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Address Info: 1150 O Street, P.O. Box 758, Greeley, CO 80632   |    Phone: (970) 400-4225   |    Fax: (970) 336-7233   |    Email: egesick@weld.gov   |    Official: Esther Gesick - Clerk to the Board
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HomeMy WebLinkAbout20170687■ Owner: 2101559 Weld County Colorado Board of Cou QRA Check Number: 1856883 Check Date: 02/20/2017 Check Amount: $1,072.87 AFCEV F ED E8 2 8 2017 S ONens I yFY 1' 41 29 L5p 'RS Encana Oil & Gas (USA) Inc. 370 17th Street, Suite 1700 Denver, CO 80202 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Legend Product Codes (PC) Interest Types (Int Type) Tax Type Codes Deduct Codes (Ded Cd) 100 - Oil (bbl) 200 -Gas (met) 300 - Condensate (bit) 400 - Plant Products (bi) 600 -Helium DRP - Dnp Condensate (bpi) NM - Non -Pop Mineral rot NP - Net Profit Int NR - Non-Prtp Royalty Int OM - Overnding Royalty -Miller OO- Overriding Royally -Opt Out OR - Overriding Royalty O5 - Overriding Royalty -Settlement OU - Overriding Royalty -Unit Ally OV - Reversionary Override PP - Production Payment RI - RoyattV Interest RM - Royalty -Miller RO - Royalty Opt -Out RS - Royalty -Settlement SR - State Royalty UL . Unleased LA Mineral Ion UM - Unleased Mineral Int UR - Unleased Royalty Int WI - Working Interest AV - Ad Valorem AV1 - Ad Valorem True -up CN - Conservation Tax FE - Environmental Tax (Gas) MT- 04 and Gas Maintenance Charge PR - Production Tax ES/SCH - School Tax ST- Shoshone Indians Tribal Sev Tax SV - Severance Tax a1 -Compression 02 -Dehydration N - Prorenrq a. T,ey.y On • Transportation Fuel os- uniueed Gas Tranevod 07 - unwsxed N01 Trumped 0a -Teo. Mrgg Ad 09- Taxes tarts AR Other 10 -Other 11 -Gathering 12. Production Interest 13 -Compress. Feel 14-fonpreaa. Fuel - Other 15- High Pressure Gem 16 -Law Pressure Gem 17 -Gas Liquid Adi Dna 1e -Gas liquid Aar 1101 19-Marketvq 20 -Shook 21 -Transportation (EMUS) 22 -Tram{wrtallon(Non-EMUS) 23 -Presence Creek Pipeline 24- Pt. Therm25Reduction 24 -Production Tee Interest 26- Lease Use 27 - Processing Fuel 28-CordrOll Traropon.non OR -Oil Restoratron/ Processors Tea Well Number Sales Dale Property Name County PC Int Type Entitlement Decimal SOD Price State MCF Avg Price MMBTU Avg Price Wh MMBTU BTU Factor Well Gross Vol (mc1) Owner Vol (mcf) Well Gross Value $ Owner Gross Value $ Well Sev Tax $ Owner Sec Tax $ Tax Type Cd Well Deducts $ Owner Deducts $ Ded Cd Well Net Value Owner Net Value $ 19634 07/01/2013 19634 12/01/2013 19634 12/01/2016 19634 C14/01/2013 19634 07/01/2013 19634 08/01/2013 19634 09/01/2013 19634 12/01/2016 E RINN UNIT 23-15 (J) Weld E RINN UNIT 23-15 (J) Weld E RINN UNIT 23-15 (J) Weld E RINN UNIT 23-15 (J) Weld E RINN UNIT 23-15 (J) Weld E RINN UNIT 23-15 (J) Weld E RINN UNIT 23-15 (J) Weld E RINN UNIT 23-15 (J) Weld 200 RM 200 RM 200 RM 400 RM 400 RM 400 RM 400 RM 400 RM 0.0000056600 0.0000056600 0.0000056600 0.0000056600 0.0000056600 0.0000056600 0.0000056600 0 0000056600 CO CO CO CO CO CO CO CO 3.87 3.40 4O6 4O6 3.17 3.17 38.31 0.00 38.24 0.00 41.74 0.00 49.27 0.00 30.15 0.00 -178.93 1.138 40.56 1.000 69.80 1.000 0.00 0.000 0.00 0.000 0.00 0.000 0.00 0.000 0.00 0.000 -157.23 0.00 40.56 0.00 69.80 0.00 -4.36 0.00 -16.33 0.00 -4.81 0.00 -3.43 0.00 6.64 0.00 -608.24 -0.03 164.87 0.01 221.01 0.01 -167.02 -0.01 -624.38 -0 03 -200.79 -0.01 -168.99 -0O1 200.19 0O1 -57.59 0.00 14.37 0.00 25.53 0.00 03 03 03 -550.65 -0.03 150.50 0O1 195.48 0.01 -167.02 -0.01 -624.38 -0.03 -200.79 -0.01 -168.99 -0.01 200.19 0.01 19634 - E RINN UNIT 23-15 (J) Subtotal: -0.06 0.00 0.00 -0.06 28366 01/01/2013 28366 01/01/2013 28366 02101/2013 28366 02/01/2013 28366 03/01/2013 28366 03/01/2013 28366 05/01/2013 28366 05/01/2013 28366 06/0112013 28366 06/01/2013 28366 07/01/2013 28366 07/01/2013 28366 08/01/2013 BARCLAY CRISMAN 2-4-20 (J) Weld BARCLAY CRISMAN 2-4-20 (J) Weld BARCLAY CRISMAN 2-4-20 (J) Weld BARCLAY CRISMAN 2-4-20 (J) Weld BARCLAY CRISMAN 2-4-20 (J) Weld BARCLAY CRISMAN 2-4-20 (J) Weld BARCLAY CRISMAN 2-4-20 (J) Weld BARCLAY CRISMAN 2-4-20 (J) Weld BARCLAY CRISMAN 2-4-20 (J) Weld BARCLAY CRISMAN 2-4-20 (J) Weld BARCLAY CRISMAN 2-4-20 (J) Weld BARCLAY CRISMAN 2-4-20 (J) Weld BARCLAY CRISMAN 2-4-20 (J) Weld 200 RM 200 RM 200 RM 200 RM 200 RM 200 RM 200 RM 200 RM 200 RM 200 RM 200 RM 200 RM 200 RM 0.0312500000 0.0312500000 0.0312500000 0.0312500000 0.0312500000 0.0312500000 0.0312500000 0.0312500000 0O312500000 0.0312500000 0.0312500000 0.0312500000 0.0312500000 CO CO CO CO CO CO CO CO CO CO CO CO CO 3.55 3.55 3.58 327 3.50 3.50 3.50 3.20 3.64 3.64 3.64 3.32 4.33 4.33 4.34 3.84 4.31 4.31 4.31 3.83 3.86 3.86 3.87 3.40 3.73 3.73 34.61 1.000 -37.2C 1.094 19.68 1.000 -21.88 1.094 23.98 1.000 -26.39 1.097 18.51 1.000 -21.62 1.129 22.85 1.000 -26.16 1.127 16.74 1.000 -1922 1.136 5.39 1.000 3461 6.96 -34.00 -6 84 19.68 394 -20.00 -4 02 23.98 4.83 -24.06 -4.84 18.51 3.72 -19.15 -3.85 22.85 4.59 -23.21 -4.66 1674 3.36 -16.89 -3.39 5.39 1.08 12296 24.70 -121.73 -24.45 68.88 13.84 -70.06 -14.07 87.36 17.55 -87.69 -17.61 80.13 16.09 -83.02 -16.67 98.47 19.78 -100.15 -20.11 64.65 12.98 -65.33 -13.13 2017-0687 11.80 2.38 -11.80 -2.38 6.90 1.39 -690 -1.39 8.41 1.69 1.62 0.34 -8.41 -1.69 6.78 1.36 -6.78 -1.36 8.32 1.66 -8.32 -1.66 6.15 1.23 -6.15 -1.23 1.95 03 03 03 03 03 15 03 03 03 03 03 03 03 03 111.16 22.32 -10993 -22.07 61.98 12.45 -63.16 -12.68 77.33 15.52 -79.28 -15.92 73.35 14.73 -76.24 -15.31 90.15 18.12 -91.83 -18.45 58.50 11.75 -59.18 -11.90 18.17 3.64 Page 1 QRA Check Number: Check Date: Check Amount: Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Wet Number Property Name PC Entitlement Decimal SOD Price, MCF Avg Price- ' Wh MMBTU Well Gross Vol (mcO Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date Coun tY Int Type _ stale : . MMBTU Avg Price BTU Factor Owner Vol (mot) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 3.74 -6.2� -5.46 -2041 -1.95 03 -18.46 08/01/2013 Weld RM CO 3.28 1.13 -1.09 -4.11 -040 -3,71 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 3.68 20.52 20.52 75.47 7.40 03 67.76 09/01/2013 Weld RM CO 3.68 1.000 4.13 1516 149 13.60 031 15 0.07 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 368 -22.94 -20.34 -74.92 -7.40 03 -67.52 09/01/2013 Weld RM CO 3.27 1.128 -4.08 -15.05 -1.49 -1356 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 3.77 30.45 30.45 114.71 10.97 03 103.74 10/01/2013 Weld RM CO 3.77 1.000 6.12 23.04 2.21 20.83 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 3.76 -34.06 -30.36 -114.27 -10.97 03 -103.30 10/01/2013 Weld RM CO 3.35 1122 -6.10 -22.96 -2.21 -20.75 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 3.97 26.18 25.16 100.01 9.02 03 90.99 11/01/2013 Weld RM CO 3.97 1.000 5.06 20.08 1.81 18.27 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 4.02 -28.45 -25.00 -100.54 -9.02 03 -91.52 11/01/2013 Weld RM CO 3.53 1.138 -5.02 -20.20 -1.81 -18.39 28386 BARCLAY CRISMAN 2-4.20 (J) 200 0.0312500000 407 19.71 1971 80.13 7.08 03 73.05 12/01/2013 Weld RM CO 407 1.000 3.96 16.09 1.42 1467 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 4.06 -21.97 -19.69 -79.94 -22.51 03 -57.43 12/01/2013 Weld RM CO 3.64 1.116 -3.95 -16.06 -4.52 -11.54 28366 BARCLAY CRISMAN 2-4-20 (J) 200 00312500000 487 40.84 40.84 199.06 15.16 03 18390 01/01/2014 Weld RM CO 4.87 1.000 8.20 39.98 3.05 36.93 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 4.89 -45.85 -41.05 -200.59 -15.16 03 -185.43 01/01/2014 Weld RM CO 4.37 1.117 -8.24 -40.29 -3.05 -37.24 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 601 71.83 71.83 431.55 23.15 03 408.40 02/01/2014 Weld RM CO 6.01 1.000 14.43 86.68 4.64 82.04 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 6.29 -70.37 -59.23 -372.80 -23.15 03 -349.65 02/01/2014 Weld RM CO 5.30 1.188 -11.90 -74.88 -4.64 -70.24 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 5.90 45.87 45.87 270.46 17.17 03 253.29 03/01/2014 Weld RM CO 5.90 1.000 9.21 54.34 3.44 50.90 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 6.26 -52.08 -43.47 -272.08 -1.92 03 -270.16 03/01/2014 Weld RM CO 5.22 1.198 -8.73 -54.65 -0.38 -54.27 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 4.80 57.07 57.07 273.81 21.39 03 252.42 04/01/2014 Weld RM CO 4.80 1.000 11.46 54.99 4.30 50.69 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 4.93 -64.42 -55.39 -273.05 -21.39 03 -251.66 04/01/2014 Weld RM CO 4.24 1.163 -11.12 -54.84 -4.30 -50.54 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 4.92 48.93 48.93 240.87 18.41 03 213.30 05/01/2014 Weld RM CO 4.92 1.000 9.84 48.39 3.70 42.85 9.16 15 1.84 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 5.20 -5308 -45.52 -236.93 -1841 03 -218.52 05/01/2014 Weld RM CO 446 1166 -9.14 -47.60 -3.70 -43.90 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 4.73 43.25 43.25 204.62 16.18 03 188.44 06/01/2014 Weld RM CO 4.73 1.000 8.68 41.10 3.24 37.86 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 4.89 -49.22 -41.78 -204.25 -16.18 03 -188.07 06/01/2014 Weld RM CO 415 1.178 -8.40 -41.04 -3.24 -37.80 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 4.64 38.93 38.93 180.72 14.12 03 166.60 07/01/2014 Weld RM CO 464 1.000 7.82 36.30 2.84 33.46 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 4.49 -44.35 -41.29 -185.31 -14.12 03 -171.19 07/01/2014 Weld RM CO 4.18 1.074 -8.30 -37.22 -2.84 -34.38 28366 BARCLAY CRISMAN 2-4-20 (J) 200 0.0312500000 3.17 58.47 58.47 185.14 21.40 03 163.74 12/01/2016 Weld RM CO 3.17 1.000 11.75 37.18 4.30 32.88 28366 BARCLAY CRISMAN 2-420 (J) 400 0.0312500000 48.44 0.0C 2.87 139.01 139.01 01/01/2013 Weld RM CO 0.00 0.009 0.58 27.92 27.92 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 52.20 0.00 -2.90 -151.37 -151.37 01/01/2013 Weld RM CO 0.00 0.000 -0.58 -30.40 -30.40 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 43.89 0.00 1.88 82.52 82.52 02/01/2013 Weld RM CO 0.00 0.006 0.38 16.58 16.58 Page 2 Owner: 2101559 QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mob Well Gross Value E Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date County Int Type State MMBTU Avg Price BTU Factor Owner Vol (mcf) Owner Gross Value $ Owner Sev Tax S Owner Deducts $ Owner Net Value $ 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 44.82 0.00 -1.76 -78.89 -78.89 02/01/2013 Weld RM CO 0.00 0.000 -0.36 -15.84 -15.84 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 4020 0.00 2.27 91.25 91.25 03/01/2013 Weld RM CO 0.00 0.000 0.46 18.33 18.33 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 40.08 0.00 -2.24 -89.78 -89.78 03/01/2013 Weld RM CO 0.00 0.000 -0.46 -18.03 -18.03 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 38.07 0.00 2.30 87.56 87.56 04/01/2013 Weld RM CO 0.00 0.000 0.46 17.58 17.58 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 38.10 0.00 -2.29 -87.25 -87.25 04/01/2013 Weld RM CO 0.00 0.000 -0.46 -17.53 -17.53 28366 BARCLAY CRISMAN 2-420 (J) 400 0.0312500000 34.58 0.00 1.93 66.73 66.73 05/01/2013 Weld RM CO 0.00 0000 0.38 13.40 13.40 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 34.08 0.00 -1.52 -51.80 -51.80 05/01/2013 Weld RM CO 0.00 0.000 -0.31 -10.41 -10.41 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 33.25 0.00 2.34 77.81 77.81 06/01/2013 Weld RM CO 0.00 0.000 0.48 15.63 15.63 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 33.75 000 -1.98 -66.82 -66.82 06/01/2013 Weld RM CO 0.00 0.000 -0.40 -13.42 -13.42 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 36.37 0.00 1.74 63.28 63.28 07/01/2013 Weld RM CO 0.00 0.000 0.36 12.72 12.72 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 35.75 0.00 -1.50 -53.62 -53.62 07/01/2013 Weld RM CO 0.00 0.000 -0.31 -10.78 -10.78 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 43.69 0.00 0.54 23.59 23.59 08/01/2013 Weld RM CO 0.00 0.000 0.12 4.74 4.74 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 38.44 0.00 -0 45 -17.30 -17.30 08/01/2013 Weld RM CO 0.00 0.000 -0.10 -3.46 -346 28366 BARCLAY CRISMAN 2.420 (J) 400 0.0312500000 39.85 0.00 2.02 80.49 80.49 09/01/2013 Weld RM CO 0.00 0.000 0.41 16.18 16.18 28366 BARCLAY CRISMAN 2-420 (J) 400 0.0312500000 41.21 0.00 -1.83 -75.42 -75.42 09/01/2013 Weld RM CO 0.00 0.000 -0.36 -15.14 -15.14 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 41.73 0.00 3.02 126.01 126.01 10/01/2013 Weld RM CO 0.00 0.000 0.60 25.30 25.30 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 42.78 0.00 -2.69 -115.09 -115.09 10/01/2013 Weld RM CO 0.00 0.000 -0.54 -23.12 -23.12 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 43.29 0.0C 2.42 104.77 104.77 11/01/2013 Weld RM CO 0.00 0.000 0.48 21.04 21.04 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 44.40 0.00 -2.10 -93.24 -93.24 11/01/2013 Weld RM CO 0.00 0000 -042 -18.74 -18.74 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 46.47 0.00 1.97 91.55 91.55 12/012013 Weld RM CO 0.00 0.00C 0.40 18.38 18.38 28366 BARCLAY CRISMAN 2-420 (J) 400 0.0312500000 45.53 0.00 -1.74 -79.22 -79.22 12/01/2013 Weld RM CO 000 0.000 -0.36 -15.91 -15.91 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 52.40 0.00 4.36 228.47 228.47 01/01/2014 Weld RM CO 0.00 0000 0.87 45.90 45.90 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 50.91 0.00 -3.76 •191.42 -191.42 01/01/2014 Weld RM CO 0.00 0.000 -0.75 -38.46 -38.46 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 55.62 0.00 3.24 180.22 18022 02/01/2014 Weld RM CO 0.00 0.000 0.64 36.20 36.20 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 51.97 0.00 -5.52 -286.85 -286.85 02/01/2014 Weld RM CO 0.00 0.000 -1.10 -57.62 -57.62 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 39.92 0.00 4.88 194.83 194.83 03/01/2014 Weld RM CO 0.00 0.000 0.98 39.14 39.14 28366 BARCLAY CRISMAN 2-4-20 (J) 400 00312500000 39.99 0.00 -4.10 -163.94 -163.94 03/01/2014 Weld RM CO 0.00 0.000 -0.83 -32.92 -32.92 28366 BARCLAY CRISMAN 2.4-20 (J) 400 0.0312500000 40.74 0.00 6.03 24568 245.68 04/01/2014 Weld RM CO 0.00 0.000 1.22 49.35 49.35 28366 BARCLAY CRISMAN 2-4-20 (J) 400 00312500000 41.26 0.00 -5.19 -214.13 -214.13 04/01/2014 Weld RM CO 0.00 0.000 -1.04 •43.00 -43.00 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Page 3 QRA Check Number: Check Date: Check Amount: Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcf) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date CounIM ty Type State MMBTU Avg Price BTU Factor Owner Vol (met) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 28366 BARCLAY CRISMAN 2-4.20 (J) 400 00312500000 39.16 0.0C 5.21 204.03 204.03 05/0112014 Weld RM CO 0.00 0.000 1.05 40.98 40.98 28386 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 35.73 0.00 -4.21 -150.43 -150.43 05/01/2014 Weld RM CO 0.00 0.000 -0.84 -30.23 -30.23 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 40.21 0.00 4.38 176.14 176.14 06/01/2014 Weld RM CO 0.00 0.000 087 35.38 35.38 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 42.82 0.00 -3.69 -158.01 -158.01 06/01/2014 Weld RM CO 0.00 0.000 -0.74 -31.74 -3174 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 38.63 0.00 3.79 146.41 146.41 07/01/2014 Weld RM CO 0.00 0.000 0.76 29.40 29.40 28366 BARCLAY CRISMAN 2.4-20 (J) 400 0.0312500000 41.28 0.00 -3.43 -141.59 -141.59 07/01/2014 Weld RM CO 0.00 0.000 -0.70 -2844 -28.44 28366 BARCLAY CRISMAN 2-4-20 (J) 400 0.0312500000 30.46 0.00 4.15 126.41 126.41 12/01/2016 Weld RM CO 0.00 0.000 0.84 25.38 25.38 28366 • BARCLAY CRISMAN 2-4-20 (J) Subtotal: 101.71 0.00 6.51 95.20 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 3.55 256.41 256.41 910.81 87.43 03 823.38 01/01/2013 Weld RM CO 3.55 1.000 51.50 182.94 17.57 165.37 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 3.55 -277.88 -254.00 -901.55 -87.43 03 -814.12 01/01/2013 Weld RM CO 3.24 1.094 -51.02 -181.08 -17.57 -163.51 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 3.50 145.98 145.98 510.78 51.17 03 459.61 02/01/2013 Weld RM CO 3.50 1.000 29.32 102.60 10.28 92.32 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 3.51 -161.91 -148.00 -519.55 -51.17 03 -468.38 02/01/2013 Weld RM CO 3.21 1.094 -29.72 -104.36 -10.28 -94.08 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 3.64 177.68 177.68 647.24 62.27 03 572.99 03/01/2013 Weld RM CO 364 1.000 35.70 130.00 12.51 115.09 11.96 15 2.40 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 3.64 -195.53 -178.24 -649.60 -62.27 03 -587.33 03/01/2013 Weld RM CO 3.32 1.097 -35.80 •130.48 -12.51 -117.97 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 4.19 179.31 179.31 751.73 63.63 03 688.10 04/01/2013 Weld RM CO 4.19 1.000 36.02 150.99 12.78 138.21 29114 BARCLAY CRISMAN 2-4-20 (C) 200 00312500000 4.20 -199.76 -179.32 -752.26 -63.63 03 -688.63 04/01/2013 Weld RM CO 3.77 1.114 -3602 -151.10 -12.78 -138.32 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 4.33 137.24 137.24 594.02 50.25 03 543.77 05/01/2013 Weld RM CO 4.33 1000 27.57 119.32 10.10 109.22 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 4.34 -16025 -141.94 -615.48 -50.25 03 -565.23 05/01/2013 Weld RM CO 384 1.129 -28.51 -123.62 -10.10 -113.52 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 4.31 169.34 169.34 729.70 61.68 03 668.02 06/01/2013 Weld RM CO 4.31 1.000 34.02 146.58 12.38 134.20 29114 BARCLAY CRISMAN 2-420 (C) 200 0.0312500000 4.31 -193 88 -172.03 -742.18 -61 .68 03 -680.50 06/01/2013 Weld RM CO 3.83 1127 34.55 -149.08 -12.38 -136-70 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 3.86 123.80 123.80 478.19 45.52 03 432.67 07/0112013 Weld RM CO 3.86 1.000 24.86 96.06 9.14 86.92 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 3.87 -142.15 •124.91 -483.18 -45.52 03 -437.66 07/01/2013 Weld RM CO 3.40 1.138 -2508 -97.05 -9.14 -87.91 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 3.73 40.01 40.01 149.35 14.51 03 134.84 08/01/2013 Weld RM CO 3.73 1.000 8.04 30.00 2.92 27.08 29114 BARCLAY CRISMAN 2.4.20 (C) 200 0.0312500000 3.74 -46.20 -40.56 -151.65 -14.51 03 -137.14 08/01/2013 Weld RM CO 3.28 1.139 -8.15 -30.46 -2.92 -27.54 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 3.68 151.53 151.53 557.31 54.62 03 500.43 09/01/2013 Weld RM CO 3.68 1.000 30.44 111.94 10.97 100.51 2.26 15 0.46 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 3.68 -169.46 -150.23 -553.23 -54.62 03 498.61 09/01/2013 Weld RM CO 3.26 1.128 -30.18 -111.12 -10.97 •100.15 29114 BARCLAY CRISMAN 2-420 (C) 200 0.0312500000 3.77 224.99 22499 847.64 81.04 03 766.60 10/01/2013 Weld RM CO 3.77 1.000 45.20 170.26 16.28 153.98 29114 BARCLAY CRISMAN 2.4-20 (C) 200 0.0312500000 3.76 -251.79 -224.41 -844.55 -81.04 03 -763.51 10/01/2013 Weld RM CO 3.35 1.122 -4508 -169.64 -16.28 -153.36 Page 4 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: Well Number Properly Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mot) Wet Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date Count y Int Type Slate MMBTU Avg Price BTU Factor Owner Vol (mcr) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 3.98 186.00 18600 739.39 66.69 03 672.70 11/01/2013 Weld RM CO 3.98 1.000 37.36 148.52 1340 135,12 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 4.02 -21042 -184.90 -743.49 -66.69 03 -676.80 11/01/2013 Weld RM CO 3.53 1.138 -37.14 -149.34 -13.40 -13594 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 4.06 145.43 145.43 591.10 52.24 03 538,86 12/01/2013 Weld RM CO 4.06 1.000 29,21 118.74 10.50 108.24 29114 BARCLAY CRISMAN 2-4-20 (C) 200 00312500000 4.06 -162.14 -145.29 -589.90 -47.90 03 -542,00 12/01/2013 Weld RM CO 3.64 1.116 -29.18 -118.49 -9.62 -108.87 29114 BARCLAY CRISMAN 2-4-20 (C) 200 00312500000 4.87 8148 81 48 397.15 30.25 03 366.90 01/01/2014 Weld RM CO 4.87 1.000 16.38 79.77 6.08 73.69 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 4.89 -91.49 -81,91 -400.21 -3025 03 -369.96 01/01/2014 Weld RM CO 4.37 1117 -16.46 -80.38 -6.08 -74.30 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 601 143.40 143.40 861,50 46.22 03 815.28 02/0112014 Weld RM CO 6.01 1,000 28.82 173.04 9.28 163.76 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0,0312500000 6.29 -140.48 -118.25 -744.23 -46.22 03 -698.01 02/01/2014 Weld RM CO 5.30 1.188 -23.76 -149.48 -9.28 -140.20 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 5 90 91.99 91.99 542.38 34.44 03 507.94 03/01/2014 Weld RM CO 5.90 1.000 18.48 108.94 6.92 102.02 29114 BARCLAY CRISMAN 2-4.20 (C) 200 0.0312500000 6.26 -104.45 -87.19 -545.67 -2.06 03 -543.61 03/01/2014 Weld RM CO 5.22 1.198 -17.52 -10961 -0.42 -109.19 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 4.80 113.89 113.89 546.39 42.68 03 50371 04/01/2014 Weld RM CO 4.80 1.000 22.88 109.75 8.58 101.17 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 4.93 -128.52 -110.51 -544.82 -42.68 03 -502.14 04/01/2014 Weld RM CO 4.24 1.163 -22.20 -109,43 -8.58 -100.85 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 4,92 97.88 9798 481.82 36.83 03 426.71 05/01/2014 Weld RM CO 4.92 1.000 19.66 96.78 7.40 85.70 18.28 15 3.68 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 5.20 -106.14 -9103 -473.81 -36.83 03 -436.98 05/01/2014 Weld RM CO 4.46 1.166 -18.29 -95.17 -7.40 -87.77 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 4.73 86.51 86.51 409.29 32.36 03 376.93 06/01/2014 Weld RM CO 4.73 1.000 17.38 8222 6.50 75.72 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 4.89 -98.43 -83.56 -408.46 -32.36 03 -376.10 06/0112014 Weld RM CO 4.15 1.178 -16.77 -82.04 -6.50 -75,54 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0,0312500000 4.6-4 77.62 77.62 360.34 28.15 03 332.19 07/01/2014 Weld RM CO 4.64 1.000 15.59 72.38 5.66 66.72 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 4.49 -88.43 -8234 -369.49 -28.15 03 -341.34 07/01/2014 Weld RM CO 4.18 1.074 -16.54 -74.22 -5.66 -68.56 29114 BARCLAY CRISMAN 2-4-20 (C) 200 0.0312500000 3.17 116.94 116.94 370.27 42.81 03 327.46 12/01/2016 Weld RM CO 3.17 1.000 23.49 74.38 8.59 65.79 29114 BARCLAY CRISMAN 2-4-20 (C) 300 0.0312500000 39.69 0.00 97.72 3,878.16 3,878.16 11/01/2016 Weld RM CO 0.00 0.000 3.06 121.20 121.20 29114 BARCLAY CRISMAN 2-4-20 (C) 300 0.0312500000 39.70 0.00 -97.72 -3.879.62 -3,879.62 11/01/2016 Weld RM CO 0.00 0.000 -3.06 -121.24 -121.24 29114 BARCLAY CRISMAN 2-4-20 (C) 400 00312500000 48.43 0.00 21.26 1,029.57 1,029.57 01/01/2013 Weld RM CO 0,00 0.000 4.26 206.80 206.80 29114 BARCLAY CRISMAN 2-4-20(C) 400 0.0312500000 51.99 0.00 -21.57 -1,121,32 -1,121.32 01/01/2013 Weld RM CO 0.00 0.000 -4.33 -225.23 -225.23 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 43.87 0.00 13.94 611.58 611.58 02/01/2013 Weld RM CO 0.00 0.000 2.80 122.85 122.85 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 44.50 0.00 -13.14 -584.71 -584.71 02/01/2013 Weld RM CO 0.00 0.000 -2.64 -117.45 -117.45 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 40.23 0.00 16.80 675.83 675.83 03/01/2013 Weld RM CO 0.00 0.000 3.37 13575 135.75 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 40.01 0.00 -16.62 -665.03 -665.03 03/01/2013 Weld RM CO 0.00 0.000 -3.34 -133.58 -133.58 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 38.07 0.00 16.98 646.50 646.50 04/01/2013 Weld RM CO 000 0.000 3.42 129.86 129.86 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Page 5 QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Wet Gross Vol (mcf) Well Gross Value S Well Sev Tax E Tax Type Cd Well Deducts $ Ded Cd Well Net Value 5 Sales Date Count y Int Type State MMBTU Avg Price BTU Factor Owner Vol (mcf) Owner Gross Value S Owner Sex Tax $ Owner Deducts 5 Owner Net Value 5 29114 BARCLAY CRISMAN 2.4-20 (C) 400 0.0312500000 38.00 O.00 -16.95 -644.16 -644.16 04/01/2013 Weld RM CO 0.00 0.000 -3.40 -129.38 -129.38 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 34.57 0.00 14.31 494.64 494.64 05/01/2013 Weld RM CO 0.00 0.000 2.87 99.36 99.36 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 34.17 0.0C -11.24 -384.06 -384.06 05/01/2013 Weld RM CO 0.00 0.000 -2.26 -77.14 -77.14 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 33.19 0.00 17.37 576.59 576.59 06/01/2013 Weld RM CO 000 0.000 3.48 115.82 115.82 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 33.91 0.0C -14.60 -495.11 -495.11 06/01/2013 Weld RM CO 000 0000 -2.94 -99.45 -9945 29114 BARCLAY CRISMAN 2-4.20 (C) 400 0.0312500000 36.40 0.00 12.86 468.14 468.14 07/01/2013 Weld RM CO 0.00 0.000 2.58 94.03 94.03 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 3560 0.00 -11.14 -39661 -396.61 07/01/2013 Weld RM CO 0.00 0.000 -2.24 -7966 -79.66 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 4350 0.00 4.03 175.29 175.29 08/01/2013 Weld RM CO 0.00 0.000 0.82 35.22 35.22 29114 BARCLAY CRISMAN 2.4.20 (C) 400 00312500000 38.86 0.00 -3.31 -128.63 -128.63 08/01/2013 Weld RM CO 0.00 0.000 -0.66 -25.84 -25.84 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 39.82 0.00 14.93 594.47 594.47 09/01/2013 Weld RM CO 0.00 0.000 3.00 119.42 119.42 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 41.32 0.0C -13.48 -556.94 -556.94 09/01/2013 Weld RM CO 0.00 0.000 -2.72 -111.86 -111.86 29114 BARCLAY CRISMAN 2.4-20 (C) 400 0.0312500000 41.74 0.00 22.31 931.26 931.26 10/01/2013 Weld RM CO 0.00 0.000 4.48 187.06 18706 29114 BARCLAY CRISMAN 2-420 (C) 400 0.0312500000 4267 0.00 -19.93 -850.49 -85049 10/01/2013 Weld RM CO 0.00 0.000 -4.00 -170.82 -170.82 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 43.24 0.00 17.91 774.49 774.49 11/01/2013 Weld RM CO 0.00 0.000 3.59 155.57 155.57 29114 BARCLAY CRISMAN 2.4-20 (C) 400 0.0312500000 4476 0.0C -15.40 -689.23 889.23 11/01/2013 Weld RM CO 0.00 0.000 -3.10 -138.44 -138.44 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 46.55 0.00 14.51 675.48 675.48 12/01/2013 Weld RM CO 0.00 0.000 2.92 135.68 135.68 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 45.47 0.00 -12.86 -58468 -584.68 12/01/2013 Weld RM CO 0.00 0.000 -2.58 -11744 -117.44 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 52.40 0.00 8.70 455.84 455.84 01/01/2014 Weld RM CO 0.00 0.000 1.75 91.56 91.56 29114 BARCLAY CRISMAN 2.420 (C) 400 00312500000 50.92 0.00 -7.50 -381.92 -381.92 01/01/2014 Weld RM CO 0.00 0.000 -1.51 -76.70 -76.70 29114 BARCLAY CRISMAN 2-420 (C) 400 0.0312500000 55.62 0.00 647 359.85 359.85 02/01/2014 Weld RM CO 0.00 0.000 1.30 72.28 72.28 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 51.83 0.00 -11.05 -572.73 -572.73 02/01/2014 Weld RM CO 0.00 0.000 -2.22 -115.04 -115.04 29114 BARCLAY CRISMAN 2-420 (C) 400 0.0312500000 39.91 0.00 9.79 390.76 390.76 03/01/2014 Weld RM CO 0.00 0.000 1.97 78.48 78.48 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 39.90 0.00 -8.24 -328.77 -328.77 03/01/2014 Weld RM CO 0.00 0.000 -1.66 -66.04 -66.04 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 40.72 0.00 12.04 490.24 490.24 04/01/2014 Weld RM CO 0.00 0.000 2.42 98.48 98.48 29114 BARCLAY CRISMAN 2-420 (C) 400 0.0312500000 41.16 0.00 -10.38 -427.27 -427.27 04/01/2014 Weld RM CO 0.00 0.000 -2.10 -85.82 -85.82 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 39.17 0.00 1042 408.15 408.15 05/01/2014 Weld RM CO 0.00 0.000 2.10 81.99 81.99 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 35.83 0.00 -8.40 -300.94 -300.94 05/01/2014 Weld RM CO 000 0.000 -1.68 -60.44 -60.44 29114 BARCLAY CRISMAN 2-420 (C) 400 00312500000 40.16 0.0C 8.77 352.23 35223 06/01/2014 Weld RM CO 0.00 0.000 1.76 70.75 70.75 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 42.82 0.00 -7.38 -316.04 -316.04 06/01/2014 Weld RM CO 0.00 0.000 -1.48 -63.48 -6348 Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Page 6 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Wet Gross Vol (mei) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date Coun tY Int Type State MMBTU Avg Price BTU Factor Owner Vol (mct) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 38.67 0.00 7.55 291.93 291.93 07/01/2014 Weld RM CO 0.00 0.000 1.52 58.64 58.64 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 41.15 0.00 -6.86 -282.27 -282.27 07/01/2014 Weld RM CO 0.00 0.000 -1.38 -56/0 -56.70 29114 BARCLAY CRISMAN 2-4-20 (C) 400 0.0312500000 30.50 0.00 8.29 252.84 252.84 12/01/2016 Weld RM CO 0.00 0.000 1.66 5079 50.79 29114 BARCLAY CRISMAN 2.4-20 (C) Subtotal: 278.90 0.00 22.51 256.39 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 3.55 171.06 171.06 607.65 58.33 03 549.32 01/01/2013 Weld RM CO 3.55 1.000 34.36 122.06 11.72 110.34 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 3.56 -184.89 -169.00 -601.48 -58.33 03 -543.15 01/01/2013 Weld RM CO 3.25 1.094 -33.94 -120.82 -11.72 -109.10 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 3.50 97.40 97.40 340.80 34.14 03 306.66 02/01/2013 Weld RM CO 3.50 1.000 19.57 68.46 6.86 61.60 29115 BARCLAY CRISMAN 2-4-20 (N) 200 02312500000 3.50 -108.31 -9920 -346.66 -34.14 03 -312.52 02/01/2013 Weld RM CO 3.20 1.094 -19.89 -69.64 -6.86 -62.78 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 3.64 11853 118.53 431 79 41.54 03 382.25 03/01/2013 Weld RM CO 3.64 1.000 23.81 86.74 8.34 76.79 8.00 15 1.61 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 364 -130.43 -118.90 -433.35 -41.54 03 -391.81 03/01/2013 Weld RM CO 3.32 1.097 -23.88 -87.04 -8.34 -78.70 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 4.19 119.71 119.71 501.84 42.47 03 459.37 04/01/2013 Weld RM CO 4.19 1.000 24.05 100.80 8.54 92.26 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 4.19 -133.36 -119.71 -502.18 -42.47 03 -459.71 04/01/2013 Weld RM CO 3.77 1.114 -24.05 -100.88 -8.54 -92.34 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 4.33 91.50 91.50 396.01 33.50 03 362.51 05/01/2013 Weld RM CO 4,33 1.000 18.38 79.54 6.74 72.80 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 4.34 -106.83 -94.62 -41030 -33.50 03 -376.80 05/01/2013 Weld RM CO 3.84 1.129 -19.00 -82.42 -6.74 -75.68 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 4.31 112.80 112.80 486.09 41.09 03 445.00 06/01/2013 Weld RM CO 4.31 1.000 22.66 97.63 8.25 89.38 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 4.31 -129.15 -114.60 -494.40 -41.09 03 -453.31 06/01/2013 Weld RM CO 3.83 1.127 -23.02 -99.31 -8.25 -91.06 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 3.86 82.54 82.54 318.80 30.35 03 288.45 07/01/2013 Weld RM CO 3.86 1.000 16.58 64.03 6.09 57.94 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 3.87 -94.75 -8326 -322.10 -30.35 03 -291.75 07/01/2013 Weld RM CO 3.40 1.138 -16.72 -64.70 -6.09 -58.61 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 3.73 26.61 26.61 99.34 9.66 03 89.68 08/01/2013 Weld RM CO 3.73 1.000 5.34 19.96 1.94 18.02 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 3.74 -30.75 -27.00 -100.95 -9.66 03 -91.29 08/01/2013 Weld RM CO 3.28 1.139 -5.42 -20.28 -1.94 -18.34 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 3.68 101.02 101.02 371.55 3641 03 333.63 09/01/2013 Weld RM CO 3.68 1.000 20.30 74.64 7.31 67.02 1.51 15 0.31 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 3.68 -112.98 -100.16 -368.84 -36.41 03 -332.43 09/01/2013 Weld RM CO 3.26 1.128 -20.11 -74.09 -7.31 -6678 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 3.77 150.00 150.00 565.12 54.03 03 511.09 10/01/2013 Weld RM CO 3.77 1.000 30.14 113.51 10.85 102.66 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 3.76 -167.85 -149.60 -563.04 -54.03 03 -509.01 10/01/2013 Weld RM CO 3.35 1.122 -30.04 -113.10 -10.85 -102.25 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 3.98 124.00 124.00 492.90 44.46 03 448.44 11/01/2013 Weld RM CO 3.98 1.000 24.90 99.00 8.92 90.08 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 4.02 -140.27 -123.26 -495.82 -44.46 03 -451.16 11/01/2013 Weld RM CO 3.53 1.138 -24.76 -99.55 -8.92 -90.63 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 4.06 96.89 96.89 39379 34.80 03 358.99 12/01/2013 Weld RM CO 4.06 1.000 19.46 79.10 7.00 7210 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 4.06 -108.02 -96.79 -39299 -28.72 03 -364.27 1 210112 01 3 Weld RM CO 3.64 1.116 -19.44 -78.94 -5.78 -73.16 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Page 7 Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wit MMBTU Well Gross Vol (mcf) Well Gross Value $ Wet Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date Cou