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Home My WebLink AboutContract 41492 CITY SECRETARY CONTRACT NO, MEMORANDUM OF OIL AND GAS LEASE STATE OF TEXAS § § KNOW ALL MEN BY THESE PRESENTS: COUNTY OF TARRANT § BE IT REMEMBERED that on the�day of 201X, a Paid Up Oil and Gas Lease was made and entered into by and between the CITY UF 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. 41 Executed this the LTJ day o III 201 . LESSOR: LESSEE: CITY OFF T WORTH XTO ENERGY INC. Qoe By:Fern do osta 6�I �/ By: Edwin S.Ryan,Jr. Title:Assistant City Man er 1 Its: Sr.Vice President—Land Administration ATTEST: pp 4 �� City Secretary $ $Z 0, 0 *00 0 APPROVED AS TO FORM AND LEGALITY: 00p000000 aa��Q Assistant CityAtttgney / contract AuthorizatiOR A Date: > / 1'1 105 Det® OFFICIAL RECORD CITY SECRETARY FT.WORTH,TX ACKNOWLEDGEMENTS THE STATE OF TEXAS § COUNTY OF TARRANT § Ro.ndk o�ct BEFORE ME,the undersigned,a Notary Public,on this day personally appeared Assistant City Manager of the City of Fort Worth, a home-rule municipal corporation of the State of Texas,]mown 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. Ql GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of c 1 _ -& Notary Public in and for the �'�Y` UNDA M.HIRRUNGER State of Texas ;P; MY COMMISSION EXPIRES p„t• Feb M A 2014 My rVn_b 1sion�E,,pires: (Ch I 4 Print Name of Notary Public Here THE STATE OF TEXAS § COUNTY OF TARRANT § &11B.LFMIInth undersigned, a Notary Public, on this day personally appeared Y I ( 'on behalf of XTO Energy,Inc.,known to me to be the person whose nabhe is§ubscribed to the foregoing instrument and,that he has executed the same for the purposes and consideration therein expressed. 1 GIVEN UNDER MY IJAND AND SEAL OF OFFICE this day of 4201/. [SE41d Notary Pqlblic in and for the State of0-ka5 My Co ssion Expires: QX1.2 2N2— Print Name of Notary Public Here 1►arR DEDRA L.NUNEZ Notary Folic ' 4 STATE OF TEXAS my Corm.hip.01/28/2012 OFFICIAL RECORD CITY SECRETARY FT.WORTH,TX 2 Exhibit A 4.7330 acres,more or less, situated in the Josiah M C Lynch Survey,Abstract No. 955,Tarrant County, Texas, and being a portion of that certain 18.25 acre tract being Block B, Texas&Pacific Railway Co. Addition,according to the Plat recorded in Volume 49, Page 423, Plat Records,Tarrant County,Texas, and being more particularly described in that certain Warranty Deed dated March 12, 1952 from All Church Home for Children,Inc.,a body corporate duly incorporated and doing business under the laws of Texas, acting by and through Ester E. Wilson, President to the City of Fort Worth, a municipal corporation as recorded in Volume 2421,Page 258,Official Public Records,Tarrant County,Texas. (LYNCH SURVEY SOUTH) N IAL RECORD SECRETARY WORTH,TX 3 M&C Review Page 1 of 2 Official site of the City of Foit Worth,Texas CITY COUNCIL AGENDA FoRT�TH 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&counciIdate=l 1/17/2009 12/16/2010 M&C Review 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 Fernando Costa (6122) Originating 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 l/17/2009 12/16/2010 STUDY MAP FOR LAWN TERRACE ADDITION WESCO A 0. 1377 Lawn Terrace XTO/Chis Norton would like to Lease ROW portions of BLK 3 Lot 9 _F SE E i-T F/77� -37, 1 b 1 i a . s' Aftr t _ - - _+ v f 3 { rA Y 13R 4 f x � 5 12 ,r' Q f i f. 8 8 �,�• } ��`'�/• sus 287 RosEo4E _ f ;,,i14 (�Ab uiNiIs 1 ®vv CITY GAS LEASES ® Proposed Gas Lease y DETAIL SHOWING THE PROJECT LOCATION 0 125 250 1% 500 Feet I I I I I I (NOT TO SCALE)