HomeMy WebLinkAbout900720.tiff AR2223783
RESOLUTION
RE: AUTHORIZATION OF OIL AND GAS LEASE COVERING CERTAIN PROPERTY
OWNED BY WELD COUNTY, COLORADO, LOCATED IN SECTION 14,
TOWNSHIP 9 NORTH, RANGE 66 WEST OF THE 6TH P.M. , WELD COUNTY,
COLORADO
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p WHEREAS, the Board of County Commissioners of Weld County,
0 Colorado,, pursuant to Colorado statute and the Weld County Home
Q Rule Charter, is vested with the authority of administering the
4 affairs of Weld County, Colorado, and
03
44,3 WHEREAS, Weld County, Colorado, is the owner of vast acres of
o mineral lands located in Weld County, Colorado, and
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c WHEREAS, a portion of said mineral acres not currently leased
was put up for bid to lease, and
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m U WHEREAS, Patrick Petroleum Corporation of Michigan, P.O. Box
Z 747, Jackson, Michigan 49204, submitted the high bid to lease 160
�~eW+ net mineral acres, more or less, described to-wit:
a Section 14 : SE} , Township 9 North, Range 66
rn 0 West of the 6th P.M. , Weld County, Colorado
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N 2 WHEREAS, Weld County desires to accept the high bid offer
w P:4 submitted by Patrick Petroleum Corporation of Michigan to lease
the above described mineral acreage for
4 $20. 00 per net mineral
w acre, for a total sum of $3,200 . 00, together with a rental fee of
g ONE DOLLAR ($1.00) per net mineral acre, which lease is to run for
rn ,n a period of three (3) years, commencing August 8, 1990, and ending
NI-1 at 12: 00 noon on August 8, 1993 , unless otherwise held, as stated
.-io in the lease agreement which is attached hereto and incorporated
m w herein by reference.
NOW, THEREFORE, BE IT RESOLVED by the Board of County
Commissioners of Weld County, Colorado, that the high bid offer of
Patrick Petroleum Corporation of Michigan, P.O. Box 747, Jackson,
Michigan 49204 , be, and hereby is, accepted for a period of three
(3) years with the total sum being as above listed.
900720
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Page 2
RE: OIL AND GAS LEASE - PATRICK PETROLEUM CORPORATION
The above and foregoing Resolution was, on motion duly made
and seconded, adopted by the following vote on the 8th day of
August, A.D. , 1990.
BOA F COUNTY COMMISSIONERS
o U ATTEST: .4* 7- WEL OUNTY, COLORADO
c.: O Weld Coureltl [ td the Board �r
'^ I A ene R.Air ner, Chairman
a ' es-...
Geo ge Kennedy, Pro-Tem
4.• 47 p eputy � ck to - he Board
O APPR VED AS TO FORM: Constance L. Harber
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W ounty Attorney
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900720
Parcel #15
WELD OMIT OIL AND GAS !RASE
Containing 160 acres, sore or less;
Containing 160 net mineral acres, sore or lass:
THIS LEASE AQiPffiffi1l, dazed this 8rh day of August , 19 90 made and entered
into by and between WELD COUNTY, COLORADO, a political abdivieion of the S51a OF COLORADO, acting by and
through the BOARD OF COMFIT OD?RQSSIORERS OF THE COUNTY OT WED, for its respective interests, z/o !WARD OF
COUNT COMMISSIONERS, WELD COMRTL CENTENNIAL crrat, 91$ 10!8 SST, allin, CO 80631, hereinafter called "i t°
or
andf W N
PATRICK PETROLEUM CORPORATION OF MICHIGAN, a Michigan corporation F J
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P.O. Box 747
Jackson, MI 49204
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hereinafter called Lessee: k n
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WHEREAS, said Lessee has applied to Lessor for an oil and gas lease covering the- land herein described, ill co
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and has paid a filing fee in the amount of $10.00, plea a bonus consideration of $ 20.00 per mineral
acre, fixed by Lessor as an additional cauidecation for the granting of this lease, and Lessee agrees to N 0
at the rate of S 1.00 , per mineral acre or y o°
gay an auncal rental of $ 160.00 ,
fraction thereof per year. H
WBOEAS, all the requirements relative to said application have been duly complied with sad said o
application has been approved and allowed by Lessor;
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Tom, in consideration of the agreements herein, an the part of Lessee to be paid, kept and u+
performed Lessor does lease exclusively to Levee for ties sole and only purpose of drilling for, o
development of and production of oil and gee, or either of them, thereon and therefrom with the right he awn
'II oil and gas so produced and sand therefrom ad not rearmed as royalty by Lessor under the terns of O
