HomeMy WebLinkAbout860967.tiff RESOLUTION
RE: APPROVE OIL AND GAS DIVISION ORDER FROM VESSELS OIL AND GAS
COMPANY, 600 SOUTH CHERRY STREET, #1220 , DENVER, COLORADO
80222 , AND AUTHORIZE CHAIRMAN TO SIGN
WHEREAS, the Board of County Commissioners of Weld County,
Colorado, pursuant to Colorado statute and the Weld County Home
Rule Charter, is vested with the authority of administering the
affairs of Weld County, Colorado, and
WHEREAS, Weld County, Colorado, is the holder of a certain
lease with Vessels Oil and Gas Company, and
WHEREAS, said lease covers land more particularly described
as follows:
Township 1 North , Range 68 West, 6th P.M.
Section 18 : West Half (W/2)
Weld County, Colorado
WHEREAS, Vessels Oil and Gas Company has submitted an Oil and
Gas Division Order on the subject property, 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, a copy of which is
attached hereto and incorporated herein by reference, and
WHEREAS , said Division Order has been reviewed by the Weld
County Attorney, Thomas O. David, and found to be in order, and
WHEREAS, the Board deems it advisable to approve said
Division Order on the parcel of land described herein.
NOW, THEREFORE, BE IT RESOLVED by the Board of County
Commissioners of Weld County, Colorado, that the Oil and Gas
Division Order as submitted by Vessels Oil and Gas Company, 600
South Cherry Street, #1220 , Denver, Colorado 80222 on the
hereinabove described parcel of land be , and hereby is , approved.
BE IT FURTHER RESOLVED by the Board that the Chairman be, and
hereby is , authorized to sign said Division Order.
860967
Page 2
RE: DIVISION ORDER - VESSELS
The above and foregoing Resolution was, on motion duly made
and seconded , adopted by the following vote on the 6th day of
October, A.D. , 1986.
,//._ BOARD OF COUNTY COMMISSIONERS
ATTEST: Q.(.cd/tztezyv WELD COUNTY, CO O•ADO
Weld County erk and Recorder
and Clerk to the Board Ja..,ue1'*, Jo� o , hairman
t'Yl�rx uz� G. .?`•r. acy, "'T Tem
De uty County Cl6. rk
APPROVED AS TO FORM: ene R. Brantner
C.W. Kirby
County Attorney EXCUSED DATE OF SIGNING - AYE
Frank Yamaguchi
860967
4R2072245 DIVISIO N ORDER
To: Vessels Oil & Gas Company Lease: SOSA "A" UNIT #1
600 So. Cherry St. , #1220 No. : 84001
Denver, CO 80222 Date : September 2, 1986
THE UNDERSIGNED, certifies and guarantees that they are the legal
owner(s) of and hereby warrant the title to the interest as set out
below of all oil, gas, and associated hydrocarbons, including, without
limitation, condensate and casinghead gas, produced from the following
farm or lease, limited to production from the producing horizon commonly
referred to as the "J" Sand formation underlying the following described
0 00 land located in the County of Weld, State of Colorado, to—wit:
0
~ U Township 1 North, Range 68 West, 6th P.M.
Q Section 18: West—Half (W/2)
a
00 IW and commencing at 7 a.m. on the first day of
• further written notice either from production,areion, and until
0 [x you or us, you are authorized to
to WW receive oil, gas, and associated hydrocarbons, including, without
a limitation, condensate and casinghead gas, produced therefrom, purchase
Usuch production and pay for it as follows:
W
m a CREDIT TO LANDOWNER ROYALTY INTEREST POST OFFICE ADDRESS
O44
in
rIg Weld County Colorado .0011487 Centennial Center
a Board of County Commissioners 915 10th St. P.O. Box 758
u Greeley, CO . K 80632
Oz
o F The following covenants are part of this Division Order and shall
r. cn be binding on the undersigned, their respective heirs, successors, legal
W representatives, and assigns.
