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Home My WebLink About20120499.tiff RESOLUTION RE: APPROVE REQUEST TO WAIVE BID PROCEDURE CONCERNING OIL AND GAS LEASE, ACCEPT OFFER TO LEASE MINERAL ACRE, AND AUTHORIZE CHAIR TO SIGN - KERR-MCGEE OIL AND GAS ONSHORE, LP WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, Kerr-McGee Oil and Gas Onshore, LP, 1099 18th Street, Suite 1800, Denver, Colorado 80202, has requested that the bidding procedure be waived according to the policy as set forth in the Weld County Code for parcels less than five acres, on the following described mineral acres: Lot 3, Block 9, containing 0.0673 acres; Lots 27 and 28, Block 11, containing 0.1435; and Lots 9 and 10, Block 14, containing 0.2360 acres; all in Section 30, Township 2 North, Range 67 West of the 6th P.M., Weld County, Colorado WHEREAS, Kerr-McGee Oil and Gas Onshore, LP, is offering to lease the above described mineral acres, containing .4468 mineral acres, more or less, and WHEREAS, the Board finds that the lease offer from Kerr-McGee Oil and Gas Onshore, LP, in the amount of ONE HUNDRED SEVENTY-EIGHT AND 72/100 DOLLARS ($178.72), is acceptable, with the further terms and conditions being as stated in said Small Tract Oil and Gas Lease, a copy being attached hereto and incorporated herein by reference. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the request of Kerr-McGee Oil and Gas Onshore, LP, to waive the bidding procedure on an Oil and Gas Lease concerning the above described mineral acres, be, and hereby is, granted. BE IT FURTHER RESOLVED by the Board that the offer of Kerr-McGee Oil and Gas Onshore, LP, to lease mineral acres, as hereinabove stated, be, and hereby is, accepted. BE IT FURTHER RESOLVED by the Board that the Chair, be, and hereby is, authorized to sign said Small Tract Oil and Gas Lease. C C C4 tut h'kc Gtt 2012-0499 LE0301 3- \LA-Va WAIVE BID PROCEDURE - KERR-MCGEE OIL AND GAS ONSHORE, LP PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 22nd day of February, A.D., 2012. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO ATTEST:'ac"- c Sean P. Conway, Chair Weld County Clerk to the Board WiilllliarrPF.c6arcia, Pro-Te BY: /� Deputy CI-''k to the Boar i a ' Ai-1 al flit i � Ia ara Kirkmeyer AP e EDA FatRM �ryavid E. Long ( V ounty Attorney ��.�►� a i � �1�! Dougl-s Radema• er Date of signature: 1/43-pi--/Q 2012-0499 LE0301 WELD COUNTY OIL AND GAS LEASE (Small Tract) THIS AGREEMENT, made and entered into this :)Oa day of 'kelp i ucLnA , 2012, by and between WELD COUNTY, COLORADO, a political subdivision of the State of Colorado acting by and through the Board of County Commissioners of the County of Weld, 915 10th Street, P.O. Box 758, Greeley, CO 80632, hereinafter called Lessor, and: Kerr-McGee Oil & Gas Onshore LP 1099 18'" Street, Suite 1800 Denver, CO 80202 hereinafter called Lessee. WITNESSETH, that Lessor, for and in consideration of the sum of$ 178.72 , cash in hand paid, the receipt of which is hereby acknowledged, and the covenants and agreements hereinafter described, has granted, demised, leased and let, and by these presents does grant, demise, lease and let exclusively unto the said Lessee, the land hereinafter described, with the exclusive right for the purpose of mining, exploring by geophysical and other methods, and operating for and producing therefrom; oil and all gas of whatsoever nature or kind, with rights of way and easement for laying pipe lines, and erection of structures thereon to produce, save and take care of said products, all that certain tract of land situated in the County of Weld, State of Colorado, described as follows, to wit: Lot 3, Blk 9, containing 0.0673 acres Lots 27, 28, Blk 11, containing 0.1435 acres Lots 9, 10, Blk 14, containing 0.2360 acres Section 30 Township 2 North, Range 67 West of the 6th P.M., Weld County, Colorado: and containing .4468 acres, more or less. 1. It is agreed that the lease shall remain in force for a term of three (3) years from this date and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as hereinafter provided. If, at the expiration of the primary term of this lease, oil or gas is not being produced on the leased premises or on acreage pooled therewith but Lessee is then engaged in drilling or re-working operations thereon, then this lease shall continue in force so long as operations are being continuously prosecuted on the leased premises or on acreage pooled therewith; and operations shall be considered to be continuously prosecuted if not more than ninety (90) days shall elapse between the completion or abandonment of one well and the beginning of operations for the drilling of a subsequent well. If after discovery of oil or gas on said land or on acreage pooled therewith, the production thereof should cease from any cause after the primary term, this lease shall not terminate if Lessee commences additional drilling or re-working operations within ninety (90) days from date of cessation of production or from date of completion of dry hole. If oil or gas shall be discovered and produced as a result of such operations; at or after the expiration of the primary term of this lease, this lease shall continue in force so long as oil or gas is produced from the leased premises or on acreage pooled therewith. 2. This is a PAID-UP LEASE. In consideration of the down cash payment, Lessor agrees that Lessee shall not be obligated, except as otherwise provided herein, to commence or continue any operations during the primary term. Lessee may at any time or times during or after the primary term surrender this lease as to all or any portion of said land and as to any strata or stratum by delivering to Lessor or by filing for record a release or releases, and be relieved of all obligation thereafter accruing as 111111 11111 111113111 III 111111111111 III IIIII IIII IIII 2012-0499 3826952 02/24/2012 10:59A Weld County, CO L503301 1 of 5 R 0.00 D 0.00 Steve Moreno Clerk& Recorder to the acreage surrendered. 3. In consideration of the premises the said Lessee covenants and agree to pay Lessor twenty percent (20%) of the proceeds received by Lessee, payable monthly, for the oil, gas and other hydrocarbons produced and saved from the leased premises. 4. Where gas from a well capable of producing gas is not sold or used, Lessee may pay or tender as royalty to Lessor One Dollar per year per net mineral acre owned by Lessor and covered by this lease, such payment or tender to be made on or before the anniversary date of this lease next ensuing after the expiration of 90 days from the date such well is shut in and thereafter on or before the anniversary date of this lease during the period such well is shut in. If such payment or tender is made, it will be considered that gas is being produced within the meaning of this lease. 5. If said Lessor owns less than the entire oil and gas fee simple estate in the above described lands, then the royalties (including any shut-in gas royalty) herein provided for shall be paid to the said Lessor only in the proportion which Lessor's interest bears to the entire oil and gas mineral fee simple estate. 6. Lessee shall have the right to use, free of cost or royalty, gas, oil and water produced on said land for Lessee's operations thereon, except water from the wells of Lessor. 7. When requested by Lessor, Lessee shall bury Lessee's pipe lines below plow depth. 8. No well shall be drilled nearer than 200 feet to any occupied building on said premises without the written consent of Lessor. 9. Lessee shall have the right at any time to remove all of Lessee's machinery and fixtures placed on said premises, including the right to draw and remove casing. 10. The rights of Lessor and Lessee hereunder may be assigned in whole, or in part, upon payment of a $25.00 fee and written consent of the Board of Weld County Commissioners. No change in ownership of Lessor's interest (by assignment or otherwise) shall be binding on Lessee until Lessee has been furnished with notice, consisting of certified copies of all recorded instruments or documents and other information necessary to establish a complete chain of record title from Lessor, and then only with respect to payment thereafter made. No other kind of notice, whether actual or constructive, shall be binding upon Lessee. No present or future division of Lessor's ownership as to different portions or parcels of said land shall operate to enlarge the obligations or diminish the rights of Lessee, and all Lessee's operations may be conducted without regard to any such division. If all or any part of this lease is assigned, no leasehold owner shall be liable for any act or omission of any other leasehold owner. 11. Lessee, at its option, is hereby given the right and power at any time and from time to time as a recurring right, either before or after production, as to all or any part of the land described herein and as to any one or more of the formations hereunder, to pool or unitize the leasehold estate and the mineral estate covered by this lease with other land, lease or leases in the immediate vicinity for the production or oil and gas, or separately for the production or either, when in Lessee's judgment it is necessary or advisable to do so, and irrespective of whether authority similar to this exists with respect to such other land, lease or leases. Likewise, units previously formed to include formations not producing oil or gas may be reformed to exclude such non-producing formations. The forming or reforming of any unit shall be accomplished by Lessee executing and filing of record a declaration of such unitization or reformation, which declaration shall describe the unit. Any unit may include land upon which a well has theretofore been completed or upon which operations for drilling have theretofore been commenced. Production, drilling or reworking operations or a well shut in for want of a market anywhere on a unit which includes all or a part of this lease shall be treated as if it were production, drilling or reworking operation or a well shut in for want of a market under this lease. In lieu of the royalties elsewhere herein specified, including shut-in gas royalties, Lessor shall receive on production from the unit so pooled I 111111 11111 1111111 VIII III 11111 1111111 111 11111 11II IIII 3826952 02/24/2012 10:59A Weld County, CO 2 of 5 R 0.00 D 0.00 Steve Moreno Clerk & Recorder (Revised 1/2011) royalties only on the portion of such production allocated to this lease; such allocation shall be that proportion of the unit production that the total number of surface acres covered by this lease and included in the unit bear to the total number of surface acres in such unit. In addition to the foregoing, lessee shall have the right to unitize, pool or combine all or any part of the above described lands as to one or more of the formations thereunder with other lands in the same general area by entering into a cooperative or unit plan of development or operation approved by any governmental authority and, from time to time, with like approval, to modify, change or terminate any such plan or agreement and, in such event, the terms, conditions and provisions of this lease shall be deemed modified to conform to the terms, conditions and provisions of such approved cooperative or unit plan of development or operation and, particularly, all drilling and development requirements of this lease, express or implied, shall be satisfied by compliance with the drilling and development requirements of such plan or agreement, and this lease shall not terminate or expire during the life or such plan or agreement. In the event that said above described lands or any part thereof shall hereafter be operated under any such cooperative or unit plan of development or operation whereby the production therefrom is allocated to different portions of the land covered by said plan, then the production allocated to any particular tract of land shall, for the purpose of computing the royalties to be paid hereunder to Lessor, be regarded as having been produced from the particular tract of land to which it is allocated and not to any other tract of land; and the royalty payments to be made hereunder to Lessor shall be based upon production only as so allocated. Lessor shall formally express Lessor's consent to any cooperative or unit plan of development or operation adopted by Lessee and approved by any governmental agency by executing the same upon request of Lessee. 12. All express or implied covenants of this lease shall be subject to all Federal and State laws, executive orders, rules or regulations, and this lease shall not be terminated, in whole or in part, nor Lessee held liable in damages, for failure to comply therewith, if compliance is prevented by, or if such failure is the result of, any such law, order, rule or regulation. 13. Lessor does not warrant title to the leased premises, but it shall, upon request, allow Lessee access to such abstracts and other title papers as it has in its files. Lessee shall have the right at any time to redeem for Lessor, by payment, any mortgages, taxes or other liens on the above described lands in the event of a default of payment by Lessor, and be subrogated to the rights of the holder thereof. 14. Lessee shall indemnify Lessor against all liability and loss, and against all claims and actions, including the defense of such claims or actions, based upon or arising out of damage or injury, including death, to persons or property caused by or sustained in connection with operations on this leased land or by conditions created thereby, or based upon any violation of any statute, ordinance or regulation. 15. Upon failure or default of Lessee to comply with any of the terms and provisions hereof including but not limited to the failure to comply with laws, rules and regulations covering Colorado oil and gas operations, Lessor is hereby authorized upon notice and hearing, as hereinafter provided, to cancel this lease as to all of the leased land so claimed or possessed by Lessee hereunder. In the event of any such default or failure, Lessor shall, before making any such cancellation, send to Lessee by certified mail, to the post office address of said lessee as shown by the records of Lessor, a notice or intention to cancel for such failure or default, specifying the same, stating that if within thirty (30) days from the date of mailing said notice, Lessee shall correct such failure or default, no cancellation will be made. If such failure or default is not corrected with thirty (30) days after the mailing of such notice, and if Lessee does not request a hearing on such notice within thirty (30) days, this lease will terminate and be canceled by operation of the paragraph without further action by Lessor, or further notice to Lessee. 16. All of the provisions of this lease shall be binding upon the heirs, personal representatives, successors and assigns of Lessor and Lessee. 17. Lessee shall not conduct operations of any kind upon the surface of the lands herein described without the express written consent of Lessor. I111111 11111 1111111 11111 III 11111 1111111 III 11111 IIII IIII 3826952 02/24/2012 10:59A Weld County, CO 3 of 5 R 0.00 D 0.00 Steve Moreno Clerk& Recorder (Revised 1/2011) 18. Neither party shall be responsible for delays or failures in performance resulting from acts or occurrences beyond the reasonable control of such party, including, without limitation: fire, explosion, power failure, flood, earthquake or other act of God; war, revolution, civil commotion, terrorism, or acts of public enemies; any law, order, regulation, ordinance, or requirement of any government or legal body or any representative of any such government or legal body; or labor unrest, including without limitation, strikes, slowdowns, picketing or boycotts. In such event, the party affected shall be excused from such performance (other than any obligation to pay money) on a day-to-day basis to the extent of such interference (and the other party shall likewise be excused from performance of its obligations on a day- to-day basis to the extent such party's obligations relate to the performance so interfered with). IN WITNESS WHEREOF, Lessor has hereunto signed and caused its name to be signed by the CHAIR, BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF WELD, with the seal of the office affixed, and Lessee has signed this agreement, the day and year first above written. ATTEST: i.,s<,.='_—�.k``.% •:.. 'a. Weld County Clerk to the Boa, -t9.` ' Att,.,„;,.\-J RD OF COUNTY COMMISSIONERS � D COUNT COLORADO By: �j,1Leer /1.1 ^` t : Y, Deputy Cl to the Board ' Chair, Board of County Co issione FEB 2 2 2012 STATE OF COLORADO ) ss COUNTY OF WELD ) The foregoing instrument was acknowledged before me this 22nd day of February , 20 12 , by Sean P. Con ez Witness my hand and official seal. •,G' i TONYA i ry Law-Tx-it! DISNEY Notary Public N�9j:••.......... ••Qto U "OF CO'O My Commission Expires: it)--7 -c20/e/ MY COMM. ERP 1n.n' 2014 MIDI 11111 1111111 11111 III 11111 1111111 III VIII IIII IIII 3826952 02/24/2012 10:59A Weld County, CO 4 of 5 R 0.00 0 0.00 Steve Moreno Clerk& Recorder o2G,/ _G,7j9 (Revised 1/2011) LESSEE: Kerr-McGee Oil & Gas Onshore LP 1099 18th Street, Suite 1800 Denver, CO 80202 ,#L i /#47 By: ,Matthew T. Miller f Title: Agent and Attorney-in-fact STATE OF COLORADO ) CITY OF DENVER ) ss COUNTY OF DENVER ) L! `` The foregoing instrument was acknowledged before me this 2 � / day of JAM)the I , 20L, by Matthew T. Miller, as Agent and Attorney-in-fact of Kerr-McGee Oil & Gas Onshore LP. Witness my hand and official seal. �\E�AIFNy/�`,r Yto.0OTAAL.�rr a YhLcl l� i- • / 1 / ary Public t�'i�d+j'•,AGgVP My Commission Expires: ///z 9 l c04�j�0F.....P-P�.�ory SS'ON EXPIRES' 1 11111111111111111111111I 11111111111111 1111111111111111 3826952 02/24/2012 10:59A Weld County, CO 5 of 5 R 0.00 D 0.00 Steve Moreno Clerk& Recorder (Revised 1/2011) Kerr-McGee Oil & Gas Onshore LP P.O.Box 173779 Denver,CO 80217-3779 720-929-6000(main) KerrNtGee 720-929-7487(fax) February 13, 2012 VIA CERTIFIED MAIL 91 7199 9991 7030 5959 4468 Board of the County Commissioners of the County of Weld P.O. Box 758 Greeley, CO 80632 RI co-n rn C7 co r RE: Bonus Check for Weld County Oil and Gas Lease (Small Tract) M -Sc tin' Township 2 North, Range 67 West,Section 30, 6th P.M. �� ▪ CDC Lot 3, Block 9; Lots 27, 28, Block 11; Lots 9, 10, Block 14 (f mZ o • =7-< Containing .4468 acres, more or less u'1 CO Dear Sir/Madam: On January 29, 2012,we sent you a lease for the subject lands. Please find enclosed a check for the lease bonus for that lease. Please execute and notarize the lease and return one original to my attention. If you have any questions regarding this matter you may contact me at 720-929-6613. Sincerely, ry, Katie Baker Landman KB/jv Enclosure: Check#838228213 O RECEIPT DATE al-ly-E /a ND. 86278 O O4 /n^• a co RECEIVED FROMKerr: / i �C l7 Q Qi m f i Ons`7 or'-e- U o o ADRRESS cm o ru Nundcd Svsa- aRt wy �oo - $ /78,1°. ° o 8 cif FOR Small Ltans -/ 71W, 6,17)(530, LE 0301 -0 Y m a C7 HOW PAID U /y1 !^/^�p� CASH 232,2 S i3 c OQG] Cia• ' CHECK 198 "la. BY la te,,.. .�l MONEY ORDER Kerr-McGee Oil & Gas Onshore LP P.O.Box 173779 Denver,CO 80217-3779 720-929£000(main) Kerrit tGee 720-929-7487(fax) January 29, 2012 VIA CERTIFIED MAIL 91 7199 9991 7030 5959 2273 Board of the County Commissioners of the County of Weld P.O. Box 758 Greeley, CO 80632 RE: Weld County Oil and Gas Lease (Small Tract) Township 2 North, Range 67 West, Section 30, 6`h P.M. Lot 3, Block 9; Lots 27, 28, Block 11; Lots 9, 10, Block 14 Containing .4468 acres, more or less Dear Sir/Madam: Kerr McGee Oil &Gas Onshore LP is interested in leasing the minerals in the above mentioned lands. Enclosed are two (2) copies of an oil and gas lease covering the captioned lands for your review and execution. The lease includes the following terms: - $178.72 Lease Bonus($400/acre) 1/5`" Royalty - 3 year term If you approve of these terms,we ask that you please return a fully executed and notarized copy of the enclosed lease, retaining one copy for your records. The bonus payment referenced above will be forwarded once we receive the executed lease. If you have any questions regarding this matter you may contact me at 720-929-6613. Sincerely, Kam Katie Baker Landman KB/jv Enclosure: Oil and Gas Lease BEATTY & WOZNIAK, P.C. `io ATTORNEYS AT LAW �" 218 SIXTEENTH STREET,SUITE 1100 DENVER,COLORADO 80202-5115 TELEPHONE(303) 407-4499 CASPER CRAIG M. BERUBE FACSIMILE(303) 407-4494 CHLTRNNE www.bwenergylaw.com DIRECT: (303)407-4461 DENVER E-MAIL: CBERUBEGVBWENEROYLAW.COM SALT LAKE CITY SANTA FE November 1, 2011 Kerr-McGee Oil & Gas Onshore LP IL.