Loading...
HomeMy WebLinkAbout910615.tiff RESOLUTION RE: APPROVE STIPULATION OF INTEREST AND AGREEMENT FOR SETTLEMENT OF CLAIMS WITH FINA OIL AND CHEMICAL COMPANY 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 is a defendant in a case filed in the Weld District Court, Case 88-CV-290, regarding the ownership of the Oil and Gas Lease Hold Estate underlying property described as: Township 8 North, Range 58 West, of the 6th P.M. , Weld County, Colorado, Section 6: NW,'-,,NiSW*, SWeSW!, also described as Lots 8, 9, 10, 11, 12, 13, and 14, in accordance with a resurvey plat dated April 18, 1919, and WHEREAS, the parties to said action have determined that a stipulation as to the ownership interest of the parties to the action is in their individual best interest, and WHEREAS, the staff of the Weld County Attorney's Office has reviewed and has recommended approval of the Stipulation of Interest and Agreement for Settlement of Claims regarding said ownership interest, and WHEREAS, the Board therefore deems to advisable to authorize the Chairman's signature on said Stipulation of Interest and Agreement for Settlement of Claims. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the Chairman is authorized to sign said Stipulation of Interest and Agreement for Settlement of Claims for resolution of Case No. 88-CV-290, filed in the District Court, County of Weld, Colorado. 910615 LEO I9 t Page 2 RE: STIPULATION - FINA OIL The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 17th day of July, A.D. , 1991. D'744/400.44 BOARD OF COUNTY COMMISSIONERS ATTEST: � WELD COUN Y, LORADO Weld County Clerk to the Board SI/ Gord a y, airman /n/By: 1. (_T,1/2*K /1O Deputy Cler to the Board Geo e Kennedy, Pro-Tem APPROVED AS 0 FORM: cZXC,t_2 _ ''' Constance L. Harbert -71.-1!...... 4./e044-7 County Attorn y C. W. Kirby J �{� �jy� W. ��eb�V IV-� " " - V 910615 i S` DISTRICT COURT, COUNTY OF WELD, COLORADO Case No. 88-CV-290 STIPULATION OF INTEREST AND AGREEMENT FOR SETTLEMENT OF CLAIMS FINA OIL AND CHEMICAL COMPANY, Plaintiff, v. EWING INVESTMENT COMPANY, a general partnership, TEXACO, INC . , and HOMER E . NORTHUP, WELD COUNTY, COLORADO, ROBERT M. GILBERT, MILE HI OIL & GAS, INC . , COMMONWEALTH ENERGY ASSOCIATES, LP III , Defendants . THIS STIPULATION OF INTEREST AND AGREEMENT FOR SETTLEMENT OF CLAIMS was entered into the date and year hereinafter stated by and between Fina Oil and Chemical Company, having a primary place of business at 1601 Northwest Expressway, Suite 900, Oklahoma City, Oklahoma 73112 , hereinafter referred to as "Fina" ; the Board of County Commissioners of Weld County, Colorado, having their place of business as 915 Tenth Street, Greeley, Colorado, hereinafter referred to as "County" ; Ewing Investment Company, a general partnership, in c/o Melvin Dinner, 630 Greeley National Plaza, Greeley, Colorado, having its place of business in Weld County, Colorado, hereinafter referred to as "Ewing" ; Homer E. Northup, c/o Melvin Dinner, 630 Greeley National Plaza, Greeley, Colorado, hereinafter referred to as "Northup" ; Robert M. Gilbert, 1025 Ninth Avenue #309 , Greeley, Colorado, hereinafter referred to as "Gilbert" ; Commonwealth Energy Associates, LP III , having its place of business as c/o William L. Taylor, Registered Agent, 1 James Center, 906 East Carey Street, Richmond, Virginia 23219 , hereinafter referred to as "Commonwealth" and Mile Hi Oil and Gas , Inc . , having its place of business as c/o Howard L. Kennedy, Registered Agent, 3190 South Wadsworth Blvd. , Lakewood, Colorado 80227 , hereinafter referred to as "Mile Hi . " The parties may be referred to herein as the "parties" . The parties have conflicting claims to the oil and gas leasehold estate underlying the subject property described as : T8N, R58W, 6th P .M. , Weld County, Colorado, Section 6 : NWT , NISWi , SW;SW4 , also described as Lots 8 , 9 , 10 , 11, 12 , 13 and 14 , in accordance with resurvey plat dated April 18 , 1919 . vioo1 � RECITALS : I . Recitals : a . Fina claims an undivided interest in and to the oil and gas leasehold estate covering the subject lands . Fina ' s claim to an undivided interest in the oil and gas leasehold estate pertaining to the subject lands was based upon the following oil and gas leases : 1 . Oil and Gas Lease dated December 4 , 1985 , recorded at Book 1094 , No . 