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EXHIBIT 10(f)
SECOND AMENDMENT TO CREDIT AGREEMENT
THIS SECOND AMENDMENT TO CREDIT AGREEMENT, dated as of April 15, 1996
(herein called this "Amendment"), is entered into by and among Alexander Energy
Corporation, an Oklahoma corporation (herein called the "Borrower"), the
various financial institutions as are or may become parties hereto
(collectively, the "Lenders"), and Canadian Imperial Bank of Commerce, acting
through its New York Agency as agent (together with its successors in such
capacity, the "Agent") for the Lenders. Terms defined in the Credit Agreement
(as hereinafter defined) are used herein with the same meanings as given them
therein, unless the context otherwise requires.
W I T N E S S E T H:
WHEREAS, the Borrower, the Lenders and the Agent have heretofore
entered into a certain Credit Agreement, dated as of November 14, 1994, which
was amended by that certain First Amendment to Credit Agreement dated as of
July 14, 1995 (such agreement, as so amended, herein called the "Credit
Agreement") and
WHEREAS, the Borrower and the Lenders now desire to further amend the
Credit Agreement in certain respects, as hereinafter provided;
NOW, THEREFORE, in consideration of the premises and the mutual
agreements herein contained, the Borrower, the Lenders and the Agent hereby
agree as follows:
SECTION 1. Amendment of Section 1.1. Section 1.1 of the Credit
Agreement is hereby amended as follows:
(a) The definition of the term "Applicable Margin" is hereby
amended in its entirety to read as follows:
"Applicable Margin" means with respect to any Revolving Loan
of any type on any day, the percentage set forth below opposite such
type of Revolving Loan applicable to such Revolving Loan, as set forth
below:
Base Rate Loan 1.0%
LIBOR Rate Loan 2.0%
(b) The definition of the term "CD Rate Loan" is hereby deleted in
its entirety.
(c) The definition of the term "Current Ratio" is hereby
amended by deleting the period at the end of such definition and adding the
following language at the end thereof: "provided further that for purposes of
this calculation, the consolidated current
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liabilities of the Borrower shall exclude the current portion of all Loans."
(d) The definition of the term "Fixed Rate Loan" is hereby amended
in its entirety to read as follows:
"Fixed Rate Loan" means any LIBO Rate Loan.
(e) The definition of the term "Loan Document" is hereby amended
and restated in its entirety to read as follows:
"Loan Document" means this Agreement,, the Notes, the
Guaranties, the Security Agreement, each financing statement delivered
in conjunction with the Security Agreement, each Borrowing Request,
each Continuation/Conversion Notice, each Mortgage, each financing
statement delivered in conjunction with a Mortgage, each Hedging
Agreement entered into with a Lender or Affiliate of a Lender and each
other relevant agreement, document, certificate or instrument
delivered in connection with any of the aforementioned.
(f) The definition of the term "Loan" is hereby amended in its
entirety to read as follows:
"Loans" means any Revolving Loan or the Term Loan and
collectively any two or more of the foregoing.
(g) The definition of the term "Stated Maturity Date" is hereby
amended in its entirety to read as follows:
"Stated Maturity Date" means December 31, 2000.
(h) The definition of the term "Transition Date" is hereby amended
in its entirety to read as follows:
"Transition Date" means April 1, 1997.
(i) The definition of the term "type" is hereby amended in its
entirety to read as follows:
"type" means relative to any Revolving Loan, the portion
thereof, if any, being maintained as a Base Rate Loan or a LIBO Rate
Loan.
(j) The following definitions are hereby added to Section 1.1 of
the Credit Agreement inserted in appropriate alphabetical order:
"Arkansas Mortgage" means that certain Mortgage, Deed of
Trust, Assignment, Security Agreement and Financing Statement dated as
of April 15, 1996, executed by the Borrower and delivered to the
Collateral Agent, covering the interest described therein in Oil and
Gas
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Properties located in the State of Arkansas and the interests related
thereto, as the same may from time to time be amended, supplemented,
restated or otherwise modified.
"Asset" means as to any Person, all property of any kind,
name or nature, real or personal, tangible or intangible, legal or
equitable, whether now owned or hereafter acquired, including, without
limitation, money, stock, security, equity interest, partnership
interest, franchises, value as a going concern, causes of action,
undivided fractional ownership interests, and anything of any value
which can be made available for, or may be appropriated to the payment
of debts.
"Borrower's Excess Cash Flow from Operations" means with
respect to the Borrower and its Subsidiaries on a consolidated basis,
for any period for which a determination thereof is to be made, the
excess, if any, of
(x) the consolidated Borrower's Net Income
(Loss) of the Borrower for such period plus the sum of
estimated depreciation, depletion and amortization expense for
such period to the extent included in determining Borrower's
Net Income (Loss) plus deferred financing costs (other than
interest),
over
(y) the sum of capitalized general
administrative costs for such period, in each case to the
extent included in determining Borrower's Net Income (Loss),
plus scheduled principal payments made on all Indebtedness
during such period (other than payments made on the Loans and
on the John Hancock Notes), plus $700,000.
"Borrower's Net Income (Loss)" means with respect to the
Borrower and its Subsidiaries on a consolidated basis, for any period
for which a determination thereof is to be made, the excess if any of
(x) the Borrower's total consolidated revenues for such period, over
(y) the sum of depreciation, depletion and amortization expense for
such period, plus lease operating expense for such period, plus
general administrative expenses for such period, plus interest expense
for such period, plus production taxes for such period.
"Borrowing Base Deficiency Tranche" means Eleven Million
Dollars ($11,000,000).
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"Collateral Agents" means CIBC Inc. in its capacity as
Collateral Agent for the Secured Parties, together with its successors
and assigns in such capacity.
"Disposition" means a sale, transfer, lease, assignment,
contribution or any other disposition or transfer of an Asset,
including without limitation destruction of an Asset as a result of a
casualty and issuance of equity of any type including issuance of
common or preferred shares.
"EGOLF Sale" means the sale to the Egolfs of 228 oil and/or
gas wells more specifically described in Annex I hereto.
"Hedging Agreement" means (i) any interest rate swap
agreement, interest rate cap agreement, interest rate collar agreement
or similar agreement designed to protect the Borrower against
fluctuations in interest rates with respect to this Agreement and the
Notes and (ii) any commodity hedge, commodity swap, exchange,
forward, future, collar or cap agreements, fixed price agreements and
all other agreements or arrangements designed to protect the Borrower
against fluctuations in commodity prices.
"John Hancock Note Agreement" means that certain Note
Agreement dated as of June 1, 1988 between Borrower and John Hancock
Mutual Life Insurance Company, as from time to time amended,
supplemented, restated or otherwise modified.
"John Hancock Notes" means those certain 10% Senior Unsecured
Notes payable to the holder or holders thereof issued pursuant to the
John Hancock Note Agreement.
"Kansas Mortgage" means that certain Mortgage, Deed of Trust,
Assignment, Security Agreement and Financing Statement dated as of
April 15, 1996, executed by the Borrower and delivered to the
Collateral Agent, covering the interest described therein in oil and
Gas Properties located in the State of Kansas and the interests
related thereto, as the same may from time to time be amended,
supplemented, restated or otherwise modified.
"Mortgage" means each of the Kansas Mortgage, the Arkansas
Mortgage, the Texas Mortgage and the Oklahoma Mortgage, in each case
as amended, supplemented, restated or otherwise modified and in effect
from time to time, together with any other mortgage, deed of trust,
security agreement and financing statements, in form and substance
satisfactory to the Agent in its sole and absolute discretion, as the
Borrower or any other Obligor shall
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execute and deliver to the Collateral Agent in order to grant
additional collateral acceptable to the Agent for the payment of the
Loans and all other obligations of the obligors under the Loan
Documents.
"Mortgage Properties" means those properties and interests
subject to a Lien in favor of the Collateral Agent for the benefit of
the Secured Parties (as defined in the Mortgages) pursuant to any
Mortgage, including personal property as more specifically described in
the Mortgage, and any other properties or interests acceptable to the
Agent (and, if different from the Agent, the Collateral Agent) which
from time to time are subject to a valid perfected and first priority
Lien in favor of the Collateral Agent pursuant to any additional or
supplemental Mortgage.
"Oklahoma Mortgage" means that certain Mortgage, Deed of
Trust, Assignment, Security Agreement and Financing Statement dated as
of April 15, 1996, executed by the Borrower and delivered to the
Collateral Agent, covering the interest described therein in oil and
Gas Properties located in the State of Oklahoma and the interests
related thereto, as the same may from time to time be amended,
supplemented, restated or otherwise modified.
"Revolving Commitment" has the meaning set forth in Section
2.1.1(a).
"Revolving Loan" has the meaning set forth in Section 2.1.1(a).
"Second Amendment" means that certain Second Amendment to
Credit Agreement dated as of April 15, 1996.
"Second Amendment Closing Date" means the date occurring on or
prior to April 26, 1996, on which all conditions precedent to the
effectiveness of the Second Amendment have been satisfied.
"Secured Party" has the meaning set forth in the Mortgages.
"Security Agreement" means that certain Assignment, Security
Agreement dated April 15, 1996 between Borrower and CIBC Inc. as
Collateral Agent for the Secured Parties, as the same may be from time
to time amended, supplemented, restated, or otherwise modified.
"Swap Bank" has the meaning set forth in the Mortgages.
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"Term Commitment" has the meaning set forth in Section
2.1.1(b).
"Term Loan" has the meaning set forth in Section 2.1.1(b).
"Texas Mortgage" means that certain Mortgage, Deed of Trust,
Assignment, Security Agreement and Financing Statement dated as of
April 15, 1996, executed by the Borrower and delivered to the
Collateral Agent, covering the interest described therein in Oil and
Gas Properties located in the State of Texas and the interests related
thereto, as the same may from time to time be amended, supplemented,
restated or otherwise modified.
SECTION 2. Amendment to Sections 2.1.1 and 2.1.2. Sections 2.1.1 and
2.1.2 of the Credit Agreement are hereby amended in their entirety to read as
follows:
SECTION 2.1.1 Commitment of Each Lender.
(a) Revolving Loans. From time to time on any Business
Day occurring prior to the Commitment Termination Date, each Lender
will make revolving loans (relative to such Lender, and of any type,
its "Revolving Loans") to the Borrower equal to such Lender's
Percentage of the aggregate amount of the Borrowing requested by the
Borrower to be made on such day. The commitment of each Lender
described in this Section 2.1.1(a) is herein referred to as its
"Revolving Commitment". On the terms and subject to the conditions
hereof, the Borrower may from time to time borrow, prepay and reborrow
such Revolving Loans; provided, however that amounts paid pursuant to
payments required to be made as a result of the reductions to the
Maximum Commitment Amount required under Section 2.2.2 may not be
reborrowed.
(b) Term Loans. On the Second Amendment Closing Date,
each Lender will make one term loan (relative to such Lender, its
"Term Loan") to the Borrower equal to such Lender's Percentage of the
Borrowing Base Deficiency Tranche. The commitment of each Lender
described in this Section 2.1.1(b) is herein referred to as its "Term
Commitment." Amounts paid with respect to the Term Loan may not be
reborrowed. The proceeds of the Term Loan shall be used exclusively to
repay Loans outstanding under Section 2.1.1 of this Agreement
immediately prior to the effectiveness of the Second Amendment and
thus cure the Borrowing Base Deficiency then existing.
SECTION 2.1.2. Lenders Not Permitted or Required To Make
Loans. No Lender shall be permitted or required to
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make any Loan if, after giving effect thereto, the aggregate
outstanding principal amount
(a) of all Loans of all Lenders would exceed the
Commitment Amount, or
(b) of all Loans of such Lender would exceed such
Lender's Percentage of the Commitment Amount, or
(c) of all Revolving Loans of all Lenders would exceed
Thirty-Three Million Dollars, or
(d) of all Revolving Loans of such Lender would exceed
such Lender's Percentage of Thirty-Three Million Dollars, or
(e) of the Term Loan of all Lenders would exceed the
Borrowing Base Deficiency Tranche, or
(f) of the Term Loan of such Lender would exceed such
Lender's Percentage of the Borrowing Base Deficiency Tranche.
