HomeMy WebLinkAbout830019.tiff AR192bb81
RESOLUTION
RE: APPROVAL OF DIVISION ORDER CONCERNING KCF OIL, INC. ,
2700 YOUNGFIELD, DENVER, COLORADO 80215
WHEREAS, the Board of County Commissioners of Weld County,
^I III
Colorado, pursuant to Colorado statute and the Weld County Home
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a ,o
Rule Charter, is vested with the authority of administering the C,; C-
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affairs of Weld County, Colorado, and ?> p^
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WHEREAS , Weld County, Colorado is the holder of a certain _
lease with KCF Oil, Inc. Said lease covers mineral acres more V
n-
particularly described as follows, to-wit:
Township 6 North Range 66 West of the 6th P .M.
Section 26 m-...
South West Quarter - 160 acres more or less z
Weld County, Colorado
WHEREAS, a Division Order concerning a Weld County Oil
Lr
and Gas Lease has been presented to the Board of County Com-
missioners of Weld County, Colorado for approval, and
WHEREAS, Weld County is entitled to a one-eighth royalty
interest on production, and
WHEREAS, in order to receive said royalty interest, Weld "
County must execute said Division Order, attached hereto and
o
incorporated herein by reference.
NOW, THEREFORE , BE IT RESOLVED by the Board of County
Commissioners of Weld County, Colorado that the execution of
the Division Order concerning said Oil and Gas Lease be, and
hereby is, approved.
The above and foregoing Resolution was, on motion duly
made and seconded, adopted by the following vote on the 7th
day of March, A. D. 1983.
BOARD OF COUNTY COMMISSIONERS
\,nfik^ r s , J WELD COUNTY, COLORADO
ATTEST:%`��lCr44_`er>> i " `
r y EXCUSED DATE OF SIGNING - AYE
Weld $u_Sr, er'k(11\ Recorder Chuck Carlson, Chairman
and C prif
�i ill oa d
BYi ' l' n L J T. Martin Pro Tem
YV9.4 lerk
APP7DMantner
County Attorney Norman Carlson
.L.c
Ja qu ine Jo n on
DAY FILE: March 9 , 1983 830019
111070
DIVISION ORDER
Effective February 7, 1983
Lease Payne, Inc. -
No. Payne 2-26 and Payne 3-26
4.:
The undersigned, and each of them, severally but not
jointly, guarantee and warrant that they are the legal owners
of , and are entitled to payment for , the interests hereinafter
set out, of oil and gas ( including all hydrocarbons therein
contained ) produced and saved or which may be produced and
saved from wells numbered Payne 2-26 and Payne 3-26 located in z
the captioned lease insofar as the same covers the land
described in Exhibit "A" attached hereto in the proportion HOD
shown in the division of interest attached hereto as Exhibit
"B" .
o
Effective on the date shown above at 7:00 A.M. Mountain
Standard Time, and continuing until further written notice as z
herein provided , you are authorized to receive and purchase, n -`'
for your own account or to sell to others , the oil and gas
( including all hydrocarbons therein contained) produced from
the well or wells covered hereby, giving credit for the
proceeds thereof in accordance with the division of interest
attached hereto as Exhibit "B" . In making settlements for the
respective interests of the undersigned in said proceeds of
the oil and gas ( including all hydrocarbons therein contained) IL:
you are authorized to use the market value at the well.
o
The following covenants , stipulations and terms are a zo
part of this division order and shall be binding upon the _—
undersigned, their successors , legal representatives and
assigns :
1. The undersigned agree that the oil and condensate
produced and marketed from Said Lands shall become the
property of the purchaser, whether or not at a location on
Said Lands , an3 shall be measured in accordance with
applicable government rules and regulations ; and settlement
therefore shall be based upon the price which you receive for
such production so measured , marketed and sold . Authorization
to deduct from such proceeds and actual cost of rendering the
production marketable , storing same at any point other than
the lease tanks , and transporting same to the point or points
of delivery to the purchaser will be at the sole discretion of
the operator of said lease and costs charged only against the
working interests as set out in Exhibit "B" .
