HomeMy WebLinkAbout2471 ~33'7~ P~~ .ed f~ ~
Pfodu~cv~b-E9801 lR~vbad 9-1-TJ) Nie? PooUns Provision. Hed~~n BmtAen J~ckwo. Mia.
QII., GAS AND MINERAL LEASE
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I. Iwuor co~derstio. ot-T~_ A!*iD_ NOL~.QQ._~I1S~.4.~.45. Y~.LS~l~SOnB~@ration DoD.n
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piW hnM. bolWbt ro~d~. tuks. PowR ttatjod. tsNPOO~~ a.od otuw uruetnres c~..ew~ to poduce.
Producb. ~ed 6oedOs ib w~pioria. tM follnwin~ d~~aiEed 4ed in .~Ci~ _ .----.-------Cou~ef4 ~ioeid~. to-wit:
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?~t S~otion 8 : ~e 3~ of .
Its 3sotion 9:~s ii~ of 3i1~ ot ~fi}• i
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9ab~sot to oanal and high~raY i'18~ts of xay.
. . , . . . . . . . . . . . . . . ~cuME~aRY _ ~ F . . . . . . . . . ~ o A ~ ~
° ~ S~RTAX = ~ME
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ARY,~•~F
ST~AMP TAX I
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' FLOR! :1F REVENUE t;:: ~ ~ • f ~
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RE~iitYE , • - I
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The Lessor reserves all minerals. except oil, gas. sulphur and sa2t, down to a depth
of 250 f t .
In the event of damages to the surface of Lessor's land, or to Lessor's groves, trees, ,
fences, roads or growing crops and installations proximately caused by Lessee as a result
of Lessee's operations on the land covered by this lease, Lessee at its option will either ;
pay Lessor for such damages, or will, insofar as is reasonably practicable. restore the *
property to the same condition as it was before operations were be~un.-
' lt is the intention d Les~or and Lessce t6at this kau shaU also include. u~d there is hae~y ~ncluded. It+u?ted. kas~d and I~t, (or t6e Purposa ~nd coosidention
~ heren stated, all the land o~oed a ctimed M• Lessur. adjacrnt or motiR~wus to the land prrtlcuLrly deurihed above. vrbetl~er t1K ~'me be ~n said sect~ ~~~~5
~ ¢rant ur ~rsnts. or in ~d')~oent sectiau w Yranu, ~IthoaRh not inclwied v~it6in tht boundanes of the fa~~d puL^larlt descri6ed above_ Fot the puR~oae
~ the aa~o~mt of anY mmeY D~Y~t hexewder. the lands herein described shall be trcated u comprisi~n[ atJ acrcs. w6ether t6em be more
~ or Icu. ~od m the c+ro*?t of a pattitl assil~me~t or surreoder here~mder. tbe assisned or surrendered pn*eoo or Pu?tions sh~ll be deemed to conhin the number d
~ acres stated "m such assi~nnment or sutreoder.
2. Sebjtct to the otbet Pro~~ision+ A~ein cootained. this lease shdl be !or a term years from t6is datt (called "PrimarY term°) aad as {ooR
~ thereafter n oil. ps ~ otLer minen~ i+ P*od~~ced from uid land or lan3s with which seid is pooled Fxreuoder.
e 3. •~r~ p~ by L~See ~re: (a) on oil. one-eiRMh 11/81 of tlut produced aod sa~ed from said land. the same to be detivered at the welb or
to tbe c[edit of Lwwt into the ppeline to cwd"ecL the wells ma)' be mnnected• Lessee [o~Y from time to time purcluse any royalH oil in ib possessioo. W>inA tbe
~ market price the~efor prevay~ fa tbe fie{d where p*oduced on the date o~ parchase. in eitLer case suc6 intemi to l~ear its pmpoctwn of ~ay eaA~s~ °E
