HomeMy WebLinkAbout930626.tiff RESOLUTION
RE: APPROVE REQUEST OF GERRITY OIL & GAS CORPORATION TO WAIVE BIDDING
PROCEDURE CONCERNING OIL AND GAS LEASE AND ACCEPT OFFER TO LEASE MINERAL
ACRES
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, Gerrity Oil & Gas Corporation, 4100 E. Mississippi Avenue, #1200,
Denver, Colorado 80222, has requested that the bidding procedure be waived
concerning an Oil and Gas Lease on the following described mineral acres:
Township 2 North, Range 68 West of the 6th P.M.
Section 12: A tract in SE}SEt described as East 50' of
the North 330' of the South 824' and also a tract in
SE;SE'n- described as East 50' of the South 494' and the
South 50' of the East 440'
Weld County, Colorado
WHEREAS, after review, the Board found that Gerrity Oil & Gas Corporation
did show good cause for waiving the bidding procedure on said Oil and Gas Lease,
and
WHEREAS, Gerrity Oil & Gas Corporation is offering to lease the above
described mineral acres, containing 1.3925 mineral acres, more or less, and
WHEREAS, the Board finds that the lease offer from Gerrity Oil & Gas
Corporation in the amount of TWO HUNDRED AND NO/100 DOLLARS ($200.00) , is
acceptable, with the further terms and conditions being as stated in said Oil and
Gas Lease, a copy being attached hereto and incorporated herein by reference.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado, that the request of Gerrity Oil & Gas Corporation, 4100 E.
Mississippi Avenue, #1200, Denver, Colorado 80222, to waive the bidding
procedure on an Oil and Gas Lease concerning the above described mineral acres,
be, and hereby is, approved.
BE IT FURTHER RESOLVED by the Board that the offer of Gerrity Oil & Gas
Corporation, as hereinabove stated, be, and hereby is, accepted.
930626
WAIVE BID PROCEDURE - GERRITY OIL & GAS CORPORATION
PAGE 2
The above and foregoing Resolution was, on motion duly made and seconded,
adopted by the following v to on the 19th day of July, A.D. , 1993.
BOARD OF COUNTY COMMISSIONERS
ATTEST: /� All WELD COUNTY, COLORADO
Weld County Clerk to the Board EXCUSED
Constance L. Harbert, Chairman
BY: l�/l/ '�/�l.J�t� �p� �{
Deputy Clerz to the d W. H. Webster, Pro-Tem �l_P -c
APPROVED AS TO FORM: EXCUSED DATE OF SIGNING (AYE)
.......-F SZ....2
George E. Baxter
ounty Itto ey K. Hall
Dal � etAia-elle/1-1
arbara J. Kirkmey
930626
AR2343633
--- WELD COUNTY OIL AND GAS LEASE
(Small Tract)
THIS AGREEMENT, made and entered into this 2nd day of Tune , 19 93, by and between WELD COUNTY,
COLORADO, a political subdivision of the Sate of Colorado acting by and through the Board of County Commissioners
of the County of Weld, c/o Weld County Centennial Center, 915 10th Street, Greeley, CO 80631, hereinafter called
Lessor, and:
Gerrity Oil & Gas Corporation
4100 Fact Micciccippi_ Ave. Suite 1200
Doily hereinafter called Less e. GO 80222
WITNESSETH, that Lessor, for and in consideration of the sum of Two Hundred and Nn/100
4$900 00) , cash in hand paid, the receipt of which is hereby acknowledged, and the
covenants and agreements hereinafter described, has granted, demised, leased and let, and by these presents does
grant, demise, lease and let exclusively unto the said Lessee, the land hereinafter described, with the exclusive
right for the purpose of mining, exploring by geophysical and other methods, and operating for and producing
therefrom; oil and all gas of whatsoever nature or kind, with rights of way and easement for laying pipe lines,
and erection of structures thereon to produce, save and take care of said products, all that certain tract of land
situated in the County of Weld, State of Colorado, described as follows, to wit:
Township 2 North, Range 68 West, 6th P.M.
Section 12 : A tract in SEkSEZ described as East 50' of the North 330' of
the South 824' and also a tract in SEkSE1/4 described as East
50' of the South 494' and the South 50' of the East 440' .
and containing 1.3925 acres, more or less.
