Oil & Gas Asset Auctions - Amazon Web Servicesinfo.mceeauction.com.s3.amazonaws.com/May/MCEE May...

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Auction Begins @ 1:14pm Lunch Served @ 12:00pm The Wichita Boathouse 515 S. Wichita Street Wichita, KS 67202 Selected lots in this auction are being sold subject to seller confirmation. If you have any questions regarding this please call our office. May 21, 2019 Oil & Gas Asset Auctions Much more information available at dataroom.mceeauction.com Exhilarating Auction Number 14

Transcript of Oil & Gas Asset Auctions - Amazon Web Servicesinfo.mceeauction.com.s3.amazonaws.com/May/MCEE May...

Page 1: Oil & Gas Asset Auctions - Amazon Web Servicesinfo.mceeauction.com.s3.amazonaws.com/May/MCEE May 2019 Sal… · Elite Oil & Gas Explorer Since 1969- 316-799-1000 Superior Service

Auction Begins @ 1:14pmLunch Served @ 12:00pmThe Wichita Boathouse

515 S. Wichita StreetWichita, KS 67202

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

call our office.

May 21, 2019

O i l & G a s A s s e t A u c t i o n s

Much more information available atdataroom.mceeauction.com

Exhilarating Auction Number 14

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Wichita Eagle ads featuring this auction

BIGGER / BETTER AUCTIONS ... THE MCEE PROMISE!30 ORRI's, 20 producing royalities, 11 operated leases, 12 partial working interests and 30 sellers,

25 lots of scoop and stack leasehold and 9 lots of minerals including scoop and stack

JOIN US FOR OUR 14TH OIL AND GAS AUCTION ON MAY 21ST 2019.BID LIVE AND ONLINE ON MAY 21ST 2019

Registration and lunch buffetat 12:00 noon

Call for more info:Sarah Kate Krehbiel, COO 405-479-4562Charlus Bishop 316-772-3613

Mid-ContinentEnergy Exchange

Auction starts at 1:14 pmWichita Boathouse, 515 South Wichita Street

Freida, “Clear My Schedule -I’m going to the oil and gas auction!”

Join us for our 14th oil and gas auction on May 21, 2019.Bid live and online on 2019

Registration and lunch buffetat 12:00 noon

visit www.mceeauction.com or call:Sarah Krehbiel, COO 405-479-4562Charlus Bishop 316-772-3613

Mid-ContinentEnergy Exchange

Auction starts at 1:14 pmWichita Boathouse, 515 South Wichita Street

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

Superior 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

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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.

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Proud members and supporters of theKansas Independent Oil & Gas Association

www.kioga.org

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Amplify Energy Operating, LLCAnadarko E&P Company LP

Antero ResourcesAztec Oil Co. Division

Beren CorporationBlack Stone PetroleumBreitburn Operating, LP

C&R OilCarmen Schmitt, Inc.Castle Resources, Inc.

Chisholm Oil and Gas Operating, LLCCitizen Energy II

Covey Park Operating, LLCCSODA Operating Company, LLC dba H&L Operating Company, LLC

Curt’s Oil Operations, LLCDaMar Resources IncDixon Operating CorpEagle Exploration, LLC

Eagle Oil and Gas CompanyELK Energy Holdings LLCEnervest Operating, LLC

EOG Resources, Inc.Everest Operating LLC

Garo Investment CompanyGHR Energy Corp.

Hilcorp Energy Company, Inc.Hinkle Oil & Gas Inc

Lady Bug Oil CompanyMike Kelso Oil, Inc

Murfin Drilling Company, Inc.Neilco

P&R Oilfield ServicesPalomino Petroleum

Paradise Creek Oil & Gas CompanyPaul Bowman Oil Trust

Petroleum Property Services, Inc.Pickrell Drilling Company, Inc.

Ramsey Nichols Operating Co LLCRed Oak Energy, Inc.

Red Rocks, Orca OperatingRitchie Exploration Inc.

Sabine Oil & Gas CorporationScout Energy Management LLC

StrataKan Exploration, LLCTapstone Energy, LLC

Tengasco, Inc.Texxol Operating Company, Inc.

Thomas Garner Inc.Trans Pacific Oil Corp

Trivium Operating, LLCTwenty/Twenty Oil & Gas Inc

Unit PetroleumUnrein Oil Co

Urban Oil & Gas Group LLCVess Oil CorporationViking Resources Inc

Western Oil and Gas DevelopmentXTO Energy Inc.

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

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Lot Lease Name Interest Type OperatorCounty/State

MID-CONTINENT ENERGY EXCHANGEOil and Gas Asset Auctions

Table of Contents for May 21, 2019 Auction

1 Lundell RI GHR Energy Corp, Hilcorp Energy Co IncWebb TX

1.1 Lundell RI GHR Energy Corp, Hilcorp Energy Co IncWebb TX

1.2 Lundell RI GHR Energy Corp, Hilcorp Energy Co IncWebb TX1.3 Lundell RI GHR Energy Corp, Hilcorp Energy Co IncWebb TX

2 Forrest Lindsay Unit RI Scout Energy Mgmt LLCWise TX

3 Scoop and Stack Sec 1 1N 4W

Leasehold Stephens OK

4 Scoop and Stack Sec 10 7N 3W

Leasehold McClain OK

5 Scoop and Stack Sec 11 18N 16W

Leasehold Dewey OK

6 Scoop and Stack Sec 12 1S 2W

Leasehold Carter OK

7 Scoop and Stack Sec 12 5N 3W

Leasehold McClain OK

8 Laton-Gamble ORRI Carmen Schmitt IncRooks KS

9 STSI & Siebenlist ORRI Red Oak EnergyScott, Ness KS10 Buena Vista & Dixon Trust ORRI Trans Pacific Oil Corp, Palomino

PetroleumNess KS

11 Bartley ORRI Sabine Oil & Gas CorpHarrison TX

11.1 Bartley ORRI Sabine Oil & Gas CorpHarrison TX

12 Lippelmann ORRI ELK Energy Holdings LLCThomas KS

12.1 Lippelmann ORRI ELK Energy Holdings LLCThomas KS12.2 Lippelmann ORRI ELK Energy Holdings LLCThomas KS

13 Scoop and Stack Sec 13 6N 3W

Leasehold McClain OK

14 Scoop and Stack Sec 13 7N 3W

Leasehold McClain OK

15 Scoop and Stack Sec 14 5N 7W

Leasehold Grady OK

16 Scoop and Stack Sec 16 1N 2W

Leasehold Garvin OK

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Lot Lease Name Interest Type OperatorCounty/State

MID-CONTINENT ENERGY EXCHANGEOil and Gas Asset Auctions

Table of Contents for May 21, 2019 Auction

17 Scoop and Stack Sec 16 5N 7W

Leasehold Grady OK

18 Oxsheer RI Amplify Energy Operating LLCPanola TX

19 Risch RI Texxol Operating Co IncJack TX20 Perth Operated Lease Mike Kelso Oil Inc. Sumner KS

21 Dazey PWI Viking Resources IncGove KS

22 Shinn ORRI & PWI Petroleum Property Services IncSumner KS

23 Wheatland Unit (King) & Wheatland Unit (Draybec)

ORRI Marathon Oil CoCleveland OK

24 Rose 1 ORRI Black Stone PetroleumRush KS

25 Rose 1 RI Black Stone PetroleumRush KS

26 Scoop and Stack Sec 3 1N 6W

Leasehold Stephens OK

27 Scoop and Stack Sec 30 2S 2W

Leasehold Carter OK

28 Scoop and Stack Sec 31 2N 1W

Leasehold Garvin OK

29 Scoop and Stack Sec 33 19N 18W

Leasehold Dewey OK

30 Scoop and Stack Sec 35 3N 6W

Leasehold Grady OK

31 Koochel Mountain ORRI Black Stone PetroleumRush KS

32 Moore ORRI Black Stone PetroleumRush KS

33 McIntyre ORRI Black Stone PetroleumRush KS34 Diamond and Dingus RI Antero ResourcesNoble OH

34.1 Diamond and Dingus RI Antero ResourcesNoble OH

35 Goodman K ORRI Eagle Oil and Gas CoCanadian OK

36 Lot Removed

37 Lot Removed

38 Lot Removed

39 Lot Removed

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Lot Lease Name Operator

MID-CONTINENT ENERGY EXCHANGEOil and Gas Asset Auctions

Table of Contents for May 21, 2019 Auction

40 Lot Removed Interest Type County/State

41 Lot Removed

42 D'Asto ORRI Sabine Oil & Gas CorpHarrison TX43 Gaskill Range Bertrand

UnitPWI StrataKan Exploration LLCLogan KS

44 Stanton Kansas Open Minerals

Open Minerals Stanton KS

45 Luerman Weeks Operated Lease Curt's Oil Operations LLCBarton KS

46 Lawson Mary Moncrief Mattie

RI Breitman Operating LPGregg TX

47 Beal Wood RI Trivium Operating LLCGregg, Rusk TX48 Scoop and Stack Sec 2 1N

2WLeasehold Garvin OK

49 Scoop and Stack Sec 20 2N 1W

Leasehold Garvin OK

50 Scoop and Stack Sec 21 7N 3W

Leasehold McClain OK

51 Scoop and Stack Sec 25 7N 3W

Leasehold McClain OK

52 Scoop and Stack Sec 3 1N 3W

Leasehold Garvin OK

52.1 Hrabe Westhusin Operated Lease Garo Investment CoRooks KS53 Egger ORRI Unrein Oil CoEllis KS

54 Davis ORRI Aztec Oil Co DivisionButler KS

55 Cleveland Arkansas Minerals

Open Minerals Cleveland AR

56 Monroe Arkansas Minerals Open Minerals Monroe AR57 Marple & Thorsell Operated Lease P&R Oilfield SvcsWilson KS

58 Scoop and Stack Sec 36 6N 3W

Leasehold McClain OK

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Lot Lease Name Interest Type OperatorCounty/State

MID-CONTINENT ENERGY EXCHANGEOil and Gas Asset Auctions

Table of Contents for May 21, 2019 Auction

59 Scoop and Stack Sec 4 1N 3W

Leasehold Garvin OK

60 Scoop and Stack Sec 6 1N 1W

Leasehold Garvin OK

61 Scoop and Stack Sec 7 1N 1W

Leasehold Garvin OK

62 Scoop and Stack Sec 8 5N 7W

Leasehold Grady OK

63 R H Mayer & Mantooth RI XTO Energy IncTexas, Garvin OK

64 Carey RI Scout Energy Mgmt LLCHaskell KS

65 Mace Package RI Merit Energy Ltd, Oxy USA IncHaskell KS

66 Goad PWI Western Oil and Gas DevelopmentGrady, Canadian OK67 Scoop and Stack Sec 31

2N 1WOpen Minerals Garvin OK

68 Clark, Cooper, Ludwick, Mollhagen, Ross, Sieker

PWI Castle Resources IncVarious KS

68.1 Clark, Ludwick ORRI Castle Resources IncRice, Sheridan KS

69 Harrison RI Unit PetroleumTexas OK

70 Rikella ORRI Citizen Energy IICanadian OK71 Keller “P” ORRI Paul Bowman Oil TrustRooks KS

72 Dehner A ORRI Pickrell Drilling Co IncRush KS

73 Scoop and Stack Sec 18 2N 5W

Leased Minerals Stephens OK

74 Bornemann/CCGV ORRI Hinkle Oil & Gas IncCanadian OK75 Poston Warner RI Tapstone Energy LLCHarper KS

76 Boswell, Jobyna, Leon, Rowen, Sides

PWI Red Rocks, Orca OperatingRoger Mills, Harper OK

76.1 Speier Operated Lease Paradise Creek Oil & Gas CoEllis KS

77 Herl Operated Lease Curt's Oil Operations LLCEllis KS78 Choate 0504 10-HW PWI Eagle Exploration LLCMcClain OK

79 Seibert Operated Lease Murfin Drilling Co IncStafford KS

80 Ellis Kansas Minerals Leased Minerals Ellis KS

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Lot Lease Name Interest Type OperatorCounty/State

