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EXHIBIT 6.15
[XxXXXXX RESOURCES COMPANY LETTERHEAD]
Conoco, Inc.
Attention: Mr. Xxxxxx Xxxxx
P.O. Box 2197
Houston, TX 77252
Three Sisters Trust
0000 Xxxxxxxxx Xxxxx
Xxxxxxx, XX 00000
RE: Abbeville Field
Vermilion Parish, Louisiana
Gentlemen:
The purpose of this agreement is to clearly document the rights and
responsibilities of the parties from this date forward.
DEFINITION OF TERMS
XxXxxxx: XxXxxxx Resources Company, Inc., MCGR Operating Company,
Inc., and their officers, directors, employees and agents
Conoco: Conoco, Inc., its officer, directors, employees and agents
Three Sisters: Three Sisters Trust, its trustees, officers, directors,
employees and agents
The Property: the leases and xxxxx in Abbeville Field, Vermilion Parish,
Louisiana which include the units and xxxxx known as the X.X.
Xxxxxxx #1, X.X. Xxxxxxx #2, X. Xxxxxxx #1, X.X. Xxxxxxx and
X. Xxxxxxx #1
Production Pay- the Production Payment Assignment dated effective May 1,
ment Assignment: 1999 between XxXxxxx Resources Company, Inc., as Grantor and
Conoco, Inc., as Grantee
XxXxxxx has agreed to sell all its right, title and interest in the
Property to Three Sisters. The Production Payment Assignment contains a
provision, Article 4.1. which requires Conoco to consent to any assignment from
XxXxxxx to another party.
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Conoco Inc. and Three Sisters Trust
September 21, 1999
Page 2
By execution of this agreement in the proper place below, Conoco
consents to XxXxxxx'x proposed assignment to Three Sisters.
Conoco further agrees that for any production produced prior to October
1, 1999, distribution will be made to XxXxxxx and any production after October
1, 1999, distribution will be made to Three Sisters pursuant to the terms of the
Production Payment Assignment.
Three Sisters agree to operate The Property in accordance with the
terms set forth in the Production Payment Assignment end obligates itself
thereto as assignee of XxXxxxx'x entire rights, duties and obligations.
If you are in agreement with the terms and conditions please execute
this agreement in the proper place below and return one fully executed original
to the undersigned. For the purposes and expeditious handling, a faxed
signature may be used on this document.
AGREED AND ACCEPTED THIS 22ND DAY OF SEPTEMBER, 1999.
FOR: Conoco, Inc. FOR: XxXxxxx Resources Company, Inc.
BY: Xxxxxx X. Xxxxx BY: Xxxxx X. XxXxxxx
/s/ XXXXXX X. XXXXX /s/ XXXXX X. XXXXXXX
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ITS: Junior Consultant ITS: President
FOR: Three Sisters Trust FOR: MCGR Operating Company, Inc.
BY: Illegible BY: Xxxxx X. XxXxxxx
/s/ [ILLEGIBLE] /s/ XXXXX X. XXXXXXX
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ITS: Trustee ITS: President
