Exhibit 10.8
EOTT ENERGY Operating Limited Partnership
0000 Xxxxxxxxxx Xxxxxx, Xxxxx X-000
Xxxxxxxxxxx, XX 00000
(000) 000-0000 Fax (000) 000-0000
December 8, 1998
CRUDE OIL PURCHASE CONTRACT
TO: Hallador Production Company
Attn: Xxx Xxxxxx
0000 Xxxxxxx Xxxxxx, Xxxxx 0000
Xxxxxx, XX 00000
The undersigned "Seller," whether one or more, hereby represents, warrants
and declares that it is authorized to deliver and sell (and receive 100%
of the proceeds) for all of the "oil" produced from the following:
Lease(s): South Cuyama #5093872 and Xxxxxxx #5093873
Described as: Santa Barbara, CA
This Crude Oil Purchase Agreement "Agreement" between Hallador Production
Company hereinafter called "Seller," and EOTT ENERGY Operating Limited
Partnership hereinafter called "Buyer," sets forth the terms and
conditions under which Seller agrees to sell and deliver, and Buyer agrees
to purchase and receive, the crude and/or condensate ("oil") from the
above described Lease(s), to wit:
I: TERM:
Effective January 1, 1999 through June 30, 1999 and continuing
thereafter on a six month evergreen.
II. TYPE OF OIL:
Buena Vista
III. QUANTITY:
Approximately 800-1,100 bbls per day.
IV. DELIVERY:
Delivery shall be made from designated shipping tanks and/or
through sales meters into EOTT's designated carrier from the South
Cuyama and Xxxxxxx leases. Title shall pass from Hallador
Production Company to EOTT as crude oil passes through the outlet
flange of the tank.
V. PRICE:
Average of Chevron, Union, and Equiva's Buena Vista posting plus
$.05 per bbl gravity adjusted EDQ.
VI. PAYMENT:
Payment shall be made on the twentieth (20th) of the month
following the month of delivery.
VII. INVOICES:
All invoices, invoicing documents and invoicing matters for EOTT
Energy Operating Limited Partnership, shall be sent to the
following address:
CONTRACTS: INVOICES: DIVISION ORDERS:
--------------------- --------------------- ---------------------
EOTT ENERGY Operating EOTT ENERGY Operating EOTT ENERGY Operating
Limited Partnership Limited Partnership Limited Partnership
Attn: Xxxx Xxxxxx/ Attn: Crude Oil Attn: Division Order
Lease Acquisition Accounting Department
0000 Xxxxxxxxxx Xxxxxx 000 Xxxx Xxxxx Xxxx. P. O. Xxx 0000
Xxxxx X-000 Xxxxx 0000 Xxxxxxx XX 00000-0000
Xxxxxxxxxxx XX 00000 Xxxx Xxxxx XX 00000
Phone #000-000-0000 Fax invoices to:
Fax #000-000-0000 000-000-0000
Hallador Production Company EOTT ENERGY Operating Limited Partnership
By: /S/XXXXXX X. XXXXXX By: /S/XXX XXXXXXX
Printed: Xxxxxx X. Xxxxxx Printed: Xxx XxXxxxx
Title: President Title: Manager, Lease Acquisitions
Date: December 10, 1998 Date: December 8, 1998
Tax ID# 00-0000000
Please return one executed copy in the self addressed envelope.
EOTT ENERGY CORP.
General Partner