MID-CONTINENT ENERGY EXCHANGEOil and Gas Asset Auctions

Table of Contents for May 21, 2019 Auction

81 K&K 2-31 PWI Urban Oil & Gas Group LLCRawlins KS

82 K&K 2-31 ORRI Urban Oil & Gas Group LLCRawlins KS

83 Curry 1-32 PWI Urban Oil & Gas Group LLCRawlins KS84 Forsyth Unit RI Dixon Operating CorpBarber KS

84.1 Forsyth Unit RI Dixon Operating CorpBarber KS

85 Blank ORRI C&R OilRooks KS

86 LOT #86 REMOVED

87 Blythe, Fincham, Lambert, Miller, Patterson, Schmidt-Connors, Winnie Hill

Operated Lease CSODA Operating Co LLC dba H&L Operating Co LLC

Seward, Haskell KS

88 Calumet-Wilson ORRI

89 Mary 1 ORRI Thomas Garner IncStafford KS

89.1 Mary 1 ORRI Thomas Garner IncStafford KS

90 Caswell Unit RI Enervest Operating LLC, EOG Resources Inc

Montague TX

91 Betz ORRI DaMar Resources IncNess KS

92 George Russell ORRI Everest Operating LLCCanadian OK

93 Holland ORRI Twenty/Twenty Oil & Gas IncGrady OK

94 Mickie Anne ORRI Chisholm Oil and Gas Operating LLCCanadian OK95 Davis, Jennison, Magie,

Petersilie, RichardsPWI Vess Oil CorporationLane, Ness KS

96 Brungardt A & B ORRI Beren CorporationGraham KS

97 Williams Operated Lease Tengasco IncStafford KS

98 Miller Operated Lease Tengasco IncStafford KS99 Allen Dorothy Unit RI Covey Park EnergyRobertson TX

100 J Henry PWI Ramsey Nichols Operating Co LLCCanadian OK

101 Deniston P ORRI Ritchie Exploration IncPratt KS

102 Scoop and Stack Sec 29 2S 4W

Open Minerals Stephens OK

103 Salvaggio-Eaton ORRI Anadarko E&P Company LPBrazos TX104 Guy Oaks RI NeilcoClaiborne LA

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Lot Lease Name Interest Type OperatorCounty/State

MID-CONTINENT ENERGY EXCHANGEOil and Gas Asset Auctions

Table of Contents for May 21, 2019 Auction

105 Lonker 1G ORRI Dixon Operating CorpBarber KS

106 Gove Minerals Minerals Gove KS

107 Reno County Minerals Minerals Reno KS108 Arrow C-106 Engine Equipment Ellis KS

109 Griffith 3 ORRI F G Holl Co LLCBarber KS

110 Davis X-15 ORRI F G Holl Co LLCBarber KS

111 Lawrenz 10 ORRI F G Holl Co LLCBarber KS112 Doran PWI White Hawk Oil Co LLPStafford KS

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Lot #1 RI

Lease NameLundell

OperatorGHR Energy Corp, Hilcorp Energy Co Inc

Legal DescriptionSee additional document

County & StateWebb, TX

Decimal InterestVarious; see additional document

Net Income$81.55$16.31/mo

Buyer will have the option to buy 4 lots. We are selling 4 identical interests from 4 siblings.6 producing wells on the 9800 and Lobo Cons formations.

Seller Comments:

(5 mo)

Lot #1.1 RI

Lease NameLundell

OperatorGHR Energy Corp, Hilcorp Energy Co Inc

Legal DescriptionSee additional document

County & StateWebb, TX

Decimal InterestVarious; see additional document

Net Income$81.55$16.31/mo

6 producing wells on the 9800 and Lobo Cons formations.Seller Comments:

(5 mo)

Lot #1.2 RI

Lease NameLundell

OperatorGHR Energy Corp, Hilcorp Energy Co Inc

Legal DescriptionSee additional document

County & StateWebb, TX

Decimal InterestVarious; see additional document

Net Income$81.55$16.31/mo

6 producing wells on the 9800 and Lobo Cons formations.Seller Comments:

(5 mo)

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

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Lot #1.3 RI

Lease NameLundell

OperatorGHR Energy Corp, Hilcorp Energy Co Inc

Legal DescriptionSee additional document

County & StateWebb, TX

Decimal InterestVarious; see additional document

Net Income$81.55$16.31/mo

6 producing wells on the 9800 and Lobo Cons formations.Seller Comments:

(5 mo)

Lot #2 RI

Lease NameForrest Lindsay Unit

OperatorScout Energy Mgmt LLC

Legal DescriptionHenderson CSL, Abstract 257

County & StateWise, TX

Decimal InterestVarious; see additional documents

Net Income$163.50$27.25/mo

7 producing wells from Barnett Shale.Seller Comments:

(6 mo)

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

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Lot #3 Leasehold

Lease NameScoop and Stack Sec 1 1N 4W

Legal DescriptionSec 1 1N 4W

County & StateStephens, OK

Acres12.5 Net Leasehold Acres

NRI0.8

There are several scoop and stack leasehold acreages spread out through out the catalog. Each interest is accompanied by a map showing location and proximity to current production. All the leasehold will be sold by the acre - you are bidding on “LEASEHOLD” ….the expiration of said leasehold accompanies each lot as does the NET REVENUE. There should be 5 groups of 5 lots each throughout the catalog. Leasehold expires 1/1/2021. NFX - has 10 Hz wells in 34 & 352N-4W.

Seller Comments:

Acres12.5 Net Leasehold Acres

Lot #4 Leasehold

Lease NameScoop and Stack Sec 10 7N 3W

Legal DescriptionSec 10 7N 3W

County & StateMcClain, OK

Acres1 Net Leasehold Acre

NRI0.8

Leasehold expires 11/1/2021Seller Comments:

Acres1 Net Leasehold Acre

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

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Lot #5 Leasehold

Lease NameScoop and Stack Sec 11 18N 16W

Legal DescriptionSec 11 18N 16W

County & StateDewey, OK

Acres12.5 Net Leasehold Acres

NRI0.8

Leasehold expires 3/1/2021Seller Comments:

Acres12.5 Net Leasehold Acres

Lot #6 Leasehold

Lease NameScoop and Stack Sec 12 1S 2W

Legal DescriptionSec 12 1S 2W

County & StateCarter, OK

Acres5 Net Leasehold Acres

NRI0.8

Leasehold expires 8/30/2021Seller Comments:

Acres5 Net Leasehold Acres

Lot #7 Leasehold

Lease NameScoop and Stack Sec 12 5N 3W

Legal DescriptionSec 12 5N 3W

County & StateMcClain, OK

Acres22.5 Net Leasehold Acres

NRI0.8

Leasehold expires 12/1/2020Seller Comments:

Acres22.5 Net Leasehold Acres

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

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Lot #8 ORRI

Lease NameGamble

OperatorCarmen Schmitt Inc

Legal DescriptionW/2 SW and NW Sec 3 9S 16W

County & StateRooks, KS

Net Income$539.24$44.94/mo

(12 mo)

Lot #9 ORRI

Lease NameSiebenlist

OperatorRed Oak Energy

Legal DescriptionSE/4, Less & Except the SE/4 NE/4 SE/4 Sec. 30 17S 23W

County & StateNess, KS

Decimal Interest0.0034375

Acres140

Net Income$338.50$28.21/mo

(12 mo)

Lease NameSTSI Unit #1-30

OperatorRed Oak Energy

Legal DescriptionN/2 Sec 30 17S 33W

County & StateScott, KS

Decimal Interest0.0075

Acres320

Net Income$432.08$36.01/mo

(12 mo)

Total Lot Net Monthly Income: $64.22

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

Decimal Interest 0.0273437

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Lot #10 ORRI

Lease NameBuena Vista

OperatorTrans Pacific Oil Corp, Palomino Petroleum

Legal DescriptionNW Sec 17 19S 24W

County & StateNess, KS

Decimal Interest0.01822292

Acres160

Net Income$704.10$58.68/mo

(12 mo)

Lease NameDixon Trust

OperatorTrans Pacific Oil Corp, Palomino Petroleum

Legal DescriptionNE/4 Less and Except 520′ of the SW/4 NE/4 Sec. 20 17S 25W

County & StateNess, KS

Decimal Interest0.0182292

Acres145

Net Income$341.07$28.42/mo

(12 mo)

Total Lot Net Monthly Income: $87.10

Lot #11 ORRI

Lease NameBartley

OperatorSabine Oil & Gas Corp

County & StateHarrison, TX

Decimal Interest0.00127285

Acres698.9516

Net Income$2,651.76

$220.98/moThe winning bidder of lot 11 will be offered an identical interest with lot 11.1. This lot was split to accommodate requests for a smaller lot.

Seller Comments:

(12 mo)

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

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Lot #11.1 ORRI

Lease NameBartley

OperatorSabine Oil & Gas Corp

County & StateHarrison, TX

Decimal Interest0.00127285

Acres698.9516

Net Income$2,651.76$220.98/mo

(12 mo)

Lot #12 ORRI

Lease NameLippelmann

OperatorELK Energy Holdings LLC

Legal DescriptionNW SE SE NW Sec. 14-T10S-R33W

County & StateThomas, KS

Decimal Interest0.003333

Net Income$6,726.20

$560.52/moThe winning bidder of lot 12 will be offered 2 additional and identical interests in this lease. We are selling a total ORRI of 1% in the Lippleman lease. The Lippleman sold 10,766 bbl of oil in April 2018 or $601,000 worth of oil. There is 1,600 bbl of storage on the lease and the lease is currently making approximately 400 bopd. The ORRI owner of this 1% interest received a check for $6,000 this month. We are selling 3 - 1/3% interests in this lease today … no depth restrictions, no well bore restrictions. The income shown in the brochure is before wells 4 and 5 started producing.

