IN THE UNITED STATES BANKRUPTCY COURT

In re: )

FOR THE DISTRICT DELA WARE

Chapter 11

PACIFIC ENERGY RESOURCES LTD., et al., i )

Case No. 09-1 0785(KJC)

Debtors. )
)

(Jointly Administered)
Related Docket Nos. J 8, J 9 & 4 J 5

NOTICE OF FILING OF EXECUTION VERSION OF AMENDMENT NO.9 TO SENIOR SECURED SUPER PRIORITY PRIMING DEBTOR IN POSSESSION CREDIT AND GUARANTY AGREEMENT REGARDING MOTION OF THE DEBTORS TO APPROVE INTERIM AND FINAL ORDERS PURSUANT TO 11 U.S.c. SECTIONS 105,
361,362,363,364,365 AND 507: (1) APPROVING SENIOR SECURED

SUPERPRIORITY POSTPETITION FINANCING; (2) AUTHORIZING USE OF CASH COLLATERAL; (3) GRANTING LIENS AND PROVIDING SUPERPRIORITY ADMINISTRATIVE EXPENSE STATUS; (4) GRANTING ADEQUATE PROTECTION; (5) MODIFYING AUTOMATIC STAY; AND (6) SCHEDULING A FINAL HEARING
On March 9, 2009, the above-captioned debtors and debtors in possession
(collectively, the "Debtors"), filed the Motion of

the Debtors to Approve Interim and Final

Orders Pursuant to 11 Us.e. Sections 105,361,362,363,364,365 and 507: (1) Approving

Senior Secured Superpriority Post petition Financing; (2) Authorizing Use of

Cash Collateral;

(3) Granting Liens and Providing Superpriority Administrative Expense Status;

(4) Granting Adequate Protection; (5) Modifing Automatic Stay; and (6) Scheduling a Final
Hearing (Docket No. 18) (the "DIP Motion") and Exhibits to the Motion (Docket No. 19) with
the United States Bankruptcy Court for the District of

Delaware, 824 Market Street, Wilmington,

Delaware i 980 i. On June 4, 2009 the Court entered the Final Order (1) Approving Senior
Secured Super priority Post petition Financing,-2) Authorizing Use of

Cash Collateral;

the Debtors' federal tax identification number, are: Pacific Energy Resources Ltd. (3442); Petrocal Acquisition Corp. (6249); Pacific Energy Alaska Holdings, LLC (tax I.D. # not available); Cameros Acquisition Corp. (5866); Pacific Energy Alaska Operating LLC (7021); San Pedro Bay Pipeline Company (1234); Cameros
Energy, Inc. (9487); and Gotland Oil, Inc. (5463). The mailing address for all of

i The Debtors in these cases, along with the last four digits of each of

the Debtors is 111 W.

Ocean Boulevard, Suite 1240, Long Beach, CA 90802.

(3) Granting Liens and Providing Superpriority Administrative Expense Status: (4) Granting
Adequate Protection: and (5) Modtfying Automatic Stay Docket No. 415) (the "Final DIP

Order").
Attached is Amendment No.9 to Senior Secured Super Priority Priming Debtor in
Possession Credit and Guaranty Agreement regarding the DIP Motion.

Dated: December 21, 2009

PACHULSKI STANG ZIEHL & JONES LLP

. Kharasch (CA Bar No. 109084)

S tta E. McFarland (DE Bar No. 4184, CA Bar No. 165391)

Robert M. Saunders (CA Bar No. 226172)

James E. O'Neil (DE Bar No. 4042)

Kathleen P. Makowski (DE Bar No. 3648) 919 North Market Street, 1 ih Floor P.O. Box 8705 Wilmington, DE 19899-8705
Telephone: 302/652-4100

Facsimile: 310/652-4400
Email: ikharasch(fpszilaw.com
smcfarland~pszi law .com

rsaunders~pszi law .com

i oneil~pszi law.com kmakowski(fpszi law.com

Counsel for Debtor and Debtor in Possession Pacific Energy Resources Ltd.
DOCS DE: i 53668. i

This AMENDMENT NO.9 TO SENIOR SECURED SUPER PRIORITY PRIMING DEBTOR IN POSSESSION CREDIT AND GUARANTY AGREEMENT (this "Amendment"), dated as of December 18,2009 (the "Effective Date"), by and 'among PACIFIC ENERGY RESOURCES LTD. (the "Company"), PACIFIC ENERGY ALASKA HOLDINGS, LLC ("PEAH"), PACIFIC ENERGY ALASKA OPERATING LLC ("PEAO" and, together with the Company and PEAH, the "Borrowers"), certain Subsidiaries of the Company, as Guarantors (the "Guarantors" and together with the Borrowers, the "Credit Parties"), the institutions party hereto as Lenders under the Credit Agreement (as hereinafter that certain Senior Secured defined) (collectively, the "Lenders"), amends certain provisions of Super Priority Priming Debtor in Possession Credit and Guaranty Agreement dated as of March 11,2009 (as amended and in effect from time to time, the "Credit Agreement") by and among the Credit Parties, the Lenders, RISE ENERGY BETA, LLC, as administrative agent (the "Administrative Agent"), RISE ENERGY BETA, LLC and SILVER POINT FINANCE, LLC, as collateral agents, and certain other parties thereto from time to time.
A. WHEREAS, the Company, the Administrative Agent and the Lenders desire to
amend certain provisions of the Credit Agreement, as provided more fully herein below.
B. Capitalized terms used but not defined herein shall have the meanings assigned to

such terms in the Credit Agreement, as amended hereby.

Accordingly, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows:
SECTION 1. AMENDMENTS TO EXHIBITS AND APPENDICES.
(a) Exhibit A to the Credit Agreement is hereby amended by deleting such exhibit in

its entirety and substituting in lieu thereof Exhibit A attached hereto as Exhibit A.
(b) Appendix B to the Credit Agreement is hereby amended by deleting such

appendix in its entirety and substituting in lieu thereof Appendix B attached hereto as Exhibit B.

SECTION 2. LIMITED WAIVER. Subject to the terms and conditions of this Amendment, the Administrative Agent, the Collateral Agents and the Lenders each hereby expressly waive any Events of Default that may have occurred:
(a) as a result of Borrowers' payment and disbursement on or about December 11,

2009 of approximately $618,179.82 in cure payments due in connection with Borrowers' sale of in Section 6.13 of Alaska Properties that closed on December 11,2009, despite the prohibition the Credit Agreement of Borrowers' payment of any expenses or disbursements other than those set forth in the Budget; and
(b) as a result of Borrowers' payment and disbursement of $334,573.3 1 to AFCO on

or about December 1 1, 2009 in satisfaction of the insurance premium that was authorized under
the Budget to be paid on or about December 15, 2009.