mg unmenhu~4bk oil M rader k mr+~6antabk u crudr, (61 on pts. unNei[6tb (1/81 of tde mutM value at tbe well of the ~Cas ns~d_M I.essee in opentions aot
connected with the Lnd kased or ~ny pookd unit cvntaiaius all or • p~~t of said land• t6e roYa~tY o0 8~s wW bY I.essee to be one~eiKMh I1/8) of t6e amamt ~
rcalized at the w~dl fram auch sales: fc) ooe-dKht6 1118) of tlrc muket value ~t the'wouc~ oE the well of p~ used !~y 1.essee m ma~~~i P~ °r
other bY-R~~. ~~ept ~t 1O O11°P"~'°~ sucd value. there shall he eacluded all Ras or compooents tAercoE nsed in leau or,unit opentions• and fdl oo ;
.,:3 ut6er ountral+ mined aod w+kK~d, m~-tn~th ll/10) either i~ kind w wlue at' the well or mine. st Lescee's el ~ t~~~ b~« ~~b ~
ma~keted, the royakY s~ ~ fifty cena 150c1 per ionR too. le the event t6at aaY well on tbe laod or oo P~KY P~
is capable of ucinE oil w Yu or g~seous subs4oces in p~yinR qnantities bnt such mine~als are not bnnK P*~~• t~ ~~s riRhts maY~ be m~;in ~m
the a6sence ~Producdou or driiliaq operatia?s. bY comme^~IC ot rauminX rmtal paYo~b (6trein tsometimes thin s~"sty~180/:ds>Y prior M~t6e esWKtion t6ere-
ia
after prrnided in W?aBnPh 8. Sbould auc6 conditions oceur or erist at the eod of or after the pnmary at the rate and m tLe
uf. I.cstee's risMs msY be ettmded be>'oad aad after tbe primary term ~y the commencemtnt. raumptim~c~~'M~aance h~~~rnu the eipiration date of the
manner herdn wm'ided Eor ienui pa>'roents durin the PrimarY k~m. ~ad for tbe Pn*iwae of comPutin= i
nrimary term and each annivenary date tbe+eof s~l1 be considered u a fiud rental WY~E d:te. aad if sucb pa~menb are m~de. it wtill be considered that al
or gaa or Aa+cou+ suhstaoce is beinlt P~~~'~ witAin ehe meaninlt of Wn1tnph 2 hereof. I.essee ssall 6ave frce use oE al. ps. coa1. wood ~nd water fmm said
l.+nd. euept water (~om I.eawr's wells. for atl operations bereuoder. ~nd ro~'alty a~ ail, gas and coal slull be com{wted alter dedurnnx anY w i~sed.
4. Lessee. at its option, is Lereby 1[im'efl the risht and power to Fool or combine the acrea~e co~tred b~' this 1e~se or any portiou thneof wiW other
land. lease or leases in t6e immediate ricinity tLereof. whm ia l.essee s jud~mmmt it is necessary or ~dvis~bk to do so io order p pn~ ~Y ~
a~6oi~
erate s~id p+emi+es in compliaoce ~ith an)' la~cful spacint cula w6ic6 maY be Pracribed for t6e [ield in which tlrs lease is sitwted
a~rthorib-, or w6ea to do so would. in the iudKmmt of i.euee. P~e tMe comenatwn of the oil ~nd Su in and wder wd that maY be P~~+ced fram
said premius. I.essee sh~ll e:ecute ia wdtiaq an instrument ideadfyinS aod describiot tbe D°°led acre~8°- T~ °tte~Re s° pooled i°to a tract or ~mit
shall be tre~ted. for ~U purpwes e~cept the ~yme~ oi roYal~a o~ D~~oa irom th! pooled unit. as if it were included in this lease. lf Draduetioo ~s fou°d
on the acreaqe. it sh~p be treated u~f production is had from tMs kasc. ~Y2iNbt~ the sreU or .Pelb be locsted on tbe prernisea oovered br ebis iea~e w
u~,t. In ~of t6e rorilt~es elsrw6ere berein :pecified. Lesrn sh~U receive on produccion irom ¦~mit w pooled on~Y suce portiao of the torilb ~W~~
hcrein u the unount of his a~cate plaeed ~n the uait or hi~ roYalty iatetest tberein oo an acrtaRe basis be'a~s te lhe tov~ acrea~e w pooled in tbe particohr
unit inwlved.
