Loading...
HomeMy WebLinkAbout941159.tiff • AR2vl?vnD RESOLUTION RE: APPROVE CRUDE OIL DIVISION ORDER TO FRONTIER OIL AND REFINING COMPANY 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 a Crude Oil Division Order to Frontier Oil and Refining Company, 1700 Lincoln, Suite 2100, Denver, Colorado 80203, and WHEREAS, said Division Order covers land more particularly described as follows: Township 6 North, Range 66 West, 6th P.M. Section 26: NE 1/4 SW 1/4 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 Crude Oil Division Order to Frontier Oil and Refining Company, 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. 2417480 B-1469 P-847 12/01/94 04:27P PG 1 OF 2 EC DOC Weld County CO Clerk & Recorder 0.00 941159 LE0070 Cam. ; FiPoNT/EK. DIVISION ORDER - NE 1/4 SW 1/4, S26, T6N, R66W PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 21st day of November, A.D., 1994. BOARD OF COUNTY COMMISSIONERS ga/ATTEST: WELD COUNTY COLORADO Weld County CIePk a%'Ord Ix fFV u' ""t,/ W. H. Webster, Ch irman BY: ; )4 Deputy CI to the Board Dale K. Hall, Pro-Te APPROVED AS TO FORM: eorge Baxter ounty y Attornly Constance L. Harbert EXCUSED Barbara J. Kirkmeyer 2417480 B-1469 P-847 12/01/94 04:27P PG 2 OF 2 941159 LE0070 • FRONTIER OIL AND REFINING COMPANY AR24 ' V7g " CRUDE OIL DIVISION ORDER a Date: November 10. 1994 Lease No: CO - 364 Contract No: 9402-012P Operator: Francis Energv, Inc. Prepared By: Camille Jacobs TO: Frontier Oil and Refining Company 1700 Lincoln, Suite 2100 _ I � �109 � /] �] Denver, Colorado 80203 Apt 0 ✓C !/I The undersigned, and each of them, guarantee and warrant that they are the legal owners in the proportions set out below of all the oil, condensate and/or other hydrocarbons produced from the PAYNE NO. 2-26 described as: TOWNSHIP 6 NORTH. RANGE 66 WEST Section 26: NE/4 SW/4 - in 'WELD County, State of COLORADO, and commencing at 7 a.m. on the 1ST day of OCTOBER, 1994, and until further written notice either from you or us, you are authorized to receive oil therefrom, giving credit as directed below: OWNER NO CREDIT TO DIVISION/I{QVD OF INTEREST 2415 Payne, Inc. . 18744230 RI 2118 N. 47th Avenue Greeley, Colorado 80632 2313 Weld County Board of Commissioners .00168260 RI 1400 N. 17th. Avenue Greeley, Colorado 80631 2416 Adam C. Buna .01029170 OR c/o First Bank of Boulder 8500 Lockout Road Boulder, Colorado 80302 - 3303 2417 Robert L. Childers .01029170 OR P. O. Box 756 Greeley, Colorado 80632 2418 Nicholas D. Francis .01029170 OR - . P. O. Box 2331 Greeley, Colorado '80632 2420 FEI- Payne Joint Venture .78000000 WI c/o Francis Energy, Inc. P. O. Box 2331 Greeley, Colorado 80632 INDEMNITY: THE UNDERSIGNED AGREES TO HOLD YOU HARMLESS FROM ALL LOSS , COST, EXPENSE OR DAMAGE YOU MAY INCUR BY REASON OF YOUR MAKING PAYMENT AS HEREIN PROVIDED, AND TO DEFEND IN YOUR NAME ANY SUITS WHICH MAY BE BROUGHT AGAINST YOU BY ANY PARTIES ASSERTING ANY INTEREST OR CLAIM TO THE OIL SOLD HEREUNDER OR ITS PROCEEDS , AND TO PAY ALL COURT COSTS, ATTORNEY' S FEES AND INTEREST IN CONNECTION THEREWITH. THE COVENANTS APPEARING ON THE REVERSE SIDE HEREOF ARE ALSO PART OF THIS DIVISION ORDER AND SHALL BE BINDING ON THE UNDERSIGNED, THEIR SUCCESSORS, LEGAL REPRESENTATIVES, AND ASSIGNS : NOTICE: The U .S. Internal Revenue Service requires that owners furnish their Social Security or Employer Identification Number . Please insert this number in the space below the signature Line. Read the terms on the back before signing below. If executing on behalf of a corporation, indicate your official capacity, impress the corporate seal , and have your signature attested by the secretary of the corporation. Signature of Two Signature of Hall Check To The g Owner Following Address Witnesses/Attest (Please Print or Type) ATTEST : L / �1�� ! L/A 97-p / PO Box 758 Clerk to the Board By: W. H . Webster , Chairman '1 •. np /n� y� Title: Board of Commissioners Greeley , CO 80632 BY :C jy�k�(U IJ I Lt1l .Qon 84-6000819 (((U��� Social -600081 Security/Employer ID Number (n/ /94) 2417479 B- 1469 P-846 12/01 /94 04 : 27P PG 1 OF 2 REC D0C Weld County CO Clerk & Recorder 0 . 