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HomeMy WebLinkAbout898964 RECORDED 5.xlgx2004 AT 09:08 AM REC# 1400476 BK# 0996 PC# 0082 LORETTA BAILIFF, CLERK of SNEETWATER COUNTY, WY P~e I of 12 MORTGAGE, SECURITY AGREEMENT, ASSIGNMENT FINANCING STATEMENT AND FIXTURE FILING THIS MORTGAGE, SECURITY AGILEEMENT, ASSIGNMENT, FINANCING STATEMENT AND FIXTURE FILING (this "Instrument") between the Debtor: 30873 '-' ,.~c.o~m Fi.A~ 2'7 ~ood. Crown Oil & Gas Company, Inc. 273 Highway 235 La Barge, WY 83123 and the Secured Party: VERNON T. DELGADO FAMILY LIMITED PARTNERSHIP P.O. Box 519 Pinedale, WY 82941; 1N CONSIDERATION of the sum of ten dollars ($10.00) in hand paid by Secured Party to Debtor and of the mutual promises contained herein, and for other !~!~56d and valuable consideration, the receipt and sufficiency of which are hereby ~!¢knowledged, the parties hereby agree as follows: i~:::' Debtor is currently indebted to Secured Party under the following loan: ~-~ Original Amount: $915,020.00 < ~! Dated 3/9/03 (The above being hereinafter referred to as the Note.) Debtor's obligations under the Note are intended to be secured by the liens, security interests and assignments granted pursuant to this Instrument. All of the property described under 1 through 7 below is herein collectively called the '"Collat eral"' 1. All of the right title and interest of Debtor, whether now owned or hereafter acquired (the "Interests"), in and to all of the fee estates, easements, rights of way, mineral estates, leasehold estates, oil and gas leases, oil, gas and mineral leases, licenses, subleases and sublicenses described or referred to in Exhibits "A" and "B" attached hereto and made a part hereof or covering or relating to all or any part of the land described in Exhibits "A" and "B" and in and to any other interests covering or relating to all or any part of the land described in Exhibits "A" and "B" or the description of which is incorporated in Exhibits "A" and "B" (the "Land"); 2. All of the oil, gas, casinghead gas and other hydrocarbons, whether solid, liquid or gaseous, and all other associated or related substances ("Hydrocarbons") owned by Debtor and attributable to any of the Interests; 3. All of the items incorporated as part of or attributed or affixed to any of the real property included in the Interests, in such a manner that such items are no longer personal property under the laws of the state where the property is situate; 4. All of the inventory, accounts, contract rights and general intangibles of Debtor, now or hereafter arising, in connection with the Interests, including Without limitation those arising under any contract or agreement relating to the production, treatment, storage, transportation, manufacture or sale of HydrOcarbons; 5. Ali of the severed and extracted Hydrocarbons now or hereafter owned by Debtor and heretofore or hereafter produced from or attributed to any of the Interests; RECORDED 5,'19-'2004 AT 09:00 AM REC# 14084?6 I~K# 8996 PG# 8085 LORETTA I~AILIFF~ CLERK of S~EETI4AT£R COU~TY~ WY P~ge 2 o~' 12 6. All of the fixtures, rights, privileges, benefits, hereditaments and appurtenances in any way belonging, incidental or appertaining to any of the property described under Paragraphs 1 through 5 above; and 7. Secured Party is aware that there is a preexisting security on the collateral described in SectionS 1 through 6 above held by First National Bank of Pinedale. 8. The equipment listed in Exhibit "C, C-1" as attached hereto. 