HomeMy WebLinkAbout931740.tiff Apeel7b1s6 ' 0411.114.5000-
ASSIGNMENT
E 1428 FEC 023 5183 02/24/94 _5 . 29 $75 . 00 1/015
F 10.W MARY ANN ?EUERSTEI N & RECORDER WELD CO, CO
KNOW ALL MEN 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, CO 80202, hereinafter referred to as "Assignor" or as "Amoco",
hereby does assign, transfer and convey unto SOCO WATTENBERG
CORPORATION, whose address is 1625 Broadway, Suite 2 e ,--€0
80202, 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 ga-s leases described on Exhibit "A" (attached hereto and made a
part hereof for all purposes) , insofar as said leases cover 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 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 land being situated in Weld County, State of Colorado, (said
lease(s) and land insofar as said lease(s) cover the oil and gas
mineral rights lying in and under said land 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
March 18, 1992, by and between Assignee and Assignor, which by this
reference is made a part hereof and subject to the terms, covenants and
conditions herein set forth:
1. The lease acreage covered hereby is assigned by the
Assignor and accepted by the Assignee subject to the overriding
royalties, production payments, net profits obligations, carried
working interests and other payments out of or with respect to
production, which are of record and with which said lease acreage is
encumbered; and the Assignee hereby assumes and agrees to pay, perform
or carry, as the case may be, each of said overriding royalties,
production payments, net profits, carried working interests and other
payments out of or with respect to production, to the extent that it is
or remains a burden on the lease acreage herein assigned.
2. The Assignor hereby excepts and reserves unto itself, its
successors or assigns, the following overriding royalty:
(a) An overriding royalty of:
(1) Three and four-tenths percent of eight-eighths (3.4%
of 8/8ths) of all oil, distillate, condensate and other liquid
hydrocarbons produced and saved from said lease acreage under said
lease(s) , 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 option, to the credit of the Assignor into the
pipe line to which said well or wells may be connected;
(2) Three and four-tenths percent of eight-eighths (3.4%
of 8/8ths) 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 leases(s) , which shall be paid to the
Assignor free of costs and expense, except taxes on production.
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F 106_ 'BAR. ANN rEUERSTEIN CLERK & RECORDER WELD 00, CO
(b) A one percent of eight-eighths (1% of 8/8ths) working
interest.
3. With respect to the overriding royalty herein excepted and
reserved by the Assignor, the Assignor and the Assignee agree as
follows:
(a) That said overriding royalty shall extend to any
extensions or renewals of said leases(s) .
(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 is computed.
(c) That in the event said lease(s) or interest herein
assigned cover less than all the oil and gas mineral rights in and to
the land covered by this assignment, said overriding royalty as to such
lease(s) shall be proportionately reduced.
(d) 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 shall be proportionately reduced to such drilling
and spacing unit, i.e.- reduced in proportion to the Farmor's actual
pre-farmout working interest in the drilling and 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(s) 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:
Assignor: Amoco Production Company
P. O. Box 800
Denver, Colorado 80201
Assignee: At the address shown on Page 1 hereof.
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F 1062 MAR: ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO
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 and with each
transfer or assignment of said land 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 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
Farmee's operations.
12. Amoco Production Company 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 contracts as
set forth in that certain Farmout Contract effective March 18, 1992, by
and between Assignee and Assignor, as amended, 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 -:)( 1-4.- day of 4,C,-.c .h c-(.%-- , 1993, but
effective from the date of first production from the applicable earning
well located in the quarter section tract assigned herein.
AMOCO PRODUCTION COMPANY
•
By:
s Att ney-in-Fact
STATE OF COLORADO )
CITY AND ) ss.
COUNTY OF DENVER )
The f egoing instrument was acknowledged before me this u) day of
, 1993, by
Attorney-in-Fact for AMOCO PRODUCTION COMPANY, a Delaware corporation.
WITNESS my hand and official seal.
-t* 4..F C C� r /1C E7K"t1.i^4-
Notary Public
1670 Broadway a\)5 c��•,,
Denver, Colorado 80202 .� A. • ''s
My Commission expires: Q
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B 1428 RE-=" 02375188 02 / 24 / 9 : 15 : 29 $ 75 . 00 12 / 015
F 1071 MA_ ANN FEUERSTEIN CLARK & RECORDER WELD CC , CC
Lease Date : February 10 , 1972
Lessor : Fred B . Foreman
Lessee : Fred C . Julander
Recorded : 664/ 1586339
Lease No . : 609420C
Description : T2N - R68W , 6TH P . M .
1 Section 34 : NE/4 , except the north 1220 feet of
/ / � -' the NE/4 lying East of the Lower Boulder Ditch ;
SW/ 4 except Puritan Subdivision Containing 280
acres , more or less .
Lease Date : February 10 , 1972
Lessor : Mary Naomi Woolley
Lessee : Fred C . Julander
Recorded : 664/ 1586340
Lease No . : 609420E
Description : T2N - R6SW . 6TH P . M .
Section 34 : NE/ 4 , except the north 1220 feet of
� � �IC7 the NE/4 lying East of the Lower Boulder Ditch ;
SW/4 except Puritan Subdivision Containing 280
acres , more or less .
Lease Date : February 10 , 1972
Lessor : Thomas C . Woolley
Lessee : Fred C . Julander
Recorded : 664/1586341
Lease No . : 609420A
Description : T2N - R68W , 6TH P . M .
Section 34 : NE/4 , except the north 1220 feet of
1t1 the NE/4 lying East of the Lower Boulder Ditch ;
SW/4 except Puritan Subdivision Containing 280
acres , more or less .
`c-'Lease Date : October 28 , 1971
Lessor: Weld County , Colorado
Lessee : Amoco Production Company
Recorded : 659/ 1580925
Lease No . : 603535
Description : T2N - R68W . 6TH P . M .
3t 9lJ Section 34 : Lot 12 , Town of Puritan , deemed to
contain . 53 acre , more or less .
Lease Date : February 23 , 1972
Lessor : Usidro T . Comacho and Irene Z . Comacho
Lessee : John H . Hill
Recorded : 666/ 1588349
Lease No . : 611517
Description : T2N - R68W . 6TH P . M .
3fiSection 34 : Lot 10 , Puritan
/ "' containing . 50 acre , more or less
Lease Date : February 23 , 1972
Lessor : Manuel Alcala and Frances F . Alcala
Lessee : John H . Hill
Recorded : 666/ 1588350
Lease No . : 611516
Description : T2N - R68W . 6TH P . M .
3 / 9) -?) Section 34 : Lot 9 , Puritan
containing . 52 acre , more or less
Date : February 23 , 1972
Lessor: Hipolito Castilleja , Rosario Castilleja , and
Lorenzo Castilleja
Lessee : John H . Hill
Recorded : 666/ 1588351
Lease No . : 611518
Description - T2N - R68W_, 6TH P . M .
di// Section 34 : Lot 7 , Puritan
containing 1 . 25 acres , more or less
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