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SIGN OIL AND GAS LEASE #555
WITH ACKMAN-SCHULEIN-ROOSEVELT & ASSOCIATES LTD.
EXPIRES OCTOBER 15, 1974:
WHEREAS, Ackman--Schulein--Roosevelt& Associates of Denver, Colorado,
has presented this Board with an Oil and Gas Lease covering the following tract
o f land situate in Weld County, Colorado, described as follows, to -wit:
E-NE4 and the SW NE4s Section 23, Township 11 North Range 56
West of the 6th P. M. (90 mineral acres)
NW4NW4: Section 24, Township 11 North, Range 56 West of the
6th P. M., (40 mineral acres)
WHEREAS, the Board believes it to be in the best interests of the
County to sign said lease.
NOW, THEREFORE, BE IT RESOLVED, by the Board of County Commissioners
o f Weld County, Colorado, that they do hereby accept by signing an Oil and Gas
Lease, County Number 555, with Ack'man-Schulein--Roosevelt & Associates, for
the described parcel of lands listed above for a period of five years; the amount
✓ eceived $260.00 represents $1.00 per acre bonus and $1.00 per acre annual delay
rental.
The above and foregoing resolution was, on motion duly made and
seconded, adopted by the following vote: '
DATED: OCTOBER 15, 1969
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THE BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
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Form 8b—(Tlodc,^e:rs)
Kan_ilkla. R "loin Igi7
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OH, ANT) GAS LEASE
ATLOCK•S, INC.
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THIS AGREEMENT, Entered into this the— day of October .. „69
b.WIeJ.*Id County_ oliticaI subdivision of the State of Colorado, by its Board of County
Commissioners for its respective interests
`--At an-Schursin-Beosevelt bl Associaa US°IIa, Fa- son Building, hereinafter called lessor,
--_-Denver, Colorado---. _ hereinafter called lessee, does witness:
I. That lessor for and in consideration of the sum of �SOaata�, — Dollars in hand paid and of the covenants and agreements hereinafter contained
to be performed the t - ih.- das granted. leased, and let and by these presents does hereby grant lease, and let exclusively unto the lessee the
hereinafter disc I .. a and with in,. riyhi to unitize this lease or any part thereof with other oil and gas leases as to ail or .in.iny part of the lands covered
thereby as herein -hie prs,ided fur the purpose of cirri ing on geological, geophysical and other exploratory work, including corn drilling. and the drilling. mining.
and operating for vmdocing and savingsll of the oil, gas, easinghead gas, casln ¢head gasoline and all other gases and their respective constituent vapors,
.nd for constructing road'. In ing Pipe Imes. building tanks, storing od. building power stations, telephone lines and other atruellires [hereon necessary or
Convenient for the econo m:call operation of said land alone or conjointly with neighboring lands, to produce, save, take care of, and manufacture all ofsuch
aubstances, and for housing and boarding employees, said tract of land with any reversionary rights therein being situated in the County of
Melt State ofColorado_ —.. , and described as follows:
The Bast Half of the Northeast Quarter (C) and the Southwest Quarter of the Northeast
Quarter (Sli.}) of Section Twenty-three (23) and the Northwest Quarter of the Northwest
Quarter (NWSW}) of Section Twenty-four (24).
3t5iP.S i- -_ Tewn.,hip$levea_ (11) RangeFifty-six (56) wad containing 160
_—_. acres, more or less,
2. IL is agreed that this lease shall remain in full force for a term of five (5)
years from this dateand as long thereafter as oil
or gas. or either of them, is produced front said land for from lands with which said land is consolidated, or the premises are being developed or operated,
I. In consideration of the premises the said lessee covenants and agrees:
To deliver to the credit in lessor, free of cost, in the pipe line to which lessee may connect his wells, the equal one -eighth 14¢1 part of all oil
produced and saved from the leased premises.
