mid-continent energy exchangeinfo.mceeauction.com.s3.amazonaws.com/jul 2019/mcee jul 2019...

YOU’LL LIKE WHERE THIS ROAD ENDS.

JULY 25, 2019

OIL & GAS ASSET AUCTION

WE APPRECIATE OUR SPONSORS

data room sponsordrone sponsor

auction sponsor buffet sponsor

Mid-Continent Energy ExchangeOil & Gas asset Auctions

7776_MCEE_July2019CatalogCover.indd 1 7/16/19 10:43 AM

Elite Oil & Gas Explorer Since 1969- 316-799-1000Superior Service throughout the Mid-Continent-

620-872-DIRT

Serving North America with Premier Customer Service-785-743-6774

We appreciate our advertising partners.Please support and visit these businesses.

Ad Valorem tax specialist Rendition Preparation Tax ProtestOil and Gas Property Appraisals Economic Analysis Estate ReviewFederal and State Compliance SPCC Inspections SPCC Training Right to Know More… www.klhoilandgasconsulting.com

Office: (913) 837 - 4100 Fax: 1(913) 837 - 2241

[email protected]@dbdoil.com

http://global-energyllc.com

ELI Wireline Services, LLC1327 Noose Road

Hays, Kansas (785) 628-6395

www.eliwireline.com

For tax savings call 785-623-0473

For Seismic Exploration 620-277-7771

James Stephensonemail: [email protected]: www.petrobase.net

We appreciate our advertising partners.Please support and visit these businesses.

http://wildcatresourcesinc.com

Proud members and supporters of theKansas Independent Oil & Gas Association

www.kioga.org

Alta Mesa ResourcesAztec Oil Co Division

Becker Oil CorpBreitman Operating LP

Bryce GarnerC&R Oil

Carmen Schmitt IncChesapeake Operating LLC

Devon Energy CorpDK Operating Inc

ELK Energy Holdings LLCEOG Resources Inc

ETX Energy LLCFrostwood Energy LLC

Grand Mesa Operating CoGreat Plains EnergyHerman Loeb LLC

Hinkle Oil & Gas IncIndigo Production CoK & N Petroleum Inc

Marathon Oil CoMerit Energy Co

Murfin Drilling Co IncNorstar Petroleum IncOccidental PetroleumPalomino Petroleum

Paul Bowman Oil TrustPickrell Drilling Co Inc

SB EF Maverick LLCSquare Mile Energy LLC

StrataKan Exploration LLCThomas Garner Inc

Trans Pacific Oil CorpUrban Oil & Gas Group LLC

Vess Oil CorporationXTO Energy Inc

MCEE is proud to have properties in this auction operated by the following list of operators!

MID-CONTINENT ENERGY EXCHANGEOil and Gas Asset Auctions

Table of Contents for July 25, 2019 AuctionAs of 7/24/2019 9:01:40 AM

Click on the lease name link to see the dataroom documents.

Lot Lease Name Interest Type OperatorCounty/State1 Hillery - LOT REMOVED ORRI Palomino PetroleumLogan KS

2 Wess ORRI K & N Petroleum IncBarton KS

3 Davis ORRI Aztec Oil Co DivisionButler KS

4 Austin F1-15 PWI Chesapeake Operating LLCCanadian OK

5 Borneman ORRI Hinkle Oil & Gas IncCanadian OK

6 Calumet-Wilson (CCGU) ORRI Urban Oil & Gas Group LLCCanadian OK

7 Welch ORRI Pickrell Drilling Co IncEdwards KS

8 Schultz Operated Lease StrataKan Exploration LLCRice KS

9 Pekarek ORRI Trans Pacific Oil CorpEllsworth KS

10 Nelson ORRI Vess Oil CorporationHodgeman KS

11 Springer ORRI DK Operating IncHodgeman KS

12 Lippelmann ORRI ELK Energy Holdings LLCThomas KS

12.1 Lippelmann ORRI ELK Energy Holdings LLCThomas KS


13 Blank ORRI C&R OilRooks KS

14 P. Keller ORRI Paul Bowman Oil TrustRooks KS

15 McFadden A ORRI Carmen Schmitt IncRooks KS

16 UPRC 1-35 Operated Lease Murfin Drilling Co IncCheyenne CO

17 Dehner ORRI Pickrell Drilling Co IncRush KS

18 Kingfisher County Minerals Mineral RI Alta Mesa ResourcesKingfisher OK

18.1 Kingfisher County Minerals Mineral RI Alta Mesa ResourcesKingfisher OK



19 Mary 1 ORRI Thomas Garner IncStafford KS

19.1 Mary 1 ORRI Thomas Garner IncStafford KS

20 Comanche County Minerals Minerals Comanche KS

21 Turnbull Units G & H Term Royalty Marathon Oil CoKarnes TX

22 Ritter ‘A’ 1-32 PWI Great Plains EnergyDecatur KS

23 Ritter ‘A’ 1-32 ORRI Great Plains EnergyDecatur KS

See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.

MID-CONTINENT ENERGY EXCHANGEOil and Gas Asset Auctions

Table of Contents for July 25, 2019 AuctionAs of 7/24/2019 9:01:40 AM

Click on the lease name link to see the dataroom documents.

Lot Lease Name Interest Type OperatorCounty/State1 Hillery - LOT REMOVED ORRI Palomino PetroleumLogan KS

2 Wess ORRI K & N Petroleum IncBarton KS

3 Davis ORRI Aztec Oil Co DivisionButler KS

4 Austin F1-15 PWI Chesapeake Operating LLCCanadian OK

5 Borneman ORRI Hinkle Oil & Gas IncCanadian OK

6 Calumet-Wilson (CCGU) ORRI Urban Oil & Gas Group LLCCanadian OK

7 Welch ORRI Pickrell Drilling Co IncEdwards KS

8 Schultz Operated Lease StrataKan Exploration LLCRice KS

9 Pekarek ORRI Trans Pacific Oil CorpEllsworth KS

10 Nelson ORRI Vess Oil CorporationHodgeman KS

11 Springer ORRI DK Operating IncHodgeman KS

12 Lippelmann ORRI ELK Energy Holdings LLCThomas KS



13 Blank ORRI C&R OilRooks KS

14 P. Keller ORRI Paul Bowman Oil TrustRooks KS

15 McFadden A ORRI Carmen Schmitt IncRooks KS

16 UPRC 1-35 Operated Lease Murfin Drilling Co IncCheyenne CO

17 Dehner ORRI Pickrell Drilling Co IncRush KS

18 Kingfisher County Minerals Mineral RI Alta Mesa ResourcesKingfisher OK




19 Mary 1 ORRI Thomas Garner IncStafford KS

19.1 Mary 1 ORRI Thomas Garner IncStafford KS

20 Comanche County Minerals Minerals Comanche KS

21 Turnbull Units G & H Term Royalty Marathon Oil CoKarnes TX

22 Ritter ‘A’ 1-32 PWI Great Plains EnergyDecatur KS

23 Ritter ‘A’ 1-32 ORRI Great Plains EnergyDecatur KS


24 Evelyn 'A' 1-27 PWI Great Plains EnergyDecatur KS

25 Evelyn 'A' 1-27 ORRI Great Plains EnergyDecatur KS

26 MCU 21-6 and Unit 21 (Driscol)

ORRI XTO Energy IncMajor OK

27 Wells 1-9 Operated Lease Grand Mesa Operating CoNess KS

27.1 Wells 1-9 ORRI Grand Mesa Operating CoNess KS

28 Sargent 1-20 Operated Lease Grand Mesa Operating CoNess KS

28.1 Sargent 1-20 ORRI Grand Mesa Operating CoNess KS

29 Marion County Operated Leases

Operated Lease Trans Pacific Oil CorpMarion KS

30 Standsblack, Big Goose, Steichen

Operated Lease Becker Oil CorpKay OK

31 Mosier Operated Lease Murfin Drilling Co IncSheridan KS

32 Garvin County Minerals Open Minerals Garvin OK

33 Delta and Hopkins County Minerals

Open Minerals Delta and Hopkins TX

34 Canadian ML6 Mineral RI Devon Energy CorpCanadian OK

34.1 Canadian ML6 Mineral RI Devon Energy CorpCanadian OK



35 Garfield County Leasehold Leasehold Garfield OK

36 Mohler Unit Operated Lease Norstar Petroleum IncMeade KS

37 Hooten RI XTO Energy IncCleburne AR

38 Diamondback, Javelina RI EOG Resources IncAtascosa TX

38.1 Diamondback, Javelina RI EOG Resources IncAtascosa TX

39 McDuffie, Metzer, Scamarado Grimes

RI ETX Energy LLCBrazos/Grimes TX

40 Hopkins RI Square Mile Energy LLCColorado TX

41 Briscoe Ranch RI Chesapeake Operating LLCDimmit TX

42 Briscoe Springman RI SB EF Maverick LLCDimmit TX

43 Lawson Mary, Moncrief Mattie

RI Breitman Operating LPGregg TX

43.1 Lawson Mary, Moncrief Mattie

RI Bryce GarnerGregg TX

44 Crawford Leta D, Shaw Verda RI Occidental PetroleumIrion TX

45 Dobby A H, Dobby B H, Naylor Jones Unit H

RI EOG Resources IncMcMullin TX

46 Bent Bros B, Bentsen Bros State, La Copita Gas Unit

RI Merit Energy CoStarr TX

47 Jack Wilson RI Devon Energy CorpTarrant/Wise TX

47.1 Jack Wilson RI Devon Energy CorpTarrant/Wise TX


48 Buhler-Schovasja, Henderson Schovajsa

ORRI Frostwood Energy LLCVictoria TX

48.1 Buhler-Schovasja, Henderson Schovajsa

ORRI Frostwood Energy LLCVictoria TX

49 Davis Ranch Operated Lease Trans Pacific Oil CorpBarber KS

50 Gove Minerals Minerals Gove KS

51 Rothe 1-18 and 2-18 Operated Lease Grand Mesa Operating CoNess KS

51.1 Rothe 1-18 ORRI Grand Mesa Operating CoNess KS

52 Thomas County Minerals Open Minerals Thomas KS

53 McClure Mineral RI Herman Loeb LLCHaskell KS

54 Chatfield Mineral RI Merit Energy CoHaskell KS

55 Fisher Operated Lease Thomas Garner IncEdwards KS

56 Whitney, RMD ORRI Indigo Production CoSabine LA

56.1 Whitney, RMD ORRI Indigo Production CoSabine LA

57 Pawnee County Minerals Open Minerals Pawnee OK

58 Tulsa County Minerals Open Minerals Tulsa OK

59 Jefferson County Minerals Open Minerals Jefferson OK

60 Lane County Minerals Open Unleased Minerals

Lane KS


Lot #1 ORRI

OperatorPalomino Petroleum

Legal DescriptionS/2 Sec 18-24S-35W

County & StateLogan, KS

Acres320

Net Income$1,766.53

(4 mo)

$441.63/mo

320 acre lease ORRI. *Seller is retaining 50% of what he owns so the income shown here is 1/2 of the income on the checkstubs in the data room. In other words, seller owns 2% of the lease - this auction is for 1%, therefore 50% of the income on the checkstubs is the net income shown.

