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Auction Begins @ 1:14pmLunch Served @ 12:00pmThe Wichita Boathouse
515 S. Wichita StreetWichita, KS 67202
Selected lots in this auction are being sold subject to seller confirmation. If you have any questions regarding this please
call our office.
May 21, 2019
O i l & G a s A s s e t A u c t i o n s
Much more information available atdataroom.mceeauction.com
Exhilarating Auction Number 14
Wichita Eagle ads featuring this auction
BIGGER / BETTER AUCTIONS ... THE MCEE PROMISE!30 ORRI's, 20 producing royalities, 11 operated leases, 12 partial working interests and 30 sellers,
25 lots of scoop and stack leasehold and 9 lots of minerals including scoop and stack
JOIN US FOR OUR 14TH OIL AND GAS AUCTION ON MAY 21ST 2019.BID LIVE AND ONLINE ON MAY 21ST 2019
Registration and lunch buffetat 12:00 noon
Call for more info:Sarah Kate Krehbiel, COO 405-479-4562Charlus Bishop 316-772-3613
Mid-ContinentEnergy Exchange
Auction starts at 1:14 pmWichita Boathouse, 515 South Wichita Street
Freida, “Clear My Schedule -I’m going to the oil and gas auction!”
Join us for our 14th oil and gas auction on May 21, 2019.Bid live and online on 2019
Registration and lunch buffetat 12:00 noon
visit www.mceeauction.com or call:Sarah Krehbiel, COO 405-479-4562Charlus Bishop 316-772-3613
Mid-ContinentEnergy Exchange
Auction starts at 1:14 pmWichita Boathouse, 515 South Wichita Street
Elite Oil & Gas Explorer Since 1969- 316-799-1000
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Office: (913) 837 - 4100 Fax: 1(913) 837 - 2241
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ELI Wireline Services, LLC1327 Noose Road
Hays, Kansas (785) 628-6395
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For tax savings call 785-623-0473
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Proud members and supporters of theKansas Independent Oil & Gas Association
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Amplify Energy Operating, LLCAnadarko E&P Company LP
Antero ResourcesAztec Oil Co. Division
Beren CorporationBlack Stone PetroleumBreitburn Operating, LP
C&R OilCarmen Schmitt, Inc.Castle Resources, Inc.
Chisholm Oil and Gas Operating, LLCCitizen Energy II
Covey Park Operating, LLCCSODA Operating Company, LLC dba H&L Operating Company, LLC
Curt’s Oil Operations, LLCDaMar Resources IncDixon Operating CorpEagle Exploration, LLC
Eagle Oil and Gas CompanyELK Energy Holdings LLCEnervest Operating, LLC
EOG Resources, Inc.Everest Operating LLC
Garo Investment CompanyGHR Energy Corp.
Hilcorp Energy Company, Inc.Hinkle Oil & Gas Inc
Lady Bug Oil CompanyMike Kelso Oil, Inc
Murfin Drilling Company, Inc.Neilco
P&R Oilfield ServicesPalomino Petroleum
Paradise Creek Oil & Gas CompanyPaul Bowman Oil Trust
Petroleum Property Services, Inc.Pickrell Drilling Company, Inc.
Ramsey Nichols Operating Co LLCRed Oak Energy, Inc.
Red Rocks, Orca OperatingRitchie Exploration Inc.
Sabine Oil & Gas CorporationScout Energy Management LLC
StrataKan Exploration, LLCTapstone Energy, LLC
Tengasco, Inc.Texxol Operating Company, Inc.
Thomas Garner Inc.Trans Pacific Oil Corp
Trivium Operating, LLCTwenty/Twenty Oil & Gas Inc
Unit PetroleumUnrein Oil Co
Urban Oil & Gas Group LLCVess Oil CorporationViking Resources Inc
Western Oil and Gas DevelopmentXTO Energy Inc.
MCEE is proud to have properties in this auction operated by the following list of operators!
Lot Lease Name Interest Type OperatorCounty/State
MID-CONTINENT ENERGY EXCHANGEOil and Gas Asset Auctions
Table of Contents for May 21, 2019 Auction
1 Lundell RI GHR Energy Corp, Hilcorp Energy Co IncWebb TX
1.1 Lundell RI GHR Energy Corp, Hilcorp Energy Co IncWebb TX
1.2 Lundell RI GHR Energy Corp, Hilcorp Energy Co IncWebb TX1.3 Lundell RI GHR Energy Corp, Hilcorp Energy Co IncWebb TX
2 Forrest Lindsay Unit RI Scout Energy Mgmt LLCWise TX
3 Scoop and Stack Sec 1 1N 4W
Leasehold Stephens OK
4 Scoop and Stack Sec 10 7N 3W
Leasehold McClain OK
5 Scoop and Stack Sec 11 18N 16W
Leasehold Dewey OK
6 Scoop and Stack Sec 12 1S 2W
Leasehold Carter OK
7 Scoop and Stack Sec 12 5N 3W
Leasehold McClain OK
8 Laton-Gamble ORRI Carmen Schmitt IncRooks KS
9 STSI & Siebenlist ORRI Red Oak EnergyScott, Ness KS10 Buena Vista & Dixon Trust ORRI Trans Pacific Oil Corp, Palomino
PetroleumNess KS
11 Bartley ORRI Sabine Oil & Gas CorpHarrison TX
11.1 Bartley ORRI Sabine Oil & Gas CorpHarrison TX
12 Lippelmann ORRI ELK Energy Holdings LLCThomas KS
12.1 Lippelmann ORRI ELK Energy Holdings LLCThomas KS12.2 Lippelmann ORRI ELK Energy Holdings LLCThomas KS
13 Scoop and Stack Sec 13 6N 3W
Leasehold McClain OK
14 Scoop and Stack Sec 13 7N 3W
Leasehold McClain OK
15 Scoop and Stack Sec 14 5N 7W
Leasehold Grady OK
16 Scoop and Stack Sec 16 1N 2W
Leasehold Garvin OK
Lot Lease Name Interest Type OperatorCounty/State
MID-CONTINENT ENERGY EXCHANGEOil and Gas Asset Auctions
Table of Contents for May 21, 2019 Auction
17 Scoop and Stack Sec 16 5N 7W
Leasehold Grady OK
18 Oxsheer RI Amplify Energy Operating LLCPanola TX
19 Risch RI Texxol Operating Co IncJack TX20 Perth Operated Lease Mike Kelso Oil Inc. Sumner KS
21 Dazey PWI Viking Resources IncGove KS
22 Shinn ORRI & PWI Petroleum Property Services IncSumner KS
23 Wheatland Unit (King) & Wheatland Unit (Draybec)
ORRI Marathon Oil CoCleveland OK
24 Rose 1 ORRI Black Stone PetroleumRush KS
25 Rose 1 RI Black Stone PetroleumRush KS
26 Scoop and Stack Sec 3 1N 6W
Leasehold Stephens OK
27 Scoop and Stack Sec 30 2S 2W
Leasehold Carter OK
28 Scoop and Stack Sec 31 2N 1W
Leasehold Garvin OK
29 Scoop and Stack Sec 33 19N 18W
Leasehold Dewey OK
30 Scoop and Stack Sec 35 3N 6W
Leasehold Grady OK
31 Koochel Mountain ORRI Black Stone PetroleumRush KS
32 Moore ORRI Black Stone PetroleumRush KS
33 McIntyre ORRI Black Stone PetroleumRush KS34 Diamond and Dingus RI Antero ResourcesNoble OH
34.1 Diamond and Dingus RI Antero ResourcesNoble OH
35 Goodman K ORRI Eagle Oil and Gas CoCanadian OK
36 Lot Removed
37 Lot Removed
38 Lot Removed
39 Lot Removed
Lot Lease Name Operator
MID-CONTINENT ENERGY EXCHANGEOil and Gas Asset Auctions
Table of Contents for May 21, 2019 Auction
40 Lot Removed Interest Type County/State
41 Lot Removed
42 D'Asto ORRI Sabine Oil & Gas CorpHarrison TX43 Gaskill Range Bertrand
UnitPWI StrataKan Exploration LLCLogan KS
44 Stanton Kansas Open Minerals
Open Minerals Stanton KS
45 Luerman Weeks Operated Lease Curt's Oil Operations LLCBarton KS
46 Lawson Mary Moncrief Mattie
RI Breitman Operating LPGregg TX
47 Beal Wood RI Trivium Operating LLCGregg, Rusk TX48 Scoop and Stack Sec 2 1N
2WLeasehold Garvin OK
49 Scoop and Stack Sec 20 2N 1W
Leasehold Garvin OK
50 Scoop and Stack Sec 21 7N 3W
Leasehold McClain OK
51 Scoop and Stack Sec 25 7N 3W
Leasehold McClain OK
52 Scoop and Stack Sec 3 1N 3W
Leasehold Garvin OK
52.1 Hrabe Westhusin Operated Lease Garo Investment CoRooks KS53 Egger ORRI Unrein Oil CoEllis KS
54 Davis ORRI Aztec Oil Co DivisionButler KS
55 Cleveland Arkansas Minerals
Open Minerals Cleveland AR
56 Monroe Arkansas Minerals Open Minerals Monroe AR57 Marple & Thorsell Operated Lease P&R Oilfield SvcsWilson KS
58 Scoop and Stack Sec 36 6N 3W
Leasehold McClain OK
Lot Lease Name Interest Type OperatorCounty/State
MID-CONTINENT ENERGY EXCHANGEOil and Gas Asset Auctions
Table of Contents for May 21, 2019 Auction
59 Scoop and Stack Sec 4 1N 3W
Leasehold Garvin OK
60 Scoop and Stack Sec 6 1N 1W
Leasehold Garvin OK
61 Scoop and Stack Sec 7 1N 1W
Leasehold Garvin OK
62 Scoop and Stack Sec 8 5N 7W
Leasehold Grady OK
63 R H Mayer & Mantooth RI XTO Energy IncTexas, Garvin OK
64 Carey RI Scout Energy Mgmt LLCHaskell KS
65 Mace Package RI Merit Energy Ltd, Oxy USA IncHaskell KS
66 Goad PWI Western Oil and Gas DevelopmentGrady, Canadian OK67 Scoop and Stack Sec 31
2N 1WOpen Minerals Garvin OK
68 Clark, Cooper, Ludwick, Mollhagen, Ross, Sieker
PWI Castle Resources IncVarious KS
68.1 Clark, Ludwick ORRI Castle Resources IncRice, Sheridan KS
69 Harrison RI Unit PetroleumTexas OK
70 Rikella ORRI Citizen Energy IICanadian OK71 Keller “P” ORRI Paul Bowman Oil TrustRooks KS
72 Dehner A ORRI Pickrell Drilling Co IncRush KS
73 Scoop and Stack Sec 18 2N 5W
Leased Minerals Stephens OK
74 Bornemann/CCGV ORRI Hinkle Oil & Gas IncCanadian OK75 Poston Warner RI Tapstone Energy LLCHarper KS
76 Boswell, Jobyna, Leon, Rowen, Sides
PWI Red Rocks, Orca OperatingRoger Mills, Harper OK
76.1 Speier Operated Lease Paradise Creek Oil & Gas CoEllis KS
77 Herl Operated Lease Curt's Oil Operations LLCEllis KS78 Choate 0504 10-HW PWI Eagle Exploration LLCMcClain OK
79 Seibert Operated Lease Murfin Drilling Co IncStafford KS
80 Ellis Kansas Minerals Leased Minerals Ellis KS
Lot Lease Name Interest Type OperatorCounty/State
MID-CONTINENT ENERGY EXCHANGEOil and Gas Asset Auctions
Table of Contents for May 21, 2019 Auction
81 K&K 2-31 PWI Urban Oil & Gas Group LLCRawlins KS
82 K&K 2-31 ORRI Urban Oil & Gas Group LLCRawlins KS
83 Curry 1-32 PWI Urban Oil & Gas Group LLCRawlins KS84 Forsyth Unit RI Dixon Operating CorpBarber KS
84.1 Forsyth Unit RI Dixon Operating CorpBarber KS
85 Blank ORRI C&R OilRooks KS
86 LOT #86 REMOVED
87 Blythe, Fincham, Lambert, Miller, Patterson, Schmidt-Connors, Winnie Hill
Operated Lease CSODA Operating Co LLC dba H&L Operating Co LLC
Seward, Haskell KS
88 Calumet-Wilson ORRI
89 Mary 1 ORRI Thomas Garner IncStafford KS
89.1 Mary 1 ORRI Thomas Garner IncStafford KS
90 Caswell Unit RI Enervest Operating LLC, EOG Resources Inc
Montague TX
91 Betz ORRI DaMar Resources IncNess KS
92 George Russell ORRI Everest Operating LLCCanadian OK
93 Holland ORRI Twenty/Twenty Oil & Gas IncGrady OK
94 Mickie Anne ORRI Chisholm Oil and Gas Operating LLCCanadian OK95 Davis, Jennison, Magie,
Petersilie, RichardsPWI Vess Oil CorporationLane, Ness KS
96 Brungardt A & B ORRI Beren CorporationGraham KS
97 Williams Operated Lease Tengasco IncStafford KS
98 Miller Operated Lease Tengasco IncStafford KS99 Allen Dorothy Unit RI Covey Park EnergyRobertson TX
100 J Henry PWI Ramsey Nichols Operating Co LLCCanadian OK
101 Deniston P ORRI Ritchie Exploration IncPratt KS
102 Scoop and Stack Sec 29 2S 4W
Open Minerals Stephens OK
103 Salvaggio-Eaton ORRI Anadarko E&P Company LPBrazos TX104 Guy Oaks RI NeilcoClaiborne LA
Lot Lease Name Interest Type OperatorCounty/State
MID-CONTINENT ENERGY EXCHANGEOil and Gas Asset Auctions
Table of Contents for May 21, 2019 Auction
105 Lonker 1G ORRI Dixon Operating CorpBarber KS
106 Gove Minerals Minerals Gove KS
107 Reno County Minerals Minerals Reno KS108 Arrow C-106 Engine Equipment Ellis KS
109 Griffith 3 ORRI F G Holl Co LLCBarber KS
110 Davis X-15 ORRI F G Holl Co LLCBarber KS
111 Lawrenz 10 ORRI F G Holl Co LLCBarber KS112 Doran PWI White Hawk Oil Co LLPStafford KS
Lot #1 RI
Lease NameLundell
OperatorGHR Energy Corp, Hilcorp Energy Co Inc
Legal DescriptionSee additional document
County & StateWebb, TX
Decimal InterestVarious; see additional document
Net Income$81.55$16.31/mo
Buyer will have the option to buy 4 lots. We are selling 4 identical interests from 4 siblings.6 producing wells on the 9800 and Lobo Cons formations.
