HomeMy WebLinkAbout940852.tiff RESOLUTION
RE: APPROVE OIL AND GAS DIVISION ORDER TO SNYDER OIL 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 Snyder Oil Corporation, Properties Management, 777 Main Street, Suite 2500,
Fort Worth, Texas 76102, and
WHEREAS, said Division Order covers land more particularly described as
follows:
Township 5 North, Range 66 West, 6th P.M.
Section 28: NE*NE*
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 Snyder Oil Corporation,
Properties Management, 777 Main Street, Suite 2500, Fort Worth, Texas 76102, 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.
940852
DIVISION ORDER - NE,'-,NE,'--„ 528, T5N, R66W
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.
ATTEST: nal BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, OLORADO
Weld County Clerk to the Board /'j A )2 PI/ C 1/
H.
W. H. Webster, hairman
BY:4-1 �
f V/ '�C
Deputy C eG ko the Board \ Daleyk. Hall, rq em
�� r/ � ,
APPROVED AS TO FORM: `°-.+ c-
lift Geo Baxter J� /
�'� CK 1,,4 /.1 Jr e�
Counntty�Attotney ��(( `'t Con tance L. Harbert /
Barbara J. Kirkme er O
940852
AR24t17 448
SOCO DIVIsiON ORDER (OIL & GAS)
SNYDER OIL CORPORATION #: 050071800200
Date: September 1, 1994 (JB)
To: Snyder Oil Corporation
Properties Management
777 Main Street, Suite 2500
Fort Worth, Texas 76102 Effective 7:00 A.M. Date of First Sales
Each of the undersigned hereby warrants that he/she is the owner of the Interest set out opposite his/her name in the oil produced from and in the proceeds of the
gas sold from or used off the lease or unit known as WIEDEMAN 28-1116 located in WELD County or Parish,State of COLORADO ,which lease
o or unit is described as follows:
•
140 Township 5 North,Range 66 West
7.' Section 28: NE/4 NE/4
Codell/Niobrara
Until further written notice,you are hereby authorized to give credit for all proceeds derived from the oil produced from and gas sold from or used off said off said
property as follows:
CREDIT TO ADDRESS DIVISION OF INTEREST
tv
v
P.. WELD COUNTY CLERK
TO THE BOARD .125000 (2)
Payee #: 18032 P.O. BOX 758
GREELEY, CO 80632
i 0 $.4
U WORKING INTEREST = 1; ROYALTY INTEREST = 2; OVERRIDING ROYALTY INTEREST = 3
0 •
G 1. Until further written notice you are authorized, for your own accounts,to receive such oil into your possession or the possession of any person or corporation
.�� U designated by you,the oil so received to be run and measured in accordance with customary pipeline rules and regulations including those of the governmental agency
0 2 having recognized jurisdiction over or control of the production and handling of oil in such area.
a)
h 3 2. The oil run hereunder shall,on the terms herein stated,become your property immediately upon being received into your possession or the possession of your
' C designated nominee;and you agree to receive the oil run hereunder and subject to the further provision hereof,to pay the respective owners therefor according to the
2. N division of interest herein indicated,either at your posted per barrel(42 gallons)field price for similar oil prevailing for the field where produced on the date of each
0 N respective run or if the oil purchased by a nominee the price to be paid shall be the same price received from such nominee,or if you do not post a price for such
.O Sa oil,the price to be paid shall be an agreed price, and in the absence of a pipeline connection all prices are subject to deduction of barging or trucking costs.
d3. For gas sold and/or used by you off the lease or unit, settlements shall be based on the net market value at the well. For gas sold at the well,settlements shall
he based on the net sales price received by you.
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4. Settlements and payments based on the prices set forth herein are to be made monthly by your checks mailed to the respective persons interested at the addresses
�h
,� given herein. The undersigned authorize you to withhold their proportionate share of ell tazee now or hereefler imposed including without limitation ell taxes impose
sd
rd upon the production,severance,and ad valorem. At your option you may hold,without interest,and remit annually for the aggregate of twelve months accumulation
N E of monthly accruals of amounts less than Twenty-Five Dollars($25.00).
5. Each of the undersigned hereby(1)warrants and guarantees the title to his interest in the oil and in the net proceeds of gas sold,or used off the property,and(2)
in case of an adverse claim or claims to the oil run to his credit,or his interest in the net proceeds of the gas sold,or used off the property,or any part thereof,agrees
to indemnity you against all adverse claims as to payments,and hereby authorizes you to retain all proceeds accruing to the undersigned without any obligation to
pay interest on the amount so withheld until the required indemnity shall have been furnished or until the dispute as to the ownership of the production involved is
settled. You are hereby relieved of any responsibility for determining when any of the interests herein set forth shall revert to other parties as a result of the completion
or discharge of money or other payments from said interests. It is understood that any vendee or assignee of any interest in said property or the production thereof
shall take subject to the terms hereof, and you shall not be bound by any sale or assignment of any interest in said property until written notice thereof shall be
furnished you in the form of the original or a certified copy of the instrument by which said sale or assignment was made. Regardless of the effective date of the
instrument of conveyance,all transfers shall be made effective as of 7:00 A.M.of the first day of a calendar month; and transfers shall not be made effective earlier
than the first day of the calendar month in which said written notice is received.
6. The word"OIL"as used herein is hereby declared to include all liquid hydrocarbons purchased hereunder, and the word "GAS' as used herein is hereby declared
to include all gaseous substances including oil well gas(casinghead gas).
7. The undersigned hereby expressly ratify and confirm the oil,gas and mineral lease or leases,pursuant to which oil and gas from the property is being produced
and sold,any amendments and supplements to such lease or leases including any designations,declarations or agreements creating the unit including the above described
property,if such be the case.
8. This division order may be executed in counterparts and shall be binding on and shall inure to the benefit of each signer hereto,his/her heirs,successors,and
assigns,whether or not it is executed by all parties named herein. This Division Order shall be binding on any and all infill wells drilled that cover the same spacing
unit and formation described herein.
N Y /�� OWN SIGN BELOW, TAXPAYER NUMBER•
ATTEST: Y j�Q ,� '��yp��( /- 84-6000813
L RK T BOARD W. . W BS ER, CHAIRMAN 79/14/94
BY: g_. (411-71 4.1 4 WELD COUNTY BOARD OF COMMISSIONERS
EPUTY CLE K TO t$ffRT P.O. BOX 758
Address:
GREELEY, CO 80632
*This is your Social Security or Tax I.D. number as required by Federal Internal Revenue Code. Failure to furnish owners's Social Security or Tax I.D. number
in the space above will result in 31% withholding tax. This is in accordance with federal law and Tax withheld will not be refundable by Remitter.
940852
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