' Payne Alpine Martin
Carlson Carlson Brantner Johnson
-2-
2. Unless sooner terminated, as provided in this
Paragraph 2, this division order shall continue in force and
effect as to each interest covered hereby during the
continuance in force of the lease or unit agreement covering - :a.
the land described in Exhibit "A" to which such interest is •
subject or upon which such interest depends (as the case may
be) respectively, it being understood that as to any royalty - 4
interest, this division order shall continue in full force and
c
effect during the continuance of the mineral lease binding r ry
upon the mineral fee interest against which such royalty '`
interest is chargeable . Notwithstanding anything herein
contained to the contrary, you may cancel this instrument in z
its entirety as to any or all of the undersigned and as to all
or any interest at any time, but not before initial payments -' rN
hereunder and only after giving thirty ( 30 ) days ' written u
notice to each of the undersigned at the post office address —
shown in Exhibit "B" , whereupon this agreement shall be null -
and void to the extent specified in said notice, effective as m
of the first day of the month next following the end of such a --
thirty ( 30 ) day notice period .
3. Payments hereunder shall be made by checks or drafts
to be mailed to the undersigned at the address set forth in Lq
Exhibit "B" with respect to all deliveries made hereunder . It Q. ..
is agreed , however, that if at any settlement date the amount 77 -
or balance payable to any of the undersigned shall be less m
than $25 .00 , you may withhold payment, wittout interest; but o.
you will in all events remit the accumulation annually. In G.
the event it becomes necessary t" treat the production as a
condition to the transportation az.d deliviery thereof to any
purchaser , or in the event delivery is made at a poiint other n- �
than the well , then in either event or both , an amount
commensurate with the actual cost of treatment , and
transportation and delivery may be deducted in making v u:
settlement for the interest set out from working interest in
Exhibit "B" for such production . Each of the undersigned m m
agrees that his interest may be charged with its part of any
excise, sales and other similar or dissimilar taxes , charges
or assessments (or any interest or penalties in cDnnection
therewith ) now or hereafter levied, assessed or placed thereon
by any governmental authority, or payable with respect thereto
or on the production or sale thereof to any governmental
agency; and each of the undersigned authorizes you to withhold
from the proceeds of any and all production subject hereto the
amount of all such taxes , charges or assessments , and to pay
or cause the same to be paid in his behalf .
RC Payne Alpine Martin
Carlson Carlson Brantner Johnson
-3-
4. The division of interest set onto in Exhibit "B" does
not constitute an -agreement by you that same is legally
correct, and you shall never be obligated to make payment
hereunder except to the extent of any interest to which the o
undersigned have good title. In the event of any adverse 2
claim or dispute concerning said land, and/or the production k
subject hereto, or in the event title to the interest of any
of the undersigned whose interest is affected thereby agrees
to furnish you an abstract or abstracts of title and any other
evidence of title to show marketable title in such owner, and
authorizes you to withhold payment (without interest) until z :
zry
such claim, dispute or question is disposed of and evidence of
such settlement or other disposition satisfactory to you has
been furnished , or until an indemnity bond in form and with
sureties satisfactory to you in your sole discretion has been
furnished . Each undersigned party as to the interest of such
party agrees that in the event any suit is filed in any court
with respect to his title to any interest subject hereto or
his right to receive the proceeds from the sale or other ;; rx
disposition of production subject hereto , he will indemnify
you against and save you harmless from any and all liability
for loss, costs , damages , attorney ' s fees and expenses which
you may suffer or incur on account of receiving or disposing
such party' s interest in production hereunder or distributing r=
the proceeds allocated to or accruing to or paid with respect
to said party' s interest hereunder . In the event that you
withhold payment pursuant to the provisions hereof , each of
the undersigned from .'hom such payment is so withheld,
severally, agrees to indemnify you and hold you harmless from z r
all liability for all production , severance, gathering, m
excise, sales and other similar or dissimilar taxes , charges
or assessments by any governmental agency now or hereafter
placed thereon , or payable with respect thereto, together with -
all interest and penalties incident thereto , imposes or
assessed against or paid by you on account of the sum or sums so withheld, and severally agrees that you may deduct all such
taxes , charges , assessments , interest and penalties so paid
from any sums owing to said party.