02035216 , Weld County, Colorado, records from Weld County in favor of Rio Grande Exploration Company, now owned by Fina . 2 . Oil and Gas Lease dated January 28 , 1988, recorded June 9 , 1988, in Book 1198 , No . 02144177 , the records of the Clerk and Recorder for Weld County, Colorado, from J. Chalmers Ewing for Ewing Investment Company, a partnership, to Fina Oil and Chemical Company, covering the subject lands . 3 . Oil and Gas Lease dated May 9 , 1988, recorded in Book 1201 , at Page 02146976 , of the records of the Weld County Clerk and Recorder, from Homer E . Northup and spouse to Fina Oil and Chemical Company, covering the subject lands . b . Defendant, Ewing Investment Company, claims an interest in and to the mineral estate underlying the subject lands by virtue of a deed dated January 10 , 1933 , from Gagan Land Corporation to Louise C . Ewing recorded in Book 942 , at Page 199 , of the records of the Weld County Clerk and Recorder. Defendant, Ewing Investment Company, has succeeded to the interest of Louise C . Ewing. c . Defendant, Homer E . Northup, claims an interest in the subject land by virtue of a Deed dated February 23 , 1932 , recorded in Book 929 , at Page 202 , of the records of the Weld County Clerk and Recorder from the Gagan Land Corporation to Homer E . Northup . Subsequent conveyances by Homer E . Northup retained the entire mineral estate in oil , gas , and other minerals to him. d. Defendant, Board of County Commissioners of Weld County, Colorado, claims an interest in and to the subject lands by virtue of property tax deed 910615 2 proceedings . The subject lands were assessed for taxation for the year 1931 by Weld County. Pursuant to that assessment, Tax Sale Certificate 2522 was issued on December 31 , 1932 , in favor of Weld County. The Tax Deed was issued by the Weld County Treasurer in favor of Weld County, dated May 15, 1939 , recorded in Book 1042, at Page 456 , of the records of the Clerk and Recorder of Weld County, Colorado. e . Defendant, Robert M. Gilbert claims an interest in and to the subject lands by virtue of a Treasurer ' s deed dated January 20, 1952 , recorded in Book 1324 , page 192 , of_ the records of the Weld County Clerk and Recorder from the Weld County Treasurer in favor of Robert M. Gilbert (a one- fifth interest) and Mel C. Bedinger (a one-fifth interest) . One-half of the interest of Mel C. Bedinger was conveyed through various mesne distributions and conveyances to Commonwealth (a one-twentieth interest) and to Mile Hi (a one- twentieth interest) . f . Mile Hi and ,Commonwealth claim an interest in and to the oil and gas leasehold estate underlying the subject lands by virtue of the following oil and gas leases and deeds : 1 . Oil and Gas Lease dated April 16 , 1987 , recorded in Book 1154 , No. 02097504 , of the records of the Weld County Clerk and Recorder from Robert M. Gilbert to Mile Hi Oil and Gas , Inc . This Oil and Gas Lease is presently owned by Commonwealth Energy Associates , LP III , and Mile Hi Oil and Gas , Inc . 2 . Oil and Gas Lease dated April 7 , 1987 , recorded in Book 1154 , No . 02097502 , of the records of the Weld County Clerk and Recorder from Lynne B. Mickel , formerly known as Lynne Bedinger Bergman, to Mile Hi Oil and Gas , Inc . This Oil and Gas Lease is now owned by Commonwealth and Mile Hi . 