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HomeMy WebLinkAbout921418 'I " , 000585 ASSIGNMENT OF OIL AND GAS LEASE STATE OF WYOMING COUNTY OF LINCOLN Chevron U.S.A. Inc. (hereinafter "Assignor"), a Pennsylvania corporation, with an address at P.O, Box 36366, Houston, Texas 77236, for valuable consideration received, does by these presents bargain, sell, transfer, and assign to Fairways Offshore Exploration, Inc. (hereinafter "Assignee"), with an address at 13430 Northwest Freeway, Suite 800, Houston, Texas 77040, an undivided sixty percent (60%) of Assignor's right, title, and interest in that certain Oil, Gas and Mineral Lease dated March 8, 1974 by and between Ethel K. Julian, as Lessor, and Gulf Oil Corp" as Lessee, recorded at Book 111 PR, Page 570 of the Records of Lincoln County, Wyoming, as amended ("the Lease"), to the extent and only to the extent the Lease covers Lot 8 of Section 7-TI9N-RI19W, Lincoln County, Wyoming and further limited to depths from the surface to the stratigraphic equivalent of the base of the Mission Canyon fonnation ("the Depths") as found in the Federal I-17M well located 1850 feet from the North line and 500 fee~ from the West line of Section 17, T19N, Rl19W, 6th P.M., Lincoln County, Wyoming. . This Assignment is made in accordance with and subject to the tenns, conditions, and provisions of that certain "Joint Development Agreement Tear Prospect" between Assignor and Assignee dated April 25, 2002, including without limitation Assignor's reservation of a 17.5% proportionately reduced overriding royalty interest on production processed at the Carter Creek Gas Processing Plant. This Assignment shall be effective as of July 15, 2005. RECEIVED 8/17/2006 at 10:48 AM RECEIVING # 921418 BOOK: 630 PAGE: 585 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY ----......,.---- .- .._-- ...--- Cheyro:øs.A. Inc. \ By: ,0 &dJ . O.F. Dald:.v~H II D, A. E?r-e.lih Attomey- In-Fact Fairways Offshore Exploration, Inc, By: ~. Name: W, 61 ~o/L :':':'·'N·:~':·:~·::1 t:i8ill:;:~:~~~:i:1 ~ ;m~¡;~~i f.. .." 09<:1418 ;::'¡i~:·~¡¡¡¡¡m¡1¡mmI0S86 ···'0.,;, ACKNOWLEDGEMENTS STATE OF TEXAS COUNTY OF HARRIS ¿jJ D. A. Br!.li~ The foregoing instrument was acknowledged before me by a.F. Daldvvin II, Attorney-in Fart of Chevron U.S.A. Inc., a Pennsylvania corporation, on behalf of said corporation, this /3t1, I.. 2006. \-",""," r:\.IINE /~,~<. CATHYSUED"y r~.:~Jj MY C~~~;S~ZN2:IRES '#1,~(, "r¡:f:,~~"" trume t w s acknowledged before me by W. G.~ , ~ fFaj:ays Offshore Exploration, Inc., on behalf of said ay of t..l ~, , 2006. r;;I{'~,.. 1~Fj\{: .~\ ª*~ }*¡ ..~ :110: ø~,~~.w:.~~~ GEORGE WORSHAM MY COMMISSION EXPIRES FebnJaIy 20, 2010 /