HomeMy WebLinkAbout916428
and Etf,ctiv,':"" January ~' ~ '.) : ;, r"'
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STATE OF WYOMING
OIL AND GAS LEASE
Lease # 06-00214
Parcel # 199
Fund Code: CS
ton680
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Form Approved by the Board
This indenture of lease entered into by and between the State of Wyoming, acting by and
through its Board of Land Commissioners as LESSOR, and the following as LESSEE:
Dolar Energy, L.LÇ.
'"'. .
Section 1. PURPOSE. The LESSOR, in consideration of the rents and royalties to be
paid and the covenants and 'agreements -to be kept and performed by the LESSEE, does hereby
grant and lease tO,the LESSEE, ~he exclusive right to drill for, mine, extract, remove, and
dispo~e of all the oil, gas and associ~ted hydrocarbon substances and gaseous substances and
elements produced therewith, incl~ding sulphur, hydrogen sulfide, sulphur dioxide, nitrogen,
carbon dioxide and helium, which may be produced from the following described land, to wit:
lei
Lot 38 (formerly All Sec 36)
Re-survey Township: 24 North Range 116 West of the 6th P.M.
3~
County: Lincoln
Acres: 634.66
$635.00
($1.00 per acre or fraction thereof)
Together wïth the right ~f -ingies~aricí-égressand thè right to' usesò'<ffiüch'-of the'
surface of said lands as is necessary to construct and maintain thereupon all works,
building, plants, waterways, roads, communication lines, pipe lines, reservoirs, tanks,
pumping stations, or other facilities necessary to the proper conduct of operations there
under.
Section 2. TERM OF LEASE. This lease shall become effective on the day and year set
out below and shall remain in effect for a primary term of five (5) years and for so long
thereafter as leased substances may be produced from the lands in paying quantities. This
lease ~ay also bee~tended beyond its primary term in the absen~e of production of leased
substances as may be provided bythestàtutes of the State of Wyoming and the regulations of
the Boardof Land Commissioners a.dopted pursuant thereto. Provided, however, if drilling,
cOIIJpletion, testi'ngor'reworking 'operations are being diligently conducted, either during the
primary termor dbring a:ríy:~}{tèm,;iohthereof, thislease shall continue in full': force and
effect so long as such operations are being conducted and so lon~·thereafter.àsoilor gas
may be prodúced in paying quantities. This lease maybe relinquished or terminated at an
earlier date as herein provided. .
Section 3. If the LESSOR owns an interest in oil and gas in said land less than the
entire fee simple estate, then the royalties and rentals to be paid LESSOR shall be reduced
proportionately.
Section 4. LESSEE expressly represents that, if an individual, LESSEE is a citizen of
the United States, or has declared an intention to become a citizen, and is over 19 years of
age-and if a corporation, is duly qualified to transact business in Wyoming.
Section 5. This lease is issued under the authority conferred by Title 36, W.S. 1977 as
to the State and School Lands, and Title II, W.S. 19J7 as to Farm Loan lands, and shall be
subject to, and operations by LESSEE hereunder sha'll be conducted in compliance with the
specific lease termS set out on the reverse of this lease,' and with all applicable state
statutory requiremehts and ther~9lÌlations issued th.àeundei, including those providing for:
the 'leasingof,stéì:tre or Farm.Loän Lands for oil and gas; the éonservation of oil and gas; and
the regulation oJ 'Becuri ty tran'saCt~ons. . " .> ". ,;
, Section 6. HEIRS AND SUCCESSORS IN INTEREST. It is êovenanted and' agreed that each
obligation hereunder shall extend to and be binding upon, and every benefit thereof shall
inure to the heirs, executors, administrators, successors of, or assigns of the respective
parties hereto.
Section 7. SOVEREIGN IMMUNITY. The State of Wyoming and the lessor do not waive
sovereign immunity by entering into this lease, and specifically retain immunity and all
defenses available to them as sovereigns pursuant to Wyoming Statute 1-39-104 (a) and all
other state laws.
IN WITNESS WHEREOF, this lease has been executed by LESSOR and LESSEE to become effective
on the 2nd day of, February, 2006 A.D.
LESSOR, STATE OF WYOMING, Actin
and through its Board of Land
Oolar Energy, L.L.C.
Mark S. Oolar
Managing Member
By:
Address: ;935 E. South Union Av~. Ste. 0-202
City: Midv.a1f ~'~~"t~':~"UT ZiP: 840'47-2393
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RECEIVED 3/6/2006 at 11 :05 AM
RECEIVING # 916428
BOOK: 613 PAGE: 680
JEANNE WAGNER
~!NC?L~ ~O~N:V CLERK, KEMMERER WY
~~ili¡~~ """- - - . ..n;07;S~¡¡¡;~!i¡~ '
Phone .
(801) 561-3121
~¡¡ï,:~.;.i:'~1}
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091.6428
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CORPORATE NOTARY
STATE OF
UTAH
)
) ss.
)
COUNTY OF SALT LAKE
BEFORE ME, the undersigned authority, on this day personally appeared Mark S. Dolar
known to me to be the person whose name is subscribed to the foregoing instrument as the Managing
Member of Dolar Energv. L.L.c. , and acknowledged to me that he executed the same
for the purposes and consideration therein expressed, in the capacity stated, and as the act and deed of
said corporation.
Ol-O~--ofl
Notary Public
KATHLEEN M VAN WART
8174 South 2660 East
Sandy, UT 84093
My Commission Expires
January 5, 2008
Stille of Utah
GIVEN UNDER MY HAND AND SEAL OF OFFlCE THIS ~ ":!- day of 7~ .2006.
My commission expires: