HomeMy WebLinkAbout900710.tiff AR2223775
RESOLUTION
RE: AUTHORIZATION OF OIL AND GAS LEASE COVERING CERTAIN PROPERTY
OWNED BY WELD COUNTY, COLORADO, LOCATED IN SECTION 14,
o O TOWNSHIP 11 NORTH, RANGE 56 WEST OF THE 6TH P.M. , WELD
ti U COUNTY, COLORADO
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V WHEREAS, the Board of County Commissioners of Weld County,
a Colorado, pursuant to Colorado statute and the Weld County Home
52e Rule Charter, is vested with the authority of administering the
affairs of Weld County, Colorado, and
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pWHEREAS, Weld County, Colorado, is the owner of vast acres of
w mineral lands located in Weld County, Colorado, and
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WHEREAS, a portion of said mineral acres not currently leased
was put up for bid to lease, and
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z WHEREAS, Lonetree Oil and Gas Company, 518 17th Street, Suite
490 , Denver, Colorado 80202, submitted the high bid to lease 40
oEt y net mineral acres, more or less, described to-wit:
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IA Section 14 : NE}NW} , Township 11 North, Range
N w 56 West of the 6th P.M. , Weld County, Colorado
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N WHEREAS, Weld County desires to accept the high bid offer
V a submitted by Lonetree Oil and Gas Company to lease the above
a g described mineral acreage for $13.00 per net mineral acre, for a
total sum of $520.00, together with a rental fee of ONE DOLLAR
mLel ($1.00) per net mineral acre, which lease is to run for a period
(.1N of three (3) years, commencing August 8, 1990, and ending at 12 :00
el noon on August 8 , 1993 , unless otherwise held, as stated in the
M44 lease agreement which is attached hereto and incorporated herein
by reference.
NOW, THEREFORE, BE IT RESOLVED by the Board of County
Commissioners of Weld County, Colorado, that the high bid offer of
Lonetree Oil and Gas Company, 518 17th Street, Suite 490, Denver,
Colorado 80202 , be, and hereby is, accepted for a period of three
(3) years with the total sum being as above listed.
900710
1g es- /e,S g , lCascc.
Page 2
RE: OIL AND GAS LEASE - LONETREE OIL AND GAS COMPANY
The above and foregoing Resolution was, on motion duly made
and seconded, adopted by the following vote on the 8th day of
August, A.D. , 1990.
mcir" BOAR COUNTY COMMISSIONERS
ATTEST: WEL UNTY, CO RADO
o O Weld C � Clerk to the Board
•-iU e e R. Bra ner, C airman
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Geo ge Kenn dy, Pro-Tem
Wap� �• eputy l�r""�' o the BoarJ d 3 APPR ED AS TO FORM: nsta�L. Harber
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CO 14
900710
-- • Parcel N3
WILD COUNTY OIL AND GAS LEASE
Containing 40 acres, more or less;
Containing 40 net mineral acres, more or less:
THIS LEASE AGIiEEKENT, dated this 8th day of August , 19 90 mode and entered
into by and between WELD COUNTY, COLORADO, a political subdivision of the STATE OF COLORADO, acting by and
0 O through the BOARD OF COUNTS ccemmssammas OF TUE COUNTY OF WEIR, for its respective interests, c/o HOARD OF
"AO COWRY CC NISSIONER3, WELD Coma anatam. OMER, 935 1018 S ant, OaRRELET, CO 80631, hereinafter called
o en O Lessor, and_
U Lonetree Oil S Gas Company
518 17th Street, Suite 49U
aDenver, Colorado 8U1U1
0 3 Pa hereinafter called Lessees
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lay, WITNESSETH
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yV; WHEREAS, said Losses has applied to Lessor for an oil and gas lease covering the land herein described,
P4 and has paid a filing fee in the amount of $10.00, plus a bonus consideration of $ 13.00 per mineral
•• 4e acre, fixed by Lessor as em additiemel consideration for the granting of this lease, and Lessee agrees to
r-i g pay an annual rental of $ 40..00 , computed at the rate of $ 1.00 , por mineral acre or
lW fraction thereof per year.
