HomeMy WebLinkAboutContract 36670 CITY
CON R CT Np Y
MEMORANDUM OF OIL AND GAS LEASE
STATE OF TEXAS §
§ KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF TARRANT § _
BE IT REMEMBERED that on the L^l"•-day of It ,.2<7, a Paid Up
Oil and Gas Lease was made and entered into by and between the CI OF FORT WORTH,a
home rule municipal corporation of the State of Texas, c/o Director, Department of
Engineering, 1000 Throckmorton Street, Fort Worth, Texas 76102, hereinafter called
"(LESSOR)"; and CHESAPEAKE EXPLORATION, L.L.C., 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 day of ,200$4f�.,
LESSOR: LESSEE:
CITY OF FORT WORTH CHESAPEAKE EXPLORATION,L.L.C.
By: f��Lumma By:ClifJ.JArritt
Title:Assistant City Manager Its:Land Manager P�
ATTEST:
City Secretary
APPROVED AS TO FORM AND LEGALITY:
13��/ )11,4�1,1,-- -11
Assistant City Att ey
Date: 1 / 2-1
o
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contract Authorizatioa
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Date
02-20-08 A10:01 IN CITY SH1^,VTUY
ACKNOWLEDGEMENTS
THE STATE OF TEXAS §
COUNTY OF §
BEFORE ME, I the undersigned notary public, on
this day personally appeared . ,known to me to be the person whose
name is subscribed to the foregoing instrument and, that (s)he has executed the same for the
purposes and consideration therein expressed.
ly
I- GIVEN under my hand and seal of office this day of
200k.
�;• `t;, HEITIE LANE
MY COMMISSION EXPIRES
July 26,2011
Nota4Public,State�of Texas
My Commission Expires:
Commission Number: ooG f 571—
STATE OF OKLAHOMA §
COUNTY OF OKLAHOMA §
This instrument was acknowledged before me this of 2-4) f
by Cliff J.Merritt as Land Manager of Chesapeake Exploration,L.L.C.on behalf o s d
corporation.
Ko&K Public,State of Oklahoma
My Commission Expires:
to EXP.05/517•I c
Commission Number:
''%�rgrnnnu
EXHIBIT A
Lovell-Montgomery ROW
1.014472 ACRES OF LAND MORE OR LESS, out of the W. Conner Survey, A-301, and
T.White,A-1636.being a portion of Block 3,Block 4,Block 12, and Block 13 in and to the
Brooklyn Heights Addition to the City of Fort Worth, as recorded in various plats filed in
Tarrant County,Texas,and being the same land in those certain deeds and conveyances as
follows:
TRACT 1 Block 3-Brooklyn Heights Addition
G.M. Crowder and wife,Lavaughn Crowder,and W.W.Whittle and wife, Carole Whittle,to the
City of Fort Worth, March 21, 1972, recorded at Vol. 5220, Pg. 950, of the Official (Deed)
Records of Tarrant County,Texas;part of Lot 3 of said Block 3;
Edyth S. Kurz Jackson, Chester O. Kurz, Emma Clark, Gladys Ruth Kurz, individually and as
Independent Executrix of the Estate of Herman Willard Kurz, deceased, to the City of Fort
Worth, July 11, 1972, recorded at Vol. 5295 Pg. 38, of the Official (Deed) Records of Tarrant
County,Texas;part of Lot 4 of said Block 3;
Robert Torres, Jackie Aleman, Jessie E. Perez, Lily G. Calva, Antonio J. Garay and Maria
Mendoza, to the City of Fort Worth, April 19, 1972, recorded at Vol. 5237 Pg. 124, of the
Official(Deed)Records of Tarrant County,Texas;part of Lot 5 of said Block 3.
Juanita v. Rodriguez, Individually and as Independent Executrix of the Estate of Lino L.
