HomeMy WebLinkAbout0715 1'n~lu.rrs ar t'~~7o> ??;:h P~..,len~ !'r.~~:,;~~n ~ }ledem~an Rr~~ihota--j~.l..:n. \tissualpp~
~I~iaistippi. Alabuua. Flunda
..Y-i~~7!;~~
246234 OIL, G~,S AND MINERAL LEASE ~ ~ ~ ~ ~ ~s ~
THIS ACREEA16Nt ~a~ llth. „i_ November _,a
__Ads~eua nn~h? .Lnc a Florida corporation~_ b__1__r its dul authorized officers and 1~.R.
Goodwi~~ and ~ifa, ~arlene 3. Goodxint and Alto Ada~ns Jr. and Mife~ Dorothy . A~ams;
_ and Nat G Harrison~ and Wife, Asine iiarrisont _ and Alto Adams 8r. and xife, ~rra
_~dams, ~
~pv~ cy~~~ ~e or .~mb .aaro. cf
o Adams Ranch. Inc. , P 0 Box 10 0 F~t. Pierae Flor3da ~3 ~0
Oi Com n P.O.Box b01 0 N 1 ns Louisiana O1 0 ~~5~:
1. ~~;a~.~ o~ Ten and no 100 and other va.luable considerations noll~rs, ~K.~w
..f wh~cA i+ Lereby admnw~ted¢ed, and oE tLs ooveaanb and atceemmts o[ tmee Lecein~fter ooctained, does LerebY ~?~nt. leue aad !et unlo lesue tbo land
~•~~rred he~eby fu~ :he pu[p~~sea ancl vritL tAe aclusive ri~Lt of a:plorin~. dr111iII6. miUit~Q aud oprritiuq (~or. ptu~luciuR auJ o~~T~iu~ uil ~as. sua~,l~uc ruil ,all ut4rr
~ninrrrb (v6Nher ot u~K vaitar to tLose mmtwaadl, toprthor w~tb the rigDt W make surveys oa said L~nd, lay pipe liuq, estaDl~ and utiliu faciliticrc for
,urface or sul~surface dispo:al of salt water, conuruct ruad~ ~nd bridYa, di; c~a:~ts. Auild tinks, puM'P! SZJ~LLN~S, ~li~bf I~urs, tr:.•pl~.uie lines, rmp:~.yrr Lo~ur,
~:,1 utl~er siruchues un sa+d l:u~d. nr~rs~:ary ur u~rlw n, !r~ r.•'s uycr..tiuns iu eipluring driUina tar. Droducinq. treaUn~. st„nn~ ond truuWitinK atincrals
k~f~~~iLLLY'lI frun~ the landp Cuti~rrril hereLy ut auy uihrr lan.! aSju~rnt ther~to. Tl~e ~mntl co~-emi hrret.y, hrrein r.llrcl ",.,~.1 lan.1", ii tuc.+trJ in tAr
C'.umty uf_ ~7fi~ ~llCiie , Sf~IE ul----- ~-Ori~ uud 'u dtscnbra! ~.t tut:.mr
~ein~; 1g~522.95 aeres~ nore fully deseribed in t~chibit "A", xhich is at-
ta.ehed hereto and r~ade a part hereo2'. and signed for identification uy Lessor.