00 941159 2 FIRST:The oil received and purchased hereunder shall become your property as soon as the same is received into your custody or that of any carrier designated by you. SECOND: The oil received and purchased hereunder shall be delivered F.O.B. to any carrier designated by you which gathers and receives said oil, and you agree to pay for such oil to the respective owners according to the division of interest above specified at the price posted for oil of the same grade and gravity in the same producing field on the date said oil is received by you. If the oil should be sold by you to another purchaser accepting delivery thereof at the lease tanks, settlement therefor shall be based upon the price received by you for such oil and upon the volume computation made by such purchaser. THIRD:Quality and quantity shall be determined in accordance with the conditions specified in the price posting. You may refuse to receive any oil not considered merchantable by you. FOURTH:Settlements and payments shall be made monthly for oil received and purchased during the preceding month, by check mailed to the respective parties at the address above given, for the amount of such purchase price due said parties respectively, less any taxes required by law to be deducted and paid by you as purchaser. If at any settlement date the amount payable to any party hereunder shall be less than twenty-five dollars ($25.00) per month, settlement may be made annually, without interest. FIFTH: Satisfactory abstracts or other evidence of title will be furnished you at any time on demand. In the event of failure to furnish such evidence of title, or in the event of any dispute or question at any time concerning the title to said land and/or the oil produced therefrom, you are authorized to withhold the proceeds of all oil received and run, without interest, until such dispute, defect or question of title is corrected or removed to your satisfaction, or until indemnity satisfactory to you has been furnished; and in the event any action or suit is filed in any court affecting the title to the land above described or the oil produced therefrom, to which any of the undersigned is a party, written notice of the filing of such suit or action shall be immediately furnished you by the undersigned, stating the court in which the same is filed and the title of such suit or action. You will not be responsible for any change of ownership in the absence of actual notice and satisfactory proof thereof. You are hereby relieved of responsibility for determining if and when any of the interests hereinabove set forth shall revert to or be owned by others as a result of the completion or discharge of any payment or the termination of any estate or disability. SIXTH: This Division Order shall become valid and binding on each and every owner above named as soon as signed by him or her regardless of whether or not any of the other above named owners have so signed; and in consideration of the purchase of oil hereunder, consent is hereby given to you and/or any pipeline company which you may cause to connect with the wells and/or tanks on said land, to disconnect and remove such pipelines, in case of termination by either you or us of purchase under this Division Order. Any change in interest or ownership shall be effective as to Purchaser on the first day of a calendar month, following date of receipt. SEVENTH: Working Interest Owners and/or Operators who sign this Division Order, and each of them, guarantee and warrant, for your benefit and that of any pipeline or other carrier designated by you to run or transport said oil, that all oil tendered hereunder has been or will be produced in accordance with applicable laws and official rules and regulations. Royalty Owners who sign this Division Order recognize as valid and subsisting in full force and effect all oil and gas leases of record held by the within named Working Interest Owners, which cover or purport to cover Royalty Owner's interest in the above described lands as well as any unit and the same are hereby ratified, adopted and confirmed. Insofar as necessary to effect the purposes of this provision, this instrument shall be construed as containing words of present grant. 2417479 B-1469 P-846 12/01/94 04:27P PG 2 OF 2 941159 Hello