„ )„ ':111/71778 1099 18th Street, Suite 1800Denver, CO 80202Attention: Katie BakerKerr*„,,nion '42e Drilling and ion Title Re: Overlook 211-30swell (the"subjects well") e kooky Mtn Corp Weld County,Colorado Our File Nos. 5508.0168 Ladies and Gentlemen: Pursuant to your request, we have examined the materials listed below and based upon that information we submit this Drilling and Division Order Title Opinion covering the following described lands: LANDS COVERED BY OPINION Township 2 North, Range 67 West, 6th P.M. Section 30: W/2NE/4, E/2NW/4 Weld County, Colorado containing 160.00 acres, more or less MATERIALS EXAMINED 1. Supplemental Drilling and Division Order Opinion dated May 2, 2000, by Susan L. Hovey covering E/2, Section 30, T2N, R67W, 6th P.M., through its certification date of April 11,2000 (the"Prior Title Opinions covering the E/2, Section 30"). 2. Personal examination of an Index of Documents based upon the records of the Weld County, Colorado, Clerk and Recorder's Office covering the li/2 of Section 30, T2N, R67W, 6th P.M. for the period of time from April 11, 2000 through a plant date of April 14, 2011, as indexed in the Heritage Title Company's plant report, including copies (or partial copies) of selected documents referenced by the Index of Documents. 3. Personal examination of a Transcript of Title prepared by J. Jones of Pensar Petroleum, LLC, for Anadarko Petroleum Corporation, based upon the records of the Weld Energy bt the Law° Operating in Wyoming as Beatty,Wozniak&Reese BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 2 of 71 County, Colorado, Clerk and Recorder's Office covering NW/4, Section 30, T2N, R67W, 6th P.M. for the period of time from inception of records through June 1, 1993, including copies (or partial copies) of selected documents referenced by the Abstract of Title. 4. Personal examination of an Index of Documents based upon the records of the Weld County, Colorado, Clerk and Recorder's Office covering the W/2 of Section 30, T2N, R67W, 6th P.M. for the period of time from June 1, 1993 through a plant date of November 23, 2010, as indexed in the Heritage Title Company's plant report, including copies (or partial copies)of selected documents referenced by the Index of Documents. 5. Partial index of documents prepared by Katie Petross of Anadarko Petroleum Corporation based upon the records of the Weld County, Colorado, Clerk and Recorder's Office covering the platted portion of the NW/4, Section 30, T2N, R67W, 6th P.M. through the certification date of this title opinion, including copies (or partial copies) of selected documents referenced by the Index of Documents(see Comment and Requirement No. 7). 6. Various documents pertaining to the subject lands and leases as provided to this office by Kerr-McGee Oil & Gas Onshore LP, including: copies of the pertinent oil and gas leases, well location certificates, pad drawings, maps, revenue decks and other miscellaneous well information covering wells located in the subject lands. 7. Online acreage information available from the official website of the Bureau of Land Management, accessible at http://www.blm.gov/Ir2000/sitemap.htm. 8. Online records of the Weld County, Colorado Treasurer, accessible at http://www.co.weld.co.us/Departments/Treasurer/index.html, insofar as those records reflect the payment status of real property taxes assessed against the subject lands and ownership of the surface estate as of the certification date of this opinion. 9. Name change and merger records of the BLM as reflected on their official website at http://www.blm.gov/wy/st/en/resources/public room/corporate list.html as of the certification date of this title opinion. Unless otherwise indicated, book and page recording information shown in this Opinion pertains to the records of the Office of the Clerk and Recorder of Weld County, Colorado. BEATTY&WOZNIAK,P.C. Kerr-McGee Oil &Gas Onshore LP Overlook#21-30 well—5508.0168 November 1, 2011 Page 3 of 71 OWNERSHIP Based upon the materials examined and subject to the Comments and Requirements set forth herein, we find title to the subject lands and leases, as of April 14, 2011, at 7:45 a.m.,to be owned and encumbered as follows: SURFACE [ See Exhibits B and C OIL,GAS AND OTHER MINERALS(EXCLUDING COAL) A part of the NW/4NE/4, Section 30,T2N,R67W,6th P.M.,described as follows: Beginning at the intersection of the Southerly right-of-way line of the County road which lies along the North line of said Section 30, and the Easterly right-of-way line of 4th Street in the Town of Firestone; thence Southerly along said Easterly right-of-way line a distance of 660 feet; thence Easterly and parallel with the Southerly right-of-way line of said County road a distance of 330 feet; thence Northerly and parallel with the Easterly right-of-way line a distance of 660 feet to said Southerly right-of-way line; thence Westerly along said Southerly right-of-way line to the point of beginning Owner Interest Town of Firestone, Colorado2 100% All remaining portions of the NE/4,Section 30,T2N,R67W,6th P.M. Owner Interest Tom L. Russell and Margaret I. Russell, JT3 100% Ownership information pertaining to the surface estate was obtained from the records of the Weld County Assessor's Office as that information appeared on its official website as of the certification date of this title opinion. 2 The Prior Title Opinion covering the E/2, Section 30,notes a differential in the description of this ownership tract in certain documents of title; however, the examiner assumed that the same tract of land was described. See Comment and Requirement No.21 of the Prior Title Opinion for additional information. 3 See Comment and Requirement No. 5. BEATTY&WOZNIAK,P.C. Kerr-McGee Oil &Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 4 of 71 E/2NW/4,Section 30,T2N, R67W,6th P.M. Owner Interest Various lot owners(see leasehold ownership schedule) 100% OIL AND GAS LEASEHOLD (excluding all existing wellbores) A part of the NW/4NE/4, Section 30, T2N, R67W, 6th P.M., described as follows: Beginning at the intersection of the Southerly right-of-way line of the County road which lies along the North line of said Section 30, and the Easterly right-of-way line of 4th Street in the Town of Firestone; thence Southerly along said Easterly right-of-way line a distance of 660 feet; thence Easterly and parallel to with the Southerly right-of-way line of said County road a distance of 330 feet; thence Northerly and parallel with the Easterly right-of-way line a distance of 660 feet to said Southerly right-of-way line; thence Westerly along said Southerly right-of-way line to the point of beginning Containing 5.00 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 85.000000% WI 1 (100%WI x 85%NRI OGL) Town of Firestone, Colorado 15.000000% RI 1 (100%MI x 15%RI) TOTAL: 100.000000% 100.000000% All remaining portions of the W/2NE/4, Section 30,T2N, R67W,6th P.M. Containing 75.00 acres,more or less Surface to the base of the Shannon formation Working Net Revenue Lease Owner Interest Interest Type No. K. P. Kauffinan Company, Inc. 100.000000% 87.500000% WI 2 (100%WI x 87.5%NRI OGL) BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 5 of 71 Working Net Revenue Lease Owner Interest Interest Type No. Tom L. Russell and Margaret I. Russell, JT4 12.500000% RI 2 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% All depths and formations below the base of the Shannon formation, except production from the J Sand formation and wells located within the SE/4,Section 30 Working Net Revenue Lease Owner Interest Interest Type No. Kerr-McGee Oil &Gas Onshore LP 100.000000% 87.500000% WI 2 (100%WI x 87.5%NRI OGL) Tom L. Russell and Margaret I. Russell,JT5 12.500000% RI 2 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Production from the JSand formation from wells located within the SF✓4,Section 30 Working Net Revenue Lease Owner Interest Interest Type No. Kerr-McGee Oil& Gas Onshore LP 91.000000% 79.625000% WI 2 (91%WI x 87.5%NRI OGL) True Oil LLC 9.000000% 7.875000% ORI 2 (9%WI x 87.5%NRI OGL) Tom L. Russell and Margaret I. Russell, JT6 12.500000% RI 2 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% 4 See Comment and Requirement No. 5. 5 See Comment and Requirement No.5. 6 See Comment and Requirement No.5. BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 6 of 71 Lots 1 through 3, 38 through 40, Block 3; Lots 1 through 3, 38 through 40, Block 4; Lot 1 through 20,23 through 40, Block 5; Lots 1 through 40,Block 8; Lots 1 through 3,Block 9; Lots 1 through 20, 25 through 28, 33 through 40, Block 11; Lots 1 through 23, 28 through 40,Block 12; Lots 1 through 40,Block 13; Lots 8 through 12,21 through 26,Block 14; Lots 1 through 6, 15 through 20, 25 through 32, Block 17; Lots 1 through 40, Block 18; Lots 1 through 40, Block 19; Lots 1 through 40, Block 20; Lots 1 through 3, 38 through 40, Block 22; Lots 1 through 34,Block 23; Lots 32 through 34,Block 24; all in the Town of Firestone, Colorado Containing 45.4291 acres, more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. Kerr-McGee Oil & Gas Onshore LP 100.000000% 87.500000% WI 3 (100%WI x 87.5%NRI OGL) Weld County, Colorado 12.500000% RI 3 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 1 through 40,Block 1,Town of Firestone,Colorado Containing 4.6955 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 4 (100%WI x 87.5%NRI OGL) Michael J. Carroll 12.500000% RI 4 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 7 of 71 Lots 4 through part of 38,Block 2,Town of Firestone, Colorado Containing 3.9219 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. Kerr-McGee Oil& Gas Onshore LP 100.000000% 87.500000% WI 5 (100%WI x 87.5%NRI OGL) Estate of Partner A. Gillespie,Jr. 6.250000% RI 5 (50%MI x 12.5%RI) Harvey C. Young 6.250000% RI 5 (50%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 1 through 3, Block 2,Town of Firestone, Colorado Containing 0.3796 acres All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. Kerr-McGee Oil & Gas Onshore LP 100.000000% 87.500000% WI 5 (100%WI x 87.5%NRI OGL) Clarence and Margaret Lewis,JT 12.500000% RI 5 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil & Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 8 of 71 Lots part of 38 through 40,Block 2, Town of Firestone,Colorado Containing 0.3364 acres All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. Kerr-McGee Oil&Gas Onshore LP 100.000000% 87.500000% WI 5 (100%WI x 87.5%NRI OGL) Leslie and Katrina Smith,JT 12.500000% RI 5 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 21,22,Block 5; Lots 9 and 10,Block 17,Town of Firestone,Colorado Containing 0.5296 acres, more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 6 (100%WI x 875%NRI OGL) The Elkhorn Company 12.500000% RI 6 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 9 of 71 Lots 1 through part of 3,Block 6,Town of Firestone,Colorado Containing 0.3364 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. Ronald and Cynthia Sullivan,JT 100.000000% MI None (100%unleased MI) TOTAL: 100.000000% 100.000000% Lots part of 3 through 5,Block 6,Town of Firestone,Colorado Containing 0.2790 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 7 (100%WI x 87.5%NRI OGL) Morganti Properties, LLC 12.500000% RI 7 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 6,7 and part of 8,Block 6,Town of Firestone, Colorado Containing 0.2790 acres, more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 8 (100%WI x 87.5%NRI OGL) BEATTY&WOZNIAK,P.C. Kerr-McGee Oil &Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 10 of 71 Working Net Revenue Lease Owner Interest Interest Type No. Andrew and Rosalyn Toves, JT 12.500000% RI 8 (100%MIx 12.5%RI) TOTAL: 100.000000% 100.000000% Lots part of 8 through 10,Block 6,Town of Firestone, Colorado Containing 0.2790 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. Adams Bank Trust 100.000000% MI None (100%unleased MI) TOTAL: 100.000000% 100.000000% Lots 11 through part of 13,Block 6,Town of Firestone, Colorado Containing 0.2790 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. Marlene Tibbitts 100.000000% MI None (100%unleased MI) TOTAL: 100.000000% 100.000000% BEATTY& WOZNIAK,P.C. Kerr-McGee Oil &Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 11 of 71 Lots part of 13 through 15,Block 6,Town of Firestone,Colorado Containing 0.2790 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 9 (100%WI x 87.5%NRI OGL) Cynthia J. Knoll 12.500000% RI 9 (100%M1 x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 16 through part of 18,Block 6,Town of Firestone,Colorado Containing 0.2790 acres, more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. Lyndsey M. Weaver 100.000000% MI None (100%unleased MI) TOTAL: 100.000000% 100.000000% Lots part of 18 through 20,Block 6,Town of Firestone,Colorado Containing 0.3364 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. Johnnie Renae 100.000000% MI None (100%unleased MI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 12 of 71 Lots 21,22 and 23, Block 6,Town of Firestone, Colorado Containing 0.3796 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 10 (100%WI x 87.5%NRI OGL) Ross Sutherland 12.500000% RI 10 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 24 through 29,Block 6,Town of Firestone, Colorado Containing 0.5803 acres, more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 11 (100%WI x 87.5%NRI OGL) Agnes and Joe Martinez,JT 12.500000% RI 11 (100%MIx 12.5%RI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook 421-30 well—5508.0168 November 1,2011 Page 13 of 71 Lots 30 through 33,Block 6.Town of Firestone,Colorado Containing 0.4083 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. Fannie Mae, a/Ida Federal National 100.000000% MI None Mortgage Association (100%unleased Ml) TOTAL: 100.000000% 100.000000% Lots 34,35, and 36,Block 6,Town of Firestone, Colorado Containing 0.3220 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. April M. Perez 100.000000% MI None (100%unleased MI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 14 of 71 Lots N/2 of 37 through 40, Block 6; Lots part of 15 through 25, and part of 28 through 40, Block 7,Town of Firestone,Colorado Containing 2.9698 acres, more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. Estate of Parmer A. Gillespie,Jr. 50.000000% MI None (50%unleased MI) Harvey C. Young 50.000000% MI None (50%unleased Ml) TOTAL: 100.000000% 100.000000% Lots S/2 of 37 through 40,Block 6,Town of Firestone, Colorado Containing 0.2863 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. Richard N. Dodge 100.000000% 87.500000% WI 12 (100%WI x 87.5%NRI OGL) Marlyn Tracy 6.250000% RI 12 (50%MI x 12.5%RI) Alainc Tracy 6.250000% RI 12 (50%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 15 of 71 Lots 1 through part of 4,Block 7,Town of Firestone,Colorado Containing 0.4154 acres, more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 13 (100%W I x 87.5%NRI OGL) Sabino Munoz 6.250000% RI 13 (50%MI x 12.5%RI) Marcia Munoz 6.250000% RI 13 (50%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots part of 4 through part of 7,Block 7,Town of Firestone,Colorado Containing 0.3151 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 14 (t00%WI x 87.5%NRI OGL) Ruben Aguilar and Cristal Puentes, JT 12.500000% RI 14 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 16 of 71 Lots part of 7 through 9,Block 7,Town of Firestone,Colorado Containing 0.2790 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 14 (100%WI x 87.5%NRI OGL) Mary A. Schulte 12.500000% RI 14 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 10, 11 and 12,Block 7,Town of Firestone, Colorado Containing 0.3220 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 15 (100%WI x 87.5%NRI OGL) Lori A. Smith 12.500000% RI 15 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 13, 14 and part of 15,Block 7,Town of Firestone,Colorado Containing 0.2781 acres, more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 16 (100%WI x 87.5%NRI OGL) BEATTY&WOZNIAK,P.C. Kerr-McGee Oil& Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 17 of 71 Working Net Revenue Lease Owner Interest Interest Type No. Christine Arnold 12.500000% RI 16 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 26,27 and part of 28,Block 7,Town of Firestone, Colorado Containing 0.2790 acres, more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 16 (100%WI x 87.5%NRJ OGL) Town of Firestone, Colorado 12.500000% RI 16 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 38,39 and 40,Block 9,Town of Firestone, Colorado Containing 0.3437 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 17 (100%WI x 87.5%NR1 OGL) Kathleen Martinez, life tenant' 12.500000% RI 17 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% See Comment and Requirement No.9 BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 18 of 71 Lots 1 and 2,Block 10,Town of Firestone,Colorado Containing 0.2935 acres, more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 18 (100%WI x 87.5%NRI OGL) Danielle McCann 12.500000% RI 18 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lot 3,Block 10,Town of Firestone.Colorado Containing 0.1501 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 19 (100%WI x 87.5%NRI OGL) Danielle McCann 12.500000% RI 19 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lot 38,Block 10,Town of Firestone, Colorado Containing 0.2218 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 20 (100%WI x 87.5%NRI OGL) BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 19 of 71 Working Net Revenue Lease Owner Interest Interest Type No. Fannie Mae, a/k/a Federal National 12.500000% RI 20 Mortgage Association (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 39 and 40,Block 10,Town of Firestone, Colorado Containing 0.2935 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Tyne No. H. L. Willett 100.000000% 87.500000% WI 21 (100%Wl x 87.5%NRI OGL) Parila L. Spoering 12.500000% RI 21 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 21 through 24,Block 11,Town of Firestone,Colorado Containing 0.4656 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 22 (100%WI x 87.5%NR]OGL) Matthew Perry 6.250000% RI 22 (50%MI x 12.5%RI) Albert L. Remy 3.125000% RI 22 (25%MI x 12.5%RI) BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 20 of 71 Working Net Revenue Lease Owner Interest Interest Type No. Stella Remy 3.125000% RI 22 (25%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 29 through 32,Block 11, Town of Firestone,Colorado Containing 0.4082 acres, more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 23 (100%WI x 87.5%NRI OGL) TJH Properties, LLC 12.500000% RI 23 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 24 and 25,Block 12,Town of Firestone,Colorado Containing 0.2362 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 24 (100%WI x 87.5%NRI OGL) Gregory and Marla Venette,JT 12.500000% RI 24 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% BEAUTY&WOZNIAK,P.C. Kerr-McGee Oil &Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 21 of 71 Lots 26 and 27,Block 12,Town of Firestone,Colorado Containing 0.2362 acres, more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 25 (100%WI x 87.5%NRI OGL) Francisco Castruita-Aguallo 12.500000% RI 25 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 1 through 5,Block 14,Town of Firestone,Colorado Containing 0.5517 acres, more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type, No. H. L. Willett 100.000000% 87.500000% WI 26 (100%WI x 87.5%NR]OGL) Joe Martinez 6.250000% RI 26 (50%MI x 12.5%RI) Agnes Martinez 6.250000% RI 26 (50%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 22 of 71 Lots 6 and 7, Block 14,Town of Firestone,Colorado Containing 0.2360 acres, more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 27 (100%WI x 87.5%NRI OGL) Bruce Dixon 12.500000% RI 27 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 13, 14 and 15,Block 14,Town of Firestone,Colorado Containing 0.3220 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 28 (100%WI x 87.5%NRI OGL) Ricky Renoad 6.250000% RI 28 (50%MI x 12.5%RI) Sandra Renoad 6.250000% RI 28 (50%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil &Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 23 of 71 Lots 16, 17,Block 14,Town of Firestone,Colorado Containing 0.2360 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 29 (100%WI x 87.5%NRI OGL) Shirley Martinez 12.500000% RI 29 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 18, 19, and 20,Block 14,Town of Firestone,Colorado Containing 0.3796 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. Magdaleno Saenz 50.000000% MI None (50%unleased MI) Ramona Saenz 50.000000% MI None (50%unleased MI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil &Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 24 of 71 Lots 27,28 and 29,Block 14,Town of Firestone,Colorado Containing 0.5374 acres, more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. II. L. Willett 100.000000% 87.500000% WI 30 (100%WI x 87.5%NR1 OGL) Joshua Robertson 6.250000% RI 30 (50%MI x 12.5%RI) Marcy Robertson 6.250000% RI 30 (50%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 30,31 and part of 32,Block 14,Town of Firestone, Colorado Containing 0.2811 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 31 (100%WI x 87.5%NRI OGL) Michael and Geglenn Fischer, JT 12.500000% RI 31 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 25 of 71 Lots part of 32 through 34,Block 14,Town of Firestone,Colorado Containing 0.2771 