The URL can be used to link to this page

Browse Search

Home My WebLink About20194323.tiff r; ' °` • 4 ' i G₹ " NADOA Model Form Division Order (Adopted 9/95 ) ^g! LI :yc) t t F • r n 1110 VERDAD RESOURCES LL i F SC VE'pOAD 5950 CEDAR SPRINGS RD., SUITE 200 Date : 08/07/2019 RESOURCES DALLAS, TX 75235 Effective Date : First Sales ,IMP o5 - v 3a, ` i 15 , 05 - 1 ;),. .-3.- V58 \ Property Name : �IM�BRO 9-59-8B-9-2 & TIMBRO 9-59-8B-9-4 Operator: VERDAD RESOURCES, LLC Property Description : ALL 8 & ALL 9-9N -59W County and State : WELD/COLORADO Production : X Oil X Gas Both : Owner No. Owner Name Interest Type NRI Decimal 6043 WELD COUNTY COLORADO RI 0 . 00703125 BOARD OF COUNTY COMMISSIONERS PO BOX 758 GREELEY, CO 80632 The undersigned certifies the ownership of the decimal interest in production or proceeds as described above payable by Verdad Resources, LLC (Verdad). Verdad shall be notified, in writing, of any change in ownership, decimal interest, or payment address. All such changes shall be effective the first day of the month following receipt of such notice. Verdad is authorized to withhold payment pending resolution of a title dispute or adverse claim asserted regarding the interest in production claimed herein by the undersigned. The undersigned agrees to indemnify and reimburse Verdad any amount attributable to an interest to which the undersigned is not entitled. Verdad may accrue proceeds until the total amount equals $ 100 .00, or pay annually, whichever occurs first, or as required by applicable state statutes. This Division Order does not amend any lease or operating agreement between the undersigned and the lessee or operator or any other contracts for the purchase of oil or gas. In addition to the terms and conditions of this Division Order, the undersigned and Verdad may have certain statutory rights under the laws of the state in which the property is located. Special Clauses : SIGNATURE : . . - w Weld County Government 1150 " O " Street BOARD OF WEI -D COUNTY COMMI ; I Aa 49 ATTES :{ .:/ q � _ �1 tom.► Greeley, CO 80634 .; JI,+Y °'i1 �t , ' .err p h..: ;, . . ti,. ..'&.. .�G ", ., ' �v •�_ Phone : 970-336 -7204 CLE TO HE B r Fax . 970-336-7233 BY : � -_� �► � Tax ID : 84-6000-813 DEPUTYCLER OT E BOA %:,a1/ 14- 1 Federal Law requires you to furnish your Social Security or Taxpayer Identification Number, Failure to comply will result in additional tax withholding and will not be refundable by Verdad. vN, (44.sin\- cyc-9-in d- / op- a 30 kA PLEASE RE AIN THIS COPY 2019 -4323 0 taitoa9 9 Jessica Reid From: Mary Van Pelt <MVanPelt@VerdadOil.com> Sent: Tuesday, September 17, 2019 12:59 PM To: Jessica Reid Subject: TIMBRO 9-59 8A WELLS &TIMBRO 9-59 8B WELLS RE: Division Orders for Weld County Attachments: 002.tif; 003.tif; 004.tif; 1022_001.pdf 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. Sorry I am late in getting back to you! See below for the lease recording information and RI decimal calculation. The 4th attachment is the applicable title opinion pages. Thanks and have a great afternoon! From:Jessica Reid [mailto:jreid@weldgov.com] Sent:Tuesday, August 13, 2019 4:26 PM To: Mary VanPelt<MVanPelt@VerdadOil.com> Subject: Division Orders for Weld County Mary, Please be advised that the following information must accompany all division orders which are submitted to Weld County Board of County Commissioners for approval: 1. The reception number(s) or copy of the lease that shows Weld County's mineral interest. LEASE 4321020 2. Detailed calculations illustrating how the County's royalty interest was derived. INTEREST X (TRACT ACREAGE/TOTAL ACREAGE) = RI DECIMAL Owner Interest Tract Total 'tea Tract # Owner Type Interest Acreage Acreage Tract Total T III 6043 Weld County RI 0.22500000 40 1280 0.00703125 3. Title opinion pages that refer to Weld County's royalty interest. 