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Home My WebLink AboutContract 41484 CITY SECRETARY�I CONTRACT NO. 494 - MEMORANDUM OF OIL AND GAS LEASE STATE OF TEXAS § § KNOW ALL MEN BY THESE PRESENTS: COUNTY OF TARRANT § 1 f BE IT REMEMBERED that on the I day ofd2b)UJMJ 2011 a Paid Up Oil and Gas Lease was made and entered into by and between the CITY 0 FORT WORTH, a home rule municipal corporation of the State of Texas, 1000 Throckmorton Street, Fort Worth, Texas 76102, hereinafter called "(LESSOR)"; and XTO Energy Inc., 810 Houston Street, Fort Worth, Texas 76102, 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 LI'day of6 201X LESSOR: LESSEE: CITY OF FORT WORTH XTO ENERGY INC. By: Fernando Costa By: Edwin S.Ryan,Jr. Title: Assistant City Manager Its: Sr.Vice President—Land Administration pp4� QR 00 �� ATTEST: ,,,, °o 000�A p�O� °v° Q 00 l City Secretary o 0 d L—1 Q 0oc� °°0000000°Q ,.,'ontraclIt �--AuthorizationAPPROVED AS TO FORM AND LE � Date 1 Assistant City Attr/ney Date: r OFFICIAL RECORD CITY SECRETARY FT.WORTH,TX 1 - - � 4 ACKNOWLEDGEMENTS 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 d0j)Q,Al2tA MA. [SEAd.] A&W-NIANotary Public in and for the State of Texas LINDA M.HIRRLINGER ': My COMMISSION EXPIRES f . r February 2,2014 My-Commission Expires: jtb. a r .0),D 1 q Print Name of Notary Public Here THE STATE OF TEXAS § COUNTY OF TARRANT § F 1V.[ t e undersigned, a Notary Public, on this day personally appeared on behalf of XTO Energy, Inc., known to me to be the person whosehbme is subscribed to the foregoing instrument and, that he has executed the same for the purposes and consideration therein expressed. I GIVEN ER MY HAND AND SEAL OF OFFICE this day of ,201 [SEAL] Notary Pu is in and for the State of -40L5 My Comrrssion F ires: ��"""" VQYI.'L�,2.D1r Prin z Notary Public * ` STATE OF TEXAS My comm.Exp.01/28/2012 OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX 2 Exhibit A 0.379 of an acre, more or less, of a called 0.170 of an acre, situated in the George Shields Survey, A- 1402,Tarrant County,Texas, and being more particularly described in the following two(2)tracts: TRACT ONE: 0.246 of an acre, more or less, of a called 0.128 of an acre, being Lot 27, Block 12, Crawford Addition, according to the Plat thereof recorded in Volume 204, Page 104, Plat Records, Tarrant County, Texas, and being more particularly described as a portion of that certain Receiver's Deed dated November 15, 1968, from Matt Walker, Receiver by judgment of the 67`h District Court of Tarrant County, Texas, made and entered on March 12, 1968, Cause No. 46148-C, to the City of Fort Worth, a municipal corporation, as recorded in Volume 4648, Page 996, Official Public Records, Tarrant County, Texas. TRACT TWO: 0.133 of an acre, more or less, of a called 0.042 of an acre, being a portion of Lot 1, Block 12, Crawford Addition, according to the Plat thereof recorded in Volume 204, Page 104, Plat Records, Tarrant County, Texas, and being a portion that certain 0.185 of an acre tract described in that Warranty Deed dated August 6, 1968, from The Gospel Temple Church of God In Christ, acting herein by and through its duly authorized Trustees,namely, to wit: Henry Wade, John M. Henderson, Mack Carpenter and John A. White, to the City of Fort Worth, a municipal corporation, as recorded in Volume 4605, Page 478, Official Public Records, Tarrant County, Texas; LESS AND EXCEPT: 0.143 of an acre, more or less, being more particularly described as a portion of Lot 1 in that certain Warranty Deed dated December 1, 1976, from the City of Fort Worth, a municipal corporation, to Saint Paul Lutheran Church, as recorded in Volume 6140, Page 925, Official Public Records, Tarrant County, Texas. (ELEVENTH STREET ROW) 3 M&C Review Pagel of 2 Official site of the City of Fort Worth,Texas CITY COUNCIL AGENDA FORT WORTH 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 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=l 1/17/2 009 12/16/2010 M&C Review Page 2 of 2 FISCAL INFORMATION,ICERTIFICATION: 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 Mlanager's Office by: Fernando Costa (6122) Or inating Department Head: Susan Alanis (8180) Additional Information Contact: Jean Petr(8367) ATTACHMENTS http://apps.cfwnet.org/council_packet/mc_review.asp?ID=12668&councildate=l 1/17/2009 12/16/2010 3 BROADWAY i 4 3 2 1B 6 SHIELDS,GEORGE SUR EY 5 24 25 26 27 �a ,i WENNECA 3' 3 �s 4 w 3o V��s