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HomeMy WebLinkAbout871425.tiff RESOLUTION RE: APPROVE ASSIGNMENT OF LEASE FROM GARRETT RESOURCES CORPORATION TO BEACH OIL & GAS , INC . o N 4 W WHEREAS , the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home z Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and N Z WHEREAS, Garrett Resources Corporation has requested Z m permission to assign all right, title, and interest of an Oil and m a Gas Lease to Beach Oil & Gas , Inc . , 1625 Larimer Street, Suite Ca) 1107 , Denver, Colorado 80202 , said assignment concerns 2 .63 net mineral acres located in Section 30 , Township 1 North, Range 65 cn West of the 6th P.M. , Weld County, Colorado, and H.r WHEREAS, pursuant to Weld County' s Oil and Gas Lease, saidop assignment must be approved by the Board of County Commissioners , r and M' xN WHEREAS , after consideration, the Board deems it appropriate to approve the hereinabove mentioned assignment, subject to a total fee of $25 .00 . m 0 NOW, THEREFORE, BE IT RESOLVED by the Board of County d Commissioners of Weld County, Colorado, that the assignment of m said lease , from Garrett Resources Corporation to Beach Oil & Gas, M Inc . be , and hereby is , approved, subject to the submittal of the o $25 .00 fee. rb The above and foregoing Resolution was , on motion duly made 0 Ul and seconded, adopted by the following vote on the 9th day of November, A.D. , 1987 . o O Ui � BOARD OF COUNTY COMMISSIONERS ?.c ATTEST: cen ,(QUd , ) WELD COUNTY �LO DO Weld ounty' 7erk_And Recorder and Cte4k ;t.o the �Bztrd Gor ac , irman Y_ vrra, a %s „ ,U.J C.W irby, Pro- m eputly1Cpufrty lerk APPROVED AS TO FORM: Gene R. Bra tne r� • - sAA.14(1.p � )� J ixgu�, ne oh son O �/ County Attorney Frank Jlamagirichi 871425 84524 Mid-Continent Association W.Reassign. 601 Ad2212144 7°6 sTA — ss. ASSIGNMENT COUNTY of This instrument was filed for record on the OF OIL AND GAS LEASE day of KNOW ALL MEN BY THESE PRESENTS: o'clock __ M., and duly recorded in. book That the undersigned, GARREETT RESOURCES Page of the records of this office. CORPORriTIOrv, 1625 Larimer St . , Suite 1107 , Denver; Colorado 8020-2, • (hereinafter called Assignor), for and in consideration of One Dollar Register of Deeds. (51.00) the receipt whereof is hereby acknowledged, does hereby sell, when recorded Return to assign, transfer and set over unto BEACH OIL & GAS, INC . 1625 Larimer St . ,_ Suite 1107, Denver,, Colorado 80202 (hereinafter called Assignee), _all of its right , title and interest in and to the oil and gas lease dated February 9 I9____, from Weld County, by and through its Board of County Commissioners of the County of Weld , State of Colorado t0 ..... -Garrett Resources Corp . , a Colorado corporation recaid_d'in 6bnk 1146 Rec .#02088154 page , insofar as sale. lease covers the following ue :and in It III :4LeId County, State of _Colorado- o J Ul Township 1 North, Range 65 nest_of the 6th P .M. 7y an section 30: A 2 .63 acre parcel of land described as follows : Beginning at a point 475' N and 30 ' W of the quarter eerisrncommon to Section 29 and Section 30; Thence Westo 288 .50 ' ; Thence North, z 33°00 minutes West, 167 ' ; Thence North 38 50 minutes East, 605 ' ; Thence South, 611 .50 to the point of beginning, containing 2 .63 acres , more or less . ra am til Hr z � n CO r � t=i O z (.4 t�J of Section 30_ , Township _la._ Range_..6_ n with the rights incident thereto and the5W , and containing tenth __to, or used acres more or !eretherewith. together p personal property thereon, appurtenant thereto, or used in connectior, t'.:crev:i:h. %n And for the same consideration the Assignor covenants with the Assignee, its or his heirs, successors or assigns; That the Assignor is the lawful owner of and has good title to the interest above assigned in and to said lease, estate, rights and property, • free and clear from all liens. encumbrances or adverse claims; That said lease is a valid and subsisting lease on the land £ O paid and all conditions necessary above described, and all rentals and royalties due thereunder have been h O to keep the same r in full force have been duly performed; and that the Assignor surrenders and releases all rights of dower aria noire:dead in CJ the premises above described. Reserving however, unto the Assignors herein an overriding royalty of 8% of 8/8ths no of all the oil, gas and other