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HomeMy WebLinkAbout20181370.tiffRESOLUTION RE: AUTHORIZE EXTENSION OF OIL AND GAS LEASE COVERING CERTAIN PROPERTY OWNED BY WELD COUNTY, COLORADO - S11, T4N, R67W WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, Weld County is the owner of vast mineral lands located in Weld County, Colorado, and WHEREAS, Great Western Operating Company, LLC submitted a request to extend the lease of 0.189394 net mineral acres, more or less, described to -wit: Tract A, the Middle School Replat, in Section 11, Township 4 North, Range 67 West of the 6th P.M., Weld County, Colorado, and WHEREAS, Weld County desires to approve the request submitted by Great Western Operating Company, LLC to extend the lease on the above -described mineral acreage for $400.00 per net mineral acre, for a total sum of $75.76, which is to run for a period of six (6) months, commencing at twelve o'clock noon on May 22, 2018, and ending at twelve o'clock noon on November 22, 2018. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the request submitted by Great Western Operating Company, LLC, to extend the lease on the above -described mineral acreage for $400.00 per net mineral acre, for a total sum of $75.76, which is to run for a period of six (6) months, commencing at twelve o'clock noon on May 22, 2018, and ending at twelve o'clock noon on November 22, 2018, be, and hereby is, granted and approved. 4405386 Pages: 1 of 2 06/07/2018 12:57 PM P Fee:$0.00 Carly Koppes, Clerk and Recorder, Weld County, CO f 14 III III 2018-1370 LE0378 RE: AUTHORIZE EXTENSION OF OIL AND GAS LEASE COVERING CERTAIN PROPERTY OWNED BY WELD COUNTY, COLORADO - S11, T4N, R67W PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 30th day of April, A.D., 2018. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO ATTEST: G�y,�� G,w..,;� EXCUSED Steve Moreno, Chair Weld County Clerk to the Board EXCUSED Barbara Kirkmeyer, Pro-Tem BY: Deputy Clerk to the APP AS TO County A ttorney Mike Freeman Date of signature: 062-D4-i$ 4405386 Pages: 2 of 2 06/07/2018 12:57 PM R Fee:$0.00 Carly Koppes, Clerk and Recorder, Weld County, CO 1111 Kiril hlligle+'4li Viirklk «a .till l Mlr't IIA till ay 2018-1370 LE0378 reat We stem. OIL & GAS COMPANY Great Western Oaerating Conoany, LLC 1801 Broadway, Suite 500 Denver, CO 80202 www.gwogco.com Karla Hillrran Land Administration Manager 303.398.0302 866.742.1784 Fax khillman@cwogco.com April 12, 2018 Weld County Board of County Commissioners PO Box 758 Greeley, CO 80632 RE: Election to Exercise Option to Extend Primary Term Oil and Gas Leases dated May 22, 2015 Weld County LE 0375 Weld County LE 0376 Weld County LE 0377 Weld County LE 0378 Weld County LE 0379 Weld County LE 0380 Weld County, Colorado Ladies and Gentlemen, RECEIVE ELD COUNTY COMMISSDoNERS Pursuant to the terms of the captioned leases, Grizzly Petroleum Company, LLC is electing to extend the primary term of the referenced leases for an additional six (6) month period. The extended primary term will expire on November 22, 2018. Enclosed please find the following checks dated April 11, 2018. The checks are payable in the amounts due pursuant to the extension provision in the leases: Weld County LE 0375 Weld County LE 0376 Weld County LE 0377 Weld County LE 0378 Weld County LE 0379 Weld County LE 0380 Ck 26709 Ck 26710 Ck 26711 Ck 26712 Ck 26713 Ck 26714 5103.31 578.05 5184.46 $75.76 $48.00 5170.80 L �y 2018-1370 LE,0515 LEO:51 Great Western Operating Company, LLC CHECK NO. 26712 REFERENCE INVOICE DATE INVOICE NO. INVOICE AMOUNT PRIOR PAYMENT DISCOUNT AMOUNT PAID 1804 -AP -981 Option ioaled.—#.94,:r 04/04/18 to extend 70 180404CR-D lease addition 75.76 6 months RECEIVED APR WELD COMMISSIONERS 0.00 16 2018 COUNTY 75.76 1 k..Yt' 8 WELD COUNTY BOARD OF COUNTY :.: 0 4 / .1 / 18 Page 12 To properly document your receipt hereof, we respectfully request that you sign and date one (1) copy of the enclosed letter and return it to our office in the self-addressed, stamped envelope which has been enclosed for your convenience. Should you have any questions in this regard, please do not hesitate to contact our office. Since aria Hillman Enc: Receipt of the captioned extension payment is hereby acknowledged this 30th day of April ,2018. Weld County Board of County Commissioners Mike Freeman, Acting Chair Pro-Tem 02'0/f /o1p *PLEASE KEEP AND SCAN IN TYLER* Notes for Distribution Clerk When the Oil and Gas Extension Resolution comes back from Recording, please be sure to make a copy of the Resolution and mail the copy of the recorded Resolution to: Envelope not provided Great Western Operating Company, LLC 1801 Broadway, Suite 500 Denver, CO 80202 Please include the following in the mailing: *Only a copy of the Recorded Resolution - DO NOT SEND ANYTHING FURTHER. Thank you. Amanda Date sent to Recording CD ((Di I g Date mailed out Co/ I I/ IBS'' By _ pji$-1370 Hello