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HIGH SPEED, LOW DRAG

FEBRUARY 27, 2020

WE APPRECIATE OUR SPONSORS

DATA ROOM SPONSOR

AUCTION SPONSORBUFFET SPONSOR

DRONE SPONSOR

Mid-Continent Energy ExchangeOil & Gas asset Auctions

...performance fueled by passion!

Photo Credit: Curt Mizell Lease: Messenger Petroleum (Stucky #1, Reno Co., KS)

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

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

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

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Oilfield Electrical Contractor Offices in Wichita, Kingman & Pratt

Travis Eck OwnerCell: 620-491-0065

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Hays, Kansas (785) 628-6395

www.eliwireline.com

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

For tax savings call 785-623-0473

Proud members and supporters of theKansas Independent Oil & Gas Association

www.kioga.org

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

Abercrombie Energy, LLC

Black Gold Oil Co., Inc.

BRG Production Co

Chaparral Energy

Chesapeake Energy

Chieftain Oil Co., Inc.

Cirrus Production Co

D&J Oil Co.

D90 Energy, LLC

Drop Tine Exploration

Eagleridge Energy, LLC

ELK Energy Holdings, LLC

Harrison-Wright Oil Company, LLC

Hummon Corporation

Jeff's Oilwell Supervision

Kansas City Oil, LLC

KMT

Landmark Resources, Inc.

Magnolia Oil & Gas

Mar Lou Oil Co., LLC

Marathon Oil Co

Mosbacher Energy Company

New Century Operating, LLC

O'Ryan Oil and Gas

Palomino Petroleum

Pioneer Natural Resources USA, Inc.

Production Drilling, Inc

Riviera Operating, LLC

RLU Operating, LLC

Shoal Exploration, Inc.

Unit Petroleum

Various

Wagner Oil Company

XTO Energy, Inc.

MID-CONTINENT ENERGY EXCHANGE

Oil and Gas Asset Auctions

Table of Contents for February 27, 2020 Auction

As of 2/26/2020 10:42:17 AM

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

Lot Lease Name Interest Type OperatorCounty/State

1 Husted B1 Royalty Interest Production Drilling, IncRooks KS

2 KU Lease Operated Lease Kansas City Oil, LLCMiami KS

3 Pirotte Royalty Interest Landmark Resources, Inc.Rooks KS

4 Williams Operated Lease Mar Lou Oil Co., LLCBarton KS

5 Fred Twin, OJ Brown, Orange Operated Lease Hummon CorporationFinney KS

5.1 Fred Twin 1-22 - LOT REMOVED

Royalty Interest Hummon CorporationFinney KS

6 Dewey County Minerals Open Minerals Dewey OK

7 Lippelmann Overriding Royalty Interest

ELK Energy Holdings, LLCThomas KS

8 Grimes, Konold, Studer-Leonard

Operated Lease Hummon CorporationPratt KS

8.1 Grimes 1-9 Overriding Royalty Interest

Hummon CorporationPratt KS

8.2 Konold 1-8 Overriding Royalty Interest

Hummon CorporationPratt KS

9 Schweitzer Royalty Interest Shoal Exploration, Inc.Graham KS

10 Coldwater North Operated Lease Hummon CorporationComanche KS

10.1 Miller 1-18 Overriding Royalty Interest

Hummon CorporationComanche KS

10.2 Swarner 9 (Wells 1-2, 2-9, 3-9)

Overriding Royalty Interest

Hummon CorporationComanche KS

10.3 UHL 9 (Wells 3-9 and 5-9) Overriding Royalty Interest

Hummon CorporationComanche KS

10.4 UHL 16 (Well 1-16) Overriding Royalty Interest

Hummon CorporationComanche KS

11 Hammerschmidt Royalty Interest Landmark Resources, Inc.Rooks KS

12 Lippelmann Overriding Royalty Interest

ELK Energy Holdings, LLCThomas KS

12.1 Lippelmann Overriding Royalty Interest

ELK Energy Holdings, LLCThomas KS

12.2 Lippelmann Overriding Royalty Interest

ELK Energy Holdings, LLCThomas KS

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

13 Jimmie Mack, Joel, Roark Partial Working Interest

Chieftain Oil Co., Inc.Barber KS

14 Green, Rosemary Lowery, Sooner State Farms, Farris

Operated Lease Black Gold Oil Co., Inc.Garvin / Cleveland / Oklahoma OK

15 Farris 1-32 Overriding Royalty Interest

Black Gold Oil Co., Inc.Oklahoma OK

16 Merrick Unit 2 Royalty Interest/Minerals

XTO Energy, Inc.Martin TX

16.1 Merrick Unit 2 Royalty Interest/Minerals

XTO Energy, Inc.Martin TX

16.2 Merrick Unit 2 Royalty Interest/Minerals

XTO Energy, Inc.Martin TX

16.3 Merrick Unit 2 Royalty Interest/Minerals

XTO Energy, Inc.Martin TX

16.4 Merrick Unit 2 Royalty Interest/Minerals

XTO Energy, Inc.Martin TX

16.5 Merrick Unit 2 Royalty Interest/Minerals

XTO Energy, Inc.Martin TX

16.6 Merrick Unit 2 Royalty Interest/Minerals

XTO Energy, Inc.Martin TX

16.7 Merrick Unit 2 Royalty Interest/Minerals

XTO Energy, Inc.Martin TX

17 W Walz Operated Lease Mar Lou Oil Co., LLCTrego KS

18 Christian Church Overriding Royalty Interest

Abercrombie Energy, LLCLane KS

19 Gove County Minerals/RI Royalty Interest/Minerals

Palomino PetroleumGove KS

20 Knudson (Big Sky Wells) Overriding Royalty Interest

D90 Energy, LLCLincoln CO

21 Hartman Lease - LOT REMOVED

Operated Lease Hummon CorporationSumner KS

22 Ocho Juan Unit Partial Working Interest

O'Ryan Oil and GasFisher & Scurry TX

23 Horace Operated Lease Hummon CorporationPratt KS

23.1 Horace (Wells 1-21, 2-21) Overriding Royalty Interest

Hummon CorporationPratt KS

24 Choctaw County Minerals Open Minerals Choctaw OK

25 Muhlenbruch - LOT REMOVED

Operated Lease Hummon CorporationSumner KS

26 Griffith Farms Leasehold Hummon CorporationComanche KS

27 McKee C 1 PWI & ORRI Unit PetroleumDewey OK

28 McCurtain County Minerals Open Minerals McCurtain OK

29 Schoen, Wegener Operated Lease Hummon CorporationNorton KS

29.1 Schoen (Wells 1-24, 2-24) Overriding Royalty Interest

Hummon CorporationNorton KS

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

30 McCurtain County Minerals Open Minerals McCurtain OK

31 John Craig Overriding Royalty Interest

D90 Energy, LLCLincoln CO

32 Valley Wells Unit H Royalty Interest Chesapeake EnergyDimmit TX

33 Craig Lease Overriding Royalty Interest

KMTLincoln CO

34 Schultz Operated Lease Hummon CorporationEdwards KS

35 King Koopa 1 - 6 Wells Royalty Interest Chaparral EnergyKingfisher OK

36 Maness Gas Unit Royalty Interest Wagner Oil CompanyJefferson TX

37 Washita County Minerals Open Minerals Washita OK

38 Longstreet Unit H Royalty Interest Magnolia Oil & GasMontgomery TX

39 Diel, Houlton A, Houlton C Partial Working Interest

Chieftain Oil Co., Inc.Barber KS

40 Brysch-Jonas, Zaeske-Eckols, Yosko

Royalty Interest Marathon Oil CoKarnes TX

41 Steamboat (Hansen) Overriding Royalty Interest

D90 Energy, LLCLincoln CO

42 Ferrell, Robinson Royalty Interest Mosbacher Energy CompanyLive Oak TX

43 Circle, Jake, Newton, Sisters Partial Working Interest

Chieftain Oil Co., Inc.Barber KS

44 Biediger Royalty Interest RLU Operating, LLCMedina TX

45 Cheryl, Jamie, Jo, Kristi, Mary (M), Ruby, Shirley

Partial Working Interest

Chieftain Oil Co., Inc.Barber KS

46 Kubena F Unit H Royalty Interest New Century Operating, LLCBurleson TX

47 Dreitz, Eakes Operated Lease Hummon CorporationSeward KS

48 Withall Trust Royalties Royalty Interest Riviera Operating, LLCStanton KS

49 Ken-Rae 1-30 Partial Working Interest

D&J Oil Co.Garfield OK

50 Stiles Gas Unit Royalty Interest Pioneer Natural Resources USA, Inc.

DeWitt TX

51 Smith, Horner Royalty Interest VariousGrant KS

51.1 Riviera Multi Well Lot Royalty Interest Riviera Operating, LLCGrant, Kearny, Hamilton KS

52 Koehn Operated Lease Hummon CorporationClark KS

52.1 Koehn 1 Overriding Royalty Interest

Hummon CorporationClark KS

53 Hogg 1-4 Royalty Interest Harrison-Wright Oil Company, LLCLincoln OK

54 Perry Operated Lease Hummon CorporationPratt KS

55 Betty Fuzzell 1-13 Partial Working Interest

D&J Oil Co.Major OK

56 Britton Unit H Royalty Interest Eagleridge Energy, LLCEllis TX

57 Small - LOT REMOVED Operated Lease Hummon CorporationSumner KS

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

58 David, Dusty, Gary, Inslee, Mary C, Mathews, Tom

Partial Working Interest

Chieftain Oil Co., Inc.Barber KS

59 Choctaw County Minerals Open Minerals Choctaw OK

60 Reno County Minerals Open Minerals Reno KS

61 Bertha 8-1 Partial Working Interest

BRG Production CoMajor OK

62 Bertha 8-2 Partial Working Interest

BRG Production CoMajor OK

63 Bertha 8-3 Partial Working Interest

BRG Production CoMajor OK

64 Dugan Trust, Brook Partial Working Interest

Drop Tine ExplorationBarber KS

65 Charolais, Lindsey, Howat, Farr A

Partial Working Interest

Jeff's Oilwell SupervisionEllis, Rooks KS

69 Noble 2-26 Partial Working Interest

Cirrus Production CoMajor OK

70 Cleveland County Minerals Open Minerals Cleveland OK

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

Common Name LEASEORRI Lot# LOT # VALID PROD. TA'd SWD

Daily Oil Daily Gas

Daily Water ACREAGE Abbreviated Descripion of Leased Land

Finney 3 Well Farmout FRED TWIN 5 YES 0 1 0 0 0 0 80 (W/2 NE/4)Sec: 22-25S-34WOJ BROWN 5 YES 0 1 0 0 0 0 80 (W/2 SE/4)Sec: 15-25S-34WORANGE 5 YES 0 1 0 0 0 0 320 (W/2)Sec:28-32S-18W

North Pratt GRIMES 8.1 8 YES 1 0 0 2 0 8 160(S/2 SW/4, E/2 NW/4 SW/4), except a tract 2.8 acres, (NE/4 SW/4) Section 9-27S-12W

KONOLD 8.2 8 YES 1 0 0 0.4 14.63610778 20 80 (E/2 SE/4) Section 8-27S-12W

STUDER/ LEONARD 8 YES 1 1 0 0.5 0 50 140

(W/2 SE/4) Sec:8-27S-12W, (W/2 NE/4, E/2 NW/4), less and except two tracts of land in the W/2 NE/4 Sec. 8-27S-12W

Coldwater North MILLER 10.1 10 YES 1 0 0 2.2 0 0 160 (NW/4)Sec:18-31S-18WSWARNER 10.2 10 YES 1 2 0 6.68 0 45 160 (SW/4) Sec:9-31S-18WUHL 16 10.4 10 YES 1 0 0 3 0 0 160 (NW/4)Sec:16-31S-18WUHL 9 10.3 10 YES 1 0 1 2 0 0 320 (NW/4 & W/2 E/2)Sec:9-31S-18WBOSLEY 9 10 YES 1 1 0 1.5 0 0 80 (E/2 NE/4)Sec:9-31S-18WDILLINGER 10 YES 1 0 0 1.67 0 0 80 (E/2 SE/4)Sec:9-31S-18W

Hartman - Lot Removed

Horace HORACE 23.1 23 YES 1 0 1 2.5 0 8 160 (SW/4) Section 21-29S-14W

Muhlenbruch - Lot Removed

Griffith Leasehold GRIFFITH 26 YES 0 0 0 0 0 0 554.2

(S/2 SE/4) and (SW/4) 19-32s-18w and (N/)2 lot 2 (37.05 acres), Lot 2 (37.15 acres); (E/2 NW/4); (NW/4) sec 30-32s-18w

Norton County SCHOEN 29.1 29 YES 1 0 1 3 0 110 360 (N/2 and NW/4 SE/4) Sec: 24-3S-24WWEGENER 29 29 YES 0 1 0 0 0 0 160 (NW/4)Sec: 29-2S-24W

Edwards County SCHULTZ 34 YES 1 0 0 0 0.5 0 120

(N/2 NW/4,N/2 S/2 NW/4) Sec: 14-26S-16W was shut in but doing pump change will be running by sale, was 20MCF/D

Seward County DREITZ 47 NO 0 1 0 0 0 0 640Sec: 11-32S-31W will be valid by sale getting a lease revised

EAKES 47 YES 1 0 0 6 28 8 960 S/2 Sec:1-32S-31W, Sec:12-32S-31W

REISS 47 NO 0 1 1 0 0 0 640Sec: 14-32S-31W LANDOWNER WILL NOT RATIFY - HUMMON PLUGGING

Koehn KOEN 52.1 52 YES 1 0 0 0 22.42814371 0 368

Sec:10-33S-21W north of the railroad right of way (RROW), except the (NW/4 SW/4) laying north of the RROW.

