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HomeMy WebLinkAbout20181073.tiffNADOA Model Form Division Order (Adopted 9/95) DIVISION ORDER To: PDC Energy, Inc 1775 Sherman Street, Suite 3000 Denver, CO 80203 Attn: Joshua Schumacher (303) 318-6186 or Joshua.Schumacher@pdce.com Property Number: 105.10107 O5- lab -112551 Property Name: Chesnut 21Y-401 Operator: PDC Energy, Inc County and State: Weld, Colorado Property Township 5 North, Range 64 West Description: Section 21: SESE, Spacing unit: Section 21: E2E2 Production: X Oil X Gas X Date: March 21, 2018 Effective Date: May 6, 2016 Other: all products Owner Name and Address: Weld County Board of Comm PO Box 758 Greeley, CO 80632-0758 OWNER NUMBER: 43444 Type of Interest: RI Decimal Interest: 0.00040065 See Exhibit A: The undersigned certifies the ownership of their decimal interest in production or proceeds as described above payable by PDC Energy, Inc. (Payor). Payor 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. Payor 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 Payor any amount attributable to an interest to which the undersigned is not entitled. Payor may accrue proceeds until the total amount equals $50.00, or pay yearly whichever occurs first, or as required by applicable state statute. 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 gas. In addition to the terms and conditions of this Division Order, the undersigned and Payor may have certain statutory rights under the laws . th- state in which the property is to ed. SIGNATURE: BOARD OF WSIID ATTE CLE T' B' BY: DEPUTY CLER 4 O T BOARD 018 Weld County Government 150 "0" Street reeley, CO 80634 hone: 970-336-7204 Fax: 970-336-7233 Tax ID: 84-6000-813 Federal Law requires you to furnish you�roc 1 Security or Taxpayer Identification Number. Failure to comply will result in 28 % tax withholding and will not be refundable by Payor JMS Retain this copy for your records Co(1sex, \- Age.Rdo, LI i 2018-10731) i LEO Vi Exhibit A 105.101607 - Chesnut 21Y-401 Owner No. Credit To Type Interest 43444 Weld County Board of Comm (100%*18.5%*(.12/323.22))+(100%* 18.5%*(.34/323.22))+(100%*18.5 %*(.12/323.22))+(100%*18.5%*(.12/323.22)) = RI 0.00040065 << Your Interest Mineral Interest x Lease Royalty x (Tract Acres / Unit Acres) 2\tLto1 5p0 L4 .S•:• �-. ? : ''!i''fT vt y.'>1N , v -K..> � � - --Gi � ei1y> .'4q<. .Y � � h y E �j�>� 5. 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F�fSF���.'.�a'�i�[5�'�`> Weld County Colorado 9ll 13B NOPPC 8 100.000000% a 0.1200 323.2200 _, >"FZ/f`e*:!>_< ....- 0.0000686839 ' 4. f.`hT%F9 J.'2Vu`e2�F 0.000068685 1'r�'+P' LOR 9L BB NOPPC 8 100.000000%' �.' �' 1 0.3400 323.2200 0.0001946043 0.00019460 LOR 91-1 1313 NOPPC 3 100.000000% IVY '' ,�s. bZ vw'� a. 0.1200 323.2200 0.0000686839 0.00006868 LOR 9O B13 NOPPC 8 o 100.000000/ ate;.d ::� ;_;� _s � � 0.1200 323.2200 0.0000686839 0.00006868 LOR M < � \� Q 4 \ `\ Y LA C L y?" k Z \ \•C x �VS yy qq ��, r \ L \ � J 1! >' E\ ,,,\a \ , Y Zv � P `t � C � t\ •J\ l'U 1. R\ � \ C � � \o ��`c \t 3. \2 � \\\ \v N f `> \ a � ,a�'Y4. L S \ :ice . ` \` •� , �\ 1 `� \, �. L t \ A , 6\\ . \ �•\ M W 'E ` v, f,e \ >: \,< s � � � t" > \A. \ `0. ES`� "H � \..,-,7- , �\, `%.\ � \ � �' \a1.` `v Z Tom vaCC .. ' \ \. r n e l . � �,..A,-A,ul \F, 1 3 C S ,\.. $te t\, a•. \e\ ..a \ �^+ `., '1. �,., .A Section 22: That portion of the NW/4NW/4 lying North of the boundary line established in Quitclaim Deeds dated August 27, 1992, recorded at Reception Nos. 2301605 and 2301606 1 A 22.7200 Section 22: That portion of the NW/4NW/4 of Section 22 as described by metes 1B 12.5000 Section 22: That Portion of the NW/4NW/4 as described in Rule and Order IC 1.0700 Section 22: That Portion of the NW/4NW/4 as described in Rule and Order Ill 2.0300 Section 22: That portion of Lot A of Recorded Exemption No. 0963-22-2RE2634 1E 2.2100 Section 22: That portion of the SW/4NW/4 lying North of the Boundary line 2A 0.5100 Section 22: That Portion of the SW/4NW/4 as described in Rule and Order Weld 2B 2.3400 Section 22: That Portion of the SW/4NW/4 as described in Rule and Order Weld 2C 1.3900 Section 22: That portion of Lot A of Recorded Exemption No. 0963-22-2RE2634 2D 3.6500 Section 22: That part of the SW/4NW/4 of Section 22 which is part of the Kohler 21? 28.6700 Section 22: The Railroad Right -of -Way in the SW/4NW/4 2F 3.0600 Section 22: That portion of the SW/4NW/4 lying South of the Railroad Right -of- 2G 0.8800 Section 22: NW/4SW/4 3 40.8800 Section 22: That portion of the SW/4SW/4 located in Lot B of Recorded 4A 39.2200 Section 22: Lot A of Recorded Exemption No. 0963-22-2-RE560 located in the 4B 1.4900 Section 21: NE/4NE/4 5 40.0900 Section 21: SE/4NE/4 8 40.0000 Section 21: That portion of the NE4/SE/4 less and except Tracts 9B through 9V 9A 34.4800 Section 21: Lot 1 and N/2 of Lot 10, Kersey Colony Subdivision, per plat 9B 0.2000 Section 21: Lots 2, 9 and the N/2 of Lot 12, Kersey Colony Subdivision, per plat 9C 0.2800 Section 21: Lot 3, Kersey Colony Subdivision, per plat recorded at Reception No. 9D 0.1200 Section 21: Lot 8, Kersey Colony Subdivision, per plat recorded at Reception No. 9E 0.1200 Section 21: Lot 4, Kersey Colony Subdivision, per plat recorded at Reception No. 9F 0.1200 Section 21: Lot 5, 6, 15, 16, and 25, Kersey Colony Subdivision, per plat 9G 0 5fi00 Section 21: Lot 7, Kersey Colony Subdivision, per plat recorded at Reception No. 9H 0.1200 Section 21: Lot 11, 20 and the S/2 of Lot 10, Kersey Colony Subdivision, per plat 9I 0.3200 Section 21: Lot 19, 22 and the S/2 of Lot 12, Kersey Colony Subdivision, per plat 9J 0.2800 Section 21: Lot 13 and the N/2 of 18, Kersey Colony Subdivision, per plat 9K 0.1800 Section 21: Lot 14, 17, and 24, Kersey Colony Subdivision, per plat recorded at 9L 0.3400 Section 21: Lot 23 and the S/2 of Lot 18, Kersey Colony Subdivision, per plat 9M 0.1800 Section 21: Lots 21, 30 and 31, Kersey Colony Subdivision, per plat recorded at 9N 0.3900 Section 21: Lot 26, Kersey Colony Subdivision, per plat recorded at Reception 9O 0.1200 Section 21: Lots 27, 34, 35, 36, and 37, Kersey Colony Subdivision, per plat 9P 0.5700 Section 21: Lot 28 and the N/2 of 33, Kersey Colony Subdivision, per plat 9Q 0.1800 Section 21: Lot 29 and 32, Kersey Colony Subdivision, per plat recorded at 9R 0.2200 Section 21: Lot 38 and the S/2 of Lot 33, Kersey Colony Subdivision, per plat 9S 0.1800 Section 21: Lot 39 and 40, Kersey Colony Subdivision, per plat recorded at 9T 0.2400 Section 21: Lots A and B, Kersey Colony Subdivision, per plat recorded at 9U 0.4200 Section 21: Lots C, D, and E, Kersey Colony Subdivision, per plat recorded at 9V 0.6000 Section 21: that Part of the SE/4SE/4 Less and Except Tracts 12B and 12C 12A 37:7760 Section 21: that portion of the SE/4SE/4 known as Parcel A of Subdivision 1213 1.2930 Section 21: that portion of the SE/4SE/4 known as Parcel B of Subdivision 12C 1.2010 . A.'.< \ \ \ l C2t$,'\'\�\ \ 4 * \ \: 2 C . �\ `Y `11 e �s ' P \ \ a\ i \ t-;, Vj aA v,� V >v,>S>vAw vvv Av v'v�V Afcvjv.AA'Vv k v\ i Y \. `v v �A...�Vv \,.. Al^t`�JA.. �>Mvv vvv_. � 11,3v, A\y, A, Z i v C J\��h vvn\.A AP3. r S>v> QQ x: > -.vAA .ta. 1»vaAV,of AJe\ivAVv\ g�\y<:3t::v�xO.. A 5v'¢ f\rtvd VAA. ASH �.� FC..�hv .1..>�, �u 323.2200 COGIS - WELL Information Page 1 of 3 COGIS WELL Information Scout Card !t,. Related Ckinsp,Okb MIT al GIS Surface Location Data for API # 05-123-42857 Well Name/No: Operator: Status Date: FacilitylD: County: Field: Planned Location As Drilled Location Frac Focus Chemical Disclosure Registry CHESNUT #21Y-401 PDC ENERGY INC - 69175 4/3/2017 445023 WELD #123 WATTENBERG - #90750 659 FSL 414 FEL Footages Not Available Job Date: 3/16/2017 Job End Date: 3/22/2017 Wellbore Data for Sidetrack #00 Spud Date: Wellbore Permit Permit #: Prop Depth/Form: Mineral Owner: Unit: Formation and Spacing: Casing: Cement: Casing: Cement: Casing: Cement: Wellbore Completed Completion Date: Measured TD: True Vertical TD: Top PZ Location: Sec: 21 Bottom Hole Location: Sec: 21 Log Types: Casing: Cement: Casing: Cement: a Doc C. COA Wellbore : Orders Status: PR 4/3/2017 (click well name for production) Federal or State Lease #: LocationID: Location: Elevation: Lat/Long: 40.37929/-104.54678 Lat/Long: 40.37929/-104.54678 444671 SESE 21 5N64W 6 PM 4,644 ft. Lat/Long Source: Field Measured Lat/Long Source: Field Measured Reported: 4/21/2017 Days to report: 30 Status: PR 4/3/2017 5/6/2016 Spud Date is: HORIZONTAL Expiration Date: 11399 Surface Mineral Owner Same: FEE Surface Owner: Unit Number: Code: CODL , Formation: CODELL , Order: , Unit Acreage: 320, Drill Unit: GWA String Type: SURF , Hole Size: 12.5, Size: 9.625, Top: 0, Depth: 1450, Weight: 36 Sacks: 920, Top: 0, Bottom: 1450, Method Grade: String Type: 1ST , Hole Size: 8,5, Size: 5.5, Top: 0, Depth: 11399, Weight: 20 Sacks: 2035, Top: 0, Bottom: 11399, Method Grade: String Type: 1ST LINER Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 11399, Weight: 20 Sacks: 2035, Top: 0, Bottom: 11399, Method Grade: 5/10/2016 11376 Measured PB depth: 6818 True Vertical PB depth: Twp: 5N 64W Footage: 543 FSL 213 FEL Twp: 5N 64W Footages: 501 FNL 224 FEL CBL, MWD (DIL in 123-22006) String Type: SURF , Hole Size: 12.25, Size: 9.625, Top: 0, Depth: 1470, Weight: 36 