5. The undersigned severally agree to notify you of each
change of ownership of any interest_ subject to this division
order , and of each change in the person or entity entitled to
receive payment hereunder ; and no transfer of interest or
change in the person or entity entitled to . eceive payment,
however, resulting or accomplished , shall be binding upon you
until fifteen ( 15) days after you have receivad (a) a recorded
_ nstrument or instruments evidencing such transfer or change,
certified copy thereof ; (b) a complete abstractor title
C a A '!'
Payne 7 ' pine Martin
larlson Carlson Brantner Johnson
-4-
showing marketable title or legal right to receive payment in
the transferee or new payee; and (c) a properly executed
transfer order signed by all interested parties , transferor
and transferee . All transfers of interest and changes in
parties entitled to receive payment shall be made effective as
of 7: 00 A.M. of the last day of the calendar month following
the month in which notice thereof is received by you.
6. The undersigned do hereby relieve you from any
responsbility for determining whether any of the interests set .Y;
forth in Exhibit "B" shall revert to other parties or diminish ti
or increase as a result of the completion or discharge of
money or other payments withrespect to said interests, or for r =-;
any other reason whatsoever; and each undersigned party whose
interest is affected by any such change agrees to give you
notice in writing by registered mail , when any such change has z ,v
been accomplished or occurs , or when any such division of zNi
interest other than as set forth in Exhibit "B" shall for any -71 ^N
OD
such reason , become effective, and to furnish you satisfactory m u
evidence thereof , together with proper transfer orders signed ''
by all interested parties , transferor or transferee; and in ..-73 r::
the event such notice is not received by you, you shall be —
held harmless and are hereby released from any and all causes - -
of action, damages or loss which may arise or result from any
over-payment or improper payment. 7"
7 . The undersigned hereby expressly ratify and confirm —
the oil , gas and mineral lease or leases , pursuant to which ``
oil and gas from the property is being produced and sold , any
amendments and supplements to such lease or leases including —
any designations , declarations or agreements creating the unit
including the above described property, if such be the case.
me
8 . This division order and agreement shall be valid and
binding upon each every individual signing this instrument E A'
when signed regardless of whether or not any one or more of
the remaining owners or parties hereto execute the same. The
provisions hereof shall inure to the benefit of and binding
upon the heirs, successors , legal representatives andassigns
of the parties hereto and shall inure to the benefit of your
successors and assigns .
IN WITNESS WHEREOF, this instrument executed
this 3 day of rhe cut, , 1983 , in one or more
counterpart copies hereof , each of which shall constitute an
original hereof upon the execution by each party of such a
counterpart. ,
KCf' Payne Alpine Martin
Carlson Carlson Brantner Johnson
-5-
---/-
RCF Oil c. V
by - �2 744,4 , ) ? 4�3
President;/
-
Date
m, Lzi
Attest irjA4.:„. e/, )(4_, ,..,///
.�. ,�
Secretary ., .4;
Payne, Inc .
by , G• i u / __'5 -‹ V
President Date : —
/ z ,
Attest 1. !,; -:'-" r i ' as
ct <. �f
Secretary
.T.
