EXHIBIT 10.17
PRIDECO
STANDARD LEASING AGREEMENT
FINANCE LEASE
Lease No._________
Lessor. The Lessor is Prideco, a Ford Dealer and an Oklahoma corporation with
offices at ▇.▇. ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇.
Lessee. The Lessee is Red Man Pipe & Supply Co. whose address is
▇▇▇▇▇, ▇▇. ▇▇▇▇▇
Lessor leases to Lessee, and Lessee leases from Lessor, the following
vehicles and equipment upon the following terms and conditions:
1. VEHICLES, EQUIPMENT, ORIGINAL VALUE, TERM, GVW and USE. Each vehicle
included in this lease (hereinafter called "Vehicle"), the extra equipment
thereon, and the original value, lease term, GVW and use thereof shall be as set
forth in the annexed Schedule A. Additional equipment, may be installed after
delivery at Lessee's expense, with Lessor's approval, and may be removed and
retained by Lessee upon expiration (but not termination) of the lease term at
Lessee's expense, provided Lessee restores the Vehicle to its original condition
prior to installation of such additional equipment.
a. Commencement of Term. The lease term for each Vehicle shall commence on
the date of delivery of the Vehicle to the Lessee as shown on a delivery receipt
therefor signed by the Lessee (or agent) and given to the Lessor at the time of
delivery.
2. MONTHLY RENTAL. The Lessee shall pay the Lessor the Monthly Rental
specified for each Vehicle in Schedule A, payable in advance on the commencement
of the term and the first day of each month thereafter. If the term commences
on other than the first day, or ends on other than the last day, of a month, the
Monthly Rental for the month shall be apportioned on a daily basis. The Monthly
Rentals for all vehicles shall be paid in a single payment.
3. OPERATING EXPENSES. Lessee shall pay for all washing, parking,
garage, highway, road service and towing charges or tolls, and all fines,
incurred in connection with each Vehicle. Lessee shall also pay for all
gasoline, oil and anti-freeze required for proper operation or protection of
each Vehicle.
4. REGISTRATION and INSPECTION. Lessee shall accomplish and pay for the
titling, registration and licensing of each Vehicle in the Lessor's name (unless
otherwise agreed if permitted by law), and all inspections thereof required by
any governmental authority, except to the extent the same are to be accomplished
and paid for by Lessor as specified in Schedule A. Lessee shall permit Lessor
and its designees to inspect each Vehicle at reasonable times and intervals.
5. TAXES. Lessee shall pay all occupational taxes and governmental
charges imposed in connection with the use to which any Vehicle is put. Lessee
shall also pay all sales, use, excise, personal property and other taxes and
governmental charges payable during the lease term with respect to each Vehicle
or its ownership, possession, rental, transportation or delivery, except net
income or gross receipts taxes measured by rentals payable hereunder.
6. MAINTENANCE and REPAIRS. Lessee shall maintain each Vehicle in good
working order and condition, properly serviced and greased, and shall make all
necessary repairs and replacements. Title to all replacements shall vest in
Lessor. All such servicing, repairs and replacements shall be done, in order of
preference, at Lessor's shop or shop of nearest authorized dealer in such make
of vehicle, unless any interested insurance company shall direct otherwise.
a. Payment. All repairs made necessary by accident or collision and not
covered by insurance and all other servicing, repairs and replacements shall be
paid for by Lessee.
7. RISKS and INDEMNITY. Lessee shall indemnify and hold harmless the
Lessor and Lessor's agents and employees from and against (i) any damage, loss,
theft or destruction of any Vehicle and its contents during the lease term, and
(ii) any loss, damage, injury, claim, demand, cost and expense (including legal
expense) arising out of or connected with the use, operation or condition
(including all defects whether or not discoverable by either party) of any
Vehicle during the lease term, except any portion of any such loss, etc., that
is within the coverage of any insurance to be provided by Lessor as specified in
Schedule A.
Each party shall promptly notify the other of any such loss, etc., of
which he has knowledge. Lessee shall be entitled to participate in the defense
of any such claim or demand.
8. INSURANCE. During the lease term, each Vehicle shall be covered with
the following insurance:
(i) Comprehensive fire and theft insurance for cars, and fire, theft
and combined additional insurance for trucks with not more than
$50 deductible for cars and light trucks and $100 deductible for
medium and heavier trucks.
(ii) Collision and upset insurance with not more than $100 deductible
for cars and light trucks and $250 deductible for medium and
heavier trucks; and
(iii) Automobile liability insurance with limits of not less than
$100,000 for any one person for injury or death, $300,000 for any
one accident for personal injury or death, and $25,000 for
property damage for cars and $50,000 for property damage for
trucks.
a. Procurement and Payment. All such insurance shall be procured and paid
for by Lessee except to the extent the same is to be procured and paid for by
Lessor as specified in Schedule A.
b. Other Insurance. Lessee shall provide and pay for any other insurance or
bond that may be required by any governmental authority as a condition to or in
connection with Lessee's use of any Vehicle.
c. Persons Protected, Insurers. ALl insurance referred to above shall
protect, as their interests may appear, the Lessor, the Lessee, any other
person having an interest in the Vehicle if he so desires, and any person
responsible for the use or operation of the Vehicle. All such insurance shall be
provided through insurance companies approved by Lessor. Any insurance referred
to in (i) and (ii) above to be provided by Lessor may be provided by self-
insurance. Lessee shall furnish Lessor satisfactory evidence of insurance to be
provided by Lessee.
d. Proceeds. Any insurance proceeds received by either party for any loss or
casualty that has been made good by the other shall to that extent be paid to
the other, unless such other is then in default with respect to any of his
obligations hereunder and fails to cure such default.
9. PERFORMANCE of OTHER'S OBLIGATION: REIMBURSEMENT. If either party
shall fail or refuse, for any reason, to perform any provision of paragraph
3,4,5,6 or 8 hereof, the other party may, at his option, perform the same and
shall be reimbursed his costs therefor upon demand.
10. USAGE. Each Vehicle shall be used and operated only (i) for the use
and within the GVW specified therefor in Schedule A, and (ii) in a careful
manner and in compliance with all governmental requirements, including those
pertaining to the age and licensing of drivers and disclosure of Lessor's
interest in the Vehicle. No Vehicle shall be used or operated (i) in a manner
subjecting it to depreciation above the normal depreciation associated with the
use specified therefor in Schedule A, (ii) for an illegal purpose or by a person
under the influence of alcohol or narcotics, (iii) for the transportation of
goods or persons for hire, (iv) in any manner or for any purpose that would
cause any insurance specified in paragraph 8 to be suspended, cancelled,
inapplicable, or increased in cost, or (v) outside the continental United States
or Canada. Lessee shall not place any sign or marking on any Vehicle without
Lessor's prior written consent and shall bear the cost of removing the same at
the end of this lease and of repairing any damage caused by such removal.
