HomeMy WebLinkAbout935799
and &ffective January 6, 1998
STATE
OIL AND
o~ nYOMING
GAS LEASE
Lease If UI-U"~~~
Parcel # 589
Fund Code: SR
Form Approved by the (
This indenture of lease entered into by and between the State öf Wyoming, acting by
and through its Board of Land Commissioners as LESSOR, and the following as LESSEE:
,~ .
Fitzsimmons, Ll.ê
0.00048
Section 1. PURPOSE. The LESSOR, in consideration of the rents and royalties to be
paid and the covenants and agreements to be kept and performed by the LESSEE, does hereby
grant and lease to the LESSEE, the exclusive right to drill for, mine, extract, remove, and
dispose of all the oil, gas and associated hydrocarbon substances and gaseous substances and
elements produced therewith, including sulphur, hydrogen sulfide, sulphur dioxide, nitrogen,
carbon dioxide and helium, which may be produced from 'the following described land, to wit:
S2 Section: 11 Township: 21 North Range: 120 West of the 6th P.M.
County: Lincoln
Acres: 320.00
$320.00
($1.00 per acre or fraction thereof)
Together with the right of ingress and egress and the right to use so much of the
surface of said lands as is necessary to construct and maintain thereupon all works,
building, plants, waterways, roads, communication lines, pipe lines, reservoirs, tanks,
pumping stations, or other facilities necessary to the proper conduct of operations there
under.
Section 2. TERM OF LEASE. This lease shall become effective on the day and year set
out below and shall remain in effect for a primary term of five (5) years and for so long
thereafter as leased substances may be produced from the lands in paying quantities. This
lease may also be extended beyond its primary term in the absence of production of leased
substances as may be provided by the statutes of the State of Wyoming and the regulations of
the Board of Land Commissioners adopted pursuant thereto. Provided, however, if drilling,
completion, testing or reworking operations are being diligently conducted, either during
the primary term or during any extension thereof, this lease shall continue,in full force
and effect so long as such operations are being conducted and so long thereafter as oil or
gas may be produced in paying quantities. This lease may be relinquished or terminated at
an earlier date as herein provided.
Section 3. If the LESSOR owns an interest in oil and gas in said land less than the
entire fee simple estate, then the royalties and rentals to be paid LESSOR shall be reduced
proportionately.
Section 4. LESSEE expressly represents that, if an individual, LESSEE is a citizen of
the united Statês, or has declared an intention to become a citizen, and is over 19 years of
age-and if a corporation, is duly qualified to transact business in wyoming.
Section 5. This lease is issued under the authority conferred by Title 36, W.S. 1977
as to the State and School Lands, and Title 11, W.S. 1977 as to Farm Loan lands, and shall
be subject to, and operations by LESSEE hereunder shall be conducted in compliance with the
specific lease terms set out on the reverse of this lease, and with all applicable state
statutory requirements and the regulations issued thereunder, including those providing for:
the leasing of State or Farm Loan Lands for oil and gas; the conservation of oil and gas;
and the regulation of security transactions.
~ection 6. HEIRS AND SUCCESSORS IN INTEREST. It is covenanted and agreed that each
obligation hereunder shall extend to and be binding upon, and every benefit thereof shall
inure to the heirs, executors, administrators, successors of, or assigns of the respective
parties hereto.
Section 7. SOVEREIGN IMMUNITY. The State of Wyoming and the lessor do not waive
sovereign immunity by entering into this lease, and specifically retain immunity and all
defenses available to them as sovereigns pursuant to Wyoming Statute 1-39-104 (a) and all
other state laws.
IN WITNESS WHEREOF, this lease has been executed by LESSOR and LESSEE to become
effective on the 2nd day of, October, 2007 A.D.
LESSOR, STAT~ OF WYOM NG~~ng~ and through it
Le"ee SignaCure' ~~ B .
Address: /
------
--------
City: State: Zip:
Phone:_ 1--301- ~lA - -31Sq~-_..:.......
1 JOHN KENNEDY
2201 Cabin Ct.
Gillette, WY 82718
RECEIVED 12/26/2007 at 10:51 AM
RECEIVING # 935799
BOOK: 682 PAGE: 48
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
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OIL AND GAE
..---..
