Amendment to Oil Purchase Agreement Between Plains Marketing, L.P. and Presco Western, LLC (Contract No. 4765-1001)

Contract Categories: Business Finance › Modification Agreements
Summary

Plains Marketing, L.P. and Presco Western, LLC have agreed to amend their existing oil purchase contract by adding a new well, Nanning A Trust 34-E, effective September 1, 2006. The amendment includes updated pricing details for various wells as outlined in the attached Exhibit A. All other terms of the original contract remain unchanged. The agreement becomes binding unless Presco Western, LLC objects within five business days, and faxed copies are considered legally valid.

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EX-10.10 8 a2175156zex-10_10.htm EXHIBIT 10.10
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Exhibit 10.10

[PLAINS MARKETING, L.P. LETTERHEAD]

October 04, 2006

Presco Western, LLC
5480 Valmont
Suite 350
Boulder, CO 80304
Fax: (303)  ###-###-####

RE:
PMLP Amendment September 01, 2006-2
PMLP Contract: 4765 1001

Gentlemen:

Please amend the subject contract by adding and/or deleting the following well(s) effective as shown.

Add
Delete
   PMLP
Number
   Well
Name
   Operator
   County/State
   Effective
Add   137580   NANNING A TRUST 34-E   PRESCO WESTERN LLC   HASKELL, KS   Sept 01 2006

Please see Exhibit "A" attached for pricing purposes.

Except as herein amended, all other terms and conditions of said contract shell remain in full force and effect.

This fax evidences our understanding of the entire agreement and shall constitute the formal contract. Please acknowledge by return fax your acceptance of and agreement to the terms stated herein. Unless we receive notice of your objections within five (5) business days, we will consider this agreement as final and binding on both patties.

The parties agree that faxed documents shall be deemed to be admissible as primary evidence in a court of law as original or as counterparts of the original documents, either of which are to be retained end available for inspection.

Very truly yours,

PLAINS MARKETING, L.P.
By Plains Marketing GP Inc.
Its General Partner

/s/  MIKE A. WELLER      
Mike A. Weller
Director, Rocky Mountain Region
and Attorney in Fact		        

Plains Marketing LP.

Plains contact:   4765-1001   Effective: 09-01-2006   Exhibit "A"   Partner contact: Please Provide   Oct 04, 2006
                    Page 1 of 2

   

PM
Lease
*Inact
   Lease
   Operator
   County/
Parish
   State
   Price
Code
   Price
Method**
   Applicable
Premium or
(Deduct)
   Percent
   Gravity
   State
Lease
106346 (1) LARSON #1-731   PRESCO WESTERN LLC   FINNEY   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0oAPI    
106347   JEHLE #1-1624   PRESCO WESTERN LLC   FINNEY   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
111935   GRANT-MAURICE   PRESCO WESTERN LLC   HASKELL   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
114313   GARNER 1-1624   PRESCO WESTERN LLC   HASKELL   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
114317   ANTON 2-518   PRESCO WESTERN LLC   HASKELL   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
117240 (1) PEREZ 1-531   PRESCO WESTERN LLC   FINNEY   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
118051   ELS PROPERTIES 1-1030   PRESCO WESTERN LLC   HASKELL   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0oAPI    
118168*   MEGAN JANAE 1-30   PRESCO WESTERN LLC   HASKELL   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
118339   MCKINLEY 1-519   PRESCO WESTERN LLC   HASKELL   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
123592   IRENE 1-1632   PRESCO WESTERN LLC   FINNEY   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
125003   JLM FARMS #1 1A27   PRESCO WESTERN LLC   FINNEY   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
126122   WESTERN FEEDYARD   PRESCO WESTERN LLC   STANTON   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
126353   BLACK CENTRAL TANK   PRESCO WESTERN LLC   HASKELL   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
126437   MILES 1 11-28   PRESCO WESTERN LLC   KEARNY   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
129608   ROGER WILSON   PRESCO WESTERN LLC   HASKELL   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
131515   STOCKER FACILITY   PRESCO WESTERN LLC   HASKELL   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
131551   SWALOR A-1   PRESCO WESTERN LLC   STEVENS   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
131552   SWALOR B-1   PRESCO WESTERN LLC   STEVENS   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
131553   BLACKWELL A-1   PRESCO WESTERN LLC   MORTON   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
131624   KISEL 1-1215 #2   PRESCO WESTERN LLC   KEARNY   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
131711   COX 6-P   PRESCO WESTERN LLC   HASKELL   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
131729   BLACK TRUST   PRESCO WESTERN LLC   HASKELL   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
131749   E. HALL   PRESCO WESTERN LLC   HASKELL   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
135729   LUCAS TRUST 4K29-30-38   PRESCO WESTERN LLC   GRANT   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0oAPI    
135748   GCC 1-530   PRESCO WESTERN LLC   FINNEY   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
135872   MCKINLEY 15-P   PRESCO WESTERN LLC   HASKELL   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
137528   BERGNER 7-P   PRESCO WESTERN LLC   HASKELL   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0o API    
137530   NANNING A TRUST 34-E   PRESCO WESTERN LLC   HASKELL   KS   S2092   EDQ   $ 3.3000   100.00000 % Deemed 40.0oAPI    
(1)
Allocated under 995156 LARSON/PETITZ STORAGE

(*)
S2092 PLAINS MARKETING LP-SOUTHWESTERN KANSAS SWEET

(**)
EQUAL DAILY QUANTITIES


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    Exhibit 10.10