Seller Comments:

(12 mo)

Lot #12.1 ORRI

Lease NameLippelmann

OperatorELK Energy Holdings LLC

Legal DescriptionNW SE SE NW Sec. 14-T10S-R33W

County & StateThomas, KS

Decimal Interest0.003333

Net Income$6,726.20$560.52/mo

(12 mo)

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

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Lot #12.2 ORRI

Lease NameLippelmann

OperatorELK Energy Holdings LLC

Legal DescriptionNW SE SE NW Sec. 14-T10S-R33W

County & StateThomas, KS

Decimal Interest0.003333

Net Income$6,726.20$560.52/mo

(12 mo)

Lot #13 Leasehold

Lease NameScoop and Stack Sec 13 6N 3W

Legal DescriptionSec 13 6N 3W

County & StateMcClain, OK

Acres3.32857 Net Leasehold Acres

NRI0.78

Leasehold expires 5/1/2021Seller Comments:

Acres3.32857 Net Leasehold Acres

Lot #14 Leasehold

Lease NameScoop and Stack Sec 13 7N 3W

Legal DescriptionSec 13 7N 3W

County & StateMcClain, OK

Acres5 Net Leasehold Acres

NRI0.8

Leasehold expires 12/1/2020Seller Comments:

Acres5 Net Leasehold Acres

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

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Lot #15 Leasehold

Lease NameScoop and Stack Sec 14 5N 7W

Legal DescriptionSec 14 5N 7W

County & StateGrady, OK

Acres2.5 Net Leasehold Acres

NRI0.8

Leasehold expires 6/1/2021Seller Comments:

Acres2.5 Net Leasehold Acres

Lot #16 Leasehold

Lease NameScoop and Stack Sec 16 1N 2W

Legal DescriptionSec 16 1N 2W

County & StateGarvin, OK

Acres4.5 Net Leasehold Acres

NRI0.8

Leasehold expires 12/1/2021Seller Comments:

Acres4.5 Net Leasehold Acres

Lot #17 Leasehold

Lease NameScoop and Stack Sec 16 5N 7W

Legal DescriptionSec 16 5N 7W

County & StateGrady, OK

Acres6 Net Leasehold Acres

NRI0.8

Leasehold expires 5/1/2021Seller Comments:

Acres6 Net Leasehold Acres

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

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Lot #18 RI

Lease NameOxsheer

OperatorAmplify Energy Operating LLC

Legal DescriptionSee additional document

County & StatePanola, TX

Decimal InterestVarious, see additional document

Net Income$353.79$117.93/mo

9 producing wells out of the Wiener and Cotton Valley formations.Seller Comments:

(3 mo)

Lot #19 RI

Lease NameRisch

OperatorTexxol Operating Co Inc

Legal DescriptionHenderson CSL, Abstract 257

County & StateJack, TX

Decimal InterestVarious; see additional documents

Net Income$244.26$40.71/mo

5 producing wellsSeller Comments:

(6 mo)

Lot #20 Operated Lease

Lease NamePerth 3302 2-1H

OperatorMike Kelso Oil Inc.

Legal DescriptionSec 1-33S-2W

County & StateSumner, KS

Acres648.64 Gross

Gross OpEx$26,591.22

Net Income$22,533.06$2,253.31/mo

GWI0.9

NRI0.720201 (80% Lease)

(10 mo)Gross Income$49,124.28

(10 mo)

$2,659.12/mo$4,912.42/mo

(10 mo)

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production5/6/2014 12,07302.53302 2-1H (Oil)

6/9/2014 02.53302 2-1H (SWD)

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

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

[email protected]@dbdoil.com

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

Lot #21 PWI

Lease NameDazey

OperatorViking Resources Inc

Legal DescriptionSE Sec 35 14S 27W

County & StateGove, KS

Acres160

Gross OpEx$1,466.74

Net Income$1,430.97$204.42/mo

GWI12.5%

NRI10.6875%

(7 mo)Gross Income$2,897.71

(7 mo)

$209.53/mo$413.96/mo

(7 mo)

Lot #22 ORRI & PWI

Lease NameShinn 1-7

OperatorPetroleum Property Services Inc

Legal DescriptionS/2 SE Sec 7 30S 02W

County & StateSumner, KS

Decimal Interest.006836

Acres80

Gross OpEx$275.79

Net Income$298.83$49.81/mo

GWI0.01

NRI0.0082031

(6 mo)Gross Income$574.62

(6 mo)

Selling ORRI and PWI together.Seller Comments:$45.97/mo$95.77/mo

(6 mo)

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

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Lot #23 ORRI

Lease NameWheatland Unit (Draybec)

OperatorMarathon Oil Co

Legal DescriptionNE SW Sec 32 11N 4W

County & StateOklahoma, OK

Decimal Interest.0020699

Net Income$1,824.39$152.03/mo

(12 mo)

Lease NameWheatland Unit (King)

OperatorMarathon Oil Co

Legal DescriptionSE SW Sec 32 11N 4W

County & StateCleveland, OK

Decimal Interest0.002406990

Net Income$20.08$1.67/mo

Seller Comments: Buyer is getting 2 ORRIs with this lot.

(12 mo)

Total Lot Net Monthly Income: $153.70

Lot #24 ORRI

Lease NameRose 1

OperatorBlack Stone Petroleum

Legal DescriptionN/2 Sec 34 18S 16W

County & StateRush, KS

Decimal Interest0.0325

Acres320

Net Income$924.48$102.72/mo

Rose is part of the same secondary recovery program as the McIntyre, as it has 2 EOR wells and 1 producer.

Seller Comments:

(9 mo)

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

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Lot #25 RI

Lease NameRose 1

OperatorBlack Stone Petroleum

Legal DescriptionN/2 Sec 34 18S 16W

County & StateRush, KS

Decimal Interest0.02083333

Acres60 Net out of 320 Gross

Net Income$609.93$67.77/mo

Rose is part of the same secondary recovery program as the McIntyre, as it has 2 EOR wells and 1 producer.

Seller Comments:

(9 mo)

Lot #26 Leasehold

Lease NameScoop and Stack Sec 3 1N 6W

Legal DescriptionSec 3 1N 6W

County & StateStephens, OK

Acres5 Net Leasehold Acres

NRI0.78

Leasehold expires 7/1/2021Seller Comments:

Acres5 Net Leasehold Acres

Lot #27 Leasehold

Lease NameScoop and Stack Sec 30 2S 2W

Legal DescriptionSec 30 2S 2W

County & StateCarter, OK

Acres5 Net Leasehold Acres

NRI0.8

Leasehold expires 8/30/2021Seller Comments:

Acres5 Net Leasehold Acres

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

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Lot #28 Leasehold

Lease NameScoop and Stack Sec 31 2N 1W

Legal DescriptionSec 31 2N 1W

County & StateGarvin, OK

Acres5.25 Net Leashold Acres

NRI0.8

Leasehold expires 3/1/2022Seller Comments:

Acres5.25 Net Leashold Acres

Lot #29 Leasehold

Lease NameScoop and Stack Sec 33 19N 18W

Legal DescriptionSec 33 19N 18 W

County & StateDewey, OK

Acres7 Net Leasehold Acres

NRI0.8

Each section to be auctioned individually. Leasehold expires 4/1/2021.Seller Comments:

Acres7 Net Leasehold Acres

Lot #30 Leasehold

Lease NameScoop and Stack Sec 35 3N 6W

Legal DescriptionSec 35 3N 6W

County & StateGrady, OK

Acres20 Net Leasehold Acres

NRI0.8

Leasehold expires 3/16/2021Seller Comments:

Acres20 Net Leasehold Acres

See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.For Seismic Exploration 620-277-7771

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Lot #31 ORRI

Lease NameKoochel Mountain

OperatorBlack Stone Petroleum

Legal DescriptionSW Sec 23 18S 16W

County & StateRush, KS

Decimal Interest0.06

Acres80

Net Income$10,254.69$1,025.47/mo

7 unopened gas reserves identified by geological data and DSTs, 3 oil reserves unopened identified by geological data, DSTs, open hole log data, and formation cuttings identified by onsite geologist.

Seller Comments:

(10 mo)

Lot #32 ORRI

Lease NameMoore

OperatorBlack Stone Petroleum

Legal DescriptionNW Sec 25 1S 16W

County & StateRush, KS

Decimal Interest0.06

Acres160

Net Income$1,028.71$93.51/mo

(11 mo)

Lot #33 ORRI

Lease NameMcIntyre (MCANTYRE)

OperatorBlack Stone Petroleum

Legal DescriptionSE Sec 27 18S 16W

County & StateRush, KS

Decimal Interest0.035

Acres160

Gross OpEx$0.00

Net Income$3,727.00$286.69/mo

(13 mo)Gross Income$3,727.00

(13 mo)

2 additional locations seismically located that are superior or equal to the McIntyre #3 that has produced 30,000+ bbls. Also shallow gas opportunities identified by open hole logging. Wells are part of a successful, ongoing secondary recovery program. All wells put on pump with virgin reservoir pressure and due to secondary recovery, they have maintained pressures which have been verified by fluid levels.

The Otis-Albert Field is famous for its helium production and there is helium being extracted and sold to IACX on a monthly basis from nearby wells.

Seller Comments:$286.69/mo

(13 mo)

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

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Lot #34 RI

Lease NameDiamond 1H

OperatorAntero Resources

Legal DescriptionSec 15, 16, 21, 22, 23, 28, and 29 08N 07W

County & StateNoble, OH

Decimal Interest0.001595965

Lease NameDingus 1H, 2H, 3H

OperatorAntero Resources

County & StateNoble, OH

Decimal Interest0.000254965

Net Income$32,085.31$2,005.33/mo

Buyer will have option to double this lotThis asset is located in one of the most prolific townships in the southern core of the Utica Shale with EUR’s in excess of 25 Bcfe per well.The Dingus wells, 1H,2H,3H are newly drilled wells. The production started in January and the wells have been consistently strong just like the Diamond Unit has. The three original producing Horizontal Utica Shale wells have very strong and flat production.The three new wells recently drilled show promise of being very good and steady producers as well.Revenue stream comprised of a strong combination of Natural Gas, Condensate and Natural Gas Liquids.UPSIDE POTENTIAL:

-Tighter spacing currently being tested by Operator which could significantly increase the wellcount.-Marcellus Shale and other potential Horizontal targets.

Seller Comments:

(16 mo)

Total Lot Net Monthly Income: $2,005.33

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

ELI Wireline Services, LLC1327 Noose Road

Hays, Kansas (785) 628-6395

www.eliwireline.com

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Lot #34.1 RI

Lease NameDiamond 1H

OperatorAntero Resources

Legal DescriptionSec 15, 16, 21, 22, 23, 28, and 29 08N 07W

County & StateNoble, OH

Decimal Interest0.001595965

Lease NameDingus 1H, 2H, 3H

OperatorAntero Resources

County & StateNoble, OH

Decimal Interest0.000254965

Net Income$32,085.31$2,005.33/mo

This asset is located in one of the most prolific townships in the southern core of the Utica Shale with EUR’s in excess of 25 Bcfe per well.The Dingus wells, 1H,2H,3H are newly drilled wells. The production started in January and the wells have been consistently strong just like the Diamond Unit has. The three original producing Horizontal Utica Shale wells have very strong and flat production.The three new wells recently drilled show promise of being very good and steady producers as well.Revenue stream comprised of a strong combination of Natural Gas, Condensate and Natural Gas Liquids.UPSIDE POTENTIAL:

-Tighter spacing currently being tested by Operator which could significantly increase the wellcount.-Marcellus Shale and other potential Horizontal targets.

