HomeMy WebLinkAbout20141799.tiff RESOLUTION
RE: APPROVE REQUEST TO WAIVE BID PROCEDURE CONCERNING SMALL TRACT
OIL AND GAS LEASE, ACCEPT OFFER TO LEASE MINERAL ACRE, AND
AUTHORIZE CHAIR TO SIGN - IRONHORSE RESOURCES, LLC
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, Ironhorse Resources, LLC, 3773 Cherry Creek North Drive, Suite 575,
Denver, CO 80209, has requested that the bidding procedure be waived according to the policy
as set forth in the Weld County Code for parcels less than five acres, on the following described
mineral acres:
Section 25, Township 8 North, Range 60 West of
the 6th P.M., Weld County, Colorado; being further
described as a strip of land 20 feet wide adjacent
and south of the present highway right-of-way,
extending westward approximately 2,640 feet from
the east boundary line of Section 25, to the north
and south center line of said Section (parcel 12).
WHEREAS, Ironhorse Resources, LLC, is offering to lease the above described mineral
acres, containing 1.21 mineral acres, more or less, and
WHEREAS, the Board finds that the lease offer from Ironhorse Resources, LLC, in the
amount of ONE THOUSAND FOUR HUNDRED FIFTY-TWO AND NO/100 DOLLARS
($1,452.00), is acceptable, with the further terms and conditions being as stated in said Small
Tract Oil and Gas Lease, a copy being attached hereto and incorporated herein by reference.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
Weld County, Colorado, that the request of Ironhorse Resources, LLC, to waive the bidding
procedure on an Oil and Gas Lease concerning the above described mineral acres, be, and
hereby is, granted.
BE IT FURTHER RESOLVED by the Board that the offer of Ironhorse Resources, LLC,
to lease mineral acres, as hereinabove stated, be, and hereby is, accepted.
BE IT FURTHER RESOLVED by the Board that the Chair, be, and hereby is, authorized
to sign said Small Tract Oil and Gas Lease.
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2014-1799
LE0327-5
WAIVE BID PROCEDURE / SMALL TRACT LEASE - IRONHORSE RESOURCES, LLC
PAGE 2
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the16th day of June, A.D., 2014.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, OLORADO
ATTEST: Cam( c
C/ S• JCS'A Douglas R emache , Chair.
Weld County Clerk to the Board ? '
c A411-Tr
.�17 L e�
Barbara Kirkme9er, Pro-Terri
BY: (��Q�, ;...1l
hl-Litt
Dept Clerk to the Board
/ Sean P. Conway
AP O D
Mi a Fr em n
ounty Attorney 4 IE L s 1
_ 4;%Villiam . arcia
Date of signature: 7-9 t1861 :.."N: pm
stitnef-
2014-1799
LE0327-5
WELD COUNTY SMALL-TRACT OIL AND GAS LEASE
THIS LEASE AGREEMENT, dated this 30th day of May , 20 14 , 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, do BOARD OF COUNTY COMMISSIONERS, 1150 O STREET, P.O.
BOX 758, GREELEY, CO 80632, hereinafter called Lessor, and:
Ironhorse Resources, LLC
3773 Cherry Creek North Drive, Suite 575
Denver, CO 80209
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 bonus consideration of$ 1200 per mineral acre, fixed by Lessor
as an additional consideration for the granting of this lease, and the following consideration:
WHEREAS, all the requirements relative to said lease agreement have been duly complied with and
said lease agreement 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:
SEE ATTACHED "EXHIBIT A" for legal description and acreage
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 30th day of May , 20_07_, 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
delay or cessation thereof for a greater period than sixty (60) consecutive days, unless an extension in
writing is granted by Lessor; provided that such drilling or reworking operations are commenced during said
primary term or any extension thereof, or while this lease is in force by reason of production of oil and gas
or either of them, or that such reworking is commenced within (60) sixty days upon cessation of production
for the purpose of re-establishing the same, and provided further that such production is commenced during
such primary term or any extension thereof, or while this lease is in force by reason of such drilling or
reworking operations or other production.
EXPLORATION - Lessor reserves the right to conduct exploration on the leased land �• •.:
exploration does not interfere with rights granted herein. 2014-1799
4024465 Pages: 1 of 13
0 o PM n R order, e0 LE0327 5
Steve Moreno,6/18014Clerk an►,dt Re�c�F eee:$ ..00 County, CO `
.III MIrjti r tie.i.�1lrl 1.4 AMA'1Yrlf�tElY�Y4ifi Bill (Revised 05/2014)
Small-Tract Oil and Gas Lease
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In consideration of the premises, the parties covenant and agree as follows:
1. RENTAL - This is a PAID-UP LEASE. In consideration of the down cash payment, Lessor agrees
that Lessee shall not be obligated, except as otherwise provided herein, to commence or continue
any operations during the primary term. Lessee may at any time or times during or after the primary
term surrender this lease as to all or any portion of said land and as to any strata or stratum by
delivering to Lessor or by filing for record a release or releases, and be relieved of all obligation
thereafter accruing as to the acreage surrendered.
2. ROYALTY PROVISIONS:
A. Lessee Responsible for All Costs/Expenses: Lessee shall account for any and all substances
produced on the leased land and shall pay to Lessor as royalty, in addition to the rentals
provided, the royalties described in paragraphs B through E below, which shall be free of all
costs of any kind. In this regard, Lessee agrees to bear one hundred percent (100%) of all
costs and expenses incurred in rendering hydrocarbons produced on or from the Leased
Premises marketable and delivering the same into the purchaser's pipeline for immediate
transportation to an end user or storage facility. If a gas purchase contract makes any
deductions for the expenses of dehydrating, transporting, compressing, manufacturing,
processing, treating, gathering or marketing of such gas, then such deductions shall be added
to the price received by Lessee for such gas for the purpose of the payment of royalties to
Lessor. Additionally, royalties payable to Lessor shall never bear, either directly or indirectly,
under any circumstances, the costs or expenses (including depreciation) to construct, repair,
renovate or operate any pipeline, plant, or other facilities or equipment used in connection with
the treating, separation, extraction, gathering, processing, refining, transporting, manufacturing
or marketing of hydrocarbons produced from the Leased Premises or lands pooled therewith.
It is the intent of the parties that the provisions of this Paragraph 2 are to be fully effective and
enforceable.
B. Royalty Payment on Products: On products, Lessee shall pay Lessor a royalty payment of
eighteen and one-half percent (18.5%) of the gross market value or proceeds of sale thereof,
• whichever is higher.
C. Royalty Payment on Residue Gas: On residue gas or gas remaining after separation,
8- extraction or processing operations, Lessee shall pay Lessor eighteen and one-half percent
(18.5%) of the proceeds of sale or of the market value thereof, whichever is higher.
3i D. Royalty Payment on Oil: At the option of Lessor, and with sixty (60) days' notice to Lessee,
v Lessor may take its royalty oil in kind, in which event Lessee shall deliver such royalty oil to
en Lessor on the leased land, free of cost or deduction, into the pipelines or storage tanks
wco
uay designated by Lessor, but Lessee shall not in such case be required to provide free tankage
0 g for any such oil for a longer period than one month after the same is run into tanks. With sixty
Nrxpze (60) days' notice to Lessee, Lessor may cease taking oil royalty in kind. When paid in cash,
r 2g Lessee shall pay Lessor for oil produced and saved from the leased land, eighteen and one-
n'r-M half percent (18.5%) the market value of the oil at the wellhead, or the price actually paid to
mms� Lessee at the well by the purchaser thereof, whichever is higher; and in no event shall the
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royalties be based upon a market value at the well less than the posted price in the field for
<; such oil, or in the absence of a posted price in the field for such oil, upon a market value at the
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well less than the prevailing price received by other producers in the field for oil of like grade
and gravity at the time such oil is run into pipelines or storage tanks.
E. No Refund of Bonus: If Lessor owns a lesser interest in the oil and gas deposits of the above-
described land than the entire and undivided fee simple estate, then the royalties and rentals
herein provided shall be paid to Lessor only in the portion which its interest bears to the whole
and undivided fee, but no refund of any bonus consideration shall be made by Lessor
hereunder.
F. :riming of Royalty_Payments: All royalties payable under the terms of this lease shall be
payable in cash (unless Lessor elects to take such royalty oil or gas in kind) to Lessor within
• one hundred twenty (120) days following the first commercial sale of production and thereafter
no more than sixty (60) days after the end of the month following the month during which
production takes place. Subject to the provisions of Paragraph 16 of this Lease concerning
shut-in wells, royalties shall be paid to Lessor by Lessee and/or its assigns or by the product
purchaser for oil and/or gas. Upon the failure of any party to pay Lessor the royalty as provided
in this paragraph, Lessor may, at Lessor's option, elect to terminate this Lease by sending
written notice to Lessee. Lessee shall then have forty-five (45) days from the date of service
of such written notice in which to avoid termination of this Lease by making or causing to be
made the proper royalty payment or payments that should have been paid. If such royalty
payment is not made on, or before, the expiration of the 45-day period, or written approval is
not obtained from Lessor to defer such payment, Lessor may elect to terminate this Lease by
filing a Notice of Termination with the Weld County Clerk and Recorder. The effective date of
said termination shall be the date said Notice of Termination is recorded.