9. All of the proceeds and products of the property described under Paragraphs 1 through 8 above. IN CONSIDERATION of the sum often dollars ($10.00) in hand paid to Debtor, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Debtor hereby: A. Grants, bargains, assigns, transfers, Pledges, mortgages and grants a security interest in the Collateral to Secured Party, WITH POWER OF SALE pursuant to this Instrument and applicable law; TO HAVE AND TO HOLD the Collateral to Secured Party and its successors and assigns forever, subject to all of the terms, conditions, covenants and agreements herein set forth, for the security and benefit of Secured Party; and, B. Assigns to Secured Party all of the severed and extracted Hydrocarbons produced from or attributed to any of the Collateral, together with all amounts that become payable to Debtor with respect to any of the Collateral, whether now owned or hereafter acquired, and all of the proceeds thereof. ARTICLE I Obligations Section 1.1 This Instrument is executed, acknowledged and delivered by Debtor to secure and enforce the following obligations (herein called the "obligations"): A. Payment of and perlbnnance of all obligations of Debtor under or in connection with the Note. B. All indebtedness, liabilities and obligations of Debtor to Secured Party of every kind and character, now existing or hereafter arising. C. All other indebtedness, liabilities and obligations of Debtor to Secured Party of every kind and character, now existing or hereafter arising, whether direct or indirect, primary or secondary, joint, several or joint and several (including, without limitation, any and all obligations of Debtor to Secured Party for fees, costs and expenses pursuant to or in connection with any loan agreements now or hereafter in force). D. Pay~nent of all sums advanced and costs and expenses incurred by Secured Party, whether directly or indirectly, in connection with the Note described in this Section 1.1.A or any part thereof; E. All renewals, extensions, amendments and changes of, or substitutions or replacements for, all or any part of the items described under A through D above. RECORDED 3/19/~004 AT 09:00 AM REC# 1408476 I~K# 0996PG# 00B4 LOR£TTA I~AIL.IFF, CLERK of SWEEIWATER COU~T¥, WY Po~e 5 of 12 ARTICLE II Warranties, Representations and Covenants Section 2.1 Debtor warrants, represents and covenants to and with Secured Party that: (a) Debtor is the lawful owner of good and defensible title to the Collateral, free and clear of all liens, security interests, encumbrances and burdens; and (b) Debtor will forever defend the title to the Collateral against the claims of all persons whomsoever claiming or to claim the same or any part thereof, Section 2.2 Debtor covenants that, so long as any part of the Note remains unpaid or unsatisfied, unless Secured Party shall have otherwise consented in writing; A. Debtor shall promptly and, insofar as not contrary to applicable law, at Debtor's own expense, file and refile in such offices, at such times and as often as may be necessary, this Instrument and every other instrument in addition or supplemental hereto, including applicable financing statements, as may be necessary to create, perfect, maintain and preserve the lien, encumbrance and security interest intended to be created hereby and the rights and remedies of Secured party hereunder; B. Debtor shall execute, acknowledge and deliver to Secured Party such other and further instruments and do such other acts as in the reasonable opinion of Secured Party may be necessary or desirable to more fully identify and subject to the lien, encumbrance and security interest and assignment created hereby any property intended by the terms hereof to be covered hereby, to assure the first priority thereof, and otherwise to effect the intent of this Instrument, promptly upon request of Secured Party and at Debtor's expense; and, C. If the title, interest, lien or encmnbrance, as the case may be, of Debtor or Secured Party to the Collateral or any part thereof, or the security of this Instrument, or the rights or powers of Secured Party hereunder, shall be attacked, either directly or indirectly, or if any legal proceedings are commenced .involving Debtor or the Collateral, Debtor shall promptly give written notice thereof to Secured Party and at Debtor's own expense shall take all reasonable steps diligently to defend against any