SECTION 3. Amendment to Section 2.3. Section 2.3 of the Credit
Agreement is hereby amended in its entirety to read as follows:
SECTION 2.3. Borrowing Procedure. By delivering a Borrowing
Request to the Agent on or before 10:00 a.m., New York, New York
time, on a Business Day, the Borrower may from time to time
irrevocably request, Loans (a) in the case of Revolving Loans
requested to be made as Base Rate Loans, on not less than one nor more
than five Business Days' notice and (b) in the case of Revolving Loans
requested to be made as Fixed Rate Loans, on not less than three nor
more than five Business Days' notice, that a Borrowing be made in a
minimum amount of $1,000,000 and an integral multiple of $100,000, or
in the unused amount of the Commitments. The Lenders shall make the
Term Loan as a Base Rate Loan on the Second Amendment Closing Date
upon receipt on or before 10:00 a.m., New York, New York time on such
date of a borrowing notice from the Borrower in form and substance
satisfactory to the Agent. On the terms and subject to the conditions
of this Agreement, each Borrowing shall be comprised of the type of
Loans, and shall be made on the Business Day, specified in such
Borrowing Request; provided that the Term Loan shall be made on a Base
Rate Loan on the Second Amendment Closing Date. On or before 11:00
a.m. (New York City, New York time) on such Business Day each Lender
shall deposit with the Agent same day funds in an amount equal to such
Lender's Percentage of the requested Borrowing (other than the
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Borrowing comprising the Term Loan). Such deposit will be made to an
account which the Agent shall specify from time to time by notice to
the Lenders. To the extent funds are received from the Lenders, the
Agent shall make such funds available to the Borrower by wire transfer
to the accounts the Borrower shall have specified in its Borrowing
Request. No Lender's obligation to make any Loan shall be affected by
any other Lender's failure to make any Loan.
SECTION 4. Amendment to Section 2.4. Section 2.4 of the Credit
Agreement is hereby amended by deleting the word "Loans" appearing in the
seventh, eighteenth and nineteenth lines hereof and substituting the words
"Revolving Loans" in each case in lieu thereof.
SECTION 5. Amendment to Section 2.9. Section 2.9 of the Credit
Agreement is hereby amended in its entirety to read as follows:
"SECTION 2.9 [INTENTIONALLY OMITTED.]"
SECTION 6. Amendment to Section 2.10. Section 2.10 of the Credit
Agreement is hereby amended in its entirety to read as follows:
SECTION 2.10 Notes. Each Lender's Revolving Loans under its
Commitment shall be evidenced by a Note in substantially the form of
Exhibit A hereto payable to the order of such Lender in a maximum
principal amount equal to such Lender's Percentage of the original
Maximum Commitment Amount. Each Lender's Term Loan under its Term Loan
Commitment shall be evidenced by a Note in substantially the form of
Annex II to the Second Amendment payable to the order of such Lender
in a maximum principal amount equal to such Lender's Percentage of the
Borrowing Base Deficiency Tranche. The Borrower hereby irrevocably
authorizes each Lender to make (or cause to be made) appropriate
notations on the grid attached to such Lender's Notes (or on any
continuation of such grid) or on such Lender's records, which
notations, if made, shall evidence, inter alia, the date of, the
outstanding principal of, and the interest rate and Interest Period
applicable to the Loans evidenced thereby. Such notations shall be
presumptive evidence of the accuracy of such matters; provided,
however, that the failure of any Lender to make any such notations
shall not limit or otherwise affect any Obligations of the Borrower or
any other Obligor.
SECTION 7. Amendment of Section 3.1. Section 3.1 of the Credit
Agreement is hereby amended by:
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(a) amending clause (c) of such Section 3.1 by deleting
the word "and" from the end of clause (c);
(b) amending clause (d) of such Section 3.1 by deleting
the period from the end of clause (d), replacing the period with a
semi-colon;
(c) adding the following new clauses (e) and (f) thereto
immediately following clause (d) thereof:
"(e) shall, in the case of the Borrowing Base
Deficiency Tranche,
(i) on or prior to April 30, 1996 make a
mandatory principal payment in the amount of
$750,000;
(ii) make a mandatory principal payment
in the amount of $350,000 on April 30, 1996, and make
eleven additional equal monthly mandatory principal
payments in the amount of $350,000 on the first
Business Day of each calendar month beginning May 1,
1996, each to be applied to reduce the outstanding
principal amount of the Term Loan;
(iii) on April 1, 1997 make a mandatory
principal payment in an amount equal to the then
outstanding amount of the Term Loan; and
(iv) on the thirtieth day of each
calendar month commencing with April 30, 1996 until
the Term Loan shall have been paid in full, make a
mandatory principal payment in an amount equal to
100% of the Borrower's Excess Cash Flow from
Operations; and
(f) shall concurrently with any Disposition or
any incurrence of Indebtedness from and after the date hereof
(other than Indebtedness described in clause (f) or clause (k)
of Section 7.2.2), make a mandatory principal payment equal to
100% of the proceeds from such Disposition or such
Indebtedness or such higher amount as the Required Lenders
shall require as a condition to a consent to any Disposition
or incurrence of Indebtedness, provided that the Lenders
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shall have no obligation to consent to any Disposition or
incurrence of Indebtedness which is not otherwise permitted by
the terms of this Agreement; and provided further that the
foregoing shall not authorize the Borrower or any Obligor to
make a Disposition or incur Indebtedness unless such
Disposition and Indebtedness are otherwise permitted to be
made pursuant to the terms of this Agreement.
SECTION 8. Amendment of Section 3.2.1. Section 3.2.1 of the
Credit Agreement is hereby amended by (i) deleting the period from the end of
clause (c) and replacing said period with a semi-colon and (ii) adding the
following proviso to Section 3.2.1 thereof after such semi-colon, as follows:
"provided that the Term Loan shall accrue interest at the following
rates per annum (i) for the period from and including the date the
Term Loan is made to and including October 15, 1996, at a per annum
rate equal to the sum of the Alternate Base Rate plus three percent
(3%); and (ii) for the period commencing on (but excluding) October
15, 1996 to and including April 1, 1997, at a rate per annum equal to
the sum of the Alternate Base Rate plus four percent (4%); provided
however, that any principal amount of the Term Loan and the Revolving
Loans which is due and payable and remains unpaid shall accrue
interest at the rate set forth in Section 3.2.2."
SECTION 9. Amendment to Section 3.2.2. Section 3.2.2 of the
Credit Agreement is hereby amended in its entirety to read as follows:
SECTION 3.2.2. Post-Maturity Rates. After the date any
principal amount of any Loan is due and payable and remains unpaid
(whether on account of a mandatory payment provision, on the Stated
Maturity Date, upon acceleration or otherwise), or after any other
monetary Obligation of the Borrower shall have become due and payable
and remains unpaid, the Borrower shall pay, but only to the extent
permitted by law, interest (after as well as before judgment) on such
amounts at a rate per annum equal to (i) in the case of the Term Loan
or any portion thereof, the Alternate Base Rate plus the margin then
applicable to the Term Loan as described in the proviso to Section
3.2.1 plus 2%, and (ii) in the case of any other Loan or Obligation,
the Alternate Base Rate plus the Applicable Margin for Base Rate Loans
plus an additional margin of 2%.
SECTION 10. Addition of Section 3.3.3. Section 3.3 of the Credit
Agreement is hereby amended by adding thereto the following Section 3.3.3:
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"SECTION 3.3.3. Second Amendment Fee. The Borrower further
agrees to pay to the Agent for the account of each Lender a fee in the
amount of one percent (1%) of the Borrowing Base Deficiency Tranche on
the Second Amendment Closing Date.
SECTION 11. Addition of Section 7.1.8, 7.1.9 and 7.1.10. The
following Sections 7.1.8, 7.1.9 and 7.1.10 are hereby added to Article VII of
the Credit Agreement immediately following Section 7.1.7:
SECTION 7.1.8. Additional Security Documents. Upon the
request of the Agent and upon granting of any Lien to secure the John
Hancock Notes, the Borrower shall deliver, and shall cause its
Subsidiaries to deliver, to the Collateral Agent Mortgages with
respect to Oil and Gas Properties of the Borrower or any of its
Subsidiaries specified by the Agent (or covered by the Lien granted to
secure the John Hancock Notes, as the case may be), together with such
other documents, agreements and instruments (including UCC-1 financing
statements) as the Agent (or, if different from the Agent, the
Collateral Agent) shall request and which may be necessary or
appropriate to place a first and prior Lien on such Oil and Gas
Properties in favor of the Collateral Agent for the benefit of the
Lenders and other Secured Parties and pari passu with liens granted to
secure the John Hancock Notes, and the Borrower shall deliver or cause
to be delivered such favorable opinions of counsel as the Agent or
Collateral Agent may request, in each case from counsel satisfactory
to the Agent and Co-Agent and in form and substance satisfactory to
the Agent (and, if different from the Agent, the Collateral Agent) in
its sole discretion.
SECTION 7.1.9. Report of Borrower's Cash Flow from
Operations. On or before the thirtieth day of each calendar month
commencing on April 30, 1996, the Borrower shall deliver to the Agent
a report in form and substance satisfactory to the Agent setting forth
calculation of the Borrower's Excess Cash Flow from Operations for the
immediately preceding calendar month, certified by the highest
financial officer of the Borrower as being true, complete and correct
to the best of his knowledge after due inquiry as of such day.
SECTION 7.1.10. Environmental Questionnaires. On or before
August 15, 1996, the Borrower shall execute and deliver to the Agent
duly executed environmental questionnaires in substantially the form
of Annex III.
SECTION 12. Amendment of Section 7.2.2. Section 7.2.2 of the
Credit Agreement is hereby amended by deleting clause (b)
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thereof and renumbering all subsequent clauses. Section 7.2.2 of the Credit
Agreement is further amended by deleting the words "or (k) " appearing in the
proviso and placing the word "or" immediately before the reference to clause
(j) in such proviso.
SECTION 13. Amendment of Section 7.2.4. Section 7.2.4 of the
Credit Agreement is hereby amended as follows:
(i) clause (b) of Section 7.2.4 is hereby amended and
restated in its entirety to read as follows:
"(b) Its Interest Expense Coverage Ratio for each of the
Fiscal Quarters ending during the period commencing on January
1, 1996 through and including March 31, 1997 to be less than
2.65 to 1 as of the last day of such Fiscal Quarter; and, its
Interest Expense Coverage Ratio for any Fiscal Quarter ending
thereafter to be less than 3.50 to 1.0 as of the last day of
such Fiscal Quarter"; and
(ii) clause (c) of Section 7.2.4 is hereby amended and
restated in its entirety to read as follows:
"(c) Its Current Ratio for each of the Fiscal Quarters
occurring during the period commencing on January 1, 1996 and
ending on March 31, 1997 to be less than.50 to 1.0 as of the
last day of such Fiscal Quarter; and its Current Ratio for any
Fiscal Quarter ending thereafter to be less than 1.0 to 1.0 as
of the last day of such Fiscal Quarter."
SECTION 14. Amendment of Section 7.2.5. Section 7.2.5 of the
Credit Agreement is hereby amended as set forth below:
(a) The word "and" is deleted from the final line of
clause (g) thereof;
(b) The period ending clause (h) thereof is replaced by a
semicolon and the word "and," and
(c) A new clause (i) is added thereto to read in its
entirety as follows:
"(i) with respect to any Oil and Gas Properties
and related assets acquired by the Borrower or any of its
Subsidiaries pursuant to an Investment permitted above, at the
request of the Agent the Borrower or such Subsidiary of the
Borrower shall deliver to the Collateral Agent a duly executed
Mortgage, in form and substance satisfactory to the Agent and
the Collateral Agent,
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creating a Lien on all or part of the Oil and Gas Properties
so acquired in favor of the Collateral Agent for the benefit
of the Lenders and other Secured Parties, together with such
opinions, agreements, certificates and other documents
(including duly executed financing statements), as the Agent
or Collateral Agent may request."
SECTION 15. Amendment of Section 7.2.1. Section 7.2.7 of the
Credit Agreement is hereby amended by adding the following proviso at the end
of the first sentence thereof immediately prior to the final period:
; provided further however that the Borrower will not, and will not
permit any of its Subsidiaries to, make any Capital Expenditures other
than completion expenditures not to exceed $175,000 for the Gray 2-11
well operated by Louis Dreyfus Natural Gas Corporation and other than
for development, including without limitation, development drilling,
reworkings, plugging back, redrilling or similar development
operations only on (i) proved producing properties existing as of
April 15, 1996 or (ii) on proved undeveloped properties.
SECTION 16. Amendment of Section 7.2.11. Clauses (c) and (d) of
Section 7.2.11 of the Credit Agreement are hereby amended in their entirety to
read as follows:
"(c) Subject to the proviso of the immediately following
clause (d) hereof, the net book value of such assets, together with
the net book value of all other assets sold, transferred, leased,
contributed or conveyed otherwise than in the ordinary course of
business by the Borrower or any of its Subsidiaries pursuant to this
clause, does not exceed $2,000,000 in the aggregate since the
Effective Date and such assets do not constitute Borrowing Base
Properties or Mortgaged Properties and no Default exists immediately
before or after giving effect to such sale or other disposition and as
of the date of such sale or other disposition, no excess of the
principal of Loans outstanding over the Commitment Amount exists or
would result therefrom; or
(d) such sale, transfer, lease, contribution or
conveyance is approved in writing by the Agent and the Required
Lenders prior to the date thereof, provided, that, the Required
Lenders and the Agent have the right to redetermine the Borrowing Base
in accordance with their customary practices upon the sale, transfer,
lease, contribution or conveyance of any Borrowing Base Property
pursuant to Section 2.7 and, if applicable, prior to or concurrently
with such sale, transfer, lease, contribution or conveyance the
Borrower shall have made
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a payment in an amount equal to the higher of (x) the excess of the
principal amount of Loans then outstanding over the Borrowing Base as
in effect immediately following any redetermination thereof on account
of such sale, transfer, lease, contribution or conveyance and (y) the
gross proceeds of such Sale net of all reasonable and customary
transaction costs."
