The URL can be used to link to this page

Browse Search

Home My WebLink About20210541.tiff142 INCLINE NIOBRARA PARTNERS January 27, 2021 Weld County Board of Commissioners Attn: Jess Reid 1150 O Street Greeley, CO 80631 Re: Request for Consent to Assign Oil and Gas Lease Township 5 North. Ranee 64 West. 6th P.M. Section 15: A tract of land situated in the SW/4 Weld County, Colorado Dear Ms. Reid, Sent via FexEx 1243F5X80398980542 RECEIVED FEB 1 1 2021 WELD COUNTY COMMISSIONERS Incline Niobrara Partners, LP ("INP") is currently negotiating an agreement for the sale of certain Oil and Gas Leases in Weld County, Colorado to GREP III -A DJB, LLC and GREP III -B DJB, LLC ("Grey Rock'). Pursuant to the terms of Oil and Gas Lease dated May 9, 1984 between Weld County, Colorado, a political subdivision of the State of Colorado, by the Board of County Commissioners, as Lessor, and Golden Buckeye Petroleum Corporation, as Lessee, recorded in Weld County, CO at Reception No. 1969212, INP hereby requests your consent to assign this lease to Grey Rock. Please properly execute this Letter in the space provided below and return one executed copy to INP prior to March 1, 2020. In addition, a check for $100.00 made out to the Weld County Board of Commissioners, which covers the assignment of lease fee, is enclosed. Upon receipt, please acknowledge receipt of this check by signing below and returning in the pre -stamped envelope provided in this packet. If you have any questions, please feel free to contact me at (405) 613-0222 or via email at blake@inciinelp.com. vers Vice President - Land Incline Niobrara Partners, LP I hereby consent to the assignment of the Oil and Gas tease described above to Grey Rock and have received the $100.00 assignment of lease fee payment. WELD COUNTY BOARD OF COMMISSIONERS Signature Steve Moreno Name (Printed) BOCC Chair Title (Printed) COh�v`} (�oxnry�.c. a-ay_ao�\ FEB 2 42021 Date Incline Niobrara Partners, LP 5011 N. Central Expy • Dallas, TX 75205 www.inclinelp.com 2021-0541 Jessica Reid From: Sent: To: Subject: Jessica, Blake Beavers <blake@inclinelp.com> Wednesday, February 17, 2021 3:59 PM Jessica Reid Re: Weld County Consent to Assign ounty Governments Do or 4 The part of this OGL that Incline owns resides in 5N-64W-15-SESE which encompasses 1.0783 gross acres (it's essentially the left 25% of the turquoise line on your map below). When Golden Buckeye originally took this OGL from Weld County, they owned 100% of the OGL. Over the course of the time, Golden assigned (sold) a percentage of the rights to the OGL to third parties. The rights to an OGL can be assigned in any percentage, so for example, if Golden assigned a 1.00% interest in the OGL to 100 people, and those people still owned it to this day, then the OGL would technically be owned by 100 people, and not Golden. When it comes to the 1.0783 acre tract that Buchanan/Scotia owned, our records show that they owned a 29% interest in the OGL (29% of 1.0783 gross acres comes out to 0.312707 net mineral acres), with Noble owning the remaining 79%. With this separate ownership in place, Incline is strictly requesting a consent to assign our 29% to Grey Rock. Thanks, Blake Beavers Vice President - Land Incline Energy Partners, LP (405) 613-0222 www.inclinelp.com On Wed, Feb 17, 2021 at 2:47 PM Jessica Reid <ireid@weldgov.com> wrote: Blake, Thanks for providing the history on the lease at Reception No. 1969212. I'm still trying to sort this one out before I can send the Consent to Assign to the Commissioners for approval. The portion Incline acquired from Buchanan/Scotia Gas, how many acres do you show that lease to be? And when you say Noble and Incline both own a share of the lease, does that mean you each lease a certain amount of acreage or does that mean a percentage of the lease? I show Noble acquired the lease via Reception No. 3534181, in 2007. If Noble still has interest in a portion, I'm not sure how Incline can assign their portion, unless you can clearly identify what Incline's portion is, specifically. Does that make sense? I'm just having a hard time wrapping my head around this whole thing and the sooner I can sort it out the sooner 1 can get it on the Commissioner's agenda. 