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HomeMy WebLinkAboutContract 43761 (2)CITY NORM CONIMCT NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. MEMORANDUM OF OIL AND GAS LEASE STATE OF TEXAS COUNTY OF TARRANT THIS MEMORANDUM, made this day of , 2012, by and between The City of Fort Worth, 1000 Throckmorton Street, Ft. Worth, Texas 76162 hereinafter called "Lessor", and QUICKSILVER RESOURCES INC., 801 Cherry Street, Suite 3700, Ft. Worth, Texas 76102 hereinafter called "Lessee." WITNESSETH: That Lessor, for a valuable consideration and in consideration of the covenants of the Lessee set forth in that certain Oil, Gas and Mineral Lease made and entered into this day by and between the parties hereto covering the land hereinafter described, does hereby lease unto Lessee for the sole and only purpose of exploring for and producing and marketing oil and gas, including casinghead gas and other gaseous substances from, all that certain land situated in the County of Tarrant, State of Texas, and more particularly described on Exhibit A. The term of said Oil, Gas and Mineral Lease is for two (2) years from the date thereof and so long thereafter as oil or gas is being produced in paying quantities from the lease premises, or land pooled therewith, or so long thereafter as drilling, deepening or reworking operations for the production of oil and gas are being conducted thereon, as therein provided. Reference is hereby made to executed copies of said Oil, Gas and Mineral Lease in possession of Lessor and Lessee respectively, for all of the provisions thereof, and by this reference same are incorporated herein and made a part hereof in all respects as though fully set forth herein. IN WITNESS WHEREOF, the parties hereto have caused the Memorandum of Oil and Gas Lease to be executed effective as of the day and year first herein written. LESSOR: CITY OF FORT WORTH By: Assistant City Manager ST: /kV City Secretary 0 0° 4 o oA \ t� •� Q 8010 Peg 0 O �"" evs,c.O.V.iitc% AnoSic11:040 ?14 o lop (pe °o V o p tirstv 1lAx"0."a4 APPROVED AS TO FORM AND LEGALITY: By: (IA A100 Assistant City)Attorney 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 oW day of [SEAL attil.f.tfirNotary Public in and for the State of Texas My Commission Expires: 7---7/) —43 Print Name of Notary Public Here - n• ' 111)4I `,,‘ da• nik, • rt 2012. EVON,A DANIELS MYOOMM/SS/ON EXPIRES July to, 2013 LESSEE: Quicksilver Resources Inc. By: Title: Vt Of LA--1,1) THE STATE OF TEXAS COUNTY OF TARRANT RE . ME, the, undersigned, a Notary Public, on this day personally appeared 5 (0 ,i o (title), known to me to be the person whose name is subscribed to oing instrument and, that (s)he has executed the same for the purposes and consideration therein expressed. GIVE ER M' IAND low 4111• My Commission Expires: S SEAL OF OFFICE this g ay of ¶T'J2/euil heii'2012. in and for the State of Texas 3 . I 3. ZeaPrint Name of Notary Public Here ratitaaspidwiremsaa MIMI ELAINE KEENOM My Commission Expires March 13, 2013 ur• � F� r rforll� EXHIBIT A 0.104 acres, more or less located in the A. M. Gawltney Survey, A-500, Denton County Texas, being the same tract of land described m that certain Deed dated March 24, 1997, from H2M Water Systems, Inc. to the City of Fort Worth, Texas, recorded as Document No. 97-R0018835, Official Records, Denton County, Texas. (TEXAS MOTOR SPEEDWAY - 0.104) Qe41,4,10 11) l<I► 12- IJ. t;6t�ic1�� �hG ©i LIE Loaf B2o% rcir-p V1,' i-{-li , Tx 740137 M&C Review Page 1 of 2 Official site of the City of Fort Worth, Texas FORT WO RTI I COUNCIL ACTION: Approved As Amended on 11/17/2009 - Amendment is Highlighted in Yellow DATE: 11/17/2009 REFERENCE NO.: L-14889 CODE: L TYPE" HEARING: S UBJECT: Authorize Administrative Approval and Execution of Leases for Natural Gas Drilling Under City -Owned Properties of Five Acres or Less in Size LOG NAME: NON -CONSENT PUBLIC 06ADMIN LEASES NO 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 Tess 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; N o surface use of any kind; N o 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 N o 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 park properties under five acres if opposition to conversion is expressed by citizens in the affected neighborhood or a Council Member requests such consideration. FISCAL INFORMATION/CERTIFICATION: http://apps.cfwnet.org/council_packet/mc review.asp?ID=12668&councildate=11/17/2009 10/16/2012 M&C Review Page 2 of 2 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 Citv Manaaer's Office bv: Fernando Costa (6122) Oriainatina Department Head: Susan Alanis (8180) Additional Information Contact: Jean Petr (8367) ATTACHMENTS http://apps.cfwnet org/council_packet/mc_review.asp?ID=12668&councildater-1 1 /17/2009 10/16/2012