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Home My WebLink About20022868.tiff RESOLUTION RE: AUTHORIZE EXTENSION OF OIL AND GAS LEASE PROPERTY OWNED BY WELD COUNTY, COLORADO COVERING CERTAIN TAP ENERGY, LLC WHEREAS, the Board of County Commissioners of W Colorado statute and the Weld County Home Rule Charter, eId County, Colorado administering the affairs of Weld County, Colorado rter, is vested with the authoripy ofuant to and WHEREAS, Weld County is the owner of vast mineral lan Colorado, and ds located in Weld County, WHEREAS, TAP Energy, LLC, submitted a request to exten mineral acres, more or less, described to-wit: d the lease of 160 net S1 /2SW1 /4, NW1 /4SW1 /4, SW1 /4NW1 /4 of Section 1 , Township 3 North , Range 61 West of the 6th P. M. , Weld County, Colorado, and WHEREAS, Weld County desires to approve LLC, to extend the lease on the above-described mineral acreageEnergy,for $10 per net mineral acre, for a total sum of $ 1 ,600, together with a rental fee of one dollar ($ 1 .00) per net mineral which is to run for a period of six (6) months, commencing October 27, 2002, and acres, April 27, 2003. ending NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the request submitted by TAP Energy, LLC, to extend the lease on the above-described mineral acreage for $ 10 per net mineral acre, for a total sum of $1 ,600, together with a rental fee of one dollar $ 1 . 00 ( ) per net mineral acres, which is to run for a period of six (6) months, commencing October 27, 2002, and ending April 27, 2003, be, and hereby is, granted and approved . 2002-2868 -6EaK0 (10 : .-P eAu� C -V , a �,. ec�: cr RE: AUTHORIZE EXTENSION OF OIL AND GAS LEASE COVERING CERTAIN PROPERTY OWNED BY WELD COUNTY, COLORADO - TAP ENERGY, LLC PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded , adopted by the following vote on the 28th day of October, A. D. , 2002. BOARD OF COUNTY COMMISSIONERS WEL COUNTY, QOLORADO .10-64.A ATTEST: GIB , Vaad , Chairman e s. Weld County Clerk to th n d;.. , � _ - 1`, �j Davi : . L g, Pro- Deputy Clerk to the B d 4 A IK _ - +-w M. J . eile APPROVED AST RM: Willi mH . Jerke oun riey Robert D. Masden il/Date of signature: 2002-2868 LE0201 54Kusa 6 TO: Board of County Commissioners FROM: Bruce T. Barker Weld Coun tY Attorney wilDe DATE: October 23, 2002 RE: Request for Extension of Oil and Gas Leases from TAP COLORADO Energy, LLC A request for an extension of an oil and gas lease has been submitted by TAP Energy, LLC. The lease comprises 160 acres of property in the S1/ZSW1/4, NW1/4SW1/4, SW1/4NW1/4 of Section 1 , T3N, R61 W. TAP is asking to extend each of the leases for a period of six months. Attached is a copy of the Board's mineral leasing policy which states that one six month extension may be granted for each lease. TAP has submitted a check in the sum of $ 10 per net mineral acre, for a total sum of $ 1 ,600, together with a rental fee of one dollar ($ 1 .00) per net mineral acres, which is to run for a period of six (6) months, commencing October 27, 2002, and ending April 27, 2003 . I recommend that the Board extend the lease by resolution. ce . Weld County Attorney Attachment pc: Clerk to the Board 2002-2868 LeCd*.6I 4) After a warrant is formally declared void, it can be reissued out of the general fund by Board action should it be presented after six (6) months from the date of issue by the payee. d. Disposition of unclaimed property by the Sheriff shall be pursuant to Article VIII is Chapter. 2. After following the existing procedures for holding and advertising such unc ' ed property, all noncash proceeds of the sale shall be sold at the periodic County auctions, and t e proceeds of the sale deposited in the County general Fund. All cash or cash-equivalent unclaim �operty shall be liquidated, collected and deposited in the Couritygeneral fund. 3 . Unclaimed property held by the County shall be held f isposition by the County, and shall not be turned over to the State of Colorado. No unclaimed property shall be disposed of except pursuant to approved regulations and plans. f' I. By resolution dated January 20, 1993, the Board of County Commissioners established the Weld County Task Force Committee