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Home My WebLink About20030317.tiff RESOLUTION RE: DENY PETITION FOR ABATEMENT OR REFUND OF TAXES -WALSH PRODUCTION, INC. 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, the Board of County Commissioners of Weld County, State of Colorado, at a duly and lawfully called regular meeting held on the 3rd day of February, 2003, at which meeting there were present the following members: Chair David E. Long and Commissioners M. J. Geile, Robert D. Masden, and Glenn Vaad, with Commissioner William H. Jerke being excused, and WHEREAS, notice of such meeting and an opportunity to be present has been given to the taxpayer and the Assessor of said County, and said Assessor, Stan Sessions, being represented by Mary Hazen, and taxpayer Walsh Production, Inc., do Logan and Firmine, Inc., being present, and WHEREAS, the Board of County Commissioners have carefully considered the attached petition, and are fully advised in relation thereto. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the Board concurs with the recommendation of the assessor and the petition be and hereby is, denied, and an abatement refund not be allowed as follows: ASSESSED TOTAL TAX VALUATION TAX AMOUNT YEAR $395,630.00 $23,884.94 2001 2003-0317 AS0054 TAX ABATEMENT PETITION -WALSH PRODUCTION, INC. PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 3rd day of February, A.D., 2003. BO D OF COUNTY COMMISSIONERS /�� WE OUN Y, COLO DO ATTEST: idle ;,, '�P D id E. Long, Chair Weld CouZt0f Robert D. asden, P -Tem BY: • Deputy Clerk to the"at 4 "� ��//�� M. . Geile P-PRC5V ASTOFO' - . ` i v Willia . Jerke Gle n Vaad —3 Date of signature: 2003-0317 AS0054 PETITION FOR ABATEMENT OR REFUND OF TAXES Please submit In duplicate copies and answer all questions. County Name Weld Date Received x003.334f Use Assessor's or Commissioners'Date Stamp RECE .C PETITIONER: Complete Section Ion this side only Section I: °LL c 7 "t ,1 Date: Dec. 23 2002 WELD COUNTY ASSESSOR Month Day Year Greeley, Colorado Petitioner'sName: Walsh Production, Inc. Petitioner'smailingaddress: c/o Logan & Firmine, Inc. 333 W. Hampden Ave. , Suite 740 Englewood CO 80110 City or Town State Zip Code SCHEDULE OR PARCEL NUMBERS) PROPERTY ADDRESS OR LEGAL DESCRIPTION OF PROPERTY See Attached Schedules Various Petitioner states that the taxes assessed against the above property for property tax year(s) 2001 are incorrect for the following reasons: (Briefly describe the circumstances surrounding the incorrect value or tax. (The petitioner's estimate of actual value must be Included.) Attach additional sheets if necessary. The 2001 Oil and Gas Returns for Walsh Production, Inc. did not take allowable deductions. Assessed Value Tax Original 5,604,420 $337,555.00 Corrected 5,208,790 313,670.06 Abate/Refund 395,630 23,884.94 Assessed Value 5,208,790 Petitioners estimate of actual value$ 6,494,642 (2001.)and $ C—) Value Year Value Year Petitioner requests an abatement or refund of the appropriate taxes associated with a reduction in value. I declare, under penalty of perjury in the second degree,that this petition, together with any accompanying exhibits or statements,has been examined by me, and to the best of my knowledge, information and belief, is true,correct and complete. Walsh Production, Inc. Daytime Phone Number 070) 522-1839 Petitioner's Signature By Richard D. Logan ✓, V/l' in- Daytime Phone Number(303) 761-8260 Agent's Signature' / i L *Letter of agency must be attached w en petition Is submitted. Every petition for abatement or refund filed pursuant to section 39-10-114, C.R.S.,shall be acted upon pursuant to the provisions of this section by the board of county commissioners or the assessor,as appropriate,within six months of the date of filing such petition. 39-1-113(1.7), C.R.S. Section II: Assessor's Use Only Tax Year Tax Year Assessed Value Tax Assessed Value Tax Original Corrected Abate/Refund 2003-0317 (FOR ASSESSORS AND COUNTY COMMISSIONERS USE ONLY) RESOLUTION OF COUNTY COMMISSIONERS Resolution No. Section I: In accordance with 39-1-113(1.5),C.R.S.,the commissioners of County authorize eheassessor to review petitions for abatement or refund and to settle by written mutual agreement any such petition for abatement or refund in an amount of one thousand dollars or less per tract, parcel,or lot of land or per schedule of personal property. The assessor and petitioner mutually agree to an assessed value and tax abatemenVrefund of: Tax Year Tax Year Assessed Value Tax Assessed Value Tax Original Corrected Abate/Refund PLEASE NOTE:THE TOTAL TAX AMOUNT DOES NOT INCLUDE ACCRUED INTEREST, PENALTIES,AND FEES ASSOCIATED WITH LATE AND/OR DELINQUENT TAX PAYMENTS, IF APPLICABLE. PLEASE CONTACT YOUR COUNTY TREASURER FOR FULL PAYMENT INFORMATION. Petitioners Signature Date Assessors or Deputy Assessor's Signature Date If Section I Is not complete and/or if petition is for more than$1,000, Section II must be completed. Submit an original petition and a copy to the Division of Property Taxation. Section II: Assessor's recommendation: ❑ Approved or 0 Approved in part$ No protest filed in or . (If a protest was filed, please attach a copy of NOD.) 6nied for the following reason(s): Asses Deputy Anse ors Seatu Section III: WHEREAS,The County Commissioners of County, State of Colorado,at a duly and lawfully called regular meeting held on / / . at which meeting there were present the following mo day yr members: with notice of such meeting and an opportunity to be present having been given to the taxpayer and the Assessor of said County and Assessor (being present/not present)and Name petitioner (being present/not present),and WHEREAS,The said Name County Commissioners have carefully considered the within petition,and are fully advised in relation thereto, NOW BE IT RESOLVED,That the Board (agrees/does not agree)with the recommendation of the assessor and the petition be (approved/denied)and an abatement/refund be(approved/denied)for property tax year(s) and . The taxes to be abated/refunded for property tax year are$ which represents an assessed value of$ and the taxes to be abated/refunded for property tax year are$ which represents an assessed value of$ Chairperson of the Board of County Commissioners'Signature County Clerk and Ex-officio Clerk of the Board of County Commissioners in and for the aforementioned county, do hereby certify that the above and foregoing order is truly copied from the record of the proceedings of the Board of County Commissioners. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said County at .this day of Time Date Month Year County Clerk's or Deputy County Clerk's Signature ACTION OF THE PROPERTY TAX ADMINISTRATOR Denver, Colorado, Month Day Year The action of the Board of County Commissioners, relative to the within petition, Is hereby 0 Approved; 0 Approved in part$ ; 0 Denied for the following reason(s): OA SR\\ABBATE\FgORMREV2 Property Tax Administrators Signature UNITED STATE EXPLORATION,INC. PETITION FOR REFUND OF TAXES-2001 TAXES(2000 PRODUCTION YEAR) Original Abate.! Assessed Assessed Refund Balance Direct Return on Return of Value of Production Assessed Abate.! Assessed Operating Investment Investment Total Allowable Exempt Royalty Assessment Allowable Production Schedule No. Well Name County Value Original Tax Value Refund Tax Value Balance Tax Expenses (ROI) (Rofl) Deduction 95%Limitation Deductions Percentage Ratio Deduction Tax Refund Tax District Tax Rate 01400095 Lilli Field Unit 8-9 Weld 50,890 3,051.66 5.360 321.42 45,530 2,730.24 6,871 283 470 7,624 68,704 7,624 6.17662% 0.7500 5360 321.42 1102 0.059966 01500095 Lilt Field Unit 9-9 Weld 50,890 3.051.66 5,360 321.42 45,530 2,730.24 6,871 283 470 7,624 68.704 7,624 6.17662% 01500 5360 321.42 1102 0.059966 01700095 Ulli Field Unit 14-3 Weld 50,890 3,051.66 4,930 295.63 45.960 2,756.03 6,871 54 88 7,013 68,704 7,013 6.17662% 0.7500 4930 29563 1102 0.059966 01600095 Lilli Field Unit 14-10 Weld 50,890 3,051.66 5,640 338.21 45,250 2,713.45 6,871 476 674 8.021 68,704 8,021 6.17662% 0.7500 5640 338.21 1102 0.059966 01900095 Lilli Field Unit 4-7 Weld 50.890 3,051.66 5.340 320.22 45,550 2,731.44 6,871 289 433 7,593 68,704 7,593 6.17662% 0.7500 5340 320.22 1102 0.059966 O2000095 Lilli Field Unit 6-7 Weld 50,890 3,051.66 5.340 320.22 45,550 2,73144 6,871 289 433 7,593 68.704 7,593 6.17662% 0.7500 5340 320.22 1102 0.059966 O2300095 Ulli Field Unit 4-9 Weld 50,890 3,051.66 6,070 363.99 44,820 2,687.67 6,871 698 1,061 8,630 68,704 8,630 6.17662% 0.7500 6070 363.99 1102 0.059966 O2400095 Lilli Field Unit 6-9 Weld 50,890 3.051.66 5,420 325.02 45,470 2,726.64 6,871 321 512 7,705 68,704 7,705 6.17662% 0.7500 5420 325.02 1102 0.059966 O2700095 Lilli Field Unit 7-10 Weld 50,890 3,051.66 5,190 311.22 45.700 2,740.44 6,871 206 293 7,370 68,704 7.370 6.17662% 0.7500 5190 311.22 1102 0.059966 02900095 Lilli Field Unit 3-15 Weld 50,890 3.051.66 5,430 325.62 45,460 2,726.04 6,871 325 526 7,722 68,704 7,722 6.17662% 0.7500 5430 325.62 1102 0.059966 O3000095 Ulli Reid Unit 16-7 Weld 50,890 3,051.66 5.510 33041 45.380 2,721.25 6,871 143 817 7,831 68,704 7,831 6.17662% 0.7500 5510 330.41 1102 0.059966 O3300095 Lilt Field Unit 8-1 Weld 50,890 3,051.66 9.380 562.48 41,510 2,489.18 6,871 1,135 5,321 13.326 68,704 13.326 6.17662% 0.7500 9380 562.48 1102 0.059966 O3400095 Ulli Field Unit 6-1 Weld 50,890 3,051.66 8,030 481.53 42,860 2.570.13 6.871 677 3,862 11,410 68,704 11.410 617662% 0.7500 8030 481.53 1102 0.059966 O3500095 Lilli Field Unit 2-7 Weld 50,890 3,051.66 5,100 305.83 45,790 2.745.83 6.871 133 246 7,250 68,704 7,250 6.17662% 0.7500 5100 305.83 1102 0.059966 O3600095 Lilli Field Unit 2-8 Weld 50,890 3.051.66 5.840 350.20 45,050 2.701.46 6,871 532 897 8,300 68,704 8,300 6.17662% 0.7500 5840 35020 1102 0.059966 O3700095 Lilli Field Unit 4-17 Weld 50,890 3,051.66 5.400 323.82 45,490 2,727.84 6.871 318 483 7,672 68,704 7.672 6.17662% 01500 5400 323.82 1102 0.059966 O3800095 Lilli Field