4. If available, a letter sized copy of the plat reflecting the complete spacing unit with Weld County's mineral interest outlined and highlighted related to the division order. Also, please provide all acreage labels necessary to support the calculations used to arrive at the County's royalty interest. Please email me the information requested. Thank you. 1 SIreeEL • S LLI V 1125 I2In Denser S f t dC2 J ^� De±n4er CC AQ2D;_ 1. LEY. PC. =�I 3©3 en,2530 sa 3133!8"3?-2:66 A T 1 v R N E Y S A. i LAW iE19 N 11i7! 04 SLi4c=<2 C,Isper.WY$261?I 1('I r23d-6cp f 1/'2.1.4i4 r;8 June 6, 2019 DRILLING AND DIVISION ORDER TITLE OPINION Verdad Resources LLC 5950 Cedar Springs Rd., Ste. 200 Dallas, TX 75235 Attention: Mr. Lemar Safi Landman Re: All of Sections 8 and 9-9N-59W Weld County, Colorado Ladies and Gentlemen: Pursuant to your request, we have examined title to the following described lands located in Weld County, Colorado, for drilling and division order purposes, and give you our opinion thereon as follows: Township 9 North, Range 59 West. 6th P.M. Section 8: All Section 9: All containing 1,280.00 acres, more or less Limited to the following wells: Timbro 9-59-8A-9-1 (API 05-123-47563) Timbro 9-59-8A-9-2 (API 05-123-47559) Timbro 9-59-8A-9-3 (API 05-123-47564) Timbro 9-59-8A-9-4(API 05-123-47557) Timbro 9-59-8A-9-5 (API 05-123-47560) Timbro 9-59-8A-9-6(API 05-123-47561) Timbro 9-59-8A-9-7(API 05-123-47558) Timbro 9-59-8A-9-8 (API 05-123-47562) Timbro 9-59-8A-9-9(API 05-123-47556) Timbro 9-59-8A-9-10 (API 05-123-47565) Timbro 9-59-8B-9-1 (API 05-123-47568) Timbro 9-59-8B-9-2 (API 05-123-47575) Timbro 9-59-8B-9-3 (API 05-123-47583) Verdad Resources LLC Page 2 June 6, 2019 Timbro 9-59-8B-9-4(API 05-123-47581) Timbro 9-59-8B-9-5 (API 05-123-47570) Timbro 9-59-8B-9-6(API 05-123-47571) Timbro 9-59-8B-9-7 (API 05-123-47584) Timbro 9-59-8B-9-8 (API 05-123-47572) Timbro 9-59-8B-9-9 (API 05-123-47578) Timbro 9-59-8B-9-10(API 05-123-47579) Note: This opinion revises the Second Revised Drilling Title Opinion dated March 21, 2019 to add a division of interest and to incorporate the April 10, 2019 Assignment from Pikes Peak Energy, LLC to Verdad Resources, LLC. Note: For the purposes of identification and convenience we have further delineated the lands as Tracts [through III as follows: TRACT I Township 9 North, Range 59 West.6th P.M. Section 8: S/2 Section 9: SW/4 containing 480.00 acres, more or less TRACT II Township 9 North. Range 59 West, 6th P.M. Section 8: NW/4, S/2NE/4,NE/4NE/4 Section 9: N/2, SE/4 containing 760.00 acres, more or less TRACT III Township 9 North, Range 59 West, 6th P.M. Section 8: NW/4NE/4 containing 40.00 acres, more or less MATERIALS EXAMINED 1. Landman's Abstract of Title, unnumbered, covering the records of the Clerk and Recorder of Weld County, Colorado insofar as they pertain to Section 8 starting with the patent and ending with documents recorded through "PI Plant Date"of October 1, 2018. Verdad Resources LLC Page 17 June 6,2019 Oil,Gas, and Associated Hydrocarbons Owner Name Interest Weld County 100.000000% 100.000000% Oil and Gas Leasehold (limited to production from the Code11 and Niobrara formations from the Timbro 9-59-8A-9-1-9-59-8A-9-10 and Timbro 9-59-8B-9-1-9-59-8B-9-10 Wells) Landowner's Royalty Interest Interest OGL Weld County 22.500000% 27 OGL 27: I00%MI x 22.5%LOR 22.500000% Overriding Royalty Interest None of record Working Net Revenue Working Interest Interest Interest OGL