Seller Comments:

(16 mo)

Total Lot Net Monthly Income: $2,005.33

Lot #35 ORRI

Lease NameKen Goodman #1-26

OperatorEagle Oil and Gas Co

Legal DescriptionS/2 SE Sec 26 13N 05W

County & StateCanadian, OK

Decimal Interest0.02

Gross OpEx$0.00

Net Income$43.47$3.62/mo

(12 mo)Gross Income$43.47

(12 mo)

$3.62/mo

(12 mo)

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

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Lot #36 Operated Lease

Lease NameNiclas

OperatorLady Bug Oil Co

Legal DescriptionW/2 NW Sec 21 27N 01E

County & StateKay, OK

Acres80

GWI100%

NRI83.0125%

Since this is an estate, sales have to be confirmed by the District Court of Kay County, Oklahoma in the estate proceedings.

Water is trucked to SWD operated by Tyler Jefferies (friendly contract). Mr Jefferies has indicated he is willing to work with the new owners for a fair disposal agreement.

Seller Comments:

Lot #37 Operated Lease

Lease NameSELE #1-33

OperatorLady Bug Oil Co

Legal DescriptionW/2 NW Sec 33 27N 01E

County & StateKay, OK

Acres80

Gross OpEx$0.00

Net Income$39,405.66$2,189.20/mo

GWI100%

NRI87.5%

(18 mo)Gross Income$39,405.66

(18 mo)

Since this is an estate, sales have to be confirmed by the District Court of Kay County, Oklahoma in the estate proceedings.

Water is trucked off. Produces one truckload per month.

Wells 2 and 4 are the producing wells. Wells 1 and 3 are small “nurse” wells as shown in the drone footage that were started with 5HP Briggs and Stratton type gasoline engines to pump the water off the lease so the larger pump jacks would produce enough gas to operate the engines on them.

Seller Comments:$2,189.20/mo

(18 mo)

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

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

Lot Removed

Lot Removed

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Lot #38 Operated Lease

Lease NameNorth Lease

OperatorLady Bug Oil Co

Legal DescriptionSec 19 27M 01E

County & StateKay, OK

Acres160

GWI100%

NRI* See note

* Lease is expired - Seller believes landowner will ratify leaseSeller Comments:

Lot #39 Operated Lease

Lease NameGoodrich

OperatorLady Bug Oil Co

Legal DescriptionSec 20 27N 01E

County & StateKay, OK

Acres160

GWI100%

NRIMinerals are selling at this sale

Since this is an estate, sales have to be confirmed by the District Court of Kay County, Oklahoma in the estate proceedings.

Water goes to SWD operated by Tyler Jefferies (friendly contract).

Lease has expired but the minerals under SW Sec 20 27N 1E are selling at this auction. The buyer of this lease will also be able to buy the minerals at the auction and potentially have 100% GWI and 100% NRI.

Seller Comments:

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

Lot Removed

Lot Removed

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Lot #40 Open Minerals

Lease NameKay OK Southwest Open Minerals

Legal DescriptionSW Sec 20 27N 1E

County & StateKay, OK

Acres160 Net Mineral Acres

Goodrich wells sit on this acreage but the lease has expired.

Since this is an estate, sales have to be confirmed by the District Court of Kay County, Oklahoma in the estate proceedings.

Seller Comments:

Lot #41 Open Minerals

Lease NameKay OK South Southeast Open Minerals

Legal DescriptionW/2 SE Sec 20 27N 1E

County & StateKay, OK

Acres73.15 Net Mineral Acres

Open minerals ready to lease or drill.

Since this is an estate, sales have to be confirmed by the District Court of Kay County, Oklahoma in the estate proceedings.

Seller Comments:

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

ELI Wireline Services, LLC1327 Noose Road

Hays, Kansas (785) 628-6395

www.eliwireline.com

Lot Removed

Lot Removed

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Lot #42 ORRI

Lease NameD'Asto

OperatorSabine Oil & Gas Corp

Legal DescriptionDavid Earle Survey, A-235

County & StateHarrison, TX

Decimal Interest0.00218329

Acres263.773

Net Income$2,517.84$209.82/mo

(12 mo)

Lot #43 PWI

Lease NameGaskill Range Bertrand Unit

OperatorStrataKan Exploration LLC

Legal DescriptionSW SE Sec 5 12S 33W

County & StateLogan, KS

Gross OpEx$1,381.35

Net Income$1,139.46$94.96/mo

GWI0.0225

NRI0.01845

(12 mo)Gross Income$2,520.81

(12 mo)

Workover and acid treatments on September and October JIBs. See documents.Seller Comments:$115.11/mo$210.07/mo

(12 mo)

Lot #44 Open Minerals

Lease NameStanton Kansas Minerals

Legal DescriptionS/2 Sec 5 30S 40WN/2 Sec 8 30S 40W

County & StateStanton, KS

Acres640 Gross

Open minerals available for leaseSeller Comments:

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

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Lot #45 Operated Lease

Lease NameLuerman Weeks

OperatorCurt's Oil Operations LLC

Legal DescriptionN/2 SW Sec 18 16S 13W

County & StateBarton, KS

Acres80

GWI100%

NRI80%

Currently making $400 per month in SWD income. SWD on 5 year MIT, next MIT due 3/6/2021.Seller Comments:NA

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production06/19836

12/1983Arbuckle8

04/1981Arbuckle4

Lot #46 RI

Lease NameLawson Mary Moncrief Mattie

OperatorBreitman Operating LP

Legal DescriptionW H Castleberry Survey, Abstract 38; P McAnelly Survey, Abstract 257

County & StateGregg, TX

Decimal Interest0.025

Gross OpEx$0.00

Net Income$158.13$52.71/mo

(3 mo)Gross Income$158.13

(3 mo)

92 producing wells in the Austin Chalk, Cotton Valley Sand, and Woodbine formations.Seller Comments:$52.71/mo

(3 mo)

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

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Lot #47 RI

Lease NameBeall Wood

OperatorTrivium Operating LLC

Legal DescriptionWood: AB 236 F Castro Sur TR 17 Sec 2 Timber Use 30.10 acresBeall: See additional documents

County & StateGregg, Rusk, TX

Decimal InterestWood 0.00373947Beall 0.00016330

Gross OpEx$0.00

Net Income$258.42$43.07/mo

(6 mo)Gross Income$258.42

(6 mo)

9 producing wells in the Cotton Valley formation.Seller Comments:$43.07/mo

(6 mo)

Lot #48 Leasehold

Lease NameScoop and Stack Sec 2 1N 2W

Legal DescriptionSec 2 1N 2W

County & StateGarvin, OK

Acres6.1749 Net Leasehold Acres

NRI0.8

Leasehold expires 9/1/2021Seller Comments:

Acres6.1749 Net Leasehold Acres

Lot #49 Leasehold

Lease NameScoop and Stack Sec 20 2N 1W

Legal DescriptionSec 20 2N 1W

County & StateGarvin, OK

Acres15 Net Leasehold Acres

NRI0.78

Leasehold expires 12/1/2021Seller Comments:

Acres15 Net Leasehold Acres

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

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Lot #50 Leasehold

Lease NameScoop and Stack Sec 21 7N 3W

Legal DescriptionSec 21 7N 3W

County & StateMcClain, OK

Acres2 Net Leasehold Acres

NRI0.78

Leasehold expires 9/1/2021Seller Comments:

Acres2 Net Leasehold Acres

Lot #51 Leasehold

Lease NameScoop and Stack Sec 25 7N 3W

Legal DescriptionSec 25 7N 3W

County & StateMcClain, OK

Acres3 Net Leasehold Acres

NRI0.8

Leasehold expires 5/1/2021Seller Comments:

Acres3 Net Leasehold Acres

Lot #52 Leasehold

Lease NameScoop and Stack Sec 3 1N 3W

Legal DescriptionSec 3 1N 3W

County & StateGarvin, OK

Acres7.5 Net Leasehold Acres

NRI0.78

Leasehold expires 2/1/2021Seller Comments:

Acres7.5 Net Leasehold Acres

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

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Lot #52.1 Operated Lease

Lease NameHrabe D2, D1, Westhusin 1 (w/injection well)

OperatorGaro Investment Co

Legal DescriptionHrabe: Sec 12 09S 17WWesthusin: Sec 11 09S 17W

County & StateRooks, KS

Acres160 +/-

GWI100%

NRI82%

New tank battery with heater ($6,000)

New pumpjack on the Hrabe D1 would increase lease production by 3-4 per day.

There is another drillsite on the Westhusin lease.

Pumper Chemical Electrical

Total Expenses $500 $376 $1,000 =$1876 a month

Seller Comments:

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production11/18/1967 72,407.53LansingHrabe D1, D2

7/7/1984 109,639.12Kansas City GrpWesthusin 1

Lot #53 ORRI

Lease NameEgger

OperatorUnrein Oil Co

Legal DescriptionSW Sec 6 13S 20W

County & StateEllis, KS

Decimal Interest0.05468750

Acres160 MOL

Gross OpEx$0.00

Net Income$3,718.05$309.83/mo

(12 mo)Gross Income$3,718.05

(12 mo)

$309.83/mo

(12 mo)

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

For Seismic Exploration 620-277-7771

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Lot #54 ORRI

Lease NameDavis

OperatorAztec Oil Co Division

Legal DescriptionNW Sec 6 25S 5E

County & StateButler, KS

Decimal Interest0.01367180

Gross OpEx$0.00

Net Income$519.95$43.33/mo

(12 mo)Gross Income$519.95

(12 mo)

$43.33/mo

(12 mo)

Lot #55 Open Minerals

Lease NameCleveland Arkansas Minerals

Legal DescriptionSec 20 10S 11E

County & StateCleveland, AR

Acres14

Open minerals available for lease.Seller Comments:

Lot #56 Open Minerals

Lease NameMonroe Arkansas Minerals

Legal DescriptionSec 20 4S 2E

County & StateMonroe, AR

Acres7

Open minerals available for lease.Seller Comments:

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

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Lot #57 Operated Lease

Lease NameMarple

OperatorP&R Oilfield Svcs

Legal DescriptionSE Sec 24 27S 16E

County & StateWilson, KS

Acres80

GWI100%

NRI81.25%

Marple produces from Squirrel formation. Long string cemented in nor perfed or completed. Drilled new well cement 2 7/8″ casing not perfed. Lease has never been completed.

Thorsell is good drilling project. Needs water flood. Averages 1/3BBL per day. .83 BBL averaged over 33 years.

Lease only ran for 8mo due to getting pullers on site.

Seller Comments:

Lease NameThorsell

OperatorP&R Oilfield Svcs

Legal DescriptionSW SW NW SW Sec 19 27S 17E

County & StateWilson, KS

Acres160

Gross OpEx$1,270.00

Net Income$6,230.00$519.17/mo

GWI100%

NRI87.5

(12 mo)Gross Income$7,500.00

(12 mo)

Marple produces from Squirrel formation. Long string cemented in nor perfed or completed. Drilled new well cement 2 7/8″ casing not perfed. Lease has never been completed.