This Amendment shall not constitute a waiver of the occurrence or the continuance of any other Event of Default other than the Events of Default expressly described in clauses (a) and (b) above.
674/023353-0035
1058058.02 al2118/09

parties SECTION 3. REPRESENTATIONS AND WARRANTIES. To induce the other hereto to enter into this Amendment, the Credit Parties represent and warrant to each of the Lenders and the Administrative Agent that, as of the Effective Date:

(a) This Amendment has been duly authorized, executed and delivered by the Credit Parties and this Amendment and the Credit Agreement constitute each Credit Party's legal, valid and binding obligation, enforceable against it in accordance with its terms except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors' rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).
(b) The execution and delivery by each Credit Party of this Amendment and the

performance by the various Credit Parties of their obligations under the Transaction Documents to which each is a party, and the consummation of the transactions contemplated by the various Transaction Documents, do not and will not (a) conflict with any provision of (i) any Law, (ii) the Organizational Documents of any Credit Party, or (iii) any agreement, judgment, license, order or permit applicable to or binding upon any Credit Party, (b) result in the acceleration of any Indebtedness owed by any Credit Party, or (c) result in or require the creation of any Lien upon any assets or properties of any Credit Party except, in each case as expressly contemplated in the Transaction Documents and, except in the case of clauses (a)(iii), (b) and (c) of this Section 3(b), such conflicts, results or requirements as arise in connection with the fiing, prosecution and resolution of the Case. Except as expressly contemplated in the Transaction
Documents no consent, approval, authorization or order of, and no notice to or

fiing with, any

Governmental Authority or third party is required in connection with the execution, delivery or performance by any Credit Party of any Transaction Document or to consummate any
transactions contemplated hereby or thereby.
(c) The representations and warranties set forth in each Transaction Document are,

after giving effect to this Amendment, true and correct in all material respects on and as of the Effective Date, except (i) where such representations and warranties expressly relate to an earlier date (in which case they were true and correct in all material respects as of such earlier date); (ii) to the extent affected by orders entered by the Bankruptcy Court; and (iii) the Amended and Restated Trading Bay Facilities Agreement effective as of September 1, 2009 by and between Union Oil Company of California and PEAO has replaced the Trading Bay Facilities Agreement between Union Oil Company of California dba Unocal Alaska and Forest Oil Company dated May 1, 2002 (as assigned by Forest Oil Corporation to Pacific Energy Alaska Operating LLC pursuant to the Asset Sales Agreement) and Amendment No. i thereto dated effective April 16, 2007, listed on Schedule 4.20(b) of the Credit Agreement.
(d) No Default or Event of Default under the Credit Agreement and other Transaction

Documents has occurred and is continuing.

(e) The Liens under the Security Documents are valid and subsisting and secure the

Company's and the Guarantors' obligations under the Credit Agreement and the other Transaction Documents.

6741023353-0035
i 058058.02 a i 2/1 8109

-2-

SECTION 4. CONDITIONS OF EFFCTIVENESS OF AMENDMENT. The effectiveness of this Amendment and the occurrence of the Effective Date are subject to the satisfaction of the following conditions:
(a) Each of the Lenders shall have received this Amendment, executed and delivered

by (i) a duly authorized officer of the Credit Parties and (ii) the Required Lenders.
(b) Each of the Lenders shall have received a revised Budget in form and substance

satisfactory to the Required Lenders, a copy of which is attached hereto as Exhibit A.

(c) No Default or Event of Default under the Credit Agreement and other

Transaction Documents shall have occurred and be continuing as of the Effective Date, other than the Defaults or Events of Default described in Section 2 above. The representations and warranties in this Amendment, in the Credit Agreement and in the other Transaction Documents shall be true and correct in all material respects, except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects on and as of such earlier date.
SECTION 5. EFFECT ON TRANSACTION DOCUMENTS; ACKNOWLEDGMENTS.

(a) The Lenders expressly reserve all of their respective rights, remedies, and claims
under the Credit Agreement and the other Transaction Documents. Nothing in this Amendment shall constitute a waiver or relinquishment of the rights of each of the Lenders, the Administrative Agent or either Collateral Agent to collect the full amounts owing to it under the Credit Agreement and the other Transaction Documents.

(b) Each of the parties hereto hereby adopt, ratify, and confirm the Credit
Agreement, and each of the foregoing parties acknowledge and agree that the Credit Agreement and the other Transaction Documents are and remain in full force and effect, and each of the Credit Parties acknowledges and agrees that neither its liabilities under the Credit Agreement and the other Transaction Documents nor the validity, perfection, or priority of any lien or security interest securing the Obligations are impaired in any respect by this Amendment.

SECTION 6. COUNTERPARTS. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. Delivery of any executed counterpart of a signature page of this Amendment by facsimile transmission or electronic transmission shall be as effective as delivery of a manually executed counterpart hereof.
SECTION 7. APPLICABLE LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF (OTHER THAN THE NEW YORK GENERAL OBLIGA TIONS LAW 5- 1 40 1 AND 5- 1402) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA (INCLUDING THE BANKRUPTCY CODE).

6741023353-0035
i 05805802 a i 2/1 8/09

-3-

SECTION 8. HEADINGS. The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.
f Remainder of page intentionally left blank. J

674/023353-0035
i 058058.02 a i 2/1 8/09

-4-

1\ \\! \:"" \\1 :n( l! ,1,,-, !,',:n;,::, h,'let" h:1\,' c';i,i:,d \i;;.\n:\.ndl1,:nt L" h: dOl!:
eXt'('uted hy their respccti\e of!crs ,in (II" ahemt the .l--Cct\C Date, t-i bl.' cfkcti\c as ()tthc
Effective Date.

PACIFIC ENERGY RESOVRCES L1'I)..

as a BOITU\\Cl

PACIFIC ENERGY AL\SKA HOLDINGS,

LLC.

as a Horw\\cl/

/1'7 . r./ Fh: .: .. Vi /':~'(/ .. .. ---.---~._-.--................... .........~~ ......_......_-----\iamc':-(erry -rywoniuk

.//

Ih:
Ty\\oniuk Chief F:.xceuti\c ()tticcr

Title: Acting Chief Executi\'e Ollcel

PACIFIC ENERGY ALASKA OPERATING LLC.

as a 13()rrO\\cJ

PETROCAL ACQUISITION CORP..

as a (i uarantol

1/.. '-1 /1
B y:---..--U ! Ii 1/' ~.. ______

B\': ,/ ,/ ;' c-:" 1--/'--_.

// -7 .: / // 'J

,. /..