Sed1on1. THE LESSEE AGREES:
(a) BOND. To Iumi5h a bond'" an apIRMId corparate surely CIDI..-nY 8UIhaIized IItIlBnSlKt
busineSS In the Stale ofWyorring. or such oilier surely as may beacœplable 10 thele55lJr. in...
penal sum as required by the current rules 01 the Slate IIcød 01 Land CoomÌlSiDllilllS.
conditioned upon the paynørt 01.. r8IIIaIs and ruyaUles acøuInIIlo the laSSØ'under the -
hereOf. and upon the full CIOß1)IIanœ 01 all oilier..... and condilionS of this lease and !he rules
and regulations RIIaIina 1her8Iø. 8l1li also c:oncjIIaned an the ~ 01... cIamaQes 10 the
surface and ~ 1heNoft......the..... ___lands the surfaCe 01 which has....
sold or øIhaIwise 1eiÍIIéd. Such ~ .. bOnds .......... prior 10 the cIa-.eIopnøIt 01 the lands
contained In INs ..... may be inenIIISed In such .-.abIe1ll'llØUlllS as the lessOr may decide
upon ~ 01 drilling operations and after the disaMry 01 011 or gas.
(b)PAYMENTS. To.... aU payments IICØUIng ........ 10 the 0IIIœ 01 state t.aIIIs and
InveslllØ\lS. 122 West 25Ih snet. Cheyenne. Wyamng 82002-0600.
(c)RENTAlS. PrIor 10 the ~ 01 011 or gas In IBying quantities 10 pay the IeøOr in
advMC8. begiMIng wllIt the eII'ecIIwt datil hereof. an amuallIIIdaI rI 51.00 per acre orfladion
1hereOf.
Aller the dlsawery 01 011 or gas In paying quanII/Jes 10 pay the Iesø'In IIdvanca begInnIn willt
the first day 01 the IeøSe year sucœeding the lease year In which actual disaMry - made. an
annual rental 01$2.00 par acreorr.actlon 1hereOf. unleSS changed by~ Sudtrenlal&ll
paid lor any one year IhaII be credIIIId on the røwaIIY for that ,....
Annual rentals on aI __ shaD be payable In advance for the first ,... and eøch year
lhereafter. No notice 01 rental due shall be senllo the '-. If the renlalls not paid on or
befont the datil It bKanWS due. nallœol dIIfaM will be..,. 10 the..... and a l8l8llyolSO.50
per acre for late payment will be___
The 1_ is notleglllly obligated 10 pay either the renlal or the penalty. buill the renfaI ...
penalty are not paid wIIhin thirty (30) days after the naIfœ 01 default_ been receMd....re.e
willlerminate automaUallly by operaIIon 01 laW. Teminatlan 01 the ..... shall not reIIewt the
IeSæe 01 any obIIgaIIon incumId under the lease lither Ulan the obIIQ8IIOn 10 pay renfaI or
penalty. The lesSee shIIII not be enIIIIed to a c:redt an royalty due for any penalty paid for late
payments of renlal on an operating ....
(d)ROYAlTlES. Therayellies to be paid by lesSee are:
(i) On oil. one-sbdh 0I1lla1 pIOduœd. SõM!CI. and srId from said land. the _10 be delivered
Blthe wells or 10 the cnodil oil_into the pipe Hne 10 which the wells may be connected.
(ül On gas.1nduding c:asIngI.-d gas or oilier ~ subsfances. pRJduœd frumsaid
land saved and srId or used oft the premises orin 1I1e1l8lUfal:lunt0l gasoIineorolllerproduClS
lItere/rom. the market value at the WIllI 01 one-siXIh 01 the gas &II said or used. pRIIIided Ihat on
gas &oid althe wells. the røwaIIY shall be one-sbdh 01 the amaunt I1IIJIIzed frOm such sale.
(iil) On all allier hydl'OClllbOllS 01 \/BlUe and gaseoos IIUbsIanceS and ea-ts produœd or
-.cIed. Including prapane. buIan&. 1UIphur. nUrogen. __ dIoIdde. and helium. at such
royalty as shall be rnduaIty cIeteminId to be f8Ir and -'*t.
(Iv) For royalty ~ on gas'" naIunII gasoline the V8Iue IhaII be as apIRMId by the
lessor. and in the dosI;W.liuatlan 01 the value 01 /I8IUnII JIIIIIfine the fair œst 01 aInIdion shill be
considered as a dedudiblettem: pruWIed. '-. thalthe~fortheœstolexInICIiCJII
may exceed two-IhInIs 01 lite amount or valUft onty on apprvvaI 0I1he 1- and In no -.I shill!
the price for lIS. ornalunll gasoline. be leølhan Ihat I'1IC8Md by the UniII8d Stale 01 AmeIfCa for
ilS royalties frum the _ field.
