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Crude Oil Price Bulletin

COUNTRYMARK COOPERATIVE 

Note:  For current crude oil prices call 1-800-832-5490                                                                                   

                                                    CRUDE OIL PRICE BULLETIN 

Effective 7:00 A.M. on dates indicated below, subject to change without notice and subject to the terms of its Division Orders, Countrymark Cooperative, LLP will pay per barrel for merchantable crude oil purchased from the operator's lease tank and delivered to Countrymark Cooperative, LLP, or its authorized agent.   

                                                   Illinois, Indiana & Kentucky     
Effective 6-01-08 - $119.00 Effective 6-17-08 - $125.75
Effective 6-02-08 - $119.50 Effective 6-18-08 - $128.50
Effective 6-03-08 - $116.00 Effective 6-19-08 - $123.75
Effective 6-04-08 - $114.00 Effective 6-20-08 - $126.25
Effective 6-05-08 - $119.50 Effective 6-23-08 - $128.50
Effective 6-06-08 - $130.25 Effective 6-24-08 - $128.75
Effective 6-09-08 - $126.25 Effective 6-25-08 - $126.25
Effective 6-10-08 - $123.00 Effective 6-26-08 - $131.25
Effective 6-11-08 - $128.00 Effective 6-27-08 - $132.00
Effective 6-12-08 - $128.50 Effective 6-30-08 - $131.75
Effective 6-13-08 - $126.50  
    
The average posted price for the month of June was $126.325                                                                                                                  The average Nymex price for the month of June was $134.605                                                                                    

(40 - 30 Gravity Flat)   (Below 30  .015 per .1)                                                                                                       

Quantities purchased will be computed on 100% tank tables or mutually acceptable automatic measuring equipment, corrected to 60 temperature, with full deduction for B.S.& W. content.    Countrymark Cooperative, LLP will not accept crude oil containing halogenated, chlorinated or oxygenated organic compounds (such as but not limited to Carbon Tetrachloride, 1, 1 Dichloroethane, Trichloroethane or Tetrachloroethane, Isopropyl Alcohol, Ethyl Alcohol, Methanol, Glycol, Acetone).  These and like compounds may cause severe equipment damage in the refinery. Contamination usually occurs when a producer uses one of these chemicals in treating wells, flow lines and lease tankage to remove paraffin buildup.  A small volume of crude contaminated with oxygenated or halogenated compounds can render large volumes of crude almost valueless. Any seller delivering crude oil to Countrymark Cooperative, LLP containing such contaminant will be held liable for all damages resulting from that delivery.                                                                          COUNTRYMARK COOPERATIVE, LLP