11. TERMINATION.
a. By Lessor. The Lessor may terminate this lease at any time with respect
to any or all of the Vehicles by written notice to the Lessee upon the
occurrence of any of the following events of default: (i) failure by the Lessee
to provide any insurance to be provided by Lessee, or refusal by any mutually
approved carrier to issue any insurance required hereunder, or cancellation or
suspension by the carrier of any insurance required hereunder, (ii) failure by
the Lessee to pay any Monthly Rental or other sum then payable to Lessor
hereunder and such failure continues for more than 10 days after Lessor has
issued a demand notice for payment thereof, (iii) failure by the Lessee to
perform any other provision of this lease to be performed by Lessee, (iv) the
filing of any petition by or against the Lessee under any bankruptcy
reorganization or receivership law, or Lessee's making an assignment for the
benefit of creditors, or Lessee suffers the appointment of any trustee or
receiver of Lessee's business or assets or any part thereof, or Lessee makes or
suffers any voluntary or involuntary assignment of Lessee's interest in any
Vehicle, or Lessee suffers any lien, attachment or levy to become attached to
any Vehicle, unless such petition, assignment, appointment, lien, attachment or
levy be withdrawn or nullified in 20 days.
b. By Lessee. Upon at least 30 days prior written notice to Lessor, the Lessee
may terminate this lease with respect to any Vehicle at any time upon return
thereof and payment of damages as specified in paragraphs 12 and 13 hereof or
upon such other terms and conditions as may then be mutually agreed to in
writing by Lessor and Lessee.
12. RETURN OF VEHICLE. Upon the expiration or earlier termination by
either party of the term of this lease with respect to any Vehicle:
a. Return. Unless the Lessee purchases the Vehicle, pursuant to paragraph 13a,
the Lessee shall return the same to the Lessor, in as good condition as when
first received, ordinary wear and tear excepted, at (i) the place where the
Lessee first received the Vehicle, (ii) to Lessor's principal place of
business if different from (i) above, or (iii) to such location as may be
designated by Lessor.
b. Repossession. If Lessee neither purchases nor returns the Vehicle, the Lessor
may repossess the same at any time wherever the same may be located, and may
enter upon any premises of Lessee for the purpose, and shall hold the same
when so repossessed free and clear of this lease and any rights of Lessee
therein.
c. Lost Vehicle. If the Vehicle is lost, stolen or destroyed or is declared a
total constructive loss (subject to Lessor's agreement as to such condition),
Lessee shall promptly notify Lessor thereof and hold any wreckage for
disposal by Lessor, and the Vehicle shall be deemed surrendered to Lessor as
of Lessor's receipt of such notice. Lessor shall promptly cause any wreckage
to be sold. Any wreckage not held by Lessee for disposal by Lessor shall be
deemed sold at a price of zero dollars.
d. Sums Due. Upon any purchase, return or repossession, Lessee shall promptly
pay Lessor all Monthly Rentals and other sums payable hereunder with respect
to the Vehicle up to the time of such purchase, return or repossession.
e. Resale. As provided in paragraph 13a, Lessor shall sell the Vehicle and, if
Net Proceeds are less than Depreciated Value, Lessee shall pay the difference
to Lessor; if Net Proceeds exceed Depreciated Value, Lessor shall pay to
Lessee the portion of such excess proceeds as agreed upon.
13. DAMAGES UPON EARLY TERMINATION. Upon the termination of this lease
by either party as to any Vehicle prior to the expiration of its lease term, the
Lessee shall promptly pay Lessor all damages suffered by the Lessor by reason of
such termination (or by reason of any breach of this lease by Lessee). Such
damages shall include damages determined as follows:
a. Purchase or Resale. The Lessee shall promptly purchase and pay for the
Vehicle, if Lessor so requests, at its Depreciated Value (i.e., its Original
Value as specified in Schedule A, less a sum equal to its Monthly
Depreciation specified in Schedule A, multiplied by the number of Monthly
Rentals that have been paid). Lessee shall also take over any insurance on
the Vehicle paid for by Lessor and pay Lessor for the unearned cost thereof
on a daily apportionment basis. If the Lessor doe not request Lessee to
purchase the Vehicle or if the Vehicle is not so purchased, Lessor shall sell
the Vehicle (or wreckage under paragraph 12d) within 30 days after its
surrender or repossession (or such other period a the parties may agree
upon). The sale may be public or private and with or without notice to
Lessee, shall be at wholesale, and shall be only for cash payable in full
upon delivery of the Vehicle and its title papers to the purchaser. If the
Net Proceeds of the sale are less than the Depreciated Value of the Vehicle
such deficiency shall constitute part of Lessor's damages; if such Net
Proceeds exceed Depreciated Value, the excess shall constitute an offset to
Lessor's other damages.
(i) "Net Proceeds" shall mean the amount received on the sale, less all
direct expenses of Lessor in preparing and holding the Vehicle for
sale and selling it and less all sums due Lessor under paragraph 12d
if not otherwise paid, and less all debts incurred by Lessee which,
if not paid, might constitute a lien on the Vehicle or a liability
of Lessor.
b. Lost Income. Lessee shall pay Lessor as liquidated damages for loss of income
a sum equal to the Monthly Rental less the amount of the Monthly Depreciation
for each month of the original term of the lease remaining after the
termination.
c. Expenses. Lessee shall reimburse Lessor all costs and expenses (including
reasonable attorney's fees) incurred by Lessor in enforcing Lessor's rights
hereunder.
d. Remedies Not Exclusive. Repossession and resale of any Vehicle shall not
affect Lessor's rights to recover any damages from Lessee, and Lessor's
rights and remedies in the event of any breach, termination or expiration of
this lease with respect to any Vehicle (including damages herein specified)
shall not be deemed exclusive but shall be cumulative and in addition to all
other rights and remedies in Lessor's favor existing by law.
14. ADDITIONAL VEHICLES; EXTENDED TERM. Additional Vehicles may be
included in this lease by addenda to Schedule A mutually executed by Lessor and
Lessee from time to time.
Either Lessor or Lessee may, at least thirty (30) days, but not more
than ninety (90) days, prior to the expiration of this lease as to any Vehicle,
offer in writing to the other to continue this lease as to such Vehicle
indefinitely on a month-to-month basis. If the other accepts such offer in
writing this lease shall be so continued with respect to such Vehicle.
15. FORCE MAJEURE and NO CONSEQUENTIAL DAMAGES. Lessor shall not be
liable for any failure or delay in delivering any Vehicle, or in performing any
provision hereof, due to fire or other casualty, labor difficulty, governmental
restriction or any cause beyond Lessor's control. In no event shall Lessor be
liable for any loss of profits, other consequential damages or inconvenience due
to any theft, damage, loss, defect or failure of any Vehicle or the time
consumed in recovering, repairing, servicing or replacing the same, and there
shall be no abatement or apportionment of rental during such time.
16. LEASE ONLY. This agreement is one of leasing only and Lessee shall
not have or acquire any right, title or interest in any Vehicle except the right
to use the same as provided in this agreement.
17. PROCEDURE on ACCIDENTS. Lessee shall furnish to Lessor and to the
automobile liability insurer of any Vehicle, within 24 hours, a report of any
accident involving the Vehicle on the form furnished by such insurer. If any
claim is made or action commenced for death, personal injury or property damage,
condition, use or operation of any Vehicle, Lessee shall promptly notify Lessor
thereof and furnish Lessor a copy of every demand, notice, summons, process and
pleading received in connection therewith and cooperate with Lessor and the
insurer in defending the same.