Int Type State MMBTU Avg Price BTU Factor Owner Vol (mcf) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 29115 BARCLAY CRISMAN 2.4-20 (N) 200 00312500000 4.87 81.48 8148 397.15 30.25 03 366.90 01/01/2014 Weld RM CO 4.87 1.000 16.38 7977 6.08 73.69 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 4.89 -91.45 -81.91 -400.21 -30.25 03 -369.96 01/01/2014 Weld RM CO 4.37 1.117 -16.46 -80.38 -6.08 -74.30 29115 BARCLAY CRISMAN 2-4-20 (N) 200 00312500000 6.01 143.40 143.40 861.50 46.22 03 815.28 02/01/2014 Weld RM CO 6.01 1.000 28.82 173.04 9.28 163.76 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 6.29 -140.48 -118.25 -744.23 -46.22 03 -69801 02/01/2014 Weld RM CO 5.30 1.188 -23.76 -149.48 -9.28 -140.20 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 5.90 91.99 91.99 542.38 34.44 03 507.94 03/01/2014 Weld RM CO 5.90 1.000 18.48 108.94 6.92 102.02 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 6.26 -104.45 -87.19 -545.67 -2.00 03 -543.67 03/01/2014 Weld RM CO 5.22 1.198 -17.52 -109.61 -0.40 -109.21 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 4.80 113.89 113.89 546.39 4268 03 503.71 04/01/2014 Weld RM CO 4.80 1.000 22.88 109.75 8.58 101.17 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 4.93 -128.52 -110.51 -544.82 -42.68 03 -502.14 04/01/2014 Weld RM CO 4.24 1.163 -22.20 -109.43 -8.58 -100.85 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 4.92 97.88 97.88 481.82 36.83 03 426.71 05/01/2014 Weld RM CO 4.92 1.000 19.66 96.78 7.40 85.70 1828 15 3.68 29115 BARCLAY CRISMAN 2-420 (N) 200 0.0312500000 5.20 -106.14 -91.03 -47361 -36.83 03 -436.98 05/01/2014 Weld RM CO 4.46 1.166 -18.29 -95.17 -740 -87.77 29115 BARCLAY CRISMAN 2-420 (N) 200 0.0312500000 473 86.51 86.51 409.29 32.36 03 376.93 06/01/2014 Weld RM CO 4.73 1.000 17.38 82.22 6.50 75.72 29115 BARCLAY CRISMAN 2-420 (N) 200 0.0312500000 4.89 -98.43 -83.56 -408.46 -32.36 03 -378.10 06/01/2014 Weld RM CO 4.15 1.178 -16.77 -82.04 -6.50 -75.54 29115 BARCLAY CRISMAN 2-420 (N) 200 0.0312500000 464 77.62 77.62 36034 28.15 03 332.19 07/01/2014 Weld RM CO 464 1.000 15.59 72.38 5.66 66.72 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 4 49 -88.43 -82.34 -369.49 -28.15 03 -341.34 07/01/2014 Weld RM CO 4.18 1.074 -16.54 -74.22 -5.66 -68.56 29115 BARCLAY CRISMAN 2-4-20 (N) 200 0.0312500000 3.17 116.94 116.94 370.27 42.81 03 327.46 12/01/2016 Weld RM CO 3.17 1.000 23.49 74.38 8.59 65.79 29115 BARCLAY CRISMAN 2-4-20 (N) 300 0.0312500000 39.69 0.00 97.73 3,878.55 3.878.55 11/01/2016 Weld RM CO 0.00 0.000 3.06 121.20 121.20 29115 BARCLAY CRISMAN 2-420 (N) 300 0.0312500000 39.70 0.00 -97.73 -3,880.02 -3.880.02 11/01/2016 Weld RM CO 0.00 0.000 -3.06 -121.25 -121.25 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 48.44 0.00 14.18 686.83 686.83 01/01/2013 Weld RM CO 0.00 0.000 2.85 137.96 137.96 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 51.95 0.00 -14.40 -748.05 -748.05 01/01/2013 Weld RM CO 000 0.000 -2.90 -150.26 -150.26 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 43.87 0.00 9.30 408.00 408.00 02/01/2013 Weld RM CO 0.00 0.000 1.86 81.95 81.95 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 44.53 0.00 -876 -390.08 -390.08 02101/2013 Weld RM CO 0.00 0.000 -1.76 -78.36 -78.36 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 40.25 000 1120 450.83 450.83 03/01/2013 Weld RM CO 0.00 0.000 2.26 90.56 90.56 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 39.97 0.00 -11.10 -443.66 -443.66 03/01/2013 Weld RM CO 0.00 0.000 -2.24 -89.11 -89.11 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 38.06 0.00 11.34 431.57 431.57 04/01/2013 Weld RM CO 0.00 0.000 2.28 86.68 86.68 29115 BARCLAY CRISMAN 2-420 (N) 400 0.0312500000 38.02 0.00 -11.31 -430.01 -430.01 04/01/2013 Weld RM CO 0.00 0.000 -2.26 -86.37 -86.37 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 34.56 0.00 9.54 32975 329.75 05/01/2013 Weld RM CO 0.00 0.000 1.91 66.24 66.24 29115 BARCLAY CRISMAN 2.4-20 (N) 400 0.0312500000 34.14 0.00 -7.50 -256.03 -256.03 05/012013 Weld RM CO 000 0.000 -1.51 -51.42 -51.42 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 33.20 0.00 11.57 384.13 384.13 06/01/2013 Weld RM CO 0.00 0.000 2.33 77.16 77.16 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Page 8 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: 1856883 Check Date: 02/20/2017 Check Amount: $1,072.87 Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mc0 Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date Coun ty Int Type Slate MMBTU Avg Price BTU Factor Owner Vol (mci) Owner Gross Value $ Owner Sex Tax $ Owner Deducts $ Owner Net Value $ 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 33.86 0.00 -9.74 -329.83 -329.83 0610112013 Weld RM CO 0.00 0.000 -1.95 -66.25 -66.25 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 36.42 0.00 8.57 312.10 312.10 07/01/2013 Weld RM CO 0.00 0.000 1.72 62.70 62.70 29115 BARCLAY CRISMAN 2.4.20 (N) 400 0.0312500000 35.59 0.00 -7.43 -264.43 -264.43 07/010013 Weld RM CO 0.00 0.000 -1.50 -53.11 -53.11 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 43.53 0.00 2.68 116.66 116.66 08/01/2013 Weld RM CO 0.00 0.000 0.54 23.43 23.43 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 39.07 0.00 -2.19 -85.56 -85.56 08/01/2013 Weld RM CO 0.00 0.000 -0.45 -17.19 -17.19 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 39.83 000 995 396.29 39629 09101/2013 Weld RM CO 0.00 0.000 200 79.60 79.60 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 41 26 0.00 -9.00 -371.32 -371.32 09/01/2013 Weld RM CO 0.00 0.000 -1.80 -74.58 -74.58 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 41.75 0.00 14.87 620.86 620,86 10/01/2013 Weld RM CO 0.00 0.000 2.98 124.72 124.72 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 42.67 0.00 -13.29 -567.02 -56702 10/01/2013 Weld RM CO 0.00 0.000 -2.66 -113.89 -113.89 29115 BARCLAY CRISMAN 2-4-20 (N) 400 00312500000 43.24 0.00 11.94 516.29 516.29 11/01/2013 Weld RM CO 0.00 0.000 240 103.71 103.71 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 44.78 0.00 -10.26 -459.48 -459.48 11/01/2013 Weld RM CO 0.00 0.000 -2.06 -92.29 -92.29 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 46.54 0.00 9.67 450.01 450.01 12/01/2013 Weld RM CO 0.00 0.000 1.94 90.39 90.39 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 45.45 0.00 -8.57 -389.51 -389.51 12/01/2013 Weld RM CO 0.00 0.000 -1.72 -78.24 -78.24 29115 BARCLAY CRISMAN 2-4-20 (N) 400 00312500000 52.40 0.00 8.70 455.84 455.84 01/01/2014 Weld RM CO 0.00 0.000 175 91.56 91.56 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 50.92 000 -7.50 -381.92 -381.92 01/01/2014 Weld RM CO 0.00 0.000 -1.51 -76.70 -76.70 29115 BARCLAY CRISMAN 2-4-20 (N) 400 00312500000 55.62 0.00 6.47 359.85 359.85 02/0112014 Weld RM CO 0.00 0.000 1.30 72.28 72.28 29115 BARCLAY CRISMAN 2-4-20 (N) 400 00312500000 51.83 0.00 -11.05 -572.73 -572.73 02/01/2014 Weld RM CO 0.00 0.000 -2.22 -115.04 -115.04 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 39.91 000 9.79 390.76 390.76 03/01/2014 Weld RM CO 0.00 0.000 1.97 78.48 78.48 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 39.90 0.00 -8.24 -328.77 -328.77 03/01/2014 Weld RM CO 0.00 0.000 -1.66 -66,04 -66.04 29115 BARCLAY CRISMAN 2.4-20 (N) 400 0.0312500000 40.72 0.00 12.04 490.24 490.24 04/01/2014 Weld RM CO 0.00 0.000 2.42 98.48 98.48 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 41.16 0.00 -10.38 -427.27 -427.27 04/01/2014 Weld RM CO 000 0.000 -2.10 -85.82 -85.82 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 39.17 0.00 1042 408.15 408.15 05/01/2014 Weld RM CO 0.00 0.000 2.10 81.99 81.99 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 35.83 0.00 -840 -300.94 -300.94 05101/2014 Weld RM CO 0.00 0.000 -1.68 -60.44 -60.44 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 40.16 0.00 8.77 352.23 352.23 06/01/2014 Weld RM CO 0.00 0.000 1.76 70.75 70.75 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 42.82 0.00 -7.38 -316.04 -316.04 06/0112014 Weld RM CO 0.00 0.000 -1.48 -63.48 -63.48 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 3867 0.00 7.55 291.93 291.93 07/01/2014 Weld RM CO 0.00 0.000 1.52 58.64 58.64 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 41.15 0.00 -6.86 -282.27 -282.27 07/01/2014 Weld RM CO 0.00 0.000 -1.38 -56.70 -56.70 29115 BARCLAY CRISMAN 2-4-20 (N) 400 0.0312500000 30.50 0.00 8.29 252.84 252.84 12/01/2016 Weld RM CO 0.00 0.000 1.66 5079 50.79 29115 BARCLAY CRISMAN 2-4-20 (N) Subtotal: 244.36 000 21.93 222.43 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com age QRA Check Number: Check Date: Check Amount: Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wit MMBTU Well Gross Vol (mc@ Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date County lot Type State MMBTU Avg Price BTU Factor Owner Vol (mct) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 36400 SOSA 21-18 (J) 200 0.0011486900 3.55 60.72 6072 21567 20.50 03 195.17 01/01/2013 Weld RM CO 3.55 1.000 0.73 2.60 0.25 2.35 36400 SOSA 21-18 (J) 200 0.0011486900 3.57 -65.64 -60.00 -214.31 -20.52 03 -193.79 01/01/2013 Weld RM CO 3.26 1.094 -0.72 -2.58 -0.25 -2.33 36400 SOSA 21-18 (J) 200 0.0011486900 3.50 71.15 71.15 248.94 24.77 03 224.17 02/01/2013 Weld RM CO 3.50 1.000 0.86 3.00 0.30 2.70 36400 SOSA 21-18 (J) 200 0.0011486900 3.49 -79.66 -73.00 -254.99 -24.79 03 -230.20 02/012013 Weld RM CO 3.19 1.094 -0,88 -3.07 -0.30 -2.77 36400 SOSA 21-18 (J) 200 0.0011486900 3.64 64.05 64.05 233.32 22.28 03 211.04 03/01/2013 Weld RM CO 3.64 1.000 0.77 2.81 027 2.54 36400 SOSA 21.18 (J) 200 0.0011486900 3.64 -70.95 -64.68 -235.74 -22.30 03 -213.44 03/01/2013 Weld RM CO 3.32 1.097 -0.78 -2.84 -027 -2.57 36400 SOSA 21-18 (J) 200 0.0011486900 4.19 56.25 58.25 244.20 20.52 03 223.68 04/01/2013 Weld RM CO 4.19 1.000 0.70 2.94 0.25 2.69 36400 SOSA 21-18 (J) 200 0.0011486900 4.19 -65.37 -58.68 -246.16 -20.54 03 -225.62 04/01/2013 Weld RM CO 3.77 1.114 -0.71 -2.97 -0.25 -2.72 36400 SOSA 21-18 (J) 200 0.0011486900 4.33 55.56 55.56 240.47 20.21 03 220.26 05/01/2013 Weld RM CO 4.33 1.000 0.67 2.90 0.24 2.66 36400 SOSA 21-18 (J) 200 00011486900 4.34 -64.08 -56.76 -246.14 -20.23 03 -225.91 05/01/2013 Weld RM CO 3.84 1.129 -0.68 -2.97 -0.24 -2.73 36400 SOSA 21-18 (J) 200 0.0011486900 3.68 41.87 41.87 153.98 14.98 03 138.04 09/01/2013 Weld RM CO 3.68 1.000 0.50 1.86 0.18 1.67 0.96 15 0.01 36400 SOSA21-18 (J) 200 0.0011486900 3.68 -46.04 -40.82 -150.32 -15.00 03 -135.32 09/01/2013 Weld RM CO 3.26 1.128 -0.49 -1.81 -0.18 -1.63 36400 SOSA 21-18 (J) 200 0.0011486900 3.77 44.84 44.84 168.92 1603 03 152.89 10/01/2013 Weld RM CO 3.77 1.000 0.54 2.04 0.19 1.85 36400 SOSA 21-18 (J) 200 0.0011486900 3.76 -49.35 -43.98 -165.50 -16.05 03 -149.45 10/01/2013 Weld RM CO 3.35 1.122 -0.53 -200 -0.19 -1.81 36400 SOSA 21-18 (J) 200 0.0011486900 4.06 38.77 38.77 157.56 13.83 03 143.73 12/01/2013 Weld RM CO 4.06 1.000 0.47 1.90 0.17 1.73 36400 SOSA 21-18 (J) 200 0.0011486900 406 -42.93 -38.47 -156.18 -20.84 03 -135.34 12/01/2013 Weld RM CO 3.64 1.116 -0.46 -1.88 -0.25 -1.63 36400 SOSA21-16(J) 200 0.0011486900 6.01 35.53 35.53 213.47 11.29 03 202.18 02/01/2014 Weld RM CO 601 1.000 0.43 2.57 0.14 2.43 36400 SOSA 21-18 (J) 200 0.0011486900 6.29 -34.19 -28.78 -181.10 -11.30 03 -169.80 02/01/2014 Weld RM CO 5.30 1.188 -0.35 -2.18 -0.14 -2.04 36400 SOSA21-18(J) 200 0.0011486900 590 32.91 32.91 194.03 12.43 03 181.60 03/01/2014 Weld RM CO 5.90 1.000 0.40 2.34 0.15 2.19 36400 SOSA 21-18 (J) 200 0.0011486900 6.26 -37.84 -31.59 -197.69 -4.39 03 -193.30 03/01/2014 Weld RM CO 5.22 1.198 -0.38 -2.38 -0.05 -2.33 36400 SOSA 21-18 (J) 200 0.0011486900 4.92 28.02 28.02 137.92 10.64 03 120.72 05/01/2014 Weld RM CO 4.92 1.000 0.34 1.66 0.13 1.45 6.56 15 0.08 36400 SOSA21-18 (J) 200 0.0011486900 5.19 -31.05 -26.70 -138.51 -10.65 03 -127.86 05/01/2014 Weld RM CO 4.46 1.163 -0.32 -1.67 -0.13 -1,54 36400 SOSA 21-18 (J) 200 0.0011486900 4.88 26.54 26.54 129.53 10.33 03 119.20 06/01/2014 Weld RM CO 4.88 1.OOC 0.32 1.56 0.12 1.44 36400 SOSA 21-18 (J) 200 0.0011486900 4.89 -32.21 -27.34 -133.64 -10.35 03 -123.29 06/01/2014 Weld RM CO 4.15 1.178 -0.33 -161 -0.12 -1.49 36400 SOSA 21.18 (J) 200 0.0011486900 3.17 37.89 37.89 119.97 14.07 03 105.90 12/01/2016 Weld RM CO 3.17 1.000 0.46 1.45 0.17 1.28 36400 SOSA 21-18 (J) 300 0.0011486900 45.93 0.00 0.58 26.64 26.64 12101/2016 Weld RM CO 0.00 0.000 0.00 0.03 0.03 36400 SOSA 21-18 (J) 400 0.0011486900 50.98 600 3.96 201.88 201.88 01/01/2013 Weld RM CO 0.00 0.000 0.05 2.43 243 Page 10 Owner: 2101559 QRA Check Number: Check Date: Check Amount: Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport(Gapdsei.com Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcf) Well Gross Value $ Well Sex Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date County lot Type State MMBTU Avg Price BTU Factor Owner Vol (met) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 36400 SOSA 21-18 (J) 400 0.0011486900 51.93 0.00 .4.57 -237.30 -237.30 01/01/2013 Weld RM CO O00 0.000 -0O6 -2.86 .286 36400 SOSA 21-18 (J) 400 00011486900 43.61 0.0C 7.02 306.14 306.14 02/01/2013 Weld RM CO 0.00 0.000 0.08 369 3.69 36400 SOSA 21-18 (J) 400 0.0011486900 44.35 0.00 -5.76 -255.45 -255.45 02/01/2013 Weld RM CO 0.00 0.000 -0.07 -308 -3.08 36400 SOSA 21-18(J) 400 0.0011486900 40.08 0.00 6.25 250.49 250.49 03/01/2013 Weld RM CO 0.00 0.000 0.08 3.02 3.02 36400 SOSA 21-18 (J) 400 0.0011486900 39.97 0.00 -5.43 -217.01 -217.01 03/01/2013 Weld RM CO 0.00 0.000 -0.07 -2.62 -2,62 36400 SOSA 21-18 (J) 400 0.0011486900 37.99 0.00 5.69 216.17 216.17 04101/2013 Weld RM CO 0.00 0.000 0.07 2.61 2.61 36400 SOSA 21-18 (J) 400 0.0011486900 37.61 0.00 -5.00 -188 03 -188.03 04/01/2013 Weld RM CO 0.00 0.000 -0.06 -2.27 -2.27 36400 SOSA 21.18 (J) 400 0.0011486900 34.55 0.00 5.98 206.62 206.62 05/01/2013 Weld RM CO 0.00 0.000 0.07 2.49 2.49 36400 SOSA21-18(J) 400 0.0011486900 38.70 0.00 -4.90 -189.64 -18964 05/01/2013 Weld RM CO 0.00 0.000 -0.06 -2.29 -2,29 36400 SOSA 21-18 (J) 400 0.0011486900 37.99 0.00 4.81 182.75 182/5 0 6/0 112 01 3 Weld RM CO 0.00 0.000 0.06 2.20 220 38400 SOSA 21-18 (J) 400 O0011486900 36.19 0.00 5.03 182.03 182.03 07/01/2013 Weld RM CO 0.00 0.000 0.06 2.19 2,19 36400 SOSA21-18 (J) 400 0.0011486900 39.48 0.00 -448 -176.88 -176.88 07/01/2013 Weld RM CO 0.00 0.000 -0.05 -2.13 -2,13 36400 SOSA 21-18 (J) 400 0.0011486900 42.18 0.00 4.48 188.98 188.98 08/01/2013 Weld RM CO 0.00 0.000 0O5 2.28 2.28 36400 SOSA 21-18 (J) 400 0.0011486900 42.49 0.00 -3.90 -165.71 -165.71 08/01/2013 Weld RM CO 0,00 0.000 -0.05 -2.00 -2.00 36400 SOSA 21-18 (J) 400 0.0011486900 39.84 0.00 4.25 169.34 169.34 09/01/2013 Weld RM CO 0.00 0.000 0.05 2O4 2,04 36400 SOSA21-18 (J) 400 0.0011486900 42.29 0.00 -4.45 •188.20 -188.20 09/01/2013 Weld RM CO 0.00 0.000 -0.05 -2.27 -2,27 36400 SOSA 21.18 (J) 400 0.0011486900 41.66 0.00 4.59 191.23 191.23 10/01/2013 Weld RM CO 0.00 0.000 0O6 2.31 231 36400 SOSA 21-18 (J) 400 0.0011486900 43.74 0.00 -4.76 -208.21 -208.21 10/01/2013 Weld RM CO 0.00 0.000 -0.06 -2.51 -251 36400 SOSA 21-18 (J) 400 0.0011486900 43.34 0.00 3.48 150.84 15O84 11/01/2013 Weld RM CO 0.00 0.000 0 04 1.82 1.82 36400 SOSA 21.18 (J) 400 0.0011486900 44.90 0.00 -2.88 -129.30 -129.30 11/01/2013 Weld RM CO 0O0 0.000 -0.04 -1.56 -1.56 36400 SOSA 21-18 (J) 400 0.0011486900 46.84 0.00 3.99 186.88 186.88 12/01/2013 Weld RM CO 0.00 0.000 0.05 2.25 2.25 36400 SOSA 21-18 (J) 400 0.0011486900 48.05 0.00 -3.43 -164.81 -164.81 12/01/2013 Weld RM CO 0.00 0.000 -0.04 -1.99 -199 36400 SOSA 21-18 (J) 400 0.0011486900 53.04 0.00 3.09 163.89 163.89 01/01/2014 Weld RM CO 0.00 0.000 0O4 1.98 1.98 36400 SOSA 21-18(J) 400 0.0011486900 53.14 0.00 -2.57 -13656 -136,56 01/01/2014 Weld RM CO 0.00 0.000 -0.03 -1.65 -1.65 36400 SOSA 21-18 (J) 400 0.0011486900 53.91 0.00 1.62 87.33 87.33 02/01/2014 Weld RM CO 0O0 0.000 0.02 1.05 1.05 36400 SOSA 21-18(J) 400 0.0011486900 54.22 0.00 -2.76 -149.66 -149.66 02/01/2014 Weld RM CO 0.00 0.000 -0.03 -1.80 -1.80 36400 SOSA 21-18 (J) 400 0.0011486900 46.67 0.00 430 200.67 20067 03/01/2014 Weld RM CO 0.00 0.000 0.05 2.42 2.42 36400 SOSA21-18 (.1) 400 0.0011486900 41.95 0.00 -3.07 -128.78 -128.78 03/01/2014 Weld RM CO 0.00 0.000 -0.04 -1.55 •1.55 36400 SOSA 21-18 (J) 400 0.0011486900 47.73 0.00 3.92 187.10 187.10 04/01/2014 Weld RM CO 0O0 0.000 0.05 226 2.26 Page 11 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: 1856883 Check Date: 02/20/2017 : $1.072.87 Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Wet Gross Vol (mc0 Well Gross Value S Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date County Int Type Stale MMBTU Avg Price BTU Factor Owner Vol (mot) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 36400 SOSA 21-18(1) 400 0.0011486900 43.02 0.0C -2.88 -123.91 -123.91 04/01/2014 Weld RM CO 0.00 0.000 -0.04 -149 -149 36400 SOSA 21-18 (J) 400 0.0011486900 45.57 0.00 3.67 167.25 16725 05/01/2014 Weld RM CO 0-00 0.000 004 2.02 2.02 36400 SOSA 21-18 (J) 400 0.0011486900 36.83 0.00 -260 -95.76 -95.76 05/01/2014 Weld RM CO 0.00 0.000 -0.03 -1.15 -1.15 36400 SOSA 21-18 (J) 400 0.0011486900 46.92 0.00 3.44 161.41 161.41 06/01/2011 Weld RM CO 0.00 0.000 0.04 1.95 1.95 36400 SOSA 21-18(J) 400 0.0011486900 36.54 0.00 -2.52 -92.08 -92.08 06/01/2014 Weld RM CO 0.00 0.000 -0.03 -1.11 -1.11 36400 SOSA 21-18 (J) 400 0.0011486900 30.95 0.00 3.84 118.84 118.84 12101/2016 Weld RM CO 0.00 0.000 0.05 1.43 1.43 36400 - SOSA 21-18 (.t) Subtotal: 9.81 000 0.28 9.53 36401 SOSA 12-18 (J) 200 0.0011486900 3.55 59.99 59.99 213.11 20.25 03 192.86 01/01/2013 Weld RM CO 3.55 1.000 0.72 2.57 0.24 2.33 36401 SOSA 12-18 (J) 200 0.0011486900 3.53 -65.64 -60.00 -211.74 -20.27 03 -191.47 01/01/2013 Weld RM CO 3.23 1.094 -0.72 -2.55 -0.24 -2.31 36401 SOSA 12-18 (J) 200 0.0011486900 3.50 70.31 70.31 246.00 24.48 03 221.52 02/01/2013 Weld RM CO 3.50 1.000 0.85 2.96 0.29 2.67 36401 SOSA 12-18 (J) 200 0.0011486900 3.50 -78.77 -72.00 -251.98 -24.50 03 -227.48 02/01/2013 Weld RM CO 3.20 1.094 -0.87 -3.03 -0.29 -2.74 36401 SOSA 12-18 (J) 200 0.0011486900 4.19 57.56 57.56 241.30 20.28 03 22102 04/01/2013 Weld RM CO 4,19 1.000 0.69 2.90 0.24 2.66 36401 SOSA 12-18 (J) 200 0.0011486900 4.19 -64.58 -57.97 -243.18 -20.30 03 -222.88 04/01/2013 Weld RM CO 3.77 1.114 -0.70 -2.93 -0.24 -2.69 36401 SOSA 12-18 (J) 200 0.0011486900 4.33 54.65 54.89 237.59 19.96 03 217.63 05/01/2013 Weld RM CO 4.33 1.000 0.66 2.86 0.24 262 36401 SOSA 12-18 (J) 200 0.0011486900 4.34 -63.33 -56.09 -243.23 -19.98 03 -223.25 05/01/2013 Weld RM CO 3.84 1.129 -0.68 -2.93 -0.24 -2.69 36401 SOSA 12-18 (J) 200 0.0011486900 3.68 41.36 41.36 152.12 14.80 03 136.39 09/01/2013 Weld RM CO 368 1.000 0.50 1.83 0.18 1.64 0.93 15 0.01 36401 SOSA 12-18 (J) 200 0.0011416900 3.68 -45.40 -40.33 -148.53 -14.82 03 -133.71 09/01/2013 Weld RM CO 3.27 1.128 -0.48 -1.79 -0.18 -1.61 36401 SOSA 12-18 (J) 200 0.0011486900 3.77 44.30 44.30 166.91 15.84 03 151.07 10/01/2013 Weld RM CO 3.77 1.000 0.53 2.01 0.19 1.82 36401 SOSA 12-18 (J) 200 0.0011486900 3.76 -48.76 -43.46 -163.56 -15.66 03 -147.70 10/01/2013 Weld RM CO 3.35 1.122 -0.52 -1.97 -0.19 -1.78 36401 SOSA 12-18 (J) 200 0.0011486900 4.06 38.30 38.30 155.67 13.66 03 142.01 12/01/2013 Weld RM CO 4.06 1.000 0.46 1.87 016 1.71 36401 SOSA 12-18 (J) 200 0.0011406900 4.06 -42.42 -38.01 -154.32 -5.62 03 -148.70 12/01/2013 Weld RM CO 3.64 1.116 -0.46 -1.86 -0.07 -1.79 36401 SOSA 12-18 (J) 200 0.0011486900 6.01 35.11 35.11 210.93 11.15 03 199.78 02/01/2014 Weld RM CO 6.01 1.000 0.42 2.54 0.13 2.41 36401 SOSA 12-18 (J) 200 0.0011486900 6.29 -33.76 -2842 -178.88 -11.18 03 -167.72 02101/2014 Weld RM CO 5.30 1.188 -0.34 -2.15 -0.13 -2.02 36401 SOSA 12.18 (J) 200 0.0011486900 5.90 32.51 32.51 191.68 12.29 03 179.39 03/01/2014 Weld RM CO 5.90 1.000 0.39 2.31 0.15 2.16 36401 SOSA 12-18 (J) 200 0.0011486900 6.26 -37.37 -31.19 -195.23 -4.32 03 -190.91 03/01/2014 Weld RM CO 5.22 1.196 -0.38 -2.35 -0.05 -2.30 38401 SOSA 12-18 (J) 200 0.0011486900 4.92 27.68 27.68 136.27 10.51 03 119.26 05/01/2014 Weld RM CO 4.92 1.000 0.33 1.64 0.13 1.43 6.50 15 0.08 36401 SOSA 12-18 (J) 200 0.0011486900 5 19 -30.68 -26.38 -136.84 -10.52 03 -126.32 05/01/2014 Weld RM CO 4.46 1.163 -0.32 -1.65 -0.13 -1.52 36401 SOSA 12.18 (J) 200 0.0011486900 4.88 26.21 26.21 127.95 10.21 03 117.74 06/01/2014 Weld Rh/l CO 4.88 1.000 0.31 1.54 0.12 1.42 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei-com age Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (ma) Well Gross Value 5 Well Sev Tax 5 Tax Type Cd Well Deducts $ Ded Cd Wet Net Value $ Sales Dale County int Type State MMBTU Avg Price BTU Factor Owner Vol (mc0 Owner Gross Value 5 Owner Sex Tax $ Owner Deducts S Owner Net Value $ 36401 SOSA 12-18 (J) 200 0O011486900 4.89 -31.81 -27.00 -131.98 -10.22 03 -121.76 06/01/2014 Weld RM CO 4.15 1.178 -0.32 -1.59 -0.12 -1.47 36401 SOSA 12-18 (J) 200 0.0011486900 4.64 19.04 19.04 88.37 6.96 03 81.41 07/01/2014 Weld RM CO 4.64 1.000 0.23 1.06 0.08 0.98 36401 SOSA 12-18 (J) 200 0.0011486900 4.49 -21.57 -20.08 -90.13 -6-96 03 -83.17 07/01/2014 Weld RM CO 4.18 1.074 -0.24 -1.09 -0.08 -1.01 36401 SOSA 12-18 (J) 200 0.0011486900 3.17 37.44 37.44 118.54 13.90 03 104.64 12/01/2016 Weld RM CO 3.17 1.000 0.45 1.42 0.17 1.25 36401 SOSA 12-18 (J) 300 0.0011486900 45.93 0.00 0.58 26.64 26.64 12/01/2016 Weld RM CO 0.00 0.000 0.00 0.03 0.03 36401 SOSA 12-18 (J) 400 0.0011486900 51.01 0.00 3.91 199.46 199.46 01/01/2013 Weld RM CO 0.00 0.000 0.05 2.40 2.40 36401 SOSA 12-18 (J) 400 0.0011486900 51.88 0.00 -4.52 -234.50 -234.50 01/01/2013 Weld RM CO 0.00 0.000 -0.06 -2.82 -2.82 36401 SOSA 12-18 (J) 400 0.0011486900 43.59 0.00 6.94 302.51 302.51 02/01/2013 Weld RM CO 0.00 0.000 0.08 3.64 3.64 36401 SOSA 12-18 (J) 400 0.0011486900 44.20 0.00 -5.71 -252.3B -252.38 02/01/2013 Weld RM CO 0.00 0.000 -0.07 -3.04 -3.04 36401 SOSA 12-18 (J) 400 0.0011486900 40.11 0.00 6.17 247.50 247.50 03/01/2013 Weld RM CO 0.00 0.000 0O7 2.98 2.98 36401 SOSA 12-18 (J) 400 0.0011486900 40.01 0.00 -5.36 -214.45 -214.45 03/01/2013 Weld RM CO 0.00 0.000 -0.06 -2.58 -2.58 36401 SOSA 12-18 (J) 400 0.0011486900 37.94 0.00 5.63 213.62 213.62 04/01/2013 Weld RM CO 0.00 0.000 0.07 2.57 2.57 38401 SOSA 12-18 (J) 400 0.0011486900 3768 0.00 -4.93 -185.77 -185.77 04/01/2013 Weld RM CO 0.00 0.000 -0.06 -224 -2.24 36401 SOSA 12-18 (J) 400 0.0011486900 34.54 0.00 5.91 204.11 204.11 35/01/2013 Weld RM CO 0.00 0.000 0.07 2.46 2.46 36401 SOSA 12-18 (J) 400 0O011486900 38.56 0.0C -4.86 -187.40 -187.40 05/01/2013 Weld RM CO 0.00 0.000 -0.06 -2.26 -2.26 36401 SOSA 12-18 (J) 400 O0011486900 36.20 0.00 4.97 179.93 179.93 07/01/2013 Weld RM CO 0.00 0.000 0.06 2.17 2.17 36401 SOSA 12-18 (J) 400 0.0011486900 39.45 0.00 -4.43 -174.77 -174.77 07/01/2013 Weld RM CO 0.00 0.000 -0.05 -2.10 -2.10 36401 SOSA 12-18 (J) 400 0.0011486900 42.15 0.00 4.43 186.72 186.72 08/01/2013 Weld RM CO 0.00 0.000 0.05 2.25 2.25 36401 SOSA 12-18 (J) 400 0.0011486900 4241 0.00 -3.86 -163.71 -163.71 08/01/2013 Weld RM CO 0.00 0.000 -0.05 -1.97 -1.97 36401 SOSA 12-18 (J) 400 0.0011486900 39.85 0.00 4.20 167.36 167.36 09/01/2013 Weld RM CO 0.00 0.000 0.05 2.01 2.01 36401 SOSA 12-18 (J) 400 0.0011486900 42.27 0.00 -4.40 -185.98 -185.98 09/01/2013 Weld RM CO 0.00 0.000 -0.05 -2.24 -2.24 36401 SOSA 12-18 (J) 400 0O011486900 41.71 0.0C 4.53 188.94 188.94 10/01/2013 Weld RM CO 0.00 0.000 0.06 2.27 2.27 36401 SOSA 12-18 (J) 400 0.0011486900 43.87 0.00 -4.69 -205.74 -205.74 10/01/2013 Weld RM CO 0.00 0.000 -0O6 -2.48 -2.48 36401 SOSA 12-18 (J) 400 0.0011486900 43.33 0.00 3.44 149.04 149,04 11/01/2013 Weld RM CO 0.00 0.000 0.04 1.79 1.79 36401 SOSA 12-18 (J) 400 0.0011486900 45.14 0.00 -2.83 -12776 -127.76 11/01/2013 Weld RM CO 0.00 0.000 -0.04 -1.54 -1.54 36401 SOSA 12-18 (J) 400 0.0011486900 46.86 0.00 3.94 184.64 184.64 12/01/2013 Weld RM CO 0.00 0.000 0.05 2.22 2.22 36401 SOSA 12-18 (J) 400 0.0011486900 48.17 0.00 -3.38 -162.83 -162.83 12/01/2013 Weld RM CO 0.00 0.000 -0.04 -1.96 -1.96 36401 SOSA 12-1B (J) 400 0.0011486900 53.08 0.00 3.05 161.89 161.89 01/01/2014 Weld RM CO 0.00 0.000 0.04 1.95 1.95 36401 SOSA 12-18 (J) 400 0.0011486900 52.90 0.00 -2.55 -134.89 -134.89 01/01/2014 Weld RM CO 0.00 0.000 -0.03 -1.62 -1.62 Page 13 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: Well Number ty Name ProperN PC Entitlement Decimal SOD Price MCF Avg Price WE MMBTU Well Gross Vol (mcf) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Wet Net Value $ Sales Date Count y lm Type Stale MMBTU Avg Price BTU Factor Owner Vol (mcf) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 36401 SOSA 12-18 (J) 400 0.0011486900 53.91 0.00 1.60 86.26 86.26 02/01/2014 Weld RM CO 0.00 0.000 0.02 1.04 1.04 36401 SOSA 12-18 (J) 400 0.0011486900 54.57 0.00 -2.71 -147.88 -147.88 02/01/2014 Weld RM CO 0.00 0.000 -0.03 -1.78 -1.78 36401 SOSA 12-18 (J) 400 0.0011486900 46.64 0.00 4.25 198.24 19824 03/01/2014 Weld RM CO 0.00 0.000 0.05 2.39 2.39 36401 SOSA 12-18 (J) 400 0.0011486900 42.14 0.00 -3.02 -127.25 -127.25 03/01/2014 Weld RM CO 0.00 0.000 •0.04 -1.53 -1.53 36401 SOSA 12-18 (J) 400 0.0011486900 47.78 0.0C 3.87 184.90 184.90 04/01/2014 Weld RM CO 0.00 0.000 0.05 2.23 2.23 36401 SOSA 12-18 (J) 400 0.0011486900 43.27 0.0C -2.83 -122.44 -122.44 04/01/2014 Weld RM CO 0.00 0.000 -0.04 -1.47 -1.47 36401 SOSA 12-18 (J) 400 0.0011486900 45.65 0.00 3.62 165.26 165.26 05/01/2014 Weld RM CO 0.00 0.000 0.04 1.99 1.99 36401 SOSA 12-18 (J) 400 0.0011486900 36.81 0.0C -2.57 -94.61 -94.61 05/01/2014 Weld RM CO 000 0.000 -0.03 -1.14 -1.14 36401 SOSA 12-18 (J) 400 0.0011486900 46.92 0.00 3.40 159.53 159.53 06/01/2014 Weld RM CO 0.00 0.000 0.04 1.92 1.92 36401 SOSA 12-18 (J) 400 0.0011486900 36.38 0.00 -2.50 -90.96 -9096 06/01/2014 Weld RM CO 0.00 0.000 -0.03 -1.09 -1.09 36401 SOSA 12-18 (J) 400 0.0011486900 30.98 0.00 379 117.43 117.43 12/01/2016 Weld RM CO 0.00 0.000 0.05 1.41 1.41 36401 - SOSA 12-18 (J) Subtotal: 7.48 0.00 0.45 7.03 36402 SOSA 11-18 (J) 200 0.0011486900 3.55 66.71 66.71 236.99 22.52 03 214.47 01/01/2013 Weld RM CO 3.55 1.000 0.80 2.85 0.27 2.58 36402 SOSA 11-18 (J) 200 0.0011486900 3.57 -72.20 -66.00 -235.46 -22.54 03 -212.92 01/01/2013 Weld RM CO 3.26 1.094 -0.79 -2.83 -0.27 -2.56 36402 SOSA 11-18 (J) 200 0.0011486900 3.50 78.17 78.17 273.52 27.21 03 246.31 02/012013 Weld RM CO 350 1.000 0.94 3.29 0.33 2.96 36402 SOSA 11-18 (J) 200 0.0011486900 3.50 -87.52 -80.00 -280.15 -2724 03 -252.91 02/01/2013 Weld RM CO 3.20 1.094 -0.96 -3.37 -0.33 -3.04 36402 SOSA 11-18 (J) 200 0.0011486900 4.33 61.32 61.32 265.40 22.30 03 243.10 05/01/2013 Weld RM CO 4.33 1.000 0.74 3.19 0.27 2.92 36402 SOSA 11-18 (J) 200 0.0011486900 4.34 -70.73 -62.65 -271.68 -22.32 03 -249.36 05/01/2013 Weld RM CO 3.84 1.129 -0.75 -3.27 -0.27 -3.00 36402 SOSA 11-18 (J) 200 0.0011486900 3.68 46.63 46.63 171.49 16.68 03 153.75 09/01/2013 Weld RM CO 3.68 1.000 0.56 2.06 0.20 1.85 1.06 15 0.01 36402 SOSA 11-18 (J) 200 0.0011486900 3.68 -51.27 -45.45 -167.37 -16.70 03 -150.67 09/01/2013 Weld RM CO 3.26 1.128 -0.55 -2.01 -0.20 -1.81 36402 SOSA 11.18 (J) 200 0.0011486900 3,77 49.25 49.25 185.57 17.62 03 16795 10/01/2013 Weld RM CO 3.77 1.000 0.59 2.23 0.21 202 36402 SOSA 11-18 (J) 200 0.0011486900 3.76 -54.22 -48.32 -181.84 -1763 03 -164.21 10/01/2013 Weld RM CO 3.35 1.122 -0.58 -2.19 -0.21 -1.98 36402 SOSA 11-18 (J) 200 0.0011486900 406 42.59 42.59 173.09 15.19 03 157.90 12/01/2013 Weld RM CO 406 1.000 0.51 2.08 0.18 1.90 36402 SOSA 11-18 (J) 200 0.0011486900 4.06 -47.16 -42.26 -171.60 -25.67 03 -145.93 12/01/2013 Weld RM CO 3.64 1.116 -0.51 -2.07 -0.31 -1.76 36402 SOSA 11-18 (J) 200 0.0011486900 6.01 39.04 39.04 234.55 12.40 03 222.15 02/01/2014 Weld RM CO 6.01 1.000 0.47 2.82 0.15 2.67 36402 SOSA 11.18 (J) 200 0.0011486900 6.29 -37.55 -31.61 -198.96 -12.41 03 -186.55 02/01/2014 Weld RM CO 5.30 1.188 -0.38 -2.39 -0.15 -2.24 36402 SOSA 11-18 (J) 200 0.0011486900 5.90 36.15 36.15 213.15 13.66 03 199.49 03/01/2014 Weld RM CO 5.90 1.000 0.44 2.57 0.16 2.41 36402 SOSA 11-18 (J) 200 0.0011486900 6.26 -41.57 -34.70 -217.17 -4.40 03 -212.77 03/01/2014 Weld RM CO 522 1.198 -0.42 -2.61 -0.05 -2.56 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Page 14 Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcf) Well Gross Value $ Well Sex Tax $ Tax Type Cd Well Deducts S Dad Cd Well Net Value 8 Sales Date Count y Int Type State MMBTU Avg Price BTU Factor Owner Vol (mcf) Owner Gross Value $ Owner See Tax $ Owner Deducts $ Owner Net Value $ 36402 SOSA 11-18 (J) 200 0.0011486900 4.92 30.78 30.78 151.50 11.69 03 132.60 05101/2014 Weld RM CO 4.92 1.000 0.37 1.82 0.14 1.59 7.21 15 009 36402 SOSA 11-18 (J) 200 0.0011486900 5.19 -34.10 -29.32 -152.12 -1170 03 -140.42 05/01/2014 Weld RM CO 4.46 1.163 -0.35 -1.83 -0.14 -1.69 36402 SOSA 11-18 (J) 200 00011486900 4.88 29.10 29.15 142.31 11.36 03 130.95 06/01/2014 Weld RM CO 4.88 1.000 0.35 1.71 0.14 1.57 36402 SOSA 11-18 (J) 200 0.0011486900 4.89 -35.38 -30.03 -146.79 -11.36 03 -135.43 06/01/2014 Weld RM CO 4.15 1.178 -0.36 -1.77 -0.14 -1.63 36402 SOSA 11-18 (J) 200 0.0011486900 4.64 21.10 21.15 98.19 7.73 03 90.46 07/01/2014 Weld RM CO 4.64 1.000 0.25 1.18 0.09 1.09 36402 SOSA 11-18 (J) 200 0.0011486900 4.49 -23.97 -22.32 -100.16 -7.74 03 -9242 07/01/2014 Weld RM CO 4.18 1.074 -0 27 -1.21 -0.09 -1.12 36402 SOSA 11-18 (J) 200 0.0011486900 317 41.63 41.63 131.82 15.46 03 116.36 12/01/2016 Weld RM CO 3.17 1.000 0.50 1.58 0.19 1.39 36402 SOSA 11-18 (J) 300 00011486900 45.93 0.00 0.58 26.64 26.64 12/01/2016 Weld RM CO 0.00 0.000 0.00 0.03 0.03 36402 SOSA 11-18 (J) 400 0.0011486900 50.98 0.00 4.35 221.78 221.78 01/01/2013 Weld RM CO 0.00 0.000 0.05 2.67 2.67 36402 SOSA 11-18 (J) 400 0.0011486900 51.94 0.00 -5.02 -260.75 -260.75 01/01/2013 Weld RM CO 0.00 0.000 -0.06 -3.14 -3.14 36402 SOSA 11-18 (J) 400 00011486900 43.63 0.00 7.71 336.35 336.35 02/01/2013 Weld RM CO 0.00 0.000 0.09 405 4.05 36402 SOSA 11-18 (J) 400 0.0011486900 44.33 0.00 -6.33 -280.62 -280.62 02/01/2013 Weld RM CO 0.00 0.000 -0.08 -3.38 -3.38 36402 SOSA 11.18 (J) 400 0.0011486900 40.06 0.00 6.87 27522 275.22 03/01/2013 Weld RM CO 0.00 0.000 0.08 3.31 3.31 36402 SOSA 11-18 (J) 400 0.0011486900 40.08 0.00 -5.95 -238.45 -238.45 03/01/2013 Weld RM CO 0.00 0.000 -0.07 -2.87 -2.87 36402 SOSA 11-18 (J) 400 0.0011486900 37.94 0.00 6.26 237.50 237.50 04/01/2013 Weld RM CO 0.00 0.000 0.08 2.86 2.86 36402 SOSA 11-18 (J) 400 0.0011486900 37.70 0.00 -5.48 -20661 -206.61 04/01/2013 Weld RM CO 0.00 0.000 -0.07 -2.49 -2.49 36402 SOSA 11-18 (J) 400 0.0011486900 34.55 0.00 6.60 228.02 228.02 05/01/2013 Weld RM CO 000 0.000 0.08 2.74 2.74 36402 SOSA 11-18 (J) 400 0.0011486900 38.54 0.00 -5.43 -209.28 -209.28 05/01/2013 Weld RM CO 0.00 0.000 -0.07 -2.52 -2.52 36402 SOSA 11-18 (J) 400 0.0011486900 36.24 0.00 5.52 200.03 200.03 07/01/2013 Weld RM CO 0.00 0.000 0.07 2.41 241 36402 SOSA 11-18 (J) 400 0.0011486900 3942 0.00 -4.93 -194.34 -194.34 07/01/2013 Weld RM CO 000 0.000 -0.06 -2.34 -2.34 36402 SOSA 11-18 (J) 400 0.0011486900 42.20 0.00 4.92 207.61 207.61 08/01/2013 Weld RM CO 0.00 0.000 0.06 2.50 2.50 36402 SOSA 11-18 (J) 400 0.0011486900 42.42 0.00 -4.29 -182.00 -182.00 08/01/2013 Weld RM CO 0.00 0.000 -0.05 -2.19 -2.19 36402 SOSA 11-18 (J) 400 0.0011486900 39.79 0.00 474 188.61 188.61 09/01/2013 Weld RM CO 0.00 0.000 006 227 2.27 36402 SOSA 11-18 (J) 400 0.0011486900 42.08 0.00 -498 -209.57 -209.57 09/01/2013 Weld RM CO 0.00 0.000 -0.06 -292 -252 36402 SOSA 11-18 (J) 400 0.0011486900 41.69 0.00 5.04 210.11 210.11 10/01/2013 Weld RM CO 0.00 0.000 0.06 2.53 2.53 36402 SOSA 11-18 (J) 400 0.0011466900 43.65 0.00 -5.24 -228.74 -228.74 10/01/2013 Weld RM CO 0.00 0.000 -0.06 -2.75 -2.75 36402 SOSA 11-18 (J) 400 0.0011486900 43.38 0.00 3.82 165.73 165.73 11/01/2013 Weld RM CO 0.00 0.000 0.05 1.99 1,99 36402 SOSA 11-18 (J) 400 0.0011486900 44.81 0.0C -3.17 -142.06 -142.06 11/01/2013 Weld RM CO 0.00 0,000 -0.04 -1.71 -1.71 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com age Owner: 2101559 QRA Check Number: Check Date: Check Amount: Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasuDoort(cDpdsei-com Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcf Well Gross Value S Well Sev Tax $ Tax Type Cd Well Deducts S Ded Cd Well Net Value $ Sales Date County