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Home My WebLink About20213271.tiffEIV November 16, 2021 Board of County Commissioners Weld County, Colorado P.O. Box 758 Greeley, Colorado 80632 Attn: County Commissioners Vet �?i7��.. WELD COUNTY COMMISSIONERS Re: Request for Consent to Assignment Weld County Oil and Gas Lease Dear County Commissioners: Please accept this letter and its attachments as a request for consent to assign the following Weld County Oil and Gas Lease as required by paragraph 9 of the Lease: 1. Weld County Oil and Gas Lease dated July 30, 2020 recorded at Reception No. 4618921, covering approximately 1.21 net mineral acres located in Section 30, T. 8 N., R. 60 W.; L. ao 3 al o 2. Weld County Oil and Gas Lease dated July 30, 2020 recorded at Reception No. 4618920, covering approximately 1.21 net mineral acres located in Section 29, T. 8 N., R. 60 W.; L to 311 - 3. Weld County Oil and Gas Lease dated July 30, 2020 recorded at Reception No. 4618919, covering approximately 1.21 net mineral acres located in Section 29, T. 8 N., R. 60 W.; 1_ tO 3 Wit - % 4. Weld County Oil and Gas Lease dated July 30, 2020 recorded at Reception No. 4618918, covering approximately 1.21 net mineral acres located in Section 30, T. 8 N., R. 60 W.; L 20 3 a ci l DPOC, LLC assigned to Foundation Energy Find III -A, L.P., Foundation Energy Fund III -B Holding, LLC, Foundation Energy Fund IV -A, L.P., and Foundation Energy Fund IV -B Holding, LLC, the percentage of its right, title and interest in and to the Leases pursuant to the Assignment, Conveyance and Bill of Sale attached as Exhibit A as detailed therein. DPOC, LLC assigned to Mile Hi Oil & Gas, Inc. the percentage of its right, title and interest in and to the Leases pursuant to the Assignment, Conveyance and Bill of Sale attached as Exhibit B as detailed therein. Enclosed is a check for $400.00 to cover the assignment fee of $100.00 per Lease. Please execute this letter in the space provided below to indicate Weld County's written consent to assign the Leases, and return the executed original in the enclosed postage -paid envelope. Thank you for your service. Sincerely, POC, LE,C By ordan Ma son, VP of Land The ; card of County Commissioners of the County of Weld approves and consents to the assig .me.It of l and Leases as defined above, on this 24th day of I\ ovember 2021 By: Name: Title: Steve Moreno 2)s BOCC Chair aO kr\ ,Art.,n, k -- a R. fiseTibeiLL if- aZ 41# oti 2021-3271 Leo 3 1— 1 LE03 lc EXHIBIT A [Exhibit A begins on the following page] 4772653 11/03/2021 03:18 PM Total Pages: 3 Rec Fee: $23.00 Carly Koppes - Clerk and Recorder, Weld County , CO When Recorded Please Return To: DPOC, LLC 1400 16th Street, Suite 300 Denver, CO 80202 ASSIGNMENT OF OIL AND GAS LEASES This Assignment of Oil and Gas Leases ("Assignment") is dated as of August 4th, 2021 by and among DPOC, LLC, a Delaware limited liability company whose address is 1400 16th Street, Suite 300, Denver, CO 80202 ("Assignor"), and Foundation Energy Fund III -A, L.P., a Delaware limited partnership, Foundation Energy Fund III -B Holding, LLC, a Texas limited liability company, Foundation Energy Fund IV -A, L.P., a Delaware limited partnership, and Foundation Energy Fund IV -B Holding, LLC, a Texas limited liability company, whose collective address is 5057 Keller Springs Road, Suite 650, Addison, TX 75001 ("Assignees"). For $10 and other good and valuable consideration, the