Seller Comments:
(5 mo)
Lot #1.1 RI
Lease NameLundell
OperatorGHR Energy Corp, Hilcorp Energy Co Inc
Legal DescriptionSee additional document
County & StateWebb, TX
Decimal InterestVarious; see additional document
Net Income$81.55$16.31/mo
6 producing wells on the 9800 and Lobo Cons formations.Seller Comments:
(5 mo)
Lot #1.2 RI
Lease NameLundell
OperatorGHR Energy Corp, Hilcorp Energy Co Inc
Legal DescriptionSee additional document
County & StateWebb, TX
Decimal InterestVarious; see additional document
Net Income$81.55$16.31/mo
6 producing wells on the 9800 and Lobo Cons formations.Seller Comments:
(5 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #1.3 RI
Lease NameLundell
OperatorGHR Energy Corp, Hilcorp Energy Co Inc
Legal DescriptionSee additional document
County & StateWebb, TX
Decimal InterestVarious; see additional document
Net Income$81.55$16.31/mo
6 producing wells on the 9800 and Lobo Cons formations.Seller Comments:
(5 mo)
Lot #2 RI
Lease NameForrest Lindsay Unit
OperatorScout Energy Mgmt LLC
Legal DescriptionHenderson CSL, Abstract 257
County & StateWise, TX
Decimal InterestVarious; see additional documents
Net Income$163.50$27.25/mo
7 producing wells from Barnett Shale.Seller Comments:
(6 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #3 Leasehold
Lease NameScoop and Stack Sec 1 1N 4W
Legal DescriptionSec 1 1N 4W
County & StateStephens, OK
Acres12.5 Net Leasehold Acres
NRI0.8
There are several scoop and stack leasehold acreages spread out through out the catalog. Each interest is accompanied by a map showing location and proximity to current production. All the leasehold will be sold by the acre - you are bidding on “LEASEHOLD” ….the expiration of said leasehold accompanies each lot as does the NET REVENUE. There should be 5 groups of 5 lots each throughout the catalog. Leasehold expires 1/1/2021. NFX - has 10 Hz wells in 34 & 352N-4W.
Seller Comments:
Acres12.5 Net Leasehold Acres
Lot #4 Leasehold
Lease NameScoop and Stack Sec 10 7N 3W
Legal DescriptionSec 10 7N 3W
County & StateMcClain, OK
Acres1 Net Leasehold Acre
NRI0.8
Leasehold expires 11/1/2021Seller Comments:
Acres1 Net Leasehold Acre
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #5 Leasehold
Lease NameScoop and Stack Sec 11 18N 16W
Legal DescriptionSec 11 18N 16W
County & StateDewey, OK
Acres12.5 Net Leasehold Acres
NRI0.8
Leasehold expires 3/1/2021Seller Comments:
Acres12.5 Net Leasehold Acres
Lot #6 Leasehold
Lease NameScoop and Stack Sec 12 1S 2W
Legal DescriptionSec 12 1S 2W
County & StateCarter, OK
Acres5 Net Leasehold Acres
NRI0.8
Leasehold expires 8/30/2021Seller Comments:
Acres5 Net Leasehold Acres
Lot #7 Leasehold
Lease NameScoop and Stack Sec 12 5N 3W
Legal DescriptionSec 12 5N 3W
County & StateMcClain, OK
Acres22.5 Net Leasehold Acres
NRI0.8
Leasehold expires 12/1/2020Seller Comments:
Acres22.5 Net Leasehold Acres
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #8 ORRI
Lease NameGamble
OperatorCarmen Schmitt Inc
Legal DescriptionW/2 SW and NW Sec 3 9S 16W
County & StateRooks, KS
Net Income$539.24$44.94/mo
(12 mo)
Lot #9 ORRI
Lease NameSiebenlist
OperatorRed Oak Energy
Legal DescriptionSE/4, Less & Except the SE/4 NE/4 SE/4 Sec. 30 17S 23W
County & StateNess, KS
Decimal Interest0.0034375
Acres140
Net Income$338.50$28.21/mo
(12 mo)
Lease NameSTSI Unit #1-30
OperatorRed Oak Energy
Legal DescriptionN/2 Sec 30 17S 33W
County & StateScott, KS
Decimal Interest0.0075
Acres320
Net Income$432.08$36.01/mo
(12 mo)
Total Lot Net Monthly Income: $64.22
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Decimal Interest 0.0273437
Lot #10 ORRI
Lease NameBuena Vista
OperatorTrans Pacific Oil Corp, Palomino Petroleum
Legal DescriptionNW Sec 17 19S 24W
County & StateNess, KS
Decimal Interest0.01822292
Acres160
Net Income$704.10$58.68/mo
(12 mo)
Lease NameDixon Trust
OperatorTrans Pacific Oil Corp, Palomino Petroleum
Legal DescriptionNE/4 Less and Except 520′ of the SW/4 NE/4 Sec. 20 17S 25W
County & StateNess, KS
Decimal Interest0.0182292
Acres145
Net Income$341.07$28.42/mo
(12 mo)
Total Lot Net Monthly Income: $87.10
Lot #11 ORRI
Lease NameBartley
OperatorSabine Oil & Gas Corp
County & StateHarrison, TX
Decimal Interest0.00127285
Acres698.9516
Net Income$2,651.76
$220.98/moThe winning bidder of lot 11 will be offered an identical interest with lot 11.1. This lot was split to accommodate requests for a smaller lot.
Seller Comments:
(12 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #11.1 ORRI
Lease NameBartley
OperatorSabine Oil & Gas Corp
County & StateHarrison, TX
Decimal Interest0.00127285
Acres698.9516
Net Income$2,651.76$220.98/mo
(12 mo)
Lot #12 ORRI
Lease NameLippelmann
OperatorELK Energy Holdings LLC
Legal DescriptionNW SE SE NW Sec. 14-T10S-R33W
County & StateThomas, KS
Decimal Interest0.003333
Net Income$6,726.20
$560.52/moThe winning bidder of lot 12 will be offered 2 additional and identical interests in this lease. We are selling a total ORRI of 1% in the Lippleman lease. The Lippleman sold 10,766 bbl of oil in April 2018 or $601,000 worth of oil. There is 1,600 bbl of storage on the lease and the lease is currently making approximately 400 bopd. The ORRI owner of this 1% interest received a check for $6,000 this month. We are selling 3 - 1/3% interests in this lease today … no depth restrictions, no well bore restrictions. The income shown in the brochure is before wells 4 and 5 started producing.
Seller Comments:
(12 mo)
Lot #12.1 ORRI
Lease NameLippelmann
OperatorELK Energy Holdings LLC
Legal DescriptionNW SE SE NW Sec. 14-T10S-R33W
County & StateThomas, KS
Decimal Interest0.003333
Net Income$6,726.20$560.52/mo
(12 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #12.2 ORRI
Lease NameLippelmann
OperatorELK Energy Holdings LLC
Legal DescriptionNW SE SE NW Sec. 14-T10S-R33W
County & StateThomas, KS
Decimal Interest0.003333
Net Income$6,726.20$560.52/mo
(12 mo)
Lot #13 Leasehold
Lease NameScoop and Stack Sec 13 6N 3W
Legal DescriptionSec 13 6N 3W
County & StateMcClain, OK
Acres3.32857 Net Leasehold Acres
NRI0.78
Leasehold expires 5/1/2021Seller Comments:
Acres3.32857 Net Leasehold Acres
Lot #14 Leasehold
Lease NameScoop and Stack Sec 13 7N 3W
Legal DescriptionSec 13 7N 3W
County & StateMcClain, OK
Acres5 Net Leasehold Acres
NRI0.8
Leasehold expires 12/1/2020Seller Comments:
Acres5 Net Leasehold Acres
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #15 Leasehold
Lease NameScoop and Stack Sec 14 5N 7W
Legal DescriptionSec 14 5N 7W
County & StateGrady, OK
Acres2.5 Net Leasehold Acres
NRI0.8
Leasehold expires 6/1/2021Seller Comments:
Acres2.5 Net Leasehold Acres
Lot #16 Leasehold
Lease NameScoop and Stack Sec 16 1N 2W
Legal DescriptionSec 16 1N 2W
County & StateGarvin, OK
Acres4.5 Net Leasehold Acres
NRI0.8
Leasehold expires 12/1/2021Seller Comments:
Acres4.5 Net Leasehold Acres
Lot #17 Leasehold
Lease NameScoop and Stack Sec 16 5N 7W
Legal DescriptionSec 16 5N 7W
County & StateGrady, OK
Acres6 Net Leasehold Acres
NRI0.8
Leasehold expires 5/1/2021Seller Comments:
Acres6 Net Leasehold Acres
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #18 RI
Lease NameOxsheer
OperatorAmplify Energy Operating LLC
Legal DescriptionSee additional document
County & StatePanola, TX
Decimal InterestVarious, see additional document
Net Income$353.79$117.93/mo
9 producing wells out of the Wiener and Cotton Valley formations.Seller Comments:
(3 mo)
Lot #19 RI
Lease NameRisch
OperatorTexxol Operating Co Inc
Legal DescriptionHenderson CSL, Abstract 257
County & StateJack, TX
Decimal InterestVarious; see additional documents
Net Income$244.26$40.71/mo
5 producing wellsSeller Comments:
(6 mo)
Lot #20 Operated Lease
Lease NamePerth 3302 2-1H
OperatorMike Kelso Oil Inc.