New Well Drilled 2/2019

Oil Sales:5-19 650.08 BBL4-19 653.07 BBL3-19 812.28 BBL2-19 1290.12 BBL

Seller Comments:

Decimal Interest0.0100000 (*see Seller Comments)

Lease Name

Lot RemovedHillery-1

Lot #2 ORRI

OperatorK & N Petroleum Inc

Legal DescriptionW/2 SE Sec 9-19S-12W

County & StateBarton, KS

Acres80

Net Income$4,391.47

(12 mo)

$365.96/mo

Decimal Interest0.0546875

Lease NameWess

Gross BOPD3.6

Gross MCFD0


Lot #3 ORRI

OperatorAztec Oil Co Division

Legal DescriptionNW Sec 6-25S-5E

County & StateButler, KS

Acres160

Net Income$519.95

(12 mo)

$43.33/mo


Lease NameDavis

Gross BOPD1.75

Gross MCFD0

Lot #4 PWI

OperatorChesapeake Operating LLC

Legal DescriptionSW Sec 15-13N-10W

County & StateCanadian, OK

Acres160

Gross OpEx$1,456.04

Net Income$911.47

GWI0.05

NRI0.04

(10 mo)Gross Income$2,367.51

(10 mo) (10 mo)

$236.75/mo $145.60/mo $91.15/mo

Lease NameAustin F1-15

Lot #5 ORRI

OperatorHinkle Oil & Gas Inc

Legal DescriptionW/2 SW Sec 23-11N-5W


Acres160

Net Income$412.60

(12 mo)

$34.38/mo


Lease NameBorneman

Gross BOPD0.16

Gross MCFD18.4


Lot #6 ORRI

OperatorUrban Oil & Gas Group LLC

Legal DescriptionTrack 52-W/2 NE Sec 12-13N-9WTrack 53-NE/4 NE Sec 12-13N-9WTrack 54-SE/4 NE Sec 12-13N-9WTrack 55-NW/4 SE Sec 12-13N-9WTrack 57-SW/4 SE Sec 12-13N-9W


Acres160

Net Income$2,821.78

(14 mo)

$201.56/mo

Oil sales in Apr 2019 were 11,974 bbl from this unit and May check was $243.12. Lease also sold 20,045 gallons NGL and 1688 MCF gas.

Net Income:Feb 2019 - $170.18Mar 2019 - $160.77Apr 2019 - $211.36May 2019 - $243.12June 2019 - $243.39

Seller Comments:


Lease NameCalumet-Wilson (CCGU)

Gross MCFDSee note

Lot #7 ORRI

OperatorPickrell Drilling Co Inc

Legal DescriptionNE & S/2 Sec 13-26S-18W & NW Sec 18-26S-17W

County & StateEdwards, KS

Acres640

Net Income$598.69

(12 mo)

$49.89/mo


Lease NameWelch

Gross MCFD28



Lot #3 ORRI

OperatorAztec Oil Co Division


County & StateButler, KS

Acres160

Net Income$519.95

(12 mo)

$43.33/mo


Lease NameDavis

Gross BOPD1.75

Gross MCFD0

Lot #4 PWI


Legal DescriptionSW Sec 15-13N-10W


Acres160

Gross OpEx$1,456.04

Net Income$911.47

GWI0.05

NRI0.04


(10 mo) (10 mo)

$236.75/mo $145.60/mo $91.15/mo

Lease NameAustin F1-15

Lot #5 ORRI

OperatorHinkle Oil & Gas Inc

Legal DescriptionW/2 SW Sec 23-11N-5W


Acres160

Net Income$412.60

(12 mo)

$34.38/mo


Lease NameBorneman

Gross BOPD0.16

Gross MCFD18.4


Lot #6 ORRI

OperatorUrban Oil & Gas Group LLC

Legal DescriptionTrack 52-W/2 NE Sec 12-13N-9WTrack 53-NE/4 NE Sec 12-13N-9WTrack 54-SE/4 NE Sec 12-13N-9WTrack 55-NW/4 SE Sec 12-13N-9WTrack 57-SW/4 SE Sec 12-13N-9W


Acres160

Net Income$2,821.78

(14 mo)

$201.56/mo

Oil sales in Apr 2019 were 11,974 bbl from this unit and May check was $243.12. Lease also sold 20,045 gallons NGL and 1688 MCF gas.

Net Income:Feb 2019 - $170.18Mar 2019 - $160.77Apr 2019 - $211.36May 2019 - $243.12June 2019 - $243.39

Seller Comments:


Lease NameCalumet-Wilson (CCGU)

Gross MCFDSee note

Lot #7 ORRI


Legal DescriptionNE & S/2 Sec 13-26S-18W & NW Sec 18-26S-17W


Acres640

Net Income$598.69

(12 mo)

$49.89/mo


Lease NameWelch

Gross MCFD28


Lot #8 Operated Lease

OperatorStrataKan Exploration LLC

Legal DescriptionNW Sec 13-18S-10W

County & StateRice, KS

Acres160

GWI100%

NRI82%

This lot includes the Shultz 2, 3, and 4 producing oil wells and the Habiger 2 SWD. Production in this area is low decline and operates cheap. The disposal is located in the SW/4 of Sec 12-18S10W. It is directly across the road north. The annual outside water fee is $1200.00.

Current Operator purchased this lease entirely shut in during the extended downturn. It needed some TLC. The #3 and #4 wells had tubing leaks. The dump valve and float system was bad and the disposal was plugged off. Operator fixed the tubing leak on the #3 and started the #2 well. They replaced the dump valve and float on the saltwater tank. The SWD was acidized and is on a constant vac now. A solid and regular chemical program has been implemented. The oil is 40 gravity and does not require any separation related chemicals.

Operator has plans to fix the #4 tubing leak as well in the near future which would add production and value.

The lease averaged 3.6 BOPD in May (pumper sheet provided for reference). Operator believes adding the #4 will take production over 5 BOPD.

The lease has never been included in a 3-D seismic survey. That said, any location found via 3-D could yield a very large producer. Stratakan’s Habiger Lease is 1 mile east on the same trend and has produced 28,000 bbls in less than two years.

Operator has other projects going on that require funding and has decided to sell this lease through Mid-Continent Energy Exchange giving someone else a chance to make some oil.

Total fluid: #3 approximately 220 and #2 is approximately 110 the #4 well should produce 75-90 total fluid according to well data files. Behind pipe Shawnee, and Lansing/KC never opened. 330 BBL water per day produced.

Seller Comments:

Lease NameSchultz

Gross BOPD3.6

Gross BWPD0


Lot #9 ORRI

OperatorTrans Pacific Oil Corp

Legal DescriptionS/2 NE &NW Sec 20-14S-10W

County & StateEllsworth, KS

Acres120

Net Income$3,008.70

(12 mo)

$250.73/mo


Lease NamePekarek

Gross BOPD10

Lot #10 ORRI

OperatorVess Oil Corporation


County & StateHodgeman, KS

Acres160

Net Income$3,150.28

(12 mo)

$262.52/mo


Lease NameNelson

Gross BOPD2.9

Gross MCFD0

Lot #11 ORRI

OperatorDK Operating Inc

Legal DescriptionNE Sec 25-22S-24W


Acres160

Net Income$2,972.35

(12 mo)

$247.70/mo


Lease NameSpringer

Gross BOPD9.42

Gross MCFD0


Elite Oil & Gas Explorer Since 1969- 316-799-1000


OperatorStrataKan Exploration LLC


County & StateRice, KS

Acres160

GWI100%

NRI82%

This lot includes the Shultz 2, 3, and 4 producing oil wells and the Habiger 2 SWD. Production in this area is low decline and operates cheap. The disposal is located in the SW/4 of Sec 12-18S10W. It is directly across the road north. The annual outside water fee is $1200.00.

Current Operator purchased this lease entirely shut in during the extended downturn. It needed some TLC. The #3 and #4 wells had tubing leaks. The dump valve and float system was bad and the disposal was plugged off. Operator fixed the tubing leak on the #3 and started the #2 well. They replaced the dump valve and float on the saltwater tank. The SWD was acidized and is on a constant vac now. A solid and regular chemical program has been implemented. The oil is 40 gravity and does not require any separation related chemicals.

Operator has plans to fix the #4 tubing leak as well in the near future which would add production and value.

The lease averaged 3.6 BOPD in May (pumper sheet provided for reference). Operator believes adding the #4 will take production over 5 BOPD.

The lease has never been included in a 3-D seismic survey. That said, any location found via 3-D could yield a very large producer. Stratakan’s Habiger Lease is 1 mile east on the same trend and has produced 28,000 bbls in less than two years.

Operator has other projects going on that require funding and has decided to sell this lease through Mid-Continent Energy Exchange giving someone else a chance to make some oil.

Total fluid: #3 approximately 220 and #2 is approximately 110 the #4 well should produce 75-90 total fluid according to well data files. Behind pipe Shawnee, and Lansing/KC never opened. 330 BBL water per day produced.

Seller Comments:

Lease NameSchultz

Gross BOPD3.6

Gross BWPD0


Lot #9 ORRI


Legal DescriptionS/2 NE &NW Sec 20-14S-10W

County & StateEllsworth, KS

Acres120

Net Income$3,008.70

(12 mo)

$250.73/mo


Lease NamePekarek

Gross BOPD10

Lot #10 ORRI

OperatorVess Oil Corporation



Acres160

Net Income$3,150.28

(12 mo)

$262.52/mo


Lease NameNelson

Gross BOPD2.9

Gross MCFD0

Lot #11 ORRI

OperatorDK Operating Inc



Acres160

Net Income$2,972.35

(12 mo)

$247.70/mo


Lease NameSpringer

Gross BOPD9.42

Gross MCFD0


Lot #12 ORRI

OperatorELK Energy Holdings LLC

Legal DescriptionNW SE SE NW Sec 14-10S-33W

County & StateThomas, KS

Net Income$5,976.24

(4 mo)

$1,494.06/moSeller Comments: High bidder will have the option to double or triple this lot.

Oil sales: Jan 2019 4,773 bbl sold (27 days) Feb 2019 4,386 bbl sold (21 days) Mar 2019 4,819 bbl sold (27 days) Revenue to the interest - $810.85Apr 2019 10,766 bbl sold (28 days) Revenue to the interest - $2,001.98May 2019 8,136 bbl sold (19 days) Revenue to the interest - $1,451.18Jun 2019 10,809 bbl sold (30 days) Revenue to the interest - $1,712.26

4 month average including 1 month revenue prior to wells 3, 4,and 5 is $1,494.06 to this interest.


