HomeMy WebLinkAbout940804.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 32: SISEk (Codell)
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
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.
940804
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DIVISION ORDER - S;SE,' 532, T5N, R66W
PAGE 2
The above and foregoing Resolution was, on motion duly made and seconded,
adopted by the following vote on the 29th day of August, A.D. , 1994.
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BOARD OF COUNTY COMMISSIONERS
ATTEST: WELD COUNTY, COLORADO
Weld County Clerk to the Board /'{ /$ç/
�iti-1/�/7 , hai an
BY: / �'L.di�hC - ti,.�, �A
Deputy erk to the BgaLl... DaleeQK. Hall;- em
APPRO AS TO FOR . rif _.
//G/Leorge'E. Baxter
P
ounty Att rney on tance L. Harbert
Barbara J. Kirk yer
940804
SOCO - DIVI' )N ORDER (OIL & GAS)
MTh=
OIL w"otsntm wK2405332 0: 950328200100
Date: August 18, 1994 (RE)
To: Snyder Oil Corporation
Properties Management
777 Main Street, Suite 2500
Fort Worth, Texas 76102 Effective 7:00 A.M. Date of First Saks
Each of the undersigned hereby warrant that he/she is the owner of the Interest set out opposite Maher name in the oil produced from and in the proceeds of the
gas sold from or used off the lease or unit known as SPOMER 32-16H6 located in WELD County or Pariah,State of COLORADO ,which lease or urea
is described as follows:
Township 5 North.Renee 66 West
Section 32:S/2 SE/4
Codeu
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
WELD COUNTY COLORADO BOARD OF COUNTY COMMISSIONERS .0041738 (2)
Payee #: 30005223 P.O. BOX 758
GREELEY CO 80632
WORKING INTEREST - 1; ROYALTY INTEREST — 2; OVERRIDING ROYALTY INTEREST o 3
I.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
designated by you,the oil so received to be run and measured in accordance with customary pipeline rules and re
having recognized jurisdiction over or control of theproduction and iul•tlone including those of the governmental agency
handling of oil in such area.
2. The oil tun hereunder shall,on the terms herein stated,become your property immediately upon being received into your possession or the possession of your
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
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
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
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.
3. For gas sold and/or used by you off the lease or unit, seulemerda shall be based on the net market value at the well. For gas sold at the well,settlements shall
be based on the net sales price received by you.
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
given herein. The undersigned authorize you to withhold their proportionate share of all taxes now or hereafter imposed including without limitation all taxes imposed
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
of monthly accruals of amounts less than Twenty-Five Dollars($25.00).
5. Each of the undersigned hereby(1)warrants and gunmen 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 nun to his credit,or his intros in the net proceeds of the gee sold,or used off the property,or my past thereof,ages
to indemnity you against all adverse claims u to payments,and hereby authorizes you to retain all proceeds seeming to the undersigned without say obligation to
pay interest on the amount so withheld until the required indemnity shall have been furnished or until the dispose 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 even to other parties as a result of the completion
or discharge of money or other payments from said interests. his understood that any vendee or assignee of any interest in said property or the production thereof
than take subject to the terms hereof, and you shall not be bound by any oak 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 tall 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 expreasy 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.
S. This division oFdef may be executed in counterparts and shall be binding on and shall inure to the benefit of each signer hereto,his/bar heirs,successors,and
assigns,whether or . -- 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 �
R l /f,/ OWNERS SIGN/BELOW TAXPAYER NUMBER•
i / t t 84-6000813
ATTE T: (�1'lL•.• �PLa- • ".'r(f � a 8/iI 9
WELD r 5` /� W. WEBSTER '0 /
• a'c CHAIRMAN
BY �� "`�4�j WELD COUNTY BOARD OF COMMISSIONERS
D'PUTY
K w s ' , Addnu:P.O. BOX 758
GREELEY, CO 80632
his is your Social Security or Tax I.D.number as required by Federal Interns]Revenue Code. Failure to furnish owners's Social Security or Tax I.D.number
in the space above will resale in 31%withholding tax. This is in accordance with federal law and Tax withheld will not be refundable by Remitter.
2405332 B-1458 P-229 09/02/94 04:45P PG 1 OF 1 REC DOC
Mary Ann/Feuerstein Weld Co. , Clerk & Recorder 0.00 940804
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