1. It is agreed that the lease shall remain in force for a term of three (3) years from this date
and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on
acreage pooled therewith, or drilling operations are continued as hereinafter provided. If, at the expiration of
the primary term of this lease, oil or gas is not being produced on the leased premises or on acreage pooled
therewith but Lessee is then engaged in drilling or re-working operations thereon, then this lease shall continued
in force so long as operations are being continuously prosecuted on the leased premises or on acreage pooled
therewith; and operations shall be considered to be continuously prosecuted if not more than ninety (90) days shall
elapse between the completion or abandonment of one well and the beginning of operations for the drilling of a
subsequent well. If after discovery of oil or gas on said land or on acreage pooled therewith, the production
thereof should cease from any cause after the primary term, this lease shall not terminate if Lessee commences
additional drilling or re-working operations within ninety (90) days from date of cessation of production or from
date of completion of dry hole. If oil or gas shall be discovered and produced as a result of such operations;
at or after the expiration of the primary term of this lease, this lease shall continue in force so long as oil
or gas is produced from the leased premises or on acreage pooled therewith.
2. This is a PAID-UP LEASE. In consideration of the down cash payment, Lessor agrees that Lessee
shall not be obligated, except as otherwise provided herein, to commence or continue any operations during the
primary term. Lessee may at any time or times during or after the primary term surrender this lease as to all or
any portion of said land and as to any strata or stratum by delivering to lessor or by filing for record a release
or releases, and be relieved of all obligation thereafter accruing as to the acreage surrendered.
3. In consideration of the premises the said Lessee covenants and agree to pay Lessor one-eighth
(1/8) of the proceeds received by Lessee, payable monthly, for the oil, gas and other hydrocarbons produced and
saved from the leased premises.
4. Where gas from a well capable of producing gas is not sold or used, Lessee may pay or tender as
royalty to Lessor One Dollar per year per net mineral acre owned by Lessor and covered by this lease, such payment
or tender to be made on or before the anniversary date of this lease next ensuing after the expiration of 90 days
from the date such well is shut in and thereafter on or before the anniversary date of this lease during the period
such well is shut in. If such payment or tender is made, it will be considered that gas is being produced within
the meaning of this lease.
5. If said Lessor owns less than the entire oil and gas fee simple estate in the above described
lands, then the royalties (including any shut-in gas royalty) herein provided for shall be paid the said Lessor
only in the proportion which Lessor's interest bears to the entire oil and gas mineral fee simple estate.
B 1394 REC 02343633 07/29/93 16:32 $0.00 1/003
F 1488 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO K:lctb\oilgas
LEbI'78 930626
Revised 3/93
Small Tract Oil and Gas Lease
Page 2
6. Lessee shall have the right to use, free of cost or royalty, gas, oil and water produced on said
land for Lessee's operations thereon, except water from the wells of Lessor.
7. When requested by Lessor, Lessee shall bury L 's pipe lines below plow depth.
8. No well shall be drilled nearer than 200 feet to any occupied building on said premises without
the written consent of Lessor.
9. Lessee shall have the right at any time to remove all of Lessee's machinery and fixtures placed
on said premises, including the right to draw and remove casing.
10. The rights of Lessor and Lessee hereunder may be assigned in whole or in part. No change in
ownership of Lessor's interest (by assignment or otherwise) shall be binding on Lessee until Lessee has been
furnished with notice, consisting of certified copies of all recorded instruments or documents and other
information necessary to establish a complete chain of record title from Lessor, and then only with respect to
payment thereafter made. No other kind of notice, whether actual or constructive, shall be binding upon Lessee.
No present or future division of Lessor's ownership as to difference portions or parcels of said land shall operate
to enlarge the obligations or diminish the rights of Lessee, and all Lessee's operations may be conducted without
regard to any such division. If all or any part of this lease is assigned, no leasehold owner shall be liable for
any act or omission of any other leasehold owner.
11. Lessee, at its option, is hereby given the right and power at any time and from time to time as
a recurring right, either before or after production, as to all or any part of the land described herein and as
to any one or more of the formations hereunder, to pool or unitize the leasehold estate and the mineral estate
covered by this lease with other land, lease or leases in the immediate vicinity for the production or oil and gas,
or separately for the production or either, when in Lessee's judgment it is necessary or advisable to do so, and
irrespective of whether authority similar to this exists with respect to such other land, lease or leases.
