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Home My WebLink About20203622NADOA Model Form Division Order (Adopted 9/95) cfrs) VERDAD RESOURCES LLC VERDQD 5950 SHERRY LANE, SUITE 700 RESOURCES DALLAS, TX 75225 Property Name: Operator: Property Description: County and State: Production: X Date: 09/11/2020 Effective Date: 03/01/2020 100576 HDIKF 10-11H HOT. VS ��" 1` o Lii VERDAD RESOURCES, LLC 01 N -65W-02 W2SW, SWNW, SEC 03 E2SE, SENE, SEC 10 E2E2 & SEC 11 W2W2 WELD/COLORADO Oil X Gas Both: Owner No. Owner Name Interest Type NRI Decimal 6043 1150 WELD GREELEY O COUNTY STREET CO 80634 COLORADO RI 0. 01604075 The undersigned certifies the ownership of the decimal interest in production or proceeds as described above payable by Verdad Resources, LLC (Verdad). Verdad shall be notified, in writing, of any change in ownership, decimal interest, or payment address. All such changes shall be effective the first day of the month following receipt of such notice. Verdad is authorized to withhold payment pending resolution of a title dispute or adverse claim asserted regarding the interest in production claimed herein by the undersigned. The undersigned agrees to indemnify and reimburse Verdad any amount attributable to an interest to which the undersigned is not entitled. Verdad may accrue proceeds until the total amount equals $100.00, or pay annually, whichever occurs first, or as required by applicable state statutes. This Division Order does not amend any lease or operating agreement between the undersigned and the lessee or operator or any other contracts for the purchase of oil or g as. In addition to the terms and conditions of this Division Order, the undersigned and Verdad may have certain statutory rights under the laws of the state in which the property is located. SIGNATURE: 0 BOARD OF ATTES CLE BY: DEPUTY CLERK/ 0 T, E BOAR Weld County Government 1150 "O" Street Greeley, CO 80634 Phone: 970-336-7204 Fax: 970-336-7233 Tax ID: 84-6000-813 U {; Federal Law requires you to furnish your Social Security or Taxpayer Identification Number, Failure to comply will result in additional tax withholding and will not be refundable by Verdad. vi, * c\raLaaoa PLEASE RETAIN THIS COPY 2020-36226) /0-2/9/2-t WBSU 15 - Pooled Unit Ownership (WBSU 45 c resists of Block 3 and Block 4) Corrected 4-22-20 covering 1N, R65W, 6th Section 2: S rWi 14N 914, W/2SW/4 Section 3: SEMNE/45 E/2SE/4 Section 10: Ei2E./2 Section 11: WI2W/2 We d County, Colorado Containing 562.393 acres, more or less Effective through July 31, 2018 at 7:00 a.m. LIG ITED OT HE CODELL AND 6 IOBRARA ERMATIONS ONLY. Block 3 Acreage 280.406 0.49859440 Block 4 Acreage 281.987 0.50140560 Total V iBSU No. 5 Unit 562.393 1.00000000 Check 72.170 562.393 0.12832 TRUE Tract No. Assessor Parcel No. OGL Owner Type Mineral Int. Gross LOR/ORI Tract NRI Tract Acreage Unit Acreage Unit Parrticc. Fctr. Owner Tract NM Owner UJnit NM Lease Nos. 10-E2NE-102 147310119008 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12,500000% 0.155 562.393 0.00027561 0.00003445 0.01604075 1761915 10-E2NE-1O5 147310128025 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.072 562.393 0.00012802 0.00001600 10-E2NE-106 147310128026 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.072 562.393 0.00012802 0.00001600 10-E2NE-107 147310128027 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.145 562.393 0.00025783 0.00003223 10-E2NE-1O8 147310128028 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.145 562.393 0.00025783 0.00003223 10-E2NE-109 147310128021 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.140 562.393 0.00024894 0.00003112 10-E2NE-110 147310128022 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.290 562.393 0.00051565 0.00006446 10-E2NE-112 10-E2NE-113 147310128020 147310128019 1761915 1761915 Weld Weld Count,, Colorado County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.155 562.393 0.00027561 0.00003445 LOR 100.000000% 12.500000% 12.500000% 0.155 562.393 0.00027561 0.00003445 10-E2NE-114 147310128015 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.155 562.393 0.00027561 0.00003445 10-E2NE-115 147310128017 