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U WBREAS, all the requirements relative to said application have been duly complied with and said
,raw H application has been approved and allowed by Lessor; •
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• tA TAE, in consideration of. the the agreements herein, on the part of Lessee to be paid, kept and
Wperformed, Lessor does lease exclusively to Lessee for the sole and only purpose of drilling for,
ul P09 development of and production of oil and gee, or either of them, thereon and therefrom with the right to own
t` w all oil and gas so produced and and therefrom and not reserved as royalty by Lessor under the tares of
N R'. obis lease, together with rights-of-way, easements and servitudes for pipelines, telephone and telegraph
N Z lines, tanks and fixtures for producing and caring for such product, and housing and boarding employees, and
0 any end all rights and privileges necessary for the exploration and operation of said land for oil and gas,
t the following
l i gindescr tad in the County of Weld, State of Colorado, and more particularly
the followin described lead situated
M r- DESCRIPTION OF LAND SECTION TOWNSHIP RANCE
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0 NANA 14 11N 56W
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TO HAVE AND TO HOLD said land, and all the rights and privileges granted hereunder to Lessee until the
hour of twelve o'clock noon on the 8th day of August , 19 93 as primary tern, and so long •
thereafter as oil and gas, or either of them, is produced in paying quantities from said land or Lessee is
diligently engaged in bons fide drilling or renting operations on said land, subject to the terms and
conditions herein. Drilling or reworking operations shall be deed to be diligently performed if there is
no delay or cessation thereof for a greater period than sixty consecutive days unless an extension In
writing is granted by Lessor; provided that such drilling or reworking operations are commenced during said
primary term or any extension thereof or while this lease is in force by reason of production of oil and gas
or either of them, or that such reworking is commenced within sixty drys upon cessation of production for
the purpose of re-establishing the same, and provided further that soeb production is commenced during such
(Rev. 11/86) 90 Y7}O
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LEDI58
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prisary term or any extension thereof, or while this lease is in force by reason of such drilling or
reworking operations or other production.
EXPLORATION - Lessor reserves the right to conduct exploration on the leased land provided such
exploration does not interfere with rights granted herein.
In consideration of the premises, the parties covenant and agree as follows:
1.. RENTAL - If this loses is extended for an additional term as provided for in the EETENgION
paragraph hereof, Lessee shall daring such extended period pay to Itssor an annul rental at doable the rate
above specified for the land covered hereby. The rental in effect at the time production is established
shall not be increased due to the term of this lease being extended by such production. Rentals sot at the
time of established production shall be paid daring the remaining life of this lease, annually, in advance,
on or before each anniversary date hereof. There shall be no refund o£ unused rental.
2. ROYALTY - Lessee shall account for any and all substances produced on the leased land and Lessee
shall pay to Lessor as royalty, in addition to the rentals provided, but except for products used on the
leased land, unavoidably lost or flared on the leased land, with approval of Lessor, the followings
o O (a) On oil, 12§'i of the oil produced and saved from the leased land.
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• At the option of Lessor, and with sixty (60) days' notice to Lessee, Lessor nay take its
Uroyalty oil in kind, in which event Lessee shall deliver such royalty oil to Lessor on the leased land,
A fres of coat or deduction, into the pipelines or storage tanks designated by Lessor, but Lessee shall
�i not in such use be required to provide free tankage for any such oil for a longer period than one
p .month after the sass is tun into tanks. With sixty (60) days' notiee to Lessee, Lessor may cease
O W taking oil royalty in kind. Wen paid in cash, the royalty shall be calculated upon the fair market
�+Cq value of this oil at the yell which shall not be deemed to be less than the price actually paid to
Lessee at the well by the purchaser thereof; and in no event shall the royalties be based upon a market
U value at the well less them the posted price in the field for ouch oil, or in the absence of a posted
price in the field for snob oil, upon a market value at the well lass than the prevailing price
sr received by other producers in the field for oil of like grade and gravity st the ties such oil is run
'a into pipelines or storage teaks.
