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HomeMy WebLinkAbout953402ASSIGNMENT AND AGREEMENT WHEREAS, JESSE GAULT d /b /a JESSE GAULT CONSTRUCTION "GAULT filed a Lien Statement dated April 16, 1984 recorded in Book 213 PR, Page 99 of the records of Lincoln County, Wyoming, claiming a lien on the well and lands described below, including the oil and gas leasehold estate associated with such well; WHEREAS, UPDIKE BROTHERS, INC. "UPDIKE filed a Notice of and Claim for Lien dated March 14, 1984 in the amount of $13,802.46 recorded in Book 211 PR, Page 292 in the records of Lincoln County, Wyoming, claiming a lien on the well and lands described below, including the oil and gas leasehold estate associated with such well; WHEREAS, the wells and lands subject to the above described lien claims are as follows: Township 26 North, Range 111 West, 6th P.M. Section 17: NW /4 Lincoln County, Wyoming (Hanson Federal 10 -17) WHEREAS, these lien claims are subject to the Debtors' Second Amended Consolidated Plan of Reorganization (hereinafter the "Plan in the jointly administered cases of In re: Energetics, Inc., Case No. 84 -B -5326 C, and In re: Energetics Operating Company, Case No. 84 -B -5325 C, United States Bankruptcy Court for the District of Colorado. Under Section 5.4 of the Plan, General Atlantic Energy Corporation "GAEC formerly ITR Petroleum, Inc., may transfer its interest in a well to the lien claimants in order to satisfy those lien claims against the interests of EOC; WHEREAS, Gault and Updike elected to receive the interest of GAEC in the Hanson Federal 10 -17 Well and pursuant to the Settlement Agreement dated March 25, 1987 between Gault and EOC and ITR Petroleum, Inc., GAEC agreed to assign its right, title and interest in the above referenced well and lands to Gault and Updike; WHEREAS, pursuant to the terms of the referenced Settlement Agreement, GAEC also agreed to assign its right, title and interest in and to the SW /4 of Section 17- 26N -111W, Lincoln County, Wyoming. NOW THEREFORE, for and in consideration of the sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, GAEC does hereby bargain, sell, assign, transfer, quitclaim and convey to the Assignees listed below in the proportions set forth beside each Assignee's name, all of GAEC's right, title and interest in and to the oil and gas lease and lands described on Exhibit "A" attached hereto and by this reference made a part hereof, including, but not limited to, the GAEC interests specifically described on Exhibit "A PERCENTAGE OF ASSIGNEE ASSIGNOR'S INTEREST Jesse Gault d /b /a Jesse Gault Construction P.O. Box 27 Farson, Wyoming 82932 Updike Brothers, Inc. P.O. Box 610 Newcastle, Wyoming 82701 RECEIVED 5/12/2010 at 10:33 AM RECEIVING 953402 BOOK: 747 PAGE: 84 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY 2.491464% 97.508536% 00 084 �_A E 1 e }.x G...N Yo b 3 't; ii and comoaraiiv;: copy tl oiiicic records on uLe BUREAU LAI MANAGEMENT THIS ASSIGNMENT IS MADE WITHOUT REPRESENTATION OR WARRANTY OF TITLE, EITHER EXPRESS OR IMPLIED. Without limiting the foregoing, this agreement is also subject to: 1. The terms and conditions of said Oil and Gas Leases, and any amendments thereto, including the landowner's royalties therein reserved, the proportionate burden of which shall be assumed and borne by Assignee. r; 2. Any and all reservations of overriding royalty 'interest` and net profits interest, be they recorded or unrecorded;-as of the date of execution of this Assignment, the proportionate burdens of which shall be assumed and borne by Assignees; and 3. The Plan of reorganization filed in the United States Bankruptcy Court, District of Colorado, Case Nos. 84- B- 53;. and 84 -B -5325 C, entered and approved by the Court and creditors effective June 28, 1985. For the same considerations, GAEC does also hereby sell, assign, transfer and convey unto Assignees all rights, titles and interest of GAEC in and to all improvements now owned