HomeMy WebLinkAboutC2012-294 - 8/21/2012 - ApprovedDIVISION ORDER
To: Endeavor Energy Resources, LP
110 N. Marienfeld St., Suite 200
Midland, TX 79701
Owner: Corpus Christi Museum
of Science and History
1900 North Chaparral
Corpus Christi, TX 78401
Effective Date: First Runs
Interest Type: Royalty Interest
Dec. Interest: 0.00260416
The undersigned severally and not jointly certifies it is (they are) the legal owner(s) of the interest set out below of all the
oil, gas and/or related liquid hydrocarbons produced from the property described below:
Property Code: 2658.001 Description: Carlile "17" #1
Location: 1980' FNL & 660' FEL, Section 17, Blk. 36, T -1 -N, T & P Ry. Co. Survey
Martin County, TX
Property Code: 2658.002 Description: Carlile "17" #2
Location: 660' FNL & 1980' FEL, Section 17, Bilk. 36, T -1 -N, T & P Ry. Co. Survey
Martin County, TX
THIS AGREEMENT DOES NOT AMEND ANY LEASE OR OPERATING AGREEMENT BETWEEN THE INTEREST OWNERS AND THE LESSEE
OR OPERATOR, OR ANY OTHER CONTRACTS FOR THE PURCHASE OF OIL OR GAS.
The following provisions apply to each interest owner ( "owner') who executes this agreement:
TERMS OF SALE: The undersigned will be paid in accordance with the Division of Interests set out above. The payor shall pay all parties at the
price received by the operator for oil and /or gas to be sold pursuant to this Division Order. Purchaser shall compute quantity and make corrections
for gravity and temperature, and make deductions for impurities.
PAYMENT: From the effective date, payment is to be made monthly by payor's check, based on this division of interest, for oil and /or gas run during
the preceding calendar month from the property listed above, less taxes required by law to be deducted and remitted by payor as purchaser.
Payments of less than $100.00 may be accrued before disbursement until the total amount equals $100.00 or more, or until 12 month's proceeds
accumulate, whichever occurs first. However, the payor may hold accumulated proceeds of less than $10.00 until production ceases or the payors
responsibility for making payment for production ceases, whichever occurs first. Payee agrees to refund to payor any amounts attributable to an
interest or part of an interest that payee does not own.
INDEMNITY: The owner agrees to indemnify and hold payor harmless from all liability resulting from payments made to the owner in accordance
with such division of interest, including but not limited to attorney fees orjudgments in connection; with any suit that affects the owner's interest to
which payor is made a party.
DISPUTE - 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 complaint or petition filed. In the event of a claim or dispute that affects title to the division of interest credited herein,
payor is authorized to withhold payments accruing to such interest without interest unless otherwise required by applicable statute, until the claim or
dispute is settled.
TERMINATION: Termination of this agreement is effective on the first day of the month that begins after the 30th day after the date written notice of
termination is received by either party.
NOTICES: The owner agrees to notify payor in writing of any change in the division of interest, including changes of interest contingent on payment
of money or expiration of time. No change of interest is binding on the payor until the recorded copy of the instrument of change or documents
satisfactorily evidencing such change are furnished to payor at the time the change occurs. Any change of interest shall be made effective on the
first day of the month following receipt of such notice by payor. Any correspondence regarding this agreement shall be furnished to the addresses
listed unless otherwise advised by either party.
SIGNED this
WITNESSES /ATTEST:
11450
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2012 -294 4/1312012
8/21/12
Ord. 029599
Endeavor Energy Resources LP
day of I r LA +A-r> �- 201
OW E S LO SOCIAL SECURITY
OR TAX. I.D. NO.:
52189 Corpus Christi Museum
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