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HomeMy WebLinkAboutContract 60369CSC No. 60369 MEMORANDUM OF OIL AND GAS LEASE STATE OF TEXAS § § KNOW ALL MEN BY THESE PRESENTS: COUNTY OF TARRANT § BE IT REMEMBERED that on the 2nd day of September , 2023, 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, 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 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 day of _AimlW , 2023. LESSOR: CITY OF FORT WORTH TJaw� o 8r w Dana Burghda (Sep ,202366400n Dana Burghdoff Assistant City Manager APPROVED AS TO FORM AND LEGALITY: 9-.A. a ,0— Assistant City Attorney FORru°aa 4°09S0 �o Pv8 g°=d ATTEST: daaa n�Ag o Jannette S. Goodall City Secretary M&C L-14889 Form 1295 n/a NTormandale St & Portales Dr OFFICIAL RECORD f' CITY SECRETARY FT. WORTH, TX 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 me 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 2nd day of _September 2023. r 3� Notary Public in and for the State of Texas OO pS�Y r'(,�/ SELENA ALA r Notary Public Selena A la Print Name of Notary Public Here . * STATE OF TEXAS �� ` Notary I.D. 132422528 ' My Comm. Exp. Mar. 31, 2024 LESSEE: TOTALENERGIES E&P USA BARNETT 1, LLC Brett Austin Vice President - Land THE STATE OF TEXAS COUNTY OF TARRANT 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. GIVEN UNDER MY HAND AND SEAL OF OFFICE this •-Y' . day of _�C 2023. otary Public in and for the State of Texas A`t' tic.; JEFFREYSCOTTANDERSON I My Notary ID # 128832307 Print Name of Notary Public Here ¢w {�'' EXPIres December 20, 2023 2 Nonnandale St &Portale OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX EXHIBIT A 1.1263 acres, more or less, better described in Me following two (2) tracts: 0.3303 acres of land, more or less, being a portion of Lot 1 and Lot 2, Block 67, Western Hills, Section Five, an addition to the City of Fort Worth, Tarrant County, Texas, according to the Plat recorded in Volume 388-12, Page 86, Plat Records, Tarrant County, Texas, and being more particularly described by metes and bounds in that Deed, dated March 21, 1966, by and between Western Hills Development Corporation, as Grantor, to the City of Fort Worth, as Grantee, and recorded in Volume 6677, Page 726, Deed Records, Tarrant County, Texas. (PORTION OF NORMANDALE ST, TRACT SOB) (STERLING WAVERLY VW MIPA 2H) 0.7960 acres of land, more or less, out of the H. Covington Survey, A-256, being all of Lot 2R, Block 89, Western Hills, Section Seven, an addition to the City of Fort Worth, Tarrant County, Texas, according to the Plat recorded in Volume 388-126, Page 83, Plat Records, Tarrant County, Texas. (3201 PORTALES DR, TRACT 242) (STERLING WAVERLY VW MIPA 311) Normandate St & Portales Dr CITY COUNCIL AGENDA Official site of the City of Fort worth, Texas FORT I ORTI l 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: 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 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)