Legal DescriptionSec 1-33S-2W
County & StateSumner, KS
Acres648.64 Gross
Gross OpEx$26,591.22
Net Income$22,533.06$2,253.31/mo
GWI0.9
NRI0.720201 (80% Lease)
(10 mo)Gross Income$49,124.28
(10 mo)
$2,659.12/mo$4,912.42/mo
(10 mo)
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production5/6/2014 12,07302.53302 2-1H (Oil)
6/9/2014 02.53302 2-1H (SWD)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Office: (913) 837 - 4100 Fax: 1(913) 837 - 2241
[email protected]@dbdoil.com
Elite Oil & Gas Explorer Since 1969- 316-799-1000
Lot #21 PWI
Lease NameDazey
OperatorViking Resources Inc
Legal DescriptionSE Sec 35 14S 27W
County & StateGove, KS
Acres160
Gross OpEx$1,466.74
Net Income$1,430.97$204.42/mo
GWI12.5%
NRI10.6875%
(7 mo)Gross Income$2,897.71
(7 mo)
$209.53/mo$413.96/mo
(7 mo)
Lot #22 ORRI & PWI
Lease NameShinn 1-7
OperatorPetroleum Property Services Inc
Legal DescriptionS/2 SE Sec 7 30S 02W
County & StateSumner, KS
Decimal Interest.006836
Acres80
Gross OpEx$275.79
Net Income$298.83$49.81/mo
GWI0.01
NRI0.0082031
(6 mo)Gross Income$574.62
(6 mo)
Selling ORRI and PWI together.Seller Comments:$45.97/mo$95.77/mo
(6 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #23 ORRI
Lease NameWheatland Unit (Draybec)
OperatorMarathon Oil Co
Legal DescriptionNE SW Sec 32 11N 4W
County & StateOklahoma, OK
Decimal Interest.0020699
Net Income$1,824.39$152.03/mo
(12 mo)
Lease NameWheatland Unit (King)
OperatorMarathon Oil Co
Legal DescriptionSE SW Sec 32 11N 4W
County & StateCleveland, OK
Decimal Interest0.002406990
Net Income$20.08$1.67/mo
Seller Comments: Buyer is getting 2 ORRIs with this lot.
(12 mo)
Total Lot Net Monthly Income: $153.70
Lot #24 ORRI
Lease NameRose 1
OperatorBlack Stone Petroleum
Legal DescriptionN/2 Sec 34 18S 16W
County & StateRush, KS
Decimal Interest0.0325
Acres320
Net Income$924.48$102.72/mo
Rose is part of the same secondary recovery program as the McIntyre, as it has 2 EOR wells and 1 producer.
Seller Comments:
(9 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #25 RI
Lease NameRose 1
OperatorBlack Stone Petroleum
Legal DescriptionN/2 Sec 34 18S 16W
County & StateRush, KS
Decimal Interest0.02083333
Acres60 Net out of 320 Gross
Net Income$609.93$67.77/mo
Rose is part of the same secondary recovery program as the McIntyre, as it has 2 EOR wells and 1 producer.
Seller Comments:
(9 mo)
Lot #26 Leasehold
Lease NameScoop and Stack Sec 3 1N 6W
Legal DescriptionSec 3 1N 6W
County & StateStephens, OK
Acres5 Net Leasehold Acres
NRI0.78
Leasehold expires 7/1/2021Seller Comments:
Acres5 Net Leasehold Acres
Lot #27 Leasehold
Lease NameScoop and Stack Sec 30 2S 2W
Legal DescriptionSec 30 2S 2W
County & StateCarter, OK
Acres5 Net Leasehold Acres
NRI0.8
Leasehold expires 8/30/2021Seller Comments:
Acres5 Net Leasehold Acres
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #28 Leasehold
Lease NameScoop and Stack Sec 31 2N 1W
Legal DescriptionSec 31 2N 1W
County & StateGarvin, OK
Acres5.25 Net Leashold Acres
NRI0.8
Leasehold expires 3/1/2022Seller Comments:
Acres5.25 Net Leashold Acres
Lot #29 Leasehold
Lease NameScoop and Stack Sec 33 19N 18W
Legal DescriptionSec 33 19N 18 W
County & StateDewey, OK
Acres7 Net Leasehold Acres
NRI0.8
Each section to be auctioned individually. Leasehold expires 4/1/2021.Seller Comments:
Acres7 Net Leasehold Acres
Lot #30 Leasehold
Lease NameScoop and Stack Sec 35 3N 6W
Legal DescriptionSec 35 3N 6W
County & StateGrady, OK
Acres20 Net Leasehold Acres
NRI0.8
Leasehold expires 3/16/2021Seller Comments:
Acres20 Net Leasehold Acres
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.For Seismic Exploration 620-277-7771
Lot #31 ORRI
Lease NameKoochel Mountain
OperatorBlack Stone Petroleum
Legal DescriptionSW Sec 23 18S 16W
County & StateRush, KS
Decimal Interest0.06
Acres80
Net Income$10,254.69$1,025.47/mo
7 unopened gas reserves identified by geological data and DSTs, 3 oil reserves unopened identified by geological data, DSTs, open hole log data, and formation cuttings identified by onsite geologist.
Seller Comments:
(10 mo)
Lot #32 ORRI
Lease NameMoore
OperatorBlack Stone Petroleum
Legal DescriptionNW Sec 25 1S 16W
County & StateRush, KS
Decimal Interest0.06
Acres160
Net Income$1,028.71$93.51/mo
(11 mo)
Lot #33 ORRI
Lease NameMcIntyre (MCANTYRE)
OperatorBlack Stone Petroleum
Legal DescriptionSE Sec 27 18S 16W
County & StateRush, KS
Decimal Interest0.035
Acres160
Gross OpEx$0.00
Net Income$3,727.00$286.69/mo
(13 mo)Gross Income$3,727.00
(13 mo)
2 additional locations seismically located that are superior or equal to the McIntyre #3 that has produced 30,000+ bbls. Also shallow gas opportunities identified by open hole logging. Wells are part of a successful, ongoing secondary recovery program. All wells put on pump with virgin reservoir pressure and due to secondary recovery, they have maintained pressures which have been verified by fluid levels.
The Otis-Albert Field is famous for its helium production and there is helium being extracted and sold to IACX on a monthly basis from nearby wells.
Seller Comments:$286.69/mo
(13 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #34 RI
Lease NameDiamond 1H
OperatorAntero Resources
Legal DescriptionSec 15, 16, 21, 22, 23, 28, and 29 08N 07W
County & StateNoble, OH
Decimal Interest0.001595965
Lease NameDingus 1H, 2H, 3H
OperatorAntero Resources
County & StateNoble, OH
Decimal Interest0.000254965
Net Income$32,085.31$2,005.33/mo
Buyer will have option to double this lotThis asset is located in one of the most prolific townships in the southern core of the Utica Shale with EUR’s in excess of 25 Bcfe per well.The Dingus wells, 1H,2H,3H are newly drilled wells. The production started in January and the wells have been consistently strong just like the Diamond Unit has. The three original producing Horizontal Utica Shale wells have very strong and flat production.The three new wells recently drilled show promise of being very good and steady producers as well.Revenue stream comprised of a strong combination of Natural Gas, Condensate and Natural Gas Liquids.UPSIDE POTENTIAL:
-Tighter spacing currently being tested by Operator which could significantly increase the wellcount.-Marcellus Shale and other potential Horizontal targets.
Seller Comments:
(16 mo)
Total Lot Net Monthly Income: $2,005.33
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
ELI Wireline Services, LLC1327 Noose Road
Hays, Kansas (785) 628-6395
www.eliwireline.com
Lot #34.1 RI
Lease NameDiamond 1H
OperatorAntero Resources
Legal DescriptionSec 15, 16, 21, 22, 23, 28, and 29 08N 07W
County & StateNoble, OH
Decimal Interest0.001595965
Lease NameDingus 1H, 2H, 3H
OperatorAntero Resources
County & StateNoble, OH
Decimal Interest0.000254965
Net Income$32,085.31$2,005.33/mo
This asset is located in one of the most prolific townships in the southern core of the Utica Shale with EUR’s in excess of 25 Bcfe per well.The Dingus wells, 1H,2H,3H are newly drilled wells. The production started in January and the wells have been consistently strong just like the Diamond Unit has. The three original producing Horizontal Utica Shale wells have very strong and flat production.The three new wells recently drilled show promise of being very good and steady producers as well.Revenue stream comprised of a strong combination of Natural Gas, Condensate and Natural Gas Liquids.UPSIDE POTENTIAL:
-Tighter spacing currently being tested by Operator which could significantly increase the wellcount.-Marcellus Shale and other potential Horizontal targets.
Seller Comments:
(16 mo)
Total Lot Net Monthly Income: $2,005.33
Lot #35 ORRI
Lease NameKen Goodman #1-26
OperatorEagle Oil and Gas Co
Legal DescriptionS/2 SE Sec 26 13N 05W
County & StateCanadian, OK
Decimal Interest0.02
Gross OpEx$0.00
Net Income$43.47$3.62/mo
(12 mo)Gross Income$43.47
(12 mo)
$3.62/mo
(12 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #36 Operated Lease
Lease NameNiclas
OperatorLady Bug Oil Co
Legal DescriptionW/2 NW Sec 21 27N 01E
County & StateKay, OK
Acres80
GWI100%
NRI83.0125%
Since this is an estate, sales have to be confirmed by the District Court of Kay County, Oklahoma in the estate proceedings.
Water is trucked to SWD operated by Tyler Jefferies (friendly contract). Mr Jefferies has indicated he is willing to work with the new owners for a fair disposal agreement.
Seller Comments:
Lot #37 Operated Lease
Lease NameSELE #1-33
OperatorLady Bug Oil Co
Legal DescriptionW/2 NW Sec 33 27N 01E
County & StateKay, OK
Acres80
Gross OpEx$0.00
Net Income$39,405.66$2,189.20/mo
GWI100%
NRI87.5%
(18 mo)Gross Income$39,405.66
(18 mo)
Since this is an estate, sales have to be confirmed by the District Court of Kay County, Oklahoma in the estate proceedings.
Water is trucked off. Produces one truckload per month.
Wells 2 and 4 are the producing wells. Wells 1 and 3 are small “nurse” wells as shown in the drone footage that were started with 5HP Briggs and Stratton type gasoline engines to pump the water off the lease so the larger pump jacks would produce enough gas to operate the engines on them.
Seller Comments:$2,189.20/mo
(18 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Ad Valorem tax specialist Rendition Preparation Tax ProtestOil and Gas Property Appraisals Economic Analysis Estate ReviewFederal and State Compliance SPCC Inspections SPCC Training Right to Know More… www.klhoilandgasconsulting.com
Lot Removed
Lot Removed
Lot #38 Operated Lease
Lease NameNorth Lease
OperatorLady Bug Oil Co
Legal DescriptionSec 19 27M 01E
County & StateKay, OK
Acres160
GWI100%
NRI* See note
* Lease is expired - Seller believes landowner will ratify leaseSeller Comments:
Lot #39 Operated Lease
Lease NameGoodrich
OperatorLady Bug Oil Co
Legal DescriptionSec 20 27N 01E
County & StateKay, OK
Acres160
GWI100%
NRIMinerals are selling at this sale
Since this is an estate, sales have to be confirmed by the District Court of Kay County, Oklahoma in the estate proceedings.
Water goes to SWD operated by Tyler Jefferies (friendly contract).
Lease has expired but the minerals under SW Sec 20 27N 1E are selling at this auction. The buyer of this lease will also be able to buy the minerals at the auction and potentially have 100% GWI and 100% NRI.
Seller Comments:
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot Removed
Lot Removed
Lot #40 Open Minerals
Lease NameKay OK Southwest Open Minerals
Legal DescriptionSW Sec 20 27N 1E
County & StateKay, OK
Acres160 Net Mineral Acres
Goodrich wells sit on this acreage but the lease has expired.
Since this is an estate, sales have to be confirmed by the District Court of Kay County, Oklahoma in the estate proceedings.
Seller Comments:
Lot #41 Open Minerals
Lease NameKay OK South Southeast Open Minerals
Legal DescriptionW/2 SE Sec 20 27N 1E
County & StateKay, OK
Acres73.15 Net Mineral Acres
Open minerals ready to lease or drill.
Since this is an estate, sales have to be confirmed by the District Court of Kay County, Oklahoma in the estate proceedings.