3 . Oil and Gas Lease dated April 7 , 1987 , from Barry Clay Bedinger to Mile Hi Oil and Gas, Inc . , recorded in Book 1154 , No . 02097503 . Barry Clay Bedinger ' s interests are currently held by Commonwealth and Mile Hi . This Oil and Gas Lease is now owned by Commonwealth Energy Associates , LP III , and by Mile Hi Oil and Gas , Inc . 910615 3 4 . Mineral Deed dated April 3, 1989 , from Dan T. Clark to Commonwealth Energy Associates-III , LP recorded in Book 1232, No. 02179846 , records of the Weld County Clerk and Recorder and effective May 16, 1988 . 5 . Mineral Deed recorded 12/14/90 from Daniel T. Clark to Mile Hi Oil and Gas, Inc . , recorded in Book 1285 , No. 2235977 , records of the Weld County Clerk and Recorder (effective September 30 , 1990) . g. That pending adjudication of matters in Case No. 88-CV-290, there has been deposited into the Registry of the Court into a suspense fund, the decimal interest amount of . 0879488 on the Northwest Quarter and West Half Southwest Quarter of Section 6 , Township 8 North, Range 58 West and . 0439963 on East Half Southwest Quarter of Section 6 , Township 8 North, Range 58 West of the 6th Principal Meridian, Weld County, Colorado, of the oil and gas proceeds which includes Lot 15 ( containing 40 . 03 acres) . Ownership of lot 15 ( Southeast Quarter Southwest Quarter of Section 6 , Township 8 North, Range 58 West) is not subject to dispute . h . A dispute exists between County, Gilbert, Ewing, Northup, Commonwealth and Mile Hi concerning present ownership of an undivided interest in and to oil , gas , and other minerals pertaining to the subject lands . Civil Action No. 88-CV-290 has been filed in the District Court of the County of Weld, State of Colorado, to determine the rights of these parties and other parties with respect thereto. i . The parties desire to settle the existing dispute between and concerning ownership of oil, gas , and other mineral rights underlying the subject lands , on the terms and subject to the conditions and covenants contained in this agreement . j . Defendant, Commonwealth Energy Associates LP III , has disclaimed any interest in the litigation to the extent said interests were in dispute as of May 31 , 1989 , but would retain any interest received through the Mineral Deed from Dan T. Clark dated April 3 , 1989 . k . Defendant , Mile Hi Oil and Gas , Inc . , has neither answered nor defended the Complaint or Amended Complaint . Mile Hi would retain any interests 4 910615 received through the Mineral Deed from Daniel T. Clark, recorded 12/14/90 . 1 . Texaco, successor to the Texas Company, has disclaimed, by stipulation and order herein, a claim to the interests in dispute. II . Covenants a . For the consideration described in Article I , above, and in further consideration of the mutual covenants and agreements provided for herein, and for Ten Dollars ( $10 . 00) and other good and valuable consideration, the parties do hereby agree to and adopt the terms and provisions contained herein. III . Stipulation of Interest. a . Ewing and Northup hereby waive and disclaim any interest and demise, grant, and convey any interest, including oil and gas , they claim in and to the subject mineral estate to Weld County, Gilbert, Commonwealth, Mile Hi and Fina . If requested by Fina to do so, Northup and Ewing will execute and deliver to Fina a recordable document in form and substance acceptable to Fina evidencing the intent, ratification, and conveyance provided for in this paragraph. b. The remaining funds in the suspense account covering Lots 8 through 15 of Section 6 , Township 8 North, Range 58 West, 6th P .M. , Weld County, shall be distributed in accordance with the following, subject to Paragraph III .c. herein: Owner Decimal Interest 1 . Weld County, Colorado : ( For production thru 9/30/90 ) . 8913690 ( For production after 9/30/90 ) . 