marion tx - cotton valley producing...

MARION TX - COTTON VALLEY Producing Royalties

4 Producing Royalty Interest Wells

Located in MARION (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 Cotton Valley formation within Marion County,Texas.The Cotton Valley is a tight gas play in Northeast Texas and Northwest Louisiana, locatedstratigraphically just above the Haynesville/Bossier Shale. Consisting of sandstone, limestone,and shale, the Cotton Valley is typically 7,800 to 10,000 feet in depth.

• 4 Producing Wells

• 4 Horizontal

• Royalty Interest

Package Details

• MARION (TX)

• Formation(s)

• 29.65% - Oil

• $49.68 Per Month

• Cash Flow Represents 50.00% of Check Statements

• 0 Vertical

Location

• COTTON VALLEY

Production Breakdown

• 53.33% - Gas

• 17.02% - NGL

Cash Flow

• RFE OPERATING, LLC

Operator(s)

Package Contents


Check Revenue Statement

Check Statements

Maps

Production Graph

Source Assignments

Operator Jul-2019 Aug-2019 Sep-2019 Oct-2019



Average

Production Months

RFE OPERATING, LLC $57.74 $33.75 $46.54 $60.70 $49.68

* Cash flow reflects the sale of 50.00% of the assets shown on the check statements paid by

RFE OPERATING, LLC in this package.

$57.74 $33.75 $46.54 $60.70 $49.68Package Totals:

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

Check Statements


RFE Operating, LLC17521 US Hwy 69 SSte 100Tyler, TX 75703(903)730-6080

ACH Payment

AMERICANA FOUNDATION28115 MEADOWBROOK RDNOVI, MI 48377

Account: AME170

From: RFE Operating, LLC For Checks Dated 12/11/2019To: AMERICANA FOUNDATION Account: AME170 Page 1

Prd Date Prod Price Per Volume/Share Description Property Amt Your Share Property: (WL2003) Littleton Lake #1H County: MARION, TXAPI: 42-315-3092810/2019 GAS $/MCF:3.76 1,639.14 /5.84 Gas Sales: 6,165.50 21.97

Ovr NRI: 0.00356300 Gas Production Tax: 602.06- 2.16-103119 Waskom Plant Allocation Gas Marketing Charge: 1,232.42- 4.55-

Net Income: 4,331.02 15.26 Property: (WL2003) Littleton Lake #1H County: MARION, TXAPI: 42-315-3092810/2019 NGL $/BBL:26.07 45.23 /0.16 NGL Sales: 1,179.19 4.20

Ovr NRI: 0.00356300 Net Income: 1,179.19 4.20 103119 Waskom Plant Allocation

Property: (WL2003) Littleton Lake #1H County: MARION, TXAPI: 42-315-3092810/2019 OIL $/BBL:52.96 154.53 /0.55 Oil Sales: 8,183.20 29.16

Ovr NRI: 0.00356300 Oil Production Tax: 373.73- 1.34-Net Income: 7,809.47 27.82

Property: (WL2004) Clear Lake #1H County: MARION, TXAPI: 42-315-3095110/2019 GAS $/MCF:3.07 5,046.93 /13.18 Gas Sales: 15,494.95 40.47

Ovr NRI: 0.00261173 Gas Production Tax: 1,145.77- 2.99-103119 Waskom Plant Allocation Gas Marketing Charge: 2,239.85- 5.97-

Net Income: 12,109.33 31.51 Property: (WL2004) Clear Lake #1H County: MARION, TXAPI: 42-315-3095110/2019 NGL $/BBL:26.07 73.09 /0.19 NGL Sales: 1,905.23 4.98


Property: (WL2004) Clear Lake #1H County: MARION, TXAPI: 42-315-3095110/2019 OIL $/BBL:52.96 185.42 /0.48 Oil Sales: 9,818.99 25.64


Property: (WL2009) L S Walker Heirs #1H County: MARION, TXAPI: 42-315-3095810/2019 GAS $/MCF:3.00 29.18 /0.07 Gas Sales: 87.68 0.22

Ovr NRI: 0.00249864 Gas Production Tax: 6.62- 0.02-103119 Waskom Plant Allocation Gas Marketing Charge: 11.05- 0.03-

Net Income: 70.01 0.17 Property: (WL2009) L S Walker Heirs #1H County: MARION, TXAPI: 42-315-3095810/2019 NGL $/BBL:26.21 0.42 /0.00 NGL Sales: 11.01 0.03

Ovr NRI: 0.00249864 Net Income: 11.01 0.03 103119 Waskom Plant Allocation

Property: (WL2010) R Hasty #1H County: MARION, TXAPI: 42-315-3096210/2019 GAS $/MCF:3.83 4,606.75 /2.21 Gas Sales: 17,626.86 8.48


