CRUDE OIL CONTRACT AMENDMENT No. 4
EX-10.24 2 pseexh1024.htm PSE DECEMBER 31, 2010 10-K EXH. 10.24 pseexh1024.htm
EXHIBIT 10.24
| 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. 4
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 # 0403-PNR-13606-P | Amendment #4 |
This Amendment Number 4 to the Crude Oil Contract between Occidental Energy Marketing, Inc. ("OEMI") and Pioneer Natural Resources USA, Inc. ("Counterparty") dated March, 2004 (the "Contract") is entered into as of December 9, 2010.
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.
Increase the decimal interest from 0 ###-###-#### to 1.0000000 on the Midkiff Unit 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
12/09/2010
Exhibit "A"
OEM's CONTRACT: 0403-PRN-13806-PS4
Counter Party Name: Pioneer Natural Resources USA, Inc.
Counter Party Contract Number:
Allegra Contract Number: 119307
| Interface | Product | Operator | Lease Name | Lease Effective Date | Controlled % | County | State | Transporter | Delta | Delta Effective Date | Contract | Price Index | |||||||||
| 742054720000PIPS | WTI | Pioneer Natural Resources USA, Inc. | ARTHUR JUDKINS | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742054730000PIPS | WTI | Pioneer Natural Resources USA | BESSIE FREEMAN | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742054700000PITS | WTI | Pioneer Natural Resources USA | CARLETON B | 5/1/2005 | 100.00000000 | Upton | TX | OET Trucks | $ | 0.60 | 3/1/2006 | 1190307 | XP-Midland Sweet | ||||||||
| 742054800000PITS | WTI | Pioneer Natural Resources USA | CARLISS JUDKINS | 5/1/2005 | 100.00000000 | Midland | TX | OET Trucks | $ | 0.60 | 3/1/2006 | 1190307 | XP-Midland Sweet | ||||||||
| 742054800000PIPS | WTI | Pioneer Natural Resources USA | D L HUTT SEC 26 | 5/1/2005 | 100.00000000 | Midland | TX | Enterprise Pipeline | $ | 0.60 | 8/1/2010 | 1190307 | XP-Midland Sweet | ||||||||
| 742054870000PIPS | WTI | Pioneer Natural Resources USA | D L HUTT SEC 26 | 5/1/2005 | 100.00000000 | Midland | TX | Enterprise Pipeline | $ | 0.60 | 8/1/2010 | 1190307 | XP-Midland Sweet | ||||||||
| 742054950000PITS | WTI | Pioneer Natural Resources USA | E E ELAND 8 | 5/1/2005 | 100.00000000 | Midland | TX | OET Trucks | $ | 0.60 | 3/1/2006 | 1190307 | XP-Midland Sweet | ||||||||
| 742054980000PIPS | WTI | Pioneer Natural Resources USA | FREEMAN A | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2006 | 1190307 | XP-Midland Sweet | ||||||||
| 7420549900001PITS | WTI | Pioneer Natural Resources USA | GERMANIA SPRABERRY UT TR 1 | 5/1/2005 | 100.00000000 | Midland | TX | OET Trucks | $ | 0.60 | 3/1/2006 | 1190307 | XP-Midland Sweet | ||||||||
| 742054900001PITS | WTI | Pioneer Natural Resources USA | GERMANIA TRACT 1 | 5/1/2005 | 100.00000000 | Midland | TX | OET Trucks | $ | 0.60 | 3/1/2006 | 1190307 | XP-Midland Sweet | ||||||||
| 742055000000PITS | WTI | Pioneer Natural Resources USA | GERMANIA UT TR 113 | 5/1/2005 | 100.00000000 | Midland | TX | OET Trucks | $ | 0.60 | 3/1/2006 | 1190307 | XP-Midland Sweet | ||||||||
| 742055100000PIPS | WTI | Pioneer Natural Resources USA | JADEE | 5/1/2005 | 100.00000000 | Midland | TX | Enterprise | $ | 0.60 | 6/1/2010 | 1190307 | XP-Midland Sweet | ||||||||
| 742055130000PITS | WTI | Pioneer Natural Resources USA | JUDKINS H 1,2 | 5/1/2005 | 100.00000000 | Midland | TX | OET Truck | $ | 0.60 | 3/1/2006 | 1190307 | XP-Midland Sweet | ||||||||
| 742055190017PIPS | WTI | Pioneer Natural Resources USA | MIDKIFF DEAN UT TR 17 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055190018PIPS | WTI | Pioneer Natural Resources USA | MIDKIFF DEAN UT TR 18 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055190023PIPS | WTI | Pioneer Natural Resources USA | MIDKIFF DEAN UT TR 23 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055190024PIPS | WTI | Pioneer Natural Resources USA | MIDKIFF DEAN UT TR 24 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055190025PIPS | WTI | Pioneer Natural Resources USA | MIDKIFF DEAN UT TR 25 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055190032PIPS | WTI | Pioneer Natural Resources USA | MIDKIFF DEAN UT TR 32 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055190033PIPS | WTI | Pioneer Natural Resources USA | MIDKIFF DEAN UT TR 33 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055190034PIPS | WTI | Pioneer Natural Resources USA | MIDKIFF DEAN UT TR 34 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 3/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055190000PIPS | WTI | Pioneer Natural Resources USA | MIDKIFF UT | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 3/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055210000PITS | WTI | Pioneer Natural Resources USA | MOBIL NEAL 34 | 5/1/2005 | 100.00000000 | Upton | TX | OET Trucks | $ | 0.60 | 3/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055250000PITS | WTI | Pioneer Natural Resources USA | NAIL T | 5/1/2005 | 100.00000000 | Midland | TX | OET Trucks | $ | 0.60 | 3/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055260000PITS | WTI | Pioneer Natural Resources USA | NEAL 34 | 5/1/2005 | 100.00000000 | Upton | TX | OET Trucks | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055330000PITS | WTI | Pioneer Natural Resources USA | ODANIEL COMMINGLED | 5/1/2005 | 100.00000000 | Midland | TX | OET Trucks | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 74205541038BPIPS | WTI | Pioneer Natural Resources USA | PRESTON SPRABERRY UT TR 38B | 5/1/2005 | 100.00000000 | Midland | TX | OET Trucks | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 74205539042BPIPS | WTI | Pioneer