this lease, together with rightsrof-way, easements and servitudes for pipelines, telephone and telegraph RI
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, ml o
the following described land situated in the Canty of Veld, State of Colorado, and more particularly a
described as follows: ti
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DESCRIPTION OF LAND SECTION RANEE
TOWNSHIP 0 4
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TO BAIT AND TO HOLD said land, and all the rights and privileges granted hereunder to Lessee until the
hoer of twelve o'clock noon on the 8th day of August , 19 93 as primary term, and so Ions
thereafter as oil and gas, or either of them, is produced in paying quantities from said land or Lessee is
diligently engaged in bons fide drilling or manilas 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
on delay or cessation thereof for a grater period than sixty consecutive days unless an extension in
melting is granted by Lessor; provided that such drilling or reworking operations are commenced during said
primary hers or any extension thereof or while this lease is in fora by reason of production of oil and gas
or either of them, or that such reworking is commuted within sixty days upon cessation of production for
the purpose of re-establishing the same, and provided further that such production is commented during such
3900 900720
(Rev. 11/86)
primary tern 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 follow:
1. RURAL - If this lease is ext aded for an additional tees as provided for in the EZTENSLON
paragraph hereof, Lessee shall during each extended period pay to lessor an annual rental at double the rate
above specified for the land covered hereby. The rental in effect at the time production is established
shell not be increased due to the ten of this lease being extended by such production. Rentals set at the
time of established production shall be paid daring the remaining life of this lease, manually, in advance,
on or before each anniversary date hereof. There shall be no refund of unused rental.
2. ROYALTY - Lesue shall account for may and all substances produced on the leased land and Lessee
shall pay to Lessor as royalty, in addition to the rentals provided, but except for products used on the
leased land, unavoidably lost or flared on the leased land, with approval of Lessor, the following:
(a) On oil, 1211% of the oil produced and saved from the leased land.
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� At the option of Lessor, and vith sixty (60) days' notice to Lessee, Lessor say take its
o royalty oil in kind, In which event Lessee shall deliver such royalty oil to Lessor on the leased land,
,r O free of cost or deduction, into the pipelines or storage tanks designated by Lessor, but Lessee shall
U not in such ease he required to provide fres tankage for say such oil for a looser period than one
rQ7 mouth after the same is run into tanks. With sixty (60) days' notice to Lessee, Lessor may can
0 3 taking oil royalty in kind. When paid in cash, the royalty shall be calculated upon the fair market
value of the oil at the well which shall not be deemed to be less than the price actually paid to
h W Lemaes at the well by the purchaser thereof= and in no event shall the royalties be based upon a serket
q aloe se the well less than the posted price in the field for such oil, or to the absence of a posted
O price in the field for such oil, upon a market value at the well lass than the prevailing price
kreceived by other producers in the field for oil of like grade and gravity at the time such oil is ran
co cd into pipelines or storage teaks.
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kr) x (b) On gas, including casinglead gas or other gaseous substance, S of the fair market
P; value at the well or of the price received by Lessee at the all, whichever is greater, of all gas
o'.W1 produced and sold from the leased land or utilised off the land by Lessee. A copy of all contracts for
m t.) sale of gas shall be furnished to Lessor. fibers gas is sold under contract that has been approved by
r- Z lessor, the fair market value of such gas for determining the royalties payable hereunder shall be the
r-I W price at which such gas is sold under such contract. No approval by Lessor of the terms of any such
o H agreement shall operate to sake Lessor a party thereto or obligate it thereunder in any way. At the
aoption of Lessor, and rift sixty (60) days' notice to Lessee, Lessor may take its royalty in kind.
