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Weld County Large-Tract Oil and Gas Lease Rec �, /
Containing the following acres, more or less: 5.31 ��/
Containing the following net mineral acres, more or less: 5.31
This lease agreement is dated: April 8, 2026
This lease agreement expires at twelve o'clock noon on: April 8, 2029
Made and entered into by and between Weld County, Colorado, a political
subdivision of the State of Colorado, acting by and through the Board of County
Commissioners of the County of Weld, for its respective interests, c/o Board of County
Commissioners, 1150 0 Street, P.O. Box 758, Greeley, Colorado 80632, hereinafter
called Lessor, and the following, hereinafter called Lessee:
Whereas, said Lessee has applied to Lessor for an oil and gas lease covering the
land herein described, and has paid all required fees as described below, as an additional
consideration for the granting of this lease:
Filing fee in the amount of: $10.00
Bonus consideration totaling:
Bonus consideration calculated at (per mineral acre):
Lessee agrees to pay the following annual rental, calculated at the rate of $2.50
per mineral acre:
Annual rental fee: $13.28
Whereas, all the requirements relative to said application have been duly complied
with and said application has been approved and allowed by Lessor;
Therefore, in consideration of the agreements herein, on the part of Lessee to be
paid, kept and performed, Lessor does lease exclusively to Lessee for the sole and only
purpose of drilling for, development of and production of oil and gas, or either of them,
thereon and therefrom with the right to own all oil and gas so produced and saved
therefrom and not reserved as royalty by Lessor under the terms of this lease, together
with rights-of-way, easements and servitudes for pipelines, telephone and telegraph lines,
tanks and fixtures for producing and caring for such product, and housing and boarding
employees, and any and all rights and privileges necessary for the exploration and
operation of said land for oil and gas, the following described land situated in the County
of Weld, State of Colorado, and more particularly described as follows:
Section: 8
Township: 7N
Range: 64W
2026-0778
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Description of Land (attach exhibit if additional space is required):
A parcel of land in the NW1/4 of Section 8, Township 7 North, Range 64 West, of
the 6th P.M., Weld County, Colorado, more particularly described in the Deed
recorded under Reception No. 839638 of the Weld County Clerk and Recorder
To have and to hold said land, and all the rights and privileges granted hereunder,
so long thereafter as oil and gas, or either of them, is produced in paying quantities from
said land or Lessee is diligently engaged in bona fide drilling or reworking operations on
said land, subject to the terms and conditions herein. Drilling or reworking operations
shall be deemed to be diligently performed if there is no delay or cessation thereof for a
greater period than sixty (60) consecutive days, unless an extension in writing is granted
by Lessor; provided that such drilling or reworking operations are commenced during said
primary term or any extension thereof, or while this lease is in force by reason of
production of oil and gas or either of them, or that such reworking is commenced within
(60) sixty days upon cessation of production for the purpose of re-establishing the same,
and provided further that such production is commenced during such primary term or any
extension thereof, or while this lease is in force by reason of such drilling or reworking
operations or other production.
Exploration: Lessor reserves the right to conduct exploration on the leased land
provided such exploration does not interfere with rights granted herein.
In consideration of the premises, the parties covenant and agree as follows:
1. Rental: If this lease is extended for an additional term as provided for in the
Extension paragraph hereof, Lessee shall pay to Lessor the sum of Two and
50/100 Dollars ($2.50) per acre for the land covered hereby as delayed rental for
the term of the extension. Rentals set at the time of established production shall
be paid during the remaining life of this lease, annually, in advance, on or before
each anniversary date hereof. There shall be no refund of unused rental.
2. Royalty Provisions:
a. Lessee Responsible for All Costs/Expenses: Lessee shall account for any
and all substances produced on the leased land and shall pay to Lessor as
royalty, in addition to the rentals provided, the royalties described in
paragraphs B through E below, which shall be free of all costs of any kind.
