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2465096 B-1520 P-101 11/27/95 02: 10P PG 1 OF 7 REC D0C
Arl�4bSG96 Weld County CO Clerk & Recorder 36.00
ASSIGNMENT
KNOW ALL PERSONS BY THESE PRESENTS:
THAT, in consideration of the sum of One Dollar ($1.00) and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
Amoco Production Company, a Delaware corporation, with an office in the Amoco
Building, 1670 Broadway, Denver, Colorado 80202, hereinafter referred to as
"Assignor" or as "Amoco" hereby does assign, transfer, and convey unto Gerrity Oil &
Gas Corporation, whose address is 4100 East Mississippi Avenue, Suite 1200, Denver,
Colorado 80222, its successors and assigns, hereinafter referred to as "Assignee," all of
the following:
A. All right, title and interest of Assignor in and to the oil and gas lease
described on Exhibit "A " (attached hereto and made a part hereof for all purposes),
insofar insofar as said lease covers the lands which are specifically described in Exhibit "A,"
subject to any depth limitations described on said Exhibit "A," excluding all other
depths, zones and formations and any and all oil and gas wells that are existing or
commenced prior to the date of this Assignment, and subject to any restrictions,
exceptions, reservations, conditions, limitations, burdens, contracts, agreements and
other matters applicable to such leases and interests;
B. All right, title and interest of Assignor in, to, and under, or derived from,
all presently existing and valid oil, gas or mineral unitization, pooling, operating and
communitization agreements, declarations and orders, as to the properties described on
Exhibit "A."
Said lands being situated in Weld County, State of Colorado (said lease and lands
insofar as said lease covers the oil and gas mineral rights lying in and under said lands
as to the subsurface depths assigned hereby are sometimes referred to herein as "lease
acreage"), subject to the terms of that certain Farmout Contract effective June 30, 1992,
by and between Assignee and Assignor, which by this reference is made a part hereof
and subject to the terms, covenants, and conditions set forth:
1. The lease acreage covered hereby is assigned by the Assignor and
accepted by the Assignee subject to the overriding royalties which are of record and
with which said lease acreage is encumbered; and the Assigned hereby assumes and
agrees to pay, perform or carry, as the case may be, each of said overriding royalties to
the extent that it is or remains a burden on the lease acreage herein assigned. The lease
acreage assigned shall not be subject to any existing production payment or net profits
interest prior to May 20, 1992, and Amoco alone shall bear any such interests.
2. The Assignor hereby excepts and reserves unto itself, its successors or
assigns, the following:
(a) an overriding royalty of:
(1) Three and seven-tenths percent of eight-eighths (3.7% of
8/8) of all oil, distillate, condensate and other liquid hydrocarbons produced and saved
from said lease acreage under said lease, which shall be delivered free of all costs and
expense, except taxes on production, at the well or wells on said lease acreage or, at the
Assignor's options, to the credit of the Assignor into the pipe line to which said well or
wells may be connected;
(2) Three and seven-tenths percent of eight-eighths (3.7% of
8/8) of the proceeds from the sale or if no sale, the market value at the well of all gas
and casinghead gas produced and saved from said lease acreage under said lease,
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which shall be paid to the Assignor free of costs and expense, except taxes on
production.
(b) a one percent of eight-eighths (1% of 8/8)working interest.
3. With respect to the overriding royalty and the working interest herein
excepted and reserved by the Assignor, the Assignor and the Assignee agree as follows:
(a) That said overriding royalty and said working interest shall extend
to any extensions or renewals of said lease.
(b) That oil and gas used in drilling and operations on said lease
acreage and in the handling of production therefrom shall be deducted before said
overriding royalty and said working interest is computed.
(c) That in the event said lease or interest herein assigned covers less
than all the oil and gas mineral rights in and to the land covered by this assignment,'
said overriding royalty and said working interest as to such lease shall be
proportionately reduced.
(d) That in the event any drilling and spacing unit established by
governmental authority for production from the lease acreage embraces land in
addition to the land covered by this assignment, said overriding royalty and said
working interest shall be proportionately reduced so as to be equal to the proportion of
said production which the number of surface acres covered by this assignment and
placed in said unit bears to the total number of surface acres included in such drilling
or spacing unit.