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• With sixty (60) days' notice to Lessee, Lessor may cease taking gas royalty in kind.
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M G. (c) All costs of marketing the oil and/or gas produced shall be borne by Lessee and such costs
N Z shall not directly or indirectly reduce the royalty payments to Lessor. Except that marketing coats
cm 4 for Lessor's in-kind royalty shall be borne by Lessor.
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g the (d) If Lessor owns a lesser interest in the oil and gas deposits of the above-described land than
2 2entire and undivided fee simple estate, than the royalties and rentals herein provided shall be
oh co paid to Lessor only in the portion shish its interest bears to the whole and undivided fee, but no
✓ ti refund of bonus consideration shall be made N M any b7 Lessor hereunder.
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(Rev. 11/86)
J. RECORDS - Lessee agrees to keep and to have in possession complete and accurate books and records
sharing the production and disposition of any and all substances produced on the leased land and to pewit
Lessor, at all reasonable hours, to examine the same, or to furnish copies of sane to Lessor upon request
along with purchaser's support documentation. Lessor will not be unreasonable with requests. All said
books and records shall be retained by Lessee and made available in Colorado to Lessor for a period of not
lass than five years.
6. NEAgOPEPIEf2S - All production shall be accurately measured using standards established by the
American Cas Aaseeiaticn (ACA) and/or the American Petroleum Institute (API) and all measuring devices shall
be tamperproof as nearly as possible. Oil royalties due within the terms of this lease shall be calculated
on actual and accurate measurements within API standards unless a different means o£ measurement, subject to
Lessor's approval, is provided. td
S. PATIENTS t, REPORTS - All payments and reports due hereunder shall be made on or before the day o r
on
such payments and reports are d . Nothing in this paragraph shall be construed to extend the expiration of w
the primary term hereof. gggg
Oil royalty payments sod supporting documents d es
dull be submitted prior to the last day of the I A
month following each month's sale of production, and gas royalty payments and supporting documents shall be G
submitted prior to the lest day of the second month following each month's sale of production.
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All payments shall be made by cash, check, certified check or sourly order. Payments having ,$) a
restrictions, qualifications, or encumbrances of amy kind whatsoever shall not be accepted by Lessor. A C W
penalty for a late payment shall be charges as set forth in the PENALTIES paragraph herein.
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6. PENALTIES - A penalty shall be imposed for, but not lisited to late payments, improper payments, ;I!!
operational deficiencies, violation of any covenant of this lease, or false statements made to Lessor. N r
Penalties shall be determined by Lessor unless otherwise pro►ided for by law and may be in the form of, but 2':..7!
not limited to, interest, fees, fines, and/or lease cancellation. A penalty schedule shall be prepared by p c
Lessor and dull became effective immediately after public notice. Said schedule may be changed from time
to time after public notice. ~
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7. LAW - The terms and conditions of this lease shall be performed and exercised subject to all law, o
rules, regulations, orders, local ordinances or resolutions applicable to and binding upon the ,
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administration of lands and minerals owned by the County of Weld, and to law, rules and regulations 0
governing oil and gas operations in Colorado. Violations shall result in penalties as provided for by law ryp
or as set forth in the aforementioned schedule or shall, at the option of Lessor, result in default as c
provided hereinafter.
