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Home My WebLink About20092648.tiffRESOLUTION RE: APPROVE SEISMIC MINERAL PERMIT AGREEMENT AND AUTHORIZE CHAIR TO SIGN - PETRO-CANADA RESOURCES (USA) INC. 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, the Board has been presented with a Seismic Mineral Permit Agreement between the County of Weld, State of Colorado, by and through the Board of County Commissioners of Weld County, and Petro -Canada Resources (USA) Inc., with terms and conditions being as stated in said agreement; said property being located in the NW1/4 of Section 34, Township 12 North, Range 61 West of the 6th P.M., Weld County, Colorado, and WHEREAS, after review, the Board deems it advisable to approve said agreement, a copy of which is attached hereto and incorporated herein by reference. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the Seismic Mineral Permit Agreement between the County of Weld, State of Colorado, by and through the Board of County Commissioners of Weld County, and Petro -Canada Resources (USA) Inc. be, and hereby is, approved. BE IT FURTHER RESOLVED by the Board that the Chair be, and hereby is, authorized to sign said agreement. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 7th day of October, A.D., 2009. ATTEST: Ili Weld County Clerk to the BY\ Depu Clerk o the o,d APPROVgD A TO4. ounty Attorney Date of signature: *WO BOARD OF COUNTY COMMISSIONERS WELD Ov Y Y,COLORADO n P. Conway a •-ra Kirkmeyer David E. Long 2009-2648 6 ; E-7-12.06Oei4i//t LE0164 Bruce Barker To: Subject: CTB FW: Seismic Mineral Permit Agreement Please put this on the agenda for Wednesday. I forward the hard copies to you. Original Message From: Bruce Barker Sent: Friday, October 02, 2009 3:27 PM To: Commissioners Cc: Monica Mika Subject: Seismic Mineral Permit Agreement Stephen Treanor, an agent for Petro -Canada, just stopped by and dropped off a Seismic Mineral Permit Agreement for signature. It appears that the County owns 160 acres of minerals in the NW4 of 34-12-61. The 1990 lease expired some time ago and has not been held by production. The seismic work will identify oil and gas deposits in this quarter -section and others for a stretch of about 30 miles. They are getting signatures on these agreements and have gotten about 350 so far. The mechanism is a line of about 300 yards in length where they put sensors every few feet and then have a truck go by and do a sonar blast at a few locations within the 300 feet. They get easements from the surface owners. There is no risk I can see allowing this, and in fact the agreement itself has it where Petro -Canada will indemnify the County from any and all liability. They have to stay a certain distance from habitations. The upside is that Steve is fairly certain this will identify oil and gas deposits, including the quarter -section Weld owns, which is good, because there has been no interest in drilling there in the recent past. If this is OK, I will place the agreement on the agenda for approval and signature. 1 2009-2648 PETRO-CANADA RESOURCES (USA) INC. P O BOX 647 FORT COLLINS, CO 80522 SEISMIC MINERAL PERMIT AGREEMENT Weld County 1402 N 17th Ave. Greeley, CO Attn: Monica Mika Date: 930-09 Project: Grover 3D Location: Weld County, Colorado Permit No.: 110 GeoKinetics on behalf of Petro -Canada Resources (USA) Inc, respectfully requests your permission to conduct a 3D seismic survey on and across minerals owned and /or leased by you in Weld County, Colorado as described below including the right of ingress and egress to your mineral estate insofar as you have the right to grant this permission. Description: T12N R61W section 34 NW4 Our operations will be conducted in accordance with standard geophysical practices and in a prudent and careful manner. All operations will be conducted at our own risk and expense. Geokinetics on behalf of Petro -Canada Resources (USA) Inc agrees to indemnify and hold you harmless from any and all claims, liabilities, losses, damages, or judgments arising as a result of our operations. It is the intent of this permit to cover all mineral interests owned and/or leased by you within the boundaries of the 3D seismic survey including those mineral interests that may not have been identified at the time of execution of this permit. If for any reason we are unable to conduct a geophysical survey on the above -described lands, this permit and all terms thereof will become null and void. Unless otherwise voided by conditions stated herein, this agreement shall survive any lease, sale, trade or conveyance of property interests described above and made after the executed date of this agreement and will be binding on successors or assigns. This agreement is transferable by Geokinetics on behalf of Petro -Canada Resources (USA) Inc to its successors and assignees. Please sign, date, and retu Lessee/Owner Attest: By: Very truly yours, Deputy Clerk to th i By: (_/,A iltC(rtct C Print NameiSteve Treanor Cell Phone: 303-478-1420 Agent for Petro -Canada Resources (USA) Inc s soon as possible. We appreciate your cooperation. OCT - 7 7.009 hone no. (970)356-4000 X4200 aayi-at,w Parcel 036 nu cot on Alm: GAS LASE:_._ Containing 160 acres, more or less;- ' Containing -. 160 net .Mineral, acres,: more or -less:,::. is • MIS LEASE AGREEMENT,.. dated this _. thday:. of:..:....-AuRumt - :,..c.y 149.Q`:::, _made: and entered into by and between WELD cart; COLORADO, a political -Subdivision of the STATE Or COLORADO; acting by and through the: EOARD-at;c0VNT1:•(:.02 $SIOYERS�01 TEE,;COVNn OF. WUD -.1or. its respective^ipterests,. c/aa than or comet. c00M'SSSlO inn,; yap. OOOltitl CFtfffit, )23 1U1E•5 RPET,..C n', heretnafter-eatLed :{i7,tl2oa _vzfreiloces 1at70 OEriitc4o- $02/0 - hereinafter Balled Lessee: .. ... - WITRESSETE. WHEREAS,. said Lessee has:: applied to, Lessor for;an;;oil; and; ges lease:coverin the land, herein: described,. and has paid a filing fee in -the amount of $10.00, pine abonus consideration' of $ 321..4f2.72.. per mineral acre,. fixed.