lnt Type State MMBTU Avg Price BTU Factor Owner Vol (mcp Owner Gross Value $ Owner Sev Tax $ Owner Deducts 5 Owner Net Value 5 36402 SOSA 11-18 (.1) 400 0.0011486900 46.77 0.00 4.39 205.30 205.30 12/01/2013 Weld RM CO 0.00 0.000 0.05 2.47 2.47 36402 SOSA 11-18 (J) 400 0.0011486900 48.16 0.00 -3.76 .181.07 -181.07 12/01/2013 Weld RM CO 0O0 0.000 -0.05 -2.18 -2.18 36402 SOSA 11-18 (J) 400 0.0011486900 53.11 0.00 4.36 231.55 231.55 01/01/2014 Weld RM CO 000 0.000 0.05 2.79 2.79 36402 SOSA 11.18 (J) 400 0.0011486900 53.01 0.00 -364 -192.94 -192.94 01/01/2014 Weld RM CO 0.00 0.000 -0.04 -2.32 -2.32 36402 SOSA 11-18 (J) 400 0.0011486900 54.18 0.00 1.77 95.89 95.89 02/01/2014 Weld RM CO 0.00 0.000 0.02 1.15 1,15 36402 SOSA 11-18 (J) 400 0.0011486900 54.45 0.00 -3.02 -164.43 -164.43 02/01/2014 Weld RM CO 0.00 0.000 -0O4 -1.98 -1.98 36402 SOSA 11-18 (J) 400 0.0011486900 46.61 0.00 4.73 220.47 220.47 03/01/2014 Weld RM CO 0O0 0.000 0O6 2.65 2.65 36402 SOSA 11-18 (J) 400 0.0011486900 41.86 0.00 -3.38 -141.50 -141.50 03/01/2014 Weld RM CO 0.00 0.000 -0O4 -1.70 -1.70 36402 SOSA 11-18 (J) 400 0.0011486900 47.70 0.00 431 205.57 205.57 04/01/2014 Weld RM CO 0.00 0.000 0.05 2.47 2.47 36402 SOSA 11-18 (J) 400 0.0011486900 42.95 0.00 -3.17 -136.15 -136.15 04/01/2014 Weld RM CO 0-00 0.000 -0.04 -1.64 -1,64 36402 SOSA 11-18 (J) 400 0.0011486900 45.59 0.00 4.03 183.72 183.72 05/01/2014 Weld RM CO 0.00 0.000 0.05 2.21 2.21 36402 SOSA 11-18 (J) 400 0.0011486900 36.78 0.00 -2.86 -105.19 -105.19 05/01/2014 Weld RM CO 0.00 0.000 -0.04 -1.27 -1.27 36402 SOSA 11-18 (J) 400 00011486900 46.93 0.00 3.78 177.38 177.38 06/01/2014 Weld RM CO 0.00 0.000 0.05 2.13 2.13 36402 SOSA 11-18 (J) 400 0.0011486900 36.25 0.00 -2.79 -101.15 -101.15 06/01/2014 Weld RM CO 0.00 0.000 -0.03 -1.22 -122 36402 SOSA 11-18 (J) 400 0.0011486900 31.01 0.00 4.21 130.54 130.54 12/01/2016 Weld RM CO 0O0 0000 0.05 1.57 1.57 36402 - SOSA 11 18 (J) Subtotal: 8.41 0.00 0.27 8.14 36574 SOSA 22-18 (J) 200 0.0011486900 3.55 6424 64.24 228.18 21.68 03 206.50 01/01/2013 Weld RM CO 3.55 1.000 0.77 2.75 0.26 2.49 36574 SOSA 22-18 (J) 200 0.0011486900 3.54 .7002 -64.00 -226.72 -21.70 03 -205.02 01/01/2013 Weld RM CO 3.24 1.094 -0.77 -2.73 -0.26 -247 36574 SOSA 22-18 (J) 200 0.0011486900 3.50 75.27 75.27 263.38 26.21 03 237.17 02/01/2013 Weld RM CO 3.50 1.000 0.91 3.17 0.31 2.86 36574 SOSA 22-18 (J) 200 0.0011486900 3.50 -84.24 -77.00 -269.78 -26.23 03 -243,55 02/01/2013 Weld RM CO 3.20 1.094 -0.93 -3.25 -0.32 -2.93 36574 SOSA 22-18 (J) 200 0.0011486900 364 67,76 67.76 246.84 23.58 03 223.26 03/01/2013 Weld RM CO 3.64 1.000 0.82 2.97 028 2.69 36574 SOSA 22-18 (J) 200 0.0011486900 3.64 -75.07 -68.43 -249.40 -23.60 03 -225.80 0 310 1/201 3 Weld RM CO 3.32 1.097 -0.82 -3.00 -0.28 -2.72 36574 SOSA 22.18 (J) 200 0O011486900 4.33 58.78 58.78 254.39 21.38 03 233.01 05/01/2013 Weld RM CO 4.33 1.000 0.71 3.06 0.26 2.80 36574 SOSA 22-18 (J) 200 0.0011486900 4.34 -67.81 -60.06 -260.43 -21.40 03 -239.03 05/01/2013 Weld RM CO 3.84 1.129 -0.72 -3.13 -0.26 _2,87 36574 SOSA 22-18 (J) 200 0.0011486900 368 4429 44.29 162.90 15.85 03 146.06 09/01/2013 Weld RM CO 3.68 1.000 0.53 1.96 0.19 1.76 0.99 15 0.01 36574 SOSA 22.18 (J) 200 0.0011486900 3.68 -48.72 -43,19 -159.04 -15.87 03 -143.17 09/01/2013 Weld RM CO 3.26 1128 -0.52 -1.91 -0.19 -1.72 36574 SOSA 22-18 (J) 200 0.0011486900 3.77 47.43 47.43 178.69 16.96 03 161.73 10/01/2013 Weld RM CO 3.77 1.000 0.57 2.15 0.20 1.95 36574 SOSA 22.18 (J) 200 0.0011486900 3.76 -52.21 -46.53 -175.10 -16.98 03 -158.12 10/01/2013 Weld RM CO 3.35 1.122 -0.56 -2.11 -0.20 -1.91 Page 16 QRA Check Number: Check Date: Check Amount: Well Number Property Name PC En1Xlement Decimal SOD Price MCF Avg Price 1OMMBTU Well Gross Vol (mct) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date County Int Type Stale MMBTU Avg Price BTU Factor Owner Vol (mcf) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 36574 SOSA 22-18 (J) 200 0.0011486900 4.06 41.00 41.00 166.65 14.63 03 152.02 12/01/2013 Weld RM CO 4.06 1.000 0.49 2.01 0.18 1.83 36574 SOSA 22-18 (J) 200 0.0011486900 4.06 -45.41 -40.69 -165.20 -18.94 03 -146.26 12J01/2013 Weld RM CO 3.64 1.116 -0.49 -1.99 -0.23 -1.76 36574 SOSA 22-18 (J) 200 0.0011486900 6.01 37.59 37.59 225.81 11.94 03 213.87 02/01/2014 Weld RM CO 6.01 1.000 0.45 2.72 0.14 2.58 36574 SOSA22-18 (J) 200 0.0011486900 6.29 -36.16 -30.44 -191.59 -11.95 03 -179.64 02/01/2014 Weld RM CO 5.30 1.188 -0.37 -2.31 -0.14 -2.17 36574 SOSA 22-18 (J) 200 0.0011486900 5.90 34.81 34.81 205.26 13.15 03 192.11 03/01/2014 Weld RM CO 5.90 1.000 042 2.47 0.16 2.31 36574 SOSA 22-18 (J) 200 0 0011486900 6.26 -40.03 -3341 -209.07 -4.35 03 -204.72 03/01/2014 Weld RM CO 5.22 1.198 -040 -2.52 -0.05 -2.47 36574 SOSA 22-18 (J) 200 0.0011486900 4.92 29.64 29.64 14590 11.25 03 127.71 05/01/2014 Weld RM CO 4.92 1.000 0.36 1.76 0.13 1.55 6.94 15 0.08 36574 SOSA 22-18 (J) 200 0.0011486900 5.19 -32.83 -2823 -146.48 -11.27 03 -135.21 05/01/2014 Weld RM CO 4.46 1.163 -0.34 -1.76 -0.14 -1.62 36574 SOSA 22-18 (J) 200 00011486900 4.88 28.08 28.08 13708 10.93 03 126.15 06/01/2014 Weld RM CO 4.88 1.000 0.34 1.65 0.13 1.52 36574 SOSA22-18(J) 200 0.0011486900 4.89 -34.07 -28.92 -141.35 -10.94 03 -13041 06/01/2014 Weld RM CO 4.15 1.178 -0.35 -1,70 -0.13 -1.57 36574 SOSA 22-18 (J) 200 0.0011486900 3.17 40.09 40.09 126.93 14.89 03 112.04 12/01/2016 Weld RM CO 3.17 1.000 0.48 1.53 0.18 1.35 36574 SOSA 22-18 (J) 300 0.0011486900 45.94 0.00 0.50 22.97 22.97 12/01/2016 Weld RM CO 0.00 0.000 0.00 0.03 0.03 36574 SOSA 22-18 (J) 400 0.0011486900 51.08 0.00 4.18 213.53 213.53 01101/2013 Weld RM CO 0.00 0.000 0.05 2.57 2.57 36574 SOSA 22-18 (J) 400 0.0011486900 51 98 0.00 -4.83 -251.05 -251.05 01/01/2013 Weld RM CO 0.00 0.000 -0.06 -3.02 -3.02 36574 SOSA 22-18 (J) 400 00011486900 43.59 0.00 7 43 323.91 323.91 02/01/2013 Weld RM CO 0.00 0.009 0.09 3.90 3.90 36574 SOSA 22-18 (J) 400 0.0011486900 44.30 0.00 -6.10 -270.24 -270.24 02/01/2013 Weld RM CO 0.00 0.000 -0.07 -3.25 -3.25 36574 SOSA 22-18 (J) 400 0.0011486900 40.09 0.00 6.61 264.99 264.99 03/01/2013 Weld RM CO 0.00 0.000 0.08 3.19 3.19 36574 SOSA 22-18 (J) 400 0.0011486900 40.00 0.00 -5.74 -229.58 -229.58 03/01/2013 Weld RM CO 0.00 0.000 -0.07 -2.76 -2.76 36574 SOSA 22-18 (J) 400 0.0011486900 37.99 0.00 6.02 228.70 228.70 04/01/2013 Weld RM CO 0.00 0.000 0.07 2.75 2.75 36574 SOSA22-18(J) 400 0.0011486900 37.60 0.00 -5.29 -198.92 -198.92 04/01/2013 Weld RM CO 0.00 0.000 -0.06 -2.39 -2.39 36574 SOSA 22-18 (J) 400 0.0011486900 34.54 0.00 6.33 218.61 218.61 05/01/2013 Weld RM CO 0.00 0.000 0.08 2.63 2.63 36574 SOSA 22-18 (J) 400 0.0011486900 38.65 0.00 -5.19 -200.61 -200.61 05/01/2013 Weld RM CO 0.00 0.000 -0.06 -2.41 -2.41 36574 SOSA 22-18 (J) 400 00011486900 36.21 0.00 5.32 192.62 192.62 07/01/2013 Weld RM CO 0.00 0.000 0.06 232 2.32 36574 SOSA 22-18 (J) 400 0.0011486900 39.47 0.00 -4.74 -187.11 -187.11 07/01/2013 Weld RM CO 0.00 0.000 -006 -2.25 -2.25 36574 SOSA 22-18 (J) 400 0.0011486900 42.18 0.00 4.74 199.91 199.91 08/01/2013 Weld RM CO 0.00 0.000 0.06 2.41 2.41 36574 SOSA 22-18 (J) 400 0.0011486900 42.54 0.00 -4.12 -175.27 -175.27 08/01/2013 Weld RM CO 0.00 0.000 -0.05 -2.11 -2.11 36574 SOSA 22-18 (J) 400 0.0011486900 39.82 0.00 4.50 179.21 179.21 09/01/2013 Weld RM CO 0.00 0.000 0.05 2.16 2.16 36574 SOSA22-18(J) 400 0.0011486900 42.28 0.00 -4.71 -199.13 -199.13 09/01/2013 Weld RM CO 0.00 0.000 -0.06 -2.40 -2.40 Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com age QRA Check Number: Check Date: Check Amount: Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Well Number Properly Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mct) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts S Ded Cd Well Net Value $ Sates Date Cou my Int Type State MMBTU Avg Price BTU Factor Owner Vol (mcf) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 36574 SOSA 22-18 (J) 400 0.0011486900 41.71 0.00 4.85 202.29 202.29 10/01/2013 Weld RM CO 0.00 0000 0.06 2.43 2.43 36574 SOSA 22-18 (J) 400 0.0011486900 43.87 0.00 -5.02 -220.25 -220.25 10/01/2013 Weld RM CO 0.00 0.000 -0.06 -2.65 -2.65 36574 SOSA 22-18 (J) 400 0.0011486900 43.35 0.00 3.68 159.54 159.54 11/01/2013 Weld RM CO 0.00 0.000 0.05 1.92 1.92 36574 SOSA 22-18 (J) 400 0.0011486900 44.85 0.00 -3.05 -136.78 -136.78 11/01/2013 Weld RM CO 0.00 0.000 -0.04 -1.65 -165 36574 SOSA 22-18 (J) 400 0.0011486900 46.85 0.0C 4.22 197.69 197.69 12/01/2013 Weld RM CO 0.00 0.000 0.05 2.38 2.38 36574 SOSA 22.18 (J) 400 0.0011486900 47.89 0.00 -3.64 -174.31 -174.31 12/01/2013 Weld RM CO 0.00 0.000 -0.04 -2.10 -2.10 36574 SOSA 22-18 (J) 400 0.0011486900 53.00 0.00 3.27 173.31 173.31 01/01/2014 Weld RM CO 0.00 0.000 0.04 2O9 2.09 36574 SOSA 22-18 (J) 400 0.0011486900 52.71 0.00 -2.74 -144.43 -144.43 01/01/2014 Weld RM CO 0.00 0.000 -0.03 -1.74 -1.74 36574 SOSA 22-18 (J) 400 0.0011486900 54.01 0.00 1.71 92.35 92.35 02/01/2014 Weld RM CO 0.00 0.000 0.02 1.11 1.11 36574 SOSA 22-18 (J) 400 0.0011486900 54.59 0.00 -2.90 -158.32 -158.32 02/01/2014 Weld RM CO 0.00 0.000 -0.04 -1.91 -1.91 36574 SOSA 22-18 (J) 400 0.0011486900 46.65 0.00 4.55 212.27 212.27 03/01/2014 Weld RM CO 0.00 0.000 0.06 2.55 2.55 36574 SOSA 22-18 (J) 400 0.0011486900 42.04 0.0C -324 -136.21 -136.21 03/01/2014 Weld RM CO 0.00 0.000 -0.04 •1.64 -1.64 36574 SOSA 22-18 (J) 400 0.0011486900 4769 0.00 4.15 197.91 197.91 04/01/2014 Weld RM CO 0.00 0.000 0.05 2.38 2.38 36574 SOSA 22-18 (J) 400 0.0011486900 42.99 0.0C -3.05 -131.11 -131.11 04/01/2014 Weld RM CO 0.00 0.000 -0.04 -1.58 -1.58 36574 SOSA 22-18 (J) 400 0.0011486900 45.60 0.00 3.88 176.91 176.91 05/01/2014 Weld RM CO 0.00 0.000 0.05 2.13 2.13 36574 SOSA 22-18 (J) 400 0.0011486900 36.69 0.00 -2.76 -101.27 -101.27 05/01/2014 Weld RM CO 0.00 0.000 -0.03 -1.22 -1.22 36574 SOSA 22-18 (J) 400 0.0011486900 46.93 0.00 364 170.82 170.82 06/01/2014 Weld RM CO 0.00 0.000 0.04 2.06 2.06 36574 SOSA 22.18 (J) 400 0.0011486900 36.48 0.00 -2.67 -97.41 -97.41 06/01/2014 Weld RM CO 0.00 0.000 -0.03 -1.17 -1.17 36574 SOSA 22.18 (J) 400 0.0011486900 30.97 0.00 4.06 125.72 125.72 12/01/2016 Weld RM CO 0.00 0.000 0.05 1.51 1.51 36574 - SOSA 22-18 (J) Subtotal: 8.06 0.00 0.31 7.75 38238 SOSA 11-18 (C) 200 0.0011486900 3.55 28.57 28.57 101.49 9.65 03 91.84 01/01/2013 Weld RM CO 3.55 1.000 0.34 1.22 0.12 1.10 38238 SOSA 11.18 (C) 200 0.0011486900 3.60 -30.63 -28.00 -100.87 -9.65 03 -91.22 01/01/2013 Weld RM CO 3.29 1.094 -0.34 -1.21 -0.12 .1.09 38238 SOSA 11-18 (C) 200 0.0011486900 3.50 33.49 33.49 117.17 11.66 03 105.51 02/01/2013 Weld RM CO 3.50 1.000 0.40 1.41 0.14 1.27 38238 SOSA 11-18 (C) 200 0.0011486900 3.53 -37.20 -34.00 -119.99 -11.67 03 -108.32 02/01/2013 Weld RM CO 3.23 1094 -0.41 -1.44 -0.14 -1.30 38238 SOSA 11-18 (C) 200 0.0011486900 4.33 26.25 2625 113.62 9.55 03 104.07 05/01/2013 Weld RM CO 4.33 1.000 0.32 1.37 0.11 1.26 38238 SOSA 11-18 (C) 200 0.0011486900 4.34 -30.29 -26.83 -116.35 -9.56 03 -10679 05/01/2013 Weld RM CO 3.84 1.129 -0.32 -1.40 -0.11 -1.29 38238 SOSA 11-18 (C) 200 0.0011486900 3.68 19.97 19.97 73.45 7.15 03 65.85 09/01/2013 Weld RM CO 3.68 1.000 0.24 0.88 0.09 0.78 0.45 15 0.01 38238 SOSA 11-18 (C) 200 0.0011486900 3.68 -21.96 -19.47 -71.72 -7.15 03 -64.57 09/01/2013 Weld RM CO 3.27 1.128 -0.23 -0.86 -0.09 -0.77 Page 18 Owner: 2101559 QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price WE MMBTU Well Gross Vol (mcp Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Dale County Int Type Stale MMBTU Avg Price BTU Factor Owner Vol (mc0 Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 38238 SOSA 11-18 (C) 200 0.0011486900 3.77 21.11 21.11 79.51 7.55 03 71.96 16/01/2013 Weld RM CO 3.77 1.000 0.25 0.96 0.09 0.87 38238 SOSA 11.18 (C) 200 0.0011486900 3.76 -23.21 -20.69 -77.87 -7.55 03 -70.32 10101/2013 Weld RM CO 3.36 1.122 -0.25 -0.94 -0.09 -0.85 38238 SOSA 11-18 (C) 200 0.0011486900 4.06 18.24 18.24 74 12 6.51 03 67.61 12/01/2013 Weld RM CO 4.06 1.000 0.22 0.89 0.08 0.81 38238 SOSA 11-18 (C) 200 0.0011486900 4.06 -20.23 -18.11 -73.54 -155.03 03 81.49 12/01/2013 Weld RM CO 3.64 1.117 -0.22 -0.88 -1.87 0.99 38238 SOSA 11-18 (C) 200 0.0011486900 6.01 16.72 16.72 100.43 5.31 03 95.12 02/01/2014 Weld RM CO 6O1 1.008 0.20 121 0.06 1.15 38238 SOSA 11.18 (C) 200 0.0011486900 6.30 -16.07 -13.53 -85.18 -5.32 03 -79.86 02/01/2014 Weld RM CO 5.30 1.188 -0.16 -1O3 -0.06 -0.97 38238 SOSA 11-18 (C) 200 0.0011486900 5.90 15.49 15.49 91.32 5.85 03 85.47 03/01/2014 Weld RM CO 5.90 1.000 019 1.10 0.07 1.03 38238 SOSA 11-18 (C) 200 0.0011486900 6.26 -17.80 -14.86 -92.99 -4.77 03 -88.22 03/01/2014 Weld RN CO 5.22 1.199 -0.18 -1.12 -0.06 -1.06 38238 SOSA 11-18 (C) 200 0.0011486900 4.80 14.19 14.19 68.07 5.37 03 62.70 04/01/2014 Weld RM CO 4.80 1.000 0.17 0.82 0.06 0.76 38238 SOSA 11.18 (C) 200 0.0011486900 4.93 -16.20 -13.93 -68 66 -5.37 03 -63.29 04/01/2014 Weld RM CO 4.24 1.163 -0.17 -0.83 -0.06 -0.77 38238 SOSA 11-18 (C) 200 0.0011486900 4.92 13.18 13.18 6486 5.01 03 56.75 05/01/2014 Weld RM CO 4.92 1.000 0.16 0.78 0.06 0.68 3.10 15 0.04 38238 SOSA 11-18 (C) 200 0.0011486900 5.19 -14.81 -12.56 -65.17 -5.01 03 -60.16 05/01/2014 Weld RN CO 4.46 1.163 -0.15 -0.78 -0.06 -0.72 38238 SOSA 11-18 (C) 200 0.0011486900 4.88 1249 12.49 60.95 4.86 03 56.09 06/01/2014 Weld RM CO 4.88 1.000 0.15 0.73 0.06 0.67 38238 SOSA 11-18 (C) 200 0.0011486900 4.89 -15.16 -12.87 -62.90 -4.87 03 -58.03 06/01/2014 Weld RM CO 4.15 1.178 -0.15 -0.76 -0.06 -0.70 38238 SOSA 11.18 (C) 200 0.0011486900 4.64 9.06 9.06 42.08 3.31 03 38.77 07/01/2014 Weld RN CO 4.64 1.000 0.11 0.51 0.04 0.47 38238 SOSA 11.18 (C) 200 0.0011486900 4.49 -10.28 -9.57 -42.95 -3.32 03 -39.63 07/01/2014 Weld RM CO 4.18 1.074 -0.11 -0.52 -0.04 -0.48 38238 SOSA 11.18 (C) 200 0.0011486900 3.17 17.83 17.83 56.46 6.62 03 49.84 12/01/2016 Weld RM CO 3.17 1.000 0.21 0.68 0.08 0.60 38238 SOSA 11-18 (C) 300 0.0011486900 45.93 0.00 19.35 888.76 888.76 12/01/2016 Weld RM CO 0O0 0.000 0.02 1.02 1.02 38238 SOSA 11.18 (C) 400 0.0011486900 51.07 0.00 1.86 94.99 94.99 01/01/2013 Weld RM CO 0.00 0.000 0.02 1.14 1.14 38238 SOSA 11-18 (C) 400 0.0011486900 52.17 0.00 -2.14 -111.65 -111.65 01/01/2013 Weld RM CO 0.00 0.000 -0.03 -1.34 -1.34 38238 SOSA 11-18 (C) 400 0.0011488900 43.67 0.00 3.30 144.10 144.10 02/01/2013 Weld RM CO 0.00 0.000 0.04 1.73 1.73 38238 SOSA 11-18 (C) 400 0.0011486900 44.35 0.00 -271 -120.20 -120.20 02/01/2013 Weld RM CO 0.00 0.000 -O03 -1.45 -1.45 38238 SOSA 11-18 (C) 400 0.0011486900 40.10 0.00 2.94 11788 117.88 03/01/2013 Weld RM CO 0.00 0.000 0.04 1.42 1.42 38238 SOSA 11-18 (C) 400 0.0011486900 40.05 0.06 -2.55 -102.13 -102.13 03/01/2013 Weld RM CO 0.00 0.000 -0O3 -1.23 -1.23 38238 SOSA 11-18 (C) 400 0.0011466900 37.97 0.00 2.68 101.75 101.75 04/01/2013 Weld RM CO 0.00 0.000 0.03 1.22 1.22 38238 SOSA 11-18 (C) 400 0.0011486900 37.50 0.00 -2.36 -88.50 -88.50 04/01/2013 Weld RM CO 0.00 0.000 -0.03 -1.07 -1.07 38238 SOSA 11-18 (C) 400 0.0011486900 34.50 0.00 2.83 97.63 97.63 05/01/2013 Weld RM CO 0.00 0.000 0.04 1.17 1.17 38238 SOSA 11-18 (C) 400 0.0011486900 38.46 0.00 -233 -89.61 -89.61 05/01/2013 Weld RM CO 0.00 0.008 -0.03 -1.08 -1,08 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com age QRA Check Number: Check Date: Check Amount: Well Number Properly Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcQ Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date County lot Type Stale MMBTU Avg Price BTU Factor Owner Vol (mcf) Owner Gross Value S Owner Sev Tax $ Owner Deducts S Owner Net Value $ 38238 SOSA 11-18 (C) 400 0.0011486900 36.16 0 O 237 85.71 85.71 07/01/2013 Weld RM CO 0.00 0.000 0.03 1.03 1.03 38238 SOSA 11-18 (C) 400 0.0011486900 39.26 0.00 -2.12 -83.24 -83.24 07/01/2013 Weld RM CO 0.00 0.000 -0O3 -1O0 -1.00 38238 SOSA 11-18 (C) 400 0.0011486900 42.14 0.00 2.11 88.92 88.92 08/01/2013 Weld RM CO 0.00 0.000 0.03 1.07 1.07 38238 SOSA 11-18 (C) 400 0.0011486900 4260 0.0C -1.83 -77.95 -77.95 08/01/2013 Weld RM CO 0.00 0.000 -0.02 -0.94 -0.94 38238 SOSA 11-18 (C) 400 0.0011486900 39.80 0.00 2O3 80.79 80.79 09/01/2013 Weld RM CO 0.00 0.000 0O3 0.97 0.97 38238 SOSA 11-18 (C) 400 0.0011486900 42.34 0.0C -2.12 -89.77 -89.77 09/01/2013 Weld RM CO 0.00 0.000 -0.03 -1.08 -1.08 38238 SOSA 11-18 (C) 400 0.0011486900 4165 0.00 2.16 89.96 89.96 10/01/2013 Weld RM CO 0.00 0.000 0.03 1.08 1.08 38238 SOSA 11-18 (C) 400 0.0011486900 43.74 0.00 -2.24 -97.97 -97.97 10/01/2013 Weld RM CO 0.00 0.000 -0.03 -1.18 -1.18 38238 SOSA 11-18 (C) 400 0.0011486900 43.27 0.0C 1,64 70.97 70.97 11/01/2013 Weld RM CO 0O0 0.00C 0.02 0.65 0.85 38238 SOSA 11-18 (C) 400 0.0011486900 44.74 0.00 -1,36 -60.84 -60.84 11/01/2013 Weld RM CO 0.00 0.000 -0.02 -0.73 -0.73 38238 SOSA 11-18 (C) 400 0.0011486900 46.78 0.00 1.88 87.94 87,94 12/01/2013 Weld RM CO 0.00 0.000 0.02 1.06 1.06 38238 SOSA 11-18 (C) 400 0.0011486900 47.87 0.00 -1.62 -77.55 -77.55 12/01/2013 Weld RM CO 0O0 0.000 -0.02 -0.93 -0.93 38238 SOSA 11-18 (C) 400 0.0011486900 53.03 0.oa 1.87 99.17 99.17 01/01/2014 Weld RM CO 0.00 0.000 0.02 1.19 1.19 38238 SOSA 11-18 (C) 400 0.0011486900 5266 0.00 -1.57 -8268 -82.68 01/01/2014 Weld RM CO 0.00 0.000 -0.02 -0.99 -0.99 38238 SOSA 11.18 (C) 400 0.0011486900 54.07 0.00 0.76 41.09 41.09 02/01/2014 Weld RM CO 0.00 0.000 0.01 0.49 0,49 38238 SOSA 11-18 (C) 400 0.0011486900 54.60 0.00 -1.29 -70.44 -70.44 02/01/2014 Weld RM CO 0.00 0.000 -0.02 -0.85 -0.85 38238 SOSA 11-18 (C) 400 0.0011486900 46.73 0.00 2.02 94.40 94.40 03/01/2014 Weld PM CO 0.00 0.000 0.03 1.14 1,14 38238 SOSA 11-18 (C) 400 0.0011486900 41.78 0.0C -1 45 -60.58 -60.58 03/01/2014 Weld RM CO 0.00 0.000 -0.02 -0.73 -0.73 38238 SOSA 11-18 (C) 400 0.0011486900 47.61 0.00 1.85 88.07 88.07 04401/2014 Weld RM CO 0.00 0.000 0.02 1O6 1.06 38238 SOSA 11-18 (C) 400 0.0011486900 42,88 0.00 -1.36 -58.31 _58,31 04/01/2014 Weld RM CO 0.00 0.000 .0.02 -0.70 -0.70 38238 SOSA 11-18 (C) 400 0.0011486900 45.51 0.00 1.73 78.74 78.74 05/01/2014 Weld RM CO 0.00 0.000 0.02 0.95 0.95 38238 SOSA 11-18 (C) 400 0.0011486900 37.21 0.00 -1.21 -45.03 -45.03 05/01/2014 Weld RM CO 0O0 0.000 -0.02 -0.54 -0.54 38238 SOSA 11-18 (C) 400 0.0011486900 46.90 0.0C 1.62 75.97 75.97 06/01/2014 Weld RM CO 0.00 0.000 0.02 0.91 0.91 38238 SOSA 11-18 (C) 400 0.0011486900 36.38 0.00 -1.19 -43.29 -43.29 06/01/2014 Weld RM CO 0.00 0.000 -0.02 -0.52 -0.52 38238 SOSA 11-18 (C) 400 0.0011486900 31.06 0.00 1.80 55.91 55.91 12/01/2016 Weld RM CO 0O0 0.000 0.02 0.67 0.67 38238- SOSA 11-18 (C) Subtotal 4.60 0.00 .1.65 625 38240 SOSA 11-18 (N) 200 0.0011486900 3.50 14.35 14.35 50.22 5.00 03 45.22 02/01/2013 Weld RM CO 350 1.000 0.17 0.60 0.06 0.54 38240 SOSA 11-18 (N) 200 0.0011486900 3.43 -16.41 -15.00 -51.47 -5.00 03 -46.47 02/01/2013 Weld RM CO 3.14 1.094 -0.18 -0.62 -0.06 -0.56 38240 SOSA 11-18 (N) 200 0.0011486900 4.19 11.75 11.75 49.26 4.14 03 45.12 04/01/2013 Weld RM CO 4.19 1.000 0.14 0.59 0.05 0,54 Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Page 20 Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcg Well Gross Value $ Well Sec Tax $ Tax Type Cd Well Deducts S Ded Cd Well Net Value $ Sales County Int State MMBTU BTU Factor Owner Vol Owner Gross Owner Sev Owner Owner Net Value Dale Type Avg Price (mcq Value 5 Tax $ Deducts 5 $ 38240 SOSA 11-18 (N) 200 0.0011486900 4.20 -13.19 -11.83 -49.64 -0.14 03 -45.50 04/01/2013 Weld RM CO 3.77 1.114 -0.14 -0.60 -0.05 -0.55 38240 SOSA 11-18 (N) 200 0.0011486900 4.33 11.27 11.27 48.79 4.10 03 44.69 05/01/2013 Weld RM CO 433 1.000 0.14 0.59 0.05 0.54 38240 SOSA 11-18 (N) 200 0.0011486900 4.34 -12.99 -11.51 -49.92 -4.10 03 -45.82 05/01/2013 Weld RM CO 3.84 1.129 -0.14 -0.60 -0.05 -0.55 38240 SOSA 11-18 (N) 200 00011486900 3.73 8.10 8.10 30.22 2.92 03 27.30 08/01/2013 Weld RM CO 3.73 1.000 0.10 0.36 0.04 0.32 38240 SOSA 11-18 (N) 200 0.0011486900 3.74 -926 -8.13 -30-39 -2.92 03 -27.47 08/01/2013 Weld RM CO 328 1.139 -0.10 -0.37 -0.04 -0.33 38240 SOSA 11-18 (N) 200 0.0011486900 3.68 8.56 8.56 31.48 3.06 03 28.21 09/01/2013 Weld RM CO 3.68 1.000 0.10 0.38 0.04 0.34 0.21 15 0.00 38240 SOSA 11-18 (N) 200 0.0011486900 368 -9.42 -8.35 -30.76 -3.07 03 -27.69 09/01/2013 Weld RM CO 3.27 1.128 -0.10 -0.37 -0.04 -0.33 38240 SOSA 11-18 (N) 200 0.0011486900 3.77 9.05 9.05 3409 3.23 03 30.86 10/01/2013 Weld RM CO 3.77 1.000 0.11 0.41 0.04 0.37 38240 SOSA 11.18 (N) 200 0.0011486900 3.76 -9.95 -8.87 -3338 -3.24 03 -30.14 10/01/2013 Weld RM CO 3.35 1.122 -0.11 -0.40 -0.04 -036 38240 SOSA 11-18 (N) 200 00011486900 4.06 7.83 7.83 31.82 2.79 03 2903 12/01/2013 Weld RM CO 4.06 1.000 0.09 0.38 0.03 0.35 36240 SOSA 11-18 (N) 200 0.0011486900 4.06 -8.66 -7/6 -31.50 -34.28 03 2/8 12/01/2013 Weld RM CO 3.64 1.116 -0.09 -0.38 -0.41 0.03 38240 SOSA 11-18 (N) 200 0.0011486900 601 7.17 7.17 43.06 2.28 03 40.78 02/0112014 Weld RM CO 6.01 1.000 0.09 0.52 003 0.49 38240 SOSA 11-18 (N) 200 0.0011486900 6.29 -6.89 -5.80 -36.50 -2.28 03 -34.22 02/01/2014 Weld RM CO 5.30 1.188 -0.07 -044 -0.03 -0.41 38240 SOSA 11-18 (N) 200 0.0011486900 5.89 6.64 6.64 39.13 2.51 03 36.62 03101/2014 Weld RM CO 5.89 1.000 0.08 047 0.03 0.44 38240 SOSA 11-18 (N) 200 00011486900 6.26 -7.63 -6.37 -39.86 -4.78 03 -35.08 03/01/2014 Weld RM CO 5.22 1.198 -0.08 -0.48 -0.06 -0.42 38240 SOSA 11-18 (N) 200 0.0011486900 4.92 5.65 5.65 27.81 2.15 03 24.33 05/01/2014 Weld RM CO 4.92 1.000 0.07 0.33 0.03 0.28 1.33 15 0.02 38240 SOSA 11-18 (N) 200 0.0011486900 5.19 -625 -5.37 -27.89 -2.15 03 -25.74 05/01/2014 Weld RM CO 4.46 1.164 -0.06 -0.33 -0.03 -0.30 38240 SOSA 11-18 (N) 200 0.0011486900 4.89 5.35 5.35 26.14 2.09 03 2405 06/01/2014 Weld RM CO 4.89 1.000 0.06 0.31 0.03 0.28 38240 SOSA 11-18 (N) 200 0.0011486900 4.89 -6.50 -5.52 -2697 -2.09 03 -24.88 06/01/2014 Weld RM CO 4.15 1.178 -0.07 -0.32 -0.03 -0.29 38240 SOSA 11-18 (N) 200 00011486900 3.17 7.64 7.64 24.19 2.84 03 21.35 12/01/2016 Weld RM CO 3.17 1.000 0.09 0.29 0.04 0.25 38240 SOSA 11-18 (N) 300 0.0011486900 45.93 0.00 8.41 386.28 386.28 12/01/2016 Weld RM CO 0.00 0.000 0.01 0.44 0.44 38240 SOSA 11-18 (N) 400 0.0011486900 50.89 0.00 0.80 40.71 40.71 01/01/2013 Weld RM CO 0.00 0.000 0.01 0.49 0.49 38240 SOSA 11-18 (N) 400 0.0011486900 51.47 0.00 -0.93 -47.87 -4787 01/01/2013 Weld RM CO 000 0.000 -0.01 -0.58 -0.58 38240 SOSA 11-18 (N) 400 00011486900 43.51 0.00 1.42 61.79 6179 02101/2013 Weld RM CO 0.00 0.000 0.02 0.74 0.74 38240 SOSA 11-18 (N) 400 00011486900 44.04 0.0C -1.17 -51.53 -51.53 02/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.62 -0.62 38240 SOSA 11-18 (N) 400 0.0011486900 40.10 0.00 1.26 50.53 50.53 03/01/2013 Weld RM CO 0.00 0.000 0.02 0.61 0.61 38240 SOSA 11-18 (N) 400 0.0011486900 39.79 0.00 -1.10 -43.77 -43.77 03/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.53 -0.53 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com age QRA Check Number: Check Date: Check Amount: Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasu000rtCa)adsei.com Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Puce Wh MMBTU Well Gross Vol (mcf) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date cou my lot Type State MMBTU Avg Price BTU Fedor Owner Vol (mcf) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 38240 SOSA 11-18 (N) 400 0.0011486900 3790 0.00 1.15 43.59 43.59 04/01/2013 Weld RM CO 0.00 0.000 0.01 0.52 0.52 38240 SOSA 11-18 (N) 400 0.0011486900 37.95 0.00 -1.00 -37.95 -37.95 04/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.46 -0.46 38240 SOSA 11-18 (N) 400 0.0011486900 34.60 0.00 1.21 41.87 4187 05/01/2013 Weld RM CO 0.00 0.000 0.02 0.50 0.50 38240 SOSA 11-18 (N) 400 0.0011486900 38.44 0.00 -1.00 -38.44 -38.44 05/01/2013 Weld RM CO 0.00 0O00 -0.01 -0.46 -0.46 38240 SOSA 11-18 (N) 400 0.0011486900 36.37 0.00 1.01 36.73 36.73 07/01/2013 Weld RM CO 0.00 0.000 0.01 044 0.44 38240 SOSA 11.18 (N) 400 0.0011486900 39.67 0.00 -0.90 -35.70 -35.70 07/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.43 -0.43 38240 SOSA 11-18 (N) 400 0.0011486900 42.33 0.00 0.90 38.10 38.10 08/01/2013 Weld RM CO 000 0.000 0.01 0.46 0.46 38240 SOSA 11-18 (N) 400 0O011486900 4230 0.00 -0.79 -33.42 -33.42 08/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.40 -O40 38240 SOSA 11-18 (N) 400 0.0011486900 39.82 0.00 0.87 34.64 34.64 09/01/2013 Weld RM CO 0.00 0.000 0.01 0.42 O42 38240 SOSA 11-18 (N) 400 0.0011486900 42.74 0.00 -0.90 -38.47 -38,47 09/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.46 -0.46 38240 SOSA 11-18 (N) 400 0.0011486900 41.48 0.00 0.93 38.58 38.58 10/01/2013 Weld RM CO 0.00 0.000 0.01 0.46 0.46 38240 SOSA 11-18 (N) 400 0.0011486900 44.19 0.00 -0.95 -41.98 -41.98 10/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.51 -0.51 38240 SOSA 11-18 (N) 400 0.0011486900 43.51 0.00 0.70 30.46 30.46 11/0112013 Weld RM CO 0O0 0.000 0.01 0.37 0.37 38240 SOSA 11-18 (N) 400 0.0011486900 45.81 0.00 -0.57 -26.11 -26.11 11/01/2013 Weld RM CO 000 0.000 -0.01 -0.31 -0.31 38240 SOSA 11-18 (N) 400 0.0011486900 46.56 0.00 0.81 37.71 37.71 12/01/2013 Weld RM CO 0O0 0.000 0.01 0.45 0.45 38240 SOSA 11.18 (N) 400 0.0011486900 48.14 0.00 -0.69 -33.22 -33.22 12/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.40 -0.40 38240 SOSA 11-18 (N) 400 0O011486900 53.00 0.00 0.80 42.40 42.40 01/01/2014 Weld RM CO 0.00 0000 0.01 0.51 0.51 38240 SOSA 11-18 (N) 400 0.0011486900 52.79 0.00 -0.67 -35.37 -35.37 01/01/2014 Weld RM CO 0.00 0.000 -0.01 -0.43 -0.43 38240 SOSA 11-18 (N) 400 0.0011486900 53.39 0.00 0.33 17.62 17.62 02/01/2014 Weld RM CO 0.00 0.000 0.00 021 0.21 38240 SOSA 11-18 (N) 400 0.0011486900 54.93 0.00 -0.55 -30.21 -30.21 02/01/2014 Weld RM CO 0.00 0.000 -0.01 -0.36 -0.36 38240 SOSA 11-18 (N) 400 0.0011486900 46.56 0.00 0.87 40.51 40.51 03/01/2014 Weld RM CO 0.00 0.000 0.01 0.49 0.49 38240 SOSA 11-18 (N) 400 0.0011486900 41.90 0.00 -0.62 -25.98 -25.98 03/01/2014 Weld RM CO 0.00 0.000 -0.01 -0.31 -0.31 38240 SOSA 11-18 (N) 400 0.0011486900 47.77 0.00 0.79 37.70 3774 04/01/2014 Weld RM CO 0.00 0.000 0.01 0.45 0.45 38240 SOSA 11-18 (N) 400 0O011486900 43.82 0.00 -0.57 -2498 -24.98 04/01/2014 Weld RM CO 0.00 0.000 -0.01 -0.30 -0.30 38240 SOSA 11-18 (N) 400 0.0011486900 4562 0.00 0.74 33.76 33.76 05/01/2014 Weld RM CO 0.00 0.000 0O1 0.41 0.41 38240 SOSA 11-18 (N) 400 0.0011486900 37.15 0.00 -0.52 -19.32 -19.32 05/01/2014 Weld RM CO 0.00 0.000 -0.01 -0.23 -0.23 38240 SOSA 11-18 (N) 400 0.0011486900 47.23 0.00 0.69 32.59 32.59 06/01/2014 Weld RM CO 0.00 0.000 001 0.39 0.39 38240 SOSA 11-18 (N) 400 0.0011486900 37.16 0O0 -0.50 -18.58 -18.58 06/01/2014 Weld RM CO 0.00 0.000 -0.01 -0.22 -0.22 38240 SOSA 11-18 (N) 400 0.0011486900 31.10 0.0C 0.77 23.95 23.95 12/01/2016 Weld RM CO 0.00 0.000 0.01 O29 0.29 Page 22 Owner: 2101559 QRA Check Number: Check Date: Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Well Number Property Name Prop PC Type Entitlement Decimal SOD Pnce Slate MCF Avg Price Avg Price Wtt MMBTU Well Gross Vol (mcf) (mcf) Well Gross Value $ lnt MMBTU BTU Factor Owner Vol Owner Gross Owner Sev Owner Owner Net Value Value $ Well Sex Tax $ Tax $ Tax Type Cd Well Deducts $ Deducts $ Ded Cd Well Net Value $ $ Sales Date County C 38240 - SOSA 11-18 (N) Subtotal: 1.96 0.00 -0.35 2.31 38299 SOSA 21-18 (C) 200 0.0011486900 3.50 30.48 30.48 106.64 10.61 03 96.03 02/01/2013 Weld RM CO 3.50 1.000 0.37 1.29 0.13 1.16 38299 SOSA 21.18(C) 200 0.0011486900 3.52 -33.91 -31.00 -109.17 -10.62 03 -98.55 02/01/2013 Weld RM CO 3.22 1.094 -0.37 -1.32 -0.13 -1.19 38299 SOSA 21-18 (C) 200 0.0011486900 4.33 23.79 23.79 102.95 8.65 03 94.30 05/01/2013 Weld RM CO 4.33 1.000 0.29 1.24 0.10 1.14 38299 SOSA 21-18 (C) 200 0.0011486900 4.34 -27.45 -2431 -105.41 -8.66 03 -96.75 05/01/2013 Weld RM CO 3.84 1.129 -0.29 -1.27 -0.10 -1.17 38299 SOSA21-18(C) 200 0.0011486900 368 17.93 17.93 65.94 6.42 03 59.11 09/01/2013 Weld RM CO 368 1.000 0.22 0.80 0.08 0.71 0.41 15 0.01 38299 SOSA 21-18 (C) 200 0.0011486900 3.68 -19.73 -17.49 -64.40 -642 03 -57.98 09/01/2013 Weld RM CO 3.26 1.128 -0.21 -0.78 -0.08 -0.70 38299 SOSA 21-18 (C) 200 0.0011486900 3.77 19.20 1920 72.33 6.87 03 65.46 10/01/2013 Weld RM CO 3.77 1.000 0.23 0.87 0.08 0.79 38299 SOSA 21-18 (C) 200 0.0011486900 3.76 -21.13 -18.85 -70.92 -6.87 03 -64.05 10/01/2013 Weld RM CO 3.36 1.121 -0.23 -0.86 -0.08 -0.78 38299 SOSA 21.18 (C) 200 0.0011486900 4.06 1661 16.61 67.50 5.92 03 61.58 12/01/2013 Weld RM CO 4.06 1.000 0.20 0.81 0.07 0.74 38299 SOSA 21-18 (C) 200 0.0011486900 4.06 -18.40 -16.47 -66.89 -7.08 03 -59.81 12/01/2013 Weld RM CO 3.64 1.117 -0.20 -0.81 -0.09 -0.72 38299 SOSA 21-18 (C) 200 0.0011486900 6.01 15.22 15.22 91.43 4.83 03 86.60 02/01/2014 Weld RM CO 601 1.000 0.18 1.10 0.06 1.04 38299 SOSA21-18 (C) 200 0.0011486900 629 -14.64 -12.32 -77.55 -4.84 03 -72.71 02/01/2014 Weld RM CO 5.30 1.188 -0.15 -0.94 -0.06 -0.88 38299 SOSA 21-18 (C) 200 0.0011486900 5.89 14.11 14.11 83 17 5.33 03 77.84 03/01/2014 Weld RM CO 5.89 1.000 0.17 1.00 0.06 0.94 38299 SOSA 21-18 (C) 200 00011486900 6.26 -16.20 -13.52 -84.63 -4.75 03 -79.88 03/01/2014 Weld RM CO 5.22 1.198 -0.16 -1.02 -0.06 -0.96 38299 SOSA 21-18 (C) 200 0.0011486900 4.92 11.99 11.99 59.05 4.56 03 51.68 05/01/2014 Weld RM CO 492 1.000 0.14 0.71 0.06 0.62 2.81 15 0.03 38299 SOSA 21-18 (C) 200 0.0011486900 5.19 -13.29 -11.43 -59.30 -4.56 03 -54.74 05/01/2014 Weld RM CO 4.46 1.163 -0.14 -0.72 -0.06 -0.66 38299 SOSA 21-18 (C) 200 0.0011486900 4.88 11.37 11.37 55.51 4.43 03 51.08 06/01/2014 Weld RM CO 4.88 1.000 0.14 0.67 0.05 0.62 38299 SOSA 21-18 (C) 200 0.0011486900 4.89 -13.79 -11 70 -57.21 -4.43 03 -52.78 06/01/2014 Weld RM CO 4.15 1.175 -0.14 -0.69 -0.05 -0.64 38299 SOSA 21-18 (C) 200 0.0011486900 4.64 8.24 8.24 38.27 3.01 03 35.26 07/01/2014 Weld RM CO 4.64 1.000 0.10 0.46 0.04 0.42 38299 SOSA 21-18 (C) 200 0.0011486900 4.49 -9.35 -8.71 -39.07 -302 03 -36.05 07/01/2014 Weld RM CO 4.18 1.073 -0.10 -0.47 -0.04 -0.43 38299 SOSA 21-18 (C) 200 0.0011486900 3.17 16.22 16.22 51.37 6.03 03 45.34 12/01/2016 Weld RM CO 3.17 1.000 0.20 0.62 0.07 0.55 38299 SOSA21-18(C) 300 0.0011486900 45.93 0.00 19.26 884.63 864.63 12/01/2016 Weld RM CO 0.00 0.000 0.02 1.02 1.02 38299 SOSA 21-18(C) 400 0.0011486900 51.14 0.00 1.69 86.43 86.43 01/01/2013 Weld RM CO 0.00 0.000 0.02 1.04 1.04 38299 SOSA 21-18(C) 400 0.0011486900 52.12 0.00 -1.95 -101.83 -101.63 01/01/2013 Weld RM CO 0.00 0.000 -0.02 -1.23 -1.23 38299 SOSA 21-18 (C) 400 0.0011486900 43.56 0.00 3.01 131.12 131.12 02/01/2013 Weld RM CO 0.00 0.000 0.04 1.58 1.58 38299 SOSA 21-18 (C) 400 0.0011486900 44.10 0.00 -2.48 -109.38 -109.38 02/01/2013 Weld RM CO 000 0.000 -0.03 -1.32 -1.32 38299 SOSA21-18(C) 400 0.0011486900 40.02 0.00 2.68 107.26 107.26 03/01/2013 Weld RM CO 0.00 0.000 0.03 1.29 1.29 Owner: 2101559 QRA Check Number: Check Date: Check Amount: Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasuaoort@ Well Number Properly Name PC Entitlement Decimal SOD Pace MCF Avg Price Wh MMBTU Well Gross Vol (met) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date County Int Type State MMBTU Avg Pace BTU Factor Owner Vol (mcf) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 38299 SOSA 21-18 (C) 400 0.0011486900 40.23 0.00 -2.31 -9294 -9294 03/0112013 Weld RM CO 000 0.000 -003 -1.12 -1.12 38299 SOSA 21-18 (C) 400 0.0011486900 37.95 0.00 2.44 92.61 9261 04/01/2013 Weld RM CO 0.00 0.000 003 1.12 112 38299 SOSA 21-18 (C) 400 0.0011486900 37.63 0.00 -2.14 -80.53 -80.63 04/01/2013 Weld RM CO 0.00 0.000 -0.03 -0.97 -0.97 38299 SOSA 21-18 (C) 400 0.0011486900 34.55 0.00 2.56 88.45 88.45 05/01/2013 Weld RM CO 0.00 0.000 0.03 1.07 107 38299 SOSA 21-18 (C) 400 0.0011486900 38.68 0.00 -2.10 -81.22 -8122 05/01/2013 Weld RM CO 000 0.000 -0.03 -0.98 -098 38299 SOSA 21-18 (C) 400 0.0011486900 36.27 0.00 2.15 77.99 7799 07/01/2013 Weld RM CO 0.00 0.000 0.03 0.94 094 38299 SOSA 21-18 (C) 400 0.0011486900 39.24 0.0C -1.93 -75.74 -75.74 07/01/2013 Weld RM CO 0.00 0.000 -002 -0.91 -0.91 38299 SOSA 21.18 (C) 400 0.0011486900 42.14 0.00 1.92 80.91 8091 08/01/2013 Weld RM CO 000 0.000 0.02 0.98 098 38299 SOSA 21-18 (C) 400 0.0011486900 4249 0.00 -1.67 -70.95 -7095 08/01/2013 Weld RM CO 0.00 0.000 -0.02 -0.86 -0.86 38299 SOSA 21.18 (C) 400 0.0011486900 39.85 0.00 1.82 72.53 72.53 09/01/2013 Weld RM CO 0.00 0.000 0.02 0.87 0.87 38299 SOSA 21.18 (C) 400 0.0011486900 42.42 0.00 -1.90 -80.59 -80.59 09/01/2013 Weld RM CO 