0001104659-04-038100 Sample Contracts

ASSET PURCHASE AGREEMENT
Asset Purchase Agreement • December 2nd, 2004 • Pioneer Drilling Co • Drilling oil & gas wells • Texas

THIS ASSET PURCHASE AGREEMENT (the “Agreement”) is made this 30th day of November, 2004 (the “Effective Date”), by and among Allen Drilling Company, a Kansas corporation (the “Seller”), the Earl Allen Family Trust dated April 1, 1979, being the sole shareholder of Seller (the “Shareholder”), Dixon Allen, Paula K. Hoisington and Lisa D. Johonnesson, being all of the beneficiaries of the Shareholder (collectively, the “Trust Beneficiaries”), and Pioneer Drilling Services, Ltd., a Texas limited partnership (the “Purchaser”).

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