SECTION 17. Amendment of Section 7.2.12. Section 7.2.12 of the
Credit Agreement is hereby amended by (a) inserting immediately after the words
"Subordinated Debt" in the fifth line thereof the phrase "or the John Hancock
Notes (including the John Hancock Note Agreement)" and (b) adding the following
proviso to the end of such Section 7.2.12: "provided, however, that the
Borrower may consent to the waivers of certain provisions of the John Hancock
Note Agreement as described in Section 26 of the Second Amendment."
SECTION 18. Amendment of Section 7.2.14. Section 7.2.14 of the
Credit Agreement is hereby amended by adding the following sentence as the last
sentence of such Section 7.2.14: "Notwithstanding the foregoing, none of the
John Hancock Agreement, the John Hancock Notes, or any other document
evidencing Indebtedness of a type permitted pursuant to clause (c) of Section
7.2.2 shall prohibit the creation of Liens on any property of the Borrower or
its Subsidiaries in favor of the Collateral Agent for the benefit of the
Lenders and other Secured Parties to secure the obligations of the Borrower or
any other Obligor, unless such prohibition concerns the Borrower's creation of
Liens in favor of the Collateral Agent which are not on at least a pari passu
basis with any Liens on such property in favor of John Hancock as security for
the John Hancock Notes and the John Hancock Note Agreement."
SECTION 19. Amendment of Section 8.1.5. Section 8.1.5 of the
Credit Agreement is hereby amended by (a) changing the final period thereof to
a comma and (b) adding the following after the final word and immediately after
such comma: "or any event of default (as defined in the John Hancock Note
Agreement) shall occur or any event of default (as defined in each John Hancock
Note) shall occur or any event or condition shall exist which, with the passage
of time or the giving of notice, or both, shall be sufficient to permit the
holder of any John Hancock Note or any trustee or agent for such holder or
holders to cause such Indebtedness to become due and payable prior to its
expressed maturity."
SECTION 20. Addition of Section 9.8. Article IX of the Credit
Agreement is hereby amended by adding thereto the following Section 9.8:
SECTION 9.8 Collateral Agent. The provisions of Article
IX and of Sections 10.3 and 10.4 shall also apply to the Collateral
Agent with respect to all matters,
14
15
actions and inactions pursuant to the Mortgages and relating to the
Mortgaged Property. Each reference to the Agent in Article IX and in
Sections 10.3 and 10.4 shall be deemed to include a reference to the
Collateral Agent in its capacity as such and each reference to "CIBC"
in Section 9.5 shall be deemed to include CIBC Inc. Each Lender
hereby agrees that it shall cause each of its Affiliates which becomes
a Swap Bank pursuant to any Hedging Agreement secured by the Mortgage
to execute such agreements and documents as the Agent or Collateral
Agent may reasonably request to evidence such Affiliate's agreement to
the provisions of this Article IX and the Mortgages.
SECTION 21. Amendment of Section 10.l(d). Clause (d) of Section
10.1 of the Credit Agreement is hereby amended and restated in its entirety to
read as follows:
(d) affect adversely the interests, rights or obligations
of the Agent qua Agent or the Collateral Agent qua Collateral Agent
shall be made without the consent of the Agent or Collateral Agent,
as the case may be.
SECTION 22. Amendment of Section 10.3. Section 10.3 of the Credit
Agreement is hereby amended by (a) deleting the final word "and" of clause (a)
thereof; (b) deleting the final period of clause (b) thereof and replacing such
period with a comma followed by the word "and"; and (c) adding the following
clause (c) thereto: "(c) the filing, recording, refiling or rerecording of any
Mortgage and/or any Uniform Commercial Code financing statements relating
thereto and all amendments, supplements and modifications to any thereof and
any and all other documents or instruments of further assurance required to be
filed or recorded or refiled or rerecorded by the terms hereof or of any
Mortgage or of the Security Agreement."
SECTION 23. Amendment of Disclosure Schedule. The Disclosure
Schedule attached to the Credit Agreement is hereby amended by deleting
therefrom Item 6.8 ("Existing Subsidiaries") and inserting in lieu thereof Item
6.8 as attached hereto.
SECTION 24. Other Additional Amendments. CD Rate Loans shall no
longer be available under the Credit Agreement, accordingly all references and
provisions relating to CD Rate Loans contained in the Credit Agreement shall
have no force and effect and shall not apply with respect to any period
commencing after the date hereof insofar as those provisions relate to CD Rate
Loans.
SECTION 25. Representations and Warranties. To induce the
Lenders, the Collateral Agent and the Agent to enter into this Amendment, the
Borrower hereby reaffirms, as of the date hereof, its representations and
warranties contained in Article VI of the
15
16
Credit Agreement (except to the extent such representations and warranties (i)
relate solely to an earlier date, (ii) relate to properties and assets,
including Oil and Gas Properties, any Obligor has sold, transferred, abandoned,
released or otherwise disposed of from and after the Effective Date with the
Lenders' consent or in the ordinary course of such Obligor's business or (iii)
have been made inaccurate because of the merger of any Obligor into the
Borrower) and additionally represents and warrants as follows:
(a) The execution, delivery and performance of this
Amendment, the Term Notes, each of the Subject Mortgages (as
hereinafter defined), the Security Agreement and the Financing
Statements (as hereinafter defined) by the Borrower are within the
Borrower's corporate powers, have been duly authorized by all
necessary corporate action, have received all necessary governmental
approval (if any shall be required), and do not and will not
contravene or conflict with any contractual restriction (unless the
Borrower has not received a binding waiver of such contractual
restrictions, a copy of which waiver must be sent to the Agent), law
or governmental regulation or court decree or order binding on the
Borrower or the Organic Documents of the Borrower, or result in, or
require the creation or imposition of, any Lien on any of the
Borrower's properties, except for the Liens created pursuant to the
Subject Mortgages, the Security Agreement and Financing Statements;
(b) This Amendment, the Term Notes, the Security
Agreement, each of the Subject Mortgages, the Financing Statements and
the Credit Agreement as amended by the Amendment are the legal, valid
and binding obligations of the Borrower enforceable against the
Borrower in accordance with their respective terms, subject in each
case to the application of equitable principles and subject to the
effect of bankruptcy, insolvency, reorganization, moratorium or other
similar statutes, judicial decisions or rules of law affecting
creditors' rights generally; and
(c) All authorizations, approvals, and other actions
required by, notifications to and filings with, any governmental
authority or regulatory body or other Person required for the
Borrower's due execution, delivery or performance of this Agreement,
the Notes, any of the Subject Mortgages, the Security Agreement or the
Financing Statements have been obtained or made, as applicable.
SECTION 26. Limited Waiver of Certain Defaults. Lenders hereby
waive (i) the Event of Default that occurred under Section 8.1.5 of the Credit
Agreement as a result of Borrower's
16
17
default under Section 9.1(c) of the John Hancock Note Agreement by Borrower's
exceeding its debt coverage under section 6.18, 7.1(g) and 7.1(h) of the John
Hancock Note Agreement for the period ending April 1, 1997, (ii) the Event of
Default resulting from the Eleven Million Dollars Borrowing Base Deficiency
existing as of May 1, 1996, but only insofar as such deficiency on such date is
concerned, (iii) the Event of Default resulting from noncompliance with clauses
(b) and (c) of Section 7.2.4 for the period ending on December 31, 1995, (iv)
the Event of Default under Section 7.1.7 of the Credit Agreement resulting from
Borrower's failure to deliver an environmental audit by March 1, 1995
(provided, however, Borrower shall execute and deliver to the Agent a duly
executed environmental questionnaire in substantially the form of Annex III on
or before August 15, 1996), and (v) the Event of Default resulting from
Borrower's failure to deliver an annual audit report for Fiscal Year 1995 and
Borrower's failure to deliver the compliance certificate described in Section
7.1.1(b) of the Credit Agreement with respect to Fiscal Year 1995, in each case
within the time frames therein specified; provided, however, that the Lenders
hereby waive (a) such noncompliance with Section 7.1.1(b) until the earlier of
two (2) days after filing such annual report and such compliance certificate
with the Securities and Exchange Commission or May 2, 1996 and (b) such
noncompliance with Section 7.1.7 of the Credit Agreement until August 15, 1996.
The foregoing notwithstanding, however, failure to deliver such annual audit
report and such compliance certificate within two (2) days of filing the same
with the Securities and Exchange Commission, but in no event later than May 2,
1996, and/or failure to deliver to the Agent a duly executed environmental
questionnaire as described above on or before August 15, 1996 shall constitute
an Event of Default under the Credit Agreement, as amended by the Second
Amendment. Except as noted in the immediately preceding sentence of this
Section 26, nothing contained in this Amendment shall be deemed to be a waiver
or abandonment of any rights or remedies available to the Lenders or the Agent
under the Credit Agreement, applicable law or otherwise nor a waiver of any
Default or Event of Default known or unknown, which may be currently existing
or which may occur in the future. The Agent and Lenders specifically reserve
all their rights and remedies including, without limitation, the right to
declare all Loans and other Obligations immediately due and payable with
respect to any Events of Default which have not been specifically waived
herein.
SECTION 27. Conditions Precedent; Effectiveness. The
effectiveness of this Amendment is conditioned upon receipt by the Agent on or
prior to April 30, 1996 of
(i) counterparts hereof duly executed and delivered by
the Borrower and each of the Lenders;
(ii) the Term Notes for the account of Lenders duly
executed and delivered by the Borrower;
17
18
(iii) counterparts of a Mortgage, Deed of Trust,
Assignment, Security Agreement and Financing Statement in form and
substance satisfactory to the Agent creating a Lien upon all Oil and
Gas Properties of the Borrower in each of Kansas, Texas, Oklahoma and
Arkansas (herein sometimes called the "Subject Mortgages") and of the
Security Agreement, each in form and substance satisfactory to the
Agent and each duly executed by the Borrower, together with duly
executed UCC-1 financing statements (the "Financing Statements")
evidencing Liens on substantially all personal property of the
Borrower and any other collateral documents required or desirable to
create a first priority perfected Lien (subject to the Permitted
Liens, as defined in the Security Agreement) in favor of the Secured
Parties on substantially all the Assets of the Borrower (provided that
such Liens may be pari passu with the liens securing the John Hancock
Notes,) in each case in form and substance satisfactory to the Agent
in its sole discretion, together with evidence of the completion (or
satisfactory arrangements for the completion) of all recordings and
filings of the Mortgages, the Security Agreement and the Financing
Statements as may be necessary or, in the reasonable opinion of the
Agent and Collateral Agent, desirable effectively to create a valid,
perfected first priority Lien (subject to the Permitted Liens, as
defined in the Security Agreement) against the properties purported to
be covered thereby (provided that such Liens may be pari passu with
the liens securing the John Hancock Notes); provided further that it
is understood that the property and Assets covered by the Liens in
this clause (iii) have a fair market value in the aggregate of such
property and Assets not in excess of $1,000,000;
(iv) an opinion of McAfee & Taft as counsel to the
Borrower in form and substance satisfactory to the Agent;
(v) an opinion from local counsel in each state where a
Subject Mortgage or the Security Agreement is to be filed, in form and
substance satisfactory to the Agent;
(vi) a duly executed consent of John Hancock Mutual Life
Insurance Company in form and substance satisfactory to the Agent to
the Liens on the real and personal property of the Borrower and its
Subsidiaries described in the Mortgages, the Security Agreement and
the Financing Statements in favor of the Collateral Agent for the
benefit of the Secured Parties and to all future such Liens as may be
required pursuant to the terms of the Credit Agreement as amended
hereby, and to all other transactions set forth herein, together with
copies of all Liens granted to secure the John Hancock Notes which
18
19
Liens shall be in form and substance satisfactory to the Agent, and an
intercreditor agreement in form and substance satisfactory to the
Agent duly executed and delivered by the owner and holder of the John
Hancock Notes;
(vii) a waiver in form and substance satisfactory to the
Agent duly executed by John Hancock Life Insurance Company of all
defaults and events of default under the John Hancock Notes or the
John Hancock Note Agreement;
(viii) a certificate of a Secretary or Assistant Secretary
of the Borrower in form and substance satisfactory to the Agent (A) as
to the resolutions of its Board of Directors then in full force and
effect authorizing the execution, delivery and performance of this
Amendment and the Subject Mortgages (B) as to its Articles of
Incorporation and By-laws, (C) as to the incumbency and signatures of
those of its officers authorized to act with respect to this Amendment
and the Subject Mortgages; and (D) that the Subject Mortgages, the
Security Agreement and the Financing Statements describe all the
Assets of the Borrower other than Assets having a fair market value in
the aggregate of all such Assets not in excess of $1,000,000;
(ix) payment of the fee described in Section 10 of the
Second Amendment and of all reimbursable costs and expenses of the
Lenders and the Agents including legal fees and charges billed prior
to April 30, 1996;
(x) all consents and approvals required for the granting
of the Liens covered by the Loan Documents and to the execution and
delivery of the Second Amendment, if any;
(xi) such other documents and certificates, if any, as the
Agent shall reasonably require; and
(xii) all conditions to a Borrowing shall have been
satisfied as of the date of the effectiveness of this Amendment.