Sacks: 680, Top: 0, Bottom: 1470, Method Grade: VISU String Type: 1ST , Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 11376, Weight: 20 Sacks: 1780, Top: 580, Bottom: 11376, Method Grade: CBL Formation PARKMAN SUSSEX SHANNON SHARON SPRINGS NIOBRARA FORT HAYS CODELL CARLILE Completed information for formation CARL Log Top 3584 4248 4938 6489 6631 7080 7199 7465 1st Production Date: N/A Status Date: 11/9/2017 Commingled: Y Formation Name: CARLILE Formation Treatment Treatment Date: 11/9/2017 Treatment summary: Completed Depths: 7484-7629, 7807-8000, 8275-9204 Total fluid used in treatment (bbls): Total gas used in treatment (mcf): Type of gas: Total acid used in treatment (bbls): Recycled water used in treatment (bbls): Produced water used in treatment (bbls): Total proppant used (Ibs): Reason green techniques not utilized: Tubing Size: Tubing Packer Depth: Open Hole Top: No Initial Test Data was found for formation CARL . Perforation Data: Interval Bottom: 9204 # of Holes: 1356 Log Bottom Status: CM 11/9/2017 Choke Size: Open Hole Completion: Production Method: Status: Treatment Type: Treatment End Date: Max pressure during treatment (psi): Fluid density (lbs/gal): Number of staged intervals: Min frac gradient (psi/ft): Total flowback volume recovered (bbls): Disposition method for flowback: Green completions techniques utilized: Tubing Setting Depth: Tubing Multiple Packer: Open Hole Bottom: Interval Top: Hole Size: ACTUAL 3/1/2018 3:34:54 PM FEE 11361 6818 Depth Depth N CM N/A 7484 0.42 Cored DSTs http://cogee.state.co.us/cogis/FacilityDetail.asp?facid 123428 57& pe=WF,LL 3/21/2018 COGIS - WELL Information Page 2 of 3 Completed information for formation CODL 1st Production Date: Status Date: Commingled: Formation Name: Formation Treatment Treatment Date: Treatment summary: Completed Depths: 7202-7484, 7629-7807, 8000-8275, Total fluid used in treatment (bbls): Total gas used in treatment (mcf): Type of gas: Total acid used in treatment (bbls): Recycled water used in treatment (bbls): Produced water used in treatment (bbls): Total proppant used (Ibs): Reason green techniques not utilized: Tubing Size: Tubing Packer Depth: Open Hole Top: No Initial Test Data was found for formation CODL . Perforation Data: Interval Bottom: 10573 # of Holes: 1356 Completed information for formation FTHYS 1st Production Date: N/A Status Date: 11/9/2017 Commingled: Y Formation Name: FORT HAYS Formation Treatment Treatment Date: 11/9/2017 Treatment summary: Completed Depths: 7128-7202, 10573-10998 Total fluid used in treatment (bbls): Total gas used in treatment (mcf): Type of gas: Total acid used in treatment (bbls): Recycled water used in treatment (bbls): Produced water used in treatment (bbls): Total proppant used (Ibs): Reason green techniques not utilized: Tubing Size: Tubing Packer Depth: Open Hole Top: No Initial Test Data was found for formation FTHYS . Perforation Data: Interval Bottom: 10998 # of Holes: 1356 Completed information for formation N-COM 1st Production Date: 5/1/2016 Status Date: 5/1/2016 Commingled: Formation Name: NOT COMPLETED 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 . Completed information for formation NBRR N/A 11/9/2017 Y NIOBRARA N/A 11/9/2017 Y CODELL 11/9/2017 1st Production Date: Status Date: Commingled: Formation Name: Formation Treatment Treatment Date: 11/9/2017 Treatment summary: Completed Depths: 10998-11321 Total fluid used in treatment (bbls): Total gas used in treatment (mcf): Type of gas: Total acid used in treatment (bbls): Recycled water used in treatment (bbls): Produced water used in treatment (bbls): Total proppant used (Ibs): Reason green techniques not utilized: Tubing Size: Tubing Packer Depth: Status: CM 11/9/2017 Choke Size: Open Hole Completion: Production Method: Status: Treatment Type: Treatment End Date: 9204-10573 Max pressure during treatment (psi): Fluid density (lbs/gal): Number of staged intervals: Min frac gradient (psi/ft): Total flowback volume recovered (bbls): Disposition method for flowback: Green completions techniques utilized: Tubing Setting Depth: Tubing Multiple Packer: Open Hole Bottom: Interval Top: Hole Size: Status: CM Choke Size: Open Hole Completion: Production Method: Status: Treatment Type: Treatment End Date: N CM N/A 7202 0.42 11/9/2017 N CM N/A Max pressure during treatment (psi): Fluid density (lbs/gal): Number of staged intervals: Min frac gradient (psi/ft): Total flowback volume recovered (bbls): Disposition method for flowback: Green completions techniques utilized: Tubing Setting Depth: Tubing Multiple Packer: Open Hole Bottom: Interval Top: Hole Size: Status: CM Choke Size: Open Hole Completion: Production Method: Status: Tubing Setting Depth: Tubing Multiple Packer: Open Hole Bottom: 7128 0.42 5/1/2016 CM Status: CM 11/9/2017 Choke Size: Open Hole Completion: N Production Method: Status: CM Treatment Type: Treatment End Date: N/A Max pressure during treatment (psi): Fluid density (lbs/gal): Number of staged intervals: Min frac gradient (psi/ft): Total flowback volume recovered (bbls): Disposition method for flowback: Green completions techniques utilized: Tubing Setting Depth: Tubing Multiple Packer: http://cogcc.state.co.us/cogis/FacilityDetail.asp?facid=12342857&type=WELL 3/21/2018 COGIS - WELL Information Page 3 of 3 Open Hole Top: No Initial Test Data was found for formation NBRR Perforation Data: Interval Bottom: 11321 # of Holes: 1356 Completed information for formation NFCC 1st Production Date: Status Date: Commingled: Formation Name: Formation Treatment Treatment Date: 3/28/2017 4/3/2017 N NIOBRARA-FORT HAYS-CODELL-CARLILE 3/16/2017 Treatment summary: 25 Stage Plug and Perf, Perfd from 7128-11209, 3 Toe Sleeves fr Fluid: 30,769 bbls 15% HCI Add: 575 bbls Total Silica Proppant: 4,4660,000 Total fluid used in treatment (bbls): 80826 Total gas used in treatment (mcf): Type of gas: Total acid used in treatment (bbls): 575 Recycled water used in treatment (bbls): Produced water used in treatment (bbls): 80250 Total proppant used (Ibs): 44660000 Reason green techniques not utilized: Tubing Size: 2.375 Tubing Packer Depth: Open Hole Top: Initial Test Data: Test Date: 4/3/2017 Hours Tested: 24 Gas Disposal: SOLD Test Type Measure BBLS_H20 659 BBLS_OIL 254 BTU_GAS 1307 CALC_BBLS_H2O 659 CALC_BBLS_OIL 254 CALC_GOR 2976 CALC_MCF_GAS 756 CASING_PRESS 2658 GRAVITY_OIL 49 MCF_GAS 756 TUBING_PRESS 1778 Perforation Data: Interval Bottom: 11321 # of Holes: 1356 Open Hole Bottom: Interval Top: Hole Size: Status: PR 4/3/2017 Choke Size: Open Hole Completion: N Production Method: Status: PR Treatment Type: FRACTURE STIMULATION Treatment End Date: 3/22/2017 rom 11227-11321 Total Fluid: 80,826 bbls Gel Fluid: 49,482 bbls lbs Method for determining flowback: measuring flowback tank volumes Max pressure during treatment (psi): 4324 Fluid density (lbs/gal): 8.34 Number of staged intervals: 25 Min frac gradient (psi/ft): 0.97 Total flowback volume recovered (bbls): 4501 Disposition method for flowback: DISPOSAL Green completions techniques utilized: True Tubing Setting Depth: Tubing Multiple Packer: Open Hole Bottom: Test Method: Gas Type: Interval Top: Hole Size: 10998 0.42 6959 Flowing WET 7128 0.42 http://cogcc.state.co.us/cogis/FacilityDetail.asp?facid=12342857&type=WELL 3/21/2018 Summary of Lease BB Dated: Recorded: Lessor: (Covering a 100% mineral interest in Tracts 9D, 9H, 91, and 9O) February 26, 2016 March 4, 2016 a Weld County, Colorado, a political subdivision of the State of Colorado, acting by and through the Board of County Commissioner of the County of Weld Lessee: Aztec Exploration, LLC Lands Covered: Primary Term: Royalty: Delay Rentals: Shut-in Royalty Clause: Lesser Interest Clause: Pooling Clause: Entireties Clause: Warranty Clause: Pugh Clause: Special Provisions: Township 5 North, Range 64 West, 6th P.M. Section 21: Lots 3, 7, 14, 17, 24 and 26, Kersey Colony Subdivision Containing 0.5855 acres, more or less Weld County, Colorado Until the hour of twelve o'clock noon on February 26, 2019 18.5% None, Paid -up Yes. If Lessee is unable to produce oil and/or gas due to a lack of a suitable market, Lessor may grant Lessee a suspension of obligations to produce until a suitable market can be found, provided that Lessee shall pay to Lessor a shut-in royalty equal to $2.50 per acre of the lease per annum in addition to the annual rental. The minimum amount of such shut-in royalty payment shall be $240. The maximum extension of the lease due to the existence of a shut-in well, shall be 5 years beyond the extension term. The granting of any further extensions shall be at the sole option of Lessor. Yes Yes, broad form pooling clause with no acreage limitation None None None This Lease contains numerous additional special provisions, including, but not limited to: EXHIBIT "A" Supplemental Drilling and Division Order Title Opinion November 20, 2015 E/2 Sec. 21 & W/2W/2 Sec. 22, Township 5 North, Range 64 West 6`" P.M. Weld County, Colorado Page 173 ASSIGNMENTS — Lessee, upon payment of a $100.00 fee and with the written consent of Lessor, shall have the right to assign this lease as to the entire leasehold interest of laid Lessee in all or part of the lands covered hereby. If any assignment of a portion of