ASSIGNMENT OF OIL, GAS AND MINERAL LEASES

Contract Categories: Business Finance - Assignment Agreements
EX-10.1 2 l32394aexv10w1.htm EX-10.1 EX-10.1
Exhibit 10.1
ASSIGNMENT OF OIL, GAS AND MINERAL LEASES
State of Montana
County of Fergus
     THIS ASSIGNMENT (hereinafter referred to as “Assignment”), is dated and effective as of the 1st day of May, 2008 (hereinafter “Effective Date”), by and between HEMUS, LTD., a Texas limited liability company, whose address is its principal place of business located at 6565 West Loop South, Suite 555, Bellaire, Texas, 77401 (hereinafter referred to as “Assignor”), and KYKUIT RESOURCES, LLC, an Ohio limited liability company whose address is 8500 Station Street, Suite 345, Mentor, Ohio, 44060 (hereinafter referred to as “Assignee”).
WITNESSETH:
     WHEREAS, on or about August 3, 2007, Assignor and Assignee entered into a Partial Assignment of Oil, Gas and Mineral Leases whereby Assignor assigned to Assignee seventy-five percent (75%) of its rights, title and interest in and to those certain oil, gas and mineral leases (the “Subject Leases”) set forth on Exhibit “A” attached hereto and made a part hereof. That Partial Assignment of Oil, Gas and Mineral Leases was filed with the Fergus County Clerk and Recorder’s Office on August 6, 2007 as Document Number 089463; and
     WHEREAS, on or about August 3, 2007, Assignor and Assignee entered into a Joint Venture Development Agreement, the terms of which are summarized in the Memorandum of Joint Venture Agreement of the same date, which was filed with the Fergus County Clerk and Recorder’s Office on the 6th day of August, 2007 as Document Number 089462; and
     WHEREAS, on or about March 18, 2008, Assignor and Assignee entered into an Assignment of Overriding Royalty Interest whereby Assignee assigned, transferred and conveyed unto Assignor, an overriding royalty in the amount of 6% of 8/8 of all oil, gas and other minerals produced, saved and marketed from the land covered by the Subject Leases on Assignee’s seventy-five percent (75%) interest in the oil, gas and other minerals produced, saved and marketed from the land described in the Subject Leases; and
     WHEREAS, Assignor now wishes to assign to Assignee its remaining twenty-five percent (25%) interest in the Subject Leases to Assignee without reserving an overriding royalty interest thereon and the parties wish to memorialize said assignment in writing.

 

 

     NOW THEREFORE, in consideration of One Hundred Dollars ($100.00) and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Assignor and Assignee hereby agree as follows:
     1. Assignor does, by these presents, bargain, sell, convey, assign, grant, transfer, set over and deliver unto Assignee its remaining twenty-five percent (25%) interest, right and title in and to the Subject Leases described on Exhibit “A” attached hereto and made a part hereof.
     2. And for the same consideration the Assignor covenants with the Assignee, its or their heirs, successors or assigns:
     That the Assignor is the lawful owner of and has good title to the interest above assigned in and to said Subject Leases, estate rights and property, free and clear from all liens, encumbrances or adverse claims; except the following: (i) liens for current taxes or assessments not yet due or delinquent on the Effective Date or, if delinquent, that are being contested in the ordinary course of business; (ii) materialmen’s, mechanic’s, repairman’s, employee’s, contractor’s, operator’s and other similar liens or charges arising in the ordinary course of business, for amounts not yet delinquent; and (iii) all rights to consent by, required notices to, filings with or other actions by governmental authorities in connection with the sale or conveyance of oil and gas leases or interests therein or sale of production therefrom if the same are customarily obtained subsequent to such sale or conveyance. That said Subject Leases are valid and subsisting leases on the land described above, and all rentals and royalties have been paid and all conditions necessary to keep the same in full force have been duly performed; and that the Assignor will warrant and forever defend the same against all persons whomsoever, lawfully claiming or to claim the same.
     To have and to hold the Subject Leases unto Assignee and its successors and assigns forever.
     It is agreed by Assignor and Assignee (sometimes collectively referred to as “Parties” or singularly as “Party”) that this Assignment is subject to the following terms and conditions:
  1.   Assignee hereby assumes its proportionate share of all duties, liabilities, and obligations, express or implied, imposed upon Assignor under the provisions of the Subject Leases.
 
  2.   This Assignment shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, assigns, successors and transferees.
 
  3.   It is the intent of the parties that Assignor’s overriding royalty interest which was conveyed via the Assignment of Overriding Royalty Interest filed with the Fergus County Clerk and Recorder’s office on March 26,

2

 

      2008 and identified as Document Number 092613, pertains solely to the seventy-five percent (75%) interest of the Subject Leases conveyed by Assignor to Assignee via the Partial Assignment of Oil, Gas and Mineral Leases that was recorded with the Fergus County Clerk and Recorder’s Office on the 6th day of August, 2007 as Document Number 089463. Assignor has no overriding royalty interest in the twenty-five percent (25%) interest of the Subject Leases that is being assigned to Assignee pursuant to this document.
 
  4.   It is expressly agreed between the parties hereto that as of the Effective Date Assignor is released from all further liabilities under, and is no longer a party to, the Joint Venture Development Agreement referenced above.
     IN WITNESS WHEREOF, Assignor and Assignee have executed this Assignment in the presence of the undersigned competent witnesses as of the dates set forth below, but effective for all purposes as of the Effective Date.
             
 
      ASSIGNOR:    
 
      HEMUS, LTD.    
 
      a Texas limited liability company.    
 
            
 
  By:   /s/ Solly Hemus    
 
           
 
      Solly Hemus, President of RISA, Inc., General    
 
      Partner of Hemus, Ltd.    
 