4. The lessee shall month', pay lessor royalty on gas marketed from each well where gas only is found, one -eighth (Val of the proceeds if sold at the
well, or if marketed by lessee oil , ed premises, then one -eighth i of its market value at the well. The lessee shall pay the lessor' one -eighth Wet,
of the proceeds received by the lesser the sale of casinghead gas. produced from any oil well: ibi one -eighth . of the value. at themouthof the well.
i. rim
computed n the prevailing bin theessee or the c sn ¢head gas. produced from any oil o well and used by lessee off the leased premises for any purpose or
used e se the gefrmpremises by the lessee for purposes . stoves
than the inside
lights
and nrip therufg oce shall the privilege at his own risk and
expense of using gas from any gas well on said land for stoves and msitle lights in the principal dwelling located on the leased premises by making his own
ereto
ere
ttgas la a well as rv, capable r graph Si gas only. not sold or used for a vof one year, lessee shall pay or tender as royalty, an
'- yearudtequal i the delay rental s provided . paragraph lid hereof payableoa annually n r the anniversary date of held this lease following the endteach such
year during such he gas is not sold or used, and while said royalty is so paid or tendered this lease shall be held as a producing property under Dora-
aph numbered two hereof. ��//�a
S. If operations for the drilling of a well for oil or gas are not commenced on said land on or before the_ day of Or tuber sJfl,.
this lease shall terminate as to both parties, unless the lessee shall cn or before said date pay or tender to the lessor or for the lessor's credit in the
__—Hank at — _.._. _ _ _.—.. or its successors. which Hank and its suc-
cessors are the lessor's agent and shall continue as the depository of any and all sums payable under this lease regardless of changes of ownership in said
land or in the oil and gas or in the rentals to accrue hereunder. the sum of Qne Ruud —red Sixty ...... Dollars, which shall op-
iate as a rental and cover the privilege of deferring the commencement of operations for drilling for a period of one year. In like manner and upon like
payments or tenders the commencement of operations for drilling may further be deferred for like periods successively. All payments or tenders may be made by
check or draft of lessee or any assignee thereof, mailed or delivered on or before the rental paying date, either direct to lessor or assigns or to said depository
bunk and It is understood and agreed that the consideration first recited herein. the down payment, covers not only the privilege granted to the date when
said first rental is payable as aforesaid, but also the lessee's option of extending that period as aforesaid and any and all other rights conferred. Lessee may
at any time execute and deliver to Lessor. or place of record, a release or releases covering any portion or portions of the above described premises and
thereby surrender this lease as to such portion or portions and be relieved of all obligations as to the acreage surrendered, and thereafter the rentals
payable hereunder shall be reduced in the proportion that the acreage covered hereon is reducedby said release or releases.
6. Should the first well drilled on the above described land be a dry bole, then, and in that event, if a second well is not commenced on said land
within twelve months from expiration of the last rental period for which rental has been paid, this lease shall terminate as to both parties, unless the
lessee on or before the expiration of said twelve months shall resume the payment of rentals in the same amount and in the same manner as hereinbefore
provded. And it is agreed that upon the resumption of the payment of rentals, as above provided. that the last preceding paragraph hereof, governing the
payment of rentalsand the effect thereof shall continue in force Just as though there had been no interruption in the rental payments.
7. If said lessor owns a less triton -at in the above described land than the entire and undivided fee simple estate therein. then the royalties and rentals
herein provided shall he paid the lessor only in the proportion which his Interest bears to the whole and undivided fee. However, such rental shall be in-
creased at the next succeeding rental anniversary after l,ny reversion occurs to cover the interest so acquired.
8, The lessee shall have the right to use, free of cost. gas, oil and water found on said land for its operations thereon, except water from the wells of
the lessor, When required by lessor the lessee shall bury its pipe lines below plow depth and shall pay for damage caused by its operations to growing crops
on said land. No well shall. be drilled nearer than 200 feet to the house or barn now said premises without written consent of the lessor. Lessee shall have
the right at any time during, Or after the expiration of, this lease to remove all machinery. fixtures houses, buildings and other structures placed on said
premises, Including the right to draw and rove all casing. Lessee agrees, upon the completion of any test as a dry hole or upon the abandonment of any
producing well, to restore the premises to the r original contour as near as practicable and to remove all installations within a reasonable time.