Lease NameLippelmann 1-14

Gross BOPD345

Gross MCFD0

Lot #12.1 ORRI




Net Income$5,976.24

(4 mo)

$1,494.06/mo



Seller Comments:



Gross BOPD345

Gross MCFD0


Lot #12.2 ORRI




Net Income$5,976.24

(4 mo)

$1,494.06/mo



Seller Comments:



Gross BOPD345

Gross MCFD0

Lot #13 ORRI

OperatorC&R Oil


County & StateRooks, KS

Acres160

Net Income$777.28

(12 mo)

$64.77/mo


Lease NameBlank

Gross BOPD1.75

Gross MCFD0

Lot #14 ORRI

OperatorPaul Bowman Oil Trust

Legal DescriptionSE Sec 21-10S-20W


Acres160

Net Income$2,060.63

(12 mo)

$171.72/mo


Lease NameP. Keller

Gross BOPD1.67

Gross MCFD0


Lot #15 ORRI

OperatorCarmen Schmitt Inc



Acres160

Net Income$208.55

(12 mo)

$17.38/mo


Lease NameMcFadden A

Gross BOPD3.11

Gross MCFD0


OperatorMurfin Drilling Co Inc

Legal Description38.880594° -102.300182° SE NE Sec 35-13S-44W 6 PM

County & StateCheyenne, CO

Acres80

GWI0.9125 of WIO have agreed to sell

NRI0.6980625 of the WIO willing to sell

15 hp centrifugal salt water transfer pump. Salt water pumped via flowline to Mull Drilling’s Pelton Heirs C-1 SWD well 4150′ to the NW. Salt water disposal agreement transferable. Two of the steel stock tanks have holes. Only one water tank is in use. Well is being "skimmed", i.e. pump is set high in well bore. Pump could be lowered.

There were two WIO (0.085 WI) that did not consent to sell their WI.

Seller Comments:

Lease NameUPRC 1-35

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

1/21/1993 500 141,000N/A4.512/3/1992SalisUPRC 1-35

Surface Casing

Production Casing Tubing Rods Pump

PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

(89) 3/4", (10) 7/8"

40 hp electric

(3) 300 bbl steel stock tanks. (1) FG gun barrel.

CMI 320-213-86

2 1/4" tubing

pump ...

2 7/8" to 2506'

5 1/2", 15# to 5365'2 1/2

8 5/8" to 353'

UPRC 1-35


Lot #17 ORRI


Legal DescriptionSW Sec 32-19S-20W & W/2 Sec 29-19S-20W

County & StateRush, KS

Acres480

Net Income$1,903.14

(12 mo)

$158.60/mo


Lease NameDehner

Gross BOPD6.67

Gross MCFD0


Lot #15 ORRI

OperatorCarmen Schmitt Inc



Acres160

Net Income$208.55

(12 mo)

$17.38/mo


Lease NameMcFadden A

Gross BOPD3.11

Gross MCFD0



Legal Description38.880594° -102.300182° SE NE Sec 35-13S-44W 6 PM

County & StateCheyenne, CO

Acres80

GWI0.9125 of WIO have agreed to sell

NRI0.6980625 of the WIO willing to sell

15 hp centrifugal salt water transfer pump. Salt water pumped via flowline to Mull Drilling’s Pelton Heirs C-1 SWD well 4150′ to the NW. Salt water disposal agreement transferable. Two of the steel stock tanks have holes. Only one water tank is in use. Well is being "skimmed", i.e. pump is set high in well bore. Pump could be lowered.

There were two WIO (0.085 WI) that did not consent to sell their WI.

Seller Comments:

Lease NameUPRC 1-35


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

1/21/1993 500 141,000N/A4.512/3/1992SalisUPRC 1-35

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

(89) 3/4", (10) 7/8"

40 hp electric

(3) 300 bbl steel stock tanks. (1) FG gun barrel.

CMI 320-213-86

2 1/4" tubing

pump ...

2 7/8" to 2506'

5 1/2", 15# to 5365'2 1/2

8 5/8" to 353'

UPRC 1-35


Lot #17 ORRI


Legal DescriptionSW Sec 32-19S-20W & W/2 Sec 29-19S-20W

County & StateRush, KS

Acres480

Net Income$1,903.14

(12 mo)

$158.60/mo


Lease NameDehner

Gross BOPD6.67

Gross MCFD0



Lot #18 Mineral RI

OperatorAlta Mesa Resources

Legal DescriptionNW NW NE NW & NW NE NE NE Sec 13-16N-6W

County & StateKingfisher, OK

Acres2 NMA of the 8.332 Acres; 640 Gross Mineral Acres

Net Income$3,858.64

(12 mo)

$321.55/moSeller Comments: High bidder will have the option to double, triple or quadruple this lot (18.1, 18.2 & 18.3).

Net Monthly Income is $321.55 (not $1,236.57 as stated in the catalog). Calculated at 13 month income = $16,075.36 / 8.332 acres = $1,929.32 / 12 months = $160.78 per acre per month average x 2 Acres = $321.55 Net Monthly Income.

There is 1 Parent HZ well producing which IP’ed first month at 989BOP/D & 3193MCF/D in 2017. Increased Density approved for 6 new wells with 3 wells drilled in April & May 2019 and into completion with production expected soon. Flush checks for the 3 new wells expected in March and April 2020.

Producing Wells: 1 * Bunker Buster 1606 1-13MH -- IP Oil: 989 bbl -- IP Gas: 3193 mcf -- Mississippian Formation -- Year 1 Revenue: $16,075.36 for 8.332 Acres New Wells: 3 Permits Approved 3/25/2019 * Bunker Buster 1606 2-13MH - Spud 4/11/2019 * Bunker Buster 1606 3-13MH - Spud 4/27/2019 * Bunker Buster 1606 4-13MH - Spud 5/6/2019 High Density Drilling: * High Density Approval for 6 wells filed 7/2/2018

Decimal InterestLease Royalty: 0.125Section Interest: 0.00039603

Lease NameKingfisher County Minerals


Lot #18.1 Mineral RI





Net Income$3,858.64

(12 mo)

$321.55/moSeller Comments: Net Monthly Income is $321.55 (not $1,236.57 as stated in the catalog). Calculated at 13 month

income = $16,075.36 / 8.332 acres = $1,929.32 / 12 months = $160.78 per acre per month average x 2 Acres = $321.55 Net Monthly Income.






Lot #18 Mineral RI





Net Income$3,858.64

(12 mo)

$321.55/moSeller Comments: High bidder will have the option to double, triple or quadruple this lot (18.1, 18.2 & 18.3).

Net Monthly Income is $321.55 (not $1,236.57 as stated in the catalog). Calculated at 13 month income = $16,075.36 / 8.332 acres = $1,929.32 / 12 months = $160.78 per acre per month average x 2 Acres = $321.55 Net Monthly Income.











Net Income$3,858.64

(12 mo)









Hays, Kansas (785) 628-6395

www.eliwireline.com







Net Income$3,858.64

(12 mo)













Net Income$3,858.64

(12 mo)









Lot #19 ORRI

OperatorThomas Garner Inc

Legal DescriptionE/2 Sec 18-25S-13W

County & StateStafford, KS

Acres80

Net Income$1,654.01

(6 mo)

$275.67/moSeller Comments: Successful bidder will have the option to double this lot.

Kansas City Producer with potential Mississippi behind the pipe. Well came in at 25 BOPD in December 2018 and has produced 17 BOPD for the past 30 days.

Production:Dec 2018 Sales - 155.5 bbl - $62.19 RevenueJan 2019 Sales - 969.50 bbl - $430.31 RevenueFeb 2019 Sales - 652.50 bbl - $312.21 RevenueMar 2019 Sales - 481.50 bbl - $244.18 RevenueApr 2019 Sales - 468.50 bbl - $263.30 RevenueMay 2019 Sales - 646.50 bbl - $341.72 Revenue

6 month average production - 3374 bbl or 18.74 per day6 month average income - $1,654.01 or $275.66 per month

Seller owns a 2% orri and is selling 1% in each lot.

Decimal Interest.01

Lease NameMary 1

Gross BOPD17

Gross MCFD0


Lot #19.1 ORRI




Acres80

Net Income$1,654.01

(6 mo)

$275.67/mo





Seller Comments:

Decimal Interest.01

Lease NameMary 1

Gross BOPD17

Gross MCFD0

Lot #20 Minerals


County & StateComanche, KSAcres80 NMA

Comanche County MineralsLease Name



Lot #19 ORRI




Acres80

Net Income$1,654.01

(6 mo)

$275.67/moSeller Comments: Successful bidder will have the option to double this lot.





Decimal Interest.01

Lease NameMary 1

Gross BOPD17

Gross MCFD0


Lot #19.1 ORRI




Acres80

Net Income$1,654.01

(6 mo)

$275.67/mo





Seller Comments:

Decimal Interest.01

Lease NameMary 1

Gross BOPD17

Gross MCFD0

Lot #20 Minerals


County & StateComanche, KSAcres80 NMA

Comanche County MineralsLease Name


Superior Service throughout the Mid-Continent- 620-872-DIRT

Lot #21 Term Royalty

OperatorMarathon Oil Co

Legal Description50.51 acres of the Karnes County School Land Survey Abstract No 168

County & StateKarnes, TX

Acres0.67

Net Income$5,049.28

(5 mo)

$1,009.86/mo

20 year term royalty expiring on April 13, 2032 (approx 12.75 years from now). Term royalty assignment available under ‘Files’ in data room.

Seller Comments:

Decimal Interest.0020950

Lease NameTurnbull Units G & H

Lot #22 PWI

OperatorGreat Plains Energy


County & StateDecatur, KS

Acres160

Gross OpEx$298.87

Net Income$340.29

GWI0.01325

NRI0.0106

(11 mo)Gross Income$639.16

(11 mo) (11 mo)

$58.11/mo $27.17/mo $30.94/mo

OIL SALES: 2014 - 4,853 bbl 2015 - 5,386 bbl 2016 - 2,745 bbl 2017 - 1,897 bbl2018 - 1,445 bbl 2019 - 319 bbl (through March)

Seller Comments:

Lease NameRitter 'A' 1-32

Lot #23 ORRI




Acres160

Net Income$527.90

(12 mo)

$43.99/mo

OIL SALES: 2014 - 4,853 bbl 2015 - 5,386 bbl 2016 - 2,745 bbl 2017 - 1,897 bbl2018 - 1,445 bbl 2019 - 319 bbl (through March)

Seller Comments:


Lease NameRitter 'A' 1-32


Lot #24 PWI


Legal DescriptionSW Sec 27-3S-26W


Acres160

Gross OpEx$255.87

Net Income$776.63

GWI0.01325

NRI0.0106


(11 mo) (11 mo)

$93.86/mo $23.26/mo $70.60/mo

OIL SALES: 2017 - 1,773 bbl 2018 - 2,144 bbl 2019 - 494 bbl (through March)Seller Comments:

Lease NameEvelyn 'A' 1-27

Lot #25 ORRI




Acres160

Net Income$919.31

(12 mo)

$76.61/mo

OIL SALES: 2017 - 1,773 bbl 2018 - 2,144 bbl 2019 - 494 bbl (through March)Seller Comments:


Lease NameEvelyn ‘A’ 1-27


Lot #26 ORRI

OperatorXTO Energy Inc

Legal DescriptionSE NW Sec 21-22N-11W

County & StateMajor, OK

Acres40

Net Income$2,932.44

(13 mo)

$225.57/mo

Production:2018 – sold 7,656 BBL2018 – sold 11,016 MCF1-19 488 BBL / 863 MCF2-19 489 BBL / 790 MCF3-19 157 BBL / 884 MCF4-19 477.75 BBL / 823 mcf gas sold off the 21-64-19 222.60 BBL oil sold off the 21-5

Seller Comments:


Lease NameMCU 21-6




Acres40

Net Income$366.92

(12 mo)

$30.58/mo

Production:2018 – sold 1,416 BBL2018 – sold 1,668 MCF1-19 162 BBL / 1,712 MCF2-19 156 BBL / 1,562 MCF

Seller Comments:


Lease NameUnit 21 - 1,2,3,4,5 (Driscol)

Total Lot Net Monthly Income: $256.15



OperatorGrand Mesa Operating Co

Legal DescriptionSW & W/2 SE Sec 9-18S-24W

County & StateNess, KS

Acres240

GWI100%

NRI82.5%

Water is disposed into the Gantz SWD operated by Carmen Schmidt - $250/month.Seller Comments:

Lease NameWells 1-9

Gross BOPD1.5

Gross BWPD262


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

Jun 2004 2621.5Jun 2004Wells 1-9

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

3/4" Electric motor

2-WSST (200 bbl); 1-GB (210 bbl); 1-

SWT (200 bbl)

National API 114

2"2 7/8" @ 4,370'

5 1/2" 14 lb/ft @ 4,429'

8 5/8" 20 lb/ft @ 219'

Wells 1-9

Lot #27.1 ORRI




Acres240

Net Income$857.92

(12 mo)

$71.49/mo



Lease NameWells 1-9

Gross BOPD1.5



Lot #26 ORRI




Acres40

Net Income$2,932.44

(13 mo)

$225.57/mo

Production:2018 – sold 7,656 BBL2018 – sold 11,016 MCF1-19 488 BBL / 863 MCF2-19 489 BBL / 790 MCF3-19 157 BBL / 884 MCF4-19 477.75 BBL / 823 mcf gas sold off the 21-64-19 222.60 BBL oil sold off the 21-5

Seller Comments:


Lease NameMCU 21-6




Acres40

Net Income$366.92

(12 mo)

$30.58/mo

Production:2018 – sold 1,416 BBL2018 – sold 1,668 MCF1-19 162 BBL / 1,712 MCF2-19 156 BBL / 1,562 MCF

Seller Comments:


Lease NameUnit 21 - 1,2,3,4,5 (Driscol)

Total Lot Net Monthly Income: $256.15






Acres240

GWI100%

NRI82.5%


Lease NameWells 1-9

Gross BOPD1.5

Gross BWPD262


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

Jun 2004 2621.5Jun 2004Wells 1-9

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

3/4" Electric motor

2-WSST (200 bbl); 1-GB (210 bbl); 1-

SWT (200 bbl)

National API 114

2"2 7/8" @ 4,370'

5 1/2" 14 lb/ft @ 4,429'

8 5/8" 20 lb/ft @ 219'

Wells 1-9

Lot #27.1 ORRI




Acres240

Net Income$857.92

(12 mo)

$71.49/mo



Lease NameWells 1-9

Gross BOPD1.5


Elite Oil & Gas Explorer Since 1969- 316-799-1000Office: (913) 837 - 4100 Fax: 1(913) 837 - 2241






Acres160

GWI100%

NRI82.5%

Water is disposed by pipeline into the HSS #1-22 SWD, operated by Mull Drilling Co., cost of $0.15/barrel.

Seller Comments:

Lease NameSargent 1-20

Gross BOPD1.0

Gross BWPD64


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

Oct 2005 641.0Sep 2005Sargent 1-20

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

7/8" & 3/4" Electric Motor

2-WSST (200 bbl); 1-GB (210 bbl); 1-

SWT (200 bbl)

Parkersburg API 114

1 1/2"2 7/8 @ 4,600'

5 1/2" 14 lb/ft @ 4,635'

8 5/8" 24 lb/ft @220'

Sargent 1-20

Lot #28.1 ORRI




Acres160

Net Income$135.68

(12 mo)

$11.31/mo


Seller Comments:



Gross BOPD1.0





County & StateMarion, KS

Acres160

GWI100%

NRI84.023500%

The Marion county assets (Bowers, Heise, Hobein, Honska, Oyer and Lehmann) will be sold no reserve and will sell together as one lot. It is 1520 acres of leasehold. Said lease has been unitized and consolidated with other lands for the purpose of producing gas.

Seller Comments:

Lease NameBowers


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction126,079 mcf9/13/62 0 0shut-in07/23/62Mississippian1

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

7'x2' 125#Briggs 16 h.p.

FG 200 bbl SWTEmsco 57 44" stroke

1


Legal DescriptionNE Sec 5-19S-5E


Acres160

GWI100%

NRI84.023500%

Said lease has been unitized and consolidated with other land for the purpose of producing gas by Declaration of Unitized Operations dated July 16, 1962 and recorded in Book M136 at Page 49.

Seller Comments:

Lease NameHeise


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction2,276,399

mcf9/13/62 8 01507/8/62Mississippian1

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

R-W oilfield

30"x10'...

90 jts 3/4" rods

FM 208 8" sheave

FG KBK 12x10 200 bbl oper. netted

Lufkin 57 42" stroke

2x1.5x871 jts 2-3/8"1







Acres160

GWI100%

NRI82.5%


Seller Comments:


Gross BOPD1.0

Gross BWPD64


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

Oct 2005 641.0Sep 2005Sargent 1-20

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

7/8" & 3/4" Electric Motor

2-WSST (200 bbl); 1-GB (210 bbl); 1-

SWT (200 bbl)

Parkersburg API 114

1 1/2"2 7/8 @ 4,600'

5 1/2" 14 lb/ft @ 4,635'

8 5/8" 24 lb/ft @220'

Sargent 1-20

Lot #28.1 ORRI




Acres160

Net Income$135.68

(12 mo)

$11.31/mo


Seller Comments:



Gross BOPD1.0






Acres160

GWI100%

NRI84.023500%

The Marion county assets (Bowers, Heise, Hobein, Honska, Oyer and Lehmann) will be sold no reserve and will sell together as one lot. It is 1520 acres of leasehold. Said lease has been unitized and consolidated with other lands for the purpose of producing gas.

Seller Comments:

Lease NameBowers


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction126,079 mcf9/13/62 0 0shut-in07/23/62Mississippian1

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

7'x2' 125#Briggs 16 h.p.

FG 200 bbl SWTEmsco 57 44" stroke

1




Acres160

GWI100%

NRI84.023500%

Said lease has been unitized and consolidated with other land for the purpose of producing gas by Declaration of Unitized Operations dated July 16, 1962 and recorded in Book M136 at Page 49.

Seller Comments:

Lease NameHeise


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction


mcf9/13/62 8 01507/8/62Mississippian1

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

R-W oilfield

30"x10'...

90 jts 3/4" rods

FM 208 8" sheave



2x1.5x871 jts 2-3/8"1



Legal DescriptionSW Sec 5-19S-5E, NW Sec 8, NE Sec 17


Acres480

GWI100%

NRI84.023500%

Said leases have been unitized and consolidated with other lands for the purpose of producing gas.Seller Comments:

Lease NameHobein


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction


mcf9/13/62 0 02507/8/62MississippianLehmann-

Hobien Unit 1

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

National 30"x13' 125# …

89 jts 3/4" Continental 66 9"

sheave …

McDonald 12x10 200 bbl closed

SWT

Churchill 50 36" stroke

2x1.5" pump x

10 HVR …

72 jts 2-3/8"Lehmann-Hobien

Unit 1




Acres160

GWI100%

NRI84.023500%

Said lease has been unitized and consolidated with other lands for the purpose of producing gas.Seller Comments:

Lease NameHonska


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction


mcf5/5/61 0 02003/11/61Mississippian#1

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

Bremco 30"x10' vertical

88 jts 3/4" FM 208 8" sheave no

timer


SWT

Cabot 57 42" stroke

2x1.5x871 jts 2-3/8"#1



Legal DescriptionS/2 Sec 8-19S-5E


Acres320

GWI100%

NRI84.023500%

Lease NameOyer


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction958,128 mcf9/16/62 0 0807/29/62MississippianOyer-Henry

Hobein Unit 1

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

91 jts 3/4" FM 208 10" sheave


SWT


2x1.5x10 HT 12" GA

73 jts 2-3/8"Oyer-Henry

Hobein Unit 1


Legal DescriptionN/2 NW & SE Sec 5-19S-5E


Acres240

GWI100%

NRI84.023500%


Lease NameLehmann


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction


mcf9/13/62 3 01207/13/62MississippianHeise-Lehmann-

Stenzel 1

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

30" x10' 250#

vertical

88 jts 3/4" FM 208 8"sheave no timer

KBK FG 12x10 200 bbl oper SWT

Emsco 57 44" stroke

2x1.5x10 Johnson Fagg RWT

71 jts 2-3/8"Heise-Lehmann-Stenzel

1



Hays, Kansas (785) 628-6395

www.eliwireline.com


Legal DescriptionSW Sec 5-19S-5E, NW Sec 8, NE Sec 17


Acres480

GWI100%

NRI84.023500%

Said leases have been unitized and consolidated with other lands for the purpose of producing gas.Seller Comments:

Lease NameHobein


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction


mcf9/13/62 0 02507/8/62MississippianLehmann-

Hobien Unit 1

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

National 30"x13' 125# …

89 jts 3/4" Continental 66 9"

sheave …


SWT

Churchill 50 36" stroke

2x1.5" pump x

10 HVR …

72 jts 2-3/8"Lehmann-Hobien

Unit 1




Acres160

GWI100%

NRI84.023500%


Lease NameHonska


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction


mcf5/5/61 0 02003/11/61Mississippian#1

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

Bremco 30"x10' vertical

88 jts 3/4" FM 208 8" sheave no

timer


SWT

Cabot 57 42" stroke

2x1.5x871 jts 2-3/8"#1



Legal DescriptionS/2 Sec 8-19S-5E


Acres320

GWI100%

NRI84.023500%

Lease NameOyer


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction958,128 mcf9/16/62 0 0807/29/62MississippianOyer-Henry

Hobein Unit 1

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

91 jts 3/4" FM 208 10" sheave


SWT


2x1.5x10 HT 12" GA

73 jts 2-3/8"Oyer-Henry

Hobein Unit 1


Legal DescriptionN/2 NW & SE Sec 5-19S-5E


Acres240

GWI100%

NRI84.023500%


Lease NameLehmann


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction


mcf9/13/62 3 01207/13/62MississippianHeise-Lehmann-

Stenzel 1

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

30" x10' 250#

vertical

88 jts 3/4" FM 208 8"sheave no timer

KBK FG 12x10 200 bbl oper SWT

Emsco 57 44" stroke

2x1.5x10 Johnson Fagg RWT

71 jts 2-3/8"Heise-Lehmann-Stenzel

1




OperatorBecker Oil Corp

Legal DescriptionNW NW Sec 18-25N-2E

County & StateKay, OK

Acres40 +/-

Gross OpEx$7,188.73

Net Income$8,507.87

GWI100%

NRI.812500


(5 mo) (5 mo)

$3,139.32/mo $1,437.75/mo $1,701.57/mo

The Standsblack, Big Goose and Steichen assets all sell together as one lot.

