Auction Lot Information Guide

Transcription

1 Oil & Gas Auction December 7, 2017 Auction Lot Information Guide Selected lots in this auction are being sold subject to seller confirmation. If you have any questions regarding this please call our office. 10:00am Opening terms & 10:50am Auction 11:00am Lunch 12:30pm The Wichita Boathouse 515 S. Wichita Street Wichita, KS 67202

2 Auction Lot Information Guide Selected lots in this auction are being sold subject to seller confirmation. If you have any questions regarding this please call our office. Auction Lot Information Guide Selected lots in this auction are being sold subject to seller confirmation. If you have any questions regarding this please call our office. Bid Online at MCEEOnline.com For latest lot information visit mceeauction.com

3 Table of Contents for December 7, 2017 Auction Lot Lease name Interest Type County, State Operator 1 Butterfield 1&2 ORRI Gove, KS Palomino Petroleum 2 Cobra Rock #1 ORRI Gove, KS Palomino Petroleum 3 Max #1 ORRI Ness, KS Whitetail Crude, inc. 4 Multiple Lease Lot PWI Various McCoy Petroleum Corp. 5 Jeromy H Royalty Interest Sumner, KS Sandridge 6 Lang Operated Lease Ellis, KS Meridian Energy, Inc 7 Yohn A ORRI Kiowa, KS McCoy Petroleum Corp. 8 Ross 1, 2, & 3 Royalty Grant, KS Merit Energy 9 Jennings 1,2&3 & Lehman 4 Royalty Grant, KS Linn Energy 10 Arrow C96 Engine Equipment 11 Matthews ORRI Rice, KS Vamco Operations 12 Matthews ORRI Rice, KS Vamco Operations 13 Bartos B ORRI Rooks, KS Bowman Oil Company 14 Multiple Lease Lot ORRI Trego, KS Multiple 15 Sipes ORRI Stafford, KS Trans Pacific Oil Corp. 16 Timmerkkamp ORRI Sedgwick, KS Cortam, Inc 17 Woodson County Package Operated Lease Woodson, KS Owens Petroleum, LLC 18 Barbara Young PWI Greeley, KS Red Oak Energy, Inc. 19 Mader PWI Graham, KS Red Oak Energy, Inc. 20 Mowry Trust PWI Graham, KS Red Oak Energy, Inc. 21 Headquarter PWI Kiowa, KS Red Oak Energy, Inc. 22 Cobra Rock PWI Gove, KS Palomino Petroleum 23 Fishgrab PWI Barber, KS Siroky Oil Management 24 Brown 9-1 PWI Graham, KS Red Oak Energy, Inc. 25 Siroky #3 PWI Pratt, KS Siroky Oil Management

4 Table of Contents for December 7, 2017 Auction Lot Lease name Interest Type County, State Operator 26 Doc #1 & #2 PWI Trego, KS Palomino Petroleum 27 Nichol PWI Trego, KS Palomino Petroleum 28 Harold Michaelis Family Trust PWI Logan, KS Palomino Petroleum 29 Butterfield #1 & #2 PWI Gove, KS Palomino Petroleum 30 Lot Removed 31 Seibenlist ORRI Ness, KS Red Oak Energy, Inc. 32 Braun #1 & #2 ORRI Ellis, KS Elk Energy Holdings LLC 33 Multiple Lease Lot PWI Ness, KS Vess Oil 34 Multiple Lease Lot PWI Harper, KS Trek AEC, LLC 35 Bernbeck A ORRI Ness, KS DaMar Resources, Inc. 36 Betz C ORRI Ness, KS Vess Oil Corporation 37 Boger F-1 (Oil and Gas) ORRI Ford, KS American Warrior, Inc. 38 Crowell ORRI Ness, KS Trans Pacific Oil Corp. 39 Crowell-Miner ORRI Ness, KS Trans Pacific Oil Corp. 40 Luann H PWI Ford, KS Sandridge Exploration & Production, LLC 41 Williams Wayne 1 PWI Pratt, KS McGinness Oil 42 Shore 1-33 PWI Stanton, KS Kerr-McGee 43 Lot Removed 44 Multiple Lease Lot PWI Various Berexco 45 Lewis-Wildgen A ORRI Ness, KS Pickrell Drilling Company, Inc. 46 McClean ORRI Ness, KS Jo-Allyn Oil Corp. 47 Richard Norton ORRI Gove, KS Trans Pacific Oil Corp. 48 Oliphant ORRI Hodgeman, KS Vess Oil Corporation 49 Sutton ORRI Ness, KS Jo-Allyn Oil Corp. 50 Weatherford Pumpjack Equipment 51 Debes R ORRI Ness, KS Trans Pacific Oil Corp. 52 Multiple Lease Lot ORRI Ness, KS Trans Pacific Oil Corp. 53 Miner-Buena Vista ORRI Ness, KS Trans Pacific Oil Corp. 54 Buena Vista ORRI Ness, KS Trans Pacific Oil Corp. 55 C. Shauers ORRI Ness, KS DaMar Resources, Inc. 56 Dixon Trust ORRI Ness, KS Palomino Petroleum, Inc. 57 Fanshier-Otte ORRI Ness, KS Pintail Petroleum

5 Table of Contents for December 7, 2017 Auction Lot Lease name Interest Type County, State Operator 58 Fritz Trust ORRI Ness, KS H & B Petroleum Corp. 59 Grimes North ORRI Stafford, KS DaMar Resources, Inc 60 Hiss-Adams ORRI Barton, KS Trans Pacific Oil Corp. 61 Holy Family ORRI Stafford, KS Trans Pacific Oil Corp. 62 Landis ORRI Rooks, KS Trans Pacific Oil Corp. 63 McClellan Trust ORRI Rooks, KS Free State Petroleum, LLC 64 McCoy ORRI Ness, KS Trans Pacific Oil Corp. 65 Miller ORRI Rooks, KS Trans Pacific Oil Corp. 66 ND/DD ORRI Ness, KS Palomino Petroleum, Inc. 67 Parkerson Trust A ORRI Ness, KS Pickrell Drilling Company, Inc 68 Pavlu-Davidson ORRI Ness, KS Trans Pacific Oil Corp. 69 Penka ORRI Barton, KS Trans Pacific Oil Corp. 70 Leon County Texas Minerals Nonproducing Leon, TX Minerals 71 Munz ORRI Stafford, KS Castle Resources, Inc. 72 Noll Unit ORRI Ness, KS DaMar Resources, Inc. 73 Quiring B ORRI Harvey, KS Trans Pacific Oil Corp. 74 Russell B ORRI Marion, KS GLM Company 75 St. Joseph Church ORRI Graham, KS Trans Pacific Oil Corp. 76 Walker ORRI Ness, KS Trans Pacific Oil Corp. 77 Webster ORRI Ness, KS Jo-Allyn Oil Corp. 78 Westermeyer-Bales ORRI Ness, KS Trans Pacific Oil Corp. 79 Wonder-Mud ORRI Ness, KS Mike Kelso Oil 80 STSI Unit #1-30 ORRI Scott, KS Red Oak Energy, Inc. 81 Olson B ORRI Ness, KS Veenker Resources, inc. 82 Reed ORRI Ness, KS Veenker Resources, Inc. 83 Sidebottom ORRI Ness, KS Veenker Resources, Inc. 84 Springer B ORRI Barber, KS Griffin Management 85 Sneed Mr ORRI Moore, TX Adams Affiliates 86 Lynch South ORRI Moore, TX WBD Oil & Gas 87 Witherbee #1, #2, #3, #4 ORRI Moore, TX Ponderosa Texas Operating 88 Masterson Red Cave Unit ORRI Moore, TX Adams Affiliates