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(b) On gas, including casingbasd gas or other gaseous substance, 1211% of the fair market
a U value at the well or of the price received by Lassos at the well, whichever is greater, of all gas
produced and sold from the-leased lend ar utilised off-she lewd by Lesar. A copy-of all contracts for
,nhn'Z{ sale of gas shall be furnished to Lessor. Were gas is sold under contract that bas been approved by
ELessor, the fair market value of each gas for determining the royalties payable hereunder shall be the
o tq price at which such gas is sold under such contract. No approval by Lessor of the terms of any such
W agreement shall operate to make Lessor a party thereto or obligate it thereunder in any way. At the
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W option of Lessor, and withsixty (60) days' notice to Lessee, Lessor may take its royalty in kind.
r- W With sixty (60) days' notice to Lessee, Lessor may cease taking gas royalty in kind.
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N (c) All costs of marketing the oil and/or gas produced skull be borne by Lessee and such costa
o shall not directly or indirectly reduce the royalty payments to Lessor. Except that marketing costs
afor Lessor's in-kind royalty shall be borne by Lessor.
(d) If Lessor ems a lesser interest in the oil and gas deposits of the above-described land than
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I% PI the entire and undivided fee simple estate, then the royalties and rentals herein provided shall be
N N paid; to,Lassor only in the portion which its interest bears to the whole and undivided fee, but no
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W refund of any bonus consideration shall be made by Lessor hereunder.
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(Rev. 11/86)
3. RECORDS - Lessee agrees to beep and to have in possession complete end accurate beam and records
shoving the production and disposition of any and all substances produced on the leased land and to permit
Lessor, at all reasonable hours, to wane the same, or to furnish copies of same to Lesser upon request
along with purchaser's support documentation. Lessor will not be arat enable with requests. All said
boots and records shall be retained by Lessee sad made available in Colorado to Lessor for a period of not
less than five years.
4. 1 - All production shall be accurately measured al -standards established by the
American GIs Association (AGA) and/or the Americen Petroleum Institute (API) and all measuring devices shall
be tamperproof as nearly as possible. Oil royalties dos within the tarts of this lease shall be calculated
on actual and accurate mwurements.arbin API standards unless s different signs of seasuremewt, subject to
Lessor's approval, is provided.
o U 5. PAYMENTS 6 REPORTS - All payments and reports due hereunder shall be made on or before the day
o such payments and reports are dos. Nothing in this paragraph shall be construed to extend the expiration of
in U the primer/ term hereof.
Oil royalty payments and supporting documents shall be submitted prior to the last day of the
0 3 month following each month's sale of production, and gas royalty, payments and supporting documents shall te
o aw submitted prior to the last day of the second month following each month's sale of production.
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All payments shall be mane by cash, check, certified check or money order. Payments having
Urestrictions, qualifications, or encumbrances of any kind whatsoever shall not be accepted by Lessor. A
W penalty for a late payment shall be charges as set forth in the PISALTISS paragraph herein.
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'a 6. PENALTIES - A penalty shall be imposed for, but not limited to late payments, improper payments,
goperational deficiencies, violation of any covenant of this lease, or false statements made to Lessor.
D3 Panaltiea shall be determined by Lessor unless canniest pronded for by lam and sty be in the form of, but
O a not limited to, interest, fees, fines, and/or lees cancellation. A penalty schedule 'hail be prepared by
Lessor and shall become effective immediately after public notice. Said schedule may be changed from time
,.y H tO time after public notice.
o co 7. LAW - The berms and conditions of this lease shall be performed and exercised subject to all laws,
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W rules, regulations, orders, local ordinances or resolutions applicable to and binding upon the .
to O administration of lards and minerals owned by the County of Wald, and to laws, rules and iegulations
r- 6ti governing oil and gas operations in Colorado. Violations shall result in penalties as provided for by law
N or as set forth in the aforementioned schedule or shall, at the option._of Lessor, result. is defsult as
N provided hereinafter. .