0.00 0.000 -0.02 -0.97 -0.97 38299 SOSA 21-18 (C) 400 00011486900 41.79 0.00 196 81.90 81.90 10/01/2013 Weld RM CO 0.00 0.000 0 02 0.99 099 38299 SOSA 21-18 (C) 400 0.0011486900 43.51 0.00 -2.05 -89.19 -89.19 10/01/2013 Weld RM CO 0.00 0.000 -0.03 -1.08 -108 38299 SOSA 21-18 (C) 400 0.0011486900 43.35 0.00 1.49 64.59 64.59 11/01/2013 Weld RM CO 0.00 0.000 0.02 0.78 0.78 38299 SOSA 21-18 (C) 400 0.0011486900 44.65 0.00 -1.24 -55.36 -55.36 11/01/2013 Weld RM CO 0.00 0.000 -0.02 -0.67 -067 38299 SOSA 21-18 (C) 400 0.0011486900 46.80 0.00 1.71 80.02 8002 12/01/2013 Weld RM CO 000 0.000 0.02 0.96 0.96 38299 SOSA 21.18 (C) 400 0.0011486900 47.70 0.00 -1.48 -70.59 -70.59 12/01/2013 Weld RM CO 0.00 0.000 -002 -0.85 -0.85 38299 SOSA 21-18 (C) 400 0.0011486900 53.23 0.00 1.32 7027 7027 01/01/2014 Weld RM CO 0.00 0.000 0.02 0.85 0.85 38299 SOSA21-18 (C) 400 0.0011486900 53.22 0.00 -1.10 -58.54 -58.54 01/01/2014 Weld RM CO 0.00 0.000 -0.01 -0.71 -0.71 38299 SOSA 21.18 (C) 400 0.0011486900 54.13 0.00 0.69 37.35 37.35 02/01/2014 Weld RM CO 0.00 0.000 0.01 045 0.45 38299 SOSA 21.18 (C) 400 0.0011486900 54.75 0.00 -1.17 -64.06 -64.06 02/01/2014 Weld RM CO 0.00 0.000 -0.01 -0.77 -077 38299 SOSA 21-18 (C) 400 0.0011486900 46.71 0.00 1.84 85.95 85.95 03/01/2014 Weld RM CO 0.00 0.000 0.02 1.04 1.04 38299 SOSA 21-18 (C) 400 0.0011486900 42.08 0.00 -1.31 -55.13 -55.13 03/01/2014 Weld RM CO 0.00 0.000 -0.02 -0.66 -0.66 38299 SOSA 21.18 (C) 400 0.0011486900 47.69 0.00 1.68 80.12 80.12 04/01/2014 Weld RM CO 0.00 0.000 0.02 0.97 097 38299 SOSA 21-18(C) 400 0.0011486900 42.81 0.00 -1.24 -53.09 -53.09 04/01/2014 Weld RM CO 0.00 0.000 -0.02 -0.64 -064 38299 SOSA 21-18 (C) 400 0.0011486900 45.62 0.0(1 1.57 71.63 71.63 05/01/2014 Weld RM CO 0.00 0.000 0.02 0.86 0.86 38299 SOSA 21-18 (C) 400 0.0011486900 36.60 0.00 •1.12 -40.99 -4099 05/01/2014 Weld RM CO 0.00 0.000 -0.01 -0.49 -0.49 38299 SOSA 21-18 (C) 400 0.0011486900 47.04 0.00 1.47 69.15 6915 06/0112014 Weld RM CO 0.00 0.000 002 0.83 0.83 38299 SOSA 21-18 (C) 400 0.0011486900 36.85 0.00 -1.07 -39.43 -39.43 06/01/2014 Weld RM CO 000 0.000 -0.01 -0.48 -0.48 Page 24 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price WI1 MMBTU Well Gross Vol (mct) Well Gross Value $ Well Sec Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date Count y Int Type State MMBTU Avg Price BTU Factor Owner Vol (mct) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 38299 SOSA 21-18 (C) 400 0.0011486900 31.03 0.00 1.64 50.89 50.89 12)01/2016 Weld RM CO O00 0.000 0.02 0.61 0.61 38299 - SOSA 21-18 (C) Subtotal' 4.23 0.00 0.09 4.14 38300 SOSA 21.18 (N) 200 0.0011486900 3.55 11.13 11.13 39.54 3.76 03 35.78 01/01/2013 Weld RM CO 3.55 1.000 0.13 0.48 0.05 0.43 38300 SOSA21-16(N) 200 0.0011486900 3.57 -12.02 -11.00 -39.31 -3.76 03 -35.55 01/01/2013 Weld RM CO 3.27 1.094 -0.13 -0.47 -0.05 -0.42 38300 SOSA 21-18 (N) 200 0.0011486900 3.50 13.05 13.05 45.67 4.54 03 41.13 02/01/2013 Weld RM CO 3.50 1.000 0.16 0.55 0.06 0.49 38300 SOSA 21.18 (N) 200 0O011486900 3.60 -14.22 -13.00 -46.76 -4.55 03 -42.21 02/01/2013 Weld RM CO 3.29 1.094 -0.16 -0.56 -0.06 -0.50 38300 SOSA 21-18 (N) 200 0.0011486900 4.33 10.21 10.21 44 19 3.71 03 40.48 05/01/2013 Weld RM CO 4.33 1.000 0.12 0.53 0.05 0.48 38300 SOSA 21-18 (N) 200 0.0011486900 4.34 -11.78 -10.43 -4524 -3.72 03 -41.52 05/01/2013 Weld RM CO 3.84 1.129 -0.13 -0.55 -0.05 -0.50 38300 SOSA 21-18 (N) 200 0.0011486900 3.68 7.68 7.68 28.25 2.75 03 25.33 09/01/2013 Weld RM CO 3.68 1.000 0.09 0.34 0.03 0.31 0.17 15 0.00 38300 SOSA 21-18 (N) 200 0.0011488900 3.68 -8.44 -7.48 -27.56 -2.75 03 -24.81 09/01/2013 Weld RM CO 327 1.128 -0.09 -0.33 -0.03 -0.30 38300 SOSA 21-18 (N) 200 0.0011486900 4.07 7.11 7.11 28.91 2.54 03 26.37 12/01/2013 Weld RM CO 4.07 1.000 0.09 0.35 0.03 0.32 38300 SOSA 21-18 (N) 200 0.0011486900 4.06 -7.87 -7.05 -28.62 -7.08 03 -21.54 12/01/2013 Weld RM CO 3.64 1.110 -0.08 -0.34 -0.09 -0.25 38300 SOSA 21-18 (N) 200 0.0011486900 6.01 6.52 6.52 39.20 2.07 03 37.13 02/01/2014 Weld RM CO 6O1 1.000 0.08 0.47 0.03 0.44 38300 SOSA 21-18 (N) 200 0O011486900 6.29 -6.28 -5.29 -33.27 -2.07 03 -31.20 02/01/2014 Weld RM CO 5.30 1.187 -0.06 -0.40 -0.03 -0/7 38300 SOSA 21-18 (N) 200 0.0011486900 5.90 6.03 6.03 35.58 228 03 33.30 03/01/2014 Weld RM CO 5.90 1.000 0.07 0.43 0.03 0.40 38300 SOSA 21-18 (N) 200 0.0011486900 6.26 -694 -5.79 -36.26 -4.92 03 -31.34 03/01/2014 Weld RM CO 5.22 1.195 -0O7 -0.44 -0.06 -038 38300 SOSA 21-18(N) 200 0.0011486900 4.92 5.13 5.13 25.25 1.95 03 22.09 05101/2014 Weld RM CO 4.92 1.000 0.06 0.30 0.02 0.26 1.21 15 0.02 38300 SOSA 21-18 (N) 200 0.0011486900 5.19 -5.70 -4.90 -2541 -1.95 03 -23.46 05/01/2014 Weld RM CO 4.46 1.163 -0.06 -0.31 -0.02 -0.29 38300 SOSA 21-18 (N) 200 0.0011486900 4.88 4.87 4.87 23.77 1.90 03 21.87 06/01/2014 Weld RM CO 4.88 1.000 0.06 0.29 0.02 0.27 38300 SOSA 21-18 (N) 200 0.0011486900 489 -5.90 -5.01 -24.48 -1.90 03 -22.58 06/01/2014 Weld RM CO 4.15 1.178 -0.06 -0.30 -0.02 -0.28 38300 SOSA 21-18 (N) 200 0.0011486900 3.17 6.95 6.95 22.02 2.58 03 1944 12/01/2016 Weld RM CO 3.17 1.000 0.08 0.27 0.03 O24 38300 SOSA 21-18(N) 300 0.0011486900 45.93 0.00 8.43 387.20 387.20 12/01/2016 Weld RM CO 0.00 0.000 0.01 0.44 0.44 38300 SOSA 21-18 (N) 400 0.0011486900 50.71 0.00 O73 37.02 37.02 01/01/2013 Weld RM CO 0.00 0.000 0.01 O45 0.45 38300 SOSA 21-18 (N) 400 0.0011486900 52.47 0.00 -0.83 -43.55 -43.55 01/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.53 -0.53 38300 SOSA 21-18 (N) 400 0.0011486900 43.54 0.00 1.29 56.17 58.17 02/01/2013 Weld RM CO 0.00 0.000 0.02 0.68 0.68 38300 SOSA 21-18(N) 400 0.0011486900 44.64 0.00 -1.05 -46.87 -46.87 02/01/2013 Weld RM CO 0.00 0.000 -O01 -0.57 -0.57 38300 SOSA 21-18(N) 400 0.0011486900 3997 0.00 1.15 45.97 45.97 03/01/2013 Weld RM CO 0.00 0.000 0.01 0.55 0.55 38300 SOSA 21-18(N) 400 0.0011486900 39.82 0.00 -1.00 -39.82 -39.82 03/01/2013 Weld RM CO 0O0 0.000 -0.01 -0.48 -0.48 1856883 02/20/2017 $1,072-87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei-corn age Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mc0 Well Gross Value S Well Sev Tax $ Tax Type Cd Wet Deducts $ Ded Cd Well Net Value $ Sales Dale Count y 1nt Type State MMBTU Avg Price BTU Factor Owner Vol (mcp Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value S 38300 SOSA 21-18 (N) 400 0.0011486900 38.15 0.0C 1.04 39.68 39.68 04/01/2013 Weld RM CO 0.00 0.000 0.01 0.48 0.48 38300 SOSA 21-18(N) 400 0.0011486900 38.33 0.00 -0.90 -34.50 -34.50 04/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.42 -0.42 38300 SOSA 21-18 (N) 400 0.0011486900 34.48 0.00 1.10 37.93 37.93 05/01/2013 Weld RM CO 0.00 0.000 0.01 0.46 0.46 38300 SOSA 21-18 (N) 400 0.0011486900 38.74 0.00 -0.90 -34.87 -34.87 05/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.42 -0.42 38300 SOSA 21-18 (N) 400 0.0011486900 36.32 0.00 0.92 33.41 3341 07/01/2013 Weld RM CO 0.00 0.000 0.01 0.40 0.40 38300 SOSA 21-18 (N) 400 0.0011486900 39.08 0.00 -0.83 •32.44 -32.44 07/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.39 -0.39 38300 SOSA 21-18 (N) 400 0.0011486900 42.27 0.00 082 34.66 34.66 08/01/2013 Weld RM CO 0.00 0.000 0.01 0.42 0.42 38300 SOSA 21-18 (N) 400 0.0011486900 42.79 0.00 -0.71 -30.38 -30.38 08/01/2013 Weld RM CO 0.00 0000 -0.01 -0.37 -0.37 38300 SOSA 21.18 (N) 400 0.0011486900 39.81 0.00 0.78 31.05 31.05 09/01/2013 Weld RM CO 0.00 0.000 0.01 0.37 0.37 38300 SOSA21-18 (N) 400 0.0011486900 42.62 0.00 -0.81 -34.52 -34.52 09/01/2013 Weld RM CO 000 0.000 -0.01 -0.42 -0.42 38300 SOSA 21-18 (N) 400 0.0011486900 41.74 0.00 0.84 35.06 35.06 10/01/2013 Weld RM CO 0.00 0.000 0.01 0.42 0.42 38300 SOSA 21-18(N) 400 0.0011486900 43.39 0.00 -0.88 -38.18 -38.18 10/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.46 -0.46 38300 SOSA 21-18(N) 400 0.0011486900 43.23 0.00 0.64 27.67 27.67 11/01/2013 Weld RM CO 0.00 0.000 0.01 0.33 0.33 38300 SOSA 21-18 (N) 400 0.0011486900 45.63 0.00 -0.52 -23.73 -23.73 11/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.29 -0.29 38300 SOSA 21-18 (N) 400 0.0011486900 46.96 0.00 0.73 34.28 34.28 12/01/2013 Weld RM CO 0.00 0.000 0.01 041 0.41 38300 SOSA 21-18(N) 400 0.0011486900 48.77 0.00 -0.62 -30.24 -30.24 12/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.36 -0.36 38300 SOSA 21-18 (N) 400 0.0011486900 52.74 0.00 0.57 30.06 3006 01/01/2014 Weld RM CO 000 0.00a 0.01 0.36 0.36 38300 SOSA 21-18 (N) 400 0.0011486900 52.27 0.00 -0.48 -25.09 -25.09 01/01/2014 Weld RM CO 0.00 0.000 -0.01 -0.30 -0.30 38300 SOSA 21-18 (N) 400 0.0011486900 53.40 0.00 0.30 16.02 16.02 02/01/2014 Weld RM CO 0.00 0.000 0.00 0.19 0.19 38300 SOSA 21-18 (N) 400 0.0011486900 54.94 0.00 -0.50 -27.47 -27.47 02/01/2014 Weld RM CO 000 0.000 -001 -0.33 -0.33 38300 SOSA 21-18 (N) 400 0.0011486900 4665 0.00 0.79 36.85 36.85 03/01/2014 Weld RM CO 000 0.000 0.01 0.44 0.44 38300 SOSA 21-18 (N) 400 0.0011486900 41.42 0.00 -0.57 -23.61 -23.61 03/01/2014 Weld RM CO 000 0.000 -0.01 -0.29 -0.29 38300 SOSA 21-18 (N) 400 00011486900 47.64 0.00 0.72 34.30 34.30 04/01/2014 Weld RM CO 0.00 0.000 0.01 0.41 0.41 38300 SOSA 21-18 (N) 400 0.0011486900 43.69 0.00 -0.52 -22.72 -22.72 04/01/2014 Weld RM CO 0.00 0,000 -0.01 -0.27 -0.27 38300 SOSA 21-18 (N) 400 00011486900 45.81 0.00 0.67 30.69 30.69 05/01/2014 Weld RM CO 0.00 0.000 0.01 0.37 0.37 38360 SOSA21-18 (N) 400 0.0011486900 36.60 0.00 -0.48 -17.57 -17.57 05/01/2014 Weld RM CO 0.00 0.000 -0.01 -0.21 -0.21 38300 SOSA 21-18 (N) 400 0.0011486900 4706 0.00 0.63 29.65 29.65 06/01/2014 Weld RM CO 0.00 0.000 0.01 0.36 0.36 38300 SOSA21-18 (N) 400 0.0011486900 37.51 0.0C -0.45 •16.88 -16.88 06/01/2014 Weld RM CO 0.00 0.000 -0.01 -0.20 -0.20 38300 SOSA21-18(N) 400 0.0011486900 31.10 0.0C 0.70 21.77 21.77 12/01/2016 Weld RM CO 0.00 0.000 0.01 0.26 0.26 Page 26 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Wen Gross Vol (mcp Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date Count y Int Type State MMBTU Avg Price BTU Factor Owner Vol (mc1) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 38300 - SOSA 21-18 (N) Subtotal: 1.80 0.00 -004 1.84 38343 SOSA 12-18 (C) 200 0.0011486900 3.55 25.67 25.67 91.19 8.67 03 82.52 01/01/2013 Weld RM CO 3.55 1.000 0.31 1.10 0.10 1.00 38343 SOSA 12-18 (C) 200 0.0011486900 3.49 -28.44 -26.00 -90.64 -8.68 03 -81.96 01/01/2013 Weld RM CO 3.19 1.094 -0.31 -1.09 -0.10 -0.99 38343 SOSA 12-18 (C) 200 0.0011486900 3.50 30.08 30.08 105.24 10.47 03 94.77 02/01/2013 Weld RM CO 3.50 1.000 0.36 1.27 0.13 1.14 38343 SOSA 12-18 (C) 200 0.0011486900 3.48 -33.91 -31.00 -107.86 -1049 03 -97.37 02/0112013 Weld RM CO 3.18 1.094 -0.37 -1.30 -0.13 -1.17 38343 SOSA 12-18 (C) 200 0.0011486900 3.73 16.97 16.97 63.34 6.12 03 57.22 08/01)2013 Weld RM CO 3.73 1000 0.20 076 0.07 0.69 38343 SOSA 12-18 (C) 200 0.0011486900 3.74 -19.41 -17.04 -6370 -6.12 03 -57.58 08/01/2013 Weld RM CO 3.28 1.139 -0.20 -077 -0.07 -0.70 38343 SOSA 12-18 (C) 200 0.0011486900 3.68 17.70 1770 65.09 6.34 03 58.34 09/01/2013 Weld RM CO 3.68 1.000 0.21 0.78 0.08 0.69 0.41 15 0.01 38343 SOSA 12-18 (C) 200 00011486900 3.68 -19.45 -17.26 -63.55 -6.34 03 -57.21 09/01/2013 Weld RM CO 3.27 1.127 -0.21 -0.76 -0.08 -0.68 38343 SOSA 12-18 (C) 200 0.0011486900 3.77 18.97 18.97 71.46 6.78 03 64.68 10/01/2013 Weld RM CO 3.77 1.000 0.23 0.86 0.08 0.78 38343 SOSA 12.18 (C) 200 0.0011486900 3.76 -20.87 -18.60 -69.99 -6.79 03 -63.20 10101/2013 Weld RM CO 335 1.122 -0.22 -0.84 -0.08 -0.76 38343 SOSA 12-18 (C) 200 0.0011486900 4.07 16.39 16.39 66.63 5.85 03 60.78 12/01/2013 Weld RM CO 4.07 1.000 0.20 0.80 0.07 0.73 38343 SOSA 12-18 (C) 200 0.0011486900 4.06 -18.15 -16.26 -66.01 -1.79 03 -64.22 12/01/2013 Weld RM CO 3.64 1.118 -0.20 -0.79 -0.02 -0.77 38343 SOSA 12-18 (C) 200 0.0011486900 488 11.80 11.80 57.63 4.36 03 53.27 01/01/2014 Weld RM CO 4.88 1.000 0.14 0.69 0.05 0.64 38343 SOSA 12.18 (C) 200 0.0011486900 4.89 -13.21 -11.83 -57.80 -4.37 03 -53.43 01/01/2014 Weld RM CO 4.38 1.117 -0.14 -0/0 -0.05 -0.65 38343 SOSA 12-18 (C) 200 0.0011486900 6.01 1502 15.02 90.26 477 03 85.49 0210112014 Weld RM CO 6.01 1,000 0.18 1.09 006 1.03 38343 SOSA 12-18 (C) 200 0.0011486900 6.29 -14,46 -12.17 -76.59 -4.78 03 -71.81 02/01/2014 Weld RM CO 5.30 1.188 -0.15 -0.92 -0.06 -0.86 38343 SOSA 12-18 (C) 200 0.0011486900 5.90 13.92 13.92 82.07 5.26 03 7681 03/01/2014 Weld RM CO 5.90 1.000 0,17 0.99 0.06 0.93 38343 SOSA 12-18 (C) 200 0.0011486900 6.26 -16.01 -13.36 -83.59 -4.76 03 -78.83 03/01/2014 Weld RM CO 5.22 1.198 -0.16 -1.01 -0.06 -0.95 38343 SOSA 12-18 (C) 200 0.0011486900 4.92 1185 11.85 58.31 4.50 03 51.03 05/01/2014 Weld RM CO 4.92 1.000 0.14 0.70 0.05 0.62 2.78 15 003 38343 SOSA 12-18 (C) 200 0.0011486900 5.19 -13.12 -11.28 -58.55 -4.50 03 -54.05 05/01/2014 Weld RM CO 4.46 1163 -0.14 -0.70 -005 -0.65 38343 SOSA 12-18 (C) 200 0.0011486900 4.88 11.23 11.23 54.81 4.37 03 50.44 06/01/2014 Weld RM CO 4.88 1.000 0.13 066 0.05 0.61 38343 SOSA 12-16 (C) 200 0.0011486900 4.89 -13.62 -11.56 -56.51 -4.37 03 -52.14 06/01/2014 Weld RM CO 4.15 1.178 -0.14 -0.68 -0.05 -0.63 38343 SOSA 12-18 (C) 200 0.0011486900 3.17 16.02 16.02 50.74 5.95 03 44.79 12/01/2016 Weld RM CO 3.17 1.000 0.19 0.61 0.07 0.54 38343 SOSA 12-18 (C) 300 0.0011486900 45.93 0.00 19.42 891.97 891.97 12/0112016 Weld RM CO 0.00 0.000 0,02 1.02 1.02 38343 SOSA 12-18 (C) 400 0.0011486900 51.11 0.00 '-167 85.35 85.35 01/01/2013 Weld RM CO 0.00 0.000 0.02 1.03 1.03 38343 SOSA 12-18 (C) 400 00011486900 51.98 0.00 -1.93 -100.32 -100.32 01/01/2013 Weld RM CO 0.00 0.000 -0.02 -1.21 -121 38343 SOSA 12-18 (C) 400 0.0011486900 43.59 0.00 2.97 129.45 129.45 02/01/2013 Weld RM CO 0.00 0.000 0.04 1.56 1.56 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com age QRA Check Number: Check Date: Check Amount: Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcf) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date my Int Type State MMBTU Avg Price BTU Factor Owner Vol (mc0 Owner Gross Value S Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 38343 SOSA 12-18 (C) 400 0.0011486900 44.10 O00 -2.45 -108.04 -108.04 02/01/2013 Weld RM CO 0.00 O000 -0O3 -1.30 -1.30 38343 SOSA 12-18 (C) 400 0.0011486900 40.13 0.00 2.64 105.93 105.93 03/01/2013 Weld RM CO 0.00 0.000 0.03 1.27 1.27 38343 SOSA 12-18 (C) 400 0.0011486900 40O7 0.00 -2.29 -91.78 -91.76 03/01/2013 Weld RM CO 0.00 0.000 -0.03 -1.10 -1.10 38343 SOSA 12-18 (C) 400 0.0011486900 37.94 0.00 2.41 91.43 91.43 04/01/2013 Weld RM CO 0.00 0.000 0.03 1.10 1.10 38343 SOSA 12-18 (C) 400 0.0011486900 37.50 0.00 -2.12 -79.51 -79.51 04/01/2013 Weld RM CO 0.00 0.000 -0.03 -0.96 -0.96 38343 SOSA 12-18 (C) 400 0.0011486900 34.57 0.00 2.53 8747 87.47 05/01/2013 Weld RM CO 0.00 0.000 0.03 1.05 1.05 38343 SOSA 12-18 (C) 400 0.0011486900 38.78 0.00 -2.07 -80.27 -80.27 05/01/2013 Weld RM CO 0.00 0.000 -0.03 -0.97 -0.97 38343 SOSA 12-18 (C) 400 0O011486900 33.12 0.00 2.32 76.83 78.83 06/01/2013 Weld RM CO 0.00 0.000 0.03 0.92 0.92 38343 SOSA 12-18 (C) 400 0O011486900 38.26 0.0C -2.02 -77.28 -77.28 06/01/2013 Weld RM CO 0.00 0.000 -0.03 -0.93 -0.93 38343 SOSA 12-18 (C) 400 0.0011486900 36.15 0.00 2.13 77.01 77.01 07/01/2013 Weld RN CO 0.00 0.000 0.03 0.93 0.93 38343 SOSA 12-18 (C) 400 0.0011486900 39.36 0.00 -1.90 -74.79 -74.79 07/01/2013 Weld RN CO 0.00 0.000 -0.02 -0.90 -0.90 38343 SOSA 12-18 (C) 400 0.0011486900 42.07 0.0C 1.90 79.93 79.93 08/01/2013 Weld RM CO 0O0 0.000 O02 0.96 0.96 38343 SOSA 12-18 (C) 400 0.0011486900 4271 0.00 -1.64 -70.04 -70.04 08/01/2013 Weld RM CO 0.00 0.000 -0.02 -0.84 -0.84 38343 SOSA 12-18 (C) 400 0.0011486900 39.78 0.00 1.80 71.60 71.60 09/01/2013 Weld RM CO 0.00 0.000 0.02 0.86 0.86 38343 SOSA 12-18 (C) 400 0.0011486900 42.33 0.00 -1.88 -79.58 -79.58 09/01/2013 Weld RM CO 0.00 0.000 -0.02 -0.96 -0.96 38343 SOSA 12-18 (C) 400 0O011486900 41.69 0.00 1.94 80.87 80.87 10/01/2013 Weld RM CO 0.00 0.000 0.02 0.97 0.97 38343 SOSA 12-18 (C) 400 0.0011486900 43.59 0.00 -2.02 -88.06 -88.06 10/01/2013 Weld RM CO 0.00 0.000 -003 -1.06 -1.06 38343 SOSA 12-18 (C) 400 0.0011486900 43.39 0.00 1.47 63.79 63.79 11/01/2013 Weld RM CO 0O0 0.000 0.02 0.77 0.77 38343 SOSA 12-18 (C) 400 0O011486900 45.18 0.0C -1.21 -54.67 -54.67 11/01/2013 Weld RM CO 0.00 0.000 -0.02 -0.66 -0.66 38343 SOSA 12-18 (C) 400 0.0011486900 4675 0.00 169 79.00 79.00 12/01/2013 Weld RM CO 0.00 0.000 0.02 0.95 0.95 38343 SOSA 12-18 (C) 400 0.0011486900 48.06 0 00 -1.45 -69.68 -69.88 12/01/2013 Weld RM CO 0.00 0.000 -0.02 -0.84 -0.84 38343 SOSA 12-18 (C) 400 0.0011486900 52.88 0.00 1.31 69.27 69.27 01/01/2014 Weld RM CO 0.00 0.000 0.02 0.83 0.83 38343 SOSA 12-18 (C) 400 0.0011486900 52.50 0.00 -1.10 -57.75 -57.75 01/01/2014 Weld RM CO 0.00 0.000 -0.01 -070 -0,70 38343 SOSA 12-18 (C) 400 0.0011486900 54.28 0.00 0.68 36.91 36,91 02/01/2014 Weld RM CO 0.00 0.000 0.01 0.44 0.44 38343 SOSA 12-18 (C) 400 0.0011486900 54O8 0.00 -1.17 -63.27 -63.27 02/01/2014 Weld RM CO 0O0 0.000 -0O1 -0.76 -0.76 38343 SOSA 12-18 (C) 400 0.0011486900 46.64 0.00 1.82 84.88 84.88 03/01/2014 Weld RN I. CO 0.00 0.000 0.02 1.02 1.02 38343 SOSA 12-18 (C) 400 0.0011486900 41.59 0.00 -1.31 -5448 -5448 03/01/2014 Weld RN CO 0.00 0.000 -0O2 -0.66 -086 38343 SOSA 12-18 (C) 400 0.0011486900 4769 0.o0 1.66 79.17 79.17 04/01/2014 Weld RM CO 0O0 0.000 0O2 0.95 0.95 38343 SOSA 12-18(C) 400 0.0011486900 43.31 0.00 -1.21 -52.41 -52,41 04/01/2014 Weld RM CO 0.00 0.000 -0.02 -0.63 -0.63 Page 28 QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcf) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date County lnt Type State MMBTU Avg Price BTU Factor Owner Vol (mc0 Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 38343 SOSA 12-18 (C) 400 0.0011486900 4564 0.00 1.55 70.74 70.74 05/01/2014 Weld RM CO 0O0 0.000 0.02 0.85 0.85 38343 SOSA 12-18 (C) 400 0.0011486900 36.78 0.00 -1.10 -40.46 -40.46 05/01/2014 Weld RM CO 0.00 0.000 -0O1 -0.49 -049 38343 SOSA 12-18 (C) 400 0.0011486900 47.09 0.00 1.45 68.28 68.28 06/01/2014 Weld RM CO 0.00 0.000 0.02 0.82 0.82 38343 SOSA 12-18 (C) 400 0O011486900 36.37 0.00 -1.07 -38.92 -38.92 06/01/2014 Weld RM CO 0.00 0.000 -0.01 -0.47 -0.47 38343 SOSA 12.18 (C) 400 0.0011486900 31.02 0.00 1.62 50.26 50.26 12/01/2016 Weld RM CO 0.00 0.000 0.02 0.60 0.60 38343 - SOSA 12-18 (C) Subtotal: 4.21 0.00 0.16 4.05 38344 SOSA 12-18 (N) 200 0.0011486900 3.50 12.88 12.88 45.06 4.48 03 40.58 02/01/2013 Weld RM CO 3.50 1.000 0.15 0.54 0.05 0.49 38344 SOSA 12-16 (N) 200 0.0011486900 3.55 -14.22 -13.00 -46.15 -4.49 03 -41.66 02/01/2013 Weld RM CO 3.25 1.094 -0.16 -0.56 -005 -0.51 38344 SOSA 12-18 (N) 200 0.0011466900 4.19 10.55 10.55 44.21 3.71 03 40.50 04/01/2013 Weld RM CO 4.19 1.000 0.13 0.53 0.05 0.48 38344 SOSA 12.18 (N) 200 0.0011486900 4.19 -11.84 -10.63 -44.59 -3.72 03 -40.87 04/01/2013 Weld RM CO 3.77 1.114 -0.13 -0.54 -0.05 -0.49 38344 SOSA 12-18 (N) 200 0.0011486900 4.33 10.08 10.08 43.61 3.66 03 39.95 05/01/2013 Weld RM CO 4.33 1.000 0.12 O53 0.04 0.49 38344 SOSA 12-18 (N) 200 0.0011486900 4.34 -11.62 -10.29 -44.62 -3,67 03 -40.95 05/01/2013 Weld RM CO 3.84 1.129 -0.12 -0.54 -0.04 -0.50 38344 SOSA 12-18 (N) 200 0.0011486900 3.68 7.61 7.61 27.99 2.72 03 25.10 09/01/2013 Weld RM CO 368 1,00C 0.09 0.34 0.03 0.31 0.17 15 0.00 38344 SOSA 12-18 (N) 200 0.0011486900 3.68 -8.36 -741 -27.30 -2.72 03 -24.58 09/01/2013 Weld RM CO 3.27 1.128 -0.09 -O33 -0.03 -0.30 38344 SOSA 12-18 (N) 200 0.0011486900 3.77 8.11 8.11 30.56 2.90 03 27.66 10/01/2013 Weld RM CO 3.77 1.000 0.10 0.37 0.04 0.33 38344 SOSA 12-18 (N) 200 0.0011486900 3.76 -8.93 -796 -29.96 -2.91 03 -27.05 10/01/2013 Weld RM CO 3.35 1.122 -0.10 -0.36 -0.04 -0.32 38344 SOSA 12-18 (N) 200 0.0011486900 4.06 7O2 7.02 28.51 2.50 03 26.01 12/01/2013 Weld RM CO 4.06 1.000 0.08 0.34 0.03 0.31 38344 SOSA 12-18 (N) 200 0.0011486900 4.06 -7.78 -6.97 -28.30 -0.16 03 -28.14 12/01/2013 Weld RM CO 3.64 1.116 -0.08 -0.34 0.00 -0.34 38344 SOSA 12-18 (N) 200 0.0011486900 6.01 6.43 6.43 38.62 2.04 03 36.58 02/01/2014 Weld RM CO 6.01 1.000 0.08 0.46 0.03 0.43 38344 SOSA 12-18 (N) 200 0.0011486900 6.29 -6.19 -5.21 -32.79 -2.05 03 -30.74 02/01/2014 Weld RM CO 5.30 1.188 -0.06 -0.39 -0.03 -0.36 38344 SOSA 12-18 (N) 200 0.0011486900 5.89 5.95 5.95 35.05 2.25 03 32.80 03/01/2014 Weld RM CO 5.89 1.000 0.07 0.42 0.03 0.39 38344 SOSA 12-18 (N) 200 0.0011486900 6.26 -6.84 -5.71 -35.73 -4.72 03 -31.01 03/01/2014 Weld RM CO 5.22 1.198 -0.07 -0.43 -0.06 -0.37 38344 SOSA 12-18 (N) 200 0.0011486900 4.80 5.46 5.46 26.19 2.06 03 24.13 04/01/2014 Weld RM CO 4.80 1.000 0.07 0.31 0.03 0.28 38344 SOSA 12-18 (N) 200 0.0011486900 4.93 -6.24 -5.36 -26.45 -2.07 03 -2438 04/01/2014 Weld RM CO 4.24 1.164 -0.06 -0.32 -0.03 -029 38344 SOSA 12-18 (N) 200 0.0011486900 4.92 5.08 5.08 24.99 1.93 03 21.88 05/01/2014 Weld RM CO 4.92 1.000 0.06 0.30 0.02 0.27 1.18 15 0.01 38344 SOSA 12-18 (N) 200 0.0011486900 5.19 -5.62 -4.83 -25.06 -1.93 03 -23.13 05/0112014 Weld RM CO 4.46 1.164 -0.06 -0.30 -0.02 -0.28 38344 SOSA 12-18 (N) 200 0.0011486900 4.88 4.80 4.80 23.44 1.87 03 21.57 06/01/2014 Weld RM CO 488 1.000 0.06 0.28 0.02 0.26 38344 SOSA 12-18 (N) 200 0.0011486900 4.89 -5.83 -4.95 -24.19 -1.87 03 -22.32 06/01/2014 Weld RM CO 4.15 1.178 -0.06 -0.29 -0.02 -027 Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Page 29 QRA Check Number: Check Date: Check Amount: Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (met) Well Gross Value 5 Well San Tax S Tax Type Cd Well Deducts S Ded Cd Well Net Value S Sales Date County lot Type Slate MMBTU Avg Price BTU Factor Owner Vol (mcf) Owner Gross Value S Owner Sev Tax S Owner Deducts S Owner Net Value S 38344 SOSA 12-18 (N) 200 0.0011486900 4 65 3.48 3.48 16.17 1.28 03 14.89 07/01/2014 Weld RM CO 465 1.000 0.04 0.19 0.02 0.17 38344 SOSA 12-18 (N) 200 0.0011486900 4.48 -3.95 -3.68 -16.50 -1.28 03 -15.22 07/01/2014 Weld RM CO 4.18 1.073 -0.05 -0.20 -0.02 -0.18 38344 SOSA 12-18 (N) 200 0.0011486900 3 17 6.85 6.85 21.70 2.55 03 19.15 12/01/2016 Weld RM CO 317 1.000 0.08 0.26 0.03 0.23 38344 SOSA 12-18 (N) 300 0.0011486900 45.93 0.00 8.42 386.74 386.74 12/01/2016 Weld RM CO 0.00 0.000 0.01 0.44 0.44 38344 SOSA 12-18 (N) 400 0.0011486900 50.76 0.00 0.72 36.55 36.55 01/01/2013 Weld RM CO 0.00 0.000 0.01 0.44 0.44 38344 SOSA 12-18 (N) 400 0.0011486900 51.76 0.00 -0.83 -42.96 -42.96 01/01/2013 Weld RM CO 0.00 0.000 .0.01 -0.52 -0.52 38344 SOSA 12-18 (N) 400 0.0011486900 43.65 000 1.27 5543 55.43 02/01/2013 Weld RM CO 0.00 0.000 0O2 0.87 0.67 38344 SOSA 12-18 (N) 400 0.0011486900 44.04 0.00 -1.05 -46.24 -46.24 02/01/2013 Weld RM CO 000 0.000 -0.01 -0.56 -0.56 38344 SOSA 12-18 (N) 400 0.0011486900 40.12 0.00 1.13 45.33 45.33 03/01/2013 Weld RM CO 0.00 0.000 0.01 0.55 0.55 38344 SOSA 12-18 (N) 400 0.0011486900 40.10 0.00 -0.98 -39.30 -39.30 03/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.47 -0.47 38344 SOSA 12-18 (N) 400 0.0011486900 38.01 0.00 1.03 39.15 39.15 04/01/2013 Weld RM CO 0.00 0.000 0.01 0.47 0.47 38344 SOSA 12-18 (N) 400 0.0011488900 37.84 0.00 -0.90 -34.06 -34O6 04/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.41 -0.41 38344 SOSA 12-18 (N) 400 0.0011486900 34.37 0.00 1.09 37.46 37.46 05/01/2013 Weld RM CO 0.00 0.000 0.01 0.45 0.45 38344 SOSA 12-18 (N) 400 0.0011486900 39.09 0.00 -0.88 -34.40 -34.40 05/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.41 -0.41 38344 SOSA 12-18 (N) 400 0O011486900 36.21 0.00 0.91 32.95 3295 07/01/2013 Weld RM CO 0.00 0.000 0.01 0.40 0.40 38344 SOSA 12-18 (N) 400 0.0011486900 39.52 0.00 -0.81 -32O1 -32.01 07/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.39 -0.39 38344 SOSA 12-18 (N) 400 0.0011486900 42.25 0.00 0.81 34.22 34.22 08/01/2013 Weld RM CO 0O0 0.000 0.01 041 0.41 38344 SOSA 12-18 (N) 400 0.0011486900 4225 0.00 -0.71 -30.00 -30.00 08/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.36 -0.36 38344 SOSA 12-18 (N) 400 0.0011486900 3995 0.00 0.77 30.76 30.76 09/01/2013 Weld RM CO 0.00 0.000 0O1 0.37 0.37 38344 SOSA t2-18 (N) 400 0.0011486900 42.19 0.00 -0.81 -34.17 -34.17 09/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.41 -0.41 38344 SOSA 12-18 (N) 400 0.0011486900 41.72 0.00 0.83 34.63 34,63 10/01/2013 Weld RM CO O00 0.000 0.01 0.42 042 38344 SOSA 12-18 (N) 400 0.0011486900 43.85 0.00 -0.86 -37.71 -37.71 10/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.45 -O45 38344 SOSA 12-18 (N) 400 0.0011486900 43.37 0.00 0.63 27.32 27.32 11/01/2013 Weld RM CO 0O0 0.000 0.01 0.33 0.33 38344 SOSA 12-18 (N) 400 0.0011486900 4494 0,05 -0.52 -23.37 -23.37 11/01/2013 Weld RM CO 0O0 O000 -0.01 -0.28 -0.28 38344 SOSA 12.16 (N) 400 0.0011486900 46.99 0.00 0.72 33.83 33.83 12/01/2013 Weld RM CO 0.00 0.000 0.01 0.41 0.41 38344 SOSA 12-18 (N) 400 O0011486900 48.06 0.00 -062 -29.80 -29.80 12/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.36 -0.36 38344 SOSA 12-18 (N) 400 0.0011486900 53.27 0.00 0.56 29.83 29.83 01/01/2014 Weld RM CO 0O0 0.000 0.01 0.36 0.36 38344 SOSA 12-18 (N) 400 0.0011486900 51.63 0.00 -0.48 -24.78 -24.78 01/01/2014 Weld RM CO 0O0 0.000 -0.01 -0.30 -0.30 38344 SOSA 12-18 (N) 400 0.0011486900 5455 0.00 0.29 15.82 15.82 02/01/2014 Weld RM CO 0O0 0O00 0.00 0.19 0.19 Page 30 -QRA Check Number: Check Date: Check Amount: WB11 Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (met) Well Gross Value $ Well Sev Tax E Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date County lot Type Stale MMBTU Avg Price BTU Factor Owner Vol (met) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 38344 SOSA 12-18 (N) 400 00011486900 54.24 0.00 -0.50 -27.12 -27.12 02101/2014 Weld RM CO 0.00 0.004 -0.01 -0.33 -0.33 38344 SOSA 12-18 (N) 400 0.0011486900 46.56 0.00 0.78 36.32 36.32 03(01/2014 Weld RM CO 0.00 0.000 0.01 0.44 0.44 38344 SOSA 12.18 (N) 400 0.0011486900 42.36 0.00 -0.55 -23.30 -23.30 03/01(2014 Weld RM CO 0.00 0.000 -0.01 -0.28 -0.28 38344 SOSA 12-18 (N) 400 0.0011486900 47.70 0.00 0.71 33.87 33.87 04/01/2014 Weld RM CO 0.00 0.000 0.01 0.41 0.41 38344 SOSA 12-18 (N) 400 0.0011486900 43.15 0.00 -0.52 -22.44 -22.44 04/01/2014 Weld RM CO 000 0.000 -0.01 -0.27 -0.27 38344 SOSA 12-18 (N) 400 0.0011486900 45.91 0.00 0.66 30.30 30.30 05/01/2014 Weld RM CO 0.00 0.000 0.01 0.36 0.36 38344 SOSA 12-18 (N) 400 0.0011486900 36.13 0.00 -0.48 -17.34 -17.34 05/0112014 Weld RM CO 0.00 0.000 -0.01 -0.21 -021 38344 SOSA 12-18 (N) 400 0.0011486900 47.11 0.00 0.62 29.21 29.21 06/01/2014 Weld RM CO 0.00 0.000 0.01 0.35 0.35 38344 SOSA 12-18 (N) 400 0.0011486900 37.07 0.00 -0.45 -16.68 -16.68 06/01/2014 Weld RM CO 0.00 0.000 -0.01 -0.20 -020 38344 SOSA 12-18 (N) 400 0.0011486900 31.16 0.00 0 69 21.50 21.50 12/01/2016 Weld RM CO 0.00 0.000 001 0.26 0.26 38344 - SOSA 12-18 (N) Subtotal: 1.79 0.00 0.04 1.75 38675 SOSA 22-18 (C) 200 0.0011486900 3.55 27.52 27.52 97.75 9.29 03 88.46 01/01/2013 Weld RM CO 3.55 1.004 0.33 1.18 0.11 1.07 38675 SOSA 22-18 (C) 200 0.0011486900 3.60 -29.54 -27.00 -97.17 -9.30 03 -87.87 01/01/2013 Weld RM CO 3.29 1.094 -0.32 -1.17 -0.11 -1.06 38675 SOSA 22-18 (C) 200 0.0011486900 3.50 32.24 32.24 112.82 11.23 03 101.59 02/01/2013 Weld RM CO 3.50 1.000 0.39 1.36 0.13 123 38675 SOSA 22-18 (C) 200 00011486900 3.50 -36.10 -3300 -115.57 -11.24 03 -104.33 02/01/2013 Weld RM CO 3.20 1.094 -0.40 -1.39 -0.13 -1.26 38675 SOSA 22-18 (C) 200 0.0011486900 4.19 -26.40 -26.40 -110.69 -110.69 04/01/2013 Weld RM CO 4.19 1.000 -0.32 -1.22 -1.22 38675 SOSA 22-18 (C) 200 0.0011486900 4.33 25.19 25.19 10901 9.16 03 99.85 05/01/2013 Weld RM CO 4.33 1.000 0.30 1.31 0.11 1.20 38675 SOSA22-16(C) 200 0.0011486900 4.34 -29.05 -25.73 -111.59 -9.17 03 -102.42 05/01/2013 Weld RM CO 3.84 1.129 -0.31 -1.34 -0.11 -1.23 38675 SOSA 22-18 (C) 200 0.0011486900 3.68 1898 18.98 69.79 6.79 03 62.55 09/01/2013 Weld RM CO 3.68 1.000 023 0.84 0.08 0.75 0.45 15 0.01 38675 SOSA 22-18 (C) 200 0.0011486900 3.68 -20.86 -18.51 -68.16 -6.80 03 -61.36 09/01/2013 Weld RM CO 3.27 1.127 -0.22 -0.82 0.08 -0.74 38675 SOSA 22-18 (C) 200 0.0011486900 3.77 20.31 20.31 76.53 7.27 03 69.26 10/01/2013 Weld RM CO 3.77 1.000 0.24 0.92 0.09 0.83 38675 SOSA22-18(C) 200 0.0011486900 3.76 -22.36 -19.93 -75.02 -7.27 03 -67.75 10/01/2013 Weld RM CO 3.36 1.122 -0.24 -0.90 -0.09 -0.81 38675 SOSA 22-18 (C) 200 0.0011486900 4.06 17.57 17.57 71.40 6.27 03 65.13 12/01/2013 Weld RM CO 4.06 1.000 0.21 086 0.08 0.78 38675 SOSA 22-18 (C) 200 0.0011486900 4.06 -19.46 -17.44 -70.81 -0.50 03 -70.31 12/01/2013 Weld RM CO 364 1.116 -0.21 -0.85 -0.01 -0.84 38675 SOSA22-18(C) 200 0.0011486900 6.01 16.11 16.11 96.78 5.11 03 91.67 02/01/2014 Weld RM CO 6.01 1.000 0.19 1.16 0.06 1.10 38675 SOSA 22-18 (C) 200 0.0011486900 6.29 -15.50 -13.05 -82.10 -5.12 03 -76.98 02/01/2014 Weld RM CO 5.30 1.188 -0.16 -099 -0.06 -0.93 38675 SOSA 22-18 (C) 200 0.0011466900 5.90 14.92 1492 8798 5.64 03 82.34 03/01/2014 Weld RM CO 5.90 1.000 0.18 1.06 0.07 0.99 38675 SOSA 22-18 (C) 200 00011486900 6.26 -17.14 -14.31 -89.54 -491 03 -84.63 03/01/2014 Weld RM CO 5.22 1.198 -0.17 -1.08 -0.06 -1.02 Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com age QRA Check Number: Check Date: Check Amount: Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mc0 Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Dale Count y int Type State MMBTU Avg Price BTU Factor Owner Vol (met) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 38675 SOSA 22-18 (C) 200 0.0011486900 4.80 13.67 13.67 65.57 5.17 03 60.40 04/01/2014 Weld RM CO 4.80 1.000 0.16 0.79 0.06 0.73 38675 SOSA 22-18(C) 200 0.0011486900 4.93 -15.61 -13.42 -66.16 -5.17 03 -60.99 04/01/2014 Weld RM CO 4.24 1,163 -0.16 -0.80 -0.06 -0.74 38675 SOSA 22-18 (C) 200 0.0011486900 4.92 12.70 12.70 62.52 4.82 03 54.72 05/01/2014 Weld RM CO 4.92 1.000 0.15 0.75 0.06 065 2.98 15 0.04 38675 SOSA 22-18 (C) 200 0.0011486900 5.19 -14.08 -12.09 -62.74 -4.63 03 -57.91 05/01/2014 Weld RM CO 4.46 1.163 -0.15 -0.75 -0.06 -0.69 38675 SOSA 22-18 (C) 200 0.0011486900 4.88 12.02 12.02 5867 4.68 03 53.99 06/01/2014 Weld RM CO 4.88 1.000 0.14 0.71 0O6 0.65 38675 SOSA 22-18 (C) 200 0.0011486900 4.89 -14.61 -12.40 -60.62 -4.69 03 -55.93 06/01/2014 Weld RM CO 4.15 1.178 -0.15 -0.73 -0.06 -0.67 38675 SOSA 22-18 (C) 200 0.0011486900 4.64 8.7-" 8.73 40.53 3.19 03 37.34 07/01/2014 Weld RM CO 4.64 1.000 0.10 0.49 0.04 0.45 38675 SOSA 22-18 (C) 200 0.0011486900 4.49 -9.89 -9.21 -41.32 -3.19 03 -38.13 07/01/2014 Weld RM CO 4.18 1.074 -0.11 -0.50 -0.04 -0.46 38675 SOSA 22-18 (C) 200 0.0011486900 3.17 17.18 17.18 54.40 6.38 03 48O2 12/01/2016 Weld RM CO 3.17 1.000 0.21 0.65 0O8 0,57 38675 SOSA 22-18 (C) 300 0.0011486900 4593 0.00 18.18 835.02 835.02 12/01/2016 Weld RM CO 0.00 0.000 0.02 0.96 0,96 38675 SOSA 22.18 (C) 400 0.0011486900 51.12 0.00 1.79 91.51 91.51 01/01/2013 Weld RM CO 0.00 0.000 0.02 1.10 1.10 38675 SOSA 22-18 (C) 400 0.0011486900 51.97 0.00 -2O7 -107.57 -107.57 01/01/2013 Weld RM CO 0.00 0.000 -0.03 -1.29 -1.29 38675 SOSA 22-18(C) 400 0.0011486900 4364 0.00 3.18 738.76 138.76 02/01f2013 Weld RM CO 0.00 0.000 0.04 1.67 1.67 38675 SOSA 22-18 (C) 400 0.0011486900 44.19 0.00 -2.62 -115.78 -115.78 02/01/2013 Weld RM CO 0.00 0.000 -0.03 -1.39 -1.39 38675 SOSA 22-18 (C) 400 0.0011486900 40.12 0.00 2.83 113.54 113.54 03/01/2013 Weld RM CO 0.00 0.000 0.04 1.37 1.37 38675 SOSA 22-18 (C) 400 0.0011486900 40.16 0.00 -2.45 -98.39 -98.39 03/01/2013 Weld RM CO 0.00 0.000 -0.03 -1.18 -1.18 38675 SOSA 22.18 (C) 400 0.0011486900 37.98 0.00 2.58 97.99 97.99 04/01/2013 Weld RM CO 0.00 0.000 0.03 1.18 1.18 38675 SOSA 22-18 (C) 400 0.0011486900 37.73 0.00 -2.26 -85.26 -85.26 04/01/2013 Weld RM CO 0.00 0.000 -0.03 -1.03 -1.03 38675 SOSA 22-18 (C) 400 0.0011486900 34.55 0.00 2.71 93.63 93.63 05/01/2013 Weld RM CO 0.00 0.000 0.03 1.13 1.13 38675 SOSA 22-18 (C) 400 0.0011486900 38.38 0.00 -2.24 -85.98 -85.98 05/01/2013 Weld RM CO 0.00 0.000 -0.03 -1.03 -1.03 38675 SOSA 22-18 (C) 400 0.0011486900 33O8 0 o1 2.49 82.38 82.38 06/01/2013 Weld RM CO 0.00 0.000 0.03 0.99 0.99 38675 SOSA 22-18 (C) 400 0O011486900 37.82 0.00 -2.19 -82.83 -82.83 06/01/2013 Weld RM CO O00 0.000 -0.03 -1.00 -1.00 38675 SOSA 22-18 (C) 400 0.0011486900 36.20 0.00 2.28 82.54 82.54 07/01/2013 Weld RM CO 0.00 0.000 0.03 0.99 0.99 38675 SOSA 22-18 (C) 400 0.0011488900 39.70 0O0 -2O2 -80.19 -80.19 07/01/2013 Weld RM CO 0.00 0.000 -0.03 -0.96 -0.96 38675 SOSA 22-18 (C) 400 0.0011486900 42.19 0.00 2.03 85.65 85.65 08/01/2013 Weld RM CO 