SECTION 28. Effect of Amendment. This Amendment shall be deemed
to be an amendment to the Credit Agreement, and the Credit Agreement, as
amended hereby, is hereby ratified, approved and confirmed in each and every
respect. All references to the Credit Agreement in any other document,
instrument, agreement or writing shall hereafter be deemed to refer to the
Credit Agreement as amended hereby.
SECTION 29. Choice of Law; Severability. THIS AMENDMENT SHALL BE
A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF
19
20
THE STATE OF NEW YORK. Whenever possible each provision of this Amendment shall
be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Amendment shall be prohibited by or invalid
under applicable law, such provision shall be ineffective to the extent of such
prohibition or invalidity, without invalidating the remainder of such provision
or the remaining provisions of this Amendment.
SECTION 30. Counterpart Execution. This Amendment may be executed
in any number of counterparts, all of which taken together shall constitute one
and the same instrument, and any party hereto may execute this Amendment by
signing one or more counterparts.
SECTION 31 Binding Effect. This Amendment shall be binding upon
the Borrower, the Lenders, the Collateral Agent and the Agent and their
respective successors and assigns, and shall inure to the benefit of the
Borrower, the Lenders and the Agent and the successors and assigns of the
Lenders and the Agent.
SECTION 32. Entire Agreement. This Amendment, together with the
Credit Agreement and the other Loan Documents, constitutes the entire
understanding among the parties hereto with respect to the subject matter
hereof and supersedes any prior agreements, written or oral, with respect
thereto.
THIS WRITTEN AMENDMENT TOGETHER WITH THE CREDIT AGREEMENT AND THE
OTHER LOAN DOCUMENTS REPRESENTS THE FINAL AGREEMENT AMONG THE PARTIES AND MAY
NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT
AGREEMENTS OF THE PARTIES.
THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.
20
21
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their respective officers thereunto duly authorized as of the day
and year first above written, to be effective as of such date.
ALEXANDER ENERGY CORPORATION
By: /s/ DAVID E. GROSE
-----------------------------
David E. Grose
Title: Chief Financial Officer
and Vice President
CANADIAN IMPERIAL BANK OF COMMERCE,
acting through its New York Agency,
as Agent
By: /s/ MARYBETH ROSS
-------------------------------
Title: AUTHORIZED SIGNATURE
LENDER:
CIBC INC.
By: /s/ MARYBETH ROSS
-------------------------------
Title: AUTHORIZED SIGNATURE
COLLATERAL AGENT:
CIBC INC., as Collateral Agent
By: /s/ MARYBETH ROSS
-------------------------------
Title: AUTHORIZED SIGNATURE
Schedule I - Existing Subsidiaries
Annex I - EGOLF Sale Property Description
Annex II - Form of Term Note
Annex III - Environmental Questionnaire
21
22
SCHEDULE I
Item 6.8 (Subsidiaries)
State of
Incorporation Ownership Business
Name or Organization % Description
---- --------------- --------- -----------
Corporations
------------
1. Boomer Marketing Organization Oklahoma 100 marketing of oil and
gas production
Partnerships
------------
1. AEJH 1985 Limited Partnership Delaware Borrower is the oil and gas exploration
General Partner and development
2. AEJH 1987 Limited Partnership Delaware Borrower is the oil and gas exploration
General Partner and development
4. AEJH 1989 Limited Partnership Delaware Borrower is the oil and gas exploration
General Partner and development
23
EXHIBIT "A"
Well Location County State Operator
---- -------- ------ ----- --------
Abel 29-1 13N-5W:W/2 SW 29 Canadian OK AEC
Abel 29-2 13N-5W:E/2 SW 29 Canadian OK AEC
Allison 35-1 12N-20W: 35 Custer OK Apache
Allman 10-1 20N-15W: 10 Major OK Comanche
Ann 1-8 17N-7W: 6 Kingfisher OK Simcoe
Annis 19-1 12N-8W: 19 Canadian OK Milmac
Ashley 24-1 9N-2E: W/2 SW 24 Pottawatomie OK Leigh
Barbara 1 17N-7W:6 Kingfisher OK Simcoe
Barham 1-32 11N-21W: 32 Beckham OK AEC
Barr 35-2 18N-7W: 35 Kingfisher OK Simcoe
Baustert 31-1 14N-7W: SW 31 Canadian OK AEC
Bill 24-1 12N-19W: 24 Custer OK Anson
Binger Unit, East 10N-10W:19-21,28-30,33,34,10N-11W:24-25 Caddo OK Phillips Petr
Blodgett 28-2 5S-2W: SE 28 Carter OK Proven Reserves Mgmt
Boeckman 34-1 17N-7W: SW 34 Kingfisher OK AEC
Boeckman, Emil 17N-7W: S/2 SW 22 Kingfisher OK AEC
Boelte 2-1 12N-6W: SE SW2 Canadian OK AEC
Bollinger 1-16 11N-8W: 16 Canadian OK Mack Energy
Bollinger 31-1 11N-7W: E/2 31 Canadian OK Kerr-McGee
Bollman 30-1 15N-7W: SW 30 Kingfisher OK Ramco
Bomhoff 20-1 12N-7W: 20 Canadian OK Kerr McGee
Bomhoff 20-2 12N-7W: 20 Canadian OK Santa Fe
Bomhoff 20-3 12N-7W: 20 Canadian OK Santa Fe
Bomhoff 20-4 12N-7W: 20 Canadian OK AEC
Borden 33-1 18N-16W: 33 Dewey OK Cimarron
Bradshaw 33-1 16S-13W: N/2 33 Barton KS Nuss Oil
Bradshaw 33-2 16S-13W: N/2 33 Barton KS Tomlinson, S
Breath 13-1 1S-3W: NW SW 13 Carter OK AEC
Brindley 20-1 11N-5W: W/2 SW 20 Canadian OK AEC
Brindley 29-1 11N-5W: N/2 NW 29 Canadian OK AEC
Briscoe 1-29 13N-10W: 29 Canadian OK An-Son
Brooks 7-1 28N-22W: S/2 7 Harper OK Elder/Vaughn
Bules, Marvin 36-1 26N-6W: S/2 NE/4 36 Grant OK Golf, DC
Burmeier 22-1 12N-7W: 22 Canadian OK Kerr McGee
Burmeier 22-2 12N-7W: 22 Canadian OK Santa Fe
Carr 13-1 1S-3W: NE SW 13 Carter OK Dreyfus
Cary 10-2 11N-5W: NE SE 10 Canadian OK AEC
Cary 3-1 11N-5W: N/2 SE 3 Canadian OK AEC
Cary 3-2 11N-5W: N/2 SW 3 Canadian OK AEC
Cary 3-6 11N-5W: S/2 SE 3 Canadian OK AEC
Case 12-1 21N-15W: W/2 NW & NE NW 12 Major OK Clifton
Cashion B 11-1 12N-3W: SW 11 Oklahoma OK PetroCorp
Catron 13-1 15N-6W: S/2 NW 13 Kingfisher OK AEC
Well GWI Oil WI NRI Gas WI NRI OK ORI NRI Gas ORI NRI Reversion
---- --- ---------- ---------- ---------- ----------- ---------
Abel 29-1 0.81050000 0.58853593 0.58853593 0.02635310 0.02635310 No
Abel 29-2 0.58182530 0.44369550 0.44369550 0.00438980 0.00438980 No
Allison 35-1 0.00292772 0.00232180 0.00232180 No
Allman 10-1 0.03008000 0.02256000 0.02258000 No
Ann 1-8 0.24375000 0.19500000 0.19500000 No
Annis 19-1 0.02955564 0.02283230 0.02283230 No
Ashley 24-1 0.05200000 0.03937500 0.03937500 No
Barbara 1 0.11250000 0.09000000 0.09000000 Yes
Barham 1-32 0.21741381 0.16115968 0.16115966 Yes
Barr 35-2 0.26500000 0.21200000 0.21200000 No
Baustert 31-1 0.78387980 0.50757100 0.50757100 0.02000000 0.02000000 Yes
Bill 24-1 0.05000000 0.03912500 0.03912500 No
Binger Unit, East 0.00079050 0.00058522 0.00057199 No
Blodgett 28-2 0.00509018 0.00409305 0.00409305 No
Boeckman 34-1 0.38145730 0.32185540 0.32185565 No
Boeckman, Emil 1.00000000 0.87500000 0.87500000 No
Boelte 2-1 0.93555558 0.80084550 0.80084550 No
Bollinger 1-16 0.15929472 0.13900020 0.13900020 No
Bollinger 31-1 0.03135500 0.02400599 0.02400599 No
Bollman 30-1 0.09329800 0.08163600 0.08163600 No
Bomhoff 20-1 0.19432495 0.15190081 0.15190081 No
Bomhoff 20-2 0.14307496 0.11407920 0.11407920 0.00001810 0.00001810 No
Bomhoff 20-3 0.13145025 0.10554900 0.10554900 No
Bomhoff 20-4 0.70685523 0.54872650 0.54872650 No
Borden 33-1 0.02471400 0.01853500 0.01853500 0.00146480 0.00146480 No
Bradshaw 33-1 0.00022310 0.00022310 No
Bradshaw 33-2 0.00356891 0.00312280 0.00312280 No
Breath 13-1 0.78354140 0.61546700 0.61546700 No
Brindley 20-1 0.73133330 0.51544885 0.51544885 0.04400130 0.04400130 No
Brindley 29-1 0.76062500 0.52875000 0.52875000 0.04436290 0.04436290 No
Briscoe 1-29 0.23131660 0.18515030 0.18515030 Yes
Brooks 7-1 0.09356800 0.08187200 0.08187200 No
Bules, Marvin 36-1 0.10000000 0.07967700 No
Burmeier 22-1 0.06260000 0.05078120 0.05078120 No
Burmeier 22-2 0.01562500 0.01562500 Yes
Carr 13-1 0.48091706 0.37993860 0.37993860 No
Cary 10-2 0.23500000 0.19093745 0.19093745 No
Cary 3-1 0.40062500 0.30098070 0.30098070 0.02249140 0.02249140 No
Cary 3-2 0.27000000 0.20550000 0.20250000 No
Cary 3-6 0.48750000 0.36562500 0.36562500 0.00230000 0.00230000 No
Case 12-1 0.03125000 0.02583500 0.02563500 No
Cashion B 11-1 0.00624862 0.00506463 0.00506463 Yes
Catron 13-1 0.91500000 0.70755353 0.70755343 0.00008298 0.00008298 No
24
<Caption
Well APO GWI APO Oil NRI APO Gas NRI APO Oil ORI APO Gas ORI APO-NC GWI APO-NC Oil NRI APO-NC Gas NRI
- ---- ---------- ----------- ----------- ----------- ----------- ---------- -------------- --------------
Abel 29-1
Abel 29-2
Allison 35-1
Allman 10-1
Ann 1-8
Annis 19-1
Ashley 24-1
Barbara 1
Barham 1-32 0.10824500 0.08265372 0.08265372 0.14869570 0.11030822 0.11030822
Barr 35-2
Baustert 31-1 0.48992488 0.38431195 0.38431195 0.01250001 0.01250001
Bill 24-1
Binger Unit, East
Blodgett 28-2
Boeckman 34-1
Boeckman, Emil
Boelte 2-1
Bollinger 1-16
Bollinger 31-1
Bollman 30-1
Bomhoff 20-1
Bomhoff 20-2
Bomhoff 20-3
Bomhoff 20-4
Borden 33-1
Bradshaw 33-1
Bradshaw 33-2
Breath 13-1
Brindley 20-1
Brindley 29-1
Briscoe 1-29 0.23131660 0.18515030 0.18515030 0.18750000 0.15000000 0.15000000
Brooks 7-1
Bules, Marvin 36-1
Burmeier 22-1
Burmeier 22-2 0.06260000 0.05070000 0.05070000 0.03125000 0.03125000
Carr 13-1
Cary 10-2
Cary 3-1
Cary 3-2
Cary 3-6
Case 12-1
Cashion B 11-1 0.00624862 0.00506463 0.00506463 0.00587730 0.00477535 0.00477535
Catron 13-1
Well APO-NC Oil ORI APO-NC Gas ORI Remarks
---- -------------- -------------- -------------
Abel 29-1
Abel 29-2
Allison 35-1
Allman 10-1
Ann 1-8
Annis 19-1
Ashley 24-1
Barbara 1
Barham 1-32
Barr 35-2
Baustert 31-1
Bill 24-1
Binger Unit, East
Blodgett 28-2
Boeckman 34-1
Boeckman, Emil
Boelte 2-1
Bollinger 1-16
Bollinger 31-1
Bollman 30-1
Bomhoff 20-1
Bomhoff 20-2
Bomhoff 20-3
Bomhoff 20-4
Borden 33-1
Bradshaw 33-1
Bradshaw 33-2
Breath 13-1
Brindley 20-1
Brindley 29-1
Briscoe 1-29
Brooks 7-1
Bules, Marvin 36-1
Burmeier 22-1
Burmeier 22-2
Carr 13-1
Cary 10-2
Cary 3-1
Cary 3-2
Cary 3-6
Case 12-1
Cashion B 11-1
Catron 13-1
25
Well Location County State Operator
---- -------- ------ ----- --------
Celsor 10-1 8N-20W:10 Washita OK Samson Res
Celsor 10-2 8N-20W:10 Washita OK Samson Res
Cimarron 17N-6W:23 Kingfisher OK Simcoe
Clinton 31-13 12N-16W:31 Custer OK SMR Prop.