G. Effect of "Take or Pay Provision": In the event Lessee enters into a gas purchase contract
which contains what is commonly referred to as a "take or pay provision" (such provision
meaning that the gas purchaser agrees to take delivery of a specified minimum volume or
quantity of gas over a specified term at a specified price or to make minimum periodic payments
to the producer for gas not taken by the purchaser)and the purchaser under such gas purchase
contract makes payment to Lessee by virtue of such purchaser's failure to take delivery of such
minimum volume or quantity of gas, then Lessor shall be entitled to eighteen and one-half
percent(18.5%)of all such sums paid to Lessee or producer under the"pay" provisions of such
gas purchase contract. Such royalty payments shall be due and owing to Lessor within sixty
(60) days after the receipt of such payments by Lessee. If the gas purchaser"makes up" such
gas within the period called for in the gas contract and Lessee is required to give such
purchaser a credit for gas previously paid for but not taken, then Lessor shall not be entitled to
royalty on such "make up"gas. If Lessee is not producing any quantities of gas from the Leased
Premises but is receiving payments under the"pay" portion of such "take or pay"gas purchase
contract provision, such payments shall not relieve Lessee of the duty to make shut-in royalty
0_` payments if Lessee desires to continue this Lease, but such "take or pay" royalty payments
shall be applied as a credit against any shut-in royalty obligation of the Lessee. Lessor shall
be a third-party beneficiary of any gas purchase contract and/or transportation agreement
o-- entered into between Lessee and any purchaser and/or transporter of Lessor's gas,
mar irrespective of any provision of said contracts to the contrary, and such gas purchase contract
m3 and/or transportation agreement will expressly so provide. Further, Lessor shall be entitled to
eighteen and one-half percent (18.5%) of the value of any benefits obtained by, or granted to,
'oils
o LL o-. Lessee from any gas purchaser and/or transporter for the amendment, modification, extension,
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v= alteration, consolidation, transfer, cancellation or settlement of any gas purchase contract
m T-J' and/or transportation agreement.
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co H. Recovery of Liquid Hydrocarbons: Lessee agrees that before any gas produced from the
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N„2 Leased Premises is used or sold off the Leased Premises, it will be run, free of cost to Lessor,
oti through an adequate oil and gas separator of a conventional type or equipment at least as
al a cam_
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efficient, to the end that all liquid hydrocarbons recoverable from the gas by such means will
be recovered on the lease and Lessor properly compensated therefor.
I. Excess Payments to Lessor. Any payment of royalty or shut-in gas royalty hereunder paid to
Lessor in excess of the amount actually due to the Lessor shall nevertheless become the
property of the Lessor if Lessee does not make written request to Lessor for reimbursement
within one (1) year from the date that Lessor received the erroneous payment, it being agreed
and expressly understood between the parties hereto that Lessor is not the collecting agent for
any other royalty owner under the lands covered hereby, and a determination of the name,
interest ownership and whereabouts of any person entitled to any payment whatsoever under
the terms hereof shall be the sole responsibility of Lessee. It is further expressly agreed and
understood that: (i) this provision shall in no way diminish the obligation of Lessee to make full
and punctual payments of all amounts due to Lessor or to any other person under the terms
and provisions of this Lease, and (ii) any overpayments made to the Lessor under any
provisions of this Lease shall not be entitled to be offset against future amounts payable to
parties hereunder.
J. Effect of Division Order: The terms of this Lease may not be amended by any division order
and the signing of a division order by any mineral owner may not be made a prerequisite to
payment of royalty hereunder.
K. Limitation of Sale to Subsidiaries and/or Affiliates: Oil, gas or products may not be sold to a
subsidiary or affiliate of Lessee as defined herein without the Lessor's prior written permission.
L. Royalty Payable on All Gas Produced: Lessee shall pay Lessor royalty on all gas produced
from a well on the Leased Premises and sold or used off the Leased Premises, regardless of
whether or not such gas is produced to the credit of Lessee or sold under a contract executed
by or binding on Lessee. Should gas be sold under a sales contract not binding on Lessee,
Lessor's royalty will be calculated based on the highest price paid for any of the gas produced
from the well from which such gas is produced. In no event will the price paid Lessor for
Lessor's share of gas be less than the price paid Lessee for Lessee's share of gas.
3. LESSOR'S ACCESS TO LEASED PROPERTY AND RECORDS
A. Records Generally: Lessee agrees to keep and to have in its possession complete and
accurate books and records showing the production and disposition of any and all substances
produced on the leased land and to permit Lessor, at all reasonable hours, to examine the
same, or to furnish copies of same to Lessor upon request along with purchaser's support
oy� documentation. Lessor will not be unreasonable with requests. All said books and records
shall be retained by Lessee and made available in Colorado to Lessor for a period of not less
than five (5) years.
a B. Access to Premises: Lessor shall have free access, at all times, to all wells, tanks, and other
el .3 equipment on the Leased Premises, including drilling wells, and Lessee agrees to furnish
•-•5, -0ry Lessor, or Lessor's nominee, currently and promptly, upon written request, with full well
c m9 information including cores, cuttings, samples, logs (including Schlumberger and other
U.v electrical logs), copies and results of deviation tests and directional and seismic surveys, and
the results of all drill stem tests and other tests of other kind or character that may be made of
rna; wells on the Leased Premises. Lessor or Lessor's nominee shall be furnished with, and have
mmY- free access at all times to, Lessee's books and records relative to the production and sale of
oil, gas or other minerals from the Leased Premises, including reports of every kind and
No
"o character to local, State or Federal governmental authorities. Lessor shall have the right, at its
�o --• election, to employ gaugers or install meters to gauge or measure the production of all minerals
rv£`ti produced from the premises, and Lessee agrees to prepare and deliver to Lessor or Lessor's
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Small-Tract Oil and Gas Lease
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gauger or nominee duplicate run or gauge tickets for all minerals removed from the premises.
Lessee shall furnish to Lessor daily drilling reports on each well drilled upon request.
C. Gas Purchase Agreements/Gas Contracts: 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 Leased 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 shall furnish to Lessor,
within a reasonable time after its execution, a copy of any Gas Contract or transportation
agreement entered into in connection with the Leased Premises, or if there is already a Gas
Contract or transportation agreement in effect due to Lessee's operations in the field, then a
copy of that contract. Furthermore, a copy of any amendments to the gas purchase contract
or transportation agreement shall be furnished said Lessor within thirty (30) days after
execution thereof; and on request of Lessor and without cost to the Lessor, Lessee shall furnish
Lessor a copy of the following reports: core record, core analysis, well completion, bottom hole
pressure measurement, directional survey records, electrical and induction surveys and logs,
gas and oil ratio reports, paleontological reports pertaining to the paleontology of the formations
encountered in the drilling of any wells on the Leased Premises, and all other reports which
pertain to the drilling, completing or operating of the wells located on the Leased Premises.
Such information shall be solely for Lessor's use, and Lessor shall attempt to keep same
confidential for twelve (months after receipt, subject to its obligation to comply with the Public
Records requirements under Colorado law. Lessee agrees that it will not enter into any contract
for the sale, delivery, transporting or processing of gas produced from the Leased Premises
which shall extend more than two(2) years from the effective date of such sales contract unless
such contract has adequate provisions for redetermination of price at intervals of no less
frequency than one (1) year to ensure that production from this Lease is not being sold for less
than the then current market value.
D. 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.
4. MEASUREMENTS: All production shall be accurately measured using standards established by
the American Gas Association (AGA) and/or the American Petroleum Institute (API) and all
measuring devices shall be tamper proof as nearly as possible. Oil royalties due within the terms
of this lease shall be calculated on actual and accurate measurements within API standards unless
a different means of measurement, subject to Lessor's approval, is provided.
S
i 5. PAYMENTS AND REPORTS: All payments and reports due hereunder shall be made on or before
8 the day such payments and reports are due. Nothing in this paragraph shall be construed to extend
the expiration of the primary term hereof. Oil royalty payments and supporting documents shall be
oy� submitted prior to the last day of the month following each month's sale of production, and gas
royalty payments and supporting documents shall be submitted prior to the last day of the second
md~.a month following each month's sale of production. All payments shall be made by cash, check,
cei •
G3'-' certified check, or money order. Payment having restrictions, qualifications, or encumbrances of
w a;a any kind whatsoever shall not be accepted by Lessor. A penalty for a late payment shall be charged
ovLy
a 0 as set forth in the PENALTIES paragraph herein.
in =r_
6. PENALTIES: A penalty shall be imposed for, but not limited to, late payments, improper payments,
Or T
m ms operational deficiencies, violation of any covenant of this lease, or false statements made to Lessor.
a^,d
Penalties shall be determined by Lessor, unless otherwise provided for by law, and may be in the
S form of, but not limited to, interest, fees, fines, and/or lease cancellation. A penalty schedule shall
0
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be prepared by Lessor and shall become effective immediately after public notice. Said schedule
may be changed from time to time after public notice.
7. LAW: The terms and conditions of this lease shall be performed and exercised subject to all laws,
rules, regulations, orders, local ordinances or resolutions applicable to, and binding upon, the
administration of lands and minerals owned by the County of Weld, and to laws, rules and
regulations governing oil and gas operations in Colorado. Violations shall result in penalties as
provided for by law or as set forth in the aforementioned schedule or shall, at the option of Lessor,
result in default as provided hereinafter.
8. SURRENDER: Lessee may at any time, by paying to Lessor all amounts then due as provided
herein, surrender this lease insofar as the same covers all or any portion of the land herein leased
and be relieved from further obligations or liability hereunder with respect to the land so
surrendered; provided that this surrender clause and the option herein reserved to Lessee shall
cease and become absolutely inoperative immediately and concurrently with the institution of any
suit in any court of law by Lessee, Lessor or any assignee of either to enforce this lease, or any of
its terms expressed or implied. In no case shall any surrender be effective until Lessee shall have
made full provision for conservation of the leased products and protection of the surface rights of
the leased land.
9. ASSIGNMENTS:
A. 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.
B. 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.
C. 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
o=4relieve 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.
CI)`�3 D. Filing with Lessor: Although not binding on Lessor, all instruments of every kind and nature
r'w,:g whatsoever affecting this lease should be filed with the Lessor.
Ov°
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to 2a 10. 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
"E`er
to a (5%), including any overriding royalty previously provided for unless production exceeds a monthly m_--
am v average of fifteen (15) barrels per day or ninety thousand cubic feet of gas per day(90 MCFHD). In
77
the event production drops to this amount or less, any overriding royalties which exceed five percent
v o (5%) may be suspended. Lessor's approval of a reservation or assignment of an overriding royalty
mN o shall not bind Lessor for payment of said overriding royalty and shall not relieve Lessee of any of
a.E its obligations for payment of royalties to Lessor as provided by ROYALTY paragraphs herein.