            
 
      ASSIGNEE:    
 
      KUYKUIT RESOURCES, LLC    
 
      an Ohio limited liability company    
 
            
 
  By   John D. Oil and Gas, Inc.,    
 
  Its:   Managing Member    
 
            
 
  By:   /s/ Gregory J. Osborne    
 
           
 
      Gregory J. Osborne    
 
      President of John D. Oil and Gas, Inc.    

3

 

                 
STATE OF TEXAS
    )          
 
    )     SS:    
COUNTY OF HARRIS
    )          
     BEFORE ME, a Notary Public in and for said County and State, did personally appear the above-named HEMUS, LTD., by Solly Hemus, President of RISA, Inc., General Partner of Hemus, Ltd., who acknowledged to me that he did sign the foregoing instrument and that the same is his free act and deed on behalf of the company.
     IN WITNESS WHEREOF, I have hereunto set my hand and official seal at                                         , Ohio, this ___ day of                     , 2008.
         
 
        
 
       
 
  NOTARY PUBLIC    
                 
STATE OF OHIO
    )          
 
    )     SS:    
COUNTY OF LAKE
    )          
     BEFORE ME, a Notary Public in and for said County and State, did personally appear the above-named KYKUIT RESOURCES, LLC, by Gregory J. Osborne as President of John D. Oil and Gas, Inc. its Managing Member, who acknowledged to me that he did sign the foregoing instrument and that the same is his/her free act and deed on behalf of the company.
     IN WITNESS WHEREOF, I have hereunto set my hand and official seal at                                         , Ohio, this ___ day of                     , 2008.
         
 
        
 
       
 
  NOTARY PUBLIC    

4

 

Exhibit “A”
     1. The Leases and real property described in pages 5 through 18 of this Exhibit “A”, save and except the real property described on page 19 of this Exhibit “A”.

5

 

                         
LEASE                    
NO.   LESSOR   LESSEE   DATE   DOCUMENT NO.   DESCRIPTION
10644
  Lawrence J. Tuss, aka Larry
J. Tuss, Et Ux 		  Hemus, Ltd.   09/28/05     084262     1,959.00 acres, T21N-R18E, Secs. 10, 11 12,& 14; T21N-R19E, Secs. 27,28, 34 & 35
 
                        
10645
  Helen M. Popnoe   Hemus, Ltd.   09/26/05     084260     4,639.04 acres, T21N-R18E, Secs. 15, 21 22, 27, 28; T21N-R20E, Secs. 10, 11, 12, 13, 14, 17, 18, 19, 20, 21, & 27
 
                        
10646
  James Popnoe, Tre.   Hemus, Ltd.   09/26/05     084261     4,639.04 acres, T21N-R18E, Secs. 15, 21 22, 27, 28; T21N-R20E, Secs. 10, 11, 12, 13, 14, 17, 18, 19, 20, 21, & 27
 
                        
10647
  David B. Udelhoven, Et Ux   Hemus, Ltd.   09/28/05     084263     2,524.79 acres, T21N-R18E, Secs. 2, 3, 4 9, 10, 11, & 12; T21N-R19E, Secs. 4 & 5; T22N-R19E, Secs. 2, 3, 4, 11, 32, & 33
 
                        
10648
  Thomas E. Walling, Et Ux   Hemus, Ltd.   09/30/05     084264     1,195.27 acres, T21N-R17E, Secs. 1, 2 & 12; T21N-R18E, Sec. 7
 
                        
10649
  Darlene P. Butcher, Tre.   Hemus, Ltd.   10/11/05     084265     8,437.48 acres, T20N-R19E, Secs. 1, 2, 11 12; T20N-R20E, Secs. 1, 4, 5, 6, 7, 8, 9 & 10; T21N-R20E, Secs. 28, 29, 30, 31, 32 & 33
 
                        
10650
  Lester Slivka, Et Ux   Hemus, Ltd.   10/04/05     084266     1,661.24 acres, T21N-R17E Secs. 13 & 14; T21N-R18E, Sec. 18; T21N-R19E, Secs. 4, 5, 8 & 9
 
                        
10651
  Rose Spraggins   Hemus, Ltd.   10/13/05     084267     1,320.00 acres, T21N-R18E, Secs. 15, 21 22, & 27
 
                        
10653
  Robert R. Bold , Et Al, Tres.   Hemus, Ltd.   10/14/05     084268     5,541.54 acres, T20N-R19E, Secs. 1, 2, 8, 11, 12, 17, 19, & 20; T 20N-R20E, Secs. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, & 11; T21N-R20E, Secs. 28, 29, 30, 31, 32 & 33; T21N-R19E, Secs. 25 & 35

 

 

                         
LEASE                    
NO.   LESSOR   LESSEE      DATE   DOCUMENT NO.   DESCRIPTION
10654
  Ronald A. Heggem, Et Ux   Hemus, Ltd.   10/26/05     084269     12,396.87 acres, T20N-R19E, Secs. 8, 13 14, 15, 17, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 32, 33, 34 & 35; T21N-R20E, Secs. 14, 15, 22, 23, 24, & 25; T20N-R20E, Secs. 29, 30, 31, & 32; T19N-R20E, Secs. 6 & 7; T19N-R19E, Secs. 1, 2, & 3; T21N- R18E, Secs. 14, 15, 23, 24, 26, & 27
 
                        
10655
  Marjorie K. Boyce   Hemus, Ltd.   10/26/05     084270     11,135.05 acres, T20N-R19E, Secs. 8, 13, 14, 15, 17, 19, 21, 22, 23, 24, 25, 26, 27, 28, 29, 33, 34, & 35; T21N-R20E, Secs. 14 15, 22, 23, 24, 25, & 26; T20N-R20E, Secs. 29, 30, 31, & 32; T19N-R20E, Secs. 6 & 7; T19N-R19E, Secs. 1, 2, & 3; T21N-R18E, Secs. 14, 15, 23, 24 & 27
 