Alpin E•n�egy, Inc . f L ii 753 -I_ ul
.. .
by
Prep ' nt Date z —
Attest Glt-/(4.;t, J �r,.,� • ``
Secetary x
Board of County Commissioners 7 —
Weld County, Colorado n
John T. Martin Date z c
z .
v
o
Chuck Carlson Date 6
m —
Norman Carlson Date V
nJ
Gene Brantner Date
Jackie Johnson Date
DIVISION ORDER
Effective February 7, 1983 Lease Payne , Inc . _
No. Payne 2-26 and Payne 3-26 c
The undersigned , and each of them, severally but not
jointly , guarantee and warrant that they are the legal owners -7- -
of , and are entitled to payment for , the interests hereinafter e, -
set out, of oil and gas ( including all hydrocarbons therein
c ntained) produced and saved or which may be produced and e,
saved from wells numbered Payne 2-26 and Payne 3-26 located in 7.±: ,0
the captioned lease insofar as the same covers the land
described in Exhibit "A" attached hereto in the proportion —
shown in the division of interest attached hereto as Exhibit _
"B" -
Effective on the date shown above at 7:00 A.M. Mountain =
Standard Time, and continuing until further written notice as
herein provided, you are authorized to receive and purchase ,
for your own account or to sell to others , the oil and gas w
( including all hydrocarbons therein contained) produced from .-_
the well or wells covered eereby, giving credit for the el
proceeds thereof in accordance with the division of interest
attached hereto as Exhibit "B" . In making settlements for the --:
respective interests of the undersigned in said proceeds of
the oil and gas ( including all hydrocarbons therein contained ) _
you are authorized to use the market value at the well . o
re _
The following covenants , stipulations and terms are a
part of this division order and shall be binding upon the
undersigned , their successors , legal representatives and
assigns :
OPJ
1. The undersigned agree that the oil and condensate
produced and marketed from Said Lands shall become the
property of the purchaser , whether or not at a location on
Said Lands , and ti:all be measured in accordance with
applicable government rules and regulations ; and settlement
therefore shall be based upon the price which you receive for
such production so measured , marketed and sold. . Authorization
to deduct from such proceeds and actual cost of rendering the
production marketable , storing same at any point other than
the lease tanks , and transporting same to the point or points
of delivery to the purchaser will be at the sole discretion of
the operator of said lease and costs charged only against the
working interests as set out in Exhibit "B" .
KCF — P ia}��s 4;lacl,s,
Carlson Carlson ra ner Jedinton
-2-
2. Unless sooner terminated , as provided in this Paragraph 2, this division order shall continue in force and _ tri
effect as to each interest covered hereby during the 00
continuance in force of the lease or unit agreement covering = c
the land described in Exhibit "A" to which such interest is
subject or upon which such interest depends (as the case may z r.
D rri
be) respectively, it being understood that as to any royalty 1, ;:
interest , this division order shall continue in full force and -
effect during the continuance of the mineral lease binding
upon the mineral fee interest against which such royalty - ,"
interest is chargeable . Notwithstanding anything herein
contained to the contrary, you may cancel this instrument in "' w
its entirety as to any or all of the undersigned and as to all c
or any interest at any time , but not before initial payments T
k
hereunder and only after giving thirty ( 30 ) days ' written
notice to each of the undersigned at the post office address
shown in Exhibit "B" , whereupon this agreement shall be null '=
and void to the extent specified in said notice, effective as
of the first day of the month next following the end of such _ `thirty ( 30 ) day notice period. z
ul
Q.
3. Payments hereunder shall be made by checks or drafts i,,J
to be mailed to the undersigned at the address set forth in m
Exhibit "B" with respect to all deliveries made hereunder . It
is agreed , however , that if at any settlement date the amount -
or balance payable to any of the undersigned shall be less m44
than $25 .00 , you may withhold payment, without interest; but
you will in all events remit the accumulation annually. In to
the event it becomes necessary to treat the production as a —
condition to the transportation and deliviery thereof to any
purchaser , or in the event delivery is made at a poiint other
than the well, then in either event or both, an amount ` a
commensurate with the actual cost of treatment , and
transportation and delivery may be deducted in making r —
settlement for the interest set out from working interest in
Exhibit "B" for such production. Each of the undersigned
agrees that his interest may be charged with its part of any
excise , sales and other similar or dissimilar taxes , charges
or assessments (or any interest or penalties in connection
therewith ) now or hereafter levied , assessed or placed thereon
by any governmental authority, or payab'_e with respect thereto
or on the production or sale thereof to any governmental
agency; and each of the undersigned authorizes you to withhold
from the proceeds of any and all production subject hereto the
amount of all suc'- taxes , charges or assessments , and to pay
or cause the same Lo be paid in his behalf .