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11. OFFSET WELLS: Lessee agrees to protect the leased land from drainage by offset wells located
on adjoining lands not owned by Lessor, when such drainage is not compensated for by counter-
drainage. It shall be presumed that the production of oil and gas from offset wells results in drainage
from the leased land, unless Lessee demonstrates to Lessor's satisfaction, by engineering,
geological, or other data, that production from such offset well does not result in such drainage, or
that the drilling of a well or wells on the leased land would not accomplish the purposes of protecting
the deposits under the leased land. Lessor's decision as to the existence of such drainage shall
be final, and Lessee shall comply with Lessor's order thereon or surrender this lease as to any such
undeveloped acreage as designated by Lessor.
12. DEVELOPMENT: Upon discovery of oil and gas or either of them on the leased land, Lessee shall
proceed with reasonable diligence to develop said land at a rate, and to an extent, commensurate
with the economic development of the field in which the leased land lies.
13. POOLING CLAUSE: Lessee may at any time or times pool any part or all of said land or lease or
any stratum or strata with other lands and leases, stratum or strata, in the same field so as to
•
constitute a spacing unit to facilitate an orderly or uniform well-spacing pattern or to comply with
any order, rule, or regulation of the State or Federal regulatory or conservation agency having
jurisdiction. Such pooling shall be accomplished or terminated by filing of record a declaration of
pooling, or declaration of termination of pooling, and by mailing or tendering a copy to Lessor, or to
the depository bank. Drilling or reworking operations upon or production from any part of such
spacing unit shall be considered for all purposes of this lease as operations or productions from
this lease. Lessee shall allocate to this lease the proportionate share of production which the
acreage in this lease included in any such spacing unit bears to the total acreage in said spacing
unit.
14. UNITIZATION —COMMUNITIZATION: In the event Lessor permits the land herein leased to be
included within a communitization or unitization agreement, the terms of this lease may be deemed
to be modified to conform to such agreement. When only a portion of the land under this lease is
committed by an agreement, Lessor may segregate the land and issue a separate lease for each
portion not committed thereunder; the term of such separate lease shall be limited as to the original
term of this lease. The terms of the lease on that portion remaining in the unit shall be deemed to
be modified to conform to such agreement. Non-producing leases shall terminate on the first
anniversary date of the lease following the termination date of the unit or part thereof modifying the
lease, but in no event prior to the end of the primary term of the lease or the extension term of the
lease.
4 15. PRODUCTION: Lessee shall, subject to applicable laws, regulations and orders, operate and
>It produce all wells upon the leased land so long as the same are capable of producing in paying
quantities, and shall operate the same so as to produce at a rate commensurate with the rate of
�- production of wells on adjoining lands within the same field and within the limits of good engineering
practice, except for such times as there exist neither market nor storage therefore,
• mm' and except for such limitations on, or suspensions of, production as may be approved in writing by
" y Lessor. Lessee shall be responsible for adequate site security on all producing properties.
o
N Q 16. SHUT-IN WELLS: If Lessee shall complete a well on the leased land productive of gas and Lessee
i);Ea is unable to produce such gas due to a lack of suitable market therefore, Lessor may grant Lessee
a
ak "'rn P suspension of his obligations to produce hereunder until a suitable market for such gas can be
a found, and during any such suspension period, it shall be deemed that gas is being produced
„vim
(.11'yt hereunder in paying quantities. Except, however, that beginning on the anniversary date next, of
@ the year of an extension of the lease by reason of a shut-in well, Lessee shall pay to Lessor a shut-
uiN o is: in royalty equal to $2.50 per acre of the lease per annum. The minimum amount of such shut-in
°,2aa.v royalty payment shall be $240. Each year's shut-in royalty shall be forfeited to Lessor except for
v= the shut-in royalty paid for the year during which the well begins production. The maximum
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Small-Tract Oil and Gas Lease
Page 8
extension of the lease, due to the existence of a shut-in well, shall be five (5) years beyond the
extension term as described in the EXTENSION paragraph herein. The granting of any further
extensions shall be at the sole option of Lessor.
17. OPERATIONS: Exploration, drilling or production operation, including permanent installations,
shall be in compliance with all Colorado Oil and Gas Conservation Commission and State of
Colorado Regulations. Reports required to be filed with the Colorado Oil and Gas Conservation
Commission shall be made immediately available to Lessor upon request.
18. NOTIFICATION: Lessee shall notify Lessor and the surface lessee or surface owner of the location
of each drill site at least two weeks prior to commencing drilling operations thereon. Lessee shall
notify Lessor before commencing to plug and abandon any well by copy of Lessee's request for
approval or sundry notice of intent to plug and abandon.
19. BONDS: Lessee shall be liable for all damages to the surface of the land, livestock, growing crops,
water wells, reservoirs, or improvements caused by Lessee's operations on said land. No
operations shall be commenced on the land hereinabove described unless and until Lessee shall
have filed a good and sufficient bond with Lessor, in an amount to be fixed by Lessor, to secure
the payment for such damages as may be caused by Lessee's operations on said land and to
assure compliance with all the terms and provisions of this lease, the laws of the State of Colorado,
and the rules and regulations thereto appertaining. A bond may be held in effect for the life of
production of any well.
20. SETTLEMENT: Lessee shall not remove any machinery, equipment or fixtures placed on said
land, other than drilling equipment, nor draw the casing from any well unless and until all payments
and obligations currently due Lessor under the terms of this lease shall have been paid or satisfied.
Any machinery, equipment or fixtures left on this land for a period of more than six(6) months after
the expiration hereof, shall automatically become the property of Lessor.
21. OTHER DISCOVERY: Should Lessee discover any valuable products other than oil and gas, on
or within the leased land, Lessee shall within seven (7) days report such discovery to Lessor, in
which event Lessee and Lessor may negotiate a provision for production of such discovery.
22. 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. If Lessor
is the surface owner, said permission shall not be unreasonably withheld. If Lessee desires to
establish or adjudicate any water right for beneficial use on the leased land, any such adjudication
ail or application shall be in the name of Lessor if Lessor is the surface owner. The same shall apply
o- to any non-tributary water rights established on the leased land which may be put to beneficial use
off said land.
o--- 23. DEFAULT: Upon failure or default of Lessee to comply with any of the terms and provisions hereof
including, but not limited to, the failure to comply with laws, rules and regulations governing
s Colorado oil and gas operations, Lessor is hereby authorized upon notice and hearing, as
�w hereinafter provided, to cancel this lease as to all of the leased land so claimed or possessed by
o ems lessee hereunder. In the event of any such default or failure, Lessor shall, before making any such
r
cancellation, send to Lessee by certified mail, to the post office address of said lessee as shown
¢re by the records of Lessor, a notice of intention to cancel for such failure or default, specifying the
. D
Wm arm same, stating that if within forty-five (45) days from the date of mailing said notice, Lessee shall
mmr. correct such failure or default, no cancellation will be made. If such failure or default is not corrected
ate.; within forty-five 45 da s after the mailing of such notice, and if Lessee does not request a hearing
es:z.; ( ) Y q
on such notice within forty-five (45) days, this lease will terminate and be canceled by operation of
if)m dr this paragraph without further action by Lessor, or further notice to Lessee.
tonoEL-ti
ass_
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24. EXTENSION: If Lessee fails to make discovery of oil and gas, or either of them, in paying quantities
during the primary term hereof, or during drilling operations commenced during the primary term
hereof, 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:
A. Extension Limit: No lease term will be extended for more than six (6) months from the original
expiration date.
B. Extension Payment: The Lessee shall pay to the Lessor the sum of one-third of the original
bonus.
C. No Change in Royalty: The royalty will remain the same.
25. HOLD HARMLESS: Lessee shall indemnify Lessor against all liability and loss, and against all
claims and actions, including the defense of such claims or actions, based upon, or arising out of,
damage or injury, including death, to persons or property caused by, or sustained in connection
with, operations on this leased land or by conditions created thereby, or based upon any violation
of any statute, ordinance, or regulation.
26. CONDEMNATION: If the leased land shall be taken in any condemnation proceeding, this lease
shall automatically terminate as of the date of taking. The award for such condemnation shall be
paid to Lessor, except for any specific award(s) paid to Lessee for severed oil and gas reserves, in
which event 50% of such specific award(s) shall be paid to Lessor in lieu of royalty lost by virtue of
the condemnation. Improvements shall be removed by Lessee per terms in the SETTLEMENT
paragraph herein. If only a portion of the leased land is taken by condemnation, Lessor may, at its
option, terminate this lease or terminate only that portion of the lease so taken.
27. ERRORS: Every effort is made by Lessor to avoid errors in all procedures including, but not limited
to, auction listings and lease preparation. Lessor shall not be liable for any inconvenience or loss
caused by errors which may occur. Lessee shall notify Lessor immediately upon discovery of any
errors or discrepancy whatsoever.
28. ARCHAEOLOGY: Lessee shall not destroy, disturb, mar, collect, remove or alter any prehistoric
• or historic resources of any kind on Weld County lands as provided by law. These resources
include, but are not limited to, all artifacts of stone, wood or metal, pictographs, structures, and
bones. A discovery of anything of prehistoric or historic nature shall be reported to Lessor or the
85i State of Colorado Archaeologist immediately.
�
29. DEFINITIONS: For purposes of this Lease, the following definitions apply:
o
m3 A. "Products" refers to any and all substances produced on the leased property, including all oil
..�� and gas, found on or under the leased property.