Bermejo,deceased,to the City of Fort Worth,January 12, 1972,recorded at Vol. 5172,Pg. 860,
of the Official(Deed)Records of Tarrant County,Texas;part of Lot 5 of said Block 3;
Less and Except:
City of Fort Worth,a municipal corporation of Tarrant County,Texas,acting by and through its
duly authorized Mayor, Woodie W. Woods,to Richland Realty Company, a Texas Corporation,
September 27, 1979, recorded at Vol. 6815, Pg. 2271, of the Official (Deed)Records of Tarrant
County,Texas;part of Lots 4,5,and 6 of said Block 3.
TRACT 2 Block 4-Brooklyn Heights Addition
Juanita Castro Maddox and husband,Robert Lynn Maddox,to the City of Fort Worth,March 3,
1972, recorded at Vol. 5212 Pg. 929, of the Official (Deed) Records of Tarrant County, Texas;
part of Lots 9 and 10 of said Block 4;
Jesse T. Alvarado and wife , Margaret Alvarado, to the City of Fort Worth, January 13, 1972,
recorded at Vol. 5179 Pg. 977, of the Official (Deed) records of Tarrant County, Texas; part of
Lots 10 and 1 l of said Block 4;
City of Fort Worth vs. W.B. West, et al, March 17, 1972, recorded at District Court of Tarrant
County,No.67-11595-72,parts of Lots 12, 13, 14, 15 and 16 of said Block 4.
TRACT 3 Block 12-Brooklyn Heights Addition
John F. Byrne and wife, Genevieve Byrne, to the City of Fort Worth, September 8, 1958,
recorded at Vol. 3247 Pg. 77, of the Official (Deed) Records of Tarrant County, Texas; part of
Lot 8 of said Block 12.
TRACT 4 Block 13-Brooklyn Heights Addition
Elbert Eugene Searcy and wife, Lucille H. Searcy, to the City of Fort Worth, May 8, 1956,
recorded at Vol. 2988 Pg. 510,of the Official(Deed) Records of Tarrant County,Texas;part of
Lot 8 of said Block 13.
3
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 1/18/2007
DATE: Thursday, January 18, 2007
LOG NAME: 30CITY LEASES REFERENCE NO.: G-15588
SUBJECT:
Authorize the Provision for Administrative Approval of Leases for Natural Gas Drilling under City-
Owned Properties of Two 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 two acres or less in size.
DISCUSSION:
On May 17, 2005, (M&C G-14798) Fort Worth City Council authorized City staff to advertise a request for
proposals from private companies to drill for natural gas under 3,651 estimated mineral acres of City-owned
properties. Most of these properties range from 3 to 800 acres or more in size.
From time to time, the City is asked to lease isolated City-owned properties in various locations that are two
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 engineering staff and the City's mineral asset management
consultant, JPMorgan Chase. Staff will report the negotiated lease bonuses and royalty to the City Council
through the regular monthly gas lease report. The leases would be executed through an internal
administrative process involving the Engineering Department, the City Attorney's Office and the City
Manager's Office.
Requirements and guidelines to be followed in determining eligibility for inclusion in the Adminstrative Gas
Lease Process are as follows:
• City-owned property two acres or less that is not a City park
• 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 distrubution of lease bonus and royalties will be in accordance with the revenue
distribution policy approved by the City Council
• No MWBE goal will be required due to the size of the parcels
In accordance with the Alternative Assets Agency Account Agreement between JPMorgan Chase and the
City (City Secretary Contract 29698), JPMorgan Chase will serve as the depository of the lease bonus and
royalty revenue until the City requests wire transfer of the funds.
http://www.cfwuet.org/council_packet/Reports/mc_print.asp 2/27/2008
Page 2 of 2
FISCAL INFORMATION/CERTIFICATION:
The Finance 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 bx; Marc A. Ott (8476)
Originating Department Head: A. Douglas Rademaker (6157)
Additional Information Contact: Jean Petr (8367)
http://www.cfwnet.org/council_packet/Reports/mc_print.asp 2/27/2008