0.00 0.000 0O3 1.03 1.03 38675 SOSA 22-18 (C) 400 0.0011486900 42.66 0.00 -1.76 -75.09 -75.09 08/01/2013 Weld RM CO 0.00 0.000 -0.02 -0.90 -0.90 38675 SOSA 22-18 (C) 400 0.0011488900 39.78 0.0C 193 76.78 76.78 09/01/2013 Weld RM CO 0.00 0.000 0.02 0.92 0.92 38675 SOSA 22-18 (C) 400 0.0011486900 42.25 0.0C -2O2 -85.35 -85.35 09/0112013 Weld RM CO 0.00 0.000 -0.03 -1.03 -1.03 Page 32 QRA Check Number: Check Date: Check Amount: Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcf) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Dale County Int Type State MMBTU Avg Price BTU Factor Owner Vol (mct) Owner Gross Value $ Owner Sev Tax $ Owner Deducts S Owner Net Value $ 38675 SOSA 22-18 (C) 400 0.0011486900 41.68 0.00 2.08 86.69 86.69 10/01/2013 Weld RM CO 0.00 0.000 0.03 1.04 1.04 38675 SOSA 22-18 (C) 400 0.0011486900 43.48 0.00 -2.17 -94.36 -94.36 10/01/2013 Weld RM CO 0.00 0.000 -0.03 -1.14 -1.14 38675 SOSA 22-18 (C) 400 0.0011486900 43.27 0.00 1.58 68.36 68.36 11/01/2013 Weld RM CO 000 0.000 0.02 0.82 0.82 38675 SOSA 22-18 (C) 400 0.0011486900 44.72 0.00 -1.31 -58.58 -58.58 11/01/2013 Weld RM CO 0.00 0.000 -0.02 -0.71 -0.71 38675 SOSA 22-18 (C) 400 0.0011486900 4679 0.00 1.81 84.69 84.69 12/01/2013 Weld RM CO 0.00 0.000 0.02 1.02 1.02 38675 SOSA 22-18 (C) 400 00011486900 48.19 0.00 -1.55 -74.69 -74.69 12/01/2013 Weld RM CO 000 0.000 -0.02 -0.90 -0.90 38675 SOSA 22-18 (C) 400 00011486900 53.06 0.00 1,40 74.28 74.28 01/01/2014 Weld RM CO 0.00 0.000 0.02 0.89 0.89 38675 SOSA 22-18 (C) 400 0.0011486900 52.89 O.00 -1.17 -61.88 -61.88 01/01/2014 Weld RM CO 0.00 0.000 -0.01 -0.74 -0.74 38675 SOSA 22-18 (C) 400 0.0011486900 54.19 0.00 0.73 39.56 39.56 02/01/2014 Weld RM CO 0.00 0.000 001 0.48 0.48 38675 SOSA 22-18 (C) 400 0.0011486900 54.70 0.00 -1.24 -67.83 -67.83 02/01/2014 Weld RM CO 0.00 0.000 -0.02 -0.82 -0.82 38675 SOSA 22-18 (C) 400 0.0011486900 46.65 0.00 1.95 90.97 90.97 03/01/2014 Weld RM CO 0.00 0.000 0.02 1.09 1.09 38675 SOSA 22-18 (C) 400 0.0011486900 42.30 0.00 -1.38 -58.37 -58.37 03/01/2014 Weld RM CO 0.00 0.000 -0.02 -0.70 -0.70 38675 SOSA 22-18 (C) 400 0.0011486900 47.66 0.00 178 84.83 84.83 04/01/2014 Weld RM CO 0.00 0.000 002 1.02 1.02 38675 SOSA 22-18 (C) 400 0.0011486900 42.88 0.00 -1.31 -56.17 -56.17 04/01/2014 Weld RM CO 0.00 0.000 -0.02 -0.68 •0.68 38675 SOSA 22-18 (C) 400 0.0011486900 45.66 0.00 166 75.80 75.80 05/01/2014 Weld RM CO 0.00 0.000 0.02 0.91 0.91 38675 SOSA 22.18 (C) 400 0.0011486900 36.47 0.00 -1.19 .4340 -43.40 05/01/2014 Weld RM CO 0.00 0.000 -0.02 -0.52 -0.52 38675 SOSA 22-18 (C) 400 0.0011486900 46.91 0.00 1.56 73.18 73.18 06/01/2014 Weld RM CO 0.00 0.000 0.02 0.88 0.88 38675 SOSA22-16(C) 400 0.0011486900 3663 0.00 -1.14 -4176 -41.76 06/01/2014 Weld RM CO 0.00 0.000 -0.01 -0.50 -0.50 38675 SOSA 22-18 (C) 400 0.0011486900 30.95 0.00 1.74 53.86 53.86 12/01/2016 Weld RM CO 0.00 0.000 0.02 0.65 0.65 38675 - SOSA 22-18 (C) Subtotal: 3.16 0.00 021 2.95 38677 SOSA 22-18 (N) 200 00011486900 3.50 13.81 13.81 48.33 4.81 03 43.52 02/01/2013 Weld RM CO 3.50 1.000 0.17 0.58 0.06 0.52 38677 SOSA 22-18 (N) 200 0.0011486900 3.54 -15.32 -14.00 -49.55 -4.82 03 -44.73 02/01/2013 Weld RM CO 3.23 1.094 -0.17 -0.60 -0.06 -0.54 38677 SOSA 22-18 (N) 200 0.0011486900 4.19 11.31 11.31 47_42 3.98 02 43.44 04/01/2013 Weld RM CO 4.19 1.000 0.14 0.57 0.05 052 38677 SOSA 22-18 (N) 200 0.0011486900 4.20 -12.69 -11.39 -47.79 -399 03 43.80 04/01/2013 Weld RM CO 3.77 1.114 -0.14 -0.58 -0.05 -0.53 38677 SOSA 22-18 (N) 200 0.0011486900 4.33 10.78 10.79 46.72 3.93 03 42.79 05/01/2013 Weld RM CO 4.33 1.000 0.13 0.56 0.05 0.51 38677 SOSA 22-18 (N) 200 0.0011486900 4.34 -12.48 -11.04 -47.88 -3.93 03. -43.95 05/01/2013 Weld RM CO 3.84 1.130 -0.13 -0.58 -0.05 -0.53 38677 SOSA 22-18 (N) 200 0.0011486900 3.68 8.13 8.13 29.91 291 03 26.83 09/01/2013 Weld RM CO 3.68 1.000 0.10 0.36 004 0.32 0.17 15 0.00 38677 SOSA 22-18 (N) 200 0.0011486900 3.68 -8.93 -7.92 -29.16 -2.91 03 -26.25 09/01/2013 Weld RM CO 3.27 1.128 -0.10 -0.35 -0.04 -0.31 Page 33 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mc0 Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value S Sales Date Coun ty Int Type Stale MMBTU Avg Price BTU Factor Owner Vol (mcf) Owner Gross Value $ Owner Sec Tax $ Owner Deducts $ Owner Net Value $ 38677 SOSA 22-18 (N) 200 0.0011486900 3.77 8.71 8.71 32.81 3.11 03 29.70 10/01/2013 Weld RM CO 3.77 1.000 0.10 0.40 0.04 0.36 38677 SOSA 22-18 (N) 200 0.0011486900 3.76 -9.57 -8.53 -32.11 -3.12 03 -28.99 10/01/2013 Weld RM CO 3.36 1.122 -0.10 -0.39 -0.04 -0.35 38677 SOSA 22-18 (N) 200 0.0011486900 4.07 7.52 7.53 30.62 2.69 03 27.93 12/01/2013 Weld RM CO 4.07 1.000 0.09 0.37 0.03 0.34 38677 SOSA 22-18 (N) 200 0.0011486900 4.06 -8.33 -746 -30.30 -14.87 03 -15.43 12/01/2013 Weld RM CO 3.64 1.117 -0.09 -0.36 -0.18 -0.18 38677 SOSA 22-18 (N) 200 0.0011486900 4.88 5.42 5.42 26.47 2.00 03 24.47 01/01/2014 Weld RM CO 4.88 1.000 0O7 0.32 0.02 0.30 38677 SOSA 22-18 (N) 200 0.0011486900 4.88 -6.06 -543 -26.52 -2.01 03 -24.51 01/01/2014 Weld RM CO 4.38 1.116 -0.07 -0.32 -0.03 -0.29 38877 SOSA 22-18 (N) 200 0.0011486900 6.00 690 690 41.42 2.19 03 39.23 02/01/2014 Weld RM CO 600 1.000 0.08 0.50 0.03 0.47 38677 SOSA 22-18 (N) 200 0.0011486900 6.29 -6.64 -5.59 -35.17 -2.19 03 -32.98 02/01/2014 Weld RM CO 5.30 1.188 -0.07 -0.42 -0.03 -0.39 38677 SOSA 22-18 (N) 200 0.0011486900 5.89 6.40 6.40 37.72 2.41 03 35.31 03/01/2014 Weld RM CO 5.89 1.000 0.08 0.45 0.03 0.42 38677 SOSA 22.18 (N) 200 0.0011486900 6 26 -7.34 -6.13 -38.35 -4.83 03 -33.52 03/01/2014 Weld RM CO 5.22 1.197 -0.07 -046 -0.06 -0.40 38877 SOSA 22-18 (N) 200 0.0011486900 4.92 5.43 5.43 26.72 2.06 03 23.39 05/01/2014 Weld RM CO 492 1.000 0.07 0.32 0.03 0.27 1.27 15 0O2 38677 SOSA22-18 (N) 200 0.0011486900 5.19 -6.02 -5.18 -26.87 -2.07 03 -2480 05/01/2014 Weld RM CO 4.46 1.162 -0.06 -0.32 -0.03 -0.29 38677 SOSA 22-18 (N) 200 0.0011486900 4.88 5.16 5.16 25.18 2.01 03 23.17 06/01/2014 Weld RM CO 4.88 1.000 0.06 0.30 0.03 0.27 38677 SOSA 22-18 (N) 200 0.0011486900 4.88 -6.24 -5.30 -25.89 -2.01 03 -23.88 06/01/2014 Weld RM CO 4.15 1.177 -0.06 -0.31 -0.03 -0.28 38677 SOSA 22-18 (N) 200 0.0011486900 3.17 7.38 7.36 23.31 2.73 03 20.58 12/01/2016 Weld RM CO 317 1.000 0.09 0.28 0.03 0.25 38677 SOSA 22-18 (N) 300 0.0011486900 45.93 0.00 7.83 359.64 359.64 12/01/2016 Weld RM CO 0_00 0.000 0.01 0.41 0.41 38677 SOSA 22.18 (N) 400 0.0011486900 50.91 0.00 0.77 39.20 39.20 01/01/2013 Weld RM CO 0.00 0O00 0.01 047 0.47 38677 SOSA 22.18 (N) 400 0.0011488900 52.34 0.00 -0.88 -48.06 -46.06 01/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.55 -0.55 38677 SOSA 22-18 (N) 400 O0011486900 43.71 0.00 1.36 5944 59.44 02/01/2013 Weld RM CO 0.00 0.000 0.02 0.72 0.72 38677 SOSA 22-18 (N) 400 0.0011486900 44.30 0.00 -1.12 -49.62 -49.62 02/01/2013 Weld RM CO 0.00 0.000 -0.01 -060 -0.60 38677 SOSA 22-18 (N) 400 0.0011486900 40.20 0.00 1.21 48.64 48.64 03/01/2013 Weld RM CO 0.00 0.000 0.02 0.59 0.59 38677 SOSA 22-18 (N) 400 0.0011486900 40.14 0.00 -1.05 -42.15 -42.15 03/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.51 -0.51 38677 SOSA 22-18 (N) 400 0.0011486900 37.82 0.00 1.11 41.98 41.98 04/01/2013 Weld RM CO 0.00 0.000 0.01 0.51 0.51 38677 SOSA 22-18 (N) 400 0.0011486900 37.26 0.00 -0.98 -36.51 -36.51 04/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.44 -0.44 38677 SOSA 22-18 (N) 400 0.0011488900 34.60 0.00 1.16 40.14 40.74 05/01/2013 Weld RM CO 0.00 0.000 0.01 048 0.48 38677 SOSA 22-18 (N) 400 O0011486900 38.84 0.00 -095 -36.90 -36.90 05/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.44 -0.44 38677 SOSA 22-18 (N) 400 0.0011486900 32.96 0.0C 1,07 35.27 35.27 06/01/2013 Weld RM CO 0.00 0.000 0.01 0.42 0.42 38877 SOSA 22-18 (N) 400 0.0011486900 38.15 0.00 -O93 -35.48 -3548 06/01/2013 Weld RM CO 0.00 0.000 -0.01 -O43 -0.43 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Page 34 QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entillemenl Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcf) Well Gross Value S Well Sev Tax S Tax Type Cd Well Deducts $ Ded Cd Well Net Value S Sales Date County Int Type State MMBTU Avg Price BTU Factor Owner Vol (mcI Owner Gross Value S Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 38677 SOSA 22-18 (N) 400 0.0011486900 36.08 0.0C 0.98 35.36 35.36 07/01/2013 Weld RM CO 0.00 0.000 0.01 0_43 43 38677 SOSA 22-18 (N) 400 0 0011486900 39.03 0.00 -0.88 -34.35 -34.35 07/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.41 -0.41 38877 SOSA 22-18 (N) 400 0.0011486900 42.18 0.00 0.87 36.70 36.70 08/01/2013 Weld RM CO 0.00 0.000 0.01 044 0.44 38677 SOSA 22-18 (N) 400 0.0011486900 42.30 0.00 -0.76 -32.15 -32.15 08/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.39 -0.39 38677 SOSA 22-18 (N) 400 0.0011486900 39.60 0.00 0.83 32.87 32.87 09/01/2013 Weld RM CO 0.00 0.000 0.01 0.40 0.40 38677 SOSA 22-18 (N) 400 0.0011486900 42.48 0.00 -0.86 -36.53 -36.53 09/01/2013 Weld RM CO 0.00 0.000 -0.01 -0 44 -044 38677 SOSA 22-18 (N) 400 0.0011486900 41.73 0.00 0,89 37.14 37.14 10/01/2013 Weld RM CO 0.00 0.000 0.01 0.45 0.45 38677 SOSA 22-18 (N) 400 00011486900 43_49 0.00 -0.93 -40.45 -40,45 10/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.49 -0.49 38677 SOSA 22-18 (N) 400 00011486900 43.10 0.00 0.68 29.31 29.31 11/01/2013 Weld RM CO 000 0.000 0.01 0.35 0.35 38677 SOSA 22.18 (N) 400 0.0011466900 45.67 0.00 -0.55 -25.12 -25.12 11/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.30 -0.30 38677 SOSA22-18 (N) 400 0.0011486900 46.53 0.00 0.78 3629 36.29 12/01/2013 Weld RM CO 0.00 0.000 0.01 0.44 0.44 38677 SOSA 22-18 (N) 400 0.0011486900 47.78 0.00 -0.67 -32.01 -32.01 12/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.39 -0.39 38677 SOSA 22-18 (N) 400 0.0011486900 53.03 0.00 0.60 31.82 31.82 01/01/2014 Weld RM CO 0.00 0.000 0.01 0.38 038 38677 SOSA 22.18 (N) 400 0.0011486900 53.00 0.00 -0.50 -26.50 -26.50 01/01/2014 Weld RM CO 000 0.000 -0.01 -0.32 -032 38677 SOSA 22-18(N) 400 00011486900 54,58 0.00 0.31 16.92 16.92 02/01/2014 Weld RM CO 0.00 0.000 0.00 0.20 0.20 38677 SOSA 22-18 (N) 400 0.0011486900 55.85 0.00 -0.52 -29.04 -29.04 02/012014 Weld RM CO 0.00 0.000 -0.01 -0.35 -0.35 38677 SOSA 22-18 (N) 400 0.0011486900 46.39 0.00 0.84 38.97 38.97 03/01/2014 Weld RM CO 0.00 0.000 0.01 0.47 0.47 38677 SOSA 22.18 (N) 400 0.0011486900 41.65 000 -0.60 -24.99 -24.99 03/01/2014 Weld RM CO 0.00 0.000 -0.01 -0.30 -0.30 38677 SOSA 22.18(N) 400 0.0011486900 47.79 0.0C 0.76 36.32 3632 04/0112014 Weld RM CO 0.00 0.000 001 044 0,44 38677 SOSA 22-18 (N) 400 0.0011486900 43.71 0.00 -0.55 -2404 -24.04 04/01/2014 Weld RM CO 0.00 0.000 -0.01 -029 -0.29 38677 SOSA 22-18 (N) 400 00011486900 45.70 0.00 0.71 32.45 32.45 05/01/2014 Weld RM CO 000 0.000 0.01 039 0.39 38677 SOSA 22.18 (N) 400 00011486900 37.18 0.00 -0.50 -18.59 -18.59 05/01/2014 Weld RM CO 0.00 0.000 -001 -0.22 -0.22 38677 SOSA 22-18 (N) 400 0.0011486900 46.82 0.00 0.67 31.37 31.37 06/01/2014 Weld RM CO 000 0.000 0.01 0.38 0.38 38677 SOSA 22-18 (N) 400 0.0011486900 35.78 0.00 -0.50 -17.89 -17.89 06/01/2014 Weld RM CO 0.00 0.000 -0.01 -0.22 -0.22 38677 SOSA 22-18 (N) 400 0.0011486900 31.16 0.00 0.74 23.06 23.06 12/01/2016 Weld RM CO 0.00 0.000 0.01 0.28 0.28 38677 - SOSA 22-18 (N) Subtotal: 1.88 0.00 -0.14 2.02 46689 ELMQUIST 0-0-23 (J) 200 0.0004726563 3.55 97.80 97.80 347.41 32.68 03 314.73 01/01/2013 Weld RM CO 3.55 1.000 028 100 0.10 0.90 46689 ELMQUIST 0-0-23 (J) 200 0.0004726563 3.55 -100.65 -9200 -326.84 -31.27 03 -295.57 01/01/2013 Weld RM CO 3.25 1.094 -0.26 -0.94 -0.08 -0.86 Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com age Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mai Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date Cou Int Type Slate MMBTU Avg Price BTU Factor Owner Vol (mot) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 46689 ELMQUIST 0-0-23 (J) 200 00004726563 3.64 66.29 66.29 314.34 29.70 03 278.67 03/01/2013 Weld RM CO 3.64 1.000 0.24 0.90 0.08 0.80 5.97 15 0.02 46669 ELMQUIST 0-0.23 (J) 200 0.0004726563 3.64 -94.09 -85.77 -312.61 -29.70 03 -282.91 03/01/2013 Weld RM CO 3.32 1.097 -0.24 -0.90 -0.08 -0.82 46689 ELMQUIST 0-0-23 (J) 200 0.0004726563 3.86 89.04 89.04 343.92 32.20 03 311.72 07/01/2013 Weld RM CO 3.86 1.000 0.26 0.98 0.10 0.88 46689 ELMQUIST 0-0-23 (J) 200 00004726563 3.87 -102.02 -89.65 -346.81 -32.20 03 -314.61 07/01/2013 Weld RM CO 3.40 1.138 -0.26 -1.00 -0.10 -0.90 46689 ELMQUIST 0-0-23 (J) 200 0.0004726563 3.68 65.81 65.81 242.03 23.32 03 217.65 09/01/2013 Weld RM CO 368 1.000 0.18 0.70 0.06 0.64 1.06 15 0.00 46689 ELMQUIST 0-0-23 (J) 200 00004726563 3.68 -73.4C -65.07 -239.64 -23.32 03 -216.32 09/01/2013 Weld RM CO 3.26 1.128 -0.18 -0.68 -0.06 -0.62 46689 ELMQUIST 0-0-23 (J) 200 00004726563 4.06 71.62 71.62 291.11 25.31 03 265.80 12/01/2013 Weld RM CO 4.06 1.000 0.20 0.84 0.08 0.76 46689 ELMQUIST 0-0-23 (J) 200 0.0004726563 4.06 -79.18 -70.95 -288.06 -3844 03 -249.62 12/01/2013 Weld RM CO 3.64 1.116 -0.20 -0.82 -0.10 -0.72 46689 ELMQUIST 0.0.23 (J) 200 0.0004726563 4.88 15.24 1524 74.30 5.57 03 68.73 01/01/2014 Weld RM CO 4.88 1.000 0.04 0.22 0.02 0.20 46689 ELMQUIST0-0-23(J) 200 0.0004726563 4.89 -16.72 -14.97 -73.16 -5.57 03 -67.59 01/01/2014 Weld RM CO 4.38 1.117 -0.04 -0.20 -0.02 -0.16 46689 ELMQUIST 0-0-23 (J) 200 0.0004726563 6.01 44.98 44.98 270.20 14.92 03 255.28 02/01/2014 Weld RM CO 6.01 1.000 0.12 0.78 0.04 0.74 46689 ELMQUIST 0-0.23 (J) 200 0.0004726563 6.29 44.95 -37.84 -238.15 -14.92 03 -223.23 02/01/2014 Weld RM CO 5.30 1.188 -0.10 -0.68 -0.04 -0.64 46689 ELMQUIST 0-0-23 (J) 200 00004726563 5.90 52.01 52.01 30666 19.26 03 287.40 03/01/2014 Weld RM CO 5.90 1.000 0.14 0.88 0.06 0.82 46689 ELMQUIST 0-0-23 (J) 200 00004726563 6.26 -58.33 -4869 -304.73 -7.85 03 -296.88 03/01/2014 Weld RM CO 522 1.198 -0.14 -0.88 -0.02 -0.86 46689 ELMQUIST 0-0-23 (J) 200 0.0004726563 4.80 54.97 54.97 263.72 20.38 03 24334 04/01/2014 Weld RM CO 4.80 1.000 0.16 0.76 0.06 0.70 46889 ELMQUIST O-0-23 (J) 200 0.0004726583 4.93 -60.21 -51.77 -255.25 -20.38 03 -234.87 04/01/2014 Weld RM CO 4.24 1.163 -0.14 -0.74 -0.06 -0.68 46689 ELMQUIST 0-0-23 (J) 200 0.0004726563 4.92 50.56 50.56 248.89 18.82 03 219.97 05/01/2014 Weld RM CO 4.92 1.000 0.14 0.72 0.06 0.64 10.10 15 0.02 46689 ELMQUIST 0-0-23 (J) 200 0.0004726563 5.22 -53.58 -45.99 -24002 -18.82 03 -221.20 05/01/2014 Weld RM CO 4.48 1.165 -0.14 -0.68 -0.06 -0.62 46689 ELMQUIST 0.0.23 (J) 200 0.0004726563 4.73 50.28 50.28 237.86 18.68 03 219.18 06/01/2014 Weld RM CO 4.73 1.000 0.14 0.68 0.06 0.62 46689 ELMQUIST O -0.23(J) 200 0.0004726563 4.89 -55.52 -47.14 -230.43 -18.68 03 -211.75 06/01/2014 Weld RM CO 4.15 1.178 -0.14 -066 -0.06 -0.60 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 44.59 0.00 7.92 353.18 353.18 01/01/2013 Weld RM CO 0.00 0.000 0.02 1.02 1.02 46689 ELMQUIST 0-0-23(J) 400 0.0004726563 50.38 0.00 -843 -424.69 -424.69 01/01/2013 Weld RM CO 0.00 0.000 -0.02 -1.22 -1.22 46689 ELMQUIST0-0-23(J) 400 0.0004726563 40.13 0.00 8.16 327.48 32748 02/01/2013 Weld RM CO 0 00 0.000 0.02 0.94 0.94 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 43.11 000 -8.43 -363.38 -363.38 02/01/2013 Weld RM CO 0.00 0.000 -0.02 -1.04 -1.04 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 36.90 0.00 8.08 298.19 298.19 03/012013 Weld RM CO 0.00 0.000 0.02 0.86 0.86 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 3882 0 O -8.76 -340.04 -340.04 03/01/2013 Weld RM CO 000 0.000 -0.02 -0.98 -0.98 Page 36 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Well Number Property Name p y PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Wet Gross Vol (mc0 Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date County Int Type Stale MMBTU Avg Price BTU Factor Owner Vol (mci) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 34.86 000 8.64 301.17 301.17 04/01/2013 Weld RM CO 000 0.000 0.02 086 0.86 46689 ELMOUIST 0-0-23 (J) 400 0.0004726563 32.79 000 -7.81 -256.08 -256.08 04/01/2013 Weld RM CO 0.00 0000 -0.02 -0.74 -0.74 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 31.68 0.00 9.32 29528 295.28 05/01/2013 Weld RM CO 0.00 0000 0.02 0.84 0.84 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 31.61 0.00 -7.79 -246.28 -246.28 05/01/2013 Weld RM CO 0.00 0.000 -0.02 -0.70 -0.70 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 30.25 0.00 9.45 285.89 285.89 06/01/2013 Weld RM CO 000 0.000 0.02 0.82 0.82 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 30.31 0.00 -824 -249.73 -249.73 06/01/2013 Weld RM CO 0.00 0.000 -002 -0.72 -0.72 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 33.15 0.00 9.22 305.64 305.64 07/01/2013 Weld RM CO 0.00 0.000 0.02 0.88 0.88 46689 ELMOUIST 0-0-23 (J) 400 0.0004726563 33.31 0.00 -8.21 -273.48 -273.48 07/01/2013 Weld RM CO 0.00 0,000 -0.02 -0.78 -0.78 46689 ELMOUISTO-0-23(J) 400 0.0004726563 38.56 0.00 7.28 280.72 280.72 08/01/2013 Weld RM CO 0.00 0.000 0.02 0.80 0.80 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 37.01 0.00 -626 -231.66 -231.66 08/01/2013 Weld RM CO 000 0.000 -0.02 -0.66 -0.66 46689 ELMOUIST 0-0-23 (J) 400 0.0004726563 36.90 0.00 6.44 237.62 237.62 09/01/2013 Weld RM CO 000 0.000 002 0.68 0.68 46689 ELMOUIST 0-0-23 (J) 400 0.0004726563 36,69 0.00 -6.10 -223.82 -223.82 09/01/2013 Weld RM CO 000 0.000 -002 -0.64 -0.64 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 38.85 0.00 9.77 379.58 379.58 10/01/2013 Weld RM CO 0.00 0.000 0.02 1.08 1.08 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 38.41 0.00 -9.19 -352.95 -352.95 10/01/2013 Weld RM CO 0.00 0.000 -0.02 -1.01 -1.01 46689 ELMOUIST 0-0-23 (J) 400 0.0004726563 40.74 0.00 8.79 358.10 358.10 11/01/2013 Weld RM CO 0.00 0000 0.02 1.02 1.02 46689 ELMOUIST 0-0-23 (J) 400 0.0004726563 41.01 0.00 -7.98 -327.24 -327.24 1 1/0112 01 3 Weld RM CO 0.00 0.000 -0.02 -0.94 -0.94 46689 ELMQUIST 0-0-23 (J) 400 00004726563 4428 0.0C 7.12 315.29 315.29 12/01/2013 Weld RM CO 0.00 0.000 0.02 0.90 0.90 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 44.53 0.00 -6.71 -298.77 -298.77 12/01/2013 Weld RM CO 0.00 0.000 -0.02 -0.86 -0.86 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 50.98 0.00 1.63 83.10 83.10 01/01/2014 Weld RM CO 0.00 0.000 0.00 0.24 0.24 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 54.61 0.00 -1.74 -95.02 -95.02 01/01/2014 Weld RM CO 0.00 0.000 0.00 -0.28 -0.28 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 6124 0.00 1.98 121.25 121.25 02/01/2014 Weld RM CO 0.00 0.000 0.00 0.34 0.34 46689 ELMQUIST 0-0-23 (J) 400 00004726563 54.48 0.00 -4.55 -247.87 -247.87 02/01/2014 Weld RM CO 0.00 0.000 -0.02 -0.70 -0.70 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 4466 0.00 462 206.31 206.31 03/01/2014 Weld RM CO 0.00 0.000 0.02 0.60 0.60 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 40.83 0.00 -5.95 -242.96 -242.96 03101/2014 Weld RM CO 0.00 0.000 -0.02 -0.70 -0.70 46689 ELMQUIST 0-0.23 (J) 400 0.0004726563 45.74 0.00 4.85 221.83 221.83 04101/2014 Weld RM CO 0.00 0.000 0.02 0.64 0.64 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 44.18 0.00 -6.62 -292.45 -292.45 04/01/2014 Weld RM CO 0.00 0.000 -0.02 -0.84 -0.84 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 43.86 0.00 4.49 196.94 196.94 05/0112014 Weld RM CO 0.00 0.000 0.02 0.56 0.56 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 38.09 0.00 -5.67 -215.96 -215.96 05/01/2014 Weld RM CO 000 0.000 -0.02 -0.62 -0.62 46689 ELMQUIST 0.0-23 (J) 400 0.0004726563 41.91 0.0C 5.27 220.86 220.86 06/01/2014 Weld RM CO 0.00 0.000 0.02 0.64 0.64 Page 37 Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 QRA Check Number: Check Date: Check Amount: Well Number Properly Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcf) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Wet Net Value $ Sales Date Count y Int Type State MMBTU Avg Price BTU Factor Owner Vol (mcf) Owner Gross Value $ Owner Sev Tax $ Owner Deducts$ Owner Net Value $ 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 45.75 0.00 -5.81 -265,78 -265.78 06/01/2014 Weld RM CO 0.00 0.000 -0.02 -0.76 -0.76 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 40.42 0.00 4.93 199,28 199.28 07/01/2014 Weld RM CO 0.00 0.000 0.02 0.58 0.58 46689 ELMQUIST 0-0-23 (J) 400 0.0004726563 43-31 000 -4,52 -195.75 -195.75 07/01/2014 Weld RM CO 0.00 0.000 -0.02 -0.56 -0.56 46689 - ELMQUIST 0-0 23 (J) Subtotal: -0.17 0.00 0.08 -0.25 54781 WANDELL 0-6-7 (J) 200 0.0008907300 3.64 21.28 21.28 77.53 7.28 03 69.51 03/01/2013 Weld RM CO 3.64 1.000 0.16 0.59 0.06 0.52 0.74 15 0.01 54781 WANDELL 0.6-7 (J) 200 0.0008907300 3.64 -23.42 -21.35 -77.80 -7.28 03 -70.52 03/01/2013 Weld RM CO 3.32 1.097 -0.16 -0.59 -0.06 -0.53 54781 WANDELL 0-6-7 (J) 200 0.0008907300 4.33 21.03 21.03 91.02 7.54 03 83.48 05/01/2013 Weld RM CO 4.33 1.000 0.16 069 0.06 0.63 54781 WANDELL 0.6-7 (J) 200 0.0008907300 4.34 -24.31 -21.53 -93.35 -7.54 03 -85.81 05/01/2013 Weld RM CO 3,84 1.129 -0.16 -0.71 -0.06 -0.65 54781 WANDELL 0-6-7 (J) 200 0.0008907300 3.73 35.15 35.15 131.24 12.67 03 11857 08/01/2013 Weld RM CO 3.73 1.000 0.27 0.99 0.10 0.89 54781 WANDELL 0-6-7 (J) 200 0.0008907300 3.74 -24.55 -21.55 -80.57 -7_79 03 -72.78 08/01/2013 Weld RM CO 3.28 1.139 -0.16 -0.61 -0.06 -055 54781 WANDELL 0-6-7 (J) 200 0.0008907300 3.68 20.14 20.14 74.07 7.23 03 6677 09/01/2013 Weld RM CO 3.68 1.000 0.15 0.56 0.05 051 007 15 0.00 54781 WANDELL 0-6-7 (J) 200 0.0008907300 3.68 -22.02 -19.54 -71.95 -7.23 03 -64.72 09/01/2013 Weld RM CO 3,27 1.127 -0.15 -0.54 -0.05 -0.49 54781 WANDELL 0-6-7 (J) 200 0.0008907300 2.36 2.17 240.52 181.80 394.69 52.87 03 289.80 09/01/2015 Weld RM CO 164 1.323 0.16 0.35 0.05 0.28 0.00 11 0.00 0.34 16 0.00 51.68 27 0.02 54781 WANDELL 0-6-7 (J) 200 0_0008907300 238 2.17 -240.52 -181.80 -394.69 -52.87 03 -289.80 09/01/2015 Weld RM CO 1.64 1.323 -0.16 -0.36 -0.05 -0.29 0.00 11 0.00 -0.34 16 0.00 -51.68 27 -0.02 54781 WANDELL 0-6-7 (J) 200 0.0008907300 4.27 208.75 162.45 693.67 56.14 03 583.68 12/01/2016 Weld RM CO 3.32 1.285 0.14 0.62 0.05 0.52 1.99 16 0.00 51.86 27 0.05 54781 WANDELL 0-6-7 (J) 300 0.0008907300 45.92 0.00 0.65 29.85 29.85 12101/2016 Weld RM CO 0.00 0.000 000 003 0.03 54781 WANDELL 0-6-7 (J) 400 0.0008907300 43.07 000 3.31 14255 142.55 01/01/2013 Weld RM CO 0.00 0.000 0.02 1.08 1.08 54781 WANDELL 0-6-7 (J) 400 0.0008907300 46.96 0.00 -3.26 -15309 -153.09 01/01/2013 Weld RM CO 0.00 0.000 -0.02 -1.16 -1.16 54781 WANDELL 0.6.7 (J) 400 0.0008907300 39.11 0.00 1.69 66.10 66.10 02/01/2013 Weld RM CO 0.00 0.000 0.01 0.50 0.50 54781 WANDELL 0-6-7 (J) 400 0.0008907300 40.03 0.00 -1.57 -62.85 -62.85 02/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.48 -0.48 54781 WANDELL 0-6-7 (J) 400 0.0008907300 34.88 0.00 2.27 79.18 79.18 04/01/2013 Weld RM CO 0.00 0.000 0.02 0.60 0.60 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Page 38 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcO Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date Count y Int Type State MMBTU Avg Price BTU Factor Owner Vol (mcf) Owner Gross Value 5 Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 54781 WANDELL 0-6-7 (J) 400 0.0008907300 34.35 0.00 -2.26 -77.64 -77.64 04/01/2013 Weld RM CO 0.00 0.000 -0.02 -0.59 -0.59 54781 WANDELL 0.6.7 (J) 400 0.0008907300 31.61 0.00 2.33 73.64 73.64 05/01/2013 Weld RM CO 0.00 0.000 0.02 0.56 0.56 54781 WANDELL 0-6-7 (J) 400 0.0008907300 33.65 0.00 -2.14 -72.02 -72.02 05/01/2013 Weld RM CO 000 0.000 -0.02 -0.55 -0.55 54781 WANDELL 0-6-7 (J) 400 0.0008907300 3004 0.00 190 57.08 57.08 06/01/2013 Weld RM CO 0.00 0.000 0.01 0.43 0.43 54781 WANDELL 0-6-7 (J) 400 0.0008907300 32.77 0.00 -1.83 -59.97 -59.97 06/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.45 -0.45 54781 WANDELL 0-6-7 (J) 400 0.0008907300 41.60 0.00 2.10 87.35 87.35 07/01/2013 Weld RM CO 0.00 0.000 0.02 0.66 0.66 54781 WANDELL 0-6-7 (J) 400 0.0008907300 4347 0.00 -2.12 -92.16 -92.16 07/01/2013 Weld RM CO 0.00 0.000 -0.02 -0.70 -070 54781 WANDELL 0-6-7 (J) 400 0.0008907300 45.93 0.00 3.12 143.30 143.30 08/01/2013 Weld RM CO 0.00 0.000 0.02 1.09 1.09 54781 WANDELL 0-6-7 (J) 400 0.0008907300 46.65 0.00 -1.90 -88.64 -88.64 08/01/2013 Weld RM CO 0.00 0.000 -0.01 -067 -0.67 54781 WANDELL 0-6-7 (J) 400 0.0008907300 44.45 0.00 1.83 81.34 81.34 09/01/2013 Weld RM CO 0.00 0.000 0.01 0.62 0.62 54781 WANDELL 0-6-7 (J) 400 0.0008907300 45.85 0.00 -1.98 -90.79 -90.79 09/01/2013 Weld RM CO 0.00 0.000 -0.02 -0.69 -0.69 54781 - WANDELL 0-6-7 (J) Subtotal: 1.27 0.00 0.15 1.12 56015 EAST RINN 3-6-15 (J) 200 0.0000056600 4.92 49.76 49.76 244.94 18.32 03 216.13 05/01/2014 Weld RM CO 4.92 1.000 0.00 0.02 0.00 0.02 10.49 15 000 56015 EAST RINN 3-6-15 (J) 400 0.0000056600 45.41 0.00 5.64 256.11 256.11 03/01/2013 Weld RM CO 0.00 0.000 0.00 0.02 0.02 56015 EAST RINN 3-6-15 (J) 400 0.0000056600 39.49 0.00 6.23 246.03 246.03 05/01/2013 Weld RM CO 0.00 0.000 0.00 0.02 0.02 56015 EAST RINN 3-6-15 (J) 400 0.0000056600 50.16 0.00 -5.43 -272.38 -272.38 10/01/2013 Weld RM CO 0.00 0.000 0.00 -0.02 -0.02 56015 EAST RINN 3-615 (J) 400 0.0000056600 54.08 0.00 -4.62 -249.84 -249.84 12/01/2013 Weld RM CO 0.00 0.000 0.00 -0.02 -0.02 56015 EAST RINN 3-6-15 (J) 400 0.0000056600 55.46 0.00 -5.00 -277.31 -277.31 01/01/2014 Weld RM CO 0.00 0.000 0.00 -0.02 -0.02 56015 EAST RINN 3-6-15 (J) 400 0.0000056600 56.54 0.00 -5.50 310.95 -310.95 02/01/2014 Weld RM CO 0.00 0.000 0.00 -0,02 -002 56015 EAST RINN 3-6-15 (J) 400 0.0000056600 47.29 0.00 -5.83 -275.70 -275.70 03/01/2014 Weld RM CO 0.00 0.000 0.00 -002 -0.02 56015 EAST RINN 3-6-15 (J) 400 0.0000056600 48.98 0.00 -5.98 -292.91 -292.91 04/01/2014 Weld RM CO 0.00 0.000 0.00 -002 -0.02 56015 - EAST RINN 3-6-15 (J) Subtotal: -0,06 0.00 0.00 -0.06 56017 EAST RINN 13-15 (J) 200 0.0000056600 3.74 -113.33 -99.50 -37205 -35.66 03 -336.39 08/01/2013 Weld RM CO 3.28 1.139 0.00 -002 0.00 -0.02 56017 EAST RINN 13-15 (J) 200 0.0000056800 3.68 -74.63 -66.16 -24363 -24.57 03 -219.06 09/01/2013 Weld RM CO 3.26 1.128 0.00 -002 0.00 -0.02 56017 EAST RINN 13-15 (J) 200 0.0000056600 4.89 -58.78 -49.90 -243.91 -18.79 03 -225.12 06/01/2014 Weld RM CO 4.15 1.178 0.00 -002 0.00 -0.02 56017 EAST RINN 13-15 (J) 400 0.0000056600 41.76 0.00 -9.40 -392.59 -392.59 08/01/2013 Weld RM CO 0.00 0.000 0.00 -0.02 -0.02 56017 EAST RINN 13-15 (J) 400 0.0000056600 49.22 0.00 -6.50 -319.94 -319.94 09/01/2013 Weld RM CO 0.00 0.000 0.00 -0.02 -0.02 56017 EAST RINN 13-15 (J) 400 0.0000056600 55.65 0.00 -5.57 -309.99 -309.99 01/01/2014 Weld RM CO 0.00 0.000 0.00 -0.02 -0.02 56017 EAST RINN 13-15 (J) 400 0.0000056600 56.57 0.00 -5.45 -308.30 -308.30 02/01/2014 Weld RM CO 0.00 0.000 0.00 -0.02 -0.02 Page 39 QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price W11MMBTU Well Gross Vol (mct) Well Gross Value $ Well Sex Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value S Sales Date Coun tY Int Type State MMBTU Avg Price BTU Factor Owner Vol (mcf) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 56017 EAST RINN 13-15 (J) 400 0.0000056600 47.37 0.00 -733 -347.23 -347.23 03/01/2014 Weld RM CO 0.00 0.000 0.00 -0.02 -0O2 56017 EAST RINN 13-15 (J) 400 0.0000056600 49.00 0.00 -6.95 -340.54 -340.54 04/01/2014 Weld RM CO 0.00 0.000 0.00 -0.02 -0.02 56017 EAST RINN 13-15 (J) 400 0.0000056600 39.99 0.00 £.12 -244.72 -244.72 05/01/2014 Weld RM CO O00 0O00 0.00 -0.02 -0.02 56017 - EAST RINN 13-15 (J) Subtotal: -0.20 0.00 0.00 -0.20 56018 EAST RINN 24-15 (J) 200 0O000056600 6.01 42.68 42.68 256.43 13.83 03 242.60 02/01/2014 Weld RM CO 6.01 1.000 0.00 0.02 0.00 0.02 56018 EAST RINN 24-15 (J) 400 0.0000056600 39.49 0.00 6.46 255.09 255.09 05/01/2013 Weld RM CO 0.00 0.000 0.00 0.02 0.02 56018 EAST RINN 24-15 (J) 400 0.0000056600 36.86 0.00 -7.19 -265.03 -265.03 06/01/2013 Weld RM CO 0.00 0.000 0.00 -0.02 -0.02 56018 EAST RINN 24-15 (J) 400 0.0000056600 41.76 0.00 -6.31 -26348 -263.48 08/01/2013 Weld RM CO 0.00 0.000 0.00 -0.02 -0O2 56018 EAST RINN 24-15 (J) 400 0.0000056600 54.07 0.00 -5.07 -274.12 -274.12 12/01/2013 Weld RM CO 0.00 0.000 0.00 -0.02 -0.02 56018 EAST RINN 24-15 (J) 400 0.0000056600 55.57 0.00 -5.40 -300.08 -300.08 01/01/2014 Weld RM CO 0O0 0.000 0.00 -0.02 -0.02 56018 EAST RINN 24-15 (J) 400 0.0000056600 4724 0.00 -5.71 -269.73 -269.73 03/01/2014 Weld RM CO 0O0 0.000 0O0 -0.02 -0.02 56018 EAST RINN 24-15 (J) 400 0.0000056600 48.78 0.00 -5.48 -267.34 -267.34 04/01/2014 Weld RM CO 0.00 0.000 0.00 -0.02 -0.02 56018 - EAST RINN 24 15 (J) Subtotal: -0.08 0O0 0.00 -0.08 57625 WANDELL 0-6-7 (C) 200 0.0008907300 3.50 52.13 52.13 182.40 17.85 03 164.55 02/01/2013 Weld RM CO 3.50 1.000 O39 1.38 0.14 1.24 57625 WANDELL 0-6-7 (C) 200 0.0008907300 3.51 -57.98 -53.00 -185.99 -17.85 03 -168.14 02/01/2013 Weld RM CO 3.21 1.D94 -0.40 -1.41 -0.14 -1.27 57625 WANDELL 0-6-7 (C) 200 0.0008907300 3.64 65.98 65.98 240.36 22.57 03 215.47 03/01/2013 Weld RM CO 3.64 1.000 0.50 1.82 0.17 1.63 2.32 15 0.02 57625 WANDELL 06-7 (C) 200 0.0008907300 3.64 -72.59 -66.17 -241.16 -22.57 03 -218.59 03/01/2013 Weld RM CO 3.32 1.097 -0.50 -1.83 -0.17 -1.66 57625 WANDELL 0-6.7 (C) 200 0.0008907300 4.33 65.23 65.23 282.32 23.39 03 258.93 05/01/2013 Weld RM CO 4.33 1.000 049 2.14 0.18 1.96 57625 WANDELL 0-6-7 (C) 200 0.0008907300 4.34 -75.36 -6675 -289.46 -23.39 03 -266.07 05/01/2013 Weld RM CO 3.84 1.129 -0.51 -2.19 -0.18 -2.01 57625 WANDELL 0-6-7 (C) 200 0.0008907300 3.73 108.99 108.99 406.87 39.30 03 367.57 08/01/2013 Weld RM CO 3.73 1.000 083 3.08 0.30 2.78 57625 WANDELL 0-6-7 (C) 200 0.0008907300 3.74 -76.10 -66.81 -249.80 -24.14 03 -225.66 08/01/2013 Weld RM CO 3.28 1.139 -0.51 -1.89 -0.18 -1.71 57625 WANDELL 0-6-7 (C) 200 0.0008907300 3.68 62.39 62.39 229.46 22.39 03 206.83 09/01/2013 Weld RM CO 3.68 1.000 0.47 1.74 0.17 1.57 0.24 15 0.00 57625 WANDELL 0-6-7 (C) 200 0.0008907300 3.68 -68.29 -60.54 -222.96 -22.39 03 -200.57 09/01/2013 Weld RM CO 3.26 1.128 -0.46 -1.69 -0.17 -1.52 57625 WANDELL 0-6-7 (C) 200 0.0008907300 2.3e 2.17 481.07 363.62 789.40 105.74 03 579.61 09/01/2015 Weld RM CO 1.64 1.323 0.32 0.71 0.10 0.56 0.00 11 0.00 0.69 16 0.00 103.36 27 O05 Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Page 40 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: 1856883 Check Date: 02/20/2017 Check Amount: $1,072.87 Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcij Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date Coun ty Int Type State MMBTU Avg Price BTU Factor Owner Vol (mcf) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 57625 WANDELL 0.6-7 (C) 200 0.0008907300 2.36 2.17 -481.07 -363.62 -789.40 -105.74 03 -579.61 09/01/2015 Weld RM CO 1.64 1.323 -0.32 -0.71 -0.10 -0.57 0.00 11 0.00 -0.69 16 0.00 -103.36 27 -0.04 57625 WANDELLO-6-7(C) 200 0.0008907300 4.27 417.51 324.91 1,387.39 112.28 03 1,167.42 12/01/2016 Weld RM CO 3.32 1.285 0.29 1.23 0.09 1.05 3.98 16 0.00 103.71 27 0.09 57625 WANDELL 0-6-7 (C) 300 0.0008907300 45.93 0.00 19.35 888.76 888.76 12/0112016 Weld RM CO 000 0.000 0.02 0.79 0.79 57625 WANDELL 0-6-7 (C) 400 0.0008907300 43.07 0.0C 7.74 333.34 33334 01/01/2013 Weld RM CO 0.00 0.000 0.06 2.52 2.52 57625 WANDELL 0-6-7 (C) 400 0.0008907300 46.85 0.00 -7.64 -357.90 -357.90 01/01/2013 Weld RM CO 0.00 0.000 -0.06 -2.71 -2.71 57625 WANDELL 0-6-7 (C) 400 0.0008907300 39.19 0.00 5.23 204.96 204.96 02/01/2013 Weld RM CO 0.00 0.000 0.04 1.55 1.55 57625 WANDELL 0-6-7 (C) 400 0.0008907300 39.78 0,00 -4.90 -194.94 194.94 02/01/2013 Weld RM CO 0.00 0.000 -0.04 -1.48 -1.48 57625 WANDELL 0-6-7 (C) 400 0.0008907300 34.83 0.00 7.05 245.52 245.52 04/01/2013 Weld RM CO 0.00 0000 0.05 1.86 1.86 57625 WANDELL 0-6-7 (C) 400 0.0008907300 34.48 0.00 -6.98 -240.70 -240.70 04/01/2013 Weld RM CO 0.00 0.000 -0.05 -1.82 -1.82 57625 WANDELL 0-6-7 (C) 400 00008907300 31.63 0.00 7.22 228.37 228.37 05101/2013 Weld RM CO 0.00 0.000 0.05 1.73 1.73 57625 WANDELL 0-6.7 (C) 400 0.0008907300 33.75 0.00 -6.62 -223.41 -223.41 05/0112013 Weld RM CO 0.00 0.000 -0.05 -1.69 -1.69 57625 WANDELL 0-6-7 (C) 400 00008907300 30.10 0.00 5.88 177.00 177.00 06/01/2013 Weld RM CO 0.00 0.000 0.04 1.34 1.34 57625 WANDELL 0-6-7 (C) 400 0.0008907300 32.70 0.00 -569 -186.04 -186.04 06/01/2013 Weld RM CO 0.00 0.000 -0.04 -1.41 -1.41 57625 WANDELL 0-6-7 (C) 400 0.0008907300 41.68 0.00 6.50 270.91 27091 07/0112013 Weld RM CO 000 0.000 