, : ^,jv:.~~~i t ~"ii~f - ~ QF! ~ L7R~DA~ •'AMPDA~
1FlORl~A 1~A?! _ ~+s~~wRr~ tAMp nx ~ ~RiDQ ~
~ _ . i
^ 38. 5~`• - ~ ~05.OOt .~-""~'-`i
. . ~ ~~x_ r.~'~~ ~ ~ ; - - ~ ~ ; 9 ~ 0 ! ' ~ 1
_ . ; _ ~ 1 ~ ~ 0 9. 0 01
. ~
lAi~ lease also co~en md indude~. in addition W Wat above descnbed, all l.nd, iE anr. cuntisuoas or adjaceat to or ies= f~ Imd ~pove descrihed md ~G
~a) owpe~d or ctaimed br lessor by limibtioq p~escaiption. possessioa rev«si..n or ~m:eoorded 'm~ume~t or Ib) ~s to lenor 6u a prcfaence riA6t of
n~qwsition. Ltss~~r rgrees t~~ e:K~ute any supplemmtal instcumtut reque,ted ! p ~asee (pr a more oomplde or accunlte de~oriptlo~ af pid Lnd_ For tl~e q~r- ~L'
p~~j~ ~
Fwse of deteiminint the ~mount of .nr bonw, ddar rmt~l or otbar paYmmt :.areundar. said Lnd aLaU bs deamed to oon~ah Z7 ~ 1~e5r 5~~ actes. \ ~
•.luther actuallY containin; m~re or las. md tLe above reatal of acre~ee in aay tnd sLaU be deemed to be tLs true acre~~e t6ereof. l.cssor a~.rvtx Ihe h~
!,onus and wgrees to accept tbe deLy reatal as IumP mm oo~osiderntions (or tLis lease ~nd alt riYhb. ~nd option~ 6erNndu. ~VA ~5~ i
2. Unless sooner te+minated or bnaer kept in Eorce ualer other pcuvisioas ~ereof, this lea~e shtl! remain in [orce for ~ tsrm o[ ~(A? yKrs from t6e
date 6ereof, hereinafter called '~rimarp term", and as bnA t6ereaker ~s operations, as Lereia~Eter defined, ats ~roa3octed upon qid I~nd with nu cesvii~~n lur
~~~ore than ninet~ (9p) c~secndve days.
3_ As m t~r, lecsee oo~~eaanb ~nd a~rea:(a) To deliver to U?e cmlit of Iessor, in the pips liae to wLicL ?essee mar oonoect its rceUs. the uat ~~ue-
r;g6th pa~t o all oil pmduced aad uved by Iessee from said tand. or frow tiwne ~o time, ae eLe opeion oE 2msee, co qay tessor che averaRe p~nted ma~ rt ~>rirr
~~f such onrd`Lth part of sucL oil at tLe wrolb as of t6e dar it is run to tFe pipe Iine or sLorage tanb, leswri taterrst, in til6er casq to Ixar one-ei~;1.t1~
~f t4e cost oE trerting oil to teoder it muketabte pipe lme oil; (b) To pay lescor on ~as and cauagLead =as producet) from uid lanJ (1) whm sold by Irssee,
~~n~ag6W o( the ~mount rplized by leuee~ cou ted d tLe mout6 of the wdl. or (_1 a~ lasee aff said Lnd ar i,n the manu(acturc oE Aasoline ur
~,ther pn~ducls. tDe mukK ati1a4 d tbe moutL ~tLe w'd!. of ono-eishtL of sucL yas and sat• (e/ To p~y lasor on all other mianals mineal and
m9rkrted or utiliud by l~see from said land, ooe-teotL dther m kind or value at the Nei1 or mine at t~ssee's electioa, ruept th.~t u~~ ~w~.(.~r ~u,~~.Yl auJ r~:.~i;.-a-a{
„~c i.,~..:~ + b ' ::a: M•j ~.•c_ ..t ~ti~ ...:..,..v r..m /+r ~t ~v time or times t6e+eafte~. there ia any well on saiJ laud ur
~~n lands with wrLich said land'or ~~ar portiou
tbereof has been pooled, aDaWe ot PmdacinB B+~t or ~a7 otLcr minerd cove~ed nereny, anal aii su~L vrclis are
~i,ut-ia. this Irase shall. nev~rt6eless. oontinue in force as tLw~gh opentions were bein; conducted on said Lnd for q Ipng as sai~ w•ells ue shut-in. ~
~hrreaEter tLis lease msy be contmua? in force as if oo shnt-in Ird occvrred. Lessee coveoanb ~nd aRea 3~ ~easonabte diliAence to produre. utiliu. oi
market tLe minecrls capat,le of bein~ p~oduced from said wetl~, but in tLe etercise oE such diliYeoce, lessee obll~pated to inttap or [uroish hcilities