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 31 (100%WI x 87.5%NRI OGL) Arturo and Michelle Amaya,JT 12.500000% RI 31 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 35 through 40,Block 14,Town of Firestone,Colorado Containing 0.6377 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 32 (100%Wl x 87.5%NRI OGL) Daniel Fonte and Linda Ellerd,JT 12.500000% RI 32 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1, 2011 Page 26 of 71 Lots 1 through 3,Block 15,Town of Firestone, Colorado Containing 0.3796 acres, more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 33 (100%WI x 87.5%NRI OGL) Terry C. Millard 12.500000% RI 33 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 38 through 40,Block 15,Town of Firestone,Colorado Containing 0.3796 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 34 (100%WI x 87.5%NRI OGL) Brad W. Hunter 12.500000% RI 34 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 27 of 71 Lots 1 and 2,Block 16,Town of Firestone,Colorado Containing 0.2935 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 35 (100%WI x 87.5%NRI OGL) David Trevathan 12.500000% RI 35 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lot 3,Block 16,Town of Firestone, Colorado Containing 0.1673 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. II. L. Willett 100.000000% 87.500000% WI 36 (100%WI x 87.5%NRI OGL) Juan and Maria Aguilar, JT 12.500000% RI 36 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 38 through 40,Block 16,Town of Firestone, Colorado Containing 0.4436 acres, more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 37 (100%WI x 87.5%NRI OGL) BEATTY&WOZNIAK,P.C. Kerr-McGee Oil &Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 28 of 71 Working Net Revenue Lease Owner Interest Interest Type No. Margalene J. Hartman 12.500000% RI 37 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 7 and 8, Block 17,Town of Firestone,Colorado Containing 0.2360 acres, more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 38 (100%WI x 87.5%NRI OGL) Korrie W. Vandeest 12.500000% RI 38 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 11 through 14,Block 17,Town of Firestone, Colorado Containing 0.4082 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 38 (100%WI x 87.5%NRI OGL) Anthony Onorato 6.250000% RI 38 (50%MI x 12.5%RI) Irene Onorato 6.250000% RI 38 (50%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil &Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 29 of 71 Lots 21 through 24,Block 17,Town of Firestone,Colorado Containing 0.4656 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 39 (100%WI x 87.5%NRI OGL) Jesus Martinez 12.500000% RI 39 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 33 through 36,Block 17,Town of Firestone,Colorado Containing 0.4082 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 40 (100%WI x 87.5%NRI OGL) Heirs of Roger A. Trujillo 12.500000% RI 40 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 37 through 40,Block 17,Town of Firestone,Colorado Containing 0.4082 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 41 (100%WI x 87.5%NRI OGL) BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 30 of 71 Working Net Revenue Lease Owner Interest Interest Type No. Phyllis and Robert Ozzello, JT 12.500000% RI 41 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 1, 2 and part of 3, Block 21,Town of Firestone,Colorado Containing 0.3378 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 42 (100%WI x 87.5%NRI OGL) Michael A. Cannon 12.500000% RI 42 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Part of Lot 3,Block 21,Town of Firestone, Colorado Containing 0.1013 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 42 (100%WI x 87.5%NRI OGL) James and Gayle Carpenter, JT 12.500000% RI 42 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 31 of 71 Part of Lot 38,Block 21,Town of Firestone,Colorado Containing 0.1071 acres, more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 43 (100%WI x 87.5%NRI OGL) Alexander Cruz 6.250000% RI 43 (50%MI x 12.5%RI) Janalee Cruz 6.250000% RI 43 (50%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Part of Lot 38,and all of Lots 39 and 40,Block 21,Town of Firestone, Colorado Containing 0.3361 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 44 (100%WI x 87.5%NR1 OGL) Charles Nichols 12.500000% RI 44 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil &Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 32 of 71 Lots 35 and 36, Block 23,Town of Firestone,Colorado Containing 0.2360 acres, more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 45 (100%WI x 87.5%NRI OGL) Thomas and Sharon Ditsch, JT 12.500000% RI 45 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 37 through 40,Block 23,Town of Firestone,Colorado Containing 0.5295 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 46 (100%WI x 87.5%NRI OGL) Grace McNeill 12.500000% RI 46 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 1 through 3,Block 24,Town of Firestone,Colorado Containing 0.3796 acres, more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 47 (100%WI x 87.5%NRI OGL) BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 33 of 71 Working Net Revenue Lease Owner Interest Interest Type No. James A. Schiferl 12.500000% RI 47 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 4,5 and part of 6,Block 24,Town of Firestone,Colorado Containing 0.2791 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 47 (100%WI x 87.5%NRI OGL) Javier and Danielle Calles,JT 12.500000% RI 47 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Part of Lot 6,Block 24,Town of Firestone,Colorado Containing 0.1071 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 47 (100%WI x 87.5%NRI OGL) Amy Giustino 12.500000% RI 47 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1, 2011 Page 34 of 71 Lots 7 and 8, Block 24,Town of Firestone, Colorado Containing 0.2360 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 48 (100%WI x 87.5%NRI OGL) Amy Giustino 12.500000% RI 48 (100%Ml x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 9 through 12,Block 24, Town of Firestone,Colorado Containing 0.4083 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 48 (100%WI x 87.5%NRI OGL) Fannie Mae, a/k/a Federal National 12.500000% RI 48 Mortgage Association (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 35 of 71 Lots 13 and 14,Block 24,Town of Firestone.Colorado Containing 0.2360 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 49 (100%WI x 87.5%NRA OGL) Lillian R. Melick 12.500000% RI 49 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 15 and 16.and Lots 35 through 37.Block 24,Town of Firestone, Colorado Containing 0.5587 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 48 (100%W1 x 87.5%NRI OGL) Robert Earl Lee 6.250000% RI 50 (50%MI x 12.5%RI) Virginia Mae Lee 6.250000% RI 50 (50%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil &Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 36 of 71 Lots 17 through 20,Block 24,Town of Firestone,Colorado Containing 0.4651 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 51 (100%WI x 87.5%NRI OGL) Eagle Mountain Investment Group, LLC 12.500000% RI 51 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 21 through 24,Block 24,Town of Firestone, Colorado Containing 0.4656 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 52 (100%WI x 87.5%NRI OGL) Ellis and Agnes Logsdon 12.500000% RI 52 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 37 of 71 Lots 25 through 31,Block 24,Town of Firestone,Colorado Containing 0.6662 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 52 (100%WI x 87.5%NRI OGL) Myrna A. Lee 12.500000% RI 52 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% Lots 38,39 and 40,Block 24,Town of Firestone, Colorado Containing 0.3795 acres,more or less All depths and formations Working Net Revenue Lease Owner Interest Interest Type No. H. L. Willett 100.000000% 87.500000% WI 50 (100%WI x 87.5%NRI OGL) Ellis and Agnes Logsdon 12.500000% RI 50 (100%MI x 12.5%RI) TOTAL: 100.000000% 100.000000% BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 38 of 71 DIVISION OF INTEREST AND DISTRIBUTION OF PROCEEDS OF PRODUCTION EFFECTIVE AS OF APRIL 14,2011 at 7:45 A.M. OWNERSHIP OF OIL AND GAS, AND THE PROCEEDS FROM THE SALE OF OIL AND GAS, PRODUCED FROM THE NIOBRARA, CODELL AND J SAND FORMATIONS IN AND UNDER THE SPACING UNIT FOR THE OVERLOOK #21-30 WELL COMPRISED OF THE W/2NE/4, E/2NW/4, SECTION 30, TOWNSHIP 2 NORTH,RANGE 67 WEST, 6TH P.M.: Working Net Revenue Interest Owner Interest Interest Type Kerr-McGee Oil & Gas Onshore LP 0.78166875 0.68396015 WI (100%WI x 87.5%NRI OO1.x 125.067/160) H. L. Willett 0.18160750 0.15812531 WI (100%wt x 85%NRI OGL x 5/160)+ (100%WI x 87.5%NRI OGL x 24.0572/160) Richard N. Dodge 0.00178938 0.00156570 WI (100%WI x 87.5%NRI OGL x 0.2863/160) Estate of Partner A. Gillespie, Jr. 0.00928063 0.00928063 MI (50%unleased MI x 2.9698/160) Harvey C. Young 0.00928063 0.00928063 MI (50%unleased MI x 2.9698/160) Fannie Mae, a/k/a Federal National 0.00255188 0.00255188 MI Mortgage Association (100%unleased MI x 0.4083/160) Ronald and Cynthia Sullivan, JT 0.00210250 0.00210250 MI (100%unleased MI x 0.3364/160) Johnnie Renae 0.00210250 0.00210250 MI (100%unleased MI x 0.3364/160) April M. Perez 0.00201250 0.00201250 MI (100%unleased MI x 0.3220/160) BEATTY&WOZNIAK,P.C. Kerr-McGee Oil &Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 39 of 71 Working Net Revenue Interest Owner Interest Interest Type Adams Bank Trust 0.00174375 0.00174375 MI (100%unleased Ml x 0.2790/160) Marlene Tibbitts 0.00174375 0.00174375 MI (100%unleased MI x 0.2790/160) Lyndsey M. Weaver 0.00174375 0.00174375 MI (100%unleased MI x 0.2790/160) Magdalen Saenz 0.00118624 0.00118624 MI (50%unleased MI x 0.3796/160) Ramona Saenz 0.00118624 0.00118624 MI (50%unleased MI x 0.3796/160) Tom L. Russell and Margaret I. Russell,JT 0.05859375 RI (100%MI x 12.5%RI x 75/160) Weld County, Colorado 0.03549148 RI (100%MI x 12.5%RI x 45.4291/160) Town of Firestone, Colorado 0.00490547 RI (100%Mlx 15%RIx5/160)+ (100%MI x 12.5%RI x 0.2790/160) Michael J. Carroll 0.00366836 RI (100%MI x 12.5%RI x 4.6955/160) Estate of Palmer A. Gillespie, Jr. 0.00153199 RI (50%MI x 12.5%RI x 3.9219/160) Harvey C. Young 0.00153199 RI (50%MI x 12.5%RI x 3.9219/160) Ellis and Agnes Logsdon 0.00066023 RI (100%MI x 12.5%RI x 0.4656/160)+ (100%MI x 12.5%RI x 0.3795/160) BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 40 of 71 Working Net Revenue Interest Owner Interest Interest Type Myma A. Lee 0.00052047 RI (100%MI x 12.5%RI x 0.6662/160) Daniel Fonte and Linda Ellerd,JT 0.00049820 RI (100%MI x 12.5%RI x 0.6377/160) Fannie Mae, a/k/a Federal National 0.00049227 RI Mortgage Association (100%MI x 12.5%RI x 0.2218/160)+ (100%MI x 12.5%RI x 0.4083/160) Agnes and Joe Martinez, JT 0.00045336 RI (100%MI x 12.5%RI x 0.5803/160) The Elkhorn Company 0.00041375 RI (100%MI x 12.5%RI x 0.5296/160) Grace McNeill 0.00041367 RI (100%MI x 12.5%RI x 0.5295/160) Jesus Martinez 0.00036375 RI (100%MI x 12.5%RI x 0.4656/160) Eagle Mountain Investment Group, LLC 0.00036336 RI (100%MI x 12.5%RI x 0.4651/160) Margalene J. Hartman 0.00034656 RI (100%MI x 12.5%RI x 0.4436/160) Danielle McCann 0.00034656 RI (100%MI x 12.5%RI x 0.2935/160)+ (100%MI x 12.5%RI x 0.1501/160) TJI I Properties, LLC 0.00031890 RI (100%MI x 12.5%RI x 0.4082/160) Heirs of Roger A. Trujillo 0.00031890 RI (100%MI x 12.5%RI x 0.4082/160) BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 41 of 71 Working Net Revenue Interest Owner Interest Interest Type Phyllis and Robert Ozzello, JT 0.00031890 RI (100%MI x 12.5%RI x 0.4082/160) Clarence and Margaret Lewis, JT 0.00029656 RI (100%Ml x 12.5%RI x 0.3796/160) Ross Sutherland 0.00029656 RI (100%MI x 12.5%RI x 0.3796/160) Terry C. Millard 0.00029656 RI (100%MI x 12.5%RI x 0.3796/160) Brad W. Hunter 0.00029656 RI (100%MI x 12.5%RI x 0.3796/160) James A. Schiferl 0.00029656 RI (100%MI x 12.5%RI x 0.3796/160) Amy Giustino 0.00026805 RI (100%MI x 12.5%RI x 0.1071/160)+ (100%MI x 12.5%RI x 0.2360/160) Michael A. Cannon 0.00026391 RI (100%MI x 12.5%RI x 0.3378/160) Kathleen Martinez, life tenants 0.00026852 RI (100%MI x 12.5%M x 0.3437160) Leslie and Katrina Smith, JT 0.00026281 RI (100%MI x 12.5%RI x 0.3364/160) Charles Nichols 0.00026258 RI (100%MIx 12.5%RIx0.3361/160) 8 See Comment and Requirement No.9 BEATTY&WOZNIAK,P.C. Kerr-McGee Oil &Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 42 of 71 Working Net Revenue Interest Owner Interest Interest Tv e Lori A. Smith 0.00025156 RI (100%MI x 12.5%RI x 0.3220/160) Ruben Aguilar and Cristal Puentes, JT 0.00024617 RI (100%MI x 12.5%RI x 0.3151/160) Parila L. Spoering 0.00022930 RI (100%MI x 12.5%RI x 0.2935/160) David Trevathan 0.00022930 RI (100%MI x 12.5%RI x 0.2935/160) Michael and Geglenn Fischer, JT 0.00021961 RI (100%MI x 12.5%RI x 0.2811/160) Robert Earl Lee 0.00021824 RI (50%MI x 12.5%RI x 0.5587/160) Virginia Mae Lee 0.00021824 RI (50%MI x 12.5%RI x 0.5587/160) Javier and Danielle Calles, JT 0.00021805 RI (100%MI x 12.5%RI x 0.2791/160) Morganti Properties, LLC 0.00021797 RI (100%MI x 12.5%M x 0.2790/160) Andrew and Rosalyn Toves, JT 0.00021797 RI (100%MI x 12.5%RI x 0.2790/160) Cynthia J. Knoll 0.00021797 RI (100%MI x 12.5%RI x 0.2790/160) Mary A. Schulte 0.00021797 RI (100%MI x 12.5%RI x 0.2790/160) BEATTY&WOZNIAK,P.C. Kerr-McGee Oil &Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 43 of 71 Working Net Revenue Interest Owner Interest Interest Type Christine Arnold 0.00021727 RI (100%MI x 12.5%RI x 0.2781/160) Arturo and Michelle Amaya,JT 0.00021648 RI (100%MI x 12.5%RI x 0.2771/160) Joe Martinez 0.00021551 RI (50%MI x 12.5%RI x 0.5517/160) Agnes Martinez 0.00021551 RI (50%MI x 12.5%RI x 0.5517/160) Joshua Robertson 0.00020992 RI (50%MI x 12.5%RI x 0.5374/160) Marcy Robertson 0.00020992 RI (50%MI x 12.5%RI x 0.5374/160) Gregory and Marla Venette, JT 0.00018453 RI (100%MI x 12.5%RI x 0.2362/160) Francisco Castruita-Aguallo 0.00018453 RI (100%MI x 12.5%RI x 0.2362/160) Bruce Dixon 0.00018438 RI (100%MI x 12.5%RI x 0.2360/160) Shirley Martinez 0.00018438 RI (100%MI x 12.5%RI x 0.2360/160) Korrie W. Vandeest 0.00018438 RI (100%MI x 12.5%RI x 0.2360/160) Thomas and Sharon Ditsch,JT 0.00018438 RI (100%MI x 12.5%RI x 0.2360/160) BEATTY&WOZNIAK,P.C. Kerr-McGee Oil &Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 44 of 71 Working Net Revenue Interest Owner Interest Interest Type Lillian R. Melick 0.00018438 RI (100%MI x 12.5%RI x 0.2360/160) Matthew Perry 0.00018188 RI (50%MI x 12.5%RI x 0.4656/160) Sabino Munoz 0.00016227 RI (50%MI x 12.5%RI x 0.4154/160) Marcia Munoz 0.00016227 RI (50%MI x 12.5%RI x 0.4154/160) Anthony Onorato 0.00015945 RI (50%MI x 12.5%RI x 0.4082/160) Irene Onorato 0.00015945 RI (50%MI x 12.5%RI x 0.4082/160) Juan and Maria Aguilar, JT 0.00013070 RI (100%MI x 12.5%RI x 0.1673/160) Ricky Renoad 0.00012578 RI (50%MI x 12.5%RI x 0.3220/160) Sandra Renoad 0.00012578 RI (50%MI x 12.5%RI x 0.3220/160) Marlyn Tracy 0.00011184 RI (50%MI x 12.5%RI x 0.2863/160) Alaine Tracy 0.00011184 RI (50%MI x 12.5%RI x 0.2863/160) BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 45 of 71 Working Net Revenue Interest Owner Interest Interest Type Albert L. Remy 0.00009094 RI (25%MI x 12.5%RI x 0.4656/160) Stella Remy 0.00009094 RI (25%MI x 12.5%RI x 0.4656/160) James and Gayle Carpenter,JT 0.00007914 RI (100%MI x 12.5%RI x 0.1013/160) Alexander Cruz 0.00004184 RI (50%MI x 12.5%RI x 0.1071/160) Janalee Cruz 0.00004184 RI (50%MI x 12.5%RI x 0.1071/160) TOTAL 1.00000000 1.00000000 OIL AND GAS LEASES AND RATIFICATIONS.ASSIGNMENTS OF LEASES AND ASSIGNMENTS OF OVERRIDING ROYALTY INTERESTS See Exhibit"A" attached to this Opinion. TAXES The subject lands arc owned in fee and are subject to state and local taxes. The Materials Examined do not reflect that any taxes are overdue on the surface estate of the subject lands. We have no information regarding the payment of any severance, conservation, ad valorem or other production-based taxes which may burden production from portions of the subject lands. REQUIREMENT: You should satisfy yourself with respect to the timely payment of ad valorem, severance and conservation taxes covering production, if any, from the subject lands,and payment of all future property taxes. LIENS AND ENCUMBRANCES Please refer to the Prior Title Opinions for information concerning the liens and encumbrances indexed against the subject lands that were recorded prior to the certification dates BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1, 2011 Page 46 of 71 of those opinions. The following are liens and encumbrances indexed against the subject lands as reflected in the Materials Examined that were recorded subsequent to the certification dates of the Prior Title Opinions affecting some or all of the subject lands [NOTE: Liens and encumbrances pertaining to lots in the platted portions of the subject lands have been omitted]: 1. Mortgage dated August 27, 1982, recorded September 1, 1980 at Reception No. 1902631 from H. L. Willett to the Colorado National Bank of Denver covering interests in Oil and Gas Leases to secure $6M due May 31, 1988; 2. Order dated March 21, 1983, recorded March 21, 1983 at Reception No. 1920891 of the District Court, Boulder County, in re Marriage of Debra Lynn LePore, petitioner, and Gerald Lee LePore, respondent; commencement of action in connection with tract in N2NW; 3. Supplemental Mortgage dated November 28, 1983, recorded January 12, 1984 at Reception No. 1952824 from Nielson Enterprises, Inc. to the First National Bank of Boston, NA covering interests in subject lands to secure $50M; 4. Mortgage dated September 26, 1991, recorded September 27, 1991 at Reception No. 2264509 from Basin Operating Company and Basin Exploration, Inc. to Central Bank, NA covering interests in Oil and Gas Leases in subject lands to secure $20M [NOTE: First Amendment at 2270172, recorded November, 1991 Sixth Amendment at 2327581, recorded April 5, 1993; Partial Release at Reception No. 2495309, recorded 6-7-1996]; 5. Mortgage dated November 21, 1991, recorded November 25, 1991 at Reception No. 2270171 from Basin Operating Company and Basin Exploration, Inc. to Central Bank, NA. First Amendment at 2289238, recorded May 27, 1992, Second Amendment at 2327580, recorded April 5, 1993, Partially Releases at 2426244, recorded February 10, 1995, corrected at 2446937, recorded July 17, 1995, Amended at 2480588, recorded March 13, 1996, Partially Releases at 2481078,recorded March 15, 1996, Partial Release at 2495309,recorded June 7, 1996; 6. Mortgage dated November 21, 1991, recorded November 25, 1991 at Reception No. 2270171 from Basin Operating Company and Basin Exploration, Inc. to Central Bank, NA, First Amendment at 2289238, recorded May 27, 1992 (178) Second Amendment at 2327580, recorded April 5, 1993 (180) Partially Released at 2426244, recorded February 10, 1995; Corrected at 2446937, recorded July 17, 1995 Amended at 2480588, recorded March 13, 1996 Partially Released at 2481078, recorded March 15, 1996 Partial Release at 2495309, recorded June 7, 1996; 7. Deed of Trust dated June 6, 2002, recorded June 26, 2002 at Reception No. 2964340, from Roy Patton, Margaret Patton and Dawn E. Kanzler to World Savings Bank covering Lot B of RE-147 in Section 30 to secure $61,800.00; BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 47 of 71 8. Deed of Trust dated July 31, 2002, recorded August 13, 2002 at Reception No. 2977863, from Actis Real Estate Group, LLC to Guaranty Bank & Trust Company covering E/2SE/4, Section 30, to secure revolving line of credit [NOTE: Assignment of Rents recorded August 13, 2002 at Reception No. 2977864; Modifications recorded July 30, 2007 at Reception No. 3493503 and June 24, 2009 at Reception No. 3632130.]; 9. Deed of Trust dated April 9, 2003, recorded April 23, 2003 at Reception No. 3054915, from J & J Frederick Property, LLC to Flatirons Bank covering metes and bounds tract in SW/4SE/4, Section 30, to secure $320,000.00 [NOTE: Modification recorded July 1, 2004 at Reception No. 3195090.]; 10. Deed of Trust dated February 13, 2008, recorded May 2, 2008 at Reception No. 3551493, from Blackfox Real Estate Group, LLC to Kerr-McGee Oil & Gas Onshore LP covering E/2SE/4, Section 30,to secure $90,000.00; 11. First Amended Deed of Trust dated May 27, 2009, recorded July 29, 2009 at Reception No. 3639190, from NRC-CO 1, LLC to the Bank of America covering mineral interests in the SE/4, Section 30, to secure several promissory notes. REQUIREMENT: You should ensure that the instruments purporting to encumber the interests scheduled herein have been satisfied and released of record. If you determine that some or all encumbrances covering mineral and/or leasehold ownership interests have not been satisfied, or if you intend to enter into any agreements with any of the other parties listed in the Liens and Encumbrances section of this title opinion, you should obtain a written agreement with the lender or lenders providing that they agree to subordinate their security interest to your agreements or, if the mortgagee's interest is not subordinated to that of