Exhibit 10.125
THE COMPANY HAS REQUESTED AN ORDER FROM THE SECURITIES AND EXCHANGE COMMISSION (THE “COMMISSION”) PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, GRANTING CONFIDENTIAL TREATMENT TO SELECTED PORTIONS. ACCORDINGLY, THE CONFIDENTIAL PORTIONS HAVE BEEN OMITTED FROM THIS EXHIBIT, AND HAVE BEEN FILED SEPARATELY WITH THE COMMISSION. OMITTED PORTIONS ARE INDICATED IN THIS EXHIBIT WITH “*****”.
Sunoco Logistics | | Sunoco Partners Marketing & Terminals LP |
| | 1004 N. Big Spring Street |
| | Suite 515 |
| | Midland, TX 79701 |
February 16, 2009 | | 432 686 7080 |
| | Fax 432 687 2641 |
Mr. John Lacik
Square One Energy
Suite 3200 Unit 25
801 Cherry Street
Fort Worth, TX 76102
Re: | Crude Oil Purchase Agreement |
| Sunoco Partners Reference No. 521329 | |
Dear Mr. Lacik:
Reference is made to the above subject Crude Oil Purchase Agreement whereby Sunoco Partners Marketing & Terminals L.P. will purchase all of the crude oil and condensate, produced from the lease(s) listed on Exhibit “A”.
This confirms our understanding that by mutual consent said agreement shall be amended as follows:
Effective December 1, 2008, the following lease and facility (**) were deleted, as set forth on Exhibit “A”:
Property Number | | Lease Name | | County/ST |
0106880000** | | Desdemona Field Unit Facility** | | Eastland, TX |
0106890000 | | Desdemona Field UT 1202/1203 | | Eastland, TX |
Effective December 1, 2008, the following lease was deleted under Desdemona Field Unit Facility, #0106880000 and returned to a ‘straight lease’ status, as set forth on Exhibit “A”:
Property Number | | Lease Name | | County/ST |
402l040000 | | Desdemona Field UT (Taxable) | | Eastland, TX |
Except as hereby specifically modified, all terms and conditions of said Crude Oil Purchase Agreement shall remain in full force and effect.
If the foregoing is in accordance with your understanding of our agreement, please indicate your acceptance and confirm by signing in duplicate and returning one (1) copy for our files by mail or fax to:
Contract Administrator
Sunoco Partners Marketing & Terminals L.P.
1004 N. Big Spring, Suite 515
Midland, Texas 79701
(432) 686-7080 / Fax: (432) 687-2641
If we do not receive a signed copy by mail or fax within ten (10) business days from the date of receipt of this amendment, we will take that as evidence of your acceptance of this amendment to the above referenced agreement.
Agreed and accepted this 3rd day of March, 2009.
SQUARE ONE ENERGY, INC. | | SUNOCO PARTNERS MARKETING & TERMINALS L.P. |
| | By: | | Sunoco Logistics Partners Operations Gp LLC, |
| | Its General Partner |
By: | | /s/ Patrick M. McKinney | | | | |
| | Patrick M. McKinney | | By: | | /s/ David Johnson |
Title: | | VP of Operations | | | | David C. Johnson, Agent |
| | | | Title | | Crude Oil Representative |
Date | | 03/03/2009 | | | | |
| | | | Date | | 02/17/2009 |
EXHIBIT “A”
SQUARE ONE ENERGY – COPA #521329 | | REVISION EFFECTIVE: 12/01/2008 |
EFF.
DATE | | SUNOCO
PARTNERS
PROP. # | | LEASE NAME | | FIELD | | COUNTY/ST | | DIVISION
ORDER | | TEMP
MKTG. ADJ. | | (-) | | TRANS
ADJ. | | (=) | | NET
ADJ | | *****(1) | | PRICE* | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
03/01/04 | | 0092600000 | | DESDEMONA GAS PLNT | | DESDEMONA | | EASTLAND, TX | | 100 E% | | $ | ***** | (1) | | | $ | 0.00 | | | | $ | ***** | (1) | | | # SUNOCO PARTNERS WT/NM INT (COL.4) | |
03/01/04 | | 4008540000 | | HOGTOWN-MOORE UNIT | | DESDEMONA | | EASTLAND, TX | | 100 E% | | $ | ***** | (1) | | | $ | 0.00 | | | | $ | ***** | (1) | | | SUNOCO PARTNERS WCTINT (COL. 9) | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
03/01/04 | | 40210470000 | | DESDEMONA FIELD UT (TAXABLE) | | DESDEMONA | | EASTLAND, TX | | 100 E% | | $ | ***** | (1) | | | $ | 0.00 | | | | $ | ***** | (1) | | | SUNOCO PARTNERS WCTINT (COL. 9) | |
(1) THE COMPANY HAS REQUESTED AN ORDER FROM THE SECURITIES AND EXCHANGE COMMISSION (THE “COMMISSION”) PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, GRANTING CONFIDENTIAL TREATMENT TO SELECTED PORTIONS. ACCORDINGLY, THE CONFIDENTIAL PORTIONS HAVE BEEN OMITTED FROM THIS EXHIBIT, AND HAVE BEEN FILED SEPARATELY WITH THE COMMISSION. OMITTED PORTIONS ARE INDICATED IN THIS EXHIBIT WITH “*****”.
#GRAVITY DEEMED 55 DEGREES
*AS PUBLISHED IN SUNOCO PARTNERS MARKETING & TERMINALS L.P. CRUDE OIL PRICE BULLETIN SUMMARY
**FOR SUNOCO PARTNERS ADMINISTRATIVE PURPOSES ONLY
