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HomeMy WebLinkAbout950593WELLBORE ASSIGNMENT 1 ai:,125 THIS WELLBORE ASSIGNMENT (the "Assignment dated effective 12:01 a.m. local time October 12, 2005, (the "Effective Time is from BP America Production Company, a Delaware corporation, whose mailing address is P.O. Box 3092, Houston, Texas 77253 -3092 "Assignor to EOG Resources, Inc., a Delaware corporation, whose address is 600 Seventeenth Street, Suite 1000N, Denver, Colorado 80202 "Assignee For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Assignor hereby sells, assigns, transfers, grants, bargains, and conveys to Assignee the real and personal property interests described below, located in Sweetwater County, Wyoming (the "Wellbore Interests 1. Seventy percent (70 of Assignor's right, title and interest in and to the wellbore for the Tripp 14 -7 Well, located in the SE /4NE /4 of Section 14, T19N, R112W, 6 P.M., Sweetwater County, Wyoming, at a surface location 2,303 feet from the north line, and 385 feet from the east line of said Section 14, and all associated equipment and personal property (the "Wellbore together with such interest of the Assignor derived from the oil and gas leases described on Exhibit A hereto (the "Leases insofar and only insofar as the Leases cover the lands described on Exhibit A (the "Lands under: (i) the Operating Agreement dated March 30, 2005, between EOG Resources, Inc., Operator for Drilling, Evaluation, Completion and Plugging and Abandonment, Chevron U.S.A. Inc., Operator for Post Completion, and BP America Production Company, Anadarko E &P Company LP, Wexpro Company and Questar Exploration Production Company, as non operators, the Operating Agreement dated October 15, 1978, between Amoco Production Company, as operator, and Champlin Petroleum Company., as non operator, the Operating Agreement dated March 1, 1982, between Texaco, Inc., as operator, and Mountain Fuel Supply Company, Amoco Production Company, Champlin Petroleum Company, and Conoco, Inc., as non operators, (iv) Bruff Unit Agreement, No. 109442X, and Unit Operating Agreement for the Bruff Unit, and (v) Communitization Agreement WYW- 122574 effective June 1, 1980, (vi) Communitization Agreement WYW- 168927, effective December 30, 1999, (vii) Communitization Agreement WYW- 168925, effective October 1, 2007, (viii) Communitization Agreement WYW- 168926, effective June 1, 2005, RECEIVED 11/17/2009 at 3:19 PM RECEIVING 950593 BOOK: 736 PAGE: 125 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY 0 from the surface of the earth to 100 feet below the base of the Dakota formation, deemed as the base of the coarsening upward sequence as depicted by well log gamma ray curve occurring at a measured depth of 12,474 measured depth feet in the BP America Production Company CHAMPLIN 186 I #2 (API No. 4904120840), located in Section 13, T18N, R113W, Uinta County, Wyoming (the "Assigned Depths as is necessary to vest in Assignee ownership of 70% of Assignor's right, title and interest in the Wellbore and the production therefrom, limited to the Assigned Depths. In the event a participating area "PA is expanded after Assignee has acquired an interest therein pursuant to the BP -EOG Moxa Arch Farmout Agreement dated July 31, 2003 between BP and EOG, Assignee will not be entitled to participate in production from the expanded participating area but Assignor will be deemed to have assigned to Assignee, as of the effective date of the PA expansion, out of its retained working interest, such additional interest in the Wellbore as to the affected formation to keep Assignee whole as to the quantity of production in MMBTU's) which Assignee would have received had the PA not been expanded. In the event the assignment of Assignor's retained working interest is insufficient to keep Assignee whole, Assignee shall not be entitled to any further remedy. 2. Rights in and to all existing and effective unitization, pooling and communitization agreements, and other contracts, agreements and instruments to the extent only that they relate to or affect the Wellbore Interests. 3. Concurrent rights of ingress and egress to the Lands, and in and to surface use agreements, rights -of -way, easements, surface leases and other surface rights held by Assignor in connection with ownership or operation of the Leases and Lands. TO HAVE AND TO HOLD the Wellbore Interests unto Assignee and its successors and assigns forever. This Assignment is made and accepted expressly subject to the following terms and conditions: A. THIS ASSIGNMENT IS MADE WITHOUT WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY EXCEPT THAT ASSIGNOR WARRANTS THAT TITLE TO THE WELLBORE INTERESTS IS FREE AND CLEAR OF ANY LIENS AND ENCUMBRANCES CREATED BY, THROUGH OR UNDER ASSIGNOR WITH THE EXCEPTION OF ROYALTY, OVERRIDING ROYALTY AND OTHER BURDENS ON PRODUCTION OF RECORD ON JULY 31, 2003. B. This Assignment is subject to the terms and provisions of the BP -EOG Moxa Arch Farmout Agreement dated July 31, 2003, between Assignor and Assignee (the "Farmout Agreement If there is a conflict between the terms of this Assignment and the Farmout Agreement, the terms of the Farmout Agreement shall control and not be deemed to have merged into the terms of this Assignment. C. This Assignment is subject to the terms, provisions and covenants of the Leases, all Lease burdens of record on July 31, 2003, all existing and effective pooling, communitization and unitization agreements and all other contracts, agreements and instruments related to the Wellbore Interests to the extent the same are of record on July 31, 2003 or identified in the Farmout Agreement. 