                        
10656
  Dennis Wherley, Et Ux   Hemus, Ltd.   10/26/05     084271     11,695.05 acres, T20N-R19E, Secs. 8, 13 14, 15, 17, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 33, 34, & 35; T21N-R20E, Secs. 14, 15, 22, 23, 24, 25 & 26; T20N-R20E, Secs. 29, 30, 31, & 32; T19N-R20E, Secs. 6 & 7; T19N-R19E, Secs. 1, 2, & 3; T21N- R18E, Secs. 14, 15, 23, 24, & 27
 
                        
10658
  Sarah L. Leonard   Hemus, Ltd.   11/08/05     084272     1,790.51 acres, T20N-R19E, Secs.26, 27, 28, 29, 30, 31; T20N-R18E, Secs. 24, 25, & 35
 
                        
10659
  Cleo Boyce, Et Ux   Hemus, Ltd.   11/08/05     084284     800.00 acres, T20N-R19E, Secs. 15, 22, 23, 24, & 25

7

 

                         
LEASE                    
NO.   LESSOR   LESSEE          DATE         DOCUMENT NO.   DESCRIPTION
10660
  Vernon E. Smith   Hemus, Ltd.   11/01/05     084285     9,326.19 acres, T20N-R19E, Secs. 13, 14, 15, 20, 21, 23, 24, 25, 26, 27, 28, 29, 33, 34, & 35; T21N-R20E, Secs. 14, 15, 22, 23 24, 25, & 26; T20N-R20E, Secs. 29, 30, 31 & 32; T19N-R20E, Secs. 6 & 7; T19N-R19E Secs. 1, 2, & 3; T21N-R18E, Secs. 14, 15, 23, 24, & 27
 
                        
10661
  Edith D. Brooks   Hemus, Ltd.   11/01/05     084259     1,240.00 acres, T20N-R18E, Secs. 9, 10, 15, 21, 22, & 23
 
                        
10662
  Robert K. Simac, Et Ux   Hemus, Ltd.   11/04/05     084286     2,046.75 acres, T21N-R19E, Secs. 1, 2, 3 10, 11, 33 & 34
 
                        
10663
  Albert Joseph DeMars, Et Ux   Hemus, Ltd.   11/01/05     084287     1,240.00 acres, T20N-R18E, Secs. 9, 10 15, 21, 22, & 23
 
                        
10664
  Thomas J. DeMars, Et Ux   Hemus, Ltd.   11/01/05     084289     240.00 acres, T20N-R19E, Secs. 5 & 6
 
10665
  Robert E. Sawyer   Hemus, Ltd.   11/16/05     084288     7,647.97 acres, T19N-R19E, Secs. 4, 5, 6 7, 8, 9, 10, 15, 17, 18 & 19; T19N-R18E, Secs. 6, 10, 11, 13, 14, 15, 22, 23, 24, 25 & 26
 
                        
10689
  Benjamin D. Smith, Et Ux   Hemus, Ltd.   12/05/05     084290     1,465.04 acres, T19N-R19E, Secs. 4, 5, 8, & 9; T19N-R18E, Sec. 6
 
                        
10690
  William H. Foreman, Et Ux   Hemus, Ltd.   12/07/05     084291     2, 162.62 acres, T21N-R18E, Secs. 7, 8, 17, 18, 19, 20, 29, & 30; T21N-R19R, Secs. 1, & 23
 
                        
10691
  William L. Mendel   Hemus, Ltd.   12/07/05     084292     2,326.85 acres, T21N-R18E, Secs. 25, & 35; T20N-R18E, Sec. 1; T20N-R19E, Secs. 5, & 6; T21N-R19E, Secs. 21, 30, 31, & 32
 
                        
10692
  Dolly Smith   Hemus, Ltd.   11/01/05     084293     120.00 acres, T20N-R19E Sec. 35

8

 

                         
LEASE                    
  NO.   LESSOR   LESSEE           DATE   DOCUMENT NO.   DESCRIPTION
10693
  Katzman Cattle Company   Hemus, Ltd.   12/08/05     084294     4,384.57 acres, T20N-R17E, Secs. 1, 2, & 11; T21N-R17E, Secs. 32 & 33; T21N-R19E 5, 7, 8, 17, 21, 22, & 23; T22N-R19E, Secs 13, 14, 22, 27, 34, & 35; T22N-R18E, Secs. 14 & 23
 
                        
10694
  Richard F. Doughten, Et Ux   Hemus, Ltd.   11/17/05     084295     2,398.14 acres, T19N-R19E, Secs. 1, 2, 4 5; T19N-R20E, Sec. 7
 
                        
10696
  Douglas A. Arntzen, Et Ux   Hemus, Ltd.   12/12/05     084296     6,554.92 acres, T19N-R19E, Secs. 15, 17, 20, 21, 22, 27, & 28; T18N-R18E, Secs. 1 2, 11, 12, 13, & 14; T18N-R19E, Secs. 5, 6, 7, 8, & 18; T21N-R20E, Secs. 10, 11, 12 13, & 14
 
                        
10697
  Sherry N. Arntzen, a/k/a Sherry Arntzen   Hemus, Ltd.   12/12/05     084297     1,845.85 acres, T19N-R19E, Secs. 15, 21 22, 27, 28, 32, & 33
 
                        
10698
  Braden A. Arntzen, Et Ux   Hemus, Ltd.   12/12/05     084298     1,168.10 acres, T18N-R19E, Secs. 5, 6, 7, & 8; T19N-R19E, Sec. 15
 
                        
10699
  Keith L. Arntzen, Et Ux   Hemus, Ltd.   12/12/05     084299     5,756.82 acres, T19N-R19E, Secs. 5, 6, 17 20, 21, 26, 27,32, 33, 34 & 35; T19N-R18E, Secs. 31, 32, & 33; T18N-R18E, Secs. 1, 5, & 12; T18N-R19E, Secs. 2, 3, 6, & 7; T20N-R19E, Secs. 32, 10, 11, 12, 13, & 14
 