(v) Nalural gas'" 011 actually used forapemllng ~...,on the land and.l!IaIPtas lit ilia
ultimate sale thenIof. gas or liquid I¥fnIC8rbOII5 returned to Ihe sand far stInUaIing the
producIton of 011 or sec:anctary -V ~..... be royalty free.
(e) DISPOSITION OF ROYAL tv OIL AND GAS. To cIeIIwr 10 Ihe lessor. or 10 such 1ndMduaI.
firm or axporaIIon as Ihe lessor fIllY cIesignIIIe. all røwaIIY all. lIS. a-oIherldndnld IIydroeaIbanS.
free of charge an the premises .....pRJduœd. or. at theoptian 01 the lessor. ...In Ueu 01 said
royalties In Idnd. the '- agrees 10 pay the lessor lie field nøIœt price or VIIIue 01 all royalty
oil. gas. or oilier kindled /l)dl1IICØrboI1S produœd and saved.
When the lessoraIeCIS 10 lake lis R¥dtV0II. lIS. oro/hal'/IVdRIC8fbons In kind such as 011. lIS.
or oilier IdndnId I¥fnIC8rbOII5 shall be good merchantable 011. lIS. or oilier IdndnJd
hydrocarbonS. The lesSee shall II .-y furnish stonIge for rayaIty 011 free 01 chargefar'*'Y
(30) days a!let Ihe end 0I1he caIend8r month In whidllhe ollis prodUced. upon the Ieæed
prenises. or at Ihe such pIKe as Ihe lessOr'" the.... maynUually agree upon. IIOVided.
lhalthe lessee shall not be held liable for lOSS or daIIIrudIan 01 royalty 011 SO sIored frOm__
be)'OIId his œnInJI.
The free storage of all. as her8In IIOVided. shall appfyonty as long as the said 011 Is thepn:¡perty
of Ihe lessor.
(I) MEASUREMENTS OF PRQDUC11ON. To gauge. ___ and cørectfor~ aU
production from said landS In œnførmIncewlllt the ndas and reguIaIIons adopIed by the BcIIIId rI
land CommIssioners and report said production 10 Ihe lessor inac;œrcfance 1hereWI1It.
To keep booIas. ,---.... nIIIIIts perteInIng to the pRIdudIan frOmthe land henin 1.-1 as
well as Ihose pertaining 10 the praductIon fnlmoffset......1II8I'Ided by'" lesSee. his operaIor.
or sub-Iessee on oilier lands. IIIIhic:h shall be opened at all tin-. for ... Inspedion oIeny duly
authorized agent 0I1he lessor.
To furnish the lessor ... arigInIII pipe line reports showing the day. month. year. amount.
grallilies. and Ieß1I8f1IIUnIS 01 all all tun and wIItI monINy reports showing the month. yeIII'.
amounl. and price 01 all gas and natural gas gasoline and oilier produCIS prodUced and sold from
Iha land herein leased. and Ihe amounI 01 gas returned 10 the sand.
(0) MQNTHl Y PAYMENTS AND STATBtENT5. ~ the lime 01 payinent Is oI/IeIwISe
extended by lhe Office 01 Slate Lands and InvesImInIS 10 neke paynøII on or before the
lwentielh (2Ofh)day ollhe c:aIendIr month aucœeding Ihe month 01 lRlduc:lion and nwnovaI and
sale of oil.nd gas frumsaid land. and to furnish _ monthIystal-* therewlths/lOWingln
delaillhe quantilyand quality 01 the praductIon (per"if req¡Rd where pradIc:aI)fromthe land
hereby leased. and the qlØllity and quality 01 the pRIdudIan (per- w/IeIepracfical)flllmoflsl!l
wells upon cornerInO or conUOU-Iand oparaIed by the lessee. his operator or suIHesSe8 and
such olher Information as may be called lor In the form or report prescribed by lessor.
(hi WELLS TO BE DRILLED. To dIIIl'" openIIe effef:IMty all weIIS.-y 10 ~
otf&eI wells upon and pnxIucIIon frOm acIjaInng lands.
To drill such acfdIUonaI wells al such times or placeS as are .-y and ~ 10 the
proper devalopnW\l and c:ømwdaI prodUdIOn 01 the 011 and gas content 01 said land.