Perry PERRY 54 YES 1 0 0 1 0 15 160 (NW/4) Sec:12-28S-15W

Small - Lot Remvoed

Leases Being Offered at the Feb 27, 2020 Auction for Hummon Corporation

Lot #1 Royalty Interest

Operator

Production Drilling, Inc

Legal Description

SW Sec 11-10S-19W

County & State

Rooks, KS

Acres

160

Net Income

$2,253.78

(13 mo)

$173.37/mo

API: 15-163-01915-0001. Lease #138503. Royalty Tax=$201.70

Production Breakdown:Year Month Production (bbl)2018 11 768.672018 12 626.822019 01 807.102019 02 652.182019 03 641.362019 04 634.782019 05 474.542019 06 642.312019 07 325.382019 08 484.832019 09 320.602019 10 639.08

Seller Comments:

Decimal Interest

0.00585938

Lease Name

Husted B1

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

Lot #2 Operated Lease

Operator

Kansas City Oil, LLC

Legal Description

Sec 23-18S-22E

County & State

Miami, KS

Acres

160

Lease #145544 API numbers:15-121-30446 15-121-3040915-121-30447 15-121-3041015-121-30448 15-121-3041115-121-30407 15-121-3041215-121-30408 15-121-30413

Production Breakdown:Year Month Production (bbl) Year Month Production (bbl) 2018 02 155.58 2019 02 157.742018 04 153.60 2019 04 156.102018 06 160.21 2019 07 147.712018 08 161.58 2019 09 143.222018 10 163.61 2019 12 157.932018 12 143.40

Seller Comments:

Lease Name

KU Lease

GWI

100%

NRI

81.5%

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

Lot #3 Royalty Interest

Operator

Landmark Resources, Inc.

Legal Description

S/2 SE Sec 11-10S-19W

County & State

Rooks, KS

Acres

80

Net Income

$2,091.60

(13 mo)

$160.89/mo

API: 15-163-01918, 15-163-01919, 15-163-23113, 15-163-01920, 15-163-23006, 15-163-23645, 15-163-01921. Lease #110066. Royalty Tax=$170.12

Production Breakdown:Year Month Production (bbl)2018 11 703.512018 12 790.592019 01 652.152019 02 644.932019 03 652.512019 04 644.932019 05 639.532019 06 820.002019 07 819.342019 08 800.122019 09 655.892019 10 788.11

Seller Comments:

Decimal Interest

0.00390620

Lease Name

Pirotte

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

Lot #4 Operated Lease

Operator

Mar Lou Oil Co., LLC

Legal Description

E/2 E/2 NE Sec 1-20S-11W

County & State

Barton, KS

Acres

160

API: 15-009-21488, 15-009-22980, 15-009-22981

There is a brand new submersible pump in the hole as of this month (February 2020).

Production Breakdown:Year Month Production (bbl)2018 11 170.092019 01 169.262019 03 157.952019 04 167.362019 06 167.172019 07 143.862019 10 149.65

Seller Comments:

Lease Name

Williams

Gross BOPD

3.5

Gross BWPD2700

Click here for drone footage

GWI

100%

NRI

85%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

02/22/79 13631503.510/15/78Arbuckle1

12/28/8212/20/82Arbuckle2

1/7/83 270012/29/823 SWD

Surface Casing

Production Casing Tubing Rods Pump

PumpingUnit Engine

TankBattery

SeparatorTreator

10 HP114sub-mersible

2-7/85-1/28-5/8

N/A

N/A

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

Lot #5 Operated Lease

Operator

Hummon Corporation

Legal Description

W/2 NE Sec 22-25S-34W

County & State

Finney, KS

Acres

80

Lease #134644, 222464. API: 15-055-21635-0001Seller Comments:

Lease Name

Fred Twin

Gross BOPD

SI

Gross BWPD

SI

Gross MCFD

SI

Click here for drone footage

Lease NRI: 75%GWI Being Sold: 49%NRI Being Sold: 36.75%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

279779/14/99 SI 49687SISI9/13/99MorrowFred Twin 1-22

Operator

Hummon Corporation

Legal Description

W/2 SE Sec 15-25S-34W

County & State

Finney, KS

Acres

80

Lease #134415, 222433. API: 15-055-21582-0000Seller Comments:

Lease Name

OJ Brown

Gross BOPD

SI

Gross BWPD

0

Gross MCFD

0

Click here for drone footage

Lease NRI: 75%GWI Being Sold: 98%NRI Being Sold: 73.5%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

92971/2/98 0 37294.60SI9/29/97Morrow SandOJ Brown 1-15

Operator

Hummon Corporation

Legal Description

E/2 SE Sec 15-25S-34W

County & State

Finney, KS

Acres

80

Lease #134561, 222414. API: 15-055-21618-0000Seller Comments:

Lease Name

Orange

Gross BOPD

SI

Gross BWPD

0

Gross MCFD

0

Click here for drone footage

Lease NRI: 75%GWI Being Sold: 49%NRI Being Sold: 36.75%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

304780 57880.580SI4/23/98Morrow SandOrange 1-15

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

Lot #5.1 Royalty Interest

Operator

Hummon Corporation

Legal Description

W/2 NE Sec 22-25S-34W

County & State

Finney, KS

Acres

80

API: 15-055-21635-0001Seller Comments:

Decimal Interest

0.00146490

Lease Name

Fred Twin 1-22

LOT REMOVED

Lot #6 Open Minerals

Legal Description

Sec 7-19N-18W

County & State

Dewey, OK

Acres

0.29296875

Tapstone Energy pooled adjacent 17-19N-18W Dewey on 4/9/18 at $700 3/16th.Seller Comments:

Dewey County Minerals

Lease Name

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

Lot #7 Overriding Royalty Interest

Operator

ELK Energy Holdings, LLC

Legal Description

Sec 14-10S-33W

County & State

Thomas, KS

Production BBL Oil Gross .0002 ORR Trailing 3 Mo Month Sold Income Income Average01 2019 4,773.0 $220,545 $44.11 02 2019 4,386.0 $218,535 $43.7103 2019 4,819.5 $254,521 $50.90 $46.2404 2019 10,767.0 $630,301 $126.06 $73.5605 2019 8,136.0 $456,937 $91.39 $89.4506 2019 10,810.5 $539,326 $107.87 $108.4407 2019 11,053.5 $580,276 $116.06 $105.1008 2019 10,515.0 $524,122 $104.82 $109.5809 2019 9,058.5 $467,932 $93.59 $104.8210 2019 12,189.0 $599,133 $119.83 $106.0811 2019 19,450.5 $1,023,580 $204.72 $139.3812 2019 26,770.5 $1,483,207 $296.64 $207.06

Seller Comments:

Decimal Interest

0.0002

Lease Name

Lippelmann

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

Lot #8 Operated Lease

Operator

Hummon Corporation

Legal Description

See comments*

County & State

Pratt, KS

Acres

160

Lease #209399, 111664. API: 15-151-20406

*Legal Description:Sec: 9-27S-12W described as:(S/2 SW/4, E/2 NW/4 SW/4), except a tract 2.8 acres described as beginning 600 feet east of the southwest corner of Section 9, thence North 264 feet, thence east 452 feet, thence South 264 feet, thence west 452 feet to place of beginning Section 9-27S-12W containing 120 acres more or less.

Seller Comments:

Lease Name

Grimes

Gross BOPD1.5 - 2

Gross BWPD

5

Gross MCFDVent extra

gas

CLick her for drone footage

Lease NRI: 82.03126%GWI Being Sold: 56.25%NRI Being Sold: 46.142584%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

771843/8/78 5 39834.93Vent extra gas

1.5 - 28/18/77MississippianGrimes 1-9

Operator

Hummon Corporation

Legal Description

E/2 SE Sec 8-27S-12W

County & State

Pratt, KS

Acres

80

Lease #217227, 130984. API: 15-151-20324-0001Seller Comments:

Lease Name

Konold

Gross BOPD

0.25

Gross BWPD

3

Gross MCFD

18

Click here for drone footage

Lease NRI: 82.3125%GWI Being Sold: 100%NRI Being Sold: 82.03125%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

25734712/15/90 3 9914.88180.2512/13/90Kansas CityKonold 1-8

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

Operator

Hummon Corporation

Legal Description

See comments*

County & State

Pratt, KS

Acres

140

Lease 131769, 217510. API: 15-151-22051-0000, 15-151-22053-0000

*Legal Description: (E/2 SE/4) Sec:8-27S-12W, Pratt County, Kansas, containing 80 acres, more or less, Recorded in Book 222, Page 585.

(W/2 SE/4) Sec:8-27S-12W, Pratt County, Kansas, containing 80 acres, more or less, Recorded in Book 222, Page 607.

(W/2 NE/4, E/2 NW/4), less and except two tracts of land in the W/2 NE/4 Sec. 8-27S-12W of the 6th P.M., more particularly described as follows:

Beginning at the NE/C of the NW/4 NE/4 of said Section, thence S 224.4 feet, thence W of the right of way of U.S. Hwy 61, thence Northeasterly following along said hwy right of way to a point where said right of way intersects with the N section line of said Section, thence E to the point of beginning, containing 6 acres, more or less; And a tract of land lying in the E/2 NW/4 Sec. 8-27S-12W of the 6th P.M., more particularly described as follows: Beginning at a point on the West line 1195.2 feet North of the Southwest corner of said E/2 NW/4, said point being on the Southeasterly right of way line of the St. Louis, Southwestern Railway Company, formerly the Chicago, Rock Island and Pacific Railroad; thence Northeasterly along said right of way 286.2 feet; thence Northwesterly along said right of way line 100 feet; thence Northeasterly along said right of way line to a point on the North line 5.3 feet West of the Northeast corner of said quarter section, thence W to the NW/c of the E/2 NW/4 thence S to the point of beginning, containing 14.1 acres, more or less.

Containing 140 acres, more or less.

Note: Water goes to the Konold and pumped to the Studer SWD

Seller Comments:

Lease Name

Studer-Leonard CTB

Gross BOPD

0.5

Gross BWPD

125

Gross MCFD

0

Click here for drone footage

Lease NR: 80.74891%GWI Being Sold: 100%NRI Being Sold: 80.74891%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

207836/16/91 75 1916300.56/10/91MississippiStuder 1

as above7/29/91 50 as above0SI7/22/91MississippiStuder-Leonard 1-8

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

Lot #8.1 Overriding Royalty Interest

Operator

Hummon Corporation

Legal Description

Sec 9-27S-12W (see note*)

County & State

Pratt, KS

Acres

160

Net Income

$792.97

(12 mo)

API: 15-151-20406*Legal Description:Sec: 9-27S-12W described as: (S/2 SW/4, E/2 NW/4 SW/4), except a tract 2.8 acres described as beginning 600 feet east of the southwest corner of Section 9, thence North 264 feet, thence east 452 feet, thence South 264 feet, thence west 452 feet to place of beginning Section 9-27S-12W containing 120 acres more or less. (NE/4 SW/4) Section 9-27S-12W, containing 40 acres more or less.

Net Monthly Income:01-2019 --02-2019 --03-2019 $193.1804-2019 --05-2019 --06-2019 $198.4507-2019 --08-2019 --09-2019 $199.9010-2019 --11-2019 --12-2019 $201.44

Seller Comments:

Decimal Interest

0.02734360

Lease Name

Grimes 1-9

$66.08/mo

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

Lot #8.2 Overriding Royalty Interest

Operator

Hummon Corporation

Legal Description

E/2 SE Sec 8-27S-12W

County & State

Pratt, KS

Acres

80

Net Income

$1,331.95

(12 mo)

Lease #217227, 130984. API: 15-151-20324-0001

Net Monthly Income:01-2019 $455.2302-2019 $ 51.5203-2019 $ 61.8604-2019 $ 39.1305-2019 $ 41.0006-2019 $ 22.1607-2019 ---08-2019 $ 64.5409-2019 $468.3210-2019 $ 29.5911-2019 $ 58.6312-2019 $ 39.97

Seller Comments:

Decimal Interest

0.05468750

Lease Name

Konold 1-8

$111.00/mo

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

Lot #9 Royalty Interest

Operator

Shoal Exploration, Inc.

Legal Description

SW Sec 6-8S-23W and W/2 NW Sec 6-8S-23W

County & State

Graham, KS

Acres

240

Net Income

$3,379.18

(6 mo)

$563.20/mo

There is currently oil production on the property and seller owns half the minerals rights. There is one actively producing well that was drilled in 2013 and one injection well that just passed MIT a couple of months ago. The lease makes about 6.5 bopd. There are also three more inactive wells on the lease. Well was down 4 months in 2019.

Cash Flow Represents 100% of Check Statements.Net Income:12-2019 - $524.2811-2019 - $493.9410-2019 - $923.9008-2019 - $934.6407-2019 - $502.42

Schweitzer #1 API 15-065-21387 & -21387-0001Schweitzer #2 API 15-065-21421Schweitzer #3 API 15-065-21608Schweitzer #4 API 15-065-21609Schweitzer #5 API 15-065-21631Schweitzer #6 API 15-065-23910

Production Breakdown:Year Month Production (bbl)2018 08 327.25 2018 09 324.212018 10 163.32018 11 165.26 2018 12 1672019 03 167.242019 07 162.062019 08 317.73

Seller Comments:

Decimal Interest

0.0625

Lease Name

Schweitzer

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

Lot #10 Operated Lease

Operator

Hummon Corporation

Legal Description

E/2 NE Sec 9-31S-18W

County & State

Comanche, KS

Acres

80

Lease #109054. API 15-033-20063-0000Seller Comments:

Lease Name

Bosley-9

Gross BOPD

1.67

Gross BWPD

0

Gross MCFD

0

Click here for drone footage

Lease NRI: 87.5%GWI Being Sold: 87.5%NRI Being Sold: 76.5625%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

Vent & landowner

4/20/70 0 115346004/8/70MississippianBosley 1-9

Same as above

7/10/71 0 Shown above01.676/29/71MississippianBosley 2-9

Surface Casing

Production Casing Tubing Rods Pump

PumpingUnit Engine

TankBattery

SeparatorTreator

3/4 - 200. Rod subs 4', 8', 8'

C-962 x 1-1/2 x 12 RWB. 2'

rod sub

162 - 2-3/8" 4' tubing sub

on top

5-1/2" 15.5# @ 5246'

8-5/8" 23# @ 697'

3/4 - 199 sub 2',4',8

5-1/2 - 5113

Operator

Hummon Corporation

Legal Description

E/2 SE Sec 9-31S-18W

County & State

Comanche, KS

Acres

80

Lease #110412. API: 15-033-20106-0000Seller Comments:

Lease Name

Dillinger-9

Gross BOPD1 - 1.5

Gross BWPD

0

Gross MCFD

0

Lease NRI: 87.5%GWI Being Sold: 87.5%NRI Being Sold: 76.5625%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

