1
Exhibit 99.1
AMOCO LETTERHEAD Amoco Exploration & Production
Amoco Building
0000 Xxxxxxxx
April 1, 1999 Post Office Box 800
Denver, Colorado 80201-0800
Crude Oil Supply
Fax: 000-000-0000
Coho Resources, Inc.
Attn: Xxxx Xxxxx X'Xxxxxx
00000 Xxxxxxx Xxxx, Xxxxx 000
Xxxxxx, XX 00000
Re: Amoco and Coho Resources "Crude Call" Agreement
Dear Xxxx Xxxxx:
Per my conversation with Xxxxx Xxxxx, it is our understanding that Coho Oil &
Gas Inc. has agreed to a new crude call arrangement with BP Amoco effective
April 1, 1999 through April 30, 2000. The details of the arrangement are as
follows:
Oklahoma Sour Production:
Transfer Location: Into BP Amoco's designated carrier from lease
tankage or from pipeline injection location at
lease tankage
Volume: Approximately 3000 BPD
Price: Average NYMEX WTI Settlement Price, Calendar Days,
Trading Days Only, less a differential of $1.84
per barrel
Oklahoma Sweet Production:
Transfer Location: Into BP Amoco's designated carrier from lease
tankage or from pipeline injection location at
lease tankage
Volume: Approximately 2000 BPD
Price: Average NYMEX WTI Settlement Price, Calendar Days,
Trading Days Only, less a differential of $0.80
per barrel
Formal amendments to the crude call language will follow which will also
address the dates for future renegotiations. If this is your understanding,
please sign below and fax back to me at (000) 000-0000. We look forward to
working with you and the rest of the staff at Coho Resources in the months to
come. Please contact me at (000) 000-0000 if you have any questions.
Sincerely,
/s/ Xxxx Xxxxxx
-------------------------------------------
Xxxx Xxxxxx
Xxxxx Xxxxx Specialist
cc Xxxx X. Xxxxx, Amoco Production Company
Xxxxx Xxxxx, The Xxxxx Companies
/s/ Xxxx Xxxxx X'Xxxxxx
-------------------------------------------
Signature
Coho Oil & Gas, Inc.