6 Table of Contents for December 7, 2017 Auction Lot Lease name Interest Type County, State Operator 89 Robbie Jo 1, 4, 5, 6, 7 ORRI Moore, TX Mac 5 Operating, LLC 90 Thompson 1/41/61 ORRI Moore, TX Adams Affiliates 91 Baker 39 ORRI Moore, TX H&M Resources, LLC 92 Multiple Lease Lot ORRI Various Various 93 Multiple Lease Lot PWI Edwards, KS Petroleum Property 94 Z-Bar Ranch Minerals Mineral Acres Barber, KS 95 Multiple Lease Lot Operated Lease Wilson, KS P&R Oilfield Services 96 Combined with Lot CO2 Project PWI Russell, KS Murfin Drilling Company 98 Slagle #1-31 PWI Ness, KS MV Purchasing 99 CO2 Project PWI Russell, KS MV Purchasing 100 Lang ORRI Ellis, KS Meridian Energy, Inc. 101 Schumacher ORRI Ellis, KS Cla-Mar Oil Company 102 Habiger 18-1 ORRI Rice, KS StrataKan Exploration, LLC 103 Habiger Carter Unit 18-1 ORRI Rice, KS StrataKan Exploration, LLC 104 Moore ORRI Logan, KS Richland Oil Investments, LLC 105 Bob Smith Barnett Package RI Denton, TX Trinity River Energy, LLC 106 Lot Removed 107 Thomas Wilcox Sand Package RI Kay, OK Territory Resrouces, LLC 108 Arrow C-66 Engine Equipment 109 Cottonwood PWI Hodgeman, KS Pickrell Drilling Company, LLC 110 Lot Removed 111 Multiple Lease Lot PWI Ector, TX ICA Energy 112 Multiple Lease Lot PWI Meade, KS Oolite Energy Corp. 113 Multiple Lease Lot PWI Jefferson, OK Trio Consulting & Management 114 SLAGE #2-31 PWI Ness, KS Vess Oil corporation 115 Shelton Davis Sand Package RI Grayson, TX Bend Petroleum Corp. 116 Multiple Lease Lot PWI Various Various

7 Lot #1 Butterfield 1 & 2 ORRI Palomino Petroleum NE/4 S11-T14s-R26w County & State Decimal Interest Operating Expenses Income Gove, KS None $2, (7 months) $ per mo. Butterfield #1 & #2 sell together. These wells average over 100+ bopd, and have several pay zones behind pipe (confirmed with DST) Additional drilling locations confirmed w/3d. Partial Working Interest also being sold as Lot #29. Lot #2 Cobra Rock #1 ORRI Palomino Petroleum NW/4 S12-T14s-R26w County & State Decimal Interest Operating Expenses Income Gove, KS None $ (4 months) $ per mo. Cobra Rock #1 averages between 20 & 30 bopd, and has several zones behind pipe (confirmed with DST) There are also additional drilling locations confirmed with 3D. Lot #3 Max #1 ORRI Whitetail Crude, inc. NW/4 S31-T17s-R24w County & State Decimal Interest Operating Expenses Income Ness, KS None $ (5 months) $96.14 per mo. Well averages between 17 and 25 BOPD.

8 Lot #4 ATTENTION: This is a multiple lease lot. All leases will sell together. Massier A #1-8 PWI McCoy Petroleum Corp Sec. 8-T12S-R19W NW/4 Ellis, KS $ (12mo) $ (12mo) KST A #1-3 PWI McCoy Petroleum Corp Sec. 3-T7S-R19W NW/4 Rooks, KS $ (12mo) $ (12mo) Repaired lead line & pump flow line. Replace polish rod liner & seat pump, repair pump. 2/2017 Farr Trust B #1-14 PWI McCoy Petroleum Corp Sec. 14-T7S-R19W NE/4 Rooks, KS $ (12mo) $ (12mo) Replace PU(Lufkin C114D), install C-96 gas engine. Replace pilot bearing, clutch & sheave. 6/2017 Sullivan Trust A #1-17 PWI McCoy Petroleum Corp Sec. 17-T12S-R18W SW/4 Ellis, KS $ (12mo) $ (12mo)

9 Madden A #1, 2 & 4 SWD PWI McCoy Petroleum Corp Sec. 21-T12S-R18W SE/4 Ellis, KS $ (12mo) $ (12mo) Washed down old well on lease for saltwater disposal 7/2017 Joy A #1-28 PWI McCoy Petroleum Corp Sec. 28-T12S-R18W NE/4 Ellis, KS $ (12mo) $ (12mo) Bellerive A #1 & 2-3 PWI McCoy Petroleum Corp Sec. 3-T7S-R19W SW/4 Rooks, KS $ (12mo) $ (12mo) Seib A #1-9 PWI McCoy Petroleum Corp Sec. 9-12S-18W SE/4 Ellis, KS $78.41 (12mo) $ (12mo) $15.81 per mo. Lot Total Income: $ (monthly net average for eight leases)

10 Lot #5 Jeromy H Royalty Interest Sandridge S2NW S26-T32s-R4w County & State Decimal Interest Operating Expenses Income Sumner, KS NONE $21,641 (24mo) 9/20/17 check - $1, /20/17 check - $ /20/17 check - $ $901 per mo. Seller has an identical interest they may sell. Data package available online. Lot #6 Lang Operated Lease Meridian Energy, Inc. County & State GWI NRI Crude Purchaser Ellis, KS Plains Marketing W/2 NE/4; N/2 SE/4 Sec 20-T13S-R20W Arbuckle Well - Completion Date 10/9/2009 Gross BOPD.83 Cumulative Oil Production 5,916 Also includes: Pump 2 X 1 1/2 x 12 RWT 114 American Pumping Unit Variable speed drive 12 x 10 fiberglass tank 10 x 15 gunbarrel KGS Production Data , Updated through The Water is trucked. The Motor is electric.

11 Lot #7 Yohn A ORRI McCoy Petroleum Corp Sec. 26 T30S R19W County & State Decimal Interest Operating Expenses Income Kiowa, KS NONE $ (12mo) Expenses and Income for 12 month period The operator has expressed that they may drill another well as oil prices rise $100 per mo. Lot #8 Ross 1,2,&3 Royalty Merit Energy Sec. 30 T28S R36W Grant, KS 40 net NONE $ NET for 2016 $55.02 per mo. Production ,054 mcf ,912 mcf ,738 mcf ,223 mcf ,086 mcf ,370 mcf through 6/17 Lot #9 Jennings 1,2&3 & Lehman 4 Royalty Linn Energy Sec. 17 T29S R38W and Sec. 18 T29S R38W Grant, KS Sec Net Acres Sec Net Acres Production Jennings 1,2,& ,772 mcf ,547 mcf ,229 mcf ,443 mcf ,406 mcf ,190 mcf through 6/ NONE $ NET for 2016 $45.18 per mo. Lehming , , , ,222 through 6/17

