ex10_2.htm





Exhibit 10.2


Booth #24-35


Lease No. 687800


 


ASSIGNMENT OF WORKING INTEREST







This Assignment made this 21st day of November, 2002 from PETROLEUM DEVELOPMENT CORPORATION, a Nevada Corporation, (herein called "Assignor") to 2002-C, 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 pooled therewith, without the obligation to located on the lands described in Exhibit A and lands 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 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 covenant 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 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 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 to the extent described in Paragraph 1, above.


 





  





  











  













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.








	
Witnesses:

	  	
PETROLEUM DEVELOPMENT CORPORATION


	  	  	
A Nevada Corporation


	
/s/ Susan A. Foster

	  	  	  
	
Susan A. Foster

	  	  	  
	  	  	  	  
	
/s/ Rita A. Clark

	  	
BY:

	
/s/ William D. Gainor


	
Rita A. Clark

	  	  	
William D. Gainor


	  	  	  	
Land Manager













	
STATE OF WEST VIRGINIA

	
)

	  
	  	
)

	
TO-WIT:


	
COUNTY OF HARRISON

	
)

	  










The foregoing instrument was acknowledged before me this 26th day of November 2002 by William D. Gainor, Land Manager of Petroleum Development Corporation, a Nevada Corporation, for and on behalf of the Corporation.  He executed foregoing for the purposes therein contained.








	
OFFICIAL SEAL

	  	
/s/ Rita A. Clark


	
Notary Public State of West Virginia


RITA A. CLARK


Petroleum Development Corporation


103 East Main Street, Box 26


Bridgeport, WV 26330


My commission expires June 2, 2009

	  	
Rita A. Clark


Notary Public - State of West Virginia


County of Harrison


My Commission expires: June 2,2009


 












This instrument was prepared by:







Petroleum Development Corporation


103 East Main Street P.O. Box 26


Bridgeport, WV 26330










  





  











  








 



Booth #24-35


Lease No. 687800






AMENDMENT TO


ASSIGNMENT OF WORKING INTEREST







THIS AMENDMENT TO ASSIGNMENT OF WORKING INTEREST is made February l, 2006 between Petroleum Development Corporation, a Nevada corporation, and PDC 2002-C 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 November 21, 2002 and record as Instrument No. 3063467in the real property records of Weld County, Colorado.







2. Amendment.   Petroleum Development Corporation and PDC 2002-C Limited Partnership hereby amend the Original Assignment by deleting in its entirety the Exhibit A that is attached to this instrument and all other provisions of 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.








	  	
PDC 2002 C LIMITED PARTNERSHIP


	  	  	  
	  	
By:

	
Petroleum Development Corporation


	  	  	
As Managing General Partner


	  	  	  
	  	
By:

	
/s/ Ersel E. Morgan, Jr.


	  	  	
Ersel E. Morgan, Jr. as Vice President













	
STATE OF WEST VIRGINIA

	
§

	  
	  	
§

	
ss.


	
COUNTY OF HARRISON

	
§

	  










The foregoing instrument was acknowledged before me this 16th day of March, 2006, by Ersel E. Morgan, as Vice President of Petroleum Development Corporation, the Managing General Partner of PDC 2002-C Limited Partnership, a West Virginia limited partnership.







Witness my hand and official seal








	  	  	
/s/ Rita A. Clark


	
OFFICIAL SEAL


Notary Public State of West Virginia


RITA A. CLARK


Petroleum Development Corporation


103 East Main Street, Box 26


Bridgeport, WV 26330


My commission expires June 2, 2009

	  	
Rita A. Clark as Notary Public


Harrison County, State of West Virginia


My Commission expires: June 2,2009


 















  





  











  













EXHIBIT "A"


AMENDMENT TO ASSIGNMENT OF WORKING INTEREST


PDC 2002-C LIMITED PARTNERSHIP








	
WELL NAME

	
LESSOR OR ASSIGNOR

	
LEASE DATE

	
RECEPTION NO. BOOK/PAGE

	
LEGAL DESCRIPTION

	
COUNTY

	
STATE

	
ASSIGNED INTEREST

	
LEASE NO.


	
Booth 24-35

	
Anadarko E & P Company


And Anadarko Land Corporation

	
12-04-2002

	
3040481

	
T7N, R65W Sec. 35: SE4SW4

	
Weld

	
Colorado

	
0.9970

	
687800















  





  











  













EXHIBIT "A"


AMENDMENT TO ASSIGNMENT OF WORKING INTEREST


PDC 2002-C LIMITED PARTNERSHIP








	
WELL NAME

	
LESSOR OR ASSIGNOR

	
LEASE DATE

	
RECEPTION NO. BOOK/PAGE

	
LEGAL DESCRIPTION

	
COUNTY

	
STATE

	
ASSIGNED INTEREST

	
LEASE NO.