0.05 2.05 2.05 57625 WANDELL 0-6-7 (C) 400 0.0008907300 43.30 0.00 -6.60 -285.80 -285.80 07/01/2013 Weld RM CO 0.00 0.000 -0.05 -2.16 -2.16 57625 WANDELL 0-6-7 (C) 400 0.0008907300 45.96 ❑.0C 9.67 444.44 444.44 08/01/2013 Weld RM CO 0.00 0.000 0.07 3.37 3.37 57625 WANDELL 0-6-7 (C) 400 0.0008907300 46.19 0.00 -5.95 -274 85 -274.85 08/01/2013 Weld RM CO 000 0.000 -0.05 -2.08 -2.08 57625 WANDELL 0-6-7 (C) 400 0.0008907300 44.54 0.00 5.66 25209 252.09 09/01/2013 Weld RM CO 0.00 0.000 0.04 1.91 1.91 57625 WANDELL 0-67 (C) 400 0.0008907300 45.81 0.00 -6.14 -281.26 -281.26 09/01/2013 Weld RM CO 0.00 0.000 -0.05 -2.13 -2.13 57625 WANDELL 0-6-7 (C) Subtotal: 4.02 0.00 0.33 3.69 57626 WANDELL 0-6-7 (N) 20O 0.0008907300 3.50 52.13 52.13 182.40 17.85 03 164.55 02/01/2013 Weld RM CO 3.50 1.000 0.39 1.38 0.14 1.24 57626 WANDELL 0-67 (N) 200 0.0008907300 3.51 -57.98 -53.00 -185.99 -17.85 03 -168.14 02/01/2013 Weld RM CO 3.21 1.094 -0.40 -1.41 -0.14 -1.27 57626 WANDELL 0-6-7 (N) 200 0.0008907300 3.64 65.98 65.98 240.36 22.57 03 215.47 03/01/2013 Weld RM CO 3.64 1.000 0.50 1.82 0.17 1.63 2.32 15 0.02 57626 WANDELL 66-7 (N) 200 0.0008907300 3.64 -72.59 -66.17 -241.16 -22.57 03 -218.59 03/01/2013 Weld RM CO 3.32 1.097 -0.50 -183 -0.17 -1.66 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Page 41 QRA Check Number: Check Date: Check Amount: Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (met) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date County Int Type State MMBTU Avg Price BTU Factor Owner Vol (mct) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 57626 WANDELL 0-8-7 (N) 200 0.0008907300 4.20 7115 71.35 299.34 299.34 04/01/2013 Weld RM CO 4.20 1.000 0.54 208 2.08 57626 WANDELL 0-6-7 (N) 200 0.0008907300 4.33 65.23 6523 282.32 23.39 03 258.93 05/01/2013 Weld RM CO 4.33 1.000 0.49 2.14 0.18 1.96 57626 WANDELL 0-6-7 (N) 200 00008907300 4.34 -75.36 -66.75 -289.46 -23.39 03 -266.07 05/01/2013 Weld RM CO 3.84 1.129 -0.51 -2.19 -0.18 -2.01 57626 WANDELL 0-6-7 (N) 200 0.0008907300 4.31 54.33 54.33 234.41 234.41 06/01/2013 Weld RM CO 4.31 1.000 0.41 1.63 1.63 57626 WANDELL 0-6-7 (N) 200 0.0008907300 3.73 108.99 108.99 406.87 39.30 03 367.57 08/01/2013 Weld RM CO 3.73 1.000 0.83 3.08 0.30 2.78 57626 WANDELL 0-6-7 (N) 200 0.0008907300 3.74 -76.1C -66.81 -249.80 -24.14 03 -225.66 08/01/2013 Weld RM CO 3.28 1.139 -0.51 -1.89 -0.18 -1.71 57626 WANDELL 0-6-7 (N) 200 00008907300 3.68 62.39 62.39 229.46 22.39 03 206.83 09/01/2013 Weld RM CO 3.68 1.000 0.47 1.74 0.17 1.57 0.24 15 000 57626 WANDELL 0-6-7 (N) 200 0.0008907300 3.68 -68.29 -60.54 -222.96 -22.39 03 -200.57 09/01/2013 Weld RM CO 3.26 1.126 -046 -1.69 -0.17 -1.52 57626 WANDELL 0-6-7 (N) 200 0.0008907300 2.36 2.17 481.06 363.61 789.44 105.73 03 579.64 09/01/2015 Weld RM CO 164 1.323 0.32 0.71 0.10 0.56 0.00 11 0.00 0.69 16 000 103.38 27 0.05 57626 WANDELL 0-6-7 (N) 200 0.0008907300 2.36 2.17 -481.06 -363.61 -789.44 -105.73 03 -579.64 09/01/2015 Weld RM CO 1.64 1.323 -0.32 -0.71 -0.10 -0.57 0.00 11 0.00 -0.69 16 0.00 -103.38 27 -0.04 57626 WANDELL 0-6-7 (N) 200 0.0008907300 4 27 417.51 32491 1,38742 112.29 03 1.16743 12/01/2016 Weld RM CO 3.32 1.285 0.29 1.23 0.09 1.05 3.99 16 0.00 103.71 27 0.09 57626 WANDELL 0-6-7 (N) 300 0.0008907300 45.93 0.0C 1936 889.22 889.22 12/01/2016 Weld RM CO 000 0.000 002 0.79 0.79 57626 WANDELL 0-6-7 (N) 400 0.0008907300 43.07 0.00 7.74 333.34 333.34 01/01/2013 Weld RM CO 000 0.000 006 2.52 2.52 57626 WANDELL 0-6-7 (N) 400 0.0008907300 46.85 0.00 -7.64 -357.90 -35790 01/012013 Weld RM CO 0.00 0.000 -0.06 -271 -2.71 57626 WANDELL 0-6-7 (N) 400 0.0008907300 39.19 0.00 5.23 204.96 204.96 02101/2013 Weld RM CO 0.00 0.000 0.04 1.55 1.55 57626 WANDELL 0-6-7 (N) 400 0.0008907300 3978 0.00 -4.90 -194.94 -194,94 02/01/2013 Weld RM CO 0.00 0.000 -0.04 -1.48 -1.48 57626 WANDELL 0-6-7 (N) 400 0.0008907300 3483 0.00 7.05 245.52 245.52 04/01/2013 Weld RM CO 0.00 0.000 0.05 1.86 1.86 57626 WANDELL 0-8-7 (N) 400 0.0008907300 3448 0.00 -6.98 -240.70 -240.70 04/0112013 Weld RM CO 0.00 0.000 -0.05 -1.82 -1.82 57626 WANDELL 0-6-7 (N) 400 00008907300 31.63 0.00 7.22 228.37 228.37 05/01/2013 Weld RM CO 0.00 0.000 0.05 1.73 1.73 57626 WANDELL 0-6-7 (N) 400 0.0008907300 33.75 0.00 -6.62 -223.41 -223.41 05/01/2013 Weld RM CO 0.00 0.000 -0.05 -1.69 -1.69 57626 WANDELL 0-6-7 (N) 400 0.0008907300 30.10 0.00 5.88 177.00 17700 06/01/2013 Weld RM CO 0.00 0.000 0.04 1.34 1.34 57626 WANDELL 0-6-7 (N) 400 0.0008907300 32.70 0.00 -5.69 -186.04 -186.04 06/012013 Weld RM CO 0.00 0.000 -0.04 -1.41 -1.41 Page 42 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mci) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date County Int Type State MMBTU Avg Price BTU Factor Owner Vol (mcf) Owner Gross Value S Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 57626 WANDELL 0.6.7 (N) 400 0.0008907300 41.68 0.00 6.50 270.91 270.91 07/01/2013 Weld RM CO 0.00 0.000 0.05 2.05 2.05 57626 WANDELL 0-6-7 (N) 400 00008907300 43.30 0.00 -6.60 -285.80 -285.80 07/01/2013 Weld RM CO 0.00 0.000 -0.05 -2.16 -2.16 57626 WANDELL 0-6-7 (N) 400 0.0008907300 45.96 0.00 967 444.44 444.44 08/01/2013 Weld EM CO 0.00 0.000 0.07 3.37 3.37 57626 WANDELL 0-6-7 (N) 400 0.0008907300 46.19 0.00 -5.95 -274.85 -274.85 08/01/2013 Web RM CO 0.00 0.000 -0.05 -2.08 -2.08 57626 WANDELL 0-6-7 (N) 400 0.0008907300 44.54 0.00 5.66 252.09 252.09 09/01/2013 Weld RM CO 0.00 0.000 0.04 1.91 1.91 57626 WANDELL 0-6-7 (N) 400 0.0008907300 45.81 0.00 -6.14 -281.26 -281.26 09/01/2013 Weld RM CO 0.00 0.000 -0.05 -2.13 -2.13 57626 WANDELL 0-6-7 (N) Subtotal: 7.73 0.00 0.33 7.40 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 3.55 139.72 139.72 496.32 47.54 03 448.78 01/01/2013 Weld RM CO 3.55 1.000 62.98 223.69 21.43 202.26 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 3.56 -154.25 -141.00 -502.59 -47.54 03 -455.05 01/01/2013 Weld RM CO 3.26 1.094 -63.55 -226.52 -21.42 -205.10 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 3.50 176.21 176.21 616.56 61.57 03 554.99 02/01/2013 Weld RM CO 3.50 1.000 79.41 277.87 27.75 250.12 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 3.51 -198.01 -181.00 -635.03 -61.57 03 -573.46 02/01/2013 Weld RM CO 3.21 1.094 -81.58 -286.21 -27.75 -258.46 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 3.64 180.30 180.30 656.81 62.99 03 581.25 03/01/2013 Weld RM CO 3.64 1.000 81.26 296.03 28.37 261.99 12.57 15 5.67 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 364 -197.75 -18026 -656.97 -62.99 03 -593.98 03/01/2013 Weld RM CO 3.32 1.097 -81,24 -296.10 -28.37 -267.73 65415 MELBON RANCH 2-4-17 (J) 200 00625000000 4.19 156.88 156.88 65769 5550 03 602.19 04/01/2013 Weld RM CO 4.19 1.000 70.70 296,42 25.02 271.40 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 4.20 -175.29 -157.35 -660.10 -5550 03 -604.60 04/01/2013 Weld RM CO 3.77 1.114 -70.93 -297.51 -25.02 -272.49 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 4.33 138.02 13802 597.39 50.33 03 547.06 05/01/2013 Weld RM CO 4.33 1.000 62.21 269.24 22.68 246.56 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 4.34 -157.38 -139.40 -604.45 -50.33 03 -554.12 05/01/2013 Weld RM CO 3.84 1.129 -62.82 -272.43 -22.68 -249.75 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 4.31 157.33 157.33 677.98 57.09 03 620.89 06/0112013 Weld RM CO 4.31 1.000 70.92 305.57 25.74 279.83 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 4.31 -173.82 -154.23 -665.38 -5709 03 -608.29 06/01/2013 Weld RM CO 3.83 1.127 -69.50 -299.89 -25.74 -274.15 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 3.86 31.36 31.36 121.14 11.49 03 109.65 07/01/2013 Weld RM CO 3.86 1.000 14.15 54.59 5.18 49.41 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 3.87 -34.98 -30.74 -118.90 -1149 03 -107.41 07/01/2013 Weld RM CO 340 1.138 -13.87 -53.59 -5.18 -48.41 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 3.73 34.74 34.74 129.69 12.32 03 117.37 08/01/2013 Weld RM CO 3.73 1.000 1564 58.46 5.57 5289 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 3.74 -38.40 -33.71 -126.05 -12.32 03 -113.73 08/01/2013 Weld RM CO 3.28 1.139 -15.18 -56.81 -5.57 -51.24 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 3.68 43.36 43.38 159.47 15.57 03 143.18 09/01/2013 Weld RM CO 3.68 1.000 19.54 71.87 7.01 64.54 0.72 15 0.32 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 3.68 -48.29 -42.81 -15764 -15.57 03 -142.07 09/01/2013 Weld RM CO 3.26 1.128 -19.28 -71.05 -7.01 -64.04 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 3.77 112.26 112.26 422.93 4000 03 382.93 10/01/2013 Weld RM CO 3.77 1.000 5060 190.61 18.02 172.59 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 376 -124.17 -110.67 -416.52 -40.00 03 -37652 10/01/2013 Weld EM CO 3.35 1.122 -49.89 -187.73 -18.02 -169.71 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 3.98 82.5€ 82.56 328.19 29.28 03 298.91 11/01/2013 Weld RM CO 3.98 1.000 37.21 147.91 13.20 134.71 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Page 43 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: 1856883 Check Date: 02/20/2017 Check Amount: $1,072.87 Well Number Properly Name PC Entitlement Decimal SOD Price MCF Avg Price Wn MMBTU Well Gross Vol (mcf) Well Gross Value $ Well Sev Tax $ Tax Type Cd Wet Deducts $ Ded Cd Wet Net Value $ Sales Dale County int Type State MMBTU Avg Price BTU Factor Owner Vol (mcf) Owner Gross Value S Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 4.02 -92.22 -81.04 -325.86 -29.28 03 -296.58 11/01/2013 Weld RM CO 3.53 1.138 -36.52 -146.86 -13.20 -133.66 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 4.06 75.66 75.66 307.52 27.09 03 28043 12101/2013 Weld RM CO 4.06 1.000 34.11 138.60 12.22 126.38 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 4.06 -83.66 -74.96 -304.35 -64.95 03 -239.40 12/01/2013 Weld RM CO 3.64 1.116 -33.78 -137.17 -29.26 -107.91 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 4.87 6.77 6.77 32.99 2.50 03 30.49 01/01/2014 Weld RM CO 4,87 1.000 3.06 14.86 1.13 13.73 65415 MELBON RANCH 2.4-17 (J) 200 0.0625000000 4.89 -7.52 -6.73 -32.91 -2.50 03 -30.41 01/01/2014 Weld RM CO 4.38 1-117 -3.04 -14.82 -1.13 -13.69 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 6.01 35.17 35.17 211.30 11.17 03 200.13 02/01/2014 Weld RM CO 601 1.000 15.85 95.23 5.04 90.19 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 6.29 -33.82 -28.47 -179.20 -11.17 03 -168.03 02/01/2014 Weld RM CO 5.30 1.188 -12.83 -80.77 -5.04 -75.73 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 5.90 31.51 31.51 185.77 11.68 03 174.09 03/01/2014 Weld RM CO 5.90 1.000 14.22 83.74 5.26 78.48 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 6.26 -35.50 -29.63 -185.41 -16.84 03 -168.57 03/01/2014 Weld RM CO 5.22 1.198 -13.36 -83.57 -7.59 -75.98 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 4.80 3049 30.49 146.27 11.31 03 134.96 04/01/2014 Weld RM CO 4.80 1.000 13.75 65.92 5.11 60.81 65415 MELBON RANCH 2.4-17 (J) 200 0.0625000000 4.93 -34.13 -29.35 -144.70 -11.31 03 -133.39 04/01/2014 Weld RM CO 424 1.163 -13.23 -65.22 -5.11 -60.11 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 4.92 29.52 29.52 145-34 10.99 03 128.41 05/01/2014 Weld RM CO 4.92 1.006 13.31 65.51 4.95 57.88 5.94 15 268 65415 MELBON RANCH 2.417 (J) 200 0.0625000000 5.22 -31.52 -27.03 -141.05 -10.99 03 -130.06 05/01/2014 Weld RM CO 447 1.166 -12.19 -63.59 -4.95 -58.64 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 4.73 30.40 30.40 143.80 11.25 03 132.55 06/01/2014 Weld RM CO 4.73 1.000 13.71 64.82 5.08 59.74 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 4.89 -34.37 -29.18 -142.64 -11.25 03 -131.39 06/01/2014 Weld RM CO 4.15 1.178 -13.15 -64.30 -5.08 -59.22 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 4.64 27.45 27.45 127.44 9.86 03 117.58 07/01/2014 Weld RM CO 4.64 1.000 12.37 57.43 4.44 52.99 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 4.49 -31.35 -29.19 -130.99 -9.86 03 -121.13 07/01/2014 Weld RM CO 4.18 1.074 -13.16 -59.04 -4.44 -54.60 65415 MELBON RANCH 2-4-17 (J) 200 0.0625000000 3.17 26.19 26.19 82.92 9.65 03 73.27 12101/2016 Weld RM CO 3.17 1.000 11.80 37.38 4.35 33.03 65415 MELBON RANCH 2-417 (J) 300 0.0625000000 45.93 0.00 1.78 81.76 81.78 12/01/2016 Weld RM CO 0.00 0.000 0.11 5.11 5.11 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 49.29 0.00 10.97 540.69 540.69 01/01/2013 Weld RM CO 0.00 0.000 4.94 243.69 243.69 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 47.40 0.00 -10.31 -488.67 -488.67 01101/2013 Weld RM CO 0.00 0.000 -4.65 -220.24 -220.24 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 45.17 0.00 15.94 719.95 719.95 02/01/2013 Weld RM CO 0.00 0.000 7.19 324.49 324.49 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 40.31 0.00 -14.40 -580.51 -580.51 02)01/2013 Weld RM CO 0.00 0.000 -6.49 -261.63 -261.63 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 41.84 0.00 16.14 675.35 675.35 03/01/2013 Weld RM CO 0.00 0.000 726 304.38 304.38 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 43.84 0.00 -17.14 -751.50 -751.50 03/01/2013 Weld RM CO 0.00 0.000 -7.72 -338.71 -338.71 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 39.93 0.06 14.07 561.78 561.78 04/01/2013 Weld RM CO 0.00 0.000 6.34 253.19 253.19 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 41.53 0.0C -14.83 -615.95 -615.95 04/01/2013 Weld RM CO 0.00 0.006 -6.68 -277.61 -277.61 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 36.26 0.00 13.62 493.81 493.81 05/01/2013 Weld RM CO 0.00 0.000 6.14 222.57 222.57 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Page 44 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: 1856883 Check Date: 02/20/2017 Check Amount: $1,072.87 Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcry Well Gross Value 5 Well Sev Tax S Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date Count y lot Type State MMBTU Avg Price BTU Factor Owner Vol (mcf) Owner Gross Value S Owner Sev Tax 5 Owner Deducts S Owner Net Value $ 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 40.92 0.00 -13.74 -562.30 -562.30 05/01/2013 Weld RM CO 0.00 0.000 .620 -253.42 -253.42 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 34.78 0.00 1528 531.37 531.37 06/01/2013 Weld RM CO 0.00 0.000 6.87 239.49 23949 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 40.71 0.00 -16.64 -677.44 -677.44 06/01/2013 Weld RM CO 0.00 0.000 -7.50 -305.33 -305.33 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 37.76 0.00 3.09 116.67 116.67 07/01/2013 Weld RM CO 0.00 0.000 1.41 52.58 52.58 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 42.15 0.00 -3.38 -142.46 -14246 07/01/2013 Weld RM CO 0.00 0.000 -1.53 -64.22 -64.22 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 39.04 0.00 3.27 127.67 127.67 08/01/2013 Weld RM CO 000 0.000 1.47 57.54 57.54 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 45.53 0.00 -3.38 -153.89 -153.89 08/01/2013 Weld RM CO 0.00 0.000 -1.53 -69.36 -69.36 65415 MELBON RANCH 2.4-17 (J) 400 00625000000 41.30 0.00 4.04 166.87 166.87 09/01/2013 Weld RM CO 0.00 0.000 1.84 75.20 75.20 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 38.82 0.00 3.17 -161.90 -161.90 09/01/2013 Weld RM CO 0.00 0.000 -1.88 -72.96 -72.96 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 39.68 0.00 10.95 43445 434.45 10/01/2013 Weld RM CO 0.00 0.000 4.94 195.81 195.81 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 40.49 0.00 -10.67 -432.00 -432.08 10/01/2013 Weld RM CO 0.00 0.000 -4.80 -194.70 -194.70 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 41.40 0.00 7.82 323.71 323.71 11/01/2013 Weld RM CO 0.00 0.000 3.52 145.91 145.91 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 43.01 0.00 -7.36 -316.54 -316.54 11/01/2013 Weld RM CO 0.00 0.000 -3.31 -142.68 -142.68 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 4805 0.00 7.15 343.54 343.54 12/01/2013 Weld RM CO 000 0.000 3.21 154.83 154.83 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 46.20 0.00 -7.33 -338.66 -338.66 12/01/2013 Weld RM CO 0.00 0.000 -3.29 -152.64 -152.64 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 54.15 0.00 0.68 36.82 36.82 01/01/2014 Weld RM CO 0.00 0.000 0.30 16.59 16.59 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 51.51 0.00 -0.69 -35.54 -35.54 01/01/2014 Weld RM CO 0.00 0.000 -0.31 -16.00 -16.00 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 53.86 0.00 1.48 79.72 79.72 02/01/2014 Weld RM CO 0.00 0.000 0.66 35.92 35.92 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 52.30 000 -2.93 •153.23 -153.23 02/01/2014 Weld RM CO 0.00 0.000 -1.33 -69.05 -89.05 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 37.73 000 3.31 124.88 124.88 03/01/2014 Weld RM CO 0.00 0.000 1.49 56.27 56.27 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 38.52 0.00 -2.88 -110.93 -110.93 03/01/2014 Weld RM CO 0.00 0000 -1.31 -49.99 -49.99 65415 MELBON RANCH 23.17 (J) 400 0.0625000000 38.32 0.00 3.18 121.85 121.85 04/01/2014 Weld RM CO 0.00 0.000 1.45 54.91 54.91 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 39.47 0.00 -2.83 -111.70 -111.70 04/01/2014 Weld RM CO 0.00 0.000 -1.28 -50.34 -50.34 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 36.86 0.00 3.10 114.28 114.28 05/01/2014 Weld RM CO 0.00 0.000 1.41 51.52 51.52 65415 MELBON RANCH 2-4-17 (J) 400 0O625000000 34.11 0.00 -2.62 -89.38 -89.38 05/01/2014 Weld RM CO 0.00 0.000 -1.19 -40.29 -40.29 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 37.81 0.00 3.03 114.56 114.56 06/01/2014 Weld RM CO 0.00 0.000 1.38 5164 51.64 65415 MELBON RANCH 2.4.17 (J) 400 0.0625000000 40.91 0.00 -2.64 -10801 -108.01 06/01/2014 Weld RM CO 0.00 0.000 -1.19 -48.67 -48.67 65415 MELBON RANCH 2.4-17 (J) 400 0.0625000000 36.31 0.00 2.63 95.49 95.49 07/01/2014 Weld RM CO 0.00 0.000 1.19 43.04 43.04 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 38.58 0.00 -2.36 -91.05 -91.05 07/01/2014 Weld RM CO 0.00 0.000 -1.06 -41.03 -41.03 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Page 45 Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 QRA Check Number: Check Date: Check Amount: Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mct) Well Gross Value $ Well Sev Tax S Tax Type Cd Well Deducts 5 Ded Cd Well Net Value $ Sales Date County Int Type State MMBTU Avg Price BTU Factor Owner Vol (mcf) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 65415 MELBON RANCH 2-4-17 (J) 400 0.0625000000 31.06 0.00 2.30 71.44 71.44 12/01/2016 Weld RM CO 0.00 0.000 104 32.19 32.19 65415 - MELBON RANCH 2-4-17 (J) Subtotal: 0.57 000 -6.34 6.91 67265 ELMQUIST 0-0-23 (C) 200 0.0004726563 355 172.87 172.87 614.08 57.77 03 556.31 01/01/2013 Weld RM CO 355 1.000 0.52 1.88 0.18 1.70 67265 ELMQUIST 0-0-23 (C) 200 0.0004726563 3.54 •178.32 -163.00 -577.83 -55.28 03 -522.55 01/01/2013 Weld RM CO 3.24 1.094 -0.50 -1.76 -0.16 -1.60 67265 ELMQUIST 0-0-23 (C) 200 0.0004726563 4.33 120.82 120.82 522.94 43.50 03 479.44 05/01/2013 Weld RM CO 4.33 1.000 0.36 1.60 0.14 1.46 67265 ELMQUIST 0-0-23 (C) 200 0.0004726563 4.34 -140.85 -124.76 -540.98 -43.50 03 -497.48 05/01/2013 Weld RM CO 3.84 1.129 -0.38 -1.64 -0.14 -1.50 67265 ELMQUIST 0-0-23 (C) 200 0.0004726563 4.31 124.58 124.58 536.82 44.62 03 492.20 06/01/2013 Weld RM CO 4.31 1.000 0.38 1.64 0.14 1.50 67265 ELMOUIST 0-0-23 (C) 200 0.0004726563 4.31 -143.21 -127.07 -548.23 -44.62 03 -503.61 06/01/2013 Weld RM CO 3.83 1.127 -0.38 -1.68 -0.14 -1.54 67265 ELMQUIST 0-0-23 (C) 200 0.0004726563 3.68 88.78 88.78 326.51 31.45 03 293.65 09/01/2013 Weld RM CO 3.68 1.00C 0.28 1.00 0.10 090 1.41 15 0.00 67265 ELMQUIST 0-0-23 (C) 200 0.0004726563 3.68 -99.00 -87.77 -323.22 -31.45 03 -291.77 09/01/2013 Weld RM CO 3.26 1.128 -0.26 -0.98 -0.10 -0.88 67265 ELMQUIST 0-0-23 (C) 200 0.0004726563 4.06 96.47 96,47 392.08 34.08 03 358.00 12/01/2013 Weld RM CO 4.06 1.000 0.30 1.20 0.10 1.10 67265 ELMQUIST 0-0-23 (C) 200 0.0004726563 4.06 -106.62 -95.54 -387.93 -13.08 03 -374.85 12/01/2013 Weld RM CO 3.64 1.116 -0.30 -1.18 -0.04 -1.14 67265 ELMQUIST 0-0-23 (C) 200 0.0004726563 4.87 14.30 14.30 69.71 523 03 64.48 01/01/2014 Weld RM CO 4.87 1.000 0.04 0.22 0.02 0.20 67265 ELMQUIST 0-0.23 (C) 200 0.0004726563 4.89 -15.69 -14.05 -68.66 -5.23 03 -63.43 01/01/2014 Weld RM CO 4.38 1.117 -0.04 -0.20 -002 -0.18 67265 ELMQUIST 0-0-23 (C) 200 0.0004726563 6.01 84.49 84.49 507.56 28.02 03 479.54 02/01/2014 Weld RM CO 6.01 1.000 0.26 1.54 0.08 1.46 67265 ELMQUIST 0-0-23 (C) 200 0.0004726563 6.29 -84.44 -71.08 -44733 -28.02 03 -419.31 02/01/2014 Weld RM CO 5.30 1.188 -0.22 -1.36 -0.08 -128 67265 ELMQUIST 0-0-23 (C) 200 0.0004726563 5.90 110.13 110.13 649.37 4079 03 608.58 03/01/2014 Weld RM CO 5.90 1.000 0.34 1.98 0.12 1.86 67265 ELMQUIST 0-0-23 (C) 200 0.0004726563 6.26 -123.5: -103.11 -645.30 -18.29 03 -627.01 03/01/2014 Weld RM CO 5.22 1.198 -0.32 -1.96 -0.06 -1.90 67265 ELMQUIST 0-0-23 (C) 200 0.0004726563 4.80 116.08 116.08 556.90 43.04 03 513.86 04/01/2014 Weld RM CO 4.80 1.000 0.36 1.70 0.14 1.56 67265 ELMQUIST 0-0-23 (C) 200 0.0004726563 4.93 -127.16 -109 34 -539.02 -43.04 03 -495,98 04/01/2014 Weld RM CO 4.24 1.163 -0.34 -1.64 -0.14 -1.50 67265 ELMOUIST 0-0-23 (C) 200 0.0004726563 4.73 106.23 106.23 502.56 39.47 03 463.09 06/01/2014 Weld RM CO 4.73 1.000 0.32 1.54 0.12 1.42 67265 ELMQUIST 0-0-23 (C) 200 0.0004726563 4.89 -117.33 -99.60 -486.88 -39.47 03 -447.41 06/01/2014 Weld RM CO 4.15 1.178 -0.30 -1.48 -0.12 -1.36 67265 ELMQUIST 0-0-23 (C) 200 0.0004726563 4.64 103.60 103.60 480.97 37.34 03 443.63 0710112014 Weld RM CO 4.64 1.000 0.32 1.46 0.12 1,34 67265 ELMQUIST 0-0-23 (C) 200 0.0004726563 449 -117.77 -109.66 -492.09 -37.34 03 .454.75 07/01/2014 Weld RM CO 4.18 1.074 -0.34 -1.50 -0.12 -1.38 67265 ELMOUIST 0-0-23 (C) 400 0.0004726563 44.60 0.00 1400 624.33 624.33 01/01/2013 Weld RM CO 000 0.000 0.04 1.90 1.90 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 50.38 0.00 -14.90 -750.73 -750.73 01/01/2013 Weld RM CO 0.00 0.000 -004 -2.28 -2.28 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 40.14 0.00 11.00 441.55 441.55 02/01/2013 Weld RM CO 0.00 0.000 0.04 1.34 1.34 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 43.06 0.00 -11.38 -48999 -489.99 02/01/2013 Weld RM CO 0.00 0.000 -0.04 -1.50 -1.50 Page 46 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (met) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value S Sales Date County Int Type State MMBTU Avg Price BTU Factor Owner Vol (mcl) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 36.91 0.00 10.09 401.92 401.92 03/01/2013 Weld RM CO 0.00 0.000 0.04 1.22 1.22 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 38.81 0.00 -11.81 -458.33 -458.33 0 310 11201 3 Weld RM CO 0.00 0.000 -0.04 -1.40 -1.40 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 34.85 0.00 11.64 40568 405.68 04/01/2013 Weld RM CO 0.00 0.000 0.04 • 1.24 1.24 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 32.79 0.00 -10.52 -344.92 -344.92 04/01/2013 Weld RM CO 0.00 0.000 -0.04 -1.06 -1.06 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 31.69 0.00 12.55 397.71 397.71 05/01/2013 Weld RM CO 0.00 0.000 0.04 1.22 1.22 67265 ELMQUIST 0-0.23 (C) 400 0.0004726563 31.65 0.00 -10.48 -331.72 -331.72 05/01/2013 Weld RM CO 0.00 0.000 -0.04 -102 -1.02 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 30.24 0.00 12.73 385.01 385.01 06/01/2013 Weld RM CO 0.00 0.000 0O4 1.18 1.18 67265 ELMQUIST 0-0-23(C) 400 0.0004726563 30.30 0.00 -11.10 -336.32 -336.32 06/01/2013 Weld RM CO 0.00 0.000 -0.04 -1.02 -1.02 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 33.16 0.00 12.41 411.55 411.55 07/01/2013 Weld RM CO 0.00 0.000 0.04 1.26 1.26 67265 ELMOUIST 0-0-23 (C) 400 O0004726563 33.27 0.00 -11.07 -368.29 -368.29 07/01/2013 Weld RM CO 0.00 0.000 -0.04 -1.12 -1.12 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 38.56 0.00 9.80 377.86 377.86 08/01/2013 Weld RM CO 0O0 0.000 0O2 1.16 1.16 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 37.00 0.00 -8.43 -311.89 -311.89 08/01/2013 Weld RM CO 0.00 0.000 -0.02 -0.96 -0.96 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 36.93 0.00 8.68 320.54 320.54 09/01/2013 Weld RM CO 0O0 0.000 0.02 0.98 0.98 67265 ELMQUIST 0-0.23 (C) 400 0.0004726563 36.64 0.00 -8.24 -301.88 -301.88 09/01/2013 Weld RM CO 0.00 0.000 -0.02 -0.92 -0.92 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 38.84 0.00 13.18 511.92 511.92 10/01/2013 Weld RM CO 0.00 0.000 0.04 156 1.56 87265 ELMQUIST 0.0-23 (C) 400 0.0004726563 38.39 0.00 -12.40 -476.04 -476.04 10/01/2013 Weld RM CO 0.00 0.000 -0.04 -1.46 -1.46 67265 ELMQUIST O-0-23 (C) 400 0.0004726563 40.74 0.00 11.82 481.56 481.56 11/01/2013 Weld RM CO 0.00 0.000 0.04 1.46 1.46 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 40.97 0.00 -10.74 -440.05 -440.05 11/01/2013 Weld RM CO 0.00 0.000 -0.04 -1.34 -1.34 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 44.27 0.00 9.59 424.59 424.59 12/01/2013 Weld RM CO 0.00 0.000 0.02 1.30 1.30 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 44.46 0.00 -9.05 -402.33 -402.33 12/01/2013 Weld RM CO 0.00 0.000 -0.02 -1.22 -1.22 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 51.01 0.00 1.53 78.05 78.05 01101/2014 Weld RM CO 0.00 0.000 0.00 0.24 0.24 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 5440 0.00 -1.64 -89.21 -89.21 01/01/2014 Weld RM CO 0O0 0O00 0.00 -O28 -0.28 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 61.40 0.00 3.71 227.78 227.78 02/01/2014 Weld RM CO 0.00 0.000 0.02 0.70 070 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 54.65 0.00 -8.52 -465.63 -465.63 02/01/2014 Weld RM CO 0O0 0O00 -0.02 -1.42 -1.42 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 44.63 0.00 9.79 436.88 436.88 03/012014 Weld RM CO 0.00 0.000 0.02 1.34 1,34 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 40.84 0.00 -1260 -514.53 -514.53 03/01/2014 Weld RM CO 0.00 0.000 -0.04 -1.56 -1.56 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 45.70 0O0 10.25 468.41 468.41 04/01/2014 Weld RM CO 0.00 0.000 0.04 1.42 1.42 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 44.28 0.00 -13.95 -617.66 617.66 04/01/2014 Weld RM CO 0.00 0.000 -0.04 -1.88 -1.88 67265 ELMQUIST 0.0-23 (C) 400 0.0004726563 43.87 0.00 9.47 415.41 415.41 05/01/2014 Weld RM CO O00 0.000 0.02 1.26 126 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Page 47 Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 QRA Check Number: Check Date: Check Amount: Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Well Number Property Name PC Entitlement Decimal SOD Pnce MCF Avg Price Wh MMBTU Well Gross Vol (mct) Well Gross Value $ Welt Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date Coun ty Int Type Slate MMBTU Avg Price BTU Factor Owner Vol (mct) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 67265 ELMQUIST 0.0-23 (C) 400 0.0004726563 38.11 0.00 -11.95 -455.45 -45545 05/01/2014 Weld RM CO 0.00 0.000 -0.04 -1.38 -1.38 67265 ELMQUIST0-0-23(C) 400 0O004726563 41.93 0.00 11.13 466.71 466.71 06/01/2014 Weld RM CO 0.00 0.000 0.04 1.42 1.42 67265 ELMQUIST 0-0-23 (C) 400 0.0004726563 45.80 0.00 -12.26 -561.53 -561.53 06/01/2014 Weld RM CO 0.00 0.000 -0.04 -1.72 -1.72 67265 - ELMQUIST 0-0-23 (C) Subtotal: -0.96 0.00 0.14 -1.10 67266 ELMQUIST 0-0-23 (N) 200 0.0004726563 3.55 172.87 172.87 614.08 57.77 03 556.31 01/01/2013 Weld RM CO 3.55 1.000 0.52 1.88 0.18 1.70 67266 ELMOUIST 0-0-23 (N) 200 0.0004726563 3.54 -178.32 -163.00 -577.83 -55.28 03 -522.55 01/01/2013 Weld RM CO 3.24 1.094 -0.50 -1.76 -0.16 -1.60 67266 ELMQUIST 0-0-23 (N) 200 0.0004726563 4.33 120.82 120.82 522.94 43.50 03 479.44 05/01/2013 Weld RM CO 4.33 1.000 0.36 1.60 0.14 1.46 67266 ELMOUIST 0-0-23 (N) 200 0.0004726563 4.34 -140.85 -124.76 -540.98 -43.50 03 -497.48 05/01/2013 Weld RM CO 3.84 1.129 -0.38 -1.64 -0.14 -1.50 67266 ELMQUIST 0.0-23 (N) 200 0.0004726563 4.31 124.58 124.58 536.82 44.62 03 492.20 06/01/2013 Weld RM CO 4.31 1.000 0.38 1.64 0.14 1.50 67266 ELMQUIST 0-0-23 (N) 200 0.0004726563 4.31 -143.21 -127.07 -548.23 -44.62 03 -503.61 06/01/2013 Weld RM CO 3.83 1.127 -0.38 -1.68 -0.14 -1.54 67266 ELMQUIST 0-0-23 (N) 200 0.0004726563 3.68 88.78 88.78 326.51 31.45 03 293.65 09/01/2013 Weld RN CO 3.68 1.000 0.28 1.00 0.10 0.90 1.41 15 0.00 67266 ELMQUIST 0-0-23 (N) 200 0.0004726563 3.68 -99.00 -87.77 -323.22 -31.45 03 -291.77 09/01/2013 Weld RM CO 3.26 1.128 -0.26 -0.98 -0.10 -0.88 67266 ELMQUIST 0-0-23 (N) 200 0O004726563 4.06 96.47 96.47 392.08 34.08 03 358.00 12/01/2013 Weld RM CO 4.06 1.000 0.30 1.20 0.10 1.10 67266 ELMQUIST 0-0-23 (N) 200 0.0004726563 4.06 -106.62 -95.54 -387.93 -52.81 03 -335.12 12/01/2013 Weld RM CO 364 1.116 -0.30 -1.18 -0.16 -1.02 67266 ELMQUIST 0-0-23 (N) 200 0.0004726563 6.01 84.49 84.49 507.56 28O2 03 479.54 02/01/2014 Weld RM CO 6.01 1.000 0.26 1.54 0.08 1.46 67266 ELMQUIST 0-0-23 (N) 200 0.0004726563 6.29 -84.44 -71.08 -447.33 -28.02 03 -419.31 02/01/2014 Weld RM CO 5.30 1.188 -0.22 -1.36 -0.08 -1.28 67266 ELMQUIST 0-0-23 (N) 200 0.0004726563 5.90 97.88 97.88 577.12 36.25 03 540.87 03/01/2014 Weld RM CO 5.90 1.000 0.30 1.76 0.12 1.54 67266 ELMQUIST 0-0-23 (N) 200 0.0004726563 6.26 -109.77 -91.63 -573.46 -18.46 03 -555.00 03/01/2014 Weld RM CO 5.22 1.198 -0.28 -1.74 -0.06 -1.68 67266 ELMQUIST 0-0-23 (N) 200 0.0004726563 4.80 103.02 103.02 494.26 38.20 03 456.06 04/01/2014 Weld RM CO 4.80 1.000 0.32 1.50 0.12 1.38 67266 ELMQUIST 0-0-23 (N) 200 0.0004726563 4.93 -112.85 -97.03 -478.36 -38.20 03 -440.16 04/01/2014 Weld RM CO 4.24 1.163 -0.30 •1.46 -0.12 -1,34 67266 ELMQUIST 0-0-23 (N) 200 0.0004726563 4.73 94.41 94.41 446.67 35.08 03 411.59 06/01/2014 Weld RM CO 4.73 1.000 0.28 1.36 0.10 1.26 67266 ELMQUIST 0-0-23 (N) 200 0.0004726563 489 -104.30 -88.54 -432.82 -35.08 03 -397.74 06/01/2014 Weld RM CO 4.15 1.178 -0.26 -1.32 -0.10 -1.22 67266 ELMQUIST 0-0-23 (N) 200 0.0004726563 464 92.12 92.12 427.66 33.20 03 394.46 07/01/2014 Weld RN CO 464 1.000 0.28 1.30 0.10 1.20 67266 ELMQUIST 0-0.23 (N) 200 0.0004726563 4.49 -104.72 -97.50 -437.52 -3320 03 -404.32 07101/2014 Weld RN CO 4.18 1.074 -0.30 •1.34 -0.10 -1,24 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 44.60 0.06 14.00 624.33 624.33 01/01/2013 Weld RM CO 0.00 0.000 0.04 1.90 1.90 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 50.38 0.00 -14.90 -750.73 -750.73 01/01/2013 Weld RM CO 0.00 0.000 -0.04 -2.28 -2.28 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 40.14 0.00 11.00 441.55 441.55 02/01/2013 Weld RM CO 0.00 0.000 0.04 1.34 1.34 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 43.06 0.00 -11.38 -489.99 -489.99 02/01/2013 Weld RM CO 0.00 0.000 -0.04 -1.50 -1.50 Page 48 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mc0 Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date County Int Type State MMBTU Avg Price BTU Factor Owner Vol (mct) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 36.91 0.00 10.89 401.92 401.92 03/01(2013 Weld RM CO 0.00 0.000 0.04 1.22 1.22 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 38.81 0.00 -11.81 -458.33 -458.33 03/01/2013 Weld RM CO 0.00 0.000 -0.04 -1.40 -1.40 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 34.85 0.00 11.64 405.68 405.68 04/01/2013 Weld RM CO 0.00 0.000 0.04 1.24 1.24 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 32.79 0.00 -10.52 -344.92 -344.92 04/01/2013 Weld RM CO 0.00 0.000 -0.04 -1.06 -1.06 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 31.69 0.00 12.55 397.71 397.71 05/01/2013 Weld RM CO 0.00 0.000 0.04 1.22 1.22 67266 ELMOUIST 0-0-23 (N) 400 0.0004726563 3165 0.00 -10.48 -331.72 -331.72 05/01/2013 Weld RM CO 0.00 0.000 -0.04 -1.02 -102 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 30.24 0.00 12.73 385.01 385.01 06/01/2013 Weld RM CO 0.00 0.000 0.04 1.18 1.18 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 30.30 0_00 -11.10 -336.32 -336.32 06/01/2013 Weld RM CO 0.00 0.000 -0.04 -1.02 -1.02 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 33.16 0.00 12.41 411.55 411.55 07101/2013 Weld RM CO 0.00 0.000 0.04 1.26 126 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 33.27 0.00 -11.07 -368.29 - -368.29 07/01/2013 Weld RM CO 0.00 0.000 -0.04 -1.12 -1.12 67266 ELMQUIST 0.0-23 (N) 400 0.0004726563 38.56 0.00 9.80 377.66 377.86 08/012013 Weld RM CO 0.00 0.000 0.02 1.16 