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g. SORB WEBER - Lessee bey at any times by Prying to Lessor all ameunts than mice as provided herein,
wrreeder this lease insofar u the same covers all or any portion of ehe Lad herein leased and be reliavad
from further obligations or liability hereunder with respect to the land w surrendered; provided that no
M partial surrender or cancellation of this lease shall be for less than contiguous tracts of approximately
N N forty (40) acres or Covarnummtal lot corresponding to a quarter-quarter section; provided further that this
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surrender clause and the option herein reserved to Lessee shell cease and become absolutely inoperative
CON immediately and concurrently with the inatitutitm of any wit in any court of law by Lessee, Lessor or any
soignee of either to enforce this lease, or any of its terms expressed or implied. In no ease shall any
surrender be effective until Lessee shall have made full provision for conservation of the leased products
end protection of the surface rights of the leased land.
909710
(Rent- /06)
9. ASSIGNMENTS -
(a) Lessee, with prior written consent of Lessor, shall have the right to assign the entire
leasehold interest of said idles in all or part of the land covered hereby, but not less, however,
than contiguous tracts of approximately forty (40) acres or Governmental lot corresponding to a
quarter-quarter section for any partial assignment, and for approval of such assignment Lessor shall
make no assignment charge in an amount to be determined by Lessor. Prior to written approval by Lessor
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of assignment of this leseadoesse (assignor) shall fat"be relieved of its obligations under the tarp
c) and conditions herein. An assignment shall not extend the term of this lease.
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U (b) If any assignment-of a pertion of the land covered hereby shall be approved, • new lease
ashall be issued to the assignee covering the assignee land, containing the same tans and conditions as
o this lease, and limited as to ten as this lease is limited, and the assignor shall be released and
0 3 discharged from all further obligations and liabilities as to that portion so assigned.
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4 .4 (c) Lessee shall notify Lessor of all asst gnmenes of undivided percentage or other interests.
Said interests will not be recognized or approved by Lessor, and the effect of any such assignments
U will be strictly and only between the parties thereto, and outside the terms of this lease: and no
o dispute between parties to any such assigtumt shall operate to relieve Lessee from performance of any
d terms or conditions hereof or to postpone the tint therefor. Lessor shall at all tines be entitled to
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look solely to Lessee or his assignee whoa on its books as being thaoole owner hereof, and for the
sending of all notices required by this lase sod for the performance Hof all tens and conditions
o a hereof.
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Z (d) Although not bindle. on Lessor, all instruments of every kind and nature whatsoever affecting
r-i H this lease should be filed with the Lessor.
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c it 10. . OVERRIDING ADYAtTY - Amy and all reservations or assignments or overriding royalties shall be
in
fz7 subject to approval by Lessor. She total of said overriding royalties shall not exceed five percent (5!),
including any overriding royalty previously provided for unless production exceeds a monthly average of
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el fifteen (15) barrels per day or ninety thousand cubic feet of gas per day (90 NU/D). In the event that
N x production drops to this amount or lass, any overriding royalties which exceed five percent (St) soy be
c 4 suspended. Lessor's approval of a reservation or assignee= of an overriding royalty shall not bind Lessor
for payment of said overriding royalty and shall not relieve Lessen of any of its obligations for payment of
WU 5 royalties to Lessor as provided by ROYALTY paragraphs herein.
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m o 11. OFFSET WELLS - Lessee agrees to protect the leased land from drainage by offset wells located on
N er adjoining lands not mined by Lessor, when such drainage is not compensated for by counter-drainage. It
y o shall be presumed that the production of oil and gas from offset wells results in drainage from the leased
w land, unless Lessee demonstrates to Lessor's satisfaction, by engineering. geological, or other data, that
production from such offset well does not result in se drainage, or that the drilling of a well or wells
�i on the leased land would not accemplish the purposes of protecting the deposits under the leased land.
Lessor's decision as to the existion of much drainage shall be final, and Lessee shall comply with Lessor's
order thereon or surrender this lease as to any such undeveloped acreage as designated by Lessor.
12. DEVELOPMENT - Upon discovery of oil and gas or either of then on the leased laud. Lessee shall
proceed with reasonable diligence to develop said land at a rate and to an extent commensurate with the
eoouawic development of the field in laid) the leased land lies.