18. ENTIRE AGREEMENT, LAW of AGREEMENT, ASSIGNMENT and SUBORDINATION.
This lease constitutes the entire agreement between the parties and may not be
changed except by an instrument in writing signed by the party to be charged.
This lease may not be assigned, or any Vehicle subleased, by Lessee
without Lessor's prior written consent.
Lessor may assign this lease and any or all rentals or other sums
payable by Lessee hereunder; upon notice of such an assignment. Lessee shall pay
such sums to the assignee without offset, counterclaim or defense of any kind.
Lessor may also execute any type of security instrument with respect to any
Vehicle and Lessee's rights shall be subordinate to the rights of the holder of
such instrument. No assignment, or execution of a security instrument, by Lessor
shall relieve Lessor from any liability hereunder.
The parties intend this agreement to be executed in, and interpreted,
construed and enforced in accordance with the laws of, the state of Lessor's
place of business first above stated.
19. COUNTERPARTS and RECORDING. Lessor and Lessee shall execute this
lease in as many counterparts (each constituting an original but together
constituting only one agreement) as may be reasonably necessary for recording or
filing in any governmental office. Lessee shall pay the fees and Lessor's
out-of-pocket expenses for any such recording or filing required by law and
shall pay any stamp or documentary taxes assessed upon this lease.
IN WITNESS WHEREOF, the parties have duly executed this lease
this __________________ day of ____________________, 1989.
PRIDECO RED MAN PIPE & SUPPLY CO.
---------------------------------- ---------------------------------
Lessor Lessee
By By
-------------------------------- ----------------------------------
Its GENERAL PARTNER Its PRESIDENT
----------------------------- ------------------------------
SCHEDULE "A" ATTACHMENT
PRIDECO LEASE AGREEMENT
LESSOR: PRIDECO
▇▇▇▇ ▇. ▇▇▇▇ ▇▇., ▇▇▇▇▇ ▇▇▇
▇▇▇▇▇, ▇▇ ▇▇▇▇▇ LEASE NO. WB-640
LEASEE: RED MAN PIPE & SUPPLY CO.
▇.▇. ▇▇▇ ▇▇▇▇▇
▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇
VEHICLE & LEASE DATA
--------------------
VEHICLE NO. ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇
YEAR 1997
MODEL FORD CROWN VIC LX
ENGINE 4.6L OHC SEFI V8 ENGINE
TIRES P215/70RX15 BSW
USAGE BUSINESS & PROFESSIONAL
EXTRA EQUIPMENT A/C, AM/FM ELECT STEREO/CLOCK/CASSETTE, POWER DOORS,
CRUISE, ETC.
ORIGINAL VALUE LEASE TERM MONTHS MONTHLY/WEEKLY RENTAL
-------------- ----------------- ---------------------
$20,240,000 36 MONTHS 12 @ $668.00
L.E.V. 12 @ $623.00
------
$2,384,000 12 @ $578.00
RED MAN PIPE & SUPPLY CO.: LEASEE PRICECO: LESSOR
BY: /S/ [SIGNATURE APPEARS HERE] BY: /S/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
------------------------------- ----------------------------
PRESIDENT GENERAL PARTNER
DATED THIS 13TH DAY OF AUGUST, 1997
1
RED MAN PIPE & SUPPLY CO.
LIST OF VEHICLES BY LESSOR/OWNER
DATE: OCTOBER 31, 1997
CURRENT NO. OF YEAR YEAR YEAR
LEASE LEASE MONTHS ENDING ENDING ENDING
LESSOR LEASE# DESCRIPTION V IN # LOCATION AMOUNT CHANGES REMAINING 10/31/98 10/31/99 10/31/00 TOTAL L.E.V.
------ ------ ----------- - ---- -------- ------ ------- --------- -------- -------- -------- ----- ------
PD L-151 '81 FORKLIFT # 2520 ARDMORE 0 M-T-M M-T-M L-151
PD L-196 '81 TOYOTA FKLFT # 2696 TULSA ▇▇▇ ▇ ▇-▇-▇ ▇-▇-▇ ▇-▇▇▇
▇▇ ▇-▇▇▇ '84 TOYOTA FKLFT # 1543 CRANE 0 M-T-M M-T-M L-209
PD L-212 '84 TOYOTA FKLFT # 1676 FORT ▇▇▇▇▇ 0 M-T-M M-T-M L-212
PD L-387 '94 FORD F-150 # 7424 WILBURTON 50 M-T-M M-T-M L-387
PD L-388 '94 FORD F-150 # 7422 LINDSAY 50 M-T-M M-T-M L-388
PD L-390 '94 FORD F-150 # 7423 ▇▇▇▇▇▇▇ 50 M-T-M M-T-M L-390
PD L-394 '94 FORD F-250 # 0681 LAUREL 368 M-T-M M-T-M ▇▇▇ ▇-▇▇▇
▇▇ ▇-▇▇▇ '▇▇ ▇▇▇▇▇ LS-400 # 8359 TULSA 800 AUGUST M-T-M 13,570 L-412
PD L-413 '95 FORD F-150 # 9141 FLOMATON 368 M-T-M M-T-M 1,633 L-413
PD L-444 '95 GMC YUKON # 4864 TULSA 756 JULY 8 6,048 6,048 7,036 L-444
PD L-446 '95 FORD F-250 # 2793 CAMERON 501 AUGUST 9 4,509 4,509 2,036 L-446
PD L-461 '97 FORD F-150 # 6315 ELK CITY 453 MAY 18 5,238 2,520 7,758 1,696 L-461
PD L-462 '97 FORD F-150 # 6317 FORT ▇▇▇▇▇ 453 JULY 20 5,304 3,360 8,664 1,696 L-462
PD L-463 '97 FORD F-150 # 6316 ODESSA 453 AUGUST 21 5,337 3,780 9,117 1,696 L-463
PD L-464 '96 FORD F-250 # 6024 WILBURTON 545 JUNE 19 6,345 3,542 9,887 2,062 L-464
PD L-465 '96 FORD F-250 # 0642 ▇▇▇▇▇▇▇ 550 MAY 18 6,360 3,060 9,420 2,076 L-465
PD L-466 '96 FORD F-350 # 2660 ▇▇▇▇▇▇ 561 MAY 18 6,486 3,120 9,606 2,144 L-466
PD L-467 '96 FORD EXPLORER # 6166 VERNAL 657 JULY 20 7,704 4,896 12,600 6,891 L-467
PD L-469 '97 FORD TAURUS # 9198 ODESSA 491 OCTOBER 23 5,856 5,005 10,861 1,861 L-469
PD L-498 '97 FORD TAURUS # 6083 JOURDANTON 566 FEBRUARY 27 6,441 5,982 1,467 13,890 2,008 L-498
PD L-499 '97 FORD F-150 # 1844 ▇▇▇▇▇▇ 508 FEBRUARY 27 5,781 5,370 1,317 12,468 1,776 L-499
PD L-500 '97 FORD F-150 # 3930 LAREDO 521 FEBRUARY 27 5,937 5,508 1,350 12,795 1,852 L-500
PD L-501 '97 FORD F-150 # 2421 JOURDANTON 508 FEBRUARY 27 5,790 5,373 1,317 12,480 1,806 L-501
PD L-548 '97 GMC 1-TON # 5466 ▇▇▇▇▇▇ 545 NOVEMBER 36 6,540 6,108 5,676 18,324 1,924 L-548
PD L-549 '97 GMC 1-TON # 6048 ▇▇▇▇▇▇ 545 NOVEMBER 36 6,540 6,108 5,676 18,324 1,924 L-549
PD L-552 '97 FORD F-250 # 0344 FREEPORT 588 NOVEMBER 36 7,056 6,588 6,120 19,764 2,102 L-552
PD L-553 '98 FORD F-150 SC # 5120 ▇▇▇▇▇▇ CITY 569 OCTOBER 35 6,790 6,334 5,423 18,547 2,036 L-553
PD L-554 '98 PONTIAC GR.PRIX # 8156 ▇▇▇▇▇▇ 554 OCTOBER 35 6,611 6,168 5,291 18,070 1,981 L-554
PD L-555 '98 FORD F-150 SC # 2980 TULSA 635 NOVEMBER 36 7,620 7,116 6,600 21,336 2,267 L-555
PD LF-234 '90 FORD F-350 # 8124 HOUMA 50 M-T-M M-T-M F-234
PD LM-343 '93 GMC SUBURBAN # 4114 TULSA 510 JUNE M-T-M 7,958 LM-343
2
RED MAN PIPE & SUPPLY CO.