                        
10704
  Robert C. Rich   Hemus, Ltd.   01/07/06     084300     1,131.62 acres, T21N-R18E, Secs. 5, 6, 7 & 34; T22N-R18E, Sec. 31
 
                        
10705
  Neil A. Rich, Et Ux   Hemus, Ltd.   01/07/06     084301     1,291.62 acres, T21N-R18E, Secs. 5, 6, 7 23& 34; T22N-R18E, Sec. 31
 
                        
10706
  Edward B. Butcher, Tre. Of Milton E. Butcher Revocable Living Trust   Hemus, Ltd.   01/12/06     084302     6,317.81 acres, T20N-R19E, Secs. 11, 12 & 14; T20N-R20E, Secs. 1, 8, 13, 14, 15, 17, 18, 19, 20, 21, 23, 28, 29, & 32; T20N- R21E, Secs. 5, 6, & 7: T21N-R21E, Secs. 31, & 32

9

 

                         
LEASE                    
  NO.   LESSOR   LESSEE          DATE        DOCUMENT NO.   DESCRIPTION
10707
  Edward B. Butcher, Tre. Of Lousie E. Butcher Revocable Living Trust   Hemus, Ltd.   01/12/06     084303     340.00 acres, T20N-R20E, Secs. 9, 21, 22, 27, & 28
 
                        
10708
  Homer J. Arthur   Hemus, Ltd.   01/07/06     084318     2, 977.96 acres, T19N-R19E, Secs. 6, 7, 8, 10, 15, 17 &18; T20N-R19E, Sec. 30
 
                        
10709
  Arlie E. Christensen, Jr.   Hemus, Ltd.   01/19/06     084319     2,172.49 acres, T21N-R18E, Sec. 13; T21N-R19E, Secs. 17, 18, 19, 20, 28 & 29
 
                        
10710
  Norma J. Christensen   Hemus, Ltd.   01/19/06     084320     2,172.49 acres, T21N-R18E, Sec. 13; T21N-R19E, Secs. 17, 18, 19, 20, 28 & 29
 
                        
10711
  Lawrence E. Wickens   Hemus, Ltd.   01/17/06     084321     2,051.74 acres, T19N-R18E, Secs. 1, 2, 3, 10, 11, & 13; T20N-R18E, Secs. 33, 34, & 35; T20N-R19E, Sec. 31
 
                        
17012
  Michael E. Wickens, Et Ux   Hemus, Ltd.   01/17/06     084323     833.80 acres, T20N-R18E, Sec. 27; T19N-R18E, Sec. 2
 
                        
17013
  John L. Wickens, Et Ux   Hemus, Ltd.   01/17/06     084324     4,226.40 acres, T19N-R18E, Secs. 3, & 18 T20N-R18E, Secs. 22, 23, 24, 25, & 26; T19N-R17E, Secs. 13, 24, 31, & 32; T18N- R17E, Secs. 4, 5, 6, 7, & 18
 
                        
10723
  Jean E. Wickens, Tre.   Hemus, Ltd.   02/01/06     084325     1,109.89 acres, T19N-R18E, Secs. 1,2, 11, & 13; T19N-R19E, Sec. 6; T20N-R19E, Sec. 31
 
                        
10724
  Jean E. Wickens   Hemus, Ltd.   02/01/06     084327     3,274.06 acres, T19N-R18E, Sec. 2, 3, 10 11, & 12: T20N-R18E, Secs. 22, 23, 26, 27, 33, 34, & 35
 
                        
10725
  David J. Wickens, Et Ux   Hemus, Ltd.   02/01/06     084326     354.54 acres, T19N-R18E, Sec. 11; T19N- R19E, Sec. 6; T20N-R18E, Secs. 25 & 26; T20N-R19E, Sec. 31
 
                        
10726
  Patrick R. Fordyce, Et Ux   Hemus, Ltd.   02/01/06     084328     4,147.52 acres, T19N, R17E, Secs. 1, 10, 11, 12, 13, 14, &15; T19N-R18E, Secs. 6, 8, & 9; T20N-R18E, Secs. 7, 8, 17, 18, 19, & 20

10

 

                         
LEASE                    
  NO.   LESSOR   LESSEE          DATE        DOCUMENT NO.   DESCRIPTION
10727
  Paul A. Tyler, Et Ux   Hemus, Ltd.   01/30/06     084329     2, 200.00 acres, T19N-R18E, Secs. 2, 3, 10, 11 & 12; T20N-R18E, Secs. 33, 34 & 35
 
                        
10728
  Thomas W. Wickens   Hemus, Ltd.   01/30/06     084330     2,605.80 acres, T19N-R18E, Secs. 1, 2, 3, 10, 11, & 13; T20N-R18E, Secs. 22, 23, 26, & 27; T20N-R19E, Sec. 31
 
                        
10729
  Lawrence E. Wickens   Hemus, Ltd.   01/30/06     084331     640.00 acres, T19N-R18E, Sec. 12
 
                        
10734
  **Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06     084332     See Numbers 10734 Through 10770 Below
 
                        
10734
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           40.0 acres, T18N, R17E, Sec. 5
 
                        
10735
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           80.0 acres, T18N, R17E, Sec. 6
 
                        
10736
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           160 acres, T18N, R17E, Sec. 7
 
                        
10737
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           40.0 acres, T18N, R17E, Sec. 8
 
                        
10738
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           515.0 acres, T19N, R17E, Sec. 23
 
                        
10739
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           120.0 acres, T19N, R17E, Sec. 26
 
                        
10740
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           160.0 acres, T19N, R17E, Sec. 32
 
                        
10741
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           240.0 acres, T19N, R17E, Sec. 33
 
                        
10742
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           40.0 acres, T19N, R18E, Sec. 3
 
                        
10743
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           240.0 acres, T19N, R18E, Sec. 4
 