Verdad Resources LLC 100.000000% 77.500000% 27 100.000000% 77.500000% CONSOLIDATED WORKING INTEREST (LIMITED TO PRODUCTION FROM THE CODELI, AND NIOBRARA FORMATIONS IN THE TIMBRO 9-59-1'A-9-1-9-59-8A-9-10 AND TIMBRO 9-59-8B-9-1--9-59-8B-9-10 WELLS) Tract WI Unit WI Tract NRI Unit NRI OIL India(USA) Inc. I: 7.5%WI *480/1280 2.812500% 2.250000% II: 5.5%WI * 760/1280 3.265625% 6.078125% 2.612500% 4.862500% IOCL (USA) Inc. I:3.75%WI * 480/1280 1.406250% 1.125000% II: 2.75%WI * 760/1280 1.632813% 3.039063% 1.306250% 2.431250% Verdad Resources LLC Page 54 June 6, 2019 including, but not limited to, helium, nitrogen, carbon dioxide, hydrogen sulphide, coal bed methane gas, casinghead gas and sulphur By Ratification of Oil and Gas Lease dated February 1, 2013, recorded March 8, 2013, Reception No. 3915627, Lori Sue Ferguson Vincent, David Benjamin Ferguson, Edwin James Ferguson, and Cherie Ann Ferguson Otis, adopts, ratifies, and confirms Lease No. 26 and do does hereby lease, demise and let,to Noble Energy, Inc. (in place of Contex Energy Company) as Lessee and declares and confirms that the lease is in full force and effect as of June 3, 2010, as if the undersigned had originally been named as Lessor Lease No. 27 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: Broadwing Properties I, LLC Date: July 12, 2017 Recording Data: July 25, 2017, Reception No. 4321020 Description: Township 9 North. Range 59 West, 6rn P.M. Section 8: NW/4NE/4 containing 40.00 acres, more or less Term: Until noon on July 12,2020 Royalty: 22.50% Delay Rentals: $2.50 per acre Shut-In Gas Royalty Clause: Yes; $2.50 per acre, with a minimum annual payment of$240 Verdad Resources LLC Page 55 June 6, 2019 Pugh Clause: No Pooling or Unitization Clause: Yes; broad form Affidavits of Production: None Declarations of Pooling: None Other: This lease contains numerous special provisions not common to fee leases in this area, including, but not limited to the following: At least thirty (30)days prior to the delivery or the execution of any contract for the sale, delivery, transporting or processing of gas produced from the Leases Premises, Lessee shall provide Lessor with a complete copy of each proposed contract for the purchase, transportation and/or processing of such gas that Lessee intends to execute (each a "Gas Contract"), whereupon, Lessor may object if the terms of said Gas Contract conflict with the terms and conditions of this Lease. Lessee to Advise Regarding Well Status: Lessee shall advise Lessor, in writing, of the location of all wells drilled upon the Leased Premises on or before thirty (30) days prior to commencement of operations, and shall advise Lessor, in writing, the date of completion and/or abandonment of each well drilled within thirty (30) days after completion or abandonment. Fee for Assignments: Lessee, upon payment of a $100.00 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. Verdad Resources LLC Page 56 June 6,2019 Partial Assignment: 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. Lessee to Notify: 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 performance 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. Overriding Royalty: Any and all reservations or assignments or overriding royalties shall be subject to approval by Lessor. The total of said overriding royalties shall not exceed five percent (5%), including any overriding royalty previously provided for unless production exceeds a monthly average of fifteen (15) barrels per day or ninety thousand cubic feet of gas per day (90 MCF/D). In the event production drops to this amount or less, any overriding royalties which exceed five