ASSIGNMENT OF WORKING INTEREST

EX-10.2 5 ex10_2.htm EXHIBIT 10.2 Exhibit 10.2

 

 

Chevron #22-8D
Lease No. 687400

 

ASSIGNMENT OF WORKING INTEREST

 

This Assignment made this 1st day of April 2003 from PETROLEUM DEVELOPMENT CORPORATION, a Nevada Corporation, (herein called "Assignor") to PDC 2003-B, 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 extentthat 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 #22-80
Lease No. 687400

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 13, 2006 between Petroleum Development Corporation, a Nevada corporation, and PDC 2003-B 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 April 1, 2003 and recorded as Instrument No. 649056 in the real property records of Garfield County, Colorado.

      2. Amendment. Petroleum Development ..Corporation and PDC 2003-B 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-B 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. 11-02-2002 623085 T6S, R96W, Sec. 8:SE4NW4 Garfield Colorado 0.1482 687400

 

 

 

 


 


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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
Puckett 257-1 Puckett Land Company 11-15-1999 556562/1164 T7S, R97W Sec. 1:SW4SE4 Garfield Colorado 0.9982 636800

 

 

 

 


 


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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
Puckett 255-1 Puckett Land Company 11-15-1999 556562/1164 T7S, R97W Sec. 1:NWSE Garfield Colorado 0.9982 636800

 

 

 

 

 


 


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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
Chevron 12-8D Monson Bros. Company 11-02-2002 623085 T6S, R96W
Sec.8:Lots 1,3,4,5,7,8,13,14,15
Weld Colorado 0.9982 687400

 

 

 

 

 


 


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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
Chevron 13-7D Chevron USA, Inc. 11-15-2002 623086 T6S,R96W, Sec. 7: NWSW Garfield Colorado 0.9982 691300

 

 

 

 

 


 


ASSIGNMENT OF WORKING INTEREST

This Assignment made this 1st day of  September 2003 from PETROLEUM DEVELOPMENT CORPORATION, a Nevada Corporation, (herein called "Assignor") to PDC 2003-B, 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 communitization 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.

 

 


 


 

 

 


 


AMENDMENT TO
ASSIGNMENT OF WORKING INTEREST

 

THIS AMENDMENT TO ASSIGNMENT OF WORKING INTEREST is made February 9, 2006 between Petroleum Development Corporation, a Nevada corporation, and PDC 2003-B Limited Partnership, a West Virginia limited partnership whose address is P. 0. 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 September 1, 2003 and recorded as Instrument No. 3142449 in the real property records of Weld County, Colorado.

2.  Amendment.  Petroleum Development Corporation and PDC 2003-B 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-B LIMITED PARTNERSHIP

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
State Peterson 14-16 State of Colorado 08-13-1988 2153525 T5N, R63W Sec 16: SW4SW4 Weld Colorado 0.873425 683700

 

 

 

 


 


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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
J & L Farms 32-29D J & L Farms 03-23-1988 2136094/1190 T6N, R63W Sec. 29: NW4NE4 Weld Colorado 0.873425 690400

 

 

 

 


 


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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
Uhrich 43-8 Harold R. Uhrich Co. 11-23-1981 1884446/962 T6N, R64W Sec. 8: NE4SE4 Weld Colorado 0.873425 696900

 

 

 


 


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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
State Peterson 13-16 State of Colorado 06-18-1980 2153525/1207 T5N, R63W Sec. 16: NW4SW4 Weld Colorado 0.873425 683700

 

 

 

 


 


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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
State Peterson 23-16 State of Colorado 06-18-1980 2153525/1207 T5N, R63W Sec. 16: NE4SW4 Weld Colorado 0.873425 683700

 

 

 

 

 


 


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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
McIntosh 43-23 Union Pacific Resources Co. 03-31-1990 2225869/1275 T6N, R64W Sec. 23: NE4SE4 Weld Colorado 0.873425 696800

