Confidential Portions Redacted and Filed with the Commission pursuant to 17 CFR 200.83. “***”
Symbolizes Language Omitted Pursuant to an Application For Confidential Treatment
TESORO Contract No: BEC09TP0003
Berry Petroleum Company Contract No: Please Advise
Berry Petroleum Company 1999 Broadway Ste 3700 Denver, CO 80202
Attn: Ron Cross
This Agreement confirms the transaction previously discussed between TESORO REFINING AND
MARKETING COMPANY, a Delaware Corporation (hereinafter referred to as "TESORO" or “Buyer”), and
Berry Petroleum Company (hereinafter referred to as "Seller”) TESORO agrees to purchase, and Seller agrees
to sell, Crude Oil under the terms and conditions set forth herein and Conoco's General Provisions for Domestic
Crude Oil Agreements dated January 1, 1993.
1. IDENTIFICATION OF CRUDE OIL BATCHS, DELIVERY POINTS, QUANTITIES AND
PRICES: The Crude Oil being purchased hereunder is a crude petroleum oil, in its natural produced state after
normal oilfield separation, as specified and identified below. The Crude Oil will be delivered and sold in four
separate batched deliveries, with the tems of sale of each batch as follows:
QUALITY: San Joaquin Valley Heavy
QUANTITY: Approximately 5,000 Barrels Per Day
DELIVERY: Delivery to the point of destination, SMWS Berry Central, CA, Into Pipe, Book
Transfer, In-tank, or Pumpover.
TITLE/RISK OF LOSS: Except as otherwise specified in this agreement, title and risk of loss or
damage shall pass to TESORO as the crude oil enters the ConcoPhillips (Unocal) Pipeline or other
common carrier pipeline through the inlet flange of metering facilities at SMWS Berry Central, CA.
PRICE: TESORO agrees to pay Seller based on the following price formula:
The price shall be the higher of the two following calculations, to be determined at the end of each month.
1) The average of the four posters (Chevron, Union 76, Shell, and Exx