Natural Resources USA | PRESTON SPRABERRY UT TR 42B | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 74205535043BPIPS | WTI | Pioneer Natural Resources USA | PRESTON SPRABERRY UT TR 43B | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 74205539041BPIPS | WTI | Pioneer Natural Resources USA | PRESTON SPABY UT 41B, OT BOWLES | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 74205538036BPIPS | WTI | Pioneer Natural Resources USA | PRESTON, SAM R. TR 36B | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055170000PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORDCOMMINGLE | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420000PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420001PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 1 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420013PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 13 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420014PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 14 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420015PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 15 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 74205542017CPIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 17C | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420018PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 18 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 74205542024EPIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 24E | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 74205542024FPIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 24F | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420028PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 28 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420029PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 29 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420003PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 3 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420030PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 30 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420032PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 32 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420033PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 33 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420034PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 34 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420035PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 35 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420036PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 36 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420042PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 42 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420043PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 43 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420044PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 44 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 74205542044BPIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 44B | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420045PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 45 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420046PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 46 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 74205542048APIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 48A | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 74205542050BPIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 50B | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420054PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 54 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420057PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 57 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420061PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 61 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420062PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 62 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 74205542062BPIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 62B | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 74205542063APIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 63A | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420064PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 64 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420065PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 65 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055420068PIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 68 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 74205542070APIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 70A | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 74205542071APIPS | WTI | Pioneer Natural Resources USA | SHACKELFORD SPRABERRY UT TR 71A | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055150000PITS | WTI | Pioneer Natural Resources USA | SNOWDEN A 1-5 | 5/1/2005 | 100.00000000 | Midland | TX | OET Trucks | $ | 0.60 | 3/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742058300000PIPS | WTI | Pioneer Natural Resources USA | SNOWDEN A-6 | 5/1/2005 | 100.00000000 | Midland | TX | Centurion Pipeline | $ | 0.60 | 5/1/2005 | 1190307 | XP-Midland Sweet | ||||||||
| 742055550000PITS | WTI | Pioneer Natural Resources USA | WALTON JUDKINS B | 5/1/2005 | 100.00000000 | Midland | TX | OET Trucks | $ | 0.60 | 3/1/2006 | 1190307 | XP-Midland Sweet | ||||||||