:,tber than ~rell (acilitin and oniinary Iease f~c~ o( tiow Imes. sep~nWr. aad leace tank. ~ad sLatl aot be repuired to tetUe Lbor trouble or to market
upon terms unaccrptalae to lessee. If. at anY time or times after the aP~+~tion of tLs term. all sucL wrells ~+e sLut-in for a per:od ut uineh• ~r~n-
~e.nt~~•e days, md during sucL time tLere are o0 opuations oa said land, tLen at or oro t~e lIp1R[l00 of said ninet> dar period. leuee s1~a11 pay u~
:~~1rr. hr check or draft of laseq as royalty. a snm equal to We ~mount of anuua! deltY ~b1 p~hded for in this lease. Lessee s6a11 mate like pa~r~ents
r trndan at ur beEora the end of acb ,wnivenary of t6e espiration o{ said nwetp day petiod ij upon such ~advenary tLis Iease is beinR rontinued
fun~e wldy by reasou of tLe pcovisiom of thisp~p~ Eac~ such payromt or tendrr shall be made to tbe parties ..~n„ at Ihr W~~r ~~f ~wy~ucnt Nuuld ~
! r rntitlyd t~. recei~•e the ruyaities whicL w•ould be paid under this Irase if the wells wem ~uodndnR. ~ad may be depositcd in a depositurp bank p~uvided fuc
Frl~,w-. \ot4ia~ herein sLaU impair lessee
s ris6t to rdeue as pru.-ided in paraQraph S 6ermf. In e+•eat oI assignmeat of thts lease in ~sfwle or in part. liahility
t~~r pay,umt hereunder shall rest e:cludvely an tLe then owner or owners of thi~ lease, severall~ as to acTea~e owned b~ eacL.
4. l.esser is hereby grsntat! the rigLt, at ib optiou, to pool ur unitize all or auy part cf said land and of this le:ase as to :u~~~ ur :~11 wiocrnh o: b~m~uns tt.rr.•-
:~ndcr. with ntha lands. leese or leases. or portion or poNionf tbereuf. or miaerrt or horirnn thereunder. so as to establish uuits rnntaininlt nW morc t6an 8U
,:uface a.rcY pl~a IU°b acreage Wierance; provided, Low~ever. a unit maY be establis6ed or m aristin~ mit may be enluAed to conbin not more tl~an 84U
, rrs p?us 111'o acrcaae tuleraace, if unitizad only u to gas or ~Ir u to Rat nnd liqui.! hy-drucarbons (eoudeosate) wLich are nut a liqui3 in t6e auLsu~[ace
rr+en•oir. It targer units arc requ'ved, mder any goYt(LmClitl rule or order, for the driUins or opention of a wdl at a regular bcatioo, or tor obtaminR
~~~uiniuw allow-able. from an~- wrLL to be drilled, drilline, or alreadY drilhd. any such ~mit ouY be established or enlareed. to co~Eorm to tLe size reyuired by
~~~.h K~~~emn~ivtal urder ur nde. Lessee shall uercise said option as to e~ch desirtd unit by e:ecuting an iustrument ideatifyinR suc6 unit aml filioR it tur
r:~vrd in Ihr puLlic uffiir in w6ich this lease is recorded. Eac6 nE xaid optiuns ma~ be e=pcised by lesue frotn time to time, and whetLm be(ore ~~r ~fter '
Firr~cluM+~in has Leen eetablisbed either on said land or on the portion oE uid lwd included in the unit or on ot~er land unitized themrit6 and any sni~h unit
~:•ey incl~x'i auy wetl tu Iw drilleJ. t~eiuK driiled nr slri•ady tun~~lrtcnl. a unit Established hsttundlr ahall b! ~alid ~ud O(fletiv! [Oi ali purpnses u( this
lrast r~'rn t1wuA6 there ~nr>• be ?and or miaeral, ~opalty or leaseMld interests in land vcithin the unit wLich ~re not pooled or unitized. Any opentioos ron_
~~u.tni ~•o any puA nf such unirized Lnd sh~ll be considered, [or aU pu:poses, e~cept tbe ~~ment of eurilty, opentium rnoducted ~ender tbit le:ase. 7'urrr