4. As to any wells drilled on said lease acreage by the Assignee after the
delivery of this assignment, the Assignee shall prior to the commencement of drilling
operations,give Assignor notice thereof and shall give the Assignor access to said wells
and the derrick floor at all reasonable times, and upon request of the Assignor, shall
furnish to the Assignor well samples of all cores and cuttings consecutively taken,
unless the Assignor elects to take such samples; and, at the request of the Assignor, the
Assignee shall furnish to the Assignor copies of any electrical well formation surveys
made.
5. This assignment is made subject to all the terms and the express and
implied covenants and conditions of said lease to the extent of the rights hereby
assigned, which terms, covenants and conditions the Assignee hereby assumes and
agrees to perform with respect to the lands covered hereby. Said terms, covenants and
conditions, insofar as the said lease acreage is concerned, shall be binding on the
Assignee, not only in favor of the lessor or lessors and their heirs, successors and
assigns, but also in favor of the Assignor and its successors and assigns.
6. In the event that the Assignee should elect to surrender, abandon or
release all or any of its rights in said lease acreage, or any part thereof, the Assignee
shall notify the Assignor not less than thirty (30) days in advance of such surrender,
abandonment or release and, if requested by the Assignor, the Assignee immediately
shall reassign such rights in said lease acreage, or such part thereof, to the Assignor.
7. This assignment is made without warranty of any kind, either express
or implied.
8. All notices, reports and other communications required or permitted
hereunder, or desired to be given with respect to the rights or interests herein assigned
or reserved, shall be deemed to have been properly given or delivered when delivered
personally or when received by certified mail or telegraph, with all postage or charges
fully prepaid, and addressed to the Assignor and Assignee, respectively, as follows:
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Assignor: Amoco Production Company
P.O. Box 800
Denver, Colorado 80201
Assignee: Gerrity Oil &Gas Corporation
4100 East Mississippi, Suite 1200
Denver, Colorado 80222
Attention: Land Manager
9. The terms, covenants and conditions hereof shall be binding upon, and
shall inure to the benefit of, the Assignor and the Assignee and their respective heirs,
successors or assigns; and such terms, covenants and conditions shall be covenants
running with the lands herein described and the lease acreage herein assigned with
each transfer or assignment of said lands or lease acreage.
10. Amoco reserves and excepts unto itself, its successors and assigns, the
option and exclusive right at any time, at all times, and from time to time, to purchase
all oil distillate, condensate and other liquid hydrocarbons produced and saved from
said lease acreage or allocated to said lease acreage. Payment for any oil, distillate,
condensate and other liquid hydrocarbons purchased hereunder shall be made at
Amoco's posted price or if Amoco does not have a posted price for such field, the
prevailing price for production of similar kind and quality prevailing in the field where
produced on date of delivery.
11. Amoco reserves unto itself, its successors and assigns, the right to use the
surface of the lease acreage assigned herein to conduct operations in those depths,
zones, and formations not assigned herein. The rights reserved in this Section 11 shall
be exercised in a manner which does not materially and unreasonably interfere with
Assignee's operations.
12. Amoco shall purchase all gas and casinghead gas produced and saved
from the lease acreage or allocated to said lease acreage at the well head under the
terms of Exhibit"F" to that certain Farmout Contract effective June 30, 1992, by and
between Assignee and Assignor, which is by this reference made a part hereof.
TO HAVE AND TO HOLD said lease acreage unto the Assignee, its heirs and
assigns, subject to the terms, covenants and conditions hereinabove set forth.
EXECUTED this day of - Prengef�- , 1995, effective as of the 26th day
of March, 1993. r�
AMOCO PRODUCTION COMPANY
By
Its Attorney-in-Fact /1.S
RS/mlm
ASG926_1
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/? I
STATE OF (
. ss.
COUNTY OF ihqD
The foregoing instrument was acknowledged before me this day of
, 1995, by C, 4(tNi- ` , Attorney-in-Fact
for AMOCO PRODUCTION COMPANY, a Delaware corporation.
WITNESS my hand and official seal. ,�
�
;(.Li :e'er :din ( �
0tk. Notary Public ''
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N PU;EI `(-� ,31 a
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OF . - Address
My Commission expires: 3-A M`Y
AS0926_2.dod4
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EXHIBIT `n."
Well Name: Watada:Red WW 19-4D
Township 1 North,Range 66 West,6th P.M.
