HomeMy WebLinkAboutContract 37699JSECRETARY OONTANOI .,
Melody Martinez
Mineral Property Manager
Specialty Assets - Oil and Gas
September 11, 2008
Jean Petr
City of Fort Worth
900 Monroe Street, Suite 302
Fort Worth, TX 76102
Re: Lost Spurs Park Consent to Assign
Ms. Petr,
I have reviewed the attached request from Chief Resources, LP. I see no problem with
execution of the attached. The request for the waiver of the approval is because the deal with
Quicksilver was made (7/3/08) prior to Chief's receipt of the executed lease. The City did not
notarize the lease until 8/4/08 which becomes the effective date of the lease.
Quicksilver is a reputable, experienced, conscientious operator. I see no reason to withhold the
consent. As always, please feel free to contact me should you have any further questions
regarding this matter.
Warmest Regard
Melody A. Martinez �
Vice President
Mineral Property Manager
OFFICIAL RECORD
CITY SECRETARY
n WORTH, TX
JPMorgan Chase, N.A. • 420 Throckmorton, Fort Worth, TX 76102
Telephone: 817-884-4286 •Facsimile: 817-884-5458 • melody.a.martinezC�jpmorgan.com
Fiduciary, custody products and investment management services are offered through
JPMorgan Chase Bank, N.A. and its affiliates.
INVESTMENT PRODUCTS: *NOT FDIG INSURED * 11O BANK GUARANTEE *MAY LOSE VALUE
C141EA�
OIL E GAS LLC
September 8, 2008
Mr. Sheldon Thompson
JP Morgan Chase Bank
420 Throckmorton, Second Floor
Fort Worth, Texas 76102
RE: Consent to Assign
Dear Mr. Thompson:
Chief Resources, LP (formerly known as Chief Resources LLC) and other parties (collectively "Sellers")
entered into a Purchase and Sale Agreement (the "PSA") dated July 3, 2008 with Quicksilver Resources,
Inc. ("Quicksilver"). Pursuant to the PSA, Quicksilver acquired all of Sellers' collective interest in
various oil and gas leases, wells and other assets as described in the PSA, including that certain Oil and
Gas Lease (the "Lease") dated August 4, 2008, between the City of Fort Worth, as Lessor, and Chief
Resources LLC, as Lessee, City Secretary Contract No. 37395.
Pursuant to Paragraph 14 of the Lease, the Lease may be assigned in whole or in part by Lessee provided
such assignment shall require the prior written consent of Lessor. This letter is to request that the City of
Fort Worth i) approves of the assignment of the Lease from the Sellers to Quicksilver, and ii) waives the
prior approval(s) needed for this consent. Chief hereby requests that you approve such assignment by
signing in the space provided below and returning one original of this letter to the undersigned in the
enclosed self-addressed envelope.
Thank you for your prompt attention to this matter. If you should have any questions, please do not
hesitate to call.
5ircerely yours,
CHIEF OIL &GAS LLC
Jitndsey Ayd (t ldoc�
Land Analyst
5956 Sherry Lane, Suice 1500 Dallas, Texas 75225 214-265-9590 214-265-9593 fax wwwchiefog.com
Consent to Assign
September 8, 2008
Page 2 of 2
On this .5O day of September, 2008, the City of Fort Worth hereby approves of the assignment from
Sellers to Quicksilver and further waives any prior approval needed for this consent.
By: o.�._..L(_...C__�
Assistant City Manager
Of=FICtAL RECORD
CITY SECRETARY
FT. WORTH, TX