•by Lessor, as;, at additional. consideration for, the granting:of_this-,lease,:and Lessee agrees -to pay ao., annual ;rental -.:of S -`- 160_AO --;::eompati4- at .the rate of,S•.' :1 £QOr .. :,::per• minerall' acre''r fractionthereof: pet: year;. VEEREAS,,,all the_: repo rments, relative .:to said application:rbave.been defy complied with and;. saia application: bas. beet. approved andallowed by: Lessor;., MERSP0RE, in consideration :of the,.agreeeents.-heiein,: on the part:•of Lessee to.-be:paid1-kept and performed,; Lessor does lease exclusively; to Leon .for -;.the .sole ands only -purpose of. -drilling for, development: of. and ..production. of oi/ and :gee,. dr. either of, then,;thereon-and;therefro_.-with.:the�:right•to.ow - all oil -.and .gas so: produced. :qnd,_ save& therefrom aid not reseri.ed as . this lease, together: with r is-of-wroyilel be , telainoder nt;telega of ge l.gh asp, easemmte �. and servitudes for. pipeiirea,. telephcne_aad-y-:telegraph: lines, tcnks and fixtures for producing and caring for such g.. headset, and housing and boarding employees, and .. any:: and all: rights-and,,privileges,,necesuxyL:for- the exploration And operetien?ofi said ilsud •for oil are gar, the follovlrg. describeE land situated ',in- ihe County. of Welt. State. of =_Colorado,, :and -more' particululy describedas;follows: DESCRIFSIOH..OF:LAM) SECTIO&. NW1/4 34,. .: 1?3P:: •: 6141 - TO RAVE MD SC EOLD, sald_.land, and all-:the:rights,:and, privileges,granted_heieunder to Lessee until the. hour of Helve o'clock: noon on the 8th. day of Anguat • 19 93'^. , as primary tern, and ae,Ioag thereafter as oil and .gas,: or:; either oi,_shemr:is produced in paying �anttfes frcc said land or Lessee Is dillgently_ engaged. in ;bona. Side,.. drilling;,. or,-reworking=,operations;. on 5514 -land, :subiect: to the terms- aad' conditions -herein.' Drilling or reworking operations;shall be 4400 to be:. diligently,;..perforned::If there- is, no delay or cessation thereof:. for a -.greater period -than. sixty.eosecutive- days onless_•an extension writing ia-.granted-by Lessor,_ provided that -each,, drilling or reworking operations ere:commenced;during said. primary term. or any extension; thereof or tile.,this lease, is.. in force hp aeaaois,of production of :oil' and,. gas or. either. of .then, or. that Muth, reworkiag_ia; co®enced;within sixty, -days. upon cessationproduction for the purpose- of -re-establishing the sass, end .provided.:further:hatn such_.production, ia; eamaeated, during. such.. (Rev. 4 5/.87 LEM Hatt 11/86) 90;0728 . Primary. ter or any; eatenaioa"thereof,':ozdkiie-ttM.d-iease�ig.:in forte", • reworkip8' operati ova or other produetton - - • EP:PLURliIOC - Lessor reserves the rlglit� to •.conduct•'eaploration •on"=t],e teased.? Iand -.provi`dee'earh esploratioa does not interfere with, rights granted; herein. N U' ... In consideration ef-the • c -. pram#sea, the ad'agree as;fol2ovs: O mr O _ 32•.'�.RE[TAL .:If.thts leases t3C0tridOktI0i, an-idditional.-Perm as. provided': for in' the E_?Cimirl0N U p?ragropb; berecf, Laesee�rihaLt ddaiiag aneh �extended� period pap to �leuor' an;aacval re'atai--at double the rate . p above specified:.for the land covered hereby;: The rental in effect at the: time production. • o W shall not be Increased one • to Se'tetnof thiq:1ease„hit r.g.ntended;:bset.st the. o 3 time of established _production :shall be paid'.during the .remaining. life at Ibis lease,. annually,-.ia. advance,: before each entiyeziarg Es;e ;beteof.._3here••shall, Dr.eo_.refund.o€unusedregtai::; � O - _ - te 2. ..ROTALIY. • ;- Lessee. stall account for .any and all substances produced,. on- the leased land; and Lessee. O shall pay: to Lesser, ae. :royalty,: in addition •to the rentals provided, but except for Pi -barren :used , on the ,d, leased land,;•onsioiCably loat:or'dared onthe•leased lath with approval cf: Lessor, the Tailoring: rt ,tl .{a) .On oil, -- 12►%'.. Of -the wit produced and, saved .from -the leased lane - a o ca '. 'Ac the option of Lessor, asq ,vfth sixty= (60) days-' notice to Lessee, Lessor' mom.. take its m U royalty.otl in kind,,in tehich. event Lessee •s1ral• deliver such,_:ovalty_ail.to• Lessor ion• the leased=laud,' free o£' cost •or prductioo 'into the:Pipelines. elines. Or �ctcra a ranks deer ed b Lessor" btt�LessershaU r�i H r 'P P.. 8 6aat y > zbl -. not 10 *03. be required to provide free tankage: for -say each oil; par :e . leaser: period than rani to Cr , amnrh.' after' the .•; same is.: rain'into -tanWith: sixty: (60) dayac.t:Oti* to'Lessee, alsor;axo• cease o m CC taking oil royally 3n kips: '. ilbeo .paid '.1a.....tap;:itbe royalti- iball:L:batC,1.043-trpoirf.the fair iarfat r4 O W .value of'the 'nil ' at the. 'veil-• which sir,;1 poi be: deemed, to hi less' -than the.price:actually'paid,.'to On Ed - -- • Lessee.at-the velL-by the purduaer terdofr andin<'no eve¢t,,stall the .royalties braised• cpcn a market. en value'aa_:the.?well lgless -than th:e-posted.price in -she fftl'd+ter sued of1,. or in the'absenee-of a posted' Z ZZ price:-in,the field•.ier such ,po oil,un 1 aarkec,'.value it=:the wells teas than,=the prevaiiingrprice: N C received- by other: producers?is the fte d; for. :tit' of like -grade and :gravity at.tha"::tile.auch-toil tin"; is r. UC, • • into pipelines or 'storage tanks. as ' a (b)`': Or gas, -including=-casinghead- gas or .other -sestina substance," tat -•-:of the £air market el 03 " value-.at'the webl'. or of"the pricelcec'etoed. by L-easee' at:'the' veil; ifitcbever i's'greater; of ail gas N cn roduced- and aold:.from the -leased land'or'. ilized' off they land N el M P aX by Lessee:- A they of ...elk eceitratia4or N C • sale of': gas shall • be . furnished to essor'. Where. -gas is sold - under Contract that;hss • been -approved by a) h. Lessor, the feir:prrket vaiti; of aui'b sea for deteim ring.the' royalties`payabliheieunder abali he the. ;price • at which.'such; gas is. sold code ,such contract. to approval, by,Leasor ei..thel tetms of any -such ' agcecbent shall operate • to' make Lessor:a party thereto or obligate it,:theteunder in• any way. At the ' • opticn.-of• Lesser,'and' with: sixty (60)"days' ootire to -Lessee, .Lesser,'map' take.'its royalty it tire. :.With s . _ , f _ins _ ... Sxtp.';(b0)Lays.'