Unit 8-7Weld 50,890 3.051.66 5,100 305.83 45.790 2.745.83 6,871 133 246 7,250 68.704 7,250 6.17662% 0.7500 5100 305.83 1102 0.059966 O4000095 Ulli Field Unit 10-2 Weld 50,890 3,05166 5,040 302.23 45.850 2,749.43 6,871 120 171 7,162 68,704 7,162 6.17662% 0.7500 5040 302.23 1102 0.059966 04100095 Lilli Field Unit 16-3 Weld 50,890 3,051.66 5.100 305.83 45.790 2.745.83 6,871 153 218 7,242 68,704 7,242 6.17662% 0.7500 5100 305.83 1102 0.059966 O4200095 Lilli Reld Unit 14-6 Weld 50,890 3,051.66 4.830 289.64 46,060 2,762.02 6,871 0 0 6.871 68,704 6.871 6.17662% 0.7500 4830 289.64 1102 0.059966 O4400095 Ulli Field Unit 6-6 Weld 50,890 3,051.66 5,650 338.81 45.240 2,712.85 6.871 438 715 8,024 68.704 8.024 6.17662% 0.7500 5650 338.81 1102 0.059966 04500095 Ulli Field Unit 12-6 Weld 50.890 3,051.66 5,650 338.81 45.240 2,712.85 6.871 438 715 8,024 68,704 8.024 6.17662% 0.7500 5650 338.81 1102 0.059966 04600095 Lilli Field Unit 2-11 Weld 50,890 3,051.66 5,400 323.82 45,490 2.727.84 6.871 325 476 7.672 68,704 7,672 6.17662% 0.7500 5400 323.82 1102 0.059966 04700095 Lilli Field Unit 5-11 Weld 50890 3.051.66 4.940 296.23 45,950 2,755.43 6,871 62 88 7,021 68,704 7,021 6.17662% 0.7500 4940 296.23 1102 0.059966 O5700095 Ulli Feld Unit 10-7 Weld 50,890 3.051.66 6.010 360.40 44,880 2,691.26 6,871 316 1,354 8,540 68,704 8,540 6.17662% 0.7500 6010 360.40 1102 0.059966 O5800095 Lilli Field Unit 12-7 Weld 50,890 3,051.66 6,010 360.40 44,880 2,691.26 6.871 316 1,354 8,540 68,704 8,540 6.17662% 0.7500 6010 360.40 1102 0.059966 O5900095 Lilli Field Unit 14-7 Weld 50,890 3,051.66 6.010 360.40 44.880 2.691.26 6,871 316 1,354 8,540 68,704 8.540 6.17662% 0.7500 6010 360.40 1102 0.059966 O6000095 Lilli Field Unit 10-1 Weld 50,890 3,051.66 5,650 338.81 45,240 2.712.85 6,871 398 756 8.025 68,704 8.025 6.17662% 0.7500 5650 338.81 1102 0.059966 06100095 Lilli Field Unit 16-1 Weld 50,890 3,051.66 5.650 338.81 45,240 2.71285 6.871 398 756 8,025 68.704 8.025 6.17662% 0.7500 5650 338.81 1102 0.059966 O2600095 Lilli Field Unit 5-2 Weld 50,890 3.051.66 4,830 289.64 46,060 2,762.02 6.871 0 0 6,871 68,704 6,871 6.17662% 0.7500 4830 289.64 1102 0.059966 01300095 Lilli Field Unit 6-3 Weld 50,890 3.051.66 5,400 323.82 45,490 2,727.84 6,871 334 476 7,681 68,704 7,681 6.17662% 0.7500 5400 323.82 1102 0.059966 01800095 Uti Field Unit 15-10 Weld 50,890 3,051.66 5,490 329.21 45.400 2,722.45 6,871 407 527 7,805 68,704 7,805 6.17662% 0.7500 5490 329.21 1102 0.059966 O4900095 Lilt Field Unit 10-6 Weld 50,890 3,051.66 5,580 334.61 45.310 2,717.05 6,871 389 672 7,932 68.704 7,932 6.17662% 0.7500 5580 334.61 1102 0.059966 O5000095 Lilt Field Unit 166 Weld 50,890 3,051.66 5,580 334.61 45,310 2,717.05 6,871 389 672 7,932 68,704 7,932 6.17662% 0.7500 5580 334.61 1102 0.059966 Page 2 of 4 UNITED STATE EXPLORATION,INC. PETITION FOR REFUND OF TAXES•2001 TAXES(2000 PRODUCTION YEAR) Original Abate.! Assessed Assessed Refund Balance Direct Return on Return of Value of Production Assessed Abate.! Assessed Operating Investment Investment Total Allowable Exempt Royalty Assessment Allowable Production Schedule No. Well Name County Value Original Tax Value Refund Tax Value Balance Tax Expenses (ROI) (Rog) Deduction 95%Limitation Deductions Percentage Ratio Deduction Tax Refund Tax District Tax Rate 05100095 Lilli Field Unit 6-8A Weld 50,890 3,051.66 5,290 317.22 45,600 2,734.44 6.871 247 403 7.521 68,704 7,521 6.17662% 0.7500 5290 317.22 1102 0.059966 O5300095 Lilli Field Unit2-12 Weld 50,890 3,051.66 5,350 320.82 45.540 2,730.84 6,871 301 424 7,596 68,704 7,596 6.17662% 0.7500 5350 320.82 1102 0.059966 O5400095 JIli Field Unit6-12 Weld 50,890 3,051.66 5,350 320.82 45.540 2,730.84 6,871 301 424 7.596 68,704 7,596 6.17662% 0.7500 5350 320.82 1102 0.059966 05500095 Ulli Field Unit 8-12 Weld 0 0.00 0 0.00 0 0.00 0 301 424 726 0 0 6.17662% 0.7500 0 0.00 1102 0.059966 O5600095 Lilli Field Unit 10-12 Weld 50,890 3.051.66 5.350 320.82 45,540 2,730.84 6,871 301 424 7.596 68,704 7,596, 6.17662% 0.7500 5350 320.82 1102 0.059966 O5200095 Ulli Field Unit 14-34 Weld 50,890 3.051.66 5,250 314.82 45,640 2,736.84 6,871 245 349 7,465 68.704 7,465 6.17662% 0.7500 5250 314.82 1102 0.059966 O4800095 Ulli Field Unit 14-8 Weld 50.890 3.051.66 5,000 299.83 45,890 2,751.83 6,871 91 148 7.109 68.704 7,109 6.17662% 0.7500 5000 299.83 1102 0.059966 01896001 Wade 2-29 Weld 280.920 16.845.64 7,830 469.53 273,090 16.37611 9.974 223 247 10,444 355,832 10,444 0.00000% 0.7500 7830 469.53 2430 0.059966 01896101 Wade7-29 Weld 280.920 16,845.64 7,830 469.53 273,090 16,376.11 9,974 223 247 10,444 355,832 10.444 0.00000% 0.7500 7830 469.53 2430 0.059966 O Wade 2-29 and 7-29 Tank Battery Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 2430 0059966 O Lilli Field Tank Battery NA Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O Lilli Field Tank Battery H-6 Weld 0, 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 08100095 Lilli Field Tank Battery M-8 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O8300095 Lilli Field Tank Battery 0-9 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O Ulli Field Tank Battery H-15 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O9200095 Ulli Field Tank Battery D-17 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O Lilli Field Tank Battery B-18 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0059552 O7400095 Lilli Field Tank Battery N-6 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O6200095 Lilli Field Tank Battery I-1 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O6300095 Ulli Field Tank BatteryJ-1 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O6400095 Lilli Field Tank Battery P-1 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O6600095 Ulli Field Tank Battery J-2 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O6700095 Lilli Field Tank Battery G-3 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O6800095 Lilli Field Tank Battery P-3 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O7000095 Ulli Field Tank Battery N-5 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552_ 07100095 Lilli Field Tank Battery 0-5 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O7300095 Lilli Field Tank Battery L-6 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O7500095 Ulli Field Tank Battery P-6 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O7600095 Ulli Field Tank Battery B-7 Weld 0 000 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O7700095 Lilli Field Tank Battery C-7 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0,7500 0 0.00 1100 0.059552 O7800095 Dili Field Tank Battery D-7 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O7900095 Lilli Field Tank Battery P-7 Weld 0 0.00 0 0.00 0 000 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O8000095 Ulli Field Tank Battery B8 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O8200095 Ulli Field Tank Battery C-9 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 Page 3 of 4 UNITED STATE EXPLORATION,INC. PETITION FOR REFUND OF TAXES-2001 TAXES(2000 PRODUCTION YEAR) Original Abate./ Assessed Assessed Refund Balance Direct Return on Return of Value of Production Assessed Abate./ Assessed Operating Investment Investment Total Allowable Exempt Royalty Assessment Allowable Production Schedule No. Well Name County Value Original Tax Value Refund Tax Value Balance Tax Expenses (ROI) (Roll) Deduction 95%Limitation Deductions Percentage Ratio Deduction Tax Refund Tax District Tax Rate O8400095 Ulli Field Tank Battery C-10 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0,7500 0 0.00 1100 0.059552 O8500095 Ulli Field Tank Battery G-10 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O6800095 Ulli Field Tank Battery 0-10 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 08700095 Ulli Field Tank Battery B-11 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O8800095 Ulli Field Tank Battery D-11 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O8900095 Ulli Field Tank Battery G-12 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O9000095 Ulli Field Tank Battery C-15 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O9400095 Ulli Field Tank Battery N-34 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O9500095 Ulli Field Tank Battery P-34 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 TOTAL WELD COUNTY 5,604,420 337555.00 395630 23,884.94 5,208,790 313,670.06 463,810 27,826 51,276 542,913 6,878,420 538,010 395.630 23,884.94 Page 4 of 4 WALSH PRODUCTION,INC. 2000 Direct Operating Expenses DIRECT OPERATING EXPENSES Deductible TOTAL DIRECT Deductible Pumper Surface Repair and Administrative OPERATING Well Name County Expense Maintenance Chemicals Overhead EXPENSES Burbach 20-311 Weld 0 0 0 0 0 Delbert Castor 1 Weld 1,440 1,103 0 1,440 3,983 Al Croissant 1 Weld 1,440 2,039 218 1,440 5,137 4-8 Federal G Weld 2,257 3,507 0 2,880 8,643 Federal J 9-23 Weld 0 0 0 0 0 Federal J 15-23 Weld 1,359 1,604 11 2,112 5,086 Federal J 10-23 Weld 1,359 1,604 11 2,112 5,086 Federal J Tank Battery Weld 0 0 0 0 0 Josey 12-8 Weld 2,400 2,700 203 2,880 8,183 Lilli Codell 2-1 Weld 0 0 0 0 0 Mato 8-20 Weld 2,040 12,961 1,136 2,592 18,729 Mato 9-20 Weld 2,040 12,961 1,136 2,592 18,729 State 14-36 Weld 1,440 5,733 30 1,585 8,788 Susie 11-9 Weld 2,400 1,771 203 2,880 7,255 Weld Weitzel 5-33 Weld 1,440 1,210 206 2,496 5,352 Weld Weitzel 11-33 Weld 1,440 1,210 206 2,496 5,352 Lilli Field Unit 8-8 Gas Injection Well Weld 0 0 0 0 0 Ulli Field Unit 124 Gas Injection Well Weld 0 0 0 0 0 Ulli Field Unit 2-1 Shut-In Weld 0 0 0 0 0 Ulli Field Unit 14-5 Gas Injection Well Weld 0 0 0 0 0 Ulli Field Unit 8-6 Gas Injection Well Weld 0 0 0 0 0 Ulli Field Unit 2-18 Gas Injection Well Weld 0 0 0 0 0 Lilli Field Unit 4-6 Gas Injection Well Weld 0 0 0 0 0 Ulli Field Unit 4-18 Gas Injection Well Weld 0 0 0 0 0 UM Field Unit 7-3 Weld 1,966 2,082 272 2,551 6,871 Ulli Field Unit 16-34 Weld 1,966 2,082 272 2,551 6,871 Ulli Field Unit 4-8 Weld 1,966 2,082 272 2,551 6,871 Ulli