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Home My WebLink About20251013.tiffCov\,r �cA zp s 3�3 MEMORANDUM TO: Clerk to the Board DATE: March 20, 2025 FROM: Jazmyn Trujillo -Martinez, Planning Services Dept. SUBJECT: BOCC Agenda Item — Approve Consent to Assign Road Maintenance Agreement For: Bayswater Exploration & Production, LLC — 1041 WOGLA20-0068 Request to Approve Consent to Assign Road Maintenance Agreement: The Department of Planning Services received a request from the applicant, Bayswater Exploration and Production LLC, requesting that the Board of County Commissioners consider approving the Consent to Assign the Road Maintenance Agreement for (1041 WOGLA20-0068), recorded under Reception Number #4644200 and Tyler #2020-3162, from Bayswater Exploration & Production, LLC to Prairie Operating Co., LLC. No collateral is required with this agreement. Weld County Planning Services, Public Works, and the County Attorney's Office have reviewed the above mentioned signed original document and Consent to Assign letter request and found no concerns with the request. Recommendation: The Departments of Planning Services, Public Works, and the County Attorney's Office are recommending approval of the Consent to Assign the Road Maintenance Agreement for 1041 WOGLA20-0068, and that this item be placed on the next regularly scheduled BOCC Hearing, as part of the Consent Agenda. cc: Dawn Anderson, Planning Services 5023722 Pages: 1 of 4 04/18/2025 10:49 AM R Fee:$0.00 Carly Koppes, Clerk and Recorder, Weld County , CO a o nSAx1l, RQ�\d`ct -��- a Co.. PL(DAI$7irk/KR) os/ i9 / 25 o%nbaS.L_ 5 - ag -a5 2025-1013 OCR 0003 elk BAYSWATER villpEXPLORATION & PRODUCTION February 11, 2025 Board of County Commissioners Weld County, Colorado Attention: Ms. Jess Reid 1150 O Street Greeley, Colorado 80632 Re: Request for Consent to Assign Road Maintenance Agreements Weld County, Colorado Dear Ms. Reid, Bayswater Resources LLC, Bayswater Fund III -A, LLC, Bayswater Fund III -B, LLC, Bayswater Fund IV -A, LP, Bayswater Fund IV -B, LP, Bayswater Fund IV -Annex, LP, and Bayswater Exploration & Production, LLC (collectively "Bayswater") and Prairie Operating Co., Prairie Operating Co., LLC, Otter Holdings, LLC, Prairie S WD Co., LLC, and Prairie Gathering I, LLC (collectively "Prairie") have entered into a Purchase and Sale Agreement dated February 6, 2025, covering a substantial portion of Bayswater's DJ Basin assets, including its rights and obligations attributable to Road Maintenance Agreements further described on Exhibit A, attached hereto. Under the Purchase and Sale Agreement, Bayswater intends to assign all of its rights and obligations in the Road Maintenance Agreements, described on Exhibit A, to Prairie, effective December 1, 2024. Similarly, Prairie intends to assume all of the same rights and obligations, and be bound by the provisions of the Supply Agreement, effective December 1, 2024. Accordingly, per Section C.1.0 of the Road Maintenance Agreements, Bayswater hereby respectively requests your prior written consent to the anticipated assignment. This Consent to Assign may be executed in any number of counterparts, each of which shall be deemed an original instrument, but all in which together shall constitute one and the same instrument This Consent to Assign will only be effective upon closing. If closing is not consummated on or before March 31, 2025, this Consent to Assign shall thereupon automatically terminate without further action and shall be of no further force or effect. Please provide your written acceptance to this Consent to Assign by executing below and returning the same to my attention. Thank you for your prompt attention to this matter. Should you have any questions or comments regarding the above, please feel free to contact me at 720.881.4504 or by email at Thammond@bayswater.us Sincerely, 730 1r Street, Suite 500 Denver, Colorado, 80202 U.S.A. Telephone: 303-893-2503 Fax: 303-893-2508 Bayswater Resources LLC Bayswater Fund III -A, LLC Bayswater Fund III -B, LLC Bayswater Fund IV -A, LP Bayswater Fund IV -B, LP Bayswater Fund IV -Annex, LP Bayswater Exploration & Prodpction, LLC Tyler Hammond Sr. District Landman Agree to and accepted this day of Yl , 2025. Board of County Commissioners Weld County, Colorado Chair, Bod of County Commissioners ATTEST: did.