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LEASE FOR OIL AND GAS OR GEOTHERMAL RESOURCES
TRANSFER OF OPERATING RIGHTS (SUBLEASE) IN A
LEASE FOR OIL AND GAS OR GEOTHERMAL RESOURCES
Oil or Gas Lease Agreement
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CONCHO RESOURCES INC
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Title: TRANSFER OF OPERATING RIGHTS (SUBLEASE) IN A
LEASE FOR OIL AND GAS OR GEOTHERMAL RESOURCES
Date: 4/24/2007
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Exhibit 10.8
Form 3000-3a
(February 2002)
UNITED STATES
DEPARTMENT OF THE INTERIOR
BUREAU OF LAND MANAGEMENT
FORM APPROVED
OMB NO. 1004-0034
Expires: October 31, 2004
TRANSFER OF OPERATING RIGHTS
(SUBLEASE) IN A
LEASE FOR OIL AND GAS OR GEOTHERMAL RESOURCES
Lease Serial
No.
NMNM111962
Mineral Leasing Act of 1920 (30
U.S.C. 181 et seq.)
Act for Acquired Lands of 1947 (30
U.S.C 351-359)
Geothermal Steam Act of 1970 (30
U.S.C. 1001-1025)
Department of the Interior
Appropriations Act, Fiscal Year 1981 (42 U.S.C. 6508)
Type or print plainly in ink and
sign in ink.
PART A: TRANSFER
Transferee
(Sublessee)* See Transferee’s Part A (Continued) on Page
2
Street
City, State,
ZIP Code
*If more than
one transferee, check hereþand list the name(s) and address(es) of all
additional transferees on the reverse of this form or on a separate
attached sheet of paper.
This transfer
is for: (Check one)þOil and Gas Lease, oroGeothermal Lease
Interest
conveyed: (Check one or both, as appropriate)oOperating Rights (sublease)þOverriding Royalty, payment out of
production or other similar interests or payments
2.
This transfer
(sublease) conveys the following interest:
Land Description
Percent of Interest
Percent of
Owned
Conveyed
Retained
Overriding Royalty
Similar Interests
Additional
space on reverse, if needed. Do not submit documents or agreements
other than this form; such documents or agreements shall only be
referenced herein.
Reserved
Previously
reserved
or conveyed
b
c
d
e
f
TOWNSHIP 19 SOUTH,
RANGE 32, EAST NMPM
SECTIONS 4 NESWBS/2SW
LEA COUNTY, NEW MEXICO
THE OVERRIDING ROYALTY HEREIN CONVEYED SHALL BE FREE OF ALL COSTS
AND EXPENSES EXCEPT THAT IT SHALL BEAR ITS RATABLE PORTION OF
TREATING, COMPRESSION AND TRANSPORTATION CHARGES, ALONG WITH
APPLICABLE TAXES.
100% of 12.5% overriding royalty
interest
10%
overriding
royalty
interest
2.5% overriding royally
interest
THE OVERRIDING
ROYALTY HEREIN CONVEYED MAY BE POOLED OR UNITIZED WITHOUT THE
CONSENT OF ASSIGNEE.
FOR BLM USE ONLY — DO NOT
WRITE BELOW THIS LINE
UNITED STATES OF AMERICA
This
transfer is approved solely for administrative purposes. Approval
does not warrant that either party to this transfer holds legal or
equitable title to this lease.
o
Transfer approved
effective
By
(Authorized Officer)
(Title)
(Date)
(Continued
an reverse)
book
1342 page 42
Part A
(Continued): ADDITIONAL SPACE for Names and addresses of additional
transferees in Item No. 1, if needed, or for Land
Description in Item No. 2, if needed,
ASSIGNOR
CONVEYS THE OVERRIDING ROYALTY INTERESTS, SET FORTH OPPOSITE THEIR
NAMES, TO THE FOLLOWING ASSIGNEES:
TIMOTHY A.
LEACH
2.5
%
2735 Racquet
Club Dr.
Midland, TX 79705
STEVEN L.
BEAL
2.5
%
2743 Racquet
Club Dr.
Midland, TX 79705
CURT F.
KAMRADT
2.5
%
4006 Tanforan
Ave.
Midland, TX 79707
E. JOSEPH
WRIGHT
2.5
%
2813
Den-gar
Midland, TX 79705
PART B — CERTIFICATION AND
REQUEST FOR APPROVAL
1.