Field Unit 12-5 Weld 1,966 2,082 272 2,551 6,871 Lilli Field Unit 14-4 Weld 1,966 2,082 272 2,551 6,871 Ulli Field Unit 15-5 Weld 1,966 2,082 272 2,551 6,871 Ulli Field Unit 16-5 Weld 1,966 2,082 272 2,551 6,871 Ulli Field Unit 12-12 Weld 1,966 2,082 272 2,551 6,871 Ulli Field Unit 16-12 Weld 1,966 2,082 272 2,551 6,871 Ulli Field Unit 3-10 Weld 1,966 2.082 272 2,551 6,871 Page 1 of 4 WALSH PRODUCTION,INC. 2000 Direct Operating Expenses DIRECT OPERATING EXPENSES Deductible TOTAL DIRECT Deductible Pumper Surface Repair and Administrative OPERATING Well Name County Expense Maintenance Chemicals Overhead EXPENSES Ulli Field Unit 8-9 Weld 1,966 2,082 272 2,551 6,871 Ulli Field Unit 9-9 Weld 1,966 2,082 272 2,551 6,871 Ulli Field Unit 14-3 Weld 1,966 2,082 272 2,551 6,871 Ulli Field Unit 14-10 Weld 1,966 2,082 272 2,551 6,871 Ulli Field Unit 4-7 Weld 1,966 2,082 272 2,551 6.871 Ulli Field Unit 6-7 Weld 1,966 2,082 272 2,551 6.871 Ulli Field Unit 4-9 Weld 1,966 2,082 272 2,551 6,871 Ulli Field Unit 6-9 Weld 1,966 2,082 272 2,551 6,871 Lilli Field Unit 1-10 Weld 1,966 2,082 272 2,551 6,871 Lilli Field Unit 3-15 Weld 1,966 2,082 272 2,551 6,871 Ulli Field Unit 16-7 Weld 1,966 2,082 272 2,551 6,871 Lilli Field Unit 8-1 Weld 1,966 2,082 272 2,551 6,871 Ulli Field Unit 6-1 Weld 1,966 2,082 272 2,551 6.871 Ulli Field Unit 2-7 Weld 1,966 2,082 272 2.551 6.871 Ulli Field Unit 2-8 Weld 1,966 2.082 272 2,551 6.871 Lilli Field Unit 4-17 Weld 1,966 2,082 272 2,551 6,871 Ulli Field Unit 8-7 Weld 1,966 2,082 272 2,551 6,871 Lilli Field Unit 10-2 Weld 1,966 2.082 272 2,551 6,871 Lilli Field Unit 16-3 Weld 1,966 2,082 272 2,551 6,871 Lilll Field Unit 144 Weld 1,966 2,082 272 2,551 6,871 Lilli Field Unit 6-6 Weld 1,966 2,082 272 2,551 6.871 Lilli Field Unit 124 Weld 1,966 2,082 272 2.551 6.871 Lilli Field Unit 2-11 Weld 1,966 2,082 272 2,551 6.871 Lilli Field Unit 5-11 Weld 1,966 2,082 272 2,551 6,871 Ulli Field Unit 10-7 Weld 1,966 2,082 272 2,551 6,871 Lilli Field Unit 12-7 Weld 1,966 2.082 272 2,551 6,871 Lilli Field Unit 14-7 Weld 1,966 2,082 272 2,551 6,871 Lilli Field Unit 10-1 Weld 1,966 2,082 272 2,551 6,871 Litli Field Unit 16-1 Weld 1,966 2,082 272 2,551 6.871 Lilli Field Unit 5-2 Weld 1,966 2.082 272 2,551 6.871 Lilli Field Unit 6-3 Weld 1,966 2.082 272 2.551 6.871 Lilli Field Unit 15-10 Weld 1,966 2,082 272 2,551 6,871 Lilli Field Unit 104 Weld 1,966 2,082 272 2,551 6,871 Lilli Field Unit 164 Weld 1,966 2,082 272 2,551 6,871 Page 2 of 4 • WALSH PRODUCTION,INC. 2000 Direct Operating Expenses DIRECT OPERATING EXPENSES Deductible TOTAL DIRECT Deductible Pumper Surface Repair and Administrative OPERATING Well Name County Expense Maintenance Chemicals Overhead EXPENSES Lilli Field Unit 6-8A Weld 1,966 2,082 272 2,551 6,871 Lilli Field Unit 2-12 Weld 1,966 2,082 272 2,551 6,871 Lilli Field Unit 6-12 Weld 1,966 2,082 272 2,551 6,871 Lilli Field Unit 8-12 Weld 0 0 0 0 0 Lilli Field Unit 10-12 Weld 1,966 2,082 272 2,551 6,871 Lilli Field Unit 14-34 Weld 1,966 2,082 272 2,551 6.871 Lilli Field Unit 14-8 Weld 1,966 2,082 272 2,551 6,871 Wade 2-29 Weld 960 6,685 1,177 1,152 9,974 Wade 7-29 Weld 960 6,685 1,177 1,152 9,974 Wade 2-29 and 7-29 Tank Battery Weld 0 0 0 0 0 LiIli Field Tank Battery N-4 Weld 0 0 0 0 0 LiIli Field Tank Battery H-6 Weld 0 0 0 0 0 Lilli Field Tank Battery M-8 Weld 0 0 0 0 0 Lilli Field Tank Battery D-9 Weld 0 0 0 0 0 Lilli Field Tank Battery H-15 Weld 0 0 0 0 0 Lilli Field Tank Battery D-17 Weld 0 0 0 0 0 Lilli Field Tank Battery 6-18 Weld 0 0 0 0 0 Lilli Field Tank Battery N-6 Weld 0 0 0 0 0 Lilli Field Tank Battery I-1 Weld 0 0 0 0 0 Lilli Field Tank Battery J-1 Weld 0 0 0 0, 0 Lilli Field Tank Battery P-1 Weld 0 0 0 0 0 Lilli Field Tank Battery J-2 Weld 0 0 0 0 0 Lilli Field Tank Battery G3 Weld 0 0 0 0 0 Ulli Field Tank Battery P-3 Weld 0 0 0 0 0 Ulli Field Tank Battery NS Weld 0 0 0 0 0 Ulli Field Tank Battery O-5 Weld 0 0 0 0 0 Lilli Field Tank Battery 1-6 Weld 0 0 0 0 0 Lilli Field Tank Battery P-6 Weld 0 0 0 0 0 Lilli Field Tank Battery B-7 Weld 0 0 0 0 0 Ulli Field Tank Battery C-7 Weld 0 0 0 0 0 Lilli Field Tank Battery D-7 Weld 0 0 0 0 0 Ulli Field Tank Battery P-7 Weld 0 0 0 0 0 Ulli Field Tank Battery B6 Weld 0 0 0 0 0 IdIli Field Tank Battery C-9 Weld 0 0 0 0 0 Page 3 0(4 UNITED STATE EXPLORATION.INC. PETITION FOR REFUND OF TAXES-2001 TAXES(2000 PRODUCTION YEAR) Original Abate./ Assessed Assessed Refund Balance Direct Return on Return of Value of Production Assessed Abate./ Assessed Operating Investment Investment Total Allowable Exempt Royalty Assessment Allowable Production Schedule No. Well Name County Value Original Tax Value Refund Tax Value Balance Tax Expenses (ROI) (Rog) Deduction 95%Limitation Deductions Percentage Ratio Deduction Tax Refund Tax District Tax Rate — O0266095 Burbach 20-3H Weld 0 0.00 0 0.00 0 0.00 0 46 102 149 0 0 0.00000% 0.8750 0 0.00 1204 0.073224 00529586 Delbert Castor Weld 15,030 901.28 3,730 223.67 11,300 677.61 3,983 97 185 4,266 16,318 4,266 0.00000% 0.8750 3730 223.67 1102 0059966 00529786 Al Croissant 1 Weld 27,950 1,676.04 4,740 284.24 23.210 1,391.80 5,137 97 185 5,420 30,346 5,420 0.00000% 0.8750 4740 284.24 1102 0.059966 00104090 4-8 Federal G Weld 20,910 1,253.88 10,860 651.23 10,050 602.65 8,643 1,128 3,219 12,990 23,772 12,990 4.50000% 0.8750 10860 651.23 1102 0.059966 01816701 Federal J 9-23 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 10.90000% 0.7500 0 0.00 1007 0.051415 00104290 FederalJ15-23 Weld 18.680 960.44 4,240 218.00 14,440 742.44 5,086 307 955 6,348 26,556 6,348 10.90000% 0,7500 4240 218.00 1007 0051415 01816801 Federal J 10-23 Weld 18,680 960.44 4,150 213.37 14,530 747.07 5,086 269 862 6,217 26,556 6,217 10.90000% 0.7500 4150 213.37 1007 0.051415 00104290 Federal J Tank Battery Weld 0 0.00 0 0.00 0 0.00, 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1007 0.051415 00170388 Josey 12-8 Weld 119,750 8,768.58 8,400 615.08 111,350 8,153.50 8,183 586 836 9,605 130,014 9,605 0.00000% 0.8750 8400 615.08 1204 0.073224 01352698 Ulli Codell 2-1 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 11.13418% 0.8750 0 000 1102 0.059966 01723000 Maio 8-20 Weld 1,106,480 66,351.18 16,390 982.84 1,090,090 65,368.34 18,729 0 0 18,729 1,201,321 18.729 0.00000% 0.8750 16390 982.84 1102 0.059966 01249298 Malo9-20 Weld 1,106,480 66,351.18 28,820 1,728.22 1,077,660 64,622.96 18,729 6,773 7,434 32,937- 1,201,321 32,937 0.00000% 0.8750 28820 1,728.22 1102 0.059966 01474699 State 14-36 Weld 6,630 508.02 6.300 482.72 330 25.30 8,788 1,777 1,690 12.255 8.227 8,227 12.50000% 0.8750 6300 482.72 2497 0.076623 00174688 Susie 11-9 Weld 27,230 1,993.88 7.330 536.73 19,900 1,457.15 7,255 463 661 8,379 29,564 8,379 0.00000% 0.8750 7330 536.73 1204 0.073224 01816901 Weld Weitzel 5-33 Weld 15,130 777.90 4,810 247.31 10,320 530.59 5,352 256 669 6,277 18,774 6,277 12.50000% 0.8750 4810 247.31 1007 0.051415 00102990 Weld Weitzel 11-33 Weld 15,130 777.90 4,680 240.62 10,450 537.28 5,352 221 536 6,109 18,774 6,109 12.50000% 0.8750 4680 240.62 1007 0.051415 O3900095 Ulli Field Unit 8-8 Gas Injection Well Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O0600095 Lilli Field Unit 12-4 Gas Injection Well Weld 0 0.00 0 0.00 0 0.00 0 0 0 0_ 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O3200095 Ulli Field Unit 2-1 Shut-In Weld 0 0.00 0 0.00 0 0.00 0 0 0 0_ 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O0500095 Ulli Field Unit 14-5 Gas Injection Well Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 02100095 Ulli Field Unit 8-6 Gas Injection Well Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O2500095 Lilli Field Unit 2-18 Gas Injection Well Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O4300095 Lilli Field Unit 4-6 Gas Injection Well Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 03100095 Ulli Field Unit 4-18 Gas Injection Well Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O0000095 Ulli Field Unit 7-3 Weld 50,890 3,051.66 5,370 322.02 45,520 2,729.64 6,871 315 449 7,635 68,704 7.635 6.17662% 0.7500 5370 322.02 1102 0.059966 00200095 Ulli Field Unit 16-34 Weld 50,890 3,051.66 5,250 314.82 45,640 2,736.84 6.871 245 349 7,465_ 68,704 7.465 6.17662% 0.7500 5250 314.82_ 1102 0.059966 00300095 Ulli Field Unit 4-3 Weld 50,890 3,051.66 5,510 330.41 45,380 2.721.25 6,871 397 567 7,835_ 68,704 7,835 6.17662% 0.7500 5510 330.41 1102 0.059966 O0400095 Lilli Field Unit 12-5 Weld 50,890 3,051.66 5,510 330.41 45,380 2,721.25 6,871 397 567 7,835_ 68,704 7,835 6.17662% 0.7500 5510 330.41 1102 0.059966 O0700095 Ulli Field Unit 14-4 Weld 50,890 3,051 66 5,530 331.61 45,360 2,720.05 6,871 377 615 7,864 68,704 7.864 6.17662% 0.7500 5530 331.61 1102 0.059966 O0800095 Ulli Field Unit 15-5 Weld 50,890 3.051 66 5,240 314.22 45,650 2,737.44 6,871 230 349 7,450 68,704 7,450 6.17662% 0.7500 5240 314.22 1102 0.059966 O0900095 Ulli Field Unit 16-5 Weld 50,890 3,051.66 5,240 314.22 45,650 2,737.44 6,871 230 349 7,450 68,704 7,450 6.17662% 0.7500 5240 314.22 1102 0.059966 01000095 Ulli Field Unit 12-12 Weld 50,890 3,051.66 4,830 289.64 46,060 2,762.02 6,871 0 0 6,871 68,704 6,871 6.17662% 0.7500 4830 289.64 1102 0.059966 01100095 Lilli Field Unit 16-12 Weld 50,890 3,051.66 4,830 289.64 46,060 2,762.02 6,871 0 0 6,871 68,704 6.871 6.17662% 0.7500 4830 289.64 1102 0.059966 01200095 Ulli Field Unit 3-10 Weld 50,890 3,051 66 5,360 321.42 45,530 2,730.24 6,871 283 470 7,624 68.704 7,624 6.17662% 0.7500 5360 321.42, 1102 0.059966 Page 1 of 4 WALSH PRODUCTION,INC. 2000 Direct Operating Expenses DIRECT OPERATING EXPENSES Deductible TOTAL DIRECT Deductible Pumper Surface Repair and Administrative OPERATING Well Name County Expense Maintenance Chemicals Overhead EXPENSES Lilli Field Tank Battery C-10 Weld 0 0 0 0 0 Lilli Field Tank Battery G-10 Weld 0 0 0 0 0 Lilli Field Tank Battery O-10 Weld 0 0 0 0 0 Ulli Field Tank Battery B-11 Weld 0 0 0 0 0 Lilli Field Tank Battery D-11 Weld 0 0 0 0 0 Ulli Field Tank Battery O-12 Weld 0 0 0 0 0 Lilli Field Tank Battery C-15 Weld 0 0 0 0 0 Lilli