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SIGN OIL AND GAS LEASE #554
BEAVER MESA EXPLORATION COMPANY
EXPIRES SEPTEMBER 20, 197X's
WHEREAS, the Beaver Mesa Exploration Company of 444-17th Street,
Denver, Colorado, 80202, has presented an Oil and Gas Lease, covering the
following tract of land, situate in Weld County, Colorado, more particularly
described as follows:
Northeast Quarter (NEI) of Section 32, Township 4 North, Range
61 West, of the 6th P. M., Weld County, Colorado. Contains
160 net 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
of Weld County, Colorado, that it does hereby accept by signing an Oil and
Gas Lease,County #554, with the Beaver Mesa Exploration Company for the described
parcel of land listed above, for a period of five years with delay rental of
$1.00 per net mineral acre.
The above and foregoing resolution was, on motion duly made and
seconded, adopted by the following votes // �p
AYES: M/ Ir.e.�f
a
"TH BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
DATED: SEPTEMBER 20, 1972
MB 38: 4/711 LHR 486
Le O1fl 9 720001
COQ 678
Farm&H-(Praaucerg) C OIL AND GAS LE.Ar, gr
Kut.i Okla.&Colo. 1957
-- t
THIS AGREEMENT, Entered into this the--20th_day of •epteeber 19 72
between WELD COUNTY, a Political Subdivision of the State of Colorado, by
its Board of County Commissioners, Greeley, Colorado 80631
r hereinafter called lessor,
mle._R EAVRR MESA nPTAWAT2Ofi CO„ 444-17th St. . Danvers/� l�gry;�er�uua�luo2ao„ witness: •
I. That lessor. for and in consideration of the sum of nrellars In hand paid and of the covenants and agreements hereinafter contained
to be performed by the lessee, has this day granted, leased. and let and by these presents does hereby grant, lease, and let exclusively unto the lessee the
hereinafter described land, and with the right to unitize this lease or any part thereof with other oil and gas leases as to all or any part of the lands covered
thereby as hereinafter provided. for the purpose of carrying on geological. geophysical and other exploratory work. Including core drilling. and the drilling, mining.
and operating for, producing, and saving all of the oil, gas. casinghead gas, casinghead gasoline and all other gases and their respective constituent vapors.
and for constructing roads, laying pipe lines, building tanks, storing oil, building power stations, telephone lines and other structures thereon necessary or
convenient for the economical operation of said land alone or conjointly with neighboring lands, to produce. save. take care of, and manufacture all of such
substances, and for housing and boarding employees, said tract of land with any reversionary rights therein being situated in the County of -
Weld , State of_-ca3Dr'adO —. and described as follows:
// /0e A gg ACT 19 1972
NE/4 Section 32-4N-61W / Recorded .r 599922
\� n 1 beg, No....._—. /j Ms7ga... �.n+.r
siess
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and containing 360 acres, more or less.
2. It is agreed that this lease shall remain in full force for a term of years from this date, and as long thereafter as oil
or gas. or either of them, la produced from said land for from lands with which sal• k d is consolidated, or the premises are being developed or operated.
3. In consideration of the premises the said lessee covenants and agrees:
To deliver to the credit of lessor, free of cost. In the pipe line to which lessee may connect his wells, the equal one-eighth It i part of all oil
produced and saved from the leased premises.
4. The lessee shall monthly pay lessor as royalty on gas marketed from each well where gas only is found, one-eighth Rio of the proceeds if sold at the
well. or if marketed by lessee off the !eased premises. then one-eighth I si i of Its market value at the well. The lessee shall pay the lessor: lei one-eightt. 'Vs',
of the proceep9 received by the lessee from the sale of casinghead gas. produced from any oil well: ,b, one-eighth its, of the value. at the mouth of the well.
computed at tine prevailing market price. of the casinghead gas. produced from any oil well and used by lessee off the leased premises for any purpose or
used on the lenqsed premises by the lessee for purposes other than the development and operation theruf. Lessor shall have the privilege at his own risk and
expense of talk gas !rem any gas well on said land for stoves and inside lights In the principal dwelling located on the leased premises by making his own
• connections thereto.
Where gas from a well or wells. capable al producing gas only. Is not sold or used for a Period of one year. lessee shall pay cr tender as royalty, an
t'i amount equal to the delay rental as provided in paragraph 10' hereof payable annually on the anniversary date of this lease following the end of each such
K year during which such 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 pars- '
graph numbered two hereof. ��saastttttt//,rrrtitttt i
5. If operations tor the drilling of a well for oil or gas are not commenced on said land on or before the_ day of_ Septembe.Zg e�g,3
this less shall terminate as to both parties, unless the lessee shall on or before said date pay or tender to the ssor or for the lessor's credit In the
First National Bank at__Greeley, Colorado 80631. or its successes, which Bank 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 twit of ownership in said
land or in the oil and gas or in the rentals to accrue hereunder, the sum of_ yg�.-hundred sixty ;lag/ —l%llare, which shall op-
erate 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 far like periods successively. All payments or tenders may be made by
check or draft of lessee or any aniline*thereof. mailed or delivered on or before the rental paying date, either direct to lessor or assigns or to said depository
bank 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 ea to the acreage surrendered, and thereafter the rentals
payable hereunder shall be reduced in the proportion that the acreage covered hereon is reduced by said release or releases.