�notlte""�toTLeaseeLeaeoi may�eesce�taking gas rojaltY in Rim's. � • costq•:of-marketing the ofl sod er'gas produced: sball'be::borne by Lessee sad sub' costs shah not directly;:-bt Snifirectlp zedaee�.as�e .royalty payment's'z to•'Lessor -. Pmpt :the - aarketiog Goers far' Lessor'ti-'itrkindr royalty'shall bflerne ;by L'esabr - 1d) -"If tenor a lesserainterest is -the gas'‘deposits of the above-descilbad:laoC than- •ihe eotipe, and ' divideCfeC simpwsestate, tbeo::;the royetues aa6 raa'ts1 berets providad'stall bi paid eo -Lesaez unit Yn 'the portion° rh'lnp its interest bearer to" thr ..tole sn& %iifd vided: fee, • Doc no' refund' di soy'boaiist eonsi8'aretios sba14'`he"maQ irPtesacilbeteunder - .. . (Rev. 11/86), 3. RECORDS - Lessee agrees to keep and to havein possession complete mat acenrate booksand-records o O shoving the production: and disposition -of any and all substances produced an: the leased land end. to permit,, 'i V Lessor, :at. all; reasonable hours, ,to . examine. the sane, or to inTi;itliair deicieeffOitlialee"to• Lessor upon requesto ✓ along with:. purebaser' a :,support, doc mentatioa.,. Lessor vtll not be.: unreasonable with -`requests:: ' All said; books and records shall be retained, by Lesseeand made available iiiff Colorado°.to •ieasor for c -..period of not O Lessthan five leers. - a oat o g L. DEASflfllENTS - Alt production shall be accurately measured 1 using standards established by the o C American Gas Association (Ace). andlor the American Petio'lene Institute (APIT` and all measuring: devices- shill ,+pbe tamperproof es:nearly:, rly;as possible Oil.. royalties due within the terms. :Oda s lease - stall be ' ealcuiated o a on actual.. and_accurate measurements within API. s[andarCs;unless=idi£rnrant'sean�•o£"measyseaient,`subjeot to O w a 5. PAYRERTS & REPORTS - Ali : rol payments .and reports due hereunder'aLall`he canine, oe• or before`¢he day ▪ I.tlin such payments_ and reports are. due:.. Nothing in this paragraph shall be construed to extend the expiration of ^+ Z the primary tern hereof_. cd- - a U Oil:. royalty.. payments ant .supporting: documents` shall be lsubmitted,'prior tothe, last dayof the n Z month following each Month' a sale of production, and gas". royalty payments and'. :supporting, documents: shall be ,1 H submitted prior to• the last day of the second month following each' vonth'sie of production: - mH , tail -' 00 all payments shall be made by cash, chedo, certified check •or 'coney order-. Payments having el • restrictions, qualifications, or encumbrances of any kind whatsoever shall,_ not be accepted by. Lessor. A. ti ON W. penalty for• -a. late payment shall be charges es. set forth iii. .the: PENALTIES- paragraph herein; M1Et. N Z 6. PENALTIES - A penalty shalt be -Imposed for, but not limited tc late payments,' Improper payments, ce Z w ,y operational deficiencies,. violation. of._any-,aovenmt of. this lease, or false statements made .to Lessor. o Penalties stall be determined by:Lessor unless otherwise.` provided for' by lini.sad ma3R bet Sn'the fora of; but- N C.U) CZ not limited :tow interest,. fees, ,fines, aadlox lease tatcetlation :::A pemlt:v.-schednle'shal]'be:.prepared'by M 1 Lessor: and shall become�effeccive immediately, after public notice:'- Said aobedn"le may be ebanged from time to time after public notice._in ON .. t-.. Ch en ,Ni p - 7. LAW - the terms, and: conditions o$ this lease shall be performed atal exercised subject. co.all:less, c0 Cu roles, regolatices, - orders,loci/ ordinances or, re'solut:fona;'applicable to " and binding upon _the administration- of lands and minerals ae`wned, by' hCounty' of Weld, and :toy, laws;. rules-caad,._ regulations:. governing oil -and ga. operations.. in Colorado. piolatfors shall:result in, penalties .as provided for by lava or as set --forth in. the aforementioned. schedule or shalt,`at the o'ptiai' of tenor, result is13 default as provided hereinafter. ..` ,... B. :SURRENDER - Lessee mayat tine, _... map ... by paySsg,,ta Lessor'ell amomnta then due'ue�as'provided hete�!,.. surrender this, lease. insofar as the .sole.eovers all or.aay portion o£ the land herein' leased, and be relieved from ftrther obligations; or liability hereunder with respect to theiana sd surrendered; --provided :that no partial ,n,:ender or, cancellation of this lease stall be for 1ess9 tba Srt3gaeus' tracts•. of: approximately. forty C4D1 acres or Governments: lot corresponding to a'glummer-..gasrter�aeetioey'provided farther:.that>!this. surrender clause and.the option herein reserved to Lessee shall- cease and _become absolutely inoperative: Iasediatelyrand:ccncurrently with; the institution of any wit in: any court•of 1.1w by -Lessees. Lessor ar sty., assignee of either. to enforce this leaser or arty, of iii terralexprelied'or`fmplieL'-'Inuno case shalla:any sur render be -effective until Lessee shall. hams msde':fifltprovatoc few tumtaeivation'of'the leased•:prnduete and protection, of: the-suiface rights, of the leased land: (Rev. ll/g6),. (a): Lessee,,... prior,.written, consent of.. Lessor,: aheli have the right to assign's the entire. .: leasehold; interest -of said,,L'essie in,ail or part`. of to land covered ;h - ereby,but not.:.less, however.;.:• ,•than::contiguoca.:tracts :of ,:approadmptcly forty -(40) acres'"or Govarneeatal` lot .cozrespondingd to• a:- quarter -quarter section for zany partial asaignwent,-and fro; ':epprevaI "bE such tasigtisentLeasot sbat10. make an assignment charge ir, an amount to be decernined by Lessor. Ptiot to written approval'•byiLessor- 0 0 of assignment of :this lease, Lessee_(assignor)' shell not be relieved of. its obligetions under the .terms_` co end conditions: herein. An, assignment iheli not estiendthe term o£ this`leaee. W 0 ... _.. U - (b) If any assignment of a. portico of the .land covered hereby . shalt' be -'approved, Lavnee', lease; ci shall be issued to the assignee: covering the asaignad land,_ containing eire'smne terms and -conditions as:. 