Exhibit 10.124
THE COMPANY HAS REQUESTED AN ORDER
FROM THE SECURITIES AND EXCHANGE COMMISSION (THE
“COMMISSION”) PURSUANT TO RULE 24B-2 OF THE SECURITIES
EXCHANGE ACT OF 1934, AS AMENDED, GRANTING CONFIDENTIAL TREATMENT
TO SELECTED PORTIONS. ACCORDINGLY, THE CONFIDENTIAL PORTIONS
HAVE BEEN OMITTED FROM THIS EXHIBIT, AND HAVE BEEN FILED SEPARATELY
WITH THE COMMISSION. OMITTED PORTIONS ARE INDICATED IN THIS
EXHIBIT WITH “*****”.
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Sunoco Logistics
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Sunoco Partners Marketing &
Terminals L,P.
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1004 N. Big Spring Street
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Suite 515
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Midland, TX 79701
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December 4, 2006
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432 686 7080
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Fax 432 687 2641
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Mr. John Lacik
Square One Energy
Suite 3200 Unit
25
801 Cherry Street
Fort Worth, TX 76102
Re: Crude Oil Purchase
Agreement
Sunoco Partners Reference
No. 521329
Dear Mr. Lacik:
Reference is made to the above
subject Crude Oil Purchase Agreement whereby Sunoco Partners
Marketing & Terminals L.P. will purchase all of the crude
oil and condensate, produced from the lease(s) listed on
Exhibit “A”.
This confirms our understanding that
by mutual consent said agreement shall be amended as
follows:
Term
. This agreement shall remain in effect for a term
of one (1) year commencing on November 1, 2006, and from
month to month thereafter, unless and until terminated by either
party upon written notice thereof given thirty (30) days in advance
of the end of the primary term of this agreement or any extensions
thereof.
For Sunoco Partners’
Properties Except #0092600000 , the following paragraph shall read:
Price. Effective November 1, 2006, Sunoco
Partners’ posted price for West Central Texas Intermediate
crude oil (currently Sunoco Partners’ Col. 9), in effect on
date of delivery, available in Sunoco Partners Marketing &
Terminals L.P. Crude Oil Price Bulletin Summary as published,
modified by the net adjustment. Buyer and Seller agree that
the net adjustment shall be computed as set forth in
Exhibit “A”. The Temporary Marketing
Adjustment (T.M.A.) currently equals *****(1) per
barrel.
For pricing purposes, the daily
volume of crude delivered in each month shall be determined either
by reference to delivery tickets or other records showing actual
daily deliveries of such crude or, in the absence of such records,
shall be deemed to have been delivered in equal daily quantities
for each day of the given month.
For Sunoco Partners’
Property #0092600000 ,
the following paragraph shall read:
Price. Effective November 1, 2006, Sunoco
Partners’ posted price for West Texas/New Mexico Intermediate
crude oil (currently Sunoco Partners’ Col. 4), in effect on
date of delivery, available in Sunoco Partners Marketing &
Terminals L.P. Crude Oil Price Bulletin Summary as published,
modified by the net adjustment. Buyer and Seller agree that
the net adjustment shall be
(1) THE COMPANY HAS REQUESTED
AN ORDER FROM THE SECURITIES AND EXCHANGE COMMISSION (THE
“COMMISSION”) PURSUANT TO RULE 24B-2 OF THE SECURITIES
EXCHANGE ACT OF 1