such attack or proceedings; and Secured party may take such independent action in connection therewith as it may in its discretion deem advisable, and all costs and expenses, including, without limitation, reasonable attorney's fees and legal expenses, incurred by Secured Party in connection therewith shall be a demand obligation owing by Debtor to Secured Party, shall bear interest at the rate provided in the Note, and shall be a part of the Note. D. Debtor shall provide at closing and at all time during this contract period property hazard insurance on the Collateral described in Section 8 of the Collateral description. This property shall be insured at fair market value. This insurance shall name the Secured Party as an additional loss payee and shall provide that the policy shall not be canceled without prior notice to the Secured Party. The loss payable clause shall be made payable to the Secured Party and Debtor as their interest may appear. In the event of a loss, the proceeds thereof shall be used forthwith to remedy the damage caused by the loss and/or in the event the Debtor elects not to repair said damage, the proceeds thereof shall be forthwith applied to payment of the balance due under the terms of the Note and the application of said insurance funds to the payment of the remaining balance shall be in addition to the regularly scheduled payments provided for in'the Note. RECORI]EI) 5/1.g/~004 AT 09:00 AM R£C# 14084?6 I~K# 0996 PG# 0085 LORETTA BAILIFFi CLERK o¢ SWEETblAT£R COU~TY, WY Pq~e 4 of 12 ARTICLE III Collection of Proceeds of Production Section 3.1 Pursuant to the assigmnent made by Debtor in paragraph B. of the granting clause of this Instrument, Secured Party is entitled to receive all of the severed and extracted Hydrocarbons produced from or attributed to all of the Interests, together with all of the proceeds thereof. Debtor acknowledges and agrees that said assignment is intended to be an absolute and unconditional assignment and not merely a pledge of or creation of a security interest therein or assignment as additional security. Debtor hereby authorized and directs all parties producing, purchasing, receiving or having in their possession any such Hydrocarbons or proceeds to treat and regard SecUred Party as the party entitled, in Debtor's place and stead, to receiVe such Hydrocarbons and proceeds; and said parties shall be fully protected in so treating and regarding Secured Party and shall be under no obligation to see the application by Secured Party of any such' proceeds received by it. Section 3.2 All of the proceeds received by Secured Party pursuant ~ to Section 3.1 shall be applied by Secured Party to the obligations .secured hereby. Section 3.3 Upon any sale of any of the Collateral by or for the benefit of Secured Party pursuant to Article V, the Hydrocarbons thereafter produced from or attributed to the part of the Collateral so sold, and the proceeds thereof, shall be included in such sale and shall pass to the purchaser free and clear of the provisions of this Article. Section 3.4 Secured Party is hereby absolved from all liability fOr failure to enforce collection of any such Hydrocarbons or proceeds and from all other responsibility in connection therewith, except the responsibility to account to Debtor for proceeds actually received. Section 3.5 Debtor shall indemnify Secured Party against all claims, actions, liabilities, judgments, costs, attorney's fees and other charges of whatsoever kind or nature (herein called "Claims") made against or incurred by SecUred Party as a consequence of the assertion, either before or after the payment in full of the obligations, that Secured Party received Hydrocarbons or proceeds pursuant to this Article which were claimed by or due to .third persons. Secured Party shall have the right to employ attorneys and to defend against any Claims, and unless furnished with reasonable indemnity, Secured Party shall have the right to