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HomeMy WebLinkAbout750013.tiff 14 SIGN OIL DIVISION ORDER MARTIN OIL SERVICE, INC. Wh of SECTION 6, TOWNSHIP 1 NORTH, RANGE 67 WEST: BE IT RESOLVED, by the Board of County Commissioners, Weld County, Colorado, that they do hereby sign, as submitted by Martin Oil Service, Inc, the oil division order on the W1 of Section 6, Township 1 North, Range 67 West of the 6th P.M, Weld County, Colorado, original lease dated February 2, 1973 . The above and foregoing resolution was, on motion duly made and seconded, adopted by the following vote this 30th day of April , 1 75. AYES: �X9.." • 77--, ' ' " 'THE BOARD OF"COUNTY COMMISSIONERS � S WELD COUN 'Y, COLORADO ATTEST: -Z/. - �" ,4` COUNTY CLERK AND RECORDER AND-CLERK TO THE BO i BY. eputy Coun Jerk APPROVED AS TO FORM: 77 COUN Y cL Y Leo 1O4- - a _ 7 `,� 0 13 OIL AND GAS DIVISION ORDER MARTIN OIL SERVICE, INC. Order No.2OO Unit Glens #2 Effective Date February 10. 1975 TO: Martin Oil Service, Inc. 4501 West 127th Street Alsip, Illinois 60658 Each of the undersigned, for himself, his heirs, successors and assigns, hereby represents, warrants and guarantees to Martin Oil Service, Inc. (hereinafter referred to as the Company) , that he is the legal owner of the interest, as set opposite his name below, in the proceeds from all oil, gas, condensate and liquefiable hydrocarbons which may be produced from or allocated to the premises , located in the County of Weld, State of Colorado, and more particularly described as follows : West half of Section 6, Township 1 North, Range 67 West Commencing on the effective date hereof, the Company is hereby granted and authorized to take and receive all oil, gas, condensates, lique- fiable hydrocarbons, and any other substances associated therewith, which may be hereafter produced from the premises, and, subject to the other terms and conditions hereof, to give credit therefor to the undersigned in accordance with the division of interest schedule as follows : SOCIAL SECURITY OR DIVISION TAX IDENTIFICATI,ON OF CREDIT TO NUMBER INTERES rt n ery ce, nc. 1.006157989% P.O. Box 298 Blue Island, Illinois 60406 Colorado Energy Corporation 4.6158492667. 1844 Valley View Road 'Boulder, Colorado 80301 Emco Development Company 6.267515% 4 Glens of Dacono P .O. Box 219 Dacono, Colorado 80514 Messrs. Stanley Blose & Sydney 2.7793357, B. Smith 999 South Logan Denver, Colorado 80209 Mayor Walter Brown 1.465827% Dacono Town Hall Dacono, Colorado 80514 Glen K. Billings, Commissioner 1.1992685% Board of County Commissioners Weld County Court House Greeley, Colorado 80631 Champlin Petroleum Company 1.160323% ' r P.O. Box 1257 Englewood, Colorado 80110 Buffalo Oil Corporation 1.0028024% 214 C.A. Johnson Building Denver, Colorado 80202 Attention: Mr. Paul S. Reep, President_ -1.. (continued on next page) OIL AND GAS DIVISION ORDER MARTIN OIL SERVICE, INC. Order No. 200 Unit Glens #2 Effective DateFebruary 10, 1975 TO: Martin Oil Service, Inc. 4501 West 127th Street Alsip, Illinois 60658 Each of the undersigned, for himself, his heirs, successors and assigns, hereby represents, warrants and guarantees to Martin Oil Service, Inc. (hereinafter referred to as the Company), that he is the legal owner • of the interest, as set opposite his name below, in the proceeds from all oil, gas, condensate and liquefiable hydrocarbons which may be produced from or allocated to the premises , located in the County of Weld, State of Colorado, and more particularly described as follows: West half of Section 6, Township 1 North, Range. 67 West Commencing on the effective date hereof, the Company is hereby t granted and authorized to take and receive all oil, gas, condensates, lique- fiable hydrocarbons, and any other substances associated therewith, which may be hereafter produced from the premises, and, subject to the other terms and conditions hereof, to give credit therefor to the undersigned in accordance I I with the division of interest schedule as follows : o 1 SOCIAL SECURITY OR DIVISION TAX IDENTIFICATION OF CREDIT TO NUMBER INTERES , The First National Bank of Deny r, .25221625% Successor Trustee to The Intern tional Trust Company F.O. Box 5825 Denver, Colorado 80217 Mr. Robert L. Galloway .2507006% 3400 South Ivy Way Denver, Colorado 80222 a • • jfr Additionally, the undersigned agree, grant and represent to and with the Company as follows : 1. Oil (including crude oil and condensate produced on the premises) shall become the property of the purchaser thereof upon its delivery