12 Lot #10 Lease Name Type Operator County & State Arrow C96 Engine Equipment Pictures available online. The engine was disassembled to crankshaft and reassembled with new rod bearings, new piston rings, changed cylinder sleeve, rebuilt head, rebuilt 210 carburetor, new start fire ignition, rebuilt fan & new fan belt, rebuilt clutch. Lot #11 Matthews ORRI Vamco Operations Sec. 4 T20S R07W North 60 Acres of SW/4 Rice, KS NONE $24/mo (avg) Production (bbl) through An identical interest in this lease follows. It is available to the high bidder of this lot or will be sold separately. Lot #12 Matthews ORRI Vamco Operations Sec. 4 T20S R07W North 60 Acres of SW/4 Rice, KS NONE $24/mo (avg) Production (bbl) through

13 Lot #13 Bartos B ORRI Bowman Oil Company NW/4 Sec. 22-T9S-R19W Rooks, KS NONE $1, (12mo) $ per mo. Lot #14 ATTENTION: This is a multiple lease lot. All leases will sell together. Deines M ORRI Thoroughbred Assoc. SW/4 Sec. 19-T15S-R25W Trego, KS NONE $ (12mo) $ per mo. Deines #2 ORRI Great Plains Energy, Inc. SW/4 Sec. 19-T15S-R25W Trego, KS NONE $ (12mo) $66.06 per mo. Lot Total Income: $ (monthly net average for two leases) Lot #15 Sipes ORRI Trans Pacific Oil Corp. E/2 SW/4 Sec. 22-T21S-R13W Stafford, KS NONE $2, mo) $ per mo.

14 Lot #16 Timmerkkamp ORRI Cortam, Inc. NE/4 Sec. 6-T26S-R1E Sedgwick, KS NONE $1, (12mo) Monthly Net Average Income $ $ per mo. Lot #17 Woodson County Package Operated Lease Owens Petroleum, LLC County & State GWI NRI Crude Purchaser Acres Woodson, KS 100% 87.5% Coffeyville Resources wells on four producing leases 600 drillable locations left Fields (four producing leases) sold 1500 BBL in the month of August off of 19 producing wells. Lot #18 Barbara Young PWI Red Oak Energy, Inc. NW/4 of 23-T16S-R42W Greeley, KS $ (12mo) $ (12mo)

15 Lot #19 Mader PWI Red Oak Energy, Inc. NW of 7-T10S-R25W Graham, KS $ (12mo) $2, (12mo) Lot #20 Mowry Trust PWI Red Oak Energy, Inc. SW/4 21-T18S-R25W Graham, KS $ (12mo) $1, (12mo) Lot #21 Headquarters PWI Red Oak Energy, Inc. SE/4 of 35-T29S-R16W Kiowa, KS $ (6mo) $ (6mo)

16 Lot #22 Cobra Rock PWI Palomino Petroleum NW/4 Sec 12-T14S-R26W Gove, KS $77.51 (4mo) $2, (4mo) Cobra Rock #1 averages between 20 & 30 bopd, and has several zones behind pipe (confirmed with DST) There are also additional drilling locations confirmed with 3D. Also, really nice equipment and a $16k fence around the tank battery. Lot #23 Fishgrab PWI Siroky Oil Management NW/4 Sec 2-T30S-R13W Barber, KS $ (12mo) $1, (12mo) Lot #24 Brown 9-1 PWI Red Oak Energy, Inc. SW/4 9-T7S-R24W Graham, KS $ (9mo) $ (9mo) 160 Acres

17 Lot #25 Siroky #3 PWI Siroky Oil Management SW/ T27S - R12W Pratt, KS $ (12mo) $1, (12mo) 160 Acres, also sells gas Lot #26 Doc #1& #2 PWI Palomino Petroleum NW/4 Sec 20-T14S-R25W Trego, KS $ (10mo) $5, (10mo) 160 Acres Lot #27 Nichol PWI Palomino Petroleum SW/4 Sec 21 - T14S-R25W Trego, KS $ (9mo) $1, (9mo) 160 Acres

18 Lot #28 Harold Michaelis Family Trust PWI Palomino Petroleum NW/4 30-T15S- R35W Logan, KS $ (10mo) $9, (10mo) 160 Acres Lot #29 Butterfield #1 & #2 PWI Palomino Petroleum NE/4 Sec 11-T14S-R26W Gove, KS $ (3mo) $3, (3mo) 160 Acres Butterfield #1 & #2 sell together. These wells average over 100+ bopd, and have several pay zones behind pipe (confirmed with DST) Additional drilling locations confirmed w/3d. ORRI Also being sold in Lot #1 Lot #30 Seib #1 ORRI Brehm Asset Management NE/4 of 27-20S-21W Ness, KS $1, (5mo) Lot Removed $ per mo.

19 Lot #31 Seibenlist ORRI Red Oak Energy, Inc. SE/4 30-T17S-R23W Ness, KS $ (9mo) $4.13 per mo. Lot #32 Braun #1 & #2 ORRI Elk Energy Holdings, LLC SE/4 26 & E/2SW/4 25 of T13S-R17W Ellis, KS.03 0 $1, (3mo) $ July, $ Aug, $ Sept $ per mo.

20 Lot #33 ATTENTION: This is a multiple lease lot. All leases will sell together. Hanscom Porter 1 PWI Vess Oil Sec. 10-T18S-R26W Ness, KS $235 per mo. $1,129 per mo. Sherwin Trust 3-10 PWI Vess Oil Sec 10-T18S-R26W Ness, KS $247 per mo. $623 per mo. Walter 1-15 PWI Vess Oil Sec 15-T18S-R26W NE NW NW Ness, KS $166 per mo. $383 per mo. Sherwin Trust 1-10 PWI Vess Oil Sec 10-T18S-R26W SW SW SW Ness, KS $195 per mo. $318 per mo.

21 Harkness-Sherwin 1-9 PWI Vess Oil Sec. 9-T18S-R26W SE SE SE Ness, KS $107 per mo. $337 per mo. Lot #34 Lot Total Income: $1,840 (monthly net average for five leases) ATTENTION: This is a multiple lease lot. All leases will sell together. Fox A-1 PWI Trek AEC, LLC Sec. 6-T31S-R07W SW NW NE Harper, KS $234 per mo. $846 per mo. Lechner A-1 PWI Trek AEC, LLC Sec. 6-T31S-R07W NE NE NW Harper, KS $258 per mo. Lot Total Income: $870 (monthly net average for two leases)

22 Lot #35 Bernbeck A ORRI DaMar Resources, Inc. NE/4 Sec. 30-T16S-R25W Ness, KS $1, (12mo) $ per mo. Seller has an identical interest they may sell. Lot #36 Betz C ORRI Vess Oil Corporation NW/4 Sec. 8-T20S-R24W Ness, KS $ (12mo) $76.37 per mo. Seller has an identical interest they may sell. Lot #37 Boger F-1 (Oil and Gas) ORRI American Warrior, Inc. NE/4 Sec. 13-T27S-R22W Ford, KS $ (12mo) $62.86 per mo. Seller has an identical interest they may sell.

