HomeMy WebLinkAbout20210925.tiff RECEIVED
EXTR4CT1iT1
MAR Z 2 2021
oil & Gas WELD COUNTY
COMMISSIONERS
March 16, 2021 Sent Certified Mail No.
7017 1450 0000 8851 8449
Weld County, Colorado
Board of County Commissioners
1150 O Street
Greeley, Colorado 80632
RE : Notice of Oil & Gas Lease Assignment
Weld County, Colorado
Reception Numbers. 3914564, 4024028 , 4024029, 4085078 , 4085077
0.,03 l, F.o3at-1 LE.oas1 Le. L035LA0
Dear Board of County Commissioners :
Extraction Oil & Gas, Inc. ("Extraction") holds an interest in the Oil & Gas Leases
attached hereto as Exhibit "A" (the "Lease") . Extraction plans to assign and convey a Wellbore
Only interest in the Lease to SRR Rockies, LLC ("SRR") .
Under the terms of the Lease, the Lessee shall notify Lessor of all assignments of undivided
percentage or other interest. Extraction hereby is providing notice that we intent to assign an
undivided wellbore only interest in the Leases described on Exhibit "A" to SRR. We will provide
copies of the Assignments once they are recorded.
If you should have any questions or require additional information, please contact me at
(720)-939-5877 or lsachen@extractionog. com.
Sincerely,
Extraction Oil & Gas, Inc.
Lesley Sachen
Landman
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Jessica Reid
From : Lesley Sachen < Isachen@extractionog . com >
Sent: Tuesday, March 23 , 2021 3 : 12 PM
To: CTB - Oil and Gas Leasing
Subject: RE : Assignments
Attachments: OGL Weld County_ASMT of wellbore interest to SRR.xlsx
Caution : This email originated from outside of Weld County Government. Do not click links or open attachments unless you recognize the
sender and know the content is safe.
Hi Jess,
Yes, that' s correct . Only the lease with reception number 3908202 required the fee and consent . The other leases had
the following language : SepaccAc CoGCcSpo sevOopon
9 . ASSIGNMENTS -
A. Lessee, upon payment of a $25. 00 fee and prior written consent of Lessor (which shall not
be unreasonably withheld ) , shall have the right to assign the entire leasehold interest of
said Lessee in all or part of the land covered hereby Prior to written approval by Lessor of
assignment of this lease, Lessee ( assignor) shall not be relieved of its obligations under the
terms and conditions herein . An assignment shall not extend the term of this lease .
B If any assignment of a portion of the land covered hereby shall be approved , a new lease
shall be issued to the assignee covering the assigned land, containing the same terms and
conditions as this lease, and limited as to term as this lease is limited, and the assignor shall
be released and discharged from all further obligations and liabilities as to that portion so
assigned
C Lessee shall notify Lessor of all assignments of undivided percentage or other interests. Said
interests will not be recognized or approved by Lessor, and the effect of any such
assignments will be strictly and only between the parties thereto , and outside the terms of this
lease : and no dispute between parties to any such assignment shall operate to relieve
Lessee from perfomance of any terms or conditions hereof or to postpone the time therefore.
Lessor shall at all times be entitled to look solely to Lessee or his assignee shown on its
books as being the sole owner hereof, and for the sending of all notices required by this lease
and for the performance of all terms and conditions hereof.
D . Atthough not binding on Lessor, all instruments of every kind and nature whatsoever affecting
this lease should be filed with the Lessor.
I believe this falls under "C . " Since this is an undivided interest in the lease , being a wellbore only assignment, it just
requires notice . Let me know if you disagree and we can follow up and provide what is needed .
Maybe once you process our request you can just send an email that you have received notification for the Oil & Gas
leases at reception numbers : 3914564, 4024028 , 4024029 , 4085078 . 4085077 being assigned to SRR for the
attached list of wellbores (column L of attached xls) .
Please let me know if I can provide additional information .
Thanks,
Lesley
1
From : CTB-Oil and Gas Leasing < CTB-OilandGasLeasing@co . weld . co . us >
Sent : Tuesday, March 23 , 2021 2 : 31 PM
To : Lesley Sachen < Isachen@extractionog . com >
Subject : Assignments
[ EXTERNAL]
Hi Lesley,
I received the 5 assignments you sent . Is the reason you didn ' t send the assignment fee because you are not assigning
any part of the leases, only a wellbore interest in each lease ? I just want to have it documented for the files .
If this is an oil and gas communication please use the email address ctb-
oilandgasleasing(d weldgov. com opposed to my personal email address.