a royalty payee, the written agreement should contain written instructions regarding distribution of proceeds. EASEMENTS AND RIGHTS-OF-WAY Please refer to the Prior Title Opinions for information concerning the easements and rights-of-way indexed against the subject lands that were recorded prior to the certification dates of those opinions. The following are easements and rights-of-way indexed against the subject lands as reflected in the Materials Examined that were recorded subsequent to the certification date of the Prior Title Opinions affecting some or all of the subject lands [NOTE: Easements and Rights-of-Way pertaining to lots in the platted portions of the subject lands have been omitted]: 1. Easement Contract and Grant of Easement dated June 14, 1955, recorded February 27, 1956 in Book 1443 at page 506 from Anthony and Julia Lepore to Northern BEATTY&WOZNIAK,P.C. Kerr-McGee Oil &Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 48 of 71 Colorado Water Conservancy District; grants easement in NW/4 in connection with Firestone Siphon canal, a feature of the South Platt Supply; 2. Easement Contract and Grant of Easement dated June 14, 1955, recorded February 27, 1956 in Book 1443 at page 516 from Ben Lovato to Northern Colorado Water Conservancy District granting easement in NW/4 in connection with Firestone Siphon canal, a feature of the South Platt Supply Canal; 3. Easement Contract and Grant of Easement dated June 14, 1955, recorded February 27, 1956 in Book 1443 at page 520 from Mike Angulas to Northern Colorado Water Conservancy District; grants easement in NW/4 in connection with Firestone Siphon canal, a feature of the South Platt Supply Canal; 4. Easement Contract and Grant of Easement dated March 14, 1956, recorded March 30, 1956 in Book 1446 at page 474 from Northern Colorado Water Conservancy District to the United States of America, grants perpetual easement in NW/4 to construct, operate and maintain South Platte Supply Canal; 5. Easement Contract and Grant of Easement dated April 26, 1956, recorded June 13, 1956 in Book 1453 at page 58 from Northern Colorado Water Conservancy District to the United States of America, grants perpetual easement in NW/4 to construct, operate and maintain South Platte Supply Canal; 6. Right of Way Agreement dated October 16, 1969, recorded October 16, 1969 at Reception No. 1539465, Union Pacific Railroad Company to Rocky Mountain Natural Gas Company, Inc., grants Right-of-Way and lice in connection with pipeline crossing northerly of the east and west center line of Section 30; 7. Right of Way Easement dated May 28, 1974, recorded June 21, 1974 at Reception No. 1639143, Dixie Monseu to the Union Rural Electric Association; grants right-of-way in NW/4 in connection with electric transmission and/or distribution lines and other fixtures; 8. Right of Way Easement dated May 3, 1974, recorded June 21, 1974 at Reception No. 1639145, from Robert Michael O'Grady to the Union Rural Electric Association; grants right of way in NW/4 in connection with electric transmission and/or distribution lines and other fixtures; 9. Right of Way Easement dated April 15, 1974, recorded August 15, 1974 at Reception No. 1642783, from Irene Madelene Popineau to the Union Rural Electric Association; grants right of way in NW/4 in connection with electric transmission and/or distribution lines and other fixtures; BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 49 of 71 10. Right of Way Grant dated July 29, 1976, recorded August 11, 1976 at Reception No. 1695883, from Philomena Di Paolo to Panhandle Eastern Pipe Line Company; grants right of way in NW/4 in connection with pipeline and other fixtures; 11. Right of Way Agreement dated August 30, 1976, recorded October 7, 1976 at Reception No. 1700821, from Union Pacific Railroad Company to Panhandle Eastern Pipe Line Company, grants right of way and license in connection with pipeline crossing part of rail road right of way in NW/4; 12. Right of Way, Easement & License dated November 29, 1976, recorded January 12, 1977 at Reception No. 1708595, from The Coal Ridge Ditch Company to Panhandle Eastern Pipe Line Company; grants right of way, easement and license in NW/4 in connection with pipeline and other fixtures; 13. Agreement dated February 18, 1977, recorded April 11, 1977 at Reception No. 1715964 by and between Union Pacific Railroad Company and Panhandle Eastern Pipe Line Company in connection with pipeline and other fixtures; 14. Right of Way Grant dated July 20, 1977, recorded August 23, 1977 at Reception No. 1728104 from Town of Firestone, Colorado, to Panhandle Eastern Pipe Line Company; grants right of way in connection with pipeline and other fixtures; 15. Right of Way Easement dated August 11, 1978, recorded August 25, 1978 at Reception No. 1764737, from Alfred Di Paolo, as agent for Philomena Di Paolo, to Union Rural Electric Association, Inc.; grants right of way easement in Block 22 of Firestone, CO in connection with electric transmission and/or distribution lines and other fixtures; 16. Lease dated October 18, 1978, recorded March 8, 1979 at Reception No. 1783865, from Joseph E. Jones to Amoco Production Company granting surface lease to conduct directional drilling from NE/4 of Sec. 25-T2N-R68W to access oil, gas and other minerals in NW/4 of Sec. 30; 2 years, and so long thereafter as any oil and gas lease on which a well slant- drilled from leased lands is bottomed remains in effect; 17. Right of Way Agreement dated September 12, 1979, recorded February 28, 1980 at Reception No. 1818176 from Union Pacific Railroad Company to Rocky Mountain Natural Gas Company, Inc.; grants Right of way in Section 30 in connection with pipeline and other fixtures; 18. Notice of General Description of Area Served dated October 1, 1981, recorded October 1, 1981 at Reception No. 1870756 by Panhandle Eastern Pipe Line Company concerning underground facilities in the subject lands; BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 50 of 71 19. Notice Pursuant to C.R.S. Section 9-1.5-103(1) dated October 2, 1981, recorded October 5, 1981 at Reception No. 1871004 by Union Rural Electric Association concerning underground facilities in the subject lands; 20. Notice Pursuant to C.R.S. Section 9-1.5-103(1) dated October 31, 1981, recorded November 9, 1981 at Reception No. 1874084 by Public Service Company of Colorado concerning underground facilities in the subject lands; 21. Agreement dated April 12, 1984, recorded April 16, 1984 at Reception No. 1963170 by and between Town of Firestone and the Coal Ridge Ditch Company in connection with easements incident to the Sullivan Ditch and specifying procedures by which development may occur in lands affected by easement [NOTE: Rescinded by Agreement dated 8-24-2000, recorded November 13, 2000 at Reception No. 2806486.]; 22. License dated August 27, 1985, recorded October 3, 1985, at Reception No. 2027313 from USA to Northern Colorado Water Conservancy District; grants license to maintain and use a portion of the South Platte Supply Canal located in NW; 23. Deed of Easement dated December 17, 1986, recorded December 30, 1986 at Reception No. 2082592, and recorded March 11, 1987 at Reception No. 2091320, from Alfred DiPaolo, Pearl Pacheco Istodor and Cannella DiPaolo Sekich to Weld County Tri-Area Sanitation District granting easement in NW/4 in connection with drainage canals and related improvements; 24. Notice of Lis Pendens dated November 11, 1990, recorded November 20, 1990 at Reception No. 2233559 by Town of Firestone against the interests of Alfred DiPaolo, et al., by petition in condemnation to acquire a permanent drainage easement in Sec. 30; 25. Notice dated January 21, 1991, recorded January 24 1991 at Reception No. 2239296 pursuant to CRS 9-1.5-103 by United Power, Inc. concerning underground facilities; 26. Assignment dated January 7, 1992 recorded January 13, 1992 at Reception No. 2274896 from Colorado Interstate Gas Company to Associated Natural Gas Corporation; assigns all right title interest in certain right of ways, easements and damage release agreements; 27. Grant of Pipeline Easement dated October 6, 1991 recorded September 17, 1992 at Reception No. 2303760 from Union Pacific Railroad Company to Weld County Tri-Area Sanitation District granting easement in NW/4 in connection with underground waste water sewer pipeline; BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 51 of 71 28. Easement Agreement dated January 18, 1991,recorded April 6, 1998 at Reception No. 2604476 from Alfred Di Paolo, et al., to the Town of Firestone, Colorado; grants easement in Sec. 30 in connection with construction and maintenance of drainage ditch; 29. Easement Deed dated September 9, 1998, recorded September 22, 1998 at Reception No. 2641916, from Angela Aragon to the Town of Firestone, Colorado, granting easement in NW/4 in connection with drainage channel and related improvements; 30. Corrected Assignment dated November 23, 1999, recorded December 7, 1999 at Reception No. 2737172 from Banc of America Capital and Leasing, LLC, successor to NationsBanc Leasing Corporation, to KN Gas Gathering, Inc.; all right title and interest in certain listed right of way, easements and licenses; 31. Assignment, Bill of Sale and Conveyance dated effective November 24, 1999, recorded December 7, 1999 at Reception No. 2737174, from Banc of America Capital and Leasing, LLC, successor to NationsBanc Leasing Corporation, to Chase Equipment Leasing, Inc., assigning all right,title and interest in certain listed rights-of-way, easements and licenses; 32. Easement Deed dated March 27, 2000, recorded March 31, 2000 at Reception No. 2758986, from Charles and Judith Corcoran to the Town of Firestone, Colorado, granting easement in NW/4 in connection with drainage channel and related improvements; 33. Memorandum of Lease dated April 11, 2000, recorded July 13, 2000 at Reception No. 2780403, from Roy C. Patton, et al., to Voicestream PCS II Corporation covering Lot B of RE-147 in Section 30 for a term of 5 years, with option to extend lease up to 5 additional 5 year terms; 34. Notice of Oil and Gas Interests and Surface Use dated November 3, 2000, recorded December 6,2000 at Reception No. 2811286,by HS Resources, Inc., covering W/2; 35. Right of Way Grant dated December 26. 2000, recorded January 16, 2001 at Reception No. 2819487, from Overlook at Firestone LLC to United Power, Inc. granting right- of-way in NE/4, Section 30, in connection with electrical power lines and other fixtures; 36. Plat dated February 4, 2001, recorded February 8, 2001 at Reception No. 2824680,of Subdivision Exemption No. 1311-31-1-SE-860 in Section 30; 37. Map dated February 9, 2001, recorded February 9, 2001 at Reception No. 2824928, of Use by Special Review No. 1293 in Section 30; 38. Release, Relocation Agreement and Right of Way Grant dated February 16, 2001, recorded April 16, 2001 at Reception No. 2840871, from Overlook at Firestone LLC to HS BEATTY&WOZNIAK,P.C. Kerr-McGee Oil &Gas Onshore LP Overlook#21-30 well—5508.0168 November 1, 2011 Page 52 of 71 Gathering LLC covering rights-of-way in E/2NE/4, Section 30, in connection with pipeline and other fixtures; 39. Easement Agreement dated July 23, 2001 recorded August 2, 2001 at Reception No. 2871012 from Town of Firestone, Colorado, to Kinder Morgan, Inc.; grants easement in NW/4 in connection with pipeline and other fixtures; 40. Assignment, Bill of Sale and Conveyance dated December 28, 2001, recorded January 2, 2002 at Reception No. 2913152, from KN Gas Gathering, Inc. to Kerr-McGee Gathering LLC, assigning all right, title and interest in certain listed gas gathering assets, including agreements covering portions of the subject lands; 41. Easement Agreement dated September 12, 2002, recorded October 3, 2002 at Reception No. 2993164, and recorded, May 2, 2003 at Reception No. 3058576, from the Town of Firestone, Colorado, to Central Weld County Water District; grants easement in W2 in connection with underground water pipeline and related facilities; 42. Assignment dated effective August 30, 2002, recorded October 7, 2002 at Reception No. 2993790, from JP Morgan Leasing, Inc. and Banc One Leasing Corporation to Kerr-McGee Gathering, LLC, assigning all right, title and interest in certain listed personal and real property assets, including rights-of-way and easements, in the subject lands; 43. Easement Agreement and Acknowledgment of Interest dated December 18, 2003, recorded December 19, 2003 at Reception No. 3137268 by and between Farmers Reservoir and Irrigation Company ("FRICO") and East Cherry Creek Valley Water and Sanitation District for supply of water; 44. ALTA / ACSM Land Title Survey covering Maple Ridge II Subdivision in E/2SE/4, recorded March 18, 2004 at Reception No. 3163076; 45. Assignment, Bill of Sale and Conveyance dated January 12, 2005, recorded January 21, 2005 at Reception No. 3255114 from Kinder Morgan, Inc. to Kerr-McGee Gathering, LLC assigning all right, title and interest in certain gas gathering assets, including rights-of-way and other licenses in part of the subject lands; 46. Map of Gillespie PUD Amended Outline Development Plant in NE/4, Section 30, recorded January 27, 2007 at Reception No. 3451261; 47. Notice of Mineral Interests and Surface Use dated February 27, 2007, recorded March 7, 2007 at Reception No. 3460542, by the Rocky Mountain Fuel Company covering Section 30; BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 53 of 71 48. Conveyance, Assignment and Bill of Sale dated March 29, 2007, recorded April 10, 2007 at Reception No. 3467921, from Kinder Morgan, Inc. to SourceGas Distribution LLC covering various agreements, including interests in the subject lands; 49. Memorandum of Surface Agreement dated March 3, 2007, recorded April 24, 2007 at Reception No. 3471272, by and between Kerr-McGee Oil & Gas Onshore LP and Actis Real Estate Group LLC covering SE/4, Section 30, in connection with oil and gas drilling operations; 50. Surface Use Agreement dated effective February 13, 2008, recorded June 4, 2008 at Reception No. 3558483, by and between Kerr-McGee Oil & Gas Onshore LP and Blackfox Real Estate Group, LLC, in connection with oil and gas operations in the E/2SE/4, Section 30, including provisions pertaining to areas reserved for existing and future wells, well locations, setback requirements, gathering lines and flowlines, access, batteries and equipment, notices of operations, drilling and completion operations, governmental proceedings, limitations of liability, release and indemnity, environmental indemnity, exclusions from indemnity, notice of claims for indemnification, representations, successors, terms, notice, recording, surface damages, review and approval of plans, mediation, arbitration, applicable law, and other provisions; 51. Plat of the Wolff Annexation to the Town of Firestone, Colorado, recorded October 7,2009 at Reception No. 3652907,located in NW/4NE/4, Section 30; 52. Quit Claim Deed dated October 1, 2009, recorded April 15, 2010 at Reception No. 3687017, from DCP Midstream LP to K. P. Kauffman Company, Inc., conveying interest in rights-of-way and other interests in connection with gas gathering systems and pipelines in the subject lands; 53. Easement Deed dated June 30, 2010, recorded August 13, 2010 at Reception No. 3711700, from Gillespie Family Partnership, Ltd., to the Town of Firestone, Colorado, in connection with water lines and other improvements in NE/4NE/4, Section 30; 54. Surface Use Agreement dated November 1, 2010, recorded March 16, 2011 at Reception No. 3756490, by and between Gillespie Family Partnership, Ltd., and K. P. Kauffman Company, Inc., in connection with oil and gas drilling operations, including provisions regarding oil and gas operations area, production site locations, access, battery locations, flow and gathering lines, payment of relocation costs, easements, recording of easements and subdivision plats, shut in of wells, moving of electrical equipment, completion of changes, non-interference, notice of oil and gas operations, waiver of rights, and other provisions; BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November I,2011 Page 54 of 71 55. Line Easement Agreement dated November 1, 2010, recorded March 17, 2011 at Reception No. 3756633, from Gillespie Family Partnership, Ltd., to K. P. Kauffman Company, Inc. in connection with subsurface lines in NE/4, Section 30; 56. Notice of Oil and Gas Operations dated November 1, 2010, recorded March 17, 2011 at Reception No. 3756634, by K. P. Kauffman Company, Inc., covering NE/4, Section 30. REQUIREMENT: You should be aware of the existence and location of each of the foregoing easements, rights-of-way and coal mining operations, and you should avoid interfering with the rights of the owners of any right of access to the subject lands in conducting your operations. LIMITATIONS AND EXCEPTIONS Except as specifically addressed herein, we express no opinion as to those matters not disclosed by the Materials Examined, nor do we express any opinion as to matters excluded from the coverage of this Opinion including but not limited to the following: (a) matters within the scope of exceptions to abstract coverage or the coverage of other Materials Examined, regardless of whether said exceptions have been expressly articulated to Beatty & Wozniak, P.C.; (b) possessory rights and discrepancies of survey or location that may be reflected by a physical examination of the subject lands; (c) zoning or other land use controls, including zoning rules or regulations imposed on drilling operations by the State of Colorado, by the County of Weld, or by municipal ordinance; (d) pending litigation not reflected by a recorded notice of lis pendens; (e) matters of fact not disclosed of record, or not disclosed in any other Materials Examined, which vary from statutorily permitted presumptions of fact, statutorily created prima facie evidence of fact, or generally accepted guidelines for title examination; (f) proceedings which by state or federal statute are privileged and not open to public inspection; (g) the status of any taxes assessed on oil, gas, and other leasehold estates which taxes are listed separately from the taxes on the surface or mineral rights, including taxes assessed by various special districts which might affect oil and gas operations and which, if unpaid, may constitute a lien against the property; BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 55 of 71 (h) the presence of any liens or other encumbrances covering interests in the subject lands not recorded with the County Clerk in Weld County, Colorado, and not indexed against the subject lands, including liens for taxes and judgments not of record, statutory liens and mechanic's or materialmen's liens not of record, operator's liens not of record, and statutory liens securing the payment of proceeds of production from the captioned property; (i) all financing statements and other documents reflecting security interests in crops or fixtures pertaining to the subject lands; (j) the records of the Colorado Bankruptcy Court or any other United States Bankruptcy Court, as well as any applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws, or the possible effect of such laws on title to the subject lands and leases or any interests assigned therefrom; (k) adverse rights or defects unknown to us but of which you have actual knowledge or the law may presume you have such knowledge; (1) matters concerning whether there is a right of access to the subject lands from a public road; (m) railroad or other rights-of-way or claims not reflected by the Materials Examined, the existence of which may be determined by a physical inspection of the subject lands; (n) the compliance of your operations with all applicable federal, state, county and local laws, rules, and regulations, as well as all rules and regulations of the Colorado Oil and Gas Conservation Commission, and their effect on your operations, including but not limited to laws,rules and regulations pertaining to well, spacing,payment of proceeds and the deductibility of post-production costs; (o) environmental considerations imposed by local, state or federal authorities or related to federal regulations for obtaining drilling permits or other requirements relating to drilling upon federal lands; (p) the compliance of your operations with any statute, regulation or court order and legal holding regarding the generation, discharge or use of water, whether tributary or non-tributary on the subject lands; (q) the enforcement of any applicable regulations, orders or directives by any governmental authority having jurisdiction over the captioned property; BEATTY&WOZNIAK,P.C. Kerr-McGee Oil &Gas Onshore LP Overlook#21-30 well—5508.0168 November 1, 2011 Page 56 of 71 (r) the accuracy and completeness of the title information examined for purposes of this Opinion, including the accuracy and completeness of any online database searched in the completion of this Opinion including but not limited to those materials listed under"Materials Examined"above in this Opinion; (s) the authority of any individual executing an instrument as an officer, agent, partner, trustee, or otherwise on behalf of other individuals or business entities including but not limited to companies, corporations, partnerships, trusts, beneficiaries, and incompetent persons; (t) the technical requirements relating to the conveyance of homesteaded property or other statutorily-imposed requirements affecting homestead rights; (u) the capacity or competency of parties executing operative instruments, as well as the fraudulence, delivery,or post-delivery alteration of such instruments. You should be aware of the above limitations and exceptions and the express exclusion from coverage by and under this Opinion of any of the above enumerated matters. You should be aware that the matters excluded from coverage by this Opinion are in no way limited to the above enumerated matters, and you should review this Opinion in its entirety for any additional limitations, exceptions and exclusions included herein. STATUS OF PRIOR COMMENTS AND REQUIREMENTS NOTE: All requirements contained in the Prior Title Opinions listed in the Materials Examined section of this title opinion are either advisory only in nature, have been satisfied or waived for purposes of this title opinion, pertain to lands and leases not covered by this title opinion, or are restated in the Comment and Requirements herein. COMMENTS AND REQUIREMENTS NOTE: For purposes of this title opinion, all references to "Section 30" refer to Section 30, T2N, R67W, 6th P.M. All references to records and the recording of documents refer to the records in the Office of the Clerk and Recorder, Weld County, Colorado, unless otherwise specified. 