Likewise, units previously formed to include formations not producing oil or gas may be reformed to exclude such
non-producing formations. The forming or reforming of any unit shall be accomplished by Lessee executing and
filing of record a declaration of such unitization or reformation, which declaration shall describe the unit. Any
unit may include land upon which a well has theretofore been completed or upon which operations for drilling have
theretofore been commenced. Production, drilling or reworking operations or a well shut in for want of a market
anywhere on a unit which includes all or a part of this lease shall be treated as if it were production, drilling
or reworking operation or a well shut in for want of a market under this lease. In lieu of the royalties elsewhere
herein specified, including shut-in gas royalties, Lessor shall receive on production from the unit so pooled
royalties only on the portion of such production allocated to this lease; such allocation shall be that proportion
of the unit production that the total number of surface acres covered by this lease and included in the unit bear
to the total number of surface acres in such unit. In addition to the foregoing, lessee shall have the right to
unitize, pool or combine all or any part of the above described lands as to one or more of the formations
thereunder with other lands in the same general area by entering into a cooperative or unit plan of development
or operation approved by any governmental authority and, from time to time, with like approval, to modify, change
or terminate any such plan or agreement and, in such event, the terms, conditions and provisions of this lease
shall be deemed modified to conform to the terms, conditions and provisions of such approved cooperative or unit
plan of development or operation and, particularly, all drilling and development requirements of this lease,
express or impled, shall be satisfied by compliance with the drilling and development requirements of such plan
or agreement, and this lease shall not terminate or expire during the life or such plan or agreement. In the event
that said above described lands or any part thereof shall hereafter be operated under any such cooperative or unit
plan of development or operation whereby the production therefrom is allocated to different portions of the land
covered by said plan, then the production allocated to any particular tract of land shall, for the purpose of
computing the royalties to be paid hereunder to Lessor, be regarded as having been produced from the particular
tract of land to which it is allocated and not to any other tract of land; and the royalty payments to be made
hereunder to Lessor shall be based upon production only as so allocated. Lessor shall formally express Lessor's
consent to any cooperative or unit plan of development or operation adopted by Lessee and approved by any
governmental agency by executing the same upon request of Lessee.
12. All express or implied covenants of this lease shall be subject to all Federal and State laws,
executive orders, rules or regulations, and this lease shall not be terminated, in whole or in part, nor Lessee
held liable in damages, for failure to comply therewith, if compliance is prevented by, or if such failure is the
result of, any such law, order, rule or regulation.
B 1394 REC 02343633 07/29/93 16: 32 $0. 00 2/003
F 1489 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO
2 R:\ctb\oilgas
930626
Revised 3/93
Small Tract Oil and Gas Lease
Page 3
13. Lessor does not warrant title to the leased premises, but it shall, upon request, allow Lessee
access to such abstracts and other title papers as it has in its files. Lessee shall have the right at any time
to redeem for Lessor, by payment, any mortgages, taxes or other liens on the above described lands in the event
of a default of payment by Lessor, and be subrogated to the rights of the bolder thereof.
14. Lessee shall indemnify Lessor against all liability and loss, and against all claims and actions,
including the defense of such claims or actions, based upon or arising out of damage or injury, including death,
to persons or property caused by or sustained in connection with operations on this leased land or by conditions
created thereby, or based upon any violation of any statute, ordinance or regulation.
15. Upon failure or default of Lessee to comply with any of the terms and provisions hereof including
but not limited to the failure to comply with laws, rules and regulations covering Colorado oil and gas operations,
Lessor is hereby authorized upon notice and hearing, as hereinafter provided, to cancel this lease as to all of
the leased land so claimed or possessed by Lessee hereunder. In the event of any such default or failure, Lessor
shall, before making any such cancellation, send to Lessee by certified mail, to the post office address of said
lessee as shown by the records of Lessor, a notice or intention to cancel for such failure or default, specifying
the same, stating that if within thirty (30) days from the date of mailing said notice, Lessee shall correct such
failure or default, no cancellation will be made. If such failure or default is not corrected with thirty (30)
days after the mailing of such notice, and if Lessee does not request a hearing on such notice within thirty (30)
days, this lease will terminate and be cancelled by operation of the paragraph without further action by Lessor,
or further notice to Lessee.
16. All of the provisions of this lease shall be binding upon the heirs, personal representatives,
successors and assigns of Lessor and Lessee.
17. Lessee shall not conduct operations of any kind upon the surface of the lands herein described
without the express written consent of Lessor.