SW goes to Ceja $175/month + .15/bbl.

PRODUCTION:Jan - 52 bblFeb - 47 bblMar - 48 bblApr - 50 bblMay - 47 bbl

Seller Comments:

Lease NameStandsblack

Gross BOPD1.69


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

05/1962 21 239,4121.6904/18/1962Mississippi ChatStandsblack #1

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

SWT3/4" 3875' Electric 4x20 trenton; 10x15 fiberglass; 2-12'x10' steel …

National 1142" x 1-1/4" x 11'

2-3/8" 3922'5-1/2" @ 3912; 4-1/2" liner @ 3766'

8-5/8 @ 145"

Standsblack #1



Legal DescriptionNW Sec 7-25N-2E


Gross OpEx$19,538.95

Net Income$15,911.44

GWI100%

NRI.8514332


(5 mo) (5 mo)

$7,090.08/mo $3,907.79/mo $3,182.29/mo

Right of way for SW line $800/yr. SW to Ceja $350/month + .15/bbl


Changed #1 pump 4-15-19

Seller Comments:

Lease NameBig Goose


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

12/1965 39 338,78111/21/1965Mississippi ChatBig Goose #1

12/1985 39 338,78111/12/1985Mississippi ChatBig Goose #3

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

4x20 treater

45-5/8"; 107-3/4"

Electric 20 hp

3-10x15 steelLufkin 1142 x 1-1/2 x 12'

2-3/8" 122 jts 3870'

4-1/2" @ 3871'; 3-1/2"

liner

8-5/8 @ 162"

Big Goose #1

3/4-149 C-66Lufkin 572 x 1-1/2 x 12'

2-3/8" 122 jts 3795'

5-1/2" @ 3817'

8-5/8 @ 306"

Big Goose #3



Legal DescriptionNE Sec 13-25N-1E


Gross OpEx$6,089.76

Net Income$3,576.19

GWI100%

NRI.830730


(5 mo) (5 mo)

$1,933.19/mo $1,217.95/mo $715.24/mo

Right of way for SW line $480/yr. SW to Ceje $175/month + .15/bbl


Seller Comments:

Lease NameSteichen


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

9/1962 31 401,0038/13/1962Mississippi ChatSteichen #1

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

4x20 treater

74-5/8"; 81-3/4

C-66 3-10x15 steelAmerican 802 x 1-1/2 x 12'

2-3/8 130 jts 3962'

5-1/2" @ 3951'

8-5/8 155'Steichen #1

Total Lot Net Monthly Income: $5,599.10





County & StateSheridan, KS

Acres160

Gross OpEx$20,816.78

Net Income$22,561.04

GWI1.00

NRI0.82031240


(12 mo) (12 mo)

$3,614.82/mo $1,734.73/mo $1,880.09/mo

The #7 well has been TA’d since November 2016 but tubing job just performed in early July 2019 and returned to production. The #7 well is still pumping the fluid level down on the backside.

Seller Comments:

Lease NameMosier A

Gross BOPD2.65


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

12/28/198111/27/1981Cedar Hills2 SWD

6/26/1983 327N/A2.46/17/1983LKC3

7/10/19846/16/1984Toronto & LKC7

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

2-3/8" fiberglass @ 1791'

5-1/2" @ 4359'

8-5/8" @ 271'

2 SWD

10' x 15' FGGB

75 jts 7/8"; 76 jts 3/4"

50 hp motor

4 - 12' x 10' WSST, one is bad, 1 - 12'

x 10' FG

114 American w/160 gearbox

2-1/2 x 2 x 12'

2-7/8" @ 3823'

5-1/2" @ 4050'

8-5/8" @ 288'

3

75 jts 7/8"; 76 jts 3/4"

30 hp motor

114 Sentry2-1/2 x 2 x 14'

2-7/8" @ 3796'

5-1/2" @ 4039'

8-5/8" @ 255'

7

Lot #32 Open Minerals

Legal DescriptionSec 27-04N-03E

County & StateGarvin, OKAcres2.14285 NMA

2.14285 NMA of OPEN MineralsSeller Comments:

Garvin County MineralsLease Name



Legal DescriptionSee data room

County & StateDelta and Hopkins, TXAcres5.35714 NMA


Delta and Hopkins County Lease Name


Lot #34 Mineral RI

OperatorDevon Energy Corp

Legal DescriptionSec 06-14N-9W & Sec 07-14N-9W


Acres2 NMA of the 8.15 Acres - 1269.14 gross acres

Seller Comments: High bidder will have the option to double, triple or quadruple this lot (34.1, 34.2 & 34.3). #Acres changed to 2 NMA of the 8.15 Acres - 1269.14 gross acres. Decimal interest changed to Section Interest: .0019698.

There is 1 Parent HZ well producing which IP’ed at ~910BOE/D in 2012. Increased Density was approved for 9 new HZ wells with 7 online and selling Oil in April 2019 with Flush Checks for the 7 new wells expected by September 2019.Producing Wells: 1 * ALIG 18-07-14-9 -- IP: 910 BOE (~1 Mile Lateral)New Wells: 7 Permits Approved on 9/7-17/2018 * ML 6_7-14N-9W 4HX (WOODFORD) Spud 9/16/18 * ML 6_7-14N-9W 5HX (MISSISSIPPIAN) Spud 10/31/18 * ML 6_7-14N-9W 6HX (WOODFORD) Spud 10/17/18 * ML 6_7-14N-9W 7HX (MISSISSIPPIAN) Spud 9/21/18 * ML 6_7-14N-9W 9HX (WOODFORD) Spud 11/22/18 * ML 6_7-14N-9W 10HX (MISSISSIPPIAN) Spud 10/17/18 * ML 6_7-14N-9W 11HX (WOODFORD) Spud 11/15/18 -- Revenue expected to begin on 7 new wells in Sept-Oct ‘19 High Density Drilling: * Increased Density Approval for 9 wells filed 8/14/2018API: 017-25267, 017-25273, 017-25274, 017-25271, 017-25276, 017-25272, 017-25275.

Decimal InterestLease Royalty: 1/8 (12.5%)Section Interest: .0019698

Lease NameCanadian ML6





County & StateDelta and Hopkins, TXAcres5.35714 NMA


Delta and Hopkins County Lease Name


Lot #34 Mineral RI





Seller Comments: High bidder will have the option to double, triple or quadruple this lot (34.1, 34.2 & 34.3). #Acres changed to 2 NMA of the 8.15 Acres - 1269.14 gross acres. Decimal interest changed to Section Interest: .0019698.










Seller Comments: #Acres changed to 2 NMA of the 8.15 Acres - 1269.14 gross acres. Decimal interest changed to Section Interest: .0019698.




















Seller Comments: Lot 34.3 changed # of acres after catalog was sent to print.Was: #acres = 1 NMA of the 7.7 Acres - 1280.00 gross acres;Decimal interest = Lease Royalty: 1/8 (12.5%) - Section Interest: .00009766

Changed to: 2 NMA of the 8.15 Acres - 1269.14 gross acresDecimal interest = Lease Royalty: 1/8 (12.5%) - Section Interest: .0019698





Lot #35 Leasehold

Legal DescriptionSec 18-21N-4W

County & StateGarfield, OK

Acres251.236 net acres

NRI0.125

Subject to a royalty of 1/8th & a three (3) year term, expiring 7-7-2021 thru 9-23-2021.Seller Comments:

Lease NameLeasehold




NRI0.1875

Subject to a royalty of 3-16th & a three (3) year term, expiring 8-14-2021 thru 10-17-2021.Seller Comments:

Lease NameLeasehold









Seller Comments: Lot 34.3 changed # of acres after catalog was sent to print.Was: #acres = 1 NMA of the 7.7 Acres - 1280.00 gross acres;Decimal interest = Lease Royalty: 1/8 (12.5%) - Section Interest: .00009766

Changed to: 2 NMA of the 8.15 Acres - 1269.14 gross acresDecimal interest = Lease Royalty: 1/8 (12.5%) - Section Interest: .0019698





Lot #35 Leasehold




NRI0.125

Subject to a royalty of 1/8th & a three (3) year term, expiring 7-7-2021 thru 9-23-2021.Seller Comments:

Lease NameLeasehold




NRI0.1875

Subject to a royalty of 3-16th & a three (3) year term, expiring 8-14-2021 thru 10-17-2021.Seller Comments:

Lease NameLeasehold


Office: (913) 837 - 4100 Fax: 1(913) 837 - 2241




OperatorNorstar Petroleum Inc

Legal DescriptionSec 19, 29, 30, 31, 32-33S-28W and Sec 24, 25-33S-29W

County & StateMeade, KS

Acres2520

GWI100%

NRI77.95%

The Mohler field was discovered in 1958 with three gas wells on the north end of the field. The gas wells produced for nearly 20 years before the down-dip oil leg of the field was discovered. A second wave of drilling occurred in the 1980s, as the oil leg was developed and the boundaries of the reservoir were established. The Mohler field was unitized by Samedan Oil Corp in 1994. The Unit changed hands one time before it was purchased by CHT in 2000. CHT operated the Unit from 2000 to December 2014, at which time it was taken over by NPI, the current operator. NPI and CHT are related entities and the change of operations was a result of gaining administrative efficiency.The Unit is a Morrow channel sand at a depth of ~5600'. The Morrow has high porosity and permeability, as demonstrated by the cumulative production throughout the life of the Unit. Before the Unit was formed in 1994, its wells had produced over 986 MBO and 9 BCF. A 1994 waterflood feasibility study, performed by Samedan, estimated that there were 81 MBO left of primary production with 1,500 to 2,000 MBO to be recovered with a waterflood. A 2006 numerical simulation study, performed by NPI, reported that the Unit had produced an incremental 140 MBO since the unit was formed in 1994 and estimated at 232 MBO remain to be recovered by the current waterflood pattern. The secondary recovery estimates were limited by the existing well pattern and the inability of NPI/CHT to invest sufficient capital to capture the 1,000+ MBO secondary reserves, originally estimated by Samedan. The Unit has produced 16 MBO since 2006, for a total cumulative production of 1,142 MBO. Current production is 4.5 BOPD from three wells.