.1;11-°
°LL B. "Market Value"shall mean for gas and products therefrom (i) the gross price at which gas or
co
rz wy products therefrom are sold pursuant to a Gas Contract, as defined in paragraph 2C, or (ii) if
-etan not sold pursuant to a Gas Contract, as defined in paragraph 2C, the highest gross price
ma reasonably obtainable for the quantity of gas or products available for sale, through good faith
Met
Ne —
d.. negotiations for gas or products produced from the Leased Premises at the place where such
= gas or product is available for sale on the date of such a contract with adequate provisions for
°w redetermination of price at intervals of no less frequency than two (2) years to ensure that the
me
ti production is being sold for no less than the current market price. Included within the definition
vr.v of "Market Value" as used herein is the presumption that Gas Contracts are arms-length
vmM contracts with purchasers who are not subsidiaries or affiliates of Lessee.
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Small-Tract Oil and Gas Lease
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"Market Value"shall never be less than the amount actually received by the Lessee for the sale
of hydrocarbons.
C. "Affiliate" is defined as the parent company or a subsidiary of Lessee, a corporation or other
entity having common ownership with Lessee, a partner or joint venturer of Lessee with respect
to the ownership or operation of the processing plant, a corporation or other entity in which
Lessee owns a ten percent or greater interest, or any individual, corporation or other entity that
owns a ten percent or greater interest in Lessee.
D. "Costs" and/or "Expenses" shall mean all costs of gathering, production, transportation,
treating, compression, dehydration, processing, marketing, trucking or other expense, directly
or indirectly incurred by Lessee, whether as a direct charge or a reduced price or otherwise,
including fuel use attributable to any of the services listed above. "Costs" or"Expenses" also
include depreciation, construction, repair, renovation or operation of any pipeline, plant, or other
facilities or equipment used in connection with the treating, separation, extraction, gathering,
processing, refining, transporting, manufacturing or marketing of hydrocarbons produced from
the Leased Premises or lands pooled therewith.
E. "Gas"as used herein shall mean all gases (combustible and noncombustible) including, but
not limited to, all gaseous hydrocarbons, gaseous compounds, carbon dioxide, and helium.
F. "Oil and gas"as used herein shall include all substances produced as by-products therewith,
including, but not limited to, sulfur.
G. "Paying quantities"as used herein shall mean and refer to quantities of oil and gas or of either
of them sufficient to pay for the current cost of producing same.
30. HEIRS AND ASSIGNS: The benefits and obligations of this lease shall inure to, and be binding
upon, the heirs, legal representatives, successors or assigns of Lessee; but no sublease or
assignment hereof, or of any interest herein, shall be binding upon Lessor until the same has been
approved by Lessor as explained in the ASSIGNMENTS paragraph provided above.
31. WARRANTY OF TITLE: Lessor does not warrant title to the leased 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
57
oas= curative work, subject, however, to the right of Lessee to use such abstracts upon request at any
time during the term of the lease.
32. FORCE MAJEURE: Neither party shall be responsible for delays or failures in performance
0D resulting from acts or occurrences beyond the reasonable control of such party, including, without
mow limitation: fire, explosion, power failure, flood, earthquake or other act of God; war, revolution, civil
'" commotion, terrorism, or acts of public enemies; any law, order, regulation, ordinance, or
o aim
oLL requirement of any government or legal body or any representative of any such government or
ore
r12legal body; or labor unrest, including without limitation, strikes, slowdowns, picketing or boycotts.
a In such event, the party affected shall be excused from such performance(other than any obligation
21. to pay money) on a day-to-day basis to the extent of such interference (and the other party shall
v likewise be excused from performance of its obligations on a day-to-day basis to the extent such
party's obligations relate to the performance so interfered with).
<0s-
aN£ti 33. SURVEYS, ABSTRACTS, TITLE OPINIONS AND CURATIVE WORK:
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Small-Tract Oil and Gas Lease
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A. If Lessee shall cause any of the exterior or interior lines of the property covered by this lease
to be surveyed, Lessee shall furnish Lessor a copy of such survey. Lessee shall furnish Lessor,
within a reasonable time, with a copy of all maps submitted to the Corps of Engineers of the
United States Army, Railroad, or other governmental or official agency or department having
jurisdiction, showing the proposed location of all roads, pipelines, canals and drill sites on the
Leased Premises.
B. In the event Lessee causes an abstract of title to be prepared covering the property herein
leased, or any portion thereof, Lessor shall have access to said abstract at any reasonable
time. In the event Lessee shall cause the title to be examined or should obtain a title opinion
or title certificate upon the property herein leased, Lessee agrees to furnish Lessor a copy or
photostatic copy thereof within a reasonable time of receipt of the same by Lessee with the
understanding that neither Lessee nor the attorney or firm of attorneys rendering the opinion
or certificate shall be responsible to Lessor for its correctness, the said opinion or certificate
being furnished to Lessor simply for its own convenience, information and personal use.
Similarly, if any curative material is obtained by Lessee, a copy thereof shall immediately be
furnished Lessor under the same conditions of non-liability on the part of the Lessee or the
persons who may have obtained or prepared the same.
IN WITNESS WHEREOF, Lessor has hereunto signed and caused its name to be signed by the CHAIR,
BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF WELD, with the seal of the office affixed,
and Lessee has signed this agreement, the day and year first above written.
� LESSOR:/Wilt l}-"' ;te BOARD OF COUNTY COMMISSIONERS
Weld County Clerk to the Board �R ELD COUNTY, COLORADO
By: g1J o t1nAQ- . v
De ty Clerk to the Board hair, Boa/Id of C SLv ounn Commissioners
1,6\ • Q JUN 1 6 2014
pis;tly
soi
32 LESSEE:
Ironhorse Resources, LLC
oR Company DGaane
•
rico
° irEr Signature
NLL U`
T
N
recce..
D. Curtis Simmons, Manager
ma Printed Name and Title
mm"3 STATE OF (;4Lc,-6t atC _)
a N-a Nu i ) ss
e.
�"�
a�ea COUNTY OF DettV+ )
Cdr
a�a The foregoing instrument was acknowledged before me this `� day of ,��'r�
N
a=
Cr w 20 Ps) , by b L✓f hS 5 :MIT) ev> >
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Small-Tract Oil and Gas Lease
Page 12
Witness my hand and official seal.
Notary Public
My Commission Expires: 5/i ii is
LESSEE: (second signature if applicable)
L ALEX SAVINAR 1
NOTARY PUBLIC
STATE OP COLORADO
MY00MMISI0N IXPlMEe -ls Company Name
Signature
Printed Name and Title
STATE OF
) ss
COUNTY OF
The foregoing instrument was acknowledged before me this day of
20 , by
Witness my hand and official seal.
Notary Public
My Commission Expires:
4024465 Pages: 12 of 13
06/18/2014 12:10 PM R Fee:$0.00
Steve Moreno, Clerk and Recorder, Weld County, CO
101R)P1i'J3µv1 rill14+£YfliahhMilil: K4t1r11IIII
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"EXHIBIT A"
SECTION TOWNSHIP RANGE
25 8N 60W
DESCRIPTION OF LAND
A 1.21 acre strip of land 20 feet wide adjacent and South
of the present highway right-of-way, extending westward
approximately 2640 feet from the East boundary line of Section
25, to the North and South center line of said Section, more
particularly described in Reception Number 721497
4024465 Pages: 13 of 13
06/18/2014 12:10 PM R Fee:$0.00
Steve Moreno, Clerk and Recorder, Weld County, GO
liii1r1R1QK.Ew11w6P' 1O,1,U16rw'%K' K& I , 11111
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BOOM 983 Pec 3 i
•
ct_Recorded SEEP 17 1935 3 0'clac!_G_h+(.__
Reception d:°'1' 97\'~'ALTER F,M0RRIS0N,Recorder
STAT'' 0t COLO''ADO, )
sa IN THR DISTRICT COURT
County of 7.eld. ) No. 9006
•
•
J�-- x •
30A 0 COUNTY CO1.I;:ISSIOW:r 07 )
D
.%-"?.LD COUNTY, COLCF.;ADO, )
)
Petitioner, ) •
)
-v$- • )
'ARVADA LODE,_', NO. 145, I.O.O.F. of Arvada •
Colorado, SARAH D. racy:, TIE F'AJt'MS
LOAN COMPANY or D?Stls!'R, a Colorado: Cor )
-
)oration, GUOtIS C. L .IB, CI1ARLF3"t:'. MC-
Cti'CIBOZJ, F'DRRAL LAND BANK OF 'JICIIIT'A,
of Wichita, Kansas, 13TB"RT 3. DANIEL, )
TRUST, as 'trustee for Peters Truat )
Company, a Nebraska Corporation, • ,1 FINAL RULING
3AT'''•LLA P711:.'AU, PRANK S. '"OLD'?, CL ;r )) OF COURT
•
W. I.IcWliI1.7 r, LATE'1T7t COUIITY nA E E:
"TRUST CO'11"?TY, a Colorado Corporation, )
JOS1PHIN7 PRCi FI".LT?, SAME R. WALLAC1 , )
Ory-RH A: "LT','^f, '^H7 FIRST ITATIOIAL BANK )
OF LINCOLN, R 4SKA, FR'!D XTIIi<.T"RZ, also
known as Fri'?MRICK KU'"tTTE:R, KATIS` KtlWJ;R,
W. '•?. HOUSTON, ?Allp •_.A6:',: COTIISSIO13EN,
EARL R. DOLTON,. MINI ::ft•`_T OOLO'ADO
FAT.! LO.^.;? COL:iPZll , A Colorado Corpora-
tion, 3INAt2 .U. VA1'!T t, III.FPJ"D A. ;:I'2CII:tiL-
::0;,'., ort� LA i HOTITG r ; COTIPALTY, a• CO10-
redo Corporation, 7:177DA I3. JONr.S,
'iTlCI?Ai rP:3 TMr':STi.F':;tT 0011P ANY, a rorpora-
tioii, "TOY" D. THIPPLI, JOHN 1??1�.'s", OLr1i )
NAROAR7.712 CAIN, :SAHTEA A. THOPP3', Jtullt )
SG ts_3P, tIBIA D. GRAY, CHARLES I:.LO.i_JW
JOH:rJSON, ANA BELL JOHNSON, Ali.T i1Jtt
AC'JOLA, OL'•: J. IiO'S, HARRY O. PA.RS4•T S,
A. ?. FrITTII, THOdAS PETTI GRi V', G. W.
DOW, BERTHA 0. AT1DR_RWS, O. H. ORAFsi
tJ TOH B. WOOD, UNION C ITIuAL LIl'^ • ) •
INSUR;1?C?3 CTIPAF1Y, an Ohio Corporation, 1
Ci•IARLT S it. PO SONS, It t,idRY R. PART;O:w,
rI.LtI."N C. :'.C;T`TY;Ca,77. .7OSFPiI t₹ATK IS,
NA9:OLD ;". WOOD, 7777LIfiA W. 7.ISNOR, ))
F. J. K ?At?,i5, as Conservator o ' .the
estate of H71RY. W. SPANGLMR, V. E. ) .
