (INCLUDING THE INABILITY TO USE THE RIG BY REASON OF DELAY). 

TRAINING:    Customer is required to attend a 6 hour training program performed by Taylor representative. This training may take place
at Taylor facility or during rig commissioning. Customer's failure to attend this training renders all warranties void. 

17

 

SECTION 10—PRICING  

	 	 	 	PRICE EACH	 	 	TOTAL FOR 48	 	 
	BASE RIG	 	$	697,875.00	 	$	33,498,000.00	 	 
	RIG OPTIONS	 	$	15,787.00	 	$	757,776.00	 	 
	TOTAL PROJECT PRICE, 48 UNITS FOB CUSTOMER'S YARD, US FUNDS	 	$	34,255,776.00	 	 

	•
	Taylor
will agree to hold the price of $713,662.00 per rig constant for blanket purchase orders of 48 units. However, in the event a vendor will not agree to hold their
price constant for a total of 48 units, Customer will agree to accept the additional cost increase for the items. This will only apply to items in excess of $1,000.00.

	•
	If
Taylor's hourly average labor rate (including benefits and services) increases more than 5% from the date of signing of contract, then the Customer will accept a
surcharge increase per rig in the amount of our increase.

	•
	Taylor
agrees to notify Basic Energy within 6 months prior to delivery of any right that is affected due to any vendor or labor rate increases.

	**
	NOTE:
All prices contracted herein are subject to terms and conditions of Taylor Rigs, LLC, included in Section 11 of this contract. Unless otherwise stated, contracted prices
do not include export packaging, rig-up, or other similar fees. 

18

 

SECTION 11—STANDARD TERMS AND CONDITIONS  

        The contract on the attached pages is subject to the following terms and conditions:

	•
	Terms of Payment. Unless otherwise stated herein, all payments must be made in a timely manner according to the following
payment schedule: See Appendix A to contract CP-05-055. Notwithstanding milestones outlined in Appendix A, in the event of a failure to make any payment, Taylor
Rigs shall have the right to cease any manufacturing with respect to this order and delay shipment accordingly. If Customer fails to make any final installment(s) of the Total Price within
30 days of the payment date, Taylor may treat the Contract as wrongfully canceled, and the customer will be subject to terms and penalties listed below.

	•
	Delivery or Completion. Taylor Rigs shall not be liable for any damage or penalty for delays in delivery or completion due to
acts of God, acts or omissions of the Customer, acts of civil or military authorities, governmental regulation or priorities, fires, floods, epidemics, war, riots, strikes, third party material or
manufacturing delays, transportation delays, impossibility or impracticability of performance or any other cause or causes beyond the control of Taylor Rigs, whether similar to the foregoing or
otherwise. In the event of a delay caused by the aforesaid, the delivery and/or completion date shall be extended for a period equal to any such delay, and this Contract shall not be void or voidable
as a result thereof. 

Taylor
guarantees delivery, subject to restrictions above. The guarantee provides a penalty equal to 1% of the individual units total contract price for each week after the guaranteed delivery date,
up to a maximum of 5%. If in the event of a delay of more than 5 weeks, then Customer has the option to cancel the purchase of that particular unit. 

	•
	Cancellation. This Contract is not subject to cancellation without the express written consent of Taylor Rigs. In the event
Taylor Rigs allows cancellation by the customer, the deposit would be refunded up to the difference between contracted agreed sale price by the customer and Taylor Rigs, and the actual price received
from sale of equipment to another customer. In addition, there shall be a mandatory cancellation fee set forth as follows: Beginning from date of contract signing up to 15 days in the amount of
5%; 15-30 days 15% and anytime thereafter to date of delivery 25%. Cancellation penalty is effective for any rigs in which deposits are due and/or have been placed. Nothing herein
shall be deemed to impose an obligation on Taylor Rigs to agree to any cancellation on any terms. In the event of a cancellation or other breach of this Contract by Customer, in addition to retaining
above listed funds, Taylor Rigs may be entitled to seek such other remedies as it may have at law or in equity.