Seller Comments:
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
ELI Wireline Services, LLC1327 Noose Road
Hays, Kansas (785) 628-6395
www.eliwireline.com
Lot Removed
Lot Removed
Lot #42 ORRI
Lease NameD'Asto
OperatorSabine Oil & Gas Corp
Legal DescriptionDavid Earle Survey, A-235
County & StateHarrison, TX
Decimal Interest0.00218329
Acres263.773
Net Income$2,517.84$209.82/mo
(12 mo)
Lot #43 PWI
Lease NameGaskill Range Bertrand Unit
OperatorStrataKan Exploration LLC
Legal DescriptionSW SE Sec 5 12S 33W
County & StateLogan, KS
Gross OpEx$1,381.35
Net Income$1,139.46$94.96/mo
GWI0.0225
NRI0.01845
(12 mo)Gross Income$2,520.81
(12 mo)
Workover and acid treatments on September and October JIBs. See documents.Seller Comments:$115.11/mo$210.07/mo
(12 mo)
Lot #44 Open Minerals
Lease NameStanton Kansas Minerals
Legal DescriptionS/2 Sec 5 30S 40WN/2 Sec 8 30S 40W
County & StateStanton, KS
Acres640 Gross
Open minerals available for leaseSeller Comments:
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #45 Operated Lease
Lease NameLuerman Weeks
OperatorCurt's Oil Operations LLC
Legal DescriptionN/2 SW Sec 18 16S 13W
County & StateBarton, KS
Acres80
GWI100%
NRI80%
Currently making $400 per month in SWD income. SWD on 5 year MIT, next MIT due 3/6/2021.Seller Comments:NA
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production06/19836
12/1983Arbuckle8
04/1981Arbuckle4
Lot #46 RI
Lease NameLawson Mary Moncrief Mattie
OperatorBreitman Operating LP
Legal DescriptionW H Castleberry Survey, Abstract 38; P McAnelly Survey, Abstract 257
County & StateGregg, TX
Decimal Interest0.025
Gross OpEx$0.00
Net Income$158.13$52.71/mo
(3 mo)Gross Income$158.13
(3 mo)
92 producing wells in the Austin Chalk, Cotton Valley Sand, and Woodbine formations.Seller Comments:$52.71/mo
(3 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #47 RI
Lease NameBeall Wood
OperatorTrivium Operating LLC
Legal DescriptionWood: AB 236 F Castro Sur TR 17 Sec 2 Timber Use 30.10 acresBeall: See additional documents
County & StateGregg, Rusk, TX
Decimal InterestWood 0.00373947Beall 0.00016330
Gross OpEx$0.00
Net Income$258.42$43.07/mo
(6 mo)Gross Income$258.42
(6 mo)
9 producing wells in the Cotton Valley formation.Seller Comments:$43.07/mo
(6 mo)
Lot #48 Leasehold
Lease NameScoop and Stack Sec 2 1N 2W
Legal DescriptionSec 2 1N 2W
County & StateGarvin, OK
Acres6.1749 Net Leasehold Acres
NRI0.8
Leasehold expires 9/1/2021Seller Comments:
Acres6.1749 Net Leasehold Acres
Lot #49 Leasehold
Lease NameScoop and Stack Sec 20 2N 1W
Legal DescriptionSec 20 2N 1W
County & StateGarvin, OK
Acres15 Net Leasehold Acres
NRI0.78
Leasehold expires 12/1/2021Seller Comments:
Acres15 Net Leasehold Acres
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #50 Leasehold
Lease NameScoop and Stack Sec 21 7N 3W
Legal DescriptionSec 21 7N 3W
County & StateMcClain, OK
Acres2 Net Leasehold Acres
NRI0.78
Leasehold expires 9/1/2021Seller Comments:
Acres2 Net Leasehold Acres
Lot #51 Leasehold
Lease NameScoop and Stack Sec 25 7N 3W
Legal DescriptionSec 25 7N 3W
County & StateMcClain, OK
Acres3 Net Leasehold Acres
NRI0.8
Leasehold expires 5/1/2021Seller Comments:
Acres3 Net Leasehold Acres
Lot #52 Leasehold
Lease NameScoop and Stack Sec 3 1N 3W
Legal DescriptionSec 3 1N 3W
County & StateGarvin, OK
Acres7.5 Net Leasehold Acres
NRI0.78
Leasehold expires 2/1/2021Seller Comments:
Acres7.5 Net Leasehold Acres
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #52.1 Operated Lease
Lease NameHrabe D2, D1, Westhusin 1 (w/injection well)
OperatorGaro Investment Co
Legal DescriptionHrabe: Sec 12 09S 17WWesthusin: Sec 11 09S 17W
County & StateRooks, KS
Acres160 +/-
GWI100%
NRI82%
New tank battery with heater ($6,000)
New pumpjack on the Hrabe D1 would increase lease production by 3-4 per day.
There is another drillsite on the Westhusin lease.
Pumper Chemical Electrical
Total Expenses $500 $376 $1,000 =$1876 a month
Seller Comments:
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production11/18/1967 72,407.53LansingHrabe D1, D2
7/7/1984 109,639.12Kansas City GrpWesthusin 1
Lot #53 ORRI
Lease NameEgger
OperatorUnrein Oil Co
Legal DescriptionSW Sec 6 13S 20W
County & StateEllis, KS
Decimal Interest0.05468750
Acres160 MOL
Gross OpEx$0.00
Net Income$3,718.05$309.83/mo
(12 mo)Gross Income$3,718.05
(12 mo)
$309.83/mo
(12 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
For Seismic Exploration 620-277-7771
Lot #54 ORRI
Lease NameDavis
OperatorAztec Oil Co Division
Legal DescriptionNW Sec 6 25S 5E
County & StateButler, KS
Decimal Interest0.01367180
Gross OpEx$0.00
Net Income$519.95$43.33/mo
(12 mo)Gross Income$519.95
(12 mo)
$43.33/mo
(12 mo)
Lot #55 Open Minerals
Lease NameCleveland Arkansas Minerals
Legal DescriptionSec 20 10S 11E
County & StateCleveland, AR
Acres14
Open minerals available for lease.Seller Comments:
Lot #56 Open Minerals
Lease NameMonroe Arkansas Minerals
Legal DescriptionSec 20 4S 2E
County & StateMonroe, AR
Acres7
Open minerals available for lease.Seller Comments:
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #57 Operated Lease
Lease NameMarple
OperatorP&R Oilfield Svcs
Legal DescriptionSE Sec 24 27S 16E
County & StateWilson, KS
Acres80
GWI100%
NRI81.25%
Marple produces from Squirrel formation. Long string cemented in nor perfed or completed. Drilled new well cement 2 7/8″ casing not perfed. Lease has never been completed.
Thorsell is good drilling project. Needs water flood. Averages 1/3BBL per day. .83 BBL averaged over 33 years.
Lease only ran for 8mo due to getting pullers on site.
Seller Comments:
Lease NameThorsell
OperatorP&R Oilfield Svcs
Legal DescriptionSW SW NW SW Sec 19 27S 17E
County & StateWilson, KS
Acres160
Gross OpEx$1,270.00
Net Income$6,230.00$519.17/mo
GWI100%
NRI87.5
(12 mo)Gross Income$7,500.00
(12 mo)
Marple produces from Squirrel formation. Long string cemented in nor perfed or completed. Drilled new well cement 2 7/8″ casing not perfed. Lease has never been completed.
Seller Comments:$105.83/mo$625.00/mo
(12 mo)
Lot #58 Leasehold
Lease NameScoop and Stack Sec 36 6N 3W
Legal DescriptionSec 36 6N 3W
County & StateMcClain, OK
Acres12.5 Net Leasehold Acres
NRI0.8
Leasehold expires 12/1/2020Seller Comments:
Acres12.5 Net Leasehold Acres
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
For tax savings call 785-623-0473
Lot #59 Leasehold
Lease NameScoop and Stack Sec 4 1N 3W
Legal DescriptionSec 4 1N 3W
County & StateGarvin, OK
Acres8.1478 Net Leasehold Acres
NRI0.8
Leasehold expires 8/1/2021Seller Comments:
Acres8.1478 Net Leasehold Acres
Lot #60 Leasehold
Lease NameScoop and Stack Sec 6 1N 1W
Legal DescriptionSec 6 1N 1W
County & StateGarvin, OK
Acres10 Net Leasehold Acres
NRI0.8
Leasehold expires 12/1/2021Seller Comments:
Acres10 Net Leasehold Acres
Lot #61 Leasehold
Lease NameScoop and Stack Sec 7 1N 1W
Legal DescriptionSec 7 1N 1W
County & StateGarvin, OK
Acres15 Net Leasehold Acres
NRI0.8
Leasehold expires 12/1/2021Seller Comments:
Acres15 Net Leasehold Acres
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #62 Leasehold
Lease NameScoop and Stack Sec 8 5N 7W
Legal DescriptionSec 8 5N 7W
County & StateGrady, OK
Acres2.5 Net Leasehold Acres
NRI0.8
Leasehold expires 6/1/2021Seller Comments:
Acres2.5 Net Leasehold Acres
Lot #63 RI
Lease NameMantooth
OperatorXTO Energy Inc
County & StateGarvin, OK
Decimal Interest0.001805354
Acres160
Gross OpEx$0.00
Net Income$41.16$3.43/mo
(12 mo)Gross Income$41.16
(12 mo) (12 mo)
Lease NameR H Mayer
OperatorXTO Energy Inc
Legal DescriptionSE Sec 33 5N 17E
County & StateTexas, OK
Decimal Interest0.001805354
Acres160
Gross OpEx$0.00
Net Income$56.17$4.68/mo
(12 mo)Gross Income$56.17
(12 mo) (12 mo)
Total Lot Net Monthly Income: $8.11
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
James Stephensonemail: [email protected]: www.petrobase.net
Lot #64 RI
Lease NameCarey 2 & 4
OperatorScout Energy Mgmt LLC
Legal DescriptionSE/4 Sec 11 28S 34W
County & StateHaskell, KS
Decimal Interest0.01562500
Gross OpEx$0.00
Net Income$391.20$130.40/mo
(3 mo)Gross Income$391.20
(3 mo)
2 producing wells in the Chase group.Seller Comments:
(3 mo)
Lot #65 RI
Lease NameMace Package
OperatorMerit Energy Ltd, Oxy USA Inc
Legal DescriptionSec 9 28S 34W
County & StateHaskell, KS
Decimal InterestVarious; see documents
Net Income$479.46$159.82/mo
6 producing wells in the Chase group and Council Grove group. Mace 1 Lease #202674, Mace A 2 Lease #207657, Mace A 3 Lease #215815, Mace H W 1 Lease #146947, Mace H W 1 Lease #234686.