'SPANGLvR, Claimant, AARON J. CAPP,
G^ORG?' G. St:"752, COR MIUS W. COi NINIs
WILLA??D S. BUTT RS, UAT"TII: I. 0SO00 , •
¶ILLIAM G. IIO'B, TU7 BRIGOSDALR ST:JB
SANK,
I.espondont-s.
-- x)
This matter coming regularly boforo the Court this 16th
day of September, 1935, upon the Certificate of the Commissioners
• 1e
•
•
yygc9y
• BBBIC 9 3•6117 311.
•
•
heretofore appointed by the Court, and the Court having road and
consider :d the Certificate of the Commissioners,
FITIDS that said Commissioners have ascertained and
determined that it is necessary that the present Highway right-of-
way be widened by taking of lands to include those herein des-
cribed.
•
'$H' COURT FURT31t PINS that petitioner has deposited in
the registry of this Court the total sum of Five Hundred Tighty-
fiveeand 12/100 Dollars (: 585.12) to be disbursed ;o the record
- owner ned to other respondents, if any, having an interest in each
parcel as their interest shall appear.
T'77?,�'ORR, IT IS .ADTUDC^D to ba due and thare is hereby
awarded to Arvada Lodge I!o. 145, ?.a.". ., of Arvada, Colorado,
owner, tho sure of Six and 05/100 Dollars (e6.05)
compensation .for Parcel 1, being:
A strip of land 20 feet wide adjacent and forth
of the present highway right-of-way, extending
Westward approximately 2640 feet fran the '.ast
Boundary line of Section 24, to the North and ap
South center line of said Section, in Township
8 North, Range 60 .est of the 6th P. U., contain-
ing approximately 1.21 acres.
",T0P2, IT IS it.DJUDTM to be due and there is hereby
awarded to Sarah P. Rice, owner, and The Farmers Loan Company, of
Denver, mortgagee, the sum of Six and 05/100 Dollars - - - 06.05)
compensation for Parcel 2, being:
I. strip of land 20 feet wide adjacent and forth
of the present highway right-of-way, extending
'ITestward approximately 2640 feet from the North
and South center line of Section 24, to the Wont
boundary line of acid Section, in Township B
North, Rance 60 Went of-the ef- the 6th P. fl., containing
approximately 121 acres.
T_imponn, IT IS ADJU1.v1D to be due and thorn is hereby
Dollars
awarded to Chris U. Leib, owner, the sum of Six and 05/102/ -(€,6.05)
compensation for Parcel 3, being:
A strip of land 20 feet wide adjacent and North
- of the present highway right-of-way, extending
Westward approximately 2640 feat from the 'east
• boundary line of Section 23, to the :forth and
South center line of said Section, in Township B
North, Range 60 West of the 6th 1'. II., and con-
taining approximately 1.21 acre's. •
, 2.
• BOOK 983 PAGE 32
•
TH7REFORR, IT IS ADJUDGED.to be due and there is hereby
awarded to Charles W. :'.cCutcheon, owner, and the Federal Land
Bank of Wichita, of Wichita, Kansas, mortgagee, the sum of
Six and 05/100•Dollors ("'6.05)
compensation for Parcel 4, being: •
A strip of land 20 feet vide adjacent and North
of the present highway right-of-way, extending
:ostward approximately 2640 feet from the North
and South center line of Section 23, to the '.:eat •
boundary line of said section, in Township S
North, Ran e. 60 West of the Gth P. M., contain •
-
ing approximately 1.21 acres.
TJ?'T'?'0117, 'IT IS ADJIMM3D.to be due and there is hereby
awarded to Herbert S. Daniel, Tru3tee, as trustee for Peters Trust
Company of Omaha, Nebraska, owner, the sum of Six and 05/100
Dollars (G6.05)
compensation for Parcel 5, being:
A strip of land 20 feet nide adjacent and North
of the present highway right-of-way, extending
Y':'estuard approximately 2640 feet from the East
boundary line of Section 22 to the North and
South center line of said section; in Township S
North, Range 60'West of the 6th P. .£., containing
approximately 1.21 acres. ,
e`r •
071;r7.q70177, IT IS APJPDI7D to be due and there is hereby
awarded to Satella Penman, owner, the sum of Six and 05/100
Dollars (:;6.05)
compensation for Parcel 6, being:
A strip of land 20 felt vide adjacent and North
of the present highway right-of-way, extending
Westward approxima.:oly 2640 foot from the North
and South center line of :Section 22 to the rest
boundary line of. s^id Section, Township S North,
Range GO 'est of the 6th P. U., containing
approximately 1.21 acres.
Tr77770R^, IT IS ::DJDG7D 'to be due and there is h'roby
•
awarded to Frank B. Wolfe, owner, the sum of Six and 05/100
Dollars (06.05)
compensation for Parcel 7, being: •
•
•
•
2.A •
•
ROOK V163 P1[
•
•
A strip of land 20 feet wide adjacent and North of the
present highway right-of-way, extending Westward approx-
imately 2640 feet from the East boundary line of Section
21 to the North and South center line of said Section,
Township 8 North, Ronge.60 West ,of the 6th P. M., con-
taining approximately 1.21 acres.
'CFI'??'1'0?T:, IT IS ADJUDGRI) to be due and there is hereby award-
ed to Clyde W. thcWhinney and Larimer County Bank E: Trust Company,
owners, and Josephine Backfield, mortgagee, the sum of Six and 05/100
Dollars ( :6.05)
compensation for Parcel 8, being:
A strip of land 20 feet wide adjacent and North of the
present highway right-of-sway, extending Westward approx-
imately 2640 feet from the North and South center line
of Section 21, to the 'Zest boundary line of said :>ection
1ownshlp 0 North, Ranee 60 ''eat of the 6th P. N., con-
taining approximately 1.21 acres.
IT IS ADJL'DCTD to n-: duo and there is hereby award-
, ed to Sarah R. Wallace, owner, and The Federal Land Dank of Wichita,
of 7;ichite, Kansas, mortgagee, the sum of Six and 05/100 Dollars
( 6.05)
compensation for Parcel 9, being:
A strip of land 20 feet wide adjacent and North of the
present highway right-of-way, extending Westward approx-
imately 2640 foot from the Past boundary line of Section
• 20, to the North and South center line of said Section,
Township 8 North, Flange GO ';est of the 6th P. N., con-
. taining approximately 1.21 acres.
T97.77F077 porc IT IS ADJUD3?;D to h- due and there is hereby awarded
• to Oren A. I?eltzer, owner, and First National )lank of Lincoln,
Nebraska, port a:es, the sum of 31x and 05/100 Dollars - - ( 6.05)
compensation for Parcel 10, being:
A strip of land 20 feet wide adjacent and Borth of the
present highway right-of-way, extending Westward approx-
•
imately 2640 f, ,t fram the North and South center line
of Section 20, to the Vest boundary Use of said Section
Township 8 North, Range 60 ?lest of the 6th P. M., contain-
ing approximately 1.2.1 acres.
TfWRTTORT: IT IS ADJUDGED to be duo and there is hereby awarded
to Fred Kummer, also known as Frederick Kummer, and Kate Kum:aer,
owners, the sus of Twelve and 10/1:0 Dollars (,412.10)
. compensation for Parcel 11, being:
•
•
BOOK 983 PAGE 34
A strip of land 20 feet wide adjacent and North of the
present highway right-ofyway, extending Westward approx-
imately 5230 feet from the East boundary lino of Section
19 to the `.Vast boundary line of said Section, Township
. 3 North, Range 60 crest of the 6th P. I:I., containing
approximately 2.42 acres.
•
TH;REPOR'?, IT IS ADJUDGED to be duo and there is horob;: awarded
to W. E. Houston, owner, and The ?edernl Land Hank of Wichita, of
Wichita, Kansas, and Land Bank Commissioner of Wichita, Kansas,
mortgagoos, the sum of Six and 06/100 Dollars ((;6.O5)
compensation for Parcel 12, being:
A strip of land 20 feet- wide adjacent and South of the
present highway right-of-way, extending ':ostwad approx-
imately 2640 font from the East boundary line of Section
25 to the North and South cantor line of said Section,
Township 3 North, Range 60 -lost of the 6th P. ., contain-
ing 1.21 acres.
TH7Rz'i'0'"', IT IS ADJUDGED to bo due and there is hereby awarded
to Earl K. W.ton, owner, and The Eastern Colorado Parm Loan Company,
mortgagee, the stmt of Six and 05/100 Dollars ((;6.05)
compensation for Parcel 13, being:
A strip of land 20 foot wide adjacent and. South of the
present highway right-of-way, extending ';estward approx-
imately 2640 feet from the North and South center line
of Section es, to the goat boundary lino of said Section,
Tcvns2.ip 3 North, Range 60 That of the 6th P. M., contain-
ing 1.21 acres.