* Total Unit Production 1,142,000 BO, 9 BCF Gas

Seller Comments:

Lease NameMohler Unit

Gross BOPD4.5


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

N/A12/31/1958 100+ N/AN/AN/A11/9/1958Shawnee#1

N/A11/26/1958 N/A N/AN/AN/A10/11/1958Morrow#2



*8/1/1980 25 *N/A1.56/23/1980Morrow#3

*11/7/1980 25 *N/A1.59/17/1980Morrow#4

*10/3/1980 50 *N/A1.58/30/1980Morrow#9

*3/31/1990 0 *N/A03/2/1990Morrow#10


Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

N/A N/A Unit Tank battery: 36"x10' FWKO

N/AN/A3400' 2-7/8" IPC

5726' 7"1547' 9-5/8"#1

N/A N/A Unit Tank battery: 36"x10' FWKO

N/AN/A5560' 2-3/8" IPC

5720' 7"1543' 9-5/8"#2

N/A N/A 4'x20' HPT - 6'x20' HT - 30"x10' 125#

N/AN/A5530' 2-3/8" IPC

5900' 5-1/2"1599' 8-3/8"#5

N/A N/A 4'x20' HPT - 6'x20' HT - 30"x10' 125#

N/AN/A5000' 2-3/8" IPC

5795' 5-1/2"1474' 8-5/8"#15

155-3/4" 69-7/8"

Electric motor

Vertical separator 5 hp Gould

transfer pump, …

American 1142"x1-1/2"x16'

189 jts 2-3/8"

5773' 5-1/2"1579' 8-5/8"#3

156-3/4" 69-7/8"

Electric motor

Vertical separator 5 hp Gould

transfer pump, …

Emsco 1142"x1-1/2"x16'

190 jts 2-3/8"

5812' 5-1/2"1665' 8-5/8"#4

215-3/4" Electric motor

2 16'x25' fiberglass water

tanks

Cabot 1602-1/2"x1-1/2"x16

182 jts 2-7/8"

5804" 5-1/2"1616' 8-5/8"#9

N/A N/A 2 16'x25' fiberglass water

tanks

N/AN/A5600' 2-3/8"6399' 5-1/2"1605' 8-5/8"#10

Lot #37 RI



County & StateCleburne, AR

Acres6.7745 NMA

Net Income$646.51

(4 mo)

$161.63/moSeller Comments: This royalty interest includes production from the Hooten 01-18, 02-18, 03-18, 04-18 and 05-

18H17. This is Fayetteville Shale production that has been active since 2012. February 2019 gas production for these wells was 30,874 MCF. February 2018 production from the same 5 wells was 33,662 MCF. This lot represents approximately 6.7745 NMA in 18-10n-8w Cleburne Co AR.

Hooten 02-18H, 03-18H, 04-18H, 05-18H17 net income is combined with Hooten 01-18H income.

Monthly Income:1/31/2019 - $140.362/28/2019 - $240.513/25/2019 - $157.274/25/2019 - $108.37

Decimal InterestGas RI .00161018Oil & Condensate RI .00070848

Lease NameHooten 01-18H, 02-18H, 03-18H, 04-18H, 05-18H17


Lot #38 RI

OperatorEOG Resources Inc


County & StateAtascosa, TX

Net Income$228.66

(3 mo)

$76.22/moSeller Comments: Buyer will have the option to double this lot.

Production Breakdown:94.59% - Oil2.17% - Gas3.23% - NGL

Cash flow reflects the sale of 3.75% of the assets shown on the check statements.

Monthly Income:Jan 2019 - $79.45Feb 2019 - $71.53Mar 2019 - $77.68

Decimal interest breakdown:Javelina Unit #1H - 0.00736917 x 3.75% = 0.000276343875 0.00736916 x 3.75% = 0.0002763435Diamondback Unit #1H - 0.00251599 x 3.75% = 0.00251599Javelina Unit #2H, #3H, #4H, #5H - 0.00736916 x 3.75% = 0.000276343

Decimal InterestSee comments

Lease NameDiamondback, Javelina


Lot #38.1 RI



County & StateAtascosa, TX

Net Income$228.66

(3 mo)

$76.22/mo




Decimal interest breakdown:Javelina Unit #1H - 0.00736917 x 3.75% = 0.000276343875 0.00736916 x 3.75% = 0.0002763435Diamondback Unit #1H - 0.00251599 x 3.75% = 0.00251599Javelina Unit #2H, #3H, #4H, #5H - 0.00736916 x 3.75% = 0.000276343

Seller Comments:


Lease NameDiamondback, Javelina


Lot #39 RI

OperatorETX Energy LLC


County & StateBrazos/Grimes, TX

Net Income$216.35

(5 mo)

$43.27/mo


Cash Flow Represents 100.00% of Check Statements

Oct 2018 - $54.94Nov 2018 - $39.64Dec 2018 - $42.90Jan 2019 - $41.73Feb 2019 - $37.15

Metzer et al 1H - 0.00056140McDuffie 1H - 0.00043512Scamarado Grimes - 0.00075458

Seller Comments:


Lease NameMcDuffie, Metzer, Scamarado Grimes


Lot #40 RI

OperatorSquare Mile Energy LLC

Legal DescriptionSee Seller Comments.

County & StateColorado, TX

Acres10

Net Income$230.48

(4 mo)

$57.62/mo

10.00 acres of land, more or less, situated in the J. B. Fenn Survey, Abstract 216, Colorado County, Texas.

Production Breakdown:33.10% - Oil42.91% - Gas23.995 - NGL


Monthly Income:Oct 2018 - $129.18 x 50% = $64.59Nov 2018 - $112.17 x 50% = $56.09Dec 2018 - $112.71 x 50% = $56.36Jan 2019 - $107.16 x 50% = $53.58

Decimal Interest Breakdown:0.0004484100 x 50.00% = 0.000224205

Seller Comments:


Lease NameHopkins 1



Hays, Kansas (785) 628-6395

www.eliwireline.com

Lot #39 RI

OperatorETX Energy LLC


County & StateBrazos/Grimes, TX

Net Income$216.35

(5 mo)

$43.27/mo



Oct 2018 - $54.94Nov 2018 - $39.64Dec 2018 - $42.90Jan 2019 - $41.73Feb 2019 - $37.15

Metzer et al 1H - 0.00056140McDuffie 1H - 0.00043512Scamarado Grimes - 0.00075458

Seller Comments:


Lease NameMcDuffie, Metzer, Scamarado Grimes


Lot #40 RI

OperatorSquare Mile Energy LLC

Legal DescriptionSee Seller Comments.

County & StateColorado, TX

Acres10

Net Income$230.48

(4 mo)

$57.62/mo

10.00 acres of land, more or less, situated in the J. B. Fenn Survey, Abstract 216, Colorado County, Texas.

Production Breakdown:33.10% - Oil42.91% - Gas23.995 - NGL


Monthly Income:Oct 2018 - $129.18 x 50% = $64.59Nov 2018 - $112.17 x 50% = $56.09Dec 2018 - $112.71 x 50% = $56.36Jan 2019 - $107.16 x 50% = $53.58

Decimal Interest Breakdown:0.0004484100 x 50.00% = 0.000224205

Seller Comments:


Lease NameHopkins 1



Lot #41 RI



County & StateDimmit, TX

Net Income$107.91

(3 mo)

$35.97/mo




Seller Comments:

Decimal Interest0.00052477, 0.00055701

Lease NameBriscoe Ranch Unit C Dim H


Lot #42 RI

OperatorSB EF Maverick LLC



Net Income$92.01

(3 mo)

$30.67/mo




Decimal interest breakdown:Unit A 1H through 7H - 0.00002976Unit B 1H through 6H - 0.00004366

Seller Comments:


Lease NameBriscoe Springman


Lot #41 RI




Net Income$107.91

(3 mo)

$35.97/mo




Seller Comments:


Lease NameBriscoe Ranch Unit C Dim H


Lot #42 RI

OperatorSB EF Maverick LLC



Net Income$92.01

(3 mo)

$30.67/mo




Decimal interest breakdown:Unit A 1H through 7H - 0.00002976Unit B 1H through 6H - 0.00004366

Seller Comments:


Lease NameBriscoe Springman



Lot #43 RI

OperatorBreitman Operating LP


County & StateGregg, TX

Net Income$483.92

(4 mo)




Monthly Income:Nov 2018 - $13.55Dec 2018 - $135.16Jan 2019 - $161.70Feb 2019 - $173.50

Decimal interest breakdown:Moncrief Mattie - 0.01736120 x 10% = 0.00173612Lawson Mary - 0.00060100 x 10% = 0.0000601


Lease NameLawson Mary, Moncrief Mattie


Lot #43.1 RI




Net Income$483.92

(4 mo)

$120.98/mo





Seller Comments:




Office: (913) 837 - 4100 Fax: 1(913) 837 - 2241


Lot #43 RI




Net Income$483.92

(4 mo)









Lot #43.1 RI




Net Income$483.92

(4 mo)

$120.98/mo





Seller Comments:





Lot #44 RI

OperatorOccidental Petroleum


County & StateIrion, TX

Net Income$223.50

(5 mo)

$44.70/mo



Monthly Income:Nov 2018 - $19.47Dec 2018 - $57.70Jan 2019 - $32.92Feb 2019 - $55.70Mar 2019 - $57.73

Decimal interest breakdown:Crawford, Leta - 0.0015620Shaw, Verda - 0.0031250

Seller Comments:


Lease NameCrawford Leta D, Shaw Verda


Lot #45 RI



County & StateMcMullin, TX

Net Income$232.26

(3 mo)

$77.42/mo




Decimal interest breakdown:Dobby A #1H - 0.00000738Dobby B #2H - 0.00000825Naylor Jones Unit H - 0.00013879, 0.00008461, 0.00002007

Seller Comments:


Lease NameDobby A H, Dobby B H, Naylor Jones Unit H



Lot #46 RI

OperatorMerit Energy Co


County & StateStarr, TX

Net Income$258.51

(3 mo)

$86.17/mo




Decimal interest breakdown:Bent Bros St - 0.00048830 x 50% = 0.00024415Bent Bros B - 0.00032553 x 50% = 0.000162765Bentsen Bros St - 0.00048830 x 50% = 0.00024415La Copita Gas Unit - 0.00016280 x 50% = 0.0000814, 0.0001085 x 50% = 0.00005425

Seller Comments:


Lease NameBent Bros B, Bentsen Bros State, La Copita Gas Unit


Lot #47 RI



County & StateWise, TX

Net Income$538.39

(3 mo)




Monthly Income:Dec 2018 - $246.04Jan 2019 - $176.99Feb 2019 - $115.36

Decimal interest breakdown:0.00481154 x 20.00% = 0.0009623080.00200493 x 20.00% = 0.0004009860.00014411 x 20.00% = 0.0000288220.00016409 x 20.00% = 0.0000328180.00016806 x 20.00% = 0.00003361


Lease NameWilson, Jack 1,2,3,4,5H,6H,7H



Lot #46 RI



County & StateStarr, TX

Net Income$258.51

(3 mo)

$86.17/mo




Decimal interest breakdown:Bent Bros St - 0.00048830 x 50% = 0.00024415Bent Bros B - 0.00032553 x 50% = 0.000162765Bentsen Bros St - 0.00048830 x 50% = 0.00024415La Copita Gas Unit - 0.00016280 x 50% = 0.0000814, 0.0001085 x 50% = 0.00005425

