Document:

Oil, Gas, and Mineral Lease

 Exhibit 10.79 
  

					
	 COPY CUT-OFF
	  	 	  	© POUND PRINTING & STATIONERY COMPANY
	 With 640 Acres Pooling Provision
	  	TEXAS STANDARD FORM	  	2325 Fannin, HOUSTON, TEXAS 77002 (713) 659-3159

  
 OIL, GAS AND MINERAL
LEASE 
  
 THIS AGREEMENT made this 21st day of May 1994,
between Joseph and Judith xxx, Lessor (whether one or more), whose address is: 513 E. xxx, Rockdale, Tx. 76567, and H. Hal McKinney, 627 N. Main, Rockdale, Tx. 76567, Lessee, WITNESSETH: 
  
 1. Lessor, in consideration of ten and no/100 Dollars, receipt of which is
hereby acknowledged, and of the covenants and agreements of lessee hereinafter contained, does hereby grant, lease and let unto lessee the land covered hereby for the purposes and with the exclusive right of exploring, drilling, minning and
operating for, producing and owning oil, gas, sulphur and all other minerals (whether or not similar to those mentioned), together with the right to make surveys on said land, lay pipe lines, establish and utilize facilities for surface or
subsurface disposal of salt water, construct roads and bridges, dig canals, build tanks, power stations, telephone lines, employee houses and other structures on said land, necessary or useful in lessee’s operations in exploring, drilling for,
producing, treating, storing and transporting minerals produced from the land covered hereby or any other land adjacent thereto. The land covered hereby, herein called “said land”, is located in the County of Milam, State of Texas, and is
described as follows: 
  
 Being Lot #7 of Block 131, being all of
Lot #8, Block 131 in City of Rockdale, a part of the D. A. Thompson Survey. 
  
 This lease also covers and includes, in addition to that above described, all land, if any, contiguous or adjacent to or adjoining the land above described and (a) owned or claimed by lessor by limitation, prescription, possession, revision
or unrecorded instrument or (b) as to which lessor has a preference right of acquisition. Lessor agrees to execute any supplemental instrument requested by lessee for a more complete or accurate description of said land. For the purpose of
determining the amount of any bonus or other payment hereunder, said land shall be deemed to contain 6035 acres, whether actually containing more or less, and the above recital of acreage in any tract shall be deemed to be the true acreage thereof.
Lessor accepts the bonus as lump sum consideration for this lease and all rights and options hereunder. 
  
 2. Unless sooner terminated or longer kept in force under other provisions hereof, this lease shall remain in force for a term of ten (10) years from the
date hereof, hereinafter called “primary term”, and as long thereafter as operations, as hereinafter defined, are conducted upon said land with no cessation for more than ninety (90) consecutive days. 
  