...EGE 0i[:, IT ADJDDGED to be due and there is hereby awarded
to Hiram D. Vawter, owner, the sun of Six and 05/100 Dollars--((;6.05)
compensation for Parcel 14, belief,:
A strip of land 20 feet wide adjacent and South of the
present highway right-of-way, axtonding "•estward approx-
imately 2640 feet from the East boundary line of Section
2G, to the North and South center line of said Section,
• Township 3 North, Range 60 lest of the 6th P. Ii., contain-
ing approximately 1.21 acres.
Tx;"R7 07T, IT IS ADJUDGED to be due and there is hereby award-
ed to Alfred ". Mitchelnore, owner, and the Oldham Mortgage Company,
mortgagee, the sum of Six and 05/100 Dollars (2°;6.05)
compensation for Parcel 15, being::
4.
MK. 983 e.'(- 9,5
•
A strip of land 20 feet wide adjacent end South of the
present highway right-of-way, extending 'estward approx-
imately 2040 feet from the North and South center line of
. Section 26 to the lest boundary line of said Section,
Township 8 North, Range 60 Test of the 6th P. U., contain-
•
ing approximately 1.21 floras.
TWITIITFOR'7, IT IS ADJDDG?D to be duo and there is hereby award-
ed to Satella Peniaan,. owner, the sum of Twelve and 10/100 Dollars
• ( ;12.10)
compensation for Parcel 16, being: •
A strip of lend 20 feet wide adjacent and South of the
present highiny right-of-way, extending Westward approx-
imately 5280 feet from the 13ast boundary line of Section
27, to the Test boundary line of said Section, Township
. 8, North, Ran n 30 "rest of the 6th P. `:T., containing
2.42 acres.
`iMR;70iis, IT IS A_DJRDC7D to be due and there is hereby award-
ed to ';:undo B. Jones, owner, and Merchants Investment Company, nort-
geEee, the sum of Twelve and 10/100 Dollars ((.12.10)
compensation for Parcel 17, being:.
A strip of land 20 feet wide adjacent and South of the
present highway right-of-way, extending Westward :;nprox-
imatoly 5280 feet from the 'Oast boundary line of Suction
28, to the ;set boundary line of said Section, Township
8 Worth, Range 60 'rest of the 6th 2. M., containing 2.42
acres.
TITT,R T00-, IT IS R? ItlrOED to be duo and there i3 hereby award-
!
ad to Hoyt D. Whipple, own='r, the sun of Six and 05/100 Dollars
(36.05)
compensation for Parcel 18, bring:
A strip of land 20 feet wide adjacent and South of the
present high.wn;- right-of-;flay, extending '?ostward approx-
imately 2610 flat from the '?ast boundary line of Section
29, to he forth and South center lino of said Section,
Township 8 ::orth, fan. o 60 a::st of the 6th P. `A., contain-
. ing 1.21 acres.
TH REFOR7, IT IS ^PJitn"3m to bo due and there is hereby award-
ed to John Adams, owner, the sem of Six and 05/100 Dollars 0;.6.05)
compensation for Parcel 19, being:
A strip of land 20 feet wide adjacent and South of the
present highway right-of-way, extending Westward approx-
imately 2640 foot from the North and South center line
of Section 29, to the West boundary line of said Section,
8.
BOOK u9Cie7 PAGE till
•
•
Township S North, Rang 60 ''est of the 6th P. ?.1., contain—
ing 1.21 acres.
T:?^RT170RS IT TS ADJUDGED to be due and there is hereby award-
•
ed to John Adams, owner, the sum .of six and 05/100 Dollars ( 6.05)
componsation f or &areal 20, :eina:
A strip of land 20 feet wide adjacent and South of the
present highway right-of-way, extending Westward .approx-
imately 2640 feet fnnm the East boundary line of Section
30, to the North and South center line of said Section,
Township 3 ?.orth, Range 60 'Test of the 6th P. M.,. contain-
ing 1.21 acres.
T_i R'5'ORm IT IS LDJUDGED to be duo and there is hereby award-
, ed to Olive ;iargaret Cain, owner, the sum of Six and 05/100
Dollars ( (x:6.05)
compensation for Parcel 21, being:
•
A strip of land 20 feet ride adjacent and South of the
present highway right-of-way extending Westward approx-
imately 2640 feet from the North end •South center line
of Section 30, to the ''Test boundary line of said €ection,
Township 3 North, Rage 60 i/oat of the Gth P. :4., con-
taining 1.21 acres.
•
ThicrPOR" IT TS ADJUDGED to be due and there is hereby award-
ed to Martha A. Thorpe, owner, the sun of Eight and 47/100 Dollars
•
• (0.47)
•
compensation for Parcel 22, being:
A strip of land 20 feat wide adjacent and North of the
present highway right-of-way, extending Westward approx-
imately 26.10 foot from the 'test boundary line of Section
24, to the North and South. center line of s.nid Section
Township 8 North, Range el ; est of the 6th P. U., -con—
taining 1.21 acres.
TI1'r'PGRS IT IS ADJUDGED to be due and there is hereby award-
ed to John Schemp,. owner, the suns of Eight and 47/100 Dollars
U,;6.47)
compensation for Parcel 23, being: .
A strip of land 20 feet wide adjacent and North of the •
present highway right-of-way, extending Westward approx-
imately 2640 feet from the North and South center lino
of Section 24, to the "West boundary line of said Section,
Township 8, North, Range 61 'lest of the 6th P. M,, con-
taining 1.21 acres.
6.
•
• 11
•
•
• soli. 983 F$(i^. ' .
•
•
•
^ieF0RE, IT IS ADJUDGED to be due and there is hereby award-
a
ad to Mina D. Gray, Charles Richard Johnson and Anna Bell Johnson,
owners, the sun of Sixteen and 94/100 Dollars (516.94)
compensation for Parcel 24, being:
A strip of land 20 feet wide adjacent and North of the
present highway right-of-way, extending Westward approx-
imately 5280 feet from the Vast boundary line of Section
23, to the :est boundary.line of said Section, Township
8 North, 'tango 61 West of the 6th P. M., containing
eo roximately 2.42 acres.
TT7'R'T ORE, IT IS ADJUDGrD to be due and there is hereby award-
ed to Arthur L'':. Accola, owner, and the Federal Land Benic of Wichita,
of "ichita, Kansas, mortgagee, the sum of Sixteen and 94/100
Dollars
(0.6.94)
compensation for Parcel 25, being:
A strip of land 20 feet wide adjacent and North of the
present highway right-of-way, extending '.Westward nnprox-
imnLely 5280 feet from the ^ast boundary line of Section
22, to the . est boundary line of said 'action, Township
8 ::ortt, Rrnae 61 .ost of the Gth P. :.,, containing eppnox-
imaLoly 2.42 acres.
TR R'TORE, 17.' IS A)JUDGEZ to be due and thorn is hereby ac'ard-
ed to Ole J. ;Joe, owner, and the Federal Land Bank of iachita, of
Wichita, Kansas, mortgagee, the spat of Sixteen and 94/100
Dollars - - (46.04)
compensation for Parcel 26, being:
A strip of lend 20 feet wide adjacent and North of the
present htghwri'right-of-way, extending Westward approximately
5280 feet from the Bost boundary line of Section 21, to
the rest boundary line of said Section, Townhhip 8,
North, Rance 61 'lest of the 6th P. :T., containing
approximately 2.42 acres.
T:'r ,irro,'-', IT IS ADJUDGED to be duo and there is hereby award-
ed to Barry 0. Parsons, owner, the sum of Fight and 47/100
*Dollars ($8.47)
•
compensation for Parcel 27, being: '
•
A strip of land 20 feet tide adjacent and Worth of the •
present highway right-of-way, extending Westward,
approximately 2640 feet from the Fast boundary line of
Section 20, to the North and South center line of said
Section Township 8 North, Range 61 West of the 6th P.N.,
oontainirg approximately 1.21 acres. •
•
•
• 7.
BOOK ..983 PALE 39
T371t'1'0R'?, IT IS ADDJDC D to ba due and there in iteroby aword-
ed to A. . !7. Peppor, owner, the sum of ni6tht and 47/100 Dollars ((8.47)
cot onaation for 2t rcel 23, being. .
•
A strip of land 20 foot wide adjutant and North of the
printout hichway ridit-of-nay, oxtondintc westward Rpnrox-
Imetely 2640 foot from the North and South center lino
of :'notion.20, to the "fist botaidary.lino of field Section,
Township 8 north, Range 61 ?;oat of the 6th 1`. i;., con-
tcining approximately 1.21 across
•
'r r%:rT 0'7", 7T 72 f51 3tj vi:'3} TO WE Dun and thorb is hereby eward-
ed to Thorns P tti. raw, oranr, and.(. •:. DOW, nortgacee, the sum
of Sixhoan and 94/100 Dollars (+;:16.as )
c ::i>.lnaetion, cud the Curthor sum of Thirty-.five :eollnrs ( Se."•0)
an den:: n, 'cr _?"steal 29, i‘ein74.
.: strip of land 20 font aide adjacent and north of the
pree=n :.i3hi:ay ,right-of-way, 'standing '^eatword appron-
inatel,I 6200 foot from the Nast boundary lino of auction
19, to the :;fist boundary lino o:5 avid Section, To;ynship
8 aorta, .lento 01 est of the 6th r. ::., eontainin„ approx-
imately 2.42 aerAs.
It_`trr.eT:<i;i", ... '.F' . bdUN,'77) to :e duo and t;t?rn Sr. !'z' j
od to Berti?'.'. h. Indrawn, o::i-tr, (:`7'i 0. U. Graf, mortgagee, the sum
of right n;:1 •7/100 ])clln'ra (G6.d7)
comppnaotion for ?arcel 30, beings
A strip of laud 10 feet wide adjacent and South or the
present i,i Iitaty ricbt-o£-waf. extending ';nntuard agora-
ImntAr 2040 font from the '.fist boundary lino of :'action
25, to the :north and math center line of said netnon.