Seller Comments:
(3 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Superior Service throughout the Mid-Continent- 620-872-DIRT
Lot #66 PWI
Lease NameGoad 1-21
OperatorWestern Oil and Gas Development
Legal DescriptionSW Sec 21 10N 05W
County & StateGrady, OK
NRI0.022500
Goad 1-21 is on the border of Grady and Canadian counties, therefore the production is split between the two counties.Gross MCF Prod 11447.00 = 1,912.83 Bbls. Gross Income – $859.25 Prod Tax – $61.84 Expense fee – $582.71 Dist. Fee – $8.80 Net = $205.90
Seller Comments:
Lease NameGoad 1-21
OperatorWestern Oil and Gas Development
Legal DescriptionSW Sec 21 10N 05W
County & StateCanadian, OK
NRI0.022500
Total Lot Net Monthly Income: $29.41
Lot #67 Open Minerals
Lease NameScoop and Stack Sec 31 2N 1W
Legal DescriptionSec 31 2N 1W
County & StateGarvin, OK
Acres13 Net Mineral Acres
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #68 PWI
Lease NameClark
OperatorCastle Resources Inc
Legal DescriptionSec 32 08S 28W
County & StateSheridan, KS
Gross OpEx$12,025.01
Net Income$9,422.29$1,570.38/mo
GWI0.583
NRI0.435
(6 mo)Gross Income$21,447.30
(6 mo)
$2,004.17/mo$3,574.55/mo
(6 mo)
Lease NameCooper
OperatorCastle Resources Inc
Legal DescriptionSec 31 8S 28W
County & StateSheridan, KS
Gross OpEx$3,986.02
Net Income($582.33)($116.47)/mo
GWI0.5
NRI0.41
(5 mo)Gross Income$3,403.69
(5 mo)
$797.20/mo$680.74/mo
(5 mo)
Lease NameLudwick
OperatorCastle Resources Inc
Legal DescriptionSec 35 19S 10W
County & StateRice, KS
Gross OpEx$7,187.54
Net Income$5,357.53$892.92/mo
GWI0.5
NRI0.41
(6 mo)Gross Income$12,545.07
(6 mo)
$1,197.92/mo$2,090.85/mo
(6 mo)
Lease NameMolhagen
OperatorCastle Resources Inc
Legal DescriptionSec 9 17S 8W
County & StateEllsworth, KS
Gross OpEx$1,984.60
Net Income($1,984.60)($396.92)/mo
GWI0.5
NRI0.41
(5 mo)
$396.92/mo
(5 mo)
Lease NameRoss
OperatorCastle Resources Inc
Legal DescriptionSec 11 18S 08W
County & StateRice, KS
Gross OpEx$1,066.61
Net Income($1,066.61)($213.32)/mo
GWI0.5
NRI0.41
(5 mo)
$213.32/mo
(5 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lease NameSieker
OperatorCastle Resources Inc
Legal DescriptionSec 34 19S 10W
County & StateRice, KS
Gross OpEx$8,224.37
Net Income($3,832.85)($766.57)/mo
GWI0.5
NRI0.41
(5 mo)Gross Income$4,391.52
(5 mo)
$1,644.87/mo$878.30/mo
(5 mo)
Total Lot Net Monthly Income: $970.02
Lot #68.1 ORRI
Lease NameClark
OperatorCastle Resources Inc
Legal DescriptionSec 32 08S 28W
County & StateSheridan, KS
Decimal Interest0.000625
Lease NameLudwick
OperatorCastle Resources Inc
Legal DescriptionSec 35 19S 10W
County & StateRice, KS
Decimal Interest0.01
Net Income$609.11$55.37/mo
Income information is for Jan-Nov 2018. Leases made $212.64 Jan-Apr 2019.Seller Comments:
(11 mo)
Lot #69 RI
Lease NameHarrison 1-24H
OperatorUnit Petroleum
Legal DescriptionSW/4 Sec 24 02N 19E
County & StateTexas, OK
Decimal Interest0.007313
Acres24 Net acres of 640 on 3/16 royalty
Gross OpEx$64.00
Net Income$1,009.63$84.14/mo
(12 mo)Gross Income$1,073.63
(12 mo)
$5.33/mo$89.47/mo
(12 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #70 ORRI
Lease NameRikella 3H-21
OperatorCitizen Energy II
Legal DescriptionSec 16 10N 05W
County & StateCanadian, OK
Decimal Interest0.000286890 & 0.00143870
Gross OpEx$0.00
Net Income$115.02$9.59/mo
(12 mo)Gross Income$115.02
(12 mo)
Selling two Overriding Royalty Interest percentages.Seller Comments:$9.59/mo
(12 mo)
Lot #71 ORRI
Lease NameKeller "P"
OperatorPaul Bowman Oil Trust
Legal DescriptionSE Sec 21 10S 20W
County & StateRooks, KS
Decimal Interest0.05468750
Net Income$2,060.63$171.72/mo
(12 mo)
Lot #72 ORRI
Lease NameDehner A
OperatorPickrell Drilling Co Inc
Legal DescriptionW/2 Sec. 32 SW/4 Sec 29 19S 020W
County & StateRush, KS
Decimal Interest0..0132446
Acres480 MOL
Net Income$1,903.14$158.60/mo
(12 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #73 Leased Minerals
Lease NameScoop and Stack Sec 18 2N 5W
Legal DescriptionSec 18 2N 5W
County & StateStephens, OK
Acres0.45 Net Mineral Acre
NRI0.1875
Leasehold expires 1/1/2022Seller Comments:
Acres0.45 Net Mineral Acre
Lot #74 ORRI
Lease NameBornemann #1
OperatorHinkle Oil & Gas Inc
Legal DescriptionW/2 SW SW Sec 23 11N 5W
County & StateCanadian, OK
Decimal Interest0.0003704
Acres80 MOL
Net Income$412.60$34.38/mo
(12 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #75 RI
Lease NamePoston 1
OperatorTapstone Energy LLC
Legal DescriptionNE SW SE Sec 11 34S 9W
County & StateHarper, KS
Decimal Interest.04687500
Net Income$1,843.00$153.58/mo
(12 mo)
Lease NameWarner 11-34-9 1H
OperatorTapstone Energy LLC
Legal DescriptionN2 N2 NW NW Secc 11 34S 9W
County & StateHarper, KS
Decimal Interest.06366016
Net Income$75,177.39$6,264.78/mo
(12 mo)
Total Lot Net Monthly Income: $6,418.36
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Office: (913) 837 - 4100 Fax: 1(913) 837 - 2241
[email protected]@dbdoil.com
Serving North America with Premier Customer Service-785-743-6774
Lot #76 PWI
Lease NameBoswell 1-11
OperatorRed Rocks, Orca Operating
Legal DescriptionNW4 SE4 NE4 SW4 Sec 11 14N 24W
County & StateRoger Mills, OK
Gross OpEx$798.29
Net Income$42.77$3.06/mo
GWI024095
NRI.018244
(14 mo)Gross Income$841.06
(14 mo)
Completed well work in early 2019.Seller Comments:$57.02/mo$60.08/mo
(14 mo)
Lease NameBoswell 1-11
OperatorRed Rocks, Orca Operating
Legal DescriptionNW4 SE4 NE4 SW4 Sec 11 14N 24W
County & StateRoger Mills, OK
Gross OpEx$798.29
Net Income$42.77$3.06/mo
GWI024095
NRI.018244
(14 mo)Gross Income$841.06
(14 mo)
Completed well work in early 2019.Seller Comments:$57.02/mo$60.08/mo
(14 mo)
Lease NameJobyna 25-1
OperatorRed Rocks, Orca Operating
Legal DescriptionSec 25 26N 20W
County & StateHarper, OK
Gross OpEx$24.48
Net Income$12.67$0.91/mo
GWI.000625
NRI.0005
(14 mo)Gross Income$37.15
(14 mo)
$1.75/mo$2.65/mo
(14 mo)
Lease NameJobyna 25-1
OperatorRed Rocks, Orca Operating
Legal DescriptionSec 25 26N 20W
County & StateHarper, OK
Gross OpEx$24.48
Net Income$12.67$0.91/mo
GWI.000625
NRI.0005
(14 mo)Gross Income$37.15
(14 mo)
$1.75/mo$2.65/mo
(14 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Superior Service throughout the Mid-Continent- 620-872-DIRT
Lease NameLeon 1-10
OperatorRed Rocks, Orca Operating
Legal DescriptionSec 10 14N 24W
County & StateRoger Mills, OK
Gross OpEx$524.20
Net Income$499.05$35.65/mo
GWI.01480404
NRI�.01115023
(14 mo)Gross Income$1,023.25
(14 mo)
Well was previously averaging 4-6BOPD & 10 MCFD. Deciding on workover or repair. Expenses exclude workover to repair tubing leak.
Seller Comments:$37.44/mo$73.09/mo
(14 mo)
Lease NameLeon 1-10
OperatorRed Rocks, Orca Operating
Legal DescriptionSec 10 14N 24W
County & StateRoger Mills, OK
Gross OpEx$524.20
Net Income$499.05$35.65/mo
GWI.01480404
NRI�.01115023
(14 mo)Gross Income$1,023.25
(14 mo)
Well was previously averaging 4-6BOPD & 10 MCFD. Deciding on workover or repair. Expenses exclude workover to repair tubing leak.
Seller Comments:$37.44/mo$73.09/mo
(14 mo)
Lease NameRowen 1-6
OperatorRed Rocks, Orca Operating
Legal DescriptionSE Sec 6 12N 24W
County & StateRoger Mills, OK
Gross OpEx$428.94
Net Income$551.96$39.43/mo
GWI.014375
NRI.010781
(14 mo)Gross Income$980.90
(14 mo)
Net excludes $157 expense for month of 2-19 which was hole in tubing repair and workover.Seller Comments:$30.64/mo$70.06/mo
(14 mo)
Lease NameRowen 1-6
OperatorRed Rocks, Orca Operating
Legal DescriptionSE Sec 6 12N 24W
County & StateRoger Mills, OK
Gross OpEx$428.94
Net Income$551.96$39.43/mo
GWI.014375
NRI.010781
(14 mo)Gross Income$980.90
(14 mo)
Net excludes $157 expense for month of 2-19 which was hole in tubing repair and workover.Seller Comments:$30.64/mo$70.06/mo
(14 mo)
Lease NameSides 3-9
OperatorRed Rocks, Orca Operating
Legal DescriptionSec 9 13N 25W
County & StateRoger Mills, OK
Acres640 All of section 9
Gross OpEx$732.98
Net Income$231.95$16.57/mo
GWI.0225
NRI.016875
(14 mo)Gross Income$964.93
(14 mo)
Leasehold included.Seller Comments:$52.36/mo$68.92/mo
(14 mo)
Total Lot Net Monthly Income: $174.67
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #76.1 Operated Lease
Lease NameSpeier
OperatorParadise Creek Oil & Gas Co
Legal DescriptionE 1/2 SE Sec 35-14S-19W
County & StateEllis, KS
Acres80
GWI100%
NRI82%
Both wells were pumping approximately 2.5 bopd and 320 total fluid and #5 went down with a tubing leak.
#4 is making .83 bbl per day and 160 total fluid.
#5 producing under a packer
Both wells have excellent potential upside with a polymer job to reduce water production and increase oil recovery rate. Also would pump down after polymer to allow additional prodution from LKC-Topeka zones.
New Dike and fencing around tank battery & both wells.
New wellhead connections on #5.
Water goes to Curt’s Oil Operations, LLC’s Herl Lease SWD (Lot 70 in this auction).
1-FG 200 bbl water tank1-FG 250 bbl gun barrel1-FG 200 bbl stock tank1-Steel 200 bbl stock tank1-Speed king 114 pumping unit w/15hp motor1-Big M 114 Pumping unit w/15hp
Seller Comments:
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production6/10/1992Arbuckle5
6/11/1992 13,961Arbuckle4
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
James Stephensonemail: [email protected]: www.petrobase.net
Lot #77 Operated Lease
Lease NameHerl
OperatorCurt's Oil Operations LLC
Legal DescriptionSW Sec 35 14S 19W
County & StateEllis, KS
Acres160
Net Income$10,092.00$841.00/mo
GWI100%
NRI80%
4 went down on 4/2/2019 with a tubing leak. 2018 average SWD income = $841/month
SWD has additional capacity, water goes on vacuum.
SWD on 5 year MIT, next MIT due 11/12/2022
Receives water from 2 outside leases, 1 of which is Lot 69.1, Speier Lease.
Producer was down for a total of 5 months in 2018, it will make a steady 1.67 BOPD when well is running.
Seller Comments:
(12 mo)
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production3/11/1985 NAArbuckle2
9/18/1976 134,000Arbuckle4
Lot #78 PWI
Lease NameChoate 0504 10-HW
OperatorEagle Exploration LLC
Legal DescriptionSec 3 5N 4W
County & StateMcClain, OK
Gross OpEx$344.23
Net Income$4,673.29$333.81/mo
GWI0.00078125
NRI0.00058594
(14 mo)Gross Income$5,017.52
(14 mo)
$24.59/mo$358.39/mo
(14 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #79 Operated Lease
Lease NameSeibert
OperatorMurfin Drilling Co Inc
Legal DescriptionSE Sec 21 24S 15W
County & StateStafford, KS
Acres160
Gross OpEx$9,320.00
Net Income$5,280.00$440.00/mo
GWI93.75%
NRI75%
(12 mo)Gross Income$14,600.00
(12 mo)
Income information is for 100% GWI. Producing under a packer due to a hole in the casing.Seller Comments:$776.67/mo$1,216.67/mo
(12 mo)
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production1,212,500
mcf10/6/1975Mississippi/Kinder-
hook (4156-4210)#1
Lot #80 Leased Minerals
Lease NameEllis Kansas Minerals
Legal DescriptionSE Sec 5 11S 19W
County & StateEllis, KS
Acres160 153 Leased Acres HBP7 Leased Acres producing
This 160 acres are HBP at 1/8 royalty to Murfin on the Kermic Unit.
The Kermic Unit is 40 acres that includes 7.12 acres the quarter section these minerals lie in.
The decimal interest in this unit for this interest will be approximately ~2.25% on the Kermic lease.
That leaves roughly 153 NMA of 160 acres as held and non-producing.
Regarding production, the Kermic Unit produces about 3 BOPD. At $55 oil that’s about $110/mo to the interest (the .0225).
