HomeMy WebLinkAbout790005.tiff RESOLUTION
RE: APPROVAL OF EXTENSION OF OIL AND GAS LEASE FOR AMOCO PRODUC-
TION COMPANY.
WHEREAS, the Board of County Commissioners of Weld County,
Colorado, pursuant to Colorado statute and the Weld County Home
Rule Charter, is vested with the authority of administering the
affairs of Weld County, Colorado, and
WHEREAS, Amoco Production Company has requested a 120-day
extension of its Oil and Gas Lease on 17.53 acres of land in
the Southwest Quarter of Section 30, Township 2 North, Range 64
West of the 6th P.M., Weld County, Colorado, and
WHEREAS, extension of said lease will enable Amoco and its
partners to move in a rig to a drilling location and commence
operations for a J-Sand test on a 30-acre unit, and
WHEREAS, offering to lease on a bid system may prevent or
significantly delay the drilling, and
WHEREAS, Amoco has offered $100.00 for said extension and
$25.00 per acre in liquidated damages should they fail to com-
mence operations within the extension period, and
WHEREAS, the Board of County Commissioners deems it advisable
to grant said extension to Amoco due to the extenuating circum-
stances.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Com-
missioners of Weld County, Colorado that the request of Amoco
Production Company for an extension of its Oil and Gas Lease be,
and hereby is, approved with the payment of $100.00 for said
extension and $25.00 per acre in liquidated damages should Amoco
fail to commence operations within the extension period.
The above and foregoing Resolution was, on motion duly made
and seconded, adopted by the following vote on the 23rd day of
April, A.D., 1979.
;" BOARD'OF COUNTY COMMISSIONERS
1
ATTEST:
`f.`',"`��. �.�'•v�7 �+'�' WELD COUNTY COLORADO
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Weld County Clerk and Recorder
a lerk to the Boa d
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y'. Deputy County lerk
APPROV AS TO FORM:
Eoosi H 790OO5
ounty At o ney
DATE PRESENTED: APRIL 25, 1979
L E U 5,-3
Richard N. Dodge
Independent Landman
536 Empire Building
430 16th Street
Denver,Colorado 80202
Office:303 893-0264
Res:303 420-0273
April 23 , 1979
Board of County Commissioners
Weld County, Colorado
RE: Extension of Oil and Gas Lease held by Amoco Production
Company on 17 . 53 acres of land in SW4 Section 30, Town-
ship 2 North, Range 64 West, Weld County, Colorado, which
expired April 21 , 1979 .
Gentlemen:
My client, Amoco Production Company, respectfully requests
the Board for an extension of its oil and gas lease on the above
described County mineral interest for a period of 120 days. Ex-
tension of the lease will enable Amoco and its partners to move
in a rig to a drilling location and commence operations for a
J-Sand test on a 320 acre unit. Offering to lease on the bid
system may prevent or significantly delay the drilling. We of-
fer $100. 00 for the extension and $25. 00 per acre in liquidated
damages ($438 . 25) should we fail to commence operations within
the extension period. The other provisions of the original lease
will apply.
Should the Board approve, an instrument has been prepared
which may be submitted to the county attorney, prior to its
execution.
Sincerely yours,
1
,40"5,,_
Richard N. Dod
ge
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