	•
	Jurisdiction. The parties hereto irrevocably and unconditionally consent to and submit themselves to the exclusive
jurisdiction of the courts of the State of Oklahoma located in Tulsa County, Oklahoma and the courts of the United States of America located in the Northern District of Oklahoma (collectively, the
"Agreed Courts") with respect to any actions, suits or proceedings arising out of or in connection with this Contract and the transactions contemplated hereby and the parties hereto agree not to
commence any action, suit or proceeding relating thereto except in such Agreed Courts. The parties hereto irrevocably and unconditionally waive any objection to the laying of venue of any action, suit
or proceeding arising out of this Contract or the transactions contemplated hereby in the Agreed Courts and hereby further irrevocably and unconditionally waive and agree not to plead or claim that
any such action, suit or proceeding brought in any of the Agreed Courts has been brought in an inconvenient forum. 

19

 

SECTION 12—PARTS SALE AGREEMENT  

        Taylor agrees so long as this contract is legally fulfilled by the Customer and not subject to any cancellation, Taylor will resell any part or component, for
these units, at a 10% mark-up from cost. This is a 10% mark-up from Taylor Rigs purchase price including shipping to Taylor's Tulsa, Ok facility. Shipping from Tulsa is not
included in this portion of the contract. 

20

 

SECTION 13—EXPEDITING OPTION  

        The current delivery schedule is contracted for three (3) rigs per month beginning in September 2006. Taylor agrees to allow Basic Energy to elect
the option of accelerated deliveries for the contracted rigs. Should this option be exercised, each accelerated delivery slot will be subject to a premium slot surcharge that will be in addition to
the contracted price and agreed to by each party at the appropriate time. 

21

 

SECTION 14—CONTRACT ACCEPTANCE  

        CUSTOMER, HAVING CAREFULLY READ PAGES 1-22 (ALL PROVISIONS) OF THIS CONTRACT, ACKNOWLEDGES RECEIPT OF A COPY OF THIS CONTRACT WHICH IS THE FINAL
EXPRESSION OF THE AGREEMENT OF THE PARTIES, AND THE COMPLETE AND EXCLUSIVE STATEMENT OF THE TERMS AND CONDITIONS AGREED UPON, ALL PRIOR AGREEMENTS AND UNDERSTANDINGS BEING MERGED HEREIN, AND THAT
THERE ARE NO REPRESENTATIONS, WARRANTIES OR STIPULATIONS, EITHER ORAL OR WRITTEN NOT HEREIN CONTAINED. NO MODIFICATIONS OF THIS AGREEMENT MAY BE MADE EXCEPT BY WRITTEN AGREEMENT EXECUTED BY BOTH
CUSTOMER AND TAYLOR RIGS. THIS AGREEMENT SHALL NOT BE BINDING UPON TAYLOR RIGS UNTIL ACCEPTED BY AN AUTHORIZED OFFICER OF TAYLOR RIGS. 

        ALL
PRICES, SPECIFICATIONS, AND CONDITIONS ARE SATISFACTORY AND ARE HEREBY ACCEPTED, SUBJECT TO THE TERMS SET FORTH ABOVE AND THOSE GENERAL TERMS AND CONDITIONS OF THE CONTRACT INCLUDED
HEREIN. TAYLOR RIGS, LLC IS AUTHORIZED TO PERFORM THE WORK AS SPECIFIED, PAYMENT WILL BE MADE AS OUTLINED ABOVE. 

	

Company: Basic Energy Services, L.P.	
 	
Taylor Rigs, LLC
	

Accepted By: /s/ James J. Carter	
 	

Accepted By: /s/ Brett Taylor
	

Date: 11/10/05	
 	

Date: 11/10/05

22

QuickLinks

Exhibit 10.20

TABLE OF CONTENTS

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