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HomeMy WebLinkAbout940854.tiff r • . RESOLUTION RE: APPROVE OIL AND GAS DIVISION ORDER TO GERRITY OIL AND GAS CORPORATION 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, has received an Oil and Gas Division Order to Gerrity Oil and Gas Corporation, 4100 East Mississippi Avenue, #1200, Denver, Colorado 80222, and WHEREAS, said Division Order covers land more particularly described as follows: Township 5 North, Range 64 West, 6th P.M. Section 22: NISE,'-, Weld County, Colorado 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 a member of the Weld County Attorney's staff 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 to Gerrity Oil and Gas Corporation, 4100 East Mississippi Avenue, #1200, 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. 940854 LEO/4a" LE-01q2- (2d : 66e,e/i y DIVISION ORDER - NISEI, 522, T5N, R64W PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 12th day of September, A.D. , 1994. BOARD OF COUNTY COMMISSIONERS ATTEST: M4 i7 WELD COUNTY, COLORADO .. / / ?.. /4 / /' //Weld County Clerk to the Board // / /;i / W. . Webster, C irman BY: (fj 4„a Let, ec)Deputy Clerk to the Board Dale K. Hal , P o-Tern APPROV S TO FORM: /��� ,. George E. Baxter unty Attorney Constance L. Harbert E �y-aAt arbara J. Kirkme er 940854 • • • 2407445 B-1460 P-'2.40 09/20/94 04,48P PG 1 OF 3 REC DOC Mary Ann Feuerstein Weld Co. , Clerk & Recorder 0.00 Afte407"5 OIL AND GAS DIVISION ORDER Date: August 15, 1994 Lease No.: 05007211 & 05007181 Lease Name:Emancipator 22-9 &t 15 Effective Date: January 1, 1994 To: Gerrity Oil & Gas Corporation 4100 E. Mississippi Ave., #1200 Denver, CO 80222 Each of the undersigned, individually, for themselves, their heirs, successors, and assigns, hereby represents, warrants, and guarantees to Gerrity Oil & Gas Corporation (hereinafter referred to as the 'Company"), its successors and assigns, that the undersigned is the legal owner of the decimal interest, as set forth below opposite each undersigned's name, in the proceeds from all oil, condensates, and natural gas which may be produced from or allocated to the following-described area or well located In the County of Weld, State of Colorado, and more particularly described as follows: Township 5 North. Runge 64 Wes( Section 22: N'ASE14 Limited to the Codell/Niobrara Formations Commencing on the effective (bale hereof, the Company is hereby granted and authorized to lake and receive all oil, condensates, and natural gas which may be thereafter produced from the above-described area or well and, subject to the other terms and conditions hereof, to give credit therefor to the undersigned In accordance with the division of interest schedule as follows: Credit To Address Decimal Interest For Division of Interest see Exhibit "A" Attached Hereto and Made a Pert Hereof Additionally, in consideration of the wells drilled or to be drilled on the above-described lands and the payment to the undersigned of royalties on production from said wells, the undersigned agree, grant, and represent to and with the Company as follows: 1. Oil (including crude oil and condensate) shall become the property of the purchaser thereof- upon its delivery to the purchaser or to the purchaser's agent or carrier, and payments hereunder shall be based upon the net price received therefor Irom the purchaser. Oil shall be graded and measured in accordance.wilh applicable rules, regulations, or standards generally accepted In the industry. In the event that the Company is' the purchaser of such oil, settlements therefor shall be based upon the Company's posted price for similar oil in the field where produced and in of lect on the date of delivery, or if no posted price is then in elf ect, settlements shall he based upon the then prevailing market price on the date of delivery thereof in the field where produced. If the oil is purchased by the Company and resold to another purchaser accepting delivery thereof on the premises, settlements hereunder shall be based on the net price received therefor by the Company. The Company may deduct from any price received for the oil the reasonable costs of transporting and/or treating the same if incurred. 2. Natural gas, including casinghead gas if marketed with gas well gas, shall be delivered and sold to and become the property of the pipeline company to whom the gas is agreed to be sold by the Company. Settlements to the undersigned shall be based upon the terms, conditions, and prices for said gas as agreed to with the pipeline company less any costs of treatment, compression, transmission, or dehydration thereof which are paid by the Company. 3. Oil and natural gas produced and sold from the premises Is or may become subject to orders of certain regulatory authorities who could vary the terms of any agreement for the production or sale thereof. To the extent that such orders do modify or change current sales or production arrangements, the provisions thereof, as well as the provisions hereof, shall be so modified accordingly. 4. Settlements hereunder for oil and gas shall be made monthly by the Company mailing or delivering its check to the undersigned at the address indicated in an amount, less taxes required to be withheld, calculated in accordance with the schedule of interest as herein contained. Settlements shall be mailed no later than the 25th day of each month for oil and/or gas taken or sold during the second preceding calendar month. If at any settlement date the amount payable to any of the undersigned shall be less than Twenty-five Dollars 15251, the Company may defer such payment and make payment when such settlement amount has accumulated to Twenty-five Dollars ($25) but, in any event, not less than annual intervals. 