the land covered hereby shall be approved, a new lease shall be issued to the Assignee covering the assigned land, containing the same terms and conditions as this lease, and limited as to term as this lease is limited, and the Assignor shall be released and discharged from further obligations and liabilities as to that portion so assigned. OVERRIDING ROYALTY - Any and all reservations or assignments of overriding royalties shall be subject to approval of Lessor. The total of said overriding royalties shall not exceed 5 percent, including any overriding royalties previously provided for. In the event that production drops to an amount that would cause the well to be shut-in or to be plugged, then overriding royalties based on last in first out, or prorated, may be suspended to allow the well, if possible, to be economic. A reservation or assignment of an overriding royalty interest shall not relieve Lessee of any of its obligations for payment of royalties to Lessor as provided by ROYALTY paragraph herein. EXTENSION - If Lessee shall have failed to make discovery of oil and gas or either of them in paying quantities during the primary term hereof, or during drilling operations commenced during the primary term hereof, Lessee may make written application to Lessor to extend this lease.. . See the subject Lease for additional special provisions. Affidavits of Lease Extension: None Assignments of Working Interests: 1. Document: Assignment of Oil and Gas Lease Dated: March 4, 2016 Recorded: March 4, 2016 at Reception No. 4185794 EXHIBIT "A" Supplemental Drilling and Division Order Title Opinion November 20, 2015 E/2 Sec. 21 & W/2W/2 Sec. 22, Township 5 North, Range 64 West 6`h P.M. Weld County, Colorado Page 174 Assignor: Aztec Exploration, LLC Assignee: Incline Niobrara Partners, LP Lands Covered: All of the Lease premises Interest Conveyed: All of the Assignor's interest in the above Lease Interest Reserved: None Depth Limit: None Special Provisions: None Assignments of Overriding Royalty Interests: None EXHIBIT "A" Supplemental Drilling and Division Order Title Opinion November 20, 2015 E/2 Sec. 21 & W/2W/2 Sec. 22, Township 5 North, Range 64 West 6th P.M. Weld County, Colorado Page 175 COUNTY ATTORNEY STAFF APPROVAL 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): Chesnut #21Y-401 File Location(s): LE0392 B Brute Barker - County Attorney DATE: NOTES: .12 mineral acres/ 323.22 acres spacing unit * 18.5% = 0.0000686 MATCH .34 mineral acres/ 323.22 acres spacing unit * 18.5% = 0.0001946 .12 mineral acres/ 323.22 acres spacing unit * 18.5% = 0.0000686 .12 mineral acres/ 323.22 acres spacing unit * 18.5% = 0.0000686 0.00040065 MATCH NADOA Model Form Division Order (Adopted 9/95) DIVISION ORDER To: PDC Energy, Inc 1775 Sherman Street, Suite 3000 Denver, CO 80203 Attn: Joshua Schumacher (303) 318-6186 or Joshua.Schumacherna,pdce.com Property Number: Property Name: Operator: County and State: Property Description: Production: 105.101305, 105.101306 Chesnut 21T-221,thesnut 21Y-341 PDC Energy, Inc Weld, Colorado Township 5 North, Range 64 West Section 21: SESE X Oil X Gas X Date: March 21, 2018 Effective Date: May 1, 2016; May 11, 2016 APZ5 t° o5-Ia3—yZg55 z'o5- tao-y2$Cp Other: all products Owner Name and Address: Weld County Board of Comm PO Box 758 Greeley, CO 80632-0758 OWNER NUMBER: 43444 Type of Interest: RI Decimal Interest: 0.00080635 See Exhibit A: The undersigned certifies the ownership of their decimal interest in production or proceeds as described above payable by PDC Energy, Inc. (Payor). Payor 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. Payor 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 Payor any amount attributable to an interest to which the undersigned is not entitled. Payor may accrue proceeds until the total amount equals $50.00, or pay yearly whichever occurs first, or as required by applicable state statute. 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 gas. In addition to the terms and conditions of this Division Order, the undersigned and Payor may have certain statutory rights under the laws olet�ie ate in which the property is located. SIGNATURE: BOARD OF D C UNTY ATTES CLER BY: DEPUTY CLERK r/. THBOARD eld County Government 0 "O" Street eley, CO 80634 ne: 970-336-7204 : 970-336-7233 x ID: 84-6000-813 JMS Federal Law requires you to furnish yo F ty or Taxpayer Identification Number. Failure to comply will result in 28 % tax withholding and will not be refundable by Payor t AtspaCk k Retain this copy for your recolds otokr--k75(44/ LE o3°la Exhibit A 105.101306 - Chesnut 21Y-341 Owner No. Credit To Type Interest 43444 Weld County Board of Comm (100°/018.5%*(.12/160.6))+(100%*18.5%*(.34/160.6))+(100%*18.5%* (.12/160.6))+(100%*18.5%*(.12/160.6)) = RI 0.00080635 << Your Interest Mineral Interest x Lease Royalty x (Tract Acres / Unit Acres) ---am 'arC --atm\ .. -,-�y< .ya.v»._ s ..e T¢ _ c s. 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P,_ a<>?� 5'�. `>wnw � - `NT. f i.,. �. ..a ��. ....:...»: Weld County, CO 9D BB NOPPC 8 100.000000% 1g.500000% 0.1200 160.6000 0.00013823 I6 0.00013823 D 0..: LOR 911 BB NOPPC 8 100.000000% 1;8.,00000%` 0.1200 160.6000 0.0001382316 0.00013823 LOR 9L BB NOPPC S 100.000000% :*0000% 0.3400 160.6000 0.0003916563 0.00039166 LOR i 9O BB NOPPC S 100.000000% ea ix 0.1200 160.6000 0.0001382316 0.00013823 LOR wvx �wmr=w.F xu ro' w+' v n v � k \ g { ti \ C r, r.; \ t t a% t N.t h A V �a w , � <r S '1k', �\ \ n tF. \ A. FA 1 �3 L�a . ab \\ <;;;: Section 21: NE/4NE/4 5 40.0900 Section 21: SE/4NE/4 8 40.0000 Section 21: That portion of the NE4/SE/4 less and except Tracts 9B through 9V 9A 34.4800 Section 21: Lot I and N/2 of Lot 10, Kersey Colony Subdivision, per plat 9B 02000 Section 21: Lots 2, 9 and the N/2 of Lot 12, Kersey Colony Subdivision, per 9C 0.2800 Section 21: Lot 3, Kersey Colony Subdivision, per plat recorded at Reception 9D 0.1200 Section 21: Lot 8, Kersey Colony Subdivision, per plat recorded at Reception 9E 0.1200 Section 21: Lot 4, Kersey Colony Subdivision, per plat recorded at Reception 9F 0.1200 Section 21: Lot 5, 6, 15, 16, and 25, Kersey Colony Subdivision, per plat 9G 0.5800 Section 21: Lot 7, Kersey Colony Subdivision, per plat recorded at Reception 91-1 0.1200 Section 21: Lot 11, 20 and the S/2 of Lot 10, Kersey Colony Subdivision, per 91 0.3200 Section 21: Lot 19, 22 and the S/2 of Lot 12, Kersey Colony Subdivision, per 9J 0.2800 Section 21: Lot 13 and the N/2 of 18, Kersey Colony Subdivision, per plat 9K 0.1800 Section 21: Lot 14, 17, and 24, Kersey Colony Subdivision, per plat recorded at 9L 0.3400 Section 21: Lot 23 and the S/2 of Lot 18, Kersey Colony Subdivision, per plat 9M 0.1800 Section 21: Lots 21, 30 and 31, Kersey Colony Subdivision, per plat recorded 9N 0.3900 Section 21: Lot 26, Kersey Colony Subdivision, per plat recorded at Reception 9O 0.1200 Section 21: Lots 27, 34, 35, 36, and 37, Kersey Colony Subdivision, per plat 9P 0.5700 Section 21: Lot 28 and the N/2 of 33, Kersey Colony Subdivision, per plat 9Q 0.1800 Section 21: Lot 29 and 32, Kersey Colony Subdivision, per plat recorded at 9R 0.2200 Section 21: Lot 38 and the S/2 of Lot 33, Kersey Colony Subdivision, per plat 9S 0.1800 Section 21: Lot 39 and 40, Kersey Colony Subdivision, per plat recorded at 9T 0.2400 Section 21: Lots A and B, Kersey Colony Subdivision, per plat recorded at 9U 0.4200 Section 21: Lots C, D, and E, Kersey Colony Subdivision, per plat recorded at 9V 0.6000 Section 21: that Part of the SE/4SE/4 Less and Except Tracts 12B and 12C 12A 37.7760 Section 21: that portion of the SE/4SE/4 known as Parcel A of Subdivision 128 1.2930 Section 21: that portion of the SE/4SE/4 known as Parcel B of Subdivision 12C 1.2010 rl rtar t i ct e,s 160.6000 COOIS - WELL Information Page 1 of 2 Well Name/No: Operator: Status Date: FacilitylD: County: Field: Planned Location As Drilled Location C Scout Card IS ow ELL 1 for iqx 11 " �� Doc Wellbore 1;���lt�d 1��� . �� MW� � � Surface Location Data for API # 05-123-42655 Status: PR CHESNUT #21T,:221 (click well name for production) PDC ENERGY INC - 69175 4/6/2017 Federal or State Lease #: 445021 LocationID: D: WELD #123 Location: WATTENBERG - #90750 Elevation: 685 FSL 397 FEL Lat/Long: 40.37936/-104.54673 Footages Not Available Lat/Long: 40.37936/-104.54672 Job Date: 3/16/2017 Job End Date: 3/22/2017 / Orders 416/2017 444671 SESE 21 5N64W 6 PM 4,643 ft. Lat/Long Source: Field Measured Lat/Long Source: Field Measured Reported: 4/21/2017 Days to report: 30 Chemical Disclosure Registry Wellbore Data for Sidetrack #00 Status: PR Spud Date: 5/1/2016 Spud Date is: Wellbore Permit HORIZONTAL Permit #: Expiration Date: Prop Depth/Form: 11238 Surface Mineral Owner Same: Mineral Owner: FEE Surface Owner: FEE Unit: Unit Number: Formation and Spacing: Code: NBRR , Formation: NIOBRARA , Order: , Unit Acreage: 160, Drill Unit: GWA Casing: String Type: SURF , Hole Size: 12.5, Size: 9.625, Top: 0, Depth: 1450, Weight: 36 Cement: Sacks: 920, Top: 0, Bottom: 1450, Method Grade: Casing: String Type: 1ST , Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 11238, Weight: 20 Cement: Sacks: 2035, Top: 0, Bottom: 11238, Method Grade: Wellbore Completed Completion Date: 5/6/2016 Measured TD: 11155 