Document:

Seventh Amendment to Amended and Restated Credit Agreement

 Exhibit 10.22.5.8 

 
  

SEVENTH AMENDMENT TO 

AMENDED AND RESTATED CREDIT AGREEMENT 

AMONG 

PRIMEENERGY CORPORATION 

PRIMEENERGY MANAGEMENT CORPORATION 

PRIME OPERATING COMPANY 

EASTERN OIL WELL SERVICE COMPANY 

SOUTHWEST OILFIELD CONSTRUCTION COMPANY 

EOWS MIDLAND COMPANY 

COMPASS BANK 

AS AGENT AND LETTER OF CREDIT ISSUER 

AND 

THE LENDERS SIGNATORY HERETO 

MARCH 1, 2010 
  

 

 TABLE OF CONTENTS 

 

					
	 	  	 	  	PAGE
	ARTICLE I	  	DEFINITIONS	  	1
	 1.1
	  	Terms Defined Above	  	1
	 1.2
	  	Terms Defined in Agreement	  	1
	 1.3
	  	References	  	1
	 1.4
	  	Articles and Sections	  	2
	 1.5
	  	Number and Gender	  	2
	 1.6
	  	Negotiated Transaction	  	2
	ARTICLE II	  	AMENDMENTS	  	2
	 2.1
	  	Amendment of Section 2.1	  	2
	 2.2
	  	Amendment of Section 2.10	  	2
	 2.3
	  	Amendment of Section 5.4	  	3
	 2.4
	  	Amendment of Section 5.5	  	4
	 2.5
	  	Amendment of Schedule 6.1	  	4
	 2.6
	  	Amendment to Section 6.6	  	5
	 2.7
	  	Amendment of Section 6.7	  	5
	 2.8
	  	Amendment of Exhibit III	  	6
	ARTICLE III	  	RATIFICATION AND ACKNOWLEDGMENT	  	6
	ARTICLE IV	  	REPRESENTATIONS AND WARRANTIES	  	6
	ARTICLE V	  	MISCELLANEOUS	  	6
	 5.1
	  	Parties in Interest	  	6
	 5.2
	  	Rights of Third Parties	  	6
	 5.3
	  	Counterparts	  	6
	 5.4
	  	Integration	  	7
	 5.5
	  	Invalidity	  	7
	 5.6
	  	Governing Law	  	7
	 5.7
	  	Scope of Amendment	  	7

  

 -i- 

 SEVENTH AMENDMENT TO 

AMENDED AND RESTATED CREDIT AGREEMENT 

This SEVENTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is made and entered into effective as
of March 1, 2010 (the “Effective Date”), by and among PRIMEENERGY CORPORATION, a Delaware corporation, PRIMEENERGY MANAGEMENT CORPORATION, a New York corporation, PRIME OPERATING COMPANY, a Texas corporation, EASTERN OIL WELL
SERVICE COMPANY, a West Virginia corporation, SOUTHWEST OILFIELD CONSTRUCTION COMPANY, an Oklahoma corporation, and EOWS MIDLAND COMPANY, a Texas corporation (collectively, the “Borrower”), each lender that is a signatory hereto
(individually, together with its successors and assigns, a “Lender” and collectively together, with their respective successors and assigns, the “Lenders”) and COMPASS BANK, an Alabama banking association and
successor in interest to Guaranty Bank, FSB, a federal savings bank, as agent for the Lenders (in such capacity, together with its successors in such capacity pursuant to the terms of the Amended and Restated Credit Agreement referred to
hereinafter, the “Agent”) and letter of credit issuer. 
 WITNESSETH: 

WHEREAS, the Borrower, the Lenders and the Agent are parties to that certain Amended and Restated Credit Agreement dated
December 28, 2006, as amended to the Effective Date (as so amended, the “Agreement”), to which reference is here made for all purposes; 

WHEREAS, the Borrower, the Lenders and the Agent are desirous of amending the Agreement in the particulars hereinafter set forth;

 NOW, THEREFORE, in consideration of the mutual covenants and agreements of the parties to the Agreement, as set forth
therein, and the mutual covenants and agreements of the parties hereto, as set forth herein, the Borrower, the Lenders and the Agent agree as follows: 

ARTICLE I 

DEFINITIONS 

1.1 Terms Defined Above. As used in this Seventh Amendment to Amended and Restated Credit Agreement, each of the terms
“Agent,” “Agreement,” “Amendment,” “Borrower,” “Effective Date,” “Lender” and “Lenders” shall have the meaning assigned to such
term hereinabove. 
 1.2 Terms Defined in Agreement. As used herein, each term defined in the Agreement shall have the
meaning assigned thereto in the Agreement, unless expressly provided herein to the contrary. 

 1.3 References. References in this Amendment to Schedule, Exhibit, Article, or
Section numbers shall be to Schedules, Exhibits, Articles, or Sections of this Amendment, unless expressly stated to the contrary. References in this Amendment to “hereby,” “herein,” “hereinafter,”
“hereinabove,” “hereinbelow,” “hereof,” “hereunder” and words of similar import shall be to this Amendment in its entirety and not only to the particular Schedule, Exhibit, Article, or Section in which such
reference appears. Specific enumeration herein shall not exclude the general and, in such regard, the terms “includes” and “including” used herein shall mean “includes, without limitation,” or “including, without
limitation,” as the case may be, where appropriate. Except as otherwise indicated, references in this Amendment to statutes, sections, or regulations are to be construed as including all statutory or regulatory provisions consolidating,
amending, replacing, succeeding, or supplementing the statute, section, or regulation referred to. References in this Amendment to “writing” include printing, typing, lithography, facsimile reproduction, and other means of reproducing
words in a tangible visible form. References in this Amendment to amendments and other contractual instruments shall be deemed to include all exhibits and appendices attached thereto and all subsequent amendments and other modifications to such
instruments, but only to the extent such amendments and other modifications are not prohibited by the terms of this Amendment. References in this Amendment to Persons include their respective successors and permitted assigns. 

1.4 Articles and Sections. This Amendment, for convenience only, has been divided into Articles and Sections; and it is understood
that the rights and other legal relations of the parties hereto shall be determined from this instrument as an entirety and without regard to the aforesaid division into Articles and Sections and without regard to headings prefixed to such Articles
or Sections. 
 1.5 Number and Gender. Whenever the context requires, reference herein made to the single number shall be
understood to include the plural; and likewise, the plural shall be understood to include the singular. Definitions of terms defined in the singular or plural shall be equally applicable to the plural or singular, as the case may be, unless
otherwise indicated. Words denoting sex shall be construed to include the masculine, feminine and neuter, when such construction is appropriate; and specific enumeration shall not exclude the general but shall be construed as cumulative. 

1.6 Negotiated Transaction. Each party to this Amendment affirms to the other that it has had the opportunity to consult, and
discuss the provisions of this Amendment with, independent counsel and fully understands the legal effect of each provision. 

ARTICLE II 

AMENDMENTS 

2.1 Amendment of Section 2.1. Section 2.1 of the Agreement is amended to delete in its entirety the last sentence of
subsection (c) of subsection B of such Section 2.1. 
  