 3. As royalty, lessee covenants and agrees: (a) To deliver to the credit of
lessor, in the pipe line to which lessee may connect its wells, the equal one-eighth part of all oil produced and saved by lessee from said land, or from time to time, at the option of lessee, to pay lessor the average posted market price of such
one-eighth part of such oil at the wells as of the day it is run to the pipe line or storage tanks, lessor’s interest, in either case, to bear one-eighth of the cost of treating oil to render it marketable pipe line oil; (b) To pay lessor on
gas and casinghead gas produced from said land (1) when sold by lessee, one-eighth of the amount realized by lessee, computed at the mouth of the well, or (2) when used by lessee off said land or in the manufacture of gasoline or other products, the
market value, at the mouth of the well, of one-eighth of such gas and casinghead gas; (c) To pay lessor on all other minerals mined and marketed or utilized by lessee from said land, one-tenth either in kind or value at the well or mine at
lessee’s election, except that on sulphur mined and marketed the royalty shall be one dollar ($1.00) per long ton. If, at the expiration of the primary term or at any time or times thereafter, there is any well on said land or on lands with
which said land or any portion thereof has been pooled, capable of producing oil or gas, and all such wells are shut-in, this lease shall, nevertheless, continue in force as though operations were being conducted on said land for so long as said
wells are shut-ins, and thereafter this lease may be continued in force as if no shut-in had occurred. Lessee Covenants and agrees to use reasonable diligence to produce, utilize, or market the minerals capable of being produced from said wells, but
in the exercise of such diligence, lessee shall not be obligated to install or furnish facilities other than well facilities and ordinary lease facilities of flow lines, separator, and lease tank, and shall not be required to settle labor trouble or
to market gas upon terms unacceptable to lessee. If, at any time or times after the expiration of the primary term, all such wells are shut-in for a period of ninety consecutive days, and during such time there are no operations on said land, then
at or before the expiration of said ninety day period, lessee shall pay or tender, by check or draft of lessee, as royalty, a sum equal to one dollar ($1.00) for each acre of land then covered hereby. Lessee shall make like payments or tenders at or
before the end of each anniversary of the expiration of said ninety day period if upon such anniversary this lease is being continued in force solely by reason of the provisions of this paragraph. Each such payment or tender shall be made to the
parties who at the time of payment would be entitled to receive the royalties which would be paid under this lease if the wells were producing, and may be deposited in the xxx Bank at Rockdale, Tx., or its successors, which shall continue as the
depositories, regardless of changes in the ownership of shut-in royalty. If at any time that lessee pays or tenders shut-in royalty, two or more parties are, or claim to be, entitled to receive same, lessee may, in lieu of any other method of
payment herein provided, pay or tender such shut-in royalty, in the manner above specified, either jointly to such parties or separately to each in accordance with their respective ownerships thereof, as lessee may elect. Any payment hereunder may
be made by check or draft of lessee deposited in the mail or delivered to the party entitled to receive payment or to a depository bank provided for above on or before the last date for payment. Nothing herein shall impair lessee’s right to
release as provided in paragraph 5 hereof. In the event of assignment of this lease in whole or in part, liability for payment hereunder shall rest exclusively on the then owner or owners of this lease, severally as to acreage owned by each.

  
 4. Lessee is hereby granted the right, at its option, to pool
or utilize any land covered by this lease with any other land covered by this lease, and/or with any other land, lease, or leases, as to any or all minerals or horizons, so as to establish units containing not more than 80 surface acres, plus 10%
acreage tolerance; provided, however, units may be established as to any one or more horizons, or existing units may be enlarged as to any one or more horizons, so as to contain not more than 640 surface acres plus 10% acreage tolerance, if limited
to one or more of the following: (1) gas, other than casinghead gas, (2) liquid hydrocarbons (condensate) which are not liquids in the subsurface reservoir, (3) minerals produced from wells classified as gas wells by the conservation agency having
jurisdiction. If larger units than any of those herein permitted, either at the time established, or after enlargement, are required under any governmental rule or order, for the drilling or operation of a well at a regular location, or for
obtaining maximum allowable from any well to be drilled, drilling, or already drilled, any such unit may be established or enlarged to conform to the size required by such governmental order or rule. Lessee shall exercise said option as to each
desired unit by executing an instrument identifying such unit and filing it for record in the public office in which this lease is recorded. Each of said options may be exercised by lessee at any time and from time to time while this lease is in
force, and whether before or after production has been established either on said land, or on the portion of said land included in the unit, or on other land unitized therewith. A unit established hereunder shall be valid and effective for all
purposes of this lease even though there may be mineral, royalty, Or leasehold interests, in lands within the unit which are not effectively pooled or unitized. Any operations conducted on any part of such unitized land shall be considered, for all
purposes, except the payment of royalty, operations conducted upon said land under this lease. There shall be allocated to the land covered by this lease within each such unit (or to each separate tracts within the unit if this lease covers separate
tracts within the unit) that proportion of the total production of unitized minerals from the unit, after deducting any used in lease or unit operations, which the number of surface acres in such land (or in each such separate tract) covered by this
lease within the unit bears to the total number of surface acres in the unit, and the production so allocated shall be considered for all purposes, including payment or delivery of royalty, overriding royalty and any other payments out of
production, to be the entire production of unitized minerals from the land to which allocated in the same manner as though produced therefrom under the terms of this lease. The owner of the reversionary estate of any term royalty or mineral estate
agrees that the accrual of royalties pursuant to this paragraph or of shut-in royalties from a well on the unit shall satisfy any limitation of term requiring production of oil or gas. The formation of any unit hereunder which includes land not
covered by this lease shall not have the effect of exchanging or transferring any interest under this lease (including, without limitation, any shut-in royalty which may become payable under this lease) between parties owning interests in land
covered by this lease and parties owning interests in land not covered by this lease. Neither shall it impair the right of lessee to release as provided in paragraph 5 hereof, except that lessee may not so release as to lands within a unit while
there are operations thereon for unitized minerals Unless xxx xxx xxx xxx xxx as xxx xxx within the unit. At any time while this lease is in force lessee may dissolve any unit established hereunder by xxx for xxx in the public office xxx xxx xxx is
xxx a declaration to effect, if at that time xxx operations are being conducted thereon for utilized minerals. Subject to the provisions of this paragraph 4, a unit once established hereunder shall remain in force so long as any lease subject
thereto shall remain in force. If this lease now or hereafter covers separate tracts, no pooling or unitization of royalty interests as between any such separate tracts is intended or shall be implied or result merely from the inclusion of such
separate tracts within this lease but lessee shall nevertheless have the right to pool or unitize as provided in this paragraph 4 with consequent allocation of production as herein provided. As used in this paragraph 4, the words “separate
tract” mean any tract with royalty ownership differing, now or hereafter, either as to parties or amounts, from that as to any other part of the leased premises. 
  