Measured PB depth: 11109 True Vertical TD: 6634 True Vertical PB depth: 6636 Top PZ Location: Sec: 21 Twp: 5N 64W Footage: 578 FSL 798 FEL Depth Bottom Hole Location: Sec: 21 Twp: 5N 64W Footages: 505 FNL. 758 FEL Depth Log Types: CBL, MWD (DIL in 123-22006) Casing: String Type: SURF , Hole Size: 12.25, Size: 9.625, Top: 0, Depth: 1491, Weight: 36 Cement: Sacks: 690, Top: 0, Bottom: 1491, Method Grade: VISU Casing: String Type: 1ST , Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 11125, Weight: 20 Cement: Sacks: 1755, Top: 0, Bottom: 11125, Method Grade: VISU Formation PARKMAN SUSSEX SHANNON SHARON SPRINGS NIOBRARA Log Top 3574 4237 4974 6540 6725 Completed information for formation N-COM 1st Production Date: 5/1/2016 Status Date: 5/1/2016 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 Completed information for formation NBRR 1st Production Date: Status Date: Commingled: Formation Name: Formation Treatment Treatment Date: NOT COMPLETED 3/31/2017 4/6/2017 N NIOBRARA 3/16/2017 4/6/2017 ACTUAL 3/1/2018 3:34:54 PM Log Bottom Cored Status: CM 5/1/2016 Choke Size: Open Hole Completion: Production Method: Status: Tubing Setting Depth: Tubing Multiple Packer: Open Hole Bottom: Status: PR Choke Size: Open Hole Completion: Production Method: Status: Treatment Type: Treatment End Date: CM 4/6/2017 N PR FRACTURE STIMULATION 3/22/2017 DSTs http://cogcc.state.co.us/cogis/FacilityDetail.asp?facid=12342855& pe=W l- IL 3/21/2018 COGIS - WELL Information Page 2 of 2 Treatment summary: 24 Stage Plug and Perf, Perfd from 6929-10954, 3 Toe Sleeves from 10973-11066 Total Fluid: 76,724 bbls Gel Fluid: 46,796 bbls Slickwater Fluid: 29,373 bbls 15% HCI Acid: 555 bbls Total Silica Proppant: 4,455,000 lbs Method of determining flowback: measuring flowback tank volumes Total fluid used in treatment (bbls): 76724 Total gas used in treatment (mcf): Type of gas: Total acid used in treatment (bbls): 555 Recycled water used in treatment (bbls): Produced water used in treatment (bbls): 76169 Total proppant used (Ibs): 4455000 Reason green techniques not utilized: Tubing Size: 2.375 Tubing Packer Depth: Open Hole Top: Initial Test Data: Test Date: 4/6/2017 Hours Tested: 24 Gas Disposal: SOLD Test Type Measure BBLS_H20 461 BBLS_OIL 310 BTU_GAS 1307 CALC_BBLS_H2O 461 CALC_BBLS_OIL 310 CALC_GOR 2835 CALC_MCF_GAS 879 CASING_PRESS 2701 GRAVITY_OIL 49 MCF_GAS 879 TUBING_PRESS 1773 Perforation Data: Interval Bottom: 11066 # of Holes: 852 Max pressure during treatment (psi): Fluid density (lbs/gal): Number of staged intervals: Min frac gradient (psi/ft): Total flowback volume recovered (bbls): 4054 Disposition method for flowback: DISPOSAL Green completions techniques utilized: True 4453 8.34 24 1.01 Tubing Setting Depth: Tubing Multiple Packer: Open Hole Bottom: Test Method: Gas Type: Interval Top: Hole Size: 6765 Flowing WET 6929 0.42 http://cogcc.state.co.us/cogis/FacilityDetail.asp?facid=12342855&type=WELL 3/21/2018 COOIS - WELL Information Page 1 of 2 Well NamwlNo: Operator: Status Date: FacilitylD: County: Field: Planned Location 634 FSL 431 FEL As Drilled Location Footages Not Available m WELL infortsn Scout Card : Related Qs insp MIT Si ilS La Doc a CQA 11 Wellbore Surface Location Data for API # 05-123-42356 Status: PR ch strut `. 1Y-341 (click well name for production) PDC ENERGY INC - 69175 Job Date: 3/16/2017 Job End Date: 3/22/2017 Chemical DisclosureRegistr Wellbore Data for Sidetrack #00 Spud Date: Wellbore Permit Permit #: Prop Depth/Form: Mineral Owner: Unit: Formation and Spacing: Casing: Cement: Casing: Cement: Wellbore Completed Completion Date: Measured TD: True Vertical TO: Top PZ Location: Sec: 21 Bottom Hole Location: Sec: 21 Log Types: Casing: Cement: Casing: Cement: Formation PARKMAN SUSSEX SHANNON SHARON SPRINGS NIOBRARA 4/3/2017 445022 WELD #123 Federal or State Lease #: LocationID: D: Location: WATTENBERG - #90750 Elevation: Lat/Long: 40.37922/-104.54684 Lat/Long: 40.37922/-104.54683 4/3/2017 444671 SESE 21 5N64W 6 PM 4,644 ft. Lat/Long Source: Field Measured Lat/Long Source: Field Measured Reported: 4/21/2017 Days to report: 30 Status: PR 5/11/2016 Spud Date is: HORIZONTAL Expiration Date: 11306 Surface Mineral Owner Same: FEE Surface Owner: FEE Unit Number: Code: NBRR , Formation: NIOBRARA , Order: , Unit Acreage: 160, Drill Unit: GWA String Type: SURF , Hole Size: 12.5, Size: 9.625, Top: 0, Depth: 1450, Weight: 36 Sacks: 920, Top: 0, Bottom: 1450, Method Grade: String Type: 1ST , Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 11306, Weight: 20 Sacks: 2035, Top: 0, Bottom: 11306, Method Grade: 5/16/2016 11272 6705 Twp: 5N 64W Twp: 5N 64W Cased hole Measured PB depth: True Vertical PB depth: Footage: 650 FSL 588 FEL Footages: 501 FNL 468 FEL neutron, CBL, MWD (DIL in 123-22006) 4/3/2017 ACTUAL 3/1/2018 3:34:54 PM 11245 6705 Depth Depth String Type: SURF , Hole Size: 12.25, Size: 9.625, Top: 0, Depth: 1496, Weight: 36 Sacks: 690, Top: 0, Bottom: 1496, Method Grade: VISU String Type: 1ST , Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 11260, Weight: 20 Sacks: 1765, Top: 950, Bottom: 11260, Method Grade: CBL Log Top 3564 4229 4924 6497 6686 Completed information for formation N-COM 1st Production Date: 5/1/2016 Status Date: 5/1/2016 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 . Completed information for formation NBRR 1st Production Date: Status Date: Commingled: Formation Name: Formation Treatment Treatment Date: NOT COMPLETED 3/27/2017 4/3/2017 N NIOBRARA 3/16/2017 Log Bottom Cored Status: CM 5/1/2016 Choke Size: Open Hole Completion: Production Method: Status: Tubing Setting Depth: Tubing Multiple Packer: Open Hole Bottom: Status: PR Choke Size: Open Hole Completion: Production Method: Status: Treatment Type: Treatment End Date: CM 4/3/2017 N PR FRACTURE STIMULATION 3/22/2017 DSTs http://cogcc.state.co.us/cogis/FacilityDetail.asp?facid=12342856& WELL 3/21/2018 COGIS - WELL Information Page 2 of 2 Treatment summary: 25 Stage Plug and Perf, Perfd from 7078-110 50,884 bbls Slickwater Fluid: 30,544 bbls 15% HCI Acid: 586 Total measuring flowback tank volumes Total fluid used in treatment (bbls): 82014 Total gas used in treatment (mcf): Type of gas: Total acid used in treatment (bbls): 586 Recycled water used in treatment (bbls): Produced water used in treatment (bbls): 81428 Total proppant used (Ibs): 4661180 Reason green techniques not utilized: Tubing Size: 2.375 Tubing Packer Depth: Open Hole Top: Initial Test Data: Test Date: 4/3/2017 Hours Tested: 24 Gas Disposal: SOLD Test Type Measure BBLS_H2O 659 BBLS_OIL 240 BTU_GAS 1307 CALC_BBLS_H2O 659 CALC_BBLS_OIL 240 CALC_GOR 2379 CALC_MCF_GAS 571 CASING_PRESS 2617 GRAVITY_OIL 49 MCF_GAS 571 TUBING_PRESS 1745 Perforation Data: Interval Bottom; 11202 # of Holes: 1284 90, 3 Toe Sleeves from 11109-11202 Total Fluid: 82,014 bbls Gel Fluid: Silica Proppant: 4,661,180 lbs Method for determining flowback: Max pressure during treatment (psi): Fluid density (lbs/gal): Number of staged intervals: Min frac gradient (psi/ft): Total flowback volume recovered (bbls): 8137 Disposition method for flowback: DISPOSAL Green completions techniques utilized: True 4539 8.34 25 1.03 Tubing Setting Depth: Tubing Multiple Packer: Open Hole Bottom: Test Method: Gas Type: Interval Top: Hole Size: 6896 Flowing WET 7078 0.42 http://cogcc.state.co.us/cogis/FacilityDetail.asp?facid=12342856&type=WELL 3/21/2018 SUL art of Le Dated: Recorded: Lessor: (Covering a 100% mineral interest in Tracts 9D, 9H, 9L and 9O) February 26, 2016 March 4, 2016 at Reception No. 418 Weld County, Colorado, a political subdivision of the State of Colorado, acting by and through the Board of County Commissioner of the County of Weld Lessee: Aztec Exploration, LLC Lands Covered: Township 5 North Range 64 West' 6t" P.M. Section 21: Lots 3, 7, 14, 1.7, 24 and 26, Kersey Colony Subdivision Containing 0.5855 acres, more or less Weld County, Colorado Primary Term: Until the hour of twelve o'clock noon on February 26, 2019 Royalty: 18.5% Delay Rentals: None, Paid -up Shut-in Royalty Clause: Yes. If Lessee is unable to produce oil and/or gas due to a lack of a suitable market, Lessor may grant Lessee a suspension of obligations to produce until a suitable market can be found, provided that Lessee shall pay to Lessor a shut-in royalty equal to $2.50 per acre of the lease per annum in addition to the annual rental. The minimum amount of such shut-in royalty payment shall be $240. The maximum extension of the lease due to the existence of a shut-in well, shall be 5 years beyond the extension term. The granting of any further extensions shall be at the sole option of Lessor. Lesser Interest Clause: Pooling Clause: Ftntireties Clause: Warranty Clause: Pugh Clause: Special Provisions: Yes Yes, broad form pooling clause with no acreage limitation None None None This Lease contains numerous additional special provisions, including, but not limited to: EXHI I' IT "A" Supplemental Drilling and Division Order Title Opinion November 20, 2015 P,/2 Sec. 21 & W/2W/2 Sec. 22, Township 5 North, Range 64 West 6th P.M. Weld County, Colorado Page 173 ASSIGNMENTS — Lessee, upon payment of a $100.00 fee and with the written consent of Lessor, shall have the right to assign this lease as to the entire