Exhibit 10.8
EOTT ENERGY Operating Limited Partnership
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December 8, 1998
CRUDE OIL PURCHASE CONTRACT
TO: Hallador Production Company
Attn: ▇▇▇ ▇▇▇▇▇▇
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The undersigned "Seller," whether one or more, hereby represents, warrants
and declares that it is authorized to deliver and sell (and receive 100%
of the proceeds) for all of the "oil" produced from the following:
Lease(s): South Cuyama #5093872 and ▇▇▇▇▇▇▇ #5093873
Described as: Santa Barbara, CA
This Crude Oil Purchase Agreement "Agreement" between Hallador Production
Company hereinafter called "Seller," and EOTT ENERGY Operating Limited
Partnership hereinafter called "Buyer," sets forth the terms and
conditions under which Seller agrees to sell and deliver, and Buyer agrees
to purchase and receive, the crude and/or condensate ("oil") from the
above described Lease(s), to wit:
I: TERM:
Effective January 1, 1999 through June 30, 1999 and continuing
thereafter on a six month evergreen.
II. TYPE OF OIL:
Buena Vista
III. QUANTITY:
Approximately 800-1,100 bbls per day.
IV. DELIVERY:
Delivery shall be made from designated shipping tanks and/or
through sales meters into EOTT's designated carrier from the South
Cuyama and ▇▇▇▇▇▇▇ leases. Title shall pass from Hallador
Production Company to EOTT as crude oil passes through the outlet
flange of the tank.
V. PRICE:
Average of Chevron, Union, and Equiva's Buena Vista posting plus
$.05 per bbl gravity adjusted EDQ.
VI. PAYMENT:
Payment shall be made on the twentieth (20th) of the month
following the month of delivery.
VII. INVOICES:
All invoices, invoicing documents and invoicing matters for EOTT
Energy Operating Limited Partnership, shall be sent to the
following address:
CONTRACTS: INVOICES: DIVISION ORDERS:
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EOTT ENERGY Operating EOTT ENERGY Operating EOTT ENERGY Operating
Limited Partnership Limited Partnership Limited Partnership
Attn: ▇▇▇▇ ▇▇▇▇▇▇/ Attn: Crude Oil Attn: Division Order
Lease Acquisition Accounting Department
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Phone #▇▇▇-▇▇▇-▇▇▇▇ Fax invoices to:
Fax #▇▇▇-▇▇▇-▇▇▇▇ ▇▇▇-▇▇▇-▇▇▇▇
Hallador Production Company EOTT ENERGY Operating Limited Partnership
By: /S/▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ By: /S/▇▇▇ ▇▇▇▇▇▇▇
Printed: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Printed: ▇▇▇ ▇▇▇▇▇▇▇
Title: President Title: Manager, Lease Acquisitions
Date: December 10, 1998 Date: December 8, 1998
Tax ID# ▇▇-▇▇▇▇▇▇▇
Please return one executed copy in the self addressed envelope.
EOTT ENERGY CORP.
General Partner