Seller Comments:$105.83/mo$625.00/mo

(12 mo)

Lot #58 Leasehold

Lease NameScoop and Stack Sec 36 6N 3W

Legal DescriptionSec 36 6N 3W

County & StateMcClain, OK

Acres12.5 Net Leasehold Acres

NRI0.8

Leasehold expires 12/1/2020Seller Comments:

Acres12.5 Net Leasehold Acres

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

For tax savings call 785-623-0473

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Lot #59 Leasehold

Lease NameScoop and Stack Sec 4 1N 3W

Legal DescriptionSec 4 1N 3W

County & StateGarvin, OK

Acres8.1478 Net Leasehold Acres

NRI0.8

Leasehold expires 8/1/2021Seller Comments:

Acres8.1478 Net Leasehold Acres

Lot #60 Leasehold

Lease NameScoop and Stack Sec 6 1N 1W

Legal DescriptionSec 6 1N 1W

County & StateGarvin, OK

Acres10 Net Leasehold Acres

NRI0.8

Leasehold expires 12/1/2021Seller Comments:

Acres10 Net Leasehold Acres

Lot #61 Leasehold

Lease NameScoop and Stack Sec 7 1N 1W

Legal DescriptionSec 7 1N 1W

County & StateGarvin, OK

Acres15 Net Leasehold Acres

NRI0.8

Leasehold expires 12/1/2021Seller Comments:

Acres15 Net Leasehold Acres

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

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Lot #62 Leasehold

Lease NameScoop and Stack Sec 8 5N 7W

Legal DescriptionSec 8 5N 7W

County & StateGrady, OK

Acres2.5 Net Leasehold Acres

NRI0.8

Leasehold expires 6/1/2021Seller Comments:

Acres2.5 Net Leasehold Acres

Lot #63 RI

Lease NameMantooth

OperatorXTO Energy Inc

County & StateGarvin, OK

Decimal Interest0.001805354

Acres160

Gross OpEx$0.00

Net Income$41.16$3.43/mo

(12 mo)Gross Income$41.16

(12 mo) (12 mo)

Lease NameR H Mayer

OperatorXTO Energy Inc

Legal DescriptionSE Sec 33 5N 17E

County & StateTexas, OK

Decimal Interest0.001805354

Acres160

Gross OpEx$0.00

Net Income$56.17$4.68/mo

(12 mo)Gross Income$56.17

(12 mo) (12 mo)

Total Lot Net Monthly Income: $8.11

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

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

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Lot #64 RI

Lease NameCarey 2 & 4

OperatorScout Energy Mgmt LLC

Legal DescriptionSE/4 Sec 11 28S 34W

County & StateHaskell, KS

Decimal Interest0.01562500

Gross OpEx$0.00

Net Income$391.20$130.40/mo

(3 mo)Gross Income$391.20

(3 mo)

2 producing wells in the Chase group.Seller Comments:

(3 mo)

Lot #65 RI

Lease NameMace Package

OperatorMerit Energy Ltd, Oxy USA Inc

Legal DescriptionSec 9 28S 34W

County & StateHaskell, KS

Decimal InterestVarious; see documents

Net Income$479.46$159.82/mo

6 producing wells in the Chase group and Council Grove group. Mace 1 Lease #202674, Mace A 2 Lease #207657, Mace A 3 Lease #215815, Mace H W 1 Lease #146947, Mace H W 1 Lease #234686.

Seller Comments:

(3 mo)

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

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

Lot #66 PWI

Lease NameGoad 1-21

OperatorWestern Oil and Gas Development

Legal DescriptionSW Sec 21 10N 05W

County & StateGrady, OK

NRI0.022500

Goad 1-21 is on the border of Grady and Canadian counties, therefore the production is split between the two counties.Gross MCF Prod 11447.00 = 1,912.83 Bbls. Gross Income – $859.25 Prod Tax – $61.84 Expense fee – $582.71 Dist. Fee – $8.80 Net = $205.90

Seller Comments:

Lease NameGoad 1-21

OperatorWestern Oil and Gas Development

Legal DescriptionSW Sec 21 10N 05W

County & StateCanadian, OK

NRI0.022500

Total Lot Net Monthly Income: $29.41

Lot #67 Open Minerals

Lease NameScoop and Stack Sec 31 2N 1W

Legal DescriptionSec 31 2N 1W

County & StateGarvin, OK

Acres13 Net Mineral Acres

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

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Lot #68 PWI

Lease NameClark

OperatorCastle Resources Inc

Legal DescriptionSec 32 08S 28W

County & StateSheridan, KS

Gross OpEx$12,025.01

Net Income$9,422.29$1,570.38/mo

GWI0.583

NRI0.435

(6 mo)Gross Income$21,447.30

(6 mo)

$2,004.17/mo$3,574.55/mo

(6 mo)

Lease NameCooper

OperatorCastle Resources Inc

Legal DescriptionSec 31 8S 28W

County & StateSheridan, KS

Gross OpEx$3,986.02

Net Income($582.33)($116.47)/mo

GWI0.5

NRI0.41

(5 mo)Gross Income$3,403.69

(5 mo)

$797.20/mo$680.74/mo

(5 mo)

Lease NameLudwick

OperatorCastle Resources Inc

Legal DescriptionSec 35 19S 10W

County & StateRice, KS

Gross OpEx$7,187.54

Net Income$5,357.53$892.92/mo

GWI0.5

NRI0.41

(6 mo)Gross Income$12,545.07

(6 mo)

$1,197.92/mo$2,090.85/mo

(6 mo)

Lease NameMolhagen

OperatorCastle Resources Inc

Legal DescriptionSec 9 17S 8W

County & StateEllsworth, KS

Gross OpEx$1,984.60

Net Income($1,984.60)($396.92)/mo

GWI0.5

NRI0.41

(5 mo)

$396.92/mo

(5 mo)

Lease NameRoss

OperatorCastle Resources Inc

Legal DescriptionSec 11 18S 08W

County & StateRice, KS

Gross OpEx$1,066.61

Net Income($1,066.61)($213.32)/mo

GWI0.5

NRI0.41

(5 mo)

$213.32/mo

(5 mo)

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

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Lease NameSieker

OperatorCastle Resources Inc

Legal DescriptionSec 34 19S 10W

County & StateRice, KS

Gross OpEx$8,224.37

Net Income($3,832.85)($766.57)/mo

GWI0.5

NRI0.41

(5 mo)Gross Income$4,391.52

(5 mo)

$1,644.87/mo$878.30/mo

(5 mo)

Total Lot Net Monthly Income: $970.02

Lot #68.1 ORRI

Lease NameClark

OperatorCastle Resources Inc

Legal DescriptionSec 32 08S 28W

County & StateSheridan, KS

Decimal Interest0.000625

Lease NameLudwick

OperatorCastle Resources Inc

Legal DescriptionSec 35 19S 10W

County & StateRice, KS

Decimal Interest0.01

Net Income$609.11$55.37/mo

Income information is for Jan-Nov 2018. Leases made $212.64 Jan-Apr 2019.Seller Comments:

(11 mo)

Lot #69 RI

Lease NameHarrison 1-24H

OperatorUnit Petroleum

Legal DescriptionSW/4 Sec 24 02N 19E

County & StateTexas, OK

Decimal Interest0.007313

Acres24 Net acres of 640 on 3/16 royalty

Gross OpEx$64.00

Net Income$1,009.63$84.14/mo

(12 mo)Gross Income$1,073.63

(12 mo)

$5.33/mo$89.47/mo

(12 mo)

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

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Lot #70 ORRI

Lease NameRikella 3H-21

OperatorCitizen Energy II

Legal DescriptionSec 16 10N 05W

County & StateCanadian, OK

Decimal Interest0.000286890 & 0.00143870

Gross OpEx$0.00

Net Income$115.02$9.59/mo

(12 mo)Gross Income$115.02

(12 mo)

Selling two Overriding Royalty Interest percentages.Seller Comments:$9.59/mo

(12 mo)

Lot #71 ORRI

Lease NameKeller "P"

OperatorPaul Bowman Oil Trust

Legal DescriptionSE Sec 21 10S 20W

County & StateRooks, KS

Decimal Interest0.05468750

Net Income$2,060.63$171.72/mo

(12 mo)

Lot #72 ORRI

Lease NameDehner A

OperatorPickrell Drilling Co Inc

Legal DescriptionW/2 Sec. 32 SW/4 Sec 29 19S 020W

County & StateRush, KS

Decimal Interest0..0132446

Acres480 MOL

Net Income$1,903.14$158.60/mo

(12 mo)

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

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Lot #73 Leased Minerals

Lease NameScoop and Stack Sec 18 2N 5W

Legal DescriptionSec 18 2N 5W

County & StateStephens, OK

Acres0.45 Net Mineral Acre

NRI0.1875

Leasehold expires 1/1/2022Seller Comments:

Acres0.45 Net Mineral Acre

Lot #74 ORRI

Lease NameBornemann #1

OperatorHinkle Oil & Gas Inc

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

County & StateCanadian, OK

Decimal Interest0.0003704

Acres80 MOL

Net Income$412.60$34.38/mo

(12 mo)

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

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Lot #75 RI

Lease NamePoston 1

OperatorTapstone Energy LLC

Legal DescriptionNE SW SE Sec 11 34S 9W

County & StateHarper, KS

Decimal Interest.04687500

Net Income$1,843.00$153.58/mo

(12 mo)

Lease NameWarner 11-34-9 1H

OperatorTapstone Energy LLC

Legal DescriptionN2 N2 NW NW Secc 11 34S 9W

County & StateHarper, KS

Decimal Interest.06366016

Net Income$75,177.39$6,264.78/mo

(12 mo)

Total Lot Net Monthly Income: $6,418.36

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

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

[email protected]@dbdoil.com

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

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Lot #76 PWI

Lease NameBoswell 1-11

OperatorRed Rocks, Orca Operating

Legal DescriptionNW4 SE4 NE4 SW4 Sec 11 14N 24W

County & StateRoger Mills, OK

Gross OpEx$798.29

Net Income$42.77$3.06/mo

GWI024095

NRI.018244

(14 mo)Gross Income$841.06

(14 mo)

Completed well work in early 2019.Seller Comments:$57.02/mo$60.08/mo

(14 mo)

Lease NameBoswell 1-11

OperatorRed Rocks, Orca Operating

Legal DescriptionNW4 SE4 NE4 SW4 Sec 11 14N 24W

County & StateRoger Mills, OK

Gross OpEx$798.29

Net Income$42.77$3.06/mo

GWI024095

NRI.018244

(14 mo)Gross Income$841.06

(14 mo)

Completed well work in early 2019.Seller Comments:$57.02/mo$60.08/mo

(14 mo)

Lease NameJobyna 25-1

OperatorRed Rocks, Orca Operating

Legal DescriptionSec 25 26N 20W

County & StateHarper, OK

Gross OpEx$24.48

Net Income$12.67$0.91/mo

GWI.000625

NRI.0005

(14 mo)Gross Income$37.15

(14 mo)

$1.75/mo$2.65/mo

(14 mo)

Lease NameJobyna 25-1

OperatorRed Rocks, Orca Operating

Legal DescriptionSec 25 26N 20W

County & StateHarper, OK

Gross OpEx$24.48

Net Income$12.67$0.91/mo

GWI.000625

NRI.0005

(14 mo)Gross Income$37.15

(14 mo)

$1.75/mo$2.65/mo

(14 mo)

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

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

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Lease NameLeon 1-10

OperatorRed Rocks, Orca Operating

Legal DescriptionSec 10 14N 24W

County & StateRoger Mills, OK

Gross OpEx$524.20

Net Income$499.05$35.65/mo

GWI.01480404

NRI�.01115023

(14 mo)Gross Income$1,023.25

(14 mo)

Well was previously averaging 4-6BOPD & 10 MCFD. Deciding on workover or repair. Expenses exclude workover to repair tubing leak.

