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HomeMy WebLinkAbout873313RECEIVED LINCOLN COUNTY CLERK POOLING AGREEMENT AND STIPULATBDI 3F"3KING AND ROYAL71 I Tlf 9EjT j, ; 3 7 J BOOK~pR PAGE_ 561 WHEREAS, QUESTAR EXPLORATION AND PRODUCTION COMPANY ("QUEST a ' i ~t~,. q! Sfffl is 1331 Seventeenth Street, Suite 800, Denver, CO 80202, and NORTH AMERICAN RESOURCES COMPANY ("NARCO"), whose address is 16 East Granite, Butte, Montana 59701, are the owners of, undivided working interests in and to that certain Oil and Gas Lease dated November 12, 1976, recorded in Book 133, Page 582, in the records of the Clerk and Recorder, Lincoln County, Wyoming, by and between Union Pacific Railroad Company, as Lessor, and Amoco Production Company as Lessee, insofar as it covers the following described land, situated in Lincoln County, State of Wyoming, to-wit: Tract 1 Township 19 North, Range 113 West. V1 P.M. Section 33: W'/2, SE% Containing 480 Acres, more or less WHEREAS, the Oil and Gas Lease is subject to a 15% landowners royalty interest. In addition, the working interest of North American Resources Company is further burdened by a 1.5% net override in favor of Questar against the working interest of NARCO. WHEREAS, RME LAND CORP. ("RMELC"), whose address is P.O. Box 1330, Houston, Texas, 77251- 1330 is the owner of an unleased mineral interest in and to that certain tract of land situated in Lincoln County, State of Wyoming, to wit: Tract 2 Township 19 North, Range 113 West, 61h P. M. Section 33: NE% Containing 160 Acres more or less Said unleased royalty is subject to a 20% landowners royalty interest as set forth in Exhibit "T' to the Verne Valley Unit Operating Agreement. WHEREAS effective January 13, 1998 the above tracts became, and are now, part of the Verne Valley Federal Unit and the undersigned parties are desirous of pooling their individual working and royalty interests insofar only as it pertains to all of Section 33, Township 19 North, Range "I 13 West, 6`n P.M. NOW, THEREFORE, in consideration of the sum of ONE DOLLAR ($1.00) and mutual advantages to be derived hereunder, the undersigned parties do hereby agree, declare and stipulate that for all purposes (i) the working interest covering all of Section 33, Township 19 North, Range 113 West as to all depths is as follows: COMPANY WORKING INTEREST RME Petroleum Company 25.0% Questar Exploration and Production Company 37.5% North American Resources Company 37.5% and, (ii) the basic royalty interest covering all depths within all of Section 33, Township 19 North, Range 113 West, 611 P.M., which will be borne by each working interest party as to it's working interest share, is 16.25%. In addition, pursuant to the terms of the Exploration Agreement dated effective May 19, 1997 between Questar's predecessor, Celsius Energy Company, and NARCO, Questar is the owner of an overriding royalty interest against the working interest of NARCO equal to a net 1.5% which is also pooled hereunder and will be borne solely by NARCO's working interest. Based on these facts, the net revenue interest of each working interest party in Section 33, Township 19 North, Range 113 West, 6" P.M. is as follows: 562 COMPANY RME Petroleum Company/RME Land Corp. Questar Exploration and Production Company North American Resources Company NET REVENUE INTEREST 37.18750% 32.53125% 30.28125% AND FURTHER, the undersigned parties, and each of them, do hereby grant, bargain, sell and convey to the other, whatever interest is necessary to effectuate the purpose of this instrument. THIS instrument is binding upon and is effective as to the interest of each party subject to the proper execution by all the parties for so long as any of said lands are committed to the Verne Valley Federal Unit and for so long thereafter as a well which is capable of production in paying quantities is located in Section 33, T1 9N, R1 13W, 61' P.M., Lincoln County, Wyoming. In the event the Verne Valley Unit Operating Agreement is no longer applicable as to these lands but the Oil and Gas lease covering Tract 1 remains in effect pursuant to the terms and conditions of the Land Grant Settlement Agreement