IN WITNESS WHEREOF, this instrument is executed as of the date first above written.
BOARD OF COUNTY COPMISSIONERS
WELD COUNTY, COLORADO
ATTEST: a. r
ti
Weld County Clerk to itti tssei!
a_
By. 3ite
07b4/(B
ATTEST: GERRITY OIL & GAS CORPORATION
LESSEE:
By:
Bri J. C e, Chief Operating Officer QWS Fran D. Br n, hief Financial
ST OF COLORADO ) Officer
Ar ra./loed ) as.
COUNTY OF adtritt
The foregoing instrument was acknowledged before me this r day of , 1993, by
b. [ra C'. ;e •F ;a•./
;aq . C , G ) 9t A- a j2•J_• , v .
40`Qitness my hand and official seal.
My F4 ,�,i$n'exp irrst
a /
,1.,7® yg 7 Notary Public
U B L‘Cc, 930626
0 c T Ol( 3 K:\ctb\oilgas
B 1394 REC 02343633 07/29/93 16 : 32 $0 .00 3/003
F 1490 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO
C E R R I T Y
O I L C9 GAS - ' -
CORPORATION i P. 56
CLF,_?,
June 7, 1993
Weld County
Clerk to the Board
P. O. Box 758
Greeley, CO 80632
Attn: Ms. Linda Dodge
RE: Oil and Gas Lease
T2N-R68W
Sec. 12: SE'/4SE'A
Weld County, Colorado
Dear Ms. Dodge:
Per your letter dated May 27, 1993, we enclosed in duplicate small tract oil and gas lease
executed on behalf of Gerrity Oil & Gas Corporation, along with our check #021729 in the
amount of $210.00 to cover your fee. Upon approval by the Board, please forward one
executed copy to the undersigned.
Thank you for your cooperation to this matter.
Very truly yours,
4261,1@t/
Eliza B. Lauer
Land
EBL:kkp
Enclosures
4100 East Mississippi Avenue
Suite 1200
Denver, Colorado 80222
Fax 303 757.1197 0
Telephone 303 757.1110 9 062
CLERK TO THE BOARD
P.O.BOX 758
I
WI p GREELEY,COLORADO 80032
(303)356.1000 EXT.4225
C.
COLORADO
May 27 , 1993
Ms . Elizabeth B. Lauer, Landman
Gerrity Oil & Gas Corporation
4100 East Mississippi Avenue, Suite 1200
Denver, CO 80222
RE : Request for Oil and Gas Lease
in SE* SE* of Section 12, T2N,
R68W of the 6th P.M. , Weld
County, Colorado
Ms . Lauer:
The Clerk to the Board of Weld County Commissioners is in
receipt of your May 17 , 1993 letter and Weld County Attorney
Bruce Barker' s recommendation regarding above described oil and
gas lease application. Please see number seven of the enclosed
Weld County Mineral Leasing Policy. To submit this oil and gas
lease application, please return to this office the referenced
$200 . 00 royalty bonus, $10 . 00 handling fee, and the enclosed
Small Tract Oil and Gas Lease, completed in duplicate.
If you have any further questions, please feel free to contact
the Office of the Weld County Clerk to the Board at ( 303) 356-
4000, ext. 4225 .
Sincerely, yy,
Lin�D/,/g�7e�
Deputy Clerk to the Board
cc: File
Enclosures
930626
it :S.
f‘it OFFICE OF COUNTY ATTORNEY
T PHONE(303)356-4000 EXT.4391
P.O. BOX 1948
GREELEY,COLORADO 80632
WIIDe. f
COLORADO May 28, 1993
Ms . Mamie Sinks
Division Order Analyst
Gerrity Oil and Gas Corporation
4100 E. Mississippi Avenue, Suite 1200
Denver, CO 80222
i
RE: Small Tract Lease for Gregerson No. 2-12 Recompletion -
550792, SW 1/4 , SE 1/4, Section 12, T2N, R68W of the 6th P.M. ,
Weld County, Colorado t
4
Dear Ms . Sinks : )
The Board of County Commissioners of Weld County, Colorado, has
received your May 24 , 1993 letter regarding the above-referenced
tract.
i
I have asked the Clerk to the Board of County Commissioners to
search the Board' s files to determine if there is an existing lease
for this tract. The Clerk has found no such lease. Therefore, it
is necessary to propose such a lease to the Board of County
Commissioners for its consideration.