The
transferor certifies as owner if an interest in the above
designated lease that he/she hereby transfers to the above
assignee(s) the rights specified above.
2.
Transferee certifies as follows:
(a) Transferee is a citizen of the United Slates; an
association of such citizens; a municipality; or a corporation
organized under the laws of the United States or of any State or
territory thereof. For the transfer of NPR-A leases, transferee is
a citizen, national, or resident alien of the United States or
associations of such citizens, nationals, resident aliens or
private, public or municipal corporations, (b) Transferee is not
considered a minor under the laws of the State in which the lands
covered by this transfer are located; (c) Transferee’s
chargeable interests, direct and indirect, in each public domain
and acquired lands separately in the same State, do not exceed
246,080 acres in oil and gas leases (of which up to 200,000 acres
may be in oil and gas options), or 300,000 acres in leases in each
leasing District in Alaska of which up to 200,000 acres may be in
options, if this is an oil and gas lease issued in accordance with
the Mineral Leasing Act of l920, or 51,200 acres in any one State
if this is a geothermal lease; (d) All parties holding an
interest in the transfer are otherwise in compliance with the
regulations (43 CFR Group 3100 or 3200) and the authorizing Acts;
(e) Transferee is in compliance with reclamation requirements
for all Federal oil and gas lease holdings as required by sec.
17(g) of the Mineral Leasing Act; and (f) Transferee is not in
violation of sec. 41 of the Mineral Leasing Act.
3.
Transferee’s signature to this
assignment constitutes acceptance of all applicable terms,
conditions, stipulations and restrictions pertaining to the lease
described herein. Applicable terms and conditions include, but are
not limited to, an obligation to conduct all operations on the
leasehold in accordance with the terms and conditions of the lease,
to condition all wells for proper abandonment, to restore the
leased lands upon completion of any operations as described in the
lease, and to furnish and maintain such bond as may be required by
the lesser pursuant to regulations 43 CFR 3104, 3134, or
3206.
For geothermal
transfers, an overriding royalty may not be less than one-fourth
(1/4) of one percent of the value of output, nor greater than
50 percent of the rate of royalty due to the United States
when this assignment is added to all previously created overriding
royalties (43 CFR 3241).
I certify that
She statements made herein by me are true, complete, and correct to
the best of my knowledge and belief and are made in good
faith.
Executed this
22nd day of October 2004
Executed this
22nd day of October 2004
Name of
Transferor as shown on current lease
David W.
Copeland
(Please type or print)
Transferor
/s/ David W.
Copeland
Transferee
David W.
Copeland
(Signature)
or
/s/ Janet S.
Copeland
Attorney-in-fact
Janet S.
Copeland his wife
(Signature)
2206 Gulf
(Transferor’s
Address)
Midland
TX
79705
(City)
(State)
(Zip Code)
Public
reporting burden for this form is estimated to average 30 minutes
per response including the time for reviewing instructions,
gathering and maintaining data, and completing and reviewing the
form. Direct comments regarding the burden estimate or any other
aspect of this form to U.S. Department of the Interior, Bureau of
Land Management (1004-0034), Bureau Clearance Officer, (WO-630),
Mail Stop 401 LS, 1849 C Street, N.W., Washington, D.C.
20240.
Title 18 U.S.C.
See. 1001 makes it a crime for any person knowingly and willfully
to make to any Department or agency of the United States any false,
fictitious or fraudulent statements or representations as to any
matter within its jurisdiction.
(Form
3O00-3a(1/99) (page 2)
book
1342 page 43
TRANSFEREE
Executed this
28thday of
October, 2004.
By:
/s/ Timothy A.
Leach
Timothy A.
Leach
Executed this
28thday of
October, 2004.
By:
/s/ Steven L.
Beal
Steven L.
Beal
Executed this
28thday of October,
2004.
By:
/s/ Curt F.
Kamradt
Curt F.
Kamradt
Executed this
28thday of
October, 2004.
By:
/s/ E. Joseph
Wright
E. Joseph
Wright
book
1342 page 44
ACKNOWLEDGEMENTS
STATE OF
TEXAS
)
)
COUNTY OF
MIDLAND
)
This instrument
was personally acknowledged before me on this 28thday of October , 2004, by Timothy A.
Leach.