1. Status of Oil and Gas Leases. The subject oil and gas leases have primary terms which have expired. Additional information regarding the subject leases can be found in our tabulation of the Oil and Gas Leases. For purposes of this opinion, we assume that the subject leases are held by production and that any required rental and shut-in royalty payments were timely and properly made. The Materials Examined do indicate that wells may have been drilled on the subject lands pursuant to these leases; however, we have not been provided with any BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1, 2011 Page 57 of 71 information regarding the producing status of any existing wells as of the certification date of this title opinion. The Materials Examined in preparation of this Opinion may contain affidavits of production, and wellbore-specific instruments affecting the subject leases. We have not listed them herein as we assume you are aware of existing wells producing from these leases and that the subject leases are held by production or are otherwise being continued in full force and effect. We were not provided with copies of all of the subject leases as part of our Materials Examined. To the extent that we were not provided with copies, we have obtained the information contained in this title opinion pertaining to those leases from the Prior Title Opinions. We assume all information contained in the Prior Title Opinions to be complete and accurate. The subject oil and gas leases contain special provisions and stipulations. We have summarized the most significant of these special provisions and stipulations in our tabulation of the oil and gas leases in this title opinion; however, this does not purport to be a complete listing of all applicable provisions and stipulations of the lease agreements. You should refer to the subject lease agreements, and amendments to the subject leases, for complete details regarding their special provisions. For purposes of this title opinion, we assume that all special provisions of the subject leases have been satisfied, and we assume that the subject leases are operative in all depths and formations pertinent hereto. If production is obtained from a lease which would extend the lease beyond the expiration of its primary term, Colorado statute (C.R.S. §38-42-106) requires that an affidavit of production be recorded any time prior to six months after the expiration of the primary term. If such an affidavit is not timely recorded, then six months after the expiration of the primary term, the recorded lease ceases to constitute constructive notice to third parties of its existence. REQUIREMENT: You should ensure that all special provisions of the subject lease have been satisfied, and you should satisfy yourself that the subject oil and gas leases are held by production or are otherwise being continued in full force and effect covering all of the subject lands. You should determine whether the subject leases are subject to surface use agreements and/or surface use restrictions, and you should comply with all such agreements and restrictions. Upon production of oil or gas in paying quantities from the proposed well, you should record an affidavit of production pursuant to C.R.S. §38-42-106 in Weld County, Colorado. You should familiarize yourself with, and comply with, all of the provisions of the subject leases, amendments to the subject leases, and any applicable agreements pertaining to the subject leases. BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1, 2011 Page 58 of 71 2. Unrecorded Agreement with True Oil LLC. Although not included in the index of documents examined as part of the Materials Examined, we are aware of the existence of an unrecorded agreement by and between Kerr-McGee Oil & Gas Onshore LP and True Oil LLC. By Letter Agreement dated June 12, 2007, acknowledged August 2, 2007, Kerr-McGee and True Oil agreed to a procedure by which True Oil was granted the option to acquire certain interests in the Codell and Niobrara formations in the wellbores of the wells to be recompleted by Kerr- McGee as set forth in an attached exhibit. By Amendment to Letter Agreement dated July 17, 2007, the parties amended the Letter Agreement to provide, among other provisions, that for any New Drill that may be proposed by Kerr-McGee covering leases and lands in which True Oil owns only an undivided interest in the J Sand formation, such New Drill will be subject to the terms of the Agreement as though the New Drill had been included in the exhibit attached to the agreement. The Materials Examined indicate that True Oil LLC does own an interest in the subject leases in the J Sand formation; however, it appears from the Prior Title Opinion that this interest is limited to production from wells physically located in the SE/4, Section 30. Because the subject well is located in the NE/4, Section 30, we assume for purposes of this title opinion that it is not subject to the terms and conditions of the agreement; that is, it appears that Kerr-McGee is not obligated to inform True Oil of its option in the subject well as it pertains to production from the Codell and Niobrara formations. For wells located in the SE/4, if True Oil elects to acquire an interest in the Codell and Niobrara formations, Kerr-McGee must submit to True Oil an APE covering all costs for the proposed well, which will include the J Sand as well as the Codell and Niobrara drilling costs together with completion costs in the target formation (i.e., the Codell and Niobrara formations). As you are a party to this agreement, we assume that you are familiar with the terms and conditions of the Agreement, and that you will comply with all such terms and conditions. REQUIREMENT: You should determine whether the agreement described in the comment, as amended, is applicable to the subject well and, to the extent that this agreement is applicable to the subject well, you should comply with all of its terms and conditions. 3. Reservation in Favor of True Oil Company. The Prior Title Opinions indicate that an Assignment and Bill of Sale dated December 15, 1997, recorded February 6, 1998 at Reception No. 2592990, from Amoco Production Company to HS Resources, Inc., is in the chain of title for one or more of the subject oil and gas leases. From prior examinations of this instrument, we are aware that it is subject to a reservation that includes "[t]hose interests in the properties...necessary to vest in True Oil Company ("True") record title to its beneficial interest, distributed to True pursuant to that certain Dissolution and Termination Agreement dated effective December 14, 1997, under which the Wattenberg Partnership was dissolved..." For purposes of this title opinion, we assume that the stated reservation does not include the assignor's interest in the subject leases. BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 59 of 71 REQUIREMENT: You should satisfy yourself as to the correctness of the assumption stated in the Comment. If you determine that our assumption is incorrect,you should inform this office to determine whether a supplemental title opinion and additional requirements are necessary. 4. Planned Mixed-Use Residential Development in the Subject Lands. The Materials Examined note the annexation of portions of the subject lands into the Town of Firestone, Colorado, and they note the subdivision of portions of the subject lands into lots for mixed-use residential and other development plans. As you are aware, the documents of title pertaining to subdivided lands in Weld County, Colorado, are indexed separately from the title documents covering the unplatted portion of the section, and an examination of the documents indexed against the unplatted portion of the section does not necessarily reflect all documents indexed against the subdivided lands. For purposes of this title opinion, we assume that all pertinent documents of title were provided to this office for the preparation of this title opinion. As it appears that residential development of some or all of the subject lands has occurred, or may occur in the future, you should continue to monitor this development closely, being especially mindful of the potential for the conveyance of mineral ownership interests to lot owners within any subdivided lands as this can impact the division of interest as scheduled in this title opinion. You should conduct your operations in the subject lands with due regard for any applicable setback requirements and all other federal, state and local rules and regulations pertaining to your operations. To the extent that the subdivisions are annexed into a municipality, you should also familiarize yourself and comply with any municipal laws, rules and regulations affecting your operations. REQUIREMENT: As stated in the Comment. 5. Royalty Interest of Tom L. Russell and Margaret I. Russell. Comment and Requirement No. 17 of the Prior Title Opinion covering the E/2, Section 30, states that Tom L. Russell and Margaret I. Russell reserved the oil, gas and other minerals in the NE/4, Section 30 for so long as Lease No. 2 remains in full force and effect. Although the Prior Title Opinion does not list the owners of the remainder royalty interest upon the termination of Lease No. 2, the prior opinion seems to indicate that the royalty interest credited herein to Tom L. Russell and Margaret I. Russell would vest in the owners of the surface estate (or their successors) in the NE/4, Section 30, excluding the 5-acre tract excluded by that lease agreement. REQUIREMENT: Advisory only; however, should Lease No. 2 terminate for any reason, it should be noted that Tom L. Russell and Margaret I. Russell (or their successors) apparently would lose their royalty interest in Lease No. 2 and, at that time, you would need to conduct additional research to determine the owners of the mineral estate in the NE/4, Section 30. BEATTV&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1, 2011 Page 60 of 71 6. Joint Operating Agreement covering NE/4, Section 30. The Prior Title Opinion covering the E/2, Section 30, notes that a Joint Operating Agreement dated May 28, 1975, by and between Amoco Production Company and H. L. Willett covers the subject lands in the NE/4, Section 30. By Letter Agreement dated December 14, 1995, the parties agreed to amend this Operating Agreement to cover the Codell and Niobrara formations in those lands. The parties further agreed that the production from the J Sand formation would be commingled with the production from the Codell and Niobrara formations according to the allocation formulas set forth therein. We were not provided with a copy of either of these documents as part of our Materials Examined; therefore, we are unable to comment further regarding their impact on your proposed operations in connection with the subject well. REQUIREMENT: You should comply with the terms and conditions of the described Joint Operating Agreement. 7. Mineral Ownership Information Pertaining to the Platted Portion of the NW/4 Section 30. All mineral ownership information reflected in this title opinion pertaining to the platted portion of the NW/4, Section 30, was obtained from selected documents of title provided to this office by Kerr-McGee Oil & Gas Onshore LP. Based upon information and belief, the platted portion of the NW/4 (being a part of the Town of Firestone, Colorado) was subdivided in 1907, and the individual lots were deeded off over the course of several years following the subdivision. Because the documents of title pertaining to subdivided lands are indexed separately in Weld County, the abstract of title and DMS report provided to our office by Pensar Petroleum, LLC, covering the NW/4, Section 30, would not include the title documents pertaining to the lots in the subdivided lands. It is our understanding from the Katie Petross of Kerr-McGee that the deeds conveying these lots were not examined from 1907 to the present; rather, for the purpose of preparing her mineral ownership summary, she examined and provided title documents covering a limited period of time. Certainty of mineral title would require an examination of all deeds pertaining to the subject lands from patent to the present. Because all documents of title were not examined in these lands, we cannot confirm the completeness or accuracy of the mineral ownership in these lands, and this title opinion is limited accordingly. REQUIREMENT: For certainty of title, all documents of title pertaining to the platted portion of the subject lands should be provided to this office for examination and possible revision of this title opinion. Alternatively, you can rely upon the mineral ownership information provided in this title opinion and assume the risk of adverse claims of mineral ownership in the platted portion of the subject lands. You should ensure that all lease assignments are tabulated herein. 8. Estimated Acreage in the Platted Portion of the NW/4, Section 30. For purposes of preparing the division of interest in this title opinion, we estimated the acreage of the lots in the platted portion of the subject lands using information obtained from plats of the Town of Firestone, Colorado, and from information obtained from the Weld County Assessor's Office. In BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 61 of 71 our estimation of the acreage of the described lots, we assumed that the mineral owners of the lots also owned the oil, gas and other minerals underlying the streets and alleys in the platted portion of the subject lands to the centerline of the street and/or alley directly adjacent to their lot. You should be aware that these acreage figures are estimates only, and our estimates may vary from the actual acreage of the described lots. For purposes of this title opinion, we assumed that no portion of the E/2NW/4, Section 30, lies outside the platted portion of the Town of Firestone, Colorado; however, to the extent that any lands in the E/2NW/4 do lie outside of the lots lying within the Town of Firestone, the oil, gas and other minerals underlying those lands would be owned of record by Elsie Deffke Bliss, a/k/a Margaret D. Bliss, a/k/a Margaret E. Bliss. REQUIREMENT: For certainty of the accuracy of the acreage attributable to the lots contained in the platted portion of the subject lands, you should obtain and provide a land survey to our office. In the alternative, division orders should be executed and obtained from all parties-in-interest reflecting their assent to the division of interest as reflected in this title opinion. This requirement should include execution by Elsie Deffke Bliss, a/k/a Margaret D. Bliss, a/k/a Margaret E. Bliss, reflecting no mineral interest in the E/2NW/4, or other form of disclaimer. 9. Life Estate Interest of Kathleen Martinez. The Materials Examined reflect that a mineral ownership interest covering a portion of the subject lands is owned of record by Kathleen Martinez, as life tenants, with the remainder owned by Kimberli Martinez and Makaylin.. In general, the remaindermen are entitled to royalty income and, in the absence of written confirmation, life tenants ordinarily would not be entitled to receive royalty income. This general rule is sometimes altered by what is known as the "Open Mines Doctrine", which holds that royalties from any "open mines" (or producing wells) that existed at the time the life estate was created can still be paid to the life tenants, but that royalties from any wells drilled after the life estate's creation are to be paid to the remaindermen. More commonly than not, however, the intent is for the life tenant to receive the royalty income for the duration of the life estate. REQUIREMENT: You should obtain written instructions from the life tenant and remaindermen named in the Comment regarding the proper payment of royalties attributable to Lots 38, 39 and 40, Block 9, the Town of Firestone, Colorado. These written instructions should be signed by all life tenants and remaindermen. 10. Unleased Mineral Interests in the Subject Lands. The Materials Examined reflect that there are unleased mineral interests in the subject lands. To the extent that any interests reflected in this title opinion as unleased are presently subject to a valid oil and gas lease, a copy of the lease agreement should be recorded Weld County, Colorado, indexed against the subject BEATTY& WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1, 2011 Page 62 of 71 lands, and your records should be updated accordingly. To the extent that any interests reflected in this title opinion as unleased are not presently subject to a valid oil and gas lease, you should obtain and record an oil and gas lease pertaining to these mineral interests, and you should update your records accordingly. If any unleased mineral owners refuse to execute an oil and gas lease or otherwise participate in the subject well, you should obtain an order of the Colorado Oil and Gas Conservation Commission force pooling all such unleased mineral interests and update your records accordingly. REQUIREMENT: As stated in the Comment. 11. Requirements Pertaining to the Subject Oil and Gas Leases. In connection with the subject leases,the following should be noted: (a) You should obtain and record oil and gas leases from Sabino and Marcia Munoz, and from Ruben Aguilar and Cristal Puentes, covering Lot 4, Block 7, of the Town of Firestone, Colorado; (b) You should obtain and record an oil and gas lease from Weld County, Colorado, covering Lot 3, Block 9, and covering Lots 27 and 28, Block 1 I, and covering Lots 9 and 10, Block 14, of the Town of Firestone, Colorado . REQUIREMENT: As stated in the Comment. If any of the described oil and gas leases are not obtained, or if any of the described oil and gas leases provide for a royalty rate that is not equal to 12.5%, you should inform this office for the purpose of obtaining a supplemental title opinion and additional requirements. 12. Interests of the Estate of Roger A. Trujillo. Ownership of a mineral interest covering Lots 33 through 36, Block 17, of the Town of Firestone, Colorado, is owned of record by the Heirs of the Estate of Roger A. Trujillo. You should determine the disposition of the interests of the estate in these lands, you should obtain and record all probate documents and documents of title creating marketable title in its present owners, and you should update your records accordingly. REQUIREMENT: As stated in the Comment. 