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.155 562.393 0.00027561 0.00003445 10-E2NE-116 147310128018 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.155 562.393 0.00027561 0.00003445 10-E2NE-117 147310128013 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.155 562.393 0.00027561 0.00003445 10-E2NE-123 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 1.259 562.393 0.00223865 0.00027983 10-E2NE-126 147310129013 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.279 562.393 0.00049609 0.00006201 10-E2NE-127 147310130009 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.215 562.393 0.00038229 0.00004779 10-E2NE-128 147310130011 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.144 562.393 0.00025605 0.00003201 10-E2NE-129 147310130004 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.144 562.393 0.00025605 0.00003201 10-E2NE-13 1761915 Weld Count, , Colorado LOR 100.000000% 12.500000% 12.500000% 0.237 562.393 0.00042141 0.00005268 10-E2NE-130 147310130005 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.444 562.393 0.00078948 0.00009869 10-E2NE-132 10-E2NE-133 147310130003 147310130006 1761915 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.215 562.393 0.00038229 0.00004779 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.287 562.393 0.00051032 0.00006379 10-E2NE-134 147310130008 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.144 562.393 0.00025605 0.00003201 10-E2NE-141 147310131016 1761915 Weld County, Colorado LOR 100,000000% 12.500000% 12.500000% 0.150 562.393 0.00026672 0.00003334 10-E2NE-142 147310131017 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.220 562.393 0.00039119 0.00004890 10-E2NE-15 147310102016 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.045 562.393 0.00008002 0.00001000 10-E2NE-152 147310132023 1761915 Weld Count., Colorado LOR 100.000000% 12.500000% 12.500000% 0.143 562.393 0.00025427 0.00003178 10-E2NE-153 147310132015 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.144 562.393 0.00025605 0.00003201 _ 10-E2NE-154 J 147310132016 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.144 562.393 0.00025605 0.00003201 10-E2NE-155 147310132017 1761915 Weld County, Colorado L0R 100.000000% 12,500000% 12.500000% 0.215 562,393 0.00038229 I 0.00004779 10-E2NE-159 147310132027 1761915 Weld County, Colorado L0R 100.000000% 12.50000% 12.500000% 0.072 562.393 1 0.00012802 0.00001600 10-E2NE-161 147310132019 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.144 [ 562.393 0.00025605 0.00003201 10-E2NE-162 147310132028 1 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.287 562.393 0.00051032 0.00006379 10-E2NE-163 147310133016 1761915 Weld County, Colorado L0R 100.000000% 12,500000% 12.500000% 0.215 562.393 0.00038229 0.00004779 10-E2NE-164 14731013307 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.144 562.393 0.00025605 0.00003201 10-E2NE-165 147310133018 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.144 562.393 0.00025605 0.00003201 10-E2NE-166 147310133012 1761915 Weld County, Colorado L0R _ 100.000000% 12,500000% 12.500000% 0.215 562.393 0.00038229 0.00004779 10-E2NE-167 147310133013 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.260 562.393 0.00046231 0.00005779 10-E2NE-168 147310133014 1761915 Weld County, Colorado L0R r 100.000000% 12.500000% 12.500000% 0.215 562.393 0.00038229 0.00004779 10-E2NE-17 147310102004 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.143 562.393 1 0.00025427 0.00003178 10-E2NE-170 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.143 562.393 0.00025427 0.00003178 10-E2NE-171 10-E2NE-172 147310133015 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.230 562.393 0.00040897 0.00005112 147310133019 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.144 562.393 0.00025605 0.00003201 10-E2NE-173 147310133020 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.215 562.393 I 0.00038229 0.00004779 10-E2NE-174 147310133020 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.215 562.393 0.00038229 0.00004779 10-E2NE-176 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 2.236 562.393 0.00397587 0.00049698 10-E2NE-178 147310135015 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000%. 