                        
10744
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           80.0 acres, T19N, R18E, Sec. 5
 
                        
10745
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           160.0 acres, T19N, R18E, Sec. 9
 
                        
10746
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           40.0 acres, T19N, R18E, Sec. 10
 
                        
10747
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           160.0 acres, T19N, R18E, Sec. 15
 
                        
10748
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           40.0 acres, T19N, R18E, Sec. 21
 
                        
10749
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           40.0 acres, T19N, R18E, Sec. 22
 
                        
10750
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           200.0 acres, T19N, R18E, Sec. 32
 
                        
10751
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           312.5 acres, T19N, R20E, Sec. 31
 
                        
10752
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           80.0 acres, T19N, R20E, Sec. 32
 
                        
10753
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           322.28 acres, T20N, R18E, Sec. 7
 
                        
10754
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           200.0 acres, T20N, R18E, Sec. 26
 
                        
10755
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           150.15 acres, T20N, R18E, Sec. 31
 
                        
10756
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           80.0 acres, T20N, R19E, Sec. 20
 
                        
10757
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           80.0 acres, T20N, R19E, Sec. 29

11

 

                         
LEASE                    
  NO.   LESSOR   LESSEE          DATE        DOCUMENT NO.   DESCRIPTION
10758
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           160.0 acres, T21N, R17E, Sec. 2
 
                        
10759
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           240.0 acres, T21N, R17E, Sec. 5
 
                        
10760
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           120.0 acres, T21N, R17E, Sec. 6
 
                        
10761
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           80.0 acres, T21N, R17E, Sec. 7
 
                        
10762
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           40.0 acres, T21N, R17E, Sec. 8
 
                        
10763
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           280.0 acres, T21N, R17E, Sec. 15
 
                        
10764
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           80.0 acres, T21N, R17E, Sec. 31
 
                        
10765
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           240.0 acres, T21N, R17E, Sec. 32
 
                        
10766
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           160.0 acres, T21N, R17E, Sec. 34
 
                        
10767
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           313.2 acres, T21N, R19E, Sec. 6
 
                        
10768
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           160.0 acres, T21N, R19E, Sec. 26
 
                        
10769
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           80.0 acres, T21N, R19E, Sec. 27
 
                        
10770
  Northwest Farm Credit Services, Inc.   Hemus, Ltd.   01/30/06           160.0 acres, T21N, R19E, Sec. 28
 
                        
10771
  Geneva B. Benes   Hemus, Ltd.   02/14/06     084333     1,879.62 acres, T21N-R19E, Secs. 23, 24, 25, & 26; T21N-R20E, Sec.19; T22N-R19E, Secs. 32 & 33
 
                        
10772
  Shirley Benes   Hemus, Ltd.   02/14/06     084334     1,879.62 acres, T21N-R19E, Secs. 23, 24, 25, & 26; T21N-R20E, Sec.19; T22N-R19E, Secs. 32 & 33
 
                        
10773
  Linda Y. Lyons   Hemus, Ltd.   02/09/06     084340     3,720.00 acres, T19N-R18E, Secs. 15, 17, 20, 21, 22, 27, 28, 29, 32, & 33
 
                        
10774
  Keith L. Arntzen, Et Ux   Hemus, Ltd.   02/13/06     084336     3,720.00 acres, T19N-R18E, Secs. 15, 17, 20, 21, 22, 27, 28, 29, 32, & 33
 
                        
10775
  Tammie R. Poser, a/k/a Tammie R. Fordyce   Hemus, Ltd.   02/10/06     084335     2,197.52 acres, T19N-R17E, Secs. 1, 10, 11, 12 & 15; T20N-R18E, Secs. 7, 8, 17, 18, 19 & 20
 
                        
10776
  Viola Shoffet, a/k/a Viola Fordyce Shoffet   Hemus, Ltd.   02/07/06     084341     2,197.52 acres, T19N-R17E, Secs. 1, 10, 11, 12, & 15; T20N-R18E, Secs. 7, 8, 17, 18, 19, & 20

12

 

                         
LEASE                    
  NO.   LESSOR   LESSEE          DATE        DOCUMENT NO.   DESCRIPTION
10779
  Fergus Associates, Inc.   Hemus, Ltd.   02/17/06     084342     3,631.61 acres, T20N-R19E, Secs. 2, 11, & 12; T20N-R20E, Secs. 1, 2, 3, 10, 11, & 12; T21N-R18E, Sec. 27; T21N-R20E, Secs. 25, 26, 27, & 35
 
                        
10780
  Nolan P. Barrett, Et Ux   Hemus, Ltd.   02/22/06     084343     3, 729.60 acres, T20N-R18E, Secs. 29, 30 31,& 32; T20N-R17E, Secs. 10, 13, 14, 15, 16, 21, 22, 23, & 24
                         
LEASE                    
  NO.   LESSOR   LESSEE          DATE        DOCUMENT NO.   DESCRIPTION
10781
  Wytana Properties Limited Partnership   Hemus, Ltd.   03/07/06     084344     19,647.48 acres, T19N-R20E, Secs. 1, 2, 3 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 33, 34, & 35; T20N-R20E, Secs. 22, 23, 26, 27, 28, 32, 33, 34, & 35; T19N-R21E, Secs. 4, 5, 7 8, 9, 17, 18, 19, 20, 21, 29, & 30
 
                        
10782
  Anton J. Stulc, Jr., a/k/a Toney J. Stulc, Jr., Et Ux   Hemus, Ltd.   03/08/06     084345     2,800.34 acres, T21N-R17E, Secs. 2, 3, 4, 5, 6, 8, 9, 10, 11, & 15; T22N-R17E, Secs. 33 & 34
 
                        
10783
  Rudy J. Stulc   Hemus, Ltd.   03/08/06     084346     2,520.34 acres, T21N-R17E, Secs. 2, 3, 4, 5, 6, 8, 9, 10, & 11; T22N-R17E, Secs. 33 & 34
 
