HomeMy WebLinkAboutContract 42847 CITY SECRETARY
CONTRACT NO. 42. "�
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 in by and of
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 the eday , 2011.
LESSOR: ATTEST:
CITY OF FORT WORTH
a A�
�0°00®/0.
016' °o�d
° p
Fernando Costao a onald Gonzales
Assistant City Manager o 0 001,a* Assistant City Secretary
Ay
APPROVED AS TO FORM AND
Contract Authorization LEGALITY:
11 . 1-+ _0`i M l
Date AssistanCity Attorn
OFFICIAL RECORD
CITY SECRETARY
02-03-12 A08 :44 IN FT. WORTH, TX
12-12-11 PO4:01 IN
i
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 94 day of 2011.
[SEAL] A"
Notary Public in and for the Qty°oY '"'rte
State of Texas EVoNtAe7ANlttg
ray
N: co
�. E. i 10MISSIOry PI ReS
My Commission Expires:
1y ,2013
Print Name of Notary Public Here
LESSEE:
CHESAPEAKE EXPLORATION, LLC
an Oklahoma limited liability company
V. e4g4't4'� q J�
David G. Brannen
Land Manager
THE STATE OF OKLAHOMA §
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.
Gi JEN UNDER MY HAND AND SEAL OF OFFICE this day of a n Q , 20112
----------------
,
TqR<�t KIMBERLY A.STOVALL
;[
No Public
�.,aL $late of Oklahnmn Notary P b4c 1 and for the
co -salon#»o�o� Exp1 Moa/ �;(� State of O Y1 WL
My Corn issi n ?1p �� -
Print Name/o�Notary Public Here
a
ECORDETARYH,TX
Exhibit"A"
0.7750 acres, more or less, out of the P. Pate Survey, A-1202 and the H. Covington Survey, A-
256, Tarrant County, Texas, and being Tracts 5D and 100O2 more particularly described in that
certain Warranty Deed dated March 12, 1953, from The Amon G. Carter Foundation, a
Corporation to The City of Fort Worth, a Municipal Corporation of Tarrant County, Texas, as
recorded in Volume 2554, Page 546, Official Public Records, Tarrant County, Texas.
WEST FREEWAY WATER TOWER 2
(DRIVER UNIT)
M&C Review Page 1 of 2
Offidal site of the Qty of Fort Worth,Texas
CITY COUNCIL AGENDA F0- �
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-0wned 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
Attomey'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 park 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 INFORMATI N CERTIFICATION:
The Financial Management Services Director certifies that this action will have no material effect on
City funds.
TO Fund/Account/Centers FROM Fund/Accounb'Centers
Submitted for City Manager's Office by: Fernando Costa (6122)
Originating Department Head: Susan Alanis(8180)
Additional Information Contact: Jean Petr(8367)
ATTACHMENTS