Preview | Purchase and Sale Agreement |

Document Preview
Purchase and Sale Agreement
Click "Add to Cart" button to purchase document.
Documents are emailed immediately after purchase.
You can also browse documents by title, category, or company... or click here for help finding documents.
Title:
Purchase and Sale Agreement
Entities:
Nuevo Financial Center, Inc.
Date:
2007
Size:
Preview shows 10KB of 160KB total
Price:
$45
ID:
#3190959
► Purchase & Sale ► Purchase & Sale Agreements
Start of Preview
                           PURCHASE AND SALE AGREEMENT



                                     Between



                      DEVON ENERGY PRODUCTION COMPANY, L.P.







                                       And







                              AMEN PROPERTIES, INC.



                                      Dated







                                November 8, 2007





{PAGE}



                                TABLE OF CONTENTS

                                -----------------



1.   Certain Definitions .....................................................1

2.   Sale and Purchase .......................................................5

3.   Sale Price ..............................................................5

4.   Earnest Money ...........................................................5

5.   Allocated Values.. ......................................................5

6.   Seller's Representations.................................................6

7.   Buyer's Representations .................................................8

8.   Access to Records .......................................................9

9.   Defects. ...............................................................10

10.  Consents and Preferential Rights. ......................................13

11.  Physical and Environmental Inspection.. ................................14

12.  Period Pending Closing. ................................................14

13.  Notification of Breaches ...............................................14

14.  Sale Price Adjustments .................................................15

15.  Termination. ...........................................................16

16.  Conditions of Closing by Buyer .........................................16

17.  Conditions of Closing by Seller ........................................17

18.  Preliminary Closing Statement ..........................................17

19.  Closing ................................................................17

20.  Reservations and Exceptions ............................................18

21.  Payments ...............................................................18

22.  Assumption of Liabilities and Indemnities ..............................18

23.  Indemnification Action .................................................20

24.  Limitation on Actions ..................................................22

25.  Casualty and Condemnation ..............................................22

26.  Taxes ..................................................................22

27.  Sales Tax; Recording Fees ..............................................22

28.  Records ................................................................23

29.  Post-Closing Adjustments; Revenues .....................................23

30.  Notices ................................................................24

31.  Further Assurance ......................................................25

32.  Disclaimer of Warranties ...............................................25

33.  Expenses ...............................................................26

34.  Due Diligence ..........................................................26

35.  Material Factor ........................................................26

36.  Press Release. .........................................................26

37.  Entire Agreement .......................................................27

38.  Tax Reporting. .........................................................27

39.  Assignability. .........................................................27

40.  Choice of Law ..........................................................27

41.  Dispute Resolution .....................................................27

42.  Counterpart Execution. .................................................27

43.  Severance of Invalid Provisions. .......................................27

44.  Limitation on Damages. .................................................27

45.  References. ............................................................28

46.  Waivers ................................................................28

47.  Third Person Beneficiaries .............................................28

48.  Acknowledgement ........................................................28







                                       i

{PAGE}



                             EXHIBITS AND SCHEDULES

                             ----------------------



Exhibit A         Oil and Gas Properties

Exhibit B         Allocated Values

Exhibit C         Form of Deed, Assignment and Bill of Sale

Exhibit D         Form of Non-Foreign Affidavit

Exhibit E         Royalty Conveyance Recording Chart





Schedule 1(d)     Contracts

Schedule 1(g)     Excluded Properties

Schedule 6(e)     Litigation and Claims

Schedule 6(f)     Approvals and Preferential Rights

Schedule 6(j)     Production Balances

Schedule 6(k)     Current Commitments

Schedule 9(c)     Environmental Conditions

Schedule 10       Consents and Preferential Rights

Schedule 15       Imbalance Settlement Indices





                                       ii

{PAGE}



{TABLE}

{CAPTION}





                             INDEX OF DEFINED TERMS

                             ----------------------

Defined Term                                                                                     Section

------------                                                                                     -------



{S}                                                                                              {C}

Accounting Arbitrator............................................................................Section 29(a)

Affiliate........................................................................................Section 1(a)

Agreement........................................................................................Recitals

Allocated Values.................................................................................Section 5

Assets...........................................................................................Section 1(b)

Assumed Obligations..............................................................................Section 22(b)

Business Day.....................................................................................Section 1(c)

Buyer............................................................................................Recital

Claim Notice.....................................................................................Section 23(b)

Claim............................................................................................Section 23(b)

Closing .........................................................................................Section 19

Closing Date.....................................................................................Section 19

Code.............................................................................................Section 1(d)

Confidentiality Agreement........................................................................Section 8

Contracts........................................................................................Section 1(e)

current Tax period...............................................................................Section 26

Damages..........................................................................................Section 22(a)

Deceptive Trade Practices Act....................................................................Section 32

Defect Amount....................................................................................Section 9(f)

Defect Arbitrator................................................................................Section 9(i)

Defect Claim Date................................................................................Section 9(d)

Defect...........................................................................................Section 9(a)

Earnest Money....................................................................................Section 4

Effective Time...................................................................................Section 1(f)

Environmental Arbitrator.........................................................................Section 9(i)

Environmental Defect.............................................................................Section 9(c)

Environmental Laws...............................................................................Section 9(c)

Excluded Properties..............................................................................Section 1(g)

Excluded Records.................................................................................Section 1(h)

Governmental Authority...........................................................................Section 1(i)

Indemnified Person...............................................................................Section 23(a)

Indemnifying Person..............................................................................Section 23(a)

July Reserve Report..............................................................................Section 14(h)

Laws.............................................................................................Section 1(j)
End of Preview
Home Intelligence Services Subscriptions News About Us