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Home My WebLink AboutContract 40293-A1 NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. CITY SECRETARYL -iq CONTRACT NO. -(� AMENDMENT, EXTENSION, RATIFICATION & REVIVOR OF OIL AND GAS LEASE STATE OF TEXAS ) KNOW ALL MEN BY THESE PRESENTS COUNTY OF TARRANT ) WHEREAS, a certain Oil and Gas Lease dated May 7, 2010 was executed by and between the City of Fort Worth, a home rule municipal corporation of the State of Texas, as Lessor, and Chesapeake Exploration, LLC, as Lessee; the Oil and Gas Lease and/or Memorandum of Oil and Gas Lease being recorded in Instrument No. D210138658 of the official public records of TARRANT County, Texas, ("the Lease"), covering the following described lands: 7.697 acres, more or less, being Lots 2-9, Block 7, Trentman City Addition, an addition to the City of Fort Worth, Tarrant County, Texas, and being a part of the M. Horn Survey, A- 691. (Fairfax Park) WHEREAS, it is the intent of the parties hereto, that any and all lands covered under said lease are subject to the terms of this agreement, whether or not specifically described herein; and WHEREAS, the Lease has expired and prior to the expiration of said lease, the working interest thereunto appertaining was owned of record by Chesapeake Exploration, LLC (a/k/a Chesapeake Exploration Limited Partnership) and Total E&P USA., Inc., and it is now the desire of Lessor to adopt, ratify, revive, confirm and extend said Lease; NOW, THERFORE, for good and valuable consideration in hand paid to the undersigned by Chesapeake Exploration, LLC (a/k/a Chesapeake Exploration Limited Partnership) and Total E&P USA., Inc. the receipt and sufficiency of which is hereby acknowledged; the undersigned do hereby revive and amend the Lease to allow and provide for an extension of the Lease for an additional term of six (6) months, being until November 7, 2012 and for as long thereafter as oil or gas, or either of them, is produced from said land or lands pooled therewith and as long thereafter as producing and the undersigned does hereby specifically adopt, ratify, revive, confirm and extend said lease in all of its terms and provisions and do hereby demise, lease and let said premises unto Chesapeake Exploration, LLC (a/k/a Chesapeake Exploration Limited Partnership) and Total E&P USA., Inc. its successors and assigns, subject to and in accordance herewith, and do hereby declare and agree that the said Lease in all of its provisions is binding, and that the same is a valid and subsisting Oil and Gas Lease. OFFICIAL CORD 0 7- 0-12 P 12 07 OUT CITY $ECpOAW T,w0wm, M 07-18-12 PO4:02 IN FURTHER, the provisions hereof shall be binding upon the parties hereto, their respective heirs, legatees, devisees, personal representatives, successors and assigns. EXECUTED this l y o , 2012, but for all purposes effective the 7th day of May, 2010. LESSEE: LESSOR: CHESAP P ORATION, LLC CITY OF FORT WORTH By: Cliff r By: Fernando Costa ----Title: Vice Pre ident-Land, Southern Division Title: Assistant City Manager 4.ao'�a"��it� a4®� FOS ` Ar ' '0 4_�p 0 ATT ST: �o° c 000, Q O o 0-fo 0 o4WA Ci Secre % 0o dp a� �°DOOo000 �p a-nhFh��x,��AS �� APPROVED AS TO FORM AND LEG 9 4A,6�� V- . & ci- ssistant City Attorney ACKNOWLEDGEMENT OFFICIAL RECORD CITY SECRETARY THE STATE OF TEXAS § FT.WORTH,TX COUNTY OF TARRANT § BEFORE ME, the undersigned, a Notary Public, on this day personally appeared Fernando Costa, Assistant City Manager of the City of Fort Worth, a home-rule municipal corporation of the State of Texas, known to me to be the person whose name is subscribed to the foregoing instrument and, that he has executed the same for the purposes and consideration therein expressed. 