HomeMy WebLinkAboutContract 44832 CITY SEMETARY
CONTRACT Y17
NO, tl
MEMORANDUM F OIL AND GAS LEASE
STATE F TEXAS
§ KNOW ALL MEN BY THESE PRESENTS.
COUNTY OF TARRANT
BE IT REMEMBERED that on the tk day of � 2013, a Paid Up, Oil
and Gas Lease was made and entered into by and bet wen he CITY OF FORT WORTH, a
home r munici
rule pal corporation of the State of Texas, 1000 Throckmorton Street, Fart
Worth Texas 76102 hereinafter called "(LESSOR),";" and XT +'nerdy Inc., 1 Houston.
Street, Fort Worth,, Teas, 76102, hereinafter called ("LESSEE"), where LESSOR hereby grants,,
leases and lets excl usively 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 "ARTT'HEREOF
Subject to the other 'provisions therein contained, said lease provides for a primary term
of two years, from the date thereof, and as long thereafter as oil or gas or ether 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 th a `o _ � 13
. ...........
LESSOR
CITY OF FORT WORTH ATTEST-.
'
. Fernando !fiesta 414 See t
Title. Assistant City Manager
PROVED AS TO OR AND LEGALITY.-
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By:
Assistant Cit home
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OFFICIAL MOO
Gilry SECRIGRITrARY
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RECEIVED E°
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ACKNOWLEDGEMEN'I
THE STATE F TEXAS
C'OLJNTY OF TARRANT' §
F ORE E 1 e undersigned,,a ovary Public, on this day personally appeared Fernando Costa,
Assistant C,ity Manager of the City of Fort, Worth, a, home- u1e municipal corporation of the State of
Texas, known to me to be the person whose name is subscribed o the foregoing instrument and, that lie
has executed the same for the purposes and consideration therein expressed
GIVE N UNDER MY HAND AND SEAL OF OFFICE this day of 2013.
[SEAL "
_....
Notary Public in and for the , ���������� �� «<
St of"I"axes I Expires
,P wuw
uj ,
My Commission Expires
"""" �.. P Name of rotary Public Here
LESSEE
XTO ENERGY . C.
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K O L AGE .E JI
THE STATE OF TEXAS
COUNTY OF TARRAN"T" §
BEFORE E the undersigned, Notary Public o this day personally appeared
Edwin S. Jr.�w o behalf o TO Energy, Inc., known to me to be
the person whose name is subtscribed to the� � ,�
m _w.
foregoing instrument and, that he has executed the same for
the Pumoses,and con sidera on'therein expressed.
GIVEN h
R 13.
[SEAL
Notary Public in and for the
IT
State of vAbPo",
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My Commission Egres
4 Print Name of Notary Plublic ears
EXHIBIT A
0. 80 acres, more or less, located in the William Edwards Survey, A-471, Tarrant County,
Texas, and being a portion of Lots 15, 16 and 1,7, Block 2, Scenery H,ill Addition, according to
t,he Plat recorded at Volume 800, Page 59 of the Plat Records of Tarrant County, Texas, and
being more particularly, described in that certain Quit Claim Deed dated January 20, 1927', from
W. B. Martel and wife) Eva M. Martel,, to The City of Fort Worth, as recorded, at Volume 969,,
Page 317,1 Official Public Records Tarrant County, Texas.
(OAKLAND BLVD ROW)
M&C Review Page lof2
exas
Off idal ite of the c'ity of ""w woi#i,, T
,µms WORTH,
CITY COUNCIL AGENIDA
COUNCIL ACTION,-, Approved As Amended on 11/17/2009 - Amendment Is H*Igh1igh,ted In Yellow
LEASE DATE: 11/17/2009 REFERENCE NO.: L-14889 LOG NAME.- 1 S
CODE: L TYPE: NON-CONSEN,T PUBLIC NO
HEARIiN'G.10
SUBJECT: Authorize Administrative Approval and Execution of Leases for Natural Gas Drilling, Under
City-Owneld Properties of Five Acres, or Less, in Size
RECOMMENDATION0.1
It is recommended that the City Council authorize the City Manager to, approve and execute leases
for n�atu�ral gas, drilling under City-owned properties that are,five, acres or less in size.
DISCUSSION.-
On January 18, 2007, (M&C G-15 588) 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 iinvolving the Planniing 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 ands 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 t o t he surrounding neighborhood;
Compliance with the City's gas dlrilling ordinance,-'
Minimum bonus to be determined by current market rate;
M il nimu!lm 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
1A -,izens in the
V properties under five acres if opposition to conversion is expressed by cill,
affected neighborhood or a Council Member requests such consideration.
FISCAL IN Fold MATION/CERTIFICATION,-.
http:,//apps.cfivnet.org/counci I_packet/m c—revi ew.asp?ID=I 2668&councildate=11/17/2009 5/31/2013
M Review Page 2 of 2
The Financial Managem�ent Services Director certifies that this action will have no material effect on
City funds.
TO Fand/Account/Ceintern FROM Funid/Account/Centers
Submitted, for Cif y,lManager"s Off'ice� Fernan do, Costa (61,2,2)
-0,O'ginating Deipartment Head. Susan, Alanis (8180)
Additional Informabon Contact: Jean P (8367)
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ATTACHMENTS
http://apps.cfwnet.org/council—Packet/mc—r,eview.asp'.?ID-12668&cou cildate=1 1/17/2009 5/31/2013