Clouse 5-2 12N-7W:5 Canadian OK AEC
Clouse 5-3 12N-7W:5 Canadian OK AEC
Coop 32-A 25N-21W:32 Harper OK Samson Res
Cooper 32-A 25N-21W:32 Harper OK Ricks Explo
Cude 28-1 5S-2W:NW 28 Carter OK Dreyfus,L
Daniel 23-1 7S-5E:23 Marshall OK Marshall Oil Corp.
Deathridge 16-1 13N-7W:16 Canadian OK Mack Energy
Deathridge 16-2 aka 16-1 13N-7W:16 Canadian OK Mack Energy
Dona 1 18N-7W:35 Kingfisher OK Simcoe
Dow 24-1 20N-15W:E/2 SE 24 Major OK AEC
Drake 4-1 18N-20W:4 Dewey OK Warren Corp
Dudley 27-1 5S-2W:SE 27 Carter OK Dreyfus,L
Dugger 18-1 13N-20W:18 Custer OK Anadarko
Dunn 11-1 6N-7W:11 Grady OK Kaiser-Francis Oil C
Elmenhorst 33-1 12N-7W:33 Canadian OK AEC
Elmenhorst 34-1 12N-8W:34 Canadian OK Kerr-McGee
England 22-1 13N-8W:22 Canadian OK SMR
Erwin 2-1 7N-8W:2 Grady OK Kaiser-Francis Oil C
Essary 13-1 12N-7W:13 Canadian OK AEC
Evans 18-1 12N-6W:18 Canadian OK AEC
Evans 18-2 12N-6W:18 Canadian OK AEC
Forman 20-1 11N-5W:E/2 SW 20 Canadian OK AEC
Franklin 13-1 1S-3W:SE SW 13 Carter OK AEC
Gamble 1-3 11N-6W:NW 3 Canadian OK AEC
Gore 10-1 16N-18W:10 Dewey OK Gore, Gail B.
Groenwald 18-1 18N-8W:W/2 NW 18 Kingfisher OK AEC
Hall 29-3 21N-10W:29 Major OK Champlin
Harris 19-1 1S-5W:W/2 SW 19 Stephens OK AEC
Harris 30-2 1S-5W:W/2 NW 30 Stephens OK AEC
Hayter 31-1 10N-8W:31 Grady OK Apache
Hendricks 20-1 11N-6W:20 Canadian OK Universal
Hinton 28-2 12N-6W:28 Canadian OK AEC
Hinton 28-3 12N-6W:28 Canadian OK Crabtree, J
Hixon A1 19N-21W:30 Ellis OK OXY USA
Hobbs, Rodney Unit 17N-7W:N/2 SW 22 Kingfisher OK AEC
Hoisington 30-1 21N-9W:E/2 SW 30 Major OK AEC
Holder 14-4 18N-16W: E/2 NE 14 Dewey OK AEC
Horne 9-1 12N-6W:9 Canadian OK Continental
Hostutler 35-1 18N-14W:S/2 NE 35 Dewey OK Universal
Well GWI Oil WI NRI Gas WI NRI Oil ORI NRI Gas ORI NRI Reversion
---- --- ---------- ----------- ----------- ----------- ---------
Celsor 10-1 0.02499140 0.01988388 0.01988388 No
Celsor 10-2 0.03792670 0.03008540 0.03008540 Yes
Cimarron 0.20000000 0.16000000 0.16000000 No
Clinton 31-13 0.24698789 0.19525184 0.19525184 Yes
Clouse 5-2 0.94109170 0.72698041 0.72701771 0.00027420 0.00027420 No
Clouse 5-3 0.94109160 0.74084151 0.74084151 0.00027420 0.00027420 No
Coop 32-A 0.00939385 0.00939385 No
Cooper 32-A 0.00058470 0.00058470 No
Cude 28-1 0.00352290 0.00275414 0.00275414 No
Daniel 23-1 0.08854200 0.07747390 0.07747390 No
Deathridge 16-1 0.00280710 0.00245620 0.00245620 No
Deathridge 16-2 aka 16-1 0.00280710 0.00245620 0.00245620 No
Dona 1 0.01000000 0.00800000 0.00800000 No
Dow 24-1 0.64833000 0.49574750 0.49574750 0.07595320 0.07595320 No
Drake 4-1 0.02481860 0.02065296 0.01958960 No
Dudley 27-1 0.01839838 0.01496780 0.01496780 No
Dugger 18-1 0.01552900 0.01149150 Yes
Dunn 11-1 No
Elmenhorst 33-1 0.64307752 0.48857270 0.48857270 Yes
Elmenhorst 34-1 0.01234620 0.00949640 0.00949640 No
England 22-1 0.00002360 0.00002360 No
Erwin 2-1 No
Essary 13-1 0.68461466 0.54288106 0.54288106 Yes
Evans 18-1 0.48365509 0.36265269 0.36265269 Yes
Evans 18-2 0.29655157 0.22235930 0.22235930 Yes
Forman 20-1 0.80209710 0.56143190 0.56143190 0.02784790 0.02784790 No
Franklin 13-1 0.36143536 0.28233900 0.28233900 Yes
Gamble 1-3 0.56790741 0.42593055 0.42593060 0.06250000 0.06250000 Yes
Gore 10-1 0.00141386 0.00105690 0.00105690 No
Groenwald 18-1 0.38291665 0.30750495 0.30750495 0.00087785 0.00087785 No
Hall 29-3 0.02625000 0.02201980 0.02201980 No
Harris 19-1 0.14830920 0.11586660 0.11586660 No
Harris 30-2 0.05909431 0.04616742 0.04616742 No
Hayter 31-1 0.01190200 0.01041400 0.01041400 No
Hendricks 20-1 0.10575000 0.08142760 0.08142760 No
Hinton 28-2 0.91884177 0.70469926 0.70469926 0.00011854 0.00011854 Yes
Hinton 28-3 0.44361329 0.38803950 0.38803950 No
Hixon A1 0.00068500 0.00059900 0.00059900 No
Hobbs, Rodney Unit 1.00000000 0.85937500 No
Hoisington 30-1 0.48972715 0.37873460 0.37873460 0.00586500 0.00586500 No
Holder 14-4 0.39580000 0.29680000 0.29680000 Yes
Horne 9-1 0.12183800 0.10661000 0.10661000 No
Hostutler 35-1 0.02272780 0.01818230 0.01818230 No
26
Well APO GWI APO Oil NRI APO Gas NRI APO Oil ORI APO Gas ORI
---- --------- ------------- ------------- ------------- -------------
Celsor 10-1
Celsor 10-2 0.03768520 0.02997890 0.02997890
Cimarron
Clinton 31-13 0.24129407 0.19147800 0.19147800
Clouse 5-2
Clouse 5-3
Coop 32-A
Cooper 32-A
Cude 28-1
Daniel 23-1
Deathridge 16-1
Deathridge 16-2 aka 16-1
Dona 1
Dow 24-1
Drake 4-1
Dudley 27-1
Dugger 18-1 0.00772940 0.00586130
Dunn 11-1
Elmenhorst 33-1 0.60623773 0.47549421 0.47549421
Elmenhorst 34-1
England 22-1
Erwin 2-1
Essary 13-1
Evans 18-1
Evans 18-2 0.22241368 0.19626625 0.19626625
Forman 20-1
Franklin 13-1 0.36143536 0.28233900 0.28233900
Gamble 1-3 0.67593056 0.54919357 0.54919357
Gore 10-1
Groenwald 18-1
Hall 29-3
Harris 19-1
Harris 30-2
Hayter 31-1
Hendricks 20-1
Hinton 28-2 0.72115382 0.63056628 0.63056628 0.00011854 0.00011854
Hinton 28-3
Hixon A1
Hobbs. Rodney Unit
Hoisington 30-1
Holder 14-4 0.34632500 0.26542350 0.26542350
Home 9-1
Hostutler 35-1
Well APO-NC GWI APO-NC Oil NRI APO-NC Gas NRI APO-NC Oil ORI APO-NC Gas ORI Remarks
---- ---------- -------------- -------------- -------------- -------------- -------
Celsor 10-1
Celsor 10-2 0.03470160 0.02760920 0.02760920
Cimarron
Clinton 31-13 0.24063354 0.19094133 0.19094133
Clouse 5-2
Clouse 5-3
Coop 32-A
Cooper 32-A
Cude 28-1
Daniel 23-1
Deathridge 16-1
Deathridge 16-2 aka 16-1
Dona 1
Dow 24-1
Drake 4-1
Dudley 27-1
Dugger 18-1 0.01164670 0.00861860
Dunn 11-1
Elmenhorst 33-1
Elmenhorst 34-1
England 22-1
Erwin 2-1
Essary 13-1
Evans 18-1
Evans 18-2
Forman 20-1
Franklin 13-1 0.31678496 0.24746213 0.24746213
Gamble 1-3
Gore 10-1
Groenwald 18-1
Hall 29-3
Harris 19-1
Harris 30-2
Hayter 31-1
Hendricks 20-1
Hinton 28-2 0.45280893 0.39595272 0.39595272 0.00011854 0.00011854
Hinton 28-3
Hixon A1
Hobbs. Rodney Unit
Hoisington 30-1
Holder 14-4
Home 9-1
Hostutler 35-1
27
Well Location County State Operator GWI
- ---------------------------------------------------------------------------------------------------------------------------
House 20-1 11N-10W:20 Canadian OK Vintage 0.00328211
Howerton 32-1 20N-12W:32 Major/Blaine OK AEC 0.91062500
Hrdy 23-1 13N-7W:23 Canadian OK Mack 0.00108000
Hunt 13-1 13N-7W:NW 13 Canadian OK Mack
Hunt 32-2 13N-7W:32 Canadian OK AEC 0.88170310
Hurst 28-1 12N-6W:28 Canadian OK Crabtree, J 0.43798830
Hurst 28-2 12N-6W:28 Canadian OK Crabtree, J 0.53017579
I.R.C. 14-1 21N-15W:NW 14 Major OK Courtney, W 0.50000000
Inselman A-1 16N-23W:3 Ellis OK Kaiser-Francis 0.10613600
Jacobs 18-1 14N-6W:SW 18 Canadian OK AEC 0.89893958
Janet 25-1 17N-6W:25 Kingfisher OK Simcoe 0.11000000
Jarvis 10-1 10N-23W:10 Beckham OK Samson 0.01025400
Jean Marie 1 18N-7W:35 Kingfisher OK Simcoe 0.26500000
Jennings 4-1 8N-10W:4 Caddo OK Hall 0.00249960
Jensen 28-1 12N-7W:28 Canadian OK AEC 0.73117504
Jensen 28-2 12N-7W:28 Canadian OK AEC 0.45116293
Jensen 28-4 12N-7W:28 Canadian OK AEC 0.35440978
Jones, Fred 35-1 12N-5W:S/2 SE 35 Canadian OK AEC 0.37875000
Juanita 1 18N-7W:18 Kingfisher OK Simcoe 0.05000000
Keith 34-1 5S-2W:W/2 NE 34 Carter OK Dreyfus, Louis 0.03133334
Kenny 4A 15N-20W:15 Custer OK Sonat
Kent-5-4 11N-22W:5 Beckham OK Meridian Res. 0.00513300
Kilhoffer 21-1 10N-20W:21, E/2 20, SE 17, S/2 16 Washita OK Meridian
Kincaid 22-1 15N-17W:22 Custer OK Ward 0.00102728
Kitty 1-14 17N-6W:14 Kingfisher OK Simcoe 0.03125000
Kortemeir 9-1 12N-6W:9 Canadian OK Continential 0.12183770
Kouba 24-1 12N-6W:E/2 SE 24 Canadian OK AEC 0.59237500
Kouba 24-2 12N-6W:W/2 SE 24 Canadian OK AEC 0.56612500
Kruger, N.J. 15-2 13N-6W:15 Canadian OK Dreyfus, L 0.02693719
Kunneman 30-1 14N-7W:NE 30 Canadian OK Summit 0.05060470
LaBahn 13-1 12N-7W:13 Canadian OK OTC 0.30599220
Lanman 12-1 13N-8W:12 Canadian OK AEC 0.64285341
Lanman 12-2 13N-8W:12 Canadian OK Santa Fe Min
Lanman 12-3 13N-8W:12 Canadian OK AEC 0.79574240
Lanman 12-4 13N-8W:12 Canadian OK Santa Fe M
Laub 21-1 13N-8W:21 Canadian OK Unit
Lawler 1 16N-8W:8 Kingfisher OK Simcoe 0.06250000
Lester 29-1 8N-5W:29 Grady OK Apache 0.01817700
Letha 4-3 18N-3W:SW NW 4 Logan OK AEC 0.93750000
Leuszler 32-1 13N-5W:E/2 NW 32 Canadian OK AEC 0.53550000
Levan Estate 31-1 12N-8W:31 Canadian OK AEC 1.00000000
Linda 19-1 20N-1W:NW 19 Noble OK Leigh 0.05950000
Lisa 17N-7W:5 Kingfisher OK Simcoe 0.13125000
Well Oil WI NRI Gas WI NRI Oil ORI NRI Gas ORI NRI Reversion
- -----------------------------------------------------------------------------------------------------------
House 20-1 0.00246159 0.00246159 No
Howerton 32-1 0.74156270 0.74156270 0.02675840 0.02675840 No
Hrdy 23-1 0.00094502 0.00094502 No
Hunt 13-1 0.00005070 0.00010140 No
Hunt 32-2 0.67537310 0.67537310 0.00018800 0.00018800 No
Hurst 28-1 0.38311770 0.38311770 No
Hurst 28-2 0.41142090 0.41142090 No
I.R.C. 14-1 0.03812500 0.03812500 No
Inselman A-1 0.08286900 0.09288900 No
Jacobs 18-1 0.69665439 0.69665439 Yes
Janet 25-1 0.08800000 0.08800000 No
Jarvis 10-1 0.00738300 0.00738300 No
Jean Marie 1 0.21200000 0.21200000 No
Jennings 4-1 0.00194201 0.00194201 No
Jensen 28-1 0.58920010 0.58920010 Yes
Jensen 28-2 0.33769460 0.33769460 0.03785400 0.03785400 Yes
Jensen 28-4 0.26247971 0.29247971 0.03785400 0.03785400 Yes
Jones, Fred 35-1 0.29542500 0.29542500 No
Juanita 1 0.03750000 0.03750000 No
Keith 34-1 0.02406300 0.02406300 No
Kenny 4A Yes
Kent-5-4 0.00449200 0.00449200 No
Kilhoffer 21-1 Yes
Kincaid 22-1 0.00079354 0.00079354 No
Kitty 1-14 0.02343750 0.02343750 No
Kortemeir 9-1 0.10661000 0.10661000 No
Kouba 24-1 0.48130369 0.48130369 No
Kouba 24-2 0.45997850 0.45997650 No
Kruger, N.J. 15-2 0.02154975 0.02154975 No
Kunneman 30-1 0.03795350 0.03795350 Yes
LaBahn 13-1 0.22949415 0.22949415 Yes