S. lf opentions for drilli~g ue not commenced oa said ~~+'d or ~MaRe p°°kd therewith ss abo~e prmided o0 or before ooe Yhr from t~~~
tF.~ kue shafl thm termioate a~ to bot6 yarties. mless on or before such anniversary date Lessee shall pay w tender to i.essor or to the credit of I.esw
9un Bank of St Lucie..County . s.~k P_ 0. _ Hox 8_ Fort Pierce_-
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i s w~hich bant and ib succeswe are I.e~or's
~~f[~eot ~nd ~hall ca~tiaue as tbe depository for all rmtab pa>'abk hereunde? rctardless of chaaRa in ownt+shiD
Dolt~n
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x of said land or the rent~h) t6e sum of _-.!~il~!~J . - - - - - _ -
LA M
i~ R~~Y.V.. i. (bereia calkd rental). whic6 s1u11 co~er the privile~e of deferrinR commencement of drillinR oaerations for a of
tw~lve 112) months• 1n iikt aunoer ~nd upon like p~yments or tenden annnallY ro~~~~+'t of drillin~ operations may be furtber defe (a~ suc~
~r~sive perwds d Mehe 114) tnonths each durinR the Primary term. 1be pa
Ymen! or tender o[ rcnEal maY }~e *nade bY the cbeck or drak af Lessee mtiied
' or detiveied to I.essor w to said hank on or before svch date of wi~nent• 1f such honk (or ~ny successor bu~k) sbould fail, liquidate or be sucoeed~d bp ao-
other bank. or for any reasw~ (ail or re(use to accept renta4 Lessee s6all not be 6eld in de(auh (or lailure w make such pa>mmt or tender of rentel mtl1
tTurty 1301 da>s afte* I.dso* ah~ll deliver to Lessee • P~P~* ~~+bk inst+umeat. namin~uwther bant as yfent to receire sucA pa>~menb or trnders. 'ILe ~C ~
hI
,ic.w.n uyh ~ryment u consideratioa (or tLis lease accord~nY ~ ib termf and shsll oot alSocated u mere rmta) for • pcriod- Lesue maY at aoy time ~
~ ~,r tima eiecvte and del:ver to I.es+or or to tbe depository ahove named or pl~ce of record ~ reiease or releases coverinf[ ~Y Po*~ a Po~s d the ~bo~'~ d°" x
s~ribed v*em[ses and thereby ~errrader thi+ lease n to such voKion or portiom ~nd be relieved o[ all oDlirt~tioas as to tl~e acrcaRe snrreodered. and there-
aiter the rmtab PoYa~ ~d~* sLail be reduced in tAe proportioo tb~t tbe acreaRe covered berebY ~ re{ease or rclen+es.
` 8. If D~r to dboavecY of oi1. Ras or otLer minerd ~ raid l~nd w m scrcaRe pooled therewith I.ea+e~e :Lould drill a d+Y hok or 6oles t6ezeon, or if ~
aRer dixw-en' d_ d1. P~ or other minenl. the octjoo t6ereof shoufd eease fran my ause. tL'o laase s6a11 mt taminate if I.evee oomme*?ces ~dditiooal
dril1ini or rr~rock~ns operstions witloin 80 days ~er or ii it be within tLe P~~+Y term. commeoces or resumes the paYment or teader of rmbb or com-
mmon opentiap Ew dri s or reworkinR on or belore tLe renW p~
Y~R date aeat ensu~nE after tLe e~intioo of 60 d~rs Erom date of completiw~ of dry t
hole or c[srahon oE PcaducLOO• If et ~oy time suMeqnent to fi~f (80) dar r~+b* eo the be6iminl~ d the Ltt 7e.w of tbe primary te~n and Pnor to the dis-
coverf oE oa, W or otbc~r miw.+d oo ~aid Lnd. or m~e+at6~ D~~ t6ere+rit4 Leuee aboald drill a dry 6ole thereon. oo ~nhl p~Yment or opuatfms ue :
nece~ary in order to keeo tbe leue in force dnrio~ tbe remaiader of tbe p*ima*f term. tt ~t the ~ d th~ primarr te*m. d1. t~s or atber mie- ~ t
eral b eot baia[pe!odooed oo uW lu~d. or ou ~crea6e kd tberewitb. MN Lpaee is thm mpRed in llinR ot_rrworkio~ Rer~tioos thereoo or alrll luve~ t
comPleted a dq' eo~e tb~+coo nithin sisty (801 dali Rrw
~to tbe end of the P~s*r te+m. t6e la+e shall rcmain m fom so laos as operftia~s ue P~ose~~ ~
ed wit6 uo ces~atioe af moro th~a si~ 180) eanseeotive d~ays. aud N theY resuk in the Prodnctioo of a1. tas or ot6er minenl. so bo~ themker n oi1. !
or other oineral 1t p~odoeed lrom sud taod or ~creafte pooled tl~erevith. In the ereot a~eL or weib.poduciot w1 m llas ~n P~Y~1I q~n b~
brouR6t in m ed~cmt laod and wit~in oue lw~ndred fiftr (1501 feet of aod dnininR tbe kased D+~. o? ~crea~e pooled tl~ere~rith. I.enee ~trees~
drill ~neh offset wells as • re~wo~b1Y Prude^t opentor ~rould drill m~der the same m similu dra~mstuice~. ~ A~ures Olaced bY i.essee ao ~
Lessee tlrll h~~e the d~ht at ~nr time dmiaL or ~ker t6e espi*~tioo of thn lease to prcpert
isnd. inclad;nR tLe d~t to draw and remwe dl nsin~. Whm re4uired bY Lessor. I.essee .rill bary~ W~es ybelo+? ordiparYY ybv de0lh. and no well ~
shall Ix 8rilled within t•.o 6ondred (Y00/ feet d~ar residenee or bara now on ril
aus~
d M~ tbe e:erciu ~ the~'nR~6~b he~isesin pu+tWcc~ ~ Rsponuble for dl -
da~neRrf cau<tct hy Les~ce's o~ertOOOf bere~uder othe? t~s d~maRs Oe~MU y
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