5. The undersigned individually warrant that they are the owner of their respective interest as herein set forth and that in the event of an adverse claim made thereto or in the event ownership of the undersigned's interest is not substantiated by record examination, the Company may retain any and all settlements due therefor, without interest, until such claim or ownership of the interest is settled, fully adjudicated or otherwise determined, or until the Company is adequately indemnified therefor by the parties CEO/e17 ' claiming such interest. The Company may, at any time, require the undersigned to furnish proof of its title to its Non interest, inrtudinq abstracts of title or other pertinent records or documents. 940854 • • • B. The undersigned shall notify the Company of any change in the ownership of their interest, and the Company shall not be liable for, nor shall it be required to recognize, any change in ownership unless and until the Company shall actually receive a certified copy of the instrument changing such interest and the transferee thereof executes and returns to the Company such transfer order or amended division order as the Company may reasonably require. In no event shall the Company be requited to give effect to any change of interest of the undersigned poor to the first day of the calendar month next following the month in which the Company is notified of such change, regardless ul the eflective date ul the instrument transferring the same. 7. The undersigned hereby represent, want to, and agree with the Company that the interest of the undersigned and of the Company in and to the oil and gas which has or which may be produced front the premises is in lull force and effect and that all payments required to be made and all acts required to be done by the Company with respect thereto have been performed. The undersigned hereby releases the Company from any and all claims and damages arising from the purchase and handling of oil or gas tram the premises and for making any payments for settlements so long as the same are made in accordance with the terms of the division of interest schedule set forth on Exhibit 'A'. B. In the event that the area or well described above, or any part thereof, is included in one or more pooled or unitized units now or hereafter formed by order of any appropriate governmental authority by agreement or otherwise, the undersigned and the Company recognize and agree that settlement for oil and gas shall be made in accordance with the production allocated to the premises above described without the necessity for the execution of additional on supplemental division orders. To the extent that the premises as described above constitute a previously pooled or unitized area, the same is hereby ratified. 9. The provisions hereof shall be binding upon and inure to the benefit of the Company and the undersigned, their respective heirs, successors, administrators, and assigns. No change in the ownership of any interest herein described shall have the effect of changing the binding nature hereof. This instrument may be executed in counterparts with each counterpart considered to be a binding agreement of the signatories thereto; and all counterparts, as executed, shall be considered to be one instrument. 10. Should it be determined from time to time by the courts, any governmental agency having jurisdiction, or the Company and the purchaser of production, that the prices or allowances, if any, being paid to the Company and the amounts being disbursed to the undersigned are in excess of lawful prices or prices agreed to with the oil or gas purchaser, and a refund is then required, you agree to promptly refund such excess amounts so paid to you, including interest thereon, if required. Additionally, the Company shall have the right to recover such excess amounts out of luture settlements hereunder to which you are entitled. WHEREFORE, the undersigned have executed this Division Order in acknowledgment and consent to the foregoing terms, warranties, and agreements. Wit ss Sign Be Owner Sign Below: SS No. or Tax ID No. ATTEST: /V � • 84-6000813 CL TO W. H. STER 09/14/94 BY: _ CHAIRMAN DEPUTY CLE TO BOAY.B- WELD COUNTY BOARD OF COMMISSIONERS P,O, BOX 758 GREELEY, CO 80632 IMPORTANT: TO AVOID DELAY IN PAYMENT, YOUR CURRENT ADDRESS AND SOCIAL SECURITY NUMBER OR TAX ACCOUNT NUMBER MUST BE SI IOWN 2407445 B-1460 P-240 09/20/94 04:48P PG 2 OF 3 • 940854 EXHIBIT"A" 05007211-EMANCIPATOR 22-09 OIL AND/OR GAS DIVISION ORDER DECIMAL INTEREST NAME AND ADDRESS OWNER NO. INTEREST TYPE WELD COUNTY COLORADO 6413 0.00562500 C/O BOARD OF CTY COMMISSIONER 915 10TH ST GREELEY CO 80632 HAROLD E k DORIS A RICE 7414 0.00867190 2021 7TH AVENUE GREELEY CO 80631 JAMES W RICE 8713 0.00867190 2323 8TH AVE GREELEY CO 80631 ROBERT L SAPPINGTON 8714 0.03393750 27516 WCR 54 1/2 KERSEY CO 80644 RLLA HORN 8715 0.00707030 1153 25TH AVENUE GREELEY CO 80631 LOUISE M DORSEY 8716 0.00707030 416 CHEYENNE,AVE CO 80615 HELEN SOKAL 8717 0.00707030 P O BOX 760 CRIPPLE CREEK CO 80813 WILLIAM J BOND JR 8718 0.00707030 7852 ADWEN ST DOWNEY CA 90241 WAYNE LEDFORD 8719 0.04546880 198 N 3700 E RIGBY ID 03442 DELETED INTEREST OWNER 99999 BRENDA L RAYMAN 725 0.00250000 0 1025 E NOKOMIS CIRCLE KNOXVILLE TN 37919-6700 PARKER S PARSLEY DEVELOPMENT 1891 0.00277500 0 CORPORATION P O BOX 890245 DALLAS TX 75388-0245 PAUL MENDELL 3098 0.00750000 0 1801 E GIRARD SUITE 169 ENGLEWOOD CO 80111 HS RESOURCES INC 9832 0.06656870 0 F/K/A ENERGY MINERALS CORP 1999 BROADWAY SUITE 3600 DENVER CO 80202 GERRITY OIL 4 GAS CORPORATION 10 0.79000000 4100 E MISSISSIPPI AVE SUITE 1200 DENVER CO 80222 1.00000000 2407445 B-1460 P-240 09/20/94 04:48P PG 3 OF 3 PAGE 1 940854 Hello