.. d__'="'..".'m_'_"O_.."...._..,_.___....._~..____.._..__".._....".

Name: Geh;lTywoniuk Title: ActiniChicf Executive Officer

:\amc: Gcro'hwoniuk ~.

Title: A(:tin~ ChiefI-:'\eeutive Offcer

SAN PEDRO BAY PIPELINE COMPANY.

as a Cuarantor
/
B:': __________'~)l11~::::_..__..__.._....___..___

CARNEROS ACQUISITION CORP..

as a Guarantor

lh:
Name: Title:

'\amc: GcrnJT\'wonilik . .... 'ritle: ..\eting Chief Execiitiw ()llicr

\\\onu~ Chief F'\ccuti\c Officcl

CARNEROS ENERGY INC.. as a Guarantor

13\_
Name~(jrry (1liuk.
1)5~()58 \j: ai2 SiFI

GOTLAND OIL. INC..

as a Cuarantor
l --~'-

B\ :

..

Titk:\ciinS Chief L'\I.'cuti\ c (iniccr

:\anie: GtIT: I: \\oniuk iik: _\cting Chicf '\ecllti\c ultccr

(~~4 02;,:')d:'~((j.~5

-)-

SILVER POINT FINANCE, LLC, as a Collatera Agent

By:

Name: Title:

FIELD POIN I, L ro.,

as a Lender

FIELD POIN il, LTD.,

as a Lender
By:

Name:

Title: A
SPF CDO I, L Tn., as a Lender

~.

SPCP GROUP ILL LLC,

as a Lender ~.

By:

N,ame: a a eitlin

Title: Authorized Signatory

SPCP GROUP, LLC,

as a Lender
By:

Name:

Title: A
6741023353-35 \058058.02 .12/710

-6-

an~ .
RISE ENERGY BETA, LLC,

as Administrative Agent, a Collateral Agent

By:~~;:
Name: Dicki - unter
Title: CFO, Secretary and Treasurer

674/0233.13-0035
IO.l80sx.02 ;i12/IH/O')

-7-

Exhibit A
(attach Budget)

674/023353-0035
1058058.02 a 12/1 8109

-8-

Pacific Energy Resources ltd.

DIP Budget - Amendment #9 3/13 3/20 3/27 Confidential 5/15 5/22 5/29 6/12

Weekly DIP Forecast

(US $'s iii Ihml.\"JmM

.m
4/10 17,145 4/17 15.427 4,509 S 5,005 $ 415 2,723 635 404 MO 634 633 I,IX4 403 1,147 403 25.381 16,563 27,390

4/24
27 ,242 27,193

.:!tFi.."mi7l':ll~III..
22,050 24,1 i i 14,069

.i
~
27.291

il
27,098 27.050
27 ,003

il

Barrds produce

27,340

Revenue receipts 392 144

- S 2.418 S
479
290 335 4Cl8

656

Royalty payments LOE $G&A I pertomiancl. bond Critii-al vi.'1dor payments Operating outflows 250 642 250 . )Q4 479 290

-l
lQ
438 656 415 365

.D5S

404
640

\.5S8

634

1.550

633

Oprrdting cash flow

(642) 2,024 (479) (290) (365) (438) 3,853 (415) (3.358) (404) 4,365 (1.5S8) (634) (1,550) (633)

Grwih Cap Ex Maintenance Capb:

247 247 247 134 134 134 134 134 25 25 25 25 280 280 190 127 127 127 127 127 99 99 99 99 293 293 293
1,925

~iJ
~,X50 3.:-46 (II

T olal Cash Flow

(1.6IJ) 1,4'17 (916) (551) (626) (6IJlJ) 3,592 (676) (3,482) (528) 4,241 (1,7121 (927) (1,843) (926)
lJl43
.~.K39 2.275 2,449

BaiTcls produce

2.099
1.573

lASS
279 S

2,4ll.
1.:-00

1.797

2.624

2,622

R~v~nut: rc:l'lpl'

1,032 S

36 S
160 160 160 4R

iii
246 50 407 220 (220) (137) (20X) 20R (407) 173 4K

IX5 257

79 21

:BI 74
105 227

155 40

14K 19

199 5R

333 71 10

4'

60 44

76 60 10

4'

Royalty payments LOE SG&A d perfnrmance hond Uiiifict Coinmand Criiical vendor payml11ts Operating outtlows

!2
593 305 355

iso il
332 225 (207) (297) 207 297

-i
416
S07

~
104

208

146

20R

Openiling cash llow

(593)

(305)

(ll2

(104)

120')

(1(9)

(10K)

Growth CapEx Maintemnice CapEx

22 69 69 69 20 20 16 16 1'1 19 II

Tii1i1 Cash Fluw

(593) S 355 S (305) $ (332) $ 7~5 S (276) S (365) S (475) $ (240) S (\57) S (223) S (120) $ (226) S (12K) S (219)

h!lin..lI(...NG:T~~lii.

Corporaie SG&A &

Other 659 156 47 169 3&4 Contingeni)'Capex 191 25 25 25 25 25 252Ml 47567 310 266 127 25 25 25 612 487490 27 30 25 1506 ll9 25 2S 25 1.443 25 25 25 92 16K 47 1,244 Prnf~sinnal Fee 30 127 30 25 25
4.509
692 1.206 5,005 3.846 279 867 \,H9.l .~,029 K05 1,075

Monthly Interest Paym\.'tlt 343 475 562

307 (169) (25)

Total Receipts Total Operaiing Dishursemcnis

1234

1_032 1,077

(UN3)
(1.075) (745)

(1.H)
(1.9"')
(1.97X) 3 io (692) (2,716) (46) (2.024) (131)

.!
(120(,)
(535) 1.443

~ ~ ~
1.91UL (.1.846) (4.381) (2.357) i588) (4,969) (22531

.~6 1,742

3,OX5

(1.R4)

(1.0'1) (l.X74)
(9XI) (1.651)

(1.06)
(2,765) (1,2291
50R 304

Net Operaiiiig Cash Flow Cumulative Net Operating Cash Flow Rolling Cumulative Net Operating Cash Flow (I,X93) (I,X93)

1.224 .q 1.214

(\.075)

0,(47)

3.386 670 1,415

(5.579) (610)

(J,ON5) (K,664) (7,6l\3)

Swap St'tll~mt'nis . Bc:ta (552) (552)

(l08)
(25) (355) (490)

(165) (355) (30)

(169) (1.506)

(37)
(165) (567) (562)

Total Capex Inial Professional Fees Monthly Interest Payment

no)

(in)
1.545 930

(462) (30) (3-D) (1.910) 2.840

(2&6) (25)

(355) (27) (475) 2,530

020)
0,590)
3.-10
5,050

1337) (266)