23 Lot #38 Crowell ORRI Trans Pacific Oil Corp. N/2 SW/4; NW/4 Sec. 34-T18S-R24W Ness, KS $1, (12mo) $ per mo. Seller has an identical interest they may sell. Lot #39 Crowell-Miner ORRI Trans Pacific Oil Corp. S/2 S/2 SW/4 SW/4 less R-O-W Sec. 27; N/2 N/2 NW/4 NW/4 less 1 ac tract Sec. 34-T18S-R24W Ness, KS $ (12mo) $62.66 per mo. Seller has an identical interest they may sell. Lot #40 LUANN H ORRI Sandridge Exploration & Production, LLC Sec. 36-T29S-R25W NE NW NW NW Ford, KS Last sales 12/2014

24 Lot #41 WILLIAMS WAYNE 1 PWI McGinness Oil Sec. 8-T27S-R11W NW NW SE Pratt, KS $182 per mo. $589 per mo. Lot #42 SHORE 1-33 PWI Kerr-McGee Sec. 33-T30S-R40W SE SE SE Stanton, KS $55 per mo. $287 per mo. Lot #43 HARDEN GU PWI Claassen Sec. 9-T34S-R25W NW NE SW Clark, KS Lot Removed

25 Lot #44 ATTENTION: This is a multiple lease lot. All leases will sell together. Schinstock 1 PWI Berexco Sec. 16-T24S-R22W SW NW NE NW Hodgeman, KS Schinstock 2 PWI Berexco Sec. 16-T24S-R22W NE NE NW Clark, KS $48 per mo. $119 per mo. Lot Total Income: $119 (monthly net average for two leases) Lot #45 Lewis-Wildgen A ORRI Pickrell Drilling Company, Inc. Lot 1; E/2 NW/4 Sec. 31-T16S-R25W Ness, KS Approx $1, (12mo) $87.70 per mo. Seller has an identical interest they may sell.

26 Lot #46 McClean ORRI Jo-Allyn Oil Corp. NE/4 Sec. 28-T16S-R25W Ness, KS $ (12mo) $69.47 per mo. Seller has an identical interest they may sell. Lot #47 Richard Norton ORRI Trans Pacific Oil Corp. N/2 N/2 Sec 8-t15s-r26w Gove, KS $ (12mo) $54.81 per mo. Seller has an identical interest they may sell. Lot #48 Oliphant ORRI Vess Oil Corporation NE/4 Sec. 11-T23S-R23W Hodgeman, KS $1, (12mo) $98.57 per mo. Seller has an identical interest they may sell.

27 Lot #49 Sutton ORRI Jo-Allyn Oil Corp. NE/4 Sec. 33-T16S-R25W Ness, KS $ (12mo) $79.06 per mo. Seller has an identical interest they may sell. Lot #50 Lease Name Type Operator Location Weatherford Pumpjack Equipment Garden City, KS 2012 model 54, 64, or 76 stroke depending on setup The pumping unit is torn down and ready to transport and seller will pay to have it loaded on the new buyers truck. Lot #51 Debes R ORRI Trans Pacific Oil Corp. W/2 SE/4 Sec. 14-T18S-R24W Ness, KS $ (12mo) $70.45 per mo. Seller has an identical interest they may sell.

28 Lot #52 ATTENTION: This is a multiple lease lot. All leases will sell together. Debes Unit ORRI Trans Pacific Oil Corp. SW/4; E/2 SE/4 Sec. 14-T18S-R24W Ness, KS $ (12mo) $56.45 per mo. Seller has an identical interest they may sell. Debes Unit A ORRI Trans Pacific Oil Corp. SW/4; E/2 SE/4 Sec. 14-T18S-R24W Ness, KS $ (12mo) $36.71 per mo. Seller has an identical interest they may sell. Lot Total Income: $92.32 (monthly average for two leases)

29 Lot #53 Miner-Buena Vista ORRI Trans Pacific Oil Corp. NE/4 Sec. 8-T19S-R24W Ness, KS $1, (12mo) $89.36 per mo. Lot #54 Buena Vista ORRI Trans Pacific Oil Corp. NW/4 Sec. 17-T19S-R24W Ness, KS $ (12mo) $45.87 per mo. Lot #55 C. Shauers ORRI DaMar Resources, Inc. SW/4 Sec. 7-T19S-R24W Ness, KS $ (12mo) $48.90 per mo.

30 Lot #56 Dixon Trust ORRI Palomino Petroleum NE/4 less the S 520 of the SW/4 NE/4 Sec. 20-T17S-R25W Ness, KS $ (12mo) $29.34 per mo. Lot #57 Fanshier-Otte ORRI Pintail Petroleum NW/4; N/2 SW/4 Sec. 21-T19S-R24W Ness, KS $ (12mo) $20.90 per mo. Lot #58 Fritz Trust ORRI H & B Petroleum Corp. S/2 Sec. 8-T18S-R21W Ness, KS $ (12mo) $38.96 per mo.

31 Lot #59 Grimes North ORRI DaMar Resources, Inc. S/2 S/2 SW/4 Sec. 17; E/2 E/2 NE/4 Sec. 19; NW/4 Sec. 20-T22S-R13W Stafford, KS $ (12mo) $16.65 per mo. Lot #60 Hiss-Adams ORRI Trans Pacific Oil Corp. NW/4 Sec. 34-T20S-R13W Barton, KS $ (12mo) $15.87 per mo. Lot #61 Holy Family ORRI Trans Pacific Oil Corp. E/2 NE/4; NW/4 NE/4; NE/4 SW/4 NE/4 Sec. 17-T21S-R13W Stafford, KS $ (12mo) $25.22 per mo.

32 Lot #62 Landis ORRI Trans Pacific Oil Corp. N/2 SW/4; Sec. 5; N/2 SE/4 Sec. 6-T8S-R20W Rooks, KS $ (12mo) $16.10 per mo. Lot #63 McClellan Trust ORRI Free State Petroleum, LLC E/2 Sec. 8-T9S-R19W Rooks, KS $ (12mo) $41.89 per mo. Lot #64 McCoy ORRI Trans Pacific Oil Corp. SW/4 Sec. 8-T19S-R24W Ness, KS $ (12mo) $72.26 per mo.

33 Lot #65 Miller ORRI Trans Pacific Oil Corp. SE/4 Sec. 17-T9S-R19W Rooks, KS $ (12mo) $44.39 per mo. Lot #66 ND/DD ORRI Palomino Petroleum, Inc. N/2 SW/4; S/2 NW/4 ; S/2 SW/4 Sec. 20-T17S-R23W Ness, KS $ (12mo) $44.62 per mo. Lot #67 Parkerson Trust A ORRI Pickrell Drilling Company, Inc. 115 ac tract in NW/4 Sec. 31-T18S-R23W Ness, KS $ (12mo) $17.66 per mo.

34 Lot #68 Pavlu-Davidson ORRI Trans Pacific Oil Corp. NW/4 Sec. 15-T19S-R24W Ness, KS $ (12mo) $76.01 per mo. Lot #69 Penka ORRI Trans Pacific Oil Corp. S/2 N/2 S/2 NW/4; S/2 S/2 NW/4; N/2 N/2 SW/4 Sec. 32-T16S-R13W Barton, KS $ (12mo) $29.19 per mo. Lot #70 Leon County Texas Minerals Nonproducing Mineral Acres Arthur Willis Survey, A-914. Leon, TX 74.5 net mineral acres 50% of 149 total acres

35 Lot #71 Munz ORRI Castle Resources, Inc. NW/4 less tract Sec. 27-T21S-R13W Stafford, KS 160 less tract $ (12mo) $72.81 per mo. Lot #72 Noll Unit ORRI DaMar Resources, Inc. W/2 W/2 NE/4 on Sec. 16-T17W-R24W Ness, KS $ (12mo) $49.44 per mo. Lot #73 Quiring B ORRI Trans Pacific Oil Corp. S/2 SW/4 Sec. 3-T24S-R2E Harvey, KS $ (12mo) $43.05 per mo.