on Disposition-Of Forfeited Property;-comprised of three (3) members: 1) the District Attorney of the 19th Judicial District, or a designee thereof; 2) the Chairman of the Weld County Task Force, or a designee thereof; ni 3) one (1) representative selected from the local governmental entities participating in the Weld County Task Force. The local government member of the committee shall be changed every two (2) years. Selection of a new committee member shall be made nominees submitted by the participatingjye 1 governmental entities which do not currently have representati on the committee. Any local govejprnent that is a funding agency for law enforcement offices and/or depa nts which are members ophe Weld County Task Force may recommend to the Committee on Disposition Forfeited Property any individual for service on said committee. Said recommendation shall be made no 1 r than sixt(60) days prior to the termination of each two-year term. (Weld County Codification Ordinance 00- ✓1) Sec. 2-2-70. Mineral leasing policy. A. The County owns mineral rights for approximately forty thousand (40,000) acres. On November 19, 1986, the Board of County Commissioners adopted the following mineral leasing policy by resolution: I . The term of the leasing period shall be a maximum of three (3) years. 2. There shall be a continuation of the sealed bid process with the amendment that the top two (2) bidders and any other bidder within ten percent (10%) may participate in an auction. The opening of the sealed bids and the auction shall be held on the same day. 3 . A bid of at least ten dollars ($10.00) per acre shall be the minimum amount required. 4. There shall be a continuation of the requirement for certified funds. 5. Where there is a conflict concerning the ownership of the lease, the owner of the lease shall provide evidence of ownership. 6. Royalty interest in the production to be paid to the County shall be at least twelve and one-half percent ( 12.5%). Specific amount of royalty interest shall be set by the Board of County Commissioners prior to the bidding process. 7. Royalty interest in the production to be paid to the County shall be twelve and one-half percent (12.5%) when bidding is waived on small parcels under five (5) acres, with a minimum of a two-hundred- dollar royalty bonus for the parcel. B. On August 29, 1985, the Board of County Commissioners adopted the following policy for extending \ / the terms of all mineral leases. The Board will extend the terms of all mineral leases in which it is the Lessor 2-23 c4)c2 O27Z ? according to the following conditions: 1 . No lease tern will be extended for more than six (6) months from the original expiration date as contained in the mineral lease. 2. The Lessee shall pay to the Lessor the sum of one-third (?) of the original bonus, with a minimum bonus of ten dollars ($10.00) per acre. 3 . The Lessee must pay to the Lessor the sum of one dollar ($ 1 .00) per acre leased as delayed rental for the tern of the extension. 4. The (Weld County royalty roY a will remain the same as in the original lease. Codification Ordinance `J 2000-1 ) e. 2-2-80. Uneconomical oil and gas wells. A. y resolution on November 19, 1986, it is the policy of the Board of County Commissioners that the Board m grant the operators of oil and gas wells on County leaseholds the opportunity to temporarily suspend oper ion on those wells that are, in the operator's opinion, uneconomical to produce. B. The suspen ' n may be granted by the Board of County Commissioners on receipt of a prop request for the same. The Bo d will, however, review such request on a case-by-case basis and will nt or deny the request as warranted. C. The suspension will b granted for a term of one (1 ) year from the next anniversary date of said oil and gas lease, subject to renew if appropriate. D. The request for suspension production shall include the following: 1 . The production costs associa d with the well and the current p oduction and revenues received for the production and other reasons ju ifying the request for susp sion. 2. A listing of all working interest pa ' s in the leasehol attach Division Order if applicable). 