(127)

(329) (1.443)

Total Cash Flow (Need) Cumulati\'e Cash Flow (Need

(2,475) 2,475

0,545) 4.)84

(3.733) 8,783

(2,262) (11.045

2,694 8,351

.~i':llmT:WI:iii.
500 (2,005) 3.000 (720) 775 ~ ~() 500 355 (470) 720 500 855 1055 (lX3) IR3 775 1,190

(1.27) (1.13) (97~1 (1.61) 2.771 (1,115) (),63l) (2,106) 2.,7S0 (2,149) (1.20) (9.11\4) (4,776) 2.0()() 1.600 i .0110 1,600 1,600 3JHlO 2,300 2,300 i .50n Q.400 4,IJflO (lIB) (332) (276) (241) (475) (102) (157) (85) (120) (~R) (12S) (~ii
(1,190) (90) (55) (22) (64) (2,530) (10) (67) (38) (2.694) (32) (91) (RS)

\,940 X40 805 772 SI4 3,280 760 817 71\S .1,44 7S2 841 X.lI\

PERL Balance Net Cash rlow PERL Borrowmgs PEAO Funding Cash Sw\."\p E.ndin~ Balance

~
1,940 500 (332) 332 500

840 805 772 814 3..280 760 817 788 .~,444 782 841 838 7f)3

son 909

sou (I02)
500 (241 ) 241 1.409 500 500 (475) 475 1,409 (276) 276 (909) 500 500 102 500

:'00 (S8) 500 (157) 157 500 500 (85) R5 500 500 (120) 1211 500

PE..\() Balance !'et Cash Flow PERL Funding CashSw\."\T'

""
500

500 (I:!XI 12S 500

500 (Xii RI 500

Endin~ Balance

ll
500

.I0fo

(6.,00)

Betii Earn Out Segregah:d Funds AERA Rc:strit~d Cash Contribution Nob!. Rc.'trii1.ct ish Contribution Ending Halance

~
7,106

7,106

AK St:b'l~gat~d Funds Ri.'Strii.-ieJ Ca'ih Contribution!' Ending Biilance 3.fIO

~
36

36 36

PERL biirrown~s net OfsWl~P

(25)

455

1,510

945

669

(64)

(930)

3,790

2.233

(38)

(394)

1.468

i;.309

.i,IH2

i of3

i 211iV200Q

Pacific Energy Resources Ltd,

DIP Budgci - Amcndment IIQ Confidential

Wl.~kly DIP Forl.'4ast (US S's in IhOlI,,'und.l")

~"minl'~f!:flll'
26,956 26,815 25,900 26,768 26,721 26.675 26.62S 25.206 26,909 26.K62

il
m.
7flO 8/28 9/25 9/11 7/17 7/31 8114

11
m
8/2t
9fl8
26,089 7,OQ8 25.900

~
26,250
26,204

BalTds produce
6.047 5.Q65 6.433

Rcvenue receipts

2,246
388 749 462

413 631 399 37Q 63fl 411

1,436 632 401 1,91K 696

1.706 630

6"

Royaliy payments LOE SG&A I pl.'Tfonnancc bond Critical VI,,'ldor payments Operaiing outflows

41J
2.068
631 399 2.931 .H9 6.fl54 411 401

2,3.1
630
2,624
,,88 749 (74Q) 15 117 6,636 462 (630)

Opl.'laiing cash flow 5,634 (2,06l() (631)

(401)
(2.337)
125 117 166 166 166 166

5.554

(399)
(2.624)

('"')
(2.931)
15 132

Growth CapEx Mainlcnancc CapEx 293 125 125 125

1i5

in

.,m~
1,923 174 174 1.400 1.921 1.920 174

Total Cash Flow

5.341

(2.192) (525) (720 _5.429 (2.461) (565) (795) 5.888 (2,7901 (505) (865) 6.,"9 (3.077)
1.25
1327
1,135

BalTels produce

Revi;nui; ri;ciipts

1.40 S
60 44 160 160 53 7 45 5~

1,760

H2

Royalty pymcnl:i LOE SG&A I pcrfonnancc bond Unific Coirunand Critical \'i;ndor payini;nts Oper.iing outflows

4'

74 10

"
70 242 (242) 22 88 43 43 (194) (59) (226) (192) (59) 43 59 226 59 194 192 377 763

60 10

160 S2

184 10

153 39

153 73

~3R 3

99 50

104 208 84 208 (20S) 22 22 (R4) 22 (104)

340 (340)

149 1.611

OpcraTing c;ish flow

(iox)
PO)
22

Growth CapEx Maintellllt'c CapEx

!.
(115)

.J
75t( S (345)
1,596 47 25 732

Total Cash How

(230) S (1061

(230) $ (92) S (264) S (194) S (2S0) $ (102) S (269) S (102)

1l.'i'.'lrii.I'lT..m'i'"
47 176 25 563 495 674 25 441 299 25 9t)5 169 25 751 47 25 336

2;
575

Corporaie SC&A & Oihcr Contingent)' Capex Profi;:;slOnal Fi;c::; Monthly Interc:1 Paynii:oi 47 25 369 563 169 25 40 401 25 19' 574

313 25 472

249 15 161 328 1.140 494 5.593

"94 15 12H2

107 25 423 545 7,09'6

Tolal ReL'Cpis rotal Operating Di!ihursements

6,047
2,445 2,'677 641 (641)

~
2l
(53!)
(2,877)
5,354

:'eI Oper iing Cash Flow Cumulaiive ;-et Operaiing Cash Flow Rolling Cumulative Nel Operating Cash Flow

0..10,
(2..62)
(5.2J9)
516 298

(2.445) (5.755)

!.
5,965 52M 5.437

~
(279) (40)

6.433 840

~
(991) (6.870) 929

~ ~
(1.78)
1.0S5

\.760 3.287

(1.27)
(3.163) (4.441) 799
1,494) (4,935) 945

(546) 301

(l,t(t(li

(6.lX6) (707)

(1.513) (7.799) "65

(5."'0)
407

9"
(172) (9Q5
(4,043) 11.028
(191) (575)

(-i,~5l (5,170) 1.700

5.402 232 1.510

(~,29;)
3.146 2Q5 (234)

Swap Sc:uli;mi;ots - Bda

(In)
(17)
(172) (441) (563)

(17)
(19')
(574) (134) (472) (185) (7.12) (147) 11.11 (UR)

Total Capi:x Tolal Professional rL"C Monthly lnlcrcsl Payment (32Q) (563) (495)

(751) (3.367) 18.455 (738) 19.193 (2.125) 21.319

4.334 1(1.985

(17::) (336)

i3(9)