13. POOLING CLAUSE - Lessee may at any time or tines pool any part or all of said land and lease or
any stratum or strata with other lends and leases, stratum or strata, in the same field so as to constitute
a spacing unit to facilitate an orderly or uniform well-spacing pattern or to comply with any order, rule,
or regulation of the State or Federal regulatory or conservation agency having jurisdiction. Such pooling
(Rev. 11/86)
900710
shall be accomplished or terminated by filing of record a declaration of pooling, or declaration of
termination of pooling, and by mailing or tendering a copy to Lessor, or to the depository bank. Drilling
or reworking operations upon or production from say part of such spacing unit shall be considered for all
purposes of this lease as operations or productions from this lease. Leases shall allocate to this lease
the proportionate share of production which the acreage in this lease included in any such spacing unit
bears to the total acreage in said spacing unit.
14. martzenow - CONNUNDITZLITON - In the event Lessor permits the land herein leased to be included
within a commhnitixatian or unitization agreement, the terms of this lease may be deemed to be modified to
conform to such agreement. When only a portion of the land under this lease is committed by sn agreement,
Lessor may segregate the land and issue a separate lease for each portion not committed thereunder; the term
op of such separate lease shall Os limited as to the original term of this lease. The terms of the lease on
'"'U that portion remaining in the omit shall be deemed to be modified to conform to such agreement.
✓ Neaproducing leases shall terminate on the first anniversary date of the lease following the termination
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U date of the unit or part thereof modifying the lemon, but in no event prior.,lo the eel"of the priaery'..term
A of the lease or the extension term of the lease.
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3 16. pNODDCED3N - Lassos shall, subject to applicable law, regulations and orders, operate and produce
all wells upon the leased land n long ea the same are capable of producing in paying quantities, and shall
xr• Q operate the same so ss to produce at a rate commemorate with the rate of produetien of sells on adjoining
2 lands within the same field and within the limits of good engineering prestige, except for such times as
Uthere exist neither market nor storage therefor, and except for such limitations on or suspensions of
oil production as may be approved in writing by Lessor. Lessee shall be responsible for adequate site security
o
sr P4 on all producing properties.
� pG 16. SNOT-IN WELLS - If Lessee shall complete a well on the leased lard productive of gas and Lessee is
W unable to produce such gas don to a lack of suitable market therefor, Lessor may grant Lessee suspension of
o 'a his obligations to produce hereunder until a suitable market for such gas can be found, and during any such .
suspension period, it shall be deemed that sae is being produced hereunder in paying quantities. -Except,
• z
however, that beginning on the anniversary date next, of tits year of am extension of the lease by reason of
.--CA• E o• shut-in well, Lessee shall pay to Lessor a shut-in royalty equal to $2 per acre of t lease per annum in
o cal addition to the annual rental. The stein moose of such sbus-ion royalty payment shall be $240. Each
W year's shut-in royalty shall be forfeited to Lessor except for the shut-in royalty paid for the year during
In 5 which the well begins production. The maximum extension of the lease, due to the ezfatenca of a shut-in
▪ W well, shell be five years beyond the intension arm as described in the EXTENSION paragraph herein. The
N z granting of any further extensions shall be at the sole option of Lessor.
N
o 17. OPERATIONS - No exploration, drilling or production operation, includins permanent installations,
Tom shall be within 200 feet of any existing building or other improvement, including water well or reservoir,
�r without the written permission of the owner of said improvements. Lessee shall keep a correct log of each
well drilled hereunder, sharing by name or description the formations passed through, the depth at which
d, each formation was reached, the number of feat of each site casing set in each well, where set, and the
▪ c total depth of each well drilled. Lessee, within thirty (30) days after the completion or abandonment of
any well drilled hereunder, shall file in the office of Lessor a complete and correct log of such well,
together with a copy of the electric log and the radioactivity log of the well when such logs, or either of
• that, are run; and also a copy of all drill stem test results, core records and analyses, record of
perforations and initial production tests, if any. If any of the information required by this paragraph is
contained in reports required to be filed with the 011 and Gas Conservation Commission of Colorado, the
requirements of this paragraph for such information- say be satisfied by such filing with said Commission,
except for copies of the reports as are required by the following paragraph, and provided that all such
information is immediately available to Lessor. Any proprietary information so submitted shall not be
subject to public inspection under Colorado tar.
