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HomeMy WebLinkAbout20190884.tiffFebruary 12, 2019 Board of Weld County Commissioners 1150 O Street Greeley, Colorado 80632 RE: Consent to Assign Oil and Gas Lease Weld County, CO Ladies and Gentlemen, EEH �� BonRnza CR 410 17th Street, Suite 1400 Denver, CO 80202 (720) 440-6100 phone (720) 305-0804 fax Bonanzacrk.com Bonanza Creek Energy Operating Company, LLC has reached an agreement to assign all right, title and interest in and to the Weld County Oil and Gas Lease dated May 1, 2017 covering the described lands listed below to HighPoint Operating Company, LLC: Township 5 North. Range 61 West. 6th P.M. Section 34: Si Recorded at Reception No. 4299053. As per paragraph 9.A of the lease, advance written consent of the Lessor is required to assign the lease. Please indicate your consent by signing in the space provided below and return to the undersigned at the letterhead address. Please feel free to contact me at (303)803-1732 or via email at mfaith@bonanzacrk.com should you require anything further in this matter. Regards, Bonanza Creek Energy Operating Company, LLC Maxwell Faith Manager - Land ACCEPTED AND CONSENTED TO THIS DAY OF BOARD OF WELD COUNTY COMMISSIONERS By: Name: Mike Freeman Title: Pro—Tem C o vnSs.r.. * P.oe-v\da FEB 2 7 2019 2019 2019-08846) Laoa-18 = WELa COUNTY LARGE-TRACT C31L AND GA5 LEASE Cantaining 320 acres, more or less: Containing 320 net mineral acres, more ar less: TH15 LEASE AGFtEENiENT, dated this 1st day�₹ Mav , 20 '17, made and entered into by and betweer� WELD CQUNTY, COLORAdC1, a pofitical subdivisi�n of the STATE t]F C�3LQRADO, acting by and through the Bt'�ARD OF C{}U�fTY C{�MMISSIOtdERS OF THE CC3UNTY C1F W�LD, far its respective inferests, c/o BOARCI OF Cl'}UNTY COMMISSiC�NERS, 1150 t3 STREET, P.O. BOX 758, GREELEY,CO 80632, hereinafter called Lessor,and: Bt�NANZA GREEK ENERGY OPERATING CE3. LLC 410 17th St. Suite 1400 Denver, CQ 8�202 hereinafter cailed Less�e: W li"NESSETH WHER�A�, said Lessee has applied to Lessor for an oil and gas lease cover9ng the land herein described, and has paid a filing fee in the amount o# �'10.00, plus a bonus cansrdera#ion of $ 3,OOQ per mineral acre, fixed by Lessor as an additional consideration for the granting of thEs lease, and Lessee agrees#o pay an annuaE rental of$ Sa0�t3� , comput�d at the rate of 52.50, per mineral acre or fractian thereof per year, and the fflllowing consideration: WHEREAS, all the r�quirernents reiati�e to sa�d �pplication have been duEy complied with �nd saic4 application has been apprc�ved and allowed by Lessor; THEREF�RE, in consideration of the agreemen#s herein, on the part of Lessea to be paid{ kept and performed, Lessar does Cease exclusively to Lessee tor the sole and c�niy Purpose af cirilfing for, development af and praduction of oil and gas,or eithsr of them,thereon and therefrom with the right to awn all oil and gas sa produced and saved therefrtsm and nat reserv�d as royalty by Lessor under₹he tErms of this lease, together with rights-of-way, easements and servitudes for pipelines, telephone and Yelegraph lines, tanks a�td fixtures for producing and car�ng for such praduct, ar�d housin� and baarding amployees, and eny anti all rights and privileges necessary for the explc�raf�on and aper�tiQn of said tand far oil and gas, the folfowing described land situated in the County of Weld, State af Colorado, and more particularly described as follpws: S�CTION TOWNSHIP RANGE 34 5N 61W DESCRIPTIt�N Of LANb{attach exhibit i#additional space is required) S1/2 ' 7D HAVE AND TO HOLD said land, and all the rights and privileges granted hereunder to�essee until the hour of i�vefve o'clock noan on the 15t day of Nlay , 20 2�, as primary term, �nd so iong thereafter as oil and gas, or eithsr of them, Ps produced in p�ying quantities frcrm said land or Lessee rs difigen#ly engaged in bona fide driping or rewarking operatians on s�id fand, subject to the terms and condifions herein. Drilling of reworking operatians shall be deemed ta be diligently performed if there rs no 924 9@53 Pageg: 1 af 12 ?_017-�197 05/03l2017 10:57 AM R F�e:�0.00 Carly 'apes, Clerk and R�eorder, Weld Gaur,iy, CO ' (ReVi5edQ5/20i7) •fll��KY�������P�M1��F�'�wVh�4��k i�h �I IIC t�"Q�.�g C. � � � �c� - ���, BONANZA CREEK ENERGY, INC. CHECK NO. 410 17TH STREET, SUITE 1400 • DENVER, CO 80202 • (720) 440-6100 82188 1902 -AP - 984 02 / 12 / 19 CKREQ021219 100 . 00 0 . 00 100 . 00 Consent to assign an oil and gas lease ( C02620 ) L.E., O a \ED 1n41 4 1 W P, T , T) C„n TT\T T Y R n A R n nF srnr,2cd2 17411,1 q 1 0 0 . 0 0 Hello