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HomeMy WebLinkAbout20260696 5038388 06/30/2025 11:28 AM • RECORDER'S MEMORANDUM Total Pages: 10 Rec Fee: $58.00 AT THE TIME OF RECORDING.THIS DEICE MENT Carly Koppes - Clerk and Recorder, Weld County , CO WAS FOUND TO BE ILLEGIBLE Wellbore Assignment THE STATE OF COLORADO § § KNOW ALL MEN BY THESE PRESENTS: • COUNTY OF WELD § THAT Noble Energy,Inc.whose address is 1099 18"'Street,Suite 1500,Denver,CO 80202("Assignor"), for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and confessed,does hereby GRANT, BARGAIN, SELL, TRANSFER,ASSIGN, AND CONVEY unto Bison IV Properties Colorado, LLC, whose address is 518 17"' Street, Suite 1800, Denver, CO 80202 (hereinafter referred to as `Assignee"), subject to the reservation of the Retained Interest(defined herein), an undivided 41.272571%of Assignor's right,title, interest,and estate in and to(i)the leases described on Exhibit A attached hereto and made a part hereof(whether one or more, the "Leases"), insofar and only insofar as said right,title,interest,and estate covers and includes the wellbore of the wells more specifically described on Exhibit B attached hereto and made a part hereof(the "Wells") and the rights to produce Hydrocarbons (as defined below) therefrom, (ii)oil,gas,gas condensate, casinghead gas,and other liquid and gaseous hydrocarbons produced from the Wells (collectively, "Hydrocarbons"), (iii) all equipment, machinery,fixtures and other tangible personal property and improvements located on and used or held for use in connection with the operation of,or production of Hydrocarbons from,the Wells and(iv)all surface leases,permits, rights-of-way,licenses,easements and other surface rights used or held in connection with the operation of, or production of Hydrocarbons from,the Wells. This Wellbore Assignment is effective as of June 18,2025 (the"E9ective Date"). The leasehold interest hereby assigned is hereinafter referred to as the"Assigned Interest"and is expressly made subject to the following conditions and covenants: 1. This Wellbore Assignment is made and accepted subject to,and Assignee hereby assumes, any and all Materials Contracts (as defined below) to which the Leases may be subject to the extent the same cover and affect the Assigned Interest. 2. As used in this Wellbore Assignment,"Material Contracts" means all contracts and agreements (including any amendments thereto) set forth on Exhibit C attached hereto and made a part hereof to the extent the foregoing cover, are attributable to or relate to any of the Wellbore Interests and which are binding on any of Assignor or its affiliates.Material Contracts shall also include: (i)to the extent transferable, all information in any recorded form, including electronic, that relates to Assignor's assignment of the Assigned Interest contemplated by this Assignment (the "Records"); and (ii) all approvals,consents,certificates and other authorizations,and other rights granted by any third parties,and all certificates of convenience or necessity, immunities,privileges,grants, and other such rights insofar as such rights directly relate to,or arise from,the Assigned Interest. 3. Assignee accepts the Assigned Interest subject to all of the express and implied covenants . and obligations of the Leases, insofar as they relate to the Assigned Interest. 4. Assignor hereby expressly excepts, reserves and retains unto itself an undivided • 58.727329%of Assignor's right,title, interest, and estate in and to the Leases, insofar and only insofar as said right, title, interest, and estate covers and includes the wellbores of the Wells and all of Assignor's right,title, interest,and estate in and to the Leases and the lands covered by the Leases insofar and only to the extent as such Leases are not included in the wellbore rights for the Wells included in the Assigned Interest. • COv•rN Iry\v..- C kO % - o 3/30 /a 6 2026-0696 L oay.o 5038388 06/30/2025 11:28 AM Page 2 of 10 5. This Wellbore Assignment is made by Assignor and accepted by Assignee without any warranty whatsoever and without warranty of title,either express or implied,and without recourse,except that Assignor warrants title as against all parties claiming an interest in the Leases by, through or under Assignor and its affiliated or related entities, but not otherwise. This Wellbore Assignment is made with full substitution and subrogation of Assignee in and to all covenants and warranties heretofore made or given by others. 