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SNYDER OIL CORPORATION
A82433313
DR _LIION ORDER (OIL & GAS)
N: 1!108720(12
Date: March 20, 1995 (RE)
To: Snyder Oil Corporation
Properties Management
777 Main Street, Suite 2500
Fort Worth, Texas 76102
Effective 7:00 A.M. That. of Sire CA log
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 WJONFS 76-706 located in WFt n County or Parish, State of my nR ADO , which lean or unit
is described as follows:
API C5-13-11578
Township 6 North Range 66 'Meg
Section 26: W/2 NE/4
CODELL
Until father written notice, you an hereby authorized to give credit for all proceeds derived from the oil produced from :r..d gas gold from or used off said off said
property as follows:
£`ARTIST TO
49103 1
ATITIRFSS 'DIVISION OF TNTFRFST
BOARD OP COUNTY COMMISSIONERS
HELD COUNTY COLORADO
C/O CLERK TO THE BOARD
P. 0. BOX 758
GREELEY CO 80632-
.00013906 2 -ROY
WORKING INTEREST = 1; ROYALTY INTEREST = 2; OVERRIDING ROYALTY INTEREST = 3
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
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
having recognized jurisdiction over or control of the production and handling of oil in such area.
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
designated nominee; and you agree to receive the oil non 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, settlements shall be based on the net market value at the well. For gas sold at the well, settlements shall be
hued on the net sales price received by you.
4. SettSett= and payments based on the prices set forth herein are to be made monthly by your checks moiled 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 bold, 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) wamnu 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 pan thereof, agrees
to indemnity you again all adverse claims u to payments, and hereby authorizes you to retain all proceeds accruing to the undersigned without any obligation to pay
Wens 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 (casingbead 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 arch 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 counterpuu and sag be binding on and dull inure to the benefit of each signer hereto, his/her heirs, successors, and assigns,
whether or mot k 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.
ATTEST:
Clerk to the Boards
OWNERS ON B
Dale K. Hall, Cha)rman
Weld County Board of
Commissioners
EX
915 10th Street
PO Box 758
TAXPAYER NUMBER •
84-6000813
Greeley, CO 80631
mu, is your Social Security or Tax LD. number au required by Federal Internal Revenue Code. Failure to furnish owner's Social Security or Tax I.D. number
in the apace above will result in 31% withholding tax. This is in accordance with federal law and Tax withheld will not be refundable by Remitter.
^ 2433813 B-1487 P-42 04/12/95 01:00P PG 1 OF 1 REC IXY`
C�J nA N tf Weld County CO Clerk & Recorder 0.00
950911
04//oks
COUNTY ATTORNEY
STAFF APPROVAL
This is to affirm the attached
Division Order or Authorization to
Receive Payment for an Oil and
Gas Well has been reviewed by
the County Attorney's staff as to
form, legal description, and
percentage of royalties, if
applicable.
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