(Nev. 11/86) .:CO ;41St
Lessee shall bury pipelines below plow depth. Lessee shall sat and cement sufficient surface
casing to protect the fresh water wails of the area.
18. NOTIFICATION - Lessee shall notify Lessor and the surface lessee or surface owner of the location
of each drill site at least two weeks prior to commencing drilling operations thereon. Lessee shall notify
Lessor before commencing to plug and abandon any well by copy of Lessee's request for approval or emdry
notice of intent to plug and abandon.
19. BONDS - Lessee shall be liable for all damages to the surf-am of the land, livestock, growing
crops, water wells, reservoirs, or improvements caused by lessee's.operetians on said land. No operations
shall be coeteneed on the land hereinebove described unless and until Lessee shall have filed a good sod
sufficient bold with LaeeM, in an ameuse to be fixed by Lessor, to secure the payment for moth damages as
may be caused by Lessee's operations on said land and to assure compliance with all the terms and provisions
of this lease, the law of the State of Colorado, and the rules and repletion, thereto appertaining. A
0 V had may be held to effect-for the life of presact ott of any moll.
0
cep U 20. SETTLEMENT - Lessee shall not remove any machinery, equipment or fixtures placed on said land,
other than drilling equipment, nor draw the casing from any well unless and until all payments and
00 3 q obligations currently due Lesser under the terns of this lease shall have been paid or satisfied. Any
machinery, equipment or fixtures left ce this land fora period of more than six (6) months after the
expiration hereof, shall automatically become the property of Lessor.
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. 2l. OTHER DISCOVERY - Should Lassos discover valuable any products other the oil and gas, on or
within the leased land, Lasses shall within seven (7) days report such discovery to Lessor, in which eat
tU Lenses and Lessor may negotiate a provision for production of such discovery.
0 CC
r; a 22. MATER - Ibis lease does not grant ssioa perms , aepresa or implied, to Lessee for water exploration,
N drilling, or establishing rater walls without the written permission of the surface owner. If Lessor is the
surface owner, said permission shell not be unreasonably withheld. If Lessee desires to establish or
cW adjudicate any water right for beneficial use on the leased lend, any such adjudication or application shall
U be in the name of Lessor If Lessor is the surface outer. The seme shall apply to any nontributary water
z rights established on the leased lend which may be put to beneficial use off said land.
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CO E 23. DEFAULT - Ups failure or default of Lessee to comply with any of the terms and provisions hereof
o ix including but not limited to the failure to comply with law, rules and regulations governing Coloradooil
IA and gas operations, Lessor is hereby authorised upon notice and hearing, as hereinafter provided, is'caacei
r- W this lease as to all of the loved land so claimed or possessed by Lessee hereunder. In .the eveat'of any',
h' sack default or failure th s Lessor shall, before irking any such cancellation, send to Lessee byrcertiPfad
N mail, to the post office address of said lessee as sham by the records of Lessor, a notice'of iniehtion'to
N cancel for such failure or default, specifying the same, stating that if within thirty (30) days from the
E date of mailing said notice, Lasses shall correct such failure or default, no cancellation w311•ba midi. If
a' such failure or default is not corrected within thirty (30) days after the mailing of such notice,fend if
W Leases does not request a hearing on such notice within thirty (30) days, this lease will terilnate-and be
n a cancelled by operation of this paragraph without further action by Lessor, or further notice to Lessee.
N N
N o 24. EETENSION - If Lessee fails to mats discovery of oil and gas, or either of them, in paying
pea w quantities during the primary term hereof, or daring drilling operations commenced during the primary term
hereof, Lessee may make written application to Lessor for an extension of this lease for a term equal to the
primary term as to all of the mineral acres covered hereby (excluding any mineral acres theretofore
surrendered as in the SURRENDER Paragraph provided, or assigned as in the assmoners paragraph provided).
