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HomeMy WebLinkAboutContract 59167CSC No. 59167 MEMORANDUM OF OIL AND GAS LEASE STATE OF TEXAS KNOW ALL MEN BY THESE PRESENTS: COUNTY OF TARRANT BE IT REMEMBERED that on the 22nd day of March , 2023, a Paid Up Oil and Gas Lease was made and entered into by and between the CITY OF FORT WORTH, a hoarse rule municipal corporation of the State of Texas, 200 Texas Street, Fort Worth, Texas 76102, hereinafter called "(LESSOR)" and TOTALENERGIES E&P USA BARNETT 1, LLC, a Delaware limited liability company, 301 Commerce Street, Suite 3700, 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 Tat -rant 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 fi-om the leased premises or fi•om 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 thisEftdday of March , 2023. LESSOR: CITY OF FORT WORTH i%%axe 8ueafi�LG oar�e��b4l A' :.1.11 Dana Burgbdoff Assistant City Manager M&C L-14889 Form 1295 iVa vngn FORr�i ac p 0°°pO Gp�O° O'pad duo .Id ATTEST: A �$ c °aa��xos4a Jannette S. Goodall City Secretary APPROVED AS TO FORM AND LEGALITY: w Assistant City Attorney OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX ZVTC Tr 14A THE STATE OF TEXAS COUNTY OF TARRANT BEFORE ME, the undersigned, a Notary Public, on this day personally appeared Dana Burghdoff, Assistant City Manager of the City of Fort Worth, a home -rule municipal corporation of the State of Texas, known to the to be the person whose name is subscribed to the foregoing instrument and that she has executed the same for the purposes and consideration therein expressed. GIVEN UNDER MY HAND AND SEAL OF OFFICE this 22nd [SEAL]M Sekna Ala (wr u, 2W3agu con My Commission Expires: Selena Ala Notary Public in and for the State of Texas day of March Name of Notary Public Here LESSEE: TOTALENERGIES E&P USA BARNETT 1, LLC Brett Austin Vice President - Land THE STATE OF TEXAS COUNTY OF TARRANT 2023. ��err e SELENA ALA 0 4� Notary Public * + STATE OF TEXAS °jFor�� Notary I.D. 132422528 My Comm. Exp. Mar. 31, 2024 BEFORE ME, the undersigned, a Notary Public, on this day personally appeared Brett Austin, Vice President - Land of TotalEnergies E&P USA Barnett 1, LLC, a Delaware limited liability company, on behalf of said 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. EAL OF OFFICE this day of ("no!'C,,,i 2023. 'm�Y JEFFREYSCOTTANDERSON g My Notary 10 # 128832307 Expires Dwembe0h,2023— Notary Public in and for the State of Texas My Commission Expires: � ef�rec� Sed k} VjPfs d/\ Print Name of Notary Public Here 2 WTC Tr 14A F.X14MYT A 1.87 ACRES, more or less, described in the following hvo (2) tracts of land being Weatherford Traffic Circle Tract 14A: Being the South part of block 15, of Highland Homes Addition, to the City of Fort Worth, Tarrant County Texas according to Plat Recorded in Volume 3$$-A, Page 102, of the Plat Records of Tarrant County, Texas being more particularly described in Warranty Deed from L.H. Luck and J.D. Jones to City of Fort Worth recorded in Volume 2102, Page 214, of the Deed Records of Tarrant County Texas. Being part of block 15, of Highland Homes Addition, to the City of Fort Worth, Tarrant County Texas according to Plat Recorded in Volume 388-A, Page 102, of the Plat Records of Tarrant County, Texas being more particularly described in Warranty Deed from J.D. Jones to City of Fort Worth recorded in Volume 2114, Page 263, of the Deed Records of Tarrant County Texas. [Mulligan 2H MIPA] WTC Tr 14A CITY COUNCIL AGENDA Official site of the City of Fort Worth, Texas Fogy T y COUNCIL ACTION: Approved As Amended on 11/17/2009 - Amendment is Highlighted in Yellow Create New From This M&C DATE: 11/17/2009 REFERENCE NO.: L-14889 LOG NAME: CODE: L TYPE: NON -CONSENT PUBLIC HEARING: 06ADMIN LEASES NO 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 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: The Financial Management Services Director certifies that this action will have no material effect on City funds. TO Fund/Account/Centers Submitted for City Manager's Office by_ Originating Department Head: Additional Information Contact: ATTACHMENTS FROM Fund/Account/Centers Fernando Costa (6122) Susan Alanis (8180) Jean Petr (8367)