 5. Lessee may at any time and from time to time execute and deliver to lessor or file for record a release or releases of
this lease as to any part or all of said land or of any mineral or horizon thereunder, and thereby be relieved of all obligations, as to the released acreage or interest. 
  
 6. Whenever used in this lease the word “operations” shall mean operations for and any of the following: drilling,
testing, completing, reworking, recompleting, deepening, plugging back or repairing of a well in search for or in an endeavor to obtain production of oil, gas, sulphur or other minerals, excavating a mine, production of oil, gas, sulphur or other
mineral, whether or not in paying quantities. 
  

 COPY CUT OFF of water, other than from lessor’s water wells, and of oil and gas produced from said
land in all operations hereunder. xxx right at any time to remove all machinery and fixtures placed on said land, including the right to draw and remove casing. No well shall be drilled nearer xxx the house or barn now on said land without the
consent of the lessor. Lessee shall pay for damages caused by its operations to growing crops and timber on said land. 
  
 8. The rights and estate of any party hereto may be assigned from time to time in whole or in part and as to any mineral or horizon. All of the covenants,
obligations, and considerations of this lease shall extend to and be binding upon the parties hereto, their heirs, successors, assigns, and successive assigns. No change or division in the ownership of said land, royalties, or other moneys, or any
part thereof, howsoever effected, shall increase the obligations or diminish the rights of lessee, including, but not limited to, the location and drilling of wells and the measurement of production. Notwithstanding any other actual or constructive
knowledge or notice thereof of or to lessee, its successors or assigns, no change or division in the ownership of said land or of the royalties, or other moneys, or the right to receive the same, howsoever effected, shall be binding upon the then
record owner of this lease until thirty (30) days after there has been furnished to such record owner at his or its principal place of business by lessor or lessor’s heirs, successors, or assigns, notice of such change or division, supported by
either originals or duly certified copies of the instruments which have been properly filed for record and which evidence such change or division, and of such court records and proceedings, transcripts, or other documents as shall be necessary in
the opinion of such record owner to establish the validity of such change or division. If any such change in ownership occurs by reason of the death of the owner, lessee may, nevertheless pay or tender such royalties, or other moneys, or part
thereof, to the credit of the decedent in a depository bank provided for above. 
  
 9. In the event lessor considers that lessee has not complied with all its obligations hereunder, both express and implied, lessor shall notify lessee in writing, setting out specifically in what respects lessee has
breached this contract. Lessee shall then have sixty (60) days after receipt of said notice within which to meet or commence to meet all or any part of the breaches alleged by lessor. The service of said notice shall be precedent to the bringing of
any action by lessor on said lease for any cause, and no such action shall be brought until the lapse of sixty (60) days after service of such notice on lessee. Neither the service of said notice nor the doing of any acts by lessee aimed to meet all
or any of the alleged breaches shall be deemed an admission or presumption that lessee has failed to perform all its obligations hereunder. If this lease is cancelled for any cause, it shall nevertheless remain in force and effect as to (1)
sufficient acreage around each well as to which there are operations to constitute a drilling or maximum allowable unit under applicable governmental regulations, (but in no event less than forty acres), such acreage to be designated by lessee as
nearly as practicable in the form of a square centered at the well, or in such shape as then existing spacing rules require; and (2) any part of said land included in a pooled unit on which there are operations. Lessee shall also have such easements
on said land as are necessary to operations on the acreage so retained. 
  
 10. Lessor hereby warrants and agrees to defend title to said land against the claims of all persons whomsoever. Lessor’s rights and interests hereunder shall be charged primarily with any mortgages, taxes or other liens, or interest
and other charges on said land, but lessor agrees that lessee shall have the right at any time to pay or reduce same for lessor, either before or after maturity, and be subrogated to the rights of the holder thereof and to deduct amounts so paid
from royalties or other payments payable or which may become payable to lessor and/or assigns under this lease. If this lease covers a less interest in the oil, gas, sulphur, or other minerals in all or any part of said land than the entire and
undivided fee simple estate (whether lessor’s interest is herein specified or not), or no interest therein, then the royalties and other moneys accruing from any part as to which this lease covers less than such full interest, shall be paid
only in the proportion which the interest therein, if any, covered by this lease, bears to the whole and undivided fee simple estate therein. All royalty interest covered by this lease (whether or not owned by lessor) shall be paid out of the
royalty herein provided. This lease shall be binding upon each party who executes it without regard to whether it is executed by all those named herein as lessor. 
  
 11. If, while this lease is in force, at, or after the expiration of the primary term hereof, it is not being continued in
force by reason of the shut-in well provisions of paragraph 3 hereof, and lessee is not conducting operations on said land by reason of (1) any law, order, rule or regulation, (whether or not subsequently determined to be invalid) or (2) any other
cause, whether similar or dissimilar, (except financial) beyond the reasonable control of lessee, the primary term hereof shall be extended until the first anniversary date hereof occurring ninety (90) or more days following the removal of such
delaying cause, and this lease may be extended thereafter by operations as if such delay had not occurred. 
  
 IN WITNESS WHEREOF, this instrument is executed on the date first above written. 
  

									
					
	  	 	  	 	 	 	  	 	  
					
	  	 	  	 	 	 	  	 	  
					
	 Illegible
	 	  	 	 	 	 Illegible
	 	  
	 LESSOR
	 	SS. OR TAX I.D. NO.	 	 	 	 LESSOR
	 	SS. OR TAX I.D. NO.

  
 ACKNOWLEDGEMENT

  
 STATE OF xxx 
 COUNTY OF xxx 
  
 This
instrument was acknowledged before me on the 21st day of May, 1994, by xxx xxx 
  

	
	
	 /s/ Mary Spitzenberger

	 Notary Public, State of Texas

	 Notary’s name (printed):

	
	 Notary’s commission expires: 1-12-96

  
 ACKNOWLEDGEMENT

  
 STATE OF xxx 
 COUNTY OF xxx 
  
 This instrument
was acknowledged before me on the 21st day of May, 1994, by xxx 
  

	
	
	 /s/ Mary Spitzenberger

	 Notary Public, State of Texas

	 Notary’s name (printed):

	
	 Notary’s commission expires: 1-12-96

  
 STATE OF 
 COUNTY OF 
  
 This instrument was acknowledged before me on the                      day of
                    , 19                     ,

 by                                      
                                        
  ,                                      
                                        
   , 
 of
                                        
                                        
                                        
                                        ,

 a
                                        
                                        
     corporation, on behalf of said corporation. 
  