Lanman 12-1 0.50903709 0.50903709 0.00026040 0.00026040 No
Lanman 12-2 0.00026041 0.00026041 No
Lanman 12-3 0.62016539 0.62016539 0.00026041 0.00026041 No
Lanman 12-4 0.00026040 0.00026040 No
Laub 21-1 0.00012920 0.00012920 No
Lawler 1 0.04687500 0.04687500 No
Lester 29-1 0.01476900 0.01476900 No
Letha 4-3 0.76699220 0.76699220 0.05687500 0.05687500 No
Leuszler 32-1 0.41875480 0.41875480 No
Levan Estate 31-1 0.78130479 0.78130479 No
Linda 19-1 0.04760000 0.04760000 No
Lisa 0.10368750 0.10368750 No
28
Well APO GWI APO Oil NRI APO Gas NRI APO Oil ORI APO Gas ORI
---- -------- ----------- ----------- ----------- -----------
House 20-1
Howerton 32-1
Hrdy 23-1
Hunt 13-1
Hunt 32-2
Hurst 28-1
Hurst 28-2
I.R.C. 14-1
Inselman A-1
Jacobs 18-1 0.89893958 0.69665439 0.69665439
Janet 25-1
Jarvis 10-1
Jean Marie 1
Jennings 4-1
Jensen 28-1 0.73117504 0.58920010 0.58920010
Jensen 28-2 0.50426321 0.40915872 0.40915872
Jensen 28-4 0.42859507 0.34751189 0.34751189
Jones, Fred 35-1
Juanita 1
Keith 34-1
Kenny 4A 0.01562500 0.01263100 0.01263100
Keni 5-4
Kilhoffer 21-1
Kincaid 22-1
Kitty 1-14
Kortemeir 9-1
Kouba 24-1
Kouba 24-2
Kruger, N.J. 15-2
Kunneman 30-1 0.03162790 0.02767444
LaBahn 13-1 0.22949414 0.19428248 0.19428248
Lanman 12-1
Lanman 12-2
Lanman 12-3
Lanman 12-4
Laub 21-1
Lawler 1
Lester 29-1
Letha 4-3
Leuszler 32-1
Levan Estate 31-1
Linda 19-1
Lisa
Well APO-NC GWI APO-NC Oil NRI APO-NC Gas NRI APO-NC Oil ORI APO-NC Gas ORI Remarks
---- ----------- -------------- -------------- -------------- -------------- -------
House 20-1
Howerton 32-1
Hrdy 23-1
Hunt 13-1
Hunt 32-2
Hurst 28-1
Hurst 28-2
I.R.C. 14-1
Inselman A-1
Jacobs 18-1 0.88191518 0.68347428 0.68347428
Janet 25-1
Jarvis 10-1
Jean Marie 1
Jennings 4-1
Jensen 28-1 0.61405760 0.49233370 0.49233370
Jensen 28-2 0.49722437 0.40347673 0.40347673
Jensen 28-4
Jones, Fred 35-1
Juanita 1
Keith 34-1
Kenny 4A
Keni 5-4
Kilhoffer 21-1 0.00445630 0.00385470 0.00385470
Kincaid 22-1
Kitty 1-14
Kortemeir 9-1
Kouba 24-1
Kouba 24-2
Kruger, N.J. 15-2
Kunneman 30-1
LaBahn 13-1
Lanman 12-1
Lanman 12-2
Lanman 12-3
Lanman 12-4
Laub 21-1
Lawler 1
Lester 29-1
Letha 4-3
Leuszler 32-1
Levan Estate 31-1
Linda 19-1
Lisa
29
Well Location County State Operator GWI Oil WI NRI
---- -------------------------- ----------- ----- --------------- ---------- ----------
Loosen 1-14 12N-8W: 14 Canadian OK United 0.00701103 0.00525800
Lowery 35-1 17N-7W: W/2 SW 35 Kingfisher OK NBI 0.18750000 0.15893600
Ludwig 20-1 14N-7W: SW 20 Canadian OK AEC 0.41618639 0.35306458
Ludwig 28-2 14N-7W: SE 28 Canadian OK AEC 0.64700000 0.47251650
Maggard 23-1 9N-11W: 23 Caddo OK Walsh, FH Jr. 0.00226082 0.00169526
Majer 9-1 12N-5W:9 Canadian OK Singer, C 0.50000000 0.43750000
Manning 29-1 12N-6W: 29 Canadian OK AEC 0.91785297 0.69688638
Marshall 9-1 8N-6W: 9 Grady OK Payne, W.C. 0.12500000 0.10420410
Mary 6-1 7N-9W: 6 Caddo OK Apache 0.00234710 0.00176450
Matti, F.32-2 16N-8W: W/2 SE 32 Kingfisher OK United 0.02958535 0.02426923
Mattie 6-1 15N-8W: E/2 NW 6 Kingfisher OK AEC 0.98251370 0.80596850
Max A 14-1 17N-8W: 14 Kingfisher OK Cummings 0.24000000 0.19200000
Mayes 17N-7W: 22 Kingfisher OK Simcoe 0.47000000 0.35250000
McAlister, Sena 23-1 10N-19W: 23 Washita OK EP Operating 0.01144578 0.00923380
Merrick 10-1 12N-22W: 10 Roger Mills OK Nadel & Gussman 0.02005334
Meyer 28-1 14N-7W: NW 28 Canadian OK AEC 0.62900000 0.45175000
Meyers 35-1 12N-8W: 35 Canadian OK Bogo Energy 0.37500000 0.28987794
Miller 9-1 13N-8W: 9 Canadian OK SMR 0.18386540 0.13789900
Mitchell 29-1 12N-5W: W/2 SE 29 Canadian OK Ramsey 0.41982680 0.32104690
Monson 35-2 5S-2W: E/2 SW 35 Carter OK Dreyfus, Louis 0.03970560 0.02983261
Monson 35-3 5S-2W: W/2 NE 35 Carter OK Dreyfus, Louis 0.01402205 0.01079040
Montgomery 14-1 12N-6W: W/2 NW 14 Canadian OK PNG 0.24233300 0.19689600
MPI 35-1 12N-5W: N/2 SE 35 Canadian OK AEC 0.91189700 0.69658730
Munkres 18-1 21N-9W: E/2 NW 18 Major OK Continental 0.43045000 0.34833350
Myers 22-1 15N-17W: 22 Custer OK Tepee Petro 0.05309144 0.04101317
Nicek 13-1 12N-7W: 13 Canadian OK AEC 0.76932268 0.61166880
Novotny 15-1 8N-8W: 15 Grady OK Kaiser-Francis 0.03125001 0.02563499
Oxley 11-1 22N-12W: 11 Major OK Dreyfus, Louis
Pazourek 29-1 13N-5W: W/2 SE 29 Canadian OK AEC 0.42000000 0.29717260
Pendley 1-4 3N-7W: 4 Grady OK Anson 0.00105580 0.00084460
Perigo 18N-8W: 13 Kingfisher OK Simcoe 0.08125000 0.06093750
Petree 8-1 11N-5W: N/2 NE 8 Canadian OK AEC 0.45281530 0.34058030
Pettigrew "B" 10-1 11N-7W: 10 Canadian OK Bogo 0.01691791 0.01268843
Piatt 15-1 14N-6W: N/2 NE 15 Canadian OK AEC 0.94531250 0.68957020
Pospisil 29-1 12N-6W: 29 Canadian OK AEC 0.85582199 0.68483527
Ratzlaff 34-1 20N-13W: 34 Major OK AEC 0.58808200 0.43807390
Reding 20-1 13N-8W: 20 Canadian OK AEC 0.44786228 0.33934970
Riedel 2 13S-19W: E/2 NW & N/2 NE 31 Ellis KS Tomlinson, S 0.00535340 0.00468420
Riekenberg-McKay 20-1 11N-10W: 20 Canadian OK Andrmn/Smith 0.00315790 0.00276311
Riekenberg-McKay 20-2 11N-10W: 20 Canadian OK Andrmn/Smith
Rouse, W.T. 1 10N-19W: 23 Washita OK EP 0.00408980 0.00315423
Royce, Ralph 17-1 13N-8W: N/2 SW 17 Canadian OK Marathon 0.22321950 0.18834142
Well Gas WI NRI Oil ORI NRI Gas ORI NRI Reversion
---- ---------- ----------- ----------- ---------
Loosen 1-14 0.00525800 0.00195312 0.00195312 No
Lowery 35-1 0.15893600 No
Ludwig 20-1 0.35306458 0.01923660 0.01923660 No
Ludwig 28-2 0.47251850 0.01992250 0.01992250 Yes
Maggard 23-1 0.00169526 No
Majer 9-1 0.43750000 No
Manning 29-1 0.69688638 Yes
Marshall 9-1 0.10420410 No
Mary 6-1 0.00176450 Yes
Matti, F.32-2 0.02426923 No
Mattie 6-1 0.80596850 No
Max A 14-1 0.19200000 No
Mayes 0.35250000 No
McAlister, Sena 23-1 0.00923380 Yes
Merrick 10-1 0.01483950 No
Meyer 28-1 0.45175000 0.02000000 0.02000000 Yes
Meyers 35-1 0.28987794 No
Miller 9-1 0.13789900 Yes
Mitchell 29-1 0.32104690 No
Monson 35-2 0.02983261 No
Monson 35-3 0.01079040 No
MOntgomery 14-1 0.19689600 No
MPI 35-1 0.69658730 0.00479510 0.00479510 No
Munkres 18-1 0.34833350 No
Myers 22-1 0.04101317 No
Nicek 13-1 0.61166880 Yes
Novotny 15-1 0.02563499 No
Oxley 11-1 Yes
Pazourek 29-1 0.29717260 0.00572790 0.00572790 No
Pendley 1-4 0.00084460 Yes
Perigo 0.06093750 No
Petree 8-1 0.34058030 0.01938560 0.01938560 No
Pettigrew "B" 10-1 0.01268843 0.01562500 0.01562500 Yes
Piatt 15-1 0.68957010 No
Pospisil 29-1 0.68483527 Yes
Ratzlaff 34-1 0.43807390 0.05340620 0.05340620 No
Reding 20-1 0.33934970 No
Riedel 2 0.00468420 No
Riekenberg-McKay 20-1 0.00276311 No
Riekenberg-McKay 20-2 Yes
Rouse, W.T. 1 0.00315423 No
Royce, Ralph 17-1 0.18834142 No
30
[CAPTION]
Well APO GWI APO Oil NRI Apo Gas NRI APO Oil ORI APO Gas ORI APO-NC GWI
- -------------------------------------------------------------------------------------------------------------------
Loosen 1-14
Lowery 35-1
Ludwig 20-1
Ludwig 28-2 0.48587700 0.31846649 0.31846649 0.01992250 0.01992250
Maggard 23-1
Maier 9-1
Manning 29-1 0.77288307 0.64299141 0.64299141 0.77865973
Marshall 9-1
Mary 6-1 0.00214973 0.00161230 0.00161230
Matti, F.32-2
Mattie 6-1
Max A 14-1
Mayes
McAlister, Sena 23-1 0.01144578 0.00923380 0.00923380 0.00575270
Merrick 10-1
Meyer 28-1 0.47175000 0.40334624 0.40334624 0.02000000 0.02000000
Meyers 35-1
Miller 9-1 0.13788190 0.11349750 0.11349750
Mitchell 29-1
Monson 35-2
Monson 35-3
Montgomery 14-1
MPI 35-1
Munkres 18-1
Myers 22-1
Nicek 13-1 0.76932268 0.61166880 0.61166880 0.69816398
Novotny 15-1
Oxley 11-1 0.06439400 0.05634500 0.05634500
Pazourek 29-1
Pendley 1-4 0.00105580 0.00084460 0.00084460 0.01469750
Perigo
Petree 8-1
Pettigrew "B" 10-1 0.07518843 0.06109060 0.06109060
Piatt 15-1
Pospisil 29-1 0.72780397 0.63682815 0.63682815
Ratziaff 34-1
Reding 20-1
Riedel 2
Riekenberg-McKay 20-1
Riekenberg-McKay 20-2 0.00199876
Rouse, W.T. 1
Royce, Ralph 17-1
[CAPTION]
Well APO-NC Oil NRI APO-NC Gas NRI Apo-NC Oil ORI APO-NC Gas ORI Remarks
- -------------------------------------------------------------------------------------------------------------------
Loosen 1-14
Lowery 35-1
Ludwig 20-1
Ludwig 28-2
Maggard 23-1
Maier 9-1
Manning 29-1 0.64804606 0.64804606
Marshall 9-1
Mary 6-1
Matti, F.32-2
Mattie 6-1
Max A 14-1
Mayes
McAlister, Sena 23-1 0.00443677 0.00443677
Merrick 10-1
Meyer 28-1
Meyers 35-1
Miller 9-1
Mitchell 29-1
Monson 35-2
Monson 35-3
Montgomery 14-1
MPI 35-1
Munkres 18-1
Myers 22-1
Nicek 13-1 0.55388384 0.55388384
Novotny 15-1
Oxley 11-1
Pazourek 29-1
Pendley 1-4 0.01175799 0.01175799
Perigo
Petree 8-1
Pettigrew "B" 10-1
Piatt 15-1
Pospisil 29-1
Ratziaff 34-1
Reding 20-1
Riedel 2
Riekenberg-McKay 20-1
Riekenberg-McKay 20-2 0.00174891 0.00174891
Rouse, W.T. 1
Royce, Ralph 17-1
31
Well Location County State Operator GWI
- ---------------------------------------------------------------------------------------------------------------------------
Rubes 28-4 12N-6W:28 Canadian OK AEC 0.44361630
Schein 2-9 & 3-9 12N-5W:W/2 NE 9 Canadian OK Singer, C 0.50000000
Schein 9-1 12N-5W:NW 9 Canadian OK Singer, C 0.50000000
Schellstede 14-2 13N-6W:W/2 SE 14 Canadian OK AEC 0.79166000
Schimmels 13-1 13N-8W:13 Canadian OK Laguna
Schimmels A 17N-8W:14 Kingfisher OK Cummings 0.24000000
Schlect C 24-1 12N-8W:24 Canadian OK Lu-Ray 0.00986178
Schulte A 15-2 13N-6W:SW 15 Canadian OK AEC 1.00000000
Scott 23-2 14N-7W:NE 23 Canadian OK AEC 0.77120500
Shaller Trust 7-1 14N-24W:7 Roger Mills OK Samson Res 0.00285730
Shannon 2 18N-7W:W/2 NE 35 Kingfisher OK AEC 0.98437500
Shook-Boyd 12N-6W:14 Canadian OK PNG 0.16075000
Siegfried 20-1 11N-7W:20 Canadian OK Bristol 0.01795810
Siegrist 9-2 13N-7W:9 Canadian OK Bristol 0.00616909
Sican 20-1 5S-2W:NE 20 Carter OK Dreyfus, Louis 0.01275250