pay or compromise and adjust all Claims. Debtor shall indemnify and pay to Secured Party all such amounts as may be paid in respect thereof or as may be successfully adjudicated against Secured Party. The liabilities of Debtor as set forth in this Section shall survive the termination of this Instrument. Section 3.6 Nothing in this Instrument shall be 'deemed or construed to create a delegation to or assumption by Secured Party of the duties and obligations of Debtor under any agreement or contract relating, to the Collateral or~ any portion thereof, and all of the parties to any such contract shall continue to look to Debtor for performance of all covenants and other obligations and the satisfaction of all representations and warranties of Debtor thereunder, notwithstanding the assignment of production and proceeds herein made or the exercise by Secured Party, prior to foreclosure, of any of its rights hereunder or under applicable law. ARTICLE IV Termination If all of the obligations of Debtor shall be paid or performed in full pursuant to the terms and conditions of this Instrument and the instruments evidencing the obligations and if all sums due thereunder have been paid, then Secured party shall, RECORDED 5/19/~884 ~T 89:88 AM RFC# 1488476 BE# 8996 PG# 8886 LOR£TTA I~AILIFF, CLERK of SWEETWATER COUNTY, WY Pc~ge 5 o~' 12 promptly after the request of Debtor, execute, acknowledge and deliver to Debtor proper instruments evidencing thc termination of this Instrument. ARTICLE V Default Section 5.1 The occurrence of any default or event of defmdt under the Note or any other document executed in connection with the Note, shall at the option of the Secured Party make all amounts then remaining unpaid on the Note immediately due and payable, and the liens, encumbrances and security interests evidenced or created hereby shall be subject to foreclosure in any manner provided for herein or provided for by law. Section 5.2 Upon the occurrence of any Event of Default, or at any time thereafter, Secured Party may elect to treat the fixtures included in the Collateral either as real property or as personal property, but not as both, and proceed to exercise such rights as apply to the type of property selected. Section 5.3 Upon the occurrence of any Event of Default, and at all times thereafter, in addition to all other rights and remedies herein conferred, Secured Party shall have all of the rights and remedies of a mortgagee under a mortgage with respect to all of the Collateral. This Instrument shall be effective as a mortgage, and, upon the occurrence of an Event of Default, may be foreclosed as to any of the Collateral in any manner permitted by applicable law, and any foreclosure suit may be brought by Secured Party. The provisions set forth in this Section 5.3 shall not in any way limit any other provision of this Instrument. Secured Party shall, to the extent permitted by applicable law, have the right and power, but not the obligation, to enter upon and take immediate possession of the real property included in the Collateral or any part thereof, to exclude Debtor therefrom, to hold, use, operate, manage and control such rea property, to make all such repairs, replacements, alterations, additions . and improvements.to the same as Secured Party may deem proper, to sell all of the severed and extracted Hydrocarbons included in the same subject to the provisions of Article III to demand, collect and retain all other earnings, proceeds and other sums due or to become due with respect to such real property, accounting for and applying to the payment of the Note only the net earnings arising therefrom after charging against the receipts therefrom all costs, expenses, charges, damages and losses incurred by reason thereof plus interest at the rate of the Note as fully and effectually as if Secured Party were the absolute owner of such real property and without any liability to Debtor in connection therewith. Section 