0 3 o this lease, and t asted as to term as this lease . is united, and the ,assignor -shall. be" released: -and discharged from, all further obligations- and liabilities as to that -Portion se assigned. AW pZ (c) Lessee shall notify Lessor of all assignments 'hi pereentbgerht other` -.interests.: n. O Said interests will not be recognized or approved by Lessor, and the effect of.'anysuch-assignments t) - : will -.be:strictly and; only .between the parties _thereto, and outside: the terns of this, lease: and no rd v 0 - '.dispute between parties to.chany suassignment eball operate to relS,eve,LessPe from perforMance of any el terns or conditions_ hereof or, td poetppne the time therefor:: Lessor shall at a -l; Limes De --entitled to_ . t 'n look solely to Lessee or his assignee, Shea* on,i[s '.Cooks "aa`Defag'ihe'^sole owner -hereo£,;'andi icr.•tbe N Z W .. sending -,of all. notices required . hy tfhia lease and • for the performade of all - terms and conditions. , o a4:11 C.) .. ' N Z (d) Although not binding on Lessor, all inStf Wenta of every -tied -and nature whatsoever -affecting ~ H this lease should be filed with. the Lessor. - - o el and all-: reservations or assignments or vremafng royalties -=hall ,be a ' : 10.. " OVERRIDING ROULII .Any W W subject to- apprasalid by ,Leasor The total o£ saoverriding idyeleies anal.. not exceed five percent ISO", Nch . w including ,any overriding royalty previously provideC: for unless production esceeds.;:':a au attly. average -Of._ N N 'L 0 fifteen (15) barrels . per day or ninety . thousand cubic feet' at�gas pac'day (90 HOFlt') In'the event, that production drops to this, amount or less,, any overriding royalties which exceed fife percent (%i_may he �" .suspended_. Lessor's; approval, of ,a reservation or assignment of"an overriding royalty Shall, jot bind Lessor 0 >+ for payment of acid overriding royalty-.atd shall not.ialiave lessee 6 e any=o>"its oDlgatfacrfbz.payment o£ a a royalties to Lessor as provided by ROYALTY parographa herein el o 11.:.,.x. onsn:)i7Eti5-- Lessee agrees to protect the teased land free drainage -by.- offset wells. located. on P. 0 doanter�drainage:.. , at .. el a adjoining - lands_. not owned by. Lessor; whim. tact train ee is bee compensated £or'by- '' ea shall be presumed that the production of. oil and gas trot offset wells resells in drain►ga 'fromcthe.jleased CAW laud,.. unless• Lessee-demonstrates;to Lessors satisfaction,, by engineering,: geological, or other data, that production from such offset moll, doea net result inisuch drainage, or thit`the:dflltg ofazWell or wells an the teased, land...maid ,purposei of protecting ihe`depoiits'cunder the leased lard. Lessor' t. decision as -to the existence of such drainage: shall be' final, and-P.essee shah, comply with- esser!s, order - therefor or surrender this lease as to. amt such undevett:4ad ►creage-_51 designated by Lessor. 12.: .DEVELOPMENT:- Upon discovery; of,oil ant .gas or the of them -on leased land,. lessee shall proceed with. reasonablt -diligence, to develop said ,Land at a rate end to an extent -eamnensurate with -.the economic development•of the field is which the leased land lies..: 1O.. POOLING CLAUSE - Lessee ray at any time or times poor any past -or all of said lands and lease :or any stratum or strati with other lands and leases,, stream' or strata, in; the are field so as to constitute e spacing .unit to facilitate an -orderly- or uniform: welt -spacing pattern• at to amplywithany order, rule, or regulation• of the State or :Yederal.regulatery or conservation agency bring jurisdiction Such pooling (Rev. 11180) shall be accomplished or terminated by -'filing 'of'record ae:'cliClaration<of "---pooling,:- or`‘declsratIon .o£.. termination of pooling,. and by bailing or tendering a COPY: lo Zesaor, or:rerthe ..depository Dank::: Drilling - or reworking operations upon or production, from any -part o£ such spacing unit shall be:-.considered:for all purposes of, this lease:as operations or productions from ohs laic:. ' Lessei°sball e'llocate'ta:this lease' the,rtioaete :shire- i :of producton Waal' theWaal'creage in' this lease included •in-�eny soclf .spaoing unit Pte ,.,....,. ......:- .. :., . bears to the focal aczeagefo said spacing unit. - - -- o O 14. INmZAT*oh •,-Ca!io.tatZAITON - in the event Lessor permits the . land herein leased to be .included p within a eomunititatioc .or unitization agremene, she terms of this-rleue IDay he ydenied Lo be modified -.to -. . r- U conform to ecap agreement. Whedonly a *tier cf the land ander'tltis lease<fs co®itted-by anfagreemedt, Lessor ma y; she .land and :issue a separate lease £or eacL potion -not enliittd'd 'thereund"eer;"the term-- a of, such upstate leasel,shallDelimited u to the original tera'of'r3ia learn The ma• teiof the'-lease.on p paj that portion remaining - !n the unit abal'-'`be deemed' to be'modt' a'"iffcd comfort' to such -,-agreement. ' o Nonproducing Teases shall- terminate- on the 'first aadivaAlii date of• the' lease; following, the ternina't'en a ft date of tie unit or part thereof modifying the lease, but in• no`'event oidivr'r-to'the end- or the-printy ten' h 44 p of the lease or the extension. term of the lease. . O U 35. PRODUCTION - Lessee shall,, subjece to applicable laws, regulations and orders, vitiate: and produce s, alI wells upon, the leased -Lank so Tong as the name are capable o£ producing in paying quantities, and- shall ^;,a operate the same so as to produce at a rate' commensurate with,the :fete cf-prodaelf.miof=wel s on;xdJcining: I lands within the save. field: and within ttieT.lin s of:good engineering prac[iEi,'ezcept far such` times -.as'. to there exist neither market nor storage therefor, mid except. for such; limitations on or anapensions of W ..: G 4 .produetloo�aa may be approved in writing by Lessor Lessee-Shill-ne resperosilile `for adequate=eita security m V on all -producing properties. - .. r --z C~ 16. SBRt-ell C'EIS5 If Lessee !hall complete a.well:on the leased latd productive- of gas and Lessee- is. m N . unable to .produce such .ges die to a lack of_suitable market tbere£or, Lessor: mat grant- Leasee.suspension of C tO % nt . his obligations to