In this regard, Lessee agrees to bear one hundred percent (100%) of all
costs and expenses incurred in rendering hydrocarbons produced on or
Page 2 of 15
Weld County Large-Tract Oil and Gas Lease
Revised March 3, 2026
WI WI 0 ' ,
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WCR 84 Section 8 T7N R64W
ir _ NW1/4
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Acres: 5.31 acres
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Disclaimer
This product has been developed solely for mtemal use onto by VvRId county.
me GIS database,eppiwnons.and data n the proeuc[Is subject to constant change and the actor.
antl completeness cannot be antl is not guaranteed The tles goal on of lots or parcels or land uses
the database does not mply that the lotS or parcels were IegalN seated or that ins land uses
comply with applicable State or Local law.UNDER NO CIRCUMSTANCE SHALL ANY PART THE
PRODUCT BE USED FOR FINAL DESIGN PURPOSES,YIELD COUNTY MAKES NO WARRANTI
OR GUARANTEES,EITHER EXPRESSED OR IMPLIED AS TO THE COMPLETENESS,ACCURAI
OR CORRECTNESS OF SUCH PRODUCT.NOR ACCEPTS ANY LIABILITY ARISING FROM ANY
,3 avi.. .b. INCORRECT INCOMPLETE OR MISLEADING INFORMATION CONTAINED THEREIN.
Jessica Reid
From: CTB-Oil and Gas Leasing
Subject: Weld Co leasing
From:Shane Garza<shane@pocoresearch.com>
Sent: Monday, February 23, 2026 1:55 PM
To:CTB-Oil and Gas Leasing<CTB-OilandGasLeasing@weld.gov>
Cc: Brett Cavanagh<bcavanagh@weld.gov>; Elisa Kunkel <ekunkel@weld.gov>; Esther Gesick<egesick@weld.gov>; Kelly
Holliday<kholliday@weld.gov>; Rebecca Sears<rsears@weld.gov>; Gregg Pazer<gpazer@chevron.com>
Subject: Re: Weld Co leasing
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,
After confirming with CVX, it appears they no longer use the Denver address for communications. The
current address for Noble Energy Inc. is 1500 Smith St., Houston,TX 77002. Thanks!
Best,
Shane J. Garza
Consulting Landman
607 Berwick Street
Victoria TX 77904
817-550-3756
shane @ pocoresearch.com
Confidentiality Notice:This electronic message and any attachment may contain confidential and privileged information belonging to the sender or intended
recipient.This information is intended only for the use of the persons or entities named therein.If you are not the intended recipient or the agent or employee
responsible to deliver this message to the intended recipient,you are hereby notified that any disclosure,copying,use,distribution,or taking of any action in
reliance on the contents of this information is strictly prohibited.If you have received this transmission in error,please immediately advise the sender by reply email
and delete this message from your system.Thank you for your cooperation.
On Thu, Feb 19, 2026 at 11:23 AM CTB-Oil and Gas Leasing<CTB-OitandGasLeasing@weld.gov>wrote:
Thanks so much!
COUNTY,CO
Jess Reid
Deputy Clerk to the Board
Desk: 970-400-4212
P.O. Box 758, 1150 0 St., Greeley, CO 80632
i
Ox000
Join Our Team
IMPORTANT: 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:Shane Garza <shane@pocoresearch.com>
Sent:Thursday, February 19, 2026 10:23 AM
To: CTB-Oil and Gas Leasing<CTB-OilandGasLeasing@weld.gov>
Cc: Brett Cavanagh <bcavanagh@weld.gov>; Elisa Kunkel <ekunkel@weld.gov>; Esther Gesick<egesick@weld.gov>; Kelly
Holliday<kholliday@weld.gov>; Rebecca Sears<rsears@weld.gov>; Gregg Pazer<gpazer@chevron.com>; CTB-Oil and Gas
Leasing<CTB-OilandGasLeasing@weld.gov>
Subject: Re: Weld Co leasing
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.
Sure thing, Jess.
1099 18th Street, Suite 1500
Denver CO 80202
Best
Shane Garza
Consulting Landman
Sent from iPhone
On Feb 19, 2026, at 11:11 AM, CTB-Oil and Gas Leasing<CTB-OilandGasLeasing@weld.gov>
wrote:
Thanks Shane! Can you confirm their address please?
<image001.png>
Jess Reid
2
Deputy Clerk to the Board
Desk: 970-400-4212
P.O. Box 758, 1150 O St., Greeley, CO 80632
<image002.png>
<image003.png>
IMPORTANT: 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: Shane Garza <shane@pocoresearch.com>
Sent:Thursday, February 19, 2026 9:52 AM
To: CTB-Oil and Gas Leasing <CTB-OilandGasLeasing@weld.gov>
Cc: Brett Cavanagh <bcavanagh@weld.gov>; Elisa Kunkel <ekunkel@weld.gov>; Esther Gesick
<egesick@weld.gov>; Kelly Holliday<kholliday@weld.gov>; Rebecca Sears<rsears@weld.gov>; Gregg
Pazer<gpazer@chevron.com>; CTB-Oil and Gas Leasing<CTB-OilandGasLeasing@weld.gov>
Subject: Re: Weld Co leasing
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 1
sender and know the content is safe.
Hello Jess,
Please list the nominee for internal communications as Noble Energy, Inc. Thank you for
confirming.
Best
Shane Garza
Consulting Landman
Sent from iPhone
On Feb 18, 2026, at 3:19 PM, CTB-Oil and Gas Leasing<CTB-
OilandGasLeasing@weld.gov>wrote:
3
Hey Shane,
We have this scheduled for 4-1-26 at 9am. Bid instructions will be posted at
https://www.wild.govL overnment/De.p.�rtments/Purchasing//Oil-Gas-Leases-Bids
within the next couple of weeks.
As far as the nominee for our internal communications, do you want me to list
Chevron or you?
* Please be aware Weld County's Oil and Gas lease-related items will soon be
managed by our Oil and Gas Energy Department(not Clerk to the Board). Please
be patient as we navigate this transition. *
<image001.png>
Jess Reid
Deputy Clerk to the Board
Desk: 970-400-4212
P.O. Box 758, 1150 0 St., Greeley, CO 80632
<image002.png>
<image003.png>
IMPORTANT: 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: CTB-Oil and Gas Leasing<CTB-OilandGasLeasing@weld.gov>
Sent: Tuesday, February 10, 2026 3:31 PM
To: Shane Garza <shane@pocoresearch.com>; CTB-Oil and Gas Leasing<CTB-
OilandGasLeasing@weld.gov>
Cc: Brett Cavanagh <bcavanagh@weld.gov>; Elisa Kunkel <ekunkel@weld.gov>; Esther
Gesick<egesick@weld.gov>; Kelly Holliday<kholliday@weld.gov>; Rebecca Sears
<rsears@weld.gov>; Gregg Pazer<gpazer@chevron.com>
Subject: RE: Weld Co leasing
Shane,
Sounds good!We will get the process started and let you know when it is scheduled
for,which will be 5-6 weeks from now.
<image001.png>
4
Jess Reid
Deputy Clerk to the Board
Desk: 970-400-4212
P.O. Box 758, 1150 O St., Greeley, CO 80632
<image002.png>
<image003.png>
IMPORTANT: 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: Shane Garza <shane@pocoresearch.com>
Sent:Tuesday, February 10, 2026 2:12 PM
To: CTB-oil and Gas Leasing<CTB-OilandGasLeasing@weld.gov>
Cc: Brett Cavanagh<bcavanagh@weld.gov>; Elisa Kunkel <ekunkel@weld.gov>; Esther
Gesick<egesick@weld.gov>; Kelly Holliday<kholliday@weld.gov>; Rebecca Sears
<rsears@weld.gov>; Gregg Pazer<gpazer@chevron.com>
Subject: Re: Weld Co leasing
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 re
sender and know the content is safe.
Hello,
Yes, please nominate the subject tract for auction.
Shane J. Garza
Consulting Land Representative
PDC Energy, Inc./Chevron
607 Berwick Street
Victoria TX 77904
817-550-3756
5
shane @ pocoresearch.com
Confidentiality Notice:This electronic message and any attachment may contain confidential and privileged
information belonging to the sender or intended recipient.This information is intended only for the use of the persons or
entities named therein.If you are not the intended recipient or the agent or employee responsible to deliver this message
to the intended recipient,you are hereby notified that any disclosure,copying,use,distribution,or taking of any action
in reliance on the contents of this information is strictly prohibited.If you have received this transmission in error,
please immediately advise the sender by reply email and delete this message from your system.Thank you for your
cooperation.
On Tue, Feb 10, 2026 at 2:49 PM CTB-Oil and Gas Leasing<CTB
OlandGasLeasing@weld.gov>wrote:
Shane,
To confirm,you are nominating this tract and would like us to start the process of
getting a Board meeting set for bid/auction?
