EOTT ENERGY Operating Limited Partnership
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September 2, 1999
CRUDE OIL PURCHASE CONTRACT
HALLADOR PRODUCTION COMPANY
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▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ EOTT CONTRACT #36937
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 Lease #5093872; ▇▇▇▇▇▇▇ Lease #5093873
Described as: Santa ▇▇▇▇▇▇▇ County, 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 01, 2000 through March 31, 2000 continuing thereafter on a 30
day evergreen
II. TYPE OF OIL:
Buena Vista Hills
III. QUANTITY:
About 700 to 1400 barrels 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 Lease #5093872;
▇▇▇▇▇▇▇ Lease #5093873. 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, & Equiva's Buena Vista Posting, plus $0.85 per
barrel, 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:
EOTT ENERGY Operating Limited Partnership
Attn: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇/Lease Acquisitions
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INVOICES:
EOTT ENERGY Operating Limited Partnership
Attn: Crude Oil Accounting
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Fax invoices to: (▇▇▇)▇▇▇-▇▇▇▇
DIVISION ORDERS:
EOTT ENERGY Operating Limited Partnership
Attn: Division Order Department
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HALLADOR PRODUCTION COMPANY EOTT ENERGY Operating Limited Partnership
By: /S/▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ By: /S/▇▇▇ ▇▇▇▇▇▇▇
Printed: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Printed: ▇▇▇ ▇▇▇▇▇▇▇
Title: President Title: Manager, Lease Acquisitions
Date: 9/3/99 Date: September 2, 1999
Tax ID#: ▇▇-▇▇▇▇▇▇▇
Please return one executed copy in the self addressed envelope.
EOTT ENERGY CORP.
General Partner