5.4 Upon the occurrence of any Event of Default, or at'any time thereafter, Secured Party, in lieu of or in addition to exercising any other power, right or remedy herein gran. ted or by law or equity conferred, may proceed by an action or actions in equity or at law for the seizure and sale of the real property included in the Collateral or any part thereof, for the specific performance of any covenant or agreement herein contained or in aid of the execution of any power, right or remedy herein granted or by law or equity conferred, for the foreclosure or sale of such real property or any part thereof under the judgment or decree of any court of competent jurisdiction, for the appointment of a receiver pending any foreclosure hereunder or the sale of such real property or any part thereof or for the enforcement of any other appropriate equitable or legal remedy. Section 5.5 Upon the occurrence of any Event of Default, or at any time thereafter, in addition to ali other powers, rights and remedies herein granted or by law or equity .conferred, Secured party shall have all of the rights and remedies of an assignee and secured party granted .by apPlicable law, including the Uniform Commercial Code; .and shall, to the extent permitted by applicable law, have the right C,.D £.OR£TTA BAILIFF, CLERK of S~£ETI4ATER COUNTY, ~y Pcg~ 6 of 12 and power, but not the obligation, to take possession of the personal property included in the Collateral, and for that purpose Secured Party may enter upon any premises on which any or all of such Personal property is located and take possession of and operate such personal property or remove the same therefrom. Secured Party may require Debtor to assemble such personal Property and make it available to Secured Party at a place to be designated by Secured Party which is reasonably convenient to both parties. The following presumptions shall exist and shall be deemed conclusive with regard to the exercise by Secured Party of any of its remedies with respect to persOnal property. A. Five days Prior written notice of the time and place of any public sale or of the time after Which any private sale or any other intended disposition thereof is to be made shall be reasonable notice to Debtor. No such notice is necessary if such property is perishable, threatens to decline speedily in value or is of a type customarily sold on a recognized market. B. Without in any way limiting the right and authority of Secured Party to sell or otherwise dispose of Collateral in a commercially reasonable manner, the following, or any of them', shall be considered commercially reasonable (i) Secured Party may hold a public Sale of the 'Collateral after having provided Debtor with five days notice of such sale and after having published notice of such sale by an advertisement in such publication asmay be Permitted or required under applicable state law, as Secured Party determines to be appropriate (which advertisement may be placed in the "classified" section); (ii) the Collateral may be sold for cash; (iii) Secured Party or any other person owning, directly or indirectly, any interest in any of the obligations of the Debtor hereunder may be a purchaser at such sale. ~' announcement at the time further postpone such sale postponmnent. defective or irregular sale be made from time to time the Note are paid in full. Section 5.6 Upon the occurrence of any Event of Default, or at any time thereafter, Secured Party may, with respect to all or any portion of the Collateral, subject to any mandatory requirements of applicable law, sell or have sold the real property or interests therein included in the Collateral or any part thereof at one or more sales, as an entirety or in parcels, at such place or places and otherwise in such manner and upon such notice as may be required by law or by this Instrument, or, in the absence of any such requirement, as Secured Party may deem appropriate. Secured Party may