receipt and sufficiency of which are acknowledged, Assignor assigns to the Assignees, their successors and assigns, an aggregate undivided 8.681250% of Assignor's right, title and interest in the leases described on Exhibit A attached hereto, insofar and only insofar as the leases cover the lands specifically described on Exhibit A, to be owned by each Assignee as follows: Assignee Foundation Energy Fund III -A, L.P. Foundation Energy Fund III -B Holding, LLC Foundation Energy Fund IV -A, L.P. Foundation Energy Fund IV -B Holding, LLC Total: Percentage of Assignor's Interest: 0.267622% 0.856999% 3.788195% 3.768434% 8.681250% TO HAVE AND TO HOLD the interests in these leases unto Assignees, their successors and assigns, forever, subject to the following terms and conditions: A. No Warranty of Title. This Assignment is made without any warranty of title, express or implied. B. Proportionately Sublect to Existing Burdens. Each Assignee will bear its proportionate share of all royalties, overriding royalties, and other burdens on production in existence at September 1, 2021. C. Purpose. This Assignment is made to fulfill an assignment obligation under the Farmout Agreement dated August 25, 2017 between Assignees and Assignor. D. Counterparts. This Assignment may be executed by Assignor and Assignees in any number of counterparts, each of which shall be deemed an original instrument for all purposes and all of which together shall constitute one agreement. 4772653 11/03/2021 03:18 PM Page 2 of 3 IN WITNESS WHEREOF, Assignor and Assignees have executed this Assignment, effective September 1, 2021. DPOC, LLC By: Nam •rd. attson Title: Vice President - Land STATE OF COLORADO § CITY AND § COUNTY OF DENVER § Foundation Energy Fund III -A, L.P. Foundation Energy Fund III -B Holding, LLC Foundation Energy Fund IV -A, L.P. Foundation Energy Fund IV -B Holding, L.L.C. By: Foundation Energy Management, LLC, as Manager of each entity By: Name: Joellgauer Title: Executive Vice -President This instrument was acknowledged before me this 3(. day of t luti US , 20.2 1 , by Jordan Mattson as Vice President - Land of DPOC, LLC, a Delaware limited liability company, on behalf of the company. My commission expires: STATE OF COLORADO § CITY AND § COUNTY OF DENVER § 22 Notary Public KELSEY PILIPOVICH NOTARY PUBLIC STATE OF COLORADO NOTARY ID 20184028928 MY COMMISSION EXPIRES JULY 18. 2022 This instrument was acknowledged before me this 24.t ' day of Ygr1 . , 2d 1 , by Joel Sauer as Executive Vice President of Foundation Energy Management, LLC, a Texas limited liability company, as Manager of Foundation Energy Fund III -A, L.P.; Foundation Energy Fund M- B Holding, LLC; Foundation Energy Fund IV -A, L.P.; and Foundation Energy Fund IV -B Holding, L.L.C. My commission expires: f 12CP 124' TAYLOR DAVEY NOTARY PUBLIC STATE OF COLORADO NOTARY ID 20174026711 MY COMMISSION EXPIRES JUNE 26, 2025 2 Notary blic Exhibit A the Leases to that certain Assignment of Oil and Gas Leases dated effective September 1, 2021 by and between DPOC, LLC, as Assignor, and Foundation Energy Fund III -A, LP., Foundation Energy Fund Ill -B Holding, LLC, Foundation Energy Fund IV -A, LP., and Foundation Energy Fund IV -8 Holding, LLC, as Assignee Contract Fite No DPOC-1161 DPOC-1162 OPOC•11£1 DPOC-1764 DPOC-1181 MARMF RK 01 11-000 MARK -3C01 MARK -0001 MARK -0001 MARK -0002 i MARK -0002 MARK -0002 MARK -0002 MARK -0003 MARK•II033 MARK -0003 MARK -0003 Original Lessor Board of County Commissioners of the Countyof Weld Board of County Commissioners of the County of Weld Board of County Commissioners of the County of Weld Board of County Commissioners of the County of Weld Mountain States Minerals. LLC Jade Reserves, Inc. Jade Reserves, Inc. Jade Reserves, Inc. Jade Reserves, Inc. Mark E. Brown and Carla Jo Brown, 57509 Mark £, Brown and Carla Jo Brown, JTR05 Mark E. Brown and Carla Jo Brown.11505 Mark E. Brown and Carla Jo Brown. JTROS Peoco, Inc. Pence. Inc. Peacce, Inc. Pepsi:). Inc Orig. Lewes DPOC, LLC OPOC, LLC DPOC, LLC DPOC. LLC DP0C, LLC Markus Production, Inc. Markus Production, Inc. Markus Production, Inc. Markus Production, Inc. 11/I2/2010 Markus Production. inc. ' 11/15/2010 Markus Production. Inc Markus Production. int. Markus Production, Inc. 11/15/2010 CO Weld Markus Production, Inc. Markus Production, Inc.. Markus Production. Inc. Markus Production, Inc. 5/18/2011 eirecthra State Dane 7/30/2020 1 CO 7/30/2020 j CO Weld 4618920 7/30/2020 7/30/2020 12/22/2020 CO 11/1.1/2010 CO 11/12/2010 11/12/2010 Coy Weld 4618921 CO Weld CO CO CO CO Weld 37329Z9 CO Weld Weld Weld 4664370 LOTS 1-2: 2/281W/4; N1/4 ADA N/2 Weld 3732929 LOTS 3-4; 5/2NW/4 ADA NW/4 Weld 3732929 Weld l 3732929 4618919 1 4618918 PARCEL 20 Tract Short PARCEL 21 PARCEL 18 PARCEL 19 11/15/2010 CO Weld 11/15/2010 CO Weld 5(18/2011 S/18/2011 9/18/2011 CO CO CO CO Weld 3772398 Weld Weld 3772395 Weld 3772398 5/288/4 SE/4 SW/4 3731930 . LOTS 3-,; S/2NW/4 ADA NW/4 3732930 3732930 3732930 3772398 LOTS 3-4.5/2NW/4 ADA NW/4 S/ZNE/4 S£/4 SW/4 S/ZNE/4 SE/4 SW/4 Section 030 029 OBN 029 OBN I 60W 030 OBN 1 60W 031 001 001. 001 078 60W 1160.00000000 C01 001 Township Range 08N 60W SOW OSN , 60W 07N 07N 60W 60W Tract Gross 1.21000000 1.21000000 1.23000000 1.21000000 317.17000000 159.28000000 B0.00000000 L 001 001 001 - 001 001 003 001 07N SOW 1160.00000000 078 601 07N 60W 07N 07N 07N 07N 07N 07N SOW 60W 60W 60W 60W SOWJ 159.26000000 80.00000000 160.00000000 160.00000000 159,28000000 80.00000000 160.00000000 16020000000 03 CD C) c 1/l O Cu) Ca) Wd 81.:£0 I,ZOZ/£0n L EXHIBIT B [Exhibit B begins on the following page] A 4750128 08/26/2021 01:31 PM Total Pages: 3 Rec Fee: $23.00 Carly Koppes - Clerk and Recorder, Weld County , CO When Recorded Please Return To: DPOC, LLC 1400 16th Street, Suite 300 Denver, CO 80202 ASSIGNMENT OF OIL AND GAS LEASES This Assignment of Oil and Gas Leases ("Assignment") is dated as of August 4, 2021 by and among DPOC, LLC, a Delaware limited liability company whose address is 1400 16th Street, Suite 300, Denver, CO 80202 ("Assignor"), and Mile HI Oil & Gas, Inc., a Colorado Corporation, whose address is 8955 South Ridgeline Boulevard, Suite 900, Highlands Ranch, CO 80129 ("Assignee"). For $10 and other good and valuable consideration, the receipt and sufficiency of which are acknowledged, Assignor assigns to the Assignee, their successors and assigns, an undivided 1.218750% of Assignor's right, title and interest in formations from the surface of the earth to the base of the Carlile formation, and an undivided 12.18750% of Assignor's right, title and interest in formations below the base of the Carlile formation, in and to the leases described on Exhibit A attached hereto, insofar and only insofar as the leases cover the lands specifically described on Exhibit A attached hereto. TO HAVE AND TO HOLD the interests in these leases unto Assignee, their successors