36 Lot #74 Russell B ORRI GLM Company E/2 NW/4 Sec. 15-T19S-R4E Marion, KS $ (12mo) $20.47 per mo. Lot #75 St. Joseph Church ORRI Trans Pacific Oil Corp. SW/4 Sec. 36-T7S-R21W Graham, KS $ (12mo) $16.18 per mo. Lot #76 Walker ORRI Trans Pacific Oil Corp. Sec 33-T18s-R09w SE/4 less 1 ac tract Ness, KS $ (12mo) $43.82 per mo.

37 Lot #77 Webster ORRI Jo-Allyn Oil Corp. SW/4 Sec. 34-T16S-R25W Ness, KS $ (12mo) $10.16 per mo. Lot #78 Westermeyer-Bales ORRI Trans Pacific Oil Corp. SW/4 Sec. 5-T20S-R24W Ness, KS $ (12mo) $29.08 per mo. Lot #79 Wonder-Mud ORRI Mike Kelso Oil SW/4 14-T17S-R21W Ness, KS $3, (6mo) $ per mo.

38 Lot #80 STSI Unit #1-30 ORRI Red Oak Energy, Inc. NW/4 Sec T17S - R33W Scott, KS $ (12mo) 480 Acre Unit (S/2S/2 of Sec.19 & N/2 of Sec.30) $73.33 per mo. Lot #81 Olson B ORRI Veenker Resources, Inc. All Sec. 33-T17S-R25W Ness, KS $1, (12mo) $ per mo. Seller has an identical interest they may sell. Lot #82 Reed ORRI Veenker Resources, Inc. NE/4 SW/4; SW/4 NE/4; SE/4 Sec. 4-T18S- R25W Ness, KS $ (12mo) $49.97 per mo. Seller has an identical interest they may sell.

39 Lot #83 Sidebottom ORRI Veenker Resources, Inc. NE/4 Sec. 20-T17S-R24W Ness, KS $ (12mo) $53.01 per mo. Seller has an identical interest they may sell. Lot #84 Springer B ORRI Griffin Management N/2 3-T33S-R12W Barber, KS Lease has sold 6013 bbl oil from Jan - July 2017 (7mo) $84 per mo. Lot #85 Sneed Mr ORRI Adams Affiliates Sec. 3, Blk B10 EL & RR Sur Moore, TX $64.69 per mo $ Oil $ Gas $ Oil Production through July 2017 Moore Co. Lease No Property No Revenue disbursed by Operator. SALE IS SUBJECT TO ESTATE PROCEEDINGS APPROVAL IN MOORE COUNTY, TEXAS

40 Lot #86 Lynch South ORRI WBD Oil & Gas Sec. 154 Blk 3T Sur T& NO Moore, TX $84.41 per mo $ $ (Through Aug 2017) Moore Co. Lease No Property No Oil Revenue disbursed by Valero Marketing Supply Gas Revenue disbursed by Operator Lease No SALE IS SUBJECT TO ESTATE PROCEEDINGS APPROVAL IN MOORE COUNTY, TEXAS Lot #87 Witherbee #1, #2, #3, #4 ORRI Ponderosa Texas Operating Sec. 36 Blk Z Sur GC&SF Moore, TX $ per mo $1, (Gas & Oil Income) $ (Gas Income only) Moore Co. Lease No Gas Revenue disbursed by DCP Midstream, LP Lease No Oil Revenue Disbursed by Shell Trading. Lease No Funds are currently in suspense pending division order for the estate. Waiting on accurate numbers. SEE RCC PRODUCTION REPORT. SALE IS SUBJECT TO ESTATE PROCEEDINGS APPROVAL IN MOORE COUNTY, TEXAS

41 Lot #88 Masterson Red Cave Unit ORRI Adams Affiliates Sec. 27 Blk PMC Sur EL & RR S/2 & NE/4 Moore, TX $ per mo $8, $3, (Income through Aug/17) Moore Co. Lease No Revenue disbursed by operator. Lease Property # SALE IS SUBJECT TO ESTATE PROCEEDINGS APPROVAL IN MOORE COUNTY, TEXAS Lot #89 Robbie Jo 1, 4, 5, 6, 7 ORRI Mac 5 Operating, LLC Sec. 152, Blk 3T Sur T&NO Moore, TX $ per mo $1, $1, Production through Aug 2017 Moore Co. Lease No Gas Revenue disbursed by DCP Midstream Lease No Oil disbursed by Plains Marketing, LP Lease No SALE IS SUBJECT TO ESTATE PROCEEDINGS APPROVAL IN MOORE COUNTY, TEXAS

42 Lot #90 Thompson 1/41/61 ORRI Adams Affiliates See Comments Moore, TX $ per mo $2, $1, Prod through Aug 2017 Thompson 1: S/2 Sec 1, Blk B-10 EL & RR Sur; Thompson 41: S ac less 12.6 ac Sec. 41, Blk 3, G&M Sur; Thompson 61: N ac of Sec. 61, Blk 0-18 D&P Ry Co. Sur; Moore Co. Lease No Revenue is disbursed by operator - Lease No SALE IS SUBJECT TO ESTATE PROCEEDINGS APPROVAL IN MOORE COUNTY, TEXAS Lot #91 Baker 39 ORRI H&M Resources, LLC Sec. 39 Blk 0-18 Sur D&P Moore, TX $60.25 per mo $ $ (Through Sep 2017) Moore Co. Lease No Revenue Disbursed by Valero Marketing Supply Lease No SALE IS SUBJECT TO ESTATE PROCEEDINGS APPROVAL IN MOORE COUNTY, TEXAS

43 Lot #92 ATTENTION: This is a multiple lease lot. All leases will sell together. Crawford #34 ORRI Adams Affiliates Sec. 34, Blk PMC Sur EL & RR County & State Acres Decimal Interest Income Moore, TX $ $ (Through Aug 2017) Moore Co. Lease No Revenue disbursed by Operator Lease No Crawford #32 ORRI Adams Affiliates SE/4 Sec. 32, Block P MC, EL&RR Ry Co. Sur County & State Acres Decimal Interest Income Moore, TX $ $33.09 Moore Co. Lease No Revenue disbursed by Operator, Lease No Crawford #78 ORRI Leejan Oil Company Sec. 78, Blk 0-18 D&P Sur County & State Acres Decimal Interest Income Potter, TX $ $ 0.00 See RCC Report Property No: Revenue disbursed by: Valero Marketing Oil only, No Gas Rights Robertson ORRI Kodiak Operating Sec. 211, Blk 3T, T&NO Sur County & State Acres Decimal Interest Income Moore, TX JLS Estate $ $0 See RCC Report Revenue disbursed by DCP Midstream Meter #

44 Sneed 3 & 4 Consolidated ORRI Adams Affiliates Part of Sec. 3 & 4 Blk B-10 EL & RR Co. Sur County & State Acres Decimal Interest Income Moore, TX $ $ (through Aug 2017) Moore Co. Lease No Revenue disbursed by operator. Lease Property No Robertson ORRI Kodiak Operating Sec. 211, Blk 3T T&NO Sur County & State Acres Decimal Interest Income Moore, TX MLS Trust $ $0 See RCC Report Moore Co. Lease No Revenue disbursed by: DCP Midstream Meter # Thompson 75 ORRI Adams Affiliates S/2 Sec. 75, Blk O-18 D&P Ry Co. Sur County & State Acres Decimal Interest Income Moore, TX $ $ Production through July 2017 Moore Co. Lease No Revenue disbursed by operator - Lease# This lot is subject to estate proceedings approval in Moore County, Texas Lot Total Income: $ (monthly net average for seven leases)