Seller Comments:
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #81 PWI
Lease NameK&K 2-31
OperatorUrban Oil & Gas Group LLC
Legal DescriptionNW Sec 31 1S 31W
County & StateRawlins, KS
Gross OpEx$601.58
Net Income($14.97)($1.25)/mo
GWI0.0237371
NRI0.02077000
(12 mo)Gross Income$586.61
(12 mo)
$50.13/mo$48.88/mo
(12 mo)
Lot #82 ORRI
Lease NameK&K 2-31
OperatorUrban Oil & Gas Group LLC
Legal DescriptionNW Sec 31 1S 31W
County & StateRawlins, KS
Decimal Interest.01356090
Net Income$585.00$48.75/mo
(12 mo)
Lot #83 PWI
Lease NameCurry 1-32
OperatorUrban Oil & Gas Group LLC
Legal DescriptionNW Sec 32 1S 31W
County & StateRawlins, KS
Gross OpEx$2,299.45
Net Income$985.41$82.12/mo
GWI0.066666
NRI0.0583328
(12 mo)Gross Income$3,284.86
(12 mo)
$191.62/mo$273.74/mo
(12 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #84 RI
Lease NameForsyth Unit
OperatorDixon Operating Corp
Legal DescriptionSee Exhibit ‘A’ in document
County & StateBarber, KS
Decimal InterestVarious; see documents
Net Income$2,103.48$525.87/mo
Buyer will have the option to double this lot.
Income represents 50% of check stubs.
Seller Comments:
(4 mo)
Lot #84.1 RI
Lease NameForsyth Unit
OperatorDixon Operating Corp
Legal DescriptionSee Exhibit ‘A’ in document
County & StateBarber, KS
Decimal InterestVarious; see documents
Net Income$2,103.48$525.87/mo
Income represents 50% of check stubs.Seller Comments:
(4 mo)
Lot #85 ORRI
Lease NameBlank
OperatorC&R Oil
Legal DescriptionNE Sec 14 9S 16W
County & StateRooks, KS
Decimal Interest0.02734370
Net Income$777.28$64.77/mo
(12 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #86 LOT #86 REMOVED
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #87 Operated Lease
Lease NameBlythe, J.R.
OperatorCSODA Operating Co LLC dba H&L Operating Co LLC
Legal DescriptionSec 1 31S 32W
County & StateSeward, KS
Gross OpEx$1,036.00
Net Income$147.00$36.75/mo
GWI100%
NRI84.765625%
(4 mo)Gross Income$1,183.00
(4 mo)
Excludes non-routine charge for repair of pumping unit wrist pins 3/2019.Seller Comments:$259.00/mo$295.75/mo
(4 mo)
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production05/1954 531Hugoton-ChaseBlythe, J.R. 1
Lease NameFincham
OperatorCSODA Operating Co LLC dba H&L Operating Co LLC
Legal DescriptionSec 32 30S 31W
County & StateHaskell, KS
Acres480
Gross OpEx$804.00
Net Income($78.00)($19.50)/mo
GWI100%
NRI81.25%
(4 mo)Gross Income$726.00
(4 mo)
$201.00/mo$181.50/mo
(4 mo)
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production05/1954 531Hugoton-ChaseBlythe, J.R. 1
Lease NameHill 1
OperatorCSODA Operating Co LLC dba H&L Operating Co LLC
County & StateSeward, KS
Gross OpEx$50.00
Net Income($50.00)($12.50)/mo
GWI100%
NRI84.765625%
(4 mo)
Winnie Hill 1-26 produced 369 MCF/mo average (Jan-Mar 2016) before being shut-in in April 2016 for low commodity prices.
Seller Comments:$12.50/mo
(4 mo)
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production05/1954 531Hugoton-ChaseBlythe, J.R. 1
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #87 Operated Lease
Lease NameBlythe, J.R.
OperatorCSODA Operating Co LLC dba H&L Operating Co LLC
Legal DescriptionSec 1 31S 32W
County & StateSeward, KS
Gross OpEx$1,036.00
Net Income$147.00$36.75/mo
GWI100%
NRI84.765625%
(4 mo)Gross Income$1,183.00
(4 mo)
Excludes non-routine charge for repair of pumping unit wrist pins 3/2019.Seller Comments:$259.00/mo$295.75/mo
(4 mo)
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production05/1954 531Hugoton-ChaseBlythe, J.R. 1
Lease NameFincham
OperatorCSODA Operating Co LLC dba H&L Operating Co LLC
Legal DescriptionSec 32 30S 31W
County & StateHaskell, KS
Acres480
Gross OpEx$804.00
Net Income($78.00)($19.50)/mo
GWI100%
NRI81.25%
(4 mo)Gross Income$726.00
(4 mo)
$201.00/mo$181.50/mo
(4 mo)
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production05/1954 531Hugoton-ChaseBlythe, J.R. 1
Lease NameHill 1
OperatorCSODA Operating Co LLC dba H&L Operating Co LLC
County & StateSeward, KS
Gross OpEx$50.00
Net Income($50.00)($12.50)/mo
GWI100%
NRI84.765625%
(4 mo)
Winnie Hill 1-26 produced 369 MCF/mo average (Jan-Mar 2016) before being shut-in in April 2016 for low commodity prices.
Seller Comments:$12.50/mo
(4 mo)
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production05/1954 531Hugoton-ChaseBlythe, J.R. 1
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lease NameLambert
OperatorCSODA Operating Co LLC dba H&L Operating Co LLC
County & StateSeward, KS
Acres640
Gross OpEx$50.00
Net Income($50.00)($12.50)/mo
GWI100%
NRI84.830219%
(4 mo)
Lambert Unit 1-32 produced 498 MCF/mo average (Jan-Mar 2016) before being shut-in in April 2016 for low commodity prices. Excludes SI royalty payment of $640 (2 yr payment) paid 3/2019
Seller Comments:$12.50/mo
(4 mo)
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production05/1954 531Hugoton-ChaseBlythe, J.R. 1
Lease NameMiller
OperatorCSODA Operating Co LLC dba H&L Operating Co LLC
Legal DescriptionSec 22 30S 31W
County & StateHaskell, KS
Acres640
Gross OpEx$100.00
Net Income($100.00)($25.00)/mo
GWI100%
NRI86.132810%
(4 mo)
Miller 2 produced 662 MCF/mo average (Jan – Mar 2016) before being shut-in in April 2016 for low commodity prices. Excludes SI royalty payment of $640 (2 yr payment) paid 3/2019.
Seller Comments:$25.00/mo
(4 mo)
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production05/1954 531Hugoton-ChaseBlythe, J.R. 1
Lease NamePatterson
OperatorCSODA Operating Co LLC dba H&L Operating Co LLC
Legal DescriptionSec 29 30S 31W
County & StateHaskell, KS
Acres640
Gross OpEx$50.00
Net Income($50.00)($12.50)/mo
GWI100%
NRI87.5%
(4 mo)
Excludes SI Royalty Payment of $640 (2 yr payment)Patterson 1-28 produced 338 MCF/mo average (Jan-Mar 2016) before being shut-in in April 2016 for low commodity prices.
Seller Comments:$12.50/mo
(4 mo)
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production05/1954 531Hugoton-ChaseBlythe, J.R. 1
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lease NamePatterson C
OperatorCSODA Operating Co LLC dba H&L Operating Co LLC
Legal DescriptionSec 33 30S 31W
County & StateHaskell, KS
Acres160
Gross OpEx$542.00
Net Income($67.00)($16.75)/mo
GWI100%
NRI87.5%
(4 mo)Gross Income$475.00
(4 mo)
Expenses excludes non-routine charge for repair of pumping unit wrist pins 3/2019.Seller Comments:$135.50/mo$118.75/mo
(4 mo)
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production05/1954 531Hugoton-ChaseBlythe, J.R. 1
Lease NameSchmidt-Connors
OperatorCSODA Operating Co LLC dba H&L Operating Co LLC
Legal DescriptionSec 29 30S 31W
County & StateHaskell, KS
Acres640
Gross OpEx$653.00
Net Income$278.00$69.50/mo
GWI100%
NRI79.882810%
(4 mo)Gross Income$931.00
(4 mo)
$163.25/mo$232.75/mo
(4 mo)
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production05/1954 531Hugoton-ChaseBlythe, J.R. 1
Total Lot Net Monthly Income: $7.50
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
For tax savings call 785-623-0473
Lease NamePatterson C
OperatorCSODA Operating Co LLC dba H&L Operating Co LLC
Legal DescriptionSec 33 30S 31W
County & StateHaskell, KS
Acres160
Gross OpEx$542.00
Net Income($67.00)($16.75)/mo
GWI100%
NRI87.5%
(4 mo)Gross Income$475.00
(4 mo)
Expenses excludes non-routine charge for repair of pumping unit wrist pins 3/2019.Seller Comments:$135.50/mo$118.75/mo
(4 mo)
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production05/1954 531Hugoton-ChaseBlythe, J.R. 1
Lease NameSchmidt-Connors
OperatorCSODA Operating Co LLC dba H&L Operating Co LLC
Legal DescriptionSec 29 30S 31W
County & StateHaskell, KS
Acres640
Gross OpEx$653.00
Net Income$278.00$69.50/mo
GWI100%
NRI79.882810%
(4 mo)Gross Income$931.00
(4 mo)
$163.25/mo$232.75/mo
(4 mo)
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production05/1954 531Hugoton-ChaseBlythe, J.R. 1
Total Lot Net Monthly Income: $7.50
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #88 ORRI
Lease NameCalumet-Wilson
Net Income$2,335.27$194.61/mo
Legal Description for the entire unit is as follows:
Portions of section 5, 8 and 31: all of section 6, 7, 17, 18, 19, 20, 29, 30 and 32, township 13 north, range 8 west,
Portions of section 1, 12, 13, 24 and 25, township 13 north range 9 west,
Portions of sections 29 and 32; all of sections 19, 30, and 31, township 14 north, range 8 west,
Portions of section 25 and 26, township 14 north, range 9 west, all in Canadian county OK
Seller Comments:
(12 mo)
Lot #89 ORRI
Lease NameMary 1
OperatorThomas Garner Inc
Legal DescriptionE/2 Sec 18 25S 13W
County & StateStafford, KS
Decimal Interest0.005
Acres80
Net Income$1,048.99$262.25/mo
Buyer will have the option to double this lot.
Kansas City Producer with potential Mississippi behind the pipe.
Well came in at 35BOPD in December 2018 and has produced 17 BOPD for the past 30 days.
Seller Comments:
(4 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #89.1 ORRI
Lease NameMary 1
OperatorThomas Garner Inc
Legal DescriptionE/2 Sec 18 25S 13W
County & StateStafford, KS
Decimal Interest0.005
Acres80
Net Income$1,048.99$262.25/mo
Kansas City Producer with potential Mississippi behind the pipe.
Well came in at 35BOPD in December 2018 and has produced 17 BOPD for the past 30 days.
Seller Comments:
(4 mo)
Lot #90 RI
Lease NameCaswell Unit
OperatorEnervest Operating LLC, EOG Resources Inc
Legal DescriptionSee additional documents
County & StateMontague, TX
Decimal InterestVarious
Acres160 MOL
Net Income$512.52$85.42/mo
4 producing wells in the Barnett Shale formation.Seller Comments:
(6 mo)
Lot #91 ORRI
Lease NameBetz (A)
OperatorDaMar Resources Inc
Legal DescriptionSW NE Sec 13 20S 23W
County & StateNess, KS
Decimal Interest0.0136719
Acres40 MOL
Net Income$553.04$46.09/mo
(12 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #89.1 ORRI
Lease NameMary 1
OperatorThomas Garner Inc
Legal DescriptionE/2 Sec 18 25S 13W
County & StateStafford, KS
Decimal Interest0.005
Acres80
Net Income$1,048.99$262.25/mo
Kansas City Producer with potential Mississippi behind the pipe.
Well came in at 35BOPD in December 2018 and has produced 17 BOPD for the past 30 days.
