The URL can be used to link to this page

Home My WebLink AboutContract 46704 CITY SECRETAW 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 _ GGj� p 2014 a Paid U 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, 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 EX MIT "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. rn Executed this the day of , 2014. _m 1< LESSOR: ATTEST: m o CITY OF FORT WORTH n N cc -��7�� Fernando Costa ASS' • '0 City Secretary Assistant City Manager F fOR� 0 OCN)a �® APPROVED AS TO FORM AND g�0 LEGALITY: °� �/° ads °° /l Assistan City Attorney A�XAS OFFICIAL RECORD CITY SECRETARY FT.WORTH,TX 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 Aday of 8 2014. eun, LINDA M.HIRRLINGER S' C =* *= MY COMMISSION EXPIRES ;} S 20 18 - Notary Public in and for the State of Texas My Commission Expires: IR41D t�L► -;-Dkt L�nE�OI fYI. I0((MW,1 Print Name of Notary Public Here LESSEE: CHESAPEAKE EXPLORATION,LLC, an Oklahoma limited liability company By: A1-e ' EaVes K.Ary,Vice Presi ent-Land w31 Chesapeake E&P Holding Corporation,Manager THE STATE OF OKLAHOMA § COUNTY OF �rJ0(a% .-JMA § BEFORE ME, the undersigned, a Notary Public, on this day personally appeared James K A_ry Vice President Land Chesgpeake E&P Holding Corporation. 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. 5 GIVEN UNDER MY HAND AND SEAL OF OFFICE this Z7 day of JQ-PUZ vl 2014: [SEAL] ---------------- Notary Public in and for the l �"` - -"""'_-'"""" M,9� WHITNEY EVERHEARTAe� i State of Lt/,aho(A SEM", Notary Put�iic Vie.y State o Ido/�7 ; -----Comm My Commission Expires:e)/. issbn S 05007336Exp�ihs OgHO/17 ! - ------- ------- ---------- iklhiWI/fwk*f"Print Name of Notary Public Here N RECORDCRETARYTIi, TX r EXHIBIT A Being 0.2933 acres of land more or less out of the G. J. Assabranner Survey, A 291 Tract 1: Being .0890 acres of land more or less: The Eastl/2(or east 25 ft.)of Lot 45, Eastover sub-division of the City of Fort Worth, Tarrant County, Texas, for street purposes, and more particularly described in that certain Warranty Deed dated March 3, 1950, from Gus M. Cooley to the City of Fort Worth, and filed in Volume 2171, Page 382, Deed Records, Tarrant County, Texas. Tract 2: Being 0.0640 acres of land more or less: Being a part of Lot 17, Block 13, Sunshine Hill Addition to the City of Fort Worth, Tarrant County, Texas, according to plat recorded in Vol. 309. Page 69, of the Deed Records of Tarrant County, Texas, and being more particularly described by metes and bounds in that certain Warranty Deed dated December 28, 1961, from R. F. Echols and wife, Kathleen H. Echols to the City of Fort Worth, and recorded in Volume 3637, Page 646, of the Deed records of Tarrant County, Texas. Tract 3: Being 0.0590 acres of land more or less: a part of Lot 16, Block 12, Sunshine Hill Addition to the City of Fort Worth, Tarrant County, Texas, according to plat recorded in Vol. 309, Page 69, of the Deed Records of Tarrant County, Texas, and more particularly described by that certain Warranty Deed dated January 29, 1962, from P.F. Johnston and wife, Lois Johnston, to The City of Fort Worth, and recorded in Volume 3650, Page 394, of the Deed records of Tarrant County, Texas. Tract 4: Being 0.0433 acres of land more or less: The West 16 feet of Lot 30, Block 3, B. Jackson Addition to the City of Fort Worth, Tarrant County, Texas, according to plat recorded in Vol. 1846, Page 449, of the Deed Records of Tarrant County, Texas, and more particularly described in that certain Warrant Deed dated February 27, 1962, from Lloyd G. Clevenger and wife, Dorothy Louise Clevenger to the City of Fort Worth, and recorded in Volume 3658, Page 39, of the Deed records of Tarrant County, Texas. Tract 5: Being 0.0380 acres of land more or less: a part of Lot 1, Block 5, B. Jackson Addition to the City of Fort Worth, Tarrant County, Texas, according to plat recorded in Vol. 388-C, Page 13, of the Deed Records of Tarrant County, Texas, and being more particularly described by metes and bounds in that certain Warranty Deed dated December 13, 1961, from Jack Wesley Osborn and wife, Barbara Moore Osborn to the City of Fort Worth, and recorded in Volume 3633, Page 225, of the Deed records of Tarrant County, Texas. (MILLER ROWS) (MOUNT TABOR UNIT) OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX Page 1 of 2 Official site of the City of Fort Worth,Texas CITY COUNCIL AGENDA FURT,�H COUNCILACTION: 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 dedicated pafk properties under five acres if opposition to conversion is expressed by citizens in the affected neighborhood or a Council Member requests such consideration. httn_//anns_cfwnet_nrg/enuncil nacket/mc review acn91T)=1')66Rkr.nnnnilrlate=1 1/17/7om 5/7R/7(11 5 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 httn-//nnnscfwne.t oro,/ccnrncil nneket/mc review_nsn?117=12669&ceunciIdate=11/17/2009 5/28/2015