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Home My WebLink About20181131.tiffRESOLUTION RE: AUTHORIZE EXTENSION OF OIL AND GAS LEASE COVERING CERTAIN PROPERTY OWNED BY WELD COUNTY, COLORADO - S7, T5N, R65W 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, Extraction Oil and Gas, Inc., submitted a request to extend the lease of 1.6529 net mineral acres, more or less, described to -wit: NE1/4 of Section 7, Township 5 North, Range 65 West of the 6th P.M., Weld County, Colorado, and WHEREAS, Weld County desires to approve the request submitted by Extraction Oil and Gas, Inc., to extend the lease on the above -described mineral acreage for $400.00 per net mineral acre, for a total sum of $661.16, which is to run for a period of six (6) months, commencing at twelve o'clock noon on June 30, 2018, and ending at twelve o'clock noon on December 29, 2018. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the request submitted by Extraction Oil and Gas, Inc., to extend the lease on the above -described mineral acreage for $400.00 per net mineral acre, for a total sum of $661.16, which is to run for a period of six (6) months, commencing at twelve o'clock noon on June 30, 2018, and ending at twelve o'clock noon on December 29, 2018, be, and hereby is, granted and approved. 4396365 Pages: 1 of 2 05/04/2018 02:49 PM R Fee:$0.00 Carly Koppes, Clerk and Recorder, Weld County, CO NI Oki II II 2018-1131 LE0381 RE: AUTHORIZE EXTENSION OF OIL AND GAS LEASE COVERING CERTAIN PROPERTY OWNED BY WELD COUNTY, COLORADO - S7, T5N, R65W PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 9th day of April, A.D., 2018. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO ATTEST:d� `• jdi,40 gi Weld County Clerk to the Board BY: AP Deputy Clerk to the B ounty °" orney Date of signature: OS -03-/$ 4396365 Pages: 2 of 2 05/04/2018 02:49 PM R Fee:$0.00 Carly Koppes, Clerk and Recorder, Weld County, CO lIII IVJP'A iiMIth'i IAI CIIIIJI'MIi VIVi illiih "III Stele Moreno, Chair er Pro-Te arbara Kirkmey m .-,o C____ Sean P. Con ay D - - 0 ozad _______L.,.._ Mike Freeman 2018-1131 LE0381 EXTRCTION Oil& Gas 370 17th Street, Suite 5300 Denver, CO 80202 720-974-7757 March 27, 2018 WELD COUNTY COLORADO PO BOX 758 GREELEY, CO 80632 RE: Oil & Gas Lease (Lease Number 65.6051.000) - Extension Payment To Whom It May Concern: Pursuant to the terms of your oil and gas lease, dated 6/30/2015, between WELD COUNTY COLORADO and Extraction Oil and Gas, Inc. ("Extraction"), as Lessee, or successor in interest to Lessee, Extraction is hereby exercising the option to extend the primary term of your lease an additional 0 years, thru 12/29/2018 as allowed for by the language in your lease. Enclosed you will find Extraction's check number 38563 in the amount of $661.16 as total consideration for the lease extension. Please sign this letter below acknowledging receipt of this payment and complete the enclosed IRS W-9 or you may be subject to additional withholding at year-end. If your above listed mailing address is incorrect, please complete and return the enclosed Change of Address form. A prepaid envelope is enclosed for your convenience. Any questions can be directed to the undersigned by phone at 720-974-7757 or by email at jstowe@extractionog.com. Sincerely, EXTRACTION OIL AND GAS, INC. Jerice Stowe Extension Payment received this day of Signature: ritto , 2018. APR 0 9 2018 Printed Name: Steve Moreno, Chair, Board of Weld County Commissioners Please check box if the mailing address listed above is incorrect, and complete the enclosed Change of Address Form. 2018-11316) Owner ID: 4317/65.6051.000 LE.b381 PAYMENT IS MADE UNDER INSTRUMENT DESCRIBED BELOW, PLEASE DEPOSIT AMOUNT OF CHECK TO THE CREDIT OF PARTY OR PARTIES NAMED. THIS PAYMENT IS MADE IN A MANNER TO CONFORM TO THE TERMS OF THE INSTRUMENT REFERRED TO WHEREIN YOU ARE NAMED DEPOSITORY. RENTAL RECEIPT/ Wells Fargo Bank, N.A. Stub 1 of 1 EXTR/CTI©N EXTRACTION OIL & GAS, INC SHUT IN RECEIPT Van Wert, OH 0 cs 370 17th Street, Suite 5300 DENVER, CO 80202 DATE: Mar -26-2018 NO. 038563 720-557-8300 I RENTAL PERIOD COUNTY STATE RECORDED -BOOK PAGE DATE OF LEASE MONTHS FROM TO CO*123 CO - 06/30/15 6 06/29/18 12/29/18 LEASE NUMBER ORIGINAL LESSOR IDENTIFICATION OR LEASE SERIAL NUMBER PAY EXACTLY 65.6051.000 WELD COUNTY $661.16 PAY TO THE WELD COUNTY COLORADO ORDER OF PO BOX 758 GREELEY, CO 80632 TO BE CREDITED TO RENTAL AMOUNT BANK CHARGE WELD COUNTY COLORADO TRACT 9046 TOWNSHIP 5 NORTH, RANGE 65 WEST SECTION 7: PART OF THE NE/4SW/4, PARCEL #1: ALL OF LOTS 1, 2, 32, 33 AND THE NORTH 34.00 FEET OF LOTS 3 AND 31, IN BLOCK 5, FIRST ADDITION TO ***More Legal Description On File*** itztvi 4. MO2 $661.16 RECEIVED MAR 302018 WELD COUNTY COMMISSIONERS PAYEE: DETACH THIS STATEMENT BEFORE DEPOSITING LEo3' *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 is provided Extraction Oil and Gas Attn: Lease Records 370 17th Street, Ste. 5300 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 os/O.3/ ( ' Date mailed out OS/OS/18' By EZ,Of)e) RAritAiL asI --(131 Hello