CRUDE OIL CONTRACT AMENDMENT No. 1

EX-10.28 4 ex10_28.htm PSE MARCH 31, 2011 10-Q EXH 10.28 ex10_28.htm

EXHIBIT 10.28
 
Occidental Energy Marketing, Inc.
A subsidiary of Occidental Petroleum Corporation
5 Greenway Plaza, Suite 110, Houston, Texas 77046-0521
P. O. Box 27570, Houston, Texas ###-###-####
Phone ###-###-####
   
 
 
CRUDE OIL CONTRACT AMENDMENT No. 1
 
VIA FAX:
         
TO:
 
Pioneer Natural Resources USA, Inc.
   
   
Attn: Contract Management Services
   
   
Fax: (972) 969-3574
   
   
Trader: Deb Stewart
   
         
FROM:
 
Occidental Energy Marketing, Inc.
   
   
Trader: Mark Hafner
   
         
RE:
 
Occidental Contract # 0809-PNR-134117-P
 
Amendment #1
 
 
This Amendment Number 1 to the Crude Oil Contract between Occidental Energy Marketing, Inc. ("OEMI") and Pioneer Natural Resources USA, Inc. ("Counterparty") dated September, 2008 (the "Contract") is entered into as of January 13, 2011.
   
 
For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and agreed, the Parties agree that the Contract is hereby amended effective January 1, 2011 as set forth below.
   
 
Change the transporter on the Parks 5 & 13*lease to Centurion PL on the contract and Exhibit "A".
   
 
All other terms of the agreement are unchanged.
   
 
Agreed to and approved by:
 
OEMI
   
   /s/ Mark Hafner
 
 
Mark Hafner
 
Director, Crude Oil Acquisitions
   
 
Agreed to and approved by:
 
Pioneer Natural Resources USA, Inc.
   
   /s/ Hershal K. Wolfe
 
     
 
Hershal K. Wolfe
 
 
Vice President Marketing
 
     
01/13/2011
 
 
 

 
 
EXHIBIT "A"
 
OEMI's CONTRACT: 0809-PNR-134117-P#1
Counter Party Name:     Pioneer Natural Resources
Counter Party Contract Number :
Allegro Contract Number:     134117
 
                                                 
INTERFACE
 
PRODUCT
 
OPERATOR
 
LEASE NAME
 
LEASE EFFECTIVE DATE
 
CONTROLLED
 
COUNTY
 
STATE
 
TRANSPORTER
 
DELTA
 
DELTA EFFECTIVE DATE
 
CONTRACT
 
PRICE INDEX
742087310000PNTS
 
WTl
 
Pioneer Natural Resources
 
Parks 17 & 25
 
9/1/2008
 
100.00000000
 
MIDLAND
 
TX
 
OET Trucks
 
$0.85
 
9/1/2008
 
134117
 
XP - Midland Sweet
742087300000PNTS
 
WTI
 
Pioneer Natural Resources
 
Parks 5 & 13
 
9/1/2008
 
100.00000000
 
MIDLAND
 
TX
 
Centurion Pipeline
 
$0.85
 
1/1/2011
 
134117
 
XP - Midland Sweet