LEASE ACQUISITION AGREEMENTLease Acquisition Agreement • March 11th, 2011 • GMX Resources Inc • Crude petroleum & natural gas • Texas
This Lease Acquisition Agreement (the “Agreement”), dated as of January 24, 2011 (the “Effective Time), is between Arkoma Bakken, LLC, a Texas limited liability company, whose address is 203 E. Interstate 30, Rockwall, TX 75087 (“Arkoma LLC”), Larry T. Long, as Trustee for Long Properties Trust, whose address is P.O. Box 1700, Kilgore, TX 75663 (the “Trust”), and Reynolds Drilling Co., Inc., a corporation, whose address is 416 Travis, Suite 806, Shreveport, LA 71101 (“Reynolds”) (Arkoma LLC, the Trust, and Reynolds are each sometimes referred to herein as a “Seller” and are sometimes collectively referred to herein as “Sellers”) and GMX Resources, Inc., an Oklahoma corporation, whose address is One Benham Place, Suite 600, 9400 North Broadway, Oklahoma City, Oklahoma 73114 (“Buyer”). Sellers and Buyer are sometimes referred to herein as a “Party” or the “Parties.”
PURCHASE AND SALE AGREEMENT (Wyoming Subject Leases)Purchase and Sale Agreement • March 11th, 2011 • GMX Resources Inc • Crude petroleum & natural gas • Texas
This PURCHASE and SALE AGREEMENT (the “Agreement”) is made this 13th day of January, 2011, by and between Retamco Operating, Inc., a Texas corporation (“ROI”), and GMX Resources, Inc., an Oklahoma corporation (“GMXR”). GMXR and ROI may be collectively referred to herein as the “Parties” and individually as a “Party.”
PURCHASE AND SALE AGREEMENT (Montana and North Dakota Subject Leases)Purchase and Sale Agreement • March 11th, 2011 • GMX Resources Inc • Crude petroleum & natural gas • Texas
This PURCHASE and SALE AGREEMENT (the “Agreement”) is made this 13th day of January, 2011, by and between Retamco Operating, Inc., a Texas corporation (“ROI”), and GMX Resources, Inc., an Oklahoma corporation (“GMXR”). GMXR and ROI may be collectively referred to herein as the “Parties” and individually as a “Party.”