45 Lot #93 ATTENTION: This is a multiple lease lot. All leases will sell together. Fatzer PWI Petroleum Property NE/4 22-T26S-R17W (160 acre) Edwards, KS $7, (12mo) $7, (12mo) $ per mo. There was a $3000 charge in March when they had to pull tubing/rods but usually averages / month LOE. Mull PWI Petroleum Property SE/ S-17W; NE/ S-17W (320 acre) Edwards, KS $0 (12mo) $ (12mo) $43.46 per mo. Lot Total Income: $ (per month net average for two leases) Lot #94 Lease Name Type County & State Legal Description Z-Bar Ranch Minerals Mineral Acres Barber, KS Z-Bar Ranch Mineral Acres Acres 84 Net Mineral Acres (SW/4 Sec. 15), (S/2 Sec. 16), (E/2 of SW/4 & SE/4 Sec. 20), (N/2 & W/2 of SW/4 & E/2 of SE/4 Sec. 21), (W/2 & SE/4 Sec. 22), (W/2 of SW/4 Sec. 23), NW/4 Sec. 27), (E/2 of NE/4 Sec. 28): All in Township 33 South, Range 15 West These undivided minerals are located on 2000 acres of the Z-Bar Ranch in Barber County, Kansas. The acreage lies over the heart of the Platt Oil and Gas Field and the western edge of the Aetna Gas Area. This area was first discovered in 1935 and has had much activity over the years with the latest wells in the area drilled in In 2011 and 2012, Osage Resources, LLC drilled two horizontals adjacent the western edge of the royalty acreage. There is one temporarily abandon well on the acreage that produces from the Drum Limestone. The main production in the area is from the Mississippian formation. Other productive zones in the area are the Viola, Marmaton, Cherokee, and Chattanooga.

46 Lot #95 Marple Operated Lease P&R Oilfield Services Sec 24 T27S R16E, SE/4 County & State GWI NRI Crude Purchaser Acres Wilson, KS 100%.8125 Plains Marketing 80 ATTENTION: This is a multiple lease lot. All leases will sell together. Squirrel producing formation. Long string cemented in not perfed or completed. Drilled new well cement 2 7/8 casing not perfed Thorsell Operated Lease P&R Oilfield Services S19 T27S R17E SW, SW, NW, SW County & State GWI NRI Crude Purchaser Acres Wilson, KS 100%.875 Plains Marketing 160 Good drilling project. Needs water flood. Averaging 1/3bbl per day..83bbl averaged over 33 years. Lot #96 Lot Total Income: $ (per month net average for two leases) Lot #97 CO2 Project PWI Murfin Drilling Company Sec. 28 T14S R13W Russell, KS (AVAD) (Vendera) (AVAD) (Vendera) $19.56 Financial data from August and September 2017

47 Lot #98 SLAGLE #1-31 PWI MV Purchasing S31 T20S R25W Ness, KS (AVAD) (Vendera) Financial data from August and September (AVAD) (Vendera) $11.79 (2 mo) Lot #99 CO2 Project PWI MV Purchasing S28 T14S R13W Ness, KS (AVAD) (Vendera) (AVAD) (Vendera) $63.18 (2 mo) Lot #100 Lang ORRI Meridian Energy, Inc. W/2 NE/4; N/2 SE/4 S20-T13S-R20W Ellis, KS $ (12mo) $36.33 per mo.

48 Lot #101 Schumacher ORRI Cla-Mar Oil Company W/2 S21-T13S-R20W Ellis, KS $ (12mo) $11.18 per mo. Lot #102 Habiger 18-1 ORRI Strata-Kan Exploration, LLC S/2 N/2 S18-T18s-R9w Rice, KS $2, (4mo) Additional Well to be drilled 1st Quarter $ per mo. Habiger 18-1 carries high producing fluid level and virtually no depletion. Produces from Arbuckle Dolomite Lot #103 Habiger Carter Unit 18-1 ORRI Strata-Kan Exploration, LLC SW/4 S18-T18s-R9w Rice, KS $3, (4mo) Habiger Carter Unit is pumped off and is 90% Oil. Produces from Arbuckle Dolomite. $ per mo.

49 Lot #104 Moore ORRI Richland Oil Investments, LLC. SW/4 S22 T12S-R33W Logan, KS $3, (4mo) Operator reports potential behind pipe. $ per mo. Lot #105 Bob Smith Barnett Package RI Trinity River Energy, LLC G.W Maltsberger Survey, Abstract 934 Denton, TX 1.1 Net Mineral Acres $34.78 per mo. 86% Gas, 14% NGL Income: Feb 17 - $37.42 Barnett Shale formation. 1 horizontal producing well. Mar 17 - $31.85 Additional information packet available online. Apr 17 - $34.49 May 17 - $34.62 Jun 17 - $35.51 Lot #106 Bell Edgemont 1 ORRI Three Forks Resources, LLC S28 T36N R64W SW NE Niobrara, WY Additional information packet available online. Lot Removed $ per mo.

50 Lot #107 Thomas Wilcox Sand Package RI Territory Resources, LLC SW/4 Sec. 15 T25N R2W Kay, OK $ (3mo) 2 producing wells $73.03 per mo. Additional information packet available online. Lot #108 Lease Name Type Operator Location Arrow C-66 Engine Equipment 2012 model Low hours, very good condition with electric starter. Pictures available on website. Lot #109 Cottonwood PWI Pickrell Drilling Company, LLC SW/4 Sec.4-21S-25W Hodgeman, KS 0.5 $11, (12mo) $17, (12mo) $ per mo.

51 Lot #110 ATTENTION: This is a multiple lease lot. All leases will sell together. Hartman PWI Hummon W/2 SW/4, Sec 19,and N/2 NW/4 Sec.30, T32S, R3W Sumner, KS $10, (12mo) $12, (12mo) $ per mo. Pride PWI Hummon NE/4, Sec7 and NW/4 Sec8, T29S, R12W Pratt, KS $ (12mo) Lot Removed Wegener PWI Hummon NW/4, Sec29, T2S, R24W -$42.25 per mo. Norton, KS $6,189.3 (12mo) $4, (12mo) -$ per mo. Schoen PWI Hummon NW SW NW Sec24, T3S, R24W Norton, KS $4, (12mo) $5, (12mo) $ per mo. Lot Total Income: $ (per month net average for four leases)

52 Lot #111 ATTENTION: This is a multiple lease lot. All leases will sell together. Mozart 15 #2 PWI ICA Energy Section 15, Block 44, T-2-S, T&P Survey Ector, TX (AVAD), (Vendera) (AVAD), (Vendera) $ (3mo) $5.42 (3mo) $1.80 per mo. Parker Ranchland SWD PWI ICA Energy Ector, TX (AVAD), (Vendera) (AVAD), (Vendera) $6.19 (3mo) $ $ per mo. Lot #112 Lot Total Income: $1.80 (per month net average for two leases) ATTENTION: This is a multiple lease lot. All leases will sell together. SHINOGLE 24-1, SHINOGLE 24-2 PWI Oolite Energy Corp. Sec. 24, T33S, R30W Meade, KS (AVAD) (Vendera), (AVAD) (Vendera) (AVAD) (Vendera), (AVAD) (Vendera) $ (2mo) $ (2mo) SHINOGLE 24-3A PWI Oolite Energy Corp. Sec. 24, T33S, R30W $ per mo. Meade, KS (AVAD) (Vendera) (AVAD) (Vendera) $19.15 (2mo) $ 5.11 (2mo) $2.56 per mo. Lot Total Income: $ (per month net average for two leases)

