HomeMy WebLinkAbout20180795.tiff VVIY 1 GA GIYGII�.I I VVIYI�'NIY i ��., 9�8 9
Weld County Government 3/12/2018
CGS July Auction Shortage 4,000.00
Lease#19
W2W2, 26-11-60-160 acres
RECEIVED
MAR 1�-2018
coMn�niss°o E s
2018-0795 • � . �� (��ba,3�U
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Contex RM Checking July Auction Shortage 4,000.00
March 5, 2018
CLERK TO THE BOARD
PHONE: (970) 400-4225
FAX: (970) 336-7233
1150 O STREET
P. O. BOX 758
GREELEY, COLORADO 80632
Contex Energy Company, LLC
621 17th St., Suite 1020
Denver, CO 80293
RE: Oil and Gas Oil Auction (July 12, 2017)
To Whom It May Concern:
According to the lease (Reception no. 4321021), the terms of the lease outlined a bonus amount
of $625.00 per mineral acre. The total amount of mineral acres for said parcel is 160. Upon the
year-end audit, it shows the wrong amount was collected on auction date according to said terms
of the lease. The total due was $100,000.00, and the total amount submitted in July was
$96,000.00. Please submit the remaining balance owed on said account, a total amount owed of
$4,000.00.
If you have questions or need additional information, please do not hesitate to contact me at
(970) 400-4224.
Kind regards,
Amanda Petzold
Deputy Clerk to the Board
apetzold@weldgov.com
4
WELD COUNTY LARGE -TRACT OIL AND GAS LEASE
Containing 160 acres, more or less:
Containing 160 net mineral acres, more or less:
THIS LEASE AGREEMENT, dated this 12th day of July , 20 17 , made and entered into
by and between 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, for its
respective interests, c/o BOARD OF COUNTY COMMISSIONERS, 1150 O STREET, P.O. BOX 758,
GREELEY, CO 80632, hereinafter called Lessor, and:
Contex Energy Company LLC
621 17th Street, Suite 1020
Denver, CO 80293
hereinafter called Lessee:
WITNESSETH
WHEREAS, said Lessee has applied to Lessor for an oil and gas lease covering the land herein
described. and has paid a filing fee in the amount of $10.00, plus a bonus consideration of
$ tab. per mineral acre, fixed by Lessor as an additional consideration for the granting of this
lease, and Lessee agrees to pay an annual rental of $ 400:00 , computed at the rate of $2.50, per
mineral acre or fraction thereof per year, and the following consideration:
WHEREAS, all the requirements relative to said application have been duly complied with and said
application has been approved and allowed by Lessor;
THEREFORE, in consideration of the agreements herein, on the part of Lessee to be paid, kept and
performed, Lessor does lease exclusively to Lessee for the sole and only purpose of drilling for,
development of and production of oil and gas, or either of them, thereon and therefrom with the right to own
all oil and gas so produced and saved therefrom and not reserved as royalty by Lessor under the terms of
this lease, together with rights -of -way, easements and servitudes for pipelines, telephone and telegraph
lines, tanks and fixtures for producing and caring for such product, and housing and boarding employees,
and any and all rights and privileges necessary for the exploration and operation of said land for oil and
gas, the following described land situated in the County of Weld, State of Colorado, and more particularly
described as follows:
SECTION TOWNSHIP RANGE
26 11N 60W
DESCRIPTION OF LAND (attach exhibit if additional space is required)
W1/2 W1/2
TO HAVE AND TO HOLD said land, and all the rights and privileges granted hereunder to Lessee until
the hour of twelve o'clock noon on the 12th day of July , 20 20, as primary term, and so long
thereafter as oil and gas, or either of them, is produced in paying quantities from said land or Lessee is
diligently engaged in bona fide drilling or reworking operations on said land, subject to the terms and
conditions herein. Drilling or reworking operations shall be deemed to be diligently performed if there is no
1321021 Pages: 1 of 13
)7/25/2017 12:09 PM R Fnn:$0.00
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LE0E3L0
(Revised 05/2017)
I
Weld County Government
Clerk to the Board
1150 O Street
P.O. Box 758
Greeley CO 80632
970-400-4226
Fax 970-336-7233
Date: July 12, 2017
Receipt # [89385]
JOB: Oil and Gas Lease Auction - TO: CONTEX ENERGY COMPANY, LLC
July 12/ 2017- 6211.7u"ST, STE1020
DENVER, CO 80293
CHECK # DESCRIPTION
Cash Filing Fee x 13 Lease Bids
513077756 Lease #16 (S2SE4, 21-09-60 - 80 acres)
513077758 LEASE #19 (W2W2, 26-11-60 - 160 acres)
8325 Auction Balance Due + 3 -year rentals
UNIT PRICE
10.00
950.00
600.00
17,800.00
I.AN E TOTAL
130.00
76, 000.00
96,000.00
17/800.00
141225°o0 it foO1occ.°°
Subtotal
Total
Make all checks payable to:
$189,930.00
$189,930.00
Weld County Government
Attention: Clerk to the Board
THANK YOU FOR YOUR BUSINESS!
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