 - 2 - 

 2.2 Amendment of Section 2.10. Section 2.10 of the Agreement is amended to
read as follows in its entirety: 
 “2.10 Mandatory Prepayments. If at any time the Loan Balance exceeds the sum of
the Borrowing Base then in effect and the Revolving Line of Credit Number 2 Loan Available Commitment then in effect, the Borrower shall, within 60 days of notice from the Agent of such occurrence, (a) prepay, or make arrangements acceptable to
the Lenders for the prepayment of, the amount of such excess for application on the Loan Balance, (b) provide additional collateral, of character and value satisfactory to the Lenders in their reasonable discretion, to secure the Obligations by
the execution and delivery to the Lenders of security instruments in form and substance satisfactory to the Lenders in the exercise of their reasonable discretion, or (c) effect any combination of the alternatives described in the immediately
preceding clauses (a) and (b) acceptable to the Lenders in their reasonable discretion. In the event that a mandatory prepayment is required under this Section and the Loan Balance exclusive of the L/C Exposure is less than the amount
required to be prepaid, the Borrower shall repay the entire Loan Balance exclusive of the L/C Exposure and, in accordance with the provisions of the relevant Letter of Credit Applications executed by the Borrower or otherwise to the reasonable
satisfaction of the Lenders, deposit with the Agent, as additional collateral securing the Obligations, an amount of cash, in immediately available funds, equal to the L/C Exposure in excess of the sum of the Borrowing Base then in effect and the
Revolving Line of Credit No. 2 Loan Available Commitment then in effect. The cash deposited with the Agent in satisfaction of the requirement provided in this Section may be invested, at the reasonable discretion of the Agent and then only at
the express direction of the Borrower as to investment vehicle and maturity (which shall be no later than the latest expiry date of any then outstanding Letter of Credit), for the account of the Borrower in cash or cash equivalent investments
offered by or through the Agent.” 
 2.3 Amendment of Section 5.4. Section 5.4 of the Agreement is amended
to read as follows in its entirety: 
 “5.4 Oil and Gas Reserve Reports. (a) Deliver to the Agent no later than
May 1 of each year during the term of this Agreement, engineering reports in form and substance satisfactory to the Agent, certified by Ryder Scott Company or by any nationally-recognized or regionally-recognized independent consulting
petroleum engineers acceptable to the Agent, as fairly and accurately setting forth (i) the proven and producing, shut-in, behind-pipe, and undeveloped oil and gas reserves (separately classified as such) attributable, as of January 1 of
the year for which such reserve reports are furnished, to the Oil and Gas Properties of the Borrower and those limited partnerships in which the Borrower is a partner and the partnership interest of the Borrower in such limited partnerships is
subject to a first priority Lien in favor of the Agent to secure the Obligations, (ii) the aggregate present value of the future net income with respect to such Oil and Gas Properties, discounted at a stated per annum discount rate of proven
and producing reserves, (iii) projections of the annual rate of production, gross income, and net income with respect to such proven and producing reserves, and (iv) information with respect to the “take-or-pay,”
“prepayment,” and gas-balancing liabilities of the Borrower or any relevant limited partnership. 
  

 - 3 - 

 (b) Deliver to the Agent no later than November 1 of each year during the term of this
Agreement, engineering reports in form and substance satisfactory to the Agent prepared by or under the supervision of any nationally-recognized or regionally-recognized independent consulting petroleum engineer evaluating the Oil and Gas Properties
of the Borrower and those limited partnerships in which the Borrower is a partner and the partnership interest of the Borrower in such limited partnership is subject to a first priority Lien in favor of the Agent to secure the Obligations as of
July 1 of the year for which such reserve reports are furnished and updating the information provided in the reports pursuant to Section 5.4(a). 

(c) Each of the reports provided pursuant to this Section shall be submitted to the Agent together with additional data concerning
pricing, quantities of production from the Mortgaged Properties, volumes of production sold, purchasers of production, gross revenues, expenses, identification of wells listed on the relevant report owned by limited partnerships, rather than by the
Borrower directly, and confirming that the working interest and net revenue interest set forth for each such well in the relevant report represents the Borrower’s partnership interest share of the total working interest and total net revenue
interest of the relevant limited partnership in the relevant well and such other information and engineering and geological data with respect thereto as the Agent may reasonably request.” 

2.4 Amendment of Section 5.5. Section 5.5 of the Agreement is amended to read as follows in its entirety: 

“5.5 Title Opinions; Title Defects; Collateral. Promptly upon the request of the Agent, furnish to the Agent title
opinions, in form and substance and by counsel satisfactory to the Agent, or other confirmation of title acceptable to the Agent, covering Oil and Gas Properties constituting not less than 80% of the present value, determined by the Agent in its
sole discretion, of the Oil and Gas Properties included in the Borrowing Base; and promptly, but in any event within 60 days after notice by the Agent of any defect, material in the opinion of the Agent, in value in the title of the Borrower or the
relevant limited partnership to any of the Oil and Gas Properties included in the Borrowing Base, clear such title defects, and, in the event any such title defects are not cured in a timely manner, pay all related costs and fees incurred by the
Agent to do so. The Borrower further agrees to provide the Agent, at all times during the term of this Agreement, with valid first priority Liens on Oil and Gas Properties or partnership interests constituting not less than 80% of the present value,
determined by the Agent in its sole discretion, of all the Oil and Gas Properties included in the Borrowing Base.” 
  

 - 4 - 

 2.5 Amendment of Schedule 6.1. Section 6.1 of the Agreement is amended to read
as follows in its entirety: 
 “6.1 Indebtedness. Create, incur, assume, or suffer to exist, and will not permit any
limited partnership of which the Borrower serves as the sole general partner or the managing general partner and which owns Oil and Gas Properties contributing to the Borrowing Base to create, incur, assume, or suffer to exist, any Indebtedness,
whether by way of loan or otherwise; provided, however, the foregoing restriction shall not apply to (a) the Obligations, (b) unsecured accounts payable incurred in the ordinary course of business, which are not unpaid in excess of 60 days
beyond invoice date or are being contested in good faith and as to which such reserve as is required by GAAP has been made , (c) Commodity Hedge Agreements, in form and substance and with a Person acceptable to the Lender, provided that
(i) each commitment issued under such agreement must also be approved by the Lender, (ii) such agreements shall not be entered into with respect to Oil and Gas Properties included in the Borrowing Base constituting more than 85% of monthly
production of proven producing reserves as forecast in the most recent engineering report, provided by the Borrower, utilizing the Agent’s then current commodity price forecast and approved by the Agent, and (iv) the Agent shall receive a
security interest in the Commodity Hedge Agreements, (d) Rate Management Transactions, in form and substance and with a Person acceptable to the Agent or (e) other unsecured Indebtedness of the Borrower not exceeding $1,500,000 in the
aggregate at any point in time; or vote its partnership interest in Chase Energy, L.P., a Texas limited partnership, in favor of such entity’s incurring any Indebtedness other than Indebtedness of the character falling within the preceding
proviso in this Section 6.1, Indebtedness owing to the Borrower as a result of loans or advances from the Borrower not prohibited by the provisions of Section 6.6 or Section 6.7 and Indebtedness owing to Westwind Exploration, LLC, a
Texas limited liability company in an amount equal to such Indebtedness owing to the Borrower.” 
 2.6 Amendment to
Section 6.6. Section 6.6 of the Agreement is amended to substitute the following for clause (c) of the proviso appearing in such Section 6.6: 

“(c) loans or advances to limited partnerships in which the interest of the Borrower therein is subject to a first priority Lien in
favor of the Agent to secure the Obligations (including, for the avoidance of doubt, Chase Energy, L.P., a Texas limited partnership) outstanding as of December 31, 2009 and additional loans and advances made thereafter not exceeding $1,000,000
in the aggregate each calendar year when considered together with Investments by the Borrower which are the subject of clause (e) in the proviso appearing in Section 6.7.” 