1 If this is an oil and gas communication please use the email address ctb- oilandgasleasing(a.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 Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Blake Beavers <blake@inclinelp.com> Sent: Friday, February 12, 2021 2:36 PM To: Jessica Reid <jreid@weldgov.com> Subject: Re: Weld County Consent to Assign i rorn!vyeror000 I�© ridf iidk lit ks of 0 I do not have a specific chain of Reception #'s, but this is what happened: 2 1) Golden Buckeye takes lease from Weld County 2) Golden Buckeye gets bought out by Prima 3) Prima gets bought out by Petro -Canada 4) Petro -Canada gets bought out by Noble Blake Beavers Vice President - Land Incline Energy Partners, LP (405)613-0222 www.inclinelp.com On Fri, Feb 12, 2021 at 3:31 PM Jessica Reid <jreid@weldgov.com> wrote: I know you don't work for Noble, but do you have any info about how Noble acquired their portion? Like a Reception No.? If this is an oil and gas communication please use the email address ctb- oilandgasleasinqaweldgov.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 3 Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Blake Beavers <blake@inclinelp.com> Sent: Friday, February 12, 20212:16 PM To: Jessica Reid <ireid@weldgov.com> Subject: Re: Weld County Consent to Assign Dover 'ent [Ja not cl�cl No worries at all, ask as many questions as needed. Noble and Incline both own a share of the lease, Noble just has a much bigger share of it. Blake Beavers Vice President - Land Incline Energy Partners, LP (405)613-0222 www.inclinelp.com On Fri, Feb 12, 2021 at 2:35 PM Jessica Reid <jreid@weldgov.com> wrote: 4 Blake, I'm sorry to be a pain. Our records on this lease are very sparse. I have the original lease between us and Golden Buckeye and notes that Noble had the lease at one point, then the assignment you sent me. Do you happen to have any documentation of the status of the lease prior to it being assigned to Incline? Any info you could provide me would be extremely helpful! If this is an oil and gas communication please use the email address ctb- oilandoasleasin_claaweldgov.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 Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Blake Beavers <blake@inclinelp.com> Sent: Thursday, February 11, 2021 3:42 PM To: Jessica Reid <jreid@weldgov.com> Subject: Re: Weld County Consent to Assign 5 When we acquired this lease via Reception 4203763 (attached -- lease highlighted on Page 8), it was limited to just Section 15 (see Exhibit B on Page 11), so we internally reflect no ownership in Section 22. Blake Beavers Vice President - Land Incline Energy Partners, LP (405) 613-0222 www.inclinelp.com On Thu, Feb 11, 2021 at 4:13 PM Jessica Reid <ireid@weldgov.com> wrote: Blake, For visual reference, the teal outline is what I show the tractl looks like. Just so I have it documented correctly, Incline is intending to keep the portion of the tract in Sec 22 and assign the portion that is in Sec 15? So half of the total 7.07 acres? 6 If this is an oil and gas communication please use the email address ctb- oilandgasleasingaweldgov.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 Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Blake Beavers <blake@inclinelp.com> Sent: Thursday, February 11, 2021 2:49 PM To: Jessica Reid <ireid@weldgov.com> Subject: Re: Weld County Consent to Assign Yes ma'am, only Section 15 -- let me know if you need anything else! Blake Beavers Vice President - Land Incline Energy Partners, LP (405) 613-0222 www.inclinelp.com On Thu, Feb 11, 2021 at 2:30 PM Jessica Reid <ireid@weldgov.com> wrote: Hi Blake, 8 Want to double check on Reception No. 1969212, that lease encompasses a tract in Section 15 and one in Section 22. Are you only wanting to assign Section 15, as it is the only Section listed on the letter? If this is an oil and gas communication please use the email address ctb- oilandgasleasinuawelduov.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 Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. 9 Hello