Loading...
Res 073-82 4/20/1982RESOLUTION NO. RESOLUTION AUTHORIZING THE PUBLICATION OF NOTICE OF INTENTION TO LEASE FOR OIL AND GAS CERTAIN LANDS LOCATED AT LAKE KICKAPOO IN ARCHER COUNTY, TEXAS. WHEREAS, the City of Wichita Falls has received a request that certain lands owned by the City at Lake Kickapoo in Archer County, Texas, be leased for oil and gas exploration and produc- tion. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS , TEXAS, THAT: SECTION 1. It is advisable, under proper circumstances, to lease for the development of oil and gas that certain 80 acre tract of land located at Lake Kickapoo, Archer County, Texas, as described in Exhibit A, which is attached hereto and incorporated herein by reference. SECTION 2. Any such oil and gas lease shall provide for at least 3/16 royalty, and shall have a primary term of no more than five (5) years. SECTION 3. Any such oil and gas lease may include a pooling provision which meets with the requirements of Subchapter B of Chapter 71 of the Natural Resources Code of the State of Texas. SECTION 4. Under any such oil and gas lease, no acutal drilling may occur on the property covered by such lease unless the location of such well is approved in advance by the City, and meets the specifications designated for protecting the water in the lake; provided, however, such provision would not prohibit the drilling of the well on other lands with which a portion of the leased property was pooled nor the drilling of a directional well under such property. SECTION 5. City shall give notice of intention to lease such lands by publication once a week for three consecutive weeks in a newspaper published in the County, which notice shall describe the land and designate the time and place at which the Board of Aldermen will receive and consider bids for such lease. r SECTION 6. City will not warrant the title to minerals in such land. SECTION 7. The Board of Aldermen reserves the right to reject any and all bids, and to give notice and call for additional bids, if same is determined to be in the best interest of the City. PASSED AND APPROVED this the 20th day of April, 1982 . A Y O R ATTEST: J City Clerk I EXHIBIT A The oil and gas from the surface to a depth of 2 , 000 feet in that certain tract of land located in Archer County, Texas, to-wit: Beginning at a point in the East line of the Dallas County School Land, Ab. 113 and the West line of S. P. RR. No. 1 Ab. 440, that is 1680 feet South of the NE corner of said Dallas County School Land thence South 66 degrees West 1592 feet to a point, thence South 46 degrees 15 minutes West 1048 feet for a point, being the NW corner of this lease, thence South parallel with the East line of the Dallas County School Land 1320 feet for a point being the SW corner of this lease, thence East NE parallel with the North line of this tract 2640 feet to a point in the East line of the Dallas County School Land that is 3 , 000 feet South of the NE corner of the school land for the SE corner of this lease, thence North along the East line of the Dallas County School Land 1320 feet to the place of beginning containing 80 acres more or less.