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LOCATION: Woodlands, Texas PACKAGE AMOUNT: $250 mil. ADMINISTRATIVE AGENT: Chase Manhattan SYNDICATION AGENT: PNC Bank DOCUMENTATION AGENT: NationsBank BOOK MANAGER: Chase Manhattan OTHER LENDERS: ABN Amro, Bank One, Scotiabank, Bank of Tokyo- Mitsubishi, Wells Fargo Bank TYPE: Revolving credit facility PURPOSE: General corporate purposes ACTIVE: 03/15/1999 MATURITY: 07/29/2003 PRICING: Based on ratings and level of utilization; if BBB+/Baa1 or greater, Libor + 50 bps; if BBB/Baa2, Libor + 70 bps; if BBB-/Baa3, Libor + 87.5 bps; if BB+/Ba1 and usage is 1/3 or less, Libor + 112.5 bps; if BB+/Ba1 and usage exceeds 1/3, Libor + 125 bps; if lower than BB/Ba2 and usage is 1/3 or less, Libor + 137.5 bps; if lower than BB/ Ba2 and usage exceeds 1/3, Libor + 150 bps COMMITMENT FEE: 12.5 to 37.5 bps BUSINESS: Oil and gas exploration and production company RATING: BBB-/Baa2