produCe hereunder until 'a suitable market fir such gas Coif be: `enni.: and. during aoysuch W suspension .. . a ... N D .period, it :.!ball De deemed drat gas ffi being produced hereunder-,in-peying'gvanticies:-: F.xeept, en W however, : that beginning. on the anniversary; date next, -;of the year -of an extenaion. of- the lease by ,•reason of. M a shut-in well, lessee stall pay to Lessor. a shut-in royalty. equal= to' 52 per^aere of -the lease per annum in N 2 addition to the annual rental.. The minima'amnent' of`iauch'shut-in "'royalty payment shall-be,.S2LC. ,:.taeb. N2 c 4 year's .abut -in royalty shall be forfeited to Lessor except for the shut -fa' royalty paid for the year during, N which the well begins duc protion III. maximum extension ok the Nrs ea, due'to the existence' of a shut-in V pd i yell, shell be_ five years beyond the extension•term as' deaeribed:fa the ER'LENSION paragraph herein. The or granting of any'further estensicns-shall be at•tbe'aote'option Of" iiiinr: ' N v 17. 0PERatiORS - No exploration, drilling or production:; operation, `includingpermanent installations, .-1 ea . shall be within 200 -feet of any Japing • building or :Other inCluding water well or teservot', tl fa, without the written permission of. the owner of said impiovemmts' Lessee' stall. keep; a correct log of each well drilled: hereunder,. shoving by name :or ,description' the 'formations`passed through,' the-'depth=at rfiich each formation- was reached, the ?Meer of feet o£ each" vise' casing set in•each well, where- set. end: the total depth, of via* Well drilled --Lessee, within thirt (30)• days afterthe completion" or abandonment of • any well drilled hereunder; shall file.. in" theo££ice'oE Lessor-ct;.Coaipletr alit correct -logy ef.=sach:.mell; together with a copy of the electric logand the radioactivity'. of the well whet such loge, or either of ther, are fun; and eiso a copy, of silt; drill stem test results, s core records and'-analpses,-recora of perforations.; and initial pre -40460 tests, if any; I£-ary -Of‘ the latfomation• regdired 1.Y this paragraph is contained in reports required. to be filed with the" Oil and Gas-Conservattoi,'Commrsaion=of- Colorado, the requirements of this paragraph for aver information maybe sattafied by auc filing"with said• Commission, except for ,copies of the reports `as are require1�-by he folloripi psra and provided •that: sit':suet. information isTi ediately'evailaple'-ta"Lesson:: Any' propifetarrYn"forwat£on'so'`.srlmitted-shall not bed subject to public inspection under Coloradolaw. - - (Rev. 11/86) Lessee shall. hug.;pipelinea;belov plow :depth.:Lessee shill set "rd. cement sufficient surface cuing to protect the, fresh_ water -yells of tharea. - _- 18.•..NOILYlCAT10N :7 Lena shall notify Leaeorande the surface 1 or surface owner of the 'Idea inn of each drill site„at..leaat twn. seeks prior, to cementing drilling operations thereon. I Lessee eha11 notify Lessor before coarweing to;, plug and abandcr any well • by copy of Lessee request"for -approval bi'-sundry. notice ofintentto.plug and abandon. - - o U 19. ; !GADS • l ge . f , .. k /and; livestock, growing . Lasses shall :De liable -for all dame a to the surface o£ the O crops,. water veils, reservoirs,, or improvements caused by Lessees operations w said land No operations . co U shall; be comaenced ffia.,laod:hereinatove, ducribeQ-.unless end tint L Lessee shr1Lhave. 'Atari a good •.end:. sufficient bond. with Lessor,.. in: an amount_ t: he fixed by Lessor, to eeeure the payment for such damagee•en Q may be:. caused, by. Lessee's operations Cm ...S141.- land wed to usure:eewpiiarice'i-tth all the torts end previsions. o W of this .lease, she" laps of the. State of Colorado,. and the rules and-regulationsthereto appertaining.' A -bond=maybe- held_ in. effect for the, life pi; produciton: of mq well . .. 0 14 1t q 20. S} TILHEI1T - Lessee shall not remove any machinery; equipment:or fixtures placed cc said land, a' drill : eq c, nor draw the casing; from sty yell ,carless avd_until al!,paymentsNand p other than Sag G 9 y W obligations currently, due Lessor wader the terms cif Lila Yea ie sDali rove Deer- paid or' satisfied..; Any v a -machinery,, equipment. ;or, f•�tures left on:this land_ for a period or more than six (6)- months after- the .. gall expiration hereof,. all autocratically become the;. property, of tenor.- .,. in a 21. GTNER EISCOCOtY . Should Lessee discover any vauc luable products other than oil and gas, on or o a within the leased land, Lessee shall within seven. (7) days. report suet discovery'te Lessor,- in which' event ci CJ • Lessee and Lessor any negotiate a provision- for production of such discovery.' �� 22. :.;NAh1t - This lease dote mt. grant.,permission., empress, or implied; to Lessee for rater' eaploration; co E drilling,. or eetaDFisbing:water veils: without tDe vriccec permission of the surface''owner IfLessor Ys"=i?e o N `' W surface ,owner, saik_permission-, shall: nos. be unreaswaDly- withheld '.I£ Lesseeltiesites to; establish or .-i 5 adjudicate: any. waterright.,for , beneficialuse on they leased, land, any such. 'aaiudicat w or application'Iliall rn W be •in: theuse of;:;Lessor :if .Lessor i,e. the surfacee, et. ar. same shall apply to' any aoutribvtary water en -- rights. . eetabliehed-or she, leased land which may beput to beneficial use off said -land.' N �y a C 27. DREAMT_ --:Upon failure or defaelt of lessee to ecmyplWith any: of the terms and provisions. Hereof 0 >4 including but; not -liau2teE;to.,the failure,. to comp!^:'with lays,..rules and regLYations gwerntng'. Colorado'oii U CC QW' 2 and gas operations, Lessor is hereby authorised., upon notice ask hearing,„*i hereioefter provided, to cannel: this .lease as to all „of the leased lath so claimed cr ,possessed by Lessee hereunder. In the event' of =soy el N such' default or fatlnre,; Lessor shall, ;Eefo:e� taking anv end' cellaiun, send to Lessee by er ctified r o - caa .. _ N v mail;. to-the:post•o fife;address of said..lessee. as shown by the research of Lessor, a notice of intention to '-' o in the ting that if witD.in £Dirty (30),'days Intl -c cancel: for such: failure or default, epee£$ S, same sta a al W date of _mailing: said notice, Lessee shelll correct sack failure: cr default, no canuitatioa Will be made:: If such failure. or default. is not corrected, within_ thirty (30). Gays after' the mailing of euehtic noe, and if Le ssee does not-request:a a vS oa.snch`netiethitthirty (30) days, this Tease vill`terminate an'ci to cancelledbyoperation of this paragraph wlthovt further action by Lessor, or' further notice to Lessee. 