8913690 2 . Robert M. Gilbert : (For production thru 9/30/90 ) . 0784559 ( For production after 9/30/90 ) . 066850 3 . Commonwealth: (For production thru 9/30/90 ) . 0116059 ( For production after 9/30/90 ) . 0116059 910615 5 4 . Fina Oil and Chemical Co . : (For production thru 9/30/90 ) . 0185692 (For production after 9/30/90 ) . 0185692 5 . Mile Hi : (For production thru 9/30/90) . 000 (For production after 9/30/90) . 0116059 Total in Suspense : (For production thru 9/30/90 ) 1 . 00000000 (For production after 9/30/90) 1 . 00000000 Said distribution is based upon Northup and Ewing ' s relinquishment of their claims and upon the disclaimer and default of Commonwealth (as to its working interest) , Mile Hi (as to part of its royalty interests and all of its overriding royalty interests ) , and Texaco . c . Prior to distribution of the suspense fund, there shall be assessed against the fund the sum of $3 , 200 . 00 for attorney' s fees to the stakeholder Fina, through its attorney, Dante L. Zarlengo, in full and final settlement for all such claims incurred during the course of this litigation . Payments to be charged to the parties share of the suspense fund as follows : Weld County $2 , 852 . 38 Gilbert $ 213 . 92 Commonwealth $ 37 . 14 Fina $ 59 . 42 Mile Hi $ 37 . 14 d. The Clerk of the Court is directed to dispense the sum of $6 , 700 . 00 to Northup and $1 , 300 . 00 to Ewing in full and final settlement of any claim each may have for ownership to the oil, gas , and mineral estate underlying the subject property including any claim of ownership or royalty interest . The payment shall be taken from the suspense fund prior to distribution of the proceeds and charged to the fund as follows : 6 910615 Weld County $7, 130 . 95 Gilbert $ 534 . 80 Commonwealth $ 92 . 85 Fina $ 148 . 55 Mile Hi $ 92 . 85 e. With respect to lots 8, 9 , 10, 11 , 12 , 13 & 14 , the oil and gas interests of the parties are determined as follows : MINERALS : OIL AND GAS ONLY Royalty Owner Interest Weld County, Colorado: (Thru 9/30/90 ) 3/5 (After 9/30/90 ) 3/5 Robert M. Gilbert : (Thru 9/30/90 ) 1/4 (After 9/30/90 ) 1/5 Commonwealth Energy Associates LP III (Thru 9/30/90 ) 1/20 (After 9/30/90) 1/20 Mile Hi Oil & Gas , Inc . : (Thru 9/30/90) 1/10 (After 9/30/90 ) 3/20 Overriding Royalty Owner 5% X 1/5 X Mile Hi Oil & Gas , Inc . 62 . 5% + 2% X 1/5 X 62 . 5% 7 910615 Working Interest Owner Fina Oil & Chemical Co . 608 Commonwealth Energy Associates LP-III 258 Mile Hi Oil & Gas , Inc. 158 f . The distribution of any further proceeds from Lots 8 through 15 under the leases described herein shall be as follows, accounting for Northup and Ewing ' s relinquishment of claim and the disclaimer and partial Default of Commonwealth and Mile Hi : DISTRIBUTION OF PROCEEDS Royalty (For production through 9/30/90) Owner Decimal Interest Weld County: (Lots 8-11 , 13 & 14 ) . 0783948 (Lots 12 & 15 ) . 0392169 Robert M. Gilbert : (Lots 8-11 , 13 & 14 ) . 0425488 (Lots 12 & 15 ) . 0212850 Commonwealth: (Lots 8-11 , 13 & 14 ) . 0062942 (Lots 12 & 15 ) . 0031486 Mile Hi Oil & Gas, Inc . : (Lots 8-11 , 13 & 14 ) . 0105470 (Lots 12 & 15 ) . 0052761 United States : (Lots 8-11 , 13 & 14 ) . 000 (Lots 12 & 15 ) . 0624689 Totals : (Lots 8-11 , 13 & 14 ) . 1377848 (Lots 12 & 15 ) . 1313955 8 810615 Royalty (For production after 9/30/90 ) Owner Decimal Interest Weld County: (Lots 8-11, 13 & 14 ) . 0783948 (Lots 12 & 15) . 0392169 Robert M. Gilbert : (Lots 8-11, 13 & 14 ) . 0362546 (Lots 12 & 15 ) - . 0181363 Commonwealth: (Lots 8-11 , 13 & 14 ) . 0062942 (Lots 12 & 15 ) . 0031486 Mile Hi : (Lots 8-11 , 13 & 14 ) . 0168412 (Lots 12 & 15 ) . 0084248 United States : (Lots 8-11 , 13 & 14 ) . 000 (Lots 12 & 15) . 0624689 Totals : (Lots 8-11 , 13 & 14 ) . 1377848 (Lots 12 & 15 ) . 1313955 Overriding Royalty Owner Decimal Interest Mile Hi Oil and Gas , Inc . : (Lots 8-11 , 13 & 14 ) . 