O-1988-1622 - Laserfiche WebLink

Browse Search

. . . . . OIL . GAS LEASE (Non-Airport Properties) THE STATE OF TEXAS S S COUNTY OF HARRIS S THIS AGREEMENT made and entered into this the 14th day of November, 1988, by and between the CITY OF LA PORTE, a municipal corporation, whose mailing address is P.O. Box 1115, La Porte, Texas 77572-1115, hereinafter called Lessor, and Arkla Exploration Company , whose address is P. O. Box 21734. Shreveport, LA 711'11 ; hereinafter called Lessee, whether one or more, WIT N E SSE T H: 1. GRANTING CLAUSE: Lessor, for Ten and No/lOa Dollars ($10.00) cash in hand paid, and other valuable consideration, receipt of which is hereby acknowledged, hereby grants, leases and let~ exclusively unto Lessee for the purpose of exploring for and producing oil and gas and other liquid hydrocarbons (including other minerals only if produced in conjunction with the production of any liquid or gaseous hydrocarbons produced from the leased premises), together with the non-exclusive use of the surface of the land (to the extent Lessor has such authority) for the purposes reasonably necessary and incident to the exploration for and production, sale and removal of same upon the following terms and conditions, the following described land in Harris County, Texas, to-wit: As fully described in Exhibit nAn attached hereto and made a part hereof. There is expressly reserved and excepted unto Lessor (except as hereinabove provided) all sulphur, coal, lignite, uranium and other fissionable materials, thermal and geothermal energy, base and precious metals and any and all other mineral substances (except those expressly covered in this lease) owned by Lessor in, under, or upon the leased premises, together with the rights of ingress and egress for the purposes of exploration for the production of those mineral_substances and forms of energy hereby reserved and excepted unto Lessor. There is further reserved unto Lessor the right to perform or to authorize others to perform any and all geophysical and geological tests on the leased premises reasonably necessary and incident to the exploration for such mineral substances and forms of energy. Such exploration and production shall not unreasonably . interfere with the operations of the Lessee herein. For the purpose of calculating payments hereinafter provided (except royalties), the land herein described shall be considered to constitute in the aggregate. 46.890 acres, whether actually more or less. 2. TERM OF LEASE: Subject to the other provisions herein contained~iS-lease shall be for a term of three (3) years from this date (called primary term) and as long thereafter as oil, gas, other liquid hydrocarbons, or any thereof, are produced in paying quantities (as hereinafter defined) from the leased premises, or this lease is otherwise maintained in effect as hereinafter provided. Time is of the essence in this lease.