3 . A plat showing the amount of produc 'on fro e well and current production from other producing wells of non-County ownership in the re ry (identify operator of non-County production). 4. Proposal of lessee, if required, to protect C , n mineral lands from drainage by adjoining wells located on non-County lands. E. The Board of County Commissioners ill not entertain waiver of the shut-in royalty or per-acre lease rental provisions of its oil and gas leases. (Weld County Co ' 'cation Ordinance 2000-1) Sec. 2-2-90. Proclamations and special resolutions. By resolution on September 15, 1986, it is the policy of the Board of Coun Commissioners that the Board will only issue special proclamations and resolutions for recognition of e nts, causes and periods of celebration for subjects specifically and directly affecting the County governme t. Sec. 2-2-100. Work 71ease program. As a general prae, accepting individuals sentenced from other jurisdictions into e Work Release Program is disc raged. However, in order to promote positive relationships with other 1 enforcement agencies and e community, these individuals can be accepted at the Work Release Superviso ' discretion and only der the following conditions: Travel to the place of business from the Sheriffs office must not exceed sixty (60) miles, an this stance must be equal to or less than half the distance that the individual would be required to trove if 2-24 TAP Energy, LLC �,, ifillaigiglitril 518 17th Street, Suite 1180 Denver, Colorado 80202 II 303 885- 3741 II-OCT 2002 A RNE,0 October 18. 2002 S O FFt c E Board of County Commissioners 915 10th Street P.O. Box 758 Greely, Colorado 80631 Re: Extension of Oil and Gas Lease S1 /2SW1 /4,NW1 /4SW1 /4,SW1 /4NW1 /4 Section 1 , Township 3N, Range 61W Gentlemen: As provided in Article 24, of the original lease (copy of Resolution and approval of Assignment to Tap Energy attached), TAP Energy, LLC, herein requests an extension of 6 months be granted to the lease term, from its expiration date of October 27, 2002. We have enclosed our check # 1036 in the amount of $ 1 ,760, paying a bonus of $ 10 per net mineral acre plus rental of $ 1 per acre. This extension is necessary due to the complex leasing of other fee owned minerals within the Section, which has delayed our being able to plan to drill a test well. Please provide us with confirmation of your acceptance of our requested extension at your earliest convenience. Please call at the phone number listed in the letterhead above if you have any questions regarding this request for extension. Thank you for your help in this matter. Yours very truly, ,J Thomas A. Pool cc: Bruce T. Barker --, P/eeg,..re Veit ; /y h f ; .5- ac: /c-c-/e„ e,i . / 1..enifft v"ii,(/ /r * ,tom-��W7 OFFICE OF THE COUNTY COMMISSIONERS 91 10`x' STREET P.O. BOX 758 B c GREELEY, COLORADO 80632 (Li a 11- 1#sCiRa""i3/4%N\\\4" WEBSITE: www_co.weld.co.us 0 IPHONE: (970) 356-4000, EXT. 4200 FAX: (970) 352-0242 COLOR ADO September 10, 2002 4 x�z ti .. .� Thomas A. Pool Tap Energy, LLC 518 it Street, Suite 1.180 Denver, CO 80202 - Re: Assignment of Weld County Oil and Gas Leases This letter is in response to your letter of August 8, 2002, asking the Board of County Commissioners of Weld County, Colorado, to consent to the assignment of two Weld County Oil and Gas Leases to Tap Energy, LLC. One of the leases was assigned by Pool Oil and LLC, and is for property located in section 12-3-61 . That lease is dated March 13, 2002, and is recorded at Reception Number 2945263 in the Office of the Weld County Clerk and Recorder. The second lease was assigned by Floyd H. Miller and is for properties located in Section 1 -3-61 . That lease is dated October 27, 1999, and is recorded at Reception Number 2730666 in the Office of the Weld County Clerk and Recorder. Please be advised that the Board of County Commissioners consents to these assignments. If you should have any questions regarding this letter, or need additional information; please contact Mr. Bruce T. Barker, Weld County Attorney, at (970) 356-4000, ext. 4390. Sincerely, p1 xaw d Glenn Vaad, Ch rman Board of County Commissioners of Weld County, Colorado - pc: Bence T. Barker _ Hello