Seller Comments:$37.44/mo$73.09/mo

(14 mo)

Lease NameLeon 1-10

OperatorRed Rocks, Orca Operating

Legal DescriptionSec 10 14N 24W

County & StateRoger Mills, OK

Gross OpEx$524.20

Net Income$499.05$35.65/mo

GWI.01480404

NRI�.01115023

(14 mo)Gross Income$1,023.25

(14 mo)

Well was previously averaging 4-6BOPD & 10 MCFD. Deciding on workover or repair. Expenses exclude workover to repair tubing leak.

Seller Comments:$37.44/mo$73.09/mo

(14 mo)

Lease NameRowen 1-6

OperatorRed Rocks, Orca Operating

Legal DescriptionSE Sec 6 12N 24W

County & StateRoger Mills, OK

Gross OpEx$428.94

Net Income$551.96$39.43/mo

GWI.014375

NRI.010781

(14 mo)Gross Income$980.90

(14 mo)

Net excludes $157 expense for month of 2-19 which was hole in tubing repair and workover.Seller Comments:$30.64/mo$70.06/mo

(14 mo)

Lease NameRowen 1-6

OperatorRed Rocks, Orca Operating

Legal DescriptionSE Sec 6 12N 24W

County & StateRoger Mills, OK

Gross OpEx$428.94

Net Income$551.96$39.43/mo

GWI.014375

NRI.010781

(14 mo)Gross Income$980.90

(14 mo)

Net excludes $157 expense for month of 2-19 which was hole in tubing repair and workover.Seller Comments:$30.64/mo$70.06/mo

(14 mo)

Lease NameSides 3-9

OperatorRed Rocks, Orca Operating

Legal DescriptionSec 9 13N 25W

County & StateRoger Mills, OK

Acres640 All of section 9

Gross OpEx$732.98

Net Income$231.95$16.57/mo

GWI.0225

NRI.016875

(14 mo)Gross Income$964.93

(14 mo)

Leasehold included.Seller Comments:$52.36/mo$68.92/mo

(14 mo)

Total Lot Net Monthly Income: $174.67

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

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Lot #76.1 Operated Lease

Lease NameSpeier

OperatorParadise Creek Oil & Gas Co

Legal DescriptionE 1/2 SE Sec 35-14S-19W

County & StateEllis, KS

Acres80

GWI100%

NRI82%

Both wells were pumping approximately 2.5 bopd and 320 total fluid and #5 went down with a tubing leak.

#4 is making .83 bbl per day and 160 total fluid.

#5 producing under a packer

Both wells have excellent potential upside with a polymer job to reduce water production and increase oil recovery rate. Also would pump down after polymer to allow additional prodution from LKC-Topeka zones.

New Dike and fencing around tank battery & both wells.

New wellhead connections on #5.

Water goes to Curt’s Oil Operations, LLC’s Herl Lease SWD (Lot 70 in this auction).

1-FG 200 bbl water tank1-FG 250 bbl gun barrel1-FG 200 bbl stock tank1-Steel 200 bbl stock tank1-Speed king 114 pumping unit w/15hp motor1-Big M 114 Pumping unit w/15hp

Seller Comments:

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production6/10/1992Arbuckle5

6/11/1992 13,961Arbuckle4

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

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

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Lot #77 Operated Lease

Lease NameHerl

OperatorCurt's Oil Operations LLC

Legal DescriptionSW Sec 35 14S 19W

County & StateEllis, KS

Acres160

Net Income$10,092.00$841.00/mo

GWI100%

NRI80%

4 went down on 4/2/2019 with a tubing leak. 2018 average SWD income = $841/month

SWD has additional capacity, water goes on vacuum.

SWD on 5 year MIT, next MIT due 11/12/2022

Receives water from 2 outside leases, 1 of which is Lot 69.1, Speier Lease.

Producer was down for a total of 5 months in 2018, it will make a steady 1.67 BOPD when well is running.

Seller Comments:

(12 mo)

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production3/11/1985 NAArbuckle2

9/18/1976 134,000Arbuckle4

Lot #78 PWI

Lease NameChoate 0504 10-HW

OperatorEagle Exploration LLC

Legal DescriptionSec 3 5N 4W

County & StateMcClain, OK

Gross OpEx$344.23

Net Income$4,673.29$333.81/mo

GWI0.00078125

NRI0.00058594

(14 mo)Gross Income$5,017.52

(14 mo)

$24.59/mo$358.39/mo

(14 mo)

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

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Lot #79 Operated Lease

Lease NameSeibert

OperatorMurfin Drilling Co Inc

Legal DescriptionSE Sec 21 24S 15W

County & StateStafford, KS

Acres160

Gross OpEx$9,320.00

Net Income$5,280.00$440.00/mo

GWI93.75%

NRI75%

(12 mo)Gross Income$14,600.00

(12 mo)

Income information is for 100% GWI. Producing under a packer due to a hole in the casing.Seller Comments:$776.67/mo$1,216.67/mo

(12 mo)

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production1,212,500

mcf10/6/1975Mississippi/Kinder-

hook (4156-4210)#1

Lot #80 Leased Minerals

Lease NameEllis Kansas Minerals

Legal DescriptionSE Sec 5 11S 19W

County & StateEllis, KS

Acres160 153 Leased Acres HBP7 Leased Acres producing

This 160 acres are HBP at 1/8 royalty to Murfin on the Kermic Unit.

The Kermic Unit is 40 acres that includes 7.12 acres the quarter section these minerals lie in.

The decimal interest in this unit for this interest will be approximately ~2.25% on the Kermic lease.

That leaves roughly 153 NMA of 160 acres as held and non-producing.

Regarding production, the Kermic Unit produces about 3 BOPD. At $55 oil that’s about $110/mo to the interest (the .0225).

Seller Comments:

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

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Lot #81 PWI

Lease NameK&K 2-31

OperatorUrban Oil & Gas Group LLC

Legal DescriptionNW Sec 31 1S 31W

County & StateRawlins, KS

Gross OpEx$601.58

Net Income($14.97)($1.25)/mo

GWI0.0237371

NRI0.02077000

(12 mo)Gross Income$586.61

(12 mo)

$50.13/mo$48.88/mo

(12 mo)

Lot #82 ORRI

Lease NameK&K 2-31

OperatorUrban Oil & Gas Group LLC

Legal DescriptionNW Sec 31 1S 31W

County & StateRawlins, KS

Decimal Interest.01356090

Net Income$585.00$48.75/mo

(12 mo)

Lot #83 PWI

Lease NameCurry 1-32

OperatorUrban Oil & Gas Group LLC

Legal DescriptionNW Sec 32 1S 31W

County & StateRawlins, KS

Gross OpEx$2,299.45

Net Income$985.41$82.12/mo

GWI0.066666

NRI0.0583328

(12 mo)Gross Income$3,284.86

(12 mo)

$191.62/mo$273.74/mo

(12 mo)

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

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Lot #84 RI

Lease NameForsyth Unit

OperatorDixon Operating Corp

Legal DescriptionSee Exhibit ‘A’ in document

County & StateBarber, KS

Decimal InterestVarious; see documents

Net Income$2,103.48$525.87/mo

Buyer will have the option to double this lot.

Income represents 50% of check stubs.

Seller Comments:

(4 mo)

Lot #84.1 RI

Lease NameForsyth Unit

OperatorDixon Operating Corp

Legal DescriptionSee Exhibit ‘A’ in document

County & StateBarber, KS

Decimal InterestVarious; see documents

Net Income$2,103.48$525.87/mo

Income represents 50% of check stubs.Seller Comments:

(4 mo)

Lot #85 ORRI

Lease NameBlank

OperatorC&R Oil

Legal DescriptionNE Sec 14 9S 16W

County & StateRooks, KS

Decimal Interest0.02734370

Net Income$777.28$64.77/mo

(12 mo)

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

Lot #86 LOT #86 REMOVED

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

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Lot #87 Operated Lease

Lease NameBlythe, J.R.

OperatorCSODA Operating Co LLC dba H&L Operating Co LLC

Legal DescriptionSec 1 31S 32W

County & StateSeward, KS

Gross OpEx$1,036.00

Net Income$147.00$36.75/mo

GWI100%

NRI84.765625%

(4 mo)Gross Income$1,183.00

(4 mo)

Excludes non-routine charge for repair of pumping unit wrist pins 3/2019.Seller Comments:$259.00/mo$295.75/mo

(4 mo)

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production05/1954 531Hugoton-ChaseBlythe, J.R. 1

Lease NameFincham

OperatorCSODA Operating Co LLC dba H&L Operating Co LLC

Legal DescriptionSec 32 30S 31W

County & StateHaskell, KS

Acres480

Gross OpEx$804.00

Net Income($78.00)($19.50)/mo

GWI100%

NRI81.25%

(4 mo)Gross Income$726.00

(4 mo)

$201.00/mo$181.50/mo

(4 mo)

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production05/1954 531Hugoton-ChaseBlythe, J.R. 1

Lease NameHill 1

OperatorCSODA Operating Co LLC dba H&L Operating Co LLC

County & StateSeward, KS

Gross OpEx$50.00

Net Income($50.00)($12.50)/mo

GWI100%

NRI84.765625%

(4 mo)

Winnie Hill 1-26 produced 369 MCF/mo average (Jan-Mar 2016) before being shut-in in April 2016 for low commodity prices.

Seller Comments:$12.50/mo

(4 mo)

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production05/1954 531Hugoton-ChaseBlythe, J.R. 1

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

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Lot #87 Operated Lease

Lease NameBlythe, J.R.

OperatorCSODA Operating Co LLC dba H&L Operating Co LLC

Legal DescriptionSec 1 31S 32W

County & StateSeward, KS

Gross OpEx$1,036.00

Net Income$147.00$36.75/mo

GWI100%

NRI84.765625%

(4 mo)Gross Income$1,183.00

(4 mo)

Excludes non-routine charge for repair of pumping unit wrist pins 3/2019.Seller Comments:$259.00/mo$295.75/mo

(4 mo)

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production05/1954 531Hugoton-ChaseBlythe, J.R. 1

Lease NameFincham

OperatorCSODA Operating Co LLC dba H&L Operating Co LLC

Legal DescriptionSec 32 30S 31W

County & StateHaskell, KS

Acres480

Gross OpEx$804.00

Net Income($78.00)($19.50)/mo

GWI100%

NRI81.25%

(4 mo)Gross Income$726.00

(4 mo)

$201.00/mo$181.50/mo

(4 mo)

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production05/1954 531Hugoton-ChaseBlythe, J.R. 1

Lease NameHill 1

OperatorCSODA Operating Co LLC dba H&L Operating Co LLC

County & StateSeward, KS

Gross OpEx$50.00

Net Income($50.00)($12.50)/mo

GWI100%

NRI84.765625%

(4 mo)

Winnie Hill 1-26 produced 369 MCF/mo average (Jan-Mar 2016) before being shut-in in April 2016 for low commodity prices.