2.7 Amendment of Section 6.7. Section 6.7 of the Agreement is amended to delete “or” preceding clause
(d) of the proviso appearing in such Section 6.7 and to add the following immediately after such clause (d): 
 “,
or (e) Investments in limited partnerships in which the interest of the Borrower therein is subject to a first priority Lien in favor of the Agent to secure the Obligations (including, for the avoidance of doubt, Chase Energy, L.P., a Texas
limited partnership) existing as of December 31, 2009 and additional Investments made thereafter not exceeding $1,000,000 in the aggregate each calendar year when considered together with loans and advances by the Borrower which are the subject
of clause (c) in the proviso appearing in Section 6.6.” 
  

 - 5 - 

 2.8 Amendment of Exhibit III. Exhibit III to the Agreement is replaced with the
Exhibit III appended to this Amendment. 
 ARTICLE III 

RATIFICATION AND ACKNOWLEDGMENT 

Each of the Borrower, the Lenders and the Agent does hereby adopt, ratify and confirm the Agreement, as amended hereby, and acknowledges
and agrees that the Agreement, as amended hereby, and each of the other Loan Documents to which it is a party is and remains in full force and effect. Each of the Borrower, the Lenders and the Agent hereby agrees and acknowledges that: (a) as
of the Effective Date, the Borrowing Base is $93,500,000, (b) as of the Effective Date, the Revolving Line of Credit No. 2 Loan Available Commitment is $6,500,000, (c) as of the Effective Date the Monthly Reduction Amount is
$2,000,000, with the first reduction of the Borrowing Base amount subsequent to the Effective Date as a result of such Monthly Reduction Amount to occur on June 1, 2010. 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

The Borrower does hereby re-make in favor of the Lenders and the Agent each of the representations and warranties made by it in the Loan
Documents to which it is a party and further represents and warrants that each of such representations and warranties made by it remains true and correct as of the date of execution of this Amendment. Further to the foregoing, the Borrower
specifically represents and warrants to the Lenders and the Agent that no Default or Event of Default existing as of the date of execution of this Amendment and giving effect to this Amendment. 

ARTICLE V 

MISCELLANEOUS 

5.1 Parties in Interest. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns permitted pursuant to the Agreement. 
 5.2 Rights of Third Parties. Except as provided in
Section 5.1, all provisions herein are imposed solely and exclusively for the benefit of the parties hereto. 
 5.3
Counterparts. This Amendment may be executed by one or more of the parties hereto in any number of separate counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument and shall be
enforceable upon the execution of one or more counterparts hereof by each of the parties hereto. In this regard, each of the parties hereto acknowledges that a counterpart of this Amendment containing a set of counterpart execution pages reflecting
the execution of each party hereto shall be sufficient to reflect the execution of this Amendment by each necessary party hereto and shall constitute one instrument. 

 

 - 6 - 

 5.4 Integration. This Amendment constitutes the entire agreement among the parties
hereto with respect to the subject hereof. All prior understandings, statements and agreements, whether written or oral, relating to the subject hereof are superseded by this Amendment. 

5.5 Invalidity. IN THE EVENT THAT ANY
ONE OR MORE OF THE PROVISIONS CONTAINED IN THIS AMENDMENT SHALL FOR
ANY REASON BE HELD INVALID, ILLEGAL OR UNENFORCEABLE IN ANY RESPECT,
SUCH INVALIDITY, ILLEGALITY OR UNENFORCEABILITY SHALL NOT AFFECT ANY OTHER PROVISION
OF THIS AMENDMENT. 
 5.6 Governing Law. THIS
AMENDMENT SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND SHALL
BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF TEXAS, WITHOUT REGARD TO PRINCIPLES OF SUCH LAWS RELATING TO
CONFLICT OF LAWS. 
 5.7 Scope of Amendment. This Amendment shall
constitute a Loan Document. The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Agent under any of the Loan Documents,
nor, except as expressly provided herein, constitute a waiver or amendment of any provision of any of the Loan Documents. 

(Signatures appear on following pages) 
  

 - 7 - 

 IN WITNESS WHEREOF, this Seventh Amendment to Amended and Restated Credit Agreement is
executed effective as of the Effective Date. 
  

			
	BORROWER:
	
	PRIMEENERGY CORPORATION
	 PRIMEENERGY MANAGEMENT CORPORATION

	PRIME OPERATING COMPANY
	EASTERN OIL WELL SERVICE COMPANY
	 SOUTHWEST OILFIELD CONSTRUCTION COMPANY

	EOWS MIDLAND COMPANY
		
	By:	 	  

		 	Beverly A. Cummings
		 	 Executive Vice President, Treasurer and

Chief Financial Officer of each such entity

(Signatures continue on following pages) 
  

 - 8 - 

			
	AGENT:
	
	 COMPASS BANK

(successor in interest
 to Guaranty Bank, FSB),

 as Agent

		
	By:	 	  

		 	Kathleen J. Bowen
		 	Senior Vice President
	
	LENDER:
	
	 COMPASS BANK

(successor in interest
 to Guaranty Bank, FSB)

		
	By:	 	  

		 	Kathleen J. Bowen
		 	Senior Vice President

 (Signatures
continue on following pages) 
  

 - 9 - 

			
	LENDER:
	
	BNP PARIBAS
		
	By:	 	  

	Name:	 	  

	Title:	 	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

(Signatures continue on following page) 
  

 - 10 - 

			
	LENDER:
	
	JPMORGAN CHASE BANK, N.A.
		
	By:	 	  

		 	Jo Linda Papadakis
		 	Vice President

  

 - 11 - 

 EXHIBIT III 

[FORM OF COMPLIANCE CERTIFICATE] 

(date) 
 Compass Bank

 24 Greenway Plaza 
 Suite 1400A

 Houston, Texas 77046 
 Attention:
Kathleen J. Bowen 
  

	 	Re:	Amended and Restated Credit Agreement dated as of December 28, 2006, as amended, by and among PRIMEENERGY CORPORATION, PRIMEENERGY MANAGEMENT CORPORATION,
PRIME OPERATING COMPANY, EASTERN OIL WELL SERVICE COMPANY, SOUTHWEST OILFIELD CONSTRUCTION COMPANY, EOWS MIDLAND COMPANY and COMPASS BANK, successor in interest to Guaranty Bank, FSB, as Agent, and the Lenders signatory thereto from time to time
(as amended, restated, or supplemented from time to time, the “Credit Agreement”) 

 Ladies and Gentlemen:

 Pursuant to applicable requirements of the Credit Agreement, the undersigned, as a Responsible Officer of the Borrower,
hereby certifies to you the following information as true and correct as of the date hereof or for the period indicated, as the case may be: 

1. To the best of the knowledge of the undersigned, no Default or Event of Default exists as of the date hereof or has occurred since the
date of our previous certification to you, if any. 
 1. To the best of the knowledge of the undersigned, the following Defaults
or Events of Default exist as of the date hereof or have occurred since the date of our previous certification to you, if any, and the actions set forth below are being taken to remedy such circumstances: 

2. The compliance of the Borrower with the financial covenants of the Credit Agreement, as of the close of business on
                    , is evidenced by the following: 
  

	 	(a)	Section 6.1: Limitation on Commodity Hedge Agreements. See the attached report demonstrating compliance with this limitation. 