24. =WICK If Lessee fails to make discovery of oil and ;gas, or either of the:, in paying gvantltles during -.;the primary,. term hereof, orduring drilling operstroes eommeneed during. the iiimarv.term hereof, Lessee ray mane written.appiication to Lessor for an extension- of this lease fey a term equal to.the primary, ten As to., all-„ th ofe mineral, acres... covered hereby (encluding any. mineral £acres theretofore surrendered:,as_ in -:the ER_pss+8nph Prcvsded,. or assired as irc,tbe A55Tne tiIS Paragraph provided).. _.. The grsating;of ,:mob extestai.on-shall'_he_;at the sole option o£ Lessor at douDlr -tDe rent'ai"fot tM primary tern hereof. • (Rev. 11/86) 25.. HOLD EARMLESS.-. Lessee'_ shall v Indemnify, Lessor against; al' pliiiiiliti end, loss, and against all claims and actions, including the defense of such claims er actions, based'_sipot Of arising out of daage or injury,including . -to € ""' parsons cr.property cased by or sustained is eonneetirir with operations"on ttiis leased land or by corditioas'•created-.thereby, or. based upon - any. violation-_ of any statute, ordinance; or regulation. O 0 _26.. ,. COhmffiiCPON . If the leased land shall,be taken in ' any condemnation proceeding, . this lease tall rU + automatically terminate as of the -date oCtaking: The award' for such condemnation shall be paid to Lessor, 0 except forc any .specific avard(s) paid. to Lessee for - severed oil and:•- gas reserves, in .which event c.0 XXXXXXXII of such specific award(s)"Stull' be -paid to Lessor in lieu of royalty, loot Thy virtue of the A . condemnation' Improvements shall. be removed by Lessee'per terms In theSBTQ.Et -ff.NI Paragraph he rein -27. --LE -ALE ,a only a portion of the leased land is taken" by condemnation, Lessor may, at -its option, terminate this lease 0 3 .. or terminate only that portion of the lease (so taken:. 0 O n W 27. ERRORS - Every effort, is made by Lessor to, avoid errors in all procedures including but not limited to auction listings and lease preparation.-- Lessor shall not -be liable fot..ang..inconvenience or lose Ucaused by . errors: which. may occur. Lessee shall notify Lessor immediately Won discovery of any errors or W� discrepancy whatever. tn 28 ARCHAEOLOGY - Lessee shall not destroy, disturb, mar, collect, remove ors Yoe rehistorc or '-I x historic resources of any kind oo. Weld County lands. as provided by law. These resources lddr.tot are not. al limited to ail-arci₹aeis of sto'ce;'wood -or -metal,. pictographs, structures, end4Dom3c it ditcevero of. 0 U anything of prehistoric or historic nature shall be reported to Lessor on4 a !Btate,;of- Colorado do Archaeologist immediately. NM'- O k2 29. DEFIt.'STIOHS - 64 ON a Ca 5 (a) "Gas". aswb used. herein shall mean all asses and aonecustible), including but not limited to all gaseous ocarboat; arenas e n �. _ g. hydr ,.g compounds; carbon OfoxtCe; and helium.. CU z - (b) "Oiland gas" as used herein shall include an substances produced as by-products rherccith,. NZy including but not limited co sulfur., 0 a+ U C (c)- "Paying quantities" as used herein shall mean and -,refer . tom.sntities. cf' oil' -and gas or of (a CSC either of then suf£iciear tc pay for the current cost of producing same. .._ ... N 0 36 ` 'HEIRS -MO "ASSIGNS - The •benefits and- obligations of this lease shall inure to and be binding upon N,.i 0 the heirs, legal representatives, -successors or' assigns. of Lessee; but no sublease or assignment hereof; or. CO of say interest herein,: shall be binding upon Lessor until the same bas been approved ty Lessor as •explained. in the ASSIGNMEHISt paragraph provided. 31. %MIAMI OF TITLE Lessor does not warrant title to the leased praises, but 1tshall, upon request, allow Lessee access to such abstracts and other title papers as it baa in its (fin There shall be no obligation on Lessor's part to: purchase new orsupplemental orother title papers nor to do: any curative vatic in connection with title to the subject Lints. All abstracts of title whether new or supplementary, obtained by Lessee and -.covering the -::subject�_ lands sba1L'become the property of and be delivered to Lessor after Lasses has completed its title eranination and .curative work, subject, -however, to the right of Lesse.'to use such abstractsupon. request 'at any time .during ::the term -of 'the Lease. (Rer. 11/86) IN WIII4ESS WHEREOF, lessor. has hereunto signed and caused its name to,be signed by the BOARD OF CON=Y CO�,I OF fifty,, vith'the salt of 'the-officn affixed, and- Lessee has signed COL412SSIONERS -.. ,OF IH°:.: •., .... agreement, the day and year . 't above Written .- ..t. i cotErr- COM"Q.. .TONERS.. "'It) AiSE=S;i ii',;f,w el V Weld County,Clerks tdk �' ,ao the Soarer., O.. 0 3 e .2../ .. J oz } A. to U o a svot es l'SJLCRARO'C4'." _ au -Or itov :): ss. r z cairnor WEIR ' ) .-1 H -. 1 Tit . . .: _. vas acknwledged before me this B ay ,� H� lheforegoing,Ytsttumeat .. � � � d' of u O y. 1931... by l\l+xa� tvr.\w,e ..... CO tb WW ' Witness my hand and official seal.- PIZ 1Ity Commission. Wisest My Car eh ron:: ns EP -DA.- � -°, u ms NC NsiWt mg 26 swerve a 8E 8 19A0- . a(4 neramms map TO wwwwwT Tbs me TEN f. MORRIS*, Beards alt ins he on, lin*nstii. That, Fens, the foReats dasaied real property, via: tats (4t) Button 54, ltrorraffig.1k Rorsh, Iona 51 lent/ situated In the County of Weld and State of Colorado, was subject to taxation for the year (err aar4 A. D., t9..S11.. AND WHEREAS, the taxes assessed upon said property for the year ripen) aforesaid remained due and unpaid at the date of the sale hereinafter named; AND WHEREAS, the Treasurer of the said Countytadtestilea.dtatherodleasfaittewast*ausrese rile_lda ___ ,.tlid' on the kb .'