012/3/71 0 52228.7401 - 1.511/22/71MississippianDilinger 1-9

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

Operator

Hummon Corporation

Legal Description

NW Sec 18-31S-18W

County & State

Comanche, KS

Acres

160

Lease #128226. API: 15-033-20729-0000Seller Comments:

Lease Name

Miller-18

Gross BOPD

2

Gross BWPD

0

Gross MCFD

0

Lease NRI: 81.32813%GWI Being Sold: 69.1666%NRI Being Sold: 56.251902%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

09/17/88 0 67522.07028/15/88MarmatonMiller 1-18

Operator

Hummon Corporation

Legal Description

SW Sec 9-31S-18W

County & State

Comanche, KS

Acres

160

Lease #132722, 221541. API: 15-033-20681-0000, 15-033-20877-0000, 15-033-20879-0000Seller Comments:

Lease Name

Swarner-9

Gross BOPD

6.25

Gross BWPD

43

Gross MCFD

0

Lease NRI: 82%GWI Being Sold: 93.75%NRI Being Sold: 76.875%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

09/5/85 0 00SI8/26/85MississippiSwarner 1-9

1759789/13/93 43 20760806.259/3/93MississippiSwarner 2-9

09/13/93 0 00SI9/3/93MississippiSwarner 3-9

Operator

Hummon Corporation

Legal Description

NW and W/2 E/2 Sec 9-31S-18W

County & State

Comanche, KS

Acres

320

Lease #109070. API: 15-033-20121-0000, 15-033-20904-0001Seller Comments:

Lease Name

UHL-9

Gross BOPD

1.5

Gross BWPD

10

Gross MCFD

0

Lease NRI: 82.03125%GWI Being Sold: 87.5%NRI Being Sold: 71.777344%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

06/6/72 10 12216401.55/16/72MississippiUHL 3-9

012/7/95 0 00012/6/954917-20UHL 5-9 SWD

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

Operator

Hummon Corporation

Legal Description

NW Sec 16-31S-18W

County & State

Comanche, KS

Acres

160

Lease #132715. API: 15-033-20881-0000Seller Comments:

Lease Name

UHL-16

Gross BOPD

3.5

Gross BWPD

0

Gross MCFD

0

Lease NRI: 80.51389%GWI Being Sold: 96.875%NRI Being Sold: 77.997831%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

03/5/94 0 2873703.52/24/94MississippiUHL 1-16

Lot #10.1 Overriding Royalty Interest

Operator

Hummon Corporation

Legal Description

NW Sec 18-31S-18W

County & State

Comanche, KS

Acres

160

Net Income

$1,353.14

(12 mo)

API: 15-033-20729 Lease #128226

Net Monthly Income:01-2019 $250.0402-2019 --03-2019 --04-2019 $308.9105-2019 --06-2019 $241.4907-2019 --08-2019 --09-2019 $253.0910-2019 --11-2019 --12-2019 $299.61

Seller Comments:

Decimal Interest

0.03437500

Lease Name

Miller 1-18

$112.76/mo

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

Lot #10.2 Overriding Royalty Interest

Operator

Hummon Corporation

Legal Description

SW Sec 9-31S-18W

County & State

Comanche, KS

Acres

160

Net Income

$1,631.43

(12 mo)

Lease #132722, 221541. API: 15-033-20681-0000, 15-033-20877-0000, 15-033-20879-0000

Net Monthly Income:01-2019 $ 96.0502-2019 $105.4103-2019 $110.7204-2019 $245.6305-2019 $117.6006-2019 $102.7207-2019 $218.7508-2019 $101.1209-2019 $105.9210-2019 $101.8211-2019 $211.8012-2019 $113.89

Seller Comments:

Decimal Interest

0.01375000

Lease Name

Swarner 9 (Wells 1-2, 2-9, 3-9)

$135.95/mo

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

Lot #10.3 Overriding Royalty Interest

Operator

Hummon Corporation

Legal Description

NW and W/2 E/2 Sec 9-31S-18W

County & State

Comanche, KS

Acres

320

Net Income

$1,359.07

(12 mo)

API: 15-033-20121

Net Monthly Income:01-2019 --02-2019 --03-2019 $478.7804-2019 --05-2019 --06-2019 $430.2107-2019 --08-2019 --09-2019 --10-2019 $450.0811-2019 --12-2019 --

Seller Comments:

Decimal Interest

0.05468750

Lease Name

UHL 9 (Wells 3-9 and 5-9)

$113.26/mo

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

Lot #10.4 Overriding Royalty Interest

Operator

Hummon Corporation

Legal Description

NW Sec 16-31S-18W

County & State

Comanche, KS

Acres

160

Net Income

$476.87

(12 mo)

Lease #132715. API: 15-033-20881-0000

Net Monthly Income:01-2019 $49.4802-2019 $53.2503-2019 $55.3704-2019 --05-2019 $54.9406-2019 $49.8907-2019 --08-2019 $52.7209-2019 $55.0610-2019 $53.3211-2019 $52.8412-2019 --

Seller Comments:

Decimal Interest

0.00687500

Lease Name

UHL 16 (Well 1-16)

$39.74/mo

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

Lot #11 Royalty Interest

Operator

Landmark Resources, Inc.

Legal Description

NW SE Sec 11-10S-19W

County & State

Rooks, KS

Acres

40

Net Income

$224.03

(13 mo)

$17.23/mo

API: 15-163-23836. Lease #140662. Royalty tax=$19.90

Production Breakdown:Year Month Production (bbl)2018 10 159.402018 12 157.412019 02 171.802019 05 156.762019 07 156.382019 09 155.68

Seller Comments:

Decimal Interest

0.00390630

Lease Name

Hammerschmidt

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

Lot #12 Overriding Royalty Interest

Operator

ELK Energy Holdings, LLC

Legal Description

Sec 14-10S-33W

County & State

Thomas, KS

Seller Comments: Winning bidder has the option to triple this lot (12, 12.1 and 12.2).

Production BBL Oil Gross .001 ORR Trailing 3 Mo Month Sold Income Income Average01 2019 4,773.0 $220,545 $220.54 02 2019 4,386.0 $218,535 $218.5303 2019 4,819.5 $254,521 $254.52 $231.2004 2019 10,767.0 $630,301 $630.30 $367.7905 2019 8,136.0 $456,937 $456.94 $447.2506 2019 10,810.5 $539,326 $539.33 $542.1907 2019 11,053.5 $580,276 $580.28 $525.5108 2019 10,515.0 $524,122 $524.12 $547.9109 2019 9,058.5 $467,932 $467.93 $524.1110 2019 12,189.0 $599,133 $599.13 $530.4011 2019 19,450.5 $1,023,580 $1,023.58 $696.8812 2019 26,770.5 $1,483,207 $1,483.21 $1,035.31

Decimal Interest

0.001

Lease Name

Lippelmann

Lot #12.1 Overriding Royalty Interest

Operator

ELK Energy Holdings, LLC

Legal Description

Sec 14-10S-33W

County & State

Thomas, KS

See Lot #12 for production breakdown and income.Seller Comments:

Decimal Interest

0.001

Lease Name

Lippelmann

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

Lot #12.2 Overriding Royalty Interest

Operator

ELK Energy Holdings, LLC

Legal Description

Sec 14-10S-33W

County & State

Thomas, KS

See Lot #12 for production breakdown and income.Seller Comments:

Decimal Interest

0.001

Lease Name

Lippelmann

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

Lot #13 Partial Working Interest

Operator

Chieftain Oil Co., Inc.

Legal Description

NW Sec 21-34S-11W

County & State

Barber, KS

Acres

160

Gross OpEx

$1,105.96

Net Income

$359.71

GWI

0.015625

NRI

0.01367188 & 0.015625 (SWD water)

(12 mo)Gross Income

$1,465.67

(12 mo) (12 mo)

$122.14/mo $92.16/mo $29.98/mo

4 wells and 1 SWD. #2 well is shut in.

API: 15-007-23206; 15-007-23275; 15-007-23276; 15-007-23405; 15-007-23360; Lease #230371, 139175

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Targa Pipeline Mid-Continent West OK LLC (Gas).

Seller Comments:

Lease Name

Jimmie Mack

Operator

Chieftain Oil Co., Inc.

Legal Description

SW Sec 4-34S-11W

County & State

Barber, KS

Acres

160

Gross OpEx

$519.29

Net Income

$565.06

GWI

0.015625

NRI

0.01269531

(12 mo)Gross Income

$1,084.35

(12 mo) (12 mo)

$90.36/mo $43.27/mo $47.09/mo

3 wells . #3 well is shut in.

API: 115-007-23264; 15-007-23265; 15-007-23459. Lease #230708

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Targa Pipeline Mid-Continent West OK LLC (Gas).

Seller Comments:

Lease Name

Joel

Operator

Chieftain Oil Co., Inc.

Legal Description

SW Sec 10-35S-11W

County & State

Barber, KS

Acres

160

Gross OpEx

$533.88

Net Income

($241.23)

GWI

0.03125

NRI

0.02539063

(12 mo)Gross Income

$292.65

(12 mo) (12 mo)

$24.39/mo $44.49/mo ($20.10)/mo

1 well. Well is shut in. API: 15-007-23956; Lease #233614

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Targa Pipeline Mid-Continent West OK LLC (Gas).

Seller Comments:

Lease Name

Roark

Total Lot Net Monthly Income: $56.96

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

Lot #14 Operated Lease

Operator

Black Gold Oil Co., Inc.

Legal Description

Sec 24-4N-2W

County & State

Garvin, OK

Acres

40

Gross OpEx

$7,019.00

Net Income

$3,830.00

(12 mo)Gross Income

$10,849.00

(12 mo) (12 mo)

$904.08/mo $584.92/mo $319.17/mo

API: 35-049-24387; Lease #049-111716First Production Date 9/17/2003Crude Purchaser - OPAGas Purchaser - ONEOK

There are 40 acres with this lease. There is a lot of opportunity to increase production on this well as it hasn't had any type of stimulation done in many years. There is also behind pipe potential. There is a $300 per year electric line easement fee and a $525 per year road usage fee paid to the landowner. This is an agreement made with landowner when the well was drilled.

There is a $525 annual road fee and a $300 annual electric easement fee.

The electric is shared with Dyno Energy lease that has a separate meter. It is read on the 1st of the month and Dyno Energy is billed for their part of the electric bill.

Additional Well Information:Pump Jack Anvil Interest Inc, 160-174 CF-74, Serial #18025Pump Jack Stroke 8 SPMPump Jack Belts 3 belts / C255Electric Motor 30 hp, Serial #01-91414-3/13-23Heater Treater Permian Tank 9/1/1984, 4'X20' Serial #1099-4-B-BSeparator NATCO 5-1-1981, Model EB, 30" x 10', Serial #9A24601-14Oil Tank 1 300 bbl, 12'W X 15'T, 8-15-1983, 20 bbl per ftOil Tank 2 300 bbl, 12'W X 15'T, 8-15-1983, 20 bbl per ftWater tank 1 200 bbl fiberglass open top 12'W X 10'T, 20 bbl per ftWater tank 2 N/APolish rod 1-1/2"Rods 144 - 3/4" 64 - 7/8" Pony rods 1 - 8' x 7/8" 1 - 4' x 7/8"Tubing 2-3/8" 168 jointsCasing - surface 8-5/8" 23# K-55 320'Casing - prod. 5-1/2" 15.5# & 17# K-55 5,369'Pump size 2 x 1-1/2 x 16 RHBC

Seller Comments:

Lease Name

Green 1-24

Gross BOPD

0.5

Gross BWPD

7

Gross MCFD

8

GWI

100%

NRI

79.098124%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

9/16/03 780.57/14/03Viola1

Surface Casing

Production Casing Tubing Rods Pump

PumpingUnit Engine

TankBattery

SeparatorTreator

4x20 heater & separator

Yes Electric 1-210 water tank

YesYesYesYesYes

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

Operator

Black Gold Oil Co., Inc.

Legal Description

SW SW SW Sec 27-4N-1W

County & State

Garvin, OK

Gross OpEx

$3,098.00

Net Income

$9,246.00

(12 mo)Gross Income

$12,344.00

(12 mo) (12 mo)

$1,028.67/mo $258.17/mo $770.50/mo

API: 35-049-20931, Lease #049-05209Spacing / Lease 40 acres - Black Gold owns well bore only / D-MIL owns lease.First Prod Date 2/1/1979Crude Purchaser: OPA

There is a lot of opportunity to increase production on this well as it has not had any type of stimulation done in many years. There is also behind pipe potential.

Additional Well Information:Pump Jack Pump JackElectric Motor North American Electric, 15 hp, Serial 36D0Q6014 (put in new in 2006)Heater treater Baker Tank Co, 1-1-1976, 4'X20' Serial #11862, Model PV-1Separator N/AOil Tank 1 300 bbl, Baker Tank Co, 12'X X 15'T, 9-1-1977, Model 7845, Serial #60558Water Tank 1 210 bbl, Lincoln Tank Co, 10'W X 15'T, Serial #11002, 14 bbl per ftCasing - Surface 8-5/8" 32# K-55 427'Casing - Prod. 4 1/2" Mixed# K-55 4,829

Seller Comments:

Lease Name

Rosemary Lowery 1

Gross BOPD

1

Gross BWPD

0.5

GWI

100%

NRI

81.62109%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

3/11/77 0.5112/3/76Viola1

Surface Casing

Production Casing Tubing Rods Pump

PumpingUnit Engine

TankBattery

SeparatorTreator

4X20 heaterYes Electric 1-210 water tank

YesYesYesYesYes

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

Operator

Black Gold Oil Co., Inc.

Legal Description

NE NW Sec 31-6N-1E

County & State

Cleveland, OK

Acres

80

Gross OpEx

$5,256.00

Net Income

$27,529.00

(12 mo)Gross Income

$32,785.00

(12 mo) (12 mo)

$2,732.08/mo $438.00/mo $2,294.08/mo

API: 35-027-20840, Lease #084247Crude Purchaser: Phillips 66 / OPAGas Purchaser: N/AFirst Prod Date 5/12/1984

There are 80 acres with this lease. There is a lot of opportunity to increase production on this well as it has not had any type of stimulation done in many years. There is also behind pipe potential.