Seller Comments:


Lease NameBent Bros B, Bentsen Bros State, La Copita Gas Unit


Lot #47 RI




Net Income$538.39

(3 mo)









Lot #47.1 RI




Net Income$538.39

(3 mo)

$179.46/mo





Seller Comments:




Lot #48 ORRI

OperatorFrostwood Energy LLC


County & StateVictoria, TX

Net Income$1,020.69

(6 mo)


Cash Flow Represents 10.00% of Check StatementsMonthly Income:Nov 2018 - $192.12 (check total $1,921.20)Dec 2018 - $174.48 (check total $1,744.80)Jan 2019 - $192.12 (check total $1,921.23)Feb 2019 - $174.67 (check total $1,746.68)Mar 2019 - $148.12 (check total $1,481.15)Apr 2019 - $139.17 (check total $1,391.73)


Decimal interest breakdown:Henderson Schovajsa #1H - 0.00320000 x 10.00% = 0.000320000Buhler-Schovajsa #1H - 0.00133974 x 10.00% = 0.000133974Henderson-Schovajsa B 2H - 0.00347835 x 10.00% = 0.000347835Henderson-Schovajsa C #3H - 0.00395922 x 10.00% = 0.000395922


Lease NameBuhler-Schovasja, Henders



Lot #47.1 RI




Net Income$538.39

(3 mo)

$179.46/mo





Seller Comments:




Lot #48 ORRI




Net Income$1,020.69

(6 mo)








Lot #48.1 ORRI




Net Income$1,020.69

(6 mo)

$170.12/mo




Seller Comments:






Legal DescriptionSec 35-34S-15W

County & StateBarber, KS

Acres640

GWI100%

NRI81.25%

The Barber county assets (Davis Ranch 3-35, Davis Ranch D, Davis Ranch F, Davis Ranch G, Davis Ranch H and Davis Ranch I) will be sold no reserve and as one unit. It is 2240 acres of leasehold.

May gas sales from the Davis package was 1,297 MCF. No oil is being produced at this time.

Seller Comments:

Lease NameDavis Ranch 3-35


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction508,090 mcf3/25/1996 1 0shut-in010/11/1995Mississippian3-35

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

C-66 12x10 FG water tank

Sentry 114 w/44" hole

153 jts. 2-3/8"

3-35


Legal DescriptionW/2 Sec 26-34S-15W


Acres320

GWI100%

NRI76.5625%

Lease NameDavis Ranch D


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction


mcf8/6/1964 shut-in 0shut-in07/27/1964MississippianD 1

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

Fairbanks 346

12x10 200 bblParkersburg 48-CH709D 10.0 WB5

D 1



Legal DescriptionW/2 Sec 25-34S-15W


Acres320

GWI100%

NRI75.5625%

Lease NameDavis Ranch F


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction


mcf8/13/1964 1 02007/15/1964MississippianF 1

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

78 jts. 3/4" Arrow C66 12x10 tankLufkin 80DEst 2"x1-1/4"x12'

RWB DV...

152 jts. 2-3/8"

F 1




Acres320

GWI100%

NRI76.5625%

Lease NameDavis Ranch G


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction


mcf8/17/1964 0 01108/8/1964MississippianG 1

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

190 jts. 3/4" Fairbanks 503

FG 80 bbl water tank

Alten 160? Rating 20800

2"x1.5"x12' RWB

DV

152 jts. 2-3/8"

G 1





Acres320

GWI100%

NRI75%

Lease NameDavis Ranch H


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction


mcf1/2/1965 shut-in 0shut-in012/17/1964MississippianH 1-4

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

202 jts. 3/4" C-66 FB 80 bbl water tank

OCS Parkersburg

800

163 jts. 2-3/8"

H 1-4


Legal DescriptionN/2 Sec 2-35S-15W


Acres320

GWI100%

NRI75%

Lease NameDavis Ranch I


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction


mcf11/28/1965 shut-in 0shut-in011/15/1965MississippianI 1-2

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

112 jts. 5/8" -- 82 jts. 3/4"

Fairbanks 346

12x10 steel tank -- 12x10 FB water

tank

National 80D155 jts. 2-3/8"

I 1-2

Lot #50 Minerals


County & StateGove, KSAcres160 NMA

Seller owns 50% interest in 320 gross mineral acres.Seller Comments:

Gove MineralsLease Name






Acres160

GWI100%

NRI82.5%

Rothe #2-18 is on the same lease; is the disposal well for the #1-18 (1-SW Tank (200 bbl)).

Sentry 228 Pumping Unit (and electric motor) is not part of sale - but can be purchased separately from operator.

Seller Comments:

Lease NameRothe 1-18 and 2-18

Gross BOPD1.5

Gross BWPD148


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

8/2005 1481.58/20051-18

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

63-7/8"; 101-3/4"

40hp electric motor

2 – WSST (200bbl);1 – GB (210 bbl);1 – SWT (200 bbl)

Sentry 2282″2 7/8″ @ 4100′

5 1/2″ 15 1/2 lb/ft @ 4335′

8 5/8″ 23lb/ft @

211′

1-18

Lot #51.1 ORRI




Acres160

Net Income$745.20

(12 mo)

$62.10/mo


Lease NameRothe 1-18

Gross BOPD1.5




County & StateThomas, KSAcres40 NMA

This acreage is 3-1/2 miles south and 2 west of Elk Energy's Lipplemann lease (Lot #12).Seller Comments:

Thomas County MineralsLease Name

Lot #53 Mineral RI

OperatorHerman Loeb LLC


County & StateHaskell, KS

Acres80 NMA

Selling 1/2 interest in the 160 net mineral acres (= 80 net mineral acres).

2012 - 8,317 MCF2013 - 8,797 MCF2014 - 7,944 MCF2015 - 7,235 MCF2016 - 7,080 MCF2017 - 6,491 MCF2018 - 6,418 MCF2019 - 1,483 MCF - Through 3/2019

Seller Comments:

Decimal Interest.015625 = 80/640 x .125 royalty

Lease NameMcClure Unit






Acres160

GWI100%

NRI82.5%

Rothe #2-18 is on the same lease; is the disposal well for the #1-18 (1-SW Tank (200 bbl)).

Sentry 228 Pumping Unit (and electric motor) is not part of sale - but can be purchased separately from operator.

Seller Comments:

Lease NameRothe 1-18 and 2-18

Gross BOPD1.5

Gross BWPD148


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

8/2005 1481.58/20051-18

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

63-7/8"; 101-3/4"

40hp electric motor

2 – WSST (200bbl);1 – GB (210 bbl);1 – SWT (200 bbl)

Sentry 2282″2 7/8″ @ 4100′

5 1/2″ 15 1/2 lb/ft @ 4335′

8 5/8″ 23lb/ft @

211′

1-18

Lot #51.1 ORRI




Acres160

Net Income$745.20

(12 mo)

$62.10/mo


Lease NameRothe 1-18

Gross BOPD1.5




County & StateThomas, KSAcres40 NMA

This acreage is 3-1/2 miles south and 2 west of Elk Energy's Lipplemann lease (Lot #12).Seller Comments:

Thomas County MineralsLease Name

Lot #53 Mineral RI

OperatorHerman Loeb LLC



Acres80 NMA

Selling 1/2 interest in the 160 net mineral acres (= 80 net mineral acres).

2012 - 8,317 MCF2013 - 8,797 MCF2014 - 7,944 MCF2015 - 7,235 MCF2016 - 7,080 MCF2017 - 6,491 MCF2018 - 6,418 MCF2019 - 1,483 MCF - Through 3/2019

Seller Comments:

Decimal Interest.015625 = 80/640 x .125 royalty

Lease NameMcClure Unit



Hays, Kansas (785) 628-6395

www.eliwireline.com

Lot #54 Mineral RI




Acres26.667 NMA

Selling 1/6 interest in the 160 acres (= 26.667 net mineral acres).

2012 - 27,094 MCF2013 - 26,046 MCF2014 - 25,566 MCF2015 - 23,398 MCF2016 - 20,919 MCF2017 - 22,078 MCF2018 - 21,306 MCF2019 - 5,218 MCF – Through 3/2019

Seller Comments:

Decimal Interest.0052080 = 26.667/640 x .125 royalty

Lease NameChatfield





Acres160

GWI92.96875%

NRI80.882812%

Also selling with this lease is a .05 override (included with sale).Seller Comments:

Lease NameFisher

Gross BOPD0

Gross BWPD4


Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

509,3585/26/1981 4 016010/24/1980Cherokee#115-047-20731

Surface Casing


PumpingUnit Engine

TankBattery

SeparatorTreator

Well # (cont'd)

16"x5' Mid-

States …

177 3/4" C-46 10x12 200 bbls Fiberglass tank

TS-12 Happy12x1.5153 joints 2-3/8"

4634 ft 4-1/2"560 ft 8-5/8"#115-047-20731


Lot #56 ORRI

OperatorIndigo Production Co


County & StateSabine, LA

Acres40.798 + 160 acres

Net Income$5,862.99

(6 mo)

$977.17/mo

Seller Comments: Buyer will have the option to double this lot.5 wells - API: 17-085-22498, 17-085-22494, 17-085-22497, 17-085-22495, 17-085-22244.

Decimal interest: Seller owns a .00063308 decimal interest and is selling in two lots (0.00031654 per lot).

Indigo is the major player in Haynesville having rigs drilling non-stop. These wells average over 12,000' - 20,000' of downhole/plus HZ drilling.


Lease NameWhitney, RMD

Gross MCFD1,100,308 mcf

Lot #56.1 ORRI

OperatorIndigo Production Co


County & StateSabine, LA

Acres40.798 + 160 acres

Net Income$5,862.99

(6 mo)

$977.17/mo

5 wells - API: 17-085-22498, 17-085-22494, 17-085-22497, 17-085-22495, 17-085-22244.

Decimal interest: Seller owns a .00063308 decimal interest and is selling in two lots (0.00031654 per lot).

Indigo is the major player in Haynesville having rigs drilling non-stop. These wells average over 12,000' - 20,000' of downhole/plus HZ drilling.

Seller Comments:


Lease NameWhitney, RMD

Gross MCFD36,676 mcf




County & StatePawnee, OKAcres2.8571 NMA


Pawnee County MineralsLease Name



County & StateTulsa, OKAcres3.5414 NMA


Tulsa County MineralsLease Name


Legal DescriptionSee comments.