Smith, C.C. 32-1 25N-21W:32 Harper OK BRG 0.01298790
Smith, L S. 8-1 16N-22W:E/2 SW 9 Roger Mills OK AEC 0.84875000
Spear 8-1 13N-8W:8 Canadian OK Samedan 0.17555060
Stafford 13-1 12N-7W:13 Canadian OK AEC 0.95572415
State 2-36 13N-17W:36 Custer OK Kaiser-Francis
State 29-1 14N-5E:29 Lincoln OK AEC 0.40841000
State 36-1 11N-4W:NW 36 Oklahoma OK Marathon 0.50098238
Steifferman 20-1 14N-7W:SE 20 Canadian OK Summit 0.01139063
Sweet 21-1 10N-24W:21 Beckham OK Samson 0.00904872
Tech 8-1 14N-9W:6 Canadian OK AEC 0.69666280
Thumond, Jimmie 1-1 22N-24W:1 Ellis OK PNG Operating Compa 0.00360639
TLS 1 18N-7W:32 Kingfisher OK Simcoe 0.03485130
Turnbill 36-1 8N-10W:36 Caddo OK Ricks Explo 0.00314200
Van Buskirk 2-1 13N-8W:2 Canadian OK Laguna 0.00834138
Varner 1-13 1S-3W:13 Carter OK AEC 0.48846750
Varner 13-2 1S-3W: NW NW 13 Carter OK AEC 0.80386360
Vasicek 29-1 12N-6W:29 Canadian OK AEC 0.84325000
Vasicek 36-1 12N-7W:36 Canadian OK Chaco 0.01346860
Vasicek C 1-28 12N-6W:28 Canadian OK Parker&Parsley 0.32861330
Verden, NE Unit 8N-8W:15 Grady OK Oryx Energy 0.00057039
Vincent 17N-7W:11 Kingfisher OK Simcoe 0.05000000
Vogt 29-A 15N-8W:29 Kingfisher OK Vista 0.00634425
Von Tungeln 1-20 12N-8W:20 Canadian OK Continental 0.24270376
Ward 10-1 20N-15W:10 Major OK Dreyfus, Louis
Weber, Melvin 7-1 12N-5W:E/2 SW 7 Canadian OK Prime 0.16670000
Wendt 18N-6W:S/2 SW 24 Kingfisher OK AEC 1.00000000
Westfahl 34-1 20N-13W:34 Major OK AEC 0.84534000
Well Oil WI NRI Gas WI NRI Oil ORI NRI Gas ORI NRI Reversion
- -----------------------------------------------------------------------------------------------------------
Rubes 28-4 0.38803937 0.38803937 No
Schein 2-9 & 3-9 0.43750000 0.43750000 No
Schein 9-1 0.43750000 0.43750000 No
Schellstede 14-2 0.66889916 0.66889916 0.03455640 0.03455640 No
Schimmels 13-1 0.00052084 0.00052084 No
Schimmels A 0.19200000 0.19200000 No
Schlect C 24-1 0.00739630 0.00739630 0.00781250 0.00781250 Yes
Schulte A 15-2 0.76616538 0.76616536 Yes
Scott 23-2 0.57840363 0.57840363 No
Shaller Trust 7-1 0.00229960 0.00229960 No
Shannon 2 0.79980470 0.79980470 No
Shook-Boyd 0.13069400 0.13069400 No
Siegfried 20-1 0.01374920 0.01374920 No
Siegrist 9-2 0.00462654 0.00456265 Yes
Sican 20-1 0.01039891 0.01039891 No
Smith, C.C. 32-1 0.01136440 0.01136440 No
Smith, L S. 8-1 0.69941690 0.69941690 0.00783450 0.01019150 No
Spear 8-1 0.13762958 0.13752228 0.00010740 No
Stafford 13-1 0.71204030 0.71204030 Yes
State 2-36 0.00020620 0.00020620 Yes
State 29-1 0.33183287 0.33183287 No
State 36-1 0.39079910 0.39079910 Yes
Steifferman 20-1 0.00831517 0.00831517 0.00045562 0.00045562 No
Sweet 21-1 0.00832250 0.00832250 No
Tech 8-1 0.54074850 0.54074850 No
Thumond, Jimmie 1-1 0.00272980 0.00272980 No
TLS 1 0.02613830 0.02613830 No
Turnbill 36-1 0.00237500 0.00237500 No
Van Buskirk 2-1 0.00625601 0.00625601 No
Varner 1-13 0.37948300 0.37948300 No
Varner 13-2 0.59943290 0.59943290 No
Vasicek 29-1 0.67540620 0.67540620 Yes
Vasicek 36-1 0.01178502 0.01178502 No
Vasicek C 1-28 0.28741440 0.28741440 No
Verden, NE Unit 0.00042779 0.00042779 No
Vincent 0.04000000 0.04000000 No
Vogt 29-A 0.00469471 0.00469471 No
Von Tungeln 1-20 0.18202778 0.18202778 Yes
Ward 10-1 0.00164499 0.00164499 No
Weber, Melvin 7-1 0.14583300 0.14583300 No
Wendt 0.82098680 0.82098680 No
Westfahl 34-1 0.64118510 0.64118510 0.06303120 0.06303120 No
32
Well APO GWI APO Oil NRI APO Gas NRI APO Oil ORI APO Gas ORI
---- -------- ----------- ----------- ----------- -----------
Rubes 28-4
Schein 2-9 & 3-9
Schein 9-1
Schellstede 14-2
Schimmels 13-1
Schimmels A
Schlect C 24-1 0.04111170 0.03278730 0.03278730
Schulte A 15-2 0.98784720 0.75705080 0.75705080
Scott 23-2
Shaller Trust 7-1
Shannon 2
Shook-Boyd
Siegfried 20-1
Siegrist 9-2 0.00427496 0.00374060 0.00374060
Sloan 20-1
Smith, C.C. 32-1
Smith, L.S. 9-1
Spear 8-1
Stafford 13-1
State 2-36 0.00285433 0.00202788 0.00202788
State 29-1
State 36-1 0.50098238 0.39079810 0.39079910
Steifferman 20-1
Sweet 21-1
Tech 6-1
Thurmond, Jimmie 1-1
TLS 1
Turnbill 36-1
Van Buskirk 2-1
Varner 1-13
Varner 13-2
Vasicek 29-1 0.71837500 0.62857790 0.62857790
Vasicek 36-1
Vasicek C 1-28
Verden, NE Unit
Vincent
Vogt 29-A
Von Tungein 1-20 0.18202780 0.14789760 0.14789760
Ward 10-1
Weber, Melvin 7-1
Wendt
Westfahl 34-1
Well APO-NC GWI APO-NC Oil NRI APO-NC Gas NRI APO-NC Oil ORI APO-NC Gas ORI Remarks
---- ----------- -------------- -------------- -------------- -------------- -------
Rubes 28-4
Schein 2-9 & 3-9
Schein 9-1
Schellstede 14-2
Schimmels 13-1
Schimmels A
Schlect C 24-1
Schulte A 15-2 0.91493060 0.69324880 0.69324880
Scott 23-2
Shaller Trust 7-1
Shannon 2
Shook-Boyd
Siegfried 20-1
Siegrist 9-2 0.00569994 0.00427500 0.00427500
Sloan 20-1
Smith, C.C. 32-1
Smith, L.S. 9-1
Spear 8-1
Stafford 13-1
State 2-36
State 29-1
State 36-1 0.48630830 0.37992850 0.37992850
Steifferman 20-1
Sweet 21-1
Tech 6-1
Thurmond, Jimmie 1-1
TLS 1
Turnbill 36-1
Van Buskirk 2-1
Varner 1-13
Varner 13-2
Vasicek 29-1
Vasicek 36-1
Vasicek C 1-28
Verden, NE Unit
Vincent
Vogt 29-A
Von Tungein 1-20
Ward 10-1
Weber, Melvin 7-1
Wendt
Westfahl 34-1
33
WELL LOCATION COUNTY STATE OPERATOR
---- -------- ----------- ------ -----------
Wheatland East Unit 11N-4W:32 Oklahoma/Cleveland OK Marathon
White, Irene 18-1 12N-6W:18 Canadian OK AEC
Wiedrick 27N-25W:25 Harper OK PG&E
Wieman 29-1 14N-7W:NE 29 Canadian OK AEC
Wier 8-1 12N-8W:8 Canadian OK Golden
Wilkerson 11-1 11N-7W:11 Canadian OK AEC
Wittkopp 10-2 11N-5W:E/2 NE 10 Canadian OK AEC
Wolf 29-1 13N-9W:29 Canadian OK Bristol Res
Yeck 29-1 12N-6W:29 Canadian OK AEC
Zaloudik 1-1 12N-6W:N/2 1 Canadian OK AEC
Zaloudik 2-1 12N-6W:N/2 1 Canadian OK AEC
Zaloudik 3-1 12N-6W:N/2 1 Canadian OK AEC
Zaloudik 4-1 12N-6W:N/2 1 Canadian OK AEC
Zum Mallen 23-1 14N-7W:SW 23 Canadian OK Milmac
WELL GWI Oil WI NRI Gas WI NRI Oil ORI NRI Gas ORI NRI Reversion
---- ----- ---------- ---------- ----------- ----------- ---------
Wheatland East Unit 0.01062749 0.00798024 0.00798024 Yes
White, Irene 18-1 0.29655157 0.22235933 0.22235933 No
Wiedrick 0.00781250 0.00683590 0.00683590 No
Wieman 29-1 0.66090737 0.48246236 0.48246230 0.01923660 0.01999998 Yes
Wier 8-1 0.01423257 0.01156389 0.01156389 No
Wilkerson 11-1 0.82875000 0.64158200 0.64158200 Yes
Wittkopp 10-2 0.71499930 0.53781250 0.53781250 0.03544270 0.03544270 No
Wolf 29-1 0.00104163 0.00104163
Yeck 29-1 0.85714000 0.68847507 0.68847507 No
Zaloudik 1-1 0.93555558 0.80084550 0.80084550 Yes
Zaloudik 2-1 0.93555558 0.80084550 0.80084550 No
Zaloudik 3-1 0.93555558 0.80084550 0.80084550 No
Zaloudik 4-1 0.49146836 0.40591008 0.40591008 No
Zum Mallen 23-1 0.01518140 0.01168970 0.01168970 0.00030360 0.00030360 No
34
Well APO GWI APO Oil NRI APO Gas NRI APO Oil ORI APO Gas ORI
---- -------- ----------- ----------- ----------- -----------
Wheatland East Unit 0.01138686 0.00854630 0.00854630
White, Irene 18-1
Wiedrick 25-2
Wieman 29-1 0.66090737 0.48246236 0.48246230 0.01923660 0.01999998
Wier 8-1
Wilkerson 11-1 0.62875000 0.49158200 0.49158200
Wittkopp 10-2
Wolf 29-1
Yeck 29-1 0.85714000 0.68847507 0.68847507
Zaloudik 1-1
Zaloudik 2-1
Zaloudik 3-1
Zaloudik 4-1
Zum Mallen 23-1
Well APO-NC GWI APO-NC Oil NRI APO-NC Gas NRI APO-NC Oil ORI APO-NC Gas ORI Remarks
---- ----------- -------------- -------------- -------------- -------------- -------
Wheatland East Unit
White, Irene 18-1
Wiedrick 25-2
Wieman 29-1 0.55991518 0.40873802 0.40873802 0.01923660 0.01999998
Wier 8-1
Wilkerson 11-1
Wittkopp 10-2
Wolf 29-1
Yeck 29-1 0.56610940 0.44997400 0.44997400
Zaloudik 1-1
Zaloudik 2-1
Zaloudik 3-1
Zaloudik 4-1
Zum Mallen 23-1
35
ANNEX II
FORM OF TERM NOTE
SECURED TERM NOTE
$______________ April 15, 1996
FOR VALUE RECEIVED, the undersigned, ALEXANDER ENERGY CORPORATION, an
Oklahoma corporation (the "Borrower"), promises to pay to the order of
___________________ (the "Lender"), the principal sum of ______________________
DOLLARS ($_______________) payable in principal installments on the dates and
in the amounts as set forth in the Credit Agreement, dated as of November 14,
1994 (together with all amendments and other modifications, if any, from time
to time thereafter made thereto, the "Credit Agreement"), among the Borrower,
CANADIAN IMPERIAL BANK OF COMMERCE, New York Agency, as Agent, and the various
financial institutions (including the Lender) as are, or may from time to time
become, parties thereto.
The Borrower also promises to pay interest on the unpaid principal amount
hereof from time to time outstanding from the date hereof until maturity
(whether by acceleration or otherwise) and, after maturity, until paid, at the
rates per annum and on the dates specified in the Credit Agreement provided
that such rates shall not exceed the Highest Lawful Rate.
Payments of both principal and interest are to be made in lawful money of
the United States of America in same day or immediately available funds to the
account designated by the Agent pursuant to the Credit Agreement.
This Secured Term Note is a Term Note referred to in, and evidences
Indebtedness incurred under, the Credit Agreement, to which reference is made
for a description of the security for this Note and for a statement of the terms
and conditions on which the Borrower is permitted and required to make
prepayments and repayments of principal of the Indebtedness evidenced by this
Note and on which such Indebtedness may be declared to be immediately due and
payable. Unless otherwise defined, terms used herein have the meanings provided
in the Credit Agreement.
All parties hereto, whether as makers, endorsers, or otherwise, severally
waive presentment for payment, demand, protest and notice of dishonor.