13. Agreements, Memoranda, Orders and Other Instruments Pertaining to Interests in the Subject Lands. Please refer to the Prior Title Opinions for information regarding the execution and recording of instruments recorded prior to their certification dates. The following have been recorded in Weld County, Colorado, pertaining to the subject lands and leases subsequent to the certification date of this title opinion: BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 63 of 71 (a) Plat of Russell Subdivision dated November 28, 1967, recorded November 30, 1967 at Reception No. 1510405; (b) Plat of Russell Subdivision, Second Filing, dated May 15, 1969, recorded May 15, 1969 at Reception No. 1531392; (c) Amendment to Gas Purchase Agreement dated August 2, 1972, recorded August 30, 1972 at Reception No. 1596542, by and between Colorado Interstate gas Company and Machii-Ross Petroleum Company covering part of NW/4 [NOTE: Partial Release recorded October 9, 1975 at Reception No. 1671837]; (d) Replat of the Town of Firestone, Colorado, dated April 30, 1974, recorded May 1, 1974 at Reception No. 1635587; (e) Order dated November 20, 1974, recorded December 4, 1974 at Reception No. 1649607 of the COGCC in Cause No. 250, Order No. 25-10 regarding field rules to govern operations in the Spindle Field(Shannon formation); (I) Map dated March 19, 1976, recorded May 25, 1976 at Reception No. 1689446, for inclusion to Adam LePore Parcel in NW/4; (g) Partial Release of Gas Purchase Agreement dated June 15, 1976, recorded July 6, 1976 at Reception Number 1692888, by and between Colorado Interstate Gas Company and TOA American Gas Productions; releases gas purchase agreement dated September 3, 1975, recorded at 1672926 and concurrently commits TOA under separate Gas Purchase Agreement dated December 18, 1970, as amended, by and between CIGC and a third party in connection with gas production from the Sussex and Shannon formations underlying the Wolff-Gardens 23- 30 well and the acreage attributable thereto [NOTE: Supplement recorded July 6, 1976 at Reception No. 1692889.1; (h) Resolution of Board of County Commissioners, Weld County, dated May 5, 1978, recorded May 22, 1976 at Reception No. 1754239, adopting of amendments to the Weld County Supplementary Regulations Concerning Geologic Hazards and Flood Plains; amends section pertaining to Development Permits to classify lands as severe, moderate and low ground subsidence hazard areas; the application requirements within the three categories shall be identical; however, applicants for a development permit may find the burden of proof to vary depending on an area's class; (i) Resolution dated May 10, 1978, recorded May 22, 1976 at Reception No. 1754239 from Resolution of Board of County Commissioners, Weld County, adopting of amendments to the Weld County Supplementary Regulations Concerning Geologic Hazards and Flood Plains; amends section pertaining to Development Permits to classify lands as severe, BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 64 of 71 moderate and low ground subsidence hazard areas; the application requirements within the three categories shall be identical; however, applicants for a development permit may find the burden of proof to vary depending on an area's classification; (j) Map dated May 10, 1978, recorded on an unknown date at Reception No. 1754240, depicting Geologic Hazard Area Map of Potential Ground Subsidence Areas in Weld County; (k) Ordinance dated December 6, 1978, recorded December 15, 1978 at Reception No. 1775857, of the Town of Firestone, Colorado; regarding real property owned by Weld County, Colorado,not incorporated into the Town of Firestone; (1) Ordinance dated October 26, 1971, recorded July 17, 1979 at Reception No. 1797113, of the Town of Firestone, Colorado; authorizing the board of trustees to sell and dispose of certain real estate owned by the Town of Firestone; (m) Order and Decree dated April 27, 1983, recorded April 27, 1983 at Reception No. 1924918, of the District Court, Weld County, regarding the organization of the Carbon Valley Parks and Recreation District; (n) Order and Decree dated March 8, 1985, recorded March 22, 1985 at Reception No. 2002927, Order and Decree of the District Court, Weld County, organizing the Tri-Area Ambulance District; (o) Ordinance dated May 3, 1985, recorded May 9, 1985 at Reception Nos. 200913-200914 regarding Ordinance of the Town of Frederick, Colorado, annexing land described by metes and bounds for right-of-way for Weld County Road No. 13; (p) Map dated January 30, 1987, recorded March 23, 1987 at Reception No. 2092807 pertaining to Darby Subdivision; (q) Map dated March 16, 1989, recorded March 16, 1989 at Reception No. 2173617 from Milavec Annexation to the Town of Frederick, Colorado covering portion of W/2; (r) Order dated November 1, 1989 recorded November 15, 1989, at Reception Number 2197470, rerecorded December 4, 1989 at Reception No. 2199245 of the District Court, Adams County, approving sale of property at 551 First Street, Firestone, from Dennis F. Thomas to Sandra C. Thomas; (s) Order dated March 1, 1989, recorded December 4, 1989 at Reception No. 2199247 of the District Court, Adams County, appointing Kathy Baum as acting Clerk of the District Court; BEATTY&WOZNIAK,P.C. Ken-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 65 of 71 (t) Resolution dated December 16, 1991 recorded December 31, 1991 at Reception No. 2273675 of the Board of County Commissioners, Weld County, approving four oil and gas division orders to Associated Natural Gas, Inc. from Dacono Oil Company and authorizing chairman to sign orders covering subject lands; (u) Memorandum of Contract and Gas Dedication dated April 5, 1994, recorded May 17 1994 at Reception No. 2388905 by and between Union Pacific Resources Co. and KN Front Ranger Gathering Co. dated November 11, 1992; effective July 30, 1991 for a term of 10 years; (v) Memorandum of Gas Gathering and Processing Contract dated September 29, 1995, recorded September 29, 1995 at Reception No. 2457612 by and between Snyder Oil Corporation, SOCO Wattenberg Corporation and ANGC Corporation covering interests in entire township; (w) Memorandum of Gas Processing Contract dated November 1, 1995, recorded January 26, 1996 at Reception No. 2473386 by and between Vessels Gas Processing, Inc. and Vessels Oil & Gas 2473386 on January 26, 1996 Company; stating that parties have entered into Letter Agreement dated January 29, 1991, as amended by Letter Agreement dated January 20, 1992, Notice Letter dated January 11, 1993, and Letter Agreement dated November 24, 1995 providing for dedication of production to gas processing obligation covering entire township; (x) Ordinance of the Town of Firestone, Colorado, dated May 9, 1996, recorded August 12, 1996 at Reception No. 2505965, approving annexation known as the Firestone Fourth Annexation to the Town of Firestone; (y) Annexation Map dated August 12, 1996, recorded August 12, 1996 at Reception No. 2505970 pertaining to Firestone Fourth Annexation; (z) Map dated April 9, 1997, recorded April 9, 1997 at Reception No. 2542100 pertaining to Boundary Survey covering portion of NW/4; (aa) Memorandum of Fractionation Agreement dated April 21, 1998; effective March 31, 1998, recorded April 27, 1998 at Reception No. 2608672 by and between Duke Energy Field Services, Inc. and Teppco Colorado, LLC; (bb) Order of the District Court, Weld County, dated April 10, 2000, recorded April 13, 2000 at Reception No. 2761517, regarding the exclusion of lands in the Central Weld County Water District; BEATTY&WOZNIAK,P.C. Kerr-McGee Oil &Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 66 of 71 (cc) Memorandum of Gas Purchase and Processing Agreement dated October 1, 2000, recorded December 12, 2000 at Reception No. 2812918, by and between K. P. Kauffman Company, Inc. and Duke Energy Field Services, Inc. covering the subject leases in Section 30; (dd) Ordinance of the Town of Frederick, Colorado, dated November 29, 2001, recorded September 16, 2002 at Reception No. 2987975, amending the municipal code concerning the Southwest Weld Service Area Road Impact Fee Program; (ee) Map of Maple Ridge II Subdivision recorded December 13, 2005 at Reception No. 3346815; (ff) Ordinance of the Town of Firestone, Colorado, dated November 10, 2005, recorded February 10, 2006 at Reception No. 3362262, approving a rezoning and amended outline development plan of Vistas at Saddleback Subdivision; (gg) Map dated January 20, 2005, recorded January 20, 2005 at Reception No. 3254647 pertaining to Improvement Survey lat covering portion of NW; (hh) Map dated September 6, 2006, recorded September 6, 2006 at Reception No. 3417607 in connection ALTA/ACSM Land Title Survey covering part of NW/4; (ii) Ordinance of the Town of Frederick, Colorado, dated June 29, 2006, recorded September 18, 2006 at Reception No. 3420262, amending and adopting zoning map for the Town of Frederick, Colorado; (jj) Order of the District Court dated December 11, 2007, recorded December 27, 2007 at Reception No. 3526088 regarding inclusion of part of the subject lands in the Weld County Tri-Area Sanitation District; (kk) Order of the District Court dated January 14, 2008, recorded February 8, 2008 at Reception No. 3534222 dissolving the Weld County Tri-Area Sanitation District; (11) Order of the District Court, Weld County, dated July 16, 2008, recorded July 31, 2008 at Reception No. 3569695, regarding inclusion of lands within the St. Vrain Sanitation District in part of the subject lands; (mm) Ordinance of the Town of Firestone, Colorado, dated July 8, 1999, recorded October 7, 2009 at Reception No. 3652906, regarding zoning of property annexed to the town known as the Wolff Property in NW/4NE/4, Section 30; BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 67 of 71 (nn) Model Form Recording Supplement to Operating Agreement and Financing Statement dated January 1, 2010, recorded April 13, 2010 at Reception No. 3686503, by and between EnCana Oil & Gas (USA) Inc. and Liberty Energy LLC covering subject lands; (oo) Order of the District Court, Weld County, dated May 24, 2010, recorded August 4, 2010 at Reception No. 3709694, regarding inclusion of lands within the Northern Colorado Water Conservancy District in Section 30; (pp) Surface Use Agreement dated November 1, 2010, recorded March 16, 2011 at Reception No. 3756490, by and between Gillespie Family Partnership, Ltd., and K. P. Kauffman Company, Inc., in connection with oil and gas drilling operations, including provisions regarding oil and gas operations area, production site locations, access, battery locations, flow and gathering lines, payment of relocation costs, easements, recording of easements and subdivision plats, shut in of wells, moving of electrical equipment, completion of changes, non-interference, notice of oil and gas operations, waiver of rights, and other provisions. The comments and requirements contained in the Prior Title Opinion covering the E/2, Section 30, specifically reference the following instruments: Gas Contract dated November 4, 1970, by and between Amoco Production Company and Panhandle Eastern Pipeline Company; Declaration of Unit by Amoco Production Company dated August 23, 1974, recorded at Reception No. 1643739, pooled the E/2 of Section 30 for the production of gas and associated liquid hydrocarbons from the J Sand formation. By document dated August 28, 1975, recorded at Reception No. 1669036, this Unit Declaration was amended and corrected by Amoco Production Company and H. L. Willett to include additional leases not listed in the original declaration; however, this Corrected Unit Declaration covering the E/2, Section 30, is not specifically limited to production from the J Sand formation. By document recorded at Reception No. 2473571, Amoco Production Company and H. L. Willett pooled the NE/4, Section 30, for the production of oil and gas from the Codell and Niobrara formations. Information set forth in this document advises that the parties intended to amend the original Declaration of Pooling to "so as to establish the above designated unit as to the Codell/Niobrara formation, but not other wise affect the declaration of unit previously filed pertaining to other formations." Finally, by document recorded at Book 772 at Reception No. 1694025, Amoco Production Company and H. L. Willett pooled the W/2NE/4 for the production of gas and associated liquid hydrocarbons. This Declaration of Pooling does not set forth a depth limit. REQUIREMENT: You should familiarize yourself and comply with the terms and conditions of all agreements and orders affecting the interests herein. 14. Requests for Notice of Surface Development. The Materials Examined reflects the execution and recording of the following requests for notice of surface development: BEATTY&WOZNIAK,P.C. Kerr-McGee Oil &Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 68 of 71 (a) Request for Notification of Surface Development dated April 24, 2002, recorded May 28, 2002 at Reception No. 2955087, by RME Petroleum Company, et al.,covering part of subject lands; (b) Request for Notification of Pending Surface Development dated August 6, 2007, recorded August 6, 2007 at Reception No. 3495293, by K. P. Kauffman Company, Inc. covering the subject lands; (c) Request for Notification of Surface Development dated October 3, 2007, recorded October 15, 2007 at Reception No. 3511023, by Noble Energy, Inc., Noble Energy Production, Inc. and SOCO Wattenberg Corporation covering the subject lands; (d) Request for Notification (Mineral Estate Owner) dated November 29, 2007, recorded December 21, 2007 at Reception No. 3525268, by Kerr-McGee Oil & Gas Onshore LP covering the subject lands. REQUIREMENT: None; advisory only. 15. Strangers to Title. The Materials Examined reflect that the following instruments have been recorded in Weld County, Colorado, subsequent to the certification dates of the Prior Title Opinion by apparent strangers to title, or by parties lacking an apparent ownership interest of record in the subject lands, purporting to convey or assign interests in the subject lands and leases: (a) Memorandum of Surface Use Agreement dated August 24, 1999, recorded at Reception No. 2721731, by and between Farmers Reservoir and Irrigation Company and North American Resources Company (now known as EnCana Oil& Gas (USA), Inc.); (b) Quit Claim Assignment of Interests recorded March 27, 2000 at Reception No. 2757739 from Nebil G. Zarif to Ace Royalties, LLC [NOTE: see also Opinion of Assignment dated October 10, 2003, recorded October 10,2003 at Reception No. 3116137]; (c) Agreement dated effective April 1, 2001, recorded April 16, 2001 at Reception No. 2840692, from WestTide Investments, LLC to HS Resources, Inc. assigning all right, title and interest in certain listed assets that do not appear to include the subject oil and gas lease [NOTE: A production payment in connection with this purported assignment was released at Reception No. 3083952]; (d) Affidavit dated July 17, 2001, recorded July 24, 2001 at Reception No. 2868135 by Stacey Q. Miller pertaining to the purchase of certain unspecified interest in lands that includes the subject lands; BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 69 of 71 (e) Assignment and Bill of Sale dated effective August 21, 2007, recorded August 29, 2007 at Reception No. 3500555, from G. Walter Lunsford and Assent Energy, LLC to Colorado Energy Minerals, Inc. REQUIREMENT: You should verify that the parties to these instruments, including owners of any canals or ditches in the subject lands not identified in the ownership schedules in this title opinion, do not possess or claim under color of title any interest in the subject lands or leases. If you determine that any such party does claim such an interest under color of title,you should inform this office of your findings so that we can provide you with a supplemental title opinion and additional requirements. 16. Recorded Settlement Documents. The Materials Examined contained two recorded documents relating to litigation regarding the calculation of royalty payments. They include: (a)an Order dated March 14, 2005,recorded March 27,2006 at Reception No. 3373560 in the case of William F. Boulter, et al v. Kerr-McGee Rocky Mountain Corporation; and (b) a Final Judgment and Dismissal with Prejudice in the case Estate of Jack Holman, et al v. Noble Energy, Inc., et al, dated June 11, 2007 and recorded on July 26, 2007 at Reception No. 3492953, covering certain interests in Weld County, Colorado. We have not examined a copy of either of these documents, or their underlying case files, in preparation of this Opinion;however, we presume that you are familiar with your obligations in connection with the payment of royalties. REQUIREMENT: If there is any question about the applicability of the judgments in (a) or (b) above to the subject lease or lands, you should request an advisory opinion from this office. 17. Corporate Mergers and Name Changes. We are aware from the Materials Examined,and other matters beyond the scope of this title opinion, that corporate mergers and/or name changes have taken place affecting the following entities: a. Kerr-McGee Oil & Gas Onshore LP is successor-in-interest to Ken-McGee Rocky Mountain Corporation, HS Resources, Inc., and Energy Minerals Corporation. The ownership schedules and divisions of interest in this title opinion have been updated accordingly. REQUIREMENT: None;advisory only. 18. Unrecorded Agreements. The Materials Examined reference various unrecorded agreements. We were not provided with copies of any such unrecorded agreements as part of the Materials Examined in preparation of this title opinion. For purposes of this title opinion, we BEATTY&WOZNIAK,P.C. Kerr-McGee Oil &Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 70 of 71 assume that no such agreements affecting the subject lands, leases and assignments of the subject leases affect the leasehold ownership interests as scheduled in this title opinion. REQUIREMENT: You should obtain and review copies of all agreements purporting to affect the subject lands and leases to determine what effect, if any, all such agreements may have upon the ownership interests as scheduled in this title opinion. If you determine that any such agreements may affect the ownership interests as scheduled in this title opinion, you should provide copies of all such agreements to this office for the purpose of determining whether a supplemental title opinion and additional requirements are necessary. 19. Existing Wells on the Subject Lands. Other than the subject wells, you should be aware that we have conducted only a cursory examination of the ownership interests in existing wells located on the subject lands. The ownership schedules and divisions of interest contained in this title opinion pertain specifically to the subject wells and, unless otherwise noted herein, the division of interest contained in this title opinion is applicable to other existing wells located on the subject lands only to the extent that they have common ownership with the subject well. In that regard, you should be aware that the Materials Examined contain instruments pertaining to wellbore interests only. For purposes of this title opinion, we have not tabulated these instruments, nor have we otherwise commented on these instruments, as they apparently do not pertain to the subject wells. REQUIREMENT: You should be aware of the limitations of this title opinion, and you should exercise caution in using the ownership information contained in this title opinion in connection with wells other than the subject wells, unless such ownership information is expressly made applicable to an identified wellbore. 20. Declarations of Pooling and Operating Agreements. The division of interest in this title opinion assumes that you have executed a satisfactory Declaration of Pooling in connection with your proposed wells and spacing units. The Declaration of Pooling should be wellbore specific and include the subject leases covering the lands within the spacing unit for production from your target formation(s). To the extent that there are more than one working interest owner in the subject lands, it would be advisable to enter into an operating agreement or agreements with the various working interest owners that are adequate to support your operations or, in the alternative, you should acquire all of the working interests in the subject lands. REQUIREMENT: You should ensure that the subject leases provide for pooling and unitization of the leases to cover the spacing unit for the subject wells. You should obtain and record the Declaration of Pooling described in the Comment prior to the distribution of any proceeds of production from the marketing of oil or gas. Distribution of any proceeds of production from the BEATTY&WOZNIAK,P.C. Kerr-McGee Oil&Gas Onshore LP Overlook#21-30 well—5508.0168 November 1,2011 Page 71 of 71 marketing of oil or gas should be made pursuant to division orders executed by all parties-in-interest. 