0.150 562.393 1 0.00026672 0.00003334 10-E2NE-179 147310135016 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.140 562.393 0.00024894 0.00003112 10-E2NE-18 147310102005 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.144 562.393 0.00025605 0.00003201 10-E2NE-180 147310135017 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.140 562.393 0.00024894 0.00003112 10-E2NE-181 147310135018 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.140 562.393 0.00024894 0.00003112 10-E2NE-182 147310135019 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.070 562.393 0.00012447 0.00001556 10-E2NE-185 147310135020 1761915 Weld County, Colorado L0R 100.000000% 12.500000% . 12.500000% 0.070 562.393 0.00012447 0.00001556 10-E2NE-186 147310135021 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.140 562.393 0.00024894 0.00003112 10-E2NE-188 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.077 562.393 0.00013691 0.00001711 10-E2NE-189 147310135012 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.387 562.393 0.00068813 0.00008602 10-E2NE-190 147310135009 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.232 562.393 0.00041252 0.00005157 10-E2NE-191 147310135008 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.232 562.393 0.00041252 0.00005157 10-E2NE-195 147310144009 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.143 562.393 0.00025427 0.00003178 10-E2NE-196 147310144008 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.359 562.393 0.00063834 0.00007979 10-E2NE-20 147310102013 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.423 562.393 0.00075214 0.00009402 10-E2NE-200 147310144018 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.077 562.393 0.00013691 0.00001711 10-E2NE-201 147310144020 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.078 562.393 0.00013869 0.00001734 10-E2NE-203 10-E2NE-206 147310145009 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.465 562.393 0.00082682 0.00010335 147310145006 1761915 Weld Count , Colorado [OR 100.000000% 12.500000% 12.500000% 0.286 562.393 0.00050854 0.00006357 10-E2NE-209 147310146004 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.215 562.393 0.00038229 0.00004779 10-E2NE-21 147310102013 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.028 562.393 0.00004979 0.00000622 . 10-E2NE-210 147310146002 1761915 Weld County, Colorado i L0R 100.000000% 12.500000% 12.500000% 0.140 562.393 0.00024894 0.00003112 10-E2NE-211 10-E2NE-212 147310146003 147310146007 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.144 562.393 0.00025605 0.00003201 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.143 562.393 0.00025427 0.00003178 10-E2NE-213 147310146008 1761915 Weld County, Colorado L0R _ 100.000000% 12.500000% 12.500000% 0.143 562.393 0.00025427 0.00003178 10-E2NE-214 147310146006 1761915 Weld County, Colorado [OR 100.000000% 12.500000% 12.500000% 0.215 562.393 0.00038229 0.00004779 10-E2NE-215 147310146010 1761915 Weld County, Colorado L0R 100.000000% 12.500000% i 12.500000% 0.144 562.393 0.00025605 0.00003201 10-E2NE-216 147310146011 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.143 562.393 0.00025427 0.0003178 10-E2NE-217 147310146012 1761915 Weld Count , Colorado L0R 100.000000% 12.500000% 12.500000% 0.072 o 562.393 0.00012802 0.00001600 10-E2NE-24 147310102007 1761915 Weld County, Colorado [OR 100.000000% 12.500000% 12.500000% 0.144 562.393 0.00025605 0.00003201 10-E2NE-25 147310102006 1761915 Weld Count , Colorado L0R 100.000000% 12.500000% 12.500000% 0.072 562.393 0.00012802 0.00001600 10-E2NE-27 147310103001 1761915 Weld County, Colorado [OR 100.000000% 12.500000% 12.500000% 0.241 562.393 0.00042853 0.00005357 10-E2NE-3 147310152001 1761915 Weld County, Colorado L0R 100.000000% 12.500000% 12.500000% 0.144 562.393 0.00025605 0.00003201 10-E2NE-32 147310103001 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.036 562.393 0.00006401 0.00000800 10-E2NE-38 147310112004 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.014 562.393 0.00002489 0.00000311 10-E2NE-40 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 2.460 562.393 0.00437417 