(1202)
(1,108) 22.136 (1.309) 23.445
4.587 18.858

Total Cash flow (Need) Cumulative Cash Flow (Need

3.966 15.088

(3,869) 22.727

ii~:miliill..
3,S43 0,276) (632) (2.034) 4.194 0,917) (914) (1.60) 4,690 0,730) (J ,309) (\.642) 4,369 (4,507)

PERL Balance

793 4.478 7'0 812 S25 4,!l52 807 842 841 7.237 781 X3t) 757 7,874

:'et Cash rlow PERL Borrowings PEAO Fuiiding CashSwc.-p Ending Balance

4 478 783 812 825 4,851 807 842 841 "1,2.3 _ 781 839 757 7.874 780
500 (1151 115 500 (92) Y2 500 7,344 500 500 (106) 106 500 7,106

(115) (92) (106) (n) (92) (126) (194) (150) (W2) (l3t)) (102) (2521 (345) (164) (43) (3.728) (H) (62) (75) (4.102) (57) (92) (91) (6.487) (31) (891 (7) (7.124)
500 500 500 (92) 92 500 500 (92) 92 500 500 (126) 126 500 500 (194) 194 500

3.400 xoo 2.200 4.100 1.z00 1,400 I,QOO 3,900 l,50n 1,900 3,100 4,7flO

PEAO Balance :'eI ('ash Flow PERI. Funding

sou (1501 150

500

(IOl)
102 500

(!9)
13'J 500

500 (102) 102 500

500 1 ,640 50() SXX (345) 1.596

l51 345 1M
7,344
7,344

Cash Swc."

(1.140)

Ending Ralance

1.640 500 2,260

7.,44
7,576 7,576 7.576 7,576
7,576 7.576

7,576

7.576

7,576

Bela Earn Oul Scgregatc. Ftmds AERA Ri;striti;d Cash Contribution Noblc Rl."Stril.1ed Cash Contrbution Ening Balanc
36 36

7,344 7,344 7,344 7.344 7,576

(238) (231)
36 36 36 36 36 36 36 36

7,576 36 36

7,576
36 36

7;576 36

7,576 36

7,576
36

7.576 36

7,576 36 (178)

7~76
214

7,576

AK Si;gri;gati; Fund." RcsiriL1cd Ca.-ih Contributions Ending Balana:

36 (43)

36

36

36

ii
(J28)
767

214

214 (230) 444

PERL borrowings net of SWi"Cp

2,138

(75)

(2)

1.143

1.308

1,809

(2.587)

1.469

1.811

1.953

(2,424)

i or3

12/IS/200t)

Pacific Energ)" Resources Ltd. Weekly DIP FOrL'(asl

DiP Budget - Amendment #9 10/2 Contideniial 11120 11127 12/4

(US $'s in iliuii,wnds) 10/30

.:lI..~imJl1n.inll,'
25,855

.!
1l6
11113 12118 12/25

J. .!
il
Total
1,121,639 26,318

il
25,416 7.404 25.372 26,364

Barrels produce
26,250
22.558

26.204
25,550 7.641 25,550 25.505 25,461

27,4n
25,505 59,008

Rc:venuc: receipts

6.489

1.20
20,417 779 560 42,795

Royalty payments LOE SG&A I pertormance bond Critical vendor payments Operating outflows 553 628 388 592 382 1.955 593 489 592 2,4H2 482

5al
381 590

2,3H9 400

il,HtH

553 592 (553)

628 388 (38R) 54 54 54 48 3.941 (4R'l) 2.548 382 591 381 590 2,789 1.999 (5'l1) 592 2.964

489

Operating cash flow

(628)
54

(592) (590)
40 38
65 .18 65 3'

(382)
48
10 48 30 38 10 53 10 .18

7.04a

(2.a64)
(381)

4,615

(1.t9a)
1,805 5,466 8,942

\6,213

Gro\\lh ('apEx Mainlenance CapEx 15 132

Total Cash Flow

(700) (682) (442) 3,887 (543) (639) (429) 6,992 0,(27) (659) (449) (668) 4,512 (2.102)

.,r:,iinmn
52,884

Barrels produced

Revenue receipts

436

250 S
42 IS 42 65 16 95 15 75 13 10 J 10 592 26 501

50 S

5,594
1,640 4,481 2,044 SO 501

Royalty payments LOE SG&A I performance hond 90 53 72 3

135 60 54

Unified Conund
249 107 111 618 139 27 23 (107) t24'l) 143 74 57 362

Critical vendor payments Operating outflows

90
13 (13)

8,625

.:
(501)

Operating a..h (low

(143)
(57) (90)

(61')

(3,031)
727

Gro\\lh CapEx Maintenance CapEx 15

T olal Cash Flow

(264) $ (143) $ 362 S (57) $ (107) $ 139 $ 27 $ (90) S (13) S - S (61') $ - ~$_ _I501)

(3,75S)

k!tl'l-ltr...I"mi....n'lll

Corporate SG&A & Other 200 114 427 114 201 104 383 129 201 104 310 122 797 205 13,165

ContingcncyCapex 25 25 25172 535 25 25 253S6 609 25 25 25 25 17,297 Fee 439 443 250 464 311 25 25 295 26R 25 25 205 305 321 1,075
436
250 7.641 1,002 885 (885) (3.182) 1,9lHt (453) (3.635) 3.769 135 1.429 (7971 (662) 1,634 (557) (1,219) 1,963

Professional

Monthly InlLrest Payrl.-lt 556 569 555 i 32 5,696

7.404
6')5

Total Reo:ipis Total Opcraiing Disbursements

6.489 2,720
797 50 788

~ ~
(738) (1,957) 1,678
6.830 4.873 4.738
(73) (535) (83) (295) (569)

~
5,883 21.967

..
(3.179) 1.694 2,356

.!
(695) 999 2.11 ~ (88) (268) (93) OH6)

2.
(7JJ)
(1,382) (3X3) 1.574

4,oin
3.317

2.204

64,602 64.585

(2204)

18

~el Operating Cash Flow Cumulative Nel Operating Cash flow Rolling Cumulative Net Operating ('ash flow
(1.002) (2.297) 1,63H

(~,06)
(5.968)

(3.M7)
(79) (250) (79)
(79) (464) (556) (73) (172) (802) 26,505

2222 52'
(93) (609)
(3,534) 25,502 (1,174) 26,675
(103) (205)

I' (9'1)
I,HI4

Sw.ip Settlements - Beta (187) (439) (79) (443)

Total Capcx Tolal Professional Fex"" Monthly Interest Payment

Pll)
(1.187) 25,703

(128) (305) (555) (2,084) 28,759 (1.021) 29.780

(128) (321) (132)

(9,073) (17,297) (5,696)

Total Cash Flow (Need)

0,627)
24,998
(1,407) 26,405

Cumulative Cash Flow (:\ecd

(782) 27.186

2,671 24.516

(1,345) 27,850

2,330 27,450

(2.784) (30,235

(30235)

"lrl:m~H..:i.
U9
266 (1.021)

PERL Balance

~el Cash Flo..