postpone the sale of such real property or interests therein or any part thereof by public and place of such sale, and from time to time thereafter may by public announcement made at the time of sale fixed by the Sale of a part of such real property or interests therein or any hereunder will not exhaust the poWer of sale, and sales may until all such property is sold without defect or irregularity or Secured Party shall have the right to appoint one or more attorney in fact to act in conduction the foreclosure sale and executing a deed to the purchaser. It shall not be necessary for any of the Collateral at any such' Sale to be physically present or constructively in the possession of Secured Party. Section 5.7 Secured Party or any other person owning, directly or indirectly, any interest in any of the Debtor's obligations here,,~- ~,,-- .... the purchaser at any sale made pursu~'~t to the r;;Ts~'~ aha,, na.ve mc. right to become p ons of this Article V and shall have the right to credit upon the amount of the bid made therefor the amount payable to it under or in connection with the Note. Recitals contained in any conveyance to any purchaser at any sale made hereunder will conclusively establish the truth and accuracy of the matters therein stated, including without limitation non payment of the Note and advertisement and conduct of such sale in the manner provide herein or provided by law. Debtor hereby ratifies and confirms all legal acts that Secured Party may do in carrying out the provisions of this instrument. Section 5.8 Debtor hereby waives and relinquishes, to the maximum extent permitted by law, and subject to any mandatory requirements of applicable law, Debtor ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ RECORDED ~/19/2004 AT 09:00 AN REC# 140047G ~BK# 099G PC# 0008 LORETTA I~AILIFF~ CLERK o? $1~EET~JATER COUNTY~ ~IY Pqge ? o? 12 . hereby agrees that Debtor shall not at any time hereafter have or assert, any right under any law pertaining to: marshalling, whether of assets or liens, the sale of property in the inverse order of alienation, the exemption of homesteads, the administration of estates of decedents, appraisement, valuation, stay, extension, redemption, subrogation, or abatement, suspension, deferment, diminution or reduction of any of the obligations (including, without limitation, setoff), now or hereafter in force. Debtor expressly agrees that Secured Party may offer the Collateral as a whole or in such parcels or lots as Secured Party, in its sole discretion elects, regardless of the manner in which the Collateral may be described. Section 5.9 All costs and expenses (including reasonable attorney,s fees, legal expenses, filing fees, incurred by Secured Party in perfecting, protecting and enforcing its rights hereunder), whether or not an Event of Default shall have occurred, shall be a demand obligation of Debtor to Secured Party and shall bear interest at the rate provided in the Note, all of which shall be part of the obligations. Section 5.10 The proceeds of any sale of the Collateral or any part thereof made t to this Article V shall be applied as follows: A. First,. to the payment of all costs and expenses incident to the enforcement of this Instrument, including, without limitation, a reasonable compensation to the agents, attorneys and counsel of Secured Party. B. Second, to the payment or prepayment of the Note, in such order as Secured Party shall elect; and, C. Third, the remainder, if any, shall be paid to Debtor or such other person or persons as may be entitled thereto by law. ARTICLE VI Miscellaneous Provisions Section 6.1 Each and every right, power and remedy hereby granted to Secured Party shall be cumulative and not exclusive, and each and every right, power and remedy whether specifically hereby granted or otherwise existing may be exercised from time to time and as often and in such order as may be deemed expedient by Secured Party, and the exercise of