                        
10784
  Wallace B. Ayers, Et Ux   Hemus, Ltd.   03/01/06     084347     2,880.00 acres, T20N-R18E, Secs. 29, 30, 31, & 32; T20N-R17E, Secs. 10, 13, 14, 15 16, 21, 23, & 24

13

 

                         
LEASE                    
  NO.   LESSOR   LESSEE          DATE        DOCUMENT NO.   DESCRIPTION
10785
  Daryl G. Ayers, Et Ux   Hemus, Ltd.   02/22/06     084348     2,880.00 acres, T20N-R18E, Secs. 29, 30, 31, & 32; T20N-R17E, Secs. 10, 13, 14, 15, 16, 21, 23, & 24
 
                        
10788
  Paul M. Barrett, Et Ux   Hemus, Ltd.   03/03/06     084349     3,400.00 acres, T20N-R18E, Secs. 29, 30, 31, & 32; T20N-R17E, Secs. 10, 13, 14, 15 16, 21, 22, 23, & 24
 
                        
10789
  Grace Virginia Peterson and Heil Haight, Tres. Of Haight Tr.   Hemus, Ltd.   02/09/06     084356     4,045.53 acres, T20N-R17E, Secs. 12 & 13 T20N-R18E, Secs. 7, 18, 19, 20, 21, 22, 27 28, 29, 32, 33, & 34
 
                        
10790
  Moseman 75, Inc.   Hemus, Ltd.   03/29/06     084357     1,600.33 acres, T19N-R19E, Secs. 17, 18, 19, 20, 30, & 31; T19N-R18E, Secs. 24 & 25; T18N-R19E, Sec. 6
 
                        
10791
  Ervin F. Warneke, a/ka Erwin F. Warneke, Indiv. and Atty-Fact for Margaret Warneke   Hemus, Ltd.   03/29/06     084358     1,360.00 acres, T19N-R18E, Secs. 22, 23, 26, 27, 34, & 35
 
                        
10792
  Daniel C. Moseman   Hemus, Ltd.   03/29/06     084359     1,491.06 acres, T19N-R19E. Secs. 1, 2, 11 12, 14, & 30; T19N-R20E, Sec. 7
 
                        
10793
  Curt Moseman   Hemus, Ltd.   03/29/06     084360     1,491.06 acres, T19N-R19E. Secs. 1, 2, 11 12, 14, & 30; T19N-R20E, Sec. 7
 
                        
10794
  Trent D. Goettlich, a/k/a Trent Goettlich, Et Ux   Hemus, Ltd.   03/29/06     084361     3,787.92 acres, T18N-R19E, Sec. 6; T18N- R18E, Sec. 1; T19N-R19E, Secs. 23, 24, 25, 26, 32, & 35; T19N-R20E, Secs. 17, 19, 20, 21, 29, 30, 31, & 32
 
                        
 
                     
10795
  Ernest F. Goettlich, a/k/a Ernie F. Goettlich, Et Ux   Hemus, Ltd.   03/29/06     084362     1,039.48 acres, T18N-R19E, Sec. 5; T19N- R19E, Secs. 32 & 35; T19N-R20E, Secs. 19, 20, 29, & 30
 
                        
10827
  Faye E. Tresch   Hemus, Ltd.   04/04/06     084363     2,866.40 acres, T18N-R19E, Sec. 6; T18N- R18E, Sec. 1; T19N-R19E, Secs. 23, 24, 25, 26, & 35; T19N-R20E, Secs. 29, 30, 31, & 32
 
                        
10828
  Brian K. Goettlich   Hemus, Ltd.   03/28/06     084364     955.10 acres, T19N-R19E, Secs. 24 & 25; T19N-R20E, Secs. 17, 19, 20, 21, & 30

14

 

                         
LEASE                    
  NO.   LESSOR   LESSEE          DATE        DOCUMENT NO.   DESCRIPTION
10829
  Clay Dunlap   Hemus, Ltd.   04/04/06     084365     2,866.40 acres, T18N-R19E, Sec. 6; T18N- R18E, Sec. 1; T19N-R19E, Secs. 23, 24, 25, 26, & 35; T19N-R20E, Secs. 29, 30, 31, & 32
 
                        
10830
  Peterson Ranch & Feed Lot, Inc., a/k/a Peterson
Ranch & Feed Lot, a Montana Corporation 		  Hemus, Ltd.   04/03/06     084368     2,956.76 acres, T21N-R18E, Sec. 34; T21N-R20E, Secs. 1, 2, 3, 4, 5, 9, 10, 11, & 12
 
                        
10831
  Jack Dunlap   Hemus, Ltd.   04/04/06     084366     2,866.40 acres, T18N-R19E, Sec. 6; T18N- R18E, Sec. 1; T19N-R19E, Secs. 23, 24, 25, 26, & 35; T19N-R20E, Secs. 29, 30, 31, & 32
 
                        
10842
  Jean M. Tuss   Hemus, Ltd.   04/18/06     084367     240.00 acres, T21N-R19E, Sec. 22
 
                        
10843
  John J. Blazicevich, Sr., Et Al, Tres. Of The Blazicevich Family Trust Dated 6/14/91   Hemus, Ltd.   04/25/06     084369     1,837.32 acres, T21N-R19E, Secs. 11, 12, & 13; T21N-R20E, Secs. 5, 6, & 7
 
                        
10844
  *Marjorie Ann McLean, a/k/a Marjorie Ann Morse   Hemus, Ltd.   04/19/06     084370     959.63 acres, T21N-R19E, Secs. 1, 2, 11, & 12; T21N-R20E, Sec. 6
 
                        
10845
  *Charlotte Kirby   Hemus, Ltd.   04/14/06     084373     959.63 acres, T21N-R19E, Secs. 1, 2, 11, & 12; T21N-R20E, Sec. 6
 