Field Tank Battery N-34 Weld 0 0 0 0 0 Lilli Field Tank Battery P-34 Weld 0 0 0 0 0 TOTAL WELD COUNTY 121,282 165.873 19,322 157,334 463,810 Page 4 of 4 WALSH PRODUCTION.INC. HISTORICAL COST HISTORICAL DETAIL COST BY CATEGORY PRODUCTION RECYCLE GAS BOOSTER HEATER VACUUM TOTAL Well Name County WELLHEAD UNIT FLOWLINES TANKS PUMP COMPRESSOR SEPARATOR TREATER PUMPS METER RUN COSTS Burbach 20-3H Weld 0 0 0 1,000 429 0 0 0 0 0 1,429 Delbert Castor 1 Weld 0 0 0 0 0 0 0 2,593 0 989 3,582 Al Croissant 1 Weld 0 0 0 3,362 0 0 0 2,593 0 1,006 6,961 4-8 Federal G Weld 0 0 30,784 6,816 449 0 2,371 4,641 0 0 45,062 Federal J 9-23 Weld 0 0 0 0 0 0 0 0 0 0 0 Federal J 15-23 Weld 0 0 6,647 2,247 0 0 4,478 0 0 0 13,373 Federal J10-23 Weld 0 0 6,717 5,354 0 0 0 0 0 0 12,071 Federal J Tank Battery Weld 0 0 0 0 0 0 0 0 0 0 0 Josey 12-8 Weld 0 0 0 4,500 360 0 2,340 4,500 0 0 11,700 Lilli Codell 2-1 Weld 0 0 0 0 0 0 0 0 0 0 0 Mato 8-20 Weld 0 0 0 0 0 0 0 0 0 0 0 Malo9-20 Weld 0 0 67.706 27,561 329 0 3,000 5,477 0 0 104,073 State 14-36 Weld 0 0 20,099 6,480 0 0 0 0 0 0 26,579 Susie 11-9 Weld 0 0 0 3,750 0 0 1,250 3,750 0 500 9,250 Weld Weitzel 5-33 Weld 0 0 5,302 2,207 0 0 0 1,862 0 0 9,370 Weld Weitzel 11-33 Weld 0 0 5,302 2,207 0 0 0 0 0 0 7,508 Lilt Field Unit 8-8 Gas Injection Well Weld 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 12-4 Gas Injection We Weld 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 2-1 Shut-In Weld 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Unit 14-5 Gas Injection We Weld 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 86 Gas Injection Well Weld 0 0 0 0 0 0 0 0 0 0 0 Lille Field Unit 2-18 Gas Injection We Weld 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 46 Gas Injection Well Weld 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 4-18 Gas Injection We Weld 0 0 0 0 0 0 0 0 0 0 0 _ Lilli Field Unit 7-3 Weld 0 0 0 2,037 0 0 1,018 3,237 0 0 6,292 W li Field Unit 16-34 Weld 0 0 0 2,444 0 0 2,444 0 0 0 4,888 Lilli Field Unit 4-8 Weld 0 0 0 5,393 320 0 0 2,220 0 0 7,932 Lilli Field Unit 12-5 Weld 0 0 0 5,393 320 0 0 2,220 0 0 7,932 Lilli Field Unit 14-4 Weld 0 0 0 4,566 172 0 949 2,757 172 0 8,615 Lilli Field Unit 15-5 Weld 0 0 0 2,076 207 0 916 1,373 311, 0 4,884 Ulli Field Unit 16-5 Weld 0 0 0 2,076 207 0, 916 1,373 311 0 4,884 Lilli Field Unit 12-12 Weld 0 0 0 0 0 0, 0 0 0 0 0 Lilli Field Unit 16-12 Weld 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 3-10 Weld 0 0 0 1,628 0 0 1,061 821 3,071 0 6,580 Page 1 of 4 WALSH PRODUCTION,INC. HISTORICAL COST HISTORICAL DETAIL COST BY CATEGORY PRODUCTION RECYCLE GAS BOOSTER HEATER VACUUM TOTAL Well Name County WELLHEAD UNIT FLOWLINES TANKS PUMP COMPRESSOR SEPARATOR TREATER PUMPS METER RUN COSTS Lilli Field Unit 8-9 Weld 0 0 0 1,628 0 0 1,061 821 3,071 0 6,580 Lilli Field Unit 9-9 Weld 0 0 0 1,628 0 0 1,061 821 3,071 0 6,580 Lilli Field Unit 14-3 Weld 0 0 0 0 0 0 1.231 0 0 0 1,231 Lilli Field Unit 14-10 Weld 0 0 0 6.911 0 0 1.785 0 744 0 9,440 Lilli Field Unit 4-7 Weld 0 0 0 2.386 429 0 398 1,194 1,655 0 6.061 Lilli Field Unit 6-7 Weld 0 0 0 2,386 429 0 398 1,194 1,655 0 6.061 Lilli Field Unit4-9 Weld 0 0 0 9,123 116 0 452 1,433 3.728 0 14.853 Lilli Field Unit 6-9 Weld 0 0 0 1,701 341 0 851 3.149 1,133 0 7.175 Lilli Field Unit 7-10 Weld 0 0 0 2,876 0 0 1.233 0 0 0 4.109 Lilli Field Unit 3-15 Weld 0 0 0 3,819 0 0, 3,551 0 0 0 7,369 Lilli Field Unit 16-7 Weld 0 0 2,554 3,156 281 0 925 4,519 0 0 11,434 Lilli Field Unit 8-1 Weld 0 0 21.690 31,155 0 0 5,451 14,672 1,522 0 74.490 Lilli Field Unit 6-1 Weld 0 0 9.926 15,634 0 0 7,872 20,643 0 0 54,075 Lilli Field Unit 2-7 Weld 0 0 0 1,020 92 0 278 1,390 660 0 3,441 Lilli Field Unit 2-8 Weld 0 0 0 7,771 486 0 1,457 2,838 0 0 12,552 Lilli Field Unit 4-17 Weld 0 0 0 3,237 270 0 0 0 3,252 0 6,759 Lilli Field Unit 8-7 Weld 0 0 0 1,020 92 0 278 1,390 660 0 3,441 Lilli Field Unit 10-2 Weld 0 0 0 1,112 85 0 170 1,027 0 0 2,394 Lilli Field Unit 16-3 Weld 0 0 0 2,037 0 0, 1,018 0 0 0 3,055 Lilli Field Unit 146 Weld 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 6-6 Weld 0 0 0 2.598 288 0 578 2,309 4,232 0 10.005 Lilli Field Unit 12.6 Weld 0 0 0 2,598 288 0 578 2,309 4,232 0 10,005 Lilli Field Unit 2-11 Weld 0 0 0 5,208 0 0 1.459 0 0 0 6,666 Lilli Field Unit 5-11 Weld 0 0 0 977 0 0 257 0 0 0 1,234 Lilli Field Unit 10-7 Weld 0 0 8,716 3.302 70 0 1.639 2,717 2,508 0 18,951 Lilli Field Unit 12-7 Weld 0 0 8,716 3.302 70 0 1.639 2,717 2,508 0 18,951 Lilli Field Unit 14-7 Weld 0 0 8,716 3,302 70 0 1.639 2,717 2,508 0 18,951 Lilli Field Unit 10-1 Weld 0 0 0 5.295 352 0 1,412 3,529 0 0 10,588 Lilli Field Unit 16-1 Weld 0 0 0 5,295 352 0 1,412 3,529 0 0 10.588 Lilli Field Unit 5-2 Weld 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 6-3 Weld 0 0 0 3,999 0 0 2.666 0 0 0 6,665 Lilli Field Unit 15-10 Weld 0 0 0 3.316 0 0 0 3,499 562 0 7.378 Lilli Field Unit 10-6 Weld 0 0 0 4,775 337 0 649 1.846 1,805 0 9,412 Lilli Field Unit 16-6 Weld 0 0 0 4,775 337 0 649 1.846 1,805 0 9,412 Page 2 of 4 • WALSH PRODUCTION,INC. HISTORICAL COST HISTORICAL DETAIL COST BY CATEGORY PRODUCTION RECYCLE GAS BOOSTER HEATER VACUUM TOTAL Well Name County WELLHEAD UNIT FLOWLINES TANKS PUMP COMPRESSOR SEPARATOR TREATER PUMPS METER RUN COSTS Ulli Feld Unit 6-8A Weld 0 0 0 2,436 0 0 774 2,436 0 0 5,645 Ulli Feld Unit 2-12 Weld 0 0 0 4,384 88 0 0 788 676 0 5,936 Ulli Field Unit 6-12 Weld 0 0 0 4,384 88 0 0 788 676 0 5,936 Ulli Field Unit 8-12 Weld 0 0 0 4,384 88 0 0 788 676 0 5,936 U lli Field Unit 10-12 Weld 0 0 0 4,384 88 0 0 788 676 0 5,936 U8 Field Unit 14-34 Weld 0 0 0, 2,444 0 0 2,444 0 0 0 4,888 Ulli Field Unit 14-8 Weld 0 0 0 0 172 0 0 1,896 0 0 2,068 Wade 2-29 Weld 0 0 2,343 925 0 0 875 930 0 0 5,073 Wade 7-29 Weld 0 0 2,343 925 0 0 875 930 0 0 5,073 Wade 2-29 and 7-29 Tank Battery Weld 0 0 0 0 0 0 0 0 0 0 0 L illi Feld Tank Battery N- Weld 0 0 0 0 0 0 0 0 0 0 0 L illi Field Tank Battery H6 Weld 0 0 0 0 0 0 0 0 0 0 0 U lli Field Tank Battery M-8 Weld 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery D-9 Weld 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Tank Battery H-15 Weld 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Tank Battery D-17 Weld 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Tank Battery B-18 Weld 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery N6 Weld 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Tank Battery I-1 Weld 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery J-1 Weld 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery P-1 Weld 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Tank Battery J-2 Weld 0 0 0 0 0 0 0 0 0 0 0 Lill'Field Tank Battery G-3 Weld 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery P-3 Weld 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Tank Battery N-5 Weld 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Tank Battery O-5 Weld 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Tank Battery L6 Weld 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Tank Battery P6 Weld 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Tank Battery B-7 Weld 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Tank Battery C-7 Weld 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Tank Battery D-7 Weld 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Tank Battery P-7 Weld 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Tank Battery B-8 Weld 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Tank Battery C-9 Weld 0 0 0 0 0 0 0 0 0 0 0 Page 3 of 4 WALSH PRODUCTION,INC. HISTORICAL COST HISTORICAL DETAIL COST BY CATEGORY PRODUCTION RECYCLE GAS BOOSTER HEATER VACUUM TOTAL Well Name County WELLHEAD UNIT FLOWLINES TANKS PUMP COMPRESSOR SEPARATOR TREATER PUMPS METER RUN COSTS Lilli Field Tank Battery C-10 Weld 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Tank Battery G-10 Weld 0 0 0 0 0 0 0 0 0 0 0 ulli Field Tank Battery O-10 Weld 0 0 0 0 0 0 0 0 0 0 0 UM Field Tank Battery B-11 Weld 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery D-11 Weld 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery G-12 Weld 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery C-15 Weld 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery N-34 Weld 0 0 0 0 0 0 0 0 0 0 0 UM Field Tank Battery P-34 Weld 0 0 0 0 0 0 0 0 0 0 0 TOTAL WELD COUNTY 0 0 207,558 262,703 8,101 0 69.757 130,871 47,881 2,495 729.367 Page 4 of 4 HISTORICAL DETAIL COST BY YEAR Well Name County 1970 1972 1976 1979 1980 1981 1982 1983 1984 1986 1988 1989 1990 1991 1992 1993 1994 1995 1997 1998 1999 2000 TOTAL Burbach20-3H Weld 0 0 0 0 0 0 0 0 0 0 0 0 1,000 0 0 0 429 0 0 0 0 0 1,429 Delbert Castors Weld 0 0 0 0 0 989 0 0 0 0 0 0 0 0 2,593 0 0 0 0 0 0 0 3,582 Al Croissant Weld 0 0 0 0 4,368 0 0 0 0 0 0 0 0 0 2,593 0 0 0 0 0 0 0 6,961 4.8 Federal G Weld 0 0 0 0 0 0 0 0 0 0 0 0 45,062 0 0 0 0 0 0 0 0 0 45.062 Federal J 9-23 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal 15-23 Weld 0 0 0 0 0 0 0 0 0 0 2,247 0 11,126 0 0 0 0 0 0 0 0 0 13,373 Federal 10-23 Weld 0 0 0 0 0 0 0 0 0 0 0 5,354 6,717 0 0 0 0 0 0 0 0 0 12,071 Federal J Tank Battery Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Josey 12-8 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11,700 0 0 0 0 0 11,700 Lilt Codell 2-1 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mato 8-20 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Malo9-20 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10,731 3,000 0 0 87,341 3,000 0 0 104,073 State14-36 Weld 0 0 0 0 0 0 0 0 2,923 0 0 0 0 0 0 0 0 0 0 23,656 0 0 26,579 Susie 11-9 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9,250 0 0 0 0 0 9,250 Weld Weitzel 5-33 Weld 0 0 0 0 0 0 0 0 0 0 0 1,862 2,207 5,302 0 0 0 0 0 0 0 0 9,370 Weld Weitzel 11-33 Weld 0 0 0 0 0 0 0 0 0 0 0 0 2,207 5,302 0, 0 0 0 0 0 0 0 7,508 Lilli Field Unit 8-8 Gas Injection Well Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 12-4 Gas Injection We Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 2-1 