HomeMy WebLinkAboutContract 43911 CITY SECRETARY I
CONTRACT N0. 14
MEMORANDUM OF OIL AND GAS LEASE
STATE OF TEXAS §
§ KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF TARRANT §
BE IT REMEMBERED that on the 0— day of , 2012, 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. j
Executed this the�tiay of��� 2012.
LESSOR: obuat��n� ATTEST:
CITY OF FORT WORTH pyo' fQP �®�r
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Fernando Costa ° °
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Assistant Cit Manager as
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APPROVED AS TO FORM AND
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11-27-12 A11 :44 IN OFFICIAL RECORD Date
CITY SECRETARY
1u-10-12 PO": 11 IN FT.WOUH9TX
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 2012.
[SEAL)/,
SEAL] J#
Notary Public in and for the ;;,�y•.,;
=�ONState of Texas =• •;
My Commission Expires:
Print Name of Notary Public Here
LESSEE:
CHESAPEAKE EXPLORATION, LLC
an Oklahoma limited liability company
David G. Brannen
Land Manager
THE STATE OF OKLAHOMA §
COUNTY OF GIKI ,hCV%� §
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.de
GIVEN UNDER MY HAND AND SEAL OF OFFICE this V day of NICQem , 2012.
[SEAL]
"Nglilllllllryll',
(i �:�Notary Public in and for the Rosi ,
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State of
# #12007039
My Commission xpires: s4� 80
Print Name of Notary Public Here . F11t�K;P `
EXHIBIT"A"
Being 0.247 acres, more or less, and being a portion of land along the south side of Block B in the J. T.
Couch Addition as recorded in Volume 388 J, Page 47 of the Plat Records of Tarrant County, Texas, and
being more particularly described as follows:
COMMENCING at a 1 inch iron pin on the southwest comer of Lot 4, Block C, J. T. Couch Addition.
Thence, East a distance of 140 feet to the place of BEGINNING monumented by a 5/8 inch iron pin;
THENCE, East a distance of 214.6 feet to the east line of said Block B and the west line of the E. P.
Parris Survey;
THENCE, South along said survey line and the east line of said block B a distance of 50 feet;
THENCE, West along the south line of said Block B a distance of 21406 feet to a 5/8 inch iron pin in the
southwest corner of said Block B;
THENCE, North along the west line of said Block B a distance of 50 feet to the place of beginning, and
containing 10,730 sq. ft., more or less.
(OAKVIEW ROW)
(McCULLEY—PARIS UNIT)
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' M&C Review ® Page 1 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: 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
dedieeled Va+properties under five acres if opposition to conversion is expressed by citizens in the
affected neighborhood or a Council Member requests such consideration.
http://apps.cfwnet.org/council_packet/mc_review.asp?ID=12668&councildate=11/17/2009 02/01/2012
M&C Review 0 • 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 ManagLees Offlce by: Fernando Costa (6122)
Originating Department Head: Susan Alanis (8180)
Additional Information Contact: Jean Petr(8367)
ATTACHMENTS
'-`*-.���---•• ^�••••�*��-/....„��;� .+o�1Cp+/**+� rp..iav, aen9iT��1�F..fiRR.rnimrilclate=l 1/17/2009 02/01/2012