0.00054677 10-E2NE-43 147310114011 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.143 562.393 0.00025427 0.00003178 10-E2NE-44 147310114012 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.215 562.393 0.00038229 0.00004779 10-E2NE-45 147310114013 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.143 562.393 0.00025427 0.00003178 10-E2NE-46 147310114014 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.143 562.393 0.00025427 0.00003178 10-E2NE-48 147310114005 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.143 562.393 0.00025427 0.00003178 10-E2NE-52 147310114007 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.215 562.393 0.00038229 0.00004779 10-E2NE-54 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.918 562.393 0.00163231 0.00020404 10-E2NE-6 147310101005 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.215 562.393 0.00038229 0.00004779 10-E2NE-62 147310116001 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.215 562.393 0.00038229 0.00004779 10-E2NE-63 147310116013 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.143 562.393 0.00025427 0.00003178 10-E2NE-64 147310116014 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.215 562.393 0.00038229 0.00004779 10-E2NE-65 147310116003 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.215 562.393 0.00038229 0.00004779 10-E2NE-66 147310116004 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.144 562.393 0.00025605 0.00003201 10-E2NE-73 147310117016 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.181 562.393 0.00032184 0.00004023 10-E2NE-74 147310117017 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.179 562.393 0.00031828 0.00003979 10-E2NE-75 147310117015 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.215 562.393 0.00038229 0.00004779 10-E2NE-76 147310117010 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.215 562.393 0.00038229 0.00004779 10-E2NE-77 147310117011 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.144 562.393 0.00025605 0.00003201 10-E2NE-78 147310117008 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.215 562.393 0.00038229 0.00004779 10-E2NE-79 147310117007 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.144 562.393 0.00025605 0.00003201 10-E2NE-82 147310117005 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.144 562.393 0.00025605 0.00003201 10-E2NE-84 147310117003 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.144 562.393 0.00025605 0.00003201 10-E2NE-85 147310118023 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.310 562.393 0.00055122 0.00006890 10-E2NE-87 147310118004 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.155 562.393 0.00027561 0.00003445 10-E2NE-88 147310118005 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.232 562.393 0.00041252 0.00005157 10-E2NE-89 147310118006 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.232 562.393 0.00041252 0.00005157 10-E2NE-90 147310118007 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.155 562.393 0.00027561 0.00003445 10-E2NE-91 147310118014 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.215 562.393 0.00038229 0.00004779 10-E2NE-92 147310118017 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.215 562.393 0.00038229 0.00004779 10-E2NE-93 147310118022 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.290 562.393 0.00051565 0.00006446 2-SWNW-1 N/A 1799545 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 2.735 562.393 0.00486315 0.00060789 2-SWNW-3 147302000024 1799545 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 33.813 562.393 0.06012344 0.00751543 3-E2SE-11 147303401001 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.864 562.393 0.00153629 0.00019204 3-E2SE-12 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 2.458 562.393 0.00437061 0.00054633 3-E2SE-14 147303408001 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.143 562.393 0.00025427 0.00003178 3-E2SE-15 147303408002 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.144 562.393 0.00025540 0.00003193 3-E2SE-21 147303407011 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.215 562.393 0.00038229 0.00004779 3-E2SE-22 147303407013 