LIST OF VEHICLES BY LESSOR/OWNER
DATE: OCTOBER 31, 1997
CURRENT NO. OF YEAR YEAR YEAR
LEASE LEASE MONTHS ENDING ENDING ENDING
LESSOR LEASE# DESCRIPTION V IN # LOCATION AMOUNT CHANGES REMAINING 10/31/98 10/31/99 10/31/00 TOTAL L.E.V.
------ ------ ----------- - ---- -------- ------ ------- --------- -------- -------- -------- ----- ------
PD LM-344 '93 LEXUS COUPE # 6852 TULSA 829 JANUARY M-T-M 4,099 LM-344
PD LW-242 '90 FORD F-150 # 1364 TULSA 50 M-T-M M-T-M LW-242
PD LW-257 '90 FORD F-150 # 5496 HOUMA 50 M-T-M M-T-M LW-257
PD LW-278 '92 FD CR VIC LX # 6309 GULF COAST 50 M-T-M M-T-M LW-278
PD LW-282 '91 FORD F-350 # 8736 CARTHAGE 50 M-T-M M-T-M LW-282
PD LW-288 '92 FD CR VIC LX # 5704 TULSA RMM 50 M-T-M M-T-M LW-288
PD LW-310 '92 ▇▇▇▇ ▇▇ VIC # 7575 OKC/SALES 50 M-T-M M-T-M LW-310
PD LW-314 '92 FORD F-250HD # 6067 ARTESIA 50 M-T-M M-T-M LW-314
PD LW-315 '92 FORD F-250 # 8585 MOBILE 50 M-T-M M-T-M LW-315
PD LW-320 '93 FORD F-250HD # 8791 WILBURTON 50 M-T-M M-T-M LW-320
PD LW-321 '93 FD F250HD 4X4 # 2037 ▇▇▇▇▇▇▇▇▇ ▇▇ M-T-M M-T-M LW-321
PD LW-327 '93 FORD F-250 # 5701 HOUMA 50 M-T-M M-T-M LW-327
PD LW-328 '93 FD CR VIC LX # 6949 TULSA 50 M-T-M M-T-M LW-328
PD LW-330 '93 FORD F-150 # 0767 TULSA ▇▇▇ ▇▇ ▇-▇-▇ ▇-▇-▇ ▇▇-▇▇▇
▇▇ ▇▇-▇▇▇ '93 FORD F-150 # 8789 ▇▇▇▇▇▇ 50 M-T-M M-T-M LW-332
PD LW-333 '93 FORD F-150 # 6225 ▇▇▇▇▇▇ 50 M-T-M M-T-M LW-333
PD LW-336 '93 FORD TAURUS # 3109 TULSA 50 M-T-M M-T-M LW-336
PD LW-337 '93 FORD F-150 # 3366 FARMINGTON 50 M-T-M M-T-M LW-337
PD LW-339 '93 FORD F-150 # 0687 CRANE 50 M-T-M M-T-M LW-339
PD LW-342 '93 FORD F-150 # 0163 LAREDO 50 M-T-M M-T-M LW-342
PD LW-345 '93 FORD TAURUS # 9190 DENVER 50 M-T-M M-T-M LW-345
PD LW-348 '93 FORD F-150 # 7294 ▇▇▇▇▇▇ 50 M-T-M M-T-M LW-348
PD LW-352 '93 FORD TAURUS # 3341 MIDLAND 50 M-T-M M-T-M LW-352
PD LW-355 '94 FD F250 4X4 # 0107 VERNAL 50 M-T-M M-T-M LW-355
PD LW-356 '94 FORD F-250 # 2742 FT. ▇▇▇▇▇ 50 M-T-M M-T-M LW-356
PD LW-357 '94 FORD F-150 # 1774 ▇▇▇▇▇▇▇ 50 M-T-M M-T-M LW-357
PD LW-358 '94 FORD F-150 # 1773 CARTHAGE 50 M-T-M M-T-M LW-358
PD LW-364 '94 FORD F-150 # 1772 HOUMA 50 M-T-M M-T-M LW-364
PD LW-367 '94 FORD F-350 # 5342 CRANE 50 M-T-M M-T-M LW-367
PD LW-368 '94 FORD F-150 # 2743 WHITE OAK 50 M-T-M M-T-M LW-368
PD LW-369 '94 FORD F-150 # 2747 FLOMATON 50 M-T-M M-T-M LW-369
PD LW-370 '94 FD CR VIC LX # 5970 HOUSTON 50 M-T-M M-T-M LW-370
3
RED MAN PIPE & SUPPLY CO.
LIST OF VEHICLES BY LESSOR/OWNER
DATE: OCTOBER 31, 1997
CURRENT NO. OF YEAR YEAR YEAR
LEASE LEASE MONTHS ENDING ENDING ENDING
LESSOR LEASE# DESCRIPTION V IN # LOCATION AMOUNT CHANGES REMAINING 10/31/98 10/31/99 10/31/00 TOTAL L.E.V.