Additional Well Information:Pump Jack Pump JackElectric Motor Electric MotorHeater Treater 4' x 20'2-400 oil tanks; 1-water tankOil Tank 1 400 bbl, 12'W x 20'T, 20 bbl per ftOil Tank 2 400 bbl, 12'W x 20'T, 20 bbl per ftWater Tank 1 200 bbl fiberglass open top 12'W x 10'T, 20 bbl per ftRods 166 - 3/4" 82 - 7/8" ?Tubing 2 - 7/8"Casing - Surface 8-5/8" 23# K-55 588' tested to 1,500 psiCasing - Prod. 5-1/2" 15.5# J-55 6740' tested to 2,500 psi

Seller Comments:

Lease Name

Sooner State Farms 1-31

Gross BOPD

3

Gross BWPD

1

GWI

100%

NRI

75.00004%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

5/12/84 1312/2/84Viola1

Surface Casing

Production Casing Tubing Rods Pump

PumpingUnit Engine

TankBattery

SeparatorTreator

4X20 heaterYes Electric 2-400 oil tanks; 1-water

tank

YesYesYesYesYes

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

Operator

Black Gold Oil Co., Inc.

Legal Description

SE NW SE Sec 32-13N-2W

County & State

Oklahoma, OK

Acres

80

Gross OpEx

$11,145.00

Net Income

$16,750.00

(12 mo)Gross Income

$27,895.00

(12 mo) (12 mo)

$2,324.58/mo $928.75/mo $1,395.83/mo

There is an ORRI on the Farris 1-32 auctioned separately on Lot #15.API: 35-109-20518; Lease #073250Crude Purchaser: Phillips 66 / OPAFirst Prod. Date 12/1/1981

* The well also makes 20 mcf but the gas line is down.

There are 80 acres with this lease. There is a lot of opportunity to increase production on this well as it has not had any type of stimulation done in many years. There is also behind pipe potential.

Additional Well Information:Pump Jack Lufkin 160-173-74Gas Engine Arrow C96 gas motorHeater Treater Permian Tank 4'X20'Separator Petrofab 30" x 10'Oil tank 1 210 bbl Permiem 10'W x 15'T, 14 bbl per ftOil tank 2 224 bbl Permiem 10'W x 16'T, 14 bbl per ft (out of service)Water tank 1 80 bbl fiberglass open top 12'W x 4'T, 20 bbl per ftWater tank 2 100 bbl fiberglass closed top 10'W x 7'T, 14 bbl per ftPolish rod 1-1/4 x 16' ? Bridle 20'-1"Rods 70 - 7/8", 179 - 3/4" rods, total of 249 rods, pony rods 2-2', 2-4', 2-6'Tubing 197 joints of 2-7/8"Casing - Surface 8 5/8", 24#, J-55, 1160Casing - Prod. 5 1/2", 15.5#, K-55, LT&C, 6954.7'Pump size 2-1/2x1/4x16' RHB-C, (8-23-11) 2-1/2x1-1/2x16' RXBC (10-2-14

Seller Comments:

Lease Name

Farris 1-32

Gross BOPD

2.5

Gross BWPD

13

Gross MCFD

20

GWI

100%

NRI

66.875%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

10/22/81 1320*2.58/2/81Bois d'Arc1

Surface Casing

Production Casing Tubing Rods Pump

PumpingUnit Engine

TankBattery

SeparatorTreator

Separaor & 4X20 heater

Yes Gas engine 2-210 oil; 2-water tanks

YesNew pumpYesYesYes

Total Lot Net Monthly Income: $4,779.58

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

Lot #15 Overriding Royalty Interest

Operator

Black Gold Oil Co., Inc.

Legal Description

Sec 32-13N-2W

County & State

Oklahoma, OK

Acres

80

Net Income

$2,471.00

(12 mo)

API: 35-109-20518; Lease #073250

Gas line is down. There are 80 acres with this lease. There is a lot of opportunity to increase production on this well as it has not had any type of stimulation done in many years. There is also behind pipe potential.

Seller Comments:

Decimal Interest

0.06875

Lease Name

Farris 1-32

$205.92/mo

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

Lot #16 Royalty Interest/Minerals

Operator

XTO Energy, Inc.

Legal Description

Sec 4, Blk 35, T2N, TPRR

County & State

Martin, TX

Net Income

$1,446.78

(7 mo)

$206.68/mo

Seller Comments: Winning bidder of this lot has the option on the next 7 lots. Seller is selling 8 identical lots.

The interest being conveyed is in the Merrick Unit 2 (645.2 acres in the E2 of Sec. 10 and the E2 Sec. 11). The minerals owned, being conveyed and that are part of the producing unit are located in the SE4 of Sec. 11.

Monthly Revenue*03-2019 $1,327.3004-2019 $1,720.8305-2019 $2,154.1806-2019 $1,722.9607-2019 $1,805.1408-2019 $1,584.1709-2019 $1,259.69 -------------TOTALS $11,574.27AVERAGE $1,653.46/month

Revenue has been divided among 8 lots.Total per lot is $1,446.78 ($206.68/month)

* See data package for monthly breakdown by property name.

Decimal Interest:Merrick Unit 2 1106BH - 0.00309981 x .0625 = 0.000193738125Merrick Unit 2 1107BH - 0.00309981 x .0625 = 0.000193738125Merrick Unit 2 1116AH - 0.00309981 x .0625 = 0.000193738125Merrick Unit 2 1117AH - 0.00309981 x .0625 = 0.000193738125Merrick Unit 2 1118AH - 0.00309981 x .0625 = 0.000193738125Merrick Unit 2 1125SH - 0.00309981 x .0625 = 0.000193738125Merrick Unit 2 1126SH - 0.00309981 x .0625 = 0.000193738125Merrick Unit 2 1127SH - 0.00309981 x .0625 = 0.000193738125Merrick Unit 2 1128SH - 0.00309981 x .0625 = 0.000193738125Merrick Unit 2 1147SH - 0.00309981 x .0625 = 0.000193738125 Merrick Unit 2 1105BH - 0.00309981 x .0625 = 0.000193738125Merrick Units 1&2 Allocation 1145SH - 0.00154991 x .0625 = 0.000096869375

Merrick Unit #2 Production - see Lot #16.1

Decimal Interest

0.000193738125, 0.000096869375

Lease Name

Merrick Unit 2

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

Lot #16.1 Royalty Interest/Minerals

Operator

XTO Energy, Inc.

Legal Description

Sec 4, Blk 35, T2N, TPRR

County & State

Martin, TX

Net Income

$1,446.78

(7 mo)

$206.68/mo

See Lot #16 for revenue and decimal interest breakdown.

Merrick Unit #2 ProductionYear Month (mcf) (bbl)2018 12 224 3,5432019 01 435 3,4802019 02 14,7192019 03 100,689 43,4352019 04 99,746 49,1982019 05 95,318 158,0542019 06 163,263 150,8372019 07 173,576 142,7272019 08 267,752 150,4052019 09 206,855 116,2362019 10 281,250 115,1212019 11 262,519 109,506

Seller Comments:

Decimal Interest

0.000193738125, 0.000096869375

Lease Name

Merrick Unit 2

Lot #16.2 Royalty Interest/Minerals

Operator

XTO Energy, Inc.

Legal Description

Sec 4, Blk 35, T2N, TPRR

County & State

Martin, TX

Net Income

$1,446.78

(7 mo)

$206.68/mo

See Lot #16 and 16.1Seller Comments:

Decimal Interest

0.000193738125, 0.000096869375

Lease Name

Merrick Unit 2

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

Lot #16.3 Royalty Interest/Minerals

Operator

XTO Energy, Inc.

Legal Description

Sec 4, Blk 35, T2N, TPRR

County & State

Martin, TX

Net Income

$1,446.78

(7 mo)

$206.68/mo

See Lot #16 and 16.1Seller Comments:

Decimal Interest

0.000193738125, 0.000096869375

Lease Name

Merrick Unit 2

Lot #16.4 Royalty Interest/Minerals

Operator

XTO Energy, Inc.

Legal Description

Sec 4, Blk 35, T2N, TPRR

County & State

Martin, TX

Net Income

$1,446.78

(7 mo)

$206.68/mo

See Lot #16 and 16.1Seller Comments:

Decimal Interest

0.000193738125, 0.000096869375

Lease Name

Merrick Unit 2

Lot #16.5 Royalty Interest/Minerals

Operator

XTO Energy, Inc.

Legal Description

Sec 4, Blk 35, T2N, TPRR

County & State

Martin, TX

Net Income

$1,446.78

(7 mo)

$206.68/mo

See Lot #16 and 16.1Seller Comments:

Decimal Interest

0.000193738125, 0.000096869375

Lease Name

Merrick Unit 2

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

Lot #16.6 Royalty Interest/Minerals

Operator

XTO Energy, Inc.

Legal Description

Sec 4, Blk 35, T2N, TPRR

County & State

Martin, TX

Net Income

$1,446.78

(7 mo)

$206.68/mo

See Lot #16 and 16.1Seller Comments:

Decimal Interest

0.000193738125, 0.000096869375

Lease Name

Merrick Unit 2

Lot #16.7 Royalty Interest/Minerals

Operator

XTO Energy, Inc.

Legal Description

Sec 4, Blk 35, T2N, TPRR

County & State

Martin, TX

Net Income

$1,446.78

(7 mo)

$206.68/mo

See Lot #16 and 16.1Seller Comments:

Decimal Interest

0.000193738125, 0.000096869375

Lease Name

Merrick Unit 2

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

Lot #17 Operated Lease

Operator

Mar Lou Oil Co., LLC

Legal Description

Sec 11-11-21W

County & State

Trego, KS

Acres

160

API: 15-195-00742, 15-195-22060, 15-195-00978-0002

Plugged #5 11-21-2019

Production Breakdown:Year Month Production (bbl)2018 05 130.522018 07 153.472019 02 164.862019 08 168.22

Seller Comments:

Lease Name

W Walz

Gross BOPD

1

Gross BWPD

135

Click here for drone footage

GWI

100%

NRI

85%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

3/28/57 26725.76 (1994-2019)

013/28/57Arbuckle1

5 - Plugged 11-21-2019

135Cedar Hills2 W Walz

Surface Casing

Production Casing Tubing Rods Pump

PumpingUnit Engine

TankBattery

SeparatorTreator

48-7/8 15 HP 2-200 bbl 12 x 10 welded steel

Lufkin2-1/2 x 1-1/2 x 12

122 mjts 2-7/8

5-1/28-5/8

N/A

N/A

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

Lot #18 Overriding Royalty Interest

Operator

Abercrombie Energy, LLC

Legal Description

Sec 5-16S-27W

County & State

Lane, KS

Acres

160

Net Income

$915.02

(12 mo)

API: 15-101-21666-0001; Lease #132573. NOTE: The lease appears to cover the E/2 W/2 of Section 5. The producing well is in the S/2 E/2 W/2 which was clearly conveyed to us and we are in pay for, but title is not 100% clear for the the north half of that lease (N/2 E/2 W/2) which currently has no production.

Month-Year Income01-2019 $91.4002-2019 $100.3803-2019 $110.2904-2019 $115.0605-2019 $0.0006-2019 $96.4907-2019 $0.0008-2019 $94.4109-2019 $99.9810-2019 $98.9411-2019 $0.0012-2019 $108.13 -----------TOTAL $915.08

Seller Comments:

Decimal Interest

0.01230466

Lease Name

Christian Church

$76.25/mo

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

Lot #19 Royalty Interest/Minerals

Operator

Palomino Petroleum

Legal Description

See comments

County & State

Gove, KS

Acres

220 NMA

Sells by the acre - 220 x price / acre.

The NE/4 of section 2-15S-27W is leased by Palomino Petroleum, Inc for 3 years at 1/6 royalty until 11-7-21 (80 net mineral acres). The NE/4 (less tract) of section 35-14S-27W is leased by Palomino Petroleum, Inc for 3 years at 1/6 royalty until 6-24-22 (60 net mineral acres). The NW/4 section 35-14S-27W is currently unleased (80 net mineral acres).

Seller Comments:

Decimal Interest

1/6 lease. 16.667% royalty

Lease Name

Gove County Minerals/RI

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

Lot #20 Overriding Royalty Interest

Operator

D90 Energy, LLC

Legal Description

W/2 Sec 11-6S-54W

County & State

Lincoln, CO

Acres

160

Net Income

$80,247.78

(17 mo)

API: 05-073-06523 (NW NW Sec 11-6S-54W), 05-073-06552 (SW NW Sec 11-6S-54W), 05-073-06556 (NW SW Sec 11-6S-54W), 05-073-06560 (SE SW Sec 11-6S-54W), 05-073-06559 (SW SW Sec 11-6S-54W)

Net Income by Month:07/2018 $6,797.54 05/2019 $4,631.0308/2018 $5,948.36 06/2019 $3,900.4109/2018 $6,411.89 07/2019 $4,537.4010/2018 $6,121.32 08/2019 $4,275.7111/2018 $4,552.39 09/2019 $4,021.7012/2018 $3,996.39 10/2019 $4,205.0601/2019 $4,481.11 11/2019 $3,309.5302/2019 $4,157.96 TOTAL $80,247.7803/2019 $4,216.00 AVERAGE $4,720.4604/2019 $4,683.98

Annual Production by Well: -------------- Annual Production -------------- API Oil (bbl) Gas (mcf) Water (bbl)05-073-06523 6,012 5,852 31,99605-073-06552 5,842 1,276 30,33405-073-06556 14,239 6,023 70,35505-073-0655905-073-06560 5,422 735 81,357

Seller Comments:

Decimal Interest

0.02

Lease Name

Knudson (Big Sky Wells)

Gross BOPD86

Gross MCFD38

$4,720.46/mo

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

Lot #21 Operated Lease

Operator

Hummon Corporation

Legal Description

S/2 SE Sec 24-32S-3W, N/2 NE Sec 25-32S-4W, W/2 SW Sec 30-32S-3W, N/2 NW Sec 30-32S-3W

County & State

Sumner, KS

Lease Name

Hartman Lease - REMOVED

LOT REMOVED

Lot #22 Partial Working Interest

Operator

O'Ryan Oil and Gas

Legal Description

South 80 acres of the R.W. Carter Survey, Abstract 753

County & State

Fisher and Scurry, TX

Acres

80

Gross OpEx

$716.48

Net Income

($542.96)

GWI

0.00110650

NRI

See comments.