%) ..(64.; Weld County Clerk to the Board By: Okapi Deputy Clerk to the Board Ara 1 4 2025 5023722 Pages: 3 of 4 04/18/2025 10:49 AM R Fee:$0.00 Carly Koppes, Clerk and Recorder, Weld County , CO 1111 Ilk Bill BAYSWATER 730 17th Street, Suite 500. Denver, CO 80202 303-893-2503 2 z 25- IDES BAYSWATER mopEXPLORATION & PRODUCTION Exhibit A Docume nt # WOGLA Description Recording Date Operator County 4572320 1041 WOGLA20- 0001 R1MA20-0004 - ROAD MAINTENANCE & IMPROVEMENT AGREEMENT K O I.C, — O13Z, 3/5/2020 BAYSWATER EXPLORATION AND PRODUCTION LLC Weld County, Colorado 4591109 1041 WOGLAI9- 0012 RMA20-0016 - ROAD MAINTENANCE & IMPROVEMENT AGREEMENT AO ao - l 334 5/18/2020 BAYSWATER EXPLORATION AND PRODUCTION LLC Weld County, Colorado 4597393 1041 WOGLA 19- 0020 RMA20-0027 - ROAD MAINTENANCE & IMPROVEMENT AGREEMENT ac....o- - l ko l3 6/9/2020 BAYSWATER EXPLORATION AND PRODUCTION LLC Weld County, Colorado 4644200 1041 WOGLA20- 0068 RMA20-0051 - ROAD MAINTENANCE & IMPROVEMENT AGREEMENT a aao - 3 ► k., a 10/27/2020 BAYSWATER EXPLORATION AND PRODUCTION LLC Weld County, Colorado 4672920 1041 WOGLA20- 0082 RMA20-0064 - ROAD MAINTENANCE & IMPROVEMENT AGREEMENT _o afJ — 3 $ ‘ k 1/19/2021 NICKEL ROAD OPERATING LLC Weld County, Colorado 4707851 1041 WOGLA20- 0093 RMA21-0013 - ROAD MAINTENANCE & IMPROVEMENT AGREEMENT a o al- ko 9 i 4/23/2021 BAYSWATER EXPLORATION AND PRODUCTION LLC Weld County, Colorado 4892799 1041 WOGLA22- 0018 RMA23-0002 - ROAD MAINTENANCE & IMPROVEMENT AGREEMENT ao •a 3 -acts, 4/17/2023 BAYSWATER EXPLORATION AND PRODUCTION LLC Weld County, Colorado 4989878 1041 WOGLA22- 0018 AMENDIA24-0001 -1st AMENDMENT TO ROAD MAINTENANCE & IMPROVEMENT AGREEMENT •a 0 a. 4 - a -14Q. 10/23/2024 BAYSWATER EXPLORATION AND PRODUCTION LLC Weld County, Colorado 5023722 Pages: 4 of 4 04/18/2025 10:49 AM R Fee :$0 . 00 Carly Koppes, Clerk and Recorder Weld County , CO Mgr I"6i�Cl Y��iNri� '�'R!�il4�t*AIII III 730 17'" Street, Suite 500 Denver, Colorado,_80202 U.S.A. Telephone: 303-893-2503 Fax. 303-893.2508 ract Entity Information Entity Name* Entity ID* PRAIRIE OPERATING COMPANY @00048054 LLC Contract ID 9343 Parent Contract ID Contract Name* ASSIGN ROAD MAINTENANCE AGREEMENT 1041 WOGLA20-0068 PRAIRIE OPERATING CO., LLC Contract Status CTB REVIEW Q New Entity? Contract Lead* jTRUJILLOMARTINEZ Contract Lead Email jtrujillomartinez@weld.go v Requires Board Approval YES Department Project # t Contract Description* ASSIGN ROAD MAINTENANCE AGREEMENT 1041 WOGLA20-0068 FROM BAYSWATER EXPLORATION & PRODUCTION, LLC TO PRAIRIE OPERATING CO., LLC, ORIGINAL RECEPTION NUMBER #4644200, NO COLLATERAL '.: REQUIRED Contract Description 2 Contract Type* Department AGREEMENT PLANNING Amount* $0.00 Renewable* NO Automatic Renewal Grant IGA Department Email CM-Planning@weld.gov Department Head Email CM-Planning- DeptHead@weld.gov County Attorney GENERAL COUNTY ATTORNEY EMAIL County Attorney Email CM- COUNTYATTORNEY@WEL D.GOV Requested BOCC Agenda Due Date Date* 04/12/2025 04/16/2025 Will a work session with BOCC be required?* NO Does Contract require Purchasing Dept. to be included? NO If this is a renewal enter previous Contract ID If this is part of a MSA enter MSA Contract ID Note: the Previous Contract Number and Master Services Agreement Number should be left blank if those contracts are not in OnBase Contract Dates Effective Date Termination Notice Period Contact Information Review Date* 04/16/2026 Committed Delivery Date Renewal Date Expiration Date* 04/16/2027 Contact Info Contact Name Contact Type Contact Email Contact Phone 1 Contact Phone 2 Purchasing Purchasing Approver Approval Process Department Head DAWN ANDERSON DH Approved Date 04/07/2025 Final Approval BOCC Approved Tyler Ref # AG 041425 BOCC Signed Date BOCC Agenda Date 04/14/2025 Purchasing Approved Date Finance Approver CHERYL PATTELLI Finance Approved Date 04/08/2025 04/08/2025 Legal Counsel Approved Date Originator JTRUJILLOMARTINEZ Legal Counsel BYRON HOWELL Hello