2 D. Assignee agrees to perform all obligations, express or implied, of Assignor under the Leases insofar as such obligations are applicable to the Wellbore Interests. E. To the extent permitted by law, Assignee shall be subrogated to Assignor's rights, to the extent of the Wellbore Interests, in and to representations, warranties and covenants given with respect to the Leases. Assignor grants and transfers to Assignee, its successors and assigns, to the extent so transferable and permitted by law, the benefit of and the right to enforce the covenants, representations and warranties, if any, which Assignor is entitled to enforce with respect to the Leases, but only to the extent not enforced by Assignor. F. The references herein to liens, encumbrances, burdens, defects and other matters shall not be deemed to ratify or create any rights in third parties or merge with, modify or limit the rights of Assignor or Assignee as between themselves, as set forth in the Farmout Agreement. G. Unless provided otherwise, all recording references in Exhibit A hereto are to the official real property records of the county in which the Lands are located. H. Separate governmental forms of assignment of the Wellbore Interests may be executed on officially approved forms by Assignor to Assignee, in sufficient counterparts to satisfy applicable statutory and regulatory requirements. Those assignments shall be deemed to contain all of the exceptions, reservations, warranties, rights, titles, power and privileges set forth herein as fully as though they were set forth in each such assignment. The interests conveyed by such separate assignments are the same, and not in addition to, the Wellbore Interests conveyed herein. I. This Assignment binds and inures to the benefit of Assignor and Assignee and their respective successors and assigns. J. This Assignment may be executed in counterparts, each of which shall be deemed to be an original instrument, but all of which together shall constitute but one instrument. EXECUTED on the dates contained in the acknowledgments of this Assignment, to be effective for all purposes as of the Effective Time. 3 ASSIGNOR: BP AMERI Stacey J. Garvin Attorney in Fact DUCTION COMPY STATE OF TEXAS COUNTY OF HARRIS pY AUDREY BROOKS o B Notary �o public, State of Texas ".i� My Commission Expires Decembe 08, 2010 STATE OF COLORADO CITY AND COUNTY OF DENVER Acknowledgements This instrument was acknowledged before me on this 20 day of October 2009, by Stacey J. Garvin, as Attorney -in -Fact of BP America Production Company, a Delaware corporation, for and on behalf of said corporation. The foregoing instument was acknowledged before me this 2002, by J. Michael Schween, as agent and attorney -in -fact of EOG Resources, Inc. a Delaware corporation. Witness my hand and official seal. My Commission expires: CV-.1 4 i 12 s day of Onka EOG Assignment Tripp 14 -7 Well October 20, 2009 EXHIBIT "A" ATTACHED TO AND MADE A PART OF THAT CERTAIN WELLBORE ASSIGNMENT BY AND BETWEEN BP AMERICA PRODUCTION COMPANY, AS ASSIGNOR AND EOG RESOURCES, INC., AS ASSIGNEE "LANDS" Lands in Frontier Formation Drilling and Spacing Unit approved by the Wyoming Oil Gas Conservation Commission under Order 378 -2004 and subject to Communitization Agreement WYW- 168925, effective September 1, 2007: Township 19 North, Range 112 West Section 13: S /2SW /4NW /4, N /2NW /4SW /4 Section 14: N /2NE /4SE/4, S /2SE /4NE/4 Consisting of 80.00 acres, more or less Lands in Dakota Formation Drilling and Spacing Unit approved by the Wyoming Oil Gas Conservation Commission under Order 60 -2005 and subject to Communitization Agreement WYW- 168926, effective June 1, 2005: Township 19 North, Range 112 West Section 13: SW /4NW /4, NW /4SW /4 Section 14: NE /4SE /4, SE /4NE /4 Consisting of 160.00 acres, more or less Lands subject to Frontier Formation Communitization Agreement WYW- 122574, effective June 1, 1980: Township 19 North, Range 112 West Section 14: All Lands subject to Dakota Formation Communitization Agreement WYW- 168927, effective December 30, 1999: Township 19 North, Range 112 West Section 14: All Lands Subject to Bruff Unit Frontier Formation Participating Area "A" Lincoln County, Township 19 North, Range 112 West Wyoming Section 21: SE/4 Section 22: SE /4NW /4, SW /4 Section 27: NW /4 Section 28: NE /4 Sweetwater County, Township 19 North, Range 112 West Wyoming Section 14: S /2SW /4, SE /4 Section 22: E/2 Section 23: W /2, W /2E/2, E /2NE /4, NE /4SE /4 Section 24: NW /4, NW /4SW /4 Section 26: NW /4NW /4 Section 27: N /2NE /4 5 Unit Lease Gross BP Lease Tract Number Lessor Legal Description Acres Number EXHIBIT "A" ATTACHED TO AND MADE A PART OF THAT CERTAIN WELLBORE ASSIGNMENT BY AND BETWEEN BP AMERICA PRODUCTION COMPANY, AS ASSIGNOR AND EOG RESOURCES, INC., AS ASSIGNEE BP Lease Number: Lessor: Lessee: Recording: Lease Date: County: State: Legal Description: "LEASE" 600284 Champlin Petroleum Company Amoco Production Company Book 623, Page 605 June 10, 1976 Sweetwater Wyoming T19N -R112W Sec 13: W /2, SE /4 Containing 480.00 acres, more or less Sweetwater County, Wyoming 6 Bruff Unit Frontier Formation Participating Area "A" Leases: FEE LANDS 13 Fee Champlin Petroleum Township 19 North, Range 112 West 500.00 600148 Company Section 21: SE /4 Section 23: W /2E/2, NE /4SE /4, NE /4NW /4 Section 27: W /2NW /4, W /2SE /4NW /4