Shut-In Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Unit 14-5 Gas Injection We Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Unit 85 Gas Injection Well Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Unit 2-18 Gas Injection We Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 4-6 Gas Injection Well Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilts Field Unit 4-18 Gas Injection We Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 _ Lilli Field Unit 7-3 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6.292 0 0 0 0 0 6,292 tlli Field Unit 16-34 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4,888 0 0 0 0 0 4,888 Ulli Field Unit 45 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7,932 0 0 0 0 0 7,932 Lilli Field Unit 125 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7,932 0 0 0 0 0 7,932 Litli Field Unit 14-4 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,615 0 0 0 0 0 0 8,615 Lilli Field Unit 155 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,289 2,595 0 0 0 0 0 4.884 Lilli Field Unit 165 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,289 2,595 0 0 0 0 0 4,884 Ulli Field Unit 12-12 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Unit 16-12 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 3-10 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 821 5,759 0 0 0 0 0 0 6,580 Page 1 of 4 HISTORICAL DETAIL COST BY YEAR Well Name County 1970 1972 1976 1979 1980 1981 1982 1983 1984 1986 1988 1989 1990 1991 1992 1993 1994 1995 1997 1998 1999 2000 TOTAL Ulli Field Unit 8-9 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 821 5,759 0 0 0 0 0 0 6,580 Lilli Field Unit 9-9 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 821 5,759 0 0 0 0 0 0 6,580 Lilli Field Unit 143 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,231 0 0 0 0 0 0 1,231 Lilli Field Unit 14-10 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.785 6,911 0 744 0 0 0 9,440 Lilli Field Unit 4-7 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3,978 429 1,655 0 0 0 0 6,061 Lilli Field Unit 6-7 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3,978 429 1,655 0 0 0 0 6,061 Ulli Field Unit 4-9 Weld 0 0 0 0 0 0 0 0 0, 0 0 0 0 0 0 11,008 116 3,728 0 0 0 0 14,853 Ulli Field Unit 6-9 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6,042 1.133 0 0 0 0 0 7,175 Lilli Field Unit 7-10 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4,109 0 0 0 0 0 4,109 Ulli Field Unit 3-15 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3,551 0 3.819 0 0 0 0 0 7.369 Lilli Field Unit 16-7 Weld 0 0 0 0 0 0 0 0 0 0 11,434 0 0 0 0 0 0 0 0 0 0 0 11,434 Ult Field Unit 8-1 Weld 0 0 0 0 0 0 0 0 0 0 51,278 21,690 0 0 0 0 0 1,522 0 0 0 0 74,490 Ulli Field Unit 6-1 Weld 0 0 0 0 0 0 0 0 0 0 54,075 0 0 0 0 0 0 0 0 0 0 0 54,075 Lilli Field Unit 2-7 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,781 660 0 0 0 0 0 0 3,441 Lilli Field Unit 2-8 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,838 9,714 0 0 0 0 0 0 12,552 Lilli Field Unit 4-17 Weld 0 0 0 0, 0 0 0 0 0 0 0 0 0 0 0 3,252 3,507 0 0 0 0 0 6,759 Lil8 Field Unit 8-7 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,781 660 0 0 0 0 0 0 3,441 Lilli Field Unit 10-2 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,394 0 0 0 0 0 2,394 Lilli Field Unit 163 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.055 0 0 0 0 0 3,055 Lilli Field Unit 14-6 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Unit 6-6 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10.005 0 0 0 0 0 0 10,005 Lilli Field Unit 12-6 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10,005 0 0 0 0 0 0 10,005 Ulli Field Unit 2-11 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,459 5,208 0 0 0 0 0 6,666 Lilli Field Unit 5-11 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,234 0 0 0 0 0 1,234 Lilli Field Unit 10-7 Weld 0 0 0 0 0 0 0 0 0 0 16,443 0 0 0 0 2,508 0 0 0 0 0 0 18,951 Lilli Field Unit 12-7 Weld 0 0 0 0 0 0 0 0 0 0 16,443 0 0 0 0 2,508 0 0 0 0 0 0 18.951 Lilli Field Unit 14-7 Weld 0 0 0 0 0 0 0 0 0 0 16,443 0 0 0 0 2,508 0 0 0 0 0 0 18.951 Lilli Field Unit 10-1 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10,588 0 0 0 0 0 0 0 10.588 Lilli Field Unit 16-1 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10,588 0 0 0 0 0 0 0 10,588 Lill'Field Unit 5-2 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 6-3 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6,665 0 0 0 0 0 6,665 Lilli Field Unit 15-10 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 562 3,316 0 0 3,499 0 0 0 7,378 Ulli Field Unit 10-6 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7,270 337 0 1,805 0 0 0 0 9,412 Lilli Field Unit 16-6 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7,270 337 0 1,805 0 0 0 0 9,412 Page 2 of 4 HISTORICAL DETAIL COST BY YEAR Well Name County 1970 1972 1976 1979 1980 1981 1982 1983 1984 1986 1988 1989 1990 1991 1992 1993 1994 1995 1997 1998 1999 2000 TOTAL Lilli Field Unit 6-8A Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5,645 0 0 0 0 0 0 5,645 Lilli Field Unit 2-12 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5,260 676 0 0 0 0 5,936 Lilli Field Unit 6-12 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5,260 676 0 0 0 0 5,936 Ulli Field Unit 8-12 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5.260 676 0 0 0 0 5.936 Lilli Field Unit 10-12 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5,260 676 0 0 0 0 5.936 Lilli Field Unit 14-34 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4,888 0 0 0 0 0 4,888 Lilli Field Unit 146 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,068 0 0 0 0 0 0 2,068 Wade2-29 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 925 930 0 0 0 0 3,218 5,073 Wade 7-29 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 925 930 0 0 0 0 3,218 5,073 Wade 2-29 and 7-29 Tank Battery Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery N-4 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery H6 Weld 0 0 0 0 0 0 0 0, 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery MA Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery D-9 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery H-15 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Tank Battery D-17 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery B-18 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery N6 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery I-1 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery J-1 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery P-1 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery J-2 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery G-3 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery P-3 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battey N-5 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery O-5 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery L6 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery P6 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery B-7 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilll Field Tank Battery C-7 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery 0-7 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 W li Field Tank Battery P-7 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0, 0 Lilli Field Tank Battery B-8 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery C-9 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Page 3 of 4 HISTORICAL DETAIL COST BY YEAR Well Name County 1970 1972 1976 1979 1980 1981 1982 1983 1984 1986 1988 1989 1990 1991 1992 1993 1994 1995 1997 1998 1999 2000 TOTAL Ulli Field Tank Battery C-10 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery G-10 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery 0-10 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery B-11 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery D-11 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery G-12 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery C-15 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery N34 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Tank Battery P34 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TOTAL WELD COUNTY 0 0 0 0 4,368 989 0 0 2,923 0 168.364 28,905 68,318 10,603 66,608 118,327 120,410 14,874 91,585 26,656 0 6,437 729,367 Page 4 of 4 WALSH PRODUCTION,INC. RETURN OF INVESTMENT 2000 DEPRECIATION-Rof I (14 YR.STRAIGHT LINE METHOD/MIDYEAR CONVENTION Wei Name County 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 TOTAL Burbach 20-3H Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 36 71 71 71 87 102 102 102 102 102 102 949 Delbert Castor/ Weld 0 0 0 0 0 0 0 0 0 0 0 35 71 71 71 71 71 71 71 71 71 71 163 256 256 221 185 185 185 185 185 2,563 Al Croissant l Weld 0 0 0 0 0 0 0 0 0 0 156 312 312 312 312 312 312 312 312 312 312 312 405 497 341 185 185 185 185 185 185 5,942 4-8 Federal G Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,609 3,219 3.219 3,219 3,219 3,219 3,219 3.219 3,219 3,219 3,219 33,796 Federal J 9-23 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal 15-23 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 80 161 558 955 955 955 955 955 955 955 955 955 955 10.351 Federal)10-23 Weld 0 0 0 0 0 0 0 0 0 0 0, 0 0 0 0 0 0 0 0 191 622 862 862 862 862 862 862 862 862 862 862 9,436 Federal J Tank Battery Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Josey12-8 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 418 836 836 836 836 836 836 5,432 Ulli Codell 2-1 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Malo 8-20 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Melo9-20 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 383 874 981 981 981 4,100 7,327 7,434 7,434 30,494 State 14-36 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 104 209 209 209 209 209 209 209 209 209 209 209 209 209 949 1.690 1,690 7,147 Susie 11-9 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 330 661 661 661 661 661 