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EXHIBIT 10.17.2
[XXXXXXX OIL & GAS, L.P. LETTERHEAD]
May 20, 1996
Mr. Xxxx Xxxxxxx
Middle Bay Oil Company, Inc.
000 X. Xxxxxxxx Xxxxxx
X.X. Xxx 000
Xxxxxx, Xxxxxxx 00000
Re: Amendment to Expense Allocation and Participation
Agreement by and between Xxxxxxx Oil & Gas, L.P.
("BOG") and Middle Bay Oil Company, Inc. ("Middle
Bay"), dated effective as of April 1, 1996 (the
"Agreement")
Dear Xxxx:
Middle Bay and BOG recognize and acknowledge that part of the
definition of "BOG Properties" contained in the Agreement provides as follows:
However, in the event that prior to the Completion of a Subject Well
BOG has assigned or has agreed to assign interests in properties,
rights or interests which are related to such Subject Well or the
Drilling and Production Unit for the applicable Subject Well, the
interests in such properties, rights or interests which BOG has
assigned or agreed to assign shall not be part of the BOG Properties
for purposes of this Agreement.
Middle Bay and BOG also recognize and acknowledge that BOG has entered
into an agreement (hereinafter referred to as the "Gasco Agreement") with Gasco
Limited Partnership ("Gasco") which provides for Gasco's participation in BOG
Properties and Subject Xxxxx pursuant to the same terms as are provided for
Middle Bay's participation in BOG Properties and Subject Xxxxx. As such,
pursuant to the definition of BOG Properties currently contained in the
Agreement, the interests to be assigned to Gasco under the terms of the Gasco
Agreement would not be part of the BOG Properties and thus Middle Bay's
participation in such BOG Properties and Subject Xxxxx would be proportionately
reduced to account for the interest to be assigned to Gasco.
Middle Bay and BOG hereby agree, however, that, anything to the
contrary contained in the Agreement notwithstanding, the interests that are to
be assigned to Gasco pursuant to the terms of the Gasco Agreement shall be part
of the BOG Properties for purposes of determining Middle Bay's participation
and interest in BOG Properties and Subject Xxxxx under the Agreement.
Except as provided above, the Agreement shall remain in full force and
effect as to all of its terms.
If this letter amendment accurately reflects our agreement and
understanding, please sign the duplicate originals hereof below and return one
of such duplicate originals to BOG.
Sincerely,
XXXXXXX OIL & GAS, L.P.
by Xxxxxxx Exploration Company,
its Managing General Partner
/s/ XXXX X. XXXXXXX
Xxxx X. Xxxxxxx
Executive Vice President
Agreed and Accepted this 21st day of May, 1996:
MIDDLE BAY OIL COMPANY, INC.
By: /s/ XXXX X. XXXXXXX
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(name printed) Xxxx X. Xxxxxxx
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Its: President
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