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S. SURRENDER - Lessee may at any time, k7 pe7thE
to Lessor all amounts then due as provided herein, 1r., o
surrender this lease insofar as the same covers all or any portion of the land herein leased and be relieved t7
from further obligations or liability hereunder with respect to the land w surrendered; provided that no n
partial surrender or cancellation of this lease shall be for lees than contiguous tracts of approximately )c
forty (40) acres or Governmental lot corresponding to a quarter-quarter section; pfd further that this
surrender clause and the option herein reserved to Lessee shall cease sod becose absolutely inoperative p o
immediately and concurrently with the inatitutlen of any suit in any court of law by Lessee, Lessor or any
assignee of either to enforce this lease, or soy of its terms expressed or implied. In no ease shall any
surrender be effective until Lessee shall have made full provision for conservation of the leased products
sod protection of the surface rights of the leased land. p2
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(Rev. 11/66)
9. Animaters -
(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 apprasiaately forty (40) acres or Governmental lot corresponding to a
quarter-quarter section for any partial assignment, and for approval of such assignment Lessor shall
mate an assignment charge in en amount to be determined by Lessor. Prior to written approval by Lessor
of assignment of this lease, Lessee (suiguni shall not be relieved of its obligations under the terns
and conditions herein. An assignment shall not extend the tern of this lease.
o U (b) If any assignment of a portion of the land covered hereby shall be approved, a new lease
o shall be issued to the assignee covering the assigned land, containing the same terms and conditions as
va O this lease, and limited as to ten as this blue is limited, and the assignor shall be released and
discharged from all further obligations and liabilities as to that portion so assigned.
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0 3 (c) Lessee shall notify Lessor o£ all assignments of undivided percentage or other interests.
Said interests will not be recognized or approved by Lessor, and the effect of any such assignments
O04 will be strictly and only between the parties thereto, and outside the texas of this lease: and no
dispute between parties to any such assignment shall operate to relieve Lessee from performance of any
p terms or conditions hereof or to postpone the time therefor. Lessor shall at all times be entitled to
Wlook solely to Lessee or his assignee shown on its boots as being the sole owner hereof, and for the
co t:4 ambling of all notices required by this love and for the performance of all terms and conditions
o s hereof.
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W (d) Although not binding on Lessor, all instruments of every kind and nature whatsoever affecting
o a this lease should be filed with the Lessor.
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• Z 10. OVERRIDING ROTA= - Any and aI1 reservations or assistants or overriding royalties shall be
ca subject to approval by Lessor. She total of said overriding royalties shall not exceed five percent (51),
ao H including any overriding royalty previously provided for unless production exceeds a monthly average of
o a fifteen (15) barrels per day or ninety thousand cubic feet of gas per day (90 NCF/D). In the event that
re) D production drops to this amount or less, soy overriding royalties which exceed five percent (5;) may be
co Gov. suspended. Lessor's approval of a resonation or assignment of an overriding royalty shall not bind Lessor
r.N z for payment of said overriding royalty and shall not relieve Lessee of any of its obligations for payment of .
N z royalties to Lessor as provided by RDlAL1Y paragraphs herein.
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D+ 11. OFP= HELLS - Lessee agrees to protect the leased land from drainage by offset wells located on _
Cj adjoining lands not owned by Lessor, when such drainage is not compensated for by counter-drainage. It
CC shall be presumed that the production of oil and gas from offset wells results in drainage from the leased
cn o land, unless Lessee demonstrates to Lessor's satisfaction, by engineering, geological, or other data, that
N M production from such offset well does not result in such drainage, or that the drilling of a well or wells
o m the lased land would not accomplish the purposes of protecting the deposits under the teased land.
el 44 Lessor's decision as to the existence of such drainage shall be final, and Lessee shall comply with Lessor's
order thereon or surrender this lease as to any such undeveloped acreage as designated by Lessor.
12. DEVELOPMENT - Dpon discovery of oil and gas or either of them on eha leased land, Lessee shall
proceed with reasonable diligence to develop said land at a rata and to an extent commensurate with the
economic development of the field in vhith the loved land lies.