661 4,295 Weld Weitzel5-33 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 66 212 480 669 669 669 669 669 669 669 669 669 6,782 Weld Weitzel 11-33 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 79 347 536 536 536 536 536 536 536 536 536 5,253 Lilli Field Unit 8-8 Gas Injection Well Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 12-4 Gas Injection We Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 2-1 Shut-In Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Unit 145 Gas Injection We Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Unit 8-6 Gas Injection Well Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 2-18 Gas Injection We Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 4-6 Gas Injection Well Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 4-18 Gas Injection We Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 _ Ulli Field Unit 7-3 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 225 449 449 449 449 449 449 2,921 Ulli Field Unit 16-34 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 175 349 349 349 349 349 349 2,270 Ulli Field Unit 4-8 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 283 567 567 567 567 567 567 3,683 Lilli Field Unit 12-5 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 283 567 567 567 567 567 567 3.683 Lilli Field Unit 14-4 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 308 615 615 615 615 615 615 615 4,615 Lilli Field Unit 15-5 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 82 256 349 349 349 349 349 349 2,431 Ulli Field Unit 165 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 82 256 349 349 349 349 349 349 2,431 Ulli Field Unit 12-12 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 16-12 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 3-10 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 29 264 470 470 470 470 470 470 470 3,584 Page 1 of 4 WALSH PRODUCTION,INC. RETURN OF INVESTMENT 2000 DEPRECIATION-Rofl (14 YR.STRAIGHT LINE METHOD/MIDYEAR CONVENTION Well Name County 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 TOTAL Lilli Field Unit 8-9 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 29 264 470 470 470 470 470 470 470 3,584 Ulli Field Unit 9-9 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 29 264 470 470 470 470 470 470 470 3,584 Ulli Field Unit 14-3 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 44 88 88 88 88 88 88 88 660 Lilli Field Unit 14-10 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 64 374 621 621 648 674 674 674 4,351 Ulli Field Unit4-7 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 142 299 374 433 433 433 433 433 2,980 Ulli Field Unit 6-7 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 142 299 374 433 433 433 433 433 2,980 Lilli Field Unit 4-9Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 393 790 928 1,061 1,061 1,061 1,061 1,061 7,416 Lilli Field Unit 6-9 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 216 472 512 512 512 512 512 512 3,763 Lilli Field Unit 7-10 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 147 293 293 293 293 293 293 1.908 Ulli Field Unit 3-15 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 127 254 390 526 526 526 526 526 526 3.929 Lilli Field Unit 16-7 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 408 817 817 817 817 817 817 817 817 817 817 817 817 10,209 Ulli Field Unit 8-1 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,831 4.437 5.212 5,212 5,212 5.212 5,212 5.266 5,321 5,321 5.321 5,321 5,321 64,199 Lilli Field Unit 6-1 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,931 3,862 3.862 3.862 3,862 3.862 3,862 3.862 3.862 3,862 3,862 3,862 3,862 48,281 Lilli Field Unit 2-7 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 99 222 246 246 246 246 246 246 246 2,042 Lilli Field Unit 2-8 Weld 0 0 0, 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 101 550 897 897 897 897 897 897 897 6,927 Lilli Field Unit 4-17 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 116 358 483 483 483 483 483 483 3.370 Lilli Field Unit 8-7 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 99 222 246 246 246 246 246 246 246 2.042 Lilli Field Unit 10-2 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 86 171 171 171 171 171 171 1.112 Lilli Field Unit 16-3 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 109 218 218 218 218 218 218 1,418 Litli Field Unit 14-6 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 66 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 357 715 715 715 715 715 715 715 5,360 Lilli Field Unit 126 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 357 715 715 715 715 715 715 715 5,360 Ulli Field Unit 2-11 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0, 0 52 290 476 476 476 476 476 476 3,199 Ulli Field Unit 5-11 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 44 88 88 88 88 88 88 573 Lilli Field Unit 10-7 Weld 0 0 0 0 0, 0 0 0 0 0 0 0 0 0 0 0 0 0 587 1.175 1,175 1,175 1.175 1,264 1,354 1,354 1,354 1,354 1.354 1,354 1,354 16,025 Lilt Field Unit 12-7 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 587 1.175 1,175 1,175 1.175 1.264 1,354 1,354 1,354 1,354 1,354 1,354 1,354 16.025 Lilli Field Unit 14-7 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 587 1.175 1,175 1,175 1,175 1,264 1,354 1.354 1,354 1,354 1,354 1,354 1,354 16.025 Lilli Field Unit 10-1 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 378 756 756 756 756 756 756 756 756 6.428 Lilli Field Unit 16-1 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 378 756 756 756 756 756 756 756 756 6.428 Lilli Field Unit 5-2 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Unit 6-3 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0, 0 0 238 476 476 476 476 476 476 3.094 Lilli Field Unit 15-10 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20 159 277 277 277 402 527 527 527 2,993 Lilli Field Unit 106 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 260 531 543 608 672 672 672 672 672 5,303 Lilli Field Unit 166 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 260 531 543 608 672 672 672 672 672 5,303 Page 2 of 4 WALSH PRODUCTION,INC. RETURN OF INVESTMENT 2000 DEPRECIATION-Rof I (14 YR.STRAIGHT LINE METHOD/MIDYEAR CONVENTION Well Name County 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 TOTAL Lilli Field Unit 6-8A Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 202 403 403 403 403 403 403 403 3,024 Lilll Field Unit 2-12 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 188 400 424 424 424 424 424 2,708 Lilli Field Unit 6-12 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 188 400 424 424 424 424 424 2,708 Lilli Field Unit 8-12 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 188 400 424 424 424 424 424 2,708 Lilli Field Unit 10-12 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 188 400 424 424 424 424 424 2,708 Lilli Feld Unit 1431 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 175 349 349 349 349 349 349 2,270 Lilli Field Unit 14-8 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 74 148 148 148 148 148 148 148 1,108 Wade2-29 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 33 99 132 132 132 132 132 247 1,042 Wade?-29 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0- 0 0 0 0 0 0 0 0 0 33 99 132 132 132 132 132 247 1,042 Wade 2-29 and 7-29 Tank Battery Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery N-4 Weld 0 0 0 0 0 0 0 0 0 0 .0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery H6 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery M-8 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery D-9 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilll Field Tank Battery H-15 Weld 0 0 0- 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery D-17 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0, 0 0 0 0 0 0 0 Lilli Field Tank Battery B-18 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery N6 Weld 0 0 0 0 0- 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery I-1 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery J-1 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery P-1 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery J-2 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0- 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery G-3 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery P-3 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery N-5 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0- 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery O-5 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0, 0 0 0 0 0 0 Lilli Field Tank Battery L6 Weld 0 0 0 0 0- 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery P6 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery B-7 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Feld Tank Battery C-7 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0- 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery D-7 Weld 0 0 0- 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery P-7 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery B-8 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery C-9 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Page 3 of 4 WALSH PRODUCTION,INC. RETURN OF INVESTMENT 2000 DEPRECIATION-Rof I (14 YR.STRAIGHT LINE METHOD/MIDYEAR CONVENTION Well Name County 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 TOTAL Lilli Field Tank Battery C-10 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lilli Field Tank Battery G-10 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 L illi Field Tank Battery 0-10 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Tank Battery B-11 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Tank Battery D-11 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ulli Field Tank Battery G-12 Weld 0 0 0 0 0 0 0 0 0 0 0_ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 U lli Field Tank Battery C-15 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0, 0 0 0 0 0 0 U lli Field