Enclosed are two copies of Weld County' s Small Tract Oil and Gas
Lease. If Gerrity Oil and Gas Corporation desires to pursue the
lease, you will need to fill in the appropriate lines on both of
the copies, sign the same, and send them and a check in the sum of
$200 to the Board of County Commissioners of Weld County, Colorado,
P.O. Box 758, Greeley, CO 80632 .
If you should have any questions regarding this letter or the
enclosed lease forms, please feel free to call me at 356-4000,
Extension 4390 .
truly yours,
ZZ- I ---
uce T.�Barke
Weld County Attorney
BTB/gb: sinks
Enclosures
330520
GERRITY II^V
TT
O I L fd G A S
Ie ,
CORPORATION M�,Y 1993 Js
WELD COUNTY
May 24, 1993 ATTORNEY'S OFFICE
Weld County Colorado
County Attorney Bruce T. Barker
P. O. Box 1948
Greeley, CO 80632
Re: Gregerson Wells
El Section 12, T2N-R68W
Weld County, Colorado
Dear Mr. Barker:
For easy reference, I enclose a copy of your letter dated May 19, 1993 concerning an interest
which Gerrity Oil & Gas Corporation's records show may be owned by Weld County, Colorado.
Effective January 1, 1993, Gerrity Oil & Gas Corporation purchased these wells from Martin
Exploration Management Company. If you are able to prove your interest, they should also be
advised, as they may be holding revenue in suspense for you.
As promised in our telephone conversation, I am enclosing a copy of the pertinent pages from
the title opinion prepared by Charles A. Redpath, Jr. in November 1989. It may help you to
determine whether the county owns the minerals under this small tract of 1.3935 acres.
On or about April 27, 1993, Elizabeth Lauer, a Landman with our firm, prepared and mailed
a lease to Weld County, asking that they execute it, reserving a 1/8 royalty. I was then
instructed to list the county as owner of this 1.3935 acres on the Gregerson 2-12 Division Order,
as if leased at 1/8 (1.3935 - 74.08 unit acres x 1/8 royalty = a decimal interest of .00235135).
If you determine that the county indeed does own these minerals, and wishes to lease them,
please execute and return both the lease and division order, as previously instructed by Ms.
Lauer and myself.
Should you have any questions or concerns, please contact us.
Sincerely,
2 � � d
Mamie Sinkes
Division Order Analyst
c: Martin Exploration Management Co.
Attn: Rebecca Morrane
4100 East Mississippi Avenue
Suite 1200
Denver, Colorado 80222
Fax 303 757.1197
Telephone 303 757.1110 s�,may!v62{,/�
GE R R ! T Y j
OIL & GAS
CORPORATION / } /
Ayle mg }
//
May 17199 3 , Ar WELD UN $
RNA S o9cE
. sazearkr.
Weld Co y Att_ey
P. 0. %, 1498
Greeley, CO 80632
Re: elan Gas Lease }
T2 R68
Sec. 12: A&A&
Weld County, Colorado
)
Dear Mr. Ba Barker: j
Per your letter dated May12, 1m% _ attachacopy « @se5fineonionpreparedon
behalf of Martin Expl on in November l899 \
)
Please note comment no. 4.
If add information is needed, please adv i
Very truly yours, !
\
fi k
O th B. Lauer
Lan m_
EBL/Idcp
Attachment
4100 East Mississippi Avenue
Suite 1200
Denver, Colorado 80222
Fax 303 757,m
Telephone 303 757 1110 9230626
November 3, 1985 -5 Grege“on No. 2-12 Well
that any adverse evidence of possession or oil and gas activity may be
reviewed and supplemental opinion rendered thereon
Status of taxes is not covered by this Opinion and a Treasurer's
Certificate of Taxes is requested.
REQUIREMENT NO. 3
(a) Submit updated affidavit of surface inspection.
(b) Obtain and submit Treasurer's current Certificate of Taxes.
COMMENT NO. 4
A prior examiner reported that by quitclaim deed of October 29, 1970,
Mr. Collins conveyed to Weld County, the East 50' of the N. 330' of the S.
