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HomeMy WebLinkAbout930371 .'\.1................, _. ._._-~. -- .-.-- - u__ RECEIVING # 30371 BOOK: 662 AGE: 89 JEANNE WAGNER I LINCOLN COUNTY CLfRK, KEMMERER, WY ASSIGNMENT OF OIL & GA, S LEAS¡ES STATE OF WYOMING § KNOW ALL MEIN BY THESE PRESENTS: COUNTY OF LINCOLN § This Assignment of Oil and Gas Leases is entered into effective f,-ugust 17, 2006, by and among ZENERGY, INC., 6100 S. Yale Avenue, Suite 1700, Tulsa, Oklahoma 74136 hereinafter I referred to as ("Zenergy"), Palace Exploration Company, 5 East !59th Street, 5th Floor, New York, New York 10022, Stephens Energy Company LLC, 1825 L~wrence Street, Suite 300, Denver, CO 80202 and Southwestern Energy Production Compahy, 2350 N. Sam Houston Parkway East, #300, Houston, TX 770,32' collectively hereinafter referred to as the ("Parties"). WITNESSETH: WHEREAS, Zenergy has made a prior assignment of eight and ninety-three thousand seven hundred and sixty-five one hundred thousandths percent (8.93765%) interest in the leases described in Exhibit "A", hereinafter referred to as the ("Lea~es"), attached hereto and made a part hereof; and, "I WHEREAS, Zenergy intends to assign, the remainder of i~S working interest in the Leases to the Parties, expressly reserving an overriding royalty inter¡ast onto itself equal to the difference between eighteen and seventy-five one hundredths of a p-ercent (18.75%) and the existing burdens on the Leases, thereby delivering to the Parties a net revenue interest of eighty-one and twenty-five one hundredths percent (81.25%). I NOW THEREFORE, the undersigned, ZENERGY, INC., 61 IDO S. Yale Avenue, Suite 1700, Tulsa, Oklahoma 74136, hereinafter called ("Assignor"), for ~nd in consideration of the sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt of which is hereby acknowledged, does hereby grant, bargain, sell, transfer, asþign and convey unto the Parties listed below, hereinafter referred to as ("Assignees"), t~eir legal representatives, successors and assigns, Assignor's remaining ninety-one and six thousand two hundred and thirty-five one hundred thousandths percent (91.06235%) interest, in and to the Leases in the percentages as follows: Palace Exploration Company 36'F1545% of 8/8ths Stephens Energy Company LLC 23.25% of 8/8ths Southwestern Energy Production Company 30.6969% of 8/8ths If the Leases cover less than the entire undivided mineral estate in th~ described lands and/or if Assignor owns less than all interest in and to said Leases, then the~'nterests herein assigned shall be proportionately reduced. The lease acreage hereby is assigned by the Assignor and a cepted by the Assignees subject to the royalties and/or other burdens out of or with respect to production with which said lease acreage is encumbered, and subject to the terms of the ~Amended and Restated Exploration and Development Agreement dated September 24, 2003 and any other agreement under which it may have been acquired by Assignor. The Assignees ereby assume and agree to pay their proportionate part of each of said burdens to the extent that they are a part or remain a burden on the lease acreage herein assigned and to CO~PIY with the terms of any agreements under which the lease acreage may have been acquired'J This Assignment is made without warranty of title either express or implied, except as to claims made by, through or under Assignor. I This instrument may be executed in any number of counterpa1s, each of which shall be considered an original for all recordation purposes. It shall be sufficie~t that all signature pages and acknowledgment pages be cumulated with one original documen~. IN WITNESS WHEREOF this Assignment is executed this rz..-:t day of February 2007, however, effective for all purposes as of August 17, 2006. Assignor: ZENERGY, INC. ~~ Hams Fork Prospect #1267 Lincoln Co., Wyoming Page 1 of8 0330371 000090 Assignees: PALACE EXPLORAT ON COMPANY 7~~W Title: Vice President STEPHENS ENERGY COMPANY LLC By: Title: SOUTHWESTERN ENERGY PRODUCTION COMPANY By: Title: STATE OF OKLAHOMA ) ) § COUNTY OF TULSA ) BEFORE ME, the undersigned, a Notary Public in and for said County and State, on this 2.:t~·day of February 2007, personally appeared Robert M. Zinke, to me known to be the ide tical person who subscribed the name of Zenergy, Inc. to the foregoing instrument as its President and acknowle~ged to me that he executed the same as his free and voluntary act and deed and as the free and voluntary act and deed of such Corporation, for the uses and purposes therein set forth. GIVEN under my hand and seal the day and year last above written. . JANICE ZEHREN Notary PuÞl ç s. of OIdIhoma TULSACW,1'r402. eommllllon2Q_ . ".- Notary Public STATE OF NEW YORK ) ) § COUNTY OF NEW YORK ) BEFORE ME, the undersigned, a Notary Public in and for said County and State, on this jP day of ~.J 2007, personally appeared Paul A. Howard, to me known to be the identical person who sub cribed the name of Palace Exploration Company to the foregoing instrubent as its Vice President and acknowledged to me that he executed the same as his free and voluntary act and déed and as the free and 'Voluntary act and deed of such Corporation, for the uses and purposes therein set forth. GIVEN under my hand and seal the day and year last above written. "1\(;1\ tIItUf'fWE Notary Public. State. of New York No. 31·4969000 Qualified In NeW York Coun~ ~mmlssion Exglrel JIIIY 9. 2~ í , p," "" ~. '-'-'0 0....' By: , : '; " / ,~, t ,-'.:, ..r '. ~. -) .. .)'