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Home My WebLink AboutC2007-120 - 3/20/2007 - ApprovedDIVISION ORDER E.G.L. RESOURCES, INC. P.O. BOX 10886 MIDLAND, TX 79702 11 /07/2006 CITY OF ff~DRPliR~3 CHRISTI Owner Number. COR730 ATTN: D~CTC'~'t OF CITY LIBRARIES Type of Interest: R P+O B~X 9~'77 Decimal Interest: 0.00020735 CORPUS ~HRISTI, TX 78469-9277 Property #: CG110 Property N~me: "CG" 54 #1 Effective C]~#e: Date of First Production Operator a~ld Pay~x: EGL RESOURCES INC Legal Dest~'iption: SEC 54, BlK OW. TT RY CO SURVEY, PECOS COUNTY, TEXAS TNiS AEiR ENT OOES NOT AMEf~D ANY LEASE OR OPERATiNG AGREEMENT BETWEEN THE INTEREST 01NNER5 ~D TH~ LESSEE OR ORLRATOR OR ANY OTHER CONTRACTS FOR THE PURCHASE OF OIL OR GAS. The followp~g provisions apply to each interest owner (the "Owner") who executes this agreement: The under~gned c3ertifies the ownership of their decimal interest in production or proceeds as described above. T~RMS O!~ SALE: The undersigned will be paid in accordance with the division of interests as set above. The Payor ~hall p~y all parties at ~e price agreed to by the operator for oil and gas to be sold pursuant to this division ort~er. Purchaser shall cornpute quantity and make corrections for gravity and temperature and make deductions~or impw-ities PAYMENl'~: Frc~m the effective date, payments are to be made by checks of Payor, its successors or assigns, based on f~is division of interest, less taxes required by law to be deducted and remitted by Payo~ aS PUfChaSef. P~yments ~if less than $100 will be accrued before disbursement until the total amount equals $100 or more, or DCcember ~{1 of eech year, whichever occurs first. However, the Payor may hold accumulated proceeds of less than $10 ~ntil p~oduction ceases or the Payor's responsibility for making payment for production ceases, whichever dMccurs first. Owner agrees to refund Payor any amounts attributable to an interest or part of an interest that owner ~oes not own II~EMNlT~: The owner agrees to indemnify and hold Payor, its successors and assigns, and its agents, servants atta~~d empk~yees harmless from all liability resulting from payments made to the owner in accordance w~ith said divisio~ of infa~est, including but not limited to, attomey fees or judgments in connection with any suit that affects the t~!wner's interest in which Payor is made a party. DtfiPUTES~WITHHOLDING OF FUNDS: If a suit is filed that affects the interest of the owner, written notice shall be given to Payor by the owner together with a copy of the compfaint or petition filed. In the event of a claim or dispute that affec~.s title to the division of interest credited herein, Payor is authorized to withhold payments accruing ta ~,uch interest, without irtterest unless otherwise required by applicable statue until the claim or dispute is settled. 2007-12 U 03i20/0? Res0271 "'" F-•C:. t ., Resr~u rce~ TERMfNA~ION: Termination of tt~is agreement is effective on the first day of the month that begins after the 30"~ day after t~#e date written notice of termination is received by either party. MOTICES: The owner agrees to notify Payor in writing of any change in the division of interest, including changes af interest contingent on payment of money or expiration of time. No change of interest is binding on Payor untif the re~orded copy of the instrument of change or documents satisfactorily evidencing such change are furnished ~ Payor at the time the change occurs. Any change of interest shall be made effective on the first day of the mor~th follc~wring receipt of such notice by Payor. Any correspondence regarding this agreement shall be furnished to the atidresses listed unless otherwise advised by either party. DEFAULT: If a working interest owner is m default in the payment of its share of the lease expenses, operator of the above lease, may withhold payment of any monies due the undersigned until operator has recovered a~l monies it is due for lease expenses. In addition to the terms and conditions of this Division Order, the undersigned and Payor may have certain statutory ri~hts under the laws of the state in which the property is located. Individual Owner Printed Na~ne of Owner: S~gnature c# Owner: Corpo~ate (or other entity) Owner Name of E1~tity: C~IT o-1 ~s.2 ~cr r~ jz /-rr7 ~ G~/.~, f~s' Signatory Rarty: ~ ~ ~- Printed Na~ne of Signatory Party~ ~C~~~~ ~. C~-,v~~rr Title of Si~atory Party: _~~~'~'~TU~' d~ G~~ Yc2 riP,J Address af Owner: ~ Q~ ~ ~1~1~-~C~j~ ~' ~ict O~~~S~7 ~i~ ~~~/ Telephone: ~G 1~ ~Z~ ~ ~ ~~ v Fax: ~b ~~ ~G 6 ~ ~~ ~,h E-Mail Adc~ess: Yl G~ r~ C(~ ~1~~ GD~, Owner Tax1D or aocial Security Number. __ 2~,~j ~0(/c,.) ~~ Fe~eral L.i~+v requires you to furnish your Taxpayer ldentification Number or Social Security. Please b~ advisod that payment will not be made without the owner's Tax ID or Social Security Number. W itness: , W itn . ~ ~~~ .. , ~~~~ 1 ~~0,~ ~ ~~y ~~~~,~ ~