------ ------ ----------- - ---- -------- ------ ------- --------- -------- -------- -------- ----- ------
PD LW-371 '94 FORD F-150 # 3252 ▇▇▇▇▇▇ 50 M-T-M M-T-M LW-371
PD LW-372 '94 FORD F-150 # 3250 FLOMATON 50 M-T-M M-T-M LW-372
PD LW-373 '94 FORD F-150 # 2748 LINDSAY 50 M-T-M M-T-M LW-373
PD LW-375 '94 FORD F-150 # 3253 ▇▇▇▇▇▇ 50 M-T-M M-T-M LW-375
PD LW-377 '94 FORD F-250 # 3460 ▇▇▇▇▇▇▇▇ 50 M-T-M M-T-M LW-377
PD LW-378 '94 FORD F-250HD # 3461 ELK CITY 50 M-T-M M-T-M LW-378
PD LW-381 '94 FORD F-150 # 2746 LINDSAY 50 M-T-M M-T-M LW-381
PD LW-382 '94 FORD F-150 # 3401 TULSA WEST 50 M-T-M M-T-M LW-382
PD LW-384 '94 FORD F-150 # 3398 CONROE 50 M-T-M M-T-M LW-384
PD LW-385 '94 FORD F-150 # 3399 ODESSA 50 M-T-M M-T-M LW-385
PD LW-386 '94 FORD F-150 # 3397 ▇▇▇▇▇▇▇▇ 50 M-T-M M-T-M LW-386
PD LW-389 '94 FORD F-150 # 7421 LAUREL 50 M-T-M M-T-M LW-389
PD LW-391 '94 FORD F-150 # 0956 PERRYTON 357 AUGUST M-T-M ▇▇▇ ▇▇-▇▇▇
▇▇ ▇▇-▇▇▇ '▇▇ ▇▇▇▇ F-150 # 0957 ▇▇▇▇▇▇ 357 AUGUST M-T-M ▇▇▇ ▇▇-▇▇▇
▇▇ ▇▇-▇▇▇ '▇▇ ▇▇▇▇ F-250 # 0682 SUNDOWN 368 JULY M-T-M ▇▇▇ ▇▇-▇▇▇
▇▇ ▇▇-▇▇▇ '▇▇ ▇▇▇▇ F-250 # 0961 LOVINGTON 426 AUGUST M-T-M ▇▇▇ ▇▇-▇▇▇
▇▇ ▇▇-▇▇▇ '▇▇ ▇▇▇▇ F-250 # 0963 WILBURTON 426 AUGUST M-T-M ▇▇▇ ▇▇-▇▇▇
▇▇ ▇▇-▇▇▇ '▇▇ ▇▇▇▇ F-250 # 0962 ARDMORE 426 AUGUST M-T-M ▇▇▇ ▇▇-▇▇▇
▇▇ ▇▇-▇▇▇ '▇▇ ▇▇▇▇ F-350 # 3202 CAMERON 366 JULY M-T-M ▇▇▇ ▇▇-▇▇▇
▇▇ ▇▇-▇▇▇ '▇▇ ▇▇▇▇ TAURUS # 1656 ELKHART 369 AUGUST M-T-M ▇▇▇ ▇▇-▇▇▇
▇▇ ▇▇-▇▇▇ '▇▇ ▇▇▇▇ F-150 # 0510 CRANE 363 SEPTEMBER M-T-M ▇▇▇ ▇▇-▇▇▇
▇▇ ▇▇-▇▇▇ '▇▇ ▇▇▇▇ F-150 # 0959 ▇▇▇▇▇▇▇▇▇ 357 SEPTEMBER M-T-M ▇▇▇ ▇▇-▇▇▇
▇▇ ▇▇-▇▇▇ '▇▇ ▇▇▇▇ F-150 # 0960 ▇▇▇▇▇▇▇ 357 AUGUST M-T-M ▇▇▇ ▇▇-▇▇▇
▇▇ ▇▇-▇▇▇ '▇▇ ▇▇▇▇ F-150 # 9465 ▇▇▇▇▇▇▇ 302 JULY M-T-M ▇▇▇ ▇▇-▇▇▇
▇▇ ▇▇-▇▇▇ '▇▇ ▇▇▇▇ F-150 # 9421 CRANE 284 JULY M-T-M ▇▇▇ ▇▇-▇▇▇
▇▇ ▇▇-▇▇▇ '▇▇ ▇▇▇▇ F-350 # 1199 RMM 433 OCTOBER M-T-M 1,508 LW-408
PD LW-409 '95 ▇▇▇▇ ▇▇ VIC # 4968 TULSA 544 OCTOBER M-T-M 1,950 LW-409
PD LW-410 '95 ▇▇▇▇ ▇▇ VIC # 4969 TULSA/HOUSTON 544 OCTOBER M-T-M 1,950 LW-410
PD LW-411 '95 FORD TAURUS # 5928 HOUSTON 433 OCTOBER M-T-M 1,512 LW-411
PD WB-403 '94 FORD F-150 # 0955 ARTESIA 392 DECEMBER 1 392 392 1,603 WB-403
PD WB-414 '95 FORD TAURUS # 1927 HOUSTON/GP 472 DECEMBER 1 472 472 1,918 WB-414
PD WB-416 '95 FORD F-250 # 6246 WHITE OAK 439 FEBRUARY 3 1,317 1,317 1,778 WB-416
4
RED MAN PIPE & SUPPLY CO.
LIST OF VEHICLES BY LESSOR/OWNER
DATE: OCTOBER 31, 1997
CURRENT NO. OF YEAR YEAR YEAR
LEASE LEASE MONTHS ENDING ENDING ENDING
LESSOR LEASE# DESCRIPTION V IN # LOCATION AMOUNT CHANGES REMAINING 10/31/98 10/31/99 10/31/00 TOTAL L.E.V.
------ ------ ----------- - ---- -------- ------ ------- --------- -------- -------- -------- ----- ------
PD WB-417 '95 FORD F-250 # 6218 HOUMA 465 FEBRUARY 3 1,395 1,395 1,910 WB-417
PD WB-419 '95 FORD F-150 # 9150 MOBILE 396 FEBRUARY 3 1,188 1,188 1,619 WB-419
PD WB-420 '95 FORD F-150 # 9151 ODESSA 396 FEBRUARY 3 1,188 1,188 1,619 WB-420
PD WB-421 '95 FORD F-350 # 6247 ▇▇▇▇▇▇▇▇ 473 FEBRUARY 2 946 946 1,918 WB-421
PD WB-422 '95 FORD F-150 # 7316 ▇▇▇▇▇▇ 396 FEBRUARY 2 792 792 1,918 WB-422
PD WB-423 '95 FORD F-250 # 4432 CARTHAGE 465 MARCH 3 1,395 1,395 1,897 WB-423
PD WB-424 '95 FORD F-250 # 4431 FARMINGTON 465 MARCH 3 1,395 1,395 1,897 WB-424
PD WB-425 '95 FORD F-250 # 9149 ▇▇▇▇▇▇▇ 464 MARCH 3 1,392 1,392 1,890 WB-425
PD WB-426 '95 FORD F-150 # 3131 ARTESIA 401 MARCH 3 1,203 1,203 1,590 WB-426
PD WB-427 '95 FORD F-150 # 3132 ▇▇▇▇▇▇▇ CITY 398 FEBRUARY 3 1,194 1,194 1,590 WB-427
PD WB-428 '95 FORD F-150 # 3716 ▇▇▇▇▇▇▇ CITY 398 FEBRUARY 3 1,194 1,194 1,590 WB-428
PD WB-429 '95 FORD TAURUS # 2139 MIDLAND/SALES 411 MARCH 3 1,233 1,233 1,658 WB-429
PD WB-430 '95 FORD F-150 # 9148 ▇▇▇▇▇▇▇▇ 396 FEBRUARY 3 1,188 1,188 1,619 WB-430
PD WB-431 '95 FORD F-150 # 4264 ▇▇▇▇▇▇▇ 388 MARCH 4 1,552 1,552 1,557 WB-431
PD WB-432 '95 FORD F-150 # 4265 ▇▇▇▇▇▇ CITY 388 MARCH 4 1,552 1,552 1,557 WB-432
PD WB-433 '95 FORD F-150 # 4263 ▇▇▇▇▇▇ 388 APRIL 4 1,552 1,552 1,557 WB-433
PD WB-435 '95 FORD F-150 # 0546 FARMINGTON 430 MAY 5 2,150 2,150 1,748 WB-435
PD WB-436 '95 FORD F-250HD # 9174 ▇▇▇▇▇▇▇ CITY 478 MAY 5 2,390 2,390 1,950 WB-436
PD WB-437 '95 FORD F-250 # 9175 ▇▇▇▇▇▇ 470 MAY 5 2,350 2,350 1,922 WB-437
PD WB-438 '95 FORD F-150 # 0548 PERRYTON 390 APRIL 5 1,950 1,950 1,570 WB-438
