STEPHENS ENERGY CORP. - The Railroad Commission of Texas

3.1(e): Canp.cYw (ud h not .Q1.l, buts stated pmmt. Shrhkago b
not sdu8l. but Veetne8 the lheoratical cbmivatbn, whlch wl( be
hlPh. YortPOPan(rrcb..rna(sd~.amMm~barisd
&mt&a~ product Thir m u m
b ahby.
3.1(1): ~canakart should be mutwl.
32 (b): The floord .0425/gaL k mreasonable. Tff h o d be actual.
32(q:&~tadrbovc,thasmciencytaclonseamkw~a~tbn
plam I would not agme to those factom unhu I txw dual dab. This k
6.3:Thkbe.WmnsIwcllMno(budcprsg~h SoOlheb~t
wnlnoc d 8.1. Yow dent will be lodtd. tf a well onnot no1 buck
preaum, and nclthcr puty b wUhg lo lnrbll the nsces~cy aunpressbn.
then the Sew should get a mbase as to the wells In quedon. similar b
me quamy won. 8.1: 1 rmu# be my ucrpidous dlhh dnuw if Mibhsl has mheml
hiemththe~1neP-7mmNoir. k~.MitcheLIIdiihaw
S U hiW6Si. ~ could the pmvlrrion, in pad to dnkr resmves. Thk can
bO~by~mSph~~d'daDyolbwobbgwRh.dplby,fuU
prontsd ollovobla'. AND by the W e take obGgation on a
monuly.mmtoa"~W, baris
8.1: See comment abovs on section 5.3.
8.3: lhii promhion should be dclekd. Then b no purpose (w under tho
ambactibr~tolszthtudlc.ond.as~.thaemavbo
qwsUde motivw for Mlleh.1 doing &. Also. the tMn. %inergen*.
needs to be dehd. if we puml the clause.
10.2: Industry by mk will k upheld in couR 'Loss or dedlne of
recob miuk& Is a red hming. Don? &fee to this. N.go(iota a
bke-orickase amepl In the quantity pmridan hslead.
1 1.1 : No possiWi of rklItlng a 80 dbburvement cyde 1 yow client b
no( ths mpremtatiue.
11.3: Thm b not a nlM roaron fa suspendlng payment MLtcheP, If
anything. should be indemnified frwn paylng tho known r epmsen~.
13.4: Ywr client Lt giving up lb Mhts under Texas revenue standards
legblabion by exdudlng Interest
13.8: hrduaby standard on Witions h 2 ysen VS 1 year.
16.7: As noted above, this needs to be deleted. Thls Just aids Miichelfs
wlnpwveeffwb.
16.8: It may be well to insert a clause precluding punitive and exernplay
dam%-.
.