,lull t~r aUucatcd to the laad oo.end br thi~ lease included 'm any such unit that ympurtwn of t~e total pmduction of unitirrd minenLs (rom w~ells in t6e
nit, afirr dr.liutinK anY ~u'd in lease or unit ~pentions, w~ich tLe number of s~erface acres in tb~. laqd covered by this leate iaduded in tbe unit Ixan to thr
c•~tr! numlx•r uf surtrce acres in the uait. T6p productioo so ali~xated shall be considtred for ~11 purposes, inc)uding the p~ymmt ot delivu~r of roralty, o~erridin¢
:,~r~ity. ,~nd any ot6er payments out of production, to be tbe entir+e pmductioa of unitized minerals from t6e portiwi oE said land covered ~rehy and includeJ
.n ~u~l~ uuit iu the same manner as thoug6 produced frnm said ~rnd under the terms uf this lease. The owner of t6e reversiunary estate of any tem~ royalty
r rr,ineryl rstatr aRrees that the accrua) of ro>-alties punuant G~ tlus~ir tAraph or of sLut-in ioyalties from t wdl on t6e unit shall satisf>~ an> lim~tati~~n of term
r.quinnR producti~m of ~~il or ~as_ The f~rmati~o of wch upit zhall not hxve tbe effett of ch~oging tLe owbe[ship of ~ay dtl~y tea41 or sLut-in pnxiuNiun
ruyalty ~rhich ina.• becomr pa~Yble undec this Idse. :~eidler shall it impair the riR6t of lessee to rde~se fmm tLit leate all or any portion of said land, escrpt
that l.xsrc may n~~t so re:rase az to lands within a ~mit w~hile tt~rre ar~ ~.perations tbereop for ~miti=ed mit~rftt ~mlas all pooled kas~ are rcltueal u to
l..ntls w~ithin the unit_ Lrssa~ may diswlve any unit esiabZisheci t., re~mder fiy filinH for cecord 'm the paMic office WLQe tLi~ lease is ircorded a dcclaratioe tn
tfut efieci. i( at that time o0 operatiom are bemg conducted thercoo [or uuiuzrci m~nerals. Juhjed tn the prmiscur~. o? ~his ~+..rair.epb -1, a u..il nv ~
~~tablisheai hereunder shall remain in f~im s~ lonR u an~~ lease xubirct tbereto slrll rrmain in Eorce. A anit may 6e w atablished, modified or d~cu~Icecl durinA
the life of this Iease.
S_ if operations arc nnt mnducted on said land un or before thr fi~st anni~enary dtte here~f, tLis lease shall terminate u to both parties, mle;s lrsser
~~o or br[orc said dete sLall, ~ubject to tLe furtLer provisions 6ereof, qy or trnder to lesior or to lawis credit io tbe ?~t. ~LICj.@
-~ount~_, s,nk P.O. Box 8, r't.-Pfet'L'e; F2orida ~3~+50
~is s.~c-~ rs, whic6 shall conlinue u the depositop-, rcYudless of cLanRes in ownership of dday rental, royaltia, or oehcr mun~}~s, thr surn ot
` 17~3' "-74 ~.6ich sha(1 oprrate as del.iy rental anJ cover tLe pn rilege of dt[rrring oprratiom for aae year (rom said dnte. In lekr
w:u~ner :md upun like pay~neots or tendea, operations may be (urther deferred for tike peciods of one yeRr eac6 durin` tLe primary t~rn,. IE at aoy time
m~t ii•>ue pa~~s or tru::en ..a~~ay rentrl. royalUes. or uiher monry's. [w~o ot more partirs :ve. or daim to bt. entilled to rneive slmr. Irsxt m.~y. in I~:u uE s~ry
•.!L~•r n:rthwl of pa~~uent li.•rrin procided, pay or trnder xuch rrntal, royalties, or other moneys, in the manrur hrrrin sprci6rd, euLer jomdy to such ~w~t~es ur
~•;..u.it~•7p to rach m rc+cv~r.lencr w~th their rrspeeiise oxnrnbipi lLeteof, u lessre map dtct. My paymeat hereundet may be made by cLecic or draft of Irssee
~l~ Ex~.~trd in thr muil or ~lel~.ered to lessot or to n depository• tunk or. or before the last date for p.ymeoe. sa;d ddar tental sh~ll be appnrtionable as to