(i)LOG OF WELLS AND REPORTS. To keep a Jog. In the formaplRMld by the lessor. 01 eøch
well drilled by the lessee on Ihe lands /linin Ieæed. showing the ifraI8 and CI\8Iadef 01 the
lonnations. __ sandS and ninenII depoIIt$ peneIrated by Ihe driH. amount 01 casIng.1IizIII and
where set. and such oilier Informa/IOn as ....1essOr may requIIW which Jog or CIIP'I1henIoI shaD
be furnished 10 Ihe Iessor_
To file progress reports. in ilia form prescribed by the lessor. at the end of eøch INIIy (30) day
period while each well is being drtUed.
To file annually. or at such umas as the lessor may IeIUft. maps shøwIn the dIMIIøpnenI 01
the structure and Ihe locatIOn 01 all wells. pipe lines and oilier works used in CØWII!CIiDII...the
operations 01 the IeSæe upon said land.
To make such oilier reports pertaining 10 the produdIon and operations by the lessee on said
land. and repolt such oilier InIorn'eIlon as may be possessed by .... lesSee on the wells.
produàion or operaIIons 01 oIhers an lands on the .... geologiC sIRJdurIIlhal may be of
~In eØedIng JIaper~..It"'1II8nIØon 01 the Iandsher8ln feMed. as may be
called for by the lessor. All Jogs. maps. and reports..... be submiUed in duplicate and 1he0000œ
rI Slate Lands and ~ may"""'" such reports as œndIIIonS may~t
U)PRODUCTION. To opeIaIé IheWlllla upon the land herein ieIIsed In a c:øqIIIent and eIIIdenI
mamer In.n endeavor 10 rec:ov.... the oil and gas ecanonicaAy IOSIIIbIe from said land and '"
prevenllha under drainage ollila 011 and gas I/IenIUnder by wells operated by Ihe 1esSM or
oIhets on cornering or contiguous lands 10 Ihose Ieæed henin. All p¡.. or mefhods for the
purpose of stimJlaling or increasing produdIon on lands herein leased oilier than those in
conmon use shaD fIniI be ~ to the tessor for appruvaI before being pullnIo actual
operation.
No production ~ts linillng. ~ng. prorating. or øIheMise affeding Ihe
nalufalproducllon frum said land shall be entered Inlo by the lesSee. nor shaD the ~ IImil.
IMIrit'J nr """"'" "'" NOh..... nnvt, "'""" Imm call1larvI ift """ _v nr 11\ ,""v...-.l -"'" with
drlHed on lands ~ less than 200 reet frum the III 'hereof: to condud all
operationS subjed 10. ~on of the ~ 10 CBI lessee'S upense all
reasonable orders an JiremenIS 01 the tessor ßIfaIIv8 10 '1IIe' pr.-ltlon 01 waste and
preuMIIian Glthe prop....)' and Ole heallh and saraty olllØlcm8n including ilia raptanllng and
RISIIedfnø 01.... sties and oilier _ dlsIøbed by drIiIIntJ apeI8IiCJIIS and on fai\uIII 01 the
lesSee so 10 dO the lessor shall ..... the riØ1t. IogIIIIw' IIiIII øIhet -- henin pnwided. to
enteron thepRJPerly 10 mpalrdanlleor..-.--allhe......epense; to abide by'"
confarmlo...... applicable regulatIonS ~ lO...........the_oIthe..raœ.1I oilier
than Ihe lessOr. or lessee 01 grazing lights IhereoI for actual cIamIges IhenIIO and qury 10
I~ thereon. pruvtdIId. that the lessee shall not be helcllIIIIICJIIIibI for' adS 01
pnMcIence or acIion5 .,.,.... his c:onfnII.
(m)TAXES AND wAGES-FREEDOU OF PURCHASE. To pay. when clue aD lamS IaIIIuIy
__ and lIMed under the Iawa 01 the Slate 01 Wyamng...,on ..........-"'"- 01 and gas
produœd frum Ihe land hef8Under. or oilier rtghIa. prIIp8Ity or __ 01 the..... lit accanI all
WØIIcm8n and ~CIIft1IIeIefnlldomol fIUId*e. and 1OrJi'f all wegMdueWØllcm8n and
8II'CIkJYMS In _¡Iou...a willi the ... 0I1he stale GI WpinD.
(n)ASSJGNIIENTS Of LEAS&f'AODUCTIO AGREEUENTS. Motto'" fhis,-orøny
InIenISI therein. nor'" any portion 01 the I-' IIWIriMS. ......the~inwriling
01 the '- fitst had'" øbtaInad.