	
	
	 
	 Notary Public, State of Texas

	 Notary’s name (printed):

	
	 Notary’s commission expires:

  
 COPY CUT OFF 
  
 No.                     
  
 Oil, Gas and Mineral Lease 
  
 FROM 
  
 ________________________________________________________________________________ 
 ________________________________________________________________________________ 
  
 TO 
  
 ________________________________________________________________________________ 
 ________________________________________________________________________________ 
  
 Dated                     , 19          No. Acres
                         County,
                     Term
                     
  
 This xxx was filed for record on the
                     day of
                    , 19         , at
             o’clock                      M., and duly recorded in
Book                     , Page
                     of the
                     records of this office. 
  

					
	 	 	 
	 	 	County Clerk
			
	By	 	 	 	Deputy

 ASSIGNMENT OF WORKING INTEREST 
 IN AN OIL AND GAS MINERAL LEASE 
  

					
	 STATE OF NEW MEXICO
	 	§	  	KNOW ALL MEN BY THESE PRESENTS
			
	 COUNTY OF xxx
	 	 §
	  	 

  
 THAT THE UNDERSIGNED,
Turner Branch, 2025 Rio Grande, Albuquerque, New Mexico 87104 for and in consideration of Ten and no/100 dollars ($10.00) and other goods and valuable consideration the receipt and sufficiency of which is hereby acknowledged does hereby grant,
bargain, sell, transfer, assign, and convey unto H. Hal McKinney fifty percent Working Interest (50% W. I.) And his successors and assigns in and to the leases described to wit: 
  
 JOSEPH and JUDITH SLUSHER LEASE. Volume 697, Page 164, Official Records of Milam, County, Texas; 
  
 Being Lot #7 of Block 131, being all of Lot #8, Block 131, Official Records
of Milam, County, Texas, in the City of Rockdale, a part of the D.A. Thompson Survey; 
  
 GERTRUDE HARDAWAY, ZENOBLE ALONZO, DORA BURTON, CHARLES CALVIN ESTATE LEASE, Volume 697, Page 168, Official Records of Milam County, Texas; 
  
 Being Lot #14, Block 4, Lot #15, Block 4, Washington Heights Addition, City of Rockdale; 
  
 Grantor’s interest, if any, in mineral leasehold of the Clarence Alonzo
Well #1, Railroad Commission #20391, and being Block 3, Lot 17, Block 2, Lot 17, 18, 19, 20, 21 out of the Washington Heights Subdivision, City of Rockdale in the D.A. Thompson survey, Milam County, Texas and recorded in Vol. 702, Page 661, Official
records of Milam County, Texas. 
  
 TOGETHER with all rights
incident thereto and 50% Working Interest in all personal property appurtenant; thereto or used or obtained in connection therewith. 
  
 IN WITNESS THEREOF, this instrument is executed on the 29th day of January 2001. 
  

	
	
	 /s/ Illegible

	 TURNER BRANCH

  
 STATE OF NEW MEXICO 

COUNTY OF XXX 
  
 BEFORE ME, the undersigned authority on this day appeared Turner Branch known to me to be the person subscribed to in the foregoing instrument and
acknowledged to me that he executed the same as a free act and deed for the purposes and consideration therein expressed. 
  
 GIVEN under my hand and seal of office this 29 day of January, 2001. 
  