 

	 	(b)	Section 6.6: Limitation on Loans and Advances to Limited Partnerships and Prime Offshore, L.L.C. See the attached report demonstrating compliance with this
limitation. 

  

 III-i 

	 	(c)	Section 6.7: Limitation on Investments in Limited Partnerships. See the attached report demonstrating compliance with this limitation.

  

	 	(d)	Section 6.13: Interest Coverage Ratio. Permit, as of the close of any fiscal quarter, the ratio of (a) quarterly EBITDAX on a trailing four-quarter
basis to (b) Interest Expense to be less than 3.00 to 1.00, measured on a trailing four-quarter basis. 

  

			
	 	 	Actual
		
		 	                     
to 1.0

  

	 	(e)	Section 6.14: Current Ratio. Permit, as of the close of any fiscal quarter, the ratio of Current Assets to Current Liabilities to be less than 1.00 to 1.00.

  

			
	  	 	 Actual

		
		 	                     
to 1.0

  

	 	(f)	Section 6.15: Tangible Net Worth. Permit Tangible Net Worth, as of the close of any fiscal quarter, to be less than $40,000,000 at September 30, 2006,
plus 75% of positive quarterly net income thereafter. 

  

			
		 	Actual

  

	 	(g)	Section 6.16: Bank Debt Coverage Ratio. Permit, as of the close of any fiscal quarter, the ratio of (a) Bank Debt to (b) EBITDAX to be greater
than 4.00 to 1.00, measured on a trailing four-quarter basis. 

  

			
	  	 	 Actual

		 	                     to 1.0

 

	 	3.	No Material Adverse Effect has occurred since the date of the Financial Statements dated as of
                    . 

  

 III-ii 

 Each capitalized term used but not defined herein shall have the meaning assigned to such
term in the Credit Agreement. 
  

			
	Very truly yours,
	
	PRIMEENERGY CORPORATION
	PRIMEENERGY MANAGEMENT
	CORPORATION, PRIME OPERATING
	COMPANY, EASTERN OIL WELL SERVICE
	COMPANY, SOUTHWEST OILFIELD
	CONSTRUCTION COMPANY
	EOWS MIDLAND COMPANY
		
	By:	 	  

		 	Beverly A. Cummings
		 	Executive Vice President, Treasurer, and
		 	Chief Financial Officer
		 	of each such entity

  

 III-iiiRatification of and Amendment to Mortgage, Deed of Trust, Security Agreement

 Exhibit 10.23.9 

RATIFICATION OF AND AMENDMENT TO 

MORTGAGE, DEED OF TRUST, SECURITY AGREEMENT, 

FINANCING STATEMENT AND ASSIGNMENT OF PRODUCTION 

This instrument, dated effective the 24th day of February, 2010 (the “Effective Date”), is entered into by and between
PRIMEENERGY CORPORATION (“Prime”), a Delaware corporation, and PRIMEENERGY MANAGEMENT CORPORATION (“PEMC”, and Prime and PEMC, collectively, the “Mortgagor”), a New York corporation, the address for
each of which for purposes hereof being One Landmark Square, Suite 1100, Stamford, Connecticut 06901-2605, and COMPASS BANK, an Alabama banking association and successor in interest to Guaranty Bank, FSB, a federal savings bank, the address for
which for purposes hereof being 24 Greenway Plaza, Suite 1400A, Houston, Texas 77046, in its capacity as administrative agent (in such capacity the “Mortgagee”) for the lenders party to that certain Amended and Restated Credit
Agreement dated as of December 28, 2006 by and among Prime, PEMC, PRIME OPERATING COMPANY, a Texas corporation, EASTERN OIL WELL SERVICE COMPANY, a West Virginia corporation, SOUTHWEST OILFIELD CONSTRUCTION COMPANY, an Oklahoma corporation,
EOWS MIDLAND COMPANY, a Texas corporation, and Guaranty Bank, FSB, a federal savings bank, individually as a lender and as administrative agent for the lenders signatory thereto from time to time (the “Lenders”) (as amended,
supplemented, restated or otherwise modified from time to time, the “Credit Agreement”). 
 WITNESSETH:

 WHEREAS, the Mortgagor has heretofore executed that certain security document more particularly described in Schedule
1 attached hereto and incorporated herein for all purposes by this reference (the “Security Document”); 

WHEREAS, the benefits of the mortgagee and secured party under the Security Document are now owned and held by the Mortgagee; and

 WHEREAS, the Mortgagor and the Mortgagee desire to ratify and amend the Security Document as described below; 

NOW, THEREFORE, in consideration of the foregoing, the benefits to be derived by the Mortgagor under the Credit Agreement and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Mortgagor, the parties hereto agree as follows: 

1. INCLUSION OF ADDITIONAL MORTGAGED PROPERTY. The Security Document is hereby amended so as to subject to the liens and security
interests thereof the oil, gas and mineral interests described in Exhibit A attached hereto and all elements of personalty associated therewith and as to which a security interest therein may be created pursuant to the Uniform Commercial
Code, including, but not limited to, “as-extracted collateral”, as such term is defined in the Uniform Commercial Code, whether now owned and existing or hereafter acquired or arising and those enumerated in the Security Document (together
with the interests presently subject to the Security Document, the “Mortgaged Property”). All references to the Mortgaged Property in the Security Document or herein shall be deemed to include, but not be limited to, the oil, gas
and mineral interests described in Exhibit A hereto and personalty associated therewith. 

 2. SUBSTITUTION OF TRUSTEE. Effective as of the Effective Date, Richard G. Sylvan,
the address for whom is 24 Greenway Plaza, Suite 1400A, Houston, Texas 77046, is substituted for John A. Clark as the Trustee under the Security Document and all references in the Security Document to the “Trustee” shall be references to
Richard G. Sylvan. 
 3. WARRANTIES, REPRESENTATIONS AND COVENANTS. The warranties, representations and covenants of the
Mortgagor contained in the Security Document are hereby remade by the Mortgagor to the Mortgagee, for the benefit of the Lenders, and are in full force and effect as of the date hereof. Such warranties, representations, and covenants shall apply
with equal force and effect to the oil, gas and mineral interests described in Exhibit A hereto and personalty associated therewith. 

4. REAFFIRMATION OF SECURITY DOCUMENT. To secure the Indebtedness (as such term is defined in the Security Document), the
Mortgagor has granted, bargained, sold, mortgaged, assigned, transferred and conveyed, and by these presents does grant, bargain, sell, mortgage, assign, transfer and convey, unto Richard G. Sylvan, Trustee for the benefit of the Mortgagee, for the
benefit of the Lenders, and grants to the Mortgagee, for the benefit of the Lenders, a security interest in, the Mortgaged Property (as such term is defined in the Security Document as amended hereby) not previously released from the lien and
security interest of the Security Document, including, but not limited to, the oil, gas and mineral interests described in Exhibit A hereto and personalty associated therewith, in trust to secure the Indebtedness (as such term is defined in
the Security Document). 
 TO HAVE AND TO HOLD the Mortgaged Property not previously released from the lien and security
interest of the Security Document, together with the rights, privileges and appurtenances now or hereafter at any time before the release of the Security Document in anywise belonging or appertaining thereto, unto Richard G. Sylvan, Trustee for the
benefit of the Mortgagee, for the benefit of the Lenders, to secure the payment of the Indebtedness (as such term is defined in the Security Document) and the agreements and covenants of the Mortgagor herein and in the Security Document. 