KCF Paynlse A rtin
Carlson Carlson f— ra ner �H61on
-3-
4 . The division of interest set outo in Exhibit "B" does
not constitute an agreement by you that same is legally
correct, and you shall never be obligated to make payment
hereunder except to the extent of any interest to which the _
undersigned have good title . In the event of any adverse
claim or dispute concerning said land , and/or the production c.
subject hereto, or in the event title to the interest of any
of the undersigned whose interest is affected thereby agrees
to furnish you an abstract or abstracts of title and any other
evidence of title to show marketable title in such owner, and —
authorizes you to withhold payment (without interest) until
such claim, dispute or question is disposed of and evidence of r
Nn
such settlement or other disposition satisfactory to you has z
been furnished , or until an indemnity bond in form and with sureties satisfactory to you in your sole discretion has been
furnished . Each undersigned party as to the interest of such r.
party agrees that in the event any suit is filed in any court f: v
with respect to his title to any interest subject hereto or _ cn
his right to receive the proceeds from the sale or other
disposition of production subject hereto, he will indemnify
you against and save you harmless from any and all liability
for loss, costs , damages , attorney' s fees and expenses which —_
you may suffer or incur on account of receiving or disposing
such party' s interest in production hereunder or distributing
the proceeds allocated to or accruing to or paid with respect
to said party' s interest hereunder . In the event that you
withhold payment pursuant to the provisions hereof , each of
the undersigned from whom such payment is so withheld ,
severally, agrees to indemnity you and hold you harmless from
all liability for all production , severance, gathering,
excise , sales and other similar or dissimilar taxes , charges z
or assessments by any governmental agency now or hereafter -
placed thereon , or payable with respect thereto, together with
all interest and penalties incident thereto, imposes or
assessed against or paid by you on account of the sum or sums
so withheld, and severally agrees that you may deduct all such
taxes , charges , assessments , interest and penalties so paid _.
from any sums owing to said party.
5. The undersigned severally agree to notify you of each
change of ownership of any interest subject to this division
order , and of each change in the person or entity entitled to
receive payment hereunder ; and no transfer of interest cr
change in the person or entity entitled to receive payment,
however , resulting or accomplished , shall be binding upon you
until fifteen ( 15) days after you have received (a) a recorded
instrument or instruments evidencing such transfer or change,
or certified copy thereof ; (b) a complete abstractor title
' nt.
KCF 11744:--
na3t a Al rtin
larlson Carlson Bra ner J on
-4-
s"r. )wing marketable title or legal right to receive payment in
the transferee or new payee; and (c) a properly executed
transfer order signed by all interested parties , transferor
and transferee . All transfers of interest and changes in
parties entitled to receive payment shall be made effective as c
of 7:00 A.M. of the last day cf the calendar month following the month in which notice thereof is received by you. -
6. The undersigned do hereby relieve you from any 0
responsbility for determining whether any of the interests set z
forth in Exhibit "B" shall revert to other parties or diminish
or increase as a result of the - repletion or discharge of
money or other payments withrespect Lc said interests, or for d -
any other reason whatsoever ; and each undersigned party whose
tl
interest is affected by any such change agrees to give you `_ q
notice in writing by registered mail , when any such change has
been accomplished or occurs, or when any such division of
interest other than as set forth in Exhibit "B" shall for any
such reason , become effective, and to furnish you satisfactory - `
evidence thereof , together with proper transfer orders signed
by all interested parties , transferor or transferee; and in -=
the event such notice is not received by you , you shall be a y.
held harmless and are hereby released from any and all causes -_
of action, damages or loss which may arise or result from any
over-payment or improper payment. o
rs
7. The undersigned hereby expressly ratify and confirm r
the oil , gas and mineral lease or leases , pursuant to which T '
E
oil and gas from the property is being produced and sold , ary m
amendments and supplements to such lease or leases including
any designations, declarations or agreements creating the unit
including the above described property, if such be the case.