entered into August 20, 1990, by and between Amoco Production Company and Union Pacific Resources Company, predecessor to RME Petroleum Company, then the parties will enter into a Joint Operating Agreement as provided for in the Land Grant Settlement Agreement. In the event less than all parties execute this agreement, this Stipulation and Cross Assignment shall be null and void and of no force and effect. This Agreement may be executed in separate counterparts and all counterparts taken together shall be deemed to constitute one and the same instrument. IN WITNESS WHEREOF, we sign this / day of 2001, but effective for all purposes January 13, 1998. QUESTAR EXPLORATION AND PRODUCTION COMPANY ,,µd' AmOved: By: G. . Nord loh L"A Its: President & CEO NORTH AMERICAN RESOURCES COMPANY By: James J. Benner Its: President & Chief Operating Officer RME PETROLEUM COMPANY By: Its: Attorney-in-Fact RME LAND CORP. By: Its: Attorney-in-Fact I I STATE OF COUNTY OF ) 563 On this day of. , 2001, before me the undersigned, a Notary Public in and for said county, personally came James J. Benner, President and Chief Operating Officer of North American Resources Company, to me personally known to be the President and Chief Operating Officer and the identical person whose name is affixed to the above instrument, and acknowledges the execution thereof to be his voluntary act and deed as such officer and the voluntary act and deed of the said North American Resources Company. Witness my hand and Notarial Seal at In said county the day and year last above written. My Commission expires Notary Public STATE OF UTAH ) )SS. Nord Ioh COUNTY OF SALT LAKE ) On this day of GiJV 2001, before me the undersigned, a Notary Public in and for said county, personally came G.L. doh President and Chief Operating Officer of Questar Exploration and Production Company, to me personally know to be the President and Chief Operation Officer and the identical person whose name is affixed to the above instrument, and acknowledged the execution thereof to be his voluntary act and deed as such officer and the voluntary act and deed of the said Questar Exploration and Production Company. Witness my hand and Notarial Seal at C]~ilAf" 14A k- in said county the day and year last above written. My Commission expires Notary' Public STATE OF ) )SS. COUNTY OF ) On this day of 2001, before me the undersigned, a Notary Public in and for said county, personally came , Attorney -In-Fact of RME Petroleum Company, to me personally know to be the Attorney-In-Fact the identical person whose name is affixed to the above instrument, and acknowledged the execution thereof to be his voluntary act and deed as such officer and the voluntary act and deed of the said RME Petroleum Company. Witness my hand and Notarial Seal at in said county the day and year last above written. My Commission expires Notary Public STATE OF ) )SS. COUNTY OF On this day of 2001, before me the undersigned, a Notary Public in and for said county, personally came Attorney -In-Fact of RME Land Corp., to me personally know to be the Attorney-In-Fact the identical person whose name is affixed to the above instrument, and acknowledged the execution thereof to be his voluntary act and deed as such officer and the voluntary act and deed of the said RME Land Corp. Witness my hand and Notarial Seal at in said county the day and year last above written. My Commission expires Notary Public H:IPIDOC W GMT 1VmVtyPIng6StpttMgmt. wpd 0873313 COMPANY RME Petroleum Company/RME Land Corp. Questar Exploration and Production Company North American Resources Company 37.18750% 32.53125% 30.28125% 564 AND FURTHER, the undersigned parties, and each of them, do hereby grant, bargain, sell and convey to the other, whatever interest is necessary to effectuate the purpose of this instrument. THIS instrument is binding upon and is effective as to the interest of each party subject to the proper execution by all the parties for so long as any of said lands are committed to the Verne Valley Federal Unit and for so long thereafter as a well which is capable of production in paying quantities is located in Section 