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ASSIGNMENT OF WORKING INTEREST

Assignment Agreement

ASSIGNMENT OF WORKING INTEREST | Document Parties: PETROLEUM DEVELOPMENT CORPORATION, You are currently viewing:
This Assignment Agreement involves

PETROLEUM DEVELOPMENT CORPORATION,

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Title: ASSIGNMENT OF WORKING INTEREST
Date: 4/28/2010

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Chevron #12-7D
Lease No. 691300

 

ASSIGNMENT OF WORKING INTEREST

 

This Assignment made this 22nd day of August 2003 from PETROLEUM DEVELOPMENT CORPORATION, a Nevada Corporation, (herein called "Assignor") to PDC 2003-C, Limited Partnership , (herein called "Assignee'');

WITNESSETH

Assignor, for the sum of One Dollar ($1.00) and other valuable consideration, the receipt of which is hereby acknowledged, does by these presents GRANT, BARGAIN, SELL, EXCHANGE, CONVEY, ASSIGN, TRANSFER, SET OVER and DELIVER unto Assignee all of the following:

1.     The specific undivided interest shown in Exhibit A in respect of each of the oil and gas leases shown in Exhibit A, but only to the extent such leases cover lands and depths necessary for production of the specific oil and gas well identified in Exhibit A. This is intended to be a "wellbore assignment." Assignee shall be entitled to receive that share of production from the well identified in . Exhibit A which is attributable to the undivided interest here being assigned, but the Assignee shall have, as a result of this Assignment, no interest whatsoever in any other oil and gas well, whether now existing or hereafter drilled, which may be located on the lands described in Exhibit A or on any .land pooled therewith. Assignor expressly excepts from this Assignment and reserves to itself, its successors and assigns, the remainder of the lease and the leasehold oil and gas estate, including (without limitation) the right to produce other wells which are or may be located on the lands described in Exhibit A and lands pooled therewith, without the obligation to account to Assignee for any such other production.

2.      The specific undivided interest shown in Exhibit A in all valid unitization, pooling, operating and comrnunitization agreements, declarations and orders involving the leasehold interests here being assigned, but only to the extent that such agreements, declarations and orders relate to the well specifically identified in Exhibit A and in all other respects limited to the manner as set forth in Paragraph 1, above,

3.      The specific undivided interest shown in Exhibit A in all valid oil and gas sales, purchase, exchange and processing contracts, but only to the extent that such contracts . relate to the well specifically identified in Exhibit A and in .all other respects limited-in the manner set forth in Paragraph 1, above.

4.      The specific undivided interest shown in Exhibit A in all personal property, improvements, lease and well equipment, easements, permits, licenses, servitudes and rights of way now owned by Assignor and being used in connection with the operation of the well specifically identified in Exhibit A or in connection with the production, treating, storing, transportation or marketing of oil, gas and other minerals from that well, but in all respects limited in the manner set forth in Paragraph 1, above.

TO HAVE AND TO HOLD the interests described unto Assignee, its successors and assigns, forever.

This assignment is made without warranties of any type (whether of title, merchantability or fitness for a particular use), either express or. implied, but is made with full substitution of Assignee in all covenants and warranties previously given or made by others, but only to the extent of the interests here assigned. Assignor does, however, expressly intend that this Assignment convey any title that Assignor may hereafter acquire to the extent that such after, acquired title may be necessary to fulfill the interests herein assigned.

Assignee shall bear its proportionate share of all burdens on production now of record and hereby assumes its proportionate share of all other obligations that relate to the well specifically identified in Exhibit A and the production therefrom.

Both Assignor and Assignee hereby agree to execute and deliver such additional instruments, notices, division orders, transfer orders and other documents as may reasonably be requested by the other, and to do such other acts and things, as may be necessary or convenient to accomplish this Assignment in the manner and to the extent described in Paragraph 1, above.

 


 


Chevron #12-7D
Lease No. 691300

IN WITNESS WHEREOF, Petroleum Development Corporation has executed and delivered this instrument, with the intention that it shall be effective as of the date of first production from the well specifically identified in Exhibit A.

 

 

 

 

 


 


AMENDMENT TO
ASSIGNMENT OF WORKING INTEREST

THIS AMENDMENT TO ASSIGNMENT OF WORKING INTEREST is made February 15, 2006 between Petroleum Development Corporation, a Nevada corporation, and PDC 2003-C Limited Partnership, a West Virginia limited partnership whose address is P. O. Box 26, Bridgeport, West Virginia 26330.

1. Background. By this instrument, the parties correct and amend the Assignment of Working Interest (the "Original Assignment"), dated August 22, 2003 and recorded as Instrument No. 649940 in the real property records of Garfield County, Colorado.

