HomeMy WebLinkAbout911551RATIFICATION OF OIL AND GAS LEASE
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KNOW ALL MEN BY THESE PRESENTS:
By Oil and Gas LeaSe dated the 12th day of April, 2002 (the "Lupcho Lease"), Steve J. Lupcho, a
single man, as lessor, leased the following described lands located in Lincoln County, Wyoming to Hanson
& Strahn, Inc., as lessee, for a primary term of three years:
Township 23 North, Range 113 West, 6th P.M.
Section 14: Lot 3(31.02), SE1/4NW1/4, NE1/4SW1/4, W1/2NE1/4, less and except the
following tracts of land:
A tract of land described as follows: Beginning at a point on the
southern boundary line of the NE1/4SW1/4 from whence the southwest
corner of said Section 14 bears south 57°1, west 36.85 chains; thence
north 89o53' east, 9.95 chains; thence north 6.99 chains; thence south
52013, west, 11.45 chains to the place of beginning, containing 3.16
acres, more or less.
A parcel of land 200 feet in width situate in the SW1/4NE1/4 of said
Section 14, described as follows: Beginning at the 16/16 corner of said
Section 14; thence south 89o53, west 4.71 chains; thence north 48033,
east, 6.28 chains, thence south 4.15 chains to the point of beginning,
containing 0.85 acres, more or less.
containing 187.01 acres, more or less
A Memorandum of Oil and Gas Lease dated April 12, 2002, waS recorded on June 21, 2002, in Book
492PR, Page 507 of the records of Lincoln County, Wyoming.
The Lupcho LeaSe was assigned by Hanson & Strahn., Inc. to Cabot Oil & Gas Corporation by that
certain Assignment of Oil and Gas Lease dated June 17, 2002, recorded on September 23, 2002, in Book
499PR, Page 850.
The Lupcho Lease grants to the lessee the option to extend the term of the Lupcho Lease from
three years to eight years by making the payment specified in the Lupcho Lease by the time specified. The
undersigned hereby acknowledges timely receipt of the amount necessary to extend the primary term of the
Lupcho Lease from three years to eight years. Hanson & Strahn, Inc., on behalf of Cabot Oil & Gas
Corporation, filed an Affidavit of Lease Extension dated April 4, 2005, recorded on April 8, 2005, in Book
582, Page 717, stating that the term of the Lupcho Lease, among other leases, had been extended from three
years to eight years.
By Release of Oil and Gas Leases dated May 3, 2005,
P,,a,ge.22~9.: ~Cab~ot O~il & Oa.s Corporation released the Lupcho Leas?. ~_~t~~,~l~J~as~ by
tzanot u,, a~ oaS Corporation was unintentional and inadvertent, a~d th'~e~~~"~ Le~ases
was subsequently rescinded by that certain Rescission of Re eas4of Oi an ' ~e~ied Jul~14,
2005, recorded on July 27, 2005, in Book 592, Page 414.
execution and recording of the release of the Lupcho Lease was unintentional and inadvertent.
Now, therefore, for valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the undersigned does hereby ratify, adopt and confirm the Lupcho Lease insofar as it covers
the lands described above; does hereby lease, demise and let the lands covered by the Lupcho Lease
described above to Cabot Oil & Gas Corporation, and its successors and assigns, subject to and under all of
the terms and provisions of the Lupcho Lease, as extended: declares that the lease is in full force and effect;
and declares that the primary term of the Lupcho Lease has been extended from three years to eight years.
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STATE OF~~ ~ ~~L~ )
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day of August, 2005, personally appeared Steve J. Lupcho, to me known to be the identical person,
described in ~d who executed the Within and forego~g ~s~ument ofwrit~g ~d acknowledged to me that
he duly executed ~e sine as his free and volunta~ act and deed for the uses and PUrposes t~set fo~h.
~ WI~ESS ~OF, I have hereun~set my h~d af~~~~ ~
year last above wri~en.