Exhibit 10.27
[First Amendment to Credit Agreement]
NationsBank
Energy Banking Group
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▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇
Tel ▇▇▇ ▇▇▇-▇▇▇▇
December 22, ▇▇▇▇
▇▇. ▇▇▇▇ ▇▇▇▇ & Exploration Company
▇▇. ▇▇▇▇▇ ▇. ▇▇▇▇▇, Chief Financial Officer
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▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇
RE: Credit Agreement dated June 30, 1998 between St. ▇▇▇▇ ▇▇▇▇ & Exploration
Company and NationsBank, N.A., as Agent, and Lenders.
Dear ▇▇▇▇▇:
Pursuant to Section 7.5 Limitation on Sales of Property, Lenders hereby consent
to Borrower's sale of certain oil and gas properties located in Oklahoma.
Additionally, upon the sale of such properties, the Aggregate Borrowing Base is
reduced to $105,000,000 until the next Determination Date. For purposes of this
reduction, the effective date of ther revised Aggregate Borrowing Base is
December 21, 1998.
▇▇▇▇▇, please feel free to call me if you have any questions or if I can be of
additional assistance.
Sincerely,
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Senior Vice President
Cc: ▇▇▇ ▇▇▇▇▇▇▇▇▇
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