Township 0 North, ianwto r1 ';:eat of t e 6th P. :;., con-
tointnz npproxinatelyy 1.21 across
1T 1`' '.1 Siir'SF.;i to 'x: due And th'r, is hereby award-
ad to .lar:027 '. 10oC, O ':1^r, :+.nS;. Utttan Control Life Inau:ancO
Co:r;any, uo;'':t_a..•.00, CS nom of Ttnnty-fiyo :ind 41/100 Dollars
(},, 5.41)
compensation for Parcel 61, buina'
A strip of land 20 foot wide adjacent and South of the
present highway right-of-way, bx'aending lentward apprQa-
Smately 7920 foot from tho North And South cantor .line
Of :action 2b to the west houida� +�, pf 34ction'e6
Towns alp p Aorth,flange os o t o 6tH P.n.,cons'.
tanning Approximately :5.64 scrim.
•
8.
y .
BOOK rn
•
T ?REPORE, IT IS ADJUDGED to be duo and there ie hereby award-
ed to Charles B. Parsons and henry R. Parsons, owners, the sum of
Eight and 47/100 Do11•.r.. (;83.47)
compensation for Parcel 32, being: •
A strip of land 20 feet wide adjacent and South of the
present highway right-of-way, extending westward approx •
-
ianetely ?610 feet from the ?'st boundary line of Section
27, to the North and South center line of said Section,
Township 8 North, name 61 '+lest of the 6th P. 'd., contain-
ing approximately 1.21 acres.
T13REF0I:^, IT IS A,D•TJDGID to be due and there is hereby award-
•
ed to William C. McILmseckle, owner, the sun of Eight and 47/100
Dollars (08.47)
compensation for Parcel 33, beings
A strip of land 20 feet wide adjacent and South of the
present highway right-of-way, extending ::estward approx-
imately 2640 feet from the North and South center line
of Section 27, to the ".est boundary line of said Section,
Township 'eight North, Range 61 ';est of the 6th
containing approximately 1.21 acres.
TH7R^T0 ', IT IS ..DJUDOED to be due and there is hereby award-
ed to Joseph. :atkins, other, the stun of Hight and 47/100 Dollars
• (;7 8.47)
compensation for Parcel 34, being:
A strip of land 20 feet ride adjacent and South of the
present highway right-of-way, extending ';ostward approx-
imately 2640 feet from the ;J:=st boundary line of Section
28 to the North and South center line of said Section,
Township 8 North, Ra:nse 61 lost of the 6th P. ii., contain-
ing approximately 1.21 acres.
THER FOU7,• IT IS ADJU1?OTU1 to be due and there is hereby award-
ed to Harry 0. Parsons, owner, the sun of Twenty-fire and 41/100 .
rollers ( 25.41),
compensation, and the further sum of One Hundred Dollars (;`100.00)
as damage, for Parcel 35, being:
A strip of land 20 feet vide adjacent and South of the
present highway right-of-way, extending Festward approx-
irately 7920 feet from the North and South center line
of Section 28, to the ':est boundary line of Section 29,
Township 8 north, Range 61 lest of the 6th P. M., con-
taining approximately 3.64 aeris. .
9.
B00K 983 PD.GE. 4,u
Ti nHPPORE, IT IS ADJUDGED,to be due and there is hereby award-
ed to Thomas Pettigrew, owner, the sun of Sixteen and 94/100
Dollars ($16.94)
compensation for Parcel 36, being!
A strip of land 20 feet wide adjacent and South of the
present highway right-of-way, extending aestward anorox-
imately'5280 feet from the Nast :;eundary line of Section
30 to the 'lest boundary line of said Section, Township
S North, Range 61 West of the Gth P. ::., contaiiib
approximately 2.42 acreso
TA^R'?''071, 7T :m Alauporm to be duo and there is hereby award-
ed to Harold W. -"ood, owner, the sum of Sixteen and 94/100
Sollars (°1G.94)
•
compensation for Parcel- 57, beingr
A strip of land 20 feet wide- adjacent and North of the
• present highway* right-of-way, »:tending; ':lestward approx-
imately 1280 feet from the ":st boundary line of Section
24, to the 'lest boundar,, line of said Section, Township
8 Worth, Range 62, 'nest- of the 6th P. :1., containing
2.42' sores.
•
TijEll, POT :", IT In ADJUDGED to be due and there is hereby award-
ed to '?velina 7. :lisnor, owner, the sum of Eight and 47/100
Dollars - ((-8.47)
compensation for Parcel 30, being:
A strip of land 20 feet wide adjacent and North of the
present highway right-of-way, extending 7estwa+d approx-
imately 2640 feet from the ? ast boundary line of Section
25, to the }forth and r•outh canter line of said Section
Township 8, North, Range 62, 'rest of the Gth P. i ., con-
taining 1.21 acres.
'Stan+?,::o' •.., • ' .4.0JIIDGT'D to b ; due and there is hersb-; award-
ed to Henry T. Spangler, owner, and W. 7.0 Spangler, claimant, the
sum of ?1g:ht and 47/100 Dollars (0.47)
cc:zn,nsation ±or Parcel 39, ''e-Ing:
A strip of land 20 feet wide adjacent and North of the
present highway .right-of-way, 42:tending Westward apprex-
imately 6240 feet from the !+orth and South center line of
Section 23 to the 'lest boundary line of said Section,
Township S North, Range 62 West of the 6th V. '7., and
containing 1.21 acres.
T'.P?n^'0i^, IT IS ADJUDGED to bo due and there is hereby award-
ed to Aaron J. Capp, owner, the awn of Sixteen and 94/100
10e
e00K .983 PAGE 41
Dollars . (016.04)
compensation f or' Pares' 40, beings
•
strip of 1:and 20 feet nide adjacent nod North of tit
presont highway ri)it- t-uay, extc.aling :teatsard 0280
foot from the Rost boundary lino of Boction 22, to the
`jest '.oundarg line of said 3oction, Thwnzhlp a i:nrth,
?entpe •C$ :eat•of the 6th P. M., containing r,pproxirtately
2.4f vent.
ITIS ADJIT)O?:: to ho duo and th:tre 3a: h.trobj anwKt-
od to t+3or&, C. >re•.t,• Diner, and I,a.id :auk Cor.'nisaionr,r of +'tchita,
innsaa, norty auoe, the o:tn, of TLi It :Ind 47/100 Dollars - - ( g.47)
ac^.anonantion m v Prrcal 41, helot;:
strip of lend 20 foot aide ndjLiaont r::;t! north of the
• »rs>:ont •-'ny ri;;t7L•-of-uuy, e::,irv:lims ''eati7e_od approx-
•
. 2d.40 foot from t'.r- Tait bounder;: lino of -Duos
20, to t:'',n forth and South creutcr lino of ani.i auction,
1=F7"19ihi.r ';;1Y'$.'!, ran:' : l]n •_t)iS`u O7. Ci';..Td • '..., refry.
;'',!•,Yoxinntolr 1.21 toss.
r' .' ?.P•rav;'D to b: • -no rrl . .orrt is ::ruPtl-
J
ed to Oorn't1i.2•a Uonn,r, ov,ne;r, the note of Eight rid 47/100
corirwnast.&on for• ..,.. .'•'ll 42, :.nine
• t stria of lend 26 's t rids x::isaant ..+.:ct Zauth of Viss
rig1.t-of-tray, ,::tontine, .outward 2640
gym: th'. Sant;, ^ ut "G,th eontr„ lino of i' ton
'J5,yt:1 t 7'• .,tx',: ':otndor* lino of oat/ 7.aet •a'n 'lotonah
.'!ort::, 41-t uQ .]:t rt' t htp hh 2. ., ip
upprcxL:ta.•:1;r 1.21 =iv:•na. •
• .. ... _ ', _0)SJ.1fl.. , to be ai!o :int thorn _o i,•?reirf award-
ad to t7i11t+t'd '. ,:uttora, cwnv.ir, Lind -'3a.coitd, nortgogoo
a
the ?tu*. c. ° Y.''.•Jre:7 zn' 04/110 1)01.2.0”t3 (::10.04)
•
onnpensatlo-L "oa' =a cal 43, being:
•
:, .ttri.p cf land °0 frit •airle a&3s ut et:::4 South Lis the
• pr Rr.:Y1: .I-Irtny right-of-wog r+741:1^Alas 'cetegsrd r ya'cx-
inntel 6230 tent frcn th• xnet 'rpinclnz r lino of ::.actjon
26, to th , :on bounndar' lino of snici unction, 9:osmnhip-
B North, Ferro G2 '".ost o' the 3t:h Y. ",, containtn;t ?.42
acres.
T T'fl'"CC', i^,' I3 AIDhfiftr:t) to be clue and th-zro is hox•et:y rtuarci
ed to William C. HM S'S a orner, and Sri;'gndale hats Bank, nor:i n+ vo,
On am of ":z+. t ;a hurl 94/100 Do11s L (tla.94,
•
conpansation for P.arool 44, being:
__1L_
10 %gm:. 42
A strip of land 20 feet wide adjacent and South of the
present highway right-o.-sway, extending Westward approx-
• imately 5280 feet from the Vast boundary line of Section
27, to the West boundary lino of said Section, Township
• 8 North, Range 62 West of the 6th P. LI., containing
approximately 2.42 acres.
IT IS FURTHER ORDERED, ADJUDGED MID DECREED that petitioner
is entitled to take for the widening of the present highway each
and every tract or parcel of land hereinbofore de:.cribod and that
Yield County shall hereby bo mue seized in fee thereof and entitled
to the possession thereof asd to hold and use the same for the pur-
pose of a, pbblic highway and in discharged from any and all claim
for any uemagos by reason o: any matter specified in said petition
and this Ruling.Done in open Court t5is,/,f*day of September, 1935.
• By the Court:.
•
Judge -
•
•
•
•
12.