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.215 562.393 0.00038229 0.00004779 3-E2SE-23 147303407003 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.144 562.393 0.00025605 0.00003201 3-E2SE-24 147303424001 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.144 562.393 0.00025605 0.00003201 3-E2SE-28 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.951 562.393 0.00169099 0.00021137 3-E2SE-29 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 1.356 562.393 0.00241113 0.00030139 3-E2SE-33 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.792 562.393 0.00140827 0.00017603 3-E2SE-38 S20'ofLot18 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.073 562.393 0.00012980 0.00001623 3-E2SE-49 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.508 562.393 0.00090328 0.00011291 3-E2SE-5 147303403002 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 0.504 562.393 0.00089617 0.00011202 3-E2SE-8 147303401001 1761915 Weld County, Colorado LOR 100.000000% 12.500000% 12.500000% 1.008 562.393 0.00179234 0.00022404 Jessica Reid From: Subject: CTB-Oil and Gas Leasing FW: [External]:RE: Weld County CO - DO Calculations - Verdad Resources LLC's HDIKF Unit From: Lindsay Grose <LGrose@VerdadResources.com> Sent: Wednesday, December 2, 2020 11:49 AM To: CTB-Oil and Gas Leasing <CTB-OilandGasLeasing@co.weld.co.us> Subject: RE: [External]:RE: Weld County CO - DO Calculations - Verdad Resources LLC's HDIKF Unit Cautions This email originated from outside of Weld County Government. Do not click links or open attachments unless you recognize the sender and know the content is safe. Jess, If you click in the cell in Column K that shows Column I / Column J, it shows that's how the value was calculated. If you expand the value in that cell in Column K, it will show each value as it changes getting to that 8t1] digit. For example, this is what cell K17 shows from 8 through 12 digits as expanded on Exh. 5 tab: ® 8 digits: 52.059/562.947 = 0.09247496 • 9 digits: 52.059/562.947 = 0.092474958 • 10 digits: 52.059/562.947 = 0.0924749577 ® 11 digits: 52.059/562.947 = 0.09247495768 12 digits: 52.059/562.947 = 0.092474957678 The Column I total is rounded to 3 decimal places — if you expand I17 on the same Exh. 5 tab to 4 digits, it comes to 52.0585, rounding up to 52.059 & that's where the difference in your calculation vs. the spreadsheet's calculations. The same applies to the other calculations you're asking about. The Column I total in I20 on the Exh. 7 tab is rounded to 3 decimal places from 8 decimal places — 87.57331816 to 87.573; cell I22 on Exh. 10 rounds to 3 decimal places from 6 digits — 72.169636 to 72.170. Let me know if that helps. Thanks, Liviclsavi arose From: CTB-Oil and Gas Leasing <CTB-OilandGasLeasing@co.weld.co.us> Sent: Wednesday, December 2, 2020 12:30 PM To: Lindsay Grose <LGrose@VerdadResources.com> Subject: [External]:RE: Weld County CO - DO Calculations - Verdad Resources LLC's HDIKF Unit Even with rounding I still show a few are off. I apologize for being a pain, but I have to be able to show our attorney's the math is correct before they will allow it to go before the Board for approval. Exh. 5- 52.059 / 562.947= 0.0924758459 (rounded 0.09247585), not 0.09247496 Exh. 9- 35.621 / 280.406= 0.1270336583 (rounded 0.12703366), not 0.12703463 Exh. 10- 72.170 / 562.393= 0.1283266328 (rounded 0.12832663), not 0.12832599 1 if this is an oil and gas communication please use the email ad dr`ess ctb> oilandgasleasinca weldgovn com opposed to my personal email addressc Jess Reid Deputy Clerk to the Board Weld County 1150 O Street Greeley, CO 80631 tel: 970-400-4212 Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Lindsay Grose <LGrose@VerdadResources.com> Sent: Wednesday, December 2, 2020 10:47 AM To: CTB-Oil and Gas Leasing <CTB-OilandGasLeasing@co.weld.co.us> Subject: RE: [External]::RE: Weld County CO - DO Calculations - Verdad Resources LLC's HDIKF Unit Caution: This email originated from outside of Weld County Government. Do not click links or open attachments unless you recognize the sender and know the content is safe. Hi Jess, I made comments within your email & attached spreadsheet for