The granting of such extension shall be at the sole option of Lessor at double the rental for the primary
term hereof.
(Rev. 11/86)
C;Cx10
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23. BOLD araeuSS - 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.
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26. CONDEMNATION - If the leased land shall be taken in any condemnation proceeding, this lease shall o
automatically terminate as of the date of esking. The award for such condemnation shall be paid to Lessor, co to
except for may specific' amird(a) paid to Lessee for severed oil and gas reserves, in which evens
XXXXXXXXXXX of such specific awards) shall be paid to Lessor in lieu of royalty lost by virtue of the 8
academician: Improvements shall"bcrimsved by Leases per terms in the =Wen Paragraph heroin. It �!
only a portion of the leased lard is take by condemnation, Lessor may, at its option, terminate this lease o
or terminate only that portion of the lease so taken. N
7. N
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EL ERRORS.. -_Every effort is: made by Lessor to avoid errors in all procedures including but not M
limited to auction listings and lease preparation. Lessor shall not be liable for any inconvenience or loss C �
caused by errors which may occur. -Lessee shall notify Lessor immediately upon discovery of any errors or Pi
discrepancy whatever. y o
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28. ♦RCBAEOLOG2 - Lessee shall not destroy, disturb, mar, collect, remove or alter any prehistoric or x
historic resources of any kind on Weld County lands as provided by les. These resources include but arm not n mp
halted to ells artifacts of stame,,,wood or metal, pictographs, structures, and bones. ♦ discovery of N o
anything of 'prehistoric or historic nature shall be reported to Leaser or the State of Colorado PI
Archaeologist li mediately. I"4
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29. DETINITIONS -
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(a) "Case as used hernia shall mean all gates (combustible and noncombustible), including but not O
limited to all gaseous hydrocarbons, gaseous compounds, carbon dioxide, and helium..
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(b) ^Oil sad gas" as used herein shall include all substances produced as b3 products therewith, 0 c
including but not limited to sulfur. p
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(e) "Raying quantities" as used herein Abell mean and refer to quantities of oil and gas or of A
either of them sufficient to pay for the current cost of producing some. O ko
30. REINS AND ASSIGNS - The benefits and obligations of this lease shall inure to and De,h4ndina'opon p p
the heirs, lives repreeenteed es, suseensors or asbi{mm of Lessee; bat no sullies* or assignment hereof,,or
of any interest herein, shall be binding upon Lessor until the same has been approved'hy Lessor is' dkplainad
in the ASSIGNMENTS' paragraph provided.
31. WARRANT! OP TITLE - Lessor does not warrant title to the leased premises, 'St it shell,. upon
request, alive Lessee access to such abstracts and other title papers as it has to its .!ilea:;"X7fEfe,ihall
be no obligation on Lessor's part to purchase new or supplemental or other title papers nor to do any
curative work in connection with title to the subject lands. ♦11 abstracts of title, whether new or
supplementary, obtained by Lessee and covering the subject lands shall become the property of and be
delivered to Lessor after Lessee has completed its title examination and curative work, subject, however, to
the right of Lessee to we such abstracts upon request at any time during the term of the Lease.
•(Rev. 11/86) ✓ U 1�
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o -
IN =NESS WHEREOF, lessor has hereunto signed and caused its name to be signed by the HOARD Op COOKY
cl CO E SSIONLRS OF TIE CORNET O MILD, with the seal of the office affixed, add Lasses has signed this
agreement, the day and year first above written.
BOARD Olt COM= COMMISSIONERS
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Held County Clerk r
a the Hoard ie, Ps
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LESSEE: Lonetree Oil & Gas Company to
99
By. T n
Hal
Michael T. Bradley, Preaiden H r
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STAIR OF COLORADO ) (1 e
Denver ) SS. M
COINER OF WON ) 4 I—
s.
The foregoing instrument s acknowledged before me this 6th day of August s
em
19 90 by r wi o
to
Witness my head and official seal. 6
di My Commission Empires: 113 i %/U ki o
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et
�+ Wotan Polio f+
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gin.
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�00710
(Rem. 11/B9)
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