(1,64) (1.64) (1.44) 3.172 (J,OMO) (941) (1.72) 5,973 (3,521) ().174) (1,466)

no 823 343 332 6,R21 263 298 255 7.933 .H6 276 2,IOO 1,500 uOO J,9(JC) 1,200 1,100 1.4011 I,SOO J,6t10 uno 2,100

PERL Borrowings PEAO Funding CashSwl.,,1' Endin2 Balanl'e

(264) (143) (74) (SOl) (107) (I I 1) (23) (aO) (13) (618)

1.00

3.191 4,300

7.741 (2.784) 2,lWO

(530) (573) (93) (82) (6,571) (13) (48) (5) (7,683) (661 (26) (16) (79) (7,491)
(13) 13 500 500 (618) (IS 500 500

500 (35,542) 94,600 (7,003) (52,290) 266

823 343 332 6,821 263 298 255 7,933 316 276 266 329 7,741 266 359 50n 500 500 500 500 2.260 51m SOO 936 500 500 750 550

l50
(501) 360
359 359

PEAO Balance ~cl Cash Flow PERL Funding CashSwcl."P

(264) (143) 362 (SOl) (107) 139 27 (aO)

Ending Balance
7,576

264 143 74 (1.760) 936 501 107 7~ 5~ 500 (436) ~O ILL 23 all 500 500 500 (250) (50)
7,576
7.576 7.576 7,576

(2,353) 7,363 (4,9011 359

7.576 7.576 7.576
7,576 7.576

7.576

7,576

7,576

7,576

Beta Earn Out Segregated Fund~ AERA Restricted Cash Contribution Nohle Restrcted Cash Contribution Ending Balance 7,576 444 444

7,576

7576
444 444
927 444

7,576 444

7,576

7,576

7,."76

7,576

7.576

7,576

7,576

7576

7,576

7.576

(6,300) (1,276) 7,576

44
444
1,2117 444 3,3S2

444

444

444

444

444

444

444

67

A K Segregated Funds Rcstrit.'1ed Cash Contributions Ending Balance

44
(90)

444
(5.371)
1,087

444
1.102

444
1,745

444 (4,OM3)

444 1.134

44
2,074

444
l,l184

444 .H,lI 67
4,221

67

~
84
(4.691)

PERL bornlwinJ!5 net of sWt.'Cp

37,409

3 of)

12/18/200'l

Professional Fee Summary

Confidential

Pacific Encrgv Resources, Ltd. Revised DIP Professional Fee Summary

(US 5's in thousands)

~ ~ ~ ~ ~ ~ September October No\'ember December ~

Success Fee
1.250
27
9 121

"-lJ'~-lL

20 90 96 96
175 9 9 162

50 23

97

Debtor ProfessionaL~ Albrecht DcGolyer and MacNaughton Jensen Lunny JIB Auditors Lazard
64 00
43

750 50

Meyer=-. Norr. Penney

102 30

100 26 29

501 125 191

63
15 14 ~ 144

Millstream Energy LLC Nethc:rland S~wcll Omni Management

3~

W
253
723
190

206 478
87
176 116 120 137

33 30 318

412
228
1,047 753

339 262 346

2.479

233

Pachulski Stang Ziehl & Jones LLP Rutan & Tucker LLP SchuUy. Robens Zolfo Cooper

i~
153 10 100 14 100 186 12 6 129 10

444
41 I

400
390 27

iX7

2.296

1.000

Lender Professionals

Andrews Kurth LLP Ashby & G~des Bingham I Rise Energy Counsel

Birch, Horton. Bittner and Cherot

29
196

Reed Ferril

257 2 23
I 3

36 148 30

719

315 56 1.510 60
100

Skadden
226
lOG

25 259

900

iso

79 1,605

Creditor Committee Professionals

Steptoe
13

i07

io

658

Pepper Hamilton i3X

)0

31

21

ncloinc
18 3

24

5 16

99 22 40

iii

218

Other
24
15

45

US Trustee Fcc Auditor Contingency Fec

23

20

105 53

.'lliolllltlllh:l.L Debtor Professionals

---- ~ -- -- -- ~ ~ ~~~__~~ ~~
)6
2
8 3 101 10 114 13 100 5 5 15 8 8 15 5 5 18 101 53 5 34 5 150 101

3.050

1,250

97
162

55 56

Albrecht DcGolycr and MacNaughton Jcn...cn Lunny JIB Auditors

iso
250
71 8

Lard
Ii
87 67 38 22

942
134

750

Mcycrs. Norrs, Penney MilLstream Energy LtC

Netherland Sewell

Ii
514
32R

276 65
154

50

16 391 135 104

39 364 149 109

285 90

200
150 150

400

400

3,622

iso iso
220 300
129 10 100 196

1.473 1,269

Omni Management Pachulski Slang Ziehl & Jones LLP Rutan & Tucker LLP SchuUy, Roberts Zolfo Cooper
444 400
79
13

87 67 34 13 22 253 104 ~9 308 56 19 30 312 121 96 41 i

4 503 145 149 2R7

iso
20

100

100 100 100

2.787

1.000

Lender Professionals

Andrews Kunh LLP Ashby & Geddes Bingham I Rise Energy Counsel

257

6 15 186 15

6 2 107 7

472
3

10 150 i

127 14

100

100

100

245 56 1.747

)
29 82
543
115 141

Birch. Horton, Bittner and Cherol Reed Ferr! Skadden

8 i 196

22 82

6 6 148 9 25 113

338

iso

100

100

100

58 79 1,805

Creditor Committee Professionals

25 892
133 16 131 18

Steptoe
74

Pepper Hamilton

10

i~

Dcloine
21

147 37 74 15

22

30

17

25 8 20

25 6 10

10 10

75 10 10

75 10 10

153

276

Other

US Trustee

15

15

15

15

Fec Auditor Contingency Fee

29

15 9

15 20

15 25

15 25

156 108

3.050

I. Alaska success fee December:

Lard $250,()()0, Millstream S50,OOO

----- ~ ~ -- _ -- ~ ~ ~ ~ ~ ~ _ ~~~~
i ort

12/ I 812009

Capex Summary

Confidential

Pacific Energy Resources, Ltd. Capital Expenditure Plan

3/13
5/1

(US $'s in thousand,)