and assigns, forever, subject to the following terms and conditions: A. No Warranty of Title. This Assignment is made without any warranty of title, express or implied. B. Proportionately Subject to Existing Burdens. Each Assignee will bear its proportionate share of all royalties, overriding royalties, and other burdens on production in existence at September 1, 2021. C. Purpose. This Assignment is made to fulfill an assignment obligation under that certain unrecorded Purchase and Sale Agreement ("PSA") dated effective April 1, 2018 by and between Assignor and Assignee. In the event of a conflict between the terms of this Assignment and the terms of the PSA, the terms and conditions of the PSA shall control and prevail for all purposes. D. Counterparts. This Assignment may be executed by Assignor and Assignee in any number of counterparts, each of which shall be deemed an original instrument for all purposes and all of which together shall constitute one agreement. 4750128 08/26/2021 01:31 PM Page 2 of 3 IN WITNESS WHEREOF, Assignor and Assignee have executed this Assignment, effective September 1, 2021. DPOC, LLC By: Na a rd attson Title: Vice President - Land STATE OF COLORADO § CITY AND § COUNTY OF DENVER § Mile Hi Oil & Gas, Inc. By: Name: -P. David Kennedy, Title: President g qb day of AVM", Ada' by This instrument was acknowledged before me this d Jordan Mattson as Vice President - Land of DPOC, LLC, a Delaware limited liability company, on behalf of the company. My commission expires: STATE OF COLORADO § CITY AND LtW? § COUNTY OF DENVER' § Jeon n- This instrument was acknowledged before me this day of I"F, !it/7iI . by P. David Kennedy as President of Mile Hi Oil & Gas, Inc., a Colorado Coon behalf of the company. II My commission expires: 12- 23 -2( it Notary Pub MADISON MAMAGHANI NOTARY PUBLIC STATE OF COLORADO NOTARY ID 20174038078 COMMISSION EXPIRES AUG. 29, 2021 MACKENZIE FOSLER Notary Public State of Colorado Notary ID #20134079662 My Commission Expires 12-23-2021 2 Notary Public ♦ attached to and made a part of that certain Assignment of Oil Exhibit A the teases and Gas Leases by and between OPOC, LLC, as Assignor, and Mile Hi Oil & Gas, Inc., as Assingee, dated et`ect;ve September 1, 2021 - Contract File Ni Original Lessor 9 Orig. Lessee - Effective Date State County Reception I Tract Short Section Township Range Tract Gross DPOC-1087c Allison Ann Glastad, Executor of the Estate of Karl A. Glastad DPOC, LLC 5/29/2019 CO Weld 4498867 SE/4 025 08N 61W 160.00000000 DPOC-1161 Board of Cvunt' Commissioners of the County of Weld OPOC. tLC 7/30/2020 CO Weld 461892] PARCEL 21 ; 030 08N 6GW DPOC-1162 Board of County Commissioners of the Coun of we; M d DFQC. l.LC 7/3012020 I CO Weld 4618920 0 OPOC-1183 °card of County Commissioners of the County of Weld OPOC. LLC 1/30/2020 CO Wed 4618919 PARCEL 19 029 08N 60W 1.214+00x300 DPOC-1164 Board of County Curnmigooners of theCounty of Weld DPOC. LIC _ 1.21000000 7/30/2020 CO Weld 4618918 PARCEL 20 030 03N 60W DPOC-1181 L Mountain States Minerals, LLC OPOC, LLC 12/22/2020 CO Weld 4664370 LOTS 1.2; E/ThW/4; NE/4 ADA N/2 031 08N 60W 317.17000000 MARK -0001 Jade Reserves, ,nc. Markus Production, inc. 11/12/2010 CO Weld 3732929 LOTS 3-4; S/2NW/4 ADA N W/4 001 07N 60W ' 159.28000000 MARK -0001 lade Reserves, Inc. Markus Production, tnc. - 11/12/2030 CO Weld 3732929 - S/2NE/4 001 07th' 60W 80.00000000 MARK, x001 Jade Reserves, Inc. Markus Production, Inc. .