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Home My WebLink AboutContract 42837 CITY SECRETARY 42b3-+ 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 thq; ty of , 2011, a Paid Up Oil and Gas Lease was made and entered into by and between the CITY OF FORT WORTH, a home rule municipal corporation of the State of Texas, 1000 Throckmorton Street, Fort Worth, Tcxas 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. .p. 1: # n�n Executed this th day of , 2011. 0°° °°®��®o� LESSOR: ATTEST: 6 g r CITY OF FORT WORTH P *0 a c oo°00000 000 p,o kq -ad Fernando Costa 60Za, f S Assistant City Manager N&9�.City Secretary L— `A b$� APPROVED AS TO FORM AND contract huthorizatioa rGAZ: 11. �- -- ocl Jt Date AssistaM City Attorn OFFICIAL RECORD CITY SECRETARY 02_03_12 xFT. WORTH, TX ,08 :47 IN 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 thisday of��(ll(' 2011. [SEAL , Notary Public in and for the E1/ONIq pARIE�s State of Texas :. MY COMMISSION EXPIRE July 10,2013 My Commission Expires.. Print Name of Notary Public Here LESSEE: CHESAPEAKE EXPLORATION, LLC e/� an Oklahoma limited liability company Q David G. Brannen „Kl` Land Manager THE STATE OF OKLAHOMA § COUNTY OF 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 ttof day ofDA*4eff—,2011. [SEM&— \\` f Notary Pub is in and for the \\��.� �p,NY ... State of Z-' :`jOT,4Ry• 9.p�. #11010317 My Commission Ex ires: I - E(p. 11!14!15 Print Name of Notary Public Here NQ = 9 •. PUg�\G.. OF OK�'P��`. OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX EXHIBIT A 1.113 acres of land,being parts of the G.J.Assabranner Survey,Abstract 7,Tarrant County,Texas. 0.300 acres of land,more or less,being all of Lot 18,Block H,of the Midwest Addition,an addition to the City of Fort Worth,Tarrant County,Texas,according to that certain plat recorded in Volume 388-T,Page 50, of the Plat Records of Tarrant County,Texas. 0.189 acres of land,more or less, being all of Lot 17,Block H,of the Midwest Addition, an addition to the City of Fort Worth,Tarrant County,Texas,according to that certain plat recorded in Volume 388-T,Page 50, of the Plat Records of Tarrant County,Texas. 0.187 acres of land,more or less,out of the GJ Assabranner Survey,Abstract 7,Tarrant County,Texas,and being more particularly described by metes and bounds in that certain deed dated January 3rd, 1967,by and between A.M. Pate Jr and wife,Joyce Peugh Pate,as Grantor,and City of Fort Worth,Texas, as Grantee,and recorded in Volume 4367,Page 330,of the Deed Records of Tarrant County,Texas. 0.120 acres of land,more or less,out of the GJ Assabranner Survey,Abstract 7,Tarrant County,Texas,and being more particularly described by metes and bounds in that certain deed dated January 15th, 1965,by and between A.M.Pate Jr and wife,Joyce Peugh Pate,and Sebert L. Pate as Grantor,and City of Fort Worth,Texas,as Grantee, and recorded in Volume 4059,Page 23,of the Deed Records of Tarrant County,Texas. 0.120 acres of land,more or less,out of the GJ Assabranner Survey, Abstract 7,Tarrant County,Texas,and being more particularly described by metes and bounds in that certain deed dated January 6th, 1964,by and between A.M. Pate Jr and wife,Joyce Peugh Pate,and Sebert L.Pate as Grantor,and City of Fort Worth,Texas,as Grantee,and recorded in Volume 4004,Page 453,of the Deed Records of Tarrant County,Texas. 0.197 acres of land,more or less, out of the GJ Assabranner Survey,Abstract 7,Tarrant County,Texas,and being more particularly described by metes and bounds in that certain deed dated January 18th, 1966,by and between A.M. Pate Jr and wife,Joyce Peugh Pate,and Sebert L. Pate as Grantor,and City of Fort Worth,Texas,as Grantee, and recorded in Volume 4182,Page 282,of the Deed Records of Tarrant County,Texas. (EAST BERRY LIBRARY) (MOUNT TABOR UNIT) M&C Review Page 1 of 2 Offidal site of the City of�� Foort Worth,Texas CITY COUNCIL AGENDA N 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 tease 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 perle 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 Manager's Office by: Fernando Costa (6122) Originating Department Head: Susan Alanis (8180) Additional Information Contact: Jean Petr(8367) ATTACHMENTS