County & StateJefferson, OKAcres3.9284 NMA (see comments)

Open Minerals:Sec 21-07S-06W - 1.6071 acresSec 28-07S-06W - 1.6071 acresSec 35-07S-07W - 0.7142 acres

Seller Comments:

Jefferson County MineralsLease Name


Lot #60 Open Unleased Minerals

Legal DescriptionNE and N/2 SE and N/2 NW and SW NW and S/2 SW and NW SW of Sec 16-16S-30W

County & StateLane, KSAcres110 NMA

Open and unleased. Undivided 110 Net Mineral Acres which is 22.91667% of 480 acres.Seller Comments:

Lane County MineralsLease Name


Buyers Agreement to Purchase Properties In consideration of the mutual promises contained herein and other valuable consideration, thereceipt and sufficiency of which are hereby acknowledged, Buyer and Mid-Continent Energy Exchange,LLC agree as follows: Buyer agrees that any information provided by Mid-Continent Energy Exchange, LLC is basedupon representations made by the seller of oil and gas properties and that Mid-Continent EnergyExchange, LLC cannot guarantee the completeness, timeliness or accuracy of the information providedby the Seller. No information provided by Mid-Continent Energy Exchange, LLC or contained on itswebsite or any other communication constitutes investment advice. Any decisions based upon theinformation provided by Mid-Continent Energy Exchange, LLC shall be considered with this in mind andthe Buyer has the sole responsibility to do its own due diligence.

PURCHASE OF PROPERTIES: At auction, by sealed bid, or by other purchase or designated salemethod, a Seller may offer properties for sale with or without a minimum reserve sales price. Buyer canmake bids or offers on the property for sale. The Buyer with the highest bid or offer at the ending time andwhose bid or offer meets the minimum sales price (if any) or the Buyer whose bid or offer is accepted bySeller, will be obligated to purchase the property for that price. Buyer agrees to participate as a bidder inthe sale process for the sale of oil and gas properties and any negotiations following the sale process.BUYERS REPRESENTATIONS, AGREEMENTS, WARRANTIES AND ASSURANCES: Buyer agreesthat properties for sale through Mid-Continent Energy Exchange, LLC are not intended or considered tobe securities under the Securities Act of 1933, the Securities Exchange Act of 1934 and all applicablestate securities laws. Buyer hereby acknowledges and agrees that any sale of oil and gas royaltiesthrough Mid-Continent Energy Exchange, LLC is the process of putting a willing Seller in contact with awilling Buyer to facilitate the purchase of oil and gas properties. Buyer represents that he is asophisticated, accredited and qualified investor. Buyer represents, by executing this agreement, that aBuyer is (a) primarily engaged in the business of exploring for or producing oil or gas or other minerals asan ongoing business; (b) by reason of this knowledge or experience, the Buyer will evaluate the merits and risks of the properties to be purchased through Mid-Continent Energy Exchange, LLC and will forman opinion based upon Buyer’s knowledge and experience and not upon any statement, representation orprinted material provided by Mid-Continent Energy Exchange, LLC or its representative; (c) the Buyer isof legal age, has sufficient financial resources in order to bear the risk of loss attached to the purchase ofany property that Buyer bids upon; (d) Buyer has an annual income of $200,000.00 for any natural personin each of the two most recent years or joint income with the persons spouse of not less than $300,000.00in each of those years and has a reasonable expectation of reaching the same income level in the currentyear or Buyer has a net worth or a joint net worth with that persons spouse, at the time of his purchaseexceeding $1,000,000.00 or Buyer is a business entity with total assets in excess of $5,000,000.00, asshown by the business’s most recent prepared financial statements and has sufficient knowledge andexperience in business and financial matters to evaluate the merits and risks of the acquisition of oil andgas property. Buyer has a continuing duty to notify Mid-Continent Energy Exchange, LLC if Buyersubsequently fails to qualify as a sophisticated, qualified and accredited investor. Buyer agrees toindemnify and hold Mid-Continent Energy Exchange, LLC harmless from any and all violations ofapplicable securities laws that result from any misrepresentation of the Buyer being a sophisticated,qualified and accredited investor.

For latest lot information visit mceeauction.com

Bid Online at MCEEOnline.com

BUYER’S DUE DILEGENCE AND INDEPENDENT EVALUATION: Buyer hereby acknowledges andagrees that it has the sole responsibility to examine all information concerning ownership and productionof the properties placed for sale through Mid-Continent Energy Exchange, LLC. Further, Buyeracknowledges and agrees that if it requires additional information concerning said properties, Buyer mustcontact Mid-Continent Energy Exchange, LLC or the Seller to obtain requested information prior to thebeginning date of the sale process. If Buyer makes a bid or offer on any property after making a requestfor additional information, Buyer waives the performance of that request. Buyer further agrees that it willmake an independent evaluation of the property and acknowledges that the Seller and Mid-ContinentEnergy Exchange, LLC have made no statements or representations concerning the present or futurevalue or the future income, costs or profits, if any, to be derived from the property. Buyer acknowledges inthat making a bid or offer in the sale process that Buyer has relied solely on its independent examinationof the premises and public records and that Buyer’s bids and offers are based solely on Buyer’sindependent inspections, estimates, computations, evaluations, reports, studies and knowledge of theproperties. Any and all information provided by Seller or Mid-Continent Energy Exchange, LLC in theproperty information sheet or data packages, as well as any other information provided by Seller or MidContinentEnergy Exchange, LLC, are furnished to Buyer at Buyer’s sole risk. Seller and Mid-ContinentEnergy Exchange, LLC do not warrant or represent as to the accuracy or completeness of the datapresented to the Buyer, and the Buyer agrees to indemnify and hold Mid-Continent Energy Exchange,LLC and Seller harmless from any reliance by Buyer on data provided by the Seller and/or Mid-ContinentEnergy Exchange, LLC.CONTRACT COMPLIANCE: Buyer hereby agrees to comply with all applicable joint operatingagreements, unitization agreements, communication agreements and other agreements that pertain tothe ownership of the subject properties. Buyer is fully responsible to obtain waivers of uniformmaintenance under joint operating agreements, if needed, and agrees to indemnify and hold MidContinentEnergy Exchange, LLC, and Seller harmless, if the same are not obtained by Buyer, or waivedby a third party.LESSER INTEREST: If Buyer discovers that the properties conveyed by Seller are of lesser interest thanwhat is represented on the property information sheet and associated data, or any modifications orchanges thereto, Buyer shall send notification to Seller within 60 days from the date of sale whichdescribes the difference in interest accompanied by adequate proof of said lesser interest. Buyer agreesthat within 30 days following the receipt of the notification, Seller will at Seller’s option and by writtennotice to Buyer, (a) refund a pro-rata share of the purchase price based on the amount of the interest losscompared to the total price paid for the full represented interest; or (b) Cure the defect that is attributableto the lesser interest; or (c) rescind the sale and Buyer shall reassign the same back to Seller free from any and all encumbrances of Buyer and Seller will refund the amount paid by Buyer upon execution anddelivery of the assignment from Buyer to Seller.Mid-Continent Energy Exchange, LLC shall be entitled to retain commission paid or payable by Seller andin all events, the Buyer’s sole remedy is against Seller.GAS IMBALANCES: Buyer acknowledges and agrees that properties on which it may bid or make offersmay be subject to gas imbalances pursuant to gas balancing agreements between working interestparties or in the absence of agreements between the working interest parties and the unit. All propertiesshall be sold without warranty on an “as is, where is” basis. No adjustment in the purchase price shall bemade as a result of an inaccuracy in the estimated gas imbalance amount disclosed by Seller. Seller shallprovide information it believes accurate to the status of gas imbalances for the offered properties, butneither Seller nor Mid-Continent Energy Exchange, LLC makes any representations or warranties as tothe accuracy of said information.



ENVIRONMENTAL LIABILITIES: Buyer hereby acknowledges and agrees that after the date of thisassignment it is responsible for any and all losses attributable to any and all environmental events orimpacts, including without limitation, damage to property, injury or death of persons or things, naturalresource damage, environmental remediation and restoration, costs, fines, or penalties arising out of orattributable to the ownership, condition or operation of the properties purchased by Buyer.ROYALTY, OVERRIDING ROYALTY, WORKING INTEREST, CONTRACTUAL LIABILITIES ANDOPERATION LIABILITIES: Buyer agrees and acknowledges that any and all liabilities relating toobligations to pay royalties, contractual obligations under oil and gas leases, joint operating agreementsand liabilities associated with the ownership, condition and operation of the subject properties become theBuyers liability from the effective date of assignment. Seller shall be liable for its period of ownership priorto the effective date of assignment of the property.NO WARRANTIES (EXPRESS OR IMPLIED): Buyer acknowledges and agrees that it is acquiring theproperties, wells, equipment and other property located thereon from Seller without warranty whatsoever,express, statutory or implied as to the description, title, condition, quality, fitness for purpose,merchantability, or otherwise. Buyer acknowledges and agrees that neither the Seller nor Mid-ContinentEnergy Exchange, LLC, makes any representation or warranty whatsoever as to the physical condition ofthe property nor any statements or representation concerning the present or future value of theanticipated income, cost, or profits, if any, to be derived from the property. Buyer acknowledges andagrees that all property is sold on an “as is, where is” basis.TITLE: Buyer hereby acknowledges and agrees that it has the sole responsibility to examine allinformation concerning title to the property and to conduct its own independent evaluation to ascertain titleto the properties and satisfy itself that the title is marketable, defensible or acceptable. Buyeracknowledges and agrees that it will indemnify and hold Seller and Mid-Continent Energy Exchange, LLCharmless as to the accuracy of any documents of title to the properties. Buyer further acknowledges andagrees that neither Seller nor Mid-Continent Energy Exchange, LLC warrants title, either express orimplied, and that all title to property is on an “as is” basis.CLOSING: Buyer acknowledges and agrees that upon notification from Mid-Continent Energy Exchange,LLC, at Buyer’s successful bid or offer on Seller’s property, Buyer shall tender the total amount of fundsrequired to purchase the property to the designated escrow bank as determined by Mid-Continent EnergyExchange, LLC by either wire transfer, next day delivery or overnight mail, by certified check orpreapproved check from Mid-Continent Energy Exchange, LLC, or hand courier delivery service to thedesignated closing office, all within 48 hours of notification. Buyer agrees that all funds will be held inescrow until Seller provides all executed documents of conveyance to Buyer.BUYERS DEFAULT: Buyer acknowledges and agrees that if it defaults for any reason, Mid-ContinentEnergy Exchange, LLC and Seller shall have all remedies available to them by Kansas law, includingspecific performance declaring the sale void and reselling the property, seeking damages from Buyer,including all costs and reasonable attorneys’ fees resulting from Buyers breach.LAW GOVERNING AGREEMENT: Buyer acknowledges and agrees that this agreement shall begoverned and interpreted in accordance with the laws of the state of Kansas and that proper venue forany disputes arising out of this agreement shall be Sedgwick County, Kansas.NOTICES: Buyer acknowledges and agrees that any notice provided or permitted to be given under thisagreement shall be in writing and mailed to the Buyer at the address appearing above, or to MidContinentEnergy Exchange, LLC at the address appearing above.



Selected lots in this auction are being sold subject to seller confirmation. If you have any questions

regarding this, please call our office.

Mid-Continent Energy Auction | mceeauction.com | 316-217-8820

7776_MCEE_July2019CatalogCover.indd 2 7/16/19 10:43 AM

mid-continent energy exchangeinfo.mceeauction.com.s3.amazonaws.com/jul 2019/mcee jul 2019...

Documents