I checked the recorders office Web yesterday Sept.13  Back in Feb. Hilcorp took my Lease form Chesapeake, Chesapeake now took my Lease back again as of Aug. 2 .  Whats going on. Why are they doing this.

Views: 2422

Replies to This Discussion

You mean partial reassignment.  Don't know all the details about that, but it appears to me the partial reassignment has a lot to do with some acreage and details between CHK and Total. 

Mr Robert P.  This might be the excerpt from the Partial reassignment you reference:  It was recorded 8/2/13.

PARTIALREASSIGNMENT AND RECONVEYANCE
STATE OF OHIO COUNTY OF COLUMBIANA
THIS PARTIAL REASSIGNMENT AND RECONVEYANCE (this "Partiat
Reassignment"), dated effective as of November 1, 2}ll at 7:05 a.m. Central Time (the "Effective Time"), is made by TOTAL E&P USA,INC., a Delaware corporation, with a notice address of l20l Louisiana, Suite 1800, Houston, Texas 77002 (hereinafter "TOTAL E&p USA"), to CHESAPEAKE EXPLORATION, L.L.C., an Oklahoma limited liability company, with a notice address of 6100 North Western Avenue, Oklahoma City, Oklahoma fu118 (hereinafter "Chesapeake").
l. Recitais. On or about November l, 2011, Chesapeake and affiliated entities executed that Assignment, Bill of Sale and Conveyance (the "Utica Assignment [1]"), reflecting an effective date of November 1,2011, in favor of CHK Utica, L.L.C., covering an undivided 50% of all of Chesapeake's interest in and to certain oil and gas leases, leasehold interests, operating rights, working interests and net revenue interests, which was recorded on November 23,201l, at Book 1840, Page 55 of the official records of Columbiana County, Ohio. 1.1 On or about December 2,2011, Chesapeake and affiliated entities executed that Amended and Restated Assignment, Bill of Sale and Conveyance (the "Utica Assignment [2]"), reflecting an effective date of November 1,2011, in favor of CHK Utica, L.L.C., covering an undivided 72oh of all of Chesapeake's interest in and to certain oil and gas leases, leasehold interests, operating rights, working interests and net revenue interests, which was recorded on December 12, 2011, at Book 1843, Page 465 of the official records of Columbiana County, Ohio. Utica Assignment [2] nrodifies, amends, restates and replaces Utica Assignment [1].
1.2 On or about December 30,2011, Chesapeake executed that Assignment, Bill of Sale andConveyance (the "TOTAL Assignment"), reflecting an effective date of November 1,2011, in favor of TOTAL E&P USA, covering 89 .2857Y0 of all of Chesapeake's interest in and to certain oil, gas and mineral leases, leasehold interests, operating rights, working interests and net revenue interests, which was recorded on May 4,2012, at Book 1877,Page 107 of the official records of Columbiana County, Ohio.
1.3 On or about January 18,2012, Chesapeake and affiliated entities executed that Amended and Restated Assignment, Bili of Sale and Conveyance (the "Utica Assignment [3]"), reflecting an effective date of November 1,2011, in favor of CHK Utica, L.L.C., covering an undivided 72% of all of Chesapeake's interest in and to certain oil and gas leases, leasehold interests, operating rights, working interests and net revenue interests, which was recorded on November 20,2012, at Book 1923,Page3l7 of the official records of Columbiana County, Ohio. Utica Assignment [3] modifies, amends, restates and replaces Utica Assignment [2].
1.4 Utica Assignment [3] includes and describes oil and gas leases, etc. which were inadverlently omitted from Utica Assignment [2]. By its terms, Utica Assignment [3] replacesUtica Assignment [2]. Utica Assigntnent [3] was intended to be prior in time and effect to theTOTAL Assignment, The TOTAL Assignment was therefore intended to convey to TOTAL E&P USA 89.2857% of all the interest owned by Chesapeake in and to the described oil and gasleases, etc. after giving effect to Utica Assignment [3].
PACE I oF 3
s
s
s
Book 1978. Page 303, Fi]-e Nwlcer 2013-00010956 (Page 2 of 311)
1'5 The above stated 89-2857% of all the interest owned by Chesapeake in and to the oil and gas leases, etc' described in the TOTAL Assignment after giving effect to Utica Assignment is hereinafter [3] referred to as the "TOTAL Share", and rezutts i, fOfaf E&p UsA receiving 25% of the interests held by Chesapeake irnmediately prior to Utica Assiglment [3], withoulgiving effect to either Utica Assignment [1] or Utica Assignment [2]. As-stated, the TOTAL Assignment was intended to convey to TOTAL E&p usA the TorAlShare.
1 .6 Due to the inadvertent recording of the TOTAL Assignment prior to the recording of Utica Assignment [3], the specific interest conveyed to TOTAL E&P USA under the terms of the TOTAL Assignment is confused and creates uncertainty of record.
1.7 Chesapeake and TOTAL E&P USA do hereby desire to establish of record the intended ownership of TOTAL E&P USA in and to those oil, gas, and mineral leases, leasehold interests, operating rights, working interests and net revenue interests described in Exhibit,,A', hereto.
2 Partial Reassignment. For and in consideration of the premises and mutual benefits to be derived hereunder, the receipt and sufficiency of which are hereby acknowledged, TOTAL E&p USA does hereby GRANT, BARGAIN, SELL, coNvEY, ASSIGN, rnaxsrnR, sET OVER AND DELMR unto Chesapeake, any and all right, title and interest which it received under the terms of the TOTAL Assignment insofar and only insofar as such, right, title and interest is in excess of the TOTAL Share in those oil, gas. and mineral leases, leasehold interests, operating rights, working interests and net r"rrenue interests described in Exhibit "A" attached thereto and made a part hereof.
3' IUtent. It is the intent of TOTAL E&P USA to retain the TOTAL Share but to reassign and reconvey, and this Partial Reassignment does hereby reassign and reconvey, unto Chesapeake, the above stated interest in the described oil, gas and rnineral leases, etc., regardless oferrors in description, any incorrect or misspelled names, or any transcribed or incorrect recording references. TO HAVE AND TO HOLD all reassigned and reconveyed interests together with all rights, titles, interests, estates, remedies, powers, and privileges tltereunto appertaining unto Chesapeake. IN WITNESS WHEREOF, TOTAL E&P USA, INC, has executed this instrument on the date of its acknowledgment annexed hereto, but same shall be effective for all purposes as of the Effective time.

_______________________________________________________________

Then there's a bunch or corporate signatures  followed by many pages of Lessors and lease numbers.

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service