                        
10846
  *Linda Rae Carlson   Hemus, Ltd.   04/18/06     084372     959.63 acres, T21N-R19E, Secs. 1, 2, 11, & 12; T21N-R20E, Sec. 6
 
                        
10847
  Joseph C. Peters, Jr., Et Ux   Hemus, Ltd.   04/12/06     084371     959.63 acres, T21N-R19E, Secs. 1, 2, 11, & 12; T21N-R20E, Sec. 6
 
                        
10848
  Lawrence J. Tuss, a/k/a Larry J. Tuss, Et Ux   Hemus, Ltd.   04/17/06     084374     639.00 acres, T21N-R19E, Secs. 27 & 28
 
                        
 
                       
10849
  BGH, LLP, a Montana Limited Liability Partnership   Hemus, Ltd.   04/17/06     084375     2,996.00 acres, T21N-R20E, Secs. 1, 2, 3, 4, 5, 9, 10, 11, & 12
 
                        
10851
  *Tracy Flesh, a/k/a Tracy Flesch   Hemus, Ltd.   04/30/06     084378     959.63 acres, T21N-R19E, Secs. 1, 2, 11, & 12; T21N-R20E, Sec. 6

15

 

                         
LEASE                    
  NO.   LESSOR   LESSEE          DATE        DOCUMENT NO.   DESCRIPTION
10852
  Joseph W. Tuss   Hemus, Ltd.   04/18/06     084379     640.00 acres, T21N-R19E, Secs. 21 & 22; T21N-R18E, Secs. 3, 4, & 9
 
                        
10853
  Gordon J. Iverson   Hemus, Ltd.   04/14/06     084380     2,120.00 acres, T21N-R19E, Secs. 10, 11, 13, 14, 15, & 23
 
                        
10854
  *Lindsey Scheifler, a/k/a Lindsey Ehlers   Hemus, Ltd.   04/12/06     084381     959.63 acres, T21N-R19E, Secs. 1, 2, 11, & 12; T21N-R20E, Sec. 6
 
                        
10855
  *Kenneth Duncan McLean   Hemus, Ltd.   05/08/06     084382     959.63 acres, T21N-R19E, Secs. 1, 2, 11, & 12; T21N-R20E, Sec. 6
 
                        
10856
  Ruby Thomas   Hemus, Ltd.   05/08/06     084383     2,080.00 acres, T21N-R19E, Secs. 10, 11, 13, 14, 15, 23, & 24
 
                        
10857
  *Malcolm Joseph McLean   Hemus, Ltd.   05/02/06     084384     959.63 acres, T21N-R19E, Secs. 1, 2, 11, & 12; T21N-R20E, Sec. 6
 
                        
10858
  Edith Denny   Hemus, Ltd.   05/08/06     084385     2,080.00 acres, T21N-R19E, Secs. 10, 11, 13, 14, 15, 23, & 24
 
                        
10881
  Effie Hinrichs   Hemus, Ltd.   05/08/06     084386     2,080.00 acres, T21N-R19E, Secs. 10, 11, 13, 14, 15, 23, & 24
 
                        
10882
  Patricia C. Barnes   Hemus, Ltd.   05/25/06     084391     4,361.37 acres, T19N-R18E, Secs. 19, 20, 29, 30, & 31; T19N-R17E, Secs. 23, 25, 26 & 35
 
                        
10883
  Roger A. Berg   Hemus, Ltd.   05/31/06     084392     3,563.72 acres, T19N-R18E, Secs. 5, 6, 7 8, 9, 30, & 31; T19N-R17E, Secs. 23, 25, 26, & 35;
 
                        
10884
  Donald W. Smith, Et Ux   Hemus, Ltd.   05/26/06     084393     1,434.20 acres, T21N-R17e, Secs. 14, 22, & 27; T21N-R18E, Secs. 19, 29, 30, & 31
 
                        
10885
  Violie Lee Kreider   Hemus, Ltd.   05/08/06     084394     2,080.00 acres, T21N-R19E, Secs. 10, 11, 13, 14, 15, 23, & 24
 
                        
10887
  James E. Patranek   Hemus, Ltd.   06/07/06     084395     2,249.10 acres, T20N-R20E, Secs. 13, 14, 23, 24, 25 & 35; T19N-R20E, Secs. 1, & 2
 
                        
10888
  David H. Patranek   Hemus, Ltd.   06/01/06     084396     2,569.10 acres, T21N-R20E, Sec. 33; T20N R20E, Secs. 13, 14, 23, 24, 25, & 35; T19 N-R20E, Secs. 1 & 2

16

 

                         
LEASE                    
  NO.   LESSOR   LESSEE          DATE        DOCUMENT NO.   DESCRIPTION
10896
  Evelyn Olson, a/k/a Evelyn Olsen   Hemus, Ltd.   06/20/06     084397     960.00 acres, T21N-R20E, Secs. 5, 7, 8 & 9
 
                        
10897
  Murray C. Jimmerson, et ux, Tres. Of Jean E. Jimmerson Rev. Tr.   Hemus, Ltd.   06/15/06     084401     1503.00 acres, T19N-R18E, Secs. 7, 8, 17, & 18
 
                        
10898
  Murray C. Jimmerson, et ux, Tres. Of Murray C. Jimmerson Rev. Tr.   Hemus, Ltd.   06/15/06     084402     1503.00 acres, T19N-R18E, Secs. 7, 8, 17, & 18
 
                        
10899
  Larry C. Udelhoven   Hemus, Ltd.   06/21/08     084403     1,684.14 acres, T20N-R18E, Secs. 1, 2, 11 & 12; T20N-R19E, Secs. 7, 11, & 14
 
                        
10900
  Steven R. Knox, Et Ux   Hemus, Ltd.   06/21/06     084405     840.00 acres, T21N-R20E, Secs. 5, 7, & 8
 
                        
10901
  *Amy Scheifler, a/k/a Amy Phines   Hemus, Ltd.   04/20/06     084406     959.63, T21N-R19E, Secs. 1, 2, 11, & 12; T21N-R20E, Sec. 6
 