13. POOLING CLAUSE - Lessee may at any time or times pool any part or all of said land and lease or
any stratum or strata with other lands and leases, stratum or strata, in the same field so as to constitute
a spacing unit to facilitate an orderly or uniform well-spacing pattern or to comply vith any order, rule,
or regulation of the State or Federal regulatory or conservation agency having Jurisdiction. Such pooling
(Rev, 11/86)
shall be accomplished or terminated by filing of record a declaration of pooling, or declaration of
termination of pooling, and by mailing or tendering s copy to Lessor, or to the depository bank. Drilling
or reworking operations upon or production from any part of such spacing unit shall be considered for all
purposes of this lease as operations or productions from this few. Lessee shall allocate to this lease
the proportionate share of production which the acreage in this lease included in any such spacing unit
beers to the total acreage in said spacing unit.
14. DNITI7JTION - CONNUNtIZATION - In the event Lessor permits the land herein leased to be included
within a commnitiaatiou or unitization agreement, the terms of this lease may be deemed to be modified to
conform to such agreement. Shen only a portion of the land under this lease is committed by an agreement,
Lessor may segregate the land and issue a separate lease for each portion not committed thereunder; the term hi In
of such separate lease shall be limited as to the original term of this lease. The terms of the lease on o r
that portion remaining in the unit shall be deemed to be modified to conform 'to such agreement. N
Namprodecing leases shall terminate on the first anniversary date o£ the lease following the termination w
date of the unit or part thereof modifying the lee, but in no went prior to the end of the primary term
of the lease or the extension term of the lease. n
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1S. PRODOC1TON - Lessee shall, subject to applicable laws, regulations and orders, operate and produce q N
all wells upon the leased land so long as the sass are capable of producing Sn paying quantities, and shall 2 N
operate the same so as to produce at a rate casmentarate with the rate of production of wells on adjoining w
lands within the ease field and within the limits of good engineering practice, except for such times as
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there mist neither market nor storage therefor, sad except for such limitations on or suspensions of � w
production as say be approved in writing by Lessor. Lessee shall be responsible for adequate site security MItn o
oa all producing properties. ��
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16. SNOT-IN WELLS - If Leave shall complete a well on the leased land productive of gas and Lessee is z\
tumble to produce such gas duo to a lack of suitable market therefor, Lessor may grant Lessee suspension of n
his obligations to produce hereunder until a suitable market for such gas can be found, and during any such M o
suspension period, it stall be deemed that gas is being produced hereunder in paying quantities. Except, Di
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however, that beginning on the anniversary date next, of the year of an extension of the lease by reason of to
a shut-in well, Lessee shall pay to Lessor a shut-in royalty equal to S2 per acre of the lease per annum in a' "o
addition to the annual rental. The minima amount of such sbut-in royalty payment shall be $240. Each Z co
year's abut-in royalty shall be forfeited to Lessor except for the shut-in royalty paid for the year during n
which the well begins production. The maxima extension of the lee, due to the existence of a shut-in O
well, shall be five years beyond the extension term as described in the EXTENSION paragraph herein. She 0-Er
granting of any further extensions shall be at the sole option of Lessor. Z o
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17. OPERATIONS - No exploration, drilling or production operation, including permanent installations, o
shall be within 200 feet of any existing building or other improvement, including water well or reservoir, 0
without the written permission of the owner of said improvements. Lessee shall keep a correct log of each n
well drilled hereunder, showing by name or description the formations passed through, the depth at which o\
each formation was reached, the number of feet of each size using set in each well, where set, and the o
total depth of each well drilled. Lessee, within thirty (10) days after the completion or abandonment of 8 0
amy well drilled hereunder, shall file in tha office of Lessor a complete and correct log of such well,
together with a copy of the electric log and the radioactivity log of the well when such logs, or either of
them, are run; and also a copy of all drill stem test results, core records and analyses, record of
perforations and initial production tests, if any. If any of the information required by this paragraph is
contained in reports required to be filed with the Oil and Gas Conservation Commission of Colorado, the
requirements of this paragraph for such information may be satisfied by such filing with said Commission,
anent for copies of the reports as are required by the following paragraph, and provided that all such
information is immediately available to Lessor. Any proprietary information so submitted shall not be
subject to public inspection under Colorado lam.
(Rev. 11/86)
Lessee shall bury pipelines below plow depth. Lessee shall set and cement sufficient surface
wing to protect the fresh weer wells of the area.
