HomeMy WebLinkAboutContract 42643 CITY SECRETARY
CONTRACT NO. 4'Lb
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 ftk/ 2011, a Paid Up
Oil and Gas Lease was made and entered into by and between the CITY OF FORT WORTH,a
home rule municipal corporation of the State of Texas, 1000 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. d�,,�,,"
Executed this the qday of 16 UI(/y ,2011.
LESSOR: LESSEE:
CITY OF FORT WORTH CHESAPEAKE EXPLORATION,LLC
an Oklahoma limited liability company
By:Fernando Costa By:David G.Brannen C
Title:Assistant City Managero4�!Wo l - Land Manager
ATTEST: a,�o° o%0 0,
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City Secretary
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APPROVED AS TO FORM AND LEGAL `���1
L� 1`�889
kw* Contract Authorization
BY: �- � 11 I0`i
Assistant Cirt�pyj�Attomey Date
Date: Y' L�•��
OFFICIAL RECORD
CITY SECRETARY
l 12-07-1 t 'ft i460N,TX
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 of 2 2011.
[SEAT,
Notary Public in and for tlh j, n % EVONIA DANIELS
State of Texas '; MY COMMISSION EXPIRES
July 10,2013
My Commission Expires:
7-14 -,1-5 Print Name of Notary Public Here
THE STATE OF OKLAHOMA §
COUNTY OF Ck_L_NAhw4 §
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.
\pgNU 4uurp
QINDER MY HAND AND SEAL OF OFFICE this LO"day of 2011.
Notary Public in and for the
0 State of
M Commission Expires:5 1'7.2.01.5
QzC C-A 04'� Print Name of Notary Public Here
OFFICIAL RECORD
CITY SECRETARY
2 FT.WORTH,TX
s
Exhibit"A"
Being 0.733 acres of land,more or less,situated in the J.True Survey,Abstract No. 1894 and
being more fully described by the following:
.107 acres of land,more or less,being a portion of Lot 10 and all of Lots 11 and 12,Block 86,
Belmont Park Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being
more particularly described by metes and bounds in that certain deed dated May 24, 1967,by and
between James R.Thomas and wife,Judy Ann Thomas,as Grantor,and the City of Fort Worth,
Municipal Corporation,as Grantee,and recorded in Volume 4407,Page 570,of the Deed
Records,Tarrant Count,Texas;
.563 acres of land,more or less,being a portion of Lots 14 and 15,and all of Lots 16 and 17,
Block 86,of the Belmont Park Addition,an addition to the City of Fort Worth,Tarrant County,
Texas,being more particularly described by metes and bounds in that certain deed dated April
12, 1967,by and between W.W.Pulliam and wife,Rose Pulliam,as Grantor,and City of Fort
Worth,a Municipal Corporation,as Grantee,and recorded in Volume 4389,Page 452,of the
Deed Records,Tarrant County,Texas;
.063 acres of land,more or less,being a portion of Lot 13,Block 86,of the Belmont Park
Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly
described metes and bounds in that certain deed dated April 2, 1967,by and between Larry
Rattan and wife,Linda Casper Rattan,as Grantor,and the City of Fort Worth,Municipal
Corporation,as Grantee,and recorded in Volume 4395,Page 118,of the Deed Records,Tarrant
County,Texas.
Said lands herein deemed to contain.733 acres,more or less.
(BELMONT PARK ADDITION,BLOCK 86,LOTS 10-17)
(ROSEN UNIT)
3
M&C Review Page 1 of 2
official site of the City of Fort Worth,Texas
CITY COUNCIL AGENDA F'�H
COUNCIL ACTION: Approved As Amended on 11/17/2009 -Amendment Is Highlighted In Yellow
DATE: 11/17/2009 REFERENCE NO.: L-14889 LOG NAME. 06ADMIN
LEASES
CODE: L TYPE: NON-CONSENT PUBLIC NO
HEARING:
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
dediested pa*properties under five acres if opposition to conversion is expressed by citizens in the
affected neighborhood or a Council Member requests such consideration.
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M&C Review Page 2 of 2
FISCAL INFORMATION/CERTIFICATION:
The Financial Management Services Director certifies that this action will have no material effect on
City funds.
TO Fund/Account/Centers FROM Fund/Account/Centers
Submitted for City Manager's Office by- Fernando Costa (6122)
Originating Department Head: Susan Alanis (8180)
Additional Information Contact: Jean Petr(8367)
ATTACHMENTS
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