Mid-Continent Energy ExchangeO i l & G a s A s s e t A u c t i o n s

Lot 9 Data PacketDavis Ranch 2-1

ORRI in Seward, KS

In this Document:Lot Summary

Income and ExpensesProduction

MapsMisc

Lot Summary

County/State:Legal Description:

Acres:

Lease Name:Asset Type:

Net Income (12mo):Details:

Production Breakdown:Initial Production Date:

Operator:

Barber, KSSec 1 35S 15W2656 North, 3989 West from SE corner; S/2 NW/4.Davis Ranch 2-1Royalty Interest of .00591430$4.62 /mo1 producing oil & gas well. API 15-007-30049-0001 Lease # 106013 (oil) 216039 (gas)261,151 MCF; 38,296.05 BBL Cumulative1989 (gas), 1966 (oil)Gas: Herman L Loeb LLCOil: Plains Marketing LP

Disclaimer: Bidders must conduct their own due diligence prior to bidding at the auction. Bidders shall rely upon their own evaluations of the properties and not upon any representation either oral or written provided here. This is a summary of information provided by the seller to Mid-Continent Energy Exchange.

Income and Expenses

Last 12 months of income shown

TOTAL:Per Month:

55.494.62

Summary

PLAINS MARKETING L.P.P.O. Box 4648 · Houston, Texas 77210-4648

OWNER NUMBER

0134295CHECK DATE

July 20, 2018CHECK NUMBER

04028070 NOT A VALID CHECK

PAY EXACTLY ******** 55 DOLLARS and 53 CENTS************ ********55.53

PAY TO THE ORDER OF M B ARMER TEST TRUST

PHILIP A HUSS TRUSTEE 406 W FRANKLIN ST RICHMOND VA 23220

ROYALTY ACCOUNT

BY*VOID*VOID*VOID*VOID**VOID*VOID*VOID*VOID*

CHECK NUMBER04028070

CHECK DATE07/20/2018

PLAINS MARKETING L.P.ROYALTY CHECK DETAIL STATEMENT INFORMATION

OWNER NUMBER0134295

LEASE NUMBERLEASE NAME

LEASE STATE/COUNTYOPERATOR NAMEPRODUCTPRODUCTION DATE(MM/YY)LEASE BARRELS OR MCFLEASE GROSS VALUEOPERATOR PAYLEASE SEVERANCE TAXLEASE NET VALUEAVG PRICE PER BBL/MCF

01-159409 DAVIS RANCH 2-

1 KS/BARBER

HERMAN L LOEB OIL

5/1/2018 144.16

9,402.26 .00

13.12 9,389.14

65.22

FOR YOUR INFORMATION

DIRECT ALL INQUIRIES REGARDINGTHIS CHECK TO: PLAINS MARKETING L.P. ATTN: CUSTOMER RELATIONS P.O. BOX 4648 HOUSTON, TX 77210-4648 800-772-7589/713-646-4460 713-646-4311 (FAX) paadivisionorder@paalp.com BE SURE TO INCLUDE LEASE NUMBER AND OWNER NUMBER.

VISIT OUR WEB SITE AT WWW.PAALP.COMAND SELECT OWNER/OPERATORRELATIONSTO REGISTER AND VIEW YOURINFORMATION ONLINE.

*SEE BOTTOM OF PAGE FOR CODES

OWNER KIND OF INTERESTOWNER DECIMALOWNER GROSS VALUEOWNER SEVERANCE TAXOIL AND GAS ASSESSMENTCOLORADO SEVERANCE TAXUTAH WITHHOLDING TAXTAX RESERVE (SEE CODE)OWNER NET

ROYALTY .00591430

55.61 .08 .00 .00 .00

.00 55.53

CHECK GROSS55.61

SEVERANCE TAX0.08

WINDFALL PROFIT TAX0.00

BACKUP WITHHOLDING0.00

NON-RESIDENT ALIEN TAX0.00

CHECK NET55.53

WFB M B ARMER TEST TRUST PHILIP A HUSS TRUSTEE 406 W FRANKLIN STYTD GROSS

55.61YTD SEVERANCE TAX

0.08YTD WINDFALL PROFIT TAX

0.00YTD BACKUP WITHHOLDING

0.00YTD NON-RESIDENT ALIEN TAX

0.00YTD CHECK NET

55.53

TAX RESERVE CODES:1. AD VALOREM 6. AD VALOREM/SEVERANCE2. SEVERANCE 7. NET PRO/BUS PRIV/REAL EST3. NET PROCEEDS 8. AD VAL/NET PRO/BUS PRIV/REAL EST4. BUSINESS PRIVILEGE 9. UTAH OCCUPATIONAL TAX5. REAL ESTATE

