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HomeMy WebLinkAbout952441.tiff 1 AH24625131 OIL AND GAS DIVISION ORDER FuATE 24 October 1995 PROPERTY NO. C04458.01 TO: BASIN EXPLORATION, INC. WELL NAME BOULTER 23-18 370 17TH STREET, SUITE 1800 FORMATION J SAND DENVER, CO 80202 PRODUCT ALL PRODUCTS DIVISION NO. 11029 Each undersigned party guarantees and warrants that such party is the lawful owner of the respective interest set out below opposite such party's name in all proceeds derived from the sale and/or use of oil and/or gas produced from the land hereinafter described. The word moil" when used in this Division Order shall include also condensate, distillate and other liquid hydrocarbons. This Division Order shall apply to production from the following described lands situated in T3N R66W SEC 18: W/2 WELD COUNTY, COLORADO DIVISION OF TYPE CREDIT TO (NAME & ADDRESS) OWNER NO. INTEREST INTEREST WELD COUNTY C/O BOARD OF 5682 0.00060280 RI COUNTY COMMISSIONERS P.O. BOX 758 GREELEY CO 80632 Effective 8 AM 03 December 1994, and until further notice, you are hereby authorized to take or retain possession of all the production of the undersigned from said property(ies) on and after the effective day and to give credit as set forth above for all proceeds derived from the sale of said production from said property(ies) subject to the conditions and directions set out below: 1. This is an estimate of your interest. Should subsequent Title Opinions reflect that your interest differs from that shown above, Basin Exploration, Inc. reserves the right to issue a revised division order and subsequent payment under this division order. Basin Exploration, Inc. shall have the right to make any necessary adjustments in the disbursements of future proceeds in order to effectuate the revised division order. 2. Basin Exploration, Inc. is hereby authorized by the undersigned, each individually and not jointly, to receive all oil, gas, condensate, distillate and liquid hydrocarbons which are allocated to the above described lands, as produced, as welt as such oil and gas in storage on the effective date and not previously disposed of, and to give credit for and pay to the undersigned each such party's respective royalty or other interest therein as set out hereinabove with respect thereto or in the proceeds derived from the sale thereof as hereinafter provided. E 3. The undersigned agrees to furnish evidence of title satisfactory to Basin Exploration, inc. Until such evidence is furnished or in the event of any adverse claim, lien or dispute at any time concerning title to the above described real property of the oil and/or gas produced therefrom, Basin Exploration, Inc. may withhold payment for oil and/or gas accruing to the interest or interests affected thereby until it is indemnified to its satisfaction or until such adverse claim , lien or dispute shall have been fully settled, without liability for interest in either case. If suit is filed affecting the interest of any of the undersigned, written notice thereof shall be given Basin Exploration, Inc., at the above address by party or parties affected, together with a certified copy of the complaint or petition filed. If Basin Exploration, Inc. is made a party to such proceedings, the party or parties affected agree to indemnify Basin Exploration, Inc. against any judgement rendered therein and to reimburse Basin Exploration, Inc. for any costs, attorney's fee or other expenses incurred in connection therewith. 4. Each undersigned agrees to notify Basin Exploration, Inc. of any change which increases or decreases that party's division of interest herein or otherwise results in a transfer of interest. No such change or transfer of interest shall be binding upon Basin Exploration, Inc. until an order or recorded instrument evidencing such change or transfer, or a certified copy thereof, shall be furnished to Basin Exploration, Inc. Any change or transfer of interest shall be made effective on the first day of the month following receipt of such notice by Basin Exploration, Inc. 5. This Division Order shall become valid and binding upon each and every owner above named upon execution hereof by such owner regardless of whether or not any of the above-named owners have so signed. If the provisions of this Division Order are in conflict with the provisions of any oil and gas lease covering the above described property(ies), the provisions of this Division Order shall prevail. Each undersigned owner ratifies and confirms his oil and gas lease as being in full force and effect as of the date hereof, any amendments and supplements to such lease or leases, including any designations, declarations or agreements creating a unit including the above described property if such be the case. 6. The Owner executing this Division Order, in consideration of payments to you as the above provided for, agrees to pay any overriding royalty owners and all other persons who may have right, title or interest in the interest in production set out above and further agrees to protect, indemnify and hold Basin Exploration, Inc. harmless from and against any and all loss, cost or expense which it may suffer or sustain by reason of such payment regardless of how any such claim or demand may arise, including all costs or expenses incurred by Basin Exploration, Inc. in defending its position in any such claim, suit or action. 7. The Division Order may be executed in counterparts, and shall be binding upon and inure to the benefit of the assignees hereof, their heirs, successors, legal representatives and assigns, whether or not it is signed by all parties named herein. 8. Payments shall be made monthly by check mailed to the undersigned parties at the address given above, Less any taxes reouired by law. Basin Exploration, Inc. shall not be required to pay any interest amounting to less than twenty-five dollars ($25.00) but may hold same without interest remitting at least annually. 9. The interest of each undersigned party shall bear its proportionate share of all severance, production, or other tax levied by or under authorty,,of the laws of the United States, the State or any legal subdivision thereof against such oil and/or gas and Basin Exploration, Inc. is authorized to withhold the amount thereof from the proceeds accruing hereunder and to pay such taxes on behal#i „the/undersigned. IMPORTANT: To Avoid Delay-in Payments- Your Correct Address And Social Security # or Taxpayer I.D.# must be shown. IN WITNESS WREKEO l°S,. _ _,_.,►_, _ ecuted� "tas herein stated. WITNESS OR ATTE TJ SIGNATURE a44/ HALL, CHAIRMAN (10/30/95) BY: C�%'�-4 4�//�' /.�-r ,�- ,--- WELD COUNTY BOARD OF COMMISSIONERS !DEPUTY CLERK TO "THE BOARD -- FEDERAL ID #: 84-6000813 L E(5\01 2462501 B-1517 P-603 11/03/95 04:43P PG 1 OF 1 REC Weld County CO Clerk & Recorder 0.00 952441 /o'�5/95 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. j r BY: y A# ney, C, Hello