8. This division order and agreement shall be valid and fl ';j
binding upon each every individual signing this instrument
when signed regardless of whether or not any one or more of
the remaining owners or parties hereto execute the same. The
provisions hereof shall inure to the benefit of and binding
upon the heirs , successors , legal representatives andassigns
of the parties hereto and shall inure to the benefit of your
successors and assigns .
IN WITNESS WHEREOF, this instrument executed
this day of , 1983 , in one or more
counterpart copies hereof , each of which shall constitute an
original hereof upon the execution by each party of such a
counterpart.
RCF Payne A X i„5 tin
Carlson Carlson rantner— n
-5-
KCF Oil , Inc .
by -
President Date
Attest
Secretary
m
Payne, Inc.
by z4
President Date z
st ;...
Attest
Secretary
�f 14�i
Alpine Energy, Inc .
z �
by
President Date - 'ti
Attest '~
Secetary ••
m
Board of County Commissioners
Weld County, ColoradoFr i4
f'
73 0
Chuck Carlson, Chairman Date 7 c
2," % )ii / l/i
Dite -•
John T. Martin, Pro-Tem N
/ u
i
rman Carlson Date L .
•
7/9 -
Gene Brantner Date
&/
�3ac ie Johnson Date
-6-
STATE OF COLORADO ) MtV
/ / ss .
COUNTY OF We/1 ) » w
Before me , the undersigned , a Notary Public in and for said _
county and state on *his day of /77 a ''
,�� ,1983 , 3 ,Pi
personally appeared.... . b)„ ," and ,,,4x/
iii,Q ,to me klfbwn Co be the identical personG.
desterihed in and who executed the within and foregoing .K
instrument of writing and acknowledged to me zr.i
that „, duly executed the same
as tau` free and voluntary act and deed for the uses
and purposes therein set forth . r.
IN WITNESS WHEREOF , I have hereunto set my hand , affixed my
notarial seal the day and year last above written. z —
ni
My commission expires 2-r 2€..ea / 9, /98.5` ^
72
dstm
Notary Public 2,
litt_t; c.,i
ad '. PoG92
T
T.
STATE OF COLORADO )
/ / ss . £ '�
COUNTY OF AZ t./O/ ) ;
Before me, the undersigned , a Notary Public in and for said
county and state on is day of /2 ,1983 , v
personally appeared r andiii•off., L' V "
�t ,to e known to be the identical person_
described in and who executed the within and foregoing
instrument of writing and acknowledged to me
that ,f� duy executed the same
as )7:-,%, ' /' free and voluntary act and deed for the uses
and purposes therein set forth .
IN WITNESS WHEREOF , I have hereunto set my hand , affixed my
notarial seal the day and year last above written .
My c9mmission� expires
772.4: 2,, 9 /tf�
-_-�G.�GffLr..C/ f 4t c"«" L:
Notary Public
111.4:2; 0.-w. P0630_
-7-
STATE OF COLORADO )
/ ) ss .