0073828 (Lots 12 & 15) . 0036932 D & J Trust : (Lots 8-11 , 13 & 14 ) . 000 (Lots 12 & 15 ) . 0249876 Texaco, Inc . : (Lots 8-11 , 13 & 14 ) . 0075000 (Lots 12 & 15 ) . 0037518 Totals : (Lots 8-11 , 13 & 14 ) . 0148828 (Lots 12 & 15 ) . 0324326 9 910615 Working Interest Owner Decimal Interest Fina Oil and Chemical : (Lots 8-11, 13 & 14 ) . 5175707 (Lots 12 & 15 ) .2589147 Commonwealth Energy Assoc . , LP-III : (Lots 8-11, 13 & 14 ) . 2026367 (Lots 12 & 15) . 1013689 Mile Hi Oil and Gas, Inc . : (Lots 8-11 , 13 & 14 ) . 1271250 (Lots 12 & 15) . 0635942 Eagle Exploration: (Lots 8-11, 13 & 14 ) . 000 (Lots 12 & 15 ) . 4122941 Totals : (Lots 8-11 , 13 & 14 ) . 8473324 (Lots 12 & 15 ) . 8361719 GRAND TOTALS : (Lots 8-11 , 13 & 14 ) 1 . 0000000 (Lots 12 & 15) 1 . 0000000 g . Fina may rely upon the terms and provisions of this Stipulation of Interest and Agreement for Settlement of Claims in distribution of proceeds from the sale of oil or gas produced from the subject lands . Fina is hereby released and discharged from any and all claims , debts , actions or liability incurred by or relevant to the payment of production proceeds in the manner described in this document . The parties agree to execute such additional instruments as Fina may reasonably request to facilitate future distribution of proceeds . The parties ratify and approve the payment of production proceeds heretofore made by Fina insofar as such payments pertain to the interest in dispute as described in this action. 10 91G615 IV. General Provisions a. This Agreement shall be deemed a covenant running with the land and shall be binding upon the parties, their heirs, successors , and assigns , and on future owners of any interest in the subject lands created by, through, or under the parties hereto. b. The parties agree to execute and deliver such other and further instruments as may be necessary or appropriate to evidence and implement the intent expressed herein. c . This Agreement is subject to approval of Weld County District Court pursuant to Action No. 88- CV-290 to the extent required by the Colorado Rules of Civil Procedure. d . This Agreement contains and constitutes the entire agreement between the parties . There are no oral or written representations , agreements , or statements between the parties relative hereto which the parties intend to be effective that are not contained in this Agreement . All such prior communications are deemed merged into the terms and provisions thereof . This Stipulation addresses title to the mineral interests and net royalty interest but is not intended to address any issues regarding the value of the proceeds from the subject properties . e . Each party represents and warrants : 1 . That it presently owns an interest in the subject land to the extent represented by the documents described in and the recitals contained in Article I , above, and that that interest has not been conveyed, pledged, mortgaged, encumbered, or otherwise assigned to any other party. 2 . Each party has the authority to enter into the terms and provisions of this Agreement and the executing party is authorized to do so . 3 . This Agreement is within the power of each party to execute and deliver, and is a binding legal obligation of the party. 