9. If the estate of either party hereto is assigned ,and the privilege of a=.signing In whole or in part vs expressly allowed,, the covenants nereof shall extend
to the heirs, devisees, executors. administrators, successors. and assigns, but no cnange of ownership in the land or in the rentalsor royalties or any sum
due under this lease shall be binding on the lessee until it has been furnished with either the original recorded instrument of conveyance or a duly certified
copy thereof or a certified copy of the will of any deceased owner and of the probate thereof. rr'ilted copy of the proceedings showing appointment of
an administrator for the estate of any deceased owner. whichever is appro p'.ate, Loges), '• w,!h ntll lliglr. al recorded instruments of conveyance or duly certi-
fied copies thereof necessary in showing a complete chain of title back to lessor to the full interest claimed, and all advance payments or rentals made here-
under before receipt of said documents shall be binding on any direct or indirect assignee. grantee, devisee, administrator, executor, or heir of lessor,
toit is hereby agreed that in the event this lease shall be assigned as to a part oras to parts of the above described land and the holder or owner
of any such part or parts shall make default in the payment or the proportionate part of the rent due from him or themsuch default shall not operate to
defeat or affect this lease insofar as it covers a part of said land upon which the lessee or any assignee hereof shall make due payment of said rentals.
1l. Lessor hereby agrees that the lessee, at its option, may pay and discharge in
whole or in part any taxes, mortgages, or other liens existing, levied. or assessed on against the above described lands and, in event it exercises such option.
it shall be subrogated to the rights of any holder or holders thereof and may reimburse itself by applying to the discharge of any such mortgage, tax or other
lien. any royalty or rentals accruing hereunder.
Is. Notwithstanding anything in this lease contained to the contrary, it is expressly agreed that if lessee shall commence operations for drilling at any
time while this lease is in force. this lease shall remain in force and its terms shall continue so long as such operations are prosecuted and, if production
results therefrom, then as long as production continues.
If within the primary term of this lease, production on the leased premises shalt cease from any cause, this lease shall not terminate provided ope-
rations for the drilling of a well shall be commenced before or on the next ensuing rental paying date: or, provided lessee begins or resumes the payment of
rentals in the manner and amount hereinbefore provided. If, after the expiration of the primary term of this lease, production on the leased premises shall
cease from any cause, this lease shall not terminate provided lessee resumes operations for re -working or drilling a well within sixty ill°. days from such
cessation and this lease shall remain in force during the prosecution of such operations and. if production results therefrom, then as long as production
continues.
M. Lessee is hereby expressly granted the right and privilege i which Lessee may exercise at any time either before or after production has been
obtained upon this premises or any premises consolidated herewith, to consolidate the gas leasehold estate created by the execution and delivery of this lease,
or any part or parts thereof. with any other gas leasehold estate or estates to form one or more gas operating units of not to exceed approximately 640 acres
each. If such operating unit or units is so created by Lessee, Lessor agrees to accept and shall receive out of the gas production from each such unit such
portion of the gas royalty as the r mber of acres out of this lease placed in such unit bears to the total number of acres included in such unit. The com-
inencement or completion of a well, or the continued operation or production of gas from an existing well, on any portion of an operating unit shall be
construed and considered as the commencement or completion of a well, or the continued operation of. or production of gas from a well on each and ail
of the lands within and comprising such operating unit: provided. that the provisions of this paragraph shall not affect the payment or non-payment of
delay rentals with respect to portions of this premises not included Ina unit. but this lease as to such portions of this premises not included in a unit,
shall be deemed to be a separate lease. In the event portions of the above described lands are ncluded in several units, each portion so included shall
constitute a separate lease, and the particular owner or owners of the lands under each separate lease shall be solely entitled to the benefits of and be
subject to the obligations of lessor under each separate lease. Lessee shall execute in writing and record in the conveyance records of the county in which
the land herein leased is situated an instrument identifying and describing the consolidated acreage.