to the purchaser or to the purchaser's agent or carrier, and settlements therefor shall be based upon the net price received therefor from the Purchaser. Oil shall be graded and measured in accordance with applicable rules and regulations or standards generally accepted in the industry. In the event that the Company is the purchaser of such oil, settlements therefor shall be based upon the Company's posted price for similar oil in the field where produced and in effect on the date of delivery, or if no posted price is then in effect, settlements shall be based upon the then prevailing market price on the date of delivery thereof in the field where produced. If the oil is purchased by the Company and resold thereby to another purchaser accepting delivery thereof on the premises, settlements hereunder shall be based on the net price received therefor by the Company. The Company may deduct from any price received for the oil the reasonable costs of transporting and/or treating the same. 2. Gas produced from the premises, including casinghead gas if marketed with gas well gas, shall be delivered to and become the property of the pipeline company to whom the gas is agreed to be sold by the Company. Initially, the gas shall be delivered and sold to Panhandle Eastern Pipe Line Company pursuant to their Gas Purchase and Sales Agreements dated March 13, 1975, including any modifications and amendments thereto, and for so long as that agreement shall remain in force and effect with respect to the premises. Settlements to the undersigned shall be based upon the terms, conditions and prices for said gas as agreed with the pipeline company, less any costs of treatment, compression, transmission or dehydration. 3. Any liquefiable hydrocarbons contained in the gas produced from the premises , but only to the extent removed or caused to be removed by the Company, shall be delivered to the purchaser thereof when removed and settle- ment therefor shall be based upon the net proceeds received therefor, less any loss or expenses incurred in the treatment, compression, transmission or removal of the liquefiable hydrocarbons . 4. Oil and Gas produced and sold from the premises is or may become subject to orders of certain regulatory authorities who could vary the terms of any agreement for the production or sale thereof. To the extent that such orders do modify or change current sales or production arrangements, the provisions thereof, as well as the provisions hereof, shall be so modified accordingly. 5. Settlements hereunder for oil and gas shall be made monthly by the Company mailing or delivering its check to the undersigned at the address indicated, in an amount, less taxes required to be withheld, calculated in accordance with the schedule of interest aherein contained. Settlements shall be mailed no later than the 20th day of .each month for oil and/or gas taken or sold during the second preceding calendar month. The Company is authorized to withhold from any settlement d'ue for gas sold and delivered, an amount, not to exceed 10% thereof, to provide for the contingency that a regulatory authority may hereafter require a reduction in the price of gas sold and delivered from the premises, and require further that the producers thereof, including the Company and the undersigned, reimburse the purchaser of the gas for amounts deemed to be excessive in the price of the gas there- tofore sold and delivered. Upon such contingency being removed, all amounts so withheld shall be paid to the person from whom withheld. In the event that the Company does withhold such amounts for such periods as it deems reasonable, the amounts so withheld shall be deposited at interest for the benefit of the undersigned in a bank or financial institution of the Company's selection, and the undersigned, upon payment of any amount so withheld, shall receive any interest actually paid on the amount so deposited; however, the Company shall not be responsible for the amount deposited or for the amount or rate of interest earned thereon if the monies are deposited with a chartered bank or similar institution. -2- 6. The undersigned individually warrant that they are the owner of their respective interest as herein set forth and that in the event of an adverse claim made thereto or in the event ownership of the undersign's interest is not substantiated by record examination, the Company may retain any and all settlements due therefor, without interest, until such claim or ownership of the interest is settled, fully adjudicated or otherwise determined, or until the Company is adequately indemnified therefor by the parties claiming such interest. The Company may, at any time, require the undersigned to furnish proof of its title to its interest including abstracts of title or other pertinent records or documents. 