any such right, power or remedy will not be deemed a waiver of the right to exercise, at the same time or thereafter, any other right, power or remedy. All changes to and modifications of this Instrument must be in writing and signed by Debtor and Secured Party. Section6.2 If any provision hereof or of any of the other documents constituting, evidencing or creating all or any part of the obligations is invalid or unenforceable in any jurisdiction, the other provisions hereof or of said documents shall remain in full force and effect in such jurisdiction and the remaining provisions hereof will be liberally construed in favor of Secured Party in order to carryout the provisions hereof and of such other documents. The invalidity of any provision of this Instrument in any jurisdiction will not affect the validity or enforceability of any such provision in any other jurisdiction. Section 6.3 This Instrument will be deemed to be and may be enforced from time to time as an assignment, contract, financing statement, real estate mortgage, or security agreement and from time to time as any one or more thereof, as is appropriate under applicable state law. Section 6.4 This Instrument and the Note shall be construed under and governed by the laws of the State of Wyoming. 7 RECORDED 5xlgxZ004 AT 09:00 AM REC# 1408476 BK# 0996 PG# 8089 LORETTA ~AILIFF~ CLERK o~ SWE£TWAT£R COUNTY~ WY P~e '8 o~ 12 Section 6.5 This Instrument shall bind and inure to the benefit of the respective successors and assigns of Debtor and Secured Party. Section6.6 Secured Party shall be entitled, to enforce payment of any indebtedness and 'performance of any other of the obligations secured hereby and to exercise all rights and powers under this Instrument or under any other instrun or other agreement or any laws now or hereafter in force, nom, ithstanding the fact that some or all of said indebtedness and other obligations secured herebY may now or hereafter be otherwise secured, whether by mortgage, deed of trust, pledge, lien, assignment or otherwise. Neither the acceptance of this Instrument nor its enforcement, whether by court action or pursuant to the power of sale or other powers herein contained shall prejudice or in any manner affect Secured Party's right to realize upon or enforce any other security now or hereafter held by Secured Party, it being agreed that Secured Party shall be entitled to enforce this Instrument and any other security now or hereafter held by Secured Party in such order and manner as it may in its absolute discretion determine. ARTICLE VII .Ownership of Collateral Ownership of the collateral is not conveyed by this document and shall remain in the Debtor subject to Secured Party's rights herennder. ATTEST: EXECUTED this /7¥-0 SEAL BY: Secretary day of ,~/Z~O' ~OIL & GAS (~_.iNC.: r ~ /OMPANY, STATE OF WYOMING ) ) SS. COUNTY OF SUBLETTE ) The foregoing instrument was ac~knowledged before me by CROWN OIL & GAS COMPANY, INC, by ~fl~-~.~f~, ~~ , its (title) /:P/W_~~t- and attested to and sealed by its Secretary, this //~_~-' ~t95/' day of 7'~.~ __, WITNESS my hand and official seal. / NOTARY PUBLIC My Commission Expires: Well Name Phllllp~ Slate 2-16 Sa~ion County Une 16-1 Section Chapel 10-25 S~ion Spl~ R~ 2~ S~n ~o ~20 Spl~ R~ 31-2 S~on Bird C~n 1~27 S~n ~ ~18 S~Jon ~ ~n ~15 ~ue Fo~ ~12 S~on ~ue For~ 2~ ~om Ca~n ~on ~ne Tr~ 12~ S~lon Jefle~n F~I 2~24 ~ Cr~ 4 S~on ~ Cr~ 2 Go~ 1 S~ion Un~ 2~ ~on Un~ 32~ ~ion Un~ F~eml 2~7A ~i~ Un~ ~ ' 8~ion ~ln R~d 42~ S~on ~ln R~d 3~9 S~ion R~ir 1~1 S~on ~ptor Un~ 1~18 ~on Un~ln R~d ~18 ~ion ~coln R~d 1~7 ~c~om 1~ ~c~om ~ Hu~ F~ 1~ ~te 1~ S~to 2~ ~to ~ S~io ~ 4 3 2 1 Section ~e~-tion 1 Slate 1-16 Section I Saquam 20-12 Section 1 Slberi~ Ridge 12-2a ~ction NOTE. ] WELL 14ue LEASE I 16 T-27-N 16 T-26.N 25 T-28-N 35 T-24-N 20 T-28-N 2 T-27-N 27 T-26.N 18 T-28-N 15 T-27-N 12 T-24-N 6" T-24-N 3 'r-25-N 3/3 'ro13-N 24 T-27-N 7 TolS-N ToIS-N ? T-15-.N 8 T-15-.N T-24-N 9 T-24-N 1 T-24-N 18 T-24-N 7 T-24-N 15 T-25-N 3 T-25--N 4 T-25-.N ' 3O T-23-N 3~ T-20-N 34 T-20-N 30 T-2D-N 30 T-2D-N 3~ T-20-N 30 T-20-N 12 T-20.