HomeMy WebLinkAbout934445
STATE OF WYOMING
COUNTY OF LINCOLN
RECEIVED 10/30/2007 at 10:40 AM
RECEIVING # 934445
BOOK: 677 PAGE: 213
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
ASSIGNMENT OF OVERRIDING ROYALTY INTEREST
0002'13
This Overriding Royalty Assignment, made this 16th day of October, 2007, by and between
Kathy K. Stolper, 16688 West 73rd Drive, Arvada, CO 80007, hereinafter called Assignor; and
Noelani Bevill, 21302 Snow Creek Court, Parker, CO 80138, hereinafter called Assignee.
Assignor, named above, owns an overriding royalty interest in Oil, Gas and Mineral Leases
(t"e "Leases") covering lands located in Lincoln County, WY (the "Lands"). The Leases and Lands
are described on Exhibit "A" to this Assignment.
For adequate consideration, Assignor transfers, assigns and conveys to Assignee ten percent
(10%) of Assignor's overriding royalty interest in all of the oil, gas, and other minerals produced,
saved, and marketed from all of the Lands and Leases (the "Override").
The Override Assigned to Assignee is subject to the following provisions:
1. The tenns and provisions of the Leases, any amendments, corrections, additions, or
modifications of the Leases made prior to or after the execution of this Assignment. Assignee
agrees that future amendments, corrections, additions, or modifications of the Leases may be made
without the consent or joinder of Assignee.
2. All applicable laws, rules, regulations, and orders of appropriate governmental
authorities and agencies having jurisdiction over the Lands and Leases.
3. The Override is assigned free and clear of all cost and expense of explomtion,
drilling, development and opemtion, but except for and subject to its proportionate share of actual
third party costs incurred for gathering, transportation and marketing, and its proportionate share of
severance, ad valorem and other similar taxes. No payments to the Override will be made or shall
accrue on any oil, gas and casinghead gas or other hydrocarbon substances or minerals used for
operating, developing, or producing purposes on the Lands under the Leases, or in treating the
products produced to make them marketable, or which are unavoidably lost. No payments shall be
made to the Override on gas and casinghead gas used for recycling or repressuring operations that
benefit the Leases.
4. All payments to the Override shall be made or delivered to Assignee in the same
manner provided in the Leases for the payment of royalty to the lessors.
5. If a Lease or Leases cover less than the entire mineral estate in the Lands, the
Override assigned to Assignee shall be reduced proportionately as to the affected Lease and Lands.
6. In the event the Leases are renewed, or the primary tenn of the Leases extended, then
the Override shall remain a burden against the Leases as so extended, or against the renewed Leases.
The terms and provisions of this Assignment shall inure to the benefit of Assignor and
Assignee and to their heirs, legal representatives, successors, and/or assigns.
This Assignment is executed as of the date of acknowledgment of Assignor's signature
below, but shall be effective for all purposes as of October 16,2007, the Effective Date.
IN WITNESS WHEREOF, Assignor has executed and delivered this overriding royalty
assignment to Assignee, the day and year first above written.
ASSIGNOR:
0002~4
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Kathy K. Stolper
STATE OF COLORADO }
} ss.
COUNTY OF ARAPAHOE }
The foregoing instrument was acknowledged before me this ;;;gr.tjay of CtJv ber: 2007,
by Kathy K. Stolper.
WTINESS my hand and official seal.
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