PD WB-439 '95 FORD F-150 # 0549 SUNDOWN 390 JUNE 6 2,340 2,340 1,570 WB-439
PD WB-440 '95 FORD F-150 # 0547 ODESSA 389 OCTOBER 10 3,890 3,890 1,570 WB-440
PD WB-442 '95 FORD F-150 # 1071 ELKHART 439 AUGUST 9 3,951 3,951 1,770 WB-442
PD WB-443 '95 FORD F-250 # 5740 CRANE 471 AUGUST 9 4,239 4,239 1,900 WB-443
PD WB-447 '96 FORD F-150 # 4942 ARDMORE 402 NOVEMBER 12 4,824 4,824 1,607 WB-447
PD WB-448 '96 FORD TAURUS # 1242 TULSA 452 NOVEMBER 12 5,424 5,424 1,835 WB-448
PD WB-449 '96 FORD F-150 # 1420 ▇▇▇▇▇▇ 440 DECEMBER 13 4,906 40 5,312 1,650 WB-449
PD WB-450 '96 FORD F-150 # 1417 ARTESIA 433 DECEMBER 13 4,844 40 5,245 1,607 WB-450
PD WB-451 '96 FORD F-150 # 1418 WHITE OAK 433 DECEMBER 13 4,844 40 5,245 1,607 WB-451
PD WB-452 '96 FORD F-150 # 1419 ARDMORE 431 MARCH 16 4,916 1,59 6,512 1,607 WB-452
PD WB-453 '96 FORD F-250 # 5174 ROOSEVELT 592 MARCH 16 6,760 2,19 8,956 2,263 WB-453
PD WB-454 '96 FORD F-350 # 2106 CAMERON 540 FEBRUARY 15 6,111 1,49 7,608 2,042 WB-454
5
RED MAN PIPE & SUPPLY CO.
LIST OF VEHICLES BY LESSOR/OWNER
DATE: OCTOBER 31, 1997
CURRENT NO. OF YEAR YEAR YEAR
LEASE LEASE MONTHS ENDING ENDING ENDING
LESSOR LEASE# DESCRIPTION V IN # LOCATION AMOUNT CHANGES REMAINING 10/31/98 10/31/99 10/31/00 TOTAL L.E.V.
------ ------ ----------- - ---- -------- ------ ------- --------- -------- -------- -------- ----- ------
PD WB-455 '97 FORD F-150SC # 2804 RMM 681 MARCH 16 7,772 2,524 10,296 2,614 WB-455
PD WB-456 '97 FORD F-150 # 0861 WHITE OAK 488 APRIL 17 5,394 2,110 7,504 1,720 WB-456
PD WB-457 '97 FORD F-150 # 0862 ▇▇▇▇▇▇▇▇ 488 APRIL 17 5,394 2,110 7,504 1,720 WB-457
PD WB-458 '97 FORD F-150 # 0863 ▇▇▇▇▇▇ CITY 488 APRIL 17 5,394 2,110 7,504 1,720 WB-458
PD WB-459 '97 FORD F-150 # 0864 SUNDOWN 488 APRIL 17 5,394 2,110 7,504 1,720 WB-459
PD WB-460 '97 FORD F-150 # 0865 CRANE 488 APRIL 17 5,394 2,110 7,504 1,720 WB-460
PD WB-468 '96 FORD F-350 # 2008 ODESSA 568 JULY 20 6,648 4,208 10,856 2,172 WB-468
PD WB-470 '97 FORD F-150 # 9957 CARTHAGE 450 NOVEMBER 24 5,400 5,016 10,416 1,697 WB-470
PD WB-471 '97 FORD F-150 # 9954 LOVINGTON 450 NOVEMBER 24 5,400 5,016 10,416 1,697 WB-471
PD WB-472 '97 FORD F-150 # 9955 ODESSA 450 NOVEMBER 24 5,400 5,016 10,416 1,697 WB-472
PD WB-473 '97 FORD F-150 # 9962 ▇▇▇▇▇▇▇ CITY 444 NOVEMBER 24 5,328 4,944 10,272 1,672 WB-473
PD WB-474 '97 FORD TAURUS # 1307 DALLAS/SALES 494 OCTOBER 23 5,892 5,038 10,930 1,884 WB-474
PD WB-475 '97 FORD F-250 # 6643 ELKHART 553 NOVEMBER 24 6,636 6,144 12,780 2,086 WB-475
PD WB-476 '97 FORD F-250 # 8189 ROOSEVELT 656 DECEMBER 25 7,377 6,848 567 14,792 2,327 WB-476
PD WB-477 '97 FORD F-250 # 6644 ▇▇▇▇▇▇▇ CITY 553 NOVEMBER 24 6,636 6,144 12,780 2,086 WB-477
PD WB-478 '97 FORD F-150 # 9956 CARTHAGE 450 NOVEMBER 24 5,400 5,016 10,416 1,697 WB-478
PD WB-479 '97 FORD F-150 # 9958 ARTESIA 450 NOVEMBER 24 5,400 5,016 10,416 1,697 WB-479
PD WB-480 '97 FORD F-150 # 9961 ▇▇▇▇▇▇▇ 444 NOVEMBER 24 5,328 4,944 10,272 1,672 WB-480
PD WB-481 '97 FORD F-150 # 9959 ▇▇▇▇▇▇▇▇ 444 NOVEMBER 24 5,328 4,944 10,272 1,672 WB-481
PD WB-482 '97 FORD F-150 # 9960 LOVINGTON 476 FEBRUARY 27 5,424 5,040 1,236 11,700 1,672 WB-482
PD WB-483 '97 FORD TAURUS # 6165 SALT LAKE CITY 502 OCTOBER 23 5,987 5,115 11,102 1,914 WB-483
PD WB-484 '96 FORD F-478 # 0866 SALT LAKE CITY 659 NOVEMBER 24 7,908 7,332 15,240 2,503 WB-484
PD WB-485 '96 FORD F-478 # 5560 BEAUMONT 751 NOVEMBER 24 9,012 8,340 17,352 2,872 WB-485
PD WB-486 '97 FORD F-250 # 6949 BEAUMONT 569 NOVEMBER 24 6,828 6,324 13,152 2,145 WB-486
PD WB-487 '97 FORD F-250 # 5092 LINDSAY 567 JANUARY 26 6,414 5,956 980 13,350 2,005 WB-487
PD WB-488 '97 FORD F-150 # 4033 ▇▇▇▇▇▇ 477 FEBRUARY 27 5,436 5,052 1,239 11,727 1,676 WB-488
PD WB-489 '97 FORD F-150 # 4034 LINDSAY 477 FEBRUARY 27 5,436 5,052 1,239 11,727 1,676 WB-489
PD WB-490 '97 FORD F-150 # 4035 ▇▇▇▇▇▇ 477 FEBRUARY 27 5,436 5,052 1,239 11,727 1,676 WB-490
PD WB-491 '97 FORD F-150 # 4036 ▇▇▇▇▇▇ 477 FEBRUARY 27 5,436 5,052 1,239 11,727 1,676 WB-491
PD WB-492 '97 FORD F-150 # 4037 ▇▇▇▇▇▇▇ CITY 477 FEBRUARY 27 5,436 5,052 1,239 11,727 1,676 WB-492
PD WB-493 '97 FORD F-150 # 4389 ▇▇▇▇▇▇▇▇ 499 FEBRUARY 27 5,682 5,274 1,293 12,249 1,759 WB-493
PD WB-494 '97 FORD F-150 # 4388 ELK CITY 508 MARCH 28 5,816 5,404 1,756 12,976 1,802 WB-494
6
RED MAN PIPE & SUPPLY CO.