5. MISCELLANEOUS. This instrument shall be considered as an amendment to and ratification of the Security Document, and the
Security Document, as herein expressly amended, is hereby ratified, approved and confirmed in every respect. All liens created, extended or renewed by the Security Document are hereby extended, renewed and carried forward by this instrument and
incorporated herein. All references to the Security Document in any documents heretofore or hereafter executed shall be deemed to refer to the Security Document as amended by this instrument. 

(Signatures appear on following pages) 
  

 - 2 - 

 IN WITNESS WHEREOF, the parties hereto have executed this instrument to be effective as of
the Effective Date first hereinabove written. 
  

			
	MORTGAGOR (DEBTOR):
	
	PRIMEENERGY CORPORATION and PRIMEENERGY MANAGEMENT CORPORATION
		
	 By:
	 	  

		 	Beverly A. Cummings
		 	Executive Vice President, Treasurer, and
Chief Financial Officer of each of the companies listed above

(Signatures continue on following page) 
  

 - 3 - 

			
	AGENT:
	
	COMPASS BANK, as Agent
	(successor in interest to Guaranty Bank, FSB, as Agent)
		
	By:	 	  

		 	Kathleen J. Bowen
		 	Senior Vice President

  

 -4- 

			
		
	STATE OF TEXAS	 	§
		 	§
	COUNTY OF HARRIS	 	§

 The foregoing
instrument was acknowledged before me, the undersigned Notary Public, this 24th day of February, 2010, by Beverly A. Cummings, Executive Vice President, Treasurer, and Chief Financial Officer of each of PrimeEnergy Corporation, a Delaware
corporation, and PrimeEnergy Management Corporation, a New York corporation, on behalf of each of such corporations. 
  

	
	  

	NOTARY PUBLIC in and for
	the State of Texas
	  

	(Printed Name of Notary Public)

  

 -5- 

			
		
	THE STATE OF TEXAS	 	§
		 	§
	COUNTY OF HARRIS	 	§

 The foregoing
instrument was acknowledged before me, the undersigned Notary Public, this 24th day of February, 2010, by Kathleen J. Bowen, a Senior Vice President of COMPASS BANK, an Alabama banking association, on behalf of such Alabama banking association,
acting in the indicated capacity. 
  

	
	  

	NOTARY PUBLIC in and for
	the State of Texas
	  

	(Printed Name of Notary Public)

  

 -6- 

 SCHEDULE 1 

Security Document 
  

			
	 Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production dated effective
October 1, 2007, from PrimeEnergy Corporation and PrimeEnergy Management Corporation, to John A. Clark, Trustee for the benefit of Guaranty Bank, FSB, as Agent, filed and recorded as follows:

 

	 JURISDICTION
	 	FILING DATA
		
	TEXAS	 	
		
	 Reagan County
	 	 Filed October 19, 2007 under Document

No. 101610, Volume 87, Pages 17-58,
 Official
Public Records

  

 S1-i 

 EXHIBIT A 

The designation “Working Interest” or “W.I.” when used in this Exhibit means an interest owned in an oil, gas, and
mineral lease that determines the cost-bearing percentage of the owner of such interest. The designation “Net Revenue Interest” or “N.R.I.” means that portion of the production attributable to the owner of a working
interest after deduction for all royalty burdens, overriding royalty burdens or other burdens on production, except severance, production, and other similar taxes. The designation “Overriding Royalty Interest” or
“ORRI” means an interest in production which is free of any obligation for the expense of exploration, development, and production, bearing only its pro rata share of severance, production, and other similar taxes and, in instances
where the document creating the overriding royalty interest so provides, costs associated with compression, dehydration, other treating or processing, or transportation of production of oil, gas, or other minerals relating to the marketing of such
production. The designation “Royalty Interest” or “RI” means an interest in production which results from an ownership in the mineral fee estate or royalty estate in the relevant land and which is free of any
obligation for the expense of exploration, development, and production, bearing only its pro rata share of severance, production, and other similar taxes and, in instances where the document creating the royalty interest so provides, costs
associated with compression, dehydration, other treating or processing or transportation of production of oil, gas, or other minerals relating to the marketing of such production. 

Any reference in this Exhibit to wells or units is for warranty of interest, administrative convenience, and identification and shall not
limit or restrict the right, title, interest, or properties covered by this Deed of Trust. All right, title, and interest of Mortgagor in the properties described herein are and shall be subject to this Deed of Trust, regardless of the presence of
any units or wells not described herein. 
 [Descriptions of the relevant Leases and 

the relevant Land are found on the 

following pages of this Exhibit] 
  

 A-i 

 Additional Mortgaged Property 

 

							
	 WELL:
	  	WI:	 	 	NRI:	 
			
	 GPS #4
	  	100	% 	 	77.50	% 

 Lease Recording 

			
	 Information:
	  	Volume 72 Page 812, Official Public Records of Regan County, Texas
	 Description:
	  	Section 3, Block 1, A-4741, T&P Ry. Co. Survey, Reagan County, Texas

  

							
	 WELL:
	  	WI:	 	 	NRI:	 
			
	 CHARLES HUGHES 21 #1
	  	100	% 	 	75.00	% 
			
	 CHARLES HUGHES 21 #2
	  	100	% 	 	75.00	% 
			
	 CHARLES HUGHES 21 #3
	  	100	% 	 	75.00	% 
			
	 CHARLES HUGHES 21 #4
	  	100	% 	 	75.00	% 
			
	 CHARLES HUGHES 21 #5
	  	100	% 	 	75.00	% 
			
	 CHARLES HUGHES 21 #6
	  	100	% 	 	75.00	% 

 Lease Recording

			
	 Information:
	  	Volume 54 Page 113, Official Public Records of Reagan County, Texas
		  	Volume 54 Page 118, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 21, JE Skinner Original Grantee, A-426, Certificate 36/7, Reagan County, Texas

 

							
	 WELL:
	  	WI:	 	 	NRI:	 
			
	 HUGHES ALPINE WEST 22-1
	  	100	% 	 	75.00	% 

 Lease Recording

			
	 Information:
	  	Volume 54 Page 115, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 22, Block F, C&M Ry. Co. Survey, A-363, Certificate 35, Reagan County, Texas

 

 A-ii 

							
	 WELL:
	  	WI:	 	 	NRI:	 
	 HUNT 13-1
	  	90.00	% 	 	67.50	% 
			
	 HUNT 13-2
	  	90.00	% 	 	67.50	% 

 Lease Recording

			
	 Information:
	  	Volume 87 Page 344, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 13, Block L, A-460, TC RR Survey, Reagan County, Texas

  

							
	 WELL:
	  	WI:	 	 	NRI:	 
			
	 HUNT 15-1
	  	90.00	% 	 	67.50	% 
			
	 HUNT 15-2
	  	90.00	% 	 	67.50	% 
			
	 HUNT 15-3
	  	90.00	% 	 	67.50	% 
			
	 HUNT 15-4
	  	90.00	% 	 	67.50	% 

 Lease Recording

			
	 Information:
	  	Volume 87 Page 344, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 15, Block L, A-112, D&P RR Co. Survey, Reagan County, Texas