53 Lot #113 ATTENTION: This is a multiple lease lot. All leases will sell together. Olver #1 PWI Trio Consulting & Management Sec. 23, T6S, R6W Jefferson, OK (AVAD) (Vendera) (AVAD) (Vendera) $14.55 (2mo) $ $ per mo. Rash Barrett 24-1, Rash Barrett A 24-1 No. 1, 3,4,5,6 PWI Trio Consulting & Management Sec. 24, T6S, R6W Jefferson, OK (AVAD) (Vendera) (AVAD) (Vendera), (AVAD) (Vendera) $ (2mo) $ $ per mo. Lot #114 Lot Total Income: $ (per month net average for two leases) SLAGE #2-31 PWI Vess Oil Corporation Sec. 31, T20S, R25W Ness, KS (AVAD) (Vendera) (AVAD) (Vendera) $18.20 (2mo) $ $ per mo.

54 Lot #115 Shelton Davis Sand Package RI Bend Petroleum Corp. See info packet online pg 17 Grayson, TX $ (5mo) Additional information packet available online. $41.84 per mo. Lot #116 ATTENTION: This is a multiple lease lot. All leases will sell together. Ball #1-26 PWI Oil Producers T32S,R32W,Sec26 E2 NE SE Seward, KS $3, (12mo) $ (12mo) Birney PWI Oil Producers T32S, R32W, Sec 25 NE NE SW Seward, KS $ (12mo) $1, (12mo) Birney Irwin 1-30 PWI Oil Producers T32S, R31W, Sec30 E2 SE NW Seward, KS $2, (12mo) $ (12mo) Brecheisen 1-9 PWI Oil Producers T35S, R38W, Sec 9 SW Stevens, KS $997.5 (12mo) $2, (12mo) Dudrey PWI Oil Producers T33S, R31W, Sec 7 Seward, KS $57.56 (12mo)

55 Dudrey 2 PWI Oil Producers T33S, R31W, Sec 7 SE NW SE Seward, KS $ (12mo) Carlile 4-26 PWI Oil Producers T32S, R33W, Sec 26 NE NW SW Seward, KS $3, (12mo) $4, (12mo) Chalfant PWI Oil Producers T28S, R21W, Sec 36 C NE Ford, KS $ (12mo) Durkee PWI Oil Producers T28S, R20W,Sec 31 Kiowa, KS $1, (12mo) $2, (12mo) Eaton PWI Oil Producers T33S, R31 W, Sec 27 C NW SE Seward, KS $ (12mo) Edmonston PWI Oil Producers T33S, R21W, Sec 3 E2 Clark, KS 0.1 $1, (12mo) $2, (12mo) Garten PWI Oil Producers T34S, R14W, Sec 36 W2 SE SW Barber, KS $1, (12mo) $1, (12mo)

56 Hager PWI Oil Producers T24S, R16W, Sec 18 C N2 NE Edwards, KS $698.7 (12mo) $ (12mo) Frick A #1 PWI Oil Producers T23S, R16W, Sec 6, S2 SE SW Pawnee, KS $593.9 (12mo) $726.9 (12mo) Hearn 1 PWI Oil Producers T23S, R15W, Sec 35 NE SW NE Pawnee, KS $ (12mo) $ (12mo) Hearn 3 PWI Oil Producers T23S, R15W, Sec 35 NE SE Pawnee, KS Irwin PWI Oil Producers T32S, R32W, Sec 25 C SE SE Pawnee, KS $1, (12mo) $1, (12mo) Jones PWI Oil Producers T27S, R21W, Sec 32 C S2 NE Ford, KS $2, (12mo) $2,711.3 (12mo) Kane Baughman PWI Oil Producers T32S, R33W, Sec 24 C NE SW Seward, KS $4, (12mo) $3, (12mo)

57 Langhofer (w/ Eaton) PWI Oil Producers T33S, R31W, Sec 27 Seward, KS $ (12mo) Massoni 1-31 PWI Oil Producers T32S, R31W, Sec 31 SW Seward, KS $2, (12mo) $ (12mo) Massoni 2-31 PWI Oil Producers T32S, R31W, Sec 31 SE NW NW Seward, KS $3,483.6 (12mo) $1, (12mo) M.J. Smith #1 and #2 PWI Oil Producers T22S, R32W, Sec 35 Finney, KS Olds Roehr #2-1 PWI Oil Producers T33S, R32W, Sec 1 Seward, KS $1, (12mo) $1, (12mo) Ormiston 1 PWI Oil Producers T33S, R31W, Sec 24 C NW NE Seward, KS $2, (12mo) $2, (12mo) PamarMiller A Unitl PWI Oil Producers T28S, R20W, Sec 31 C S W Kiowa, KS $ (12mo) $ (12mo)

58 Price 1 PWI Oil Producers T28S, R21 W, Sec 25 NW NW SE NW Ford, KS $2, (12mo) $1, (12mo) Price 2 PWI Oil Producers T28S, R21 W, Sec 25 NW NW SE NW Ford, KS Ramsey PWI Oil Producers T28, R21 W, Sec 36 C NE SW Ford, KS $1, (12mo) $1, (12mo) Reiss A#l PWI Oil Producers T32S, R32W, Sec 24 C NE SW Seward, KS $1, (12mo) Schartz 1 PWI Oil Producers T23S, R16W, Sec 8 C NE SE Pawnee, KS $1, (12mo) $1, (12mo) Schartz 2 PWI Oil Producers T23S, R16W, Sec 5 NW NW SE Pawnee, KS $1, (12mo) $1, (12mo) Schartz B-1 PWI Oil Producers T23S, R16W, Sec 6 C NE SE Pawnee, KS

59 Schartz B-2 PWI Oil Producers T23S, R16W, Sec 5 C N2SW Pawnee, KS Sims 1-36 PWI Oil Producers T23S, R16W, Sec 5 NW NW SE Seward, KS $1, (12mo) $ (12mo) This lot contains 41 partial working interests