7. The undersigned shall notify the Company of any change in the ownership of their interest, and the Company shall not be liable for nor shall it be required to recognize any change in ownership unless and until the Company shall actually receive a certified copy of the instrument changing such interest and the transferee thereof executes and returns to the Company such transfer order or amended division order as the Company may reasonably require. In no event, shall the Company be required to give effect to any change of interest of the undersigned prior to the first day of the calendar month next following the month in which the Company is notified of such change, regardless of the effective date of the instrument transferring the same. 8. The undersigned hereby represent, grant to and agree with the Company that the interests of the undersigned and of the Company in and to the oil and gas which may be produced from the premises is in full force and effect and that all payments required to be made and all acts required to be done by the Company with respect thereto have been performed. The undersigned hereby releases the Company from any and all claims and damages arising from the purchase and handling of oil or gas from the premises and for making any payments for settlements so long as the same are made in accordance with the terms of the division of interest schedule set forth above. 9. In the event that the premises described above, or any part thereof, is included in one or more units now or hereafter formed by order of any appropriate governmental authority, by agreement, or otherwise, the under- signed and the Company recognize and agree that settlement for oil and gas shall be made in accordance with the production allocated to the premises above described without the necessity for the execution of additional or supplemental division orders. To the extent that the premises as described above constitute a previously unitized area, the same is hereby ratified. 10. The provisions hereof shall be binding upon and inure to the benefit of the Company and the undersigned, their respective heirs , successors, administrators and assigns. No change in the ownership of any interest herein described shall have the effect of changing the binding nature hereof. This instrument may be executed in counterparts and all counterparts , if executed, shall be considered to be one instrument . WHEREFORE, the undersigned have executed this Division Order in acknowledgement and consent to the a£oregoing terms, warranties and agreements. WITNESSES UNDERSIGNED Glen K. Billings, Commissioner Weld County *, r�.% S. JWeld County Cierk enJ Recordc. L��� -3- - STATE OF Colorado ss. COUNTY OF Weld ) The foregoing instrument was acknowledged before me, a Notary Public, this 30th day of April , 19 75 , by Glenn K. Billings, Roy Moser and Victor L. Jacobucci WITNESS my hand and official seal. 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Billings, Commissioner Board of County Commissioners Weld County Court House Greeley, Colorado 80631 RE: Martin Oil Service Division Order Glens #2 Unit W/2 Sec. 6 T1N R67W Dear Interest Owner: We have recently signed a Gas Purchase and Sales Agreement with Panhandle Eastern Pipe Line Company relating to the referenced unit, and we expect Panhandle to be taking gas from this unit in the near future. In order for us to be able to pay you promptly once we receive the proceeds from Panhandle, we need to have a signed division order from you. Enclosed please find two copies of subject Division Order. Please check to be sure that your percentage of the interest is correctly shown. If it is, please: 1). Sign your name on the third page of the Division Order 2) . Have your signature witnessed and notarized 3) . Indicate your social security number 4) . Indicate your preferred mailing address if different from the one shown on page 1 After completing these, please return one copy of the executed Division Order to Martin Oil Service, Inc. in the enclosed envelope, and keep the other for your files. Sincerely, MARTIN OIL SERVICE, INC. William V. Roberts Treasurer WVR/ks encls. 4501 W. 127th ST., ALSIP, ILL. • P.O. BOX 298, BLUE ISLAND, ILL 60406 • 312-928-6700 Hello