Seller Comments:
(4 mo)
Lot #90 RI
Lease NameCaswell Unit
OperatorEnervest Operating LLC, EOG Resources Inc
Legal DescriptionSee additional documents
County & StateMontague, TX
Decimal InterestVarious
Acres160 MOL
Net Income$512.52$85.42/mo
4 producing wells in the Barnett Shale formation.Seller Comments:
(6 mo)
Lot #91 ORRI
Lease NameBetz (A)
OperatorDaMar Resources Inc
Legal DescriptionSW NE Sec 13 20S 23W
County & StateNess, KS
Decimal Interest0.0136719
Acres40 MOL
Net Income$553.04$46.09/mo
(12 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #92 ORRI
Lease NameGeorge Russell
OperatorEverest Operating LLC
Legal DescriptionSec 11 12N 05W
County & StateCanadian, OK
Decimal Interest0.0518560
Net Income$163.42$13.62/mo
(12 mo)
Lot #93 ORRI
Lease NameHolland #1-25
OperatorTwenty/Twenty Oil & Gas Inc
Legal DescriptionSec 25 07N 08W
County & StateGrady, OK
Decimal Interest0.00539335
Lot #94 ORRI
Lease NameMickie Anne #1-12
OperatorChisholm Oil and Gas Operating LLC
Legal DescriptionW/2 NW Sec 12 12N 05W
County & StateCanadian, OK
Decimal Interest0.0099375
Gross OpEx$0.00
Net Income$406.46$33.87/mo
(12 mo)Gross Income$406.46
(12 mo)
$33.87/mo
(12 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Serving North America with Premier Customer Service-785-743-6774
Lot #95 PWI
Lease NameDavis 'B'
OperatorVess Oil Corporation
Legal DescriptionNE SE SE Sec 24 17S 28W
County & StateLane, KS
GWI0.5
NRI0.5
Lease NameJennison 'B'
OperatorVess Oil Corporation
Legal DescriptionSE NE SW Sec 20 16S 29W
County & StateLane, KS
Gross OpEx$4,437.00
Net Income$5,310.00$442.50/mo
GWI.0625
NRI�.0499268
(12 mo)Gross Income$9,747.00
(12 mo)
$369.75/mo$812.25/mo
(12 mo)
Lease NameMagie
OperatorVess Oil Corporation
Legal DescriptionNE NE SW Sec 17 16S 29W
County & StateLane, KS
Gross OpEx$1,876.00
Net Income$2,136.00$178.00/mo
GWI0.5
NRI.0410156
(12 mo)Gross Income$4,012.00
(12 mo)
$156.33/mo$334.33/mo
(12 mo)
Lease NamePetersilie 'A'
OperatorVess Oil Corporation
Legal DescriptionSW Sec 7 20S 23W
County & StateNess, KS
Gross OpEx$12,349.00
Net Income($4,066.00)($338.83)/mo
GWI0.5
NRI.0410156
(12 mo)Gross Income$8,283.00
(12 mo)
$1,029.08/mo$690.25/mo
(12 mo)
Lease NameRichards
OperatorVess Oil Corporation
Legal DescriptionNW NW SE Sec 20 16S 29W
County & StateLane, KS
Gross OpEx$3,411.00
Net Income$524.00$43.67/mo
GWI.059375
NRI.0468262
(12 mo)Gross Income$3,935.00
(12 mo)
$284.25/mo$327.92/mo
(12 mo)
Total Lot Net Monthly Income: $1,003.00
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #95 PWI
Lease NameDavis 'B'
OperatorVess Oil Corporation
Legal DescriptionNE SE SE Sec 24 17S 28W
County & StateLane, KS
GWI0.5
NRI0.5
Lease NameJennison 'B'
OperatorVess Oil Corporation
Legal DescriptionSE NE SW Sec 20 16S 29W
County & StateLane, KS
Gross OpEx$4,437.00
Net Income$5,310.00$442.50/mo
GWI.0625
NRI�.0499268
(12 mo)Gross Income$9,747.00
(12 mo)
$369.75/mo$812.25/mo
(12 mo)
Lease NameMagie
OperatorVess Oil Corporation
Legal DescriptionNE NE SW Sec 17 16S 29W
County & StateLane, KS
Gross OpEx$1,876.00
Net Income$2,136.00$178.00/mo
GWI0.5
NRI.0410156
(12 mo)Gross Income$4,012.00
(12 mo)
$156.33/mo$334.33/mo
(12 mo)
Lease NamePetersilie 'A'
OperatorVess Oil Corporation
Legal DescriptionSW Sec 7 20S 23W
County & StateNess, KS
Gross OpEx$12,349.00
Net Income($4,066.00)($338.83)/mo
GWI0.5
NRI.0410156
(12 mo)Gross Income$8,283.00
(12 mo)
$1,029.08/mo$690.25/mo
(12 mo)
Lease NameRichards
OperatorVess Oil Corporation
Legal DescriptionNW NW SE Sec 20 16S 29W
County & StateLane, KS
Gross OpEx$3,411.00
Net Income$524.00$43.67/mo
GWI.059375
NRI.0468262
(12 mo)Gross Income$3,935.00
(12 mo)
$284.25/mo$327.92/mo
(12 mo)
Total Lot Net Monthly Income: $1,003.00
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #96 ORRI
Lease NameBrundgardt A&B
OperatorBeren Corporation
Legal DescriptionNW SE NW Sec 22 10S 25W
County & StateGraham, KS
Decimal Interest0.006835900
Acres640 *See Note
Net Income$586.71$48.89/mo
*SW/4 Sec. 22-10-25W (320 acres more or less)NW/4 SW/4 Sec. 22-10S-25W (320 acres more or less)
Seller Comments:
(12 mo)
Lot #97 Operated Lease
Lease NameWilliams
OperatorTengasco Inc
Legal DescriptionNE Sec 11 22S 14W
County & StateStafford, KS
Acres160
Gross OpEx$16,263.65
Net Income$2,869.77$239.15/mo
GWI87.5%
NRI71.521%
(12 mo)Gross Income$19,133.42
(12 mo)
Well shut-in 9-1-2016 with tubing leakSeller Comments:$1,355.30/mo$1,594.45/mo
(12 mo)
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production07/11/1977 129,331
(Lease)LansingWilliams #2
SWIW11/27/1980 129,331
(Lease)Lansing, CIBP over
ArbuckleWilliams #3
10/8/1975 129,331 (Lease)
ArbuckleWilliams #1
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #DougReh Truck
1972 Chevy C10Roll to the oil field in style
Short-Bed Single-CabAuto trans • A/C
$18,495Check it out at
Doug Reh Chevrolet1501 E. 1st St, Pratt KS
www.dougrehchevrolet.comor call 620-450-4441
We are not selling this pickup today but we appreciate our exclusive car dealer sponsor Doug Reh Chevrolet in Pratt, KS. If you have interest in this restored 1972 Chevrolet call Doug Reh
Lot #98 Operated Lease
Lease NameMiller
OperatorTengasco Inc
Legal DescriptionS/2 NW Sec 11 22S 14W
County & StateStafford, KS
Acres80
Gross OpEx$12,467.70
Net Income($4,915.96)($409.66)/mo
GWI87.5%
NRI71.77734%
(12 mo)Gross Income$7,551.74
(12 mo)
Water disposal to Tengasco’s Williams SWIW #2. Williams lease is also for sale.
Pumping unit is non-operational due to wrist pins broke – Dec 2018.
Seller Comments:$1,038.98/mo$629.31/mo
(12 mo)
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production4/17/1976 00.79Miller #1
Lot #99 RI
Lease NameAllen Dorothy Unit
OperatorCovey Park Energy
Legal DescriptionSee additional document.
County & StateRobertson, TX
Decimal InterestVarious; see additional document.
Net Income$250.41$83.47/mo
4 producing wells in the Bossier formation.Seller Comments:
(3 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Ad Valorem tax specialist Rendition Preparation Tax ProtestOil and Gas Property Appraisals Economic Analysis Estate ReviewFederal and State Compliance SPCC Inspections SPCC Training Right to Know More… www.klhoilandgasconsulting.com
Lot #98 Operated Lease
Lease NameMiller
OperatorTengasco Inc
Legal DescriptionS/2 NW Sec 11 22S 14W
County & StateStafford, KS
Acres80
Gross OpEx$12,467.70
Net Income($4,915.96)($409.66)/mo
GWI87.5%
NRI71.77734%
(12 mo)Gross Income$7,551.74
(12 mo)
Water disposal to Tengasco’s Williams SWIW #2. Williams lease is also for sale.
Pumping unit is non-operational due to wrist pins broke – Dec 2018.
Seller Comments:$1,038.98/mo$629.31/mo
(12 mo)
Well NumberProducing Formation
Spud Date
Completion Date
Gross BOPD
Gross MCFD
Gross BBL H20/Day
Cumulative Oil
Production
Cumulative Gas
Production4/17/1976 00.79Miller #1
Lot #99 RI
Lease NameAllen Dorothy Unit
OperatorCovey Park Energy
Legal DescriptionSee additional document.
County & StateRobertson, TX
Decimal InterestVarious; see additional document.
Net Income$250.41$83.47/mo
4 producing wells in the Bossier formation.Seller Comments:
(3 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Elite Oil & Gas Explorer Since 1969- 316-799-1000
Lot #100 PWI
Lease NameJ Henry
OperatorRamsey Nichols Operating Co LLC
Legal DescriptionSW Sec 21 12N 05W
County & StateCanadian, OK
Gross OpEx$1,920.18
Net Income$4,992.99$416.08/mo
NRI0.051856
(12 mo)Gross Income$6,913.71
(12 mo)
$160.02/mo$576.14/mo
(12 mo)Acres
Lot #101 ORRI
Lease NameDeniston P
OperatorRitchie Exploration Inc
Legal DescriptionS/2 NE4 and SE/4 Sec/4 Sec.6-26S-11W
County & StatePratt, KS
Decimal Interest0..0546875
Acres240 MOL
Net Income$3,493.96$291.16/mo
(12 mo)
Lot #102 Open Minerals
Lease NameScoop and Stack Sec 29 2S 4W
Legal DescriptionSec 29 2S 4W
County & StateStephens, OK
Acres2.5 Net Mineral Acres
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #103 ORRI
Lease NameSalvaggio-Eaton Unit 1
OperatorAnadarko E&P Company LP
Legal DescriptionJohn Williams Survey, A-237
County & StateBrazos, TX
Decimal Interest0.001167
Acres279.3
Net Income$126.18$10.52/mo
$126.18 from July 2017 through September 2018.Seller Comments:
(12 mo)
Lot #104 RI
Lease NameGuy Oaks
OperatorNeilco
County & StateClaiborne, LA
Decimal InterestMultiple
Net Income$282.04$23.50/mo$23.50/mo
(12 mo)
Lot #105 ORRI
Lease NameLonker G
OperatorDixon Operating Corp
Legal DescriptionSec 15 32S 12W
County & StateBarber, KS
Decimal Interest0.02734380
Net Income$1,417.85$118.15/mo
(12 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #103 ORRI
Lease NameSalvaggio-Eaton Unit 1
OperatorAnadarko E&P Company LP
Legal DescriptionJohn Williams Survey, A-237
County & StateBrazos, TX
Decimal Interest0.001167
Acres279.3
Net Income$126.18$10.52/mo
$126.18 from July 2017 through September 2018.Seller Comments:
(12 mo)
Lot #104 RI
Lease NameGuy Oaks
OperatorNeilco
County & StateClaiborne, LA
Decimal InterestMultiple
Net Income$282.04$23.50/mo$23.50/mo
(12 mo)
Lot #105 ORRI
Lease NameLonker G
OperatorDixon Operating Corp
Legal DescriptionSec 15 32S 12W
County & StateBarber, KS
Decimal Interest0.02734380
Net Income$1,417.85$118.15/mo
(12 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
James Stephensonemail: [email protected]: www.petrobase.net
Lot #106 Minerals
Lease NameGove Minerals
Legal DescriptionE/2 Sec 9 14S 31W
County & StateGove, KS
Acres160 Net Mineral Acres
Seller is selling 50% of the minerals on this legal descriptionSeller Comments:
Lot #107 Minerals
Lease NameReno County Minerals
Legal DescriptionSee note
County & StateReno, KS
Acres125.5584 Total NET Mineral acres
Seller is selling 50% of their interest in and to all the oil, gas, and other minerals under the following legal descriptions:
NW 16-25s-10w – 13.3333 NETE/2 4-25s-10w less 13.299 acres – 25.558406 NETSW 34-24s-10w – 13.3333 NETSE 5-25s-10w – 13.3333 NETNW 9-25s-10w – 13.3333 NETE2SE 9-25s-10w – 6.6666 NETW2SW 10-25s-10w – 6.6666 NETN2NW 19-25-10w – 6.6666 NETNE 28-25s-10w – 26.666666 NET
Seller Comments:
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #108 Equipment
Lease Name2007 Arrow C-106
New-style “Dish” flywheel, New Impco carbeurator, New Star Fire Ignition, New muffler, Field-run condition
Seller Comments:
Lot #109 ORRI
Lease NameGriffith 3
OperatorF G Holl Co LLC
Legal DescriptionSW Sec 3 30S 14W
County & StateBarber, KS
Decimal Interest0.00134580
Acres160
Net Income$50.00$4.17/mo
(12 mo)
Lot #110 ORRI
Lease NameDavis X-15
OperatorF G Holl Co LLC
Legal DescriptionW/2 Sec 15 30S 13W
County & StateBarber, KS
Decimal Interest0.0034180
Acres320
Net Income$19.50$1.63/mo
(12 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #108 Equipment
Lease Name2007 Arrow C-106
New-style “Dish” flywheel, New Impco carbeurator, New Star Fire Ignition, New muffler, Field-run condition
Seller Comments:
Lot #109 ORRI
Lease NameGriffith 3
OperatorF G Holl Co LLC
Legal DescriptionSW Sec 3 30S 14W
County & StateBarber, KS
Decimal Interest0.00134580
Acres160
Net Income$50.00$4.17/mo
(12 mo)
Lot #110 ORRI
Lease NameDavis X-15
OperatorF G Holl Co LLC
Legal DescriptionW/2 Sec 15 30S 13W
County & StateBarber, KS
Decimal Interest0.0034180
Acres320
Net Income$19.50$1.63/mo
(12 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Lot #111 ORRI
Lease NameLawrenz 10
OperatorF G Holl Co LLC
Legal DescriptionW/2 SW Sec 10 30S 13W & E/2 SE Sec 9 30S 13W
County & StateBarber, KS
Decimal Interest0.00161500
Acres160
Net Income$38.00$3.17/mo
(12 mo)
Lot #112 PWI
Lease NameDoran
OperatorWhite Hawk Oil Co LLP
Legal DescriptionNE Sec 14 21S 13W
County & StateStafford, KS
Gross OpEx$1,416.00
Net Income$1,512.00$126.00/mo
GWI0.054688
NRI0.0448608
(12 mo)Gross Income$2,928.00
(12 mo)
Steady production for last 10 years of around 125bbl/moSeller Comments:$118.00/mo$244.00/mo
(12 mo)
See Dataroom (https://dataroom.midcontinentenergyexchange.com) for additional information.