-N ':'8 T-22-N T-20-N Ir'ed~'ll I ~tate R-111-W 5UB/,J:: i ;,.- CO R-111-W b'WEETWATt:~ R-112-W ~JBLETI'E CO R-112-W .~tJBLt: ~ R-111-W 81.JI3t.=; ~,-CO WYW77M3 R-112-W 8UBLETrE CO WYW15747 R-111-W SWEE'TWATER WYW37670 R-111 -W 8UBLETTE CO R-111-W SUI3~= ~ i,-CO WYW54134 R-111-W 8WEETWATER .... R-110.W 8WEE'rWATER ~ R-111-W 8WEE'rWATER WYW111297 R-113-W LJ~TA GO Well APl NO. 4 6 5 83-00~11 4~037-Z231a need ~ f~ ~ ~207~ ~207~ ~207~ m f~ ~ ~2~75 ~2~13 ~7-~ 1 ~7-~1 ~7-~ R-110.W 8UBI~: z ]=CO WYW49~30 R-103.-W R-1Q3--W R-103-W R-103-W R-103-W R-103-W SW~WATER I wv_,=~__=~ I SWr.= ~WATER ~ 8WEETWA H~.~ .VV~"nNA. ~ I wYw~:2.:~ I 5W~.,WA~ r~ ~ R-95-W ~NEETWATER WYW~344 R.gg-w 8WEETWATER R-99..W 8V~AT~ R-99-VV R-99-W ~WEETWATER R-99-W ~'WI~-TWATER R-eS-W aVVEETW^*~ 4~03S.20692 4~-037-2D392 4~037-20347 4~037-.0~33 4~037-0~22B 4~037 _J~__~_ 48-O37-23701 4~037-2343~ 4~.023-20941 48-o23-2oa~4 ~ 2.__n.~L_ 5 ,48-037-22004 4~037-22545 R-111-W ~VEETWATER R-112.W 5WEE'T~VATER WYW4~317 12728 12728 12728 127'20 12726 12726 74-17407 ,48-037-22a..37 R-9~-W 8V~A~ WYW114go 48-o37-2160a R-111.W LINCOLN CO YW0309~32.A 48'023'20347 R-112-W UNCOLN CO . ne fee I~ 4e-073-20252 RECORDET~ 3/19/2004 AT 09:00 AH REC# 1408476 l~K# 0996PG# 0090 LORETTA BAILIFF, CLERK of SWEETUATER COUNTY, WY Poge 9 of 12 Yose Cattle 40-35 Haun 10-9 Haun 30-9 Champlin 2-5 Champlin 2-21 Champlin Fox Hills 1 Champlin 4-29 Champlin 8-29 Champlin 5-31 Crown Oil & Gas Company, New Wells Purchased Section 35 T28N, R112W Section 9, T26N, R111W Section 9, T26N, R111W Section 5, T19N, R98W Section 21, T20N, R98W Section 5, T19N, R98W Section 29, T29N, R99W Section 29, T20N, R99W Section 31, T20N, R98W Sublette County Sweetwater County Sweetwater County Sweetwater County Sweetwater County Sweetwater County Sweetwater County Sweetwater County Sweetwater County RECORDED ~/19/2084 AT 09:08 AN REC# 14084?6 BK# 8996 P6# 0891 LORETTA BAILIFF, CLERK o¢ $14EETHATER COUf~TY, WY Po~te 10 o¢ 12 RECORI)EI) 5/19,'2004 AT 09 00 AM REC# 1408476 I~K# 0996 PG# 0092 LORETTA I~AILIFF, CLERK o¢ $14EETI4ATER COUHTY, 14Y P~e 11 of 12 1979 Ideco H-37, s/n ALS07, with 103' - 224 KH Mast, s/n AL-1591. reconditioned, wor__kSng rig ia above average conditiom 'r]3ds isa 385,000.00 Tooled out as follows; BJ robing tongs, B.I rod rungs, rod wrenches, Cavins Type A air slips, rod elevators, elevators of 2-3/8 to 8-7/1t - 3-1/2, elevator linings. 150 ton x 108", Ideco UTB-1t0 shorty block hook combinatioa Martin-Decker pad type weight indicator, Cmiberson off saver, single. ' $ 65,000,00 2 - Toolpusher/cxmv change track mounted orr tandem axle 5th whml trailers, with 16' flatbed additional haUl/~e dee3r onba~k ~0f~. $7,500 each 15,000.00 2 - Gaso 3775 triplex pumps, unitized with 6V7I D~xoit motors and 4 speed Fuller transm/ssion. $50,000 each ' $100,000.00 1 - Waukesha VRD' generator set with 45 kw Lima geacrator mounted in 7' x 20' slddded building, complete with 50 gallon day fuel tank and electrical main switch gear. Exceptionally low hours. .. .................... ...../ $ 28,000.00' 1 - 8' x 32' two compartment mud tank w~'th manual dump.gates. $ 7,500.00 2 - Skidded 7' x 20' horizontal fuel tanks. $3,500 each $ 7,000..00 RECORBEB J/19/2084 AT 89:80 Afl REC# 1488476 like 8996 PG# 8893 LORETTA ~AILIFF, CLERK o¢ SbEET~4ATER COUI~TY, wY P~ge 12 of 12 1 - T-ioga DF-9 air hea~'r with additional air duet works. $17.500.00 1 - ?H~$ mud pump, unitized with l~.V71 Detroit motor, All/son tnmsmission and operator cab, complete as one sldddcd ~m_i_t $180,000.00 Add/dona] sttppo.~mfional eq~lgnae~lE ..... 2 - Sets pipe racks ',1 -Catwalk 1 - Beaver slide Welding equipment Mi~ellaneous wrenches (pipe, hammer, crescent, etc.) Hand tools Inventnry .of spare pans, rubber go6ds,, etc. Curreat in-effect warranty on ntunerous reconditioned components; new cab glass, tires, ~"tC;.. $11,500.00