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HomeMy WebLinkAbout90999800 40 O IJJ W r~ W W III O O O RATIFICATION OF OIL AND GAS LEASE WHEREAS, by Warranty Deed dated April 26, 2005 and recorded in Bk 583, Pg 755, WILL J. HUNT and SARA E. HUNT acquired an interest in the following lands from V CROSS CATTLE COMPANY, to-wit. A parcel of land located in Tract 51, Section 4, T24N-R114W of the 6th P.M., Lincoln County, Wyoming, more particularly described as follows: Beginning at the southeasterly comer of said parcel, an aluminum cap monument hereinafter abbreviated "ACM" lying N 33 degrees 03'53" W, from comer number 2, Tract 51, Section 4, said comer 2, being a GLO brass cap monument per the approved resurvey plat; Then N 73 degrees i0' 46" W, 230 fl along the southwesterly boundary of said parcel, to an ACM for the southwesterly comer of said parcel; Thence N 16 degrees 49' 14" E, 189.39 fl to an ACM for the northwesterly comer of said parcel; Thence S 73 degrees 10' 46" W, 230 ft to an ACM for the northeasterly corner of said parcel; Thence S 16 degrees 49' 14" W, 189.39 ft to the point of beginning. Containing 1/10 of one acre, more or less. WHEREAS, that certain Oil and Gas Lease dated June 15, 2005 between V CROSS CATTLE COMPANY, as Lessor, and DAVIS PETROLEUM CORP., as Lessee, recorded in Book ~'~/0 , pg 12..3 of the records of Lincoln County, Wyoming, includes the above described lands, among other lands, and such lease is owned by DAVIS PETROLEUM CORP. and covers the following described lands, to-wit: Township 24 North, Range 114 West, 6th PM Sections 4 and 5: Tract 51 (154.94 acres), Tract 52 (40 acres), Tract 56 (40 acres) and the most easterly 40 acre division of Tract 53 (40 acres) Township 25 North, Range 114 West, 6th PM Sections 35 and 36: Township 24 North, Range 114 West, 6th PM Section 4: Tract 37 (Containing 160 acres) Containing 435 acres, more or less NOW THEREFORE: in consideration of the sum of One Dollar ($1.00) and other good and valuable consideration, we, WILL J. HUNT AND SARA E. HUNT, husband and wife, as Joint Tenants, and each of us, do hereby ratify, approve, confirm, and adopt the above described oil and gas lease in so far as it covers the lands recited in Warranty Deed recorded in Bk 583, Pg 755, and do hereby lease, demise and let said lands unto DAVIS PETROLEUM CORP. subject to and under all of the terms and provisions of said lease, and as to said lands, and do hereby agree and declare that said lease is now in full force and effect; that payment has been duly made of the entire bonus consideration and each of the undersigned agree that any royalty which may be paid under the terms of said lease with respect to the subject lands described in Warranty Deed recorded in Bk 583, Pg 755 shall be divided as follows: CREDIT TO ADDRESS ROYALTY V CROSS CATTLE COMPANY WILL J. HUNT and SA~,~A E. HUNT 11718 Fontenelle Creek Rd. Kemmerer, Wy 83101 P.O. Box 488 Diamondville, Wy 83116 100% 0% , 0024 This instrument shall be fully binding upon, and effective as to the interest of each of the above named persons who executes the same, without regard to execution or lack of execution by the others or by any other person whomsoever. We, and each of us hereby release and waive all rights of dower and homestead in the above identified land, and the provisions hereof shall be binding upon the heirs, legal representatives, successors, and assigns of each of us. WITNESS our hands and seals this '7 day of July, 2005. WILL J. HUNT State of Wyoming ) )ss County of ) On the ~;x~ day of July, 2005, personally appeared WILL J. HUNT and SARA E. HUNT, husband and wife and as Joint Tenants, the signers of the foregoing instrument, who, duly acknowledged to me that they executed the same. My commission expires: 2