confirmation as well. See below. Let me know if you have more questions with the holidays this month, in order to be placed into pay status for December revenues on these wells, we will need to have the executed DOs by December 10th due to the timing requirements for bank processing. Thanks, Liviosaid @irosc From: CTB-Oil and Gas Leasing <CTB-OilandGasLeasing@co.weld.co.us> Sent: Wednesday, December 2, 2020 11:24 AM To: Lindsay Grose <LGrose@VerdadResources.com> Subject: [External]::RE: Weld County CO - DO Calculations - Verdad Resources LLC's HDIKF Unit Hey Lindsay, 2 I am in the process of getting these wrapped up but a few discrepancies... Exh. 5- Our tract acreage equals 52.059/562.947= 0.0924758459 * .125= 0.01155948 *rounding issue — see HDIKF 10-1H + 3H (Exh. 5) tab, line 17 shows confirmation with rounding (formulated to 8 -digits as that's the extent of our deck capabilities) Exh. 7- Our tract acreage equals 52.059/561.248= 0.0927557871 * .125= 0.01159447, page one shows four lease numbers, only two are applicable to Weld County (1761915, 1873614) *see HDIKF 10-5H + 7H (Exh. 7) tab, line 19 — total acreage for Weld County within the unit comes to 87.573 acres 87.573 / 561.248 = 0.15603319 * 0.125 = 0.01950415; additional leases removed from Column O Exh. 9- Our tract acreage equals 35.621/280.406= 0.1270336583 * .125= 0.01587921 *rounding issue — see I-IDIKF 10-8H + 9H (Exh. 9) tab, line 15 shows confirmation with rounding (formulated to 8 -digits as that's the extent of our deck capabilities) Exh. 10- The first page shows four Lease Nos., only one is applicable to Weld County, page three, about half way down, shows tract information for Lease No. 1799545 so I can't verify calculations until that is removed *see HDIKF 10-11H (Exh. 10) tab — additional leases removed from Column 0 Please reach out if you have questions, otherwise, when I get corrected information these will be ready to go to the Board for approval. If this is an oil and gas communication please use the email address ctb- oiIan as/easing,, WS copposed to my personal email address. r Jess Reid Deputy Clerk to the Board Weld County 1150 O Street Greeley, CO 80631 tel: 970-400-4212 Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Lindsay Grose <LGrose@VerdadResources.com> Sent: Thursday, November 12, 2020 9:38 AM To: CTB-Oil and Gas Leasing <CTB-OilandGasLeasing@co.weld.co.us> Subject: RE: [External]:RE: [External]:RE: Weld County CO - DO Calculations - Verdad Resources LLC's HDIKF Unit This email originated from outside of Weld County Government. Do not click links or open attachments unless you recognize the sender and know the content is safe. No problem, see attached. 3 Thanks, LimosoN Grose From: CTB-Oil and Gas Leasing <CTB-OilandGasLeasing@co.weld.co.us> Sent: Thursday, November 12, 2020 10:31 AM To: Lindsay Grose <LGrose@VerdadResources.com> Subject: [External]:RE: [External]:RE: Weld County CO - DO Calculations - Verdad Resources LLC's HDIKF Unit Lindsay, I hate to be a pain but if you would please send revised calculations then everything is clean and easier to process. if this is an oil an gas communication please use the -r ail address cth, oilandgasleasin eleld gov0corn pposed to my pers nal email a dressc Jess Reid Deputy Clerk to the Board Weld County 1150 O Street Greeley, CO 80631 tel: 970-400-4212 Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Lindsay Grose <LGrose@VerdadResources.com> Sent: Wednesday, November 11, 2020 1:36 PM To: CTB-Oil and Gas Leasing <CTB-OilandGasLeasing@co.weld.co.us> Subject: RE: [External]:RE: Weld County CO - DO Calculations - Verdad Resources LLC's HDIKF Unit This email originated from outside of Weld County Government. Do not click links or open attachments unless you recognize the sender and know the content is safe. Hi Jess, Attached are the revised DOs for Weld County's interests in the HDI wells. The calculations will remain the same as what I had previously sent, but I removed the three leases, parcels & interests that had been incorrectly allocated. If you'd prefer that I send the revised calculations as well, I can do that, too. Let me know if you have any other questions. Thanks, Liviolsau prose 4 .F 24,220 Via Ernaik drithardsonZTerdadresourcesEcow Mr. -. av d Rich,ardset Tifierdad Resources LLC 2S 1711 Street, Suite 550 Denver, Colorado 80202 covering Section 2: Slirtesi 11/1151174 Section 3: S 2N . SEF4 SEMNW14, El2S1174 Sec .: Ea, EI21172 Section 11: 11172174,72 Weld County, , do ILMITED TO DM CODELL AND NIOBRARA.FORMATIONS The h e4e c .iced ,kinds and. foarniatious :re &Teinalleir refined to c vely as the '� j t lane" OWNERSHIP SURFACE MINERALS A -D O; i . AND GAS TITASEHOLD ESTATE Block 1 consisting f Towns 1North, Range 65 West e Pc Stha a SKIS' . 