IS. ROTIlICATZOU - Lessee shall notify Lessor and the surface lessee or surface owner of the location
of each drill site at least two web prior to commencing drilling operations thereon. Lessee shall notify
Lessor before commencing to plug and abandon any well by copy of Lessee's request for approval or sundry
notice of intent to plug and abandon.
19. BONDS - Lessee shall be liable for all damages to the surface o£ the land, livestock, growing
crops, weer wells, reservoirs, or improvements caused by Lessee's operations on said land. No operations
shall be commenced on the land hereimabove described unless and until Lessee shall have filed a good and
sufficient bond with Lessor, in on amount to be fixed by Lessor, to secure the payment for such damages as d
may be caused by Lessee's operations on said land and to assure compliance with all the terms and provisions o t'
of this lease, the law of the State of Colorado, and the rules and regulations thereto appertaining. A t,o w
bond may be held in effect for the life of production of any well.
20. SE=LEM NT - Lessee shall not remove any machinery, equipment or fixtures placed on said land, k n
other than drilling equipment, nor draw the easing from any well unless and until all payments and o
obligations currently due Lesser under the terms of this lease shall have been paid or satisfied. Any z N
machinery, equipment or fixtures left an this land for a period of more than six (6) months after the Z to
expiration hereof, shall automatically become the property of Lessor. esD
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21. OTHER DISCOVERY - Should Lessee discover any valuable products other than oil and gas, on or t9w
within the leased land, Lessee shall within seven (7) days report such discovery to Lessor, in which sweat 7 G
Lessee and Lessor may negotiate a provision for production of such discovery. y�
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22. RAZOR - This lease does not grant permission, express or implied, to Lessee for water exploration, z
drilling, or establishing water wells without the written permission of the surface owner. If Lessor is the c
surface weer, said permission shall not be unreasonably withheld. If Lessee desires to establish or ed
adjudicate any water right for beneficial use on the lewd land, any such adjudication or application shall
be in the name of Lessor if Lessor is the surface owner. The same shall apply to any nontributary water ¢ v~
rights established on the leased land which say be put to beneficial use off said land. o
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23. DE[ALi x - Upon failure or default of Lessee to comply with any of the terms and provisions hereof 0
including but not limited to the failure to comply with laws, rules and regulations governing Colorado oil E
mind gas operations, Lessor is hereby authorised upon notice and hearing, as hereinafter provided, to cancelMgr
this lee as to all of the leased land se claimed or possessed by Lessee hereunder. In the event of any ',u o
such default or failure, Lessor shall, before making any such cancellation, send to Lessee by certified 1L,
mail, to the post office address of said lessee as shown by the words of Lessor, a notice of intention to Cd o
cancel for such failure or default, specifying the same, stating that if within thirty (30) days from the e
date of sailing said notice, Lessee shall correct such failure or default, no cancellation will be made. If n
such failure or default is not corrected 'within thirty (30) days after the mailing of such notice, and if 25.!
Lessee doss not request a bearing on such notice within thirty (30) days, this lee will terminate and be n o
cancelled by operation of this paragraph without further action by Lessor, or further notice to Lessee. re) o
24. EXTENSION - If Lessee fails to make discovery of oil and gas, or either of them, in paying
quantities during the primary term hereof, or during drilling operations commenced during the primary term
hereof, Lessee may make written application to Lessor for an extension of this lease for a term equal to the
primary ten as to all of the mineral acres covered hereby (excluding any mineral acres theretofore
surrendered as in the SURRENDER Paragraph provided, or assigned as in the ASSIGNMENTS Paragraph provided).
The granting of such extension shall be at the sole option of Lessor at double the rental for the primary
ten hereof.
ev20
(Rev. 11/86)
25. HOLD HARMLESS - Lessee shall indemnify Lessor against all liability and loss, and against all
claims and actions, including the defense of such claims or actions, based upon or arising out of damage or
injury, including death, to persons or property caused by or sustained in connection with operations on this
leased land or by conditions created thereby, or based upon any violation of any statute, ordinance, or
regulation.