CHECK NUMBER

1. AD VALOREM

2. SEVERANCE

3. NET PROCEEDS

4. BUSINESS PRIVILEGE

5. REAL ESTATE

6. AD VALOREM /SEVERANCE

7. NET PRO/BUS PRIV/REAL EST

8. AD VAL/NET PRO/BUS PRIV/REAL EST

9. UTAH OCCUPATIONAL TAX

TAX RESERVE CODES

FOR YOUR INFORMATION

CHECK DATE

August 20, 2019

OWNER NUMBER

PLAINS MARKETING, L.P.P.O. Box 4648 Houston, Texas 77210-4648

$45.54 PAY EXACTLY

PAY TO THE ORDER OF M B ARMER TEST TRUST

ALEX ARMER FINLAYSON AND

044602200134295

JULIET KATE FINLAYSON CO TTEES

4956 E MOUNTAIN VIEW DR

SAN DIEGO CA 92116

DIRECT ALL INQUIRIES REGARDINGTHIS CHECK TO: PLAINS MARKETING, L.P. ATTN: CUSTOMER RELATIONS P.O. BOX 4648 HOUSTON, TX 77210-4648 800-772-7589 / 713-646-4460 713-646-4311 (FAX)paadivisionorder@paalp.comBE SURE TO INCLUDE LEASE NUMBERAND OWNER NUMBER.

VISIT OUR WEB SITE AT WWW.PAALP.COMAND SELECT OWNER/OPERATOR RELATIONS TO REGISTER AND VIEW YOURINFORMATION ONLINE.

CHECK NUMBER CHECK DATE PLAINS MARKETING, L.P.ROYALTY CHECK DETAIL STATEMENT INFORMATION

OWNER NUMBER

08/20/2019 013429504460220

DAVIS RANCH 2-

KS/BARBERHERMAN L LOEB

OIL07/2019145.62

7,721.65.00

20.977,700.68 53.03

ROYALTY.00591430

45.66.12.00.00.00.00

45.54

LEASE NUMBERLEASE NAME

LEASE STATE/COUNTYOPERATOR NAMEPRODUCTPRODUCTION DATE(MM/YY)LEASE BARRELS OR MCFLEASE GROSS VALUEOPERATOR PAYLEASE SEVERANCE TAXLEASE NET VALUEAVG PRICE PER BBL/MCF

OWNER KIND OF INTERESTOWNER DECIMALOWNER GROSS VALUEOWNER SEVERANCE TAXOIL AND GAS ASSESSMENTCOLORADO SEVERANCE TAXUTAH WITHHOLDING TAXTAX RESERVE (see code)OWNER NET

01-159409

1

CHECK GROSS SEVERANCE TAX WINDFALL PROFIT TAX BACKUP WITHHOLDING NON-RESIDENT ALIEN TAX CHECK NET

45.66 0.12 0.00 0.00 0.00 45.54

WFB M B ARMER TEST TRUST ALEX ARMER FINLAYSON AND JULIET KATE FINLAYSON CO TTEES Page 1 of 1

45.66YTD GROSS YTD SEVERANCE TAX YTD WINDFALL PROFIT TAX YTD BACKUP WITHHOLDING YTD NON-RESIDENT ALIEN TAX YTD CHECK NET

0.12 0.00 0.00 0.00 45.54

Production

Well Search: Report

Search Criteria - States: KS Counties: BARBER Well: davis ranch 2-1

Well / API # Type Status Formation Lease# STR Spot IntentExpires Spud Comp. Elev TV-

TD MD Horiz

County: BARBEROperator: HERMAN L. LOEB, LLCDAVIS RANCH2-1 /15007300490001

Gas Producing 106013 1-35S-15W SE SE SW NW 09-1965 11-1965 1525 KB 4,951

HERMAN L. LOEB, LLC - Well Count 1BARBER County - Well Count 1Total Well Count: 1

DAVIS RNCH 2-1J 106013 - Lease # 106013

HERMAN L. LOEB, LLC, MISSISSIPPIAN SYSTEM, 1-35S-15W, BARBER CountyProduction Snapshots

Oil Cum (Bo) 38,296Gas Cum (Mcf)

Well SnapshotDAVIS RANCH 2-1 // 15007300490001 // Gas1965-11-30 TD: 4951

06-201707-201708-2017 15809-201710-201711-201712-201701-201802-201803-201804-201805-2018 144

2013 132014 122015 132017 132018 29

Month Bopm Mcfpm

Average 151 0

Year Avg Bopm Avg Mcfpm

Maps

Misc. Info