3: SEMINTWI4,, Er2/4 Section :. EPWI, Wel I County, Colorado o ► h 1 North, Limp 65 West 66 Principal {e a . Semen 3: W 4NE.4,, W E/ Section : Wi2E12. �-�. ,may r e County, t'c' or ..c oth3 To Sbp 1 North, age 65 West, < . T - pa . Meridian Section 3: E/ ._ F/L., Et2SE14 Simon 10: Weld. COM', COlOradO Block 4 Township . 1 North, Range 65 West, 6t' {, {$ )�.�P yripal,. Meridian Section ti n 2: S C S C , ! N . 14, P \'TAI SW 4 Section 1.: WW2 Weld ow: Colorado s' First Amended ling and Division Order Title Opinion }1-: '-10-1H dough I 1H wells TIN_ R W„ . PM Pothons of Sedicms 2` 3, 10 and 11 Weld Count, Colorado Pap 6 of314 wrci . M OF OM: AND GAS,, AND THE PROCEEDS O =ff THE : .E OF Off.; AND GAS, PRODUCED FROM TI R0I 1ff 104 AND 3H WELLS, CALCULATED ON THE BASIS OF A DRILLLEgGL SPASPACLNG UMI C317BSEr #1) CONSIOF STENG /$ 24^, : W74NE1= , W72SE14 AND Ef2SW74, OF SECTION 3, zik.ND -HIE r E. Warn it 4U21172 OF SECTION 10,, X R tSW, Cha COUNT \ T ` 2,947 ACRES, MORE OR LESS, METED TO THE CODFIT. AND NIOBRARA . ,4170N3 SE. EXIMIT S MEIISISD 4-22-20) T . THIS OP h ' .: . OWNERSHIP OF OIL AND GAS, AND R EEE at -ROM THE SALE OF OIL A2CD GAS, PRODUCED FROM r tt I i4 10-4H WELL, CALCULATED Off ;Tiff . AMS F A DRI d::.$.i M 1 UNIT R s. ) C��SIS'�1..ILi."°3 O11 THE SW.I4NE14 AND W.S 'f_' OF SECTION 3, AND Tiff 1172E12 OF SECTION 10, Tit R6511r, CONTAINING ZStCONTALNE% 280,842 ACRES, MORE OR LESS, MUTED TO CODELL AND TOR RA FORMATIONS. SEE(REVISED 442-20) OF TIES OPECION, 3:-S.i... OWNERS :.!" • w i OIL A.ND GAS, AND . PROCEEDS FRO ' 71-7= E OF OIL 4.4AD GAS. PRODUCED FROM THE. EMI ICE 10-511 IND 711 WF r CALCULATED ON THY BASIS OF A` NG AND SPACECG UNIT MUT A,43) CONSISTING CONSISTING 7 < Si2NEI4, SEM OF SEC HON 3,. .AN) THE, F/2 OF SECTION 10, TIN, R. 5W, 6th PAL CONTAINING561.248 ACRES, MORE OR INSS, S,: .ro THE (ODELL AiND ATOBRAR4 FORMTIONSi: SEE E H El 7 (WISED 42240a OF TMS _ , I Ym OWNE ` MP OF OIL AND CAS, AND THE PROCEEDS FROM THE. SALE • F 011 AND GAS, PRODUCED FROM THE I F 10-8.11 AND y -_ + ' ;; CALCULAIID ONTAE BASIS OF A DRUIDIC AND A L UNIT PN •CONSISTENG OF THE SEMI/4SEMINES4 AND f2S 14. OF SECTION 3, AND TILE E12EI OF SECTION 43 TIN, .R65117, 6ith C T om ... ._. .280.406 ACES, MORE OR LESS, MUTED . E L AND i � OBRARA FORM: N a SEE. =MIT (CORRECTED 4-22-20) OF THIS O . ,f �? . . TQ INTN ERS: 1, ' OF OIL AND GAS„,AND THE: PROCEEDS FROM THE SATE t 3. OIL ([y �4 T G S5 PRODUCED ED `3 3 i f: I 10-11H WELL, E LL CALCULATED t .ED ON 3+S _ '^ _ y BASIS. OF .i DRELLNG AND SPA.CING UNIT CATBSU #.5) CONSISTING F T :SS11,4NW14 AND 13/411281174. O. ` SECTION.. Tom. SE-NE/4 AND E SE/4 OF SECTION y EnE12 ?2 OFSECTION10 ' �• �E Wtf�' . OF SECTION'^�II, '$ TIN, R651-4-, CO. 6th C ON. SIS OF 562393 ACRES, MORE OR LESS., LIMITED TO 11. CEN. I APO MOBRA 4 FORMTIONS SEE EXTITRIT ,t`IE.SEI 4-22-20) OE PUS OPThilON. Thanks, Oirosc Lindsay Grose Division Order Analyst Please note new address for the Dallas ce below: Verdad Resources, LLC 5950 Sherry Lane, Suite 700 Balks, Texas 75225 P: 214-838-2765 F: 214-357-9358 Email: lgrose@verdadresources.com 12/2/2020 COGIS - WELL Information COGCC Data Scout Card C Related 14.