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DIMMIT TX - EAGLEFORD Producing Royalties

10 Producing Royalty Interest Wells

Located in DIMMIT (TX)

2601 Network Boulevard ~ Suite 404 ~ Frisco, Texas 75034

Phone: (866) 454-6107 | Fax: (214) 975-2526 | Email: [email protected]

WWW.OAKTREEMINERALS.COM


Property Summary

The assets in this package are located in the Buda formation and the Eagle Ford Shale withinDimmit County, Texas.The Eagle Ford needs little introduction, being the largest oil and gasdevelopment in the world based on capital invested. The formation has redefined South Texasas a hotspot in the oil and gas industry with the formation supporting 116,000 local jobs andcontributing $60 billion to the local economy. Dimmit County has been one of the most activecounties in the United States in terms of oil and gas development recently. The past 6 monthshave seen 135 new permits filed, 31 of which were filed by the operator of the assets in thispackage, SN Energy. The vast majority of the development in the area concerns drilling newwells in the Eagle Ford, which has continued at a rapid pace: there are 10 rigs active in thecounty currently, most of any county in the region.

• 10 Producing Wells

• 10 Horizontal

• Royalty Interest

Package Details

• DIMMIT (TX)

• Formation(s)

• 61.68% - Oil

• $78.49 Per Month

• Cash Flow Represents 15.00% of Check Statements

• 0 Vertical

Location

• EAGLEFORD

Production Breakdown

• 15.53% - Gas

• 22.79% - NGL

Cash Flow

• SN EF MAVERICK, LLC

Operator(s)

Package Contents


Check Revenue Statement

Check Statements

Maps

Production Graph

Source Assignments

Operator Apr-2019 May-2019 Jun-2019



Average

Check Statement Months

SN EF MAVERICK LLC $73.95 $82.13 $79.39 $78.49

* Cash flow reflects the sale of 15.00% of the assets shown on the check statements paid by

SN EF MAVERICK LLC in this package.

$73.95 $82.13 $79.39 $78.49Package Totals:

* Note: Blank boxes indicate no revenue data available for that month

Check Statements


Maps


7/12/2019 benDefault

https://app.drillinginfo.com/production/#/workspaces/21291adb-03d4-4829-5a16-de513dd025e4 1/1

Production Graph


Summary page selections(Monthly Production)

Liquid (bbls): Current Cum: 621,874 Total: 621,874Gas (MCF): Current Cum: 3,411,571 Total: 3,411,571

Liquid (bbls) Gas (MCF) Wells

Date

Jan 1

9

Jan 1

8

Jan 1

7

Jan 1

6

Liq

uid

(B

bls

)

100

500

1,000

5,000

10,000

50,000

100,000

Ga

s (MC

F)

1,000

5,000

10,000

50,000

100,000

500,000

1,000,000

We

ll Co

unt

0 1

5

10

50

100

500

1,000

© 2019 Drillinginfo

Source Assignments


,I

fNST NO.50884BLED fOR RECORD

DIMMIT COllt'JTY, TEXASAug 12, 2019 at 03:56:00 PM

OIL, GAS, MINERAL AND ROYALTY CONVEYANCE

For valuable consideration, the receipt of which is acknowledged, James Steven Stewart, whose address is8083 Cottonwood Trail, Gilmer, TX 75645 (hereinafter referred to as "Grantor"), does hereby bargain, sell,transfer, assign, and convey 100.0000% of Grantor's interests in all oil, gas, mineral, royalty, overridingroyalty, net profits, and other similar interests in the lands of Dimmit County, TX as described in Exhibit"A" unto the following Grantee(s), its/their successors and assigns:

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Oak Tree Minerals, LLC2601 Network Blvd. Suite 404Frisco, TX 75034 o

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This conveyance is effective as of August 1, 2019 and includes all executive rights, bonuses, and delayrentals applicable to Grantor's interest conveyed herein.Grantor agrees to pay any ad valorem taxes due on the interests herein conveyed prior to effective date. Allad valorem taxes attributable to the interests herein conveyed for after the effective date are theresponsibility of Grantee(s), its/their successors or assigns.Grantor warrants and agrees to defend the title to the interest herein conveyed against the lawful claims anddemands of all parties claiming or to claim the same, or any part thereof, by, through or under Grantor, butnot otherwise.

James Steven Stewart

PG

State of T~'(C\s. § BY:24?71~ ~.cF1:;u4(>: § James Steven Stewart

County of Dye.~5 § Owner

This instrument was acknowledged before me on =:l'\.A..\':1\Stewart.

(_ \. ,20~ by James Steven

o34-4

eKIMBE~~~.De.QRAs8E Notary Signature?~ D~NoIery Public: iF G

Myc:::,~e;.~ZI2021_ Notary Name: ~\ 'M~r\'-l \:)J<_~ Ya..SS~

(notary seal here) _ \ , .My Commission Expires: crz.J \"'LI'l,Cf2J

\ \

Return To:OAK TREE MINERALS, LLC.2601 Network Boulevard, Suite 404Frisco, TX 75034

Prepared By:Derik J. ToddOak Tree Minerals, LLC.

ID: 1128 Page 1 of 2

..

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EXHIBIT "A"Legal Description10 acres more or less being Farm Tract 2041, Block 15 out of the Denton Colong Subdivision in DimmitCounty Texas and being more fully described in that certain Deed dated February 13, 1911 from RP Ingrumas Trustee to WD Greed, filed of record in Volume 18, Page 334, Deed records of Dimmit County, Texas

o64o

END OF EXHIBIT "A"

Return To:OAK TREE MINERALS, LLC.2601 Network Boulevard, Suite 404Frisco, TX 75034

Prepared By:Derik J. ToddOak Tree Minerals, LLC.

PG

o34-~J

ID: 1128

50884MARIO Z. GARCiACOUi\ITY CLERK

2019 Aug 12 at 03:56 PM

~~li}~Page 2 of 2

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