  

							
	 WELL:
	  	WI:	 	 	NRI:	 
			
	 HUNT 17-1
	  	90.00	% 	 	67.50	% 
			
	 HUNT 17-2
	  	90.00	% 	 	67.50	% 
			
	 HUNT 17-3
	  	90.00	% 	 	67.50	% 
			
	 HUNT 17-4
	  	90.00	% 	 	67.50	% 
			
	 HUNT 17-5
	  	90.00	% 	 	67.50	% 
			
	 HUNT 17-6
	  	90.00	% 	 	67.50	% 

  

 A-iii 

 Lease Recording 

			
	 Information:
	  	Volume 87 Page 344, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 17, Block L, Certificate 113, D&P RR Co. Survey, Reagan County, Texas

  

							
	 WELL:
	  	WI:	 	 	NRI:	 
			
	 PRIME KILE #2
	  	42.5975	% 	 	34.078	% 

 Lease Recording

			
	 Information:
	  	Volume 88 Page 653, Official Public Records of Reagan County, Texas
		  	Volume 88 Page 663, Official Public Records of Reagan County, Texas
		  	Volume 88 Page 673, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 1, A-163, Certificate 4/1698, GC&SF Ry Co Survey, Reagan County, Texas

  

							
	 WELL:
	  	WI:	 	 	NRI:	 
			
	 PRIME KILE A#4
	  	42.5975	% 	 	34.078	% 
			
	 PRIME KILE B#5
	  	42.5975	% 	 	34.078	% 

 Lease Recording

			
	 Information:
	  	Volume 88 Page 653, Official Public Records of Reagan County, Texas
		  	Volume 88 Page 663, Official Public Records of Reagan County, Texas
		  	Volume 88 Page 673, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 6, A-8, Certificate 4/1700, GC&SF Ry Co Survey, Reagan County, Texas

  

							
	 WELL:
	  	WI:	 	 	NRI:	 
			
	 NSU 1-1
	  	50.00	% 	 	39.662976	% 
			
	 NSU 1-2
	  	50.00	% 	 	39.662976	% 
			
	 NSU 1-4
	  	50.00	% 	 	39.662976	% 
			
	 NSU 1-5
	  	50.00	% 	 	39.662976	% 
			
	 NSU 1-6
	  	50.00	% 	 	39.662976	% 
			
	 NSU 1-7
	  	50.00	% 	 	39.662976	% 
			
	 NSU 1-8
	  	50.00	% 	 	39.662976	% 
			
	 NSU 1-9
	  	50.00	% 	 	39.662976	% 
			
	 NSU 1-10
	  	50.00	% 	 	39.662976	% 
			
	 NSU 1-11
	  	50.00	% 	 	39.662976	% 
			
	 NSU 13
	  	100	% 	 	77.07524	% 

  

 A-iv 

 Lease Recording 

			
	 Information:
	  	Volume 63 Page 406, Official Public Records of Reagan County, Texas
		  	Volume 63 Page 385, Official Public Records of Reagan County, Texas
		  	Volume 64 Page 257, Official Public Records of Reagan County, Texas
		  	Volume 67 Page 397, Official Public Records of Reagan County, Texas
		  	Volume 68 Page 430, Official Public Records of Reagan County, Texas
		  	Volume 90 Page 189, Official Public Records of Reagan County, Texas
		  	Volume 92 Page 117, Official Public Records of Reagan County, Texas
		  	Volume 98 Page 673, Official Public Records of Reagan County, Texas
		  	Volume 61 Page 522, Official Public Records of Reagan County, Texas
		  	Volume 62 Page 758, Official Public Records of Reagan County, Texas
		  	Volume 68 Page 93, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 1, Block G, C&M Ry Co Survey, Reagan County, Texas

  

							
	 WELL:
	  	WI:	 	 	NRI:	 
			
	 NSU 17-21
	  	50.00	% 	 	38.7451439	% 
			
	 NSU 17-22
	  	50.00	% 	 	38.7451439	% 
			
	 NSU 17-23
	  	50.00	% 	 	38.7451439	% 
			
	 NSU 17-24
	  	50.00	% 	 	38.7451439	% 

 Lease Recording

			
	 Information:
	  	Volume 38 Page 597, Official Public Records of Reagan County, Texas
		  	Volume 38 Page 601, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 17, Block F, C&M Ry Co Survey, Reagan County, Texas

  

 A-v 

							
	 WELL:
	  	WI:	 	 	NRI:	 
			
	 NSU 24-56
	  	50.00	% 	 	38.745144	% 

 Lease Recording

			
	 Information:
	  	Volume 61 Page 403, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 24, Block F, C&M RR Co Survey, Reagan County, Texas

  

							
	 WELL:
	  	WI:	 	 	NRI:	 
			
	 NSU 25-1
	  	50.00	% 	 	38.7842068	% 
			
	 NSU 25-2
	  	50.00	% 	 	38.7842068	% 
			
	 NSU 25-3
	  	50.00	% 	 	38.7842068	% 
			
	 NSU 25-4
	  	50.00	% 	 	38.7842068	% 
			
	 NSU 25-5
	  	50.00	% 	 	38.7842068	% 
			
	 NSU 25-6
	  	50.00	% 	 	38.7842068	% 
			
	 NSU 25-7
	  	50.00	% 	 	38.7842068	% 
			
	 NSU 25-8
	  	50.00	% 	 	38.7842068	% 
			
	 NSU 25-9
	  	50.00	% 	 	38.7842068	% 
			
	 NSU 25-10
	  	50.00	% 	 	38.7842068	% 
			
	 NSU 25-11
	  	50.00	% 	 	39.4018822	% 
			
	 NSU 25-12
	  	50.00	% 	 	39.4018822	% 
			
	 NSU 25-13
	  	50.00	% 	 	38.7842068	% 
			
	 NSU 25-14
	  	50.00	% 	 	38.7842068	% 
			
	 NSU 25-15
	  	50.00	% 	 	39.4018822	% 
			
	 NSU 25-16
	  	50.00	% 	 	39.4018822	% 

 Lease Recording

			
	 Information:
	  	Volume 91 Page 76, Official Public Records of Reagan County, Texas
		  	Volume 68 Page 93, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 25, Block F, C&M Ry Co Survey, Reagan County, Texas

  

 A-vi 

							
	 WELL:
	  	WI:	 	 	NRI:	 
			
	 SSU 9-58
	  	50.00	% 	 	37.916587	% 
			
	 SSU 9-59
	  	50.00	% 	 	37.916587	% 
			
	 SSU 9-60
	  	50.00	% 	 	37.916587	% 
			
	 SSU 9-61
	  	50.00	% 	 	37.916587	% 

 Lease Recording

			
	 Information:
	  	Volume 58 Page 100, Official Public Records of Reagan County, Texas
		  	Volume 58 Page 103, Official Public Records of Reagan County, Texas
		  	Volume 58 Page 105, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 9, Block L, TC RR Co Survey, Reagan County, Texas

  

							
	 WELL:
	  	WI:	 	 	NRI:	 
			
