HomeMy WebLinkAboutContract 42430 CITY SECRETARY
CONTRACT NO. i4atk 3 a
MEMORANDUM OF OIL AND GAS LEASE
STATE OF TEXAS §
§ KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF TARRANT §
BE IT REMEMBERED that on the&day of_ 2011, a Paid Up
Oil and Gas Lease was made and entered into by and between the OTY OF FORT WORTH,a
home rule municipal corporation of the State of Texas, 1 0 Throckmorton Street, Fort
Worth, Texas 76102, hereinafter called"(LESSOR)'; and CHESAPEAKE EXPLORATION,
LLC,P.O.Box 18496,Oklahoma City,Oklahoma 73154,hereinafter called("LESSEE"),where
LESSOR hereby grants, leases and lets exclusively to LESSEE for the purpose of exploring for,
developing,producing and marketing oil and gas,together with any liquid or gaseous substances
produced in association therewith,from the following described land situated in Tarrant County,
Texas,to-wit:
SEE EXHIBIT"A"ATTACHED HERETO AND MADE A PART HEREOF
Subject to the other provisions therein contained, said lease provides for a primary term
of two (2) years, from the date thereof, and as long thereafter as oil or gas or other substances
covered therein are produced in paying quantities from the leased premises or from lands pooled
therewith,or this lease is otherwise maintained in effect pursuant to the provisions therein.
An Executed copy of said Oil and Gas Lease is in the possession of LESSEE at its
address indicated above.
Executed this thea y of 2011.
LESSOR: LESSEE:
CITY OF FORT WORTH CHESAPEAKE EXPLORATION,LLC
:an�7
m invited�liability/c'�ompany
By:Fernando Costa By:David G.Branneny4
Title:Assistant City Manager Its: Land Manager
YATTEST:
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City Secretarys
APPROVED AS TO FORM AND LEGALITY:
By: l /Lu M R.�OLtd�-
Assistant Ciity pAttorney
Date:
OFFICIAL RECORD
CITY SECRETARY
FT.WORTH,TX
1
ACKNOWLEDGEMENTS
THE STATE OF TEXAS §
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.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this -day o 2011.
[SEA L
Notary Public in and for the aa••
EVONIA DANIEU
State of Texas '� '•= 47Y GOMNISSlOY EXPIRES
h=odd y+� July 10,2013
My Commissio Expires:
/0—a Print Name of Notary Public Here
THE STATE OF OKLAHOMA §
COUNTY OF C:50_ CY A' §
BEFORE ME, the undersigned, a Notary Public, on this day personally appeared
David Brannen, Land Manager, 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 this l�'day of_ l J- �' 2011.
`'' '
otary Public
in and for the
....................................
State of CHRISTI 610EON
(j��)
Notary PubNc
E -
State of Oklahoma
My CUfI1fIl1J51Un nxpircS: Commission-#1------1 ExAires 67Y1G11
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• o ��j Print Name of Notary Public Here
OFFICIAL RECORD
CITY SECRETARY
FT.WORTH,TX
2
Exhibit"A"
Being 0.172 acres of land,more or less,situated in the G.J.Assabranner Survey,A-7,and being
all of Lot E,out of the Tkacz Addition,an addition to the City of Fort Worth,Tarrant County,
Texas,according to that certain plat recorded in Volume 388-K,Page 607 of the Plat Records of
Tarrant County.
(WILDCAT BRANCH CHANNEL)
3
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved As Amended on 11/17/2009 - Amendment is Highlighted in
Yellow
DATE: Tuesday, November 17, 2009 REFERENCE NO.: L-14889
LOG NAME: 06ADMIN LEASES
SUBJECT:
Authorize Administrative Approval and Execution of Leases for Natural Gas Drilling Under City-Owned
Properties of Five Acres or Less in Size
RECOMMENDATION:
It is recommended that the City Council authorize the City Manager to approve and execute leases for
natural gas drilling under City-owned properties that are five acres or less in size.
DISCUSSION:
On January 18, 2007, (M&C G-15588) Fort Worth City Council authorized the City Manager to approve
and execute leases for natural gas drilling under City-owned non-park properties that are two acres or less
in size.
From time to time, the City is asked to lease isolated City-owned properties in various locations that are
five acres or less. City staff is recommending that gas leases for these properties be administratively
approved for natural gas drilling leases after evaluation of the gas company's drilling plan, reputation,
financial status, project team and compliance history by staff and the City's mineral asset management
consultant, Midkiff Oil and Gas. The leases would be executed through an internal administrative process
involving the Planning and Development Department, the City Attorney's Office and the City Manager's
Office.
The purpose of this change is to allow staff to negotiate and expedite processing of small leases in order
to ensure that the City is not excluded from units due to the time necessary for City Council review.
Requirements and guidelines to be followed in determining eligibility for inclusion in the Administrative Gas
Lease Process are as follows:
. City-owned property five acres or less;
• No surface use of any kind;
• No identified adverse impact to the surrounding neighborhood;
. Compliance with the City's gas drilling ordinance;
• Minimum bonus to be determined by current market rate;
• Minimum royalty of 25 percent;
. The distribution of lease bonus and royalties will be in accordance with the revenue distribution
policy approved by the City Council; and
• No M/WBE goal will be required due to the size of the parcels.
The lease will be presented to City Council for consideration prior to execution for any City owned
properties under five acres if opposition to conversion is expressed by citizens in the
Logname: 06ADMIN LEASES Page 1 of 2
affected neighborhood or a Council Member requests such consideration.
FISCAL INFORMATION / CERTIFICATION:
The Financial Management Services Director certifies that this action will have no material effect on City
funds.
FUND CENTERS:
TO Fund/Account/Centers FROM Fund/Account/Centers
CERTIFICATIONS:
Submitted for City Manager's Office by: Fernando Costa (6122)
Originating Department Head: Susan Alanis (8180)
Additional Information Contact: Jean Petr (8367)
ATTACHMENTS
No attachments found.
Logname: 06ADMIN LEASES Page 2 of 2