(12 mo)Gross Income

$173.52

(12 mo) (12 mo)

$14.46/mo $59.71/mo ($45.25)/mo

API: TXO07B010186 (Lease No. 10186)

Decimal Interest:Unit Tract 1 - 0.00103049 NRIUnit Tract 2 - 0.00103049 NRIUnit Tract 4 - 0.00103049 NRIUnit Tract 5 - 0.00103049 NRIUnit Tract 6 - 0.00099962 NRIUnit Tract 7 - 0.00099962 NRIUnit Tract 8 - 0.00082380 NRIUnit Tract 9 - 0.00099190 NRI

Seller Comments:

Lease Name

Ocho Juan Unit

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

Lot #23 Operated Lease

Operator

Hummon Corporation

Legal Description

SW Sec 21-29S-14W

County & State

Pratt, KS

Acres

160

Lease #119279. API: 15-151-21256-0000, 15-151-21288-0001Seller Comments:

Lease Name

Horace

Gross BOPD

3

Gross BWPD

8

Gross MCFD

0

Click here for drone footage

Lease NRI: 78.73%GWI Being Sold: 94.2708%NRI Being Sold: 74.219401%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

03/22/83 8 71573.7033/13/83Lansing / KCHorace 1-21

06/25/83 0 0006/13/83ArbuckleHorace 2-21 SWD

Lot #23.1 Overriding Royalty Interest

Operator

Hummon Corporation

Legal Description

SW Sec 21-29S-14W

County & State

Pratt, KS

Acres

160

Net Income

$1,338.88

(12 mo)

Lease #119279. API: 15-151-21256-0000, 15-151-21288-0001

Net Monthly Income:01-2019 $179.7402-2019 --03-2019 $201.4704-2019 --05-2019 $211.4406-2019 $169.5907-2019 --08-2019 $187.8109-2019 --10-2019 $186.1011-2019 --12-2019 $202.73

Seller Comments:

Decimal Interest

0.02870000

Lease Name

Horace (Wells 1-21, 2-21)

Gross BOPD3

Gross MCFD0

$111.57/mo

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

Lot #24 Open Minerals

Legal Description

Sec 27-7S-14E

County & State

Choctaw, OK

Acres

4.44 NMA

Sells by the acre - 4.44 x price / acre. Open for lease minerals.Seller Comments:

Choctaw County Minerals

Lease Name

Lot #25 Operated Lease

Operator

Hummon Corporation

Legal Description

SW W/2 W/2 SE Sec 5-33S-3W

County & State

Sumner, KS

Lease Name

Muhlenbruch - REMOVED

LOT REMOVED

Lot #26 Leasehold

Operator

Hummon Corporation

Legal Description

S/2 SE and SW Sec 19-32S-18W. N/2 Lot 1 (37.05 acres), Lot 2 (37.15 acres); E/2 NW and NE Sec 30-32S-18W containing 554.2 acres.

County & State

Comanche, KS

Acres

554.2

Undeveloped leasehold.Seller Comments:

Lease Name

Griffith Farms

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

Lot #27 PWI & ORRI

Operator

Unit Petroleum

Legal Description

Sec 26-19N-14W

County & State

Dewey, OK

Gross OpEx

$668.20

Net Income

($78.53)

GWI

0.03012380

NRI

0.02518370

(1 mo)Gross Income

$589.67

(1 mo) (1 mo)

$589.67/mo $668.20/mo ($78.53)/mo

WBOSeller Comments:

Lease Name

McKee C 1 (PWI)

Operator

Unit Petroleum

Legal Description

Sec 26-19N-14W

County & State

Dewey, OK

Net Income

$68.00

(1 mo)

$68.00/mo

WBOSeller Comments:

Decimal Interest

0.00697250

Lease Name

McKee C 1 (ORRI)

Total Lot Net Monthly Income: ($10.53)

Lot #28 Open Minerals

Legal Description

Sec 28-9S-24E

County & State

McCurtain, OK

Acres

5 NMA

Sells by the acre - 5.0 x price / acre. Open for lease minerals.Seller Comments:

McCurtain County Minerals

Lease Name

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

Lot #29 Operated Lease

Operator

Hummon Corporation

Legal Description

N/2 and NW SE Sec 24-3S-24W

County & State

Norton, KS

Acres

360

Lease #118421. API: 15-137-20244-0000, 15-137-20249-0000Seller Comments:

Lease Name

Schoen

Gross BOPD

3.5

Gross BWPD

63

Gross MCFD

0

Click here for drone footage

Lease NRI: 79.5%GWI Being Sold: 95.8333%NRI Being Sold: 76.187474%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

09/21/81 63 10454303.59/14/81Reagan SandSchoen 1-24

011/16/81 0 00010/25/81Cedar HillSchoen 2 SWD

Operator

Hummon Corporation

Legal Description

NW Sec 29-2S-24W

County & State

Norton, KS

Acres

160

Lease #113548. API: 15-137-20169-0000

Other Well Information:* Gross BOPD - SI - 4 bbls when running Gross BWPD - 200 when running

Seller Comments:

Lease Name

Wegener

Gross BOPD

SI *

Gross BWPD

*

Gross MCFD

0

Click here for drone footage

Lease NRI: 82.03125%GWI Being Sold: 98.4375%NRI Being Sold: 80.749512%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

05/20/80 * 147490SI *3/21/80Cedar HillsWegener 1-29

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

Lot #29.1 Overriding Royalty Interest

Operator

Hummon Corporation

Legal Description

N/2 and NW SE Sec 24-3S-24W

County & State

Norton, KS

Acres

360

Net Income

$1,763.90

(12 mo)

Lease #118421. API: 15-137-20244-0000, 15-137-20249-0000

Net Monthly Income:01-2019 $167.6002-2019 --03-2019 --04-2019 $255.9705-2019 $237.2606-2019 $217.1807-2019 --08-2019 $220.3409-2019 $222.3610-2019 $214.0811-2019 --12-2019 $229.11

Seller Comments:

Decimal Interest

0.02714850

Lease Name

Schoen (Wells 1-24, 2-24)

$146.99/mo

Lot #30 Open Minerals

Legal Description

Sec 36-10S-26E

County & State

McCurtain, OK

Acres

5 NMA

Sells by the acre - 5.0 x price / acre. Open for lease minerals.Seller Comments:

McCurtain County Minerals

Lease Name

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

Lot #31 Overriding Royalty Interest

Operator

D90 Energy, LLC

Legal Description

Sec 2-10S-56W

County & State

Lincoln, CO

Acres

640

Net Income

$17,647.22

(15 mo)

Annual Production by Well: -------------- 2019 Production -------------- Well Oil (bbl) Gas (mcf) Water (bbl)05-073-06568 SW NW Sec 2-10S-56W John Craig 4-2 0 0 0

05-073-06477SE NW Sec 2-10S-56W John Craig 6-2 0 0 0 05-073-06413SW NE Sec 2-10S-56W John Craig 7-2 0 0 0

05-073-06549NE NE Sec 2-10S-56WJohn Craig 1-2 5,589 2,486 1,778

Net Income (John Craig 1-2):10/2018 - $1,499.9211/2018 - $1,133.3212/2018 - $1,119.0001/2019 - $1,366.6602/2019 - $1,199.4603/2019 - $1,359.6404/2019 - $1,484.0405/2019 - $1,168.8006/2019 - $1,136.6207/2019 - $ 966.30 08/2019 - $1,258.61 (includes $337.35 #6-2)09/2019 - $1,154.2310/2019 - $ 964.4511/2019 - $ 684.8712/2019 - $1,151.30

Seller Comments:

Decimal Interest

0.0325, 0.01625

Lease Name

John Craig

Gross BOPD15

Gross MCFD7

$1,176.48/mo

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

Lot #32 Royalty Interest

Operator

Chesapeake Energy

Legal Description

See comments.

County & State

Dimmit, TX

Acres

586.5

Net Income

$287.04

(3 mo)

$95.68/mo

19 Producing Horizontal Wells

Production Breakdown:82.74% - Oil10.21% - Gas7.05% - NGL

Cash Flow Represents 1.5% of Check Statements

Net Monthly Income:$90.39 - May 2019$105.76 - Jun 2019$90.89 - Jul 2019

Legal Description:586.50 acres, more or less, being a part of the John Flanders Survey No. 496, Abstract No. 60, and the Jas P. Trezevant Survey No. 499, Abstract No. 710, Dimmit County, Texas, and being further described as Tract One and Tract Two as follows to-wit: Tract One: 486.50 acres, more or less, being a part of the John Flanders Survey No. 496, Abstract No. 60, and the Jas P. Trezevant Survey No. 499, Abstract No. 710, Dimmit County, Texas, and being more particularly described as Subtract A and Subtract B in that certain Royalty Deed dated October 22, 1962, from Louis B. Manka, et ux, to Louis E. Manka, et ai, being recorded in Volume 123, Page 108 of the Deed Records of Dimmit County, Texas; Tract Two: 100.00 acres, more or less, being a part of the Jas P. Trezevant Survey No. 499, Abstract No. 710, Dimmit County, Texas, and being more particularly described in that certain Royalty Deed dated October 22, 1962, from Louis B. Manka, et ux, to Louis E. Manka, et ai, being recorded in Volume 123, Page 110 of the Deed Records of Dimmit County, Texas

Seller Comments:

Decimal Interest

Multiple (see check stubs)

Lease Name

Valley Wells Unit H

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

Lot #33 Overriding Royalty Interest

Operator

KMT

Legal Description

Sec 33-13S-55W and Sec 4-14S-55W

County & State

Lincoln, CO

Acres

1320

Net Income

$2,940.66

(11 mo)

Craig Wells:Craig 4-33 (API 05-073-06370) NW NW 33-13S-55W (no reported production in 2019)Craig 16-32 (API 05-073-06398) SE SE Sec 32-13S-55W (last reported production in 2016)Craig 4-4 (API 05-073-06319) NW NW Sec 4-14S-55W (last reported production in 2018)Craig 12-33 (API 05-073-06365) NW SW Sec 33-13S-55W (last reported production in 2014)Craig 6-4 (API 05-073-06404) SE NW Sec 4-14S-55W (last reported production in 2013)

-------------- 2018* Production -------------- Well Oil (bbl) Gas (mcf) Water (bbl)05-073-06370 (NW NW Sec 3-13S-55W) 0 0 005-073-06398 (SE SE Sec 32-13S-55W) 0 0 005-073-06319 (NW NW Sec 4-14S-55W) 2,106 2,100 6,30505-073-06365 (NW SW Sec 33-13S-55W) 0 0 005-073-06404 (SE NW Sec 4-14S-55W) 0 0 0

*No 2019 production reported on the COGCC database.

Craig 4-4 (0.0125 & 0.0075) Income:02/2019 - $365.7403/2019 - $212.2404/2019 - $388.88 (includes $40.00 from Craig 12-33)05/2019 - $219.8906/2019 - $3312307/2019 - $356.3008/2019 - $163.2809/201910/201911/2019 - $219.4712/2019 - $683.63

Seller Comments:

Decimal Interest

0.0125, 0.0075

Lease Name

Craig Lease

$267.33/mo

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

Lot #34 Operated Lease

Operator

Hummon Corporation

Legal Description

N/2 NW, N/2 S/2 NW Sec 14-26S-16W

County & State

Edwards, KS

Acres

120

Lease #126512, 221396. API: 15-047-21275-0000

Other Well Infomration:* Gross BOPD - 0.25 when running; Gross MCFD - 20 when running

Seller Comments:

Lease Name

Schultz

Gross BOPD

*

Gross BWPD

5

Gross MCFD

*

Click here for drone footage

Lease NRI: 82.03125%GWI Being Sold: 85.4166%NRI Being Sold: 70.068305%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

20349712/1/86 5 22502*SI *11/22/86Lansing "H"Schultz 1

Lot #35 Royalty Interest

Operator

Chaparral Energy

Legal Description

Sec 22-16N-6W

County & State

Kingfisher, OK

Acres

0.666 NMA

Net Income

$377.82

(4 mo)

$94.46/mo

Held by production at 1/5th lease.

Net Income:Check Date Amount11-2019 $95.2110-2019 $185.8608-2019 $96.75

Seller Comments:

Decimal Interest

0.0002833

Lease Name

King Koopa 1 - 6 Wells

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

Lot #36 Royalty Interest

Operator

Wagner Oil Company

Legal Description

See comments.

County & State

Jefferson, TX

Acres

380.24

Net Income

$217.55

(3 mo)

$72.52/mo

3 Producing Horizontal Wells

Production Breakdown:94.88% - Oil0.55% - Gas4.58% - NGL

Cash Flow Represents 20% of Check Statements

Net Monthly Income:$70.26 - Jul 2019$79.56 - Aug 2019$67.73 - Sep 2019

Legal Description:199.57 acres of land, more or less, being a part of the David Choate Survey, Abstract 11, Jefferson County, Texas and being the same land described in two (2) tracts as follows: Tract 1: Being 19.90 acres of land, more or less, and being the first tract awarded to D. F. Sanders in a Partition Deed dated August 13, 1957 between D. F. Sanders and Alto V. Watson, et al and recorded in Volume 1079, Page 80 of the Deed Records of Jefferson County, Texas. Tract 2: Being 180.67 acres of land, more or less, being the sale land described in an Agreement dated November 21, 1974, by and between D. F. Sanders and Bill J. Sanders and recorded in Volume 1858, SAVE AND EXCEPT that certain 1.00 acre of land, more or less, described in a Deed dated June 30, 1930 by and between F. W. Bridgeman and N. E. Laidecker and recorded in Volume 347, Page 233 of the Deed Records of Jefferson County, Texas.

Seller Comments:

Decimal Interest

0.0066444, 0.0075936, 0.00330248

Lease Name

Maness Gas Unit

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

Lot #37 Open Minerals

Legal Description

Sec 25-10N-18W

County & State

Washita, OK

Acres

0.390625

Chesapeake Exploration pooled adjacent 19-10N-17W Washita on 7/27/10 for $1,000 3/16th.Seller Comments:

Washita County Minerals

Lease Name

Lot #38 Royalty Interest

Operator

Magnolia Oil & Gas

Legal Description

See comments.

