1 EXHIBIT 10.27 Tim Perry November 15, 1996 Senior Vice President Global Oil & Gas Texas Commerce Bank 2200 Ross Avenue Dallas, TX 75266-0197 Dear Tim: The undersigned, Union Pacific Resources Group Inc. (UPRG), refers to the $900,000,000 Revolving Credit Agreement dated as of April 16, 1996 (amended August 9, 1996 and September 13, 1996) among UPRG and Texas Commerce Bank, as Administrative Agent, and the other participating banks, and hereby gives you notice, irrevocably, pursuant to SECTION 2.06 of the Credit Agreement that the undersigned hereby requests a commitment reduction from $900,000,000 to $600,000,000 effective November 19, 1996. UPRG requests that the respective Commitments of the banks be reduced ratably. Sincerely /s/ B. M. Lamkin ---------------- Bill Lamkin Treasurer cc: Lee Beckelman Ann Baumgartner