percent (5%) may be suspended. Lessor's approval of a reservation or assignment of an overriding royalty shall not bind Lessor for payment of said overriding royalty and shall not relieve Lessee of any of its obligations for payment of royalties to Lessor as provided by ROYALTY paragraphs herein. Verdad Resources LLC Page 57 June 6, 2019 Water: This lease does not grant permission, express or implied, to Lessee for water exploration, drilling, or establishing water wells without the written permission of the surface owner. Extension: Lessee may make written application to Lessor for an extension of this lease. The granting of such extension shall be at the sole option of Lessor, according to the following conditions. Extension Limit: No lease term will be extended for more than six (6)months from the original expiration date. Extension Payment: The Lessee shall pay to the Lessor the sum of one-third of the original bonus. Delay Rental: The Lessee must pay to the Lessor the sum of Two and 50/100 Dollars ($2.50) per acre leased as delayed rental for the term of the extension. No Change in Royalty: The royalty will remain the same. Warranty of Title: Lessor does not warrant title to the leases premises, but it shall, upon request, allow Lessee access to such abstracts and other title papers as it has in its files. There shall be no obligation on Lessor's part to purchase new or supplemental or other title papers, nor to do any curative work in connection with title to the subject lands. All abstracts of title, whether new or supplementary, obtained by Lessee and covering the subject lands shall become the property of, and be delivered to, Lessor after Lessee has completed its title examination and curative work, subject, however, to the right of Lessee to use such COGIS - WELL Information Page 1 of 1 COGIS - WELL Information Scout Card ,. % Related Insp . et MIT GIS a Doc La COA Wellbore % Orders Surface Location Data for API # 05- 123-47575 Status : DG 5/22/2019 Well Name/No : Timbro 9-59 #8B-9-2 (click well name for production) Operator: VERDAD RESOURCES LLC - 10651 Status Date : 5/22/2019 Federal or State Lease #: FacilitylD: 456586 LocationiD: 456879 County: WELD #123 Location : NWSW 8 9N59W 6 PM Field : WILDCAT - #99999 Elevation : 5 , 044 ft. Planned Location 1428 FSL 600 FWL Lat/Long : 40 /61654/-104. 009524 Lat/Long Source: Field Measured Job Date : 7/23/2019 Reported : 8/22/2019 Days to report: 17 'RACO US Job End Date: 8/5/2019 Chemical Disclosure Registry Wellbore Data for Sidetrack #00 Status : DG 5/22/2019 Spud Date : 5/22/2019 Spud Date is: NOTICE WVel I bore Per .n It HORIZONTAL Permit #: Expiration Date : 8/12/2020 Prop Depth/Form: 16492 Surface Mineral Owner Same: Mineral Owner: FEE Surface Owner: FEE Unit: Unit Number: Formation and Spacing : Code: CODL , Formation : CODELL , Order: 535-1000 , Unit Acreage : 1280 , Drill Unit: 8:ALL, 9:ALL Formation and Spacing : Code : NBRR , Formation : NIOBRARA , Order: 535-1000 , Unit Acreage: 1280, Drill Unit: 8 :ALL, 9 :ALL Casing : String Type : CONDUCTOR , Hole Size : 24, Size : 16 , Top : 0 , Depth : 80 , Weight: 65 Cement: Sacks: 70, Top : 0 , Bottom : 80 , Method Grade: Casing : String Type : SURF , Hole Size : 13. 5 , Size: 9. 625, Top: 0 , Depth : 1850, Weight: 36 Cement: Sacks: 502 , Top: 0, Bottom : 1850 , Method Grade : Casing : String Type : 1ST , Hole Size : 8 .5, Size : 5. 