	 THOMAS 3 #1
	  	100	% 	 	75.3710941	% 
			
	 THOMAS 3 #2
	  	100	% 	 	75.3710941	% 

 Lease Recording

			
	 Information:
	  	Volume 76 Page 267, Official Public Records of Reagan County, Texas
		  	Volume 76 Page 676, Official Public Records of Reagan County, Texas
		  	Volume 69 Page 69, Official Public Records of Reagan County, Texas
		  	Volume 75 Page 139, Official Public Records of Reagan County, Texas
		  	Volume 78 Page 11, Official Public Records of Reagan County, Texas
		  	Volume 78 Page 16, Official Public Records of Reagan County, Texas
		  	Volume 73 Page 485, Official Public Records of Reagan County, Texas
		  	Volume 69 Page 822, Official Public Records of Reagan County, Texas
		  	Volume 74 Page 368, Official Public Records of Reagan County, Texas
		  	Volume 75 Page 139, Official Public Records of Reagan County, Texas

  

 A-vii 

			
		  	Volume 73 Page 854, Official Public Records of Reagan County, Texas
		  	Volume 79 Page 324, Official Public Records of Reagan County, Texas
		  	Volume 73 Page 849, Official Public Records of Reagan County, Texas
		  	Volume 69 Page 332, Official Public Records of Reagan County, Texas
		  	Volume 69 Page 335, Official Public Records of Reagan County, Texas
		  	Volume 69 Page 338, Official Public Records of Reagan County, Texas
		  	Volume 72 Page 406, Official Public Records of Reagan County, Texas
		  	Volume 77 Page 581, Official Public Records of Reagan County, Texas
		  	Volume 76 Page 596, Official Public Records of Reagan County, Texas
		  	Volume 76 Page 676, Official Public Records of Reagan County, Texas
		  	Volume 77 Page 9, Official Public Records of Reagan County, Texas
		  	Volume 114 Page 476, Official Public Records of Reagan County, Texas
		  	Volume 114 Page 478, Official Public Records of Reagan County, Texas
		  	Volume 114 Page 480, Official Public Records of Reagan County, Texas
		  	Volume 114 Page 482, Official Public Records of Reagan County, Texas
	Description:	  	Section 3, Block F, A-338, L&SV RR Co Survey, Reagan County, Texas

  

							
	 WELL:
	  	WI:	 	 	NRI:	 
			
	 HAM RANCH
	  	100	% 	 	75.00	% 

 Lease Recording

			
	Information:	  	Volume 109 Page 167, Official Public Records of Reagan County, Texas
	Description:	  	Section 1947, SA & MG RR Co. Survey, A-433, Reagan County, Texas

  

 A-viii 

 Property Description 

 

							
	 WELL:
	  	WI:	 	 	NRI:	 
	 GPS #4
	  	100	% 	 	77.50	% 

 Lease Recording

			
	 Information:
	  	Volume 72 Page 812, Official Public Records of Regan County, Texas
	 Description:
	  	Section 3, Block 1, A-4741, T&P Ry. Co. Survey, Reagan County, Texas

  

							
	 WELL:
	  	WI:	 	 	NRI:	 
	 CHARLES HUGHES 21 #1
	  	100	% 	 	75.00	% 
	 CHARLES HUGHES 21 #2
	  	100	% 	 	75.00	% 
	 CHARLES HUGHES 21 #3
	  	100	% 	 	75.00	% 
	 CHARLES HUGHES 21 #4
	  	100	% 	 	75.00	% 
	 CHARLES HUGHES 21 #5
	  	100	% 	 	75.00	% 
	 CHARLES HUGHES 21 #6
	  	100	% 	 	75.00	% 

 Lease Recording

			
	 Information:
	  	Volume 54 Page 113, Official Public Records of Reagan County, Texas
		  	Volume 54 Page 118, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 21, JE Skinner Original Grantee, A-426, Certificate 36/7, Reagan County, Texas
		  	

  

							
	 WELL:
	  	WI:	 	 	NRI:	 
	 HUGHES ALPINE WEST 22-1
	  	100	% 	 	75.00	% 

 Lease Recording

			
	 Information:
	  	Volume 54 Page 115, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 22, Block F, C&M Ry. Co. Survey, A-363, Certificate 35, Reagan County, Texas

 

 - 1 - 

							
	 WELL:
	  	WI:	 	 	NRI:	 
	 HUNT 13-1
	  	90.00	% 	 	67.50	% 
	 HUNT 13-2
	  	90.00	% 	 	67.50	% 

 Lease Recording

			
	 Information:
	  	Volume 87 Page 344, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 13, Block L, A-460, TC RR Survey, Reagan County, Texas

  

							
	 WELL:
	  	WI:	 	 	NRI:	 
	 HUNT 15-1
	  	90.00	% 	 	67.50	% 
	 HUNT 15-2
	  	90.00	% 	 	67.50	% 
	 HUNT 15-3
	  	90.00	% 	 	67.50	% 
	 HUNT 15-4
	  	90.00	% 	 	67.50	% 

 Lease Recording

			
	 Information:
	  	Volume 87 Page 344, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 15, Block L, A-112, D&P RR Co. Survey, Reagan County, Texas

  

							
	 WELL:
	  	WI:	 	 	NRI:	 
	 HUNT 17-1
	  	90.00	% 	 	67.50	% 
	 HUNT 17-2
	  	90.00	% 	 	67.50	% 
	 HUNT 17-3
	  	90.00	% 	 	67.50	% 
	 HUNT 17-4
	  	90.00	% 	 	67.50	% 
	 HUNT 17-5
	  	90.00	% 	 	67.50	% 
	 HUNT 17-6
	  	90.00	% 	 	67.50	% 

 Lease Recording

			
	 Information:
	  	Volume 87 Page 344, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 17, Block L, Certificate 113, D&P RR Co. Survey, Reagan County, Texas

 

 - 2 - 

							
	 WELL:
	  	WI:	 	 	NRI:	 
	 PRIME KILE #2
	  	42.5975	% 	 	34.078	% 

 Lease Recording

			
	Information:	  	Volume 88 Page 653, Official Public Records of Reagan County, Texas
		  	Volume 88 Page 663, Official Public Records of Reagan County, Texas
		  	Volume 88 Page 673, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 1, A-163, Certificate 4/1698, GC&SF Ry Co Survey, Reagan
County, Texas

 

							
	 WELL:
	  	WI:	 	 	NRI:	 
	 PRIME KILE A#4
	  	42.5975	% 	 	34.078	% 
	 PRIME KILE B#5
	  	42.5975	% 	 	34.078	% 

 Lease Recording

			
	 Information:
	  	Volume 88 Page 653, Official Public Records of Reagan County, Texas
		  	Volume 88 Page 663, Official Public Records of Reagan County, Texas
		  	Volume 88 Page 673, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 6, A-8, Certificate 4/1700, GC&SF Ry Co Survey, Reagan
County, Texas

  

							
	 WELL:
	  	WI:	 	 	NRI:	 
	 NSU 1-1
	  	50.00	% 	 	39.662976	% 
	 NSU 1-2
	  	50.00	% 	 	39.662976	% 
	 NSU 1-4
	  	50.00	% 	 	39.662976	% 
	 NSU 1-5
	  	50.00	% 	 	39.662976	% 
	 NSU 1-6
	  	50.00	% 	 	39.662976	% 
	 NSU 1-7
	  	50.00	% 	 	39.662976	% 
	 NSU 1-8
	  	50.00	% 	 	39.662976	% 
	 NSU 1-9
	  	50.00	% 	 	39.662976	% 
	 NSU 1-10
	  	50.00	% 	 	39.662976	% 
	 NSU 1-11
	  	50.00	% 	 	39.662976	% 
	 NSU 13
	  	100	% 	 	77.07524	% 