60

61 Buyers Agreement to Purchase Properties In consideration of the mutual promises contained herein and other valuable consideration, the receipt 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 based upon representations made by the seller of oil and gas properties and that Mid-Continent Energy Exchange, LLC cannot guarantee the completeness, timeliness or accuracy of the information provided by the Seller. No information provided by Mid-Continent Energy Exchange, LLC or contained on its website or any other communication constitutes investment advice. Any decisions based upon the information provided by Mid-Continent Energy Exchange, LLC shall be considered with this in mind and the 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 sale method, a Seller may offer properties for sale with or without a minimum reserve sales price. Buyer can make bids or offers on the property for sale. The Buyer with the highest bid or offer at the ending time and whose bid or offer meets the minimum sales price (if any) or the Buyer whose bid or offer is accepted by Seller, will be obligated to purchase the property for that price. Buyer agrees to participate as a bidder in the sale process for the sale of oil and gas properties and any negotiations following the sale process. BUYERS REPRESENTATIONS, AGREEMENTS, WARRANTIES AND ASSURANCES: Buyer agrees that properties for sale through Mid-Continent Energy Exchange, LLC are not intended or considered to be securities under the Securities Act of 1933, the Securities Exchange Act of 1934 and all applicable state securities laws. Buyer hereby acknowledges and agrees that any sale of oil and gas royalties through Mid-Continent Energy Exchange, LLC is the process of putting a willing Seller in contact with a willing Buyer to facilitate the purchase of oil and gas properties. Buyer represents that he is a sophisticated, accredited and qualified investor. Buyer represents, by executing this agreement, that a Buyer is (a) primarily engaged in the business of exploring for or producing oil or gas or other minerals as an 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 form an opinion based upon Buyer s knowledge and experience and not upon any statement, representation or printed material provided by Mid-Continent Energy Exchange, LLC or its representative; (c) the Buyer is of legal age, has sufficient financial resources in order to bear the risk of loss attached to the purchase of any property that Buyer bids upon; (d) Buyer has an annual income of $200, for any natural person in each of the two most recent years or joint income with the persons spouse of not less than $300, in each of those years and has a reasonable expectation of reaching the same income level in the current year or Buyer has a net worth or a joint net worth with that persons spouse, at the time of his purchase exceeding $1,000, or Buyer is a business entity with total assets in excess of $5,000,000.00, as shown by the business s most recent prepared financial statements and has sufficient knowledge and experience in business and financial matters to evaluate the merits and risks of the acquisition of oil and gas property. Buyer has a continuing duty to notify Mid-Continent Energy Exchange, LLC if Buyer subsequently fails to qualify as a sophisticated, qualified and accredited investor. Buyer agrees to indemnify and hold Mid-Continent Energy Exchange, LLC harmless from any and all violations of applicable securities laws that result from any misrepresentation of the Buyer being a sophisticated, qualified and accredited investor. Bid Online at MCEEOnline.com For latest lot information visit mceeauction.com

62 BUYER S DUE DILEGENCE AND INDEPENDENT EVALUATION: Buyer hereby acknowledges and agrees that it has the sole responsibility to examine all information concerning ownership and production of the properties placed for sale through Mid-Continent Energy Exchange, LLC. Further, Buyer acknowledges and agrees that if it requires additional information concerning said properties, Buyer must contact Mid-Continent Energy Exchange, LLC or the Seller to obtain requested information prior to the beginning date of the sale process. If Buyer makes a bid or offer on any property after making a request for additional information, Buyer waives the performance of that request. Buyer further agrees that it will make an independent evaluation of the property and acknowledges that the Seller and Mid-Continent Energy Exchange, LLC have made no statements or representations concerning the present or future value or the future income, costs or profits, if any, to be derived from the property. Buyer acknowledges in that making a bid or offer in the sale process that Buyer has relied solely on its independent examination of the premises and public records and that Buyer s bids and offers are based solely on Buyer s independent inspections, estimates, computations, evaluations, reports, studies and knowledge of the properties. Any and all information provided by Seller or Mid-Continent Energy Exchange, LLC in the property information sheet or data packages, as well as any other information provided by Seller or MidContinent Energy Exchange, LLC, are furnished to Buyer at Buyer s sole risk. Seller and Mid-Continent Energy Exchange, LLC do not warrant or represent as to the accuracy or completeness of the data presented 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-Continent Energy Exchange, LLC. CONTRACT COMPLIANCE: Buyer hereby agrees to comply with all applicable joint operating agreements, unitization agreements, communication agreements and other agreements that pertain to the ownership of the subject properties. Buyer is fully responsible to obtain waivers of uniform maintenance under joint operating agreements, if needed, and agrees to indemnify and hold MidContinent Energy Exchange, LLC, and Seller harmless, if the same are not obtained by Buyer, or waived by a third party. LESSER INTEREST: If Buyer discovers that the properties conveyed by Seller are of lesser interest than what is represented on the property information sheet and associated data, or any modifications or changes thereto, Buyer shall send notification to Seller within 60 days from the date of sale which describes the difference in interest accompanied by adequate proof of said lesser interest. Buyer agrees that within 30 days following the receipt of the notification, Seller will at Seller s option and by written notice to Buyer, (a) refund a pro-rata share of the purchase price based on the amount of the interest loss compared to the total price paid for the full represented interest; or (b) Cure the defect that is attributable to 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 and delivery of the assignment from Buyer to Seller. Mid-Continent Energy Exchange, LLC shall be entitled to retain commission paid or payable by Seller and in 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 offers may be subject to gas imbalances pursuant to gas balancing agreements between working interest parties or in the absence of agreements between the working interest parties and the unit. All properties shall be sold without warranty on an as is, where is basis. No adjustment in the purchase price shall be made as a result of an inaccuracy in the estimated gas imbalance amount disclosed by Seller. Seller shall provide information it believes accurate to the status of gas imbalances for the offered properties, but neither Seller nor Mid-Continent Energy Exchange, LLC makes any representations or warranties as to the accuracy of said information. Bid Online at MCEEOnline.com For latest lot information visit mceeauction.com

63 ENVIRONMENTAL LIABILITIES: Buyer hereby acknowledges and agrees that after the date of this assignment it is responsible for any and all losses attributable to any and all environmental events or impacts, including without limitation, damage to property, injury or death of persons or things, natural resource damage, environmental remediation and restoration, costs, fines, or penalties arising out of or attributable to the ownership, condition or operation of the properties purchased by Buyer. ROYALTY, OVERRIDING ROYALTY, WORKING INTEREST, CONTRACTUAL LIABILITIES AND OPERATION LIABILITIES: Buyer agrees and acknowledges that any and all liabilities relating to obligations to pay royalties, contractual obligations under oil and gas leases, joint operating agreements and liabilities associated with the ownership, condition and operation of the subject properties become the Buyers liability from the effective date of assignment. Seller shall be liable for its period of ownership prior to the effective date of assignment of the property. NO WARRANTIES (EXPRESS OR IMPLIED): Buyer acknowledges and agrees that it is acquiring the properties, 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-Continent Energy Exchange, LLC, makes any representation or warranty whatsoever as to the physical condition of the property nor any statements or representation concerning the present or future value of the anticipated income, cost, or profits, if any, to be derived from the property. Buyer acknowledges and agrees 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 all information concerning title to the property and to conduct its own independent evaluation to ascertain title to the properties and satisfy itself that the title is marketable, defensible or acceptable. Buyer acknowledges and agrees that it will indemnify and hold Seller and Mid-Continent Energy Exchange, LLC harmless as to the accuracy of any documents of title to the properties. Buyer further acknowledges and agrees that neither Seller nor Mid-Continent Energy Exchange, LLC warrants title, either express or implied, 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 funds required to purchase the property to the designated escrow bank as determined by Mid-Continent Energy Exchange, LLC by either wire transfer, next day delivery or overnight mail, by certified check or preapproved check from Mid-Continent Energy Exchange, LLC, or hand courier delivery service to the designated closing office, all within 48 hours of notification. Buyer agrees that all funds will be held in escrow until Seller provides all executed documents of conveyance to Buyer. BUYERS DEFAULT: Buyer acknowledges and agrees that if it defaults for any reason, Mid-Continent Energy Exchange, LLC and Seller shall have all remedies available to them by Kansas law, including specific 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 be governed and interpreted in accordance with the laws of the state of Kansas and that proper venue for any 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 this agreement shall be in writing and mailed to the Buyer at the address appearing above, or to MidContinent Energy Exchange, LLC at the address appearing above. Bid Online at MCEEOnline.com For latest lot information visit mceeauction.com

64 Bid Online at MCEEOnline.com For latest lot information visit mceeauction.com