5 , Top : 0 , Depth : 16492 , Weight: 20 Cement: Sacks: 2081 , Top : 0 , Bottom : 16492 , Method Grade : Wellbore Completed Completion Date : N/A Measured TD: Measured PB depth : True Vertical TD : True Vertical PB depth : Top PZ Location : Sec: 8 Twp: 9N 59W Footage : 2257 s 600 w Depth Bottom Hole Location : Sec: 9 Twp: 9N 59W Footages : 2252 FSL 300 FEL Depth Formation Log Top Log tottom Cored DSTs Completed information for formation N-COM Status : W 6/25/2019 1st Production Date: 4/1 /2019 Choke Size : Status Date : 6/25/2019 Open Hole Completion : Commingled : Production Method : Formation Name: NOT COMPLETED Status: WO Tubing Size : Tubing Setting Depth : Tubing Packer Depth : Tubing Multiple Packer: Open Hole Top: Open Hole Bottom : N o Initial Test Data was found for formation N -COM N o Perforation Data was f,*und for formation N -COIN https ://cogecastateocoeus/cogis/FacilityDetail . asp?facid= 12347575 &type=WELL 9/ 17/2019 COGIS - WELL Information Page 1 of 1 CO IS - WELL Inf . rRntion Scout Card ` Related CLinsp . MIT 0 GIS a Doc a COA t f Wellbore „ Orders Surface Location Data for API # 05- 123-47581 Status : DG 5/21 /2019 Well Name/No : Timbro 9-59 #8B-9-4 (click well name for production) Operator: VERDAD RESOURCES LLC - 10651 Status Date : 5/21 /2019 Federal or State Lease #: FacilitylD: 456593 LocationiD: 456879 County: WELD #123 Location : NWSW 8 9N59W 6 PM Field : WILDCAT - #99999 Elevation : 5 ,045 ft. Planned Location 1413 FSL 600 FWL Lat/Long : 40 . 761613/-104. 009524 Lat/Long Source: Field Measured Job Ftac , H. Ate F - . ‘ Date : 7/24/2019 Reported : 8/22/2019 Days to report: 17 Chemical Disclosure Registry Job End Date : 8/5/2019 Wellbore Data for Sidetrack #00 Status : DG 5/21 /2019 Spud Date: 5/21 /2019 Spud Date is: NOTICE Wellbore Permit HORIZONTAL Permit #: Expiration Date : 8/12/2020 2 : 39: 52 PM Prop Depth/Form : 16165 Surface Mineral Owner Same : Mineral Owner: FEE Surface Owner: FEE Unit: Unit Number: Formation and Spacing : Code : NBRR , Formation : NIOBRARA , Order: 535- 1000 , Unit Acreage: 1280 , Drill Unit: 8 :ALL, 9 :ALL Casing : String Type : CONDUCTOR , Hole Size: 24 , Size : 16 , Top: 0 , Depth : 80 , Weight: 65 Cement: Sacks : 70, Top : 0, Bottom : 80 , Method Grade : Casing : String Type : SURF , Hole Size: 13. 5 , Size : 9 .625 , Top: 0, Depth : 1850 , Weight: 36 Cement: Sacks: 502 , Top: 0 , Bottom : 1850, Method Grade : Casing : String Type : 1ST , Hole Size: 8. 5 , Size: 5. 5 , Top : 0 , Depth : 16298, Weight: 20 Cement: Sacks: 2060 , Top : 0 , Bottom : 16298, Method Grade : Wellb. re Completed Completion Date : N/A Measured TD: Measured PB depth : True Vertical TD : True Vertical PB depth : Top PZ Location : Sec: 8 Twp : 9N 59W Footage : 1874 S 600 w Depth Bottom Hole Location : Sec: 9 Twp : 9N 59W Footages: 1869 FSL 300 FEL Depth Formati t n Log Top Log Bottom Cored DSTs Completed information for formation N -COM Status : WO 6/25/2019 1st Production Date: 4/1 /2019 Choke Size: Status Date : 6/25/2019 Open Hole Completion : Commingled : Production Method : Formation Name : NOT COMPLETED Status : WO Tubing Size : Tubing Setting Depth : Tubing Packer Depth : Tubing Multiple Packer: Open Hole Top : Open Hole Bottom : No Initial Test Data was found for formation N-COll No Perforation Data was found for formation N-COWI https ://cogccestate . co .us/cogis/FacilityDetaiLasp?facid= 12347581 &type=WELL 9/ 17/2019 COUNTY ATTORNEY STAFF APPROVAL This is to affirm the attached Division Order and authorization to receive payment for an oil and gas well has been reviewed by the County Attorney' s staff as to form and legal description . Well Name ( s ) : Timbro 9- 59-8B -9 -2 , Timbro 9 -59-8B -9 -4 File Location ( s ) : LE0299 ,, ,,,,, - , „ _ --, -7, ,---iv ,_ cy zi-BY DATE : � `�01 7( ( I 1L<7 Bruce' a'Fkèr - CountyAttorney NOTES : LE0299 - 40 mineral acres/1280 spacing unit * 22 . 5% = 0 . 00703125% MATCH Hello