Tank Battery N-34 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0- 0 Ulli Field Tank Battery P-34 Weld 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TOTAL WELD COUNTY 0 0 0 0 0 0 0 0 0 0 156 347 383 383 487 591 591 591 6,604 13,650 17,122 19,941 22,698 29303 37,673 42,314 42,809 46,080 50,199 51,046 51,276 434,246 Page 4 of 4 • • WALSH PRODUCTION,INC. RETURN ON INVESTMENT RETURN ON INVESTMENT(ROI) 2000 AVERAGE 12/31/1999 NET 12/31/2000 NET NET BOOK ACTUAL ROI TOTAL ROI Well Name County BOOK VALUE BOOK VALUE VALUE RATE DEDUCTION Burbach 20-3H Weld 582 480 531 8.763% 46 Delbert Castor 1 Weld 1.204 1,019 1.111 8.763% 97 Al Croissant 1 Weld 1,204 1,019 1.111 8.763% 97 4-8 Federal G Weld 14,484 11,265 12.875 8.763% 1,128 Federal J 9-23 Weld 0 0 0 8.763% 0 Federal J 15-23 Weld 3,977 3.022 3,500 8.763% 307 Federal J 10-23 Weld 3,497 2.635 3,066 8.763% 269 Federal J Tank Battery Weld 0 0 0 8.763% 0 Josey 12-8 Weld 7.104 6.268 6,686 8.763% 586 Ulli Codell 2-1 Weld 0 0 0 8.763% 0 Maio 8-20 Weld 0 0 0 8.763% 0 Maio 9-20 Weld 81,013 73,579 77.296 8.763% 6,773 State 14-36 Weld 21,121 19,431 20.276 8.763% 1.777 Susie 11-9 Weld 5,616 4,955 5,286 8.763% 463 Weld Weitzel 5-33 Weld 3,258 2,588 2,923 8.763% 256 Weld Weitzel 11-33 Weld 2,792 2.256 2,524 8.763% 221 Lilli Field Unit 8-8 Gas Injection Well Weld 0 0 0 8.763% 0 Lilt Field Unit 12-4 Gas Injection We Weld 0 0 0 8.763% 0 Lilli Field Unit 2-1 Shut-In Weld 0 0 0 8.763% 0 Lilli Field Unit 14-5 Gas Injection We Weld 0 0 0 8.763% 0 Ulli Field Unit 8-6 Gas Injection Well Weld 0 0 0 8.763% 0 Ulli Field Unit 2-18 Gas Injection We Weld 0 0 0 8.763% 0 Ulli Field Unit 4-6 Gas Injection Well Weld 0 0 0 8.763% 0 Ulli Field Unit 4-18 Gas Injection We Weld 0 0 0 8.763% 0 Ulli Field Unit 7-3 Weld 3.820 3.370 3,595 8.763% 315 Ulli Field Unit 16-34 Weld 2,968 2,619 2,793 8.763% 245 Lilli Field Unit 4-8 Weld 4.816 4,249 4,533 8.763% 397 Lilli Field Unit 12-5 Weld 4.816 4,249 4,533 8.763% 397 Lilli Field Unit 14-4 Weld 4,615 4,000 4,308 8.763% 377 Lilli Field Unit 15-5 Weld 2,802 2,453 2,627 8.763% 230 Ulli Field Unit 16-5 Weld 2,802 2,453 2,627 8.763% 230 Ulli Field Unit 12-12 Weld 0 0 0 8.763% 0 Ulli Field Unit 16-12 Weld 0 0 0 8.763% 0 Ulli Field Unit 3-10 Weld 3,466 2.996 3.231 8.763% 283 Page 1 of 4 • WALSH PRODUCTION,INC. RETURN ON INVESTMENT RETURN ON INVESTMENT(ROI) 2000 AVERAGE 12/31/1999 NET 12/31/2000 NET NET 8O0K ACTUAL ROI TOTAL ROI Well Name County BOOK VALUE BOOK VALUE VALUE RATE DEDUCTION Ulli Field Unit 8-9 Weld 3.466 2,996 3,231 8.763% 283 Lilli Field Unit 9-9 Weld 3.466 2,996 3,231 8.763% 283 Lilli Field Unit 14-3 Weld 660 572 616 8.763% 54 Ulli Field Unit 14-10 Weld 5,763 5.089 5,426 8.763% 476 Lilli Field Unit 4-7 Weld 3,514 3.081 3,298 8/63% 289 Ulli Field Unit 6-7 Weld 3.514 3.081 3,298 8163% 289 Ulli Field Unit 4-9 Weld 8,498 7,437 7,967 8.763% 698 Ulli Field Unit 6-9 Weld 3,925 3,412 3.668 8.763% 321 Ulli Field Unit 7-10 Weld 2,495 2,201 2,348 8.763% 206 Lilli Field Unit 3-15 Weld 3,967 3,441 3,704 8.763% 325 Lilli Field Unit 16-7 Weld 2,042 1,225 1,633 8.763% 143 Lilli Reld Unit 8-1 Weld 15,612 10.292 12.952 8.763% 1.135 Lilli Field Unit 6-1 Weld 9,656 5,794 7.725 8.763% 677 Lilt Field Unit 2-7 Weld 1,645 1,399 1.522 8.763% 133 Lilli Field Unit 2-8 Weld 6,522 5.625 6.073 8.763% 532 Lei Field Unit 4-17 Weld 3,871 3,388 3,630 8.763% 318 Ulli Field Unit 8-7 Weld 1.645 1,399 1,522 8.763% 133 Lilli Field Unit 10-2 Weld 1,454 1,283 1.368 8.763% 120 Lilt Field Unit 16-3 Weld 1855 1,637 1,746 8.763% 153 Lilt Field Unit 146 Weld 0 0 0 8.763% 0 Lilli Field Unit 6-6 Weld 5,360 4,645 5,003 8.763% 438 Lilli Field Unit 12-6 Weld 5,360 4,645 5,003 8.763% 438 Lilli Field Unit 2-11 Weld 3,943 3,467 3,705 8.763% 325 Lilli Field Unit 5-11 Weld 749 661 705 8.763% 62 Ulli Field Unit 10-7 Weld 4.280 2,926 3.603 8.763% 316 Lilli Field Unit 12-7 Weld 4.280 2,926 3,603 8.763% 316 Ulli Field Unit 14-7 Weld 4.280 2,926 3,603 8.763% 316 Ulti Reid Unit 10-1 Weld 4,916 4,159 4,538 8.763% 398 Ulli Field Unit 16-1 Weld 4.916 4,159 4,538 8.763% 398 Ulli Field Unit 5-2 Weld 0 0 0 8.763% 0 Lilll Field Unit 6-3 Weld 4,047 3.571 3,809 8.763% 334 Ulli Field Unit 15-10 Weld 4,912 4,385 4,649 8.763% 407 Ulli Field Unit 106 Weld 4,781 4,108 4,444 8.763% 389 Lilli Field Unit 16-6 Weld 4,781 4.108 4.444 8.763% 389 Page 2 of 4 • WALSH PRODUCTION,INC. RETURN ON INVESTMENT RETURN ON INVESTMENT(ROI) 2000 AVERAGE 12/31/1999 NET 12/31/2000 NET NET BOOK ACTUAL ROI TOTAL ROI Well Name County BOOK VALUE BOOK VALUE VALUE RATE DEDUCTION Lilli Field Unit 6-8A Weld 3,024 2,621 2,823 8.763% 247 Ulli Field Unit 2-12 Weld 3,653 3.229 3,441 8.763% 301 Lilli Field Unit 6-12 Weld 3.653 3.229 3,441 8.763% 301 Lilli Field Unit 8-12 Weld 3.653 3,229 3,441 8.763% 301 Lilli Field Unit 10-12 Weld 3.653 3,229 3,441 8.763% 301 Ulli Field Unit 14-34 Weld 2.968 2.619 2.793 8.763% 245 Ulli Field Unit 14-8 Weld 1,108 960 1.034 8.763% 91 Wade 2-29 Weld 1,060 4,031 2.546 8.763% 223 Wade 7-29 Weld 1,060 4,031 2,546 8.763% 223 Wade 2-29 end 7-29 Tank Battery Weld 0 0 0 8.763% 0 Ulli Field Tank Battery N-4 Weld 0 0 0 8.763% 0 Lilli Field Tank Battery 11-6 Weld 0 0 0 8.763% 0 Lilli Field Tank Battery M-8 Weld 0 0 0 8.763% 0 Lilli Field Tank Battery D-9 Weld 0 0 0 8.763% 0 Ulli Field Tank Battery H-15 Weld 0 0 0 8.763% 0 Lilli Feld Tank Battery D-17 Weld 0 0 0 8.763% 0 Lilli Field Tank Battery B-18 Weld 0 0 0 8.763% 0 Lilli Field Tank Battery N-6 Weld 0 0 0 8.763% 0 Lilli Field Tank Battery I-1 Weld 0 0 0 8.763% 0 Ulli Field Tank Battery J-1 Weld 0 0 0 8.763% 0 Lilli Field Tank Battery P-1 Weld 0 0 0 8.763% 0 Lilli Field Tank Battery J-2 Weld 0 0 0 8.763% 0 Lilli Field Tank Battery G-3 Weld 0 0 0 8.763% 0 Lilli Field Tank Battery P-3 Weld 0 0 0 8.763% 0 Ulli Field Tank Battery NS Weld 0 0 0 8.763% 0 Ulli Field Tank Battery O-5 Weld 0 0 0 8.763% 0 Ulli Field Tank Battery L-6 Weld 0 0 0 8.763% 0 Lilli Field Tank Battery P-6 Weld 0 0 0 8.763% 0 Lilli Field Tank Battery 8-7 Weld 0 0 0 8.763% 0 Lilli Field Tank Battery C-7 Weld 0 0 0 8.763% 0 Lilli Field Tank Battery D-7 Weld 0 0 0 8.763% 0 Lilli Field Tank Battery P-7 Weld 0 0 0 8.763% 0 Ulli Field Tank Battery B-S Weld 0 0 0 8.763% 0 Ulli Field Tank Battery C-9 Weld 0 0 0 8.763% 0 Page 3 of 4 WALSH PRODUCTION,INC. RETURN ON INVESTMENT RETURN ON INVESTMENT(ROI) 2000 AVERAGE 12/31/1999 NET 12/31/2000 NET NET BOOK ACTUAL ROI TOTAL ROI Well Name County BOOK VALUE BOOK VALUE VALUE RATE DEDUCTION Ulli Field Tank Battery C-10 Weld 0 0 0 8.763% 0 Ulli Field Tank Battery G-10 Weld 0 0 0 8.763% 0 Ulli Field Tank Battery O-10 Weld 0 0 0 8.763% 0 Ulli Field Tank Battery B-11 Weld 0 0 0 8.763% 0 Ulli Field Tank Battery D-11 Weld 0 0 0 8.763% 0 Ulli Field Tank Battery G-12 Weld 0 0 0 8.763% 0 Ulli Field Tank Battery O-15 Weld 0 0 0 8.763% 0 Ulli Field Tank Battery N-34 Weld 0 0 0 8.763% 0 Ulli Field Tank Battery P-34 Weld 0 0 0 8.763% 0 TOTAL WELD COUNTY 339,960 295,121 317,541 27,826 Page 4 of 4 UNITED STATE EXPLORATION,INC. PETITION FOR REFUND OF TAXES-2001 TAXES(2000 PRODUCTION YEAR) Original Abate.I T Assessed Assessed Refund Balance Direct Return on Return of Value of Production Assessed Abate./ Assessed Operating Investment Investment Total Allowable Exempt Royalty Assessment Allowable Production Schedule No. Well Name County Value Original Tax Value Refund Tax Value Balance Tax Expenses (ROI) (Rob) Deduction 95%Limitation Deductions Percentage Ratio Deduction Tax Refund Tax District Tax Rate O0266095 Burbach20-3H Weld 0 000 0 000 0 0.00 0 46 102 149 0 0 0.00000% 0.8750 0 0.00 1204 0.073224 00529586 Delbert Castor Weld 15.030 901.28 3,730 223.67 11,300 677.61 3,983 97 185 4,266 16,318 4,266 0.00000% 0.8750 3730 223.67 1102 0.059966 00529786 Al Croissant l Weld 27,950 1,676.04 4,740 264.24_ 23.210 1,391.80 5,137 97 185 5,420 30.346 5.420 0.00000% 0.8750 4740 284.24 1102 0.059966 00104090 4-8 Federal G Weld 20,910 1253.88 10,860 651.23 10,050 602.65 8,643 1,128 3.219 12.990 23,772 12,990 4.50000% 0.8750 10860 651.23 1102 0.059966 01816701 Federal J 9-23 Weld 0 0.00 0 0.00` 0 0.00 0 0 0 0 0 0 10.90000% 0.7500 0 0.00 1007 0.051415 00104290 Federal J 15-23 Weld 18.680 960.44 4,240 218.00 14,440 742.44 5,086 307 955 6,348 - 26,556 6,348 - 10.90000% 0/500 4240 218.00 1007 0.051415 01816801 Federal)10-23 Weld 18,680 960.44 4.150 213.37 14,530 747.07 5.086 269 862 6,217` 26,556 6,217 10.90000% 0.7500 4150 213.37 1007 0.051415 00104290 Federal J Tank Battery Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1007 0.051415 00170388 Josey12-8 Weld 119,750 8,768.58 8,400 615.08 111,350 8.153.50 8,183 586 836 9,605 130,014 9.605 0.00000% 0.8750 8400 615.08 1204 0.073224_ 01352698 Lill Codell 2-1 Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 11.13418% 0.8750 0 0.00 1102 0.059966 01723000 Maio 8-20 Weld 1,106,480 68,351.18 16.390 982.84 1,090,090 65,368.34 18,729 0 0 18,729 1,201,321 18,729 0.00000% 0.8750 16390 982.84 1102 0.059966 01249298 Maio 9-20 Weld 1,106,480 66,351.18 28.820 1,728.22 1,077,660 64.622.96 18,729 6.773 7,434 32,937 1,201,321 32,937 0.00000% 0.8750 28820 1,728.22 1102 0.059966 01474699 State 14-36 Weld 6,630 508.02 6.300 482.72 330 25.30 8,788 1,777 1,690 12,255 8,227 8,227 12.50000% 0.8750 6300 482.72 2497 0.076623_ 00174688 Susie 11-9 Weld 27,230 1,993.88 7,330 536.73 19,900 1,457.15 7,255 463 661 8,379 29,564 8.379 0.00000% 0.8750 7330 536.73 1204 0.073224 01816901 Weld Weitzel 5-33 Weld 15,130 777.90 4,810 247.31 10,320 530.59 5,352 256 669 6,277 18.774 6,277 12.50000% 0.8750 4810 247.31 1007 0.051415 00102990 Weld Weitzel 11-33 Weld 15,130 777.90 4,880 240.62 10,450 537.28 5.352 221 536 6,109 18,774 6.109 12.50000% 0.8750 4680 240.62 1007 0.051415 O3900095 Lilt Field Unit 8-8 Gas Injection Well Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 • 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O0800095 UIII Field Unit 12.4 Gas Injection Well Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 03200095 Liii Field Unit 2-1 Shut-In Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 O0500095 UIII Field Unit 14-5 Gas Injection Well Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 02100095 Lilt Field Unit 8-6 Gas Injection Well Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 02500095 UIII Field Unit 2-18 Gas Injection Well Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 04300095 UIII Field Unit 4-6 Gas Injection Well Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552 03100095 Ulli Field Unit 4-18 Gas Injection Well Weld 0 0.00 0 0.00 0 0.00 0 0 0 0 0 0 0.00000% 0.7500 0 0.00 1100 0.059552_ O0000095 Ulli Field Unit 7-3 Weld 50,890 3,051.66 5.370 322.02 45,520 2,729.64 6,871 315 449 7.835 68,704 7,635 6.17662% 0.7500 5370 322.02 1102 0.059966 O0200095 Lilt Feld Unit 16-34 Weld 50,890 3,051.66 5,250 314.82 45,640 2,736.84 6,871 245 349 7,465 68,704 7,465 6.17662% 0.7500 5250 314.82 1102 0.059966 . 