HomeMy WebLinkAbout876070 ASSTGNMENI' OF OVERRZDZNG ROYALTY ZNTERE.~TS~
]rn consideration of the sum of Tcr:'l Dollars ($10.00) and other good and valuable consideration,
PETRAL EXPLORATION LLC, a Wyoming Limited Liability Company, at P. O. Box 5083, ·Denver,
Colorado 80217:5083, hereinaftei;: called "Assignor", does hereby assign, transfer and convey
the overriding royalty interests as'set forth below unto:
· ff the total Tf the total
lease burden is lease burden is
18% ORR is:
ROSE EXPLORAT:[ON ASSOCfATE::~, LLC., 1.40625% of 8/8ths 2.8125% of 8/8ths
A Colorado Limited Liability Comp.any
518 -- 17th Street, Suite ~-
Denver, CO 80202
PETROTA LLC
.1875% of 8/8ths .3750% of 8/8ths
P. O. Box 477
Williston, ND 58802
TOTAL ' 1.59375% of 8/8ths 3.1875% of 8/8ths
**Total lease burden depend on t::~efore and after payout options of the Ballerina ¢20-3 well
located in NE/4-3-T2:tN-R113W.
hereinafter called "Assignee" in a;,':d to all Oil, Gas and other minerals produced, saved a~nd sold,
if, as and when Produced, saved .~¢nd sold, but not otherwise, from the lands set out and
covered by the Oil and Gas Leasco; described as follows, and any extensions or renewals
thereof, hereinafter called the %6 ase".
Lessor: ~= Union Pacific Land Resources Corporation
Lessee: ~i Texaco Exploration & Production :[nc.
Date: ¢; July 14, 1998
Recording' Book 416, Page :t35
Description`· Township 2::[ North, Range. 113 West, 6th PM
=~ Section 3:E/2
Lincoln County, Wyoming
Said Overriding Royalty ;Interests ;~;hall.also be assigned, transferred and conveyed as to the
interests earned by and be subject to all the terms and provisions of that certain .Farmout
Option Agreement dated July 16, :t997, and Farmout Agreement dated November :t7, 1997, by
and between Union pacific Land F:;:esources Corporation and Petral Exploration LLC, hereinafter
called the "Farmout fnterests".
Said Overriding Royalty ~[nterests ~;hall,be free and clear of all development, production,
marketing and operating exPense::;; however, said interests shall bear and pay currently its
portion of gross production taxes; pipeline taxes, and all other taxes assessed against the gross
production subject to said Overric lng Royalty :Interest. :[t is agreed that nothing herein
contained shall impose upon the ~:,ssignor, its heirs successors, or assigns, any duty or
obligation to develop or operate t:~e properties covered by the described "Leases" in effect by
the payment of delay rentals, shu',:-in royalty payments or other similar payments.
]~t is u~derstood and agreed that :.ne Assignor shall have the right to pool the "Leases" and the
lands covered thereby, or any par': thereof, with other lands and leases into voluntary units, or
into units as established by any g:~vernmental authority having jurisdiction, and if said "Leases"
or any part thereof are pooled ao:;ordingly, then the Overriding Royalty ]:nterest herein
conveyed shall be reduced in the proportion that the acreage burdened by said Overriding
Royalty ~[nterest bears to all acre~ ;]e included in any such pooled unit.
Tf the "Leases" and "Farmout Intii: rests"-described herein cover a lesser interest in the oil, gas
and associated hydrocarbon sub.,~:ances than the entire undivided fee simple estate and/or
mineral estate therein, the Overri'ding Royalty interests assigned herein under such "Leases"
and "Farmout interests" as to thel lands described shall be reduced proportionately and shall be
payable only in the proportion wl'?!ch the interests in the oil, gas and associated hydrocarbon
substances covered by said .Lea ~. and "Farmout interests" as to the lands described bears to
the entire and Undivided fee simp!e estate, in addition, if the interest owned by Petrota LLC in
the "Leases" and ~'Farmout Tnterl~:sts" described herein is less than the full and entire interest in
said "Leases" and "Farmout Inter::~!sts'', the Overriding Royalty interest conveyed to Petral
Exploration LLC herein is also 'red:uced proportionately and is Payable only in the proportion
which the interest owned by Pet~',)ta LLC in said "Leases" and "Farmout interests" as to the
lands described bears to the full .~:~'nd entire interest in said "Leases" and "Farmout interests" as
to the lands described.'
This Assignment is made sUbject to those certain Agreements': Contractor Agreement, effective
November 1, 1993, as amended, :by and between Petral Exploration, LLC, and Rose Exploration
Associates, LLC and The l~ndeper,,Jent Contractor Agreement, effective February 9, 1994, by and .
between Petrota,.LLC and Petral.':?.xploration, LLC.
This Assignment of Overriding Ri:".;.)a ty interests is made without warranty of title, either
express or implied.
This Assignment shall be binding ilUpon and inure to the benefit of the respect parties hereto,
their heirs, successors, represent:iftives and assigns.
This Assignment of Overriding Rci?alty interests replaces that certain unrecorded and ur~filed
previous Assignment of Overridin:!it Royalty dated December 1st, 1999, has been misplac, ed and
assignment should not be constrFed to be additional interest and is not meant to be an
additional conveyance of interesti:~:
iN WITNESS WHE, REOF, the saj~ !' ETRAL EXPLORA'I-[ON LLC, as Assignor, executed this
instrument this ~:~'g/~ day of __~.,:z',~z/z~Z~/~' , 2001, but effective date of first production
PETRAL EXPLORATION LLC,~
Captiv~ I~e~ources, Znc,, Manager
Anthbfly R. Mayer
ACKNOWLED~EI~IENT
STATE OF COLORADO ) .
)s.
COUNTY OF DENVER ~ ) ,:
On this Z~ day of '2001, before me personally appeared Anthony R. Mayer, to
me personally known, who~,/beinciby me duly sworn, did say that he is the President of Captiva
Resources, Inc., as Manager of I~'?!~tral Exploration LLC, and that the seal affixed to said
instrument was signed and seale:ili on behalf of Captiva Resources, Inc., Manager of Petral
Exploration LLC and said Anthon~,ilR~ Mayer acknowledged said instrument to be the free act
and deed of said corporation.
WITNESS my hand and seal this. day of .~, 2001.
My commission expires:
S.L. Pacheco - Notary Public
P. O. Box 5083
Denver, CO 80217-5083