hydrocarbons produced, saved and marketed from the above described lanes This overriding t ;a-:i_tv O tji and all other terms and conditions of this assignment shall apply to any and all extension, renewal and substitute leases by Assignee, its successors or assigns on the land described herein. It said oil and gas lease covers less than the fa l f. c _ rst.,te in the oil, gas and other hydrocarbons under any tract or tracts o; the land assigned hereby, the overriding royalty Let-n e reserved by Assignors, with respect to that tract or tracts, shall be proportionately reduced. In the event Assignee desires to surrender said lease as to all or any part of the acreage covered thereby, said Assignee agrees to notify Assignor by registered mail, at least 90 days in advance of the anniversary date s i .rified in said lease, and Assignor hereunder shall then have 60 days after receipt of such notice .ntnn which to elect to take a reassignment of said lease as to the portion thereof to be relinquished. Should assignor hereunder '1ect to receive such a reassignment, same will be delivered by Assignee prior to the anniversary date of the lease. It is under- -tnnd, however, that there shall he no penalty for oversight or clerical error, except liability not to exceed the anuunt that was pad for :his assignment. EXECUTED, This 22nd day of October g without warranties of any kind. GARR T R 'S RCES CORPORATIC j];� /� (Seal) BY. (Seal) ter D. Garre t, President eat I3 2� S :ilea l.i, I S v1 1 1 ttlth:St,S 1 22,(202)89:M581 • STATE OF Oklahoma, Kansas, New Mexico, Wyoming, Montana, Colorado. Utah, as. Nebraska. North Dakota, South Dakota COUNTY OF ACKNOWLEDGMENT—INDIVIDUAL BEFORE ME, the undersigned, a Notary Public, in and for said County and State, on this ti7 bd day of 19 personally appeared O i--• O Na N -I CS) -I X .ro ,'Jy Inn pin k and O • N , to me known to be the identical person described in and who executed z I...' Z N the v.-.thin and foregoing instrument of writing and acknowledged to tne that duly executed the same as _ _ free I--, and voluntary act and deed for the uses and purposes therein set forth. 0 ,p CCA IN WITNESS WHEREOF. I have hereunto set my hand and affixed my notarial seal the day and year last above written. CI My Gimrnisston Expire- • - Cl) 1—, Notary Public.• tt 7. --I n co STATE OF 1 Oklahoma, Kansas, New Mexico, Wyoming, Montana, Colorado, Utah, r J J}ss. Nebraska, North Dakota, South Dakota tt COUNTY OF ACKNOWLEDGMENT—INDIVIDUAL x N BEFORE ME, the undersigned, a Notary Public, in and for said County and State, on this a O d.-,y of 19 TEE W CI h7 and C LTJ+r. , to me known to be the identical person described in and who executed qy O the within and foregoing instrument of writing and acknowledged to me that duly executed the same as fret E O and voluntary act and deed for the uses and purposes therein set forth. N O 0 IN WITNESS WHEREOF. I have hereunto set my hand and affixed my notarial seal the day and year last above written. n Q N My Commission Expires - o Notary Public. O O u Stare of Colorado } ACKNOWLEDGMENT (For use by Corporation) 55. County of .. .Denver n(.{ On this .. _..__22— day of October A. D. 19...8. ._: before me personally appeared Lester U. Garrett to me personally known, who. being by me duly sworn, did say that he is the President of Garret.t._Rea.Qurces Corporation - ._ - and that the seal affixed to said instrument is the corporate seal of said corpora- tion and that said instrument was signed and sealed in behalf of said corporation by authority of its Board of Directors, and said Lester D. Garrett acknowledged said instrument to be the free act and deed of said corporation. onttlltitttrrro ' ;i,4� G,0'Rd/�s ' ey hand and seal this ZZ_RC'I. day of � j �e'� �� '��` A. D. IS 3 7 ```` ... ..,�%s l�-/itL/,Y.ILC'L� �v2-i?dR''7.L� _ .°�Q4'rla r • ♦a. 4 u' Notary Public. IP is C ppri t—% .43 :4.. fires -317• ......... a',,.E OF to"" O°• "rrrlpp tllltq' .. il m .9 I 7.5u , > o, - U 0 I rT v T a s T 1t3 o 'I! 0 V p ei ti T O z r r V 4 2 7 d 9 3 O I III 0 u. F' -o n L. 00 0 Z 0 o t, es 2 I • 'I F l c ti I $ 4 E r o z P. T o z f-, -0 . > to 8°71425 ASSIGNMENT OF OVERRIDING ROYALTY INTEREST o o H KNOW ALL MEN BY THESE PRESENTS, That Garrett Resources N J Corporation , a Colorado corporation, of Denver, Colorado, hereinafter called "Assignor" , for and in consideration of the sum of ten and no/100 ' s Dollars ($10 . 