HomeMy WebLinkAboutContract 42750 CITY SECRETARY
CONTRACT NO. 23 C
MEMORANDUM OF OIL AND GAS LEASE
STATE OF TEXAS §
§ KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF TARRANT §
BE IT REMEMBERED that on the4r"day of + , 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.
Executed this theay of (� ,2011.
LESSOR: LESSEE:
CITY OF FORT WORTH CHESAPEAKE EXPLORATION,LLC
an Oklahomaliited liability company
s '21 �r$0, val��n
By:Fernando Costa „o°
per' 407°00` David G.Brannen
a ®
Title:Assistant City Manager p�o and Manager
Of..
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ATTEST:
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City Secretary 4il� X �o Contract AuthorizeL
APPROVED AS TO FORM AND LEGALITY: Date
By: �IwK�- �, 12Q
Assistant City Morney
Date:
OFFICIAL RECORD
CITY SECRETARY
1 FT.WORTH,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 2011.
[SEA(] `
Notary Public in and for the
State of Texas EVONIA UAMFlS
COMMISSION E'/,PIf3ES
,f? ? duly 10,2013
My Commission .pees. _
le) Print Name of Notary Public Here
THE STATE OF OKLAHOMA §
COUNTY OF l�(.�AYIDID�� §
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 day of_ 12011.
[SI;
_ Notary Public,in and for the
State of Ok(4 VWA- ;\N�\""0I'HV'44A�''f.
My Commission Expires: '4', p1ARr•
Print Name of Notary Public Here = = #11001263
EXP.02/14/15 ' =
,ST
OF'i i 001��`
OFFICIAL RECORD
2 CITY SECRETARY
FT.WORTH,TX
Exhibit A
2.218 acres of land,more or less,being a part of the J.B.York Survey,Tarrant County,Texas,
being more particularly described by metes and bounds in that certain Deed dated November
28`h, 1927,from Baker Bros Co.,as Grantor,to the City of Fort Worth,as Grantee,recorded in
Volume 969,Page 251,Deed Records,Tarrant County,Texas.
(N.RIVERSIDE ROW)
(SASHA UNIT)
3
M&C Review Pagel of 2
Official site of the City of Fort Worth,Texas
CITY COUNCIL AGENDA Fo- �'-�
COUNCIL ACTION: Approved As Amended on 11/17/2009-Amendment Is Highlighted In Yellow
DATE: 11/17/2009 REFERENCE NO.: L-14889 LOG NAME: LASES
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, (MSC 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 Managers 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-parte properties under five acres if opposition to conversion is expressed by citizens in the
affected neighborhood or a Council Member requests such consideration.
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 Managers Office by: Fernando Costa (6122)
Originating_Deaartment Head: Susan Alanis(8180)
Additional Information Contact: Jean Petr(8367)
ATTACHMENTS