9/4- GIVEN UNDER MY HAND AND SEAL OF OFFICE this �� day of 2012. [SEA Notary Public in and for the State of Texas My Commission Expires: 7�lID"SIL3 Print Name of Notary Public Here l�uthorizatiox Cpatract = EVONU DMIELS • 'z MY COMMISSION EXPIRES ,F p;•`� Jar 10,2013 Date STATE OF OKLAHOMA ) COUNTY OF OKLAHOMA ) BEFORE ME, the undersigned, a Notary Public, on this day personally appeared Cliff Merritt, Vice President — Land, Southern Division on behalf of Chesapeake Exploration, L.L.C., an Oklahoma limited liability company, known to me to be the person whose name is subscribed to the foregoing instrument and that he has executed the same for the purposes and consideration therein expressed. GIVEN UNDER MY HAND AND SEAL OF OFFICE thiso1'-'? day of 2012. _-' 1�a 10,o�es�z= otary Pu � in a the S t of Oklahoma Nd�•11!30/15 tavqcIAL RECORD 5F R WORr" TX M&C Review Pagel of 2 Official site of the City of Fort Worth,Texas CITY COUNCIL AGENDA FoRRTTW`ORRTTH COUNCIL ACTION: Approved on 7/10/2012 DATE: 7/10/2012 REFERENCE L-15392 LOG NAME: 06FAIRFAXPARKEXT NO.. CODE: L TYPE: NOW PUBLIC NO CONSENT HEARING: SUBJECT: Approve Extension of the Fairfax Park Lease Agreement with Chesapeake Exploration, LLC, for a Six Month Period in the Amount of$7,697.00 for Natural Gas Drilling Under 7.697 Acres, More or Less, of Fairfax Park (COUNCIL DISTRICT 5) 140 -6141 RECOMMENDATION: V It is recommended that the City Council approve an extension of the Fairfax Park lease Agreement with Chesapeake Exploration, LLC, for a six month period in the amount of$7,697.00 for natural gas drilling under 7.697 acres, more or less, of Fairfax Park. DISCUSSION: On April 20, 2010, (M&C L-14969) the City Council approved the acceptance of a lease Agreement for a two year term with Chesapeake Exploration, LLC, for natural gas drilling under 7.697 acres, more or less, of Fairfax Park in the amount of$26,939.50. The lease was executed and effective May 7, 2010. The lease term expired on May 7, 2012. Chesapeake Exploration, LLC, has requested to revive and extend the lease for an additional six month time period for additional bonus of$7,697.00 based on $1,000.00 per acre. All other terms of the lease will remain the same. Staff has evaluated the offer and recommends acceptance of the revival and extension of the lease based on its inclusion in a unit and the planned drilling schedule. Revenues received from this lease will be deposited according to the current Financial Management Policy Statements (M&C G-17470 approved December 13, 2011) which direct 100 percent of the bonus to the Park Gas Lease Project Fund to be used for capital improvements at this park. Since this park received state or federal grant funds, royalties and other fees received from this gas lease will be allocated 50 percent to the Park Gas Lease Project Fund and 50 percent to the Park System Endowment Gas Lease Fund. The property is located in COUNCIL DISTRICT 5, Mapsco 92H. FISCAL IFICATION: The Financial Management Services Director certifies that the Planning and Development Department is responsible for the collection and deposit of funds due the City under this agreement. TO FundlAccount/Centers FROM Fund/Account/Centers C282 446100 801929933400 $7,697.00 Submitted for City Manager's Office by: Fernando Costa (6122) Originating Department Head: Randle Harwood (6101) Jean Petr(8367) http://apps.cfwnet.org/council_packet/mc_review.asp?ID=16938&councildate=7/10/2012 07/12/2012 C evier Page 2 of 2 Additional Information Contact: D. J. Harrell (8032) ATTACHMENTS M&C Fairfax Ext.pdf http://apps.cfwnet.org/council_packet/mc_review.asp?ID=16938&councildate=7/10/2012 07/12/2012 MAYOR AND COUNCIL COMMUNICATION MAP Fairfax Park l w Approve an extension of lease agreement Y� with Chesapeake Exploration, LLC. ,PECOS Oro A C _ ` F;afrfdx' ark 70 A y 9 1 r 1116 fir Wr "o }t Z + C ... LA uJ ERR�I( W i rAIlk -a FI A 4ARBOR :E r-eet � a 0 62.5125 250 � k FORT WORTH. Copyright 2077 City of Fort Worth. Unauthorized reproduction is a violation of applicable lows.This product is for informational purposes and may rat have been prepared for or be Fairfax Park suitable for legal, engineering,or surveying purposes. It does not represent an on-the- ground survey and represents only the approximate relative location of property boundaries.The City of Fort Worth assumes no responsibility for the accuracy of said data. G@n @�$� LOCetCOn