00300095 UM Field Unit4-8 We/d 50,890 3,051.66 5,510 330.41 45,380 2,721.25 6,871 397 567 7,835 68.704 7.835 6.17662%` 0.7500 5510 330.41 1102 0.059966 00400095 Uli Field Unit 12-5 Weld 50,890 3,051.66 5,510 330.41 45,380 2.721.25 6,871 397 567 7,835 68,704 7,835 6.17662%_ 0.7500 5510 330.41 1102 0.059966 00700095 Lilt Field Unit 14-4 Weld 50,890 3,051.86 5,530 331.61 45,380 2,720.05 6,871 377 615 7,864 68.704 7,864 6.17662% 0.7500 5530 331.61 1102 0.059966 00800095 UIII Field Unit 15-5 Weld 50,890 3.051.66 5.240 314.22 45,650 2,737.44 6,871 230 349 7,450 68,704 7,450 6.17662% 0.7500 5240 314.22 1102 0.059966 O0900095 UIII Field Unit 16-5 Weld 50,890 3,051.66 5,240 314.22 45,650 2,737.44 6,871 230 349 7,450 68,704 7,450 6.17662%_ 0.7500 5240 314.22 1102 0.059966 01000095 Lill Field Unit 12-12 Weld 50,890 3,051.66 4,830 289.64 46,060 2.762.02 6,871 0 0 6,871 68,704 6,871 6.17682%_ 0.7500 4830 289.64 1102 0.059966 01100095 Lilt Field Unit 16-12 Weld 50,890 3,051.66 4,830 289.64 46,060 2.762.02 6,871 0 0 6,871 68,704 6,871 6.17662% 0.7500 4830 289.64 1102 0.059966 01200095 Lilt Field Unit 3-10 Weld 50,890 3,051.66 5.360 321.42 45,530 2,730.24 6,871 283 470 7.624 68,704 7,624 6.17662% 0.7500 5360 321.42 1102 0.059966 Page 1 of 4 To: Weld County Assessor 1400 N. 176 Ave. Greeley, CO 80631 From: Walsh Production, Inc. 20479 E. Highway 6 Sterling, CO 80751 This is to authorize Logan & Firmine, Inc., 333 W. Hampden Avenue, Suite 740, Englewood, CO. 80110, to act in our behalf as our agent in property tax matters for properties that we own, possess or control in your County. This agent is delegated authority to file and sign property statements, notices of protest and negotiate and resolve disputed tax matters, and we accept responsibility for any and all actions he makes in our behalf regarding property tax matters. This authorization is effective until revoked by the owner, a partner, or a corporate officer and supersedes all prior authorizations. Signed: tJ,A Title: iY UYs( r/1 a‘At Phone: 9 70 sr.).? /83 7 Date: II / brie/ f i6t / 012, 6.33 3. The same party owns or related parties are paid for product gathering, processing, and/or transportation services between the wellhead and the point of sale. • The term "related parties" includes, but is not limited to individuals who are connected by blood or marriage, or partnerships, or businesses which are subsidiaries of the same parent company or are associated by one company controlling or holding ownership of the other company's stock or debt. When expenses charged by related parties or the same party exist,the following criteria shall be used in determining a reasonable netback expense: • Deduction of Operating Costs Operating costs are defined as those expenses directly associated with gathering, processing, manufacturing, and transportation of the product from the wellhead to the point of sale, and that are incurred during the previous calendar year. Operating costs are deductible from the downstream sales price to determine the netback wellhead price. In no event are costs associated with activities which occur before the wellhead to be deducted, e.g. down hole costs, lifting costs, or pumping related maintenance or operations costs. Allowable Deductions A list of operating costs directly related to the operation and maintenance of the equipment and facility that would typically be allowed for deduction are: ✓ Salaries, wages, and benefits paid to employees and supervisors Fuel (including electricity or natural gas) and utili costs (no deduction for the value of gas produced and used on lease (wellsite) or by the transportation or processing facility (offsite is allowed) ✓ Materials and supplies including chemicals and lubricants ✓ Non-capitalized repairs, including labor and materials related to processing or transportation of the product from the wellhead. Deduction for repairs and/or d maintenance of the pumping unit or downhole equipment is not allowed. 4 Field labor expenses, including third party charges, that are related to onsite and offsite processing and transportation of the product from the wellhead to the point of sale. ✓ Expenses related to the repairs and maintenance of the above-ground wellhead equipment. I Expenses for the sale of the product at the point of sale. ie'vck•44 is nw 104a Real and personal property taxes attributable to the facility Cost of preparation of an environmental impact statement 15-DIVISION-AS PUB ARL 3 1-89 Revised 6-01 J. EXHIBIT J. ' • - 8.34 /,� � zo ✓ Insurance Payroll taxes Unrelated party rental, leasing, or contract service costs for operation of the equipment and facility ✓ Allocated direct general and administrative overhead costs, e.g. headquarters personnel, telephone service, payroll taxes, employee benefits, vehicle expenses, office supplies, etc., that represent typical expenditures which are allocable to the operation and maintenance of the equipment and facility. In some instances, actual expenses for some or all of the above items may not be available bV well. In this situation, both the assessor and taxpayer will need to establish and agree to a reasonable basis for allocation of expenses between • deductible and non-deductible categories or processes. Once the allocation methodology has been established, it cannot be changed without agreement of the county assessor. The above list is not all-inclusive. Additional expenses that are necessary for the processing and movement of the product from the wellhead to the point of sale may be allowed. A good "rule of thumb'is that the expenses must be associated with a process that adds value to the oil and gas product prior to sale. If a question arises regarding whether an expense is allowable, contact the Division for guidance. Non-Allowable Deductions • A list of direct operating costs that are not allowable for deduction are: Downhole production and operating costs incurred to extract or move the product from the reservoir to the wellhead. Included in this category are expenses for gas,water, and/or CO injection done as part of a secondary recovery process Royalty payments (royalty payments to property tax exempt entities are excluded later to determine the taxable leasehold value) Expenses related to the repairs and/or maintenance of the pumping unit, tubing, casing, liners, or downhole equipment, parts or supplies Drilling or well-completion expenses including expenses for cementing and/or perforating of the well bore Legal expenses, title opinions, and any other pre-drilling or pre-production expenses Workover,"well-pulling",or well recompletion expenses Federal and State severance, income, or other taxes(except payroll taxes and improvement and equipment property taxes) 15-DIVISION-AS PUB ARL 3 1-89 Revised 6-01 a CLERK TO THE BOARD PHONE (970)336-7215, EXT.4225 FAX: (970) 352-0242 P.O. BOX 758 W(it IIIDC: GREELEY, COLORADO 80632 ' COLORADO January 20, 2003 WALSH PRODUCTION, INC. CIO LOGAN AND FIRMINE, INC. 333 WEST HAMPDEN AVENUE SUITE 740 ENGLEWOOD, CO 80110 RE: SCHEDULE NUMBER SEE ATTACHED SCHEDULES Dear Property Owner This is to advise you that the Weld County Board of Commissioners will hear your petition for abatement or refund of taxes on the property described as:VARIOUS. The meeting is scheduled for February 3, 2003, at 9:00 a.m., in the First Floor Meeting Room, Weld County Centennial Center, 915 10th Street, Greeley, Colorado. The Assessor is recommending that the Board deny your petition. You are not required to be present at this hearing, however, this is your opportunity to have your position heard, especially if your position is opposed to the Assessor's recommendation. If you intend to submit any documentation in support of your position for this hearing, all such documentation must be submitted to the Office of the Clerk to the Board and to the Weld County Assessor's Office at least seven calendar days prior to the meeting date in order for it to be considered at the scheduled hearing. If you have any questions concerning this matter, please do not hesitate to contact Carol Harding at (970) 336-7215, extension 4217. Sincerely, Donald D. Warden Clerk to to the Board By: £P�.IGlL.t) g -�Y�rc ,* Deputy Clerk to the Board cc: Assessor a CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4225 FAX: (970) 352-0242 P. O. BOX 758 O GREELEY, COLORADO 80632 COLORADO February 25, 2003 Walsh Production, Inc do Logan & Firmine, Inc 333 W. Hampden Ave, Suite 740 Englewood CO 80110 RE: SCHEDULE NUMBER See Attached List Dear Property Owner: On February 3rd, 2003, the Board of Weld County Commissioners considered your petition for abatement or refund of taxes and denied same. Pursuant to Section 39-2-125(f), C.R.S., you have the right to appeal this decision to the State Board of Assessment Appeals within thirty days. You may obtain the appropriate forms and instructions from the Board of Assessment Appeals, Department of Local Affairs, 1313 Sherman Street, Room 420, Denver, Colorado 80203. Very truly yours, i') ael% Donald D. Warden, Clerk to the Board By: / %,� L �/.�. Deputy Clerk to he e Board cc: Assessor Mary Hazen Hello