HomeMy WebLinkAboutP0 5960: OIL AND GAS LEASESP. O. No. 5960
12/03/08 is
ORDINANCE NO.
AN ORDINANCE AMENDING SUBSECTION (5) OF
SECTION 66-3 (A) OF THE CODE OF ORDINANCES AS
IT PERTAINS TO OIL AND GAS LEASES AND
PROVIDING FOR PUBLICATION
WHEREAS, Subsection (5) of Section 66-3 (a) of the Code of
Ordinances as it pertains too oil and gas leases reads as follows:
"Sec. 66-3. Well Spacing.
(a) Permits required.
(5) The owners of royalty under leases, non-
participating royalty created prior to the
execution of leasE~s, overriding royalties, net
profit interests, production payments, and
similar interests shall participate from the
production in any well located on a drilling
unit in the pro~~ortion that the number of
surface square feet in the lot, tract, or
block affected by such interests bear to the
total number of surface square feet in the
drilling unit in which such interests are
located. The permittee and other lease owners
and the owners of any of such interest, or any
of them, shall be able to alter the
obligations as set out in this Section by an
Agreement made b~~ them in writing, provided
that such agreemE~nt is not repugnant to the
other rules and _regulations set out in this
chapter."
;and
WHEREAS, it is deemed in the best interests of the
citizens to amend this Section.
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF PORT ARTHUR:
Section 1. That the facts and opinions in the preamble
are true and correct.
Section 2. That Subsection (5) of Section 66-3 (a) of
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the Code of Ordinances is hereby amended as delineated in Exhibit
..A„
Section 3. That the caption of this Ordinance shall be
published at least one (1) time within ten (10) days after final
passage hereof :in the official newspaper of the city of Port
Arthur.
Section 4. That this Ordinance shall take effect
immediately after the date of pub>lication.
Section 5. That a copy c>f the caption of this Ordinance
be spread upon the Minutes of thE~ City Council.
READ, ADOPTED AND APPROVED on this day of ,
A.D., 2008, at a Council Meeting of the City Council of the City
of Port Arthur, Texas, by the fo7_lowing vote:
AYES: Mayor .~
City Council _ .~
NOES: -
MA'J'OR
ATTEST:
ACTING CITY SECRETARY
APPROVED AS TO FORM:
See Confidential Memo
CITY ATTORNEY
APPROVED FOR ADMINISTRATION:
CITY MANAGER
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EXHIBIT "A"
This language will be presented at or before the City Council Meeting
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