910615 11 f . The parties jointly move for the entry of default against Defendant Mile Hi Oil and Gas , Inc. , covering part of its interests herein as no response or entry of appearance has been made and service has been made on the Defendant. Attached is an Affidavit pursuant to Rule 121, Section 1 - 14 (b) , in support thereof . WHEREFORE, the parties hereto respectfully request that this Stipulation be made an Order of Court, that this matter be dismissed with prejudice following disbursement of the suspense fund with each party to pay its own, except as otherwise set forth herein. FINA OIL AND CHEMICAL COMPANY // BY: �! u_� r Ri.char C. Linn ey Title: Attorne -in-Fact June 7, 1991 Date Signed State of Oklahoma ) ss County of Oklahoma ) The foregoing STIPULATION OF INTEREST AND AGREEMENT FOR SETTLEMENT OF CLAIMS was acknowledged to me this 7th day of June , 1991 , by Richard C. Lindley as Attorney-in-Fact of Fina Oil and Chemical Company. '1' LW#p'ness my hand and official seal . Pa-<`I •E A L) a •s • %% F" ' • a '� • utr ••.. O,rt Asc Jeania Luber • - My commission expires : May 23, 1993 12 91.`615 DISTRICT COURT, COUNTY OF WELD, COLORADO Case No. 88-CV-290 AFFIDAVIT IN SUPPORT OF MOTION FOR DEFAULT JUDGEMENT FINA OIL AND CHEMICAL COMPANY Plaintiff, v. EWING INVESTMENT COMPANY, a general partnership, TEXACO, INC. , and HOMER E . NORTHUP, WELD COUNTY, COLORADO, ROBERT M. GILBERT, MILE HI OIL & GAS, INC . , COMMONWEALTH ENERGY ASSOCIATES, LP III , Defendants . I , Lee D. Morrison, Assistant County Attorney, being first duly sworn upon oath, depose and state as follows : 1 . The Affiant is Counsel for Defendant, Weld County Board of County Commissioners . 2 . That I have personal knowledge of this matter. 3 . To the best of my knowledge, Mile High Oil and Gas Inc . is a corporation and not an infant, an incompetent person, an officer or agency of the State of Colorado, or capable of being in military service. 4 . That venue is proper in the County of Weld, as the real property which is the subject of this action is located in the County of Weld, and the place of business of the Defendants , the Board of County Commissioners of Weld County, Colorado, Ewing Investments, and Robert Gilbert, is the County of Weld . 910615 FURTHER, Affiant sayeth naught. WELD COUNTY, COLORADO THOMAS O. DAVID WELD COUN Y ATTORNEY • 0 L E D. MORRISON #8067 As t. Weld County Attorney 915 Tenth Street P.O. Box 1948 Greeley, Colorado 80632 ( 303 ) 356-4000, Ext . 4391 SUBSCRIBED AND SWORN to before me this t k- day of _J (-La .4_\ , 1991 . WITNESS my hand and official seal .LinfNotary Pub lc � t My commission expires : �Y MY commission EXPIRES JUNE S. 1994 AFFINA.CGT 910615 LAW OFFICES OF DANTE L. ZARLENGO By: AA/ DANit‘ ZARLEN #2 93 1801 Broadway, Suite 1600 Denver, Colorado 80202 ( 303) 295-7357 Attorney for FINA OIL AND CHEMICAL COMPANY, Plaintiff BOARD OF COUNTY COMMISSIONERS OF WELD COUNTY, COLORADO By: T e : irman 7 /967/ ATTEST: /'�W 404% Date Signed/ WELD COUNTY CLERIC TO THE BOARD State of ) BY: �4� (AT) ss DEPUTY CL C TO HE BOARD County of ) The foregoing STIPULATION OF INTEREST AND AGREEMENT FOR SETTLEMENT OF CLAIMS was acknowledged to me this day of , 1991 , by as , Chairman of the Board of County Commissioners of Weld County, Colorado . Witness my hand and official seal . ( S E A L) Notary Public My commission expires : 9106.15 13 THOMAS O. DAVID WELD COUNTY ATTORNEY By: LEE D. MORRISON #8067 Assistant County Attorney 915 Tenth Street P. O. Box 1948 Greeley, Colorado 80632 ( 303 ) 356-4000, Ext. 4391 Attorneys for WELD COUNTY, COLORADO, Defendant COMMONWEALTH ENERGY ASSOCIATES, LP III By: Title : Date Signed State of ) ) ss . County of ) The foregoing STIPULATION OF INTEREST AND AGREEMENT FOR SETTLEMENT OF CLAIMS was acknowledged to me this day of , 1991 , by as of Commonwealth Energy Associates, LP III . Witness my hand and official seal . ( S E A L) Notary Public My commission expires : 14 91'615 THOMAS W. NIEBRUGGE #8418 1665 Grant Street Denver, Colorado 80203 ( 303) 830-7127 Attorney for Commonwealth Energy Associates , LP III MILE HI OIL AND GAS, INC . By: Title: Date Signed State of ) ) ss . County of ) The foregoing STIPULATION OF INTEREST AND AGREEMENT FOR SETTLEMENT OF CLAIMS was acknowledged to me this day of 1991 , by as of Mile Hi Oil and Gas , Inc . Witness my hand and official seal . ( S E A L) Notary Public My commission expires : 910615 15 EWING INVESTMENT COMPANY 4 1 By: 4 LJ»u vi Title: Partner June 21 , 1991 Date Signed State of Arizona ) ss County of Maricopa ) The foregoing STIPULATION OF INTEREST AND AGREEM NT FOR SETTLEMENT OF CLAIMS was acknowledged to me this 6z/..y.