April 30, 2009 Cano Petroleum, Inc.
Exhibit 10.106
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April 30, 2009
Xxxx Petroleum, Inc.
000 Xxxxxx Xxxxxx, Xxxxx 0000 Xxxx 00
Xxxx Xxxxx, Xxxxx 00000-0000
Re: Gas Purchase Agreement dated April 1, 0000, Xxxxx Xxxx Xxxxxxxx (#00000 Xxxxxxx)
Gentlemen:
Eagle Rock Field Services LP. (“Eagle Rock”) and W.O. Operating Company, Ltd. (“Producer”) are parties to that certain Gas Purchase Agreement dated April 1, 2007, covering the purchase of gas from various properties located in Xxxxxx, Gray, Hutchinson, and Xxxxxxx Counties, Texas (“Agreement”).
Pursuant to Eagle Rock’s renegotiation letter dated March 25, 2009, the new pricing terms proposed by Eagle Rock are to take effect on May 1, 2009, the Renegotiation Effective Date. However, Eagle Rock is still preparing data for Producer to fully review the terms of the proposal, and the parties are continuing good faith negotiations that will not be complete by the Renegotiation Effective Date. Therefore, the parties desire to extend the “Renegotiation Effective Date” from May I, 2009 until June 1, 2009 to complete such negotiations.
If this meets with your understanding of our agreement, please secure execution of this letter agreement on behalf of Producer and return one (1) fully executed copy to my attention by May I, 2009. Should you have any questions, please give me a call at 000-000-0000.
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Sincerely, |
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/s/ J. Xxxxx Xxxx |
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J. Xxxxx Xxxx |
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V.P. Commercial Development |
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Eagle Rock Field Services, L.P. |
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Accepted and Agreed to this 31st Day of April 2009. |
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W.O. Operating Company, Ltd. |
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By: |
/s/ Xxx Xxxxxx |
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Title: |
VP & CFO |
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00000 Xxxxxxxxxxx Xxxx Xxxxx, Xxxxx 000 |
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Xxxxxxx, Xxxxx 00000 |
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281.481.1200 Office |
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000.000.0000 Fax |
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XXX.XXXXXXXXXXXXXXX.XXX |