Section 19: SF/4
Weld County,Colorado
Attached to and made a part of that certain Assignment by and between Amoco
Production Company (Assignor) and Gerrity Oil & Gas Corporation (Assignee) dated
September 29, 1995,effective as of March 26, 1993.
INSOFAR AND ONLY INSOFAR AS THE FOLLOWING LANDS ARE DESCRIBED,
LOCATED IN WELD COUNTY, COLORADO, AND LIMITED FROM THE BASE OF
THE SHANNON FORMATION TO THE BASE OF THE J-SAND FORMATION:
Date of Lease: June 28, 1985
Lessor: State Department of Highways
Lessee: Amoco Production Company
Recorded: Book 1085, Reception No. 2025476
Description: Township 1 North, Range 66 West, 6th P.M.
Section 19: SE/4
Date of Lease: June 29, 1973 '
Lessor: Anthony Gaerardini
Lessee: Amoco Production Company
Recorded: Book 697, Reception No. 1618745
Description: Township 1 North, Range 66 West, 6th P.M.
Section 19: SE/4
Date of Lease: September 5, 1975
Lessor: Alfred Watada, et al.
Lessee: Amoco Production Company
Recorded: Book 751, Reception No. 1672790
Description: Township 1 North, Range 66 West, 6th P.M.
Section 19: SE/4
Date of Lease: April 4, 1975
Lessor: Frank Damiana, a widower
Lessee: Amoco Production Company
Recorded: Book 739, Reception No. 1660681
Description: Township 1 North, Range 66 West, 6th P.M.
Section 19: SE/4
Date of Lease: September 30, 1975
Lessor: Weld County, a political subdivision of the State of Colorado
Lessee: Amoco Production Company
Recorded: Book 750, Reception No. 1672108;
re-recorded in Book 753, Reception No. 1674898
Description: Township 1 North. Range 66 West. 6th P.M.
Section 19: SE/4
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Date of Lease: September 19, 1975
Lessor: Weld County Landfill, Inc.
Lessee: Amoco Production Company
Recorded: Book 753, Reception No. 1674500
Description: Township 1 North, Range 66 West. 6th P.M.
Section 19: SE/4
Date of Lease: January 15, 1975
Lessor: Tom W. Spain and Margaret G. Spain
Lessee: Amoco Production Company
Recorded: Book 734, Reception No. 1656013
Description: Township 1 North. Range 66 West. 6th P.M,
Section 19: SE/4
Date of Lease: July 6, 1975
Lessor: Fort Lupton School District RE-8
Lessee: Amoco Production Company
Recorded: Book 747, Reception No. 1668502
Description: Township 1 North. Range 66 West. 6th P.M.
Section 19: SE/4
Date of Lease: September 16, 1975
Lessor: Frank Yokooji
Lessee: Amoco Production Company
Recorded: Book 750, Reception No. 1672132
Description: Township 1 North. Range 66 West, 6th P.M.
S'ctioa 19: SE/4
Date of Lease: October 31, 1984
Lessor: Joseph F. Mollender and wife, Sandra L. Mollender
Lessee: Amoco Production Company
Recorded: Book 1055, Reception No. 1995341
Description: Township 1 North. Range 66 West. 6th P.M.
Section 19: SE/4
Date of Lease: February 26, 1985
Lessor: Joseph G. Cabrera and Marie D. Cabrera, his wife
Lessee: Amoco Production Company
Recorded: Book 1078, Reception No. 2018684
Description: .hmihip 1 North, Range 66 West. 6th P.M.
Section 19: SE/4
Date of Lease: December 6, 1985
Lessor: Fulton Irrigating Ditch Company
Lessee: Amoco Production Company
Recorded: Book 1096, Reception No. 2036909
Description: Township 1 North. Range 66 West. 6th P.M.
Section 19: SE/4
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Date of I tease: December 13, 1974
Lessor: Frank Yokooji
Lessee: Amoco Production Company
Recorded: Book 731 , Reception No. 1652670
Description: Township 1 North. Range 66 West. 6th P.M.
Section 19: SE/4
Date of Lease: January 21, 1975
Lessor: The Zaiss Investment Company
Lessee: Amoco Production Company
Recorded: Book 732, Reception No. 1654298
Description: Township 1 North. Range 66 West. 6th P.M.
Section 19: SE/4
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