 

 

 


 


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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
J & L Farms 12-29 J & L Farms 03-23-1988 2215140/1265 T6N, R63W Sec. 29: SW4NW4 Weld Colorado 0.873425 690300

 

 

 

 


 


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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
State Peterson 32-16 State of Colorado 08-13-1988 2153525 T5N, R63W Sec. 16: SWNE Weld Colorado 0.873425 680900

 

 

 


 


 

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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
McIntosh 44-23 Union Pacific Resources 03-31-1990 2225869/1275 T6N, R64W Sec 23: SESE Weld Colorado 0.873425 696800

 

 

 

 


 


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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
Wells Ranch 14-1 Anadarko B & P Co.
and
Anadarko Land Corp.
10-03-2003 3230201 T5N, R63W Sec1: SWSW Weld Colorado 0.79856 691000

 

 

 

 

 


 


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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
State Peterson 31-16 State of Colorado 08-13-1988 2153525 T5N, R63W Sec. 16: NW4NE4 Weld Colorado 0.873425 680900

 

 

 

 

 


 


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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
J & L Farms 21-29 J & L Farms 03-23-1988 2136094/1190 T6N, R63W Sec 29: NENW Weld Colorado 0.873425 690300

 

 

 

 


 


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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
State Lease 81 #24-16 State of Colorado 09-25-1989 2202580 T6N, R64W Sec. 16 SESW Weld Colorado 0.873425 681700

 

 

 

 


 


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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
Monson 13-20 Monson Bros. Company 01-10-2003 3027312 T6N, R65W Sec. 20: NW4SW4 Weld Colorado 0.9982 691600
USA 05-01-2003 3173822 734100

 

 

 

 


 


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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
State 8461 #12-16 State of Colorado 06-01-1981 2153652 T6N, R64W Sec. 16:SW4NW4 Weld Colorado 0.873425 699100

 

 

 


 


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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
Monson 23-20 Monson Bros. Company 11-10-2003 3027312 T6N, R65W Sec. 20:NESW Weld Colorado 0.9982 691600

 

 

 

 

 


 


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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
Kreps Trust 44-6 David Kreps, Jr. 10-29-2000 2803092 T6N, R64W Sec. 6:SE4 Weld Colorado 0.9982 658600
Elmer C. Rossman 10-24-2000 2803089 658900
Alfred J. Greenwalt, et ux 11-06-2000 2808947 659800
Dorothy R. Hoff 10-27-2000 2803090 658800
Marion Forbes 10-25-2000 2803091 658700

 

 

 


 


 

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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
Kreps Trust 34-6 David Kreps, Jr. 10-29-2000 2803092 T6N, R64W Sec. 6:SE4 Weld Colorado 0.9982 658600
Elmer C. Rossman 10-24-2000 2803089 658900
Alfred J. Greenwalt, et ux 11-06-2000 2808947 659800
Dorothy R. Hoff 10-27-2000 2803090 658800
Marion Forbes 10-25-2000 2803091 658700

 

 

 


 


 

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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
Webster 42-11 Anadarko E & P Co.
and
Anadarko Land Corp.
12-27-2002 3243364 T6N, R65W, Sec. 11: SENE Weld Colorado 0.9982 688300

 

 

 


 


 

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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
Webster 41-11 Anadarko E & P Co.
and
Anadarko Land Corp.
12-27-2002 3243364 T6N, R65W, Sec. 11: NE4NE4 Weld Colorado 0.9982 688300

 

 

 

 

 


 


 

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

 

WELL NAME LESSOR OR ASSIGNOR LEASE DATE RECEPTION NO.
BOOK/PAGE
LEGAL DESCRIPTION COUNTY STATE ASSIGNED
INTEREST
LEASE NO.
J & L Farms 11-29 J & L Farms 03-23-1988 2136094/1190 T6N, R63W Sec 29: NWNW Weld Colorado 0.873425 690300