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000587
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, the following interests in that certain Oil, Gas and
Mineral Lease dated March 12, 1974 by and between Uinta Land & Grazing Co., as
Lessor, and Gulf Oil Corp., as Lessee, recorded at Book 112 PR, Page 167 ofthe Records
of Lincoln County, Wyoming, as amended ("the Lease"), to the extent and only to the
extent the Lease covers lands in E/2 SE/4 of Section 7, N/2 N/2 and SW/4 of Section 17,
and N/2 NE/4 of Section 18, all in T19N-119W, Lincoln County, Wyoming and further
limited to depths ftom the surface to the stratigraphic equivalent ofthe base ofthe
Mission Canyon fonnation ("the Depths") as found in the Federal I-17M welllocat~d
1850 feet ftom the North line and 500 feet ftom the West line of Section 17, T19N,'
Rl19W, 6th P.M., Lincoln County, Wyoming ("the Well"):
1. an undivided sixty percent (60%) of Assignor's right, title, and interest in the Lease as
to the Depths, less and except the wellbore ofthe Well;
2. an undivided seventy-five percent (75%) of Assignor's right, title, and interest in the
Well (including the right to produce oil and gas therefrom) as to the Depths before
payout, and an undivided sixty-five percent (65%) of Assignor's right, title, and interest
in the Well (including the right to produce oil and gas therefrom) after payout.
This Assignment is made in accordance with and subject to the tenns, conditions, and
provisions ofthat 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 # 921419
BOOK: 630 PAGE: 587
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
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CheYr0j:J'A. Inc, ,
By: "a~
D.F. D4ldw¡u II D. A. Brel,h
Attomey- In-Fact
By:
Name:
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09~14·19
000588
ACKNOWLEDGEMENTS
STATE OF TEXAS
COUNTY OF HARRIS
D. A. B~liH t6
The foregoing instrument was acknowledged before me byÐ.P, :Balà-'J'iR II..:Attomey-in
Fact of Chevron U.S.A. Inc" a Pennsylvania corporation, on behalf of said corporation,
this li!'elay of ~~ ~_ , 2006,
..",'I'J'~"",
l~<f,\·,¡.o,*". CATHY SUE DEVINE
:*l:A2\.. MY COMMISSION EXPIRES
\~·~M !""ust 11, 2006
....~:t.fl:~ nuw
STATE OF TEXAS
,
.
COUNTY OF HARRIS
The for going 'nstruJ11eJ1! was acknowledged before me by W~r;.I bk 1+ ,
Vp- w.H ofJ;airways Offshore Exploration, Inc., on behalf of said
corporati n, this'2JStãay of .Jc...t~_, 2006.
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· otàry Public
~Øi'~'Y~
*i~r\
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'"i:t~
GEORGE WORSHAM
MY COMMISSION EXPIRES
FebruaJ)' 20, 2010
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