Seller Comments:$12.50/mo

(4 mo)

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production05/1954 531Hugoton-ChaseBlythe, J.R. 1

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

Lease NameLambert

OperatorCSODA Operating Co LLC dba H&L Operating Co LLC

County & StateSeward, KS

Acres640

Gross OpEx$50.00

Net Income($50.00)($12.50)/mo

GWI100%

NRI84.830219%

(4 mo)

Lambert Unit 1-32 produced 498 MCF/mo average (Jan-Mar 2016) before being shut-in in April 2016 for low commodity prices. Excludes SI royalty payment of $640 (2 yr payment) paid 3/2019

Seller Comments:$12.50/mo

(4 mo)

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production05/1954 531Hugoton-ChaseBlythe, J.R. 1

Lease NameMiller

OperatorCSODA Operating Co LLC dba H&L Operating Co LLC

Legal DescriptionSec 22 30S 31W

County & StateHaskell, KS

Acres640

Gross OpEx$100.00

Net Income($100.00)($25.00)/mo

GWI100%

NRI86.132810%

(4 mo)

Miller 2 produced 662 MCF/mo average (Jan – Mar 2016) before being shut-in in April 2016 for low commodity prices. Excludes SI royalty payment of $640 (2 yr payment) paid 3/2019.

Seller Comments:$25.00/mo

(4 mo)

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production05/1954 531Hugoton-ChaseBlythe, J.R. 1

Lease NamePatterson

OperatorCSODA Operating Co LLC dba H&L Operating Co LLC

Legal DescriptionSec 29 30S 31W

County & StateHaskell, KS

Acres640

Gross OpEx$50.00

Net Income($50.00)($12.50)/mo

GWI100%

NRI87.5%

(4 mo)

Excludes SI Royalty Payment of $640 (2 yr payment)Patterson 1-28 produced 338 MCF/mo average (Jan-Mar 2016) before being shut-in in April 2016 for low commodity prices.

Seller Comments:$12.50/mo

(4 mo)

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production05/1954 531Hugoton-ChaseBlythe, J.R. 1

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

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Lease NamePatterson C

OperatorCSODA Operating Co LLC dba H&L Operating Co LLC

Legal DescriptionSec 33 30S 31W

County & StateHaskell, KS

Acres160

Gross OpEx$542.00

Net Income($67.00)($16.75)/mo

GWI100%

NRI87.5%

(4 mo)Gross Income$475.00

(4 mo)

Expenses excludes non-routine charge for repair of pumping unit wrist pins 3/2019.Seller Comments:$135.50/mo$118.75/mo

(4 mo)

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production05/1954 531Hugoton-ChaseBlythe, J.R. 1

Lease NameSchmidt-Connors

OperatorCSODA Operating Co LLC dba H&L Operating Co LLC

Legal DescriptionSec 29 30S 31W

County & StateHaskell, KS

Acres640

Gross OpEx$653.00

Net Income$278.00$69.50/mo

GWI100%

NRI79.882810%

(4 mo)Gross Income$931.00

(4 mo)

$163.25/mo$232.75/mo

(4 mo)

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production05/1954 531Hugoton-ChaseBlythe, J.R. 1

Total Lot Net Monthly Income: $7.50

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

For tax savings call 785-623-0473

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Lease NamePatterson C

OperatorCSODA Operating Co LLC dba H&L Operating Co LLC

Legal DescriptionSec 33 30S 31W

County & StateHaskell, KS

Acres160

Gross OpEx$542.00

Net Income($67.00)($16.75)/mo

GWI100%

NRI87.5%

(4 mo)Gross Income$475.00

(4 mo)

Expenses excludes non-routine charge for repair of pumping unit wrist pins 3/2019.Seller Comments:$135.50/mo$118.75/mo

(4 mo)

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production05/1954 531Hugoton-ChaseBlythe, J.R. 1

Lease NameSchmidt-Connors

OperatorCSODA Operating Co LLC dba H&L Operating Co LLC

Legal DescriptionSec 29 30S 31W

County & StateHaskell, KS

Acres640

Gross OpEx$653.00

Net Income$278.00$69.50/mo

GWI100%

NRI79.882810%

(4 mo)Gross Income$931.00

(4 mo)

$163.25/mo$232.75/mo

(4 mo)

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production05/1954 531Hugoton-ChaseBlythe, J.R. 1

Total Lot Net Monthly Income: $7.50

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

Lot #88 ORRI

Lease NameCalumet-Wilson

Net Income$2,335.27$194.61/mo

Legal Description for the entire unit is as follows:

Portions of section 5, 8 and 31: all of section 6, 7, 17, 18, 19, 20, 29, 30 and 32, township 13 north, range 8 west,

Portions of section 1, 12, 13, 24 and 25, township 13 north range 9 west,

Portions of sections 29 and 32; all of sections 19, 30, and 31, township 14 north, range 8 west,

Portions of section 25 and 26, township 14 north, range 9 west, all in Canadian county OK

Seller Comments:

(12 mo)

Lot #89 ORRI

Lease NameMary 1

OperatorThomas Garner Inc

Legal DescriptionE/2 Sec 18 25S 13W

County & StateStafford, KS

Decimal Interest0.005

Acres80

Net Income$1,048.99$262.25/mo

Buyer will have the option to double this lot.

Kansas City Producer with potential Mississippi behind the pipe.

Well came in at 35BOPD in December 2018 and has produced 17 BOPD for the past 30 days.

Seller Comments:

(4 mo)

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

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Lot #89.1 ORRI

Lease NameMary 1

OperatorThomas Garner Inc

Legal DescriptionE/2 Sec 18 25S 13W

County & StateStafford, KS

Decimal Interest0.005

Acres80

Net Income$1,048.99$262.25/mo

Kansas City Producer with potential Mississippi behind the pipe.

Well came in at 35BOPD in December 2018 and has produced 17 BOPD for the past 30 days.

Seller Comments:

(4 mo)

Lot #90 RI

Lease NameCaswell Unit

OperatorEnervest Operating LLC, EOG Resources Inc

Legal DescriptionSee additional documents

County & StateMontague, TX

Decimal InterestVarious

Acres160 MOL

Net Income$512.52$85.42/mo

4 producing wells in the Barnett Shale formation.Seller Comments:

(6 mo)

Lot #91 ORRI

Lease NameBetz (A)

OperatorDaMar Resources Inc

Legal DescriptionSW NE Sec 13 20S 23W

County & StateNess, KS

Decimal Interest0.0136719

Acres40 MOL

Net Income$553.04$46.09/mo

(12 mo)

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

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Lot #89.1 ORRI

Lease NameMary 1

OperatorThomas Garner Inc

Legal DescriptionE/2 Sec 18 25S 13W

County & StateStafford, KS

Decimal Interest0.005

Acres80

Net Income$1,048.99$262.25/mo

Kansas City Producer with potential Mississippi behind the pipe.

Well came in at 35BOPD in December 2018 and has produced 17 BOPD for the past 30 days.

Seller Comments:

(4 mo)

Lot #90 RI

Lease NameCaswell Unit

OperatorEnervest Operating LLC, EOG Resources Inc

Legal DescriptionSee additional documents

County & StateMontague, TX

Decimal InterestVarious

Acres160 MOL

Net Income$512.52$85.42/mo

4 producing wells in the Barnett Shale formation.Seller Comments:

(6 mo)

Lot #91 ORRI

Lease NameBetz (A)

OperatorDaMar Resources Inc

Legal DescriptionSW NE Sec 13 20S 23W

County & StateNess, KS

Decimal Interest0.0136719

Acres40 MOL

Net Income$553.04$46.09/mo

(12 mo)

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

Lot #92 ORRI

Lease NameGeorge Russell

OperatorEverest Operating LLC

Legal DescriptionSec 11 12N 05W

County & StateCanadian, OK

Decimal Interest0.0518560

Net Income$163.42$13.62/mo

(12 mo)

Lot #93 ORRI

Lease NameHolland #1-25

OperatorTwenty/Twenty Oil & Gas Inc

Legal DescriptionSec 25 07N 08W

County & StateGrady, OK

Decimal Interest0.00539335

Lot #94 ORRI

Lease NameMickie Anne #1-12

OperatorChisholm Oil and Gas Operating LLC

Legal DescriptionW/2 NW Sec 12 12N 05W

County & StateCanadian, OK

Decimal Interest0.0099375

Gross OpEx$0.00

Net Income$406.46$33.87/mo

(12 mo)Gross Income$406.46

(12 mo)

$33.87/mo

(12 mo)

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

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

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Lot #95 PWI

Lease NameDavis 'B'

OperatorVess Oil Corporation

Legal DescriptionNE SE SE Sec 24 17S 28W

County & StateLane, KS

GWI0.5

NRI0.5

Lease NameJennison 'B'

OperatorVess Oil Corporation

Legal DescriptionSE NE SW Sec 20 16S 29W

County & StateLane, KS

Gross OpEx$4,437.00

Net Income$5,310.00$442.50/mo

GWI.0625

NRI�.0499268

(12 mo)Gross Income$9,747.00

(12 mo)

$369.75/mo$812.25/mo

(12 mo)

Lease NameMagie

OperatorVess Oil Corporation

Legal DescriptionNE NE SW Sec 17 16S 29W

County & StateLane, KS

Gross OpEx$1,876.00

Net Income$2,136.00$178.00/mo

GWI0.5

NRI.0410156

(12 mo)Gross Income$4,012.00

(12 mo)

$156.33/mo$334.33/mo

(12 mo)

Lease NamePetersilie 'A'

OperatorVess Oil Corporation

Legal DescriptionSW Sec 7 20S 23W

County & StateNess, KS

Gross OpEx$12,349.00

Net Income($4,066.00)($338.83)/mo

GWI0.5

NRI.0410156

(12 mo)Gross Income$8,283.00

(12 mo)

$1,029.08/mo$690.25/mo

(12 mo)

Lease NameRichards

OperatorVess Oil Corporation

Legal DescriptionNW NW SE Sec 20 16S 29W

County & StateLane, KS

Gross OpEx$3,411.00

Net Income$524.00$43.67/mo

GWI.059375

NRI.0468262

(12 mo)Gross Income$3,935.00

(12 mo)

$284.25/mo$327.92/mo

(12 mo)

Total Lot Net Monthly Income: $1,003.00

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

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Lot #95 PWI

Lease NameDavis 'B'

OperatorVess Oil Corporation

Legal DescriptionNE SE SE Sec 24 17S 28W

County & StateLane, KS

GWI0.5

NRI0.5

Lease NameJennison 'B'