COUNTY OF lLAA�✓ )
Before me, the undersigned, a Notary Public in and for said - w
county and state on his 4-s. 1,.4.04.4401,.4.04.4406.,. day o1,.4.04.4406., ,1983, 0
personally appeared re (, p azaAj and #1/*
,to me Gknown to be the identical person 'u
described in and who executed the within and foregoing z. :
instrument, of writing and acknowledged to me r T
in
that �/Lci duly executed the same -
as W% free and voluntary act and deed for the uses r
and therein set forth . z
purposes z v
r
IN WITNESS WHEREOF, I have hereunto set my hand , affixed my ; w
notarial seal the day and year last above written. = '"
Oft on expires T'. ): -Iv
Klab ublic m w
MITCH Tr
Tr
tp o, ,
or
ii gyp'
9c OF CO— TrA
STATE OF COLORADO ) r.
ss . "
S
COUNTY OF )
Before me, the undersigned, a Notary Public in and for said z
county and state on this day of ,1983 , _
personally appeared and t.
,to me known to be the identical person_ t, _
described in and who executed the within and foregoing o =%
instrument of writing and acknowledged to me
that duly executed the same r"'``
as free and voluntary act and deed for the uses
and purposes therein set forth .
IN WITNESS WHEREOF, I have hereunto set my hand , affixed my
notarial seal the day and year last above written.
My commission expires
Notary Public
-8-
DI 01510A) ORD£e
keF 014 , .1/46
EXHIBIT A A;
zr
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z r�:
PROPERTY DESCRIPTION -n- rN
Township 6 North Range 66 West 6th P M
- LI
Section 26 rn
South West Quarter 160 Acres more or less z
Weld County, Colorado ,_ w
027
rs
C .V
c
RCF ne A in
Carlson Carlson Bra J s n
-8- - :CO
73
EXHIBIT A T ^,
Z 'v
z r :
yh Pi CO
PROPERTY DESCRIPTION -Pi
Township 6 North Range 66 West 6th P M Z
Section 26
South West Quarter 160 Acres more or less -
Weld County, Colorado
r:
73 0
E
m,
•
r \
iC
Payne Alpine Martin
Carlson Carlson Brantner Johnson
-9-
E X H I B I T B rn
govalty Ownership
wa
This ownership is on 157 .5743 Acres . a:
:,-
Payne, Inc .
2118 N. 47th Avenue -> �
Greeley, Colorado 80632 .20000 z
Payne, Inc .
2118 N. 47th Avenue
Greeley, Colorado 80632
Convertable Royalty to be paid to ^ m
Payne, Inc. as an Overriding Royalty
of 1% until $40 ,000 .00 has been paid u
to account of Payne, Inc. After the
considerations of $40 ,000 .00 is paid
the 1% Overriding Royalty will revert ?=
to the owners orassigns of the
Working Interest. .01000
e
77o
Overriding Royalty Interest z
Pi 0
Alpine Energy, Inc.
5408 East Vale Drive n
Denver, Colorado .02500
:v
y
Working Interest
KCF Oil , Inc .
2700 Youngfield , Suite 200
Denver, Colorado 80215 .76500
Total 1. 0000
KCF P ne A n `\k-tin
Carlson Carlson rantner C.414Lijon
-9- MtC
0c
- E X H I B I T B
Royalty Ownership
This ownership is on 157.5743 Acres. - �
z .
Z
Payne , Inc . — °
2118 N. 47th Avenue
T
Greeley, Colorado 80632 .20000
crt
Payne , Inc.
2118 N. 47th Avenue
Greeley, Colorado 80632 ;l
z _
Convertable Royalty to be paid to
Payne, Inc . as an Overriding Royalty
of 1% until $40 ,000 .00 has been paid
to account of Payne, Inc . After the
considerations of $40 ,000 .00 is paid
the 1% Overriding Royalty will revert
to the owners orassigns of the
Working Interest . .01000 E :
Overriding Royalty Interest
O --J
Alpine Energy , Inc. v
540`: East Vale Drive —
Denver, Colorado .02500
Working Interest
KCF Oil , Inc .
2700 Youngfield , Suite 200
Denver , Colorado 80215 .76500
Total 1.0000
/
Payne Alpine Martin
Carlson Carlson Brantner Johnson
-10-
RovaltvOwnershiD -
C:: 0.
