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Home My WebLink About20140597.tiff RESOLUTION RE: AUTHORIZE EXTENSION OF OIL AND GAS LEASE COVERING CERTAIN PROPERTY OWNED BY WELD COUNTY, COLORADO - E1/2 NE1/4, S10, T3N, R63W 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, DJ Resources, LLC, submitted a request to extend the lease of 80.0 net mineral acres, more or less, described to-wit: E1/2 NE1/4 of Section 10, Township 3 North, Range 63 West of the 6th P.M., Weld County, Colorado, and WHEREAS, Weld County desires to approve the request submitted by DJ Resources, LLC, to extend the lease on the above-described mineral acreage for $1,342.00 per net mineral acre, for a total sum of $107,360.00, together with a rental fee of one dollar ($1.00) per net mineral acre, which is to run for a period of six (6) months, commencing at twelve o'clock noon on March 14, 2014, and ending at twelve o'clock noon on September 14, 2014. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the request submitted by DJ Resources, LLC, to extend the lease on the above-described mineral acreage for $1,342.00 per net mineral acre, for a total sum of $107,360.00, together with a rental fee of one dollar ($1.00) per net mineral acre, which is to run for a period of six (6) months, commencing at twelve o'clock noon on March 14, 2014, and ending at twelve o'clock noon on September, 2014, be, and hereby is, granted and approved. CZ: / 92<g,naQ 3•Iit4 4002244 Pages: 1 of 2 03/14/2014 10:25 AM R Fee:$0.00 2014-0597 Steve Moreno. (Clerk and Recorder. Weld County, CO LE0184 VIII MIr11JiI'�r't�/S It�,M!�dtti+�II�?��K/i��tltl id II III RE: AUTHORIZE EXTENSION OF OIL AND GAS LEASE COVERING CERTAIN PROPERTY OWNED BY WELD COUNTY, COLORADO - E112 NE4, S10, T3N, R63W PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 3rd day of March, A.D., 2014. BOARD OF COUNTY COMMISSIONERS WEL COUNTY, COLORADO ATTEST: Cc �� G �� Douglas Rademacher, hair Weld County Clerk to the Boar.\, CUSED bara Kirkmeyer, Pro-Tem B ►�.,1 � �� /fin: l� 16l Dep 1 y Clerk to the Boar USED r ! an P. Conway AP ED AS M: ItiN•-��2.ar—,-- Mike Freeman County Attorney Wi lam . Garcia Date of signature: 'i0./11 4002244 Pages: 2 of 2 03/14/2014 10:25 AM R Fee:$0.00 Steve Moreno, Clerk and Recorder, Weld County, CO 1111 M1�INYYYIi�le' :Ii t h l + tYr��.fbh',1��1 wl?,Y44, 11111 2014-0597 LE0184 DJ Resources RECEIVED February 18, 2014 FEB 2 0 2014 WELD COUNTY COMMISSIONERS Weld County, Colorado Board of County Commissioners 915 10`h Street Greeley, CO 80632 Re: Extension of oil and gas leases Lease # 27319.0001 coon Township 4 North, Range 63 West, Section 26: SW1/4 L.G Lease #27321.0001 LC o i g 5 Township 3 North, Range 63 West, Section 10: SW1/4 NE1/4 Lease # 27323.0001 E JJ© `�2 Township 3 North, Range 63 West, Section 10: NW1/4NE1/4 L Lease # 27325.0001 p Township 3 North, Range 63 West, Section 10: E1/2NE1/ D 4 To Whom It May Concern: Enclosed are four checks totaling$429,440.00 (check# 6246 for $214,720.00 for 160 net mineral acres per lease #27319.0001, check# 6245 for$53,680.00 for 40 net mineral acres per lease # 27321.0001, check# 6244 for$53,680.00 for 40 net mineral acres per lease # 27323.0001, check # 6243 for$107,360.00 for 80 net mineral acres per lease # 27325.0001 at$1,342.00/ac.) in order to exercise our option to extend the primary terms of these Oil and Gas Leases for an additional 6 month term. We acquired this interest from Marathon Oil in July 2013, effective January 1, 2013. Please acknowledge the receipt of payment and extension of the above mentioned leases by signing below and returning one copy of this letter in the postage-paid envelope provided. Thank you and please let us know if you have any questions at all. LEo0gC Eo(e3 per/ 59Eo1/r®jg5 1600 Broadway,Suite 1960 a'J�/y_ O✓�Ph6ne(303)595-7430 Denver,Colorado 80202 070/3/- 4c`[�''g Fax(303)595-7431 UO:?O//41-&59,4 DJResources Best regards, Lisa Lehman Land Manager Received on 3ra day of ! V tOXCr , 2014. By: $3443 404, C /V Dotfglas Rademacher Title: Chair, Board of Weld County Commissioners MR 032014 1600 Broadway,Suite 1960 Phone(303)595-7430 Denver,Colorado 80202 Fax(303)595-7431 DJ RESOURCES, LLC 1600 BROADWAY, SUITE 1960 • DENVER, CO 80202 006243 CHECK NO. _402 -AP - 7 02 / 10 / 14 CKREQ021014 107360 . 00 0 . 00 C 107360 . 00 LEASE #27323 . 0001 blferOial Through 944-4 Pd 3-3-4 REcapt -741 i7;160 7 1776 Board of Weld County 1 n 02 / 13 / 14 Hello