33, T1 9N, RI 13W, 611 P.M., Lincoln County, Wyoming. In the event the Verne Valley Unit Operating Agreement is no longer applicable as to these lands but the Oil and Gas lease covering Tract 1 remains in effect pursuant to the terms and conditions of the Land Grant Settlement Agreement entered into August 20, 1990, by and between Amoco Production Company and Union Pacific Resources Company, predecessor to RME Petroleum Company, then the parties will enter into a Joint Operating Agreement as provided for in the Land Grant Settlement Agreement. In the event less than all parties execute this agreement, this Stipulation and Cross Assignment shall be null and void and of no force and effect. This Agreement may be executed in separate counterparts and all counterparts taken together shall be deemed to constitute one and the same instrument. IN WITNESS WHEREOF, we sign this 11th day of April 2001, but effective for all purposes January 13, 1998. QUESTAR EXPLORATION AND PRODUCTION COMPANY By: G.L. Nordloh Its: President & CEO NORT ERICAN RESOURCES COMPANY James J. Benner Its: Vice President, U. S. Operations RME PETROLEUM COMPANY By: Its: Attorney-in-Fact RME LAND CORP. By: Its: Attorney-in-Fact NET REVENUE INTEREST US'733 STATE OF COLORADO CITY AND OF DENVER ss. 56,.1 • 8F ? 'WIE, on this day of April, 2001 personally appeared James J. Benner in his capacity as . 'toy re~rdent U. S. Operations of North American Resources Company and did swear that he j' e ylted_; a lroregoing instrument on behalf of said corporation. IN WITNESS WHEREOF, I have r~nto.*+ jny hand and affixed my notarial seal this 11 th day of April, 2001. ..IV13c.C'prrtission Expires: Deceiber 5, 2001 Notary Public "ot STATE OF UTAH ) )SS. COUNTY OF SALT LAKE ) On this day of , 2001, before me the undersigned, a Notary Public in and for said county, personally came G.L. Norloh, President and Chief Operating Officer of Questar Exploration and Production Company, to me personally know to be the President and Chief Operation Officer and the identical person whose name is affixed to the above instrument, and acknowledged the execution thereof to be his voluntary act and deed as such officer and the voluntary act and deed of the said Questar Exploration and Production Company. Witness my hand and Notarial Seal at irl said county the day and year last above written. My Commission expires STATE OF COUNTY OF Notary Public )SS. On this day of 2001, before me the undersigned, a Notary Public in and for said county, personally came , Attorney -In-Fact of RME Petroleum Company, to me personally know to be the Attorney-In-Fact the identical person whose name is affixed to the above instrument, and acknowledged the execution thereof to be his voluntary act and deed as such officer and the voluntary act and deed of the said RME Petroleum Company. Witness my hand and Notarial Seal at in said county the day and year last above written. My Commission expires Notary Public STATE OF ) )SS. COUNTY OF ) On this day of 2001, before me the undersigned, a Notary Public in and for said county, personally came , Attorney -In-Fact of RME Land Corp., to me personally know to be the Attorney-In-Fact the identical person whose name is affixed to the above instrument, and acknowledged the execution thereof to be his voluntary act and deed as such officer and the voluntary act and deed of the said RME Land Corp. Witness my hand and Notarial Seal at in said county the day and year last above written. My Commission expires Notary Public H: 1P1D0C14GM71VmV1yPMg6 SfpRnAgmt wpd 1.3S73.313 COMPANY RME Petroleum Company/RME Land Corp. Questar Exploration and Production Company North American Resources Company 37.18750% 32.53125% 30.28125% 566 AND FURTHER, the undersigned parties, and each of them, do hereby grant, bargain, sell and convey to the other, whatever interest is necessary to effectuate the purpose of this instrument. THIS instrument is binding upon and is effective as to the interest of each party subject to the proper execution by all the parties for so long as any of said lands are committed to the Verne Valley Federal Unit and for so long thereafter as a well