IN THE MATTER OF ALLEGED VIOLATIONS OF THE              CAUSE NO. 1
RULES AND REGULATIONS OF THE COLORADO OIL
AND GAS CONSERVATION COMMISSION BY                         ORDER NO. 1V-161
BLACK THUNDER MARKETING, INC.,
WASHINGTON COUNTY, COLORADO

REPORT OF THE COMMISSION

This cause came on for hearing before the Colorado Oil and Gas Conservation Commission on October 19, 1998 at 8:30 a.m. in Suite 801, The Chancery Building, 1120 Lincoln Street, Denver, Colorado, after giving Notice of Hearing as required by law, on why Black Thunder Marketing, Inc. is in violation of Rule 326.b. and why the Commission should not invoke the provisions of §34-60-121 C.R.S., as amended, to assess penalties for violations of the Rules and Regulations of the Commission.

FINDINGS

The Commission finds as follows:

1. Black Thunder Marketing, Inc. is an interested party in the subject matter of the above-referenced hearing.

2. Due notice of the time, place and purpose of the hearing has been given in all respects as required by law, and that

3. The Commission has jurisdiction of the subject matter embraced in said Notice, and of the parties interested therein, and jurisdiction to promulgate the hereinafter prescribed order.

4. On July 21, 1997 Colorado Oil and Gas Conservation Commission (“COGCC”) staff sent a Notice of Alleged Violation (“NOAV”) to Black Thunder Marketing, Inc. (“Black Thunder”) for the Swan "C" #1 Well located in the SW¼ NW¼ of Section 22, Township 2 South, Range 56 West, 6th P.M. The NOAV cited a violation of Rule 326.b., all shut-in wells shall pass a mechanical integrity test (“MIT”). The last reported production for the Swan "C" #1 Well was August, 1991. The abatement action required that the well be either put on production, pass a MIT, or be plugged and abandoned. The NOAV had an abatement date of September 21, 1997.

5. On August 11, 1997 the COGCC received a copy of a notice from the U.S. Bankruptcy Court, District of Wyoming. The notice indicated that Black Thunder had filed for Chapter 7 bankruptcy on May 14, 1992.

6. The Washington County Tax Assessor has notified COGCC staff that Black Thunder is delinquent in paying taxes on the Swan "C" #1 Well and has requested assistance.

7. First Interstate Bank of Sheridan, Wyoming established an irrevocable Letter of Credit for plugging and abandonment surety for the Swan "C" #1 Well on April 20, 1988. The Letter of Credit states that the Letter of Credit shall be automatically extended each year unless the Commission receives notice of election not to renew. The Commission has no record that it was notified by First Interstate Bank of an election not to renew the Letter of Credit for the Swan "C" #1 Well.

8. Based on testimony and exhibits presented at the hearing by COGCC staff, the Commission finds that failure to either produce, MIT, or plug and abandon the Swan "C" #1 Well is a continuing violation of Rule 326.b. by Black Thunder.

9. A monetary penalty of Two Thousand Dollars ($2,000) should be assessed against Black Thunder for violation of Rule 326.b. in accordance with Rule 523.a. The base fine for violation of Rule 326.b. is One Thousand Dollars ($1,000.) per day.

10. In accordance with Rule 523.d. the Director considers the following to be aggravating factors to be used in determining the fine amount; Rule 523.d.(1), the violation was intentional or reckless; Rule 523.d.(2), the violation had a significant negative impact, or threat of significant negative impact on the environment or on public health, safety, or welfare; Rule 523.d.(6), the violation involved recalcitrance or recidivism upon the part of the violator; and Rule 523.d.(8), the violation resulted in economic benefit to the violator.

11. Based on the testimony presented, an order of the Commission should be entered finding Black Thunder in violation of Rule 326.b., all shut in wells shall pass a mechanical integrity test, for the Swan “C” #1 Well located in the SW¼ NW¼ of Section 22, Township 2 South, Range 56 West, 6th P.M. The Commission should invoke the provisions of §34-60-121 C.R.S., as amended, to assess penalties for violations of the Rules and Regulations of the Commission and a fine of Two Thousand Dollars ($2,000) should be assessed payable within thirty (30) days the order is issued.

ORDER

NOW, THEREFORE, IT IS ORDERED, that Black Thunder Marketing, Inc. is hereby found in continuing violation of Rule 326.b., all shut-in wells shall pass a mechanical integrity test, for the Swan "C" #1 Well located in the SW¼ NW¼ of Section 22, Township 2 South, Range 56 West, 6th P.M.

IT IS FURTHER ORDERED, that Black Thunder Marketing, Inc. shall be assessed a fine of Two Thousand Dollars ($2,000) for the violation, payable within thirty (30) days of the date the Order is issued.

IT IS FURTHER ORDERED, that Black Thunder Marketing, Inc. shall be required to either produce, or perform a successful mechanical integrity test on, or plug and abandon the Swan "C" #1 Well within thirty (30) days of the date that the Order is issued.

IT IS FURTHER ORDERED, that if Black Thunder Marketing, Inc. does not comply with paragraphs two and three of this Order COGCC staff shall make a claim on Black Thunder Marketing's plugging bond and plug and reclaim the Swan "C" #1 Well. If plugging and reclamation costs exceed the bond amount the Commission shall confiscate available equipment and tubulars for salvage in accordance with §34-60-124(6)(c), C.R.S.

IT IS FURTHER ORDERED, that in accordance with §34-60-121(7), C.R.S. the Commission shall not issue any permits to drill to Black Thunder Marketing, Inc. until Black Thunder Marketing, Inc. brings the Swan "C" #1 Well into compliance with Rule 326.b. and remits the fine.

ENTERED this 19th day of November, 1998 as of October 19, 1998.

OIL AND GAS CONSERVATION COMMISSION OF THE STATE OF COLORADO

By Patricia C. Beaver, Secretary

Dated at Suite 801, 1120 Lincoln Street Denver, Colorado 80203 November 19, 1998

(1V#161)