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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Property: <br /> <br />Brannan Englewood plant, Part of Sections 5 and 8, <br />T5S, R68W (Ll3) <br /> <br />Lessor <br />Lessee <br /> <br />Weeks <br />Brannan Sand and Gravel <br /> <br />Size <br />Date Operation Began <br />Term <br />Royalty <br /> <br />57.25 acres <br />1959 <br />Terminated 1968, to settle lawsuit <br />$0.17 to 1962 <br />$0.18 to 1965 <br />$0.19 to termination <br />$14,000 per year minimum <br /> <br />Remarks: According to Brannan, this was a problem property <br />. negotiated along very expensive lines in order to gain a <br />deposit at a time when operator needed reserves in the area. <br />Owne.r was abnormally difficult. <br /> <br />Production History <br /> <br />1960 128,205 tons <br />1961 170,868 tons <br />1962 142,102 tons <br />1963 83,710 tons <br />1964 82,680 tons <br />1965 67,608 tons (flood year) <br />1966 101,922 tons <br />1967 107,822 tons <br />1968 102.681 tons <br />Total 988,598 tons <br />-0- <br /> <br />Remaining Reserves <br /> <br /> <br />Further Remarks: <br />did not equal the <br />royalty was. <br /> <br />It can be seen that in some years production <br />advanced royalty, even as high as the ton <br /> <br />-13G- <br />