Net Income: 14,264.19 6.84 Property: (WL2010) R Hasty #1H County: MARION, TXAPI: 42-315-3096210/2019 NGL $/BBL:26.07 135.48 /0.07 NGL Sales: 3,531.84 1.70


Property: (WL2010) R Hasty #1H County: MARION, TXAPI: 42-315-3096210/2019 OIL $/BBL:52.96 181.77 /0.09 Oil Sales: 9,625.70 4.63


Amount to be transferred to your account (xxxxx)For Inquiries about your account, please call Owner#: Check#/Date Gross Revenue: Working Royalty Deductions Withholding Pmt AmountAME170 E000000308 Check Totals: 141.48 20.09 121.39

12/11/2019 2019 Totals: 999.36 226.32 773.04


ACH Payment


Account: AME170




Net Income: 3,278.85 11.38 Property: (WL2003) Littleton Lake #1H County: MARION, TXAPI: 42-315-3092809/2019 GAS $/MCF:1.90 3,417.71 /12.18 Gas Sales: 6,492.34 23.13




Property: (WL2003) Littleton Lake #1H County: MARION, TXAPI: 42-315-3092809/2019 NGL $/BBL:23.17 65.88 /0.23 NGL Sales: 1,526.54 5.44




Net Income: 5,755.61 14.86 Property: (WL2004) Clear Lake #1H County: MARION, TXAPI: 42-315-3095109/2019 GAS $/MCF:1.93 5,517.94 /14.41 Gas Sales: 10,634.70 27.77




Property: (WL2004) Clear Lake #1H County: MARION, TXAPI: 42-315-3095109/2019 NGL $/BBL:23.17 88.12 /0.23 NGL Sales: 2,042.07 5.33


Property: (WL2004) Clear Lake #1H County: MARION, TXAPI: 42-315-3095109/2019 OIL /0.00 Oil Sales: 150.00- 0.39-

Ovr NRI: 0.00261173 Net Income: 150.00- 0.39-Property: (WL2009) L S Walker Heirs #1H County: MARION, TXAPI: 42-315-3095808/2019 GAS $/MCF:2.26 1,034.21 /2.58 Gas Sales: 2,333.47 5.83

Ovr NRI: 0.00249864 Gas Production Tax: 136.99- 0.34-083119 Waskom Plant Allocation Gas Marketing Charge: 775.01- 1.99-

Net Income: 1,421.47 3.50 Property: (WL2009) L S Walker Heirs #1H County: MARION, TXAPI: 42-315-3095809/2019 GAS $/MCF:1.89 13,665.06 /34.14 Gas Sales: 25,823.55 64.52

Ovr NRI: 0.00249864 Gas Production Tax: 1,308.64- 3.27-093019 Waskom Plant Allocation Gas Marketing Charge: 7,169.09- 18.43-

Net Income: 17,345.82 42.82 Property: (WL2009) L S Walker Heirs #1H County: MARION, TXAPI: 42-315-30958


Prd Date Prod Price Per Volume/Share Description Property Amt Your Share Property: (WL2009) L S Walker Heirs #1H (Continued)API: 42-315-3095808/2019 NGL $/BBL:19.51 25.02 /0.06 NGL Sales: 488.14 1.22

Ovr NRI: 0.00249864 Net Income: 488.14 1.22 083119 Waskom Plant Allocation

Property: (WL2009) L S Walker Heirs #1H County: MARION, TXAPI: 42-315-3095809/2019 NGL $/BBL:23.17 218.23 /0.55 NGL Sales: 5,057.16 12.64




Net Income: 11,215.57 5.36 Property: (WL2010) R Hasty #1H County: MARION, TXAPI: 42-315-3096209/2019 GAS $/MCF:1.98 8,894.56 /4.28 Gas Sales: 17,602.18 8.46

Ovr NRI: 0.00048081 Gas Production Tax: 5.71- 0.00 093019 Waskom Plant Allocation Gas Marketing Charge: 5,661.87- 2.75-



Property: (WL2010) R Hasty #1H County: MARION, TXAPI: 42-315-3096209/2019 NGL $/BBL:23.17 212.88 /0.10 NGL Sales: 4,933.17 2.37




Amount to be transferred to your account (xxxxx)

For Inquiries about your account, please call Owner#: Check#/Date Gross Revenue: Working Royalty Deductions Withholding Pmt AmountAME170 E000000264 Check Totals: 229.83 68.93 160.90

11/21/2019 2019 Totals: 857.88 206.23 651.65


ACH Payment


Account: AME170






Property: (WL2003) Littleton Lake #1H County: MARION, TXAPI: 42-315-3092807/2019 OIL $/BBL:55.89 136.43 /0.49 Oil Sales: 7,624.48 27.17