6. This Wellbore Assignment is made in accordance with and is subject to all the terms, provisions, and conditions of that certain Agreement dated June _, 2025 between Assignor, Bison IV Operating, LLC and Assignee (the "Letter Agreement") and incorporated by this reference the same as though fully set out herein. However, this Wellbore Assignment is neither intended as, nor shall it be deemed to accomplish, a merger of the terms and provisions directly set out herein and the terms and provisions of the Letter Agreement. The terms and conditions set out in the Letter Agreement will prevail if there is any conflict between this Wellbore Assignment and the Letter Agreement, provided however, that third parties shall be entitled to rely on the terms of this Wellbore Assignment as vesting title of the Assigned Interests in Assignee. 7. The Assigned Interest does not include, and Assignor does not intend to assign and Assignee does not intend to receive,any interest in the following to the extent that such items do not directly relate to the operation of,or production of Hydrocarbons from the Wells: all lands, minerals, oil and gas leases and lands pooled therewith, units, working interests, executory interests, reversionary interests, net profits interests, net revenue interests,term interests,royalty and overriding royalty interests,fee interests, surface interests, and any other interests of a similar nature, all contracts, agreements, licenses, and servitudes, all easements, leases, surface use, and right-of-way agreements, all other property and equipment not directly used in connection with the operation or production of Hydrocarbons from the Wells and any and all rights not expressly herein conveyed as part of the Assigned Interest. 8. This Wellbore Assignment may be executed by Assignor and Assignee in any number of counterparts,each of which shall be deemed an original instrument,but all of which together shall constitute but one and the same instrument. 2 5038388 06/30/2025 11:28 AM - Page 3 of 10 TO HAVE AND TO HOLD the Assigned Interest unto Assignee and its successors and assigns, subject to all the express and implied covenants and obligations of the Leases and this Wellbore Assignment. EXECUTED this 26th day of June,2025,effective as of the Effective Date. ASSIGNOR: ASSIGNEE: NOBLE ENERGY, INC. BISON IV PROPERTIES COLORADO,LLC By: John attenmaker By: Its: Atto nev-in-Fact Its: 3 5038388 06/30/2025 11:28 AM Page 4 of 10 TO HAVE AND TO HOLD the Assigned Interest unto Assignee and its successors and assigns, subject to all the express and implied covenants and obligations of the Leases and this Wellbore Assignment. EXECUTED this day of June,2025,effective as of the Effective Date. ASSIGNOR,: ASSIGNEE: NOBLE ENERGY,INC. BISON IV PROPERTIES COLORADO, LLC By: By: Ito GEhf r ali-/#'J Its: Its: E.JP 3 5038388 06/30/2025 11:28 AM Page 5 of 10 ACKNOWLEDGEMENTS STATE OF COLORADO CITY AND COUNTY OF DENVER The foregoing instrument was acknowledged before me this day of June,2025, by 1 dV\uA K (yl_C 12-trs • r for Noble Energy, Inc.,a Delaware corporation,on behalf of the corporation. Commission No. 2-6 k 1 CI eq MY COMMISSION EXPIRES: I 2. / (1--6 2-77 Notary Pubh CHAUNCEY W. STAPLES (� Notary Public Printed Name: �J tt),.v41517-ir LL- State of Colorado Notary ID•20124078186 My Commission Expires 12.04.2027 STATE OF COLORADOss § COUNTY OF The foregoing instrument was acknowledged before me this day of June,2025, by ,as for Bison IV Properties Colorado,LLC,a Delaware limited liability company,on behalf of the company. Commission No. MY COMMISSION EXPIRES: Notary Public Printed Name: 4 5038388 06/30/2025 11:28 AM Page 6 of 10 ACKNOWLEDGEMENTS STATE OF COLORADO § CITY AND § COUNTY OF DENVER § The foregoing instrument was acknowledged before me this day of June,2025, by ,as for Noble Energy,Inc.,a Delaware corporation,on behalf of the corporation. Commission No. MY COMMISSION EXPIRES: Notary Public Printed Name: STATE § CHRISTOPHER I HUMBER OF COLORADO Notary Public State of Colorado COUNTY OF § Notary' •.!20124001021 My Commission Expires Od-08-2028 The fore oing instrument was acknowledged before me this ► t day of June,2025, by. N<PV'I .