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Home My WebLink AboutC2007-121 - 3/20/2007 - ApprovedDIVISION ORDER V E.G.L. RESOURCES, INC. P.O. BOX 'f 0886 MIDLAND, TX 79702 11/0712006 CITY OF ~ORP"l~S CHRISTI ATTN: f~tECT~CIR OF CITY LIBRARIES PO BOX'#277 CORPU9~CHRI~i'T'1, TX T8469-9~77 Owner Number: COR730 Type of Interest: R Decimal Interest: 0.00020735 Pr~perty ~: CG 120 Property ~ame: "CG" 117 #1 Effective $ate: Date of F~st Production Operator ~d Pa~yor: EGL RESOURCES INC legal De~criptiort: SEC 117, BLK QW, TC RY CO SURVEY, PECOS COUNTY, TEXAS THIS /tG~ME~'T DOES NOT AI1lI~eND ANY LEASE OR OPERATING AGREEMENT BETWEEN THE INTEI~ST OV1~lERS ND Tf~ LESSEE OR O~'ERATOR OR ANY OTHER CONTRACTS FOR THE PURCHASE OF OIL OR GAS. The follo~g provisions apply to each interest owner (the "Owner") who executes this agreement: The unde~signed certifies the ownership of their decimal interest in production or proceeds as described above. TERMS (~F SAL€: The undersigned will be paid in accordance with the division of interests as set above. The Payc~ shall pay all parties at the price agreed to by the operator for oil and gas to be sold pursuant to this division c~der. Purchaser shalf compute quantity and make corrections for gravity and temperature and make deductior~ for irrtpurities. PAYMEt~'S: From the effective date, payments are to be made by checks of Payor, its successors or assigns, based on ~is ditirision of interest, less taxes required by law to be deducted and remitted by Payor as purchaser. Payment~ of le~ than $100 will be accrued before disbursement until the total amount equals $100 or more, or Decembe~ 31 of ~ach year, whichever occurs first. However, the Payor may hold accumulated proceeds of less ~an $10 untif production ceases or the Fayor's responsibiiity for making payment for production ceases, whichevet occur~a first. Owner agrees to refund Payor any amounts attributable to an interest or part of an interest ttiat owner does not own WDEMNi#1f: The owner agrees to indemnify and hold Payor, its successors and assigns, and its agents, servants ~nd e~byees harmless from all liability resulting from payments made to the owner in accordance w~ith said divis~3n of ir~erest, including but not limited to, attomey fees or judgments in connection with any suit that affects th~ owner's interest in whieh Payor is made a party. ~tSPUT6~-WITt~10LDING OF FUNDS: If a suit is filed that affects the interest of the owner, written not9ce shall be given tip Payor by the owner together with a copy of the complaint or petition filed. In the event of a claim or dispute tkti~t aff~t,s title to the division of interest credited herein, Payor is authorized to ~withhold payments accruing t~i such interest, without interest unless otherwise required by applicable statue until the claim or dispute is settled. Z007-121 O~i!20/p7 Res02 7l 7'% E,G.L. Resou--ces TERMIN~TION: Termination of this agreement is effective on the first day of the month that begins after the 30"~ day after ~te da~e written notice of termination is received by either party. NOTICES: ThP owner agrees to notify Payor in writing of any change in the division of interest, including changes t~f inter~st contingent on payment of money or expiration of time. No change of interest is binding on Payor un~ the recorded copy of the instrument of change or documents satisfactorily evidencing such change are fumished'to Payrcx at the time the change occurs. Any change of interest shall be made effective on the first day of the mcinth foNowing receipt of such notice by Payor. Any correspondence regarding this agreement shall be furnished to ihe ~tldresses listed unless othenroise advised by either party. DEFAULT: tf a working interest owner is in default in the payme~t of its share of the lease expenses, operator of the abovtt lease, may withhold payment of any monies due the undersigned until operator has recovered all monies it is due for lease expenses. In additior~ to the terms and conditions of this Division Order, the undersigned and Payor may have certain statu±ory t~ghts ~der the laws of E#ie state in which the property is located. Individual Owner Printed N~me of Owner: , 1 Signature of Owner Corporate (or other entity) Owner ~, ~ r~ ~ Name of Entity , ~ ~j-~ ,,,p r • Signatory Party: ~ Printed N~rne of Signatory Party ~~~~`~" G--- C~^/~G~' Title of Sighatory Party: ,~/~"~ ~d~ r~ .~ G. ~~C, r,~.J Address a{` Owner. o Q~ ~~~~}-ri/ G~~` ~d 1ZP Lc~' ~/bf"~/.S~ , 7 ~ ~~~/ Telephone: . 3~~- ~~6 ~"'d ~C~ ___ Fax: ~ b ~~ O Z~ - ~~J fL~ E-Mail Ad~ress. _ ~~ r Owner Tax ID or Social Security fVumber~ T. ~b 7~~ D d Os~~ Fei~leral Law requires you to furnish your Taxpayer ldentification Number or Social Security. Please !~e advi~ed that payment will not be made without the owner's Tax ID or Social Security Number. W i es ~ ~ f~ , ~ ~ ~ r~~ ..~_. gg~fildlA~ ~ t1 ~~ ~ ~n~ ~.o~ ~ W itnes • ~ ` ~ ~ ~ ..~ ,~ .r. a _.~,.~.u ~