HomeMy WebLinkAbout892325 RECEIVE[}
" LINCOLN COUNI'Y CLERK
__PRPAGE_ {~ 8 7 DEED, CONVE~(~_.A~..~ASSIGNMENT 103 ~]..Jg ~ I ~110:05
FOR VALUE RECEI~D, STATES, LTD., P.O. Box 911, Brecke~idge, TexAs 7642~zb91i.
(here~after referred to as "States"), has 2a~ferred, conveyed and assi~ed and, by ~ese present, does
hereby 2ansfer, convey ~d assi~ unto STATES ROYAL~ LIMITED PARTNERSHIP, a Texas lm~ited
par~ership, whose mating address ~ P.O. Box 911, Brecke~idge, Texas 7642&0911 (here~after referred
to as "Par~ership"), aH right, title and interest ~ and to the foHow~g described properties, here~after
sometimes referred to as "~e Properties" or "such ProperW":
'nOOK530
Mineral Properties: The Properties described in Exhibit "A" attached hereto and made a part
hereof, including, but not by way of limitation, real estate or fee land, certain producing and non-
producing oil, gas and mineral properties (excluding aH leasehold working interests not specifically
described herein), mineral rights and interests (including royalties and mineral classified land, overriding
royalties, production payments, reversionary rights and interests, carried working interests, net profit
interests and other interests payable out of production and unleased mineral interests treated as working
interests) and aH personal property, fixtures, equipment and rights related to the Properties located in the
State of Wyoming, County of Lincoln; and including any other similar property interests owned by States
even though the same are not specifically described in Exhibit "A' attached hereto, wheresoever located.
General Provisions:
(a)
The intention of this Deed, Conveyance and Assignment is to assign and convey any and
all Properties described on page I hereof owned by States whether or not specifically
described herein unless excepted herein. States agrees to execute such additional
documentation as may be necessary to carry out said intents and purposes.
(b)
As to the Properties and interests conveyed hereby, this Deed, Conveyance and
Assignment Shall be effective as of the 1st day of August, 2003. It is specifically
understood and agreed that all revenues and funds attributable to the Properties and
received after the effective date, including payments for production of oil, gas and
minerals and all escrow funds or suspended funds for any time period, shall belong to
Partnership.
(c)
States shall pay ad valorem and similar taxes on the Properties for prior years. Ad
valorem taxes and similar taxes for the current year shall be prorated between States and
Partnership as of the effective date, using taxes assessed for the last year as a basis for
estimating taxes for the current year for the purposes of such proration. Promptly after
the effective date of this Deed, Conveyance and Assignment, settlement shall be made
between States and Partnership based on such estimate of current taxes and the same
shah be binding upon both parties. Thereafter, Partnership shah be responsible for the
actual payment of ad valorem and similar taxes for the current year as to the Properties
hereby conveyed;
(d)
States shah be responsible for aH costs and expenses attributable to the Properties for
periods prior to the effective date. Partnership shall be responsible for all costs and
expenses attributable to the Properties for subsequent periods.
(e)
All the terms and provisions of this Deed, Conveyance and Assignment shall be
construed to be covenants running with the land binding upon States and Partnership
and binding any other party who may in any way succeed to any part of the interest in
the Properties hereby conveyed and assigned by States to Partnership.
(0
To expedite recording counterparts of this Deed, Conveyance and Assignment, the
counterparts to be recorded in the various counties or parishes in which the Properties
are situated will have attached thereto only partial exhibits limited to the Properties
located in that particular county or parish; provided, however, a counterpart of this
Deed, Conveyance and Assignment with complete exhibits will be on file in
Partnership's office in the city of Breckenridge, Stephens County, Texas. Even though
such exhibits may not describe all property and interests in any such county or parish of
recordation, or may incorrectly describe such property and interests, such exhibits shah
'be deemed and construed to cover, without limitation, aH property and interests
intended by this Deed, Conveyance a_nd AsSignment to be transferred, assigned and
conveyed in said county or parish.
TO HAVE AND TO HOLD the Properties and interests, together with all and singular the rights
and appurtenances thereto in anywise belonging, unto Partnership, its successors and assigns forever.
States does hereby bind itself, its successors and assigns, to warrant and forever defend all and singular
the title to the properties and rights unto Partnership, its successors and assigns, against every person
whomsoever lawfully Claiming or to claim the same or any part thereof, by, through and under States
only, and does hereby subrogate Partnership to any and all warranties that States may have relative to
the Properties and interests unto Partnership herein.
EXECUTED on the 18th day of July, 2003, but to be effective as of August 1, 2003.
Attest: ~.~ ~7~
Secretary
CRA/at
Deed.StatesRoyaltY/ 071003
STATES, LTD.
By: IBEX, INC.' General Partner
By:
Pres~d'~nt ~
STATES ROYALTY LIMITED
PARTNERSHIP
By: BRECK OPERATING CORP.,
General Partner
By:
APPROV£U
AS TO FORM
AS TO CONTEHT
A~ TO JNT£RB6T
ADMINISTRATION
THE STATE OF TEXAS
*** Acknowledgment ***
COUNTY OF STEPHENS §
· 3Z~/day
/,~ _,,?Th~ foregoing instrument was acknowledged before me, a Notary Public, on the c-~ ¢ of
..~/~ ,2003, by JOHN H. CONNALLY, President of IBEX, INC., a Texas corporation acting
in il~ capacKy as General Partner of STATES, LTD., a Texas limited partnership, on behalf of said
partnership, and as President of BRECK OPERATING CORP., a Texas corporation acting in its capacity
as General Partner of STATES ROYALTY LIMITED PARTNERSHIP, a Texas limited partnership.
NOTARY PUBLIC
STATE OF TEXAS
Notary Public, State of Texas
(Page 2 of Deed, Conveyance and Assignment from States, Ltd. to States Royalty Limited Partnership effective
August 1, 2003)
EXHIBIT "A'
Attached to Deed, Con~,eyance & Assigrunent
From States, Ltd. to States Royalty Limited Partnership
LINCOLN COUNTY, WYOMING
089
All of Assignor's fee, mineral, royalty and/or overriding royalty interests in and under the
following described lands:
Our
Number
Lease DescriPtion
21444
T-26-N, R-111-W
Sec. 30:E/2NE/4 & E/2 SE/4, from the surface down to 8830'subsurface