leasehold interest of laid Lessee in all or part of the lands covered hereby. If any assignment of a portion of the land covered hereby shall be approved, a new lease shall be issued to the Assignee covering the assigned land, containing the same terms and conditions as this lease, and limited as to term as this lease is limited, and the Assignor shall be released and discharged from further obligations and liabilities as to that portion so assigned. OVERRIDING ROYALTY - Any and all reservations or assignments of overriding royalties shall be subject to approval of Lessor. The total of said overriding royalties shall not exceed 5 percent, including any overriding royalties previously provided for. In the event that production drops to an amount that would cause the well to be shut-in or to be plugged, then overriding royalties based on last in first out, or prorated, may be suspended to allow the well, if possible, to be economic. A reservation or assignment of an overriding royalty interest shall not relieve Lessee of any of its obligations for payment of royalties to Lessor as provided by ROYALTY paragraph herein. EXTENSION — If Lessee shall have failed to make discovery of oil and gas or either of them in paying quantities during the primary term hereof, or during drilling operations commenced during the primary term hereof, Lessee may make written application to Lessor to extend this lease.. . See the subject Lease for additional special provisions. Affidavits of Lease Extension: None Assignments of Working Interests: 1. Document: Assignment of Oil and Gas Lease Dated: March 4, 2016 Recorded: March 4, 2016 at Reception No. 4185794 EXHIBIT "A" Supplemental Drilling and Division Order Title Opinion November 20, 2015 E/2 Sec. 21 & W/2W/2 Sec. 22, Township 5 North, Range 64 West 6`h P.M. Weld County, Colorado Page 174 Assignor: Aztec Exploration, LLC Assignee: Incline Niobrara Partners, LP Lands Covered: All of the Lease premises Interest Conveyed: All of the Assignor's interest in the above Lease Interest Reserved: None Depth Limit: None Special Provisions: None Assignments of Overriding Royalty Interests: None EXHIBIT "A" Supplemental Drilling and Division Order Title Opinion November 20, 2015 E/2 Sec. 21 & W/2W/2 Sec. 22, Township 5 North, Range 64 West 6`h P.M. Weld County, Colorado Page 175 COUNTY ATTORNEY STAFF APPROVAL 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): Chesnut #21T-221, Chesnut #21Y-341 File Location(s): LE0392 BY: DATE: Bruce Barker - County Attorney NOTES: 0.70 mineral acres/ 160.60 acres spacing unit * 18.5% = 0.00080635 MATCH G) NADOA Model Form Division Order (Adopted 9/95) DIVISION ORDER To: PDC Energy, Inc Date: 1775 Sherman Street, Suite 3000 Denver, CO 80203 Attn: Joshua Schumacher (303) 318-6186 or Joshua.Schumacher@pdce.com March 21, 2018 Property Number: 105.101303, 105.101304, 105.101301, 105.101307 Effective Date: April 26, 2016; April 14, 2016• March 31, 2016; April 19, 2016 Property Name: • Chesnutt21T-321, Chesnur21T-301 Chesnut 21T-241`1Chesnut 21T-201 Operator: PDC Energy, Inc 3 . Che hlt * g\ -x County and State: Weld, Colorado Property Township 5 North, Range 64 West Description: Section 21: SESE, Spacing unit: E/2 Sec. 21 Production: X Oil X Gas X Other: all products kP15 05-12.3-4231a 1-.0-19.3 352 3.05-►ab-yZis5y W.p5-1a.3-1.\ZSSa1 Owner Name and Address: Weld County Board of Comm PO Box 758 Greeley, CO 80632-0758 OWNER NUMBER: 43444 Type of Interest: RI Decimal Interest: 0.00040473 (100%*18.5%*(.12/319.96))+(100%*18.5%*(.34/319.96))+ (100%*18.5%*(.12/319.96))+(100%*18.5%*(.12/319.96)) = Mineral Interest x Lease Royalty x (Tract Acres / Unit Acres) The undersigned certifies the ownership of their decimal interest in production or proceeds as described above payable by PDC Energy, Inc. (Payor). Payor 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. Payor 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 Payor any amount attributable to an interest to which the undersigned is not entitled. Payor may accrue proceeds until the total amount equals $50.00, or pay yearly whichever occurs first, or as required by applicable state statute. 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 gas. In addition to the terms and conditions of this Division Order, the undersigned and Payor may have certain statutory rights under the laws of the state in which the property is located. SIGNATURE: BOARD OF WC0 ATTES CLER TO `0' BO A RI BY: DEPUTY CLERK TH BOARD Co se A&`'17- JMS 018 _4Ta Id County Government "O" Street y, CO 80634 : 970-336-7204 0-336-7233 :84-6000-813 Retain this copy for your records o3a a art avr.3o\an -ati1, an -ao1 caJ Qom' ^P y., Fa^� il+ t >k- Y:: .M .. �. G >Y- .�, a�.•v:.'...-. ' R 3 r < ri3 .tLF e �>� z. ..' LY -> }, . < F i w3 ti <y Spam r ..-• .sue $.a `viy4-: `f :,- .. �'"9 .ism.. Y .i�?� z. i _ 3 ..; ,.y. P> T ns'+ ,` W� Ns zS✓ <"`hH a`i .x14 -_aP,� S... 's>\ -Z 5� 3 .`C _. :-y<. iv; - Fj• ea- Llr '�^.� - u, - <.•� .a j •- ixea�� a In s Te as y r^; a e _ uo � �<: �h - Jf ti >a: Aa P .x . t s� r>J 4 - .,w. -� aZe'�K _ .r c ?' ��- :: r• . A;. de, (+i ai Xi i+P " a 1. £�, s 4� �. lea 8- Yss' d ->$ s " '�+ '�:- l- LL f::.. y I t F _ l Fan .�-<`A i3 'Y s.<*K K' � r ; y� s . >' � "ti 2 .�3'X' N�i� 4�Y. �.� � � �Z y ��i'=a STtREItISPflI ",r � '%Y' f - Mu � h t~95.'3 �i"a:1 h,rnivc �y<�.'��a�� b 4rCR--al•iiai�� �-aJ�i dEcY?�is', I.aµ s� :�•-.'�'�'-: LOP. Weld County, Colorado 9D BB 44 100°000000% �i a as 0:1200 3199600 :,'a'.b�?£ny 0.0000693837 k' 0.00006938 afi -�Ms-S.ss� F Weld County, Colorado 9H 13B 44 100.000000% a 0.1200 319.9600 0.0000693837 0.00006938 LOR Weld County, Colorado 9L BB 44 100.000000% --, 0.3400 319.9600 0.0001965871 0.00019659 LOR Weld County: Colorado 9O BB 44 100.000000% v l.. 0.1200 319.9600 0.0000693837 0.00006938 LOR `t Q \` Q \ \ \ \b °G \V \ \ \\\ U l \ \ \ a �� "\ \\ �\a• h\ A \ C W C z \ i\ z.. .'� �`�`�a T .\ \ \\ � °\\ 1 . T \ . \ Y \ \ \. .c,‘. \ Q � 4 \ \ � `\ \ 7\1� C1 i. w ' p \'�2 \ F t Q \s.1a ..„4.->t,,,,‘QCo . \ \ �S \y� . \ \ \, as::,:11,4,%:N% \ \ \ .. • \ \y, t\ w 4\.. \`S. \ ) "� y '. Qw � v r \ > \ b '� � \\a \ � \\v x Tva `e isv. �' 1\\\�c \�\•\\'\������`.Y\�\kG ��\iQS A�\ \\\'\CG�x . i\3 ��\�\\\\\ xviki \��\ �o`c<"\�G \ C \\a'a\k� \ �`c\� ��\` 1 \'\�"C � 'C\�` ) , . Ate\` `hi �tE �\\ i.� \\\\\ j,\� T \ �a'Q) ag .JU \\� vc \ T Y . 1 ` i \ t,';' Q 7a\ • ::\y' .\� \ i�v\ \p• r1 \ '\ is \ � ♦ +.^ u Section 21: NE/4NE/4 5 40.0900 Section 21: A metes and bounds description located in the NW/4NE/4 6A 21.6400 Section 21: A metes and bounds description located in the NW/4NE/4 6B 18.4200 Section 21: SW/4NE/4 7 39.9800 Section 21: SE/4NE/4 8 40.0000 Section 21: That portion of the NE4/SE/4 less and except Tracts 9B through 9V 9A 34.4800 Section 21: Lot 1 and N/2 of Lot 10, Kersey Colony Subdivision, per plat 9B 0.2000 Section 21: Lots 2, 9 and the N/2 of Lot 12, Kersey Colony Subdivision, per plat 9C 0.2800 Section 21: Lot 3, Kersey Colony Subdivision, per plat recorded at Reception No. 91) 0.1200 Section 21: Lot S, Kersey Colony Subdivision, per plat recorded at Reception No. 9E 0.1200 Section 21: Lot 4, Kersey Colony Subdivision, per plat recorded at Reception No. 9F 0.1200 Section 21: Lot 5, 6, 15, 16, and 25, Kersey Colony Subdivision, per plat 9G 0.5800 Section 21: Lot 7, Kersey Colony Subdivision, per plat recorded at Reception No. 9171 0.1200 Section 21: Lot 11, 20 and the S/2 of Lot 10, Kersey Colony Subdivision, per plat 91 0.3200 Section 21: Lot 19, 22 and the S/2 of Lot 12, Kersey Colony Subdivision, per plat 9J 0.2800 Section 21: Lot 13 and the N/2 of 18, Kersey Colony Subdivision, per plat 9K 0.1800 Section 21: Lot 14, 17, and 24, Kersey Colony Subdivision, per plat recorded at 9L 0.3400 Section 21: Lot 23 and the S/2 of Lot 18, Kersey Colony Subdivision, per plat 9M 0.1800 Section 21: Lots 21, 30 and 31, Kersey Colony Subdivision, per plat recorded at 9N 0.3900 Section 21: Lot 26, Kersey Colony Subdivision, per plat recorded at Reception 9O 0.1200 Section 21: Lots 27, 34, 35, 36, and 37, Kersey Colony Subdivision, per plat 9P 0.5700 Section 21: Lot 28 and the N/2 of 33, Kersey Colony Subdivision, per plat 9Q 0.1800 Section 21: Lot 29 and 32, Kersey Colony Subdivision, per plat recorded at 9R 0.2200 Section 21: Lot 38 and the S/2 of Lot 33, Kersey Colony Subdivision, per plat 9S 0.1800 Section 21: Lot 39 and 40, Kersey Colony Subdivision, per plat recorded at 9T 0.2400 Section 21: Lots A and B, Kersey Colony Subdivision, per plat recorded at 9U 0.4200 Section 21: Lots C, D, and E, Kersey Colony Subdivision, per plat recorded at 9V 0.6000 Section 21: NW/4SE/4 10 39.6500 Section 21: SW4SE/4 11 39.6700 Section 21: that Part of the SE/4SE/4 Less and Except Tracts 12B and 12C 12A 37.7760 Section 21: that portion of the SE/4SE/4 known as Parcel A of Subdivision 1213 1.2930 Section 21: that portion of the SE/4SE/4 known as Parcel B of Subdivision l2C 1.2010 by �,1 t- , vz , . a v♦.o tihy. v v\k - vvA+>a A�'�vA�'Q, `` vA� v \ ,�V � v. vv A\ .tc\yv' ` k-�� v\ ), �;.h`.,��\\.