824' of the SE►iSFh Sec. 32, Book 637 No. 1559236; and Harsh et al by similar
instrument quitclaimed to the County of Weld, the E. 50' of the S. 494' and the
S. 50' of the E. 440' of Section 12, same dated May 17, 1972, Book 668 No.
1590052. These appear to be fee simple conveyances, affect Tract IV and would
comprise approximately 1.3935 acres or .43547% of the pooled unit. In view
of the recent case of Farmers Reservoir vs. Sun Production (1986) , 721 P2d
1198, rendered by the Colorado court, it is my view that you should treat the
County as owning the minerals under these parcels (the quitclaim deeds are
prior in date and recording to Tories 4 & 5) and either have the County quit-
claim the minerals to your lessors, ratify Leases 4 & 5 or secure oil and gas
ease from Weld County.
In the interim, you should suspense .43547% of the production, deducting
same from Tract IV. r ,O az 5 J E
REQUIREMENT NO. 4 1 4 �1 h(J(-
Suspense .43547% of production until interest of Weld County
in Tract IV clarified and, if necessary, leased.
Subject to the producing status of the above pooled acreage and the
leases covering same, the matters raised in above Requirement No. 4, status
of taxes and what a current possession affidavit may reflect, it appears that
title to the said lands and leases, as to "J" sand gas, is satisfactory for
division order purposes.
By this reference this Division Order Title Opinion is also prepared
for the use and benefit of the gas and gas products purchaser(s) from Martin
Exploration Management Company.
,
Verz
:: c4 'N
,
/211
/
l
CARJr:anr J ,
930626
Air>i OFFICE OF COUNTY ATTORNEY
PHONE(303)356-4000 EXT.4391
P.O. BOX 1948
GREELEY,COLORADO 80632
WIWDe
COLORADO May 12, 1993
Ms . Elizabeth B. Lauer, Landman
Gerrity Oil and Gas Corporation
4100 E. Mississippi Avenue, Suite 1200
Denver, CO 80222
RE: Request for Oil and Gas Lease
in SE 1/4 SE 1/4 of Section 12,
T2N, R68W of the 6th P.M. , Weld
County, Colorado
Dear Ms . Lauer:
The Board of County Commissioners of Weld County, Colorado is in
receipt of your April 27, 1993 letter which requests an oil and gas
lease for property owned by Weld County, Colorado in the Southeast
Quarter of the Southeast Quarter of Section 12, Township 2 North,
Range 68 West of the 6th P.M. , Weld County, Colorado.
Your letter refers to a "recent title examination" which shows that
Weld County holds an interest under a tract of land comprising
1 . 3935 acres in said Section 12 . The Board of County
Commissioners ' records do not show any such tract; however, those
records are in many instances not complete.
I respectfully request that you send a copy me a copy of the title
examination so that I may review the same and make an appropriate
recommendation to the Board of County Commissioners regarding your
request.
If you should have any questions or if you wish to discuss the
matter, please feel free to call me at 356-4000, Extension 4390 .
ZTZa7Zc
you
c
Assistant Weld County Attorn y L_ j
BTB/gb: lauer
930626
GERRIT Y
o I L & G A S :-'_D l
CORPORATION„,-, t^n 77 u! O: Li,
ci_rr.:\
April 27, 1993 TO TI . _ .)
Board of County Commissioners
Weld County
P. O. Box 758
Greeley, CO 80632
RE: Oil and Gas Lease
T2N-R68W
Sec. 12: SE'%SE'A
Weld County, Colorado
Ladies and Gentlemen:
According to a recent title examination, we find that Weld County holds an interest under a tract
of land comprising 1.3935 acres.
Therefore, we enclose our lease for your review and acceptance. The terms of said lease would
be $100.00 bonus consideration for a 1 year term with a one-eighth landowners royalty.
If the above meets with your understanding, please sign before a notary and return one copy to
the undersigned. Upon our receipt, we will forward to you the bonus consideration.
Thank you for your attention to this matter. If you should have any questions, please feel free
to contact me.
Very truly yours, //�/ y ,
7/4 aLc
Eli th B. Lauer
Landman
EBL:kkp
Enclosures
4100 East Mississippi Avenue
Suite 1200
Denver,Colorado 80222
Fax 303 757.1197 ���;
Telephone 303 757.1110 7
SECTION 12 - TOWNSHIP 2 NORTH - RANGE 68 WEST
OF THE SIXTH PRINCIPAL MERIDIAN
WELD COUNTY, COLORADO
INORTH
12
SCALE: 1 INCH = 1000' GERRITY
OIL & GAS
CORPORATION
930626
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