Fifth Amendment to Crude Oil Purchase Contract between Coho Oil & Gas, Inc. and TEPPCO Crude Oil, L.P.

Summary

Coho Oil & Gas, Inc. and TEPPCO Crude Oil, L.P. have amended their existing crude oil purchase contract. Effective October 1, 2001, the amendment updates the pricing formula to use the monthly average of the NYMEX crude oil settlement price, adjusted as specified in attached exhibits. The contract term is set from October 1, 2001, to September 30, 2002, and will continue month-to-month unless either party gives 30 days' written notice to cancel. All other terms of the original agreement remain unchanged.

EX-10.18 5 d95567ex10-18.txt 5TH AMENDMENT TO CRUDE OIL PURCHASE CONTRACT EXHIBIT 10.18 [TEPPCO LETTERHEAD] FIFTH AMENDMENT TO CRUDE OIL PURCHASE CONTRACT THIS FIFTH AMENDMENT TO CRUDE OIL PURCHASE CONTRACT the ("Amendment") is entered into on November 5, 2001 by and between Coho Oil & Gas, Inc. ("Coho") and TEPPCO Crude Oil, L.P. ("TCO"). RECITALS A. Coho and TCO are the parties to that certain Crude Oil Purchase Contract COH-P00102117-M dated September 20, 2000, which has been previously amended (as amended, the "Original Agreement"). B. Coho and TCO desire to amend the Original Agreement to reflect that effective October 1, 2001, the provisions entitled "Price" and Term" on the front page of the Original Agreement have changed. FOR GOOD AND VALUABLE CONSIDERATION, the parties hereto agree as follows: 1. The provision entitled "Price" on the front page of the Original Agreement is hereby amended as follows: The simple monthly average of the daily settlement price of the NYMEX crude oil contract, during the month of delivery (Nymex trading days only) deemed 40 degrees and deemed delivered in equal daily quantities minus the amounts shown on Exhibit A, Amendment 5 and Exhibit B, Amendment 5. 2. The provision entitled "Term" on the front page of the Original Agreement is hereby amended as follows: Commencing October 1, 2001 through September 30, 2002, thereafter month to month until either party provides a thirty (30) days advance written notice of cancellation. 3. Except as modified and amended herein, the terms and provisions of the Original Agreement shall remain in full force and effect and are ratified hereby. THE PARTIES HERETO have executed this Amendment as of the day and year first above written, but to be effective October 1, 2001. COHO OIL & GAS, INC. By: /s/ GARY L. PITTMAN --------------------------- Name: Gary L. Pittman -------------------------- Title: CFO ------------------------- TEPPCO CRUDE OIL, L.P. By TEPPCO Crude GP, LLC, Its general partner By: /s/ D. GREGORY SCOTT ------------------------------ D. Gregory Scott Vice President Crude Supply