Elite Oil & Gas Explorer Since 1969- 316-799-1000
Superior Service throughout the Mid-Continent- 620-872-DIRT
Serving North America with Premier Customer Service-785-743-6774
We appreciate our advertising partners.Please support and visit these businesses.
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Office: (913) 837 - 4100 Fax: 1(913) 837 - 2241
[email protected]@dbdoil.com
James Stephensonemail: [email protected]: www.petrobase.net
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Buyers Agreement to Purchase Properties In consideration of the mutual promises contained herein and other valuable consideration, thereceipt and sufficiency of which are hereby acknowledged, Buyer and Mid-Continent Energy Exchange,LLC agree as follows: Buyer agrees that any information provided by Mid-Continent Energy Exchange, LLC is basedupon representations made by the seller of oil and gas properties and that Mid-Continent EnergyExchange, LLC cannot guarantee the completeness, timeliness or accuracy of the information providedby the Seller. No information provided by Mid-Continent Energy Exchange, LLC or contained on itswebsite or any other communication constitutes investment advice. Any decisions based upon theinformation provided by Mid-Continent Energy Exchange, LLC shall be considered with this in mind andthe Buyer has the sole responsibility to do its own due diligence.
PURCHASE OF PROPERTIES: At auction, by sealed bid, or by other purchase or designated salemethod, a Seller may offer properties for sale with or without a minimum reserve sales price. Buyer canmake bids or offers on the property for sale. The Buyer with the highest bid or offer at the ending time andwhose bid or offer meets the minimum sales price (if any) or the Buyer whose bid or offer is accepted bySeller, will be obligated to purchase the property for that price. Buyer agrees to participate as a bidder inthe sale process for the sale of oil and gas properties and any negotiations following the sale process.BUYERS REPRESENTATIONS, AGREEMENTS, WARRANTIES AND ASSURANCES: Buyer agreesthat properties for sale through Mid-Continent Energy Exchange, LLC are not intended or considered tobe securities under the Securities Act of 1933, the Securities Exchange Act of 1934 and all applicablestate securities laws. Buyer hereby acknowledges and agrees that any sale of oil and gas royaltiesthrough Mid-Continent Energy Exchange, LLC is the process of putting a willing Seller in contact with awilling Buyer to facilitate the purchase of oil and gas properties. Buyer represents that he is asophisticated, accredited and qualified investor. Buyer represents, by executing this agreement, that aBuyer is (a) primarily engaged in the business of exploring for or producing oil or gas or other minerals asan ongoing business; (b) by reason of this knowledge or experience, the Buyer will evaluate the merits and risks of the properties to be purchased through Mid-Continent Energy Exchange, LLC and will forman opinion based upon Buyer’s knowledge and experience and not upon any statement, representation orprinted material provided by Mid-Continent Energy Exchange, LLC or its representative; (c) the Buyer isof legal age, has sufficient financial resources in order to bear the risk of loss attached to the purchase ofany property that Buyer bids upon; (d) Buyer has an annual income of $200,000.00 for any natural personin each of the two most recent years or joint income with the persons spouse of not less than $300,000.00in each of those years and has a reasonable expectation of reaching the same income level in the currentyear or Buyer has a net worth or a joint net worth with that persons spouse, at the time of his purchaseexceeding $1,000,000.00 or Buyer is a business entity with total assets in excess of $5,000,000.00, asshown by the business’s most recent prepared financial statements and has sufficient knowledge andexperience in business and financial matters to evaluate the merits and risks of the acquisition of oil andgas property. Buyer has a continuing duty to notify Mid-Continent Energy Exchange, LLC if Buyersubsequently fails to qualify as a sophisticated, qualified and accredited investor. Buyer agrees toindemnify and hold Mid-Continent Energy Exchange, LLC harmless from any and all violations ofapplicable securities laws that result from any misrepresentation of the Buyer being a sophisticated,qualified and accredited investor.
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BUYER’S DUE DILEGENCE AND INDEPENDENT EVALUATION: Buyer hereby acknowledges andagrees that it has the sole responsibility to examine all information concerning ownership and productionof the properties placed for sale through Mid-Continent Energy Exchange, LLC. Further, Buyeracknowledges and agrees that if it requires additional information concerning said properties, Buyer mustcontact Mid-Continent Energy Exchange, LLC or the Seller to obtain requested information prior to thebeginning date of the sale process. If Buyer makes a bid or offer on any property after making a requestfor additional information, Buyer waives the performance of that request. Buyer further agrees that it willmake an independent evaluation of the property and acknowledges that the Seller and Mid-ContinentEnergy Exchange, LLC have made no statements or representations concerning the present or futurevalue or the future income, costs or profits, if any, to be derived from the property. Buyer acknowledges inthat making a bid or offer in the sale process that Buyer has relied solely on its independent examinationof the premises and public records and that Buyer’s bids and offers are based solely on Buyer’sindependent inspections, estimates, computations, evaluations, reports, studies and knowledge of theproperties. Any and all information provided by Seller or Mid-Continent Energy Exchange, LLC in theproperty information sheet or data packages, as well as any other information provided by Seller or MidContinentEnergy Exchange, LLC, are furnished to Buyer at Buyer’s sole risk. Seller and Mid-ContinentEnergy Exchange, LLC do not warrant or represent as to the accuracy or completeness of the datapresented to the Buyer, and the Buyer agrees to indemnify and hold Mid-Continent Energy Exchange,LLC and Seller harmless from any reliance by Buyer on data provided by the Seller and/or Mid-ContinentEnergy Exchange, LLC.CONTRACT COMPLIANCE: Buyer hereby agrees to comply with all applicable joint operatingagreements, unitization agreements, communication agreements and other agreements that pertain tothe ownership of the subject properties. Buyer is fully responsible to obtain waivers of uniformmaintenance under joint operating agreements, if needed, and agrees to indemnify and hold MidContinentEnergy Exchange, LLC, and Seller harmless, if the same are not obtained by Buyer, or waivedby a third party.LESSER INTEREST: If Buyer discovers that the properties conveyed by Seller are of lesser interest thanwhat is represented on the property information sheet and associated data, or any modifications orchanges thereto, Buyer shall send notification to Seller within 60 days from the date of sale whichdescribes the difference in interest accompanied by adequate proof of said lesser interest. Buyer agreesthat within 30 days following the receipt of the notification, Seller will at Seller’s option and by writtennotice to Buyer, (a) refund a pro-rata share of the purchase price based on the amount of the interest losscompared to the total price paid for the full represented interest; or (b) Cure the defect that is attributableto the lesser interest; or (c) rescind the sale and Buyer shall reassign the same back to Seller free from any and all encumbrances of Buyer and Seller will refund the amount paid by Buyer upon execution anddelivery of the assignment from Buyer to Seller.Mid-Continent Energy Exchange, LLC shall be entitled to retain commission paid or payable by Seller andin all events, the Buyer’s sole remedy is against Seller.GAS IMBALANCES: Buyer acknowledges and agrees that properties on which it may bid or make offersmay be subject to gas imbalances pursuant to gas balancing agreements between working interestparties or in the absence of agreements between the working interest parties and the unit. All propertiesshall be sold without warranty on an “as is, where is” basis. No adjustment in the purchase price shall bemade as a result of an inaccuracy in the estimated gas imbalance amount disclosed by Seller. Seller shallprovide information it believes accurate to the status of gas imbalances for the offered properties, butneither Seller nor Mid-Continent Energy Exchange, LLC makes any representations or warranties as tothe accuracy of said information.
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ENVIRONMENTAL LIABILITIES: Buyer hereby acknowledges and agrees that after the date of thisassignment it is responsible for any and all losses attributable to any and all environmental events orimpacts, including without limitation, damage to property, injury or death of persons or things, naturalresource damage, environmental remediation and restoration, costs, fines, or penalties arising out of orattributable to the ownership, condition or operation of the properties purchased by Buyer.ROYALTY, OVERRIDING ROYALTY, WORKING INTEREST, CONTRACTUAL LIABILITIES ANDOPERATION LIABILITIES: Buyer agrees and acknowledges that any and all liabilities relating toobligations to pay royalties, contractual obligations under oil and gas leases, joint operating agreementsand liabilities associated with the ownership, condition and operation of the subject properties become theBuyers liability from the effective date of assignment. Seller shall be liable for its period of ownership priorto the effective date of assignment of the property.NO WARRANTIES (EXPRESS OR IMPLIED): Buyer acknowledges and agrees that it is acquiring theproperties, wells, equipment and other property located thereon from Seller without warranty whatsoever,express, statutory or implied as to the description, title, condition, quality, fitness for purpose,merchantability, or otherwise. Buyer acknowledges and agrees that neither the Seller nor Mid-ContinentEnergy Exchange, LLC, makes any representation or warranty whatsoever as to the physical condition ofthe property nor any statements or representation concerning the present or future value of theanticipated income, cost, or profits, if any, to be derived from the property. Buyer acknowledges andagrees that all property is sold on an “as is, where is” basis.TITLE: Buyer hereby acknowledges and agrees that it has the sole responsibility to examine allinformation concerning title to the property and to conduct its own independent evaluation to ascertain titleto the properties and satisfy itself that the title is marketable, defensible or acceptable. Buyeracknowledges and agrees that it will indemnify and hold Seller and Mid-Continent Energy Exchange, LLCharmless as to the accuracy of any documents of title to the properties. Buyer further acknowledges andagrees that neither Seller nor Mid-Continent Energy Exchange, LLC warrants title, either express orimplied, and that all title to property is on an “as is” basis.CLOSING: Buyer acknowledges and agrees that upon notification from Mid-Continent Energy Exchange,LLC, at Buyer’s successful bid or offer on Seller’s property, Buyer shall tender the total amount of fundsrequired to purchase the property to the designated escrow bank as determined by Mid-Continent EnergyExchange, LLC by either wire transfer, next day delivery or overnight mail, by certified check orpreapproved check from Mid-Continent Energy Exchange, LLC, or hand courier delivery service to thedesignated closing office, all within 48 hours of notification. Buyer agrees that all funds will be held inescrow until Seller provides all executed documents of conveyance to Buyer.BUYERS DEFAULT: Buyer acknowledges and agrees that if it defaults for any reason, Mid-ContinentEnergy Exchange, LLC and Seller shall have all remedies available to them by Kansas law, includingspecific performance declaring the sale void and reselling the property, seeking damages from Buyer,including all costs and reasonable attorneys’ fees resulting from Buyers breach.LAW GOVERNING AGREEMENT: Buyer acknowledges and agrees that this agreement shall begoverned and interpreted in accordance with the laws of the state of Kansas and that proper venue forany disputes arising out of this agreement shall be Sedgwick County, Kansas.NOTICES: Buyer acknowledges and agrees that any notice provided or permitted to be given under thisagreement shall be in writing and mailed to the Buyer at the address appearing above, or to MidContinentEnergy Exchange, LLC at the address appearing above.
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