by GAEC and located on these leases described on Exhibit "A including any oil, gas and /or water well located thereon; all rights, privileges and appurtenances thereto with all reversions and remainders; all equipment, apparatus, machinery and fixtures of whatever kind, nature and description belonging to GAEC which are or may be used in the conduct of operations on said lease, whether the same be considered real, personal or mixed property, including, but not limited to, casing, tubing, rods, pumps, derricks, separators, engines, motors, tanks, flow lines, valves, meters, loading racks, processing equipment, water disposal equipment, power and lighting plants, power and utility lines, sheds and warehouses, any pipelines, rights -of -way, franchises, licenses, tenements and easements owned by GAEC as are pertinent to such lease used or useful in the operation thereto. HOWEVER, GAEC HEREBY ESPRESSLY DISCLAIMS ALL WARRANTIES WITH RESPECT TO THE PROPERTIES SET FORTH HEREINABOVE, INCLUDING, BUT WITHOUT LIMITATION, ANY EXPRESS OR IMPLIED WARRANTIES OR MERCHANTABILITY OF FITNESS FOR PARTICULAR PURPOSE, SUCH THAT ALL SUCH PERSONAL PROPERTY, EQUIPMENT AND IMPROVEMENTS COVERED BY THIS INSTRUMENT ARE SOLD "AS IS, WHERE IS Separate assignments or transfers of the Interest may be executed on approved forms by or on behalf of Assignor to Assignees in sufficient counterparts to satisfy applicable statutory and regulatory requirements. Said assignments or transfers shall be deemed to contain all of the exceptions, reservations, rights, titles, powers and privileges set forth herein as though the same were fully set forth in each such assignment. The interests conveyed by such separate assignments or transfers are the same, and not in addition to, the interests conveyed herein. By acceptance of the interest conveyed herein, Gault and Updike do hereby release, quitclaim and discharge any and all claims relating in any way to the liens and the services and materials which were the subject of the liens, to the extent any such liability exists. Gault and Updike hereby accept assignment of the well and leasehold interests subject to existing operating agreements and other agreements and Gault and Updike assume all future obligations and liabilities associated with such agreements. This instrument may be executed in original counterparts to the same effect as though all parties had executed the same instrument. AU OF LAN 085 iO LIF r t r u 'id comparative parative cop% c, Gi �e: oi�ic 1 records on fil3 2 2013 ANAGEMENT 0) C n E 0 O 3 r 0 L- 0 O O L) 0 C r 0 0 N C C ro •r J 4- 0 O 0) 0 0 O 0 0 4) U 0 1 0 C O U C 0 O O O Q A, CO E co 0 04-- 4.) 0) LC) 0 N co 0 V) O) CS O r 0 ro O CV 0 i O O O 0 U O4 4-) C co O 0 L ro 4- U S- 0 4- 0 i O 0 CI. -0 O ro 4 O ro i O v 0 ro 0 w E N U B 0 O ro 0 O u) 4 0) (2.1 0 r L C ro U ro S- 1 0 4) r 0 O C'3 W 0) W W N W J OD L) n CO V) 0 0 rn ro LO N N. N CO O O L CIO 0) Lc) 4- 0 M N 0 086 ERlIFu to b T;' f ije and colj parative copy ti;; of�iciu:( records on file @ty� }t' p r O i.. "11L.., i41 l•• AN l. MANAGEMENT lEN Executed on this day of y L.,; (0,(J, 1988, but effective for all purposes as of June 28, 1985. ATTEST: Han10.t GENERAL ATLANTIC ENE ORPORATION Sam D. Winegr:d Vice President, Land JESSE GAULT d /b /a JESS GAULT CONSTRUCTION x�V- U�' BROTHERS, INC. 42. a ,4I. 4 G s ts :mot:- 7 By: it L' //3 t;`/ Title: r- .s 1?,--; 'T By CERTIFICATE OF COMPLIANCE The undersigned Assignee in the foregoing assignment certifies that it is in compliance with the qualification requirements of 43 C.F.R. subpart 3102 and the acreage limitations of 43 C.F.R. sections 3101.2 -1 through 3101.2 -6. CERTIFICATE OF COMPLIANCE LABARGE MINERALS, INC. The undersigned Assignee in the foregoing assignment certifies that it is in compliance with the qualification requirements of 43 C.F.R. subpart 3102 and the acreage limitations of 43 C.F.R. sections 3101.2 -1 through 3101.2 -6. UPDIKE BROTHERS, INC. Ot ill/ r. v 0 087 Eh