POGO PRODUCING CO
PAUL G. VAN WAGENEN EXTENSION AGREEMENT
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<TYPE>EX-10.16
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<FILENAME>dex1016.htm
<DESCRIPTION>PAUL G. VAN WAGENEN EXTENSION AGREEMENT
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<TITLE>Prepared by R.R. Donnelley Financial -- PAUL G. VAN WAGENEN EXTENSION AGREEMENT</TITLE>
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 <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>EXHIBIT 10.16 </B></FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>EXTENSION
AGREEMENT TO EXECUTIVE EMPLOYMENT AGREEMENT </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>between Paul G. Van Wagenen (&#147;Executive&#148;) and </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2"><B>Pogo Producing Company, a Delaware corporation (&#147;Company&#148;), </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>dated effective February 1, 2002 </B></FONT></DIV> <DIV><FONT
SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:27px"><FONT FACE="Times New Roman" SIZE="2"><B>WHEREAS</B>, Executive and Company are parties to an &#147;Executive Employment Agreement&#148; bearing an original &#147;Effective Date&#148; of
February 1, 2001; and </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:27px"><FONT FACE="Times New Roman" SIZE="2"><B>WHEREAS</B>, February 1, 2002, (even date herewith) is hereby deemed to be the &#147;Renewal
Date&#148; in that Executive Employment Agreement; and </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:27px"><FONT FACE="Times New Roman" SIZE="2"><B>WHEREAS</B>, Executive and Company each wish to extend said Executive
Employment Agreement for an additional one-year period so as to terminate (unless further extended) two years thereafter, (to-wit January 31, 2004); and </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:27px"><FONT
FACE="Times New Roman" SIZE="2"><B>WHEREAS</B>, Company desires to retain the services of Executive for the benefit of Company and its shareholders, and desires to induce Executive to remain in its employ for that extended time period; and
</FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:27px"><FONT FACE="Times New Roman" SIZE="2"><B>WHEREAS</B>, Executive has agreed to continue to serve as an employee of Company for the period specified herein from and
after the date of this Extension Agreement; and </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:27px"><FONT FACE="Times New Roman" SIZE="2"><B>WHEREAS</B>, Company and Executive desire to enter into this Extension
Agreement in order to formally secure for Company the benefit of the experience and abilities of Executive, and to set forth the agreements and understandings of Company and Executive; and </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV
STYLE="text-indent:27px"><FONT FACE="Times New Roman" SIZE="2"><B>WHEREAS</B>, Company has advised Executive that execution and performance of this Extension Agreement by Company has been duly authorized and approved by all requisite corporate
action on the part of the Company. </FONT></DIV>

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 <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:27px"><FONT FACE="Times New Roman" SIZE="2"><B>NOW, THEREFORE</B>, in consideration of the foregoing and the mutual promises and agreements
herein contained, and in consideration of the sum of $10 paid by Company to Executive, receipt whereof is hereby acknowledged by Executive, Executive and Company do hereby agree as follows: </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV
STYLE="text-indent:27px"><FONT FACE="Times New Roman" SIZE="2">1.&nbsp;&nbsp;&nbsp;&nbsp;The Executive Employment Agreement between Executive and Company bearing an &#147;Effective Date&#148; of February 1, 2001 and a &#147;Renewal Date&#148; which
is deemed herein to be February 1, 2002, is hereby extended for an additional one-year period commencing February 1, 2003 and ending January 31, 2004, unless such employment period is hereafter further extended for an additional period by both
Executive and Company. </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:27px"><FONT FACE="Times New Roman" SIZE="2">2.&nbsp;&nbsp;&nbsp;&nbsp;All provisions of the Executive Employment Agreement between Executive and
Company dated as of February 1, 2001, and as it is herein amended, are continued in full force and effect without change as if the Executive Employment Agreement had been initially effective as of February 1, 2002. </FONT></DIV> <DIV><FONT
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<TD VALIGN="top" COLSPAN="3" WIDTH="43%"> <DIV><FONT FACE="Times New Roman" SIZE="2">P<SMALL>OGO</SMALL> P<SMALL>RODUCING</SMALL> C<SMALL>OMPANY</SMALL></FONT></DIV> </TD> </TR>
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<TD VALIGN="top" WIDTH="3%"> <DIV STYLE="margin-left:13px; text-indent:-13px"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center" WIDTH="43%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;J<SMALL>OHN</SMALL> O. M<SMALL>C</SMALL>C<SMALL>OY</SMALL>,
J<SMALL>R</SMALL>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></DIV> <HR NOSHADE COLOR="#000000" ALIGN="left"></TD> </TR>
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<TD VALIGN="bottom" ALIGN="center" WIDTH="43%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>John O. McCoy, Jr.<BR>Senior Vice President and<BR>Chief Administrative Officer</B></FONT></DIV> </TD> </TR>
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<TD VALIGN="top" COLSPAN="3" WIDTH="43%"> <DIV><FONT FACE="Times New Roman" SIZE="2">ATTEST:</FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;J<SMALL>OEANN</SMALL> K<SMALL>INGDON&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</SMALL></FONT></DIV> <HR NOSHADE COLOR="#000000" ALIGN="left"></TD> </TR>
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<TD VALIGN="top" COLSPAN="3" ALIGN="center" WIDTH="43%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Assistant Corporate Secretary</B></FONT></DIV> </TD> </TR>
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<TD VALIGN="top" COLSPAN="3" WIDTH="43%"> <DIV><FONT FACE="Times New Roman" SIZE="2">EMPLOYEE:</FONT></DIV> </TD> </TR>
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<TD VALIGN="top" COLSPAN="3" ALIGN="center" WIDTH="43%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;P<SMALL>AUL</SMALL> G. V<SMALL>AN</SMALL>
W<SMALL>AGENEN&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</SMALL></FONT></DIV> <HR NOSHADE COLOR="#000000" ALIGN="left"></TD> </TR>
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<TD VALIGN="top" COLSPAN="3" ALIGN="center" WIDTH="43%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Paul G. Van Wagenen<BR>Chairman, President &amp; CEO</B></FONT></DIV> </TD> </TR>
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