00 ) cash in hand paid and xitn'� other good and valuable considerations, the receipt of which is '< o hereby acknowledged, does hereby grant , bargain, sell , convey, z transfer , assign and deliver unto Tom Cooper Company, of Fort Z N Morgan, Colorado, hereinafter called "Assignee" , an undivided 4% of 8/8ths of all oil and , or gas produced, saved and sold from c rn said lands covered by the oil and gas leasehold estate described [� below, delivered unto the pipe line with which Assignor maycn connect the wells , free of cost to the said Assignee. '-3 'J H H It is the intention of this instrument to assign an z interest , commonly known as an overriding royalty, equivalent to r . 0152 royalty acres , out of lessee ' s portion of the oil and, or tTj gas which may be produced from the leased premises described F. below, the fractional interest assigned entitling the Assignee to ;? receive 4% of 8/8ths of the gross oil and . or gas which may be o produced from said lands , free and clear of all cost's `4t,.. t W drilling, completing, equipping and operation of all oil and, or 0 gas wells that may be drilled under the present leasehold estate, containing a total of 2. 63 acres more or less, owned by Assignor and all located in Township 1 North , Range 65 West of the 6th 7yo P.M. , Weld County, Colorado, to-wit: h7 o C Township 1 North , Range 65 West of the 5th P.M. t7 n Section 30 : A 2. 63 Acre parcel of land described 0 as follows: Beginning at a point 475 ' N and 30 ' W of o the quarter corner common to Section 29 and Section 30 ; o thence West, 288. 50 ' ; thence North, 33 degrees 50 minutes East , 605 ' ; thence South, 611 . 50 ' to the point of Beginning, containing 2. 53 acres , more or less. Assignor , for itself , its successors and assigns , does covenant with the said Assignee , its successors and assigns , that it is the lawful owner of the said leases and rights and interests thereunder , insofar as conveyed by this instrument , that Assignor has good right and authority to sell and convey the same, and that said rights , interests and properties are free and clear of all liens and encumbrances affecting said rights , and that all rentals due and payable thereunder ,,A,aye been duly paid. Executed this 22nd day of Oct¢,b, 'gtg1b •7,,• GARRETT QCQ d RPORATION R yt BY: l(St L z r President ,,timemon 7so6 311425 � m o r • H CORPORATE ACKNOWLEDGEMENT N OO J State of Colorado ) City and County of Denver ) ss. [ zn On this day of October, 1987 , before me personally appeared Lested D. Garrett, to me personally known . z who, being by me duly sworn, did say that he is the President of z Garrett Resources Corporation and that the seal affixed to said ▪ p instrument is the corporate seal of said corporation and that 0 rn said instrument was signed and sealed in behalf of said corporation by authority of its Board of Directors , and said H ~ Lester D. Garrett acknowledged said instrument to be the free act and deed of said corporation . z tOAWn co , Witness my hand and seal this Q1 day of October , 141 z rt. �.LSea1`) ,1, . J< Am1 ca4) m . �G o S Nota y Public �y v�t1J Fitly y C ission expires (iT 1? i?q• tt]t- ry� o Eo tao n o a 0 O U1 871425 t[) • ,\F1/412 OCT 2 8198? ," , LJ QfiRREW EELCR LO SOURCES CORPORATION October 23 , 1987 BOARD OF COUNTY COMMISSIONERS Weld County Centennial Center 915 10th Street Greeley, Colorado 80631 Re: REQUEST FOR APPROVAL OF ASSIGNMENT Dear sir or madam: This is to formally request permission to assign the oil and gas lease and an overriding royalty therein of the lease recorded at Book 1146 , reception number 02088154 . The operator of the well for which you are receiving payment will not change and no interruption of your runs will take place. If you agree to the assignments proposed by the copies included here , please signify your approval by signing this letter at the place desiginated and returning it to the letterhead address. Thank you for your prompt attention to this matter . Sincerely, Garr tC/Itt R o rCorporation er . Garrett , President LDG/gm Enc. NOVEMBER Approved and accepted this 9th day of DMA , 1987 BOARD OF COUNTY COMMISSIONERS WELD COUNTY , COLORADO B : Go ac^, c�Lirman ATTEST: j2:t,c AAtte J Weld County C erk and Recorder and Clerk to the Board 1552 Pennsylvania \, Denver,Colorado 80203 • Bus.(303)894-9908 8`,b2-(p(O 5Deputy County C rk Res.(303)696-8424 811425 Hello