RED 1, and carrparafivq copy of icial records on fib r OF L ND ANAG?1E["T Separate assignments or transfers of the Interest may be executed on approved forms by or on behalf of Assignor to Assignees in sufficient counterparts to satisfy applicable statutory and regulatory requirements. Said assignments or transfers shall be deemed to contain all of the exceptions, reservations, rights, titles, powers and privileges set forth herein as though the same were fully set forth in each such assignment. The interests conveyed by such separate assignments or transfers are the same, and not in addition to, the interests conveyed herein. By acceptance of the interest conveyed herein, Gault and Updike do hereby release, quitclaim and discharge any and all claims relating in any way to the liens and the services and materials which were the subject of the liens, to the extent any such liability exists. Gault and Updike hereby accept assignment of the well and leasehold interests subject to existing operating agreements and other agreements and Gault and Updike assume all future obligations and liabilities associated with such agreements. This instrument may be executed in original counterparts to the same effect as though all parties had executed the same instrument. Executed on this h day of )e<44 effective for all purposes as of June 28, 1985. ATTEST: alep h owe 5ecre ary ATTEST: Secretary -3- ENE -TICS OPERATIN Donald L. Peterson, President JESSE GAULT d /b /a JESSE GAULT CONSTRUCTION UPDIKE BROTHERS, INC. f r By Title -p ,G;ocC', oo :o88 1988, but id comparative copy al records on n C! AN MANAGEMENT MENT CERTIFICATE OF COMPLIANCE The undersigned Assignee in the foregoing assignment certifies that it is in compliance with the qualification requirements of 43 C.F.R. subpart 3102 and the acreage limitations of 43 C.F.R. sections 3101.2 -1 through 3101.2-6. fort014--fe ONI SZVEHNIW EDUVE U 9- Z'TOTE u5noau4 t- Z'TOT£ suoT4oas •11.3.0 £t pp suoT4e4ruWTt aBseaoe am. put ZOT£ 4aedgns •g•3'0 et 3o sa.uawaarnbaa uoT4e6T; tenb upTM aoueTtdwoo ur sr 4T 4e sar ;T4aao 4uautueTasa 5uro5aaog au4 uT aau5rssg paufTs.xapun auy HOMKIUdW00 30 HyvOI3I r o UPDIKE BROTHERS, INC. WHEREAS, the wells and lien claims are as follows: ASSIGNMENT AND AGREEMENT WHEREAS, JESSE GAULT d /b /a JESSE GAULT CONSTRUCTION "GAULT filed a Lien Statement dated April 16, 1984 recorded in Book 213 PR, Page 99 of the records of Lincoln County, Wyoming, claiming a lien on the well and lands described below, including the oil and gas leasehold estate associated with such well; WHEREAS, UPDIKE BROTHERS, INC. "UPDIKE filed a Notice of and Claim for Lien dated March 14, 1984 in the amount of $13,802.46 recorded in Book 211 PR, Page 292 in the records of Lincoln County, Wyoming, claiming a lien on the well and lands described below, including the oil and gas leasehold estate associated with such well; Township 26 North, Range 111 Section 17: NW /4 Lincoln County, Wyoming (Hanson Federal 10 -17) c o1-,. ;J®90 West, 6th P.M. lands subject to the above de t!,.� er �o Cc fro anc' co h official al records on file FLAN MANAMA WHEREAS, these lien claims are subject to the Debtors' Second Amended Consolidated Plan of Reorganization (hereinafter the "Plan in the jointly administered cases of In re: Energetics, Inc., Case No. 84 -B -5326 C, and In re: Energetics Operating Company, Case No. 84 -B -5325 C, United States Bankruptcy Court for the District of Colorado. Under Section 5.4 of the Plan, Energetics. Operating Company "EOC may transfer its interest in a well to the lien claimants in order to satisfy those lien claims against the interests of EOC; WHEREAS, Gault and Updike elected to receive the interest of EOC in the Hanson Federal 10 -17 Well and pursuant to the Settlement Agreement dated March 25, 1987 between Gault and EOC and .ITR Petroleum, Inc., EOC agreed to assign its right, title and interest in the above- referenced well and lands to Gault and Updike; WHEREAS, pursuant