HomeMy WebLinkAbout887140BOOK ......... PR PAGE
F~rm Approved by Ihe Board
nnd Efftc6ve Sannary 6, 199SE1
STATE OF WYOMING
OIL AND GAS LEASE
This indenture of lease entered into by and between the State of Wyoming, acting by and through its Board of Land
Commissioners as LESSOR, and the following as LESSEE: '
Hanson & Strahn, Inc
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
snbstance~ and elements prod~ced there~with, including sulphur, hydrogen sulfide, s. ulphur dipxide, n trogen, carbon
dioxide and helinm, which may be produced from the following described land, to Wit:
Description Section Township ~an,,e
-All '
16 -.023N - :" l14W
County Lincoln Acres 640.00 Advanced Rent $64000
Together with the right of ingress and egress and the right to use so ·much of the surface of said lands as is necessar:
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 ~et out below and ~hall 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 ~Vyoming and the regulations of the Board of Lam
Commissioners adopted pnrsnant the~-eto. Provided, however, if drilling, completion, testing or-reworking operations
are b~ing diligently conducted, either during the primary term or during any extension thereof, this lease shall continu
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 States, 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, am
Title Il, 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 outon the reverse of this lease, and with all applicable state
statutory requirements and the regulations issued:fhe~eu8der, ifitiufling those providing fot:'tlie leasl,g 0t/State 6r F. arn
Loan Lands for oil and gas; the conservation of oil and gas; and the regulation.of security transactions. - ' '
Section 6. HEIRS AND SUCCESSORS IN INTEREST. It is covenanted and agreed that each obligation hereunder
shall extend to and be binding npon, 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 2 nd da
Of Oc~, 2002 A.D.
LESSOR, STATE OF WYOMING, Acting l]y and through its Board of Land Commissioners.
': ': ' :,~' ~0-k~:Attest RequSred
STATE L~,NDS AND
INYESTIjENTS
~00~ O~T 30 ~1~ 10 08