County & State

Montgomery, TX

Acres

10.006

Net Income

$228.57

(6 mo)

$38.10/mo

1 Producing Horizontal Well

Production Breakdown:0% - Oil100% - Gas0% - NGL

Cash Flow Represents 100% of Check Statements

Net Monthly Income:$39.98 - Feb 2019$47.36 - Mar 2019$38.62 - Apr 2019$38.64 - May 2019$29.87 - Jun 2019$34.10 - Jul 2019

Legal Description:10.006 acres of land, more or less, situated in the Nancy Lynch Survey, A-309, Montgomery County, Texas and being the same tract described in that certain Warranty Deed with Vendor's Lien dated April 20, 2007, from Phillip W. Ketkoski to Frank Szymczak and wife, Jennifer Szymczak, as recorded in Film Code No. 330-11-1918 and File No. 2007-046788 of the Official Public Records of Montgomery County, Texas.

Seller Comments:

Decimal Interest

0.00109150

Lease Name

Longstreet Unit H

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

Lot #39 Partial Working Interest

Operator

Chieftain Oil Co., Inc.

Legal Description

SE & NW & SW Sec 3-34S-11W

County & State

Barber, KS

Acres

480

Gross OpEx

$2,055.34

Net Income

$3,937.80

GWI

0.015625

NRI

0.013672, 0.01367187, 0.015625

(12 mo)Gross Income

$5,993.14

(12 mo) (12 mo)

$499.43/mo $171.28/mo $328.15/mo

6 wells and 1 SWD. Decimal Interest: 0.013672 (6 Wells), 0.01367187 (SWD 0il), 0.015625 (SWD Water). API: 15-007-22903, 15-007-23077, 15-007-23087, 15-007-23176, 15-007-23447, 15-007-24245, 15-007-23177.Lease #227090, 137129, 146517

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Targa Pipeline Mid-Continent West OK LLC (Gas).

Seller Comments:

Lease Name

Diel

Operator

Chieftain Oil Co., Inc.

Legal Description

SE Sec 22-33S-11W

County & State

Barber, KS

Acres

160

Gross OpEx

$1,208.70

Net Income

($538.59)

GWI

0.015625

NRI

0.01269531

(12 mo)Gross Income

$670.11

(12 mo) (12 mo)

$55.84/mo $100.73/mo ($44.88)/mo

2 wells. Houlton A #2 had a pumping unit gear box repair.

API: 15-007-23334 & 15-007-23449; Lease #231652, 140130

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Targa Pipeline Mid-Continent West OK LLC (Gas).

Seller Comments:

Lease Name

Houlton A

Operator

Chieftain Oil Co., Inc.

Legal Description

SW Sec 23-33S-11W

County & State

Barber, KS

Acres

160

Gross OpEx

$541.90

Net Income

$275.06

GWI

0.015625

NRI

0.01269531

(12 mo)Gross Income

$816.96

(12 mo) (12 mo)

$68.08/mo $45.16/mo $22.92/mo

2 wells. API: 15-007-23203; 15-007-23867; Lease #230173, 139177

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Targa Pipeline Mid-Continent West OK LLC (Gas).

Seller Comments:

Lease Name

Houlton C

Total Lot Net Monthly Income: $306.19

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

Lot #40 Royalty Interest

Operator

Marathon Oil Co

Legal Description

See comments.

County & State

Karnes, TX

Acres

371.25

Net Income

$377.19

(3 mo)

$125.73/mo

21 Producing Horizontal Wells

Production Breakdown: 90.68% - Oil7.722% - Gas2.10% - NGL

Cash Flow Represents 25% of Check Statements

Net Monthly Income:$153.20 - Aug 2019$122.70 - Sep 2019$101.29 - Oct 2019

Legal Description:150.00 acres of land, more or less, out of the Francisco Ruiz Grant, Abstract No.9, Karnes County, Texas, as more particularly described by metes and bounds in a Mineral Deed from Max Otto to Clyde G. Eckols, dated January 15, 1935, and recorded in Volume 103, Pages 473, et seq. of the Deed Records of Karnes County, Texas. 221.25 acres of land, more or less, situated in the Daniel Buckley Survey, Abstract No. 30, and being more particularly described in that certain Warranty Deed dated April 15, 1998 from Walter Otto and wife, Stella Otto to Marvin H. Witte and wife, Mary Ruth Witte, and Richard W. Witte and wife, Elizabeth A. Witte, recorded at Volume 713, Page 624, in the Official Records of Karnes County, Texas. All interests as further described in Document No. 00093561, V950 P869, Karnes County Texas.

Seller Comments:

Decimal Interest

Multiple (see check stubs)

Lease Name

Brysch-Jonas, Zaeske-Eckols, Yosko

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

Lot #41 Overriding Royalty Interest

Operator

D90 Energy, LLC

Legal Description

E/2 Sec 10-6S-54W

County & State

Lincoln, CO

Acres

320

Net Income

$66,416.95

(13 mo)

Annual Production by Well: -------------- 2019 Production -------------- Well Oil (bbl) Gas (mcf) Water (bbl)05-073-06520 NE NE Sec 10-6S-54W Taos 1-10 19,795 16,590 51,569

05-073-06361SE NE Sec 10-6S-54W Steamboat Hansen 15,786 4,730 41,684

05-073-06528SE SE Sec 10-6S-54WSilverton 16-10 4,272 8,300 63,248

Net Income:12/2018 - $5,197.5901/2019 - $5,561.1702/2019 - $5,073.6303/2019 - $5,907.7304/2019 - $6,298.8005/2019 - $5,351.7906/2019 - $5,208.2607/2019 - $4,776.1408/2019 - $4,887.6109/2019 - $5,069.7310/2019 - $4,387.2811/2019 - $3,674.0612/2019 - $5,023.16

Seller Comments:

Decimal Interest

0.01559615, 0.00467885

Lease Name

Steamboat (Hansen)

Gross BOPD109

Gross MCFD81

$5,109.00/mo

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

Lot #42 Royalty Interest

Operator

Mosbacher Energy Company

Legal Description

See comments.

County & State

Live Oak, TX

Net Income

$207.95

(3 mo)

$69.32/mo

4 Producing Vertical Wells

Production Breakdown:100% - Oil0% - Gas0% - NGL

Cash Flow Represents 50% of Check Statements

$63.49 - Jul 2019$70.42 - Aug 2019$74.04 - Sep 2019

Legal Description:(1): Mineral interests in Ferrell 20009218; Mosbacher Ener/Ramirena (Yegua #6), AB 287/McGinnis LC Sur; .015625 R; Live Oak County, Texas.(2): Mineral interests in Ferrell Isabel R-A 20002238; Mosbacher Ener/Ramirena (Yegua #6), AB 287/McGinnis LC Sur; .015624 R; Live Oak County, Texas.(3): Mineral interests in Ferrel Isabel R-C 20002398; Marwell Petrol/Ramirena (Yegua #2); AB 287/LG McGinnis Sur; .015625 R; Live Oak County, Texas.(4) Mineral interests in Robinson/Ferreli W#01 20008398; Mosbacher Ener/Ramirena (Yegua #6), AB 283/McCampbeil B Sur; .014313 R; Live Oak County, Texas.

Seller Comments:

Decimal Interest

0.0028625, 0.003125

Lease Name

Ferrell, Robinson

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

Lot #43 Partial Working Interest

Operator

Chieftain Oil Co., Inc.

Legal Description

SW Sec 14-33S-11W

County & State

Barber, KS

Acres

160

Gross OpEx

$92.44

Net Income

($92.44)

GWI

0.015625

NRI

0.01367188

(12 mo)Gross Income

$0.00

(12 mo) (12 mo)

$0.00/mo $7.70/mo ($7.70)/mo

1 well. The well is shut in.

API: 15-007-23062; Lease #229514, 138072

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Targa Pipeline Mid-Continent West OK, LLC (Gas).

Seller Comments:

Lease Name

Circle A

Operator

Chieftain Oil Co., Inc.

Legal Description

NE & SE Sec 14-33S-11W

County & State

Barber, KS

Acres

320

Gross OpEx

$519.54

Net Income

$149.56

GWI

0.015625

NRI

0.01367188

(12 mo)Gross Income

$669.10

(12 mo) (12 mo)

$55.76/mo $43.30/mo $12.46/mo

2 wells.

API: 15-007-20279-0001; 15-007-23239; Lease #229096, 138363

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Targa Pipeline Mid-Continent West OK, LLC (Gas).

Seller Comments:

Lease Name

Circle B

Operator

Chieftain Oil Co., Inc.

Legal Description

NW & SW Sec 13-33S-11W

County & State

Barber, KS

Acres

320

Gross OpEx

$743.23

Net Income

$650.35

GWI

0.015625

NRI

0.01367188, 0.015625

(12 mo)Gross Income

$1,393.58

(12 mo) (12 mo)

$116.13/mo $61.94/mo $54.20/mo

2 wells and 1 SWD. API: 15-007-23127; 15-007-23173; 15-007-23128; Lease #229196, 138551

Decimal interest: 0.01367188 (#1, #2 & SWD Oil); 0.015625 (SWD Water)

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Targa Pipeline Mid-Continent West OK, LLC (Gas).

Seller Comments:

Lease Name

Circle C

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

Operator

Chieftain Oil Co., Inc.

Legal Description

NW Sec 14-33S-11W

County & State

Barber, KS

Acres

160

Gross OpEx

$376.77

Net Income

($58.67)

GWI

0.015625

NRI

0.01318359

(12 mo)Gross Income

$318.10

(12 mo) (12 mo)

$26.51/mo $31.40/mo ($4.89)/mo

1 well. API: 15-007-23600; Lease #232737, 141682

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Targa Pipeline Mid-Continent West OK, LLC (Gas).

Seller Comments:

Lease Name

Circle D

Operator

Chieftain Oil Co., Inc.

Legal Description

N/2 E/2 Sec 13-33S-11W & W/2 NW Sec 18-33S-10W

County & State

Barber, KS

Acres

240

Gross OpEx

$900.57

Net Income

$374.82

GWI

0.015625

NRI

0.013672

(12 mo)Gross Income

$1,275.39

(12 mo) (12 mo)

$106.28/mo $75.05/mo $31.24/mo

3 wells. API: 15-007-22904; 15-007-23718; 15-007-23717; Lease #226630, 137128, 142363

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Durango Midstream (Gas).

Seller Comments:

Lease Name

Jake

Operator

Chieftain Oil Co., Inc.

Legal Description

S/2 E/2 Sec 13-33S-11W

County & State

Barber, KS

Acres

160

Gross OpEx

$197.83

Net Income

$103.97

GWI

0.015625

NRI

0.01367187

(12 mo)Gross Income

$301.80

(12 mo) (12 mo)

$25.15/mo $16.49/mo $8.66/mo

1 well. API: 15-007-23167; Lease #229617, 138934

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Targa Pipeline Mid-Continent West OK, LLC (Gas).

Seller Comments:

Lease Name

Jake A

Operator

Chieftain Oil Co., Inc.

Legal Description

W/2 NW Sec 18-33S-10W & S/2 E/2 Sec 13-33S-11W

County & State

Barber, KS

Acres

240

Gross OpEx

$58.66

Net Income

($58.66)

GWI

0.015625

NRI

0.01367187

(12 mo)Gross Income

$0.00

(12 mo) (12 mo)

$0.00/mo $4.89/mo ($4.89)/mo

2 wells. The wells are shut in due to gas prices.

API: 15-007-01623-0001; 15-007-23645. Lease #228178, 138365, 141710.

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Durango Midstream (Gas).

Seller Comments:

Lease Name

Newton

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

Operator

Chieftain Oil Co., Inc.

Legal Description

E/2 SE & SW SE Sec 12-33S-11W

County & State

Barber, KS

Acres

120

Gross OpEx

$447.87

Net Income

($96.17)

GWI

0.015625

NRI

0.01367187

(12 mo)Gross Income

$351.70

(12 mo) (12 mo)

$29.31/mo $37.32/mo ($8.01)/mo

2 wells. #2 well is shut in.

API: 15-007-23171; 15-007-23407; Lease #229706, 138837

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Targa Pipeline Mid-Continent West OK, LLC (Gas).

Seller Comments:

Lease Name

Sisters A

Operator

Chieftain Oil Co., Inc.

Legal Description

W/2 SW Sec 7-33S-10W

County & State

Barber, KS

Acres

102

Gross OpEx

$409.38

Net Income

$246.91

GWI

0.015625

NRI

0.01367187

(12 mo)Gross Income

$656.29

(12 mo) (12 mo)

$54.69/mo $34.12/mo $20.58/mo

2 wells. #1 was down because of a gear box leak. Pumping Unit was recently installed and well is back running.

API: 15-007-22988; 15-007-23172; Lease #229618, 137763

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Targa Pipeline Mid-Continent West OK, LLC (Gas).

Seller Comments:

Lease Name

Sisters

Total Lot Net Monthly Income: $101.64

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

Lot #44 Royalty Interest

Operator

RLU Operating, LLC

Legal Description

See comments.

County & State

Medina, TX

Acres

100.297

Net Income

$212.06

(3 mo)

$70.69/mo

6 Producing Vertical Wells

Production Breakdown:100.13% - Oil-0.13% - Gas0% - NGL

Cash Flow Represents 10% of Check Statements

Net Monthly Income:$74.68 - Apr 2019$71.33 - May 2019$66.05 - Jun 2019

Legal Description:100.297 acres of land, more or less, situated about 19.3 miles S 72 degrees E of Hondo, in Medina County, Texas, being 25.559 acres out of Survey No. 66, Abstract No. 1459, William Hawkins, Original Grantee, and 74.738 acres out of Survey No. 417, Abstract No. 1339, Dolly Smitherman, original Grantee, being a portion of that certain 100 acre tract of land described in a Deed to Walter L. Jungmann, from Hulda Lorene Reicherzer, dated February 16, 1952, as recorded in Volume 154 on Page 526 of the Deed Records of Medina County, Texas, and all of that certain 50 acre tract of land described in a Deed to Janet Lee Reicherzer Miller from Walter L. Jungmann, Independent Executor of the Estate of Arnold O. Reicherzer, dated August 15,1967, as recorded in Volume 218 on Page 376, of the Deed Records of Medina County, Texas, and being more particularly described by metes and bounds in Exhibit A of that certain Correction Mineral Warranty Deed filed as instrument number 2016003346 on May 16, 2016 in the Deed Records of Medina County, Texas.

Seller Comments:

Decimal Interest

0.01838336

Lease Name

Biediger

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

Lot #45 Partial Working Interest

Operator

Chieftain Oil Co., Inc.