--Ic `cis- ,as E-v l� for Bison IV Properties Colorado.LLC.a Delaware limited liability company,on behalf of the company. Commission No. a L - 41.4p MY COMMISSION EXPIRES:[6. ( 11 Notary Public -t-'^"1. Printed Name: C h r:�-�p `�^r � 4 5038388 06/30/2025 11:28 AM Page 7 of 10 Exhibit A Attached to and made a part of that certain Wellbore Assignment effective June 18,2025,by and between Bison IV Properties Colorado,LLC and Noble Energy,Inc. The Leases are described as follows: Insofar,and only insofar, as these leases relate to the wellbores of the Wells described on Exhibit B. SEE ATTACHED • 5 5038388 06/30/2025 11:28 AM Page 8 of 10 'AMBIT A The Leases Agrceme•.t MCCOY! -1 Leta k.reclnentkirne Original leaser IIICe4/0alien COunIT State Township Rugs Section Number DM Description CCN't Kt M^Csf COK 1IY 1CiO4POCl' 24C'04f.3 WMId C.0 it,711 XCW ALL c�c-..w- -I dd ❑ 3a13oga3 , 34177N ANA):.I:.CI4.CCMw4NY1Pt7At. 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S:' GOb71II ANA3.511 aC L'44D CORP 14 TNCl!UN a ti`L;r'MI hl CW14/20:: 37'-9:7' ,'i I kJ CO 007I1 Xcl1V ...t Si CatPClt; mod. 14 TIICII UN DI V1 L OOM1 hi 604724 1.17APAYV151lIC'.W O ''1d/70:: 37',8F.S.4 ,'I:IJ CO 0C7N 76.:.V 34 SI. CCII4XIA7Oh 6 5038388 06/30/2025 11:28 AM Page 9 of 10 Exhibit B Attached to and made a part of that certain Wellbore Assignment effective June 18, 2025, by and between Bison IV Properties Colorado, LLC and Noble Energy,Inc. The Wells are described as follows: Well SHL BHL Est Lat Length Dorado 7-63 36-34.1 2299'FNL 2445'FWL Sec 36,T7N-R63W 350'FNL 50'FWL Sec 33,T7N-R63W 15,540' Dorado 7-6336-34-2 2310'FNL 2429'FWL Sec 36,T7N-R63W 1009'FNL 50'FWL Sec 33,T7N-R63W 15,540' Dorado 7-6336-34-3 2321'FNL 2413'FWL Sec 36,T7N-R63W 1420'FNL480'FEL Sec 33,T7N-R63W 10,830' Dorado 7-63 36-34-4 2333'FNL 2397'FWL Sec 36,T7N-R63W 1880'FN L480'FEL Sec 33,T7N-R63W 10,830' Dorado 7-63 36-34-5 2344'FNL 2380'FWL Sec 36,T7N-R63W 2321'FNL 50'FWL Sec 33,T7N-R63W 15,540' Dorado 7-6336-34-6 2355'FNL 2364'FWL Sec 36,T7N-R63W 2491'FSL480'FEL Sec 33,T7N-R63W 10,830' Dorado 7-63 36-34-7 2366'FNL 2348'FWL Sec 36,T7N-R63W 2031'FSL 480'FEL Sec 33,T7N-R63W 10,830' Dorado 7-63 36-34-8 2378'FNL 2332'FWL Sec 36,T7N-R63W 1635'FSL 50'FWL Sec 33,T7N-R63W 15,540' Dorado 7.6336.34-9 2389'FNL 2316'FWL Sec 36,T7N-R63W 1061'FSL 480'FEL Sec 33,T7N-R63W 10,830' Dorado 7-6336.34-10 2400'FNL 2299'FWL Sec 36,T7N-R63W 506'FSL 50'FWL Sec 33,T7N-R63W 15,540' 7 5038388 06/30/2025 11:28 AM Page 10 of 10 Exhibit C Attached to and made a part of that certain Wellbore Assignment effective June 18,2025,by and between Bison IV Properties Colorado,LLC and Noble Energy, Inc. The Material Contracts are described as follows: Agreement Agreement Original Grantee Agreement Type Effective County State Name Date 978034 NOBLE DCP OPERATING Gas Gathering, Processing 4/1/2020 Weld CO ENERGY, INC. COMPANY, LP and Purchase Agreement 8 Jessica Reid From: CTB-Oil and Gas Leasing Subject: FW: Pre-Closing Notice -Weld Co.OGL 3430483 (Sec.33 7N63W) Attachments: - Wellbore Assigment - Noble to Bison (Dorado) 5.20.25.pdf From: Bakker,Jake<Jake.Bakker@chevron.com> Sent:Wednesday, May 21, 2025 11:54 AM To:CTB-Oil and Gas Leasing<CTB-OilandGasLeasing@weld.gov> Subject: Pre-Closing Notice-Weld Co. OGL 3430483 (Sec. 33 7N63W) This Message Is From an External Sender This email was sent by someone outside Weld County Government. Do not click links or open attachments unless you recognize the sender and know the content is safe. Hi Jess, Noble Energy, Inc. (Chevron)and Bison IV Properties Colorado, LLC are planning to close the farmout transaction we previously discussed. Noble will assign various wellbore-only rights to Bison, including a portion of Noble's interest in Oil and Gas Lease recorded at Rec.3430483 in the records of Weld County, in which Weld County Commissioners is the Lessor,covering Section 33 7N63W. Pursuant to paragraph 9.c. (Assignments)of the lease,we are required to provide notification for partial assignment. Attached