1.16 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 3700 0.00 -6.43 -311.89 -311.89 08101/2013 Weld RM CO 0.00 0.000 -0.02 -0.96 -0.96 67266 ELMQUIST 0.0-23 (N) 400 0.0004726563 36.93 0.00 8.68 320.54 320.54 09101/2013 Weld RM CO 0.00 0.000 0.02 0.98 0.98 67286 ELMQUIST 0-0-23 (N) 400 0.0004726563 36.64 0.00 -8.24 -301.88 -301.88 09/01/2013 Weld RM CO 0.00 0.000 -0.02 -0.92 -0.92 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 38.84 0.00 13.18 511.92 511.92 10/01/2013 Weld RM CO 0.00 0.000 0.04 1.56 1.56 67266 ELMOUIST O -0.23(N) 400 0.0004726563 38.39 0.00 -12.40 -476.04 -476.04 10/01/2013 Weld RM CO 0.00 0.000 -0.04 -1.46 -1.46 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 40.74 0.00 11.82 481.56 481.56 11101/2013 Weld RM CO 0.00 0.000 0.04 1.46 1.46 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 40.97 0.00 -10.74 -440.05 -440.05 11/01/2013 Weld RM CO 0.00 0.000 -0.04 -1.34 -1.34 67286 ELMQUIST 0-0-23 (N) 400 0.0004726563 44.27 0.00 9.59 424.59 424.59 12/01/2013 Weld RM CO 0.00 0.000 002 130 1.30 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 44.46 0.00 -9.05 -402.33 -402.33 12/01/2013 Weld RM CO 0.00 0.000 -0.02 -1.22 -1.22 67266 ELMOUIST 0-0-23 (N) 400 0.0004726563 50.92 0.00 2.81 143.09 143.09 01/01/2014 Weld RM CO 0.00 0.000 0.00 0.44 0.44 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 54.52 0.00 -300 -163.56 -163.56 01/01/2014 Weld RM CO 0.00 0.000 0.00 -0.50 -0.50 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 61.40 0.00 3.71 227.78 227.78 02/01/2014 Weld RM CO 0.00 0.000 0.02 0.70 0.70 67266 ELMQUIST 0-0.23 (N) 400 0.0004726563 54.65 0.00 -8.52 -465.63 -465.63 02/01/2014 Weld RM CO 0.00 0.000 -0.02 -1.42 -1.42 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 44.63 0.0C 8.70 388.25 388.25 03/012014 Weld RM CO 0.00 0.000 0.02 1.18 1.18 67266 ELMQUIST 0.0-23 (N) 400 0.0004726563 40.86 0.0C -11.19 -457.24 -457.24 03/01/2014 Weld RM CO 0.00 0.000 -0.04 -1.40 -1.40 67266 ELMQUIST 0.0.23 (N) 400 0.0004726563 45.73 0.00 9.09 415.72 415.72 04/01/2014 Weld RM CO 0.00 0.000 0.02 1.26 1.26 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 44.28 0.00 -12.38 -548.15 -548.15 04/01/2014 Weld RM CO 0.00 0.000 -0.04 •1.68 -1.68 67266 ELMQUIST 0-0-23 (N) 400 0.0004726563 43.89 0.0C 8.41 369.15 369.15 05/01/2014 Weld RM CO 0.00 0.000 0.02 1.12 1.12 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com age QRA Check Number: Check Date: Check Amount: Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcf) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date Count y Int Type State MMBTU Avg Price BTU Factor Owner Vol (mct) Owner Gross Value $ Owner See Tax $ Owner Deducts S Owner Net Value $ 67266 ELMOUIST 0-0-23 (N) 400 0.0004726563 38.11 0.0C -10.62 -404.73 -404/3 05/01/2014 Weld RM CO 0.00 0.000 -0.04 -1.24 -124 67266 ELMOUIST 0-0-23 (N) 400 0.0004726563 41.95 0.00 9.89 414.87 414.87 06/01/2014 Weld RM CO 0.00 0.000 0.04 1.26 1.26 67266 ELMOUIST 0-0-23 (N) 400 0.0004726563 45.79 0.00 -10.90 -499.13 -499.13 06/01/2014 Weld RM CO 0.00 0.000 -0.04 -1.52 -1.52 67266 - ELMOUIST 0-0-23 (N) Subtotal: -0.96 0.00 0.02 -0.98 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 3.55 17237 172.37 612.30 58.65 03 553.65 01/01/2013 Weld RM CO 3.55 1.000 77.68 275.98 26.44 249.54 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 3.56 -190.36 -174.00 -620.06 -58.65 03 -561.41 01/01/2013 Weld RM CO 3.26 1.094 -78.43 -279.46 -26.43 -253.03 69639 MELBON RANCH 2-4-17 (C) 200 0.0625000000 3.50 111.04 111.04 388.52 38.80 03 349.72 02/01/2013 Weld RM CO 3.50 1.000 50.04 175.10 1749 157.61 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 3.51 -124.72 •114.00 -400.17 -38.80 03 -361.37 02/01/2013 Weld RM CO 3.21 1.094 -51.38 -180.36 -17.49 -162.87 69839 MELBON RANCH 2-4.17 (C) 200 0.0625000000 3.64 113.62 113.62 413.89 39.69 03 366.28 03/01/2013 Weld RM CO 3.64 1.000 51.21 186.54 17.90 165.08 7.92 15 3.56 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 3.64 -124.62 -113.60 -414.02 -39.69 03 -374.33 03/01/2013 Weld RM CO 3.32 1.097 -51.20 -186.61 -17.90 -168.71 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 4.19 98.87 98.87 414.47 34.97 03 379.50 04/01/2013 Weld RM CO 4.19 1.000 44.55 188.80 15.75 171.05 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 4.19 -110.46 -99.16 -415.97 -34.97 03 -381.00 04/01/2013 Weld RM CO 3.77 1.114 -44.69 -187.47 -15.75 -171.72 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 4.33 86.98 86.98 376.49 31.72 03 344.77 05/01/2013 Weld RM CO 4.33 1.000 39.21 169.68 14.30 155.38 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 4.34 -99.18 -87.85 -380.93 -31/2 03 -349.21 05/01(2013 Weld RM CO 3.84 1.129 -39.58 -171.70 -14.30 -157.40 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 4.31 99.10 99.10 427.06 3597 03 391.09 06/01/2013 Weld RM CO 4.31 1.000 44.66 19247 16.21 176.26 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 4.31 -109.50 -97.16 -419.17 -35.97 03 -383.20 06/01/2013 Weld RM CO 3.83 1.127 -4378 -188.93 -16.21 -172.72 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 3.86 19.75 19.75 76.28 7.23 03 69.05 07/01/2013 Weld RM CO 3.86 1.000 8.91 34.38 3.25 31.13 69839 MELBON RANCH 2-417 (C) 200 0.0625000000 3.87 -22.02 -19.35 -74.85 -7.23 03 -67.62 07/01/2013 Weld RM CO 3.40 1.138 -8.73 -33.75 -3.25 -30.50 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 3.73 21.90 21.90 81.75 7.76 03 73.99 08/01/2013 Weld RM CO 3.73 1.000 9.87 36.64 3.50 33.34 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 3.74 -24.20 -21.25 -79.45 -7.76 03 -71.69 08/01/2013 Weld RM CO 328 1.139 -9.58 -3581 -3.50 -32.31 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 3.68 2732 27.32 100.49 9.81 03 90.23 09/01/2013 Weld RM CO 3.68 1.000 12.31 45.30 4.41 40,68 0.45 15 0.21 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 3.68 -30.43 -26.98 -99.35 -9.81 03 -89.54 09/01/2013 Weld RM CO 3.26 1.128 -12.16 44.78 -4.41 -40,37 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 3.77 7074 70.74 266.52 25.20 03 241.32 10/01/2013 Weld RM CO 3.77 1.000 31.88 120.12 11.36 108.76 69839 MELBON RANCH 2-4.17 (C) 200 0.0625000000 3.76 -78.25 -69.74 -262.46 -25.20 03 -237.26 10/01/2013 Weld RM CO 3.35 1.122 -31.42 -118.29 -11.36 -106.93 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 3.98 52.03 52.03 206.84 18.46 03 188.38 11/01/2013 Weld RM CO 3.98 1.000 23.43 93.23 8.32 84.91 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 4.02 -58.13 -51.08 -205.39 -18.46 03 •186.93 11/01/2013 Weld RM CO 3.53 1.138 -23.00 -92.58 -8.32 -84.26 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 406 47.68 47.68 193.78 17.07 03 178.71 12/01/2013 Weld RM CO 4.06 1.000 21.49 87.33 7.68 79.65 69839 MELBON RANCH 2-417 (C) 200 0.0625000000 4.06 -52.71 -47.23 -191.75 -3.69 03 -188.06 12/0112013 Weld RM CO 3.64 1.116 -21.30 -86.41 -1.67 -84,74 Page 50 Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcg Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales CW ntyDale Int Type State MMBTU Avg Price BTU Factor Owner Vol (mc0 Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value S 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 4.87 30.42 30.42 148.25 11.25 03 137.00 01/01/2014 Weld RM CO 4.87 1.000 13.72 66.82 5.08 61.74 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 4.89 -33.83 -30.29 -147.99 -11.25 03 -136.74 01/01/2014 Weld RM CO 4.37 1.117 -13.66 -66.70 -5.08 -61.62 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 6.01 70.39 70.39 422.86 22.35 03 400.51 02/01/2014 Weld RM CO 6.01 1.000 31.71 190.58 10.08 180.50 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 6.29 -67 70 -56.99 -358.66 -22.35 03 -336.31 02/01/2014 Weld RM CO 5.30 1.188 -2569 -161.65 -10.08 -151.57 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 5.90 63,03 63.03 371.65 23.35 03 348.30 03/01/2014 Weld RM CO 5.90 1.000 28.39 167.51 10.52 156.99 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 6.26 •70.98 -59.25 -370.82 -21.03 03 -349.79 03/01/2014 Weld RM CO 5.22 1.198 -26.72 •167.14 -9.48 -157.66 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 4.80 60.99 60.99 29263 22.62 03 270.01 04/01/2014 Weld RM CO 4.80 1.000 27.49 131.89 10.19 121.70 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 4.93 -68.27 -58.70 -289.41 -22.62 03 -266.79 04/01/2014 Weld RM CO 424 1.162 -26.46 -130.44 -10.19 -120.25 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 4.92 59.05 59.05 290.67 21.99 03 258.78 05/01/2014 Weld RM CO 492 1.000 26.63 131.02 9.91 115.74 11.90 15 5.37 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 5.22 -63.02 -54.05 -282.04 -21.99 03 -260.05 05/01/2014 Weld RM CO 4.48 1.166 -24.35 -127 11 -9.91 -117.20 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 4.73 60.77 60.77 287.52 22.49 03 265.03 06/01/2014 Weld RM CO 4.73 1.000 27.39 129.58 10.15 119.43 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 4.89 -68.74 -58.35 -285.24 -22.49 03 -262.75 06/01/2014 Weld RM CO 4.15 1.178 -26.31 -128.56 -10.15 -118.41 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 4.64 54.93 54.93 255.01 19.71 03 235.30 07/01/2014 Weld RM CO 4.64 1.000 24.75 114.94 8.90 106.04 69839 MELBON RANCH 2-4-17 (C) 200 0.0625000000 4.49 -62.72 -58.40 -262.07 -19.71 03 -242.36 07/01/2014 Weld RM CO 4.18 1.074 -26.32 -118.13 -8.90 -109.23 69839 MELBON RANCH 2.4-17 (C) 200 0.0625000000 3.17 52.39 52.39 165.90 19.29 03 146.61 12/01/2016 Weld RM CO 3.17 1.000 23.60 74.78 8.70 66.08 69839 MELBON RANCH 2-4-17 (C) 300 0.0625000000 39.69 0.00 45.24 1,795.41 1,795.41 11/01/2016 Weld RM CO 0.00 0.000 2.83 112.21 112.21 69839 MELBON RANCH 2-4-17 (C) 300 0.0625000000 39.70 0.00 -45.24 -1.796.09 -1,796.09 11/01/2016 Weld RM CO 0.00 0.000 -2.83 -112.26 -112.26 69839 MELBON RANCH 2-4-17 (C) 300 0.0625000000 45.93 0.00 26.40 1,212.57 1,212.57 12/01/2016 Weld RM CO 0.00 0.000 1.65 75.79 75.79 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 49.27 0.00 13.54 667.05 667.05 01/01/2013 Weld RM CO 0.00 0.000 6.11 300.64 300.64 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 47.43 0.00 -12.71 -602.83 -802.83 01/01/2013 Weld RM CO 0.00 0.000 -5.72 -271.70 -271.70 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 45.19 0.00 1804 453.66 453.66 02/0112013 Weld RM CO 0.00 0.000 4.52 204.46 204.46 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 40.33 0.00 -9.07 -365.81 -365.81 02/01/2013 Weld RM CO 0.00 0.000 -4.08 -164.87 -16487 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 41.84 000 10.17 425.55 425.55 03/01/2013 Weld RM CO 0.00 0.000 4.58 191.80 191.80 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 43.89 0.00 -10.79 -473.58 -473.58 03701/2013 Weld RM CO 0.00 0.000 -4.86 -213.46 -213.46 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 39.91 0.00 8.87 354.01 354.01 04/01/2013 Weld RM CO 0.00 0.000 3.99 159.56 159.56 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 41.47 0.00 -9.36 -388.14 -388.14 04/01/2013 Weld RM CO 0.00 0.000 -4.22 -174.94 -174.84 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 36.27 0.00 8.58 311.18 311.18 05/01/2013 Weld RM CO 0.00 0.000 3.87 140.24 140.24 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 41.01 0.00 -8.64 -354.32 -354.32 05/01/2013 Weld RM CO 0.00 0.000 -3.90 -159.70 -159.70 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Page 51 QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mct) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date Count y lot Type State MMBTU Avg Price BTU Factor Owner Vol (mcr) Owner Gross Value $ Owner Sev Tax S Owner Deducts S Owner Net Value S 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 34.76 0.00 963 334.75 334.75 06/01!2013 Weld RM CO 0.00 0.000 4.35 150.88 150.88 69839 MELBON RANCH 2.4-17 (C) 400 0.0625000000 40.72 0.00 -10.48 -426.78 -42678 06/01/2013 Weld RM CO 0.00 0.000 -4.73 -192.36 -192.36 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 37.88 0.00 194 73.48 73.48 07/01/2013 Weld RM CO 0.00 0.000 088 33.12 33.12 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 41.93 0.00 -2.14 -89.73 -89.73 07/01/2013 Weld RM CO 0.00 0.000 -0.98 -40.43 -40.43 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 39.06 0.00 2.06 80.47 80.47 08/01/2013 Weld RM CO 0.00 0.000 0.94 36.25 36.25 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 45.33 0.00 -2.14 -9701 -97.01 08/01/2013 Weld RM CO 0.00 0.000 -098 -43.70 -43.70 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 41.24 0.00 2.55 105.15 105.15 09/01/2013 Weld RM CO 0.00 0.000 1.15 47.40 47.40 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 3895 0.00 -262 •102.06 -102.06 09/01/2013 Weld RM CO 0.00 0.000 -1.19 -46.00 -46.00 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 39.68 0.00 6.90 273.78 273.78 10/01/2013 Weld RM CO 0.00 0,000 3.11 123.38 123.38 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 40.57 0.00 -671 -272.23 -272.23 10/01/2013 Weld RM CO 0.00 0000 -3.03 -122.70 -122.70 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 41.39 0.00 493 204.05 204.05 11/01/2013 Weld RM CO 0.00 0.000 2.22 91.97 91.97 69839 MELBON RANCH 2-417 (C) 400 0.0625000000 43.00 0.00 -4.64 -199.54 -199.54 11/01/2013 Weld RM CO 0.00 0.000 -2.09 •89.93 -89.93 69839 MELBON RANCH 2-417 (C) 400 0.0625000000 47.99 000 4.51 216.42 216.42 12/01/2013 Weld RM CO 0.00 0.000 2.04 97.55 97.55 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 46.18 0.0C -4.62 -213.36 -213.36 12/01/2013 Weld RM CO 0.00 0.000 -2.08 -96.17 -96.17 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 53.76 0.00 3.08 165.57 165.57 01/01/2014 Weld RM CO 0.00 0.000 1.40 74.62 74.62 69839 MELBON RANCH 2-417 (C) 400 0.0625000000 52.08 0.00 -3.07 -159.88 -159.88 01/01/2014 Weld RM CO 0.00 0.000 -1.40 -72.06 -72.06 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 53.91 0.00 2.96 159.58 159.58 02/01/2014 Weld RM CO 0.00 0.000 1.35 7192 71.92 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 52.33 0.00 -5.86 -306.66 -306.66 02/01/2014 Weld RM CO 0.00 0000 -2.65 -138.21 -138.21 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 37.73 0.00 6.62 249.79 24979 03/01/2014 Weld RM CO 000 0.000 299 112.58 112.58 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 38.52 0.00 -5.76 -221.85 -221.85 03/01/2014 Weld RM CO 0.00 00013 -2.60 -100.00 -100.00 69839 MELBON RANCH 2-417 (C) 400 0.0625000000 38.32 0.00 6.36 243.72 243.72 04/01/2014 Weld RM CO 000 0,000 286 109.85 109.85 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 39.26 0.00 -5.69 -223.39 -223.39 04/01/2014 Weld RM CO 0.00 0.000 -2.56 -100.69 -100.69 69839 MELBON RANCH 2-417 (C) 400 0.0625000000 36.86 0.00 6.20 228.55 228.55 05/01/2014 Weld RM CO 000 0.000 2.79 102.99 102.99 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 34.12 0.00 -5.24 -178.77 -178.77 05/01/2014 Weld RM CO 0.00 0.000 -2.35 -80.57 -80.57 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 37.76 0.00 6.07 229.18 229.18 06/01/2014 Weld RM CO 0.00 0.000 2.73 103.29 103.29 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 41.06 0.00 -5.26 -216.00 -216.00 06/01/2014 Weld RM CO 0.00 0.000 -2.36 -97.36 -97.36 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 36.30 0.0C 5.26 190.96 190.96 07/01/2014 Weld RM CO 0.00 0.000 2.36 86.05 86.05 69839 MELBON RANCH 2-4-17 (C) 400 0O625000000 38.42 0.00 -4.74 -182.11 -182.11 07/01/2014 Weld RM CO 0.00 0.000 -2.13 -82.08 -82.08 69839 MELBON RANCH 2-4-17 (C) 400 0.0625000000 31.12 0.00 4.59 142.86 142.86 12/01/2016 Weld RM CO 0.00 0.000 2.08 64.41 64.41 Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Page 52 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcf) Well Gross Value 4 Well Sev Tax § Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date County IM Type State MMBTU Avg Price BTU Factor Owner Vol (mcf) Owner Gross Value $ Owner Sev Tax § Owner Deducts $ Owner Net Value $ 69839 - MELBON RANCH 2-4-17 (C) Subtotal: 196.78 0.00 24.90 171.88 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 3.55 172.37 17237 612.30 58.65 03 55365 01/01/2013 Weld RM CO 3.55 1.000 7768 275.98 26.44 249.54 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 3.56 -190.36 -174.00 -620.06 -58.65 03 -561.41 01/01/2013 Weld RM CO 3.26 1.094 -78.43 -279.46 -26.43 -253.03 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 3.50 111.04 111.04 388.52 38.80 03 349.72 02/01/2013 Weld RM CO 3.50 1.000 50.04 175.10 17.49 157.61 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 3.51 -12472 -114.00 -400.17 -38.80 03 -361.37 02/01/2013 Weld RM CO 3.21 1.094 -51.38 -180.36 -17.49 -162.87 69840 MELBON RANCH 2-4-17 (t 200 0.0625000000 364 113.62 113.62 413.89 39.69 03 366.28 03101/2013 Weld RM CO 364 1.000 51.21 186.54 17.90 165.08 7.92 15 3.56 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 3.64 -124.62 -113.60 -414.02 -39.69 03 -374.33 03/01/2013 Weld RM CO 3.32 1.097 -51.20 -186.61 -17.90 -168.71 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 4.19 98.87 98.87 41447 34.97 03 37960 04/01/2013 Weld RM CO 4.19 1.000 44.55 18680 15.75 171.05 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 4.19 -110.46 -99.16 -415.97 -34.97 03 -381.00 04/01/2013 Weld RM CO 3.77 1.114 -44.69 -18747 -15.75 -171.72 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 4.33 86.98 86.98 376.49 31.72 03 344.77 05/01/2013 Weld RM CO 4.33 1.000 39.21 169.68 14.30 155.38 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 4.34 -99.18 -87.85 -380.93 -31.72 03 -349.21 05/01/2013 Weld RM CO 3.84 1.129 -39.58 -171.70 -14.30 -157.40 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 4.31 99.10 99.10 427.06 35.97 03 391.09 06/01/2013 Weld RM CO 4.31 1.000 44.66 192.47 16.21 176.26 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 4.31 -109.50 -97.16 -419.17 -35.97 03 -383.20 06/01/2013 Weld RM CO 3.83 1.127 -43.78 -188.93 -16.21 -172.72 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 3.86 19.75 19.75 76.28 7.23 03 69.05 07/01/2013 Weld RM CO 3.86 1.000 8.91 34.38 3.25 31.13 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 3.87 -2202 -19.35 -74.85 -7.23 03 -67.62 07/01/2013 Weld RM CO 3_40 1.138 -8.73 -33.75 -3.25 -30.50 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 3.73 21.90 21.90 8175 7.76 03 73.99 08/01/2013 Weld RM CO 3.73 1.000 9.87 36.84 3.50 33.34 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 3.74 -24.20 -21.25 -79.45 -7.76 03 -71.69 08/01/2013 Weld RM CO 3.28 1.139 -9.58 -35.81 -3.50 -32.31 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 368 27.32 27.32 100.49 9.81 03 90.23 09/01/2013 Weld RM CO 3.68 1.000 12.31 45.30 4.41 40.68 0.45 15 021 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 3.68 -30.43 -26.98 -99.35 -9.81 03 -89.54 09/01/2013 Weld RM CO 3.26 1.128 -12.16 -44.78 -4.41 -40.37 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 3.77 70.74 70.74 266.52 25.20 03 241.32 10/01/2013 Weld RM CO 3.77 1.000 31.88 120.12 11.36 108.76 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 3.76 -78.25 -69.74 -262.46 -25.20 03 -237.26 10/01/2013 Weld RM CO 3.35 1.122 -3142 -118.29 -11.36 -106.93 69840 MELBON RANCH 2-417 (N) 200 0.0625000000 3.98 52.03 52.03 206.84 18.46 03 188.38 11/01/2013 Weld RM CO 3.98 1.000 23.43 93.23 8.32 84.91 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 4.02 -58.13 -51.08 -205.39 -18.46 03 -186.93 11/01/2013 Weld RM CO 3.53 1.138 -23.00 -92.58 -8.32 -84.26 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 4.06 47.68 47.68 19378 17.07 03 176.71 12/01/2013 Weld RM CO 4.06 1.000 21.49 87.33 7.68 79.65 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 4.06 -52.71 -47.23 -191.75 -0.07 03 -191.68 12/01/2013 Weld RM CO 3.64 1.116 -21.30 -86.41 -0.03 -86.38 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 4.87 30.42 30.42 148.25 11.25 03 137.00 01/01/2014 Weld RM CO 4.87 1.000 13.72 66.82 5.08 61.74 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 4.89 -33.83 -30.29 -147.99 -11.25 03 -136.74 01/01/2014 Weld RM CO 4.37 1.117 -13.66 -66.70 -5.08 -61.62 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 6O1 70.39 70.39 422.86 22.35 03 400.51 02/01/2014 Weld RM CO 6.01 1.000 31.71 190.58 10.08 180.50 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com age Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mch Well Gross Value $ Wet Sev Tax $ Tax Type Cd Well Deducts $ Dad Cd Well Net Value $ Sales Date County lot Type State MMBTU Avg Price BTU Factor Owner Vol (mot) Owner Gross Value $ Owner Bev Tax $ Owner Deducts $ Owner Net Value $ 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 6.29 -67.70 -56.99 -358.66 -22.35 03 -336.31 02/01/2014 Weld RM CO 5.30 1.188 -25.69 -161.65 -10.08 -151.57 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 5.90 63.03 63.03 371.65 23.35 03 348.30 03/01/2014 Weld RM CO 5.90 1.000 28.39 167.51 10.52 156.99 69840 MELBON RANCH 2.4.17 (N) 200 0.0625000000 6.26 -70.98 -59.25 -37082 -21.28 03 -349.54 03/01/2014 Weld RM CO 522 1.198 -26.72 -167.14 -9.60 -157.54 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 4.80 60.99 60.99 29263 22.62 03 27001 04/01/2014 Weld RM CO 4.80 1.000 27.49 131.89 10.19 121.70 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 4.93 -68.27 -58.70 -289.41 -22.62 03 -266.79 04/01/2014 Weld RM CO 4.24 1163 -26.46 -130.44 -10.19 -120.25 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 4.92 59.05 59.05 29067 21.99 03 256.78 05/01/2014 Weld RM CO 4.92 1.000 26.63 131.02 9.91 115.74 11.90 15 5.37 69840 MELBON RANCH 2-417 (N) 200 0.0625000000 522 -63.02 -54.05 -282.04 -21.99 03 -260.05 05/01/2014 Weld RM CO 4.48 1.166 -24.35 -127.11 -9.91 -11720 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 4.73 6077 60.77 287.52 22.49 03 265.03 06/01/2014 Weld RM CO 4.73 1.000 27.39 129.58 10.15 119.43 69840 MELBON RANCH 2-417 (N) 200 0.0625000000 4.89 -68.74 -58.35 -285.24 -22.49 03 -262.75 06/01/2014 Weld RM CO 4.15 1.178 -26.31 -128.56 -10.15 -11841 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 4.64 54.93 54.93 255.01 19.71 03 235.30 07/01/2014 Weld RM CO 464 1.000 24.75 114.94 8.90 106.04 69840 MELBON RANCH 2-4-17 (N) 200 0.0625000000 4.49 -62.72 -58.40 -262.07 -19.71 03 -242.36 07/01/2014 Weld RM CO 4.18 1.074 -26.32 •118.13 -8.90 -109.23 69840 MELBON RANCH 2.417 (N) 200 0.0625000000 3.17 52.39 52.39 165.90 19.29 03 14661 12/01/2016 Weld RM CO 3.17 1.000 23.60 74.78 870 66.08 69840 MELBON RANCH 2-4-17 (N) 300 0.0625000000 39.69 000 45.25 1.795.81 1,795.81 11/01/2016 Weld RM CO 0.00 0.000 2.83 112.24 112.24 69840 MELBON RANCH 2-4-17 (N) 300 0.0625000000 3970 0.00 -45.25 -1,796.49 -1,796.49 11/01/2016 Weld RM CO 0.00 0.000 -2.83 -112.28 -112.28 69840 MELBON RANCH 2-4-17 (N) 300 0O625000000 45.93 0.00 26.40 1.212.57 121257 12/01/2016 Weld RM CO 000 0.000 1.65 75.79 75.79 69840 MELBON RANCH 2-417 (N) 400 0.0625000000 49.27 0.00 13.54 667.05 667.05 01/01/2013 Weld RM CO 0.00 0000 6.11 300.64 300.64 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 47.43 0.00 -12.71 -602.83 -60283 01/01/2013 Weld RM CO 0.00 0.000 -5.72 -271.70 -27(70 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 45.19 000 10.04 453.66 453.66 02/01/2013 Weld RM CO 0.00 0.000 4.52 204.46 204.46 69840 MELBON RANCH 2-417 (N) 400 0.0625000000 40.33 0.00 -9.07 -365.81 -365.81 02101/2013 Weld RM CO 0.00 0.000 -4.08 -164.87 -164.87 69840 MELBON RANCH 2-417 (N) 400 0.0625000000 41.84 0.00 10.17 425.55 425.55 03/01/2013 Weld RM CO 0.00 0.000 4.58 191.80 191.80 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 43.89 0.00 -10.79 -473.58 -473.58 03/01/2013 Weld NM CO 0.00 0.000 -4.86 -213.46 -213.46 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 39.91 0.00 8.87 354.01 35401 134/01/2013 Weld RM CO 0.00 0.000 3.99 159.56 159.56 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 41.47 0.00 -9.36 -388.14 -388.14 04/01/2013 Weld RM CO 0.00 0.000 -4.22 -174.94 -174,94 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 3627 0.00 8.58 311.18 311.18 05/01/2013 Weld RM CO 0.00 0.000 3.87 140.24 140.24 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 41.01 0.00 -8.64 -354.32 -354.32 05/01/2013 Weld RM CO 0.00 0.000 -3.90 -159.70 -159.70 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 34.76 0.00 9.63 334.75 334.75 06/012013 Weld RM CO 0.00 0.000 4.35 150.88 150.88 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 40.72 0.00 -10.48 -426.78 -426.78 06/012013 Weld RM CO 0.00 0.000 -4.73 -192.36 -192.36 69840 MELBON RANCH 2-417 (N) 400 0.0625000000 37.88 am 1.94 73.48 73.48 07/01/2013 Weld RM CO 0.00 0.000 0.88 33.12 33.12 Page 54 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcf) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value S Sales Date County Int Type State MMBTU Avg Price BTU Factor Owner Vol (mc0 Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 69840 MELBON RANCH 2-4-17 (N) 400 00625000000 41.93 0.00 -2.14 -8973 -89.73 07/01/2013 Weld RM CO 0.00 0.000 -098 -40.43 -40.43 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 39.06 0.00 2.06 80.47 80.47 08/01/2013 Weld RM CO 0.00 0.000 0.94 36.25 3625 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 45.33 0.00 -2.14 -97.01 -9701 08/01/2013 Weld RM CO 000 0.000 -098 -43.70 -43.70 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 41.24 0.00 2.55 105.15 105.15 09/01/2013 Weld RM CO 0.00 0.000 1.15 47.40 47.40 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 38.95 0.00 -2.62 -102.08 -102.06 09/01/2013 Weld RM CO 0.00 0.000 -1.19 -46.00 -46.00 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 39.68 0.00 6.90 273.78 273.78 10/01/2013 Weld RM CO 0.00 0.000 3.11 123.38 123.38 69840 MELBON RANCH 2-4.17 (N) 400 0.0625000000 40.57 0.00 -6.71 -272.23 -272.23 10/01/2013 Weld RM CO 0.00 0.000 -3.03 -122/0 -122.70 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 41.39 0.00 493 204.05 204.05 11/01/2013 Weld RM CO 0.00 0.000 2.22 91.97 91.97 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 43.00 0.00 -4.64 -199.54 -199.54 1 1101/2 01 3 Weld RM CO 000 0.000 -2.09 -8993 -89.93 69840 MELBON RANCH 2-4-17 (N) 400 00625000000 47.99 0.00 4.51 21642 216.42 12/01/2013 Weld RM CO 0.00 0.000 2.04 97.55 97.55 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 46.18 0.00 -4.62 -213.36 -213.36 12/01/2013 Weld RM CO 0.00 0.000 -2.08 -96.17 -96.17 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 53.76 0.00 3.08 165.57 165.57 01/01/2014 Weld RM CO 0.00 0.000 1.40 74.62 74.82 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 52.08 0.00 -3.07 -159.88 -159.88 01/01/2014 Weld RM CO 0.00 0000 -1.40 -72.06 -7206 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 53.91 0.00 2.96 159.58 159.58 02/01/2014 Weld RM CO 0.00 0.000 1.35 71.92 7192 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 52.33 0.00 -5.86 -306.66 -306.66 02/01/2014 Weld RM CO 0.00 0.000 -2.65 -138.21 -138.21 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 37.73 0.00 6.62 24979 249.79 03/01/2014 Weld RM CO 0.00 0.000 2.99 112.58 11258 69840 MELBON RANCH 2-4-17 (N) 400 0O625000000 ' 38.52 0.00 -5.76 -221.85 -221.85 03/01/2014 Weld RM CO 0.00 0.000 -2.60 -10000 -100.00 69840 MELBON RANCH 2-417 (N) 400 0.0625000000 38.32 0.00 6.36 243.72 243.72 04/01/2014 Weld RM CO 0.00 0.000 2.86 109.85 109.85 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 39.26 0.00 -5.69 -223.39 -223.39 04/01/2014 Weld RM CO 0.00 O000 -2.56 -100.69 -100.69 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 36.86 0.00 6.20 228.55 228.55 05/01/2014 Weld RM CO 0.00 0.000 279 102.99 102.99 69840 MELBON RANCH 2-417 (N) 400 0.0625000000 34.12 0.0C -5.24 -178.77 -178.77 05/01/2014 Weld RM CO 0.00 0.000 -2.35 -80.57 -80.57 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 37.76 0.00 6.07 229.18 229.18 06101/2014 Weld RM CO 0.00 0.000 2.73 103.29 103.29 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 41.06 0.00 -526 -216.00 -216.00 06/01/2014 Weld RM CO 0.00 0.000 -236 -97.36 -97.36 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 36.30 0.00 5.26 19096 190.96 07/01/2014 Weld RM CO 000 0.000 2.36 86.05 86.05 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 38.42 0.00 -4.74 -182.11 -182.11 07/01/2014 Weld RM CO 0.00 0.000 -2.13 -82.08 -82.08 69840 MELBON RANCH 2-4-17 (N) 400 0.0625000000 31.12 0.00 4.59 142.86 142.86 12/01/2016 Weld RM CO 0.00 0.000 2.08 6441 64.41 69840 - MELBON RANCH 2-4-17 (N) Subtotal: 196.79 0.00 26.42 170.37 761012 HUDSON 1 (J) 200 0.0584919100 3.55 167.20 167.20 593.94 57.16 03 536.78 01/01/2013 Weld RM CO 3.55 1000 49.60 176.19 16.96 159.23 761012 HUDSON 1 (J) 200 0.0564919100 3.55 -177.23 -162.00 -575.85 -57.16 03 -518.69 01/01/2013 Weld RM CO 3.25 1.094 -48.06 -170.83 -16.96 -153.87 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei-corn age QRA Check Number: Check Date: Check Amount: Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (met) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Dale Cuu let Type State MMBTU Avg Price BTU Factor Owner Vol (mug Owner Gross Value S Owner Sex Tax $ Owner Deducts $ Owner Net Value $ 761012 HUDSON 1 (J) 200 0.0584919100 3.50 118.26 118.26 413.77 41.37 03 372.40 02/01/2013 Weld RM CO 3.50 1.000 35.09 122.75 12.27 110.48 761012 HUDSON 1 (J) 200 0.0584919100 3.51 -132.37 -121.00 -424.78 -41.37 03 -383.41 02/01/2013 Weld RM CO 321 1.094 -35.90 -126.02 -12.27 -113.75 761012 HUDSON 1 (J) 200 0.0584919100 3.64 113.04 113.04 411.76 39.57 03 367.58 03/01/2013 Weld RM CO 3.64 1.000 33.54 122.16 11.74 109.05 4.61 15 1.37 761012 HUDSON 1 (J) 200 0.0584919100 3.64 -124.73 -113.70 -41439 -3957 03 -374.82 03/01/2013 Weld RM CO 3.32 1.097 -33.73 -122.94 -11.74 -111.20 761012 HUDSON 1 (J) 200 00584919100 4.19 90.90 90.90 38106 32.23 03 348.83 04/01/2013 Weld RM CO 4.19 1.000 26.96 113.05 9.57 10348 761012 HUDSON 1 (J) 200 0.0584919100 4.20 -103.60 -9300 -390.14 -32.23 03 -357.91 04/01/2013 Weld RM CO 3.77 1.114 -27.59 -115.74 -9.57 -106.17 761012 HUDSON 1 (J) 200 0.0584919100 4.33 18.36 18.36 79.48 670 03 72.78 05/01/2013 Weld RM CO 4.33 1.000 5.45 23.58 1.99 21.59 761012 HUDSON 1 (J) 200 00584919100 4.34 -20.94 -18.55 -80.45 -6.70 03 -73.75 05/01/2013 Weld RM CO 3.84 1.129 -5.50 -23.87 -1.98 -21.89 761012 HUDSON 1 (J) 200 0.0584919100 4.31 7507 75.07 323.50 27.23 03 296.27 06/01/2013 Weld RM CO 4.31 1.000 22.27 95.96 8.07 87.89 761012 HUDSON 1 (J) 200 0.0584919100 4.31 -83.49 -74.08 -319.60 -27.23 03 -292.37 06/01/2013 Weld RM CO 3.83 1.127 -21.98 -94.81 -8.07 -86.74 761012 HUDSON 1 (J) 200 0.0584919100 3.86 86.81 86.81 335.29 31.81 03 303.48 07/01/2013 Weld RM CO 3.86 1.000 25.75 99.47 9.44 90.03 761012 HUDSON 1 (J) 200 0.0584919100 3.87 -98.54 -86.59 -334.98 -31.81 03 -30317 07/01/2013 Weld RM CO 3.40 1.138 -25.68 -99.38 -9.43 -89.95 761012 HUDSON 1 (J) 200 0.0584919100 3.73 97.05 97.05 362.30 34.07 03 328.23 08/01/2013 Weld RM CO 3.73 1.000 28.78 10747 10.10 9737 761012 HUDSON 1 (J) 200 0.0584919100 3.74 -108.11 -94.92 -354.92 -34.07 03 -320.85 08/01/2013 Weld RM CO 3.28 1.139 -28.18 -105.29 -10.10 -95.19 761012 HUDSON 1 (J) 200 0.0584919100 368 87.32 87.32 321.16 31.57 03 289.14 09/01/2013 Weld RM CO 3.68 1.000 25.91 95.27 9.36 85.78 0.45 15 0.13 761012 HUDSON 1 (J) 200 0.0584919100 3.68 -96.96 -85.96 -316.55 -31.57 03 -284.98 09/01/2013 Weld RM CO 326 1.128 -25.50 -93.91 -9.36 -84.55 761012 HUDSON 1 (J) 200 0.0584919100 3.77 11054 11054 416.46 39.96 03 376.50 10/01/2013 Weld RM CO 3.77 1.000 32.80 123.55 11.86 111.69 761012 HUDSON 1 (J) 200 0.0584919100 3.76 -122.97 -109.60 -412.50 -39.96 03 -372.54 10/D1/2013 Weld RM CO 3.35 1.122 -32.52 -122.37 -11.86 -110.51 761012 HUDSON 1 (J) 200 0.0584919100 3.98 45.09 45.09 179.24 16.24 03 163.00 11/01/2013 Weld RM CO 3.98 1.000 13.38 53.18 4.82 48.38 761012 HUDSON 1 (J) 200 0.0584919100 4.02 -51.02 -44.83 -180.26 -16.24 03 -164.02 11/01/2013 Weld RM CO 3.53 1.138 -13.30 -53.48 -4.82 -48.66 761012 HUDSON 1 (J) 200 0.0584919100 4.07 7.81 7.81 31.75 2.81 03 28.94 12/01/2013 Weld RM CO 4.07 1.000 2.32 942 0.84 8.58 781012 HUDSON 1 (J) 200 0.0584919100 4.06 -8.64 -7.74 -31.42 -11.07 03 -2035 12/01/2013 Weld RM CO 3.64 1.116 -2.30 -9.33 -3.28 -6.05 761012 HUDSON 1 (J) 200 0.0584919100 487 1510 15.10 73.60 5.61 03 67.99 01/01/2014 Weld RM CO 4.87 1.000 4.47 21.84 1.66 20.18 761012 HUDSON 1 (J) 200 0.0584919100 4.88 -16.71 -14.97 -73.12 -5.61 03 -6751 