	
Ehrlich 13-32

	
Henry Printz, Jr., et ux

	
11-19-1981

	
1876412/954

	
T6N, R64W Sec. 7: SW4NE4

	
Weld

	
Colorado

	
0.872375

	
661800















  





  











  













EXHIBIT "A"


AMENDMENT TO ASSIGNMENT OF WORKING INTEREST


PDC 2002-C LIMITED PARTNERSHIP








	
WELL NAME

	
LESSOR OR ASSIGNOR

	
LEASE DATE

	
RECEPTION NO. BOOK/PAGE

	
LEGAL DESCRIPTION

	
COUNTY

	
STATE

	
ASSIGNED INTEREST

	
LEASE NO.


	
Loustalet 32-12

	
Francis Loustalet

	
04-14-1981

	
1865242/943

	
T5N, R65W Sec. 12 NW4NE4

	
Weld

	
Colorado

	
0.872375

	
647900


	  	
Warren Loustalet

	
04-14-1981

	
1858796/937

	  	  	  	  	  
	  	
Frances Loustalet

	
06-01-1982

	
1895807/971

	  	  	  	  	  
	
 

	
Warren Loustalet

	
06-01-1982

	
1895808/971

	  	  	  	  	  
	  	
Ardith L. Simons

	
04-19-1984

	
1962272/1026

	  	  	  	  	  
	  	
Gary H. Loustalet

	
04-09-1984

	
1962274/1026

	  	  	  	  	  
	  	
Wade A. Loustalet

	
04-09-1984

	
1962273/1026

	  	  	  	  	  
	  	
Mark D. Young, et ux

	
12-05-1997

	
2583922/1637

	  	  	  	  	  













  





  











  













EXHIBIT "A"


AMENDMENT TO ASSIGNMENT OF WORKING INTEREST


PDC 2002-C LIMITED PARTNERSHIP








	
WELL NAME

	
LESSOR OR ASSIGNOR

	
LEASE DATE

	
RECEPTION


NO. BOOK/PAGE

	
LEGAL DESCRIPTION

	
COUNTY

	
STATE

	
ASSIGNED INTEREST

	
LEASE NO,


	
Millage 23-3

	
Millage Bros., Inc.

	
11-28-2000

	
2832260

	
T5N, R64W Sec. 3: NE4SW4

	
Weld

	
Colorado

	
0.9502407

	
657800


	  	
H. Joan Englebart

	
04-13-1981

	
1865240/943

	  	  	  	  	  













  





  











  













EXHIBIT "A"


AMENDMENT TO ASSIGNMENT OF WORKING INTEREST


PDC 2002-C LIMITED PARTNERSHIP








	
WELL NAME

	
LESSOR OR ASSIGNOR

	
LEASE DATE

	
RECEPTION NO. BOOK/PAGE

	
LEGAL DESCRIPTION

	
COUNTY

	
STATE

	
ASSIGNED INTEREST

	
LEASE NO.


	
Dyer 13-5

	
Anadarko E & P Company, LP and


Anadarko Land Corp.

	
12-17-2002

	
3040482

	
T6N, R64W Sec. 5: NWSW

	
Weld

	
Colorado

	
0.9970

	
688700











  





  











  








 



EXHIBIT "A"


AMENDMENT TO ASSIGNMENT OF WORKING INTEREST


PDC 2002-C LIMITED PARTNERSHIP


 



	
WELL NAME

	
LESSOR OR ASSIGNOR

	
LEASE DATE

	
RECEPTION NO. BOOK/PAGE

	
LEGAL DESCRIPTION

	
COUNTY

	
STATE

	
ASSIGNED INTEREST

	
LEASE NO.


	
Wells Ranch 31-5

	
Anadarko E & P Company, LP


and


Anadarko Land Corp.

	
12-18-2002

	
3040480

	
T5N, R63W Sec. 5: NW4NE4

	
Weld

	
Colorado

	
0.7976

	
688000











  





  











  








EXHIBIT "A"


AMENDED ASSIGNMENT OF WORKING INTEREST


PDC 2002-C LIMITED PARTNERSHIP


 



	
WELL NAME

	
LESSOR OR ASSIGNOR

	
LEASE DATE

	
RECEPTION NO. BOOK/PAGE

	
LEGAL DESCRIPTION

	
COUNTY

	
STATE

	
ASSIGNED INTEREST

	
LEASE NO.


	
Bolet 33-17

	
Bolet Company

	
09-21-1981

	
1884302/962

	
T6N, R65W Sec. 17: NW4SE4

	
Weld

	
Colorado

	
0.872375

	
652600











  





  











  








EXHIBIT "A"


AMENDMENT TO ASSIGNMENT OF WORKING INTEREST


PDC 2002-C LIMITED PARTNERSHIP


 



	
WELL NAME

	
LESSOR OR ASSIGNOR

	
LEASE DATE

	
RECEPTION NO. BOOK/PAGE

	
LEGAL DESCRIPTION

	
COUNTY

	
STATE

	
ASSIGNED INTEREST

	
LEASE NO.


