HomeMy WebLinkAboutResolution - 2182 - Amendment To Oil & Gas Lease With W.E. Medlock - 10/24/1985Resolution #2182
October 24, 1985
Agenda Item #33
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RESOLUTION
E IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock BE and is hereby authorized and
directed to execute for and on behalf of the City of Lubbock an Amendment
to Oil and Gas Lease by and between the City of Lubbock and W. E. Medlock,
Sr., attached herewith, which shall be spread upon the minutes of the
Council and as spread upon the minutes of this Council shall constitute and
be a part of this Resolution as if fully copied herein in detail.
Passed by the City Council this 24th day of October , 1985.
ATTEST:
ALAW HENRY, KAYOR
anette-toys, city Secretary
APPROVED AS TO CONTENT:
Kobert Massengale, Assistant City
Manager for Financial Services
(APPROVED AS TO FORM:
art, Assistant t:lty Attorney
Resolution #2182
AMENDMENT TO OIL AND GAS LEASE
This Amendment, made and entered into on this 24th day of
October , 1985 by and between the City of Lubbock,
Texas, Lessor and W. E. Medlock, Sr., Lessee.
WHEREAS, the Oil and Gas Lease entered into by Lessee and
Lessor on the 9th day of November, 1984 requires that not more
than six (6) months shall expire between the completion as a
producer and the commencement of operations for the drilling of
the next succeeding well, and
and
WHEREAS, Comanche Canyon No. 1 was completed July 17,.1985,
WHEREAS, due to weather conditions and requirements of the
"Texas Historical Commission" Lessee might not be able to
commence operations for the drilling of Comanche Canyon No. 2,
(the next succeeding well) within six (6) months after completion
of Comanche Well No. 1, and
WHEREAS, Lessor and Lessee desire to extend the time allowed
for completion of Comanche Well No. 2 from six (6) months to nine
(9) months; therefore such Oil and Gas Lease is hereby amended as
follows:
Despite anything to the contrary contained in Section 5(c)
of the Oil and Gas Lease, the Lease shall not expire if operations
for drilling Comanche Canyon No. 2 have not commenced within six
(6) months of completion of Comanche Canyon No. 1, but instead
such Lease shall remain in force and effect as to all the lands
covered thereby so long and only so long as Lessee commences
operations for the drilling of Comanche Canyon No. 2 within nine
(9) months of completion of Comanche Canyon No. 1.
If Lessee fails to commence operations for the drilling of
Comanche Canyon No. 2 within nine (9) months of completion of
Comanche Canyon No. 1 the Lease shall thereupon terminate as to
all of the leased premises, except:
(a) Surrounding Comanche Canyon No. 1 the greater of:
(1) forty acres; or
(2) that number of acres prescribed or permitted
by such governmental authority to be allocat-
ed to such well to entitle such well to
receive the maximum allowable production to a
depth of 100 feet below the stratigraphic
equivalent of the deepest depth at which such
well is then completed as a well capable of
producing in paying quantities.
IN TESTIMONY WHEREOF, this instrument is executed on the day
and year first above written.
LESSOR:
CIT
BY:
ATTt�l:
C�
O ,
Ranet a Boyd, City Secr ar
THE STATE OF TEXAS §
COUNTY OF LUBBOCK §
BY:
ATTEST:
BEFORE ME, the undersigned authority, a Notary Public in and
For said County, Texas on this day personally appeared W. E.
MEDLOCK, SR., Lessee, known to me to be the person whose name is
subscribed to the foregoing instrument and acknowledged to me
that he executed the same, for the purposes and consideration
therein expressed and in the capacity therein stated.
GIVEN UNDER OY HAND AND
11V �
THE STATE OF TEXAS
COUNTY OF LUBBOCK
SEAL OF OFFICE this day of
1985.
Q"b
No arA7yP ub Lubbock ounty,
Texas 1 j_ 1 b— e - Y JUANITA LUNDISERG
0
0
BEFORE ME, the undersigned authority, a Notary Public in and
for said County, Texas on this day personally appeared ALAN
HENRY, Mayor, known to me to be the person whose name is sub-
scribed to the foregoing instrument and acknowledged to me that
he executed the same, for the purposes and consideration therein
expressed and in the capacity therein stated.
E.'UNDER MY HAND AND SEAL OF OFFICE this �g — day of
_4 1985.
Notary Public, Lubbock County,
Texas
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