Legal Description

N/2 Sec 11-33S-10W

County & State

Barber, KS

Acres

320

Gross OpEx

$358.84

Net Income

($80.05)

GWI

0.03125

NRI

0.02734380

(12 mo)Gross Income

$278.79

(12 mo) (12 mo)

$23.23/mo $29.90/mo ($6.67)/mo

1 well. API: 15-007-22740. Well was shut in for several months due to the road being washed out from all the rain in 2019.

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Durango Midstream (Gas).

Seller Comments:

Lease Name

Cheryl

Operator

Chieftain Oil Co., Inc.

Legal Description

S/2 Sec 2-33S-10W

County & State

Barber, KS

Acres

320

Gross OpEx

$144.13

Net Income

($15.18)

GWI

0.03125

NRI

0.02734370

(12 mo)Gross Income

$128.95

(12 mo) (12 mo)

$10.75/mo $12.01/mo ($1.27)/mo

1 well. API: 15-007-22756, Lease #224759

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Durango Midstream (Gas).

Seller Comments:

Lease Name

Jamie

Operator

Chieftain Oil Co., Inc.

Legal Description

W/2 NW Sec 27-32S-10W

County & State

Barber, KS

Acres

76

Gross OpEx

$30.74

Net Income

($30.74)

GWI

0.015625

NRI

0.01367188

(12 mo)Gross Income

$0.00

(12 mo) (12 mo)

$0.00/mo $2.56/mo ($2.56)/mo

1 well. API: 15-007-22812. The well is shut in.

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Durango Midstream (Gas).

Seller Comments:

Lease Name

Jo

Operator

Chieftain Oil Co., Inc.

Legal Description

S/2 Sec 11-33S-10W

County & State

Barber, KS

Acres

320

Gross OpEx

$273.16

Net Income

$178.46

GWI

0.03125

NRI

0.02734375

(12 mo)Gross Income

$451.62

(12 mo) (12 mo)

$37.64/mo $22.76/mo $14.87/mo

1 well. Flowing gas well.

API: 15-007-22742.

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Durango Midstream (Gas).

Seller Comments:

Lease Name

Kristi

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

Operator

Chieftain Oil Co., Inc.

Legal Description

E/2 NE & E/2 SE Sec 34-32S-10W

County & State

Barber, KS

Acres

160

Gross OpEx

$1,108.70

Net Income

$144.39

GWI

0.03125

NRI

0.02734375

(12 mo)Gross Income

$1,253.09

(12 mo) (12 mo)

$104.42/mo $92.39/mo $12.03/mo

2 wells. API: 15-007-22727; 15-007-22868.

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Durango Midstream (Gas).

Seller Comments:

Lease Name

Mary (M)

Operator

Chieftain Oil Co., Inc.

Legal Description

NW NW Sec 2-33S-10W & Lots 1, 2, 3 Sec 3-33S-10W

County & State

Barber, KS

Acres

160

Gross OpEx

$1,475.96

Net Income

($168.02)

GWI

0.03125

NRI

0.02734375

(12 mo)Gross Income

$1,307.94

(12 mo) (12 mo)

$109.00/mo $123.00/mo ($14.00)/mo

2 wells. API: 15-007-22731; 15-007-22644-0001.

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Durango Midstream (Gas).

Seller Comments:

Lease Name

Ruby

Operator

Chieftain Oil Co., Inc.

Legal Description

SE Sec 6-34S-10W

County & State

Barber, KS

Acres

160

Gross OpEx

$1,508.31

Net Income

$1,017.58

GWI

0.03125

NRI

0.02734375

(12 mo)Gross Income

$2,525.89

(12 mo) (12 mo)

$210.49/mo $125.69/mo $84.80/mo

2 wells. API: 15-007-23160; 15-007-23840.

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Targa Pipeline Mid-Continent West OK, LLC (Gas).

Seller Comments:

Lease Name

Shirley

Total Lot Net Monthly Income: $87.20

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

Lot #46 Royalty Interest

Operator

New Century Operating, LLC

Legal Description

See comments.

County & State

Burleson, TX

Acres

595.68

Net Income

$204.05

(3 mo)

$68.02/mo

1 Producing Horizontal Well

Production Breakdown:100% - Oil0% - Gas0% - NGL

Cash Flow Represents 15% of Check Statements

Net Monthly Income:$60.50 - March 2019$73.89 - April 2019$69.66 - May 2019

Legal Description:595.68 acres of land, more or less, encompassing the Kubena F Unit No.1 H, being the same unit described in Amendment to Designation of Unit filed as Document 00007316 in Volume 1119, Page 370 of the Official Public Records of Burleson County, Texas, and being further described and depicted on the plat in Exhibit B of that same document.

Seller Comments:

Decimal Interest

0.00501282

Lease Name

Kubena F Unit H

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

Lot #47 Operated Lease

Operator

Hummon Corporation

Legal Description

Sec 11-32S-31W

County & State

Seward, KS

Acres

640

Lease #228811, 138531. API: 15-175-22077-0000.Seller Comments:

Lease Name

Dreitz

Gross BOPD

0

Gross BWPD

0

Gross MCFD

0

Click here for drone footage

Lease NRI: 78.25%GWI Being Sold: 96.875%NRI Being Sold: 75.804688%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

1400244/11/07 0 4583.680011/22/07Chester SandDreitz 1-11

Operator

Hummon Corporation

Legal Description

S/2 Sec 1, All Sec 12-32S-31W

County & State

Seward, KS

Acres

960

Lease #135870, 224017. API: 15-175-20529Seller Comments:

Lease Name

Eakes

Gross BOPD

6

Gross BWPD

8

Gross MCFD

33

Click here for drone footage

Lease NRI: 81.25%GWI Being Sold: 92.4375%NRI Being Sold: 75.105469%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

2388907/17/02; 12/11/14

8 10986.929678.92

3366/11/02MarmatonEakes 1-12

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

Lot #48 Royalty Interest

Operator

Riviera Operating, LLC

County & State

Stanton, KS

Acres

213.33 NMA

Net Income

$3,601.32

(12 mo)

$300.11/mo

Seller is transferring 1/3 interest in E/2 Sec 21-29S-39S AND 1/3 interest in W/2 Sec 22-29S-39W - Stanton Co, KS. 213.33 nma more or less.

Final sale must be approved by trustees.

Producing Minerals Comprised of these leases:Shore B-4 ATU-134 (API: 15-187-00197; Lease #203484) 0.00325512 - $6.36/moShore B-5 ATU-223 (API: 15-187-21265; Lease #234050) 0.00716146 - $29.44/moMcIver 3 AGU-45 (API: 15-187-21303; Lease #234293) 0.00325522 - $9.64/moFirst Nat. Bank A-5 ATU 20 (API: 15-187-21304; Lease #234291) 0.00716147 - $39.00/moFed Land Bank C1 (API: 15-187-00196; Lease #201185) 0.01562501 - $29.12/moFed Land Bank C2 (API: 15-187-20082; Lease #206758) 0.01562501 - $52.17/moFed Land Bank C3 (API: 15-187-20591; Lease #217833) 0.01562501 - $31.45/moShore Gas UT B1 (API: 15-187-00197; Lease #203484) 0.01302082 - $38.49/moShore Gas UT B2 - 0.01302082 - $32.06/moShore Gas UT B3HI (API: 15-187-20514; Lease #217723) 0.01302082 - $32.38/mo

Seller Comments:

Lease Name

Withall Trust Royalties

Lot #49 Partial Working Interest

Operator

D&J Oil Co.

Legal Description

Sec 3-24N-7W

County & State

Garfield, OK

Gross OpEx

$82.00

Net Income

($72.00)

GWI

0.03

NRI

0.0237

(1 mo)Gross Income

$10.00

(1 mo) (1 mo)

$10.00/mo $82.00/mo ($72.00)/mo

Leasehold included. Drilling potential.Seller Comments:

Lease Name

Ken-Rae 1-30

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

Lot #50 Royalty Interest

Operator

Pioneer Natural Resources USA, Inc.

Legal Description

See comments.

County & State

DeWitt, TX

Acres

286.141

Net Income

$300.85

(3 mo)

$100.28/mo

2 Producing Horizontal Wells

Production Breakdown:7.656% - Oil92.34% - Gas0.00% - NGL

Cash Flow Represents 30% of Check Statements

Net Monthly Income:$93.70 - Apr 2019$118.15 - May 2019$89.00 - Jun 2019

Legal Description: Being all that certain parcel or tract of land, containing 286.141 acres, located in DeWitt County, Texas, a part of the J. J. Tumlinson league, Abs. #45, is a part of that 286.15-acre tract described in Deed to Erna B. Koehler from T.O. Buchel et al, dated December 1, 1927, recorded in Volume 97, Page 55, Deed Records of DeWitt County, Texas.

Seller Comments:

Decimal Interest

0.0069635200

Lease Name

Stiles Gas Unit

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

Lot #51 Royalty Interest

Operator

Robert P. Wilson, Inc.

Legal Description

NE Sec 36-28S-37W

County & State

Grant, KS

Acres

160

Net Income

$33.09

(12 mo)

$2.76/mo

Lease #203780. API: 15-067-00567Seller Comments:

Decimal Interest

0.0013813000

Lease Name

Smith 1-36

Operator

Robert P. Wilson, Inc.

Legal Description

S/2 S/2 N/2 N/2 Sec 35-28S-37W

County & State

Grant, KS

Acres

40

Net Income

$19.32

(12 mo)

$1.61/mo

Lease #220315. API: 15-067-21302Seller Comments:

Decimal Interest

0.0013813000

Lease Name

Smith 2-I

Operator

Merit Energy Co

Legal Description

SE SE NW NW Sec 36-28S-37W

County & State

Grant, KS

Acres

2.5

Net Income

$34.18

(12 mo)

$2.85/mo

Lease #208627. API: 15-067-20294Seller Comments:

Decimal Interest

0.00138100

Lease Name

Smith A-1

Operator

Scout Energy Mgmt, LLC

Legal Description

Sec 6-28S-36W

County & State

Grant, KS

Net Income

$107.74

(17 mo)

$6.34/mo

API: 15-067-00146, -20299, -21139; Lease #201591, 207348, 217342Seller Comments:

Decimal Interest

0.00052503, 0.00067300

Lease Name

Horner 1, 2, 3

Total Lot Net Monthly Income: $13.55

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

Lot #51.1 Royalty Interest

Operator

Riviera Operating, LLC

Legal Description

See comments

County & State

Grant, Kearny, Hamil

Net Income

$3,686.25

(11 mo)

$335.11/mo

Leases included Legal County Decimal Sullivan 1-5 05-29S-37W Grant Sullivan 1-7 07-29S-37W Grant Sullivan B-1 01-29S-38W Grant Sullivan 2-7 07-29S-37W Grant Sullivan B2 01-29S-38W Grant Williams EB2 29-27S-37W Grant Sullivan 3-5 05-29S-37W Grant Sullivan 3-7 07-29S-37W Grant Sullivan B3HI 01-29S-38W Grant Williams EB 3HI 29-27S-37W Grant Williams EB 4 29-27S-37W Grant Sullivan 2-5R 05-29S-37W Grant Bayer Etal ATU1 05-29S-37W Grant Heisinger 1 06-25S-38W Kearny Heisinger 2 06-25S-38W Kearny RT Beaty 4 ATU-99 Hamilton

0.005195800 0.012943800 0.010390700 0.012943800 0.010390700 0.016276000 0.005195800 0.012943800 0.010390700 0.001627600 0.001627600 0.005195800 0.001298950 0.015619800 0.015619800 0.015619800

TR1 25%

Revenue:Month Revenue01-2019 $445.8802-2019 $545.1503-2019 $476.9704-2019 $358.8305-2019 $365.2006-2019 $311.7307-2019 $220.0408-2019 $224.3309-2019 $232.5510-2019 $246.9011-2019 NO CHECK provided12-2019 $258.67

11 month average $335.11

Seller Comments:

Decimal Interest

Multi

Lease Name

Riviera Multi Well Lot

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

Lot #52 Operated Lease

Operator

Hummon Corporation

Legal Description

See comments*

County & State

Clark, KS

Acres

368

Lease #133153, 220500. API: 15-025-21124-0000

*Legal Description: All of Sec 10-33S-21W that is north of the railroad right of way, except for the NW/4 SW/4 laying north of the railroad right of way consisting of 368 acres.

Seller Comments:

Lease Name

Koehn

Gross BOPD

0.25

Gross BWPD

0.5

Gross MCFD

25

Click here for drone footage

Lease NRI: 82.03125%GWI Being Sold: 100%NRI Being Sold: 82.03125%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

4110743/9/95 0.5 2587250.251/6/95MorrowKoehn 1

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

Lot #52.1 Overriding Royalty Interest

Operator

Hummon Corporation

Legal Description

See comments*

County & State

Clark, KS

Acres

368

Net Income

$987.81

(12 mo)

Lease #133153, 220500. API: 15-025-21124-0000

*Legal Description: All of Sec 10-33S-21W that is north of the railroad right of way, except for the NW/4 SW/4 laying north of the railroad right of way consisting of 368 acres.

Net Monthly Income:01-2019 $ 89.9302-2019 $ 69.8303-2019 $ 73.8804-2019 $ 58.9105-2019 $ 18.3206-2019 $ 48.1307-2019 $432.6608-2019 $ 28.0009-2019 $ 32.4610-2019 $ 26.4611-2019 $ 47.7812-2019 $ 61.45

Seller Comments:

Decimal Interest

0.05468750

Lease Name

Koehn 1

$82.32/mo

Lot #53 Royalty Interest

Operator

Harrison-Wright Oil Company, LLC

Legal Description

Sec 1-13N-2E

County & State

Lincoln, OK

Acres

1.4286

Net Income

$0.00

( mo)

/mo

This well was drilled on a 320 LD unit. It's HBP at 1/8. The well was drilled in 1995 and has made 17,174 bo and 115,487 mcf. We've received no revenue due to $100 accrual policy.

Seller Comments:

Decimal Interest

0.00055800

Lease Name

Hogg 1-4

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

Lot #54 Operated Lease

Operator

Hummon Corporation

Legal Description

NW Sec 12-28S-15W

County & State

Pratt, KS

Acres

160

Lease #112430, 209509. API: 15-151-20547-0000.

Unused gas is being vented.