Property: (WL2004) Clear Lake #1H County: MARION, TXAPI: 42-315-3095107/2019 OIL $/BBL:55.07 183.44 /0.48 Oil Sales: 10,101.65 26.38



Ovr NRI: 0.00048081 Gas Production Tax: 6.00- 0.00 073119 Waskom Plant Allocation Gas Marketing Charge: 6,020.67- 2.93-





Amount to be transferred to your account (xxxxx)

For Inquiries about your account, please call Owner#: Check#/Date Gross Revenue: Working Royalty Deductions Withholding Pmt AmountAME170 E000000189 Check Totals: 143.33 27.85 115.48

09/11/2019 2019 Totals: 628.05 137.30 490.75

Maps


Production Graph


Summary page selections(Monthly Production)

Liquid (bbls): Current Cum: 92,533 Total: 92,533Gas (MCF): Current Cum: 6,210,015 Total: 6,210,015

Liquid (bbls) Gas (MCF) Wells

Date

Jan

19

Jan

18

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17

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Jan

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Jan

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Jan

07

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uid

(B

bls

)

10

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1,000

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10,000

Ga

s (MC

F)

1,000

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10,000

50,000

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500,000

1,000,000

We

ll Co

un

t

0 1

5

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1,000

© 2019 Drillinginfo

Source Assignments


781 'VOL: 1OO() PG:

OIL. GAS. MINERAL AND ROYAL 1Y CONVEYANCE

For valuable consideration, the receipt of which is acknowledged, The Americana Foundation, whoseaddress is 28115 Meadowbrook R, Novi, MI 48377 (hereinafter referred to as "Grnntor"), does herebybarg,,": sell, transfer, assign, and convey 100.0000% of Grantor's interests in all oil, gas, mineral, royalty,ovemdmg royalty, net profits, and other similar interests in the lands of Marion County, TX as described inExhibit "A" unto the following Grantee(s), its/their SUccessorsand assigns:

-Buckner,-::J ,20 .sa.by Kathryn

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

This conveyance is effective as of February 1,2020 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 pa hereof, by, through or under Grantor, butnot otherwise.

Notary Signature: ~~=--=-...:;z.---="'~-_._?G),,-7'¥-T- _

Notary Name: ~ ~FMy Commission Expires: _......!7!:....._-A.J~·_-_cd;.L.flt,L_ _

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

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

ID: 1354 Page 1of 2

781 VOL: 1000 PG: 457

Legal Description EXHIBIT "A"

698.152 acres of la�d, more or less, out of the W Watson Survey, Abstract 424; W Chew Survey, section136, Abstract 867 819 Cypress Bayou; E Meyer Survey, Abstracts 498 and 499, in Marion County, Texas, being more fully described in that certain Unit Designation dated July 20, 2007 and filed at Volume 749, Page29 of the Official Public Records of Marion County, Texas. 702.99 acres of land, more or less, out of the J. B.Watson Survey, Abstract 419 and E Meyer Survey, Abstracts 498 and 499 in Marion County, Texas, beingmore fully described in that certain Unit Designation dated April 22, 2008 filed at Volume 764, Page 128 in the Official Public Records of Marion County, Texas. 630.45 acres of land, more or less, out of the B. Hawkins Survey, Abstract 183; I. N. Jones Survey, Abstract 215; and Diane Lane Survey, Abstract 241, being more fully described by that certain Unit Designation dated November 4, 2008, and filed at Volume 778, Page 388 of the Official Public Records of Marion County, Texas. 457.549 acres of land, more or less, out of the Isaac N. Jones Survey, Abstract 215 and Lemuel Smith Survey, Abstract 350, being more fully described in that certain Unit Designation dated August 5, 2010, and filed at Volume 803, Page 388 of the Official Public Records of Marion County, Texas.

END OF EXHIBIT "A"

Return To:

OAK TREE MINERALS, LLC.

2601 Network Boulevard, Suite 404

Frisco, TX 75034

ID: 1354

Prepared By:

Derik J. Todd

Oak Tree Minerals, LLC.

STATE OF TEXAS comm OF MARION FILED FOR RECORD I hereby certify that this instrument was filed on the date and tiMe staMPed h!:!reon by 111e and Apr 06,2020 09:56A was dul'.:.i recorded in the volu111e and Pa91:! of the .. , no.Mi?.ct records of l'iur ion County, Texas as sto.111Ped VIlJIE SMIT�, h!0f'P11n b'-1 il\!> OFFICIAL PUe,uc RECORDS COUNTY CLERK . . . • . . . •

MARION C:OIJMTY, TEXAS

JWUE SMI1H, C:OIJtfff CLERY.

MARION COUNTY, TEXAS

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