HomeMy WebLinkAbout900675.tiff t � **-
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RESOLUTION
RE : GRANT EXTENSION OF OIL AND GAS TEASE TO PAN CANADIAN
PETROLEUM COMPANY
WHEREAS , the Board of County Commissioners of Weld County ,
Colorado , pursuant to Colorado statute and the Weld County Home
o u Pule Charter , is vested with the authority of administering the
affairs of Weld County , Colorado , and
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Q WHEREAS , Weld County , Colorado , is the holder of a certain
ow oil and gas lease currently held by Pan Canadian Petroleum Company
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which expires on August 5 , 1990 , and
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0 O WHEREAS , said lease covers land more particularly described
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is La Section 15 : NEi , SEi , SWi , Township 7
o x North , Range 63 West of the 6th P . M . , Weld
a� County , Colorado
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oz WHEREAS , Dean L . Cummins , on behalf of Pan Canadian Petroleum
„ w Company , submitted a request on July 30 , 1990 , that the Board of
ap H County Commissioners grant an extension of said oil and gas lease ,
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WHEREAS , pursuant to Weld County ' s policy concerning the
N z extension of oil and gas leases , Dean L . Cummins , on behalf of Pan
N < Canadian Petroleum Company , has submitted $ 3 , 081 . 87 , representing
›.4 one - third of the original bonus and $ 1 . 00 per acre rental , and
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N M WHEREAS , the Board deems it appropriate to extend said oil
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N and gas lease with Pan. Canadian Petroleum Company to , and until ,
"4 ° February 5 , 1991 .
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NOW , THEREFORE , BE IT RESOLVED by the Board of County
Commissioners of Weld County , Colorado , that the extension of the
oil and gas lease with Pan Canadian Petroleum Company , pertaining
to the above - described parcel_ , to February 5 , 1991 , be , and hereby
is , granted on this 6th day of August , 1990 , nunc pro tune , August
5 , 1990 .
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L ECG oSS 900675
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RE: EXTENSION OF LEASE - PAN CANADIAN PETROLEUM COMPANY
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The above and foregoing Resolution was, on motion duly made
Ng and seconded, adopted by the following vote on the 6th day of
A August, A.D. , 1990 , nunc pro tunc, August 5, 1990 .
0 3 ' GG� BOARD OF COUNTY COMMISSIONERS
oPGATTEST: katil WELD UNTY, COLORADO
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900675
DEAN L CUMMINS, Consultant
Certified Petroleum Geologist intt , .
Certified Professional Geologist 7. n
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- July 30, 1990
Clerk to the Board
Weld County Commissioners
Greeley, Colorado
Under the authority of that particular Resolution dated August 28, 1985 re Weld County's policy
for extending the terms of all mineral leases and incorporation of said policy in the administrative
manual, I hereby wish to apply for extension of Oil and Gas Leases on behalf of PanCanadian
Petroleum Company. I have entered into an agreement with PanC,anadian, as attested to by the
attached correspondence. As well as extending the the terms of the leases I wish to request
authority for PanCanadian to assign the leases to me.
There are two leases in question, identified as follows:
1. NE'/a, Si/NW'/a, SEi/a, SW'/a of Sec. 15 T7N R63W
as recorded in Book 1167, Rec. No. 02111298, containing 560 acres
2. All of Sec. 21 T7N R63W
as recorded in Book 1167, Rec. No. 02111299, containing 640 acres
Both of the above leases are dated August 5, 1987. Under the previously cited authority, I request
a 6 month extension of each lease. I attach two checks, one in the amount of $3,522.13, and the
second in the amount of $3,081.87. Each check includes one third of the original bonus for each
lease, plus the annual rental payment of$1 per net acre.
I thank you for your attention to this matter.
Yours truly,
./
<?lXCyy% r?�3s �E
Dean L. Cummins
DLC:dh
Ends.
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1223 28tn Avenue, Suite 1 '
Greeley, Colorado 80631
Phone: (303) 353-0214 Greeley ' I
(303) 659-3451
PanCanadian Petroleum Companyi
Telephone (713) 228.8285 Texas Commerce Tower, Suite 4545
600 Travis
Houston,Texas 77002
May 17, 1990
Dean Cummings
1223 28th Avenue
Greeley, Colorado 80631
Dear Dean:
Attached are copies of leases and other pertinent data for the
two leases we took from the Board of Weld County Commissioners.
These are the leases that expire August 5, 1990. Please note that
these leases require authorization to assign. You might want to
visit with Weld County about that prior to proceeding further.
The section 20 leases are fee and there are about eight (8)
of them. These leases don't expire until 1992 . When you are
closer to drilling a well on that section, let me know and I ' ll get
you copies.
Very truly yours,
r k E.S a 1, I
Regional Landman
FEM/pap
attachment:
3(. 0675
Head Office: PanCanadian Plaza, Calgary, Alberta Tel. (403) 290-2000, Telex 038.22625
DEAN L. CUMMINS, Consultant
Certified Petroleum Geologist
Certified Professional Geologist
March 15, 1990
PanCANADIAN PETROLEUM COMPANY
600 Travis - Suite 4545
Houston, TX 77002
Attention: Mr. Frank McGonagill
Re: Farmin Agreement - FOSSTON AREA
T7N, R63W, Weld County, Colorado
Dear Mr. McGonagill:
Pursuant to our conversation of this day, this letter is written to set forth our mutual
understanding of the subject farmin arrangement.
1. PanCANADIAN owns Weld County oil and gas leases in Sections 15, 20, and 21, T7N,
63W, with earliest expirations in August, 1990.
2. I propose to drill, or cause to be drilled, a well in either the SW'/a of Section 15, or the
NE1/4 of Section 21, the well being of sufficient depth to test the Cretaceous "J" Sand.
3. In consideration for the drilling of this proposed well, PanCANADIAN agrees to assign to
to me their leasehold right under the Section drilled, subject to the retention of a 5%
overriding royalty (assigning to me an 821/4% NRI).
4. In like manner, I shall have the privelege of earning the leasehold rights in each of the
other two Sections by the drilling of additional "J" Sand tests. PanCANADIAN shall
likewise retain a 5% overriding royalty interest.
If the above correctly recites your understanding of our verbal agreement, will you kindly so
acknowledge same as provided for herein below, and return a signed copy of this letter to this
office.
Your/ truly,
Dean L. Cummins
AGREED TO AND ACCEPTED this/feay of March, 1990.
PanCANADIAN PETROLEUM COMPANY
0 .4,76
rank McGonagill' 1223 28th Avenue, Suite 1
Greeley, Colorado 80631
Phone: (303) 353-0214 Greeley
(303) 659-3451 Denver
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