is the form of assignment we plan to execute and record. We are aiming to close late next week,and I'll follow up with a recorded version of the assignment. Please let me know if you need anything else in the meantime. Best Regards, Jake Bakker Land Representative, Land Business Development Chevron 140 Chevron U.S.A. Inc. fake.bakkerCa)_chevron.com Mobile: (303) 895-1375 From: CTB-Oil and Gas Leasing<CTB-OilandGasLeasing@weld.gov> Sent: Monday, February 3,2025 8:53 AM To: Bakker,Jake<Jake.Bakker@chevron.com>; CTB-Oil and Gas Leasing<CTB-OilandGasLeasing@weld.gov> Subject: [**EXTERNAL**] RE: Consent to Assign letter Be aware this external email contains an attachment and/or link. Ensure the email and contents are expected. If there are concerns, please submit suspicious messages to the Cyber Intelligence Center using the Report Phishing button. Sounds good,thanks! 1 L2,0�u{® Jess Reid Deputy Clerk to the Board Weld County 11500Street Greeley, CO 80631 tel: 970-400-4212 .40 ,,/. Confidentiality Notice:This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication.Any disclosure, copying,distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Bakker,Jake<Jake.Bakker@chevron.com> Sent: Monday, February 3, 2025 8:48 AM To:CTB-Oil and Gas Leasing<CTB-OilandGasLeasing@weld.gov> Subject: RE: Consent to Assign letter This Message Is From an External Sender This email was sent by someone outside Weld County Government. Do not click links or open attachments unless you recognize the sender and know the content is safe. Hi Jess, Absolutely. We'll send notice prior to finalizing the assignment along with a recorded copy post-close. Thanks again, Jake From:CTB-Oil and Gas Leasing<CTB-OilandGasLeasing@weld.gov> Sent:Thursday,January 30, 2025 1:58 PM To: Bakker,Jake<Jake.Bakker@chevron.com>; CTB-Oil and Gas Leasing<CTB-OilandGasLeasing@weld.gov> Subject: [**EXTERNAL**] RE: Consent to Assign letter Be aware this external email contains an attachment and/or link. Ensure the email and contents are expected. If there are concerns, please submit suspicious messages to the Cyber Intelligence Center using the Report Phishing button. Can you please do both? Jess Reid Deputy Clerk to the Board Weld County 1150 0 Street Greeley, CO 80631 2 tel: 970-400-4212 .8 'COUrY Confidentiality Notice:This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication.Any disclosure, copying,distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Bakker,Jake<Jake.Bakker@chevron.com> Sent:Thursday,January 30, 2025 11:20 AM To: CTB-Oil and Gas Leasing<CTB-OilandGasLeasing@weld.gov> Subject: RE: Consent to Assign letter This Message Is From an External Sender This email was sent by someone outside Weld County Government. Do not click links or open attachments unless you,recognize the sender and know the content is safe. Hi Jess, Thank you for your help with this. Should we send notice prior to assigning the interest or provide a recorded copy of the assignment? Thanks again, Jake From: CTB-Oil and Gas Leasing<CTB-OilandGasLeasing@weld.gov> Sent:Wednesday,January 29,2025 1:52 PM To: Bakker,Jake<Jake.Bakker@chevron.com>; CTB-Oil and Gas Leasing<CTB-OilandGasLeasing@weld.gov> Subject: [**EXTERNAL**] RE: Consent to Assign letter Be aware this external email contains an attachment and/or link. Ensure the email and contents are expected. If there are concerns, please submit suspicious messages to the Cyber Intelligence Center using the Report Phishing button. Jake, That is correct. If you are retaining the lease,a letter explaining your intent(assigning certain wellbore only rights to a third-party operator) is all that is needed. Please include the name of the party obtaining said wellbore rights,which well(s), and the percentage of rights, if applicable.Such letter can be mailed or emailed to me. Jess Reid Deputy Clerk to the Board Weld County 11500Street Greeley, CO 80631 fel: 970-400-4212 3 i ii � f i1J Z,.touy"Y-s Confidentiality Notice:This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication.Any disclosure, copying,distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Bakker,Jake<Jake.Bakker@chevron.com> Sent: Monday,January 27, 2025 11:41 AM To: CTB-Oil and Gas Leasing<CTB-OilandGasLeasing@weld.gov> Subject: RE: Consent to Assign letter This Message Is From an External Sender This email was sent by someone outside Weld County Government. Do not click links or open attachments unless you recognize the sender and know the content is safe. Hi Jess, Thanks for the note. This is helpful. In this case,Chevron (Noble Energy, Inc.)will be retaining the lease and assigning wellbore only rights to a third-party operator. The consent provision appears to allow assignment for"other rights"with notice rather than a full consent to assign if my interpretation is correct. Below is the Assignment provision which discusses consent and notice for "other rights". Could you please help me determine if a consent letter would be needed in this instance? 9. ASSIGNMENTS- A. Lessee, with prior written consent of Lessor, shall have the right to assign the entire leasehold interest of said Lessee In all or part of the land covered hereby, but not less, however, than contiguous tracts of approximately forty(40)acres or Governmental lot corresponding to a quarter- quarter section for any partial assignment,and for approval of such assignment Lessor shall make an assignment chargo In an amount to be determined by Lessor. Prior to written approval by Lessor of assignment of this lease,Lessee(assignor)shall not be relieved of Its obligations under the terms and conditions herein, An assignment shall not extend the term of this lease. 4 B. If any asstgnmen!of a mato of d id covered hereby shall be approved, a nth se shall be leaned to the assignee covering the assigned lend, containing the same terms and conditions as this lease, and limited as to team as;his tease Is limited, and the assignor shaft be released and discharged from all further obligations ana liabilities as to that portion so assigned. C. Lessee shall notify Lessor of all assignments of undivided percentage or other Interests. Said 'nterests MI not be recognized or approved by Lessor. and the effect of any such assignments wit! be strictly and only between the parties thereto,and outside the terms cf this lease: and no dispute between palies to any such assignment shall opere•e to ret,eve Lessee from performance of any terms or conditions hereof or to postpone the Lme tnerefor. Lessor shall at all times be entitled to look solely to Lessee or his assignee shown on its books es being the sole owner hereof, and for the sending of all notices required by this lease and for the performance of all terms and conditions hereof D. Although not binding on Lessor.ail Instruments of every kind and nature whatsoever affecting this lease should be tiled with the Lessor. Best regards, Jake Bakker Land Representative, Land Business Development Chevron Chevron U.S.A. Inc. jake.bakker(a�chevron.com Mobile: (303) 895-1375 From: CTB-Oil and Gas Leasing<CTB-OilandGasLeasing@weld.gov> Sent:Thursday,January 23, 2025 4:03 PM To: Bakker,Jake<jake.Bakker@chevron.com> Cc: CTB-Oil and Gas Leasing<CTB-OhndGasLeasing@weld.gov> Subject: [**EXTERNAL**] Consent to Assign letter Be aware this external email contains an attachment and/or link. Ensure the email and contents are expected. If there are concerns, please submit suspicious messages to the Cyber Intelligence Center using the Report Phishing button. Hi Jake, The Consent to Assign is a pretty easy process.We just need a letter expressing your intent to assign the lease. It should contain the legal description on the current lease, the current lessor's name,the name of who you are assigning to,the Reception No. of the current lease, and a place for the Chair of the Board of County Commissioners to sign. I have attached a few examples for you to reference.The cost to assign should be stated in your lease, but if not, provide me the Reception No. and I can determine the amount for you. It ranges between $25 and $100, depending when the lease was written. Please let me know if you have any additional questions. Jess Reid Deputy Clerk to the Board Weld County 1150 O Street Greeley, CO 80631 tel: 970-400-4212 5 116. 42..061 11) r • •u) Confidentiality Notice:This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication.Any disclosure, copying,distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. 6 Hello