to the terms of the referenced Settlement Agreement EOC also agreed to assign its right, title and interest in and to the SW /4 of Section 17- 26N -111W, Lincoln County, Wyoming. NOW THEREFORE, for and in consideration of the sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, EOC does hereby bargain, sell, assign, transfer, quitclaim and convey to the Assignees listed below in the proportions set forth beside each Assignee's name, all of EOC's right, title and interest in and to the oil and gas lease and lands described on Exhibit "A" attached hereto and by this reference made a part hereof, including, but not limited to, the EOC interests specifically described on Exhibit "A." 091 PERCENTAGE OF ASSIGNEE ASSIGNOR'S INTEREST Jesse Gault d /b /a Jesse Gault Construction P.O. Box 27 Farson, Wyoming 82932 Updike Brothers, Inc. 97.508536% P.O. Box 610 Newcastle, Wyoming 82701 2.491464% THIS ASSIGNMENT IS MADE WITHOUT REPRESENTATIONV OR WARRA\ITY: OF TITLE, EITHER EXPRESS OR IMPLIED. Without lim"°ting the foregoing, this agreement is also subject to: 1. The terms and conditions of said Oil and Gas Leases, and any amendments thereto, including the landowner's royalties therein reserved, the proportionate burden of which shall be assumed and borne by Assignee; 2. Any and all reservations of overriding royalty interest and net profits interest, be they recorded or unrecorded as of the date of execution of this Assignment, the proportionate burdens of which shall be assumed and borne by Assignees; and 3. The Plan of Reorganization filed in the United States Bankruptcy Court, District of Colorado, Case Nos. 84 -B -5326 C and 84 -B -5325 C, entered and approved by the Court and creditors effective June 28, 1985. For the same considerations, EOC does also hereby sell, assign, transfer and convey unto Assignees all rights, titles and interest of EOC in and to all improvements now owned by EOC and locates on these leases described on Exhibit A, including any oil, gas and/or water well located thereon; all rights, privileges and appurtenances thereto with all reversions and remainders; all equipment, apparatus, machinery and fixtures of whatever kind, nature and description belonging to EOC which are or may be used in the conduct of operations on said lease, whether the same be considered real, personal or mixed property, including, but not limited to, casing, tubing, rods, pumps, derricks, separators, engines, motors, tanks, flow lines, valve:, meters, loading racks,• processing equipment,• water disposal equipment, power and lighting plants, power and utility lines, sheds and warehouses, any pipelines, rights -of -way, franchises, licenses, tenements and easements owned by EOC as are pertinent to such lease used or useful in the operation thereto. HOWEVER, EOC HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES WITH RESPECT TO THE PROPERTIES SET FORTH HEREINABOVE, INCLUDING, BUT WITHOUT LIMITATION, ANY EXPRESS OR IMPLIED WARRANTIES OR MERCHANTABILITY OF FITNESS FOR PARTICULAR PURPOSE, SUCH THAT ALL SUCH PERSONAL PRCPERTY, EQUIPMENT AND IMPROVEMENTS COVERED BY THIS INSTRUMENT ARE SOLD "AS I S WHERE IS. V €C —r to Ere t ET� roc coir�parTive copy u d di icial records on it {e R L LAN 'R,rJV R:mpur 0 O N CO CO to v rr to W v'i O G (D (D 'l r} n w rt 0_ w Pg OQ rM DO W rt H (1 rr F O O t-� co rn H (D 0 n rr w o O 0' O w H N Cr Z o E r rt H ti 0 a 0 ay rr (D r v N 0) rt C, rt a ro x pa 0 0) 0 0 r0 00 tri 0, ttr1 p 0 n OQ (D rr rr n U D O O rr H- (1) H n ri 0 0 (D rr 0. w CL O rr OQ 0 0 0 co Qa O r o rD co 0 a O va 0 (D rt O LL 0 0) rt "CS t0 m (D m >e w VJ rr H (D 0 td M 0 MrhH w 0 C n rr rr 0' a rr w W rr 0- (D n c (D C ti Ra 0 rr (D L+ (D N 0 (A CC 0). a at co G] H. Pa On On C to 0 FJ 8 rr rfi (D rt CJ 0 rt O a O 0 co r11 rr r_ n 0' H- 0 0 092 C) 00 rx H W O 0 n O 0 N 0 (D O 0- O (D O rf rr H 1-- E rC V b 0) oQ 0 0 M lr J m C•; r 10 I� e `'r d comparativo copy iI r2 official records on fife: C c- 0- LLA "t MANAGEMENT