-r— day of K 1 tt ✓IC , 1991 , by J . Chalmers Ewing; as Parrnar of Ewing Investment Company. ' .Witness my hand and official seal . (S E" A L) O :, Notary Public My commission expires : MyConmissbnEpreaM431,1995 DINNER, HELLERICH AND LAZAR By: Vki21-4-4-4- 4--1--t-4-4..-m MELVIN DINNER #592 630 Greeley National Plaza Greeley, Colorado 80631 ( 303) 352-2081 Attorneys for EWING INVESTMENT COMPANY, Defendant 16 SiC6 5 HOMER E . NORTHUP 716 9U-ey /99 / Date Signed State of Ne_P-&d.e) ) ss County of ) The foregoing STIPULATION OF INTEREST AND AGREEMENT FOR SETTLEMENT OF CLAIMS was acknowledged to me this day of �7.41`) , 1991, by Homer E. Northup. Witness my hand and official seal . ( S E A L) ? N tary Public / c c C\PA, yf t ��.,/ ;�,frMy commission expires : "t (. " 49, /77/ ^f cc DINNER, HELLERICH AND LAZAR By: Lk.a--•-• MELVIN DINNER #592 630 Greeley National Plaza Greeley, Colorado 80631 ( 303) 352-2081 Attorneys for HOMER E . NORTHUP, Defendant 910615 17 • ROBERT M. GILBERT nALIC- ,u-..`- 47, / el-9/ Date igned State of e4Lo,A4A o ) ss County of LeJet3 ) The foregoing STIPULATION OF INTEREST AND AGREEMENT FOR SETTLEME OF CLAIMS was acknowledged to me this /J•"" day of , 1991 , by Robert M. Gilbert . Witness my hand and official seal . ( S E A L) Notary Public My commission expires : 6, / 793 WILLIAM H. SOUTHARD ATTORNEY AT LAW WILLIAM H . SOUTHARD #1223 309 United Bank Building 1025 9th Avenue Greeley, Colorado 80631 ( 303 ) 353-1292 Attorney for ROBERT M. GILBERT, Defendant 91 615 18 CERTIFICATE OF MAILING The undersigned hereby certifies that a true and correct copy of the foregoing STIPULATION OF INTEREST AND AGREEMENT FOR SETTLEMENT OF CLAIMS was placed in the United States mail , postage prepaid, addressed to : Richard H. Bate, Esq. 600 17th Street Suite 420 South Denver, CO 80202 - DATED this day of , 19 SFINAOIL. RMM 91.0615 19 c� OFFICE OF COUNTY ATTORNEY PHONE(303)356-4000 EXT. 4391 P.O. BOX 1948 '‘ GREELEY,COLORADO 80632 I C. July 26 , 1991 COLORADO Thomas Niebrugge 1665 Grant Street Denver, CO 80203 RE : Fina Oil and Chemical Co. , v. Ewing Investment Co. , et al . Dear Mr. Niebrugge: I am sending you a copy of a Stipulation of Interest and Agreement for Settlement of Claims in the Fina Oil v. Ewing Investment case. This agreement was some time in the making and all parties , except for your client and Mile Hi Oil and Gas Incorporated (who would appear to be in default) , have executed the agreement . You have previously entered a Disclaimer as to any of the disputed interests without waiving any claim to the extent interests are not in dispute. I believe that the Stipulation fairly reflects Commonwealth Energy Associates continued royalty interests of one- twentieth ( 1/20 ) and working interest of 25 percent . Evaluation of the amounts in the suspense account indicate that, despite your disclaimer, Commonwealth is entitled to . 0116059 decimal interest in the disputed proceeds in the suspense account which are currently in excess of $100 , 000 ; $37 . 14 for a share of the attorneys ' fees for the stakeholder and $92 . 85 for settlement with the Plaintiffs will be deducted prior to distribution. Please contact me as soon as possible so that I can make arrangements for obtaining your signatures on the Stipulation if you believe it to be appropriate. Thank you for your attention to this matter. Yours truly,.t12d1A4A2(7: Le D. Morrison Assistant Weld County Attorney LDM: rm Enc . xc : Melvin Dinner (w/o Enc . ) Robert M. Gilbert (w/o Enc . ) Dante L . Zarlengo (w/o Enc . ) Clerk to the Board (w/o Enc . ) 910615 . Hello