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Home My WebLink AboutContract 44494M�::�iii►:��iM_ n�. f:'��—_---- - - -v:. � MEMORANDUM OF OIL AND GAS LEASE STATE OF TEXAS COUNTY OF TARRANT § § KNOW ALL MEN BY THESE PRESENTS: § i BE IT REMEMBERED that on the day of , 2013, a Paid Up Oil and Gas Lease was made and entered into y and between the ITY OF FORT WORTH, a home rule municipal corporation of the State of Texas, 1000 Throckmorton Street, Fort Worth, Te�as 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. Executed this the / i�day of , 2013. LES SOR: CITY OF FORT WORTH � �i�-� By: Fernando Costa Title: Assistant City Manager APPROVED AS TO FORM AND LEGALITY: By: Cit�'Attorney �E��IV�n MAY u i 2ili� � � i .�+ �� l�� RECEIVED MAY 3 0 2D13 ACKNOWLEDGEMENT THE STATE OF TEXAS COUNTY OF TARRANT § § § BEFORE ME, the undersigned, a Notaiy Public, on this day personally appeared Fernando Costa, Assistant City Manager of the City of Fort Worth, a home-rule municipal cotporation of the State of Texas, lcnown to me to be the person whose name is subscribed to the foregoing instiument and, that he has eaecuted the same for the purposes and consideration therein expressed. GIVEN UNDER MY HAND AND SEAL OF OFFICE this� day of 2013. otaiy Public in and for the ate of Teaas My Commission Eapires: �%— /O �� Print Name of Notaiy Public LESSEE: XTO ENERGY INC. ��' By: �"�-� � � � Its: Sr. Vice President — Land Admivistration , THE STATE OF TEXAS COUNTY OF TARRANT BEFORE `�� . �1 � � i f�l� ACKNOWLEDGEMENT § § § �VONIA l)ANIELS IdY COMM�ISSION EXPIRES ,luly 10, 2013 ME, tne undeisi ed, a Notaty Public, on this day personally appeared `� r'��, c`�; ,� , on behalf of XTO Energy, Inc., known to me to be the person whose name is subscribed to the foregoing instrument and, that he has eaecuted the same for the purposes and consideration therein expressed. GNEN LTNDER MY HAND AND SEAL OF OFFICE this I� ' day of �� 6 , 2013. - �SE j , � , �;��.�� -r Notary Public in and far the State of My Commission Expires: � _7 � �� Print Name of Notaiy Public Here *. a"�� F � - � . :.� , -� �.. �r.t� .� ,� 1: 0.0422 ACRES OF LAND, BEING LOT ELEVEN (11) IN BLOCK FIFTY SEVEN (57) OF FOSTEPCO HEIGHTS ADDITION TO THE CITY OF FORT WORTH, TA,RRANT COUNTY, TEXAS, ACCORDING TO THE PLAT RECORDED IN BOOK 204-A, PAGE 126, DEED RECORD5, TARRANT COUNTY. (LONG AVE ROW I� (SLAUGHTER HEIGHTS UNIT) Electronicallv Recorded Official Pubiic Records ��i�� _�:,:.- Mary Louise Garcia D213123692 MEMORANDUM OF OIL AND GAS LEASE STAT� OF TE�AS COUNTY OI' TARRA.NT § § KNOW ALL MEN BY TI�ESE PRESEN�'S: § Tarrant County Texas 5l1512013 3:46 PM PGS 3 $24.00 Submitter: SIMPI.IFILE B]E TT REMEMBER�D that on the �%1� day of , 2013, a Paid Up Oil and Gas Lease was made and entered into by and between the C Y OF �'ORT WORTH, a home rule municipal corporation of the Staie of Texas, 1000 Throcicmorton 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 ma.rketing oil and gas, togeiher -with any liquid or gaseous substances produced in association therewith, from the following described land situated in Tarrant County, Texas, to- wit: SEE �XHIBIT "A" ATTACHED H�RETO AND MADE A PART HEREOF' Subject to the other provisions therein contained, said lease provides for a primary term of two (2) years, fi•otn the date thereof, and as long thereafter as oil or �as or other substances covered tlaerein are produced in paying quantities fiom the leased premises or from lands pooled thei•ewith, or this lease is otherwise maintained in effect pursuant to the provisions therein. Executed this the��day of LES S OR: An Executed copy of said Oil and Gas Lease is in the possessibn of LESSEE at its address indicated above. CITY OF FORT WORTH � �� , : .. • • , ,•- APPROVED AS TO FORM AND LEGALITY: By: ��1 �-� � '� ,� Assistant City ttorney ��C�IV�� MAY 3 0 2013 (� �� c'`4 s�� t�� M&C Review � � � � � �y �. Page 1 of 2 t)fficiai site oP the i:ity c3f t=ort 4iJorti7, Texas �� COUNCIL ACTION: Approved As Amended on 11/17/2009 - Amendment is Highlighted in Yellow DATE CODE: 11 /17/2009 L : : ► _ � � _ �::• TYPE: ►�► •► ► LOG NAME: PUBLIC HEARING: 06ADM I N LEASES f�L�7 SUBJECT: Authorize Administrative Approval and Execution of Leases for Natural Gas Drilling Under City-Owned Properties of Five Acres or Less in Size �>� r��-��.� �� :��:�� - ��., .�- - - ^ ��- _ � �--N - 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 �eeFi��ar�� 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�acket/mc review.asp?ID=12668&councildate=ll/17/2009 5/31/2013 M&C Review 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 Manaqer's Office b� Originating Department Head: Additional Information Contact: ATTACHMENTS Fernando Costa (6122) Susan Alanis (8180) Jean Petr (8367) http://apps.cfwnet.org/council�acket/mc review.asp?ID=12668&councildate=ll/17/2009 Page 2 of 2 5/31 /2013