21. Statement Regarding Extent of Attorney-Client Privilege. This opinion is rendered solely for the use of Kerr-McGee Oil & Gas Onshore LP ("Kerr-McGee"), and its affiliates, and shall not be relied upon by any other person or legal entity without Kerr-McGee's express written consent. This opinion was prepared at the request of Kerr-McGee by Beatty & Wozniak, PC. An attorney-client privilege exists between Beatty & Wozniak, PC and Kerr- McGee regarding the content of this opinion. However, disclosure of this opinion, or the information contained herein, by Kerr-McGee to any third party, including without limitation any third party with whom Kerr-McGee has entered into a joint operating agreement concerning the subject lands, may operate as a waiver of the attorney-client privilege between Beatty & Wozniak, PC and Kerr-McGee. Such disclosure may result in the admissibility of the information contained in this opinion in a court proceeding. REQUIREMENT: None; advisory only. However, please contact us if you wish to explore the topics discussed in this Comment in more detail. This Opinion is rendered solely for the use of Kerr-McGee Oil & Gas Onshore LP ("Kerr-McGee") and its affiliates and shall not be relied upon by any other person or legal entity without the express written consent of Beatty & Wozniak, P.C. An attorney-client privilege exists between Beatty & Wozniak, P.C. and Kerr-McGee regarding the content of this Opinion. However, disclosure of this Opinion or the information contained herein by Kerr-McGee to any third party including, without limitation, any third party with whom Kerr-McGee has entered into a joint operating agreement will operate as a waiver of the attorney-client privilege between Beatty& Wozniak, P.C. and Kerr-McGee. Such disclosure may result in the admissibility of the information contained in this Opinion in a court proceeding. Very truly yours, BEATTY&WOZNIAK,P.C. Craig M. Berube 00210447.DOC BEATTY&WOZNIAK,P.C. Overlook 1121-30 well—5508.0168 November 1,2011 EXHIBIT A TABULATION OF THE SUBJECT OIL AND GAS LEASES: OIL AND GAS LEASE 1: Dated: July 1, 1974 Recorded: August 14, 1974 Reception No. 1642746 Lessor: Lois J. Wolff, a single woman, John R. Wolff and Dorothy E. Wolff, husband and wife Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6`h P.M. Section 30: Beginning at the intersection of the Southerly right-of-way line of the County road which lies along the North line of said Section 30, and the Easterly right-of-way line of 4th Street in the Town of Firestone; thence Southerly along said Easterly right-of-way line a distance of 660 feet; thence Easterly and parallel to with the Southerly right-of-way line of said County road a distance of 330 feet; thence Northerly and parallel with the Easterly right-of-way line a distance of 660 feet to said Southerly right-of-way line; thence Westerly along said Southerly right-of-way line to the point of beginning Containing 5.00 acres, more or less Primary Term: Three (3) years and as long thereafter as oil or gas is produced pursuant to the terms of the lease agreement Royalty: 15% Delay Rental None; paid-up Shut-in Clause Yes Pooling/Unitization Clause Yes Entireties Clause Unknown Pugh Clause Unknown Special Provisions: Lessee shall not conduct operations on the lease premises without prior written consent of the Lessor. A-1 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 OIL AND GAS LEASE NO.2: Dated: February 16, 1971 Recorded: March 19, 1971 Reception No. 1564172 Lessor: Tom L. Russell and Margaret I. Russell Lessee: Amoco Production Company Lands Covered: Township 2 North, Range 67 West, 6th P.M. Section 30: NE/4, excepting, however, a 5-acre tract of land located being described as follows: Beginning at the intersection of the Southerly right-of- way line of the County road which lies along the North line of said Section 30, and the Easterly right-of- way line of 4th Street in the Town of Firestone; thence Southerly along said Easterly right-of-way line a distance of 660 feet; thence Easterly and parallel to with the Southerly right-of-way line of said County road a distance of 330 feet; thence Northerly and parallel with the Easterly right-of-way line a distance of 660 feet to said Southerly right-of- way line; thence Westerly along said Southerly right-of-way line to the point of beginning Containing 155.00 acres, more or less Primary Term: Five (5) years and as long thereafter as oil, gas, other hydrocarbons, or other mineral is produced from said land hereunder, or drilling or reworking operations are conducted Royalty: 1/8th Delay Rental None;presumably held by production Shut-in Clause Yes; $100.00 per well per year, payable annually on or before the anniversary date on which the well was shut in Pooling/Unitization Clause Yes; 40 acres for oil; 640 acres for gas; with 10% tolerance; or as prescribed by governmental authority Entireties Clause None Pugh Clause None Special Provisions: Lease agreement contains force majeure clause. A-2 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 OIL AND GAS LEASE NO.3: Dated: October 28, 1971 Recorded: December 27, 1971 Reception No. 1580916 Lessor: Weld County, a political subdivision of the State of Colorado, by the Board of County Commissioners Lessee: Amoco Production Company Lands Covered: Township 2 North,Range 67 West, 6th P.M. Section 30: Block 3: Lots I —20 Block 4: Lots 1 —20 Block 5: Lots 1 —20, 23 -40 Block 6: Lot 30 except beginning at the SE corner, N75', W2', thence SWly to the SW corner Lot 30, thence E25' to POB Block 8: Lots 1 —40 Block 9: Lots 1, 2 and 16 Block 10: Lots 21 —26, 30—32 Block 11: Lots 1 —20,25, 26, 33 -40 Block 12: Lots 1 —23, 28—40 Block 13: Lots 1 —40 Block 14: Lots 8, 11, 12, 21 —26 Block 17: Lots 1 —6, 15 —20, 25 -32 Block 18: Lots 1 —40 Block 19: Lots 1 —40 Block 20: Lots 1 —40 Block 22: 1 — 18, 27—40 Block 23: 1 —34 Block 24: Lot 33 Containing 49.03 acres, more or less Primary Term: Five (5) years and as long thereafter as oil, gas, other hydrocarbons or other mineral is produced from said land hereunder, or drilling or reworking operations are conducted thereon Royalty: I/8th Delay Rental $49.03 per year Shut-in Clause Yes; $100.00 per well per year, payable one or before one year from the date such well is shut in Pooling/Unitization Clause Yes; 40- acres for oil; 640-acres for gas; with 10% tolerance; or as prescribed by governmental authority A-3 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 Entireties Clause None Pugh Clause None Special Provisions: Lease agreement contains force majeure clause. No operations shall be conducted on the leased lands without the written consent of the lessor. Upon termination of the lease agreement, lessee shall record written release of the agreement. OIL AND GAS LEASE NO. 4: Dated: January 20, 1976 Recorded: January 28, 1976 Reception No. 1679971 Lessor: Michael J. Carroll and Diana P. Carroll Lessee: H. L. Willett Lands Covered: Township 2 North,Range 67 West, 6th P.M. Section 30: All of Block 1,Town of Firestone Containing 4.00 acres,more or less Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year, payable on or before the anniversary date of the lease agreement next ensuing after 90 days following the shut in of a well, and annually thereafter Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: No operations shall be conducted on the leased lands without the written consent of the lessor. OIL AND GAS LEASE NO. 5: Dated: December 7, 1972 Recorded: December 22, 1972 Reception No. 1604107 Lessor: Nick Angulas Lessee: Amoco Production Company Lands Covered: Township 2 North,Range 67 West,6th P.M. Section 30: All of Block 2,Town of Firestone Containing unstated acreage A-4 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 Primary Term: Five (5) years and as long thereafter as oil or gas is produced from said land or land with which said land is pooled hereunder Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes; 640 acres with 10%tolerance or as prescribed by governmental authority Entireties Clause None Pugh Clause None Special Provisions: Lease agreement contains notice and right to cure provision. OIL AND GAS LEASE NO. 6: Dated: July 14, 1976 Recorded: August 10, 1976 Reception No. 1695772 Lessor: The Elkhorn Company Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6th P.M. Section 30: Lots 21, 22, Block 5; Lots 9, 10, Block 17; Lot 5, Block 21, Town of Firestone Containing unstated acreage Primary Term: Five (5) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes; 640 acres with 10%tolerance or as prescribed by governmental authority Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 7: Dated: March 25, 1976 Recorded: August 10, 1976 Reception No. 1695765 A-5 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 Lessor: Theodore Mendias Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6th P.M. Section 30: W/2 Lot 3 and Lots 4 and 5, Block 6, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 8: Dated: March 25, 1976 Recorded: April 2, 1976 Reception No. 1685092 Lessor: James D. Reiner and Deborah Reiner Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West,6th P.M. Section 30: Lots 6 through 8, Block 6, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO.9: A-6 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 Dated: July 22, 1976 Recorded: October 12, 1976 Reception No. 1701067 Lessor: Jo Ann Maass Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6th P.M. Section 30: W/2 Lot 13 and Lots 14 and 15, Block 6, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: I/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 10: Dated: October 21, 1975 Recorded: January 28, 1976 Reception No. 1679966 Lessor: Lydia Dinges Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6`h P.M. Section 30: Lots 21, 22 and 23, Block 6, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None A-7 BEAM'&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 11: Dated: October 21, 1976 Recorded: April 2, 1976 Reception No. 1685099 Lessor: Dan Archuleta and Rose Archuleta Lessee: H. L. Willett Lands Covered: Township 2 North, Ranee 67 West,6'h P.M. Section 30: Lots 24 through 29, Block 6, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 12: Dated: April 23, 1979 Recorded: June 28, 1979 Reception No. 179 Lessor: Marlyn N. Tracy and Maine A. Tracy Lessee: Richard N. Dodge Lands Covered: Township 2 North, Range 67 West, 6th P.M. Section 30: S/2 Lots 37, 38, 39, and 40, Block 6, Town of Firestone Containing 0.26 acres Primary Term: Five (5) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up A-S BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: None OIL AND GAS LEASE NO. 13: Dated: October 28, 1975 Recorded: January 28, 1976 Reception No. 1679951 Lessor: Paul V. Romero and Linda J. Romero Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6th P.M. Section 30: Lots 1 through 3, Block 7, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 14: Dated: January 26, 1976 Recorded: January 28, 1976 Reception No. 1679947 Lessor: Esteban Romero and Antonia Romero Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West,6th P.M. Section 30: Lots 4 through 9, Block 7, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or A-9 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 15: Dated: October 21, 1975 (?) Recorded: March 17, 1976 Reception No. 1683774 Lessor: Lupe G. Jacquez Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West,6th P.M. Section 30: Lots 10, 11 and 12, Block 7, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 16: Dated: March 24, 1976 Recorded: August 10, 1976 Reception No. 1695770 Lessor: Lois F. Goldsworthy and Ronald A. Goldsworthy Lessee: H. L. Willett A-10 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 Lands Covered: Township 2 North, Range 67 West, 6th P.M. Section 30: Lots 13, 14, and the W/2 of 15, 26, 27, and the E/2 of 28, Block 7, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 17: Dated: March 1, 1976 Recorded: August 10, 1976 Reception No. 1695761 Lessor: William F. Jacovetta Lessee: H. L. Willett Lands Covered: Township 2 North,Range 67 West, 6th P.M. Section 30: Lots 37 through 40, Block 9, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. A-11 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 OIL AND GAS LEASE NO. 18: Dated: February 13, 1976 Recorded: March 17, 1976 Reception No. 1683769 Lessor: Leonard D. Williams and Margaret A. Williams Lessee: H. L. Willett Lands Covered: Township 2 North,Range 67 West,6th P.M. Section 30: Lots 1 and 2, Block 10, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 19: Dated: October 21, 1975 Recorded: January 28, 1976 Reception No. 1679965 Lessor: Rudolph Carlson and Ruth Carlson Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West,6th P.M. Section 30: Lots 3 and 4, Block 10, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None A-12 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO.20: Dated: March 18, 1976 Recorded: August 10, 1976 Reception No. 1695769 Lessor: John David Hattel and Carla Hattel Lessee: H. L. Willett Lands Covered: Township 2 North,Range 67 West, 6th P.M. Section 30: Lots 36, 37 and 38, Block 10, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO.21: Dated: October 21, 1975 Recorded: January 28, 1976 Reception No. 1679964 Lessor: William Petras and Rosemary Petras Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6th P.M. Section 30: Lots 39 and 40, Block 10, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th A-13 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,201 1 Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 21: Dated: October 21, 1975 Recorded: January 28, 1976 Reception No. 1679964 Lessor: William Petras and Rosemary Petras Lessee: H. L. Willett Lands Covered: Township 2 North,Range 67 West, 6th P.M. Section 30: Lots 39 and 40, Block 10, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 22: Dated: January 23, 1976 Recorded: January 28, 1976 Reception No. 1679950 Lessor: Stella Remy and Albert L. Remy Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West,6th P.M. Section 30: Lots 21 through 24, Block 11, Town of Firestone Containing unstated acreage A-14 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO.23: Dated: March 25, 1976 Recorded: August 10, 1976 Reception No. 1695766 Lessor: Delbert W. Lester and Ailene B. Lester Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6th P.M. Section 30: Lots 29 through 32, Block 11, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO.24: Dated: March 25, 1976 Recorded: April 2, 1976 Reception No. 1685093 Lessor: Mike Crespin and Teresita Crespin Lessee: H. L. Willett A-15 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 Lands Covered: Township 2 North,Range 67 West,6th P.M. Section 30: Lots 24 and 25, Block 12, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO.25: Dated: March 25, 1976 Recorded: August 10, 1976 Reception No. 1695767 Lessor: Santos A. Sias,Jr. and Rose D. Sias Lessee: H. L. Willett Lands Covered: Township 2 North,Range 67 West, 6th P.M. Section 30: Lots 26 and 27, Block 12, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. A-16 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 OIL AND GAS LEASE NO.26: Dated: October 21, 1975 Recorded: January 28, 1976 Reception No. 1679946 Lessor: Joe E. Martinez and Agnes Martinez Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6's P.M. Section 30: Lots 1 through 5, Block 14, Town of Firestone Containing unstated acreage Primary Tenn: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO.27: Dated: October 21, 1975 Recorded: January 28, 1976 Reception No. 1679963 Lessor: Timothy T. Petras and Patricia G. Petras Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6th P.M. Section 30: Lots 6 and 7, Block 14, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None A-17 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 28: Dated: October 21, 1975 Recorded: March 17, 1976 Reception No. 1683765 Lessor: Ronald J. Morrison and Alice M. Morrison Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6th P.M. Section 30: Lots 13, 14 and 15, Block 14, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO.29: Dated: October 20, 1976 Recorded: December 3, 1976 Reception No. 1705094 Lessor: Carlo Gonzales and Angela Gonzales Lessee: H. L. Willett Lands Covered: Township 2 North,Range 67 West,6th P.M. Section 30: Lots 16 and 17, Block 14, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th A-18 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO.30: Dated: March 26, 1976 Recorded: August 10, 1976 Reception No. 1695771 Lessor: Jacob W. Hays and Juliette M. Hays Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6th P.M. Section 30: Lots 27, 28 and 29, Block 14, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 31: Dated: October 28, 1975 Recorded: January 28, 1976 Reception No. 1695767 Lessor: Alex Debrey and Ellen Debry Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West,6th P.M. Section 30: Lots 30 through 34, Block 14, Town of Firestone Containing unstated acreage A-19 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO.32: Dated: March 25, 1976 Recorded: August 10, 1976 Reception No. 1695768 Lessor: Laura J. Pauletich and Joe E. Pauletich Lessee: H. L. Willett Lands Covered: Township 2 North,Range 67 West, 6s'P.M. Section 30: Lots 35 through 40, Block 14, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO.33: Dated: February 11, 1976 Recorded: April 2, 1976 Reception No. 1685091 Lessor: Cornelius Duran and Rebecca Dunn Lessee: H. L. Willett A-20 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 Lands Covered: Township 2 North, Range 67 West, 6'h P.M. Section 30: Lots 1, 2 and 3, Block 15, Town of Firestone Containing unstated acreage Primary Tenn: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: I/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO.34: Dated: October 31, 1975 Recorded: April 2, 1976 Reception No. 1685097 Lessor: Simon Bertron and Maggis Bertron Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6th P.M. Section 30: Lots 37 through 40, Block 15; and Lots 25 and 26, Block 16, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. A-21 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 OIL AND GAS LEASE NO.35: Dated: March 25, 1976 Recorded: October 12, 1976 Reception No. 1701066 Lessor: Nicolas Martinez and Leo Martinez Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West,6th P.M. Section 30: Lots 1 and 2, Block 16, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO.36: Dated: February 13, 1976 Recorded: April 2, 1976 Reception No. 1685090 Lessor: Christine Lynn Gomez Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6th P.M. Section 30: Lots 3, 4 and part of 5, Block 16, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None A-22 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO.37: Dated: October 24, 1975 Recorded: January 28, 1976 Reception No. 1679968 Lessor: Maria Nevarez, Jose M. Nevarez, Henrietta Nevarez, Melquiades and Dorothy Nevarez Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6'h P.M. Section 30: Lots 37 through 40, Block 16, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 38: Dated: February 11, 1976 Recorded: Marhc 17, 1976 Reception No. 1683773 Lessor: Anthony M. Onorato and Irene M. Onorato Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West,61h P.M. Section 30: Lots 7 and 8, and 11 through 14, Block 17; and Lots 10 through 20, Block 15, Town of Firestone Containing unstated acreage A-23 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November I,2011 Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 39: Dated: October 19, 1976 Recorded: December 3, 1976 Reception No. 1705096 Lessor: Gustabo Villareal and Jesucita Villreal Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6i11 P.M. Section 30: Lots 21 through 24, Block 17, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 40: Dated: March 25, 1976 Recorded: August 10, 1976 Reception No. 1695764 Lessor: Roger A. Trujillo and Beverly Rae Trujillo Lessee: H. L. Willett A-24 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 Lands Covered: Township 2 North,Range 67 West, 6°i P.M. Section 30: Lots 33 through 36, Block 17, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 41: Dated: October 28, 1975 Recorded: January 28, 1976 Reception No. 1679957 Lessor: Robert Daniel Ozzello and Phyllis Sharlene Ozzollo Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6`h P.M. Section 30: Lots 37 through 40, Block 17, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. A-25 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 OIL AND GAS LEASE NO.42: Dated: November 5, 1975 Recorded: January 28, 1976 Reception No. 1679953 Lessor; Jacqueline M. Riley Lessee: H. L. Willett Lands Covered: Township 2 North,Range 67 West, 6'h P.M. Section 30: Lots 1 through 4, Block 21, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 43: Dated: January 30, 1976 Recorded: March 17, 1976 Reception No. 1683767 Lessor: Ronald R. DeSotel and Sharon DeSotel Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6th P.M. Section 30: Lots 36, 37 and part of 38, Block 21, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None A-26 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 44: Dated: January 30, 1975 Recorded: March 17, 1976 Reception No. 1683761 Lessor: Charles Nichols Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6`s P.M. Section 30: Lots part of 38 through 40, Block 21, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 45: Dated: November 1, 1975 Recorded: April 2, 1976 Reception No. 1685086 Lessor: Benito Vela and Ora Vela Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6'h P.M. Section 30: Lots 35 and 36, Block 32, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th A-27 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 46: Dated: October 21, 1975 Recorded: April 2, 1976 Reception No. 1685098 Lessor: Edna E. McNeill and George R. McNeill Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6th P.M. Section 