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ary
COWMCT 006
NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU
MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS
INSTRUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR
SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER.
MEMORANDUM OF OIL AND GAS LEASE
STATE OF TEXAS §
COUNTY OF TARRANT §
THIS MEMORANDUM, made this day of 4*0/p , 2012, by and between The City of Fort Worth,
1000 Throckmorton Street, Ft. Worth, Texas 76162"
61 2
hereinafter called "Lessor", and QUICKSILVER RESOLTRCES INC., 801 Cherry Street, Suite 3700, Ft. Worth,
Texas 76102 hereinafter called "Lessee."
WITNESSETH: That Lessor, for a valuable consideration and in consideration of the covenants of the Lessee
set forth in that certain Oil, Gas and Mineral Lease made and entered into this day by and between the parties
hereto covering the land hereinafter described, does hereby lease unto Lessee for the sole and only purpose of
exploring for and producing and marketing oil and gas, including casinghead gas and other gaseous substances
from, all that certain land situated in the County of Tarrant, State of Texas, and more particularly described on
Exhibit A.
The term of said Oil, Gas and Mineral Lease is for two (2) years from the date thereof and so long thereafter as
oil or gas is being produced in paying quantities from the lease premises, or land pooled therewith, or so long
thereafter as drilling, deepening or reworking operations for the production of oil and gas are being conducted
thereon, as therein provided.
Reference is hereby made to executed copies of said Oil, Gas and Mineral Lease in possession of Lessor and
Lessee respectively, for all of the provisions thereof, and by this reference same are incorporated herein and
made a part hereof in all respects as though fully set forth herein.
IN WITNESS WHEREOF, the parties hereto have caused the Memorandum of Oil and Gas Lease to be
executed effective as of the day and year first herein written.
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LESSOR:
CITY OF FORT WORTH
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By.
Assistant City Manager
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APPROVED AS TO FORM AND LEGALITY:
By:
Assistant Ci Attorney
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 a�l- -day of "'A , 2012.
[SEAL '
otary Public in and for the
HIH,
State of Texas ,.•z�►:r'�.y.;
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EYDNIA o WEL
My Commission
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Expires: ' •II�••••t •` Y COMMISSION'CxP❑ S
4:-,a Print Name of Notary Public Here July 10s 2013
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LESSEE:
Quicksilver Resources Inc.
By
Title: Vf tic 6AVVP
THE STATE OF TEXAS §
COUNTY OF TARRANT §
B ME, they undersigned, a Notary Public, on this day personally appeared
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title), known to me to be the person whose name is subscribed to_(
the fore oing instrument and,that Whe has executed the same for the purposes and consideration therein expressed.
GIVE ER M ND ND SEAL OF OFFICE this day of ,2012.
in and for the
State of Texas
My Commission Expires:
Print Name of Notary Public Here
MIM1 ELAINE KEENOM
My Commission Expires
March 13,2a 1 3
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EXHIBIT A
0.104 acres,more or less,located in the A.M. Gawltney Survey,A-SOO,Denton County,Texas,being the same tract of land described
in that certain Deed dated March 24, 1997,from H2M Water Systems,Inc.to the City of Fort Worth,Texas,recorded as Document
No.97-ROO18835,Official Records,Denton County,Texas.
(TEXAS MOTOR SPEEDWAY—0.144)
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M&C Review Page I of 2
Official site of the City y of Fort Worth,Texas
CITY COUNCIL AGENDA FouWORTH
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... ... ......
COUNCIL ACTION: Approved As Amended on 11/17/2009 -Amendment is Highlighted in Yellow
DATE: 1111712009 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, 20079 (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 MJWBE 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
properties under five acres if opposition to conversion is expressed by citizens in the
affected neighborhood or a Council Member requests such consideration.
FISCAL INFORMATIONICERTIFICATION:
http:ll apps.cfwnet.orglcouncil_packetlmc_review.asp?III=12668&councildate—1 1/17/2009 14/1 6/2012
M&C Review Page 2 of 2
"rhe 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 (8122)
Originating natina Department Head: Susan Alanis (8180)
Additional Information Contact: Jean Petr(8387)
ATTACHMENTS
http:Ilapps.cfwnet.orglcounc1 l_packetlmc review.asp?ID=12668&councildate=1111712009 10/16/2012