c~id Lvnd on an acrpA~ Auis, and t failare to mak~e ym per paymeat or twder of dd~y rm1a1 t~ to anr portion of sajd Lad or as to anr interest therd~
- ,h.ill o~~t •rf(ect this lease as to ~nY Qo rEion of a~id 4nd or as to anr interest therein as eo .~ch p.vper wymmt ot tender u made. My payment oc tmdei
..hic6 is n~ade in an attempt to ~nake ~xoper paymmt, but which u erroneous in w~hnle or in part as to puhes, amounts, or depository, shall ae~-erthelas ln•
_ sufficirnt tu prevent terminatio~n of tlus lease ~ad M eitead the time within whicl~operations mar i>e oondacbed In tLe same maoner u tLovKli a D?olx~
- {~a>'nitnt had l~em made: Provided. howecer, lessee sh~l~ cwrect surh error w~ithin tL~rty 130) d~ys aker lessee 6as received scrittrn nntice thera~f fmm
1ess.~r. Lrssee mar at any time and from tims to time e:ecute and deliver to leswr onh7e for reoord a release or rdc+ases of tLit le~asr as to any pa~t or all
_ ~~f ~aid knd or of any mineral or horizon thers~ader, md therebp be relieved of all obli~ as to tLe releaxd ~creage or intpest. I[ ehu lease is so re-
ieased at to alt minerak ~nd Lorizoas under a portioo of said laad, tLe delaY rental ~nd otbrl pa>~nents cvmputcd in ~coordance tLarewith shsl) tLern~pan he
- ;e.lu~ed io the pmportion that tLe ~cr~age rdeased bean to the acreaee which v~as covered bp this lease immeaf;ately prior to such rclease.
fi. (i at rny tinie or t~mes durinR the pcimary term opcntions are oouducted oo seid land aad if all operrations ate discontmued, this lease sfwll ther~(ter
trrminate nn ib an~uver~ary date nert followio~ tbs ninetieth day ~ker sueA discontiownce unless on or h toro such wniversary date lessee eilber (1) mnd:;cts
~~penti::as or /21 ~mmences or resumer tLa pym~t or teadet of deLY reabl: provided. huwerer. j( s.ch ~nniversary date is at the eod of the primary tertn.
~~r if there is no further anniversary date of t6e pnmary tarm, tLis ~ease sbaU terminate at the afY~ of ,neL term or on the ninetiet6 day after discoatinuance
all operrtions. whichever is the later dats. unless on snc6 Itter date either (11 leaee is rnnducting opentiont or 12) the shut-in wd1 provisinns of para-
kr..pb 3<,r the ~~isiom of p4raAraph 11 aro rpplicable. t~'henever used in this kue the wrd "opentinns" sh~tl mean ppentiona for ~nd any o! tbe (ol-
~ ,~NIO(C: IIIIILpg. LdttnR. completin8. ~e~voritin6. m'~P1~(G deeD~n~nR. D1nttfpn 1~ack or tepairinA of a well in search fpr or in ap endea~ror to ~~t,twin pm-
" ~uction ~~f uil. p.~s. sulp6ut or other minenb. e~cavatinlC a mix. prtxiuctioa of oi~, gas. wlpLur or oihR minerai, whethe? or not in payaoR 9~uetitin.
" I.c~cre sheli ha~~e the usc, fzee from rny~aity, of water, ~thcr than from Icssors water vrells, ~nd of pi1 and gas pmdnped (rpm s~{d l~nd ip ~ll oye~~~i~as
6P,.~~~,~4.r IPCC.r .6 Jl h.~~r thr n••ht at am• tunc to rernu~'e ~II ~n:.chinery and fixtn:es pi.~c:vi cu~ s~id iand. incln.lurq the ng6t~~to cL•aw- ~:i,! rrmm<• c+srn~¢_\«.
.crU shaU F.e d:illed ndrer than 200 feet to the hnux or harn n..• rm ~aid land ~.ithuvt tAe consent of the lecsor. I.eases ~b~11 pa~ for dain,~~rt ..uK3 by- its
~~yeroti~~of to {~n~~+ieR croq and timher on ssid Iand.
a~ ~ 2~~ r;.c~ 7~.~
~
~
~ . . . _ - ~ s$ ~ ~