The URL can be used to link to this page

Home My WebLink AboutContract 42756 CITY SECRETARY CONTRACT NO. Z�Sb MEMORANDUM OF OIL AND GAS LEASE STATE OF TEXAS § § KNOW ALL MEN BY THESE PRESENTS: COUNTY OF TARRANT § BE IT REMEMBERED that on the �da of 2011, a Paid Up Oil and Gas Lease was made and entered 4Co by and between the CITY OF FORT WORTH,a home rule municipal corporation of the State of Texas, 1000 Throckmorton Street, Fort Worth, Texas 76102, hereinafter called"(LESSOR)"; and CHESAPEAKE EXPLORATION, LLC,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. `r-- Executed this the J ay of�,2011. LESSOR: LESSEE: CITY OF FORT WORTH CHESAPEAKE EXPLORATION,LLC an Oklahoma ' ited liability/company ,, >raloOq� By:Fernando Costa r,.%U °°o :David G.Brannen J:YTitle:Assistant City Manager 9%.o °0 Land Manager 0.0 0 o xd ATTEST: d o ° o° 0fN—\ 000 * Ly �h�=n�'��y L 14-0000>1 City Secretary Contract Authorization 1 1-"-C)CI APPROVED AS TO FORM AND LEGALITY: Date By: 4W dQg. ok, t ,U Assistant City Ahorney Date: 4 � OFFICIAL RECORD CITY SECRETARY 1 FT,WORTH,TX 01-10-12 P03:26 IN 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 o, day of 2011. [SEAL _ ' Notary Public in and for the �•.�,,� State of Texas ; EvojA DA ra - ,. VELs�:' 7 t Ccx"Mi Jut SSlOrr F:npip�.� 1 My Commission Ex ices: —/_3 Print Name of Notary Public Here J THE STATE OF OKLAHOMA § COUNTY OF I�)�(.`O'6Mk_2 § BEFORE ME, the undersigned, a Notary Public, on this day personally appeared David Brannen, Land Manager, on behalf of Chesapeake Exploration, L.L.C., an Oklahoma Limited Liability Company,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 o4tmbtA, ,2011. \k"kI uiu1pry [SEAL ``y�E?...H0M Notary Public in and for the rQ :"61A State of 01114'k*A __ ##110012G3 ': My Commission Expires: _ EXP.02114/15 c Print Name of Nota Public Here =`nom°. - D yT /'t1CiUG O OFFICIAL RECORD CITY SECRETARY 2 FT,!NORTH,TX Exhibit A 0.601 acres of land,being parts of the J.B.York Survey,Abstract No. 1754 Tarrant County,Texas. Tract 1: 0.116 acres of land, more or less, over and across the South ends of Lots 16, 17, 18 and 19,Oak Place Addition, to the City of Fort Worth, being part of the J.B. York Survey, Abstract No. 1754, Tarrant County, Texas, being more particularly described by metes and bounds in that certain Deed dated September 23rd, 1929, from J.R. Jones and wife,Mrs. J.R. Jones,as Grantor,to City of Fort Worth, as Grantee,recorded in Volume 1096,Page 613,Deed Records,Tarrant County,Texas. Tract 2: 0.171 acres of land,more or less,over and across the North ends of Lots 27,28,29, 30,31, 32 and 33, Oak Place Addition, to the City of Fort Worth,being part of the J.B. York Survey, Abstract No. 1754, Tan-ant County,Texas,being more particularly described by metes and bounds in that certain Deed dated September 17'b, 1929, from J.A. Nipp and J.R. Page, as Grantor, to City of Fort Worth, as Grantee, recorded in Volume 1096,Page 612,Deed Records,Tarrant County,Texas. Tract 3: 0.044 acres of land,more or less,over and across the North ends of Lots 21 and 22,Oak Place Addition, to the City of Fort Worth,being part of the J.B.York Survey,Abstract No. 1754,Tarrant County,Texas, being more particularly described by metes and bounds in that certain Deed dated November 16", 1929, from H.A. Mason, as Grantor, to City of Fort Worth, as Grantee, recorded in Volume 1098, Page 69, Deed Records,Tarrant County,Texas. Tract 4: 0.108 acres of land, more or less,over and across the North ends of Lots 23,24,25 and 26,Oak Place Addition, to the City of Fort Worth, being part of the J.B. York Survey, Abstract No. 1754, Tarrant County, Texas, being more particularly described by metes and bounds in that certain Deed dated November 9`h, 1929,from E.J.Beach,as Grantor,to City of Fort Worth,as Grantee,recorded in Volume 1098,Page 66,Deed Records,Tarrant County,Texas. Tract 5: 0.162 acres of land,more or less,being a part of the J.B.York Survey,Tarrant County,Texas,being more particularly described by metes and bounds in that certain Deed dated September 20"', 1929, from Charlotte Bergman, as Grantor, to the City of Fort Worth, as Grantee, recorded in Volume 1096, Page 611,Deed Records,Tarrant County,Texas. (EARL ST.ROW) (SASHA) 3 M&C Review Pagel of 2 Offldal site of the City of Fort Worth,Texas CITY COUNCIL AGENDA Fo�H 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 dediested•park properties under five acres if opposition to conversion is expressed by citizens in the affected neighborhood or a Council Member requests such consideration. 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 for City Managers Office by: Fernando Costa (6122) Orlglnating Department Head: Susan Alanis (8180) Additional Information Contact: Jean Petr(8367) ATTACHMENTS