OperatorVess Oil Corporation

Legal DescriptionSE NE SW Sec 20 16S 29W

County & StateLane, KS

Gross OpEx$4,437.00

Net Income$5,310.00$442.50/mo

GWI.0625

NRI�.0499268

(12 mo)Gross Income$9,747.00

(12 mo)

$369.75/mo$812.25/mo

(12 mo)

Lease NameMagie

OperatorVess Oil Corporation

Legal DescriptionNE NE SW Sec 17 16S 29W

County & StateLane, KS

Gross OpEx$1,876.00

Net Income$2,136.00$178.00/mo

GWI0.5

NRI.0410156

(12 mo)Gross Income$4,012.00

(12 mo)

$156.33/mo$334.33/mo

(12 mo)

Lease NamePetersilie 'A'

OperatorVess Oil Corporation

Legal DescriptionSW Sec 7 20S 23W

County & StateNess, KS

Gross OpEx$12,349.00

Net Income($4,066.00)($338.83)/mo

GWI0.5

NRI.0410156

(12 mo)Gross Income$8,283.00

(12 mo)

$1,029.08/mo$690.25/mo

(12 mo)

Lease NameRichards

OperatorVess Oil Corporation

Legal DescriptionNW NW SE Sec 20 16S 29W

County & StateLane, KS

Gross OpEx$3,411.00

Net Income$524.00$43.67/mo

GWI.059375

NRI.0468262

(12 mo)Gross Income$3,935.00

(12 mo)

$284.25/mo$327.92/mo

(12 mo)

Total Lot Net Monthly Income: $1,003.00

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

Lot #96 ORRI

Lease NameBrundgardt A&B

OperatorBeren Corporation

Legal DescriptionNW SE NW Sec 22 10S 25W

County & StateGraham, KS

Decimal Interest0.006835900

Acres640 *See Note

Net Income$586.71$48.89/mo

*SW/4 Sec. 22-10-25W (320 acres more or less)NW/4 SW/4 Sec. 22-10S-25W (320 acres more or less)

Seller Comments:

(12 mo)

Lot #97 Operated Lease

Lease NameWilliams

OperatorTengasco Inc

Legal DescriptionNE Sec 11 22S 14W

County & StateStafford, KS

Acres160

Gross OpEx$16,263.65

Net Income$2,869.77$239.15/mo

GWI87.5%

NRI71.521%

(12 mo)Gross Income$19,133.42

(12 mo)

Well shut-in 9-1-2016 with tubing leakSeller Comments:$1,355.30/mo$1,594.45/mo

(12 mo)

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production07/11/1977 129,331

(Lease)LansingWilliams #2

SWIW11/27/1980 129,331

(Lease)Lansing, CIBP over

ArbuckleWilliams #3

10/8/1975 129,331 (Lease)

ArbuckleWilliams #1

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

Lot #DougReh Truck

1972 Chevy C10Roll to the oil field in style

Short-Bed Single-CabAuto trans • A/C

$18,495Check it out at

Doug Reh Chevrolet1501 E. 1st St, Pratt KS

www.dougrehchevrolet.comor call 620-450-4441

We are not selling this pickup today but we appreciate our exclusive car dealer sponsor Doug Reh Chevrolet in Pratt, KS. If you have interest in this restored 1972 Chevrolet call Doug Reh

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Lot #98 Operated Lease

Lease NameMiller

OperatorTengasco Inc

Legal DescriptionS/2 NW Sec 11 22S 14W

County & StateStafford, KS

Acres80

Gross OpEx$12,467.70

Net Income($4,915.96)($409.66)/mo

GWI87.5%

NRI71.77734%

(12 mo)Gross Income$7,551.74

(12 mo)

Water disposal to Tengasco’s Williams SWIW #2. Williams lease is also for sale.

Pumping unit is non-operational due to wrist pins broke – Dec 2018.

Seller Comments:$1,038.98/mo$629.31/mo

(12 mo)

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production4/17/1976 00.79Miller #1

Lot #99 RI

Lease NameAllen Dorothy Unit

OperatorCovey Park Energy

Legal DescriptionSee additional document.

County & StateRobertson, TX

Decimal InterestVarious; see additional document.

Net Income$250.41$83.47/mo

4 producing wells in the Bossier formation.Seller Comments:

(3 mo)

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

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

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Lot #98 Operated Lease

Lease NameMiller

OperatorTengasco Inc

Legal DescriptionS/2 NW Sec 11 22S 14W

County & StateStafford, KS

Acres80

Gross OpEx$12,467.70

Net Income($4,915.96)($409.66)/mo

GWI87.5%

NRI71.77734%

(12 mo)Gross Income$7,551.74

(12 mo)

Water disposal to Tengasco’s Williams SWIW #2. Williams lease is also for sale.

Pumping unit is non-operational due to wrist pins broke – Dec 2018.

Seller Comments:$1,038.98/mo$629.31/mo

(12 mo)

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cumulative Oil

Production

Cumulative Gas

Production4/17/1976 00.79Miller #1

Lot #99 RI

Lease NameAllen Dorothy Unit

OperatorCovey Park Energy

Legal DescriptionSee additional document.

County & StateRobertson, TX

Decimal InterestVarious; see additional document.

Net Income$250.41$83.47/mo

4 producing wells in the Bossier formation.Seller Comments:

(3 mo)

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

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

Lot #100 PWI

Lease NameJ Henry

OperatorRamsey Nichols Operating Co LLC

Legal DescriptionSW Sec 21 12N 05W

County & StateCanadian, OK

Gross OpEx$1,920.18

Net Income$4,992.99$416.08/mo

NRI0.051856

(12 mo)Gross Income$6,913.71

(12 mo)

$160.02/mo$576.14/mo

(12 mo)Acres

Lot #101 ORRI

Lease NameDeniston P

OperatorRitchie Exploration Inc

Legal DescriptionS/2 NE4 and SE/4 Sec/4 Sec.6-26S-11W

County & StatePratt, KS

Decimal Interest0..0546875

Acres240 MOL

Net Income$3,493.96$291.16/mo

(12 mo)

Lot #102 Open Minerals

Lease NameScoop and Stack Sec 29 2S 4W

Legal DescriptionSec 29 2S 4W

County & StateStephens, OK

Acres2.5 Net Mineral Acres

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

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Lot #103 ORRI

Lease NameSalvaggio-Eaton Unit 1

OperatorAnadarko E&P Company LP

Legal DescriptionJohn Williams Survey, A-237

County & StateBrazos, TX

Decimal Interest0.001167

Acres279.3

Net Income$126.18$10.52/mo

$126.18 from July 2017 through September 2018.Seller Comments:

(12 mo)

Lot #104 RI

Lease NameGuy Oaks

OperatorNeilco

County & StateClaiborne, LA

Decimal InterestMultiple

Net Income$282.04$23.50/mo$23.50/mo

(12 mo)

Lot #105 ORRI

Lease NameLonker G

OperatorDixon Operating Corp

Legal DescriptionSec 15 32S 12W

County & StateBarber, KS

Decimal Interest0.02734380

Net Income$1,417.85$118.15/mo

(12 mo)

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

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Lot #103 ORRI

Lease NameSalvaggio-Eaton Unit 1

OperatorAnadarko E&P Company LP

Legal DescriptionJohn Williams Survey, A-237

County & StateBrazos, TX

Decimal Interest0.001167

Acres279.3

Net Income$126.18$10.52/mo

$126.18 from July 2017 through September 2018.Seller Comments:

(12 mo)

Lot #104 RI

Lease NameGuy Oaks

OperatorNeilco

County & StateClaiborne, LA

Decimal InterestMultiple

Net Income$282.04$23.50/mo$23.50/mo

(12 mo)

Lot #105 ORRI

Lease NameLonker G

OperatorDixon Operating Corp

Legal DescriptionSec 15 32S 12W

County & StateBarber, KS

Decimal Interest0.02734380

Net Income$1,417.85$118.15/mo

(12 mo)

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

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

Lot #106 Minerals

Lease NameGove Minerals

Legal DescriptionE/2 Sec 9 14S 31W

County & StateGove, KS

Acres160 Net Mineral Acres

Seller is selling 50% of the minerals on this legal descriptionSeller Comments:

Lot #107 Minerals

Lease NameReno County Minerals

Legal DescriptionSee note

County & StateReno, KS

Acres125.5584 Total NET Mineral acres

Seller is selling 50% of their interest in and to all the oil, gas, and other minerals under the following legal descriptions:

NW 16-25s-10w – 13.3333 NETE/2 4-25s-10w less 13.299 acres – 25.558406 NETSW 34-24s-10w – 13.3333 NETSE 5-25s-10w – 13.3333 NETNW 9-25s-10w – 13.3333 NETE2SE 9-25s-10w – 6.6666 NETW2SW 10-25s-10w – 6.6666 NETN2NW 19-25-10w – 6.6666 NETNE 28-25s-10w – 26.666666 NET

Seller Comments:

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

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Lot #108 Equipment

Lease Name2007 Arrow C-106

New-style “Dish” flywheel, New Impco carbeurator, New Star Fire Ignition, New muffler, Field-run condition

Seller Comments:

Lot #109 ORRI

Lease NameGriffith 3

OperatorF G Holl Co LLC

Legal DescriptionSW Sec 3 30S 14W

County & StateBarber, KS

Decimal Interest0.00134580

Acres160

Net Income$50.00$4.17/mo

(12 mo)

Lot #110 ORRI

Lease NameDavis X-15

OperatorF G Holl Co LLC

Legal DescriptionW/2 Sec 15 30S 13W

County & StateBarber, KS

Decimal Interest0.0034180

Acres320

Net Income$19.50$1.63/mo

(12 mo)

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

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Lot #108 Equipment

Lease Name2007 Arrow C-106

New-style “Dish” flywheel, New Impco carbeurator, New Star Fire Ignition, New muffler, Field-run condition

Seller Comments:

Lot #109 ORRI

Lease NameGriffith 3

OperatorF G Holl Co LLC

Legal DescriptionSW Sec 3 30S 14W

County & StateBarber, KS

Decimal Interest0.00134580

Acres160

Net Income$50.00$4.17/mo

(12 mo)

Lot #110 ORRI

Lease NameDavis X-15

OperatorF G Holl Co LLC

Legal DescriptionW/2 Sec 15 30S 13W

County & StateBarber, KS

Decimal Interest0.0034180

Acres320

Net Income$19.50$1.63/mo

(12 mo)

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

Lot #111 ORRI

Lease NameLawrenz 10

OperatorF G Holl Co LLC

Legal DescriptionW/2 SW Sec 10 30S 13W & E/2 SE Sec 9 30S 13W

County & StateBarber, KS

Decimal Interest0.00161500

Acres160

Net Income$38.00$3.17/mo

(12 mo)

Lot #112 PWI

Lease NameDoran

OperatorWhite Hawk Oil Co LLP

Legal DescriptionNE Sec 14 21S 13W

County & StateStafford, KS

Gross OpEx$1,416.00

Net Income$1,512.00$126.00/mo

GWI0.054688

NRI0.0448608

(12 mo)Gross Income$2,928.00

(12 mo)

Steady production for last 10 years of around 125bbl/moSeller Comments:$118.00/mo$244.00/mo

(12 mo)

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

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

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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.

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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.

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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.

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