—.- t 11/12/2010 l CO Weld 3732929 5E/4 001 0'1N 60W 160.00000004 MARK -0001 Jade Reserves, Inc. Markus Production, Inc. 11/12/2014 CO Weld 3732929 Sw/d1 001 07N 60W 160.00030000 MARK -0002 Mark E. Brown and Carla Jo Brown, JTROS Markus Production, Inc. 11/15/2010 CO Weld 3732930 LOTS 3.4; S/2NW/4 ADA N W/4 001 07N 60W 159.28000000 - ~ MARK- 00&,2 Mark E. Brown and Cada 10 Brown. 1TROS Markus Production, Inc. 11/15/2030 CO Weld 3732930 S/2NE/4 001 07N SOW ' 80.00-000000 `AARK.0X2 Mark E. Brown and Carla io Brown, 1TROS Markus Production. Inc. Markus Production. inc. 11/15/2010 _ C4 Weld i 3732930 SETA 001 07N SOW 160.00000000 MARK -0002 Mark E. Brown and Carla Jo Brown, STROS 11/15/2010 CO Weld 3732930 SW/4 001 GIN 60W 150.000QQQO MARK -0003 Pepco, Inc. Markus Production, Inc. 5/18/2011 CO Weld 3772398 LOTS 3-4; SIZNW/4 ADA NW/4 001 07N 60W 159.28000000 I MARK -0003 Pepco, lnc. Markus Production, Inc. ' 5/13/2011 CO Weld 3772393 5/2NE/4 CO1 07N 60W 80.00000000 MARK -0003 PeRto, inc. Markus arks uProduction, inc. 5/28/2011 CO Weld , 3772398 SEA 0 001 07N 60W :& ,00p00000 MARK -0003 Pepco. inc. M Markus Production, Inc. 5/18.12031 CO Weld j 3772393 Ski/c 001 07N 60W 160.000000100 CD CA) O C4 O 00 I-ZOZ/9Z/80 O CA) au DPOC, LLC 1400 16TH ST., SUITE 300 DENVER, CO 80202 Page 1 of 1 VENDOR No. \ NAME CHECK DATE CHECK NUMBER AMOUNT Weld County Government Nov 16, 2021 2769 $400.00 Reference ASSIGNFEE ASSIGNFEE ASSIGNFEE ASSIGNFEE cw } tz) y8 Inv Date 11/16/21 11/16/21 11/16/21 11/16/21 Invoice No. DPOC-1161 DPOC-1162 DPOC-1163 DPOC-1164 Invoice Amt 100.00 100.00 100.00 100.00 Prior Pmt 0.00 0.00 0.00 0.00 PAYEE: DETACH THIS STATEMENT BEFORE DEPOSITING Discount Amount Paid 0.00 0.00 0.00 0.00 100.00 100.00 100.00 100.00 P\33yvi\n, \- L�o3a1 -t3 LEO31 - t `t tc DPOC, LLC 1400 16TH ST., SUITE 300 DENVER, CO 80202 Page 1 of 1 VENDOR No. \ NAME CHECK DATE CHECK NUMBER AMOUNT Weld County Government Nov 16, 2021 2769 $400.00 Reference ASSIGNFEE ASSIGNFEE ASSIGNFEE ASSIGNFEE Va. C9, °\40 y8 Inv Date 11/16/21 11/16/21 11/16/21 11/16/21 Invoice No. DPOC-1161 DPOC-1162 DPOC-1163 DPOC-1164 Invoice Amt 100.00 100.00 100.00 100.00 Prior Pmt 0.00 0.00 0.00 0.00 PAYEE: DETACH THIS STATEMENT BEFORE DEPOSITING Discount Amount Paid 0.00 0.00 0.00 0.00 100.00 100.00 100.00 100.00 /1\353\e -vin ex\ \- L.,03 ati -- t DPOC, LLC 1400 16TH ST., SUITE 300 DENVER, CO 80202 Page 1 of 1 VENDOR No. 1 NAME CHECK DATE CHECK NUMBER AMOUNT Weld County Government Nov 16, 2021 2769 $400.00 Reference ASSIGNFEE ASSIGNFEE ASSIGNFEE ASSIGNFEE Inv Date 11/16/21 11/16/21 11/16/21 11/16/21 Invoice No. DPOC-1161 DPOC-1162 DPOC-1163 DPOC-1164 Invoice Amt 100.00 100.00 100.00 100.00 Prior Pmt 0.00 0.00 0.00 0.00 PAYEE: DETACH THIS STATEMENT BEFORE DEPOSITING Discount Amount Paid 0.00 0.00 0.00 0.00 100.00 100.00 100.00 100.00 AS S yr\Inn_ tin \c- \o3S1 13 LEO3 s; r- LEo3a41 - 1 Lo DPOC, LLC 1400 16TH ST., SUITE 300 DENVER, CO 80202 Page 1 of 1 VENDOR No. \ NAME CHECK DATE CHECK NUMBER AMOUNT Weld County Government Nov 16, 2021 2769 $400.00 Reference ASSIGNFEE ASSIGNFEE ASSIGNFEE ASSIGNFEE Rtc.s.:‘ pi\ c\ le y8 Inv Date 11/16/21 11/16/21 11/16/21 11/16/21 Invoice No. DPOC-1161 DPOC-1162 DPOC-1163 DPOC-1164 Invoice Amt 100.00 100.00 100.00 100.00 Prior Pmt 0.00 0.00 0.00 0.00 PAYEE: DETACH THIS STATEMENT BEFORE DEPOSITING Discount 0.00 0.00 0.00 0.00 Amount Paid 100.00 100.00 100.00 100.00 11\35siyyme.AIN\ LEO3 tc LE..a3ai - r L0 Hello