--fiday of --.-- n'—_-., A D., 19N.,by vitae of the authority vested in him by law, at an adjourned sale, the sale begun and publicly held on the ...3$Rk..._ day of •"'...4xeldbfiS__._ A. D.. 19.Ra, expose to public sale at the office of the Treasurer, in the County aforesaid, In substantial conformity with the require- ments of the statute in such case node and provided, the real property above described for f,e payment of the tans, Waist and costs then due and remaining unpaid on said property; AND WHEREAS, at the sale so held as aforesaid by the Treasurer, no bids were offered or made by any person or persons for the said property and no person or persons having offered to pay the said taxes, interest ant costs upon the said property for that year (sojourn and the said Treasurer having passed such real property over for the time, aid re -offer it at the beginning of the sate the next day (and each succeeding day of said sale) and dr Treasurer having become satisfied that no sale of said property could lee had, therefore, the said property was, by the then Treasurer of the said County, strides off to the said County, and • ertifcatt... of sale (was) (aas4 duly issued therefor to the said County in accordance with the statute in such case made and provided. AND WHEREAS die said property.... (was) (aroma assessed for that year lox (more) than one hunted dollars. Y Gorplse) at a sum of AND WHEREAS the said County has held said Certificate ... of sale for three years or more and the said propertj_... has pens) not been redeemed therefrom err provided by law. AND WHEREAS the Board of County Commissioners of said County has made application for a tax .teed; AND WHEREAS all the provisions of the statutes prescribing prerequisites to obtaining lax deeds have been fully complied with, and are now of record and filed in the office of the County Treasurer of said County; NOW THEREFORE, 1, .__ Bartn_s. Etter Treasurer of the County aforesaid, and by virtue of the statute in such case made and provided, have granted, bargained and sold and _ _ do ,u itargain and sell the shove and foregoing described regf estate unto the said County of W-; Mosier, spbject to all rights of redemption by minors, insane persons or idiots provided by law. IN WITNESS WHEREOF, I, .—.__. Harre)r E. Etar , Treasurer as iforesa4hyttrtlie of the authority aforesaid, have hereunto set my hand and seal this 15th day of Certificate No...._1( 4 Book No. 10 Tau Sale Record. Year of Sale .14Ti Q._.. S. D. _Bt. =_ (SEAL) , Colorado. STATE OP COLORADO/L. Co0)iol iof Wa. fopegs was acknowledged be5ore me this .... 25 14 day of . S !�� A, D., 19 ~vise• -t: . .. as County Treasurer in and for the County of Weld in the pghaedind official seal dais ...._z�dry of �9 —SW* litG4OHRT,--- Oa b. 15d o! 1 State of Colorado,) )sa. County of Weld ) wocllt2 n1wBf m the District Court go, 10119 The Boer& of County 0hpsissioners of ) the.0ounty of Weld. State of Colorado, ) der ) Plaintiff. ' ye. ) S. Adams; Luis DISento and ) Dominica Di Sento; John Fink; ) Id Duren) J. Edward Smith; john T. . Conway; Marcus C. Bogus; DUrlend Tr. Co. a tor- ) Cordon V. Comer; Hubert flapper; - potation} U. P. Railroad Company. • Corporation; tt ° Anton H. Elosener;. Anton Hebry Kinston; ) James B. Elusener; Heirs of James B. ) Meaner; F. Ssift, Quinton Roosevelt ) Swift;, Glenn Perry Adobe; Floyd Lee ) Adama, Perry C. Ball; James Campbell; ) J. S. Grabill; Margaret S. Grable; • ) Helen Kent; Laura B. Campbell -- _ Earnest W. Queen;M.S. Raditsky; John William Grocer; Federal Acceptance Corporation. a -corporation; ) L. H. Nicole; Edna Venrick; Vera ) Leacook) Bessie Dinemoor; Mabel - ) -- ______ - _--_Sparta;_Carrle._P..a;_ker: Veva Davis;_,) --------- Hazel Recker; Bertha Gordon; _Y Hasel Roesiter; Helen Freeman; ) Anna Freemen; Mabel D. Butterweck; Earl K. Dolton; E. 7. North; Frank ) Sledeck; Margaret Lr Kraxberger; ) Wayne W. Kraxberger; John N, Agin; ) Farm Investment Company, • corporation; ) Core M. Chapel; J.B. Keyser; ) J. F.`Douohmen; Mary A. laayman;. ) Karl Udet; Rhea G. Udet; ) Ruth P. Nies; Delbert E. Sick; ) lama Gibson; Dale R. Holland; ) Levi Peek; Farmers Loan Company, a . ) corporation; Alice Whalen; Jaobe Haire; ) Joyner Investment Company, a corporation; ) Matilde Watkins; Minnie MaHala; -Rosin. Werner; Nellie Christenson; ). Fred Watkins; The Greeley-Poudre t Irrigation District; Ralph E. Waldo, Jr., ) -_ Public Trustee of Weld County. Colorado; - ) The State Land Board ) of the Stets of Colorado; and any and ) all unknown persons ebb claim any tight, ) title or interest in and to the lands ) described herein es the subject Setter of this ) action., r.,. artin ri•1•'. Lowly a,i.ii?.trd ..,d ) actin;; t ut lic Ir..3t :i .O;c;ccunty,CoLo: da, ) 1 FILED IN DISTkb'T COURT WELD CD , cos. NOV 1O'342 A. J. LUTHER, CLERK., J^_cr-s In -...Ant Title 1 SIIIIIMMIP ti 1/1 50 Si. n! see, 140 !yolk 1a 4 1. 92. S .s se* Abs. 18. 93 9 R. R. 06 1. 29. utttd$et 1/11 Shawl is 4 599. Ot, R1 "9 R. R. 6 Is. 30. tion.1ttt 11/St at. In al flgerno Tp 9 R. R. 62 1. 31 13811•16•1 31/716 let. in 8j* In. 22, Tp 9 R. R. 62 it. 32. IIutST14Sd 1/12 Interest in R 8ec 27, Tp 9 R. R. 6a 7. 33. Undlt169t 11/36 Interest in wook so.. 27, Tp 9 R. R. 63 71. 34. Undivided 11/36 interest in *NMI see. 27, Pp 9 R. R. 62 1. 35. Thee. 18. Tp 9 N. R. 64 1. 36. 4 Oteeept 17.10.11.11. Reservations) see. E3, Tp 9 R. R. 66 1. 37. See. 11, Tp 10 R. R. 61 1. CO. et 9-. 3C, h x, . GO R. 39. W}d* see. 28., Tp 11 R. R. 66 1. Witt Sec: 34, Tp 12 R. R. 61 71. 150 /O'des3 fm. Y+Ise Mc (ertt.4. ri•.= W. corn. R°' e° Ns.atY n Sc. her rin_otee. DIpst oplteritte. That Whereas, a Treasurer's Deed was executed on the y a,_..71svitla4. 19,0, conveying the hereinafter described property to Weld County. a y frry Omahas:1 county of the State of Colorado, and said Treasurer's Deed was duly recorded in Book .1071. at Page-fit,,..,-in:the record, of the Comity Clerk and Recorder of the County of Weld, State of Colorado; ANJ[t'WEIEREAS the Canty. Comemeimrsa of the County of Weld did elect to sell said property as provided • by law, add did aime aotke of sale at rob* auction of such Real Estate to be advertised in two issues of .