All oven1dIng myøllles to be vøIId. IftISt have Ihe approvøI 01 the IIœnI at by Ihe Office 01 Slate
Lands and ~ when auIhorIty III dO 10" bMIt delegated by the IIcød and"" be
~wIItI the lease.. TheIlcød_lherighloldlsltpprlMlolsuch-nctlnDra,aIIfes
when in lis opinion theytJecameeaulve'" henœ_cIeIIIm8nIaI to"JIaper~_1t
01 the ieIIsed lands.
(o)DEUVER PREMISES IN CASE OF FORFEJTURE. To deIIver~1he1.-l prerriseS. wilhal
pennII18I1I tmpravemenIs '--.In good onIIIr and condIIiðn In case oIforfaUure 0I1hIs 1eMe.
bulthis shall not be cansInIIId lit
~ the remøvaI. a\tenIIIOII or ....... 01 equipment and WIIflO.......... in the onfInaIy
CDIII1Ie 01 operatIonS.
SectIon 2. THE LESSOR EXPRESSly RESERIIES:
(a) The rigid 10 r_ sell. or ø\heIWISe dilClSll 01 the surfaCe 01 the land I!IfttnIced wllhin this
'- under uIsIIng INs or lawalMnllfW enadBd. and In ............:6 wIItI the rules 01 the
IIœnI 01 Land CornrrisSions Insofar as ..1UIface II not ~ for Ihe use 01 the lessee in
the œnduct 01 operaIions hereunder_
(b)The rif#lt 10 Ieese. sell. or CII/IeNiSe cIispoIe 01 oilier ninenII or suIIsIIr'- -.rœs not
covered by the 1uU. in aa:ontanœ ""lit Ihe applicable'" and the RIles 01 the IIcød 01 Land
Conrr'iS5ICJIIe
(c)From the III8nIØon 0I1his lease. the uface lands henIIOIont epanIed for r\hI!HIf.-y and
__and_therihlIO"'sucholller~...--*aslRMdedby
the II1IIIuIeS 01 the Slate 01 Wyorring. as long as u:ullllsol-r and--*dOnotœnlld
willi the operations for 011 ... gas on Ihe land henin 1-'.
(d)The righllo refusa 10 comrrit..I__1IInds loa unit plan 01 develoPment if lhellcød finds
such acIian.uld irrCJIIir the___. __ riQhI to.... its røwaIIY gas In Idnd andtolUld-.
all oilier gas aI\aaIted lit the ....Iand& a II'IIided In Sedion 3(e)belolw-
(e)The right to alter or modify the quantity and rate 01 JfDdudIon 10 the end'" -- may be
e\inínIIted orlhat IIOdudion may canronnto........ fair stweol........praducllanunder
øny system 01 Slate or NaIICInBI'QIItaIIment end pnnIIon authøIzed by laW.
(!)In addIion lit lis right lit.... lis røwallYgas In Idnd,thetessor _lherighl and apIIon 10
purchase aI oilier gas prodUced far .... or 1188 oft 0. .......... ThIs apIIon shall be
eun:IS8d ontyllthe IIoenIInds that the.............. ls....toacœptab0n81de
oØw rmm a IIIId-."" InIends to sell orflanlpfllt" gas ..lnIeraI8Ieamnen:l8'" that
... or more In\rasIate purc/IaS8I5 (I.e~ purc/IaS8I5""" use, -. orselllhegasforuse
or ~ lII1IIA!Iy willtln Ihe Slate of Wyorrmg) _ wI\tInfI and abte 10 purchase the gas
upon terns.-bly ~lOand at... as faIIorabIe to the.... as __offanId by
the InIIIrstaIe IIIId-.. The IIœnI shIII.....this apIIon'" penrilM........ .......Inds
Ihat no InIraSIafe pun:haSer Is wiling ... able to purchase the gas ...,on terns IIIIhic:h -
R!ØSCJII8bIy CIOII..,abIe to and at 1easI. faWII8IIfe 10 the '-' M a condIIiðn to such___.
. saIisfadOIY agresœnI may be entered Ir*I by""*" the 1ßIdIICIfCJII ollis rayaIty gas rœy be
defemId unØllI C8I'I be prodUced ... aoId for œnuqJIIon ... 1188 enIInIIy within the State 01
Wyoning.
