HomeMy WebLinkAbout760005.tiff RESOLUTION
RE: AUTHORITY TO SIGN OIL DIVISION ORDER REGARDING CONTINENTAL
OIL COMPANY, DRAWER 1267, PONCA CITY, OKLAHOMA 74601 -
LEASE NO. 603537 (AMOCO PRODUCTION COMPANY) - NORTH HALF
OF THE SOUTHWEST QUARTER OF SECTION 13, TOWNSHIP 2 NORTH,
RANGE 67 WEST OF THE 6TH P.M. IN WELD COUNTY, COLORADO.
WHEREAS, Weld County, Colorado, is the owner of an interest
in original Lease No. 603537 (originally with Amoco Production
Company) on a portion of the North Half of the Southwest Quarter
of Section 13, Township 2 North of Range 67 West of the 6th P.M.
in Weld County, Colorado, and
WHEREAS, Continental Oil Company is the purchaser of the
current production on the subject property, and
WHEREAS, Continental Oil Company has submitted an Oil
and Gas Division Order on said subject property.
NOW, THEREFORE, BE IT RESOLVED by the Board of County
Commissioners of Weld County, Colorado that they do hereby
execute the Oil and Gas Division Order as submitted by Conti-
nental Oil Company.
The above and foregoing Resoltuion was, on motion duly
made and seconded, adopted by the following vote on the 75th
day of November, A.D. , 1976.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
it k/L4
Zoe
ATTEST: ' ' '.���;t_J
Weld- County Clerk and Reco der
and Clerk to the Board
Deputy County CTei
APPROVED AS TO FORM/
County Attorney
i
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;:V:0.419 CONTINENTAL OIL COMPANY No. 9025700 -
OIL AND GAS DIVISION OR0Ek D.O. No. 24911
EFflCTIVE. First Run (5-28-76) , 19
TO: CONTINENTAL OIL COMPANY
Drawer 1287
Ponca City, Oklahoma 74801
Each of the undersigned warrants ownership of the interest, set opposite his name, in all oil (defined as crude oil and con-
densate) and/or in the proceeds derived from the sale of all gas (defined as natural gas and casinghesd gas) produced from
Vollmar Colorado
Lease (or Unit) Weld County,
described as:
N/2 SW/4 sec. 13, T-2N, R-67W, Limited to the interval from surfaces to
base of the Sussex Formation
•
including all substances produced with such oil and gas. From the effective date and until further written notice, and sub-
ject to the following provisions,you,or your designated agent, are authorised to receive such production and give credit for
all production received, and for the proceeds derived from the sale of gas, in accordance with the division of interest
shown below: (The contents of the reverse side, and any attachments hereto, shall constitute a part of this Division Order.)
Credit To Division of ( P. O. Address
Interest (Give box number or street
address and zip code)
THE ROYALTY INTEREST
•
Jack W. Eastman •0523438
Rosie Vargas, aka Soledad
Rosie Vargas .0178114
Leo Vargas, aka Leonardo
Vargas .0178113
Longina Rojas, nee Vargas .0178113
Lucio Vargas .0178113
County of Weld .0002188
Everett Chavez and Frances
Chavez, joint tenants .0001359
Romie Trujillo .0004109
Ben Lucero, and Augustina
Lucero, joint tenants .0004703
Sylvia H. McCracken .0001750
•
THE OVERRIDING ROYALTY INTEREST
Amoco Production Company .0542616
Thomas H. Connelly .0000140
THE WORKING INTEREST
Energy Minerals Corporation .8207244
1. Oil shall become the property of the purchaser upon actual delivery to it or to its designated carrier or agent.The oil shall
be graded and measured in accordance with the customary pipe line rules and regulations or standards generally accepted.in
the industry. If purchased by you, settlement shall be based on your posted or quoted price per barrel (42 U.S. gallons)
in effect on delivery date fur oil of the kind and quality for the field where produced. You are authorized to reduce such
price by any charges for transporting oil by pipeline, truck and/or barge and any treating costs which in your opinion arc
necessary to make the oil merchantable. If oil Is sold by you to another purchaser, settlement shall be based on the net pro-
ceeds realized at the well by you from such sale, after deducting any costs for transporting or treating the oil for delivery.
