PURCHASE AND SALE AGREEMENT BY AND BETWEEN PETROLEUM DEVELOPMENT CORPORATION (Seller) AND COG OPERATING LLC (Buyer) ANDREWS, MARTIN, ECTOR AND MIDLAND COUNTIES, TEXAS Dated December 20, 2011Purchase and Sale Agreement • March 1st, 2012 • Petroleum Development Corp • Crude petroleum & natural gas • Texas
This Purchase and Sale Agreement (the “Agreement”), is dated December 20, 2011, by and between and Petroleum Development Corporation (dba PDC Energy), a Nevada corporation, whose address is 1775 Sherman Street, Suite 3000, Denver, CO 80203 (“Seller”), and COG Operating LLC, a Delaware limited liability company (“Buyer”), whose address is 550 W. Texas, Suite 100, Midland, Texas 79701. Seller and Buyer are individually referred to herein as a “Party” or collectively as the “Parties.” The transaction contemplated by this Agreement may be referred to as the “Transaction.”