Seller Comments:

Lease Name

Perry

Gross BOPD

1

Gross BWPD

8

Gross MCFD

0

Click here for drone footage

Lease NRI: 82.03125%GWI Being Sold: 94.7916%NRI Being Sold: 77.758734%

Well NumberProducing Formation

Spud Date

Completion Date

Gross BOPD

Gross MCFD

Gross BBL H20/Day

Cum OilProduction

Cum GasProduction

31412010/26/78 8 40450.990 vented19/26/78MississippiPerry 1-12

Lot #55 Partial Working Interest

Operator

D&J Oil Co.

Legal Description

Sec 13-22N-12W

County & State

Major, OK

Gross OpEx

$66.14

Net Income

($40.99)

GWI

.05

NRI

.0375

(1 mo)Gross Income

$25.15

(1 mo) (1 mo)

$25.15/mo $66.14/mo ($40.99)/mo

Leasehold included. Currently 10 mcfd. Drilling potential.Seller Comments:

Lease Name

Betty Fuzzell 1-13

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

Lot #56 Royalty Interest

Operator

Eagleridge Energy, LLC

Legal Description

See comments.

County & State

Ellis, TX

Acres

57.58

Net Income

$518.87

(5 mo)

$103.77/mo

2 Producing Horizontal Wells

Production Breakdown:0% - Oil100% - Gas0% - NGL

Cash Flow Represents 12.5% of Check Statements

Net Monthly Income:$127.66 - May 2019$131.43 - Jun 2019$119.62 - Jul 2019$57.28 - Aug 2019$82.88 - Sep 2019

Legal Description:Assets described in a certain Warranty Deed recorded at Volume 1872, Page 1769 on 8/15/2002 in the Official Public Records of Ellis County, Texas. All that certain tract or parcel of land lying and being situated in the County of Ellis, State of Texas, and being twenty nine and one half acres (29-1/2) of land out of the H. Henderson Survey, described by metes and bounds as follows, to wit: BEGINNING at the SW corner of the William Childress Survey in the north line of the C. L. Dodson Survey an iron pipe set in the ground on the east bank, from which a cotton wood tree twenty inches (20") in diameter bears South 83 N 7 varas; THENCE West with the North line of said Dodson Survey to the NW corner a stone set in the ground in public road; THENE North 25 W with said public road 163 varas to the SW corner of the gin lot; THENCE North 84-1/2 east to a stake; THENCE North 25 W 108 varas to an iron pipe, the NE corner of gin lot; THENCE South 83-112W 81 varas to the center of public road; THENCE North 25 W with public road, 148-1/2 varas to the south boundary line of the Ft. Worth & New Orleans Railroad right of way; THENCE South 73-112east with said boundary line 240 varas to a stake; THENCE North 21-1/2 east 18 varas to stake; THENCE South 74-1/2 east 521 varas to the W. line of William Childress Survey; THENCE South 190 varas to the place of beginning.SAVE AND EXCEPT: A tract of land situated in the County of Ellis, State of Texas, being part of the Hugh Henderson Survey (A-432), containing 0.10 acre, more or less, being more particularly described in Deed from James R. Neal and wife, Vera Neal to the United States of America recorded in Volume 702, Page 33, Deed Records, Ellis County, Texas.SAVE AND EXCEPT: A tract of land situated in the County of Ellis, State of Texas, being part of the Hugh Henderson Survey (A-432), containing 27.98 acres, more or less, being more particularly described in Deed from James R. Neal and wife, Vera Neal to the United States of America recorded in Volume 702, Page 28, Deed Records, Ellis County, Texas.

Seller Comments:

Decimal Interest

0.04282328

Lease Name

Britton Unit H

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

Lot #57 Operated Lease

Operator

Hummon Corporation

Legal Description

Lots 1 and 2 and2 NW Sec 18-33S-3W

County & State

Sumner, KS

Lease Name

Small - REMOVED

LOT REMOVED

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

Lot #58 Partial Working Interest

Operator

Chieftain Oil Co., Inc.

Legal Description

W/2 SE & E/2 SW Sec 34-32S-10W

County & State

Barber, KS

Acres

160

Gross OpEx

$1,805.86

Net Income

($456.69)

GWI

0.03125

NRI

0.02734375

(12 mo)Gross Income

$1,349.17

(12 mo) (12 mo)

$112.43/mo $150.49/mo ($38.06)/mo

2 wells. The wells had a couple pulling unit bills in 2019. Recently installed water pump to lower casing pressure.

API: 15-007-22790; 15-007-22902.

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Durango Midstream (Gas).

Seller Comments:

Lease Name

David

Operator

Chieftain Oil Co., Inc.

Legal Description

NE Sec 9-33S-10W

County & State

Barber, KS

Acres

160

Gross OpEx

$3,208.29

Net Income

($2,522.34)

GWI

0.015625

NRI

0.01367187

(12 mo)Gross Income

$685.95

(12 mo) (12 mo)

$57.16/mo $267.36/mo ($210.20)/mo

3 wells. API: 15-007-22942; 15-007-23848-0001; 15-007-23875-0001. Recently plugged off the Misenor zone and completed the Mississippi zone on the Dusty #2. A 20 tank slick water frac was done on the Dusty #2.

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Durango Midstream (Gas).

Seller Comments:

Lease Name

Dusty

Operator

Chieftain Oil Co., Inc.

Legal Description

S/2 W/2 SE Sec 25-31S-12W

County & State

Barber, KS

Acres

40

Gross OpEx

$554.84

Net Income

$917.79

GWI

0.015625

NRI

0.01318359

(12 mo)Gross Income

$1,472.63

(12 mo) (12 mo)

$122.72/mo $46.24/mo $76.48/mo

1 well. API: 15-007-22930.

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Durango Midstream (Gas).

Seller Comments:

Lease Name

Gary

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

Operator

Chieftain Oil Co., Inc.

Legal Description

E/2 NE Sec 33-32S-10W

County & State

Barber, KS

Acres

80

Gross OpEx

$581.55

Net Income

$22.65

GWI

0.015625

NRI

0.01367187

(12 mo)Gross Income

$604.20

(12 mo) (12 mo)

$50.35/mo $48.46/mo $1.89/mo

2 wells. API: 15-007-22862; 15-007-23301.

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Durango Midstream (Gas).

Seller Comments:

Lease Name

Inslee

Operator

Chieftain Oil Co., Inc.

Legal Description

W/2 NW & N/2 SW Sec 28-32S-10W

County & State

Barber, KS

Acres

160

Gross OpEx

$980.98

Net Income

($423.21)

GWI

0.015625

NRI

0.013672

(12 mo)Gross Income

$557.77

(12 mo) (12 mo)

$46.48/mo $81.75/mo ($35.27)/mo

3 wells. #2 well is shut in. Workover rig expenses in 2019.

API: 15-007-22934; 15-007-22991; 15-007-22992.

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Durango Midstream (Gas).

Seller Comments:

Lease Name

Mary (C)

Operator

Chieftain Oil Co., Inc.

Legal Description

NW Sec 5-33S-10W

County & State

Barber, KS

Acres

159

Gross OpEx

$707.43

Net Income

($37.49)

GWI

0.015625

NRI

0.013672

(12 mo)Gross Income

$669.94

(12 mo) (12 mo)

$55.83/mo $58.95/mo ($3.12)/mo

2 wells. API: 15-007-22933; 15-007-23290.

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Durango Midstream (Gas).

Seller Comments:

Lease Name

Mathews

Operator

Chieftain Oil Co., Inc.

Legal Description

W/2 NE Sec 33-32S-10W

County & State

Barber, KS

Acres

80

Gross OpEx

$175.21

Net Income

$146.96

GWI

0.015625

NRI

0.01367188

(12 mo)Gross Income

$322.17

(12 mo) (12 mo)

$26.85/mo $14.60/mo $12.25/mo

1 well. API: 15-007-22811.

Purchaser: Coffeyville Resources Refining Marketing, LLC (Oil) and Durango Midstream (Gas).

Seller Comments:

Lease Name

Tom

Total Lot Net Monthly Income: ($196.03)

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

Lot #59 Open Minerals

Legal Description

Sec 6-7S-15E

County & State

Choctaw, OK

Acres

4.44 NMA

Sells by the acre - 4.44 x price / acre. Open for lease minerals.Seller Comments:

Choctaw County Minerals

Lease Name

Lot #60 Open Minerals

Legal Description

NE Sec 5-25S-6W

County & State

Reno, KS

Acres

30 NMA (160 gross acres)

Reno County Minerals

Lease Name

Lot #61 Partial Working Interest

Operator

BRG Production Co

Legal Description

SE SE Sec 8-21N-11W

County & State

Major, OK

Gross OpEx

$2,349.48

Net Income

$829.93

GWI

0.02

NRI

0.0154192

(12 mo)Gross Income

$3,179.41

(12 mo) (12 mo)

$264.95/mo $195.79/mo $69.16/mo

API: 35-093-21765, Lease #93059484Seller Comments:

Lease Name

Bertha 8-1

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

Lot #62 Partial Working Interest

Operator

BRG Production Co

Legal Description

NW SE Sec 8-21N-11W

County & State

Major, OK

Gross OpEx

$600.26

Net Income

($347.98)

GWI

0.02

NRI

0.0158092

(12 mo)Gross Income

$252.28

(12 mo) (12 mo)

$21.02/mo $50.02/mo ($29.00)/mo

API: 35-093-21860, Lease #09306282000000Seller Comments:

Lease Name

Bertha 8-2

Lot #63 Partial Working Interest

Operator

BRG Production Co

Legal Description

SE SE Sec 8-21N-11W

County & State

Major, OK

Gross OpEx

$1,006.74

Net Income

$9,950.44

GWI

0.02

NRI

0.01531443

(12 mo)Gross Income

$10,957.18

(12 mo) (12 mo)

$913.10/mo $83.90/mo $829.20/mo

API: 35-093-24980, Lease #09321293300000Seller Comments:

Lease Name

Bertha 8-3

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

Lot #64 Partial Working Interest

Operator

Drop Tine Exploration

Legal Description

Sec 6-32S-13W

County & State

Barber, KS

Gross OpEx

$138.77

Net Income

$681.74

GWI

3%

NRI

83.540625%

(4 mo)Gross Income

$820.51

(4 mo) (4 mo)

$205.13/mo $34.69/mo $170.44/mo

Goes into Brooks disposal, no charge. API: 15-007-22854, Lease #225504, 136828Net Income: Income Expenses Net Income09-2019 $206.51 $20.10 $186.4110-2019 $192.79 $24.88 $167.9111-2019 $221.82 $24.88 $196.9412-2019 $199.39 $68.91 $130.48

Seller Comments:

Lease Name

Dugan Trust B1

Operator

Drop Tine Exploration

Legal Description

Sec 6-32S-13W

County & State

Barber, KS

Gross OpEx

$51.71

Net Income

($51.71)

GWI

3%

NRI

85%

(4 mo) (4 mo)

$12.93/mo ($12.93)/mo

API: 15-007-21886-0001; Lease #215958, 122390, 136724Net Income: Income Expenses Net Income09-2019 $0.00 $12.60 ($12.60)10-2019 $0.00 $26.00 ($26.00)11-2019 $0.00 $6.81 ($6.81)12-2019 $0.00 $6.30 ($6.30)

Seller Comments:

Lease Name

Brook 6-1

Operator

Drop Tine Exploration

Legal Description

Sec 5-32S-13W

County & State

Barber, KS

Gross OpEx

$15.00

Net Income

($15.00)

GWI

3%

NRI

85%

(4 mo) (4 mo)

$3.75/mo ($3.75)/mo

API: 15-007-21753-0001Net Income: Income Expenses Net Income09-2019 $0.00 $6.00 ($6.00)10-2019 $0.00 $3.00 ($3.00)11-2019 $0.00 $3.00 ($3.00)12-2019 $0.00 $3.00 ($3.00)

Seller Comments:

Lease Name

Brook 5-1 SWD

Total Lot Net Monthly Income: $153.76

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

Lot #65 Partial Working Interest

Operator

Jeff's Oilwell Supervision

Legal Description

Sec 5-11S-17W

County & State

Ellis, KS

Gross OpEx

$2,023.00

Net Income

$5,440.00

GWI

0.0625000

NRI

0.0546875

(12 mo)Gross Income

$7,463.00

(12 mo) (12 mo)

$621.92/mo $168.58/mo $453.33/mo

Lease Name

Charolais

Operator

Jeff's Oilwell Supervision

Legal Description

Sec 36-7S-19W

County & State

Rooks, KS

Gross OpEx

$1,219.00

Net Income

($1,085.00)

GWI

0.0625000

NRI

0.0546875

(12 mo)Gross Income

$134.00

(12 mo) (12 mo)

$11.17/mo $101.58/mo ($90.42)/mo

Lease Name

Lindsey

Operator

Jeff's Oilwell Supervision

Legal Description

Sec 14-9S-17W

County & State

Rooks, KS

Gross OpEx

$6,652.00

Net Income

$13,135.00

GWI

0.5000

NRI

0.4375

(12 mo)Gross Income

$19,787.00

(12 mo) (12 mo)

$1,648.92/mo $554.33/mo $1,094.58/mo

Lease Name

Howat

Operator

Jeff's Oilwell Supervision

Legal Description

Sec 1-8S-19W

County & State

Rooks, KS

Gross OpEx

$1,326.00

Net Income

$577.00

GWI

0.0625000

NRI

0.0546875

(12 mo)Gross Income

$1,903.00

(12 mo) (12 mo)

$158.58/mo $110.50/mo $48.08/mo

Lease Name

Farr A

Total Lot Net Monthly Income: $1,505.58

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

Lot #69 Partial Working Interest

Operator

Cirrus Production Co

Legal Description

SW NW Sec 26-22N-14W

County & State

Major, OK

Gross OpEx

$82.35

Net Income

$43.86

GWI

0.00625

NRI

0.0049242

(12 mo)Gross Income

$126.21

(12 mo) (12 mo)

$10.52/mo $6.86/mo $3.66/mo

API: 35-093-22485, Lease #09307520600000Seller Comments:

Lease Name

Noble 2-26

Lot #70 Open Minerals

Legal Description

Sec 21-9N-2W and Sec 1-9N-3W

County & State

Cleveland, OK

Acres

3.5 NMA

21-9N-2W Cleveland 2.50 NMA OPEN01-9N-3W Cleveland 1.00 NMA OPEN

Seller Comments:

Cleveland County Minerals

Lease Name

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

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