8. Should the first well drilled on the above described land be a dry hole. then, and in-that event, if a second well la not commenced on said land
within twelve months from expiration of the last rental period lbr which rental has been paid, this lease shall terminate as to both parties, unless the
lesser 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
provided. 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 rentals and the elYect thereof shall continue In force lust as though there had been no interruption in the rental payments.
7. If said lessor owns a less interest In the above described land than the entire and undivided fee simple estate therein. (hen the royalties and rentals
herein provided shall be paid the lessor only in the proportion which hi interest bears to the whole end undivided fee. However, such rental shall be in-
creased at the next succeeding rental anniversary after any 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 on 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 remove 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 their 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 send the privilege of assigning In whole or in part is expressly allowed the covenants hereof shall extend
to the heirs. devisees, executors, administrators, successors, and a-ions, but no change of ownership in the land or in the rentals or royalties or any sum
due under this lease shall be binding on the lessee until it has . brnlshed with either the original recorded instrument of conveyance or a duly certified
copy thereof or a certified copy of the will of any deceased ow er • of the probate thereof, or certified copy of the p.uceedings showing appointment Of
an administrator for the estate of any deceased owner, whit ye • ••cute, together with all original recorded instruments of conveyance or duly Curtis
fled copies thereof necessary In showing a complete chain of itl ba o Jt. •r to the full Interest claimed, and all advance payments of rentals made here-
under before receipt of said documents shall be binding on an • r o IgatFe t ignee, grantee, devisee. administrator, executor, or heir of lessor.
10. It is hereby agreed that in the event this lease shall ; a 1ai�(/eg/ o jj��ppa t r as to parts of the above described land and the holder or owner
of any such part or parts shall make default in the payment of the r •'at a he rent due from him or them. such default shall not operate to
defeat or affect this lease Insofar as it covers a part of said land upo i•. - assignee hereof shall make due payment of said rentals.
II. Lessor hereby warrants aa4----` s^ see-..w.w. .•... .., .w. -..a w..... . agrees that the lessee, at its option, may pay and discharge in
whole or in part any taxes. mortgages, or other Ilene existing. levied, or assessed on or Ina 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 reimbur self by applying to the discharge of any such mortgage, tax or other
lien, any royalty or rentals accruing hereunder.
12. 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 a such operations are prosecuted and. If production
eaWlts therefrom, then as long as production continues.
If within the primary term of this lease, production on the leased premises shall cease from any cause. this lease shall not terminate provided ope-
rations for the drilling of a well shall be commenced belbre 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 400i 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.
13. Lessee is hereby expressly granted the right and privilege 'which Lessee may exercise at any time either before or alter 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 unite of not to exceed approximately en acres
each. If such operating unit or units is so created by Lme, Lessor agrees to swept and shall receive out of the gas production from each such unit such
portion of the gas royalty as the number of arm out of this lease plated in such unit bean to the total number of acres included in suds unit. The com-
mencement 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 all
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 leese' as to each portions of this premises not included in a unit,
shall be deemed to be a separate lean. In the event portions of the above described lands are included in several units, each portion so included shall
co stltute a separate lean, and the particular owner or owners of the lands under each separate lease shall be solely entitled to the benefits of and be
seitgeot to the obligations of lessor under each separate lease. Lessee shall execute in writing and re ord in the conveyance records of the county in which
the land herein leased it situated an instrument identifying and describing the consolidated acreage.
It. This lean and at We 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 and regardless of whether it is signed by any of the other parties herein named as lessors This lease may be signed
in counterparts. each to have tie same effect as the original. WELD �y�� COLORADO,WITNESS WHEREOF, we sign the day and year first above written. WELD COUNTY, COLD ADO, a Political
wawa:
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Subdivision of the State of Colorado,
ATTEST: by th and of Coun Commissioners
COUNTY CLERK ANA-RECORBER,AND ,rf sfq
CLERK TO .THE BOARD
1 Duty: County Curie
s'K 678 1599922 .2 -D-
STATE OF g ra/aafl' _1 INDIVIDUAL(S) ACKNOWLEDGEMENT (Colorado, Nebraska,
COUNTY OF Iss
we Wyoming, Utab,Kansas,North Dakota, South Dakota, Montana,
D September 20 , 19-7._, before me per :pally 'appeared
Glenn K. Billings. Harry Se Ashley, Marshall He Anderson, The' Board of County
Cnmmicginnerc# Wald Cnt ant It, Cninradn
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.
r _`
My Commission Expires:. 4'
i 27. ..te _ .i
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 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 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: .
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STATE OF 1ss CORPORATE ACKNOWLEDGEMENT (Colorado, Nebraska,
COUNTY OF J} . Wyoming,Utah,Kansas,North Dakota, South Dakota,Montana,
On , 19 , before me personally came the above named
(who being by me duly sworn, 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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Upon the termination of this lease in whole or in part by election or by failure to
make payments as aforesaid, lessee or his assigns shall within 30 days release by
written instrument the land or portion thereof which said lease terminates, and
said notice shall also be sent to the lessor giving the book and page of said lease.
It is expressly understood that this lease is subject to and controlled by any law
of the, State of Colorado now in effect restricting or limiting the powers of.Counties
or boards of-County Commissioners and provision herein in conflict therewith shall •
be inoperative and void.
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