<image001.png>
Jess Reid
Deputy Clerk to the Board
Desk: 970-400-4212
P.O. Box 758, 1150 0 St., Greeley, CO 80632
<image002.png>
<image003.png>
IMPORTANT: 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:Shane Garza <shane@pocoresearch.com>
Sent: Monday, February 9, 2026 2:19 PM
To:Jessica Reid <jreid@weld.gov>
Cc:CTB-Oil and Gas Leasing<CTB-OilandGasLeasing@weld.gov>; Brett Cavanagh
<bcavanagh@weld.gov>; Elisa Kunkel<ekunkel@weld.gov>; Esther Gesick
<egesick@weld.gov>; Kelly Holliday<kholliday@weld.gov>; Rebecca Sears
<rsears@weld.gov>
Subject: Re: Weld Co leasing
This Message Is From an Untrusted Sender
6
You have not previously corresponded with this sender. Use extra caution and avoid replying with sensitive information,
or downloading attachments until their identify is verified.
Thank you for the confirmation.
Yes, Parcel 14 would be the subject tract.
Best,
Shane Garza
Consulting Landman
Sent from iPhone
On Feb 9, 2026, at 2:58 PM, Jessica Reid <jreid@weld.gov>
wrote:
Hi Shane,
Yes, 5.31 acres will require you to nominate it and it will go through
the large tract bid/auction process.Just to confirm,you're referring to
Parcel 14 in the NW1/4 of Sec 8,T7N, R64W?
* Please be aware Weld County's Oil and Gas lease-related items
will soon be managed by our Oil and Gas Energy Department(not
Clerk to the Board). Please be patient as we navigate this
transition. *
<image001.png>
Jess Reid
Deputy Clerk to the Board
Desk: 970-400-4212
P n Rox 758, 1150 O St., Greeley, CO 80632
<image002.png>
<image003.png>
IMPORTANT: 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:Shane Garza <shane@pocoresearch.com>
Sent: Monday, February 9, 2026 1:48 PM
To: CTB-Oil and Gas Leasing<CTB-OilandGasLeasing@weld.gov>
Cc:Jessica Reid <Ireid@weld.gov>
Subject: Fwd: Weld Co leasing
This Message Is From an Untrusted Sender
You have not previously corresponded with this sender. Use extra caution and avoid replying with sensitive infc
or downloading attachments until their identify is verified.
Hello,
We received a request from Chevron to pursue an unleased
mineral interest owned by the county. Please see Greg's email
below and attached fora copy of the order vesting the county
with the subject interest. Just one question, since this tract is
5.31 acres,will it require the Large Tract leasing form?
Best regards,
Shane J. Garza
Consulting Landman
607 Berwick Street
Victoria TX 77904
817-550-3756
shane@pocoresearch.com
Confidentiality Notice:This electronic message and any attachment may contain confidential
and privileged information belonging to the sender or intended recipient.This information is
intended only for the use of the persons or entities named therein.If you are not the intended
recipient or the agent or employee responsible to deliver this message to the intended recipient,
you are hereby notified that any disclosure,copying,use,distribution,or taking of any action in
reliance on the contents of this information is strictly prohibited.If you have received this
transmission in error,please immediately advise the sender by reply email and delete this
message from your system.Thank you for your cooperation.
Forwarded message
From: Pazer, Gregg<gpazer@chevron.com>
Date: Mon, Feb 9, 2026 at 1:52 PM
Subject:Weld Co leasing
To: Guest Shane Garza [Poco] <shane@pocoresearch_.com>
8
Hi Shane,
Are you available to help us secure a lease from the Board of County
Commissioners of Weld Co.?The tract in question is located in the
NW4 of Section 8,T7N, R64W consisting of 5.31 acres(as described
in the attached Order).The tract originated as a condemnation by the
County for highway purposes in 1940. 1 understand that Weld Co.
requires a nomination/auction process—do you have any experience
about how long that typically takes?
Thanks,
Gregg
Gregg Pazer
Rockies AD Land Representative
gpazer(c�chevron.com
Shale&Tight Business
Chevron U.S.A. Inc.
1500 Smith St.
Houston, TX 77002
Tel 713 372 9915
9
Hello