-- Insp. L MIT O GIS [ $ Doc a COA 1W Wellbore Surface Location Data for API # 05-123-46159 Well Name/No: Operator: Status Date: FacilitylD: County: Field: Planned Location 500 FSL 592 FEL Chemical Disclosure Registry Wellbore Data for Sidetrack Spud Date: Wel'bore Permit Permit #: Prop Depth/Form: Mineral Owner: Unit: Formation and Spacing: Formation and Spacing: Casing: Cement: Casing: Cement: Casing: Cement: Wellbore Completed Completion Date: Measured TD: True Vertical TD: Top PZ Location: Bottom Hole Location: Orders Status: PR 7/15/2019 HDI KF#10-11H H (click well name for production) VERDAD RESOURCES LLC - 10651 7/15/2019 Federal or State Lease #: 453505 LocationlD: WELD #123 Location: WAT T ENBERG - #90750 Elevation: Lat/Long: 40.060105/-104.642605 453512 SESE 10 1N65W 6 PM 5,013 ft. Lat/Long Source: Field Measured Job Date: 3/9/2019 Reported: 5/9/2019 Days to report: 38 Job End Date: 4/1/2019 #00 Status: PR 7/15/2019 2/24/2019 Spud Date is: NOTICE HORIZONTAL Expiration Date: 15390 Surface Mineral Owner Same: FEE Surface Owner: FEE Unit Number: Code: CODL , Formation: CODELL , Order: , Unit Acreage: 560, Drill Unit: GWA Code: NBRR , Formation: NIOBRARA , Order: , Unit Acreage: 560, Drill Unit: GWA String Type: CONDUCTOR , Hole Size: 24, Size: 16, Top: 0, Depth: 80, Weight: 65 Sacks: 70, Top: 0, Bottom: 80, Determination Method: String Type: SURF , Hole Size: 13.5, Size: 9.625, Top: 0, Depth: 1700, Weight: 36 Sacks: 462, Top: 0, Bottom: 1700, Determination Method: String Type: 1ST , Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 15214, Weight: 20 Sacks: 1940, Top: , Bottom: 15214, Determination Method: N/A Sec: 10 Twp: 1N 65W Sec: 3 Twp: 1N 65W Formation Log Top Completed information for formation N-COM 1st Production Date: 2/1/2019 Status Date: 6/1/2020 Commingled: Formation Name: Tubing Size: Tubing Packer Depth: Open Hole Top: No Initial Test Data was found for formation N-COM . No Perforation Data was found for formation N-COM NOT COMPLETED 12/10/2020 4:54:19 PM Measured PB depth: True Vertical PB depth: Footage: 460 s 50 E Depth Footages: 2340 FNL 50 FEL Depth Log Bottom Choke Size: Open Hole Completion: Production Method: Status: Tubing Setting Depth: Tubing Multiple Packer: Open Hole Bottom: Cored Status: PR 6/1/2020 PR Completed information for formation NBRR Status: PR 7/15/2019 1st Production Date: Status Date: Commingled: Formation Name: Formation Treatment Treatment Date: 7/3/2019 7/15/2019 N NIOBRARA Choke Size: Open Hole Completion: Production Method: Status: Treatment Type: 3/9/2019 Treatment End Date: N PR FRACTURE STIMULATION 4/1/2019 Treatment summary: FR Water 315778 bbls, Treated Water 15793 bbls, 7.5% HCL 3131 bbls, 100 mesh 3375150 lbs , 40/70 white 6631945 lbs Flowback is measured by strapping a flowback tank every hour during initial flowback and from tank gauges during permanent facility flowback. Total fluid used in treatment (bbls): 334702 Max pressure during treatment (psi): 11517 Total gas used in treatment (mcf): Fluid density (lbs/gal): 8.34 Type of gas: Number of staged intervals: 50 DSTs https://cogcc.state.co.us/data5_ext.html#/cogis 1/2 12/2/2020 COGCC Data Total acid used in treatment (bbls): 3131 Recycled water used in treatment (bbls): Produced water used in treatment (bbls): 331571 Total proppant used (Ibs): 10007095 Reason green techniques not utilized: PIPELINE Tubing Size: 2.375 Tubing Packer Depth: 7049 Open Hole Top: Initial Test Data: Test Date: Hours Tested: Gas Disposal: Test Type BBLS_H2O BBLS_OIL BTU_GAS CALC_BBLS_H2O CALC_BBLS_OIL CALC_GOR CALC_MCF_GAS GRAVITY_OIL MCF_GAS TUBING_PRESS Perforation Data: Interval Bottom: 15019 # of Holes: 1200 7/15/2019 24 FLARED Measure 225 288 1353 225 288 1045 301 43 301 2002 Min frac gradient (psi/ft): 0.91 Total flowback volume recovered (bbls): 5993 Disposition method for flowback: DISPOSAL Green completions techniques utilized: Tubing Setting Depth: Tubing Multiple Packer: Open Hole Bottom: Test Method: Gas Type: Interval Top: Hole Size: 7040 Flowback WET 7547 0.36 https://cogcc.state.co.us/data5_ext.html#/cogis 2/2 COUNTY s'kTTORNEY STAFF APPROVIiL This is to affirm the attached Division Order and authorization to receive payment for an oil and gas well has been reviewed by the County Attorney's staff as to form and legal description. Well Name(s): HDIKF 10-11H File Location(s): LE0062-1, LE0062-2 / BY: o Bruce Barker - County Attorney DATE: 01/2 NOTES: 72.170 mineral acres/ 562.393 acres spacing unit * .125 = 0.01604075 MATCH Please see attached email for explanation of rounding process. Hello