-...-- t 01'sa• Dante? a newspaper of general circulation in the said County of Weld; the first notice edverthed not mime than thirty days nor less than twenty days before the date of such sale, and second make advertised not more than fifteen days nor less than five days before such sale, and did post said notice in a public place in the County Courthouse for at least thirty days before the date of such sale: and thereupon did offer suck real estate for sale at public auction eillatitellatWj on the .._.2$ad..... day of l o!althee , 1944, (at the than and place as stated in said adverthed notice;) AND WHEREAS, tirnnt tknot .._._._._._.........__-..— of the County of 'IOL4,-.-_......_ State of bid for said property the sum of ..one..Shmsead - - - - - - DOLLARS and ..__..no.,.._—.,,.._ CENTS, which bid being the highest and best bid Inc cash in hand (and being more than one-third of the latest appraisal of the full ash value made by the County Assessor of said property) was accepted by the Board of County Commlwloners of the said County of Weld; AND WHEREAS, the said ....-.—._.._.Haat.afli21ERE__.____.T..._'---_.____....___.... has paid the sum of - _ _ _ 'CENTS ono. thousmd .'.-.--__._._.__.--—.._ -DOLLARS and .....t9 in full payment of said bid for said property: NOW THEREFORE, Weld County, by ..Mar 4.H.-.8eawanits Commissioner appointed to execute this deed being the same person as liaro]tt.H...semen , the duly qualified afa.p * County Treasurer of Weld County, acting upon the direction of the Board of County Commbsioners of Weld County and as f County Treasurer, in executing this deed, for and in consideration of the sum of.9%It.?btaLanritt---- _,-...-..-.,.T - DOLL.ARS and ..._R9 CENTS, paid as aforesaid, and by virtue of the statutes in such rase made and provided, by these presents does grant, bargain and sell the following described real estate. tn-wit: ifi7n: section 34, Township 12 North, 'rondo 61 '4eat of ti,' ,th P. :.', except resenatious in favor of the Union Pacific Railroad Company and except reservations in the United Sautes patent and reserving existing reservoir sites and existing rights of way for roads and irrigathm ditches and subject to existing leases; had reserving therefrom..to grantor, the oil, gas or other minerals therein. situate, lying and being in the County of Weld: State of Colorado, unto the said :n,i,t :kctttly fiat) his heirs and assigns, without any covenants of warranty whatsoever and subject to all the right- of redemption by minors, insane persons or idiots as provide( by law. This deed is made pursuant to resolution of the Board of County Commissioners of Nl-lei Cusanp. Colorado, duly made and entered of record in its proceedings the 22nd day of ...::oaanher A. D.. 1443, appointing VarSt)4 Be semen . Commissioner aforesaid, In estate this deed in la -ball of Weld ('runty. and to affix the seal of Weld County, Colorado, conveying said real estate to second party hereto. IN ITNESS WHEREOF, I, lian1L, '. S.enmu Commissioner ap, sointevl to execute this dee*iij of said County and by virtue of the authority contained in the order niacin by said Board of- County 4‘17-' Commissioners out the 22nd day of TIOVOMliff 19.3.. have nF S�r hereunto set my hand and affixed the seal of said County this ._..:; .;.�_, day of y 81V ,_ yaaoar""......._.._......_...... .--_. l4 43, for the us~i a1ra�:.PniQ'osa�lJBatUn set forth. 4c2 -x'" (SEAL) Its Crmmissianer to ereo4e Mix deed and as (lap "c9 County Treasurer of Weld County, *hue,/1 . t was acknowledged before me this _.X day of/_eif.«e-e--444-- A. D. l9'' a !!., Commissioner appointed to execute this deed. - AR2223791 RESOLUTION' oo o • U RE: AUTHORIZATION OF OIL AND GAS LEASE COVERING -CERTAIN PROPERTY • o OWNED BY WELD COUNTY,, COLORADO, LOCATED: /N SECTION 34,.. V TOWNSHIP 12 --NORTH, RANGE 61 WEST OF THE- 6TH'P.M., WELD COUNTY, COLORADO ow oz n wx WHEREAS, the, Board of .County Commissioners .of Weld County, 9 Colorado, pursuant to Colorado statute, and:the CountyHome Rule Charter, is vested with the authority of administering the u affairs of Weld County, Colorado, and o tL ti WHEREAS,. Weld County, Colorado, is the owner of vast acres of eix z mineral lands located in Weld County, Colorado,and w oa a+ U n x WHEREAS, a portion of said mineral acres not -currently leased ` W was put up for bid to lease, and toE O WHEREAS, Horizontal Resources: Corporation, Box 100279, m• m Denver, Colorado 80210, submitted -the high bid to' lease 160'net mineral acres, more or less, described to -wit: N 2. N Section 34: NW}, Township 12 North, Range 61 West of the 6th P.M., Weld County, Colorado w WHEREAS, Weld County desires to accept the high bid offer submitted by _Horizontal Resources. Corporation'to..lease the above N .4o described mineral acreage for $32.42 per net mineral acre, for -a- m p total sum of $5,187.20, together -with a rental fee:of ONE DOLLAR ($1.00) per net mineral acre, which lease is to run;for.a period. of three (3) years, commencing August 8, 1990, and'ending at 12:00 noon on August 8, 1993, unless otherwise held, as stated in the lease agreement which is attached hereto and incorporated herein` by reference. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the, high bid offer. of Horizontal Resources Corporation,. Box,100219, Denver, Colorado 80210, be, and hereby is, accepted .for a period of three (3) years with the total sum being as abate listed:. 900728 O /4';1 Page 2 RE: OIL AND GAS LEASE - HORIZONTAL RESOURCES CORPORATION O-4 0 0 NO o o 0 a oc4 ARi 0 0 U vC .. w r1 • • Y oa co U NZ 1 N cold co E • N a w aw. n�. N N 7. N N O n .P O N N cal pl W The above and foregoing Resolution was, on. motion duly made. and seconded, adopted by the following vote on the Stir day of August, A.D., 1990. ATTEST: Weld Co r the Board to .• he Board APPROVED AS 4EO County Attorney BOARD OP COUNTY COMMISSIONERS WE L '/ OUNTY, CO ORADO nnedy,. Pro -'D m/ G nstance L. Harbert 900728. Hello