2. Settlement for gas sold shall be based on the net proceeds realized at the well by you, after deducting any costs incurred
in compressing, treating, transporting and/or dehydrating the gas for delivery. If the gas is processed in or near the field
where produced, settlement shall be based on the net proceeds realized at the well, as determind by the agreement between
the producer and processor, or, in the absence of such an agreement, the same basis as settlement with other producers
of gas of like kind and quality processed at the same plant. For gas used off the lease, settlement shall be based on market
value at the well.Where gas is sold subject to regulation by governmental authority, the price approved by order of such
authority shall be used as a basis for determining net proceeds realized, or market value at the well, provided, that the
portion of the proceeds not based on a permanent certificate price may be suspended, without interest, until you have been
furnished indemnification satisfactory to you that any required refund shall be paid.
3. Settlements shall be made monthly by your check mailed to the undersigned parties at the addresses given on the re-
verse side, less any taxes required by law to be deducted and paid by you. Should the proceeds accruing to any interest
hereunder for any month be less than One Dollar ($1.00),you may, at your option, retain such proceeds without interest
until the first regular settlement date when the proceeds accumulated total as much as Five Dollars ($5.00); provided that,
regardless of the total, payment of the accumulated amounts shall be made in December of each year.
4. You are hereby relieved of any responsibility for determining when any interest hereunder shall change by increase,
decrease, termination, reversion or otherwise. You are authorized to remit pursuant to the division of interest credited here-
under until written notice to the contrary is received by you at Ponca City, Oklahoma, and you shall be held harmless
against loss or liability due to your failure to receive such notice. Each of the undersigned agrees to notify you in writing
of any change in his interest,and no transfer of interest shall be binding on you until you are furnished the original recorded
instrument (or a certified copy thereof) or a transcript of proceedings which satisfactorily evidences such transfer, and your
regular form of Transfer Order is fully executed and returned to you. Regardless of the effective date of the transfer, all
transfers of interest shall be effective hereunder as of 7:00 A.M. on the first day of a calendar month, but not earlier than
the first day of the calendar month in which such written notice is received.
5. It any claim is made which in your opinion adversely affects title to any interest credited hereunder, or such title is not
satisfactory to you, the parties credited with such interest severally agree to furnish abstracts or other evidence of title ac-
ceptable to you. In the event of failure to furnish such evidence of title,you are authorized to withhold payments accruing
to such interest, without interest, until the claim is settled.
6. In the event the land described herein, or any part thereof, is included in one or more units now or hereafter formed
or revised by order of any appropriate governmental authority, or is included in one or more authorized voluntary or
declared units now or hereafter formed or revised, it is agreed that settlement shall be made in accordance with the pro-
duction allocated to said land without the execution of additional division orders.
7. Each working interest owner warrants that the oil and/or gas has been produced in accordance with all applicable laws,
rules and regulations.
8. This Division Order may be executed in counterparts, and shall be binding upon and inure to the benefit of all signers
hereof, their heirs, successors and assigns, whether or not it is signed by all parties named herein.
IMPORTANT: TO AVOID DELAY IN PAYMENT - YOUR CORRECT ADDRESS AND YOUR SOCIAL SECURITY
NUMBER OR TAX ACCOUNT NUMBER MUST BE SHOWN
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Continental Oil Company
P.O. Box 1267
Ponca City,Oklahoma 74601
(405) 762-3456
E 1 Q
TO ALL INTEREST OWNERS:
Attached is a division order in duplicate covering the property described
therein. If you claim the proceeds accruing
to interest
stocredited
oto
you in this division order, please proceed as follows to
lish c -
rect execution of the division order;
1, First check the division
mailing address. Make any
r for
the
corrections if
your name and for proper
ink and initial the change.
2. Sign your name in the space provided on the reverse side of the
division order. One witness to your signature (two if the division
order covers piasEll located in Louisiana) must sign the division
order under the heading "witness".
3, if the division order covers a Esausti in Texas or in Louisiana,
a ld aleo married woman who
indicating the fact that he
with an
interest
is heruhusband.haA
wae
h hu
her husma sshn,
single woman should indicate her status by writing the words "a
feme sole" or "a widow" following her signature.
If the interest is owned by a corporation, the division order must
4'
be signed by the proper
ro er official, attested, and the seal affixed.
Power of attorney or pipeline resolution must be furnished in the
event the official executing the division order is acting under
such special authority and his signature witnessed.
5. AFTER
STHE
DIVISION
RDRHAS BEEN PROPERLY EXECUTED BY YOU, ONE
OTE ELD I IONUOE T
Continental Oil Company
Drawer 1267
Ponca City, Oklahoma
Attention: Division Order Section
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