This ownership is on 2 . 42561 AcresfA
a 73
Board of County Commissioners
Weld County Court House
Greeley, Colorado 80632 .12500
Z .v
Overrridina RovaltvInterest
T w:
Alpine Energy, Inc .
5408 East Vale Drive
Denver , Colorado .10000 --444
Working Interest
t,,
KCF Oil , Inc.
2700 Youngfield , Suite 200
Denver , Colorado 80215 .77500
Total 1.00000
Division of Interest
m
This is for the total 160 Acres .
govlty ownership E
no
Payne Inc .
2118 r. 47th Avenue
Greeley, Colorado 80632 .206816 o x
Board of County Commissioners
Weld County Court House
Greeley, Colorado 80632 .001895
Overriding Rovltv Interest
Alpine Energy, Inc .
5408 East Vale Drive
Denver , Colorado 80000 .026137
Working Interest
KCF Oil , Inc .
2700 Youngfield
Denver Colorado 80215 .765152
Total 1.000000
KCF yne in tdartin
Carsoo:a Carisuu mr tner Von sdn
-10-
kovaltvOwnership
This ownership is on 2.42561 Acres
b04 •M
Board of County Commissioners a z
Weld County Court House
Greeley, Colorado 80632 .12500 _
a =-
Overrriding RovaltvInterest z N
zry
11 m
Alpine Energy, Inc .
5408 East Vale Drive T
Denver , Colorado .10000 T,
c,
Ln
Working Interest M
KCF Oil , Inc . mi
2700 Youngfield, Suite 200 —
Denver, Colorado 80215 . 77500 _
Total 1.00000
Division of Interest
This is for the total 160 Acres.
Rovltv ownership s
Payne Inc. me
2118 N. 47th Avenue tv.
Greeley, Colorado 80632 . 206816
= c
Board of County Commissioners o
Weld County Court House
Greeley, Colorado 80632 .001895
Overriding Rovltv Interest
Alpine Energy, Inc .
5408 East Vale Drive
Denver, Colorado 80000 .026137
Working Interest
KCF Oil , Inc .
2700 Youngfield
Denver Colorado 80215 .765152
Total 1.000000
KCF Payne Alpine Martin
Carlson Carlson Brantner Johnson
-11-
Division of Interests
This is for the total 160 acres after payout
of $40 ,000 to Payne Inc. The 1% ORRI will
revert to the Working Interest.
y
$ovaltv Interest
aNO
Payne Inc. ;x n
2118 N. 47th Avenue
zr
Greeley, Colorado 80632 .196960 r
Board of County Commissioners r
Wald County Court House z ti
Greeley, Colorado 80632 .001895 04. e.j
.
Overriding Rovltv Interest c —
“
Llpine Energ , Inc .
5408 East Vale Drive
Denver , Colorado 80000 .026137
z �
Working Interest
KCF Oil , Inc . ^ EA
2700 Youngfieid —
Denver Colorado 80215 .775000
Total 1 .000000
.12
KCF Payne A e tin r; v
Carlson Carlson Bran ner n n
0.
-11- _ r`
Division of Interests _ "
v.: --cs
This is for the total 160 acres after payout a 7
of $40 ,000 to Payne Inc. The 1% ORRI will 7, ill
revert to the Working Interest.
govalty Interest Z
C.
Payne Inc . _ 5
2118 N. 47th Avenue T
Greeley, Colorado 80632 .196968
Board of County Commissioners mi ``
Weld County Court House Z -
Greeley, Colorado 80632 .001895 r, w
Overriding Rovltv Interest
Alpine Energy, Inc . cri
5408 East Vale Drive 2.
Denver, Colorado 80000 .026137 _
o
Working Interest —
KCF Oil , Inc. 2
2700 Youngfield m*
Denver Colorado 80215 .775000 z
Total 1.000000
KCF Payne Alpine Martin = a
Carlson Carlson Brantner Johnson
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