3/20
6/5

3/27

4/3

4/10

4/17

4/24

5/8
5/15 5/22 5/29

6/12

Bela Capital Exienditure Projects Previous DIP Budget - Projects

53 63
10
13 13

A Dehydration Train Cleaning & Inspection

53 63
10
13 13

53
10 10 10

28

28

28

28

28

Gas Scrubber - 35 Ib

Ellen Center Crane Repairs Centaur Turbine Overhaul #2 Eureka Additional Shipping Pump

Saturn Injection Pump Overhaul # i

10 10 10

io
38
16 7 7 7 6 16 16

io
38
16 7
6 6 6
13 13

1058 1034 1095 1066 1085 1090 1084

38 38
1081

Temporary Injection System Phase II Engineeiing/Prelim. (Phase 2 - 4.5" Sleeving)

38 16 6
6
13

28 42 67 20 27

28 42 67 20 27

42 67 20 27
13

1083
13 13

Pier F Relocation Eureka R TP #4

201 I

6 6

67 67
25
17

7 20 20

6 6 6 25
5

6
13

2012 2013
17 12 12 17

67 67 25 25
5

67 67 25

Eureka RTP #5 Eureka RTP #6 Annual Inspection 6" & 10" Lines
12

20 20 40 20
4

25
5

25
5

13
3

13
3

Edith/lly Power Cable (Prelim.)

40 20 4

20 20 40 20 4

20 20 40 20 4

20 20 40 20 4

Centaur Heat Box #2

100 75 38

100
75 38

28

28

28

S-02 AlB Roof repair Ellen Marine Growth Removal Elly SalU Turbine Repair #2 Elly Sulfa Treat Changeout #1 Elly Centaur Turbine Overhaul #3 Elly Dehydration Train Repairs # i
40 40

40

40

40

50

50

50

50

50
16

50
16

Eureka East Crane Repairs

1087 1077 1060 1012 1076 1093 1088 1092 1096 1094 THD

TBD
1097 1087

Filter Media Changcout #1 Wcmco A Repairs Bi-Annual Inspect 16" Line Rc-inspcction of6ll & 10" Lines

Amended DIP Budget - New Projects

RTP #7 C-42 R TP #8 C-22

Rig Engine Rebuild for Emissions

527
261

527

437

261

261

261

261

124

124

124

124

293

293

Footnote Inclusion of a project in the list above means commitments

are being made; payments may continue beyond the budget

period shown above.

i ot4

12/18/2009

Capex Summary

Confidential

Pacific Energy Resources. Ltd. Capital Expenditure Plan

6/19 6/26
7/3

(US $'s in thousand,)

7/10

7/17
7/24
7/31

8/7

8/14

8/21

8/28

9/4
9/11

Beta Cal,ilaJ Expenditure Projects

Previous DIP Bud~ct - Projects

A Dehydration Train Cleaning & Inspection

Gas Scrubber - 35 Ib

Ellen Center Crane Repairs Centaur Turbine Overhaul #2 Eureka Additional Shipping Pump

Saturn Injection Pump Overhaul # i

1081 1083
201 I

Temporary Injection System

1058 1034 1095 1066 1085 1090 1084

Phase II Engineering/Prelim. (Phase 2 - 4.5" S1ccving) Pier F Rc location

2012 2013
13
13
3 3

Eureka RTP #4 Eureka RTP #5 Eureka RTP #6 Annual Inspection 6" & 10" Lines
100 100

Edith/lly Power Cable (Prelim.)

52
52

Centaur Heat Box #2

52
52 52

S-02 AI Rootrepair
75 38

24 75 38 20 20

24

20
20

20

100

50
16
16
13 13

50
13

40
13

40

40

40

40
13

50
16

100 50
16

100 50
16

100 50
16

40 40
13

40 40
13

Ellen Marine Growth Removal Elly Saturn Turbine Repair #2 Elly Sulfa Treat Changeout # 1 Elly Centaur Turbine Overhaul #3 Elly Dehydration Train Repairs #1 Eureka East Crane Repairs
TBD TBD
1097 1087

1087 1077 1060 1012 1076 1093 1088 1092 1096 1094

Filter Media Changeoiit # i

Wemco A Repairs

Hi-Annual Inspect i 6" Line

Re-inspection of 6" & 10" Lines

Amended DIP Bud~et - New Projects

RTP #7 C-42 RTP #8 C-22

Rig Engine Rebuild for Emissions

293
125

293

125

125

125

125

166

166

166

166

117

117

Footnote Inclusion of a project in the list above means commitments are being made: payments may continue beyond the budget period shown above.

2ot4

i 21 i 8/2009

Capex Summary

Confidential

Pacific Energy Resources, Ltd. Capital Expenditure Plan

9/18 9/25
10/2 10/9

(US $'s in thousand,)

10/16

10/23

10/30

116
1113

Bela Capital Expenditure Projects Previous DIP Bud~et - Projects

A Dehydration Train Cleaning & Inspection

Gas Scrubber - 35 Ib

Ellen Center Crane Repairs Centaur Turbine Overhaul #2 Eureka Additional Shipping Pump

Saturn Injection Pump Overhaul # i

1081
15 15 15

Temporary Injection System

1083
201 i

1058 1034 1095 1066 1085 1090 1084

Phase II Engineering/Prelim. (Phase 2 - 4.5" S1ceving) Pier F Relocation Eureka R TP #4

Eureka RTP #5

Eureka R TP #6

Annual1nspeetion 6" & 10" Lines EdithlElly Power Cable (Prelim.)

24
16

2012 2013 1087 1077

24
16
16

Centaur Heat Box #2

S-02 AI Roof repair

24

16

10

10

40 40
i3

40 40
13
13

1060 1012 1076 1093 1088 1092 1096 1094

40 40
13
13 13

13 13 13 13
13

TBD TBD
10
5 5 5

10
10
13

13

6 6
i3
13 13
13

6 6
13 13

Ellen Marine Growth Removal Elly Saturn Turbine Repair #2 Elly Sulfa Treat Changeout #1 Elly Centaur Turbine Overhaul #3 Elly Dehydration Train Repairs # 1 Eureka East Crane Repairs Filter Media Changeout #1 Weinco A Repairs Bi-Anual Inspect 16" Line Re-inspection of6" & 10" Lines
1097 1087

Amended DIP Bud~et - New Projects

RTP #7 C-42 RTP #8 C-22

Rig Engine Rebuild for Emissions

147 147 147

54

54

54

54

48

48

Footnote Inclw;ion of a project in the list above means commitments are being made: payments may continue beyond the budget period shown above.

30l4

12/18/2009

Capex Summary

Confidential

Pacific Energ)' Rcsourccs~ Ltd.