30: Lots 37 through 40, Block 23, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO.47: Dated: October 28, 1975 Recorded: January 28, 1976 Reception No. 1679954 Lessor: Dale L. Huxman and Vivian C. Huxman Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West,6th P.M. Section 30: Lots 1 through 6, Block 24, Town of Firestone Containing unstated acreage A-28 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November I,2011 Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 48: Dated: October 21, 1975 Recorded: January 28, 1976 Reception No. 1695767 Lessor: Jack Lee, Jr. and Elvira Lee Lessee: H. L. Willett Lands Covered: Township 2 North,Range 67 West, 6th P.M. Section 30: Lots 7 through 12, Block 24, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 49: Dated: October 13, 1976 Recorded: December 3, 1976 Reception No. 1705095 Lessor: Rosina Cinea and Dominic Cinea Lessee: H. L. Willett A-29 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 Lands Covered: Township 2 North,Ranee 67 West, 6th P.M. Section 30: Lots 13 and 14, Block 24, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO.50: Dated: January 28, 1976 Recorded: March 17, 1976 Reception No. 1683760 Lessor: Robert Earl Lee and Virginia Mae Lee Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West,6th P.M. Section 30: Lots 15, 16, and 35 through 40, Block 24, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. A-30 BEATTY& WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 OIL AND GAS LEASE NO.51: Dated: July 16, 1976 Recorded: August 10, 1976 Reception No. 1695760 Lessor: Ellis O. Logsdon and Agnes T. Logsdon Lessee: H. L. Willett Lands Covered: Township 2 North.Range 67 West, 6th P.M. Section 30: Lots 17 through 20, Block 14, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None;paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. OIL AND GAS LEASE NO. 52: Dated: February 4, 1976 Recorded: March 17, 1976 Reception No. 1683768 Lessor: Ellis O. Logsdon and Agnes T. Logsdon Lessee: H. L. Willett Lands Covered: Township 2 North, Range 67 West, 6th P.M. Section 30: Lots 21 through 31, Block 24, Town of Firestone Containing unstated acreage Primary Term: Three (3) years and as long thereafter as oil or gas of whatsoever nature or kind is produced from said leased premises or on acreage pooled therewith, or drilling operations are continued as provided Royalty: 1/8th Delay Rental None; paid-up Shut-in Clause Yes; $1.00 per net mineral acre per year Pooling/Unitization Clause Yes Entireties Clause None A-31 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 Pugh Clause None Special Provisions: Lessee shall conduct no operations on the leased lands without the prior written consent of lessor. NOTE: Oil and Gas Lease Nos. 1 through 52, as tabulated above, are referred to in this title opinion as"the subject oil and gas leases"or"the subject leases." ASSIGNMENTS OF THE SUBJECT OIL AND GAS LEASES: NOTE: See Prior Title Opinions for tabulation of lease assignment prior to the certification date of this title opinion Assignment No. 1 Date: June 10,2003;effective January 1, 2003 Recording Data: June 16, 2003 Reception No. 3073093 Assignor: True Oil Company Assignee: True Oil LLC Interest Assigned: All of assignor's right,title and interest in Lease Nos. 1, 3 Interest Retained: None Lands: S/2 of Section 5, T3N,R65W, 6'h P.M. Other Provisions: None Assignment No.2 Date: December 15, 1997; effective December 1, 1997 Recording Data: February 6, 1998 Reception No. 2592990 Assignor: Amoco Production Company Assignee: HS Resources, Inc. Interest Assigned: All of assignor's right,title and interest in subject leases Interest Retained: None Lands: All of the subject lands Other Provisions: See Comment and Requirement No. 3 A-32 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 EXHIBIT B SURFACE OWNERSHIP IN NE/4, SECTION 30: Firestone Subdivision in NE/4,Section 30, T2N,R67W SURFACE OWNER BLOCK LOT Gillespie Family Partnership, LTD Replat A Steve and Julie Hewitt 1 1 Matthew and Karen Bennett 1 2 Jeremy and Melissa Christen 1 3 Kevin S. McMillian 1 4 Jennie M. Carnival 1 5 Sean and Kandi Esslinger 2 1 Randy and Karie Ficklin 2 2 William and Carrie Klingensmith 2 3 Blanca E. Rodriguez Carbajal 3 1 Dan Lynette Munoz 3 2 Rudolph and Renee Sarmiento 3 3 Santos and Maricrus Martinez 3 4 Jerome and Roxanna Snyder 3 5 John and Lynn Gregory 3 6 David Bird and Melissa Yeager 3 7 Jimmy and Tammy James 4 1 Edward and Jana Nicholson 4 2 Judith Van Meter and Judith Naomi 4 3 John and Karen Rossorelli 4 4 Tom and Lisa Parko 4 5 Laura and Thomas Lewis 4 6 Coltire Group LLC 4 7 Patricia Reisbeck 4 8 Clifford and Sharon Engstrom 4 9 Capfinancial Properties CV2 LLC 4 10 Tom and Lisa Parko 4 11 Linda Lovato 4 12 Sandy Tinoco, Aramdo Tinoco and Jung Soon Tinoco 4 13 Justin and Marie Garbiso 4 14 David and Anthony Keltesch 4 15 Thad and Lisa Lear 4 16 Shauna Lewis 4 17 Jeffrey Johnson 4 18 B-1 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 SURFACE OWNER BLOCK LOT Gillespie Family Partnership, LTD Replat A Kari and Robert Brown 4 19 Derald and Renee Staley 4 20 Erik Hansen Replat B 1 Esteban and Susan Salazar Replat B 2 Debbie Bramwell Replat B 3 Spencer Olson Replat B 4 Overlook at Firestone Homeowner's Association Replat B Outlet A Capfinancial Properties CV2 LLC Replat C 1-6 Jeremy Belanger Replat C 7 Capfinancial Properties CV2 LLC Replat C 1-8 Kristi Lubovich Replat C 11 Duncan Family Trust Replat C 12 Central Weld County Water District Outlet A Adam Parker 1 1-2 George and Leslie Lubovich 1 3,4 Danella Devries 1 5,6 Adam Parker 1 7,8 Richard J. Vela 1 9 David Okada 1 10 Marilyn Henderson 1 11,12 Dani and Sandra Clark 2 1 Jacob and Melanie Fehler 2 2 Glenn and Sandra Jensen 2 3 Christopher and Mackenzie Santana 2 4 Danny Kogl 2 5 Davin and Tiffany Greff 3 1 Patrick and Sandra Bauer 3 2 Herzog Family Trust, et al. 3 3 Davin and Tiffany Greff 3 4 Capfinancial Properties CV2 LLC 3 4,5 Richard Parker 3 6 Carl Johnson 3 7 Bert and Valerie Heath 3 8 C&C Investments LP 3 9 Alan and Carla Workman 3 10 Corey Hunter 3 11 Michael Sewczak 3 12 Judith Madrid 4 1 Luiz Baltierrez 4 2 Kevin Towner 4 3 Glen Byers 4 4 B-2 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 SURFACE OWNER BLOCK LOT Gillespie Family Partnership, LTD Replat A Benjamin Chapman 4 5 Nicholas Hunter Post 4 6 Rollin and Karen Backlund 4 7 Tassa Saldi 4 8 Andrew Taylor 4 9 Monica Leighton 4 10 Jonie Ross 4 11 Mark Heath 4 12 James Thomas 5 1 Francisco Luna 5 2 Jonathan Koppinger 5 3 Paige Starbeck 5 4 Tamanee Dasch 5 5 Brook Stringe 5 6 Scott and Elizabeth McGregor 5 7 Nicole Reback 5 8 Michael and Karen Polenica 5 9 Travis Davis 5 10 Kevin and Krystle Rickman 5 11 Justin Savage 5 12 Jared and Amber Lords 5 13 Capfinancial Properties CV2 LLC 6 1 Ray and Josh Pritt 6 2 Brian and Dawn Stork 6 3 Timothy and Kristen Atkinson 6 4 Capfinancial Properties CV2 LLC 6 5 Amended Timberland Subdivision SURFACE OWNER BLOCK LOT John F. Rich and Donald W. Polster 1 Todden R. Goad 2 Richard M. Bartholomew and Capri M. Marraudino 3 David and Renate Foster 4 Patricia W. Henman 5 Allen and Melva Jeter 6 Cynthia D. McHattie 7 Town of Firestone, Colorado Outlot A B-3 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 SURFACE OWNER BLOCK LOT Betty and George Heath 8 Mary M. Portouw 9 Marcus and Danielle Wood 10 Chris and Valene Clark 11 Cindy and Robert Daum 12 Heather C. Heasley 13 Jose V. Saenz 14 Kelly R. Garcia 15 Christopher A. Byrd and Beverly J. Knappe 16 Lexie and Beverly Ramsey 17 Joseph and Shirley Losinki 18 Timothy and Lisa Doyle 19 C. Lee and Janice Carpenter 20, 21 David F. Claypool 20, 21 Kenneth and Elizabeth Brooks 22 Allen and Ann Coble 23 John and Bobbe Fischle 24 Everette and Dellia Brennan 25 Travis and Tesla Dougherty 26 Bruce and Cheri Andersen 27 Christopher and Dori Ricciardiello 28 Brett and Sarah Abbott 29 Clifford and Carolyn Bennett 30 Mark and Sharon Rients 31 Richard and Kristine Hartman 32 Kristeen Martinez and Wael Awad 33 Robert and Gina Nix 34 Arthur J. Goddard 35 Juan and Olivia Orozco 36 Harold and Debra Klawitter 37 Herb A. Lucier 38 Federico and Danielle Nunez 39 Roger and Vemelle Hilbom 40 B-4 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 Globe Subdivision SURFACE OWNER BLOCK LOT John and Kathleen Rogers 1 1 Michael and Tina Snead 1 2 Brenda Brigham 1 3 Judy Jones 1 4 Kandy Worley 1 5 William Rowell 1 6 Charles and Mary Lou Bachicha 1 7 Joseph Hurtado, Jr. 1 8 Wesley and Robin Crystal 1 9 Jason Mott and Allison Hedges 1 10 Jeremy Zuege 1 11 Brian Storm 1 12 Joaquin Puentes 1 13 Ronnie and Patricia Hill 1 14 Nancy Brunscheen 1 15 Jose and Carmen Rivera I 16 Dustin Mcllvena 1 17 David and Timothy Garfield 1 18 Lynda Beadle 1 19 Frederick Riggs, III 1 20 Danielle Richards 1 21 Deutsche Bank National Trust 1 22 Brian Alderman 1 23 Bradley and Sabrina Stouffer 1 24 Billy and Kathy Adams 1 25 Ryan Sanger 1 26 Juan and Isabel Lucero 1 27 Danny and Sherry Chambers 1 28 Terri Heggs 1 29 Mark and Sheryl Buckner 1 30 Penelope Becker 1 31 Amy Kilpatrick 1 32 Victor and Zonia Palacios 1 33 Douglas and Jane Rademacher 1 34 Mark Schofield 1 35 Kenneth Kieffer 1 36 Michael Teater 1 37 Tiffany Justin 2 1 B-5 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 SURFACE OWNER BLOCK LOT Von Arnold 2 2 Fernando Quinonez and Eloy Canales 2 3 Nathan Garcia 2 4 Ann Alire 2 5 Goldman Sachs Mortgage Company 2 6 P.G. Felton 2 7 Barbara Walker and Harle Bishop, III 2 8 Rodney Fahrenbrusch 2 9 David and Kelley Egan 2 10 Wade Heussmann 2 11 Wade Heussmann 2 12 Wanda Cooper 3 2 Jerad and Tammy Massey 3 2 Robert and Nicole Haggerty 3 3 Maria Tabora 3 4 Bonnie Waite 3 5 Randolph and Kerri Forshay 3 6 Gary Pfeif 3 7 Harold and Helen Laurence 3 8 Robert and Nadine Hepp 3 9 Mary and Sherri Legler 3 10 Heather and Matthew Morgan 3 11 Annamarie Valdez 3 12 Michael and Adria Tafoya 3 12 Jason Peckham and Abrielle Henry 3 14 Edward and Lucille Janssen 3 15 Deborah and Michael Monarch 3 16 Shannon Schaefer 3 17 Gary and Parila Spoering 4 1 Steven and Lynda Hummel 4 2 Denis and Linda Mewis 4 3 Lawrence and Sharon Thompson 4 4 Don and Amber Albrecht 4 5 Lori Adams 4 6 Isabell Martinez 4 7 Jason Vidmar 4 8 Amador Salomon 4 9 Preston Patrick 4 10 Leo and Angela Martinez A B-6 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November I,2011 Globe Subdivision SURFACE OWNER BLOCK LOT Maria and Saul Alvidrez 5 1 Jessica Ross and Anthony Dominguez 5 1 Brian Curtis and Catherine Frey 5 3 Ronald and Corona Hurtado 5 4 Aaron and Camilla Spong 5 5 David Johnson 5 6 Danny Gould 5 7 Donna Eppler 5 8 Ann Jacobs 5 9 Patricia Griffith 5 10 Tammy Schlichenmayer 5 11 Joe and Nikki Sisneros 5 12 Roy and Myrtle Bishop 5 13 Andrew and Keri Deringer (50%) and Gary and 5 14 Rosanna Lewis(50%) Dorey Gunn 5 15 John and Katherine Anderson 5 16 Raul and Elaine Plascencia 5 17 Renata Ruscitti 5 18 Richard and Karen Gomez 5 19 Anthony Chifalo and Ryan Moore 5 20 Mario and Eyvette Tapia 5 21 Eric and Adrianne Fountain 5 22 Thomas and Sharmaine Martinez 5 23 Leisl Athen 5 24 Robert and Carol Eastwood 5 25 Scott and Jolene Hamilton 5 26 Charles and Bonnie Powell 5 27 Tom and Rebecca Whitfield 5 28 David and Kristine Mahan 5 29 Javan Speirs and Stacie Carroll 5 30 Bruce and Ana Cardenas 5 31 Roy C. Patton, Margaret D. Patton and Dawn E. B Kanzler B-7 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 SURFACE OWNERSHIP IN E/2NW/4,SECTION 30: Platted portion of the Town of Firestone,Colorado SURFACE OWNER BLOCK LOT David and Irene Salazar 1 1, 2, 3 Jay Earl Titus 1 4, 5,pt 6 Tina J. Stuffier 1 pt 6, 7, 8, pt 9 Graig and Roberta Hill 1 pt 9, 10,pt 11 Nancy and Stuart Lesnick 1 pt 11, 12, 13, pt 14 JPMorgan Chase Bank 1 1, 2, 3 David Day 1 pt 16, 17,pt 18 Lydia M.Nelson 1 pt 18, 19, 20 Kimberly Donica, Todd 1 21, 22, pt 23 Ranson, and Amanda Willis Ray and Lorraine Annis 1 pt 23, 24,pt 25 Larry and Randi Long 1 pt 25, 26,pt 27 Richard and Pamela Hoffarth 1 pt 27, 28,29, pt 30 Michael and Yolanda 1 pt 30, 31,pt 32 Martinez Bryan and Lisa Carbol I pt 32, 33, 34, pt 35 Ray and Lorraine Annis 1 35, 36, 37, 38 Margaret A. Pontzius 1 38, 39,40 Kenneth and Bonnie Miller 2 1, 2, 3 Steve Wayne and Diane 2 4, 5,pt 6 Christie John and Joey Raehal 2 pt 6, 7, 8 Richard and Sandra Patterson 2 9, 10,pt 11 Timothy and Lita Reser 2 pt 11, 12, 13,pt 14 Town of Firestone 2 pt 14, 15-20 J. C. and Marna Nicholson 2 21, 22,pt 23 Benito and Cori Espinoza 2 pt 23, 24, 25 Sue Trejo 2 26,27, pt 28 Michael Greif 2 pt 28 Michael Greif 2 29, 30 Joan M. Koepke 2 31, 32, pt 33 William and Debora Kilmer 2 pt 33, 34, 35 Catalina Martinez 2 36, 37, pt 38 Leslie and Katrina Smith 5 pt 38, 39, 40 Town of Firestone 5 1-3, 38-40 Frederick and Charlotte Robb 5 1, 2, 3 Ryan and Lisa Frahm 5 38, 39, 40 C-1 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 SURFACE OWNER BLOCK LOT Richard Bartholomew 5 1,2, pt 3 Diane Michelle Connolly 5 pt 3, 4, 5 David L. Craig 5 6, 7,pt 8 Barbara and David Rivera 5 pt 8, 9, 10 James W. Sharp and Beckett 5 11, 12, pt 13 Family Revocable Trust David H. Darnell 5 pt 13, 14, 15 Chris McFarlin 5 16, 17, pt 18 Scott A. Miller 5 pt 18. 19, 20 Larry and Bertha Powell 5 21, 22 Carlos and Maria Ramos 5 23, 24, pt 25 221 Jackson Avenue Land 5 pt 25, 26, 27 Trust Michael R. Harms 5 28, 29,pt 30 Jackson 241 LLC 5 pt 30, 31, 32 Michael and Diance Malek 5 33, 34, pt 35 John and Patricia Sharp 5 pt 35, 36, 37 Gabriel Enriquez-Barrera and 5 38, 39,40 Yesenia Perea Ronald and Cynthia Sullivan 5 1, 2,pt 3 Morganti Properties LLC 6 pt 3, 4, 5 Andrew and Rosalyn Toves, 6 6, 7,pt 8 JT Adams Bank Trust 6 pt 8, 9, 10 Mark and Dorothy Dagostino 6 11, 12,pt 13 Cynthia J. Knoll 6 pt 13, 14, 15 Lyndsey Weaver 6 16, 17,pt 18 Johnnie Renae 6 pt 18, 19, 20 Ross Sutherland 6 21, 22, 23 Agnes and Joe Martinez, JT 6 24 -29 Terrence D. McCarthy 6 30-33 April M. Perez 6 34-36 Lori Trejo, Kristie Trejo and 6 N2 37-40 Michael Trejo Michael and Jamie Adamson 6 S2 37 -40 Sabino and Marcia Munoz, JT 6 1, 2, 3,pt 4 Ruben Aguilar and Cristal 7 pt 4, 6, pt 7 Puentes, JT Mary A. Schulte 7 pt 7, 8, 9 Lori A. Smith 7 10, 11, 12 Cristine Arnold 7 13, 14, pt 15 Michael Wayne Waltner 7 pt 15, 16, 17 C-2 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 SURFACE OWNER BLOCK LOT Margaret Ann Johnson 7 18, 19, 20 Torben E. Michell 7 21, 22, pt 23 Jose, Paula and Ana Jimenez 7 pt 23, 24, 25 Town of Firestone 7 26, 27, pt 28 Brent and Tara White 7 pt 28, 29 30 Sean and Tanya Fleming 7 31, 32,pt 33 Nathan and Teresa Richardson 7 pt 33, 34,35 Adam Weiss 7 36, 37,pt 38 Larry P. Weigel 7 pt 38, 39,40 Brian and Julie Pearce 7 1,2, 3,4 Shawn and Joyce McCoy 8 5, 6, 7 Raquel Yslas 8 8, 9, 10 Mario Ruiz 8 11, 12, 13 Joan Travis 8 14, 15, 16 Robert A. Anderson 8 17 - 20 Richard and Cherri Hamlin 8 21 - 24 Mark A. McNeill 8 25 -28 Joseph and Paulette Trujillo 8 29-31 Michael and Kristie Trejo 8 32 - 34 Jose and Henrietta Nevarez 8 35 - 37 Terry and Kristine Percy 8 38 - 40 Vernon Bauer LLC 9 1, 2,pt 3 Kathleen Martinez(life 9 38, 39, 40 estate); Kimberli and Makaylin Martinez (remainder) Danielle McCann 9 1, 2 Danielle McCann 10 3 Fannie Mae 10 38 Parila L. Spoering 10 39,40 Thomas and Deborah 10 1, 2, 3 Riesenberger Mirna and Homero Garcia 11 4, 5,pt 6 Mark A. Braham 11 pt 6, 7, 8 Anthony and Dolores Onorato 11 9, 10, 11 Anthony Desantis 11 12, 13, 14 Shawn and Pamela Jacquez 11 15, 16, 17 Joseph Borkowski 11 18, 19, 20 Mathew Perry 11 21 -24 James A. Box 11 25 -28 TJH Properties, LLC 11 29- 32 Robert and Virginia Lee 11 33 - 40 C-3 BEATTY& WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 SURFACE OWNER BLOCK LOT Karl A. Brandenberg 12 1, 2, 3 Karl A. Brandenberg 12 4, 5 Lionel and Rosann Garza 12 6, 7, 8 Toni L. Lavely 12 9, 10, 11 Michael and Jaime Foster 12 12, 13, 14 Traci A. Banker 12 15, 16, 17 Gustavo Aguayo and Martha 12 18, 19, 20 Martinez Bobby and Lou Ann Matthews 12 21, 22, 23 Gregory and Marla Venette, 12 24, 25 Francisco Castruita-Aguallo 12 26, 27 Francisco Castruita-Aguallo 28 Frank A. Brown 12 29, 30, 31 Kenneth J. Berglund 32, 33, 34 Ronald and Mary Schell 12 35, 36, 37 Nicholas and Marci 12 38, 39, 40 Biodrowski Donald and Chery Mahalic 12 1, 2, pt 3 Tina Roseboom 12 pt 3, 4, 5 Jack and Evelyn Pasco 13 6, 7, 8 Travis and Rosemary 13 9, 10, 11 Kaufman Daniel Gallegos and Rebecca 13 12, 13, 14 Redell-Gallegos Scott and Regina Ellinger 13 15, 16, 17 Richard and Margaret 13 18, 19,20 MacCloud Brandon Ohmie 13 21, 22, 23 Everett Dungan 13 24, 25, 26 Frank and Marian Hobbs 13 27, 28, 29 Robert and Debra Seymour 13 30, 31, 32 Brian D. White 13 33, 34, 35 Anthony Lee Rodriguez 13 36, 37,pt 38 Michael and Linda 13 pt 38, 39,40 Wetzbarger Joe and Agnes Martinez 13 1,2, 3, 4, 5 Bruce Dixon 13 6, 7 Sandra J. Crouse and Bret D. 14 8 Ahnstedt Sandra J. Crouse and Bret D. 14 9, 10 Ahnstedt C-4 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 SURFACE OWNER BLOCK LOT Sandra J. Crouse and Bret D. 14 11, 12 Ahnstedt Ricky and Sandra Renoad 14 13, 14, 15 Shirley Martinez 14 16, 17 Magdaleno and Ramona 14 18, 19, 20 Saenz Randi R. Wyborny 14 21, 22, 23 Eloy, Thomas, Maria and 14 24, 25, 26 Omar Martinez Joshua and Marcy Robertson 14 27, 28, 29 Michael and Geglenn Fischer, 14 30, 31, pt 32 JT Arturo and Michelle Amaya, 14 pt 32, 33, 34 JT Daniel Fonte and Linda 14 35 -40 Ellerd, JT Terry C. Millard 15 1,2,3 Brad W. Hunter 15 38, 39,40 David Trevathan 16 1,2 Juan and Maria Aguilar, JT 16 3 Margalene J. Hartman 16 38 Margalene J. Hartman 16 39,40 Frances D. Willson 17 1,2, 3 Korrie W. Vandeest 17 4, 5, 6 Korrie W. Vandeest 17 7, 8 Luke D. O'Malley 17 9, 10 Darin D. Ihde 17 11, 12, 13, 14 Anna M. Redd 17 15, 16, 17 David and Renee McEntee 17 18, 19, 20 Jesus Martinez 17 21,22, 23, 24 Shane and Krista Bradley 17 25, 26 Albert L. Stines 17 pt 27,28, 29 Heirs of Ida Trujillo 17 30, 31, 32 Heirs of Roger A. Trujillo 17 33, 34, 35, 36 Phyllis and Robert Ozzello 17 37, 38, 39,40 Duane J. Roller 18 1, 2, 3, 4 Thomas S. Payne 18 5, 6, 7 Rita Baliunas 18 8, 9, 10 Kirk David Fry 18 11, 12, 13 Kenneth and Mable Harris 18 14, 15, 16 Donald C.Willette 18 17, 18, 19, 20 Jeremy and Maureen Burgess; 18 21, 22, 23 C-5 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 SURFACE OWNER BLOCK LOT Rue Rush Adam and Kayleen 18 24, 25, 26 Digesualdo Robert and Virginia Vogl 18 27,28,29 Anthony and Irene Onorato 18 30, 31, 32 Marc D.Sterkel 18 33, 34,pt 35 Marc D.Sterkel 18 pt 35, 36 Melburne L. Bauer,Trustee 18 37, 38, 39, 40 Paul Hurtt 19 1,2,pt 3 David and Julia Davis 19 pt 3, 4, 5 Donald and Brenda Young 19 6, 7,pt 8 Richard and Laura Wells 19 pt 8, 9, 10 Shawn Grothendick and 19 11, 12,pt 13 Joanna Skirrow Troy Tremain 19 pt 13, 14, 15 Crisoforo Morales-Hernandez 19 16, 17, pt 18 and Eva Morales Anthony C. Martinez 19 pt 18, 19, 20, tract Coal Creek Properties Inc. 19 21, 22, pt 23 Robert and Mary Chappell 19 pt 23, 24, 25 Valerie L. Garcia 19 26,27, pt 28 Carlos and Beverly Medina 19 pt 28, 29, 30 Joaquin Puentes 19 31, 32,pt 33 Karen L. Morales 19 pt 33, 34, 35 Carol H. Horton 19 36, 37,pt 38 Bradford L. Bennett 19 pt 38, 39, 40 Russell and Janice Sarbora 19 N2 1, 2, 3, 4 Wayne and Nanci Chavez 20 S2 1, 2, 3, 4 Catherine J. Holder 20 5, 6, 7 Albert and Cecelia Gutierrez 20 8, 9, 10 Henry and Alice Casados 20 11, 12, 13 David and Shirley Pendleton 20 14, 15, 16, 17 Donald O. Patton 20 18, 19, 20 Lillian R. Mclick 20 21, 22, 23 Mark and Dorothy Dagostino 20 24, 25, pt 26 Christopher Weed 20 pt 26, 27, 28 James and Susan Subbert 20 29, 30, pt 31 James and Susan Subbert 20 pt 31, 32,pt 33 Thomas and Susan Mason 20 pt 33, 34, 35,pt 36 Richard N. Remington 20 pt 36, 37,pt 38 Corey Teffetalor and Crystal 20 pt 38, 39, 40 Christensen C-6 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November I,2011 SURFACE OWNER BLOCK LOT Michael A. Cannon 21 1, 2,pt 3 James and Gayle Carpenter 21 pt 3 Alexander and Janalee Cruz 21 pt 38 Matthew V.Strawmier 21 pt 38, 39, 40 Albert J. Herrera 22 1, 2, 3 Rick and Suzanne Caldwell 22 N2 38, 39,40 Morganti Properties LLC 22 S2 38, 39, 40 Gary and Mildred Degge 23 1, 2, 3 Albert and Cynthia Spinden 23 4, 5, 6 Eagle Mountain Investment 23 pt 7, 8, 9 Group LLC Shane and Jennifer Connors 23 10, 11, pt 12 Samuel and Carol Hepp 23 pt 12, 13, 14 Robert and Azel Digesualdo 23 15, 16, 17 Cesar Perea and Khrystal 23 18, 19, 20 Salomon Derek and Danielle Hinz 23 21,22, 23 Melvin and Rita Haas 23 24,25,pt 26 Troy and Kelly Burton 23 pt 26,27, 28 Equitable Investment 23 pt 29, 30, 31 Corporation Jose G. Gonzalez 23 32, 33, 34 Thomas and Sharon Ditsch,JT 23 35, 36 Grace McNeill 23 37, 38 Grace McNeill 23 39, 40 James A. Schiferl 24 1,2, 3 Javier and Danielle Calles, JT 24 4, 5, E2 6 Amy Giustino 24 W2 6 Amy Giustino 24 7, 8 Fannie Mae,a/k/a Federal 24 9, 10, 11, 12 National Mortgage Association Lillian R. Melick 24 13, 14 Roy and Barbara Kuntz 24 15, 16 Eagle Mountain Investment 24 17, 18, 19, 20 Group, LLC Corey Levy 24 21, 22, 23, 24 Myrna A. Lee 24 25 - 31 Justin J. Delpizzo 24 32, 33, 34 Michael E. Phillipps 24 35, 36, 37 C-7 BEATTY&WOZNIAK,P.C. Overlook#21-30 well—5508.0168 November 1,2011 SURFACE OWNER BLOCK LOT Fannie Mae,a/k/a Federal National Mortgage Association 24 38, 39,40 C-8 Hello