HomeMy WebLinkAbout875265 RECEIVED
t_IN(;OL,~ COUi',TY C[]ERK
LEASE EXTENSION AND ADVANCE ',¢¢Yol¢,lr4G
PAYMENT AGREEMENT
THIS AGREEMENT dated the 1 ~ day of February ,2001, by and between PACIFICORP an
Ore,,on Corporation, doing_ business as'. Utah Power and Light Company, whose address is 1407 West,North
Temple, Suite 110, Salt Lake City, Utah 84140, as Lessor and BARRETT RESOURCES CORPORATION~ whose
address is 1515 Arapahoe Street, Tower 3, Suite 1000, Denver,'Colorado 80202, hereinafter referred to as Lessee.
WlTNESSETH:
WHEREAS, On June 18, 1998, Lessor executed an Oil and Gas Lease recorded in Book 408, at page 409 in favor of
Lessee covering' the following described lands in Lincoln County, _Wyoming
Township 20 North, Range 116 West
Sec. 6: Lots 3(30.91, SE¼NW¼), 4(37.97, SW¼NW¼) AKA S~ANW¼
See. 19:E½
Sec. 20:W½
Sec. 29:W½
Sec. 31: E½, E½W½
Sec. 32:W½W½
Township 21North, Ra. ng~e 116 West
Sec. 21:SE¼SE¼
Sec. 27: W½NW~A, S½SW¼ Less Lots 9,10,11 of the K&G Subdivision
See. 28:NE¼NE¼
Sec. 34: Lot I(37.21, SW¼SW¼), NW¼SW¼
NOW THEREFORE, in consideration of the sum of .N. ineteen thousand seven hundred ten dollars and 90/100
~$ !9.710.90) and other.good and valuable consideration, receipt of which is hereby acknowledged, Lessor does hereby
ratify, approve, confirm and adopt the above described oil and gas lease and. any exhibits, attachments, and/or
amendments thereto ("the Lease"), and does hereby lease, grant, demise and iet the lands described on Exhibit "A"
attached hereto and made a part hereof unto Lessee, subject to and under all the terms and provisions of the Lease and
attachments thereof and as to the lands described on Exhibit "A" attached hereto and made a part hereof, does hereby
agree and declare that the Lease is. now in full force and effect, that payment has been made of the entire bonus
consideration and that all delay rentals and shut-in rentals, if any, r~ecessary to extend the Lease have been timely paid.
It is further understood and agreed that the words and figure "three {3) years" appearing in the primary term paragraph
of said Lease are hereby deleted from said Lease and in lieu thereof are substituted with the words and figure ". four (4)
years" from lease date.
SAID LEASE shall remain unchanged, ariel for the consideration above recited: (a) Lessor and Lessee ratify, confirm
and adopt said Lease as hereby amended and acknowledge that same is valid, subsisting and in full force and effect, and
agree that the sum herein paid by Lessee to Lessor shall be considered not only as consideration for this Agreement but
shall also constitute the full delay rental payment accruing under said Lease as hereby amended for the twelve month.
period commencing on the above listed date; and (b) Lessor does hereby grant, lease and let the lar/ds described on
Exhibit "A" attached hereto and made a part hereof to Lessee, its successors, subleases and assigns, upon all and
singular the terms and provisions of Said Lease as amended hereby.
THIS LEASE EXTENSION and Advance'Rental Payment Agreement may be executed in any number of counterparts
and such counterparts shall be deemed to constitute a single agreement 'and the execution of one counterpart by any
Lessor/Lessee shall have the same force and effect as if Lessor/Lessee had signed ali of the other counterparts.
THIS AGREEMENT shall be binding upon and shall inure to the benefit of the respective heirs, successors, legal
representatives, subleases or ass.!gns of the parties hereto~
IN WITNESS WHEREOF, LessOr and Lessee have caused this Lease Extension and Advance Rental Payment
Agreement to be duly executed as of the date first above written.'
PACIFICORP, an Oregon Corporation BARRETT RESOURCES CORPORATION
dba UTAH POV~ER & LIGHT COMPANY
. STATE OF UTAH '
COUNTy OF S_.~T LAKE ~ '
BEFO~ ~, ~e ~dersi~ed authofi~, on this day personally appled ~
me to be ~e person whose n~e is subscribed to ~e foregoing ins~me ' ~ ~o
ower and L~ ht C
P * andeonsideratm, therein ..~..- .... ~g ~, a~~
e--r-~u, m me ca aei~ s~ d ~'~ m?t ae exerted
P _ te_, ~,~ ~ ~ act ~d ~eed of said co.option.
GIVEN ~DER ~ ~ND AND SE~ OF OFFICE THIS ~ day ~ ~.
My co~issio~ exp~es: ' ,2001