SecIICJII 3. APPRAISAl OF II.FRO\IEUENTS. The lesSee shaI ..... the riQhI subjeCt lit the
IRIIIIIIons 0I1IIe 311. as lit Slate'" State Sd1oaIlands. and 1JfIe 11. - lit State ~ and
I/wesInWIIs ø-d Lands. W.S. 1977. 10.- eny ____ --' by ,-within a
l1!8ISOIIIIbIe time after the teminafiCJII 0I1hIs '-. ~agr.-1haI any IUd\ ~
notl1lllllMll within a'--- time afl8r1emili8llan 0I1hIs..... shaI bedlllpoMdol........
10 the abQ\oe sIaIufeS.
Sec11CJ114. FORFEmIRE cu.use. Thelloenl shaI'- the 1011181' and auI/IoIIIy to C3IC8f
.... proand byftaud. deceit. or~ orforlhe... 01 the lands forØlllMill or
II\eg8t purpoIIØS. or lor the _lion of the covenents 01 the..... upon pI'IIIIIr pRJoIlhereoI. In
the .-Itlhat the '- shaI ~ in Ihe .......j...a or ~ oIeny 01 the IeIm8.
---. ... aIIpufaIIona hereof. Or 01 the genøI reguIaIIon5 IRIIIIJIgIIBd by Ihe IIœnI 01
Land c......iIsIIoIøs and In iorœanthe datil"'. the Iessorshlll_ naIfœ 01 suchfaiUII
ordefaufl al\herby peISOIIIII..... or by cedifIed a-ßl\sl8l8dmall upanthe '--- .....I11I:II
faihn or defaPt œnI\nUeS for a period 0I1hfrty (30) days...... the.... 01 such notfce. ....
and in IhaI -' the lessor may. BIlls tIpIICJII. dedaIe a faIfaUunt and cancel !his IeøIe.
wher8UIOIIaI~'" privileges. obIafnedby.......hereundershaltenrinølltand-
and the lessor may re-enler andlalle pasMUIon 0I1IIid..... or eny pøII.... -n.e
provIsionS shill not beanWedlO.....the.....bytessorenylegal atequllatlle-.ør
whfch Ihe lessor mghl oI/IeIWiSe '-- A ___ oIeny IIIfIIcDar cause or fOIfeIlIn shaI not
prevenllIIa cancellallon ønd foIfeI\UI'e' 0I1his ... by eny oilier cause 0I1oIfeIIur8. or for the
_ _ rxx:unIngaleny oilier time.
SecIICJII S. RB.JNQUISHMENT AND SORRENDER. ThIs lease nøy be IeUnquished ...
sunendenId to lessor as 10" or eny legal subdhIiIICJII 01 aafd lands as fof\oIIIIS:
(a) If no aperationS .... been c;unduc:IDd under Ihe ..... an the land lit be IeIinquIshed. the
1_ shalf file willi the Slale Land ø-d... Slate Loan and '"-Iment BœnI. a ....1Ien
reIInqW/IrnInI or sunender. duly IiIIId and IICNID '.1rc'" ataIIngllwelnlhalnoopllllliøB
..... been CIIIIIduded an the land. The~ soiled shall '--......onlhedale
and hour 01 rec:eIpIlMnIoIln Ihe office 01 the DinIdar or at _ ...... d8Ie. "such be so
specified by the __..... ..the aafd NIInqIIiII1Iœnt falls to state'" no CII*8iCJIIs '-
been c:onduded. the etrec:Iíwt datil 01 NIinqUIshnwIt shall be the date the refinquiIIhnwII is
approved by Ihe Board.
(b)" operatians.... been conducted under the..... on land IRIIOMd lit be raInqUIshed.'"
..... shaI glveUdy (60) daysnalfœ and shIIII........DkeI:Iø'.- ~OI
sumInder duty acIøIOIIØdfed and IIIaII/I thenIIn Ihat CII8IIItiDIIS ..... been conducted an 0.
land. The reIinquIshmenI shall not tJecame IIffec:IIw unlit the land and .. wells .-- shill
have been placed In condition ecœpIabfe lit lessor and shall..... beenllllf.-lbytheStaleOll
and Gas SupervISor.
All RJnIafs becxlning due prior 10 a urendar or nII/nqufshmeI1I beaIIrinØ elfectlwt. shall be
payable by ..... unlesS payinent IheNoI shaD be WBIWId by lessor. A A!finquIshmenI hailing
bealmeelfectivethereshall be no__ by'-..... .....astothenlllnqulshedlands
may not be reinstaled.
000049
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