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HomeMy WebLinkAboutResolution - 2013-R0054 - Ratify Pooled Unit - Lubheirs Coop #20 - 01_31_2013Resolution No. 2013-R0054 January 31, ZWX 2013 Item No 5.13 RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the Mayor of the City of Lubbock is hereby authorized and directed to execute for and on behalf of the City of Lubbock the Ratification of Pooled Unit - Lubheirs Coop #20 Unit ("Ratification"), which ratifies an agreement entitled First Amendment of Pooled Unit - Lubheirs Coop #20 Unit ("Amendment"). Said Ratification and said Amendment are attached hereto and incorporated in this Resolution as if fully set forth herein and shall be included in the minutes of the City Council. Passed by the City Council this 31stday of January , 2013. ATTEST: Rebe ca Garza, City Secretary APPROVED AS TO CONTENT: 10a2-z, Dave Booher, Right -of -Way Agent APPROVED AS TO FORM: Laura ratt, Assistant City Attorney Resolution - Ratification of Pooled Unit Lubheirs Coop 20 1 17 13 Resolution No. 2013-R0054 To be filed in Lubbock County, Texas NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. RATIFICATION OF POOLED UNIT LUBHEIRS COOP 020 UNIT (LUBHEIRS) This Ratification of Pooled Unit (this "Ratification') is made by CITY OF LUBBOCK, whose address is P 0. Box 2000, Lubbock, Texas 79457 Reference is made to that certain First Amendment to Declaration of Pooled Unit — Lubheirs Coop #20 Unit (the "Amendment"), filed contemporaneously with this Ratification. Lessor is the owner of a mineral, royalty, or overriding royalty in Section 5, T.T. R R. Co. Survey, A-87, Lubbock County, Texas (the "Land"). Lessor's mineral interest is subject to one or more Oil, Gas & Mineral Leases described in the Amendment (the "Leases"). The working interest owners of the Leases previously created the Lubheirs Coop #20 Unit (the "Unit") by Declaration of Pooled Unit dated November 15, 2002, recorded at Volume 8764, page 105, Official Public Records, Lubbock County, Texas (the "Unit Agreement"), which includes a portion of the Land. Under the Amendment, the working interest owners have proposed expanding the Unit to allow for the drilling of a horizontal Well across a portion of the Unit and portions of the Land adjacent to but outside of the Unit as originally formed. Lessor desires to ratify and confirm the Unit Agreement, as amended by the Amendment. THEREFORE, in consideration of the above described premises, Lessor hereby ratifies and confirms the Unit Agreement, as amended by the Amendment, and agrees to the inclusion of the Leases and its interests in the Land in the Lubheirs Coop #20 Unit as described in the Amendment. Lessor consents and agrees to the distribution of royalty described in the Amendment. Lessor hereby ratifies and confirms as being in full force and effect the Lease under which Lessor owns an interest. Lessor hereby becomes a party to the Unit Agreement and Amendment as if Lessor had signed an original of said Unit Agreement and Amendment. Lessor has read the Unit Agreement and Amendment prior to executing this Ratification. Lessor acknowledges that no representations have been made to Lessor and that this ratification has been signed and delivered subject only to the terms and provisions hereof and of said Unit Agreement and Amendment. LESSOR By: Name: Glen . Roberson Title: Mayor STATE OF TEXAS COUNTY OF LUBBOCK (� I31� This instrument was acknowledged before me this3' day of t-+'ir11 20Xby Glen C . Roberson--, the Mayor of the CITY OF LUBBOC , on behalf of the municipality. I ;Motu tc a of Texas Prepared by and after recording please return to: Wilson C Woods Texland Petroleum, L P. For Main Street, Suite 3200 MV J A®qA Fort Worth, Texas 76102 1(37!4]yi VI�RJ /tnLrlWe of To= OB D16