Jess Reid
Deputy Clerk to the Board
Weld County
1150 O Street
Greeley, CO 80631
tel: 970-400-4212
; . r
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2
Exhibit "A"
Lessor: Weld County, Colorado, a political subdivision of the State of Colorado
acting by and through the Board of County Commissioners of the County
of Weld
Lessee: Jordance Energy, Inc.
Lease Date: 2/25/2013
Recorded: Reception No. 3914564
Land Covered: 6N -66W Section 36:
That part of the NW1/4 NE1/4, described
as follows to wit: beginning at a point on
the North line of the NW1/4 /4 NE1/4 /4 of said
Section 36, 757.5 feet East of the Northwest
Comer (NWCor) of the said NW1/4 NE1/4;
thence running South 664.0 feet to a point; thence running West to the
West line of said SW1/4 NE1/4; thence running North on the
West line of said NW 1/4 NE1/4 664.0 feet
more or less to the Northwest Comer (NWCor) of the NW1/4 NE1/4;
thence East 757.5 feet along the North line of said
NW 1 /4NE 1/4 to the point of beginning.
Lessor: Weld County, Colorado, a political subdivision of the State of Colorado
acting by and through the Board of County Commissioners of the County
of Weld
Lessee: Land Energy, Inc.
Lease Date: 5/27/2014
Recorded: Reception No. 4024028
Land Covered: 6N -66W Section 25:
All that part and parcel of the SW % SE % of Section 25 as lies on the
Southerly side of the South boundary line of the right of way of the
Denver, Laramie and Northwestern Railroad Company, and Westerly of
a line drawn to run Northward and parallel with the West line of said
SW % SE'/, which Northward line begins a point three hundred and
eighty feet East of the Southwest comer of said tract on the South line
thereof and runs North to the point of intersection with said South
boundary of the right of way line
County of Weld, State of Colorado. 0.48 acres more or less
Lessor: Weld County, Colorado, a political subdivision of the State of Colorado
acting by and through the Board of County Commissioners of the County
of Weld
Lessee: Land Energy, Inc.
Lease Date: 5/27/2014
Recorded: Reception No. 4024029
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Land Covered:
6N -66W Section 36:
All that part of the following described tract of land which lies in the
NWl/SW%: A strip of land eighty (80) feet in width lying immediately
North parallel and adjacent to the right of way of Colorado Southern
Railway Company commencing at a point where said right of way
intersects the North line of the Southwest quarter of the Southwest
quarter (SW % SW %) of Section Thirty-six (36). Township Six (6) North,
of Range Sixty-six (66) West of the Sixth P.M. in Weld County,
Colorado, running thence Northwesterly to the West line of the Southeast
quarter of the Northeast quarter (SEIANE1/4) of Section Thirty-four (34),
Township Six (6), North, of Range Sixty- six (66) West of the Sixth
P.M., in Weld County, Colorado. Containing 2.10 acres, more or less
Lessor: Weld County, Colorado, a political subdivision of the State of Colorado
acting by and through the Board of County Commissioners of the County
of Weld
Lessee: Land Energy, Inc.
Lease Date: 1/30/2015
Recorded: Reception No. 4085078
Land Covered: 6N -66W Section 25:
A strip of land 60 feet wide lying northerly of and adjacent to a line
drawn fifty feet northerly of and parallel to the center line of the Denver
Laramie and Northwestern Railroad crossing the SW'ASE% of Section
25-T6N-R66W, 6th P.M. Said strip of land beginning on the easterly line
of said SW % SE% and running westerly to the northeasterly line of the
County Road. County of Weld, State of Colorado. Containing 1.65
acres more or less.
Lessor: Weld County, Colorado, a political subdivision of the State of Colorado
acting by and through the Board of County Commissioners of the County
of Weld
Lessee: Land Energy, Inc.
Lease Date: 1/30/2015
Recorded: Reception No. 4085077
Land Covered: 6N -66W Section 25:
All that part of the SW % SE% of Section 25-T6N-R66W, 6th P.M. lying
South of County Road 64, being more particularly described as:
Beginning at the Northwest Corner of the Spanish Colony, thence North
0"20'07" East, 128.00 feet to a point in the South line of County Road
64; thence along the South line of County Road 64 North 85"35'25"
West, 758.93 feet; thence South 0"20'19" West, 195.72 feet; thence
North 89"17'28" East, 757.15 feet to the point of beginning. Containing
2.813 acres, more or less. County of Weld, State of Colorado
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Hello