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Purchase Agreement

 

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Title:

Purchase Agreement

Entities:

Date:

2001

Size:

Preview shows 10KB of 123KB total

Price:

$68

ID:

#911583

 

 

► Purchase & Sale ► Purchase Agreements

 

 

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POGO PRODUCING COMPANY

(a Delaware corporation)

6,135,664 Shares of Common Stock





PURCHASE AGREEMENT









Dated: November 1, 2001

================================================================================





<PAGE>

TABLE OF CONTENTS

<Table>
<Caption>
Page
<S> <C> <C>
Section 1. Representations and Warranties..................................................................2
(a) Representations and Warranties by the Company...................................................2
(b) Representations and Warranties by the Selling Stockholders......................................8
(c) Officer's Certificates.........................................................................12
Section 2. Sale and Delivery to Underwriters..............................................................12
(a) Initial Securities.............................................................................12
(b) Option Securities..............................................................................13
(c) Payment........................................................................................13
(d) Denominations; Registration....................................................................14
Section 3. Covenants of the Company.......................................................................14
(a) Compliance with Securities Regulations and Commission Requests.................................14
(b) Filing of Amendments...........................................................................14
(c) Delivery of Registration Statements............................................................14
(d) Delivery of Prospectus.........................................................................15
(e) Continued Compliance with Securities Laws......................................................15
(f) Blue Sky Qualifications........................................................................15
(g) Rule 158.......................................................................................15
(h) Restriction on Sale of Securities..............................................................16
(i) Reporting Requirements.........................................................................16
Section 4. Payment of Expenses............................................................................17
(a) Expenses.......................................................................................17
(b) Expenses of the Selling Stockholders...........................................................17
(c) Termination of Agreement.......................................................................17
Section 5. Conditions of Obligations of Underwriters and Selling Stockholders.............................17
(a) Effectiveness of Registration Statement........................................................18
(b) Opinion of Counsel for Company.................................................................18
(c) Opinion of Counsel for the Selling Stockholders................................................18
(d) Opinion of Counsel for Underwriters............................................................18
(e) Officers' Certificate..........................................................................18
(f) Certificate of Selling Stockholders............................................................19
(g) Accountant's Comfort Letter....................................................................19
(h) Bring-down Comfort Letter......................................................................19
(i) Conditions to Purchase of Option Securities....................................................19
(j) Additional Documents...........................................................................20
(k) Termination of Agreement.......................................................................20
Section 6. Indemnification................................................................................21
(a) Indemnification of Underwriters................................................................21
(b) Indemnification of the Company, Directors and Officers and Selling Stockholders................22
(c) Actions against Parties; Notification..........................................................22
(d) Settlement without Consent if Failure to Reimburse.............................................23
Section 7. Contribution...................................................................................23
</Table>




i
<PAGE>


<Table>
<S> <C> <C>
Section 8. Representations, Warranties and Agreements to Survive Delivery.................................24
Section 9. Termination of Agreement.......................................................................25
(a) Termination; General...........................................................................25
(b) Liabilities....................................................................................25
Section 10. Default by One or More of the Underwriters.....................................................25
Section 11. Default by One or More of the Selling Stockholders.............................................26
Section 12. Notices........................................................................................26
Section 13. Parties........................................................................................27
Section 14. Governing Law and Time.........................................................................27
Section 15. Effect of Headings.............................................................................27


SCHEDULES
Schedule A - List of Underwriters
Schedule B - Pricing Information
Schedule C - List of Selling Stockholders

</Table>



ii


<PAGE>


POGO PRODUCING COMPANY
(a Delaware corporation)
6,135,664 Shares of Common Stock
(Par Value $1.00 Per Share)


PURCHASE AGREEMENT

MERRILL LYNCH & CO.
Merrill Lynch, Pierce, Fenner & Smith, Incorporated
Goldman, Sachs & Co.
c/o Merrill Lynch & Co.
Merrill Lynch, Pierce, Fenner & Smith, Incorporated
World Financial Center, North Tower
New York, New York 10281-1209

Ladies and Gentlemen:

POGO PRODUCING COMPANY, a Delaware corporation (the "Company"), and the
selling stockholders listed on Schedule C hereto (collectively, the "Selling
Stockholders") confirm their agreement with Merrill Lynch & Co., Merrill Lynch,
Pierce, Fenner & Smith, Incorporated ("Merrill Lynch") and Goldman, Sachs & Co.
(collectively, the "Underwriters"), with respect to the sale by the Selling
Stockholders and the purchase by the Underwriters, acting severally and not
jointly, of the 6,135,664 shares of Common Stock, par value $1.00 per share, of
the Company ("Common Stock"), and with respect to the grant by the Selling
Stockholders to the Underwriters, acting severally and not jointly, of the
option described in Section 2(b) hereof to purchase all or any part of 920,349
additional shares of Common Stock to cover over-allotments, if any. The
aforesaid 6,135,664 shares of Common Stock (the "Initial Securities") to be
purchased by the Underwriters and all or any part of the 920,349 shares of
Common Stock subject to the option described in Section 2(b) hereof (the "Option
Securities") are hereinafter called, collectively, the "Securities".

The Company and the Selling Stockholders understand that the
Underwriters propose to make a public offering of the Securities as soon as the
Underwriters deems advisable after this Agreement has been executed and
delivered.

The Company has filed with the Securities and Exchange Commission (the
"Commission"), a registration statement on Form S-3 (No. 333-67234) and
pre-effective amendment no. 1 thereto covering the registration of Common Stock
(including the Securities) under the Securities Act of 1933, as amended (the
"1933 Act"), and the offering from time to time in accordance with Rule 415 of

 

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