			
	
	 /s/ Illegible

	 NOTARY PUBLIC

		
	 My Commission Expires:
	 	 xxx

  

					
	 STATE OF TEXAS
	 	}	 	 
	 COUNTY OF MILAM
	 	 	 

  
 I, LA VERNE SOEFJE, Clerk of the
County Court of Milam County, Texas, do hereby certify that the foregoing instrument of writing was duly recorded this 20 day of Sept A.D., 1994, at 5 o’clock PM, in the Official Records of said County, in Volume 697, Page 164 
  
 Any provisions herein which restricts the sale, rental or use of the
described real property because of color or race is invalid and unenforceable under Federal Law. 
  
 Witness my hand and seal of the County Court of said County at Office in Cameron on the day of the year last above written. 
  

							
	 	 	 	 	 	  	LA VERNE SOEFJE
	 By
	 	 /s/ Illegible
	 	Deputy,	  	Clerk County Court, Milam County, Texas

  
 H. Hal McKinney 
  
 13.00 KAssignment of Working Interest

 Exhibit 10.80 
  
 50442 
 ASSIGNMENT OF WORKING INTEREST 
 IN AN OIL AND GAS MINERAL LEASE 
  

					
	STATE OF NEW MEXICO	  	§	  	KNOW ALL MEN BY THESE PRESENTS
	COUNTY OF [ILLEGIBLE]	  	§	  	 

  
 THAT THE UNDERSIGNED,
Turner Branch, 2025 Rio Grande, Albuquerque, New Mexico 87104 for and in consideration of Ten and no/100 dollars ($10.00) and other goods and valuable consideration the receipt and sufficiency of which is hereby acknowledged does hereby grant,
bargain, sell, transfer, assign, and convey unto H. Hal McKinney fifty percent Working Interest (50% W.I.) And his successors and assigns in and to the leases described to wit: 
  
 JOSEPH and JUDITH SLUSHER LEASE. Volume 697, Page 154, Official Records of Milam, County, Texas; 
  
 Being Lot #7 of Block 131, being all of Lot #8, Block 131, Official Records
of Milam, County, Texas, in the City of Rockdale, a part of the D.A. Thompson Survey; 
  
 GERTRUDE HARDAWAY, ZENOBLE ALONZO, DORA BURTON, CHARLES CALVIN ESTATE LEASE, Volume 697, Page 168, Official Records of Milam County, Texas; 
  
 Being Lot #14, Block 4, Lot #15, Block 4, Washington Heights Addition, City of Rockdale; 
  
 Grantor’s interest, if any, in mineral leasehold of the Clarence Alonzo
Well #1, Railroad Commission #20391, and being Block 3, Lot 17, Block 2, Lot 17, 18, 19, 20 & 21 out of the Washington Heights Subdivision, City of Rockdale in the D.A. Thompson survey, Milam County, Texas and recorded in Vol. 702, Page 661,
Official records of Milam County, Texas. 
  
 TOGETHER with all
rights incident thereto and 50% Working Interest in all personal property appurtenant; thereto or used or obtained in connection therewith. 
  
 IN WITNESS THEREOF, this instrument is executed on the 29th day of January, 2001. 
  

			
	 
	
	 /s/ Turner Branch

 TURNER BRANCH

	 	 	 

  
 STATE OF NEW MEXICO 

COUNTY OF [ILLEGIBLE] 
  
 BEFORE ME, the undersigned authority on this day appeared Turner Branch known to me to be the person subscribed to in the foregoing instrument and
acknowledged to me that he executed the same as a free act and deed for the purposes and consideration therein expressed. 
  
 GIVEN under my hand and seal of office this 29 day of January, 2001. 
  

			
	 /S/ ILLEGIBLE

 NOTARY PUBLIC

	
	 My Commission Expires: 5-26-02
  
 [NOTARY SEAL]

  
 VOL. 838 PAGE 360

 OFFICIAL RECORDS 
 MILAM COUNTY,
TEXAS

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00083-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00083-of-00352.parquet"}]]