which is capable of production in paying quantities is located in Section 33, T1 9N, R1 13W, 6" P.M., Lincoln County, Wyoming. In the event the Verne Valley Unit Operating Agreement is no longer applicable as to these lands but the Oil and Gas lease covering Tract 1 remains in effect pursuant to the terms and conditions of the Land Grant Settlement Agreement entered into August 20, 1990, by and between Amoco Production Company and Union Pacific Resources Company, predecessor to RME Petroleum Company, then the parties will enter into a Joint Operating Agreement as provided for in the Land Grant Settlement Agreement. In the event less than all parties execute this agreement, this Stipulation and Cross Assignment shall be null and void and of no force and effect. This Agreement may be executed in separate counterparts and all counterparts taken together shall be deemed to constitute one and the same instrument. IN WITNESS WHEREOF, we sign this 14- day of 2001, but effective for all purposes January 13, 1998. QUESTAR EXPLORATION AND PRODUCTION COMPANY By: G.L. Nordloh Its: President & CEO NORTH AMERICAN RESOURCES COMPANY By: James J. Benner Its: President & Chief Operating Officer RME T E M OMPANY Its: Attorney-in-Fact NET REVENUE INTEREST Its: Attorney-in-Fact 08 73.313 STATE OF ) )SS. COUNTY OF ) 567 On this day of , 2001, before me the undersigned, a Notary Public in and for said county, personally came James J. Benner, President and Chief Operating Officer of North American Resources Company, to me personally known to be the President and Chief Operating Officer and the idertical person whose name is affixed to the above instrument, and acknowledges the execution thereof to be his voluntary act and deed'as such officer and the voluntary act and deed of the said North American Resources Company. - "k Witness my hand and Notarial Seal at In said county the day and(year last above written. My Commission expires Notary Public STATE OF UTAH ) )SS. COUNTY OF SALT LAKE ) On this day of , 2001, before me the undersigned, a Notary Public in and for said county, personally came G.L. Norloh, President and Chief Operating Officer of Questar Exploration and Production Company, to me personally know to be the President and Chief Operation Officer and the identical person whose name is affixed to the above instrument, and acknowledged the execution thereof to be his voluntary act and deed as such officer and the voluntary act and deed of the said Questar Exploration and Production Company. Witness my hand and Notarial Seal at in said county the day and year last above written. My Commission expires Notary Public STATE OF TEY.i4S )SS. COUNTY OF 44,q L/LI S ) On this day of d,/~ 2001, before me the undersigned, a Notary Public in and for said county, personally came 06,04> m, 11')C ,oroM0&1 , Attorney -In-Fact of RME Petroleum Company, to me personally know to be the Attorney-In-Fact the identical person whose name is affixed to the above instrument, and acknowledged the execution thereof to be his voluntary act and deed as such officer and the voluntary act and deed of the said RME Petroleum Company. Witness my hand and Notarial Seal at Q~~rrF~s~~Lf'>y~'anayear' la~t above written. My Commission expires ,3-//-02-00 r STATE OF 7"EXA S ) )SS. COUNTY OF ~UA4jea2/S ) REGINA WHITE NOTARY PUBLIC, STATE OF TEXAS MY COMMISSION EXPIRES MARCH 11, 2005 On this JL°~kday of D►^I / , 2001, before me the undersigned, a Notary Public in and for said county, personally came -RoiS~IGy' 1'>7. Me_C'_om,*non/ , Attorney -In-Fact of RME Land Corp., to me personally know to be the Attorney-In-Fact the identical person whose name is affixed to the above instrument, and acknowledged the execution thereof to be his voluntary act and deed as such officer and the voluntary act and deed of the said RME Land Corp. rr{.~rrrrrrrr.~~rirrr.~rrrr Witness my hand and Notarial Seal at YP id count~yy the day and ear la t above written. 01 `a, REGINA WHITE 1 l = NOTARY PUBLIC, STATE OF TEXAS ll y MY COMMISSION EXPIRES My Commission expires 1 000S MARCH 11, 2005 Notarybl is lYrrr~f. rrr..~ rrr✓~✓rrrr✓rr✓r.~ H:IPIDOCIAGMTVmVIyPing& StpRnAgmt wpd