\��\z,�\�,\,�J�>m\�i\���, )a ,\�` �> ��`a\\alms ^e 319.9600 COOLS - WELL Information Page 1 of 2 COGIS-WELL Information Scout Card s.. Related Insp. r. . MIT GfS Doc COA �� Wellbore 4 w Surface Location Data for API # 05-123-42860 Status: PR Well Name/No: CHESNUT #21T-321 (click well name for production) Operator: PDC ENERGY INC - 69175 Status Date: 4/8/2017 Federal or State Lease #: FacilitylD: 445026 LocationlD: County: WELD #123 Location: Field: WATTENBERG - #90750 Elevation: Planned Location 711 FSL 381 FEL Lat/Long: 40.37943/-104.54667 As Drilled Location Footages Not Available Lat/Long: 40.37943/-104.54666 FracFocus Chemical Disclosure Registry Wellbore Data for Sidetrack *00 Spud Date: Wellbore Permit Permit #: Prop Depth/Form: Mineral Owner: Unit: Formation and Spacing: Casing: Cement: Casing: Cement: Wellbore Completed Completion Date: Measured TD: True Vertical TD: Top PZ Location: Bottom Hole Location: Log Types: Casing: Cement: Casing: Cement: Sec: 21 Sec: 21 Formation PARKMAN SUSSEX SHANNON SHARON SPRINGS NIOBRARA Job Date: 3/16/2017 Reported: 4/21/2017 Job End Date: 3/22/2017 p Status: PR 4/25/2016 Spud Date is: HORIZONTAL Expiration Date: 11331 Surface Mineral Owner Same: FEE Surface Owner: FEE Unit Number: Code: NBRR , Formation: NIOBRARA , Order: , Unit Acreage: 320, Drill Unit: GWA String Type: SURF , Hole Size: 12.5, Size: 9.625, Top: 0, Depth: 1450, Weight: 36 Sacks: 920, Top: 0, Bottom: 1450, Method Grade: String Type: 1ST , Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 11331, Weight: 20 Sacks: 2035, Top: 0, Bottom: 11331, Method Grade: Orders 4/8/2017 444671 SESE 21 5N64W 6 PM 4,641 ft. Lat/Long Source: Field Measured Lat/Long Source: Field Measured Days to report: 30 5/1/2016 11342 6692 Twp: 5N 64W Twp: 5N 64W Measured PB depth: True Vertical PB depth: Footage: 527 FSL 1023 FEL Footages: 501 FNL 1005 FEL 4/8/2017 ACTUAL 3/1/2018 3:34:54 PM 11320 6692 Depth Depth CBL, MWD (DIL in 123-22006) String Type: SURF , Hole Size: 12.25, Size: 9.625, Top: 0, Depth: 1494, Weight: 36 Sacks: 690, Top: 0, Bottom: 1494, Method Grade: VISU String Type: 1ST , Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 11336, Weight: 20 Sacks: 1765, Top: 0, Bottom: 11336, Method Grade: VISU Log Top 3565 4230 4983 6462 6604 Completed information for formation N-COM 1st Production Date: 4/1/2016 Status Date: 4/1/2016 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 Completed information for formation NBRR 1st Production Date: Status Date: Commingled: Formation Name: Formation Treatment Treatment Date: NOT COMPLETED 4/3/2017 4/8/2017 N NIOBRARA 3/16/2017 Log Bottom Cored Status: CM 4/1/2016 Choke Size: Open Hole Completion: Production Method: Status: Tubing Setting Depth: Tubing Multiple Packer: Open Hole Bottom: Status: PR Choke Size: Open Hole Completion: Production Method: Status: Treatment Type: Treatment End Date: CM 4/8/2017 N PR FRACTURE STIMULATION 3/22/2017 DSTs http://cogcc.state.co.us/cogis/FacilityDetai./.asp?facid=12342860&type=WFLL 3/21/2018 COWS - WELL Information Page 2 of 2 Treatment summary: 25 Stage Plug and Perf, Perf'd from 7048-11 49,212 bbls Slickwater Fluid: 31,260 bbls 15% HCI Acid: 575 bbls measuring flowback tank volumes Total fluid used in treatment (bbls): 81047 Total gas used in treatment (mcf): Type of gas: Total acid used in treatment (bbls): 575 Recycled water used in treatment (bbls): Produced water used in treatment (bbls): 80472 Total proppant used (Ibs): 4650000 Reason green techniques not utilized: Tubing Size: 2.375 Tubing Packer Depth: Open Hole Top: Initial Test Data: Test Date: 4/8/2017 Hours Tested: 24 Gas Disposal: SOLD Test Type BBLS_H2O BBLS_OIL BTU_GAS CALC_BBLS_H2O CALC_BBLS_OIL CALC_GOR CALC_MCF_GAS CASING_PRESS GRAVITY_OIL MCF_GAS TUBING_PRESS Perforation Data: Interval Bottom: # of Holes: 11275 1104 Measure 354 333 1307 354 333 2393 797 2691 49 797 1735 157, 3 Toe Sleeves from 11175-11275 Total Fluid: 81,047 bbls Gel Fluid: Total Silica Proppant: 4,650,000 Method for determining flowback: Max pressure during treatment (psi): Fluid density (lbs/gal): Number of staged intervals: Min frac gradient (psi/ft): 1 Total flowback volume recovered (bbls): 3839 Disposition method for flowback: DISPOSAL Green completions techniques utilized: True 4657 8.34 25 Tubing Setting Depth: Tubing Multiple Packer: Open Hole Bottom: Test Method: Gas Type: Interval Top: Hole Size: 6829 Flowing WET 7048 0.42 http://cogcc.state.Co,us/cogis/FacilityDetail.asp?facid=12342860&type=WELL 3/21/2018 COOTS - WELL Information Page 1 of 2 COGIS ELL flf r atit n Scout Card gkRelated f 115Qb MIT 0, CIS Surface Location Data for API # 05-123-42858 We:lkNeme/No: Operator: Status Date: FacilitylD: County: Field: Planned Location 762 FSL 348 FEL As Drilled Location Footages Not Available taik Job Date: 3/10/2017 Job End Date: 3/15/2017 chemical Disclosure Reg.isty Wellbore Data for Sidetrack #00 Spud Date: Wellbore Permit Permit #: Prop Depth/Form: Mineral Owner: Unit: Formation and Spacing: Casing: Cement: Casing: Cement: Wellbore Completed Doc a COA Wellbore Status: PR CHESNUT #21T-;391 (click well name for production) PDC ENERGY INC - 69175 4/8/2017 Federal or State Lease #: 445024 LocationiD: WELD #123 Location: WATTENBERG - #90750 Elevation: Lat/Long: 40.37957/-104.54655 Lat/Long: 40.37956/-104.54654 -L Orders 4/8/2017 444671 SESE 21 5N64W 6 PM 4,638 ft. Lat/Long Source: Field Measured Lat/Long Source: Field Measured Reported: 4/21/2017 Days to report: 37 Status: PR 4/14/2016 Spud Date is: HORIZONTAL Expiration Date: 11469 Surface Mineral Owner Same: FEE Surface Owner: FEE Unit Number: Code: NBRR , Formation: NIOBRARA , Order: , Unit Acreage: 320, Drill Unit: GWA String Type: SURF , Hole Size: 12.5, Size: 9.625, Top: 0, Depth: 1450, Weight: 36 Sacks: 920, Top: 0, Bottom: 1450, Method Grade: String Type: 1ST , Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 11469, Weight: 20 Sacks: 2035, Top: 0, Bottom: 11469, Method Grade: 4/8/2017 ACTUAL 3/1/2018 3:34:54 PM Completion Date: 4/19/2016 Measured TD: 11103 Measured PB depth: 11084 True Vertical TD: 6709 True Vertical PB depth: 6709 Top PZ Location: Sec: 21 Twp: 5N 64W Footage: 706 FSL 1553 FEL Depth Bottom Hole Location: Sec: 21 Twp: 5N 64W Footages: 755 FNL 1530 FEL Depth Log Types: CBL, MWD (DIL in 123-22006) Casing: String Type: SURF , Hole Size: 12.25, Size: 9.625, Top: 0, Depth: 1495, Weight: 36 Cement: Sacks: 690, Top: 0, Bottom: 1495, Method Grade: VISU Casing: String Type: 1ST , Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 11099, Weight: 20 Cement: Sacks: 1790, Top: 1450, Bottom: 11099, Method Grade: CBL Formation PARKMAN SUSSEX SHANNON Log Top 3668 4268 5172 SHARON SPRINGS 6680 NIOBRARA 6866 Completed information for formation N-COM 1st Production Date: 4/1/2016 Status Date: 4/1/2016 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 Completed information for formation NBRR 1st Production Date: Status Date: Commingled: Formation Name: Formation Treatment Treatment Date: NOT COMPLETED 4/5/2017 4/8/2017 N NIOBRARA 3/10/2017 Log Bottom Cored Status: CM 4/1/2016 Choke Size: Open Hole Completion: Production Method: Status: Tubing Setting Depth: Tubing Multiple Packer: Open Hole Bottom: Status: PR Choke Size: Open Hole Completion: Production Method: Status: Treatment Type: Treatment End Date: CM 4/8/2017 N PR FRACTURE STIMULATION 3/15/2017 DSTs http://cogec.stateacoaus/cogis/FacilityDetaileasp?fCacid=12342858& p e=W _ FLL 3/21/2018 COGIS - WELL Information Page 2 of 2 Treatment summary: 23 Stage Plug and Perf, Perf'd from 7228-10918, 3 Toe Sleeves from 10937-11038 Total Fluid: 79,092 bbls Gel Fluid: 50,371 bbls Slickwater Fluid: 28,199 bbls 15% HCI Acid: 522 bbls Total Silica Proppant: 4,172,500 lbs Method for determining flowback: measuring flowback tank volumes Total fluid used in treatment (bbls): 79092 Max pressure during treatment (psi): 4991 Total gas used in treatment (mcf): Fluid density (lbs/gal): 8.34 Type of gas: Number of staged intervals: 23 Total acid used in treatment (bbls): 522 Min frac gradient (psi/ft): 1 Recycled water used in treatment (bbls): Total flowback volume recovered (bbls): 4352 Produced water used in treatment (bbls): 78570 Disposition method for flowback: RECYCLE Total proppant used (Ibs): 4172500 Green completions techniques utilized: True Reason green techniques not utilized: Tubing Size: 2.375 Tubing Setting Depth: 7027 Tubing Packer Depth: Tubing Multiple Packer: Open Hole Top: Open Hole Bottom: Initial Test Data: Test Date: 4/8/2017 Test Method: Flowing Hours Tested: 24 Gas Type: WET Gas Disposal: SOLD Test Type Measure BBLS_H2O 354 BBLS_OIL 332 BTU_GAS 1307 CALL BBLS_H2O 354 CALC_BBLS_OIL OIL 332 CALC_GOR 3102 CALC_MCF_GAS 1030 CASING_PRESS 2662 GRAVITY_OIL L 49 MCF_GAS 1030 TUBING_PRESS 1988 Perforation Data: Interval Bottom: 11038 # of Holes: 1356 Interval Top: Hole Size: 7228 0.42 http://cogcc.state.co.us/cogis/FacilityDetail.asp?facid=12342858&type=WELL 3/21/2018 COOIS ® WELL Information Page 1 of 4 GI ELL information Scout Card °r, Related Otb !nal MI T 12 GIS D. Doc a, COA ( Well: ore Surface Location Data for API # 05-123-42854 Status: PR Well Name/No: Operator: Status Date: FacilitylD: County: Field: Planned Location As Drilled Location rac ocrs Chemical Disclosure R, gsgis�r. Wellbore Data for Sidetrack #00 Chesnut ##21T -241ST (click well name for production) PDC ENERGY INC - 69175 4/14/2017 445020 WELD #123 Federal or State Lease #: LocationlD: Location: WATTENBERG - #90750 Elevation: 788 FSL 331 FEL Lat/Long: 40.37964/-104.54649 Footages Not Available Lat/Long: 40.37963/-104.54648 Spud Date: Wellbore Permit Permit #: Prop Depth/Form: Mineral Owner: Unit: Formation and Spacing: Casing: Cement: Casing: Cement: Wellbore Completed Completion Date: 4/4/2016 Measured TD: 11382 True Vertical TD: 6651 Top PZ Location: Sec: 21 Twp: 5N 64W Bottom Hole Location: Sec: 21 Twp: 5N 64W Log Types: Casing: Cement: Casing: Cement: Additional Cement: Formation PARKMVIAN SUSSEX SHANNON SHARON SPRINGS NIOBRARA 3/31/2016 ,ta Orders 4/14/2017 444671 SESE 21 5N64W 6 PM 4,637 ft. Lat/Long Source: Field Measured Lat/Long Source: Field Measured Job Date: 3/10/2017 Reported: 4/21/2017 Days to report: 36 Job End Date: 3/16/2017 Spud Date is: HORIZONTAL Expiration Date: 11518 Surface Mineral Owner Same: FEE Surface Owner: FEE Unit Number: Code: NBRR , Formation: NIOBRARA , Order: , Unit Acreage: 320, Drill Unit: GWA String Type: SURF , Hole Size: 12.5, Size: 9.625, Top: 0, Depth: 1450, Weight: 36 Sacks: 920, Top: 0, Bottom: 1450, Method Grade: String Type: 1ST , Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 11518, Weight: 20 Sacks: 2035, Top: 0, Bottom: 11518, Method Grade: Status: DC 3/31/2016 ACTUAL Measured PB depth: True Vertical PB depth: Footage: 501 FNL 1797 FEL Footages: 501 FNL 1797 FEL 3/1/2018 3:34:54 PM 11382 6651 Depth Depth MWD String Type: SURF , Hole Size: 12.25, Size: 9.625, Top: 0, Depth: 1492, Weight: 36 Sacks: 690, Top: 0, Bottom: 1492, Method Grade: VISU String Type: OPEN HOLE , Hole Size: 8.5, Size: , Top: 1492, Depth: 11382, Weight: Sacks: , Top: , Bottom: , Method Grade: String Type: 1ST , Top: 1900, Depth: 2359, Bottom: 2359, Sacks: 225, Method Grade: 1 INCH Log Top 3763 4372 5273 6869 7079 No additional interval records were found for sidetrack 00 Wellbore Data for Sidetrack #01 Spud Date: Wellbore Permit Permit* Prop Depth/Form: Mineral Owner: Unit: Formation and Spacing: Casing: Cement: Casing: Cement: Wellbore Completed Completion Date: Measured TD: True Vertical TD: Top PZ Location: Log Bottom Cored Status: XX 4/7/2016 3/31/2016 Spud Date is: ACTUAL HORIZONTAL Expiration Date: 11518 Surface Mineral Owner Same: FEE Surface Owner: FEE Unit Number: Code: NBRR , Formation: NIOBRARA , Order: , Unit Acreage: 320, Drill Unit: GWA String Type: SURF , Hole Size: 12.5, Size: 9.625, Top: 0, Depth: 1492, Weight: 36 Sacks: 690, Top: 0, Bottom: 1511, Method Grade: String Type: 1ST , Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 11518, Weight: 20 Sacks: 2035, Top: 0, Bottom: 11518, Method Grade: 3/31/2016 2645 2568 Sec: 21 Twp: 5N 64W Measured PB depth: True Vertical PB depth: Footage: 891 FSL 764 FEL 4/7/2018 5:23:52 PM 2645 2568 Depth DSTs http://cogecostate.co,pus/cogis/FacilityDetailoasp?facid 12342854&type=WELL 3/21/2018 COGIS - WELL Information Page 2 of 4 Spud Date: Wellbore Permit Permit #: Prop Depth/Form: Mineral Owner: Unit: Formation and Spacing: Casing: Cement: Casing: Cement: Wellbore Completed Completion Date: Measured TD: True Vertical TD: Top PZ Location: Bottom Hole Location: Log Types: Casing: Cement: Casing: Cement: Bottom Hole Location: Sec: 21 Twp: 5N 64W Log Types: Casing: Cement: Casing: Cement: Additional Cement: Formation Footages: 891 FSL 764 FEL Depth String Type: SURF , Hole Size: 12.25, Size: 9.625, Top: 0, Depth: 1492, Weight: 36 Sacks: 690, Top: 0, Bottom: 1492, Method Grade: VISU String Type: OPEN HOLE , Hole Size: 8.5, Size: , Top: 1492, Depth: 2645, Weight: Sacks: , Top: , Bottom: , Method Grade: String Type: 1ST , Top: 1900, Depth: 2359, Bottom: 2359, Sacks: 225, Method Grade: 1 INCH Log Top Log Bottom Cored DSTs No additional interval records were found for sidetrack 01. Wellbore Data for Sidetrack #02 3/31/2016 Spud Date is: HORIZONTAL Expiration Date: 11518 Surface Mineral Owner Same: FEE Surface Owner: FEE Unit Number: Code: NBRR , Formation: NIOBRARA , Order: , Unit Acreage: 320, Drill Unit: GWA String Type: SURF , Hole Size: 12.5, Size: 9.625, Top: 0, Depth: 1492, Weight: 36 Sacks: 690, Top: 0, Bottom: 1511, Method Grade: String Type: 1ST , Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 11518, Weight: 20 Sacks: 2035, Top: 0, Bottom: 11518, Method Grade: Status: PR 4/13/2016 11608 6688 Sec: 21 Twp: 5N 64W Sec: 21 Twp: 5N 64W Formation PARKMAN SUSSEX SHANNON SHARON SPRINGS NIOBRARA FORT HAYS Measured PB depth: True Vertical PB depth: Footage: 687 FSL 1835 FEL Footages: 500 FNL 1799 FEL 4/14/2017 ACTUAL 4/7/2018 5:23:52 PM 11580 6690 Depth Depth CBL, MWD (DIL in 123-22006) String Type: SURF , Hole Size: 12.25, Size: 9.625, Top: 0, Depth: 1492, Weight: 36 Sacks: 690, Top: 0, Bottom: 1492, Method Grade: VISU String Type: 1ST , Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 11595, Weight: 20 Sacks: 1760, Top: 1680, Bottom: 11595, Method Grade: CBL Log Bottom Cored Log Top 3743 4373 5229 6780 6925 7448 Completed information for formation FTHYS 1st Production Date: N/A Status Date: 10/26/2017 Commingled: Y Formation Name: FORT HAYS Formation Treatment Treatment Date: 10/26/2017 Treatment summary: Completed Depths: 7443-8160, 8453-8662 Total fluid used in treatment (bbls): Total gas used in treatment (mcf): Type of gas: Total acid used in treatment (bbls): Recycled water used in treatment (bbls): Produced water used in treatment (bbls): Total proppant used (Ibs): Reason green techniques not utilized: Tubing Size: Tubing Packer Depth: Open Hole Top: No Initial Test Data was found for formation FTHYS . Perforation Data: Interval Bottom: # of Holes: 8662 1500 Completed information for formation N-COM 1st Production Date: 3/1/2016 Choke Size: Open Hole Completion: Production Method: Status: Treatment Type: Treatment End Date: Status: CM 10/26/2017 N CM Max pressure during treatment (psi): Fluid density (lbs/gal): Number of staged intervals: Min frac gradient (psi/ft): Total flowback volume recovered (bbls): Disposition method for flowback: Green completions techniques utilized: Tubing Setting Depth: Tubing Multiple Packer: Open Hole Bottom: Interval Top: Hole Size: Choke Size: N/A 7443 0.42 Status: CM 3/1/2016 DSTs http://cogcc.state.co.us/cogis/FacilityDetail.asp?facid=12342854&type=WELL 3/21/2018 COGIS - WELL Information Page 3 of 4 Status Date: 3/1/2016 Open Hole Completion: Commingled: Production Method: Formation Name: NOT COMPLETED Status: CM Tubing Size: Tubing Setting Depth: Tubing Packer Depth: Tubing Multiple Packer: Open Hole Top: Open Hole Bottom: No Initial Test Data was found for formation N-COM . No Perforation Data was found for formation N-COM . Completed information for formation NB-FH Status: PR 4/14/2017 1st Production Date: Status Date: Commingled: Formation Name: Formation Treatment Treatment Date: 3/10/2017 Treatment End Date: Treatment summary: 24 Stage Plug and Perf, Perfd from 7429-11413, 3 Toe Sleeves from 11432-11534 Total Fluid: 80,634 bbls Gel Fluid: 56,016 bbls Slickwater Fluid: 24,062 bbls 15% HCI Acid: 556 bbls Total Silica Proppant: 4,093,000 Ibs Method for determining flowback: measuring flowback tank volumes Total fluid used in treatment (bbls): 80634 Total gas used in treatment (mcf): Type of gas: Total acid used in treatment (bbls): 556 Recycled water used in treatment (bbls): Produced water used in treatment (bbls): 80078 4093000 4/7/2017 4/14/2017 N NIOBRARA-FT HAYS Choke Size: Open Hole Completion: Production Method: Status: Treatment Type: N Total proppant used (Ibs): Reason green techniques not utilized: Tubing Size: Tubing Packer Depth: 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 CASING_PRESS GRAVITY_OIL MCF_GAS TUBING_PRESS Perforation Data: Interval Bottom: # of Holes: 2.375 4/14/2017 24 SOLD 11534 1500 Measure 266 314 1307 266 314 2933 921 2552 49 921 1681 Completed information for formation NBRR 1st Production Date: N/A Status Date: Commingled: Formation Name: Formation Treatment Treatment Date: Treatment summary: Completed Depths: 7429-7443, 8160-8453, Total fluid used in treatment (bbls): Total gas used in treatment (mcf): Type of gas: Total acid used in treatment (bbls): Recycled water used in treatment (bbls): Produced water used in treatment (bbls): Total proppant used (Ibs): Reason green techniques not utilized: Tubing Size: Tubing Packer Depth: 10/26/2017 Y NIOBRARA 10/26/2017 Max pressure during treatment (psi): Fluid density (lbs/gal): Number of staged intervals: Min frac gradient (psi/ft): Total flowback volume recovered (bbls): 3348 Disposition method for flowback: DISPOSAL Green completions techniques utilized: True PR FRACTURE STIMULATION 3/22/2017 4670 8.34 24 0.95 Tubing Setting Depth: Tubing Multiple Packer: Open Hole Bottom: Test Method: Gas Type: Interval Top: Hole Size: 7258 Flowing WET 7429 0.42 Status: CM 10/26/2017 Choke Size: Open Hole Completion: Production Method: Status: Treatment Type: Treatment End Date: 8662-11534 Max pressure during treatment (psi): Fluid density (lbs/gal): Number of staged intervals: Min frac gradient (psi/ft): Total flowback volume recovered (bbls): Disposition method for flowback: Green completions techniques utilized: Tubing Setting Depth: Tubing Multiple Packer: N CM N/A http://cogcc.state,co.us/cogis/FacilityDetail.asp?facid=12342854&type=WELL 3/21/2018 COGIS - WELL Information Page 4 of 4 Open Hole Top: No Initial Test Data was found for formation NBRR Perforation Data: Interval Bottom: 11534 # of Holes: 1500 Open Hole Bottom: Interval Top: Hole Size: 7429 0.42 http://cogcc.state.co.us/cogis/FacilityDetail.asp?facid=12342854&type=WELL 3/21/2018 COGIS - WELL Information Page 1 of 2 ELL formatio iii ,,: MIT 1S Doc COA Wellbore Scout Card �v,. l Related, n �� ...