36
THIS SECURED TERM NOTE SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND
GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK.
ALEXANDER ENERGY CORPORATION
By:___________________________
Name:_________________________
Title:________________________
2
37
TERM LOAN AND PRINCIPAL PAYMENTS
- -------------------------------------------------------------------------------
Amount of Unpaid
Amount of Principal Principal
Loan Made Repaid Balance
--------------- -------------------------------
Base Base Base Notation
Date Rate Rate Rate Total Made By
- ---------- ---- ---- ---------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
38
ANNEX III
FORM OF ENVIRONMENTAL QUESTIONNAIRE
OIL & GAS PROPERTY/FACILITY
This questionnaire is to be completed by the Borrower and submitted as
part of the closing documents prepared in connection with the funding of the
loan:
Name of Borrower:
---------------------------------------------------------
Name of person completing
this questionnaire:
-----------------------------------------------------
PROPERTY/FACILITY IDENTIFICATION
Property/Facility Name (use well name and API number if
appropriate):
-------------------------------------------------------------------
Location:
-----------------------------------------------------------------------
Current Operator:
---------------------------------------------------------------
Address:
------------------------------------------------------------------------
Contact: Telephone: ( )
-------------------------------------- ---- -------------
Land Owner:
---------------------------------------------------------------------
Address:
------------------------------------------------------------------------
Contact: Telephone: ( )
-------------------------------------- ---- -------------
[Attach Additional Pages if Necessary]
PROPERTY/FACILITY DESCRIPTION
Describe any Geological Features of the property/facility which may give rise
to special environmental concerns, including the presence of hydrogen sulfide
or other hazardous substances found to occur naturally or otherwise in or
produced with oil and natural gas, the proximity of the property/facility to
aquifers, wetlands, wildlife refuges or habitats for endangered species:
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
39
Describe the Present Uses of the property/facility including all current
operations and services performed on-site:
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Describe the Past Uses of the property/facility including all operations and
services which were previously performed on-site:
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
STORAGE PRACTICES
Describe the type, quantity, age, capacity, contents, and location of all past
and present Above Ground Storage Vessels including but not limited to
containers (pails, drums, portable tanks) and active or inactive stationary
tanks and pipelines (including underground pipelines), surface impoundments,
lagoons, pits and chemical/waste piles; and indicate which, if any,
governmental authorities have been notified of such above ground storage
vessels:
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Describe the type, quantity, age, capacity, contents, and location of all past
and present Below Ground Storage Vessels including but not limited to active or
inactive underground tanks
-2-
40
and pipelines; and indicate which, if any, governmental authorities have been
notified of such below ground storage vessels:
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Describe any spill, leak or emission Contingency Measures which are in effect
such as tank overfill alarms, corrosion protection systems, bermed storage
areas (i.e., secondary containment), monitoring wells, spill cleanup materials,
emission detection or venting equipment; and describe any emergency response
plans including employee training which have been implemented:
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DISPOSAL PRACTICES
Describe all On-Site Treatment and Disposal Practices, past and present,
including but not limited to land application, landfills, injection wells,
ocean disposal, septic tanks, dumpsters, drums, severs, incinerators, or any
discharges or emissions whatsoever onto or into soil, onto or into
surface/groundwater, or into the atmosphere; and indicate which, if any,
governmental authorities have been notified of such treatment and disposal
practices:
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
-3-
41
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Describe all Off-Site Treatment and Disposal Practices, past and present, and
specify the names and addresses of all transporters and treatment/storage/
disposal facilities (including tires, batteries, spent parts, washer fluids,
solvents and used oil), to which such materials have been transported, vacuum
companies, trash haulers; and indicate which, if any, governmental authorities
have been notified of such treatment and disposal practices:
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
HAZARDOUS MATERIALS
Describe the type, quantity, and location of any known or suspected Asbestos
Containing Building Materials (or other asbestos products used on-site)
including but not limited to pipe/duct insulation, roofing material, cap sheet,
concrete, ceiling/wall coverings, floor tiles, and transite piping; and
indicate which, if any, governmental authorities have been notified of such
asbestos:
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
-4-
42
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Describe the type, quantity, and location of any and all electrical
transformers and capacitors (including florescent ballasts); and indicate
whether they are known to contain Polychlorinated Biphenyls ("PCBs") (and, if
so, please provide a copy of the laboratory report and indicate whether an
inspection/management plan has been developed and is in operation); and which,
if any, governmental authorities have been notified of such PCB:
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Describe any and all Chemicals including raw materials, products, byproducts,
or waste (including detergents, acids, cleaning fluids, solvents and used oil)
not previously described that have been or are presently generated,
manufactured, treated, stored, handled, or disposed at the property/facility;
and indicate which, if any, governmental authorities have been notified of
their use:
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
-5-
43
ENVIRONMENTAL REGULATORY AFFAIRS
List all federal, state, and local Environmental Permits related to the
property/facility which have been issued, which are pending, or which have been
denied; and include the permit number, the name of the regulatory agency, the
date of approval or denial, the date of expiration or reason for denial, and
provide your EPA twelve digit Identification Number if one has been issued:
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
Describe any previous Environmental Assessments including but not limited to
surveys, investigations, audits, or impact statements which have been
performed for the property/facility and attach copies of the instructions for
preparation of the report, all drafts and the final copy of the report to this
questionnaire:
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
Describe any Federal, State, or Local Laws, statutes, rules, or other
regulations relating to the protection of the environment with which you have
not in the past or cannot at present comply:
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
-6-
44
Identify all Environmental Violations including but not limited to
administrative orders, temporary or permanent injunctions, civil penalties, or
criminal actions concerning the environment issued at any time against the
property/facility, its owners, its operators, or its managers; and for each
action provide the date, the agency or regulatory body involved, the type of
action, a description of the violation, and how the violation was resolved:
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
Describe any known or suspected Spills or Discharges of hazardous materials or
hazardous wastes onto or into soil, onto or into surface/groundwater, or into
the atmosphere which have occurred in the past or are presently occurring at
the property/facility:
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
NEIGHBORING PROPERTIES/FACILITIES
Describe the Past and Present Uses of neighboring properties/facilities
including any operations or services they perform:
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
-7-
45
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Describe any Storage, Treatment, or Disposal Practices, past or present, by
neighboring properties/facilities which may have caused any contamination of
Borrower's property/facility:
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Describe any known or suspected Spills, Emissions or Discharges of hazardous
materials or hazardous wastes onto or into soil, onto or into
surface/groundwater, or into the atmosphere which have occurred in the past or
are presently occurring at neighboring properties/facilities which may have
caused any contamination of Borrower's property/facility:
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
I certify that the foregoing information is true and correct to the best of my
knowledge and belief.
Date:
------------------------------------------ -------------------------------
Name:
--------------------------
Title:
-------------------------
-8-