Attached files

file filename
S-1/A - AMENDMENT NO. 2 TO FORM S-1 - Pacific Coast Oil Trustd273119ds1a.htm
EX-3.6 - FORM OF AMENDED AND RESTATED TRUST AGREEMENT - Pacific Coast Oil Trustd273119dex36.htm
EX-10.2 - FORM OF REGISTRATION RIGHTS AGREEMENT - Pacific Coast Oil Trustd273119dex102.htm
EX-10.4C - AMENDMENT TO CRUDE OIL PURCHASE AGREEMENT (1/01/12) - Pacific Coast Oil Trustd273119dex104c.htm
EX-10.4A - CRUDE OIL PURCHASE AGREEMENT - Pacific Coast Oil Trustd273119dex104a.htm
EX-10.4B - AMENDMENT TO CRUDE OIL PURCHASE AGREEMENT (2/01/08) - Pacific Coast Oil Trustd273119dex104b.htm

Exhibit 10.5

[*] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 

LOGO

CONOCOPHILLIPS COMPANY

COMMERCIAL OPERATIONS & STRATEGY

P.O. BOX 2197

HOUSTON, TEXAS 77252

281-293-4000

 

CRUDE OIL OUTRIGHT PURCHASE AGREEMENT

AGREEMENT DATE: NOVEMBER 1, 2007

 

BREITBURN ENERGY COMPANY LP

DEPT: CRUDE OIL SUPPLY AND TRADING

515 SOUTH FLOWER STREET

SUITE 4800

LOS ANGELES, CALIFORNIA 90071

 

CONOCOPHILLIPS NEGOTIATOR: Jim Gravatt

BUSINESS PHONE NUMBER: 661-587-2945

CONOCOPHILLIPS SCHEDULER(S):

 

Kasey Einertson                 281-293-6765

ATTN: Randy Breitenbach

PHONE: 213-225-5900

Fax: 213-225-5916

   

 

 

CONOCOPHILLIPS CONTRACT NO. 63515

BREITBURN ENERGY LP CONTRACT NO.

AMENDMENT NO. 5

 

 

Please refer to the above referenced contract and amendments thereto, if any. This confirms the understanding between Randy Breitenbach of BREITBURN ENERGY LP and Jim Gravatt of CONOCOPHILLIPS, that by mutual consent between the parties said contract shall be amended as follows:

 

 

 

ITEMS AMENDED:

 

      Amend price effective 5/1/210 due to price renegotiation. D. Ruiz   

SPECIAL PROVISIONS

CONOCOPHILLIPS RECEIVES FROM BREITBURN ENERGY LP

TERM:

Effective May 1,2010 to and continuing from month to month thereafter until the first day of the month following sixty (60) days’ advance written notice of termination or cancellation by either party to the other party.

QUANTITY AND QUALITY:

 

  (1) A volume of Sawtelle crude oil representing BREITBURN ENERGY LP’s owned and/or controlled interest in production from the leases listed on attached Exhibit A (approximately 500 barrels per day).

 

  (2) A volume of Beverly Hills crude oil representing BREITBURN ENERGY LP’s owned and/or controlled interest in production from the leases listed on attached Exhibit B (approximately 650 barrels per day).

DELIVERY:

Into Third Party Pipeline facilities at the lease.


PRICE:

[*];

;

Less [*] market differential.

SPECIAL PROVISIONS (Other):

IMBALANCE:

BREITBURN ENERGY LP warrants that the barrels sold herein are an outright purchase by CONOCOPHILLIPS. CONOCOPHILLIPS is under no obligation, express or implied, to exchange, sell, or in any way pay back barrels to BREITBURN ENERGY LP as a condition of this purchase.

GENERAL TERMS AND CONDITIONS:

CONOCOPHILLIPS (formerly CONOCO) General Provisions for Domestic Crude Oil Agreements dated January 1, 1993 shall govern this agreement and are hereby incorporated by reference.

API MEASUREMENT STANDARDS:

All measurement equipment, procedures, calculations, and practices shall conform to the most current API Manual of Petroleum Measurement Standards (MPMS) and the latest revision of the ASTM Standards.

This contract is effective 11-01-07 thru May 1-2008

and to include a 60 day evergreen contract

 

INVOICES TO:    NOTICES TO:
COMMENTS:   

ConocoPhillips Company

Attn: Crude Oil Trading Accounting

P.O.B. Building - 12th Floor

315 South Johnstone Ave.

1270 Plaza Office Building

Bartlesville, Oklahoma 74004

Fax: 918-661-4243

  

ConocoPhillips Company

Attn: Contract Administration

Cherokee Building - Third Floor

P.O.Box 2197

 

Houston, Texas 77252

Fax: 918-662-6668

  

Breitburn Energy Company LP

Attn: Randy Breitenbach

515 South Flower Street

Suite 4800

Los Angeles, California 90071

Fax: 213-225-5916

Please advise us of any errors in the foregoing as soon as practical. If we do not receive any contrary indication from you before we commence our performance under this agreement, we will assume that this confirmation correctly reflects the parties’ agreement. Please be advised that while we are willing to correct errors in the foregoing, ConocoPhillips Company will not accept any terms in addition to or inconsistent with the foregoing that you may propose in any confirmation or notice with respect to this agreement.

REGARDS,

CONOCOPHILLIPS COMPANY

Jim Gravatt

Trader - West Coast (Manager, Lease Operations)

Commercial Operations & Strategy

Bakersfield, California

Fax: 661-587-2999

 

Page 2 of 3

[*] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.


EXHIBIT A

 

HLCO NO / LEASE NAME   FACILITY NO / NAME   EFFECTIVE FROM/TO   OPERATOR / STATE / COUNTY   DEC OF INT
0002920100              00050   DOWLEN FEDERAL  

2025566

DOWLEN FEDERAL

  November 1, 2007   WEST COAST THIRD PARTY OPE   CA/Alameda   1.0000000

EXHIBIT B

 

HLCO NO / LEASE NAME   FACILITY NO / NAME   EFFECTIVE FROM/TO   OPERATOR / STATE /  COUNTY   DEC OF INT
0002942600              00050   WEST PICO DRILLSITE  

2025791

WEST PICO DRILLSITE

  November 1, 2007   WEST COAST THIRD PARTY OPE   CA/Alameda   1.0000000

 

Page 3 of 3

 

[*] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.