�.�. ...v_.__... Surface Location Data for API # 05-123-42859 Wehl:Nai/No Operator: Status Date: FacilitylD: County: Field: Planned Location As Drilled Location 737 FSL 364 FEL Footages Not Available .ro7fy / Vawj4, 'racFocus Chemical Disclosure Rectistil Wellbore Data for Sidetrac Spud Date: Weilbore Permit Permit #: Prop Depth/Form: Mineral Owner: Unit: Formation and Spacing: Casing: Cement: Casing: Cement: Weilbore Completed Completion Date: Measured TD: 11172 Measured PB depth: 10905 True Vertical TO: 6625 True Vertical PB depth: 6632 Top PZ Location: Sec: 21 Twp: 5N 64W Footage: 700 FSL 1234 FEL Depth Bottom Hole Location: Sec: 21 Twp: 5N 64W Footages: 501 FNL 1234 FEL Depth Log Types: CBL, MWD (DIL in 123-22006) Casing: String Type: SURF , Hole Size: 12.25, Size: 9.625, Top: 0, Depth: 1495, Weight: 36 Cement: Sacks: 690, Top: 0, Bottom: 1495, Method Grade: VISU Casing: String Type: 1ST , Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 10920, Weight: 20 Cement: Sacks: 1790, Top: 0, Bottom: 10920, Method Grade: VISU / - ri Orders Status: PR 4/8/2017 CHESNUT #21T-201 (click well name for production) PDC ENERGY INC - 69175 4/8/2017 445025 WELD #123 Federal or State Lease #: LocationID: D: Location: WATTENBERG - #90750 Elevation: Lat/Long: 40.3795/-104.54661 Lat/Long: 40.37949/-104.5466 Job Date: 3/11/2017 Reported: 4/21/2017 Job End Date: 3/15/2017 p k #00 4/19/2016 Spud Date is: HORIZONTAL Expiration Date: 11308 Surface Mineral Owner Same: FEE Surface Owner: FEE Unit Number: Code: NBRR , Formation: NIOBRARA , Order: , Unit Acreage: 320, Drill Unit: GWA String Type: SURF , Hole Size: 12.5, Size: 9.625, Top: 0, Depth: 1450, Weight: 36 Sacks: 920, Top: 0, Bottom: 1450, Method Grade: String Type: 1ST , Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 11308, Weight: 20 Sacks: 2035, Top: 0, Bottom: 11308, Method Grade: Status: PR 444671 SESE 21 5N64W 6 PM 4,640 ft. Lat/Long Source: Field Measured Lat/Long Source: Field Measured Days to report: 37 4/25/2016 4/8/2017 ACTUAL 3/1/2018 3:34:54 PM Formation PARKMAN SUSSEX SHANNON SHARON SPRINGS N IOBRARA Log Top 3603 4274 5034 6582 6834 Completed information for formation N-COM 1st Production Date: Status Date: 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 e Completed information for formation NBRR 1st Production Date: 4/4/2017 Status Date: 4/8/2017 N NIOBRARA Commingled: Formation Name: Formation Treatment Treatment Date: 4/1/2016 4/1/2016 NOT COMPLETED 3/11/2017 Log Bottom Cored Status: CM 4/1/2016 Choke Size: Open Hole Completion: Production Method: Status: Tubing Setting Depth: Tubing Multiple Packer: Open Hole Bottom: Status: PR Choke Size: Open Hole Completion: Production Method: Status: Treatment Type: Treatment End Date: CM 4/8/2017 N PR FRACTURE STIMULATION 3/15/2017 DSTs http://cogcc.state.co.us/cogis/FacilityDetail.asp?facid 12342859& pe=WELL 3/21/2018 COGIS - WELL Information Page 2 of 2 Treatment summary: 23 Stage Plug and Perf, Perfd from 7048-10741, 3 Toe Sleeves from 10759-10859 Total Fluid: 75,025 bbls Gel Fluid: 50,878 bbls Slickwater Fluid: 23,610 bbls 15% HCI Acid: 537 bbls Total Silica Proppant: 4,179,000 lbs Method for determining flowback: measuring flowback tank volumes Total fluid used in treatment (bbls): 75025 Max pressure during treatment (psi): 4604 Total gas used in treatment (mcf): Fluid density (lbs/gal): 8.34 Type of gas: Number of staged intervals: 23 Total acid used in treatment (bbls): 537 Min frac gradient (psi/ft): 1.01 Recycled water used in treatment (bbls): Total flowback volume recovered (bbls): 3819 Produced water used in treatment (bbls): 74488 Disposition method for flowback: DISPOSAL Total proppant used (Ibs): 4179000 Green completions techniques utilized: True Reason green techniques not utilized: Tubing Size: 2.375 Tubing Setting Depth: 6865 Tubing Packer Depth: Tubing Multiple Packer: Open Hole Top: Open Hole Bottom: Initial Test Data: Test Date: 4/8/2017 Test Method: Flowing Hours Tested: 24 Gas Type: WET Gas Disposal: SOLD Test Type Measure BBLS_H2O 354 BBLS_OIL 280 BTU_GAS 1307 CALC_BBLS_H2O 354 CALC_BBLS_OIL 280 CALC_GOR 2396 CALC_MCF_GAS 671 CASING_PRESS 2677 GRAVITY_OIL ITY_OI L 49 MCF_GAS 671 TUBING_PRESS 1722 Perforation Data: Interval Bottom: 10859 Interval Top: 7048 # of Holes: 816 Hole Size: 0.42 http://cogcc.state.co.us/cogis/FacilityDetail.asp?facid=12342859&type=WELL 3/21/2018 Summary of Lease Dated: Recorded: Lessor: Lessee: Lands Covered: Primary Term: Royalty: Delay Rentals: Shut-in Royalty Clause: Lesser Interest Clause: Pooling Clause: Entireties Clause: Warranty Clause: Pugh Clause: Special Provisions: (Covering a 100% mineral interest in Tracts 9D, 9H, 9L and 9O) February 26, 2016 March 4, 2016 atece Weld County, Colorado, a political subdivision of the State of Colorado, acting by and through the Board of County Commissioner of the County of Weld Aztec N:xploration, LLC Township 5 North, Range 64 West, 6t" P.M. Section 21: Lots 3, 7, 14, 17, 24 and 26, Kersey Colony Subdivision Containing 0.5855 acres, more or less Weld County, Colorado Until the hour of twelve o'clock noon on February 26, 2019 18.5% done, Paid -up Yes, If Lessee is unable to produce oil and/or gas due to a lack of a suitable market, Lessor may grant Lessee a suspension of obligations to produce until a suitable market can be found, provided that Lessee shall pay to Lessor a shut-in royalty equal to $2.50 per acre of the lease per annum in addition to the annual rental. The minimum amount of such shut-in royalty payment shall be S240. The maximum extension of the lease due to the existence of a shut-in well, shall be 5 years beyond the extension term. The granting of any further extensions shall be at the sole option of Lessor. Yes Yes, broad form pooling clause with no acreage limitation None None None This Lease contains numerous additional special provisions, including, but not limited to: EXHIBIT "A" Supplemental Drilling and Division Order Title Opinion ovember 20, 2015 F/2 Sec. 21 & W/2W/2 Sec. 22, Township 5 North, Range 64 West 6111P. Weld County, Colorado Page 173 M. ASSIGNMENTS — Lessee, upon payment of a $100.00 fee and with the written consent of Lessor, shall have the right to assign this lease as to the entire leasehold interest of laid Lessee in all or part of the lands covered hereby. If any assignment of a portion of the land covered hereby shall be approved, a new lease shall be issued to the Assignee covering the assigned land, containing the same terms and conditions as this lease, and limited as to term as this lease is limited, and the Assignor shall be released and discharged from further obligations and liabilities as to that portion so assigned. OVERRIDING ROYALTY - Any and all reservations or assignments of overriding royalties shall be subject to approval of Lessor. The total of said overriding royalties shall not exceed 5 percent, including any overriding royalties previously provided for. In the event that production drops to an amount that would cause the well to be shut-in or to be plugged, then overriding royalties based on last in first out, or prorated, may be suspended to allow the well, if possible, to be economic. A reservation or assignment of an overriding royalty interest shall not relieve Lessee of any of its obligations for payment of royalties to Lessor as provided by ROYALTY paragraph herein. EXTENSION - If Lessee shall have failed to make discovery of oil and gas or either of them in paying quantities during the primary term hereof, or during drilling operations commenced during the primary term hereof, Lessee may make written application to Lessor to extend this lease.. . See the subject Lease for additional special provisions. Affidavits of Lease Extension: None Assignments of Working Interests: 1. Document: Assignment of Oil and Gas Lease Dated: March 4, 2016 Recorded: March 4, 2016 at Reception No. 4185794 EXHIBIT "A" Supplemental Drilling and Division Order Title Opinion November 20, 2015 E/2 Sec. 21 & W/2W/2 Sec. 22, Township 5 North, Range 64 West 6th P.M. Weld County, Colorado Page 174 Assignor: Aztec Exploration, LLC Assignee: Incline Niobrara Partners, LP Lands Covered: All of the Lease premises Interest Conveyed: All of the Assignor's interest in the above Lease Interest Reserved: None Depth Limit: None Special Provisions: None Assignments of Overriding Royalty Interests: None EXHIBIT "A" Supplemental Drilling and Division Order Title Opinion November 20, 2015 E/2 Sec. 21 & W/2W/2 Sec. 22, Township 5 North, Range 64 West 6th P.M. Weld County, Colorado Page 175 COUNTY ATTORNEY STAFF APPROVAL 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): Chesnut #21T-321, Chesnut #21T-301, Chesnut 21T -241ST, Chesnut #21T-201 File Location(s): LE0392 BY: DATE: Bruce Barker - County Attorney NOTES: 0.70 mineral acres/ 319.96 acres spacing unit * 18.5% = 0.00040473 MATCH Hello