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MEMORANDUM OF OIL AND GAS LEASE
STATE OF TEXAS §
§ KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF TARRANT §
BE IT REMEMBERED that on th5��ay of , 2011, a Paid Up
Oil and Gas Lease was made and entered mto by and be een 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.
P, 44®�4� F®�P
QOOpd�Executed this t day of 2011. a �
�LESSOR: ATTEST:
�d0
oCITY OF FORT WORTH °° ° °OO000a° ICY
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Fernando Costa M&Ky Hen 'ix OM 6'QY U0f19
Assistant City Manager M&I. City Secretary
L-1 A051 APPROVED AS TO FORM AND
contract. Authorization LEGALITY:
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AssistanCity Attorne
OFFICIAL RECORD
CITY SECRETARY
>_,, _ 1 g A :4 FT.WORTH,TX
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 o29 day of iQi 2011.
[SEAL -
Notary Public in and for th EVONIA DANIELS
State of Texas € MY COMMISSION EXPIRESJ�
>rE,v; *'.• July 10,2013
My Commission Expires:
Print Name of Notary Public Here
LESSEE: tZ0
CHESAPEAKE EXPLORATION, LLC
an Oklahoma limited liability company
David G. Brannen
Land Manager
THE STATE OF OKLAHOMA §
0h lah06VA- §
COUNTY OF §
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 ja day of ,2011.
a�f•�jOTgj�•:�G9:'
Notary Public in and for the
>r0
soo,33s = State of�(�hnrn�
cn;EXP.08/10/13:Q.
°F,�� P vMy Commission Expires: o�-/0- 3
A, U 1 Print Name of Notary Public Here
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
EXHIBIT "A"
0.197 acres of land, more or less, out of the GJ Assabranner Survey, Abstract 7, Tarrant County, Texas,
and being more particularly described by metes and bounds in that certain deed dated December 26, 1962,
by and between J.H. Richards, Sr., Trustee of Polytechnic Church of Christ and Loye J. Roberts, Trustee
of Eastland Street Church of Christ, as Grantor, and City of Fort Worth, Texas, as Grantee, and recorded
in Volume 3774,Page 279, of the Deed Records of Tarrant County,Texas.143 acres of land, more or less,
being Lot 1 and 2, Block 82, out of the Chamberlin Arlington Heights, first filing Addition, an addition to
the city of Fort Worth,Tarrant, County, Texas, according to that certain plat recorded in Volume 63, Page
21, of the Plat Records of Tarrant County,Texas.
(EASTLAND CHANNEL)
(BRAYLON UNIT)
M&C Review Page 1 of 2
offidal site of the City of¢¢
�Foort Wath,Texas
CITY COUNCIL AGENDA N
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, (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, Mldkiff 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/WSE 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-pule 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 Manager's Office by: Fernando Costa (6122)
Originatlna Department Head: Susan Alanis(8180)
Additional Information Contact: Jean Petr(8367)
ATTACHMENTS