                        
10903
  Janice D. Foster   Hemus, Ltd.   06/27/06     084407     2137.95 acres, T20N-R18E, Secs. 3, 4, 5, & 8; T21N-R18E, Secs. 31, & 32
 
                        
10904
  Vangie E. McConnell   Hemus, Ltd.   06/27/06     084408     2137.95 acres, T20N-R18E, Secs. 3, 4, 5, & 8; T21N-R18E, Secs. 31, & 32
 
                        
10905
  Melvin G. Udelhoven   Hemus, Ltd.   06/20/06     084409     1638.56 acres, T20N-R18E, Secs. 1, 2, 11 & 12; T20N-R19E, Secs. 7, 11, & 14
 
                        
10906
  Eileen M. Econom, a widow, as to a Life Estate   Hemus, Ltd.   06/28/06     084410     5,125.20 acres, T20N-R18E, Secs. 3, 4, 12 13, & 24; T20N-R19E, Secs. 7 & 18; T21N- R17E, Secs. 23 & 24; T21N-R18E, Secs. 4 5, 9, 10, 15, 23, 24, 25, 26, 28, 29, 32, & 33; T21N-R19E, Sec. 30; T22N-R18E, Secs 29, 32, & 33
 
                        
10907
  Eileen M. Econom, a widow, as to a Life Estate Nicholas J. Econom, et ux as Remainderman   Hemus, Ltd.   06/28/06     084411     683.84 acres, T22N-R18E, Secs. 29, 32, & 33
 
                        
10908
  Eileen M. Econom, a widow, as to a Life Estate Mike Schmitt, et ux, as Remainderman   Hemus, Ltd.   06/28/06     084412     3,217.79 acres, T20N-R18E, Secs. 3, & 4; T21N-R17E, Secs. 23, & 24; T21N-R18E, Secs. 4, 5, 9, 10, 15, 23, 24, 25, 26, 28, 29 32, & 33
 
                        
10909
  Eileen M. Econom, a widow, as to a Life Estate Keith W. Meckling, et ux, as Remainderman   Hemus, Ltd.   06/28/06     084413     899.70 acres, T20N-R18E, Secs. 12, 13, & 24; T20N-R19E, Secs. 7 & 18

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LEASE                    
  NO.   LESSOR   LESSEE          DATE        DOCUMENT NO.   DESCRIPTION
10922
  Terry Econom   Hemus, Ltd.   07/06/06     084250     676.87 acres, T21N-R18E, Secs. 9, 10, & 15; T21N-R19E, Sec. 30
 
                        
10923
  Carol J. LaTray   Hemus, Ltd.   07/06/06     084249     250.98 acres, T19N-R19e, Secs. 20 & 21
 
                        
10924
  Maxine E. Lechner   Hemus, Ltd.   07/06/06     084248     811.62 acres, T21N-R18E, Secs. 5, 6, & 7; T22N-R18E, Sec. 31
 
                        
10925
  Thomas E. Philip   Hemus, Ltd.   07/06/06     084251     825.06 acres, T20N-R19E, Secs. 17, 18, 20, & 35
 
                        
10926
  Charles H. Philip, Et Ux   Hemus, Ltd.   07/06/06     084252     1662.05 acres, T20N-R18E, Secs. 13, 24, 25, 26, 34, & 35; T20N-R19E, Secs. 17, 18 19, 20, & 35
 
*   Ratification of OGL #10847
 
**   Abstract of Oil and Gas Mining Lease
 
**   Abstract of Oil and Gas Mining Lease covering
  OGL Numbers 10734 through 10770

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     2: Save and except that certain real property located in Fergus County, State of Montana, and more particularly described as follows:
S2/NE4, Section 15, Township 19 North, Range 17 East of the Montana Principal Median
E2/SW4, SW4/SE4, Section 33, Township 19 North, Range 17 East of the Montana Principal Median
NW4/SE4, Section 32, Township 19 North, Range 18 East of the Montana Principal Median
Lots 1, 2, 3, 4: S2/N2, W2/SE4, NE4/SW4, Section 1, Township 19 North, Range 19 East of the Montana Principal Median
Lots 1, 2: NE4/SE4, SE4/NE4, Section 2, Township 19 North, Range 19 East of the Montana Principal Median
NW4/NE4, Section 12, Township 19 North, Range 19 East of the Montana Principal Median
S2/NE4, N2/SE4, Section 18, Township 19 North, Range 19 East of the Montana Principal Median
SE4/SE4, Section 25, Township 19 North, Range 19 East of the Montana Principal Median
Lots 1, 2, 3 & SW4/SE4, Section 30, Township 19 North, Range 20 East of the Montana Principal Median
SW4, W2/SE4, Section 4, Township 19 North, Range 21 East of the Montana Principal Median
E2/SW4, Section 5, Township 19 North, Range 21 East of the Montana Principal Median
SW4, Section 8, Township 19 North, Range 21 East of the Montana Principal Median
E2/SW4 & W2/SE4, Section 11, Township 20 North, Range 17 East of the Montana Principal Median
Lot 6, Section 5, Township 20 North, Range 20 East of the Montana Principal Median
S2/NE4, NW4/NE4, E2/NW4, NW4/NW4, Section 13, Township 20 North, Range 20 East of the Montana Principal Median
E2/SE4, Section 15, Township 20 North, Range 20 East of the Montana Principal Median
N2/NW4, Section 23, Township 20 North, Range 20 East of the Montana Principal Median
SE4/NW4, Section 24, Township 20 North, Range 20 East of the Montana Principal Median
Lot 1, Section 31, Township 20 North, Range 20 East of the Montana Principal Median
N2/NE4 & SE4/NE4, Section 8, Township 21 North, Range 17 East of the Montana Principal Median

19