LIST OF VEHICLES BY LESSOR/OWNER
DATE: OCTOBER 31, 1997
CURRENT NO. OF YEAR YEAR YEAR
LEASE LEASE MONTHS ENDING ENDING ENDING
LESSOR LEASE# DESCRIPTION V IN # LOCATION AMOUNT CHANGES REMAINING 10/31/98 10/31/99 10/31/00 TOTAL L.E.V.
------ ------ ----------- - ---- -------- ------ ------- --------- -------- -------- -------- ----- ------
PD WB-495 '97 FORD F-250 # 3148 ODESSA 574 MARCH 28 6,592 6,140 1,996 14,728 2,061 WB-495
PD WB-496 '97 FORD TAURUS # 5643 HOUSTON/SALES 523 FEBRUARY 27 5,961 5,541 1,359 12,861 1,842 WB-496
PD WB-497 '97 ▇▇▇▇ ▇▇.VIC # 9295 TULSA/LA 639 JANUARY 26 7,238 6,712 1,104 15,054 2,259 WB-497
PD WB-502 '97 FORD F-250 # 4604 ▇▇▇▇▇▇▇▇ 626 FEBRUARY 27 7,125 6,618 1,623 15,366 2,219 WB-502
PD WB-503 '97 FORD F-250 # 7672 LAREDO 605 FEBRUARY 27 6,891 6,399 1,569 14,859 2,135 WB-503
PD WB-504 '97 FORD F-250 # 7555 JOURDANTON 606 FEBRUARY 27 6,903 6,411 1,572 14,886 2,134 WB-504
PD WB-505 '97 FORD F-250 # 6961 JOURDANTON 622 FEBRUARY 27 7,086 6,573 1,611 15,270 2,220 WB-505
PD WB-506 '96 FORD F-477 # 8218 JOURDANTON 824 FEBRUARY 27 9,384 8,703 2,133 20,220 2,935 WB-506
PD WB-507 '97 FORD F-150 # 9385 LAUREL 476 JUNE 31 5,557 5,180 2,891 13,628 1,694 WB-507
PD WB-508 '97 FORD F-150 # 9386 PERRYTON 476 JUNE 31 5,557 5,180 2,891 13,628 1,694 WB-508
PD WB-509 '97 FORD F-150 V8 # 3816 FORT ▇▇▇▇▇ 492 JUNE 31 5,739 5,348 2,989 14,076 1,742 WB-509
PD WB-510 '97 FORD F-150 V8 # 3815 ▇▇▇▇▇▇▇▇ 492 JUNE 31 5,739 5,348 2,989 14,076 1,742 WB-510
PD WB-511 '97 FORD TAURUS # 3746 GULF COAST/HOUMA 534 MARCH 28 6,128 5,716 1,860 13,704 1,919 WB-511
PD WB-512 '97 FORD F-250 4X4 # 4371 VERNAL 661 JUNE 31 7,712 7,184 4,011 18,907 2,379 WB-512
PD WB-513 '97 FORD ▇▇▇/▇▇▇▇ # ▇▇▇▇ ▇▇▇▇▇▇▇ 584 JUNE 31 6,813 6,345 3,542 16,700 2,076 WB-513
PD WB-514 '97 FORD CAB/▇▇▇▇ # 4372 FARMINGTON 584 JUNE 31 6,813 6,345 3,542 16,700 2,076 WB-514
PD WB-515 '97 ▇▇▇▇ ▇▇ VIC # 9969 DALLAS/SALES 647 MAY 30 7,506 6,990 3,366 17,862 2,313 WB-515
PD WB-516 '97 FORD TAURUS # 1919 ▇▇▇▇▇▇ 541 MAY 30 6,276 5,844 2,814 14,934 1,924 WB-516
PD WB-517 '97 PONT GR.PRIX # 0818 HOUSTON/TULSA 545 MAY 30 6,324 5,892 2,838 15,054 1,920 WB-517
PD WB-518 '97 GMC ▇▇▇/▇▇▇▇ # ▇▇▇▇ ▇▇▇▇▇▇ 562 SEPTEMBER 34 6,670 6,224 4,870 17,764 1,694 WB-518
PD WB-519 '97 FORD F150 # 3076 LOVINGTON 476 SEPTEMBER 34 5,650 5,276 4,130 15,056 1,694 WB-519
PD WB-520 '97 FORD F150 # 3081 ▇▇▇▇▇▇▇ 476 SEPTEMBER 34 5,650 5,276 4,130 15,056 1,694 WB-520
PD WB-521 '97 FORD F150 # 3083 ELKHART 476 SEPTEMBER 34 5,650 5,276 4,130 15,056 1,694 WB-521
PD WB-522 '97 FORD F150 # 3079 FORT ▇▇▇▇▇ 476 SEPTEMBER 34 5,650 5,276 4,130 15,056 1,694 WB-522
PD WB-523 '97 FORD F150 # 3082 LOVINGTON 476 SEPTEMBER 34 5,650 5,276 4,130 15,056 1,694 WB-523
PD WB-524 '97 FORD F-350 DIESEL# 1244 ODESSA 688 OCTOBER 35 8,210 7,658 6,556 22,424 2,479 WB-524
PD WB-525 '97 FORD F150 # 3085 ODESSA 476 SEPTEMBER 34 5,650 5,276 4,130 15,056 1,694 WB-525
PD WB-526 '97 FORD F150 # 3080 WHITE OAK 476 SEPTEMBER 34 5,650 5,276 4,130 15,056 1,694 WB-526
PD WB-527 '97 FORD F150 # 3086 ▇▇▇▇▇▇▇▇ 476 SEPTEMBER 34 5,650 5,276 4,130 15,056 1,694 WB-527
PD WB-528 '97 FORD ▇▇▇/▇▇▇▇ # ▇▇▇▇ PERRYTON 578 SEPTEMBER 34 6,858 6,392 5,010 18,260 2,042 WB-528
PD WB-529 '97 FORD F150 # 3076 LOVINGTON 476 SEPTEMBER 34 5,650 5,276 4,130 15,056 1,694 WB-529
PD WB-530 '97 FORD F150 # 3077 ELKHART 476 SEPTEMBER 34 5,650 5,276 4,130 15,056 1,694 WB-530
7
RED MAN PIPE & SUPPLY CO.