	
Chevron 41-8D

	
Chevron USA, Inc.

	
11-02-03

	
623085

	
T6S, R96W Sec. 8: NE4NE4

	
Garfield

	
Colorado

	
0.9970

	
687400











  





  











  








EXHIBIT "A"


AMENDED ASSIGNMENT OF WORKING INTEREST


PDC 2002-C LIMITED PARTNERSHIP


 



	
WELL NAME

	
LESSOR OR ASSIGNOR

	
LEASE DATE

	
RECEPTION NO. BOOK/PAGE

	
LEGAL DESCRIPTION

	
COUNTY

	
STATE

	
ASSIGNED INTEREST

	
LEASE NO.


	
Kerbs 14-15

	
Anadarko E & P Company, LP


And Anadarko Land Corp.

	
12-20-2002

	
3040479

	
T6N, R64W Sec. 15: SW4SW4

	
Weld

	
Colorado

	
0.9970

	
688100











  





  











  








EXHIBIT "A"


AMENDMENT TO ASSIGNMENT OF WORKING INTEREST


PDC 2002-C LIMITED PARTNERSHIP


 



	
WELL NAME

	
LESSOR OR ASSIGNOR

	
LEASE DATE

	
RECEPTION NO. BOOK/PAGE

	
LEGAL DESCRIPTION

	
COUNTY

	
STATE

	
ASSIGNED INTEREST

	
LEASE NO.


	
Wells Ranch 14-33

	
Anadarko E & P Company, LP


and


Anadarko Land Corp.

	
12-23-2002

	
3225680

	
T6N, R63W Sec. 33: SW4SW4

	
Weld

	
Colorado

	
0.7976

	
688400











  





  











  








EXHIBIT "A"


AMENDMENT TO ASSIGNMENT OF WORKING INTEREST


PDC 2002-C LIMITED PARTNERSHIP


 



	
WELL NAME

	
LESSOR OR ASSIGNOR

	
LEASE DATE

	
RECEPTION NO. BOOK/PAGE

	
LEGAL DESCRIPTION

	
COUNTY

	
STATE

	
ASSIGNED INTEREST

	
LEASE NO.


	
Webster 31-11

	
Anadarko E & P Company, LP


and


Anadarko Land Corp.

	
12-27-2002

	
3243364

	
T6N, R65W Sec. 11: NW4NE4

	
Weld

	
Colorado

	
0.9970

	
688300











  





  











  








EXHIBIT "A"


AMENDMENT TO ASSIGNMENT OF WORKING INTEREST


PDC 2002-C LIMITED PARTNERSHIP


 



	
WELL NAME

	
LESSOR OR ASSIGNOR

	
LEASE DATE

	
RECEPTION NO. BOOK/PAGE

	
LEGAL DESCRIPTION

	
COUNTY

	
STATE

	
ASSIGNED INTEREST

	
LEASE NO.


	
Wells Ranch 14-35

	
Anadarko E & P Company, LP


and


Anadarko Land Corp.

	
12-31-2002

	
3040483

	
T6N, R63W Sec. 35: SW4SW4

	
Weld

	
Colorado

	
0.7976

	
688500











  





  











  








EXHIBIT "A"


AMENDMENT TO ASSIGNMENT OF WORKING INTEREST


PDC 2002-C LIMITED PARTNERSHIP


 



	
WELL NAME

	
LESSOR OR ASSIGNOR

	
LEASE DATE

	
RECEPTION NO. BOOK/PAGE

	
LEGAL DESCRIPTION

	
COUNTY

	
STATE

	
ASSIGNED INTEREST

	
LEASE NO.


	
National Hog Farm 44-21

	
Union Pacific Land Resources Corp.

	
05-15-1998

	
2652401

	
T5N, R63W Sec. 21: E2

	
Weld

	
Colorado

	
0.77766

	
648200











  





  











  








EXHIBIT "A"


AMENDMENT TO ASSIGNMENT OF WORKING INTEREST


PDC 2002-C LIMITED PARTNERSHIP


 



	
WELL NAME

	
LESSOR OR ASSIGNOR

	
LEASE DATE

	
RECEPTION NO. BOOK/PAGE

	
LEGAL DESCRIPTION

	
COUNTY

	
STATE

	
ASSIGNED INTEREST

	
LEASE NO.


	
Chevron 14-17D

	
Chevron USA, Inc.

	
11-15-2002

	
623086

	
T6S, R96W Sec. 17: SW4SW4

	
Garfield

	
Colorado

	
0.9970

	
691300