  

 - 3 - 

 Lease Recording 

			
	 Information:
	  	Volume 63 Page 406, Official Public Records of Reagan County, Texas
		  	Volume 63 Page 385, Official Public Records of Reagan County, Texas
		  	Volume 64 Page 257, Official Public Records of Reagan County, Texas
		  	Volume 67 Page 397, Official Public Records of Reagan County, Texas
		  	Volume 68 Page 430, Official Public Records of Reagan County, Texas
		  	Volume 90 Page 189, Official Public Records of Reagan County, Texas
		  	Volume 92 Page 117, Official Public Records of Reagan County, Texas
		  	Volume 98 Page 673, Official Public Records of Reagan County, Texas
		  	Volume 61 Page 522, Official Public Records of Reagan County, Texas
		  	Volume 62 Page 758, Official Public Records of Reagan County, Texas
		  	Volume 68 Page 93, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 1, Block G, C&M Ry Co Survey, Reagan County, Texas

  

							
	 WELL:
	  	WI:	 	 	NRI:	 
	 NSU 17-21
	  	50.00	% 	 	38.7451439	% 
	 NSU 17-22
	  	50.00	% 	 	38.7451439	% 
	 NSU 17-23
	  	50.00	% 	 	38.7451439	% 
	 NSU 17-24
	  	50.00	% 	 	38.7451439	% 

 Lease Recording

			
	 Information:
	  	Volume 38 Page 597, Official Public Records of Reagan County, Texas
		  	Volume 38 Page 601, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 17, Block F, C&M Ry Co Survey, Reagan County, Texas

  

							
	 WELL:
	  	WI:	 	 	NRI:	 
	 NSU 24-56
	  	50.00	% 	 	38.745144	% 

 Lease Recording

			
	 Information:
	  	Volume 61 Page 403, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 24, Block F, C&M RR Co Survey, Reagan County, Texas

  

 - 4 - 

							
	 WELL:
	  	WI:	 	 	NRI:	 
	 NSU 25-1
	  	50.00	% 	 	38.7842068	% 
	 NSU 25-2
	  	50.00	% 	 	38.7842068	% 
	 NSU 25-3
	  	50.00	% 	 	38.7842068	% 
	 NSU 25-4
	  	50.00	% 	 	38.7842068	% 
	 NSU 25-5
	  	50.00	% 	 	38.7842068	% 
	 NSU 25-6
	  	50.00	% 	 	38.7842068	% 
	 NSU 25-7
	  	50.00	% 	 	38.7842068	% 
	 NSU 25-8
	  	50.00	% 	 	38.7842068	% 
	 NSU 25-9
	  	50.00	% 	 	38.7842068	% 
	 NSU 25-10
	  	50.00	% 	 	38.7842068	% 
	 NSU 25-11
	  	50.00	% 	 	39.4018822	% 
	 NSU 25-12
	  	50.00	% 	 	39.4018822	% 
	 NSU 25-13
	  	50.00	% 	 	38.7842068	% 
	 NSU 25-14
	  	50.00	% 	 	38.7842068	% 
	 NSU 25-15
	  	50.00	% 	 	39.4018822	% 
	 NSU 25-16
	  	50.00	% 	 	39.4018822	% 

 Lease Recording

			
	Information:	  	Volume 91 Page 76, Official Public Records of Reagan County, Texas
		  	Volume 68 Page 93, Official Public Records of Reagan County, Texas
	Description:	  	Section 25, Block F, C&M Ry Co Survey, Reagan County, Texas

  

							
	 WELL:
	  	WI:	 	 	NRI:	 
	 SSU 9-58
	  	50.00	% 	 	37.916587	% 
	 SSU 9-59
	  	50.00	% 	 	37.916587	% 
	 SSU 9-60
	  	50.00	% 	 	37.916587	% 
	 SSU 9-61
	  	50.00	% 	 	37.916587	% 

 Lease Recording

			
	Information:	  	Volume 58 Page 100, Official Public Records of Reagan County, Texas
		  	Volume 58 Page 103, Official Public Records of Reagan County, Texas
		  	Volume 58 Page 105, Official Public Records of Reagan County, Texas
	Description:	  	Section 9, Block L, TC RR Co Survey, Reagan County, Texas

  

							
	 WELL:
	  	WI:	 	 	NRI:	 
	 THOMAS 3 #1
	  	100	% 	 	75.3710941	% 
	 THOMAS 3 #2
	  	100	% 	 	75.3710941	% 

  

 -5- 

 Lease Recording 

					
	Information:	  		  	Volume 76 Page 267, Official Public Records of Reagan County, Texas
		  		  	Volume 76 Page 676, Official Public Records of Reagan County, Texas
		  		  	Volume 69 Page 69, Official Public Records of Reagan County, Texas
		  		  	Volume 75 Page 139, Official Public Records of Reagan County, Texas
		  		  	Volume 78 Page 11, Official Public Records of Reagan County, Texas
		  		  	Volume 78 Page 16, Official Public Records of Reagan County, Texas
		  		  	Volume 73 Page 485, Official Public Records of Reagan County, Texas
		  		  	Volume 69 Page 822, Official Public Records of Reagan County, Texas
		  		  	Volume 74 Page 368, Official Public Records of Reagan County, Texas
		  		  	Volume 75 Page 139, Official Public Records of Reagan County, Texas
		  		  	Volume 73 Page 854, Official Public Records of Reagan County, Texas
		  		  	Volume 79 Page 324, Official Public Records of Reagan County, Texas
		  		  	Volume 73 Page 849, Official Public Records of Reagan County, Texas
		  		  	Volume 69 Page 332, Official Public Records of Reagan County, Texas
		  		  	Volume 69 Page 335, Official Public Records of Reagan County, Texas
		  		  	Volume 69 Page 338, Official Public Records of Reagan County, Texas
		  		  	Volume 72 Page 406, Official Public Records of Reagan County, Texas
		  		  	Volume 77 Page 581, Official Public Records of Reagan County, Texas
		  		  	Volume 76 Page 596, Official Public Records of Reagan County, Texas
		  		  	Volume 76 Page 676, Official Public Records of Reagan County, Texas
		  		  	Volume 165 Page 215, Official Public Records of Irion County, Texas
		  		  	Volume 165 Page 212, Official Public Records of Irion County, Texas
		  		  	Volume 165 Page 217, Official Public Records of Irion County, Texas
		  		  	Volume 77 Page 9, Official Public Records of Reagan County, Texas
		  		  	Volume 165 Page 210, Official Public Records of Irion County, Texas
		  		  	NEED RECORDING INFORMATION FOR CARLOTTA HARTMAN
		  	TRUST LEASE
	Description:	  		  	Section 3, Block F, A-338, L&SV RR Co Survey, Reagan County, Texas

  

 -6- 

							
	 WELL:
	  	WI:	 	 	NRI:	 
	 HAM RANCH
	  	100	% 	 	75.00	% 

 Lease Recording

			
	Information:	  	Volume 109 Page 167, Official Public Records of Reagan County, Texas
	 Description:
	  	Section 1947, SA & MG RR Co. Survey, A-433, Reagan County, Texas

  

 -7-

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