LIST OF VEHICLES BY LESSOR/OWNER
DATE: OCTOBER 31, 1997
CURRENT NO. OF YEAR YEAR YEAR
LEASE LEASE MONTHS ENDING ENDING ENDING
LESSOR LEASE# DESCRIPTION V IN # LOCATION AMOUNT CHANGES REMAINING 10/31/98 10/31/99 10/31/00 TOTAL L.E.V.
------ ------ ----------- - ---- -------- ------ ------- --------- -------- -------- -------- ----- ------
PD WB-531 '97 FORD F150 # 3084 LAUREL 476 SEPTEMBER 34 5,650 5,276 4,130 15,056 1,694 WB-531
PD WB-532 '97 FORD ▇▇▇/▇▇▇▇ # ▇▇▇▇ CONROE 578 SEPTEMBER 34 6,858 6,392 5,010 18,260 2,042 WB-532
PD WB-533 '97 FORD ▇▇▇/▇▇▇▇ # ▇▇▇▇ HOUSTON/GP 602 SEPTEMBER 34 7,144 6,664 5,220 19,028 2,134 WB-533
PD WB-534 '97 FORD F150 SC # 2448 TULSA/HOLLAND 575 SEPTEMBER 34 6,824 6,368 4,990 18,182 2,059 WB-534
PD WB-535 '97 FORD F-250 # 2225 ▇▇▇▇▇▇▇▇ 578 SEPTEMBER 34 6,858 6,392 5,010 18,260 2,047 WB-535
PD WB-536 '97 FORD F-350 # 2226 ▇▇▇▇▇▇▇▇ 576 OCTOBER 35 6,874 6,418 5,500 18,792 2,059 WB-536
PD WB-537 '98 FORD F-150 # 4702 LINDSAY 486 OCTOBER 35 5,800 5,416 4,642 15,858 1,700 WB-537
PD WB-538 '97 FORD F-250 # 4871 LINDSAY 576 OCTOBER 35 6,874 6,418 5,500 18,792 2,042 WB-538
PD WB-539 '98 PONTIAC GR.PRIX # 0776 HOUSTON/GP 554 OCTOBER 35 6,611 6,168 5,291 18,070 1,979 WB-539
PD WB-540 '97 FORD CROWN VIC # 9640 TULSA/GALENA PK 668 SEPTEMBER 34 7,926 7,388 5,790 21,104 2,384 WB-540
PD WB-541 '97 FORD F-350 # 5764 FREEPORT 580 OCTOBER 35 6,922 6,465 5,533 18,920 2,078 WB-541
PD WB-542 '98 PONTIAC GR.PRIX # 1503 ▇▇▇▇▇▇ 554 SEPTEMBER 34 6,574 6,132 4,810 17,516 1,978 WB-542
PD WB-543 '97 FORD F-250 # 5766 CAMERON 583 OCTOBER 35 6,957 6,489 5,555 19,001 2,042 WB-543
PD WB-544 '97 FORD F-350 # 5765 ▇▇▇▇▇▇ CITY 579 OCTOBER 35 6,909 6,442 5,522 18,873 2,042 WB-544
PD WB-545 '97 FORD F-250 # 5767 HOUMA 583 OCTOBER 35 6,957 6,489 5,555 19,001 2,042 WB-545
PD WB-546 '98 FORD F-150 # 1058 ▇▇▇▇▇▇ 486 OCTOBER 35 5,800 5,416 4,642 15,858 2,042 WB-546
PD WB-547 '98 FORD F-150 # 0247 SUNDOWN 484 OCTOBER 35 5,776 5,392 4,620 15,788 2,042 WB-547
PD WB-550 '97 FORD F-250 # 6747 LAREDO 632 SEPTEMBER 34 7,500 6,996 5,480 19,976 2,244 WB-550
PD WB-551 '97 FORD F150 # 9369 ▇▇▇▇▇▇▇▇ 521 SEPTEMBER 34 6,184 5,774 4,520 16,478 1,839 ▇▇-▇▇▇
▇▇ ▇▇▇-▇▇▇▇ '89 CHEV C30 # 7453 LOVINGTON 5 M-T-M TTR-2799
WH KY-716 '84 CHEV C30 # 6417 CONROE 3 M-T-M KY-716
TL TL-1354 '93 BUICK REGAL # 6557 BEAUMONT 0 M-T-M TL-1354
TL TL-1404 '93 FORD TAURUS # 1893 TULSA 0 M-T-M TL-1404
TL TL-1407 '93 BUICK REGAL # 0749 ▇▇▇▇▇▇ 0 M-T-M TL-1407
TL TL-1806 '93 BUICK REGAL # 3390 HOUSTON/GP 518 M-T-M TL-1806
TL TL-1889 '94 DGE INTREPID # 4558 ▇▇▇▇▇▇ 549 M-T-M TL-1889
TL TL-1903 '94 DGE INTREPID # 6030 ▇▇▇▇▇▇ 552 M-T-M TL-1903
TL TL-1948 '94 BUICK LEDABRE # 5342 SLC 649 M-T-M TL-1948
TL TL-1950 '94 FRD CR VIC LX # 2328 TULSA WEST 585 M-T-M TL-1950
TL TL-2188 '95 DGE INTREPID # 9789 TULSA WEST 538 8 4,308 4,308 3,078 TL-2188
TL TL-2197 '95 CHEV EXT CAB # 9659 FARMINGTON 570 11 6,273 6,273 5,039 TL-2197
8
RED MAN PIPE & SUPPLY CO.
LIST OF VEHICLES BY LESSOR/OWNER
DATE: OCTOBER 31, 1997
CURRENT NO. OF YEAR YEAR YEAR
LEASE LEASE MONTHS ENDING ENDING ENDING
LESSOR LEASE# DESCRIPTION V IN # LOCATION AMOUNT CHANGES REMAINING 10/31/98 10/31/99 10/31/00 TOTAL L.E.V.
------ ------ ----------- - ---- -------- ------ ------- --------- -------- -------- -------- ----- ------
TL TL-2205 '95 CHEV EXT CAB # 6010 FREEPORT 512 10 5,115 5,115 3,847 TL-2205
TL TL-2207 '95 DGE INTREPID # 4351 HOUSTON/GP 492 9 4,430 4,430 3,261 TL-2207
TL TL-2255 '95 DGE INTREPID # 6591 SLC 504 10 5,044 5,044 3,996 TL-2255
-------- -------- -------- --------- --------
$761,638 $561,846 $254,020 $1,577,504 $332,287
======== ======== ======== ========= ========
GE GE-9402 '94 FORD TAURUS # 9325 HOUSTON/GP
GE GE-9406 '94 FORD TAURUS # 7405 HOUSTON/GP
GE GE-9407 '94 ▇▇▇▇ ▇▇ VIC # 2287 BEAUMONT