26, CONDEMNATION - If the leased land shall be taken in any condemnation proceeding, this lease shall
automatically terminate as of the date of taking. The award for such condemnation shall be paid to Lessor,
except for any specific award(s) paid to Lessee for severed oil and gas reserves, in which event
XXXXXXXXX of such specific award(a) shall be paid to Lessor in lieu of royalty lost by virtue of the
condemnation. Improvements shall be removed by Lessee per arms in the SETTLEMENT Paragraph herein. If
only a portion of the leased land is taken by condemnation, Lessor say, at its option, terminate this lease
or terminate only that portion of the love so taken. M
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27. ERRORS - Every effort is made by Lessor to avoid errors in all procedures including but not to tv
to J
limited to auction listings and lease preparation. Lessor shall not be liable for any inconvenience or loss w w
caused by errors which may occur. Lessee shall notify Lessor immediately upon discovery of any errors or
discrepancy whatever. FC n
28. ARCHAEOLOGY - Lessee shall not destroy, disturb, mar, collect, remove or alter any prehistoric or o
historic resources of any kind on Weld County lands as provided by law. These resources include but are not Z N
1lsited CO all artifacts of stone, wood or meal, pictographs, structures, and bones. A discovery of w
anything of prehistoric or historic nature shall be reported to Lessor or the Sate of Colorado lizzi
Archaeologist imediately. O W
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29. DEFINITIONS ' OH,I op
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(a) "Gas" as used herein shall sem all gases (combustible and noncombustible), including but not Z
limited to all gaseous hydrocarbons, gamma compounds, carbon dioxide, and helium. A
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(b) "Oil and gas" as used herein shall include all substances produced as by-products therewith, td
including but not limited to sulfur.
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(c) "Paying quantities" as used herein shall seen and refer a quantities of oil and gas or of z7 ao
either of them sufficient to pay for the current cost of producing same. n
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30. HEIRS AND ASSIGNS - The benefits and obligations of this lease shall inure to and be binding upon 6
the heirs, legal representatives, successors or assigns of Lessee; but no sublease or assignment hereof, or ;1',K)
of my interest herein, shall be binding upon Lessor until the sass has been approved by Lessor as explained c
in the ASSIGNMENTS' paragraph provided. Pi o
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31. WARRANT!! OF TITLE - Lesser does not warrant title to the leased premises, but it shall, upon
request, allow Lessee access to such abstracts and other title papers as it has in its files. There shall p ke,
be no obligation on Lessor's part to purchase new or supplemental or other title papers nor to do any ' ;
aaative work in connection with title to the subject lands. All abstracts of title, whether new or C) c
supplementary, obtained by Lessee and covering the subject lands shall become the property of and be
delivered to Lessor after Lessee has completed its title examination and curative work, subject, however, to
the right of Lessee to we such abstracts upon request at any time during the term of the Lease.
•
(Rev. 11/86)
�\ III WITNESS WEERSOB, lessor has hereunto sig
ned and canted its nine to be sigeed by the BOARD 08 COOR37C
COMMISSIONERS 08 TM worn OF WELD, with the seal of the office affixed, and Lessee has signed this
agreement, the day and year first above written.
BOARD DORiT CONNISSIONEFS
WELD 0 , COLORADO
A'ZaS2
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Weld County ciack,T, /L
. i ,�...,.. �/iLi
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\U BY: 07.14- 4/
o
o TRIppC ,CK_�PET LEU PORATION OF MICHIGAN
o A
w Charles D. Robinson
granooLaRAno ) Executive Vice President
U ) SS.
a
COM= O8 WELD
co )
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� xa The fot egM��r�wnt was acknowledged before me this c� `" day of A_Ltaa WY 43 CIN I-1 A �f ( P_21 seal. f
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CoMMalti: .,k 4 -9 `y
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W �`�" T Y
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co W Rotary Public
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(Rev, U/86) e
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