BOOK 983
CERTIFICATE OF COPY—The Tribuae.Republknn Publishing Co. Creaks.Colo. •
STATE OF COLORADO'
as.
County of Weld
I _ A. T. LUTHER
--------_._Clerk of the District Court, in and
for the aforesaid County and State,do hereby certify that the within and foregoing is a full, true and correct copy of
FINAL RULING OF COURT in Cause No. 9006, entitled:--BOARD OF
'COUNTY COLUISSIONERS OF WELD COUNTY, COLORADO, Plaintiff versus
ARVADA LODGE NO. 145 I. 0. 0. F. , et al Defendants, as the same
--...--------'--
appears from the Original Files and Records of this Court, in said
cause in this office now remaining.
.9 .
9 CI ST/(f IN TESTIMONY WHEREOF,I have hereunto set my hand and affixed my official P. :.--:.seal,at my office in Greeley in said County and State, this 17th day of
4.11
ae tember A. D. 193 5
.. .._-_-.
1
';. *~ ,,:•1 Clerk is fie Cou t,Weld County,-orndp._
Deputy.
r
• IR
IRONHORSE RESOURCES, LLC
June 4, 2014 RECEIVED
JUN 0 9 2014
Karla Ford WELD COUNTY
Deputy Clerk to the Board COMMISSIONERS
1150 O St./P.O. Box 758
Greeley, CO 80632
RE: Small Tract Leases
Dear Ms. Ford,
Please find enclosed 6 small tract leases and bonus payments at the Board's new terms, 18.50% royalty
and bonus consideration of$1200/acre.
Please feel free to contact me with any questions regarding this matter.
Sincerely,
Will Smith
Ironhorse Resources, LLC
3773 Cherry Creek North Drive, Suite 575
Denver, CO 80209
Phone: (303) 818-2045
Email: Will@IHRESLLC.com
3773 CHERRY CREEK NORTH DRIVE •SUITE 575 • DENVER.CO 80209 •303-228-3712
•
Karla Ford •
From: will@ihresllc.com
Sent: Monday, May 05,2014 3:56 PM
To: Karla Ford; Lucy Smith
Subject: RE: Revised Small Tract Lease Terms-Ironhorse
Karla-
Yes, we will wait for the revised small tract leases. Thanks for your help on this!
Will Smith
Ironhorse Resources, LLC
3773 Cherry Creek North Drive, Suite 575
Denver, CO 80209
Phone: (303) 818-2045
Email: Will@IHRESLLC.com
Original Message
Subject: Revised Small Tract Lease Terms - Ironhorse
From: Karla Ford <kford@co.weld.co.us>
Date: Mon, May 05, 2014 2:51 pm
To: Lucy Smith <lucysmith789@gmail.com>, "will@ihreslic.com"
<will@ihresllc.com>
Cc: Karla Ford <kford@co.weld.co.us>
Just following up to see if you wanted to wait for the revised small tract or move
forward on the current ones you send us. Please advise by Wednesday morning
as I will then be out of the office until May 19th. Thank you.
Karla Ford R
Deputy Clerk to the Board
1150 O Street/P.O. Box 758
Greeley, CO 80632
tel: (970)336-7215 X4228
T 77"r-
Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the
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From: Esther Gesick
Sent: Thursday, May 01, 2014 4:33 PM
To: willCalihresllc.com
Cc: Karla Ford; Esther Gesick
Subject: Revised Small Tract Lease Terms
1
Hi Will,
As previously discussed, there is a pending Ordinance concerning Weld County
Small Tract Oil and Gas Leases that will affect your clients.
The Weld County Commissioners are considering updating the Weld County Code
Mineral Leasing Policy to change the terms of Small Tract Oil and Gas Leases as
follows:
Bonus $1,200 per mineral acre
18.5% Royalties
Lease will be paid up and no rentals
If you are agreeable to these new terms and would like to process your currently
pending leases accordingly, just let us know and we will send you the new lease
form following approval of the First Reading of the pending Ordinance (to be
considered Wednesday, May 7, 2014).
Thank you,
Esther E. Gesick
Clerk to the Board
1150 O Street1P.O. Box 758IGreeley, CO 80632
tel: (970) 336-7215 X4226
----------
• r �
ti'
Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the
person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected
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destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this
communication or any attachments by anyone other than the named recipient is strictly prohibited.
2
Esther Gesick
From: Esther Gesick
Sent: Thursday, May 01, 2014 4:33 PM
To: will@ihresllc.com
Cc: Karla Ford; Esther Gesick
Subject: Revised Small Tract Lease Terms
Hi Will,
As previously discussed,there is a pending Ordinance concerning Weld County Small Tract Oil and Gas Leases that will
affect your clients.
The Weld County Commissioners are considering updating the Weld County Code Mineral Leasing Policy to change the
terms of Small Tract Oil and Gas Leases as follows:
Bonus$1,200 per mineral acre
18.5% Royalties
Lease will be paid up and no rentals
If you are agreeable to these new terms and would like to process your currently pending leases accordingly,just let us
know and we will send you the new lease form following approval of the First Reading of the pending Ordinance (to be
considered Wednesday, May 7, 2014).
Thank you, - nUr! 6/511 A q
Esther E. Gesick
Clerk to the Board _ _Tn A9 p., . inj 6 i
1150 O Street)P.O. Box 758/Greeley, CO 80632 L1
tel: (970)336-7215 X4226
Ito aU f a S
Confidentiality Notice:This electronic transmission and any attached documents or other writings ./
and may contain information that is privileged,confidential or otherwise protected from disclosur es- - -atm% i ..(,M,elpq/p, er,
immediately notify sender by return e-mail and destroy the communication.Any disclosure,copyi V s
of this communication or any attachments by anyone other than the named recipient is strictly pr &An./ •4
1
IR
IRONHORSE RESOURCES, LLC
RECEIVED
APR 10 2014
April 9, 2014 WELD COUNTY
COMMISSIONERS
Karla Ford
Deputy Clerk to the Board
1150 O Street/P.O. Box 758
Greeley, CO 80632
RE: Small Tract Leases
Township 8 North, Range 60 West, 6th P.M.
Section 22: See Enclosed Leases for Complete Legal Description
Section 23: See Enclosed Leases for Complete Legal Description
Section 25: See Enclosed Leases for Complete Legal Description
Dear Ms. Ford,
Please find enclosed six Small-Tract Oil and Gas Leases for the Board of County Commissioners' agenda,
signed and notarized. Bonus consideration for each lease is also enclosed by separate check for each
lease.Vesting documentation was already communicated to you, please let me know if you need any
additional documentation.
Please feel free to contact me with any questions regarding this matter.
Sincerely,
Will Smith
Ironhorse Resources, LLC
3773 Cherry Creek North Drive, Suite 575
Denver, CO 80209
Phone: (303) 818-2045
Email: Will@IHRESLLC.com
3773 CHERRY CREEK NORTH DRIVE •SUITE 575 •DENVER,CO 80209 •303-228-3712
M
Karla Ford
From: Lucy Smith[lucysmith789@gmail.com]
Sent: Tuesday,April 08,2014 10:37 AM
To: Karla Ford
Cc: Esther Gesick;will@ihresllc.com
Subject: Re:Weld County Small Tract Lease Information-Iron Horse
Attachments: WeldCo Lease 23-8-60 E Boundary Line.pdf;WeldCo Lease_23-8-60 W Boundary Line.pdf;WeldCo Lease_22-8-60 W
Boundary Line.pdf;WeldCo Lease_22-8-60 E Boundary Line.pdf;Final Ruling of Court.pdf
Hi Karla,
I am emailing you regarding the Small Tract Leases in Sections 22 and 23 of 8N 60W which you discussed with
Will Smith at Ironhorse Resources.
We would like to go ahead and process the attached leases. Per your request I have also attached a "Final Ruling
of Court" (Reception Number: 721497) as evidence that Weld County is the owner of said tracts.
Unless you need any more information from me, I will go ahead and mail the signed leases along with the
bonus check of$2,904 for 4.84 acres.
Please sign and mail back to:
Ironhorse Resources, LLC
3773 Cherry Creek North Drive, Suite 575
Denver, CO 80209
Let me know if you need any more information.
Thanks,
Lucy Smith
Ironhorse Resources, LLC
(720) 273-5205
On Mon, Apr 7, 2014 at 9:57 AM, <will@ihresllc.com>wrote:
Will Smith
Ironhorse Resources,LLC
3773 Cherry Creek North Drive,Suite 575
Denver, CO 80209
O:303.228.3712
D:303.228.3715
C:303.818.2045
E: Will@ihresllc.com
Original Message
Subject: Weld County Small Tract Lease Information- Iron Horse
From: "Karla Ford" <kford@co.weld.co.us>
I Date: 3/25/14 4:42 pm
To: "will@ihresllc.com" <will@ihreslic.com>
Cc: "Karla Ford" <kford@co.weld.co.us>, "Esther Gesick" <egesick(@,co.weld.co.us>
1
Mr. Smith:
Thank you for your inquiry to lease our mineral interests. We are in need of more information to
process this request. Please submit the following:
*Title Opinion, or such, showing that Weld County owns the mineral interests.
*The attached lease agreement signed and notarized. You will need to complete the acres, amounts,
legal description, etc. *Check made payable to Weld County—it is $600.00 per acre. (Small Tract—
i you would take the acres x $600 to get the correct amount. Example .287 acres x $600 = $172.20).
! Please let me know if you have any other questions!
Karla Ford X
1 Deputy Clerk to the Board
1150 O Street/P.O. Box 758
Greeley, CO 80632
tel: [970)336-7215 X4228
• r r
�-•
Confidentiality Notice:This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is
addressed and may contain information that is privileged,confidential or otherwise protected from disclosure.If you have received this communication in
error,please immediately not fy sender by return e-mail and destroy the communication.Any disclosure,copying,distribution or the taking of any action
concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited
2
Hello