N
v. W
N 44 FIRST: The oil, gas, and associated hydrocarbons received
N hereunder shall be delivered f.o.b. to any pipeline or carrier designat-
oe z ed by VESSELS OIL & GAS COMPANY who gathers and receives such oil,
and associated hydrocarbons. The said OIL & gas,
Y VESSELS GAS COMPANY shall
CC
>i pay for said oil, gas, and associated hydrocarbons to the owner accord-
0 ing to the division of interest above set forth at the price received.
0 SECOND:
Cr) VD Quality and quantity shall be determined in accordance
ti ul with the conditions specified in the purchase agreement with purchaser
designated by VESSELS OIL & GAS COMPANY.
Mg.
THIRD: The undersigned, in consideration of payment by said
VESSELS OIL & GAS COMPANY, to them as herein provided, agree to hold
said VESSELS OIL & GAS COMPANY harmless from all loss, costs, expense,
or damage it may incur by reason of its making payments as herein
provided against any parties asserting any interest or claim thereto.
FEDERAL LAW REQUIRES YOU TO PROVIDE YOUR SOCIAL SECURITY OR FEDERAL TAX IDENTI-
FICATION NUMBER WHERE INDICATED BELOW. SIGNATURES MUST BE WITNESSED, AND FOR
CORPORATIONS, CORPORATE SEAL MUST BE AFFIXED HERETO AND ATTESTED TO. YOUR CORRECT
ADDRESS MUST BE SHOWN ABOVE TO PREVENT DELAY OR INTERRUPTION IN RECEIVING PAYMENTS
.t • Weld County Colorado
ATTEST: &44.44. .6"(42,4?/ jy Board of County Commissioners
t 4,1b:' . i. 3:, \`
B R - c.i� )p,it�li„u0 Mme,d V (,_.
De uty -C Y�JL�le.rt `1
Y: Ja ueline nson
{^ t� Chairman
._ j`
U ` Federal Tax ID #
84-6000-813
VOG Ownef #25864
Date Signed: /D%/f4
LAND9/400/9-2-86
END
. .y
VESSELS OIL & GAS COMPANY 1
LA ' SEP 2 2 1988 Y.
SUITE 1220,CHERRY CREEK PLAZA • 600 SOUTH CHERRY 222 DENVER,COLORA
303-321-0202 t,-.
THOMAS G.VESSELS,Chairmen of the Board Gt�Ey�
THOMAS J.VESSELS,President SOSA "A" UNIT #1 WELL (VOG #84001)
Township 1 North, Range 68 West, 6th P.M. \ ,
Section 18: West-Half (W/2)
County of Weld, State of Colorado
Division Order - September 2, 1986
TO ALL INTEREST OWNERS:
Vessels Oil & Gas Company is distributing proceeds from the sale of
oil and gas produced from the captioned property and enclosed is the
referenced division order covering your interest.
To insure a timely uninterrupted payment please check the division
order for the proper spelling of your name, correct interest and
accurate mailing address. In the event your name is incorrectly spelled
or your address has changed please make the necessary correction on the
face of the division order then date and initial the correction. Notify
this office in the event your decimal interest proves to be incorrect.
Your division order interest is determined by taking your Net Mineral
Acres covered in your lease and dividing by the Total Unit Acres in the
referenced land, this equals your Unit Participation Factor, then
multiplying the Unit Participation Factor times the Landowner Royalty
Interest in your lease.
EXAMPLE:
Net Mineral Acres / Total Unit Acres = Unit Participation Factor
0.1722 / 313.4 = .0005494
Unit Participation Factor x Landowner Royalty Interest = YOUR INTEREST
.0005494 x . 125 (or 1/8th) = .0000686
Please execute one division order in the space provided as
instructed on the division order then return it to me and keep the
duplicate copy for your records. After the division order is received
by us properly executed, and title is cleared, the subject interest will
be placed in line for payment.
I hope this information is helpful to you. Please let me know if
there is anything further which you need, or anything else which I can
do to help you with this property. Thank you for your early response
with this request.
VESSELS OIL & GAS COMPANY
Fred E. Abernathy, Jr.
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