~ \"..1 a ¡'() "-., " 'oiIt..'". "¥to) ).. " ~ ~ otary, fuó1ic .' .! ", ')':1' ' . .. . Hams Fork Prospect #1267 Lincoln Co., Wyoming Page 2 of8 0930371 000091 Assignees: PALACE EXPLORATION COMPANY By: Paul A. Howard Title: Vice President STEPHENS ENERGY COMPANY LLC ..., I I ;;e;id:~~r SOUTHWESTERN E ERGY PRODUCTION COMPANY By: Title: STATE OF OKLAHOMA ) ) § COUNTY OF TULSA ) I BEFORE ME, the undersigned, a Notary Public in and for said County land State, on this ~ ~ day of February 2007, personally appeared Robert M. Zinke, to me known to be the identical person who subscribed the name of Zenergy, Inc. to the foregoing instrument as its President and acknowle~ged to me that he executed the I same as his free and voluntary act and deed and as the free and voluntary act and eed of such Corporation, for the uses and purposes therein set forth, GNEN under my hand and seal the day and year last above written. e:· .. JANICE ZEHREN Notary .PuÞllc S.... of QIdIhoma, æf'= Notary Public STATE OF NEW YORK ) ) § COUNTY OF NEW YORK ) BEFORE ME, the undersigned, a Notary Public in and for said County land State, on this _ day of 2007, personally appeared Paul A. Howard, to me known to be the identical person who subscribed the name of Palace Exploration Company to the foregoing ins1:ruÌnent as its Vice President and acknowledged to me that he executed the same as his free and voluntary act and dJed and as the free and voluntary act and deed of such Corporation, for the uses and purposes therein set forth. GIVEN under my hand and seal the day and year last above written. By: Notary Public Hams Fork Prospect #1267 Lincoln Co., Wyoming Page 2 of 8 .o~30J71 Assignees: I PALACE EXPLORATION COMPANY 000092 By: Paul A. Howard Title: Vice President STEPHENS ENERGY COMPANY LLC By: Title: I SOUTHWESTERN ENERGY PRODUCTION COMPANY By: Title: / I I ~~ v.-- Jim I. Dewbre .¡ f( Sr. V.P, - Land & Busines ¡Organizational Development STATE OF OKLAHOMA ) ) § COUNTY OF TULSA ) BEFORE ME, the undersigned, a Notary Public in and for said County and State, on this _ day of 2007, personally appeared Robert M. Zinke, to me known to be the identical person who subscribed the name of Zenergy, Inc. to the foregoing instrument as its President ana acknowledged to me that he executed the same as his free and voluntary act and deed and as the free and voluntary act and deed of such Corporation, for the uses and purposes therein set forth. GIVEN under my hand and seal the day and year last above written. By: Notary Public STATE OF NEW YORK ) ) § COUNTY OF NEW YORK ) BEFORE ME, the undersigned, a Notary Public in and for said County and State, on this ~ day of 2007, personally appeared Paul A. Hòward, to me known to ~e the identical person whò subscribed the name of Palace Exploratiòn Company to the foregoing instrum nt as its Vice President and acknowledged to me that he executed the same as his free and voluntary act and dee and as the free and voluntary act and deed of such Corporation, for the uses and purposes therein set forth. GIVEN under my hand and seal the day and year last above written. By: Notary Public Hams Fork Prospect # 1267 Lincoln Co., Wyoming Page2o-- Ü~30J7j. 0000:93 STATE OF 0olom clD COUNTY OF 2DQ..n \J Q...(" ) ) § ) B~FORE ME, the undersigned, a Notary Public in and for said CountJj.and State, on this ~ day of ~ Yt \ 2007, personally appeared 0 - . , \ "- , to me known to be the i'{*al peþon w4,o subscribed the name of Stephens ne y Company LLr to the foregoing instrument as its \ c..e. r p,s. \ &t'\...T and acknowledged to me that pe executed the same as his free and voluntary act and deed and as the free and voluntary act and deed of such Corpøration, for the uses and purposes therein set forth. GIVEN'under my hand and seal the day and year last above written. ·1 ¡'.,; . . '. .~ " ", . \ M y COII1Il¥s~i~Ìi' .~*þir~s: ,8'~'~ 0/ 1l;'~; ~i . . -~...},.' ÇJ .. :, ;Ou B·\..\n; j<' '. . ,v.." 1\') " ,'> . . ';:. ;,: ~ .~::,:; 7:(~' Notary Public STATE OF ) ) § ) COUNTY OF BEFORE ME, the undersigned, a Notary Public in and for said count)11 and State, on tlns _ day of 2007, personally appeared , to me known to be the identical person who subscribed the name of Southwestern Energy Production Company to the foregoing instrument as its and acknowledged Ito me that he executed the same as his free and voluntary act and deed and as the free and voluntary act and deed f such Corporation, for the uses and purposes therein set forth. GIVEN under my hand and seal the day and year last above written. My Commission Expires: By: Notary Public Hams Fork Prospect #1267 Lincoln Co., Wyoming Page 3 ofB 'û~~0371 000094 STATE OF ) ) § ) COUNTY OF BEFORE ME, the undersigned, a Notary Public in and for said County aid State, on this _ day of 2007, personally appeared , to me known to be the identical person who subscribed the name of Stephens' Energy Company LLC to the foregoing instrument as its and acknowledged to me that he exebuted the same as his free and I voluntary act and deed and as the free and voluntary act and deed of such Corporaf on, for the uses and purposes therein set forth. GIVEN under my hand and seal the day and year last above written. My Commission Expires: By: Notary Public STATE OF \e~Q ~ ) ) § COUNTY OF \-\-ClJ2..R..\S ) BEFORE ME, the undersigned, a Notary Public in and for said County a d State, on this ~ I ~ay of 2007, personally appeared 07 ""^ R. ~'€.u..) bl'4:'..... 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