      2. Amendment. Petroleum Development Corporation and PDC 2003-C Limited Partnership hereby amend the Original , Assignment by deleting in its entirety the Exhibit A that is attached to the Original Assignment and replacing it with the Exhibit A that is attached to this instrument. All other provisions of the Original Assignment are unchanged.

3. Effective Date. The parties intend that this amendment be deemed effective at the effective date of the Original Assignment, just as if the Exhibit A that is attached to this instrument had originally been attached to the Original Assignment.

IN WITNESS WHEREOF, this instrument has been executed by the parties.

 

 

 


 


 

 

EXHIBIT "A"
AMENDMENT TO ASSIGNMENT OF WORKING INTEREST
PDC 2003-C LIMITED PARTNERSHIP

WELL NAME

LESSOR OR ASSIGNOR

LEASE DATE

RECEPTION NO.
BOOK/PAGE

LEGAL DESCRIPTION

COUNTY

STATE

ASSIGNED
INTEREST

LEASE NO.

Chevron 12-7D

Chevron USA, Inc.

11-15-2002

623086

T6S, R96W, Sec. 7:SW4NW4

Garfield

Colorado

1.00

691300

 

 

 

 

 


 


EXHIBIT "A"
AMENDMENT TO ASSIGNMENT OF WORKING INTEREST
PDC 2003-C LIMITED PARTNERSHIP

WELL NAME

LESSOR OR ASSIGNOR

LEASE DATE

RECEPTION NO.
BOOK/PAGE

LEGAL DESCRIPTION

COUNTY

STATE

ASSIGNED
INTEREST

LEASE NO.

Chevron 22A-17D

Chevron USA, Inc.

11-15-2002

623086

T6S, R96W, Sec. 17:SENW

Garfield

Colorado

1.00

691300

 

 

 

 


 


EXHIBIT "A"
AMENDMENT TO ASSIGNMENT OF WORKING INTEREST
PDC 2003-C LIMITED PARTNERSHIP

 

WELL NAME

LESSOR OR ASSIGNOR

LEASE DATE

RECEPTION NO.
BOOK/PAGE

LEGAL DESCRIPTION

COUNTY

STATE

ASSIGNED
INTEREST

LEASE NO.

Chevron 21C-17D

Chevron USA, Inc.

11-15-2002

623086

T6S, R96W, Sec. 17:NENW

Garfield

Colorado

1.00

691300

 

 

 


 


 

EXHIBIT "A"
AMENDMENT TO ASSIGNMENT OF WORKING INTEREST
PDC 2003-C LIMITED PARTNERSHIP

 

WELL NAME

LESSOR OR ASSIGNOR

LEASE DATE

RECEPTION NO.
BOOK/PAGE

LEGAL DESCRIPTION

COUNTY

STATE

ASSIGNED
INTEREST

LEASE NO.

Chevron 23-7D

Chevron USA, Inc.

11-15-2002

623086

T6S, R96W, Sec. 7:NESW

Garfield

Colorado

0.40

691300

 

 

 

 


 


EXHIBIT "A"
AMENDMENT TO ASSIGNMENT OF WORKING INTEREST
PDC 2003-C LIMITED PARTNERSHIP

 

WELL NAME

LESSOR OR ASSIGNOR

LEASE DATE

RECEPTION NO.
BOOK/PAGE

LEGAL DESCRIPTION

COUNTY

STATE

ASSIGNED
INTEREST

LEASE NO.

Chevron 22-8D

Chevron USA, Inc.

11-15-2002

623086

T6S, R96W, Sec. 8 :SE4NW4

Garfield

Colorado

0.85

687400

 

 

 

 

 


 


 

ASSIGNMENT OF WORKING INTEREST

This Assignment made this 13th day of  November 2003 from PETROLEUM DEVELOPMENT CORPORATION, a Nevada Corporation, (herein called "Assignor") to PDC 2003-C, Limited Partnership, (herein called "Assignee");

WITNESSETH
 

Assignor, for the sum of One Dollar ($1.00) and other valuable consideration, the receipt of which is hereby acknowledged, does by these presents GRANT, BARGAIN, SELL, EXCHANGE, CONVEY, ASSIGN, TRANSFER, SET OVER and DELIVER  unto Assignee all of the following:

1.     The specific undivided interest shown in Exhibit A, in respect of each of the oil and gas leases shown in Exhibit A, but only to the extent such leases cover lands and depths necessary for production of the specific oil and gas well identified in Exhibit A.  This is intended to be a "wellbore assignment."  Assignee shall be entitled to receive that share of production from the well identified in Exhibit A which is attributable to the undivided interest here being assigned, but the Assignee shall hav


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