Capital Expenditure Plan

11/20
12/4

(US $'s in thousand)

1127
1/1

1211

1218

1225

Total

Total AFE

Beta Capital Expenditure Projeels Previous DIP Bud~et - Projects

300
125

A Dehydration Train Cleaning & Inspection

150

Gas Scrubber - 35 Ib Ellen Center Crane Repairs

100 55 125

310 822

Centaur Turbine Overhaul #2 Eureka Additional Shipping Pump

250 250 205
5 5 5 5

440
179 125 231

Saturn Injection Pump Overhaul # I

1081

1058 1034 1095 1066 1085 1090 1084

Temporary Injection System Phase II EngineeringlPrelim. (Phase 2 - 4.5" Sleeving)

1083
201 I

245
100

130

Pier F Relocation Eureka R TP #4

290
189

Eureka R TP #5 Eureka R TP #6

2012 2013

Annual Inspection 6" & 10" Lines EdithiElly Power Cable (Prelim.)
10
10 6 6

Centaur Heat Box #2

6 6

237 400 275 455

6
321

S-02 A! Roof repair

325 325 325 300 86 660 255 300

250
125

297 250
135

480 1.200 600 1,200 150

170
5 5 5 5 5 5

Ellen Marine Growth Removal Elly Saturn Turbine Repair #2 Elly Sulfa Treat Changeout #1 Elly Centaur Turbine Overhaul #3 Elly Dehydration Train Repairs #1 Eureka East Crane Repairs
6 6
13
13

1087 1077 1060 1012 1076 1093 108S 1092 1096 1094
6
5 5 7 5

Filter Media Changeout # I

6
5 7
13 13

Wemco A Repairs
10
i5

200 400
7 10 7
10

Hi-Annual Inspect 16" Line

7 10

Re-inspection of 6" & i 0" Lines

TBD TBD 1097 1087

10
15
15

100 130 150 100

15 15 10
15 15
15 15

150 175

Amended DIP Bud~et - New Projects

5
5 5 5

15

RTP #7 C-42 RTP #8 ('-22 Rig Engine Rebuild for Emissions

58
63

35

35

85 85 80

68

68

78

103

103

7,271

260 260 350 9,096

Footnote Inclusion of a project in the list above means commitments are being made; payments may continue beyond the budget period shown above,

4 of 4

i 21 i 8/2009

Exhibit B
(Appendix B to Credit Agreement - Attached)

674/023353-0035
1058058.02 a I 2118/09

-9-

APPENDIX B TO SENIOR SECURED SUPER PRIORITY PRIMING DEBTOR IN POSSESSION CREDIT AND GUARANTY AGREEMENT

PACIFIC ENERGY RESOURCES LTD. PACIFIC ENERGY ALASKA HOLDINGS, LLC PACIFIC ENERGY ALASKA OPERATING LLC PETROCAL ACQUISITION CORP. SAN PEDRO BAY PIPELINE COMPANY CARNEROS ACQUISITION CORP. CARNEROS ENERGY, INC. GOTLAND OIL, INC.
111 W. Ocean Blvd., Suite 1240 Long Beach, California 90802 Attention: Acting Chief Executive Officer Telecopier: 562-628-1526 Email: gtywoniuk(gpacenergy.com
with a copy to:

Rutan & Tucker, LLP

611 Anton Boulevard, 10th Floor

Costa Mesa, California 92626 Telecopier: 714-546-9035 Attention: Gregg Amber Email: gamber(grutan.com
WIRING INSTRUCTIONS FOR PAYMENTS TO ADMINISTRATIVE AGENT
Bank - Wells Fargo Bank, N.A.

ABA - 121 000248 Account of - Rise Energy Partners, LP

Account Number - 412 1862510

Reference - Rise Energy Beta, LLC

SILVER POINT FINANCE, LLC/SPCP GROUP, LLC/SPCP GROUP II LLC

Operations/Administrative (Funding Notices, Borrowings, Pay-downs, Interest, Fees, Rate Settings):

Silver Point Finance, LLC 2 Greenwich Plaza
1 st Floor

Greenwich, Connecticut 06830 Attention: Irene Wu Telecopier: 203-286-2139

Email: bladminsilverpointcapital.com
Closing (Confirms, Assignments, Original Signature Pages):

Silver Point Finance, LLC 2 Greenwich Plaza

1 st Floor

Greenwich, Connecticut 06830 Attention: Ashley Yu Telecopier: 203-542-4550

Email: ayusilverpointcapital.com

Syndicate and Private Level Credit (Financials, Credit Agreements, Amendments, Waivers,
Compliance ):

Silver Point Finance, LLC 2 Greenwich Plaza

i st Floor

Greenwich, Connecticut 06830 Attention: Benjamin Tecmire Telecopier: 203-542-4162 Email: creditadmin(gsilverpointcapital.com

SPF CDO I, LTD./FIELD POINT I, LTD./FIELD POINT II, LTD.

Operations/Administrative (Funding Notices, Borrowings, Pay-downs, Interest, Fees, Rate Settings):
SPF CDO I, LTD. New York Mellon Corporation c/o The Bank of 525 Wiliam Penn Place, 7th Floor
Pittsburgh, P A 15259

Attention: Christopher Lynch Telecopier: 713-577-5235 Email: 17135775235Docs.LDSProd.com

Closing (Confirms. Assignments. Original Signature Pages):

Silver Point Finance, LLC 2 Greenwich Plaza

1 st Floor

Greenwich, Connecticut 06830 Attention: Ashley Yu Telecopier: 203-542-4550 Email: ayu(gsilverpointcapital.com

Syndicate and Private Level Credit (Financials. Credit Agreements. Amendments, Waivers. Compliance):
Silver Point Finance, LLC 2 Greenwich Plaza
1 st Floor

Greenwich, Connecticut 06830 Attention: Benjamin Tecmire Telecopier: 203-542-4162 Email: creditadmin(gsilverpointcapital.com
Rise Energy Beta, LLC
201 E. John Carpenter Freeway, Suite 610

Irving, TX 75062
Attn: Dickie Hunter

Telecopier: 972.556.2953

Email: hunter(grise-energy.com
With a copy to
Rise Energy Beta, LLC c/o Capitol Corporate Services, Inc.
800 Brazos, Suite 400

Austin, TX 78701
Attn: Brian James Jennings.

Telecopier: 972.556.2953
Email: brianjamesjennings(grise-energy.com

with a copy to:

Robert D. Albergotti Haynes and Boone, LLP 2323 Victory Avenue, Suite 700 Dallas, TX 75219 Telecopier: 214.200.0350 Email: Robert.Albergotti(ihaynesboone.com