14. This lease and all its terms. conditions and stipulations shall extend to. and be binding on each of the parties who signs this lease, regardless of
whether such lessor is named above end regardless of whether it is signed by any of the ether parties herein named as lessors This lease may be signed
in counterparts, each to have the same effect as the original.
IN WITNESS WHEREOF, we sign the day and year first above written,
Witness: AITSST*
p 001151969
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.............Z..vµyl:�i'U�:l Ann Spomerr, Records/
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Weld County, Colorado. A Political Subdivision
of the State of Colorado. By The Board of
nye r minty rxla,ek a a.ranwriaw
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STATE OF COLORADO 1 INDIVIDUAL(S) ACKNOWLEDGEMENT (Colorado, Nebraska,
COUNTY OF WELD 1}ss Wyoming, Utah, Kansas, North Dakota, South Dakota, Montana,
On October 15 , 19 69 , before me personally appeared Marshall H. Anderson
Glenn K. Billings. Harold M. Anderson. County Commissioners. Weld County, Colorado
to me known to be the person(s) described in and whose name(s) is (are) subscribed and who executed the foregoing instrument
and acknowledged to me that he (she) (they) duly executed the same as his (her) (their) free and voluntary act and deed, including
the release and waiver of the right of homestead, the said wife (wives) having been by me fully apprised of her (their) right(s) and
effect of signing and acknowledging the said instrument. Given under my hand and seal the day and year last above written.
My Commission Expires -
Notary Public
Residing at:
STATE OF INDIVIDUAL(S) ACKNOWLEDGEMENT (Colorado, Nebraska,
COUNTY OF ss Wyoming, Utah, Kansas, North Dakota, South Dakota, Montana,
On , 19 before me personally appeared
to me known to be the person(s) described in and whose name(s) is (are) subscribed and who executed die foregoing instrument
and acknowledged to me that he (she) (they) duly executed the same as his (her) (their) free and voluntary act and deed, including
the release and waiver of the right of homestead, the said wife (wives) having been by me fully apprised of her (their) right(s) and
effect of signing and acknowledging the said instrument. Given under my hand and seal the day and year last above written.
My Commission Expires -
Notary Public
Residing at:
STATE OF INDIVIDUAL(S) ACKNOWLEDGEMENT (Colorado, Nebraska,
COUNTY OF ss Wyoming, Utah, Kansas, North Dakota, South Dakota, Montana,
On 19 before me personally appeared
to me known to be the person(s) described in and whose name(s) is (are) subscribed and who executed the foregoing instrument
and acknowledged to me chat he (she) (they) duly executed the same as his (her) (their) free and voluntary act and deed, including
the release and waiver of the right of homestead, the said wife (wives) having been by me fully apprised of her (their) right(s) and
effect of signing and acknowledging the said instrument. Given under my hand and seal the day and year last above written.
My Commission Expires
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OIL AND GAS LEASE
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Notary Public
Residing at:
This instrument was filed for record on the
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the records of this office.
Register of Deeds.
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When recorded, return to
CORPORATE ACKNOWLEDGEMENT (Colorado, Nebraska,
Wyoming, Utah, Kansas, North Dakota, South Dakota, Montana,
On 19 , before me personally came the above named
(who being by me duly swom, did say that he is the
President of
a corporation, and that the seal affixed to said instrument is the corporate seal of said corporation) who is personally known to me
to be the identical person and officer whose name is affixed to the above instrument as President of said corporation,
and acknowledged the instrument to be his free and voluntary act and deed and the free and voluntary act and deed of said cor-
poration; that said corporation executed said instrument and that said instrument was executed, signed and sealed on behalf of
said corporation by authority of its Board of Directors or by authority of its By -Laws.
My Commission Expires:
Notary Public
Residing at:
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