01/01/2014 Weld RM CO 4.38 1.116 -4.45 -21.69 -1.66 -20.03 761012 HUDSON 1 (J) 200 0.0584919100 5/0 131.70 131.75 776.84 49.19 03 727.65 D3/012014 Weld RM CO 5.90 1.000 39.08 230.46 14.59 215.87 761012 HUDSON 1 (J) 200 0.0584919100 6.26 -87.38 -72.94 -456.49 -29.27 03 -427.22 03/01/2014 Weld RM CO 5.22 1.198 -21.63 -135.42 -8.68 -126.74 761012 HUDSON 1 (J) 200 0.0584919100 4.80 144.15 144.15 691.60 53.87 03 637.73 04101/2014 Weld RM CO 4.80 1.000 42.77 205.17 15.97 189.20 Page 56 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mct) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date Count y Int Type State MMBTU Avg Price BTU Factor Owner Vol (mct) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 761012 HUDSON 1 (J) 200 0.0584919100 4.93 -9467 -81.40 -40131 -31.83 03 -369.48 04/01/2014 Weld RM CO 4.24 1.16: -24.15 -119.05 -9.44 -109.61 761012 HUDSON 1 (J) 200 0.0584919100 4.92 134.98 134.98 664.42 50.61 03 596.89 05/01/2014 Weld RM CO 4.92 1.000 40.04 197.11 15.01 177.09 16.92 15 5.01 761012 HUDSON 1 (.1) 200 0.0584919100 5.23 -84.83 -72.75 -380.15 -29.90 03 -350.25 05/01/2014 Weld RM CO 4.48 1.166 -21.59 -112.78 -8.87 -103.91 761012 HUDSON 1 (J) 200 0.0584919100 4.73 125.41 125.41 593.30 46.80 03 546.50 06/01/2014 Weld RM CO 4.73 1.000 37.20 176.01 13.89 162.12 761012 HUDSON 1 (J) 200 0.0584919100 4.89 -82.96 -70.44 -344.32 -27.64 03 -316.68 06/01/2014 Weld RM CO 4.15 1.178 -20.89 102.14 -8.20 -93.94 761012 HUDSON 1 (J) 200 0.0584919100 4.64 101.84 101.84 472.78 36.91 03 435.87 07/01/2014 Weld RM CO 4.64 1.000 30.21 14025 10.95 129.30 761012 HUDSON 1 (J) 200 0.0584919100 4.49 -114.02 -106.16 -476.38 -36.91 03 -439.47 07/01/2014 Weld RM CO 4.18 1.074 -31.50 -141.33 -10.95 -130.38 761012 HUDSON 1 (J) 200 0.0584919100 3.17 100.95 100.95 319.65 36.71 03 282.94 12/01/2016 Weld RM CO 3.17 1.000 29.95 94.83 10.89 83.94 761012 HUDSON 1 (J) 400 0.0584919100 57.39 0.00 13.00 746.05 746.05 01/012013 Weld RM CO 0.00 0.000 3.86 221.33 221.33 761012 HUDSON 1 (J) 400 0.0584919100 62.44 0.00 -13.95 -871.09 -871.09 01/01/2013 Weld RM CO 0.00 0.000 -4.14 -258.42 -258.42 761012 HUDSON 1 (J) 400 00584919100 53.88 0.00 10.43 561.92 561.92 02/01/2013 Weld RM CO 0.00 0.000 3.10 166.70 166.70 761012 HUDSON 1 (J) 400 0.0584919100 5365 0.00 -9.57 -51340 -513.40 02/01/2013 Weld RM CO 0.00 0.000 -2.84 -152 31 -152.31 761012 HUDSON 1 (J) 400 0.0584919100 50.48 0.00 9.89 49925 499.25 03/01/2013 Weld RM CO 0.00 0.000 2.94 148.10 148.10 761012 HUDSON 1 (J) 400 0.0584919100 50.03 0.00 -9.71 -485.81 -485.81 03/01/2013 Weld RM CO 0.00 0.000 -2.88 -144.12 -144.12 761012 HUDSON 1 (J) 400 0.0584919100 48.88 0.00 7.98 390.08 390.08 04/01/2013 Weld RM CO 0.00 0.000 2.37 115.72 115.72 761012 HUDSON 1 (J) 400 0.0584919100 46.45 0.00 -7.48 -347.41 -347.41 04/01/2013 Weld RM CO 0.00 0.000 -2.22 -103.07 -103.07 761012 HUDSON 1 (J) 400 0.0584919100 44.20 0.05 1.76 77.79 7779 05/01/2013 Weld RM CO 0.00 0.000 0.52 23.08 23.08 761012 HUDSON 1 (J) 400 0.0584919100 37.83 0.00 -1.95 -73.77 -73.77 05/01/2013 Weld RM CO 0.00 0.000 -0.58 -21.88 -21.88 761012 HUDSON 1 (J) 400 0.0584919100 42.79 0.00 7.06 302.09 302.09 06/01/2013 Weld RM CO 0.00 0.000 2.10 89.62 89.62 761012 HUDSON 1 (J) 400 0.0584919100 37.17 0.00 -8.31 -308.91 -308.91 06/01/2013 Weld RM CO 0.00 0.000 -2.46 -9164 -91.64 761012 HUDSON 1 (J) 400 0.0584919100 45.95 0.00 8.29 380.94 380.94 07/01/2013 Weld RM CO 0.00 0.000 2.46 113.01 113.01 761012 HUDSON 1 (J) 400 0.0584919100 36.69 0.00 -9.95 -365.06 -365.06 07/01/2013 Weld RM CO 0.00 0.000 -2.95 -108.30 -108.30 761012 HUDSON 1 (J) 400 0.0584919100 34.86 0.0C 4.70 16384 163.84 08/01/2013 Weld RM CO 0.00 0.000 1.40 48.61 48.61 761012 HUDSON 1 (J) 400 0.0584919100 40.54 0.00 -9.93 -402.58 402.58 08/01/2013 Weld RM CO 0.00 0.000 -2.94 -119.43 -119.43 761012 HUDSON 1 (J) 400 0.0584919100 49.23 0.00 8.08 397.76 397.76 09/01/2013 Weld RM CO 0.00 0.000 2.40 118.00 118.00 761012 HUDSON 1 (J) 400 0.0584919100 40.29 0.00 -10.12 407.70 -407.70 09/01/2013 Weld RM CO 0.00 0.000 -3.00 -120.95 -120.95 761012 HUDSON 1 (J) 400 0.0584919100 49.44 0.00 10.32 510.27 510.27 10/01/2013 Weld RM CO 0.00 0.000 3.06 151.38 151.38 761012 HUDSON 1 (J) 400 0.0584919100 41.87 0.0C -12.74 -533.42 -533.42 10/01/2013 Weld RM CO 0.00 0.000 -3.78 -158.25 •158.25 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com age QRA Check Number: Check Date: Check Amount: Owner: 2101559 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcf) Well Gross Value S Well Sev Tax $ Tax Type Cd Well Deducts $ Dad Cd Web Net Value $ Sales Date Count y Int Type State MMBTU Avg Price BTU Factor Owner Vol (mct) Owner Gross Value S Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 761012 HUDSON 1 (J) 400 0.0584919100 50.84 0O0 4.10 208.45 208.45 11/01/2013 Weld RM CO 0.00 0.000 1.21 61.84 61.84 761012 HUDSON 1 (J) 400 0.0584919100 44.21 0.00 -4.86 -214.87 -214.87 11/01/2013 Weld RM CO 0.00 0.000 -1.44 -63.75 -63.75 761012 HUDSON 1 (J) 400 0.0584919100 54.29 0.00 0.73 39.63 39.63 12/01/2013 Weld RM CO 0.00 0.000 0.21 11.76 11.76 761012 HUDSON 1 (J) 400 0.0584919100 48.23 0.00 -0.90 -43.41 -43.41 12/01/2013 Weld RM CO 0.00 0.000 -0.27 -12.88 -12.88 761012 HUDSON 1 (J) 400 0.0584919100 56.81 0.00 1.51 85.79 85.79 01/01/2014 Weld RM CO 0.00 0.000 0.44 25.45 25.45 761012 HUDSON 1 (J) 400 0.0584919100 5497 0.00 -1.83 -100.59 -10059 01/01/2014 Weld RM CO 0O0 O000 -0.54 -29.84 -29.84 761012 HUDSON 1 (J) 400 0.0584919100 49.91 0.00 12.93 645.35 645.35 03/01/2014 Weld RM CO 0.00 0.000 3.84 191.45 191.45 761012 HUDSON 1 (J) 400 00584919100 40.41 0.00 -9.29 -375.44 -375.44 03/01/2014 Weld RM CO 0.00 0.000 -2.75 -111.38 -111.38 761012 HUDSON 1 (J) 400 0.0584919100 51.01 0.00 14.05 716.66 716.66 04/01/2014 Weld RM CO 0.00 0.000 4.17 212.61 212,61 761012 HUDSON 1 (J) 400 0.0584919100 41.31 0.00 -10.38 -428.79 -428.79 04/01/2014 Weld RM CO 0.00 0.000 -3.08 -127.20 -127.20 761012 HUDSON 1 (J) 400 0.0584919100 48.56 0.00 13.22 641.96 641.96 05/01/2014 Weld RM CO 0.00 0.000 3.93 19O45 190.45 761012 HUDSON 1 (J) 400 0.0584919100 35.77 0.00 -9.24 -330.48 -330.48 05/01/2014 Weld RM CO 0.00 0.000 -2.74 -98.04 -98.04 761012 HUDSON 1 (J) 400 O0584919100 50.56 0.00 11.72 592.55 592.55 06/01/2014 Weld RM CO 0.00 0.000 3.47 175.79 175.79 761012 HUDSON 1 (J) 400 0.0584919100 42.83 0.00 -8.60 -368.32 -368.32 06/01/2014 Weld RM CO 0O0 0.000 -2.55 -109.26 -109.26 761012 HUDSON 1 (J) 400 0.0584919100 48.90 0.00 918 448.91 448.91 07/01/2014 Weld RM CO 0.00 0.000 2.72 133.18 133.18 761012 HUDSON 1 (J) 400 0.0584919100 53.15 0.00 -8.74 -464.57 -464.57 07/01/2014 Weld RM CO 0.00 0.000 -2.59 -137.82 -137.82 761012 HUDSON 1 (J) 400 0.0584919100 28.98 0.00 6.14 177.96 177.96 12/01/2016 Weld RM CO 0.00 0.000 1.82 52.79 52.79 761012- HUDSON 1 (J) Subtotal: 719.67 0.00 39.25 680.42 761014 HUDSON 1 (DAK) 200 0.0584919100 6.26 -47.61 -39.74 -248.73 -29.65 03 -219.08 03/01/2014 Weld RM CO 5.22 1.198 -14.98 -93.81 -11.18 -82.63 761014 HUDSON 1 (DAK) 200 0.0584919100 4.93 -51.58 -44.35 -218.62 -17.34 03 -201.28 04/01/2014 Weld RM CO 4.24 1.163 -16.73 -82.45 -6.53 -75.92 761014 HUDSON 1 (DAK) 200 0O584919100 5.23 -46.22 -39.64 -207.14 -16.29 03 -190.85 05/01/2014 Weld RM CO 4.48 1.166 -14.95 -78.12 -6.14 -71.98 761014 HUDSON 1 (DAK) 200 0.0584919100 4.89 -45.21 -38.38 -187.61 -15.06 03 -172.55 06/01/2014 Weld RM CO 4.15 1.178 -14.47 -70.75 -5.69 -65.06 761014 HUDSON 1 (DAK) 400 0.0584919100 40.50 0.00 -5.05 -204.55 -204.55 03/01/2014 Weld RM CO 0.00 0.000 -1.91 -77.14 -7714 761014 HUDSON 1 (DAK) 400 0.0584919100 41.21 0.00 -5.67 -233.64 -233.64 04/01/2014 Weld RM CO 0.00 0.000 -2.14 -88.11 -88.11 761014 HUDSON 1 (DAK) 400 0.0584919100 35.87 0.00 -5.02 -180.06 -180,06 05/01/2014 Weld RM CO 0.00 0.000 -1.90 -67.91 -6791 761014 HUDSON 1 (DAK) 400 0O584919100 42.97 0.0C -467 -200.67 -20087 06101/2014 Weld RM CO 0O0 0.000 -1.76 -75.68 -75.68 761014 - HUDSON 1 (DAK) Subtotal: -633.97 0.00 -29.54 -604.43 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 3.55 4350 43.50 154.54 14.56 03 13998 01/01/2013 Broomfield RM CO 3.55 1.000 0.69 2.45 O23 2,22 761456 KATS B UNIT 2 (J/C) 200 0-0024490000 356 -47.04 -43.00 -152.91 -14.56 03 -138.35 01/01/2013 Broomfield RM CO 3.25 1.094 -0.68 -2.42 -0.23 -2.19 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 3.50 8.08 8.08 28.26 2.77 03 25.49 02/01/2013 Broomfield RM CO 3.50 1.000 0.13 0.45 0.04 0.41 Page 58 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: 1856883 02/20/2017 • G4 r17'7 07 V' 1 ' Al,vy PC Entitlement SOD MCF Avg Wh MMBTU Well Gross Well Gross Well Sea Tax Well Ded Well Net Value Well Property Name Decimal Pnce Price Vol (met) Value $ Tax $ Type Cd Deducts $ Cd $ Number Sales Date County Int Type Slate MMBTU Avg Price BTU Factor Owner Vol (me() Owner Gross Value $ Owner See Tax $ Owner Deducts $ Owner Net Value $ 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 3.49 -8.75 -8.00 -27.91 -2.77 03 -25.14 02/01/2013 Broomfield RM CO 3.19 1.094 -0.13 -044 -0.04 -0.40 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 3.64 8.87 8.87 32.32 3.04 03 29.28 03/01/2013 Broomfield RM CO 3.64 1.000 014 0.51 0.05 0.46 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 3.64 -9.50 -8.66 -31.56 -3.04 03 -28.52 03/01/2013 Broomfield RM CO 3.32 1.097 -0.14 -0.50 -0.05 -0.45 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 4.19 878 8.78 36.80 3.05 03 3375 04/01/2013 Broomfield RM CO 4.19 1.000 0.14 0.58 0.05 0.53 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 4.19 -9.52 -8.55 -35.85 -3.05 03 -32.80 04/01/2013 Broomfield RM CO 3.77 1.113 -0.14 -0.57 -0.05 -0.52 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 4.31 8.74 8.74 37.67 3.11 03 34.56 06/01/2013 Broomfield RM CO 4.31 1,000 0.14 0.60 0.05 0.55 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 4.32 -9.56 -8.48 -36.60 -3.11 03 -33.49 06/01/2013 Broomfield RM CO 3.83 1.127 -0.13 -0.58 -0.05 -0.53 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 3.86 8.59 8.59 33.18 3.09 03 30.09 07/01/2013 Broomfield RM CO 3.86 1.000 0.14 0.53 0.05 0.48 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 3.87 -9.46 -8.31 -32.16 -3.09 03 -29.07 07/01/2013 Broomfield RM CO 3.40 1.138 -0.13 -0.51 -0.05 -0.46 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 3.74 8.32 8.32 31.08 296 03 28.12 08/01/2013 Broomfield RM CO 3.74 1,000 0.13 0.49 0.05 0.44 761458 KATS B UNIT 2 (J/C) 200 0.0024490000 3.74 -9.27 -8.14 -30.42 -2.96 03 -27.46 08/01/2013 Broomfield RM CO 3.28 1.139 -0.13 -048 -0.05 -0.43 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 3.68 7.46 7.46 27.43 2.63 03 24.63 0.39 09/01/2013 Broomfield RM CO 3.68 1.000 0.12 0.43 0.04 0.17 15 0.00 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 3.68 -7.99 -7.09 -26.09 -2.63 03 -23.46 09/01/2013 Broomfield RM CO 3.27 1.127 -0.11 -0.41 -0.04 -0.37 781456 KATS B UNIT 2 (J/C) 200 0.0024490000 3.77 8.32 8.32 31.34 2.93 03 28.41 10101/2013 Broomfield RM CO 3.77 1.000 0.13 0.50 0.05 0.45 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 3.76 -8.91 -7.94 -29.89 -2.93 03 -26.96 10/01/2013 Broomfield RM CO 3.35 1.122 -0.13 -0.47 -0.05 -0.42 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 3.97 7.33 7.33 29.12 2.57 03 26.55 042 11/01/2013 Broomfield RM CO 3.97 1.000 0.12 0.46 0.04 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 4.02 -8.00 -7.03 -28.27 -2.57 03 -25.70 11/01/2013 Broomfield RM CO 3.53 1.138 -0.11 -0.45 -0.04 -0.41 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 4.06 7.28 7.28 29.57 2.56 0.04 03 27.01 0.43 12/01/2013 Broomfield RM CO 4.06 1.000 0.12 0.47 761466 KATS B UNIT 2 (J/C) 200 0.0024490000 4.06 -7.80 -6.99 -28.37 -6.87 03 -21.50 12/01/2013 Broomfield RM CO 3.64 1.116 -0.11 -045 -0.11 -0.34 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 4.88 134.87 134.87 658.82 49.00 03 60982 9.66 01/01/2014 Broomfield RM CO 4.88 1.000 2.14 10.44 0.78 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 4.89 -117.85 -105.51 -515.51 -39.66 03 -475.85 01/01/2014 Broomfield RM CO 4.37 1.117 -1.67 -8.16 -0.63 -7.53 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 6.01 13.85 13.85 83.22 5.01 03 78.21 1.24 02/01/2014 Broomfield RM CO 6.01 1.000 0.22 1.32 0.08 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 6.29 -11.75 -9.89 -62.24 -4.04 03 -5820 02/01/2014 Broomfield RM CO 530 1.188 -0.16 -0.99 -0.06 -0.93 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 5.90 12.53 12.53 73.87 4.58 0.07 03 69.29 1.10 03/01/2014 Broomfield RM CO 5.90 1.000 0.20 1.17 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 6.26 -10.48 -8.75 -54.75 -34.71 03 -20.04 03/01/2014 Broomfield RM CO 5.22 1.198 -0.14 -0.87 -0.55 -0.32 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 4.80 13.73 13.73 65.87 5.03 0.08 03 60.84 0.96 04/01/2014 Broomfield RM CO 4.80 1.000 0.22 1.04 761456 FATS B UNIT 2 (J/C) 200 0.0024490000 4.93 -11.56 -9.94 -49.00 -3.92 03 -45.08 04/01/2014 Broomfield RM CO 4.24 1.163 -0.16 -0.78 -0.06 -0.72 Drano FO Check Date: Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 F_mroil- cnronxrrnnnhl.T Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcf) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Nel Value $ Sales Date County IM Type State MMBTU Avg Price BTU Factor Owner Vol (mcp Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 4.92 12.89 1289 63.47 474 03 56.07 05/01/2014 Broomfield RM CO 4.92 1.000 0.20 1.01 008 0.89 2.66 15 0.04 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 5.18 -10.86 -9.34 -48.39 -3.67 03 -44.72 05/01/2014 Broomfield RM CO 4.46 1163 -0.15 -0.77 -006 -0.71 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 4.88 12.11 12.11 59.12 457 03 54.55 06/01/2014 Broomfield RM CO 4.88 1.000 0.19 0.94 007 087 761456 KATS B UNIT 2 (J/C) 200 00024490000 489 -11.09 -941 -46.01 -3.51 03 -42.50 06/01/2014 Broomfield RM CO 4.15 1.179 -0.15 -0.73 -0.06 -0.67 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 4.64 9.90 9.90 45.96 3.52 03 42.44 07/01/2014 Broomfield RM CO 4.64 1.000 0.16 0.73 0.06 0.67 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 4.49 -8.51 -7.92 -35.56 -2.68 03 -32.88 07/01/2014 Broomfield RM CO 4.18 1.074 -0.13 -0.56 -0.04 -0.52 761456 KATS B UNIT 2 (J/C) 200 0.0024490000 3.17 9.41 9.41 29.81 3.40 03 26.41 12/01/2016 Broomfield RM CO 3.17 1000 0.15 0.47 0.05 0.42 761456 PATS B UNIT 2 (J/C) 300 0.0024490000 45.93 0.00 0.73 33.53 33.53 12/01/2016 Broomfield RM CO 0.00 0000 0.00 0.08 0.08 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 46.86 0.00 2.82 132.14 132.14 01/01/2013 Broomfield RM CO 0.00 0.000 004 2.09 2.09 761456 KATS B UNIT 2 (JIG) 400 0.0024490000 50.03 0.00 -2.98 -149.09 -14909 01/01/2013 Broomfield RM CO 0.00 0.000 -0.05 -2,36 236 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 42.52 000 0.61 25.94 25.94 02/01/2013 Broomfield RM CO 0.00 0000 0.01 0.41 041 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 50.75 0.00 -0.64 -3248 -32.48 02/01/2013 Broomfield RM CO 0.00 0.000 -0.01 -0.51 -0.51 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 39.67 0.00 066 26.18 26.18 03/0112013 Broomfield RM CO 0.00 0.000 0.01 0.41 0.41 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 45.80 0.00 -0.74 -3389 -33.89 03/01/2013 Broomfield RM CO 000 0.000 -0.01 -054 -0.54 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 3741 0.00 0.66 24.69 2469 04/0112013 Broomfield RM CO 0.00 0.000 0.01 039 0.39 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 42.32 0.00 -0.76 -32.16 -32.16 04/01/2013 Broomfield RM CO 0.00 0.000 -0.01 -0.51 -0.51 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 33.93 0.00 0.67 22.73 22.73 05/01/2013 Broomfield RM CO 0.00 0.000 0.01 0.36 0.36 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 39.16 0.0C -0.79 -30.94 -30.94 05/01/2013 Broomfield RM CO 0.00 0.000 -0.01 -0.49 -0.49 761456 KATS B UNIT 2 (J/C) 400 00024490000 3265 0.00 0.71 23.18 23.18 06/01/2013 Broomfield RM CO 000 0.000 001 0.37 0.37 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 38.30 0.00 -0.90 -34.47 -34.47 06/01/2013 Broomfield RM CO 0.00 0.000 -0.01 -055 -0.55 761456 07/01/2013 KATS B UNIT 2 WIC) 400 0.0024490000 35.42 0.00 0.71 25.15 25.15 Broomfield RM CO 0.00 0000 0.01 0.40 0.40 761456 KATS B UNIT 2 (J1C) 400 0.0024490000 40.33 0.00 -0.90 -36.30 -36.30 07/01/2013 Broomfield RM CO 0.00 0.000 -0.01 -0,57 -0.57 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 40.47 0.00 0.60 24.28 24.28 08/01/2013 Broomfield RM CO 000 0.000 0.01 0.38 0.38 761456 08/01/2013 KATS B UNIT 2 (J/C) 400 0.0024490000 43.36 0.00 -0.81 -3512 ,35 12 Broomfield RM CO 0.00 0.000 -0.01 -0.56 -0.56 761456 KATS B UNIT 2 (JIG) 400 0.0024490000 39.09 0.0C 0.58 2267 22.67 09/01/2013 Broomfield RM CO 0.00 0.000 0.01 0,36 0.36 761456 09/01/2013 KATS B UNIT 2 (J/C) 400 0.0024490000 43.38 0.00 -0.79 -34.27 -3427 Broomfield RM CO 0.00 0.000 -0.01 -0.54 -0.54 761456 KATS 8 UNIT 2 (.1/C) 400 0.0024490000 39.92 0.00 0.66 26.35 26.35 10/01/2013 Broomfield RM CO 0.00 0.000 0.01 042 042 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 44.65 0.00 -0.88 -39.29 -39.29 10/01/2013 Broomfield RM CO 0.00 0.000 -0.01 -062 -0.62 Page 60 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: • Well Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mct Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Number Sales Date County Int Type Avg Price State MMBTU BTU Factor Owner Vol (mcf) Owner Gross Value $ Owner Sev Tax $ Owner Deducts s Owner Net Value $ 761456 KATS 5 UNIT 2 (J/C) 400 0.0024490000 41.98 0.00 0.56 23.51 23.51 0.37 11/01/2013 Broomfield RM CO 0.00 0.000 0.01 0.37 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 46.89 0.00 -0.71 -33.29 .33.29 11/01/2013 Broomfield RM CO 0.00 0.000 -0.01 -0.53 -0.53 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 45.19 0.00 0.58 2621 26.21 12/012013 Broomfield RM CO 0.00 0.000 0.01 0.42 0.42 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 49.83 0.00 .0.76 -37.87 -37.87 12/01/2013 Broomfield RM CO 0.00 0.000 .0.01 -0.60 -0.60 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 50.61 0.00 11.53 583.50 583.50 9.25 01/01/2014 Broomfield RM CO 0.00 0.000 0.18 9.25 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 55.43 0.00 -11.83 -655.77 -655.77 01/01/2014 Broomfield RM CO 0.00 0.000 -0.19 -1040 -1040 761456 KATS 5 UNIT 2 (J/C) 400 0.0024490000 50.30 0.00 1.01 50.80 50.80 02/01/2014 Broomfield RM CO 0.00 0.000 0.02 0.80 0.80 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 62.06 0.00 -1.00 -62.06 -62.06 02/01/2014 Broomfield RM CO 0.00 0.000 -002 -0.98 -0.98 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 3988 0.00 1.00 39.88 39.88 0.63 03101/2014 Broomfield RM CO 0.00 0.000 0.02 063 761456 KATS B UNIT 2 (J(C) 400 0.0024490000 50.27 0.00 -0.86 -43.23 -43.23 03/01/2014 Broomfield RM CO 000 0.000 -0.01 -0.68 -0.68 761456 KATS B UNIT 2 (JIC) 400 0.0024490000 40.39 0.00 1.09 44.02 4402 0.70 04/01/2014 Broomfield RM CO 0.00 0.000 0.02 0.70 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 5250 0.00 -0.98 -51.45 -51.45 04/01/2014 Broomfield RM CO 0.00 0.000 -0.02 -0.82 -0.82 761456 KATS B UNIT 2 (JIC) 400 0.0024490000 38.66 0.00 1.03 39.82 39.82 0.63 05/01/2014 Broomfield RM CO 000 0.000 0.02 0.63 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 41.49 0.0C -0.76 -31.53 -31.53 05/01/2014 Broomfield RM CO 000 0.000 -001 -0.50 -0.50 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 40.33 0.00 0.94 37.91 37.91 0.60 06/0112014 Broomfield RM CO 000 0.000 0.01 0.60 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 42.30 0.00 -0.71 -30.03 -30.03 06/01/2014 Broomfield RM CO 0.00 0.000 -0.01 -0.48 -0.48 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 38.56 0.00 0.72 27.76 27.76 0.44 07/01/2014 Broomfield RM CO 0.00 0.000 0.01 0.44 761456 KATS B UNIT 2 (J/C) 400 0.0024490000 41.54 0.00 -0.50 -20.77 -20.77 07/01/2014 Broomfield RM CO 0.00 0.000 -0.01 -0.33 -0.33 761456 KATS 6 UNIT 2 (J/C) 400 0.0024490000 28.53 0.00 0.59 16.83 16.83 12/01/2016 Broomfield RM CO 0.00 0.000 001 0.27 0.27 761456 - FATS B UNIT 2 (J/C) Subtotal. 1.66 0.00 -0.22 1.88 761460 KATS B UNIT 2 (N) 200 0.0024492100 3.55 1361 13.61 48.34 4.55 03 43.79 0.70 01/0112013 Broomfield RM CO 3.55 1.000 0.22 0.77 0.07 761460 KATS B UNIT 2 (N) 200 00024492100 368 -14.22 -13.00 -47.85 -455 03 -43.30 01/01/2013 Broomfield RM CO 3.36 1.094 -0.21 -0.76 -0.07 -0.89 761460 KATS B UNIT 2 (N) 200 0.0024492100 3.50 46.00 46.00 160.96 15.77 03 145.19 2.30 02/01(2013 Broomfield RM CO 3.50 1.000 0.73 2.55 0.25 761460 KATS B UNIT 2 (N) 200 0.0024492100 3.54 -49.23 -45.00 -159.13 -15.77 03 -143.36 02/01/2013 Broomfield RM CO 3.23 1.094 -0.71 -2.52 -0.25 -2.27 761460 KATS B UNIT 2 (N) 200 0.0024492100 3.64 50.93 50.93 185.52 1747 0.28 03 168.05 2.66 03/01/2013 Broomfield RM CO 3.64 1.000 0.81 2.94 761460 KATS B UNIT 2 (N) 200 0.0024492100 3.64 -54.48 -49.66 -181.00 -17.47 03 -163.53 03/01/2013 Broomfield RM CO 3.32 1.097 -0.79 -2.87 -0.28 -2.59 761460 KATS B UNIT 2 (N) 200 00024492100 4.19 50.23 50.23 210.57 17.45 0.28 03 193.12 3.06 04/01/2013 Broomfield RM CO 4.19 1.000 0.80 3.34 761460 KATS B UNIT 2 (N) 200 0.0024492100 4.20 -54.43 -48.86 -204.99 -17.45 03 -187.54 04/01/2013 Broomfield RM CO 3.77 1.114 -0.77 -3.25 -0.28 -2.97 761460 KATS B UNIT 2 (N) 200 0.0024492100 4.31 50.14 50.14 216.08 17.84 0.28 03 198.24 3.14 06/01/2013 Broomfield RM CO 4.31 1.000 0.79 3.42 Drone Al 1856883 02/20/2017 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 F_mniI- i Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mc0 Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts S Ded Cd Well Net Value $ Sales Date County Int Type State MMBTU Avg Pnce BTU Factor Owner Vol (mot) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 761460 KATS B UNIT 2 (N) 200 00024492100 4.31 -54.84 -48.66 -209.91 -17.84 03 -192.07 06/01/2013 Broomfield RM CO 3.83 1.127 -0.77 -3.33 -0.28 -305 761460 KATS B UNIT 2 (N) 200 0.0024492100 3.86 48.88 48.88 188.79 17.56 03 17123 07/01/2013 Broomfield RM CO 3.86 1.000 0.77 299 0.28 2.71 761460 KATS B UNIT 2 (N) 200 0.0024492100 3.87 -53.79 -47.27 -182.87 -17.56 03 -165.31 07/01/2013 Broomfield RM CO 3.40 1.138 -0.75 -2.90 -028 -262 761460 KATS B UNIT 2 (N) 200 0.0024492100 3.73 47.57 47.57 177.57 16.89 03 160.68 08/01/2013 Broomfield RM CO 3.73 1.000 0.75 2.81 027 2.54 761460 KATS B UNIT 2 (N) 200 0.0024492100 3.74 -52.99 -46.52 -173.93 -16.89 03 -157.04 08/01/2013 Broomfield RM CO 3.28 1.139 -0.74 -2.76 -0.27 -249 761460 KATS B UNIT 2 (N) 200 0.0024492100 3.68 42.44 42.44 156.07 14.97 03 140.21 09/01/2013 Broomfield RM CO 3.68 1.000 0.67 2.47 0.24 2.22 0.89 15 0.01 761460 KATS B UNIT 2 (N) 200 0.0024492100 3.68 -45.45 -40.29 -148.37 -1497 03 -133.40 09/01/2013 Broomfield RM CO 3.26 1.128 -0.64 -2.35 -0.24 -211 761460 KATS B UNIT 2 (N) 200 00024492100 3.77 47.73 47.73 179.83 16.83 03 163.00 10/01/2013 Broomfield RM CO 3.77 1.000 0.76 2.85 0.27 2.58 761460 KATS B UNIT 2 (N) 200 0.0024492100 3.76 -51.19 -45.62 -171.68 -16.83 03 -154.85 10/01/2013 Broomfield RM CO 3.35 1.122 -0.72 -2.72 -027 -245 761460 KATS B UNIT 2 (N) 200 0.0024492100 3.98 41.79 41.79 166.13 1468 03 151.45 11/01/2013 Broomfield RM CO 3.98 1.000 0.66 2.63 023 2.40 761460 KATS B UNIT 2 (N) 200 00024492100 402 -45.66 -40.12 -161.32 -1468 03 -14664 11/01/2013 Broomfield RM CO 3.53 1.138 -0.64 -2.56 -0.23 -233 761460 KATS B UNIT 2 (N) 200 0.0024492100 4.89 35.05 35.05 171.23 12.74 03 158.49 01/01/2014 Broomfield RM CO 4.89 1.000 0.56 2.71 0.20 2.51 761460 KATS B UNIT 2 (N) 200 0.0024492100 4.89 -30.64 -27.43 -134.03 -10.31 03 -123.72 01/01/2014 Broomfield RM CO 4.37 1.117 -0.43 -2.12 -0.16 -1.96 761460 KATS B UNIT 2 (N) 200 0.0024492100 6.01 55.11 55.11 331.06 1994 03 311.12 02/01/2014 Broomfield RM CO 6.01 1.000 0.87 5.25 032 493 761460 KATS B UNIT 2 (N) 200 0.0024492100 6.29 -46.78 -39.38 -247.85 -1606 03 -231.79 02/01/2014 Broomfield RM CO 5.30 1.188 -0.62 -3.93 -0.25 -368 761460 KATS B UNIT 2 (N) 200 0.0024492100 590 50.21 50.21 296.06 18.38 03 277.68 03/01/2014 Broomfield RM CO 5.90 1.000 0.80 4.69 029 440 761460 KATS B UNIT 2 (N) 200 0.0024492100 6.26 -42.06 -35.11 -219.73 -34.96 03 -184.77 03/01/2014 Broomfield RM CO 5.22 1.198 -0.56 -3.48 -0.55 -2,93 761460 KATS B UNIT 2 (N) 200 0.0024492100 4.80 54.94 54.94 263.60 20.14 03 24346 04/01/2014 Broomfield RM CO 4.80 1.000 0.87 4.18 0.32 386 761460 KATS B UNIT 2 (N) 200 0.0024492100 493 -46.24 -39.76 -196.03 -15.69 03 -180.34 04/01/2014 Broomfield RM CO 4.24 1.163 -063 -3.11 -0.25 -2,86 761460 KATS B UNIT 2 (N) 200 0.0024492100 4.92 51.58 51.58 25393 18.97 03 224.33 05/01/2014 Broomfield RM CO 4.92 1.000 0.82 4.02 030 3.55 10.63 15 0.17 761460 KATS B UNIT 2 (N) 200 0.0024492100 5.18 -43.44 -37.35 -193.58 -14.67 03 -17891 05/01/2014 Broomfield RM CO 4.46 1.16: -0.59 -3.07 -0.23 -284 761460 06/01/2014 KATS B UNIT 2 (N) 200 0.0024492100 4.88 48.71 48.71 237/7 18.39 03 219.38 Broomfield RN CO 4.88 1.000 0.77 3.77 0.29 3.48 761460 06/012014 KATS B UNIT 2 (N) 200 00024492100 4.89 -44.58 -37.84 -185.00 -14.13 03 -170.87 Broomfield RM CO 4.15 1.178 -0.60 -293 -022 -2.71 761460 07/01/2014 KATS B UNIT 2 (N) 200 0.0024492100 4.64 39.52 39.52 183.47 1406 03 16941 Broomfield RM CO 4.64 1.000 0.63 2.91 0.22 269 761460 07/01/2014 KATS B UNIT 2 (N) 200 0.0024492100 4.49 -33.94 -31.60 -141.81 -10.68 03 -131 13 Broomfield RM CO 4.18 1.074 -0.50 -225 -017 -208 761460 KATS B UNIT 2 (N) 200 0.0024492100 3.17 37.65 37.65 119.22 13.59 03 105.63 12/01/2016 Broomfield RM CO 3.17 1.000 0.60 1.89 0.22 167 761460 12/01/2016 KATS B UNIT 2 (N) 300 0.0024492100 45.93 0.00 10.98 504.32 504.32 Broomfield RM CO 000 0.000 0.03 1.24 124 Page 62 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcI) Well Gross Value S Well Sev Tax $ Tax Type Cd Well Deducts S Ded Cd Well Net Value S Sales Date Count y Int Type State MMBTU Avg Price BTU Factor Owner Vol (mct) Owner Gross Value S Owner Sev Tax $ Owner Deducts 5 Owner Net Value $ 761460 KATS B UNIT 2 (N) 400 0.0024492100 46.99 0.00 0.88 41.35 41.35 01/0112013 Broomfield RM CO 0.00 0.000 001 066 0.66 761460 RATS B UNIT 2 (N) 400 0.0024492100 50.17 0.00 -093 -46.66 -46.66 01/01/2013 Broomfield RM CO 0.00 0.000 -0.01 -0.74 -0.74 761460 RATS 6 UNIT 2 (N) 400 0.0024492100 42.45 0.00 3.48 147.72 147.72 02/01/2013 Broomfield RM CO 0.00 0000 0.06 2.34 2.34 761460 KATS B UNIT 2 (N) 400 0.0024492100 49.88 0.00 -3.71 -185.05 -185.05 02101/2013 Broomfield RM CO 0.00 0.000 -0.06 -2.93 -2.93 761460 KATS B UNIT 2 (N) 400 0.0024492100 39.44 0.00 3.81 150.28 150.28 03/01/2013 Broomfield RM CO 000 0.000 0.06 2.38 2.38 761460 KATS B UNIT 2 (N) 400 0.0024492100 45.35 0.00 -4.29 -194.56 -194.56 03/01/2013 Broomfield RM CO 0.00 0.000 -0.07 -3.08 -3.08 761460 KATS B UNIT 2 (N) 400 0.0024492100 37,56 0.00 3.76 141.24 141.24 04/01/2013 Broomfield RM CO 0.00 0.000 0.06 2.24 2.24 761460 KATS B UNIT 2 (N) 400 0.0024492100 42.87 0.0C -4.29 -183.90 -183.90 04101/2013 Broomfield RM CO 000 0.000 -007 -2.91 -2.91 761460 KATS B UNIT 2 (N) 400 0.0024492100 3396 0.00 3.81 129.37 129.37 05/01/2013 Broomfield RM CO 0.00 0.000 0.06 2.05 2.05 761460 KATS B UNIT 2 (N) 400 00024492100 39.29 0.00 -4.48 -176.02 -176.02 05/01/2013 Broomfield RM CO 0.00 0.000 -0.07 -2.79 -2.79 761460 KATS B UNIT 2 (N) 400 0.0024492100 32.57 0.00 4.08 132.90 132.90 06/01/2013 Broomfield RM CO 0.00 0.000 0.06 2.11 2.11 761460 KATS B UNIT 2 (N) 400 0.0024492100 38.60 0.00 -5.12 -197.65 -197.65 06/01/2013 Broomfield RM CO 0.00 0.000 -0.08 -3.13 -3.13 761460 KATS B UNIT 2 (N) 400 0.0024492100 35.40 0.00 4.04 143.03 143.03 07/01/2013 Broomfield RM CO 0.00 0.000 006 227 227 761480 KATS B UNIT 2 (N) 400 0.0024492100 40.17 0.00 -5.14 -206.46 -206.46 07/01/2013 Broomfield RM CO 0.00 0.000 -0.08 -3.27 -3.27 761460 KATS B UNIT 2 (N) 400 0.0024492100 4059 0.00 3.42 138.82 138.82 08101/2013 Broomfield RM CO 000 0.000 0.05 220 2.20 761480 RATS B UNIT 2 (N) 400 0.0024492100 43.45 0.00 -462 -200.74 -200.74 08/01/2013 Broomfield RM CO 0.00 0.000 -0.07 -3.18 -3.18 761460 KATS B UNIT 2 (N) 400 0.0024492100 38.82 0.00 3.32 128.88 128.88 09/01/2013 Broomfield RM CO 0.00 0.000 0.05 2.04 2.04 761460 KATS B UNIT 2 (N) 400 0.0024492100 43.32 0.00 -4.50 -194.94 -194.94 09/0112013 Broomfield RM CO 0.00 0.009 -0.07 -3.09 -3.09 761460 KATS B UNIT 2 (N) 400 0.0024492100 40.14 0.00 3.77 151.34 151.34 10/01/2013 Broomfield RM CO 0.00 0.000 0.06 2.40 2.40 761460 KATS B UNIT 2 (N) 400 0.0024492100 4466 0.00 -5.05 -225.53 -225.53 10/01/2013 Broomfield RM CO 0.00 0.000 -0.08 -3.57 -3.57 761460 KATS B UNIT 2 (N) 400 0.0024492100 42.08 0.00 3.19 134.22 134.22 11/01/2013 Broomfield RM CO 0.00 0.000 0.05 213 2.13 761460 KATS B UNIT 2 (N) 400 0.0024492100 46.35 0.00 -4.10 190.02 -190.02 11/01/2013 Broomfield RM CO 0.00 0.000 -007 -3.01 -3.01 761460 KATS B UNIT 2 (N) 400 0.0024492100 45.35 0.00 3.30 149.66 14966 12/01/2013 Broomfield RM CO 000 0.000 0.05 2.37 2.37 761460 KATS B UNIT 2 (N) 400 0.0024492100 49.89 0.05 -4.33 -216.03 -216.03 12/01/2013 Broomfield RM CO 0.00 0.000 -0.07 -3.42 -3.42 761460 KATS B UNIT 2 (N) 400 0.0024492100 50.55 0.00 3.00 151.66 151.66 01/01/2014 Broomfield RM CO 0.00 0.000 0.05 2.40 2.40 761460 KATS B UNIT 2 (N) 400 0.0024492100 55.52 0.00 -3.07 -170.44 -170.44 01/01/2014 Broomfield RM CO 0.00 0.000 -0.05 -2.70 -2.70 761460 KATS B UNIT 2 (N) 400 0.0024492100 50.28 0.00 4.02 202.13 202.13 02/01/2014 Broomfield RM CO 0.00 0.000 0.06 3.20 3.20 761460 KATS 8 UNIT 2 (N) 400 0.0024492100 61.48 0.09 .4.02 -247.13 -247.13 02/01/2014 Broomfield RM CO 0.00 0.000 -0.06 -3.92 -3.92 761460 KATS B UNIT 2 (N) 400 00024492100 39.82 0.00 4.02 160.07 160.07 03/01/2014 Broomfield RM CO 0.00 0.000 0.06 2.54 2.54 1856883 02/20/2017 $1.072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Owner: 2101559 QRA Check Number: Check Date: Check Amount: Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport( dsei.com Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mei) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Date County Int Type State MMBTU Avg Price BTU Factor Owner Vol (mcf) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 761460 KATS B UNIT 2 (N) 400 0.0024492100 51.00 0.00 -3.40 -173.41 -173.41 03/01/2014 Broomfield RM CO 0.00 0.000 -0.05 -2.75 -2.75 761460 KATS B UNIT 2 (N) 400 0.0024492100 40.29 0.00 4.37 17607 176,07 04/01/2014 Broomfield RM CO 0.00 0.000 0.07 2.79 2.79 761460 KATS B UNIT 2 (N) 400 0.0024492100 53.02 0O0 -3.88 -205.71 -205.71 04/01/2014 Broomfield RM CO 0.00 0.000 -0.06 -3.26 -3.26 761460 KATS B UNIT 2 (N) 400 0.0024492100 38.67 0.00 4.12 159.34 159.34 05/01/2014 Broomfield RM CO 0.00 0.000 0.07 2.53 2.53 761460 KATS B UNIT 2 (N) 400 0.0024492100 42_05 0.00 -3.00 -126.15 -126.15 05/01/2014 Broomfield RM CO 0.00 0.000 -0.05 -2.00 -2O0 761460 KATS B UNIT 2 (N) 400 0.0024492100 40.08 0.00 3.80 152.29 152.29 06/01/2014 Broomfield RM CO 0.00 0.000 0.06 2.41 241 761460 KATS B UNIT 2 (N) 400 0O024492100 41.67 0O0 -2.90 -120.85 -120.85 06/01/2014 Broomfield RM CO 0.00 0.000 -0.05 -1.92 -1.92 761460 KATS B UNIT 2 (N) 400 0.0024492100 38.46 0.00 2.88 11O76 110.76 07/01/2014 Broomfield RM CO 0.00 0.000 0.05 1.76 1.76 761460 KATS B UNIT 2 (N) 400 0.0024492100 41.44 0.00 -2.00 -82.87 -82.87 07/01/2014 Broomfield RM CD 0.00 0.000 -0.03 -1.31 -1.31 761460 KATS B UNIT 2 (N) 400 0.0024492100 28.53 0.00 2.36 67.34 6734 12/01/2016 Bromfield RM CO 0.00 0.000 0O4 1.07 1O7 761460 - KATS B UNIT 2 (N) Subtotal: 1.43 0.00 0.51 0.92 761464 SOSA A UNIT 1 (J) 200 0.0011467000 3.55 3.76 3.76 13.35 1.27 03 1208 01/01/2013 Weld RM CO 3.55 1.000 0.04 0.15 0O1 0.14 761464 SOSAAUNIT 1 (J) 200 0.0011487000 3.31 -4.38 -4.00 -13.25 -1.27 03 -11.98 01/01/2013 Weld RM CO 3.03 1.095 -0.04 -0.14 -0.01 -0.13 761464 SOSA A UNIT 1 (J) 200 0.0011487000 4 19 3.59 3.59 15.06 127 03 13.79 04/01/2013 Weld RM CO 4.19 1.000 0.04 0.16 0.01 0.15 761464 SOSA A UNIT 1 (J) 200 0.0011487000 4.19 -4.04 -3.63 -15.22 -1.27 03 -13.95 04/01/2013 Weld RM CO 3.77 1.113 -0.04 -0.17 -0.01 -a16 761464 SOSA A UNIT 1 (J) 200 0.0011487000 4.33 3.44 3.44 14.88 1.25 03 13.63 05/01/2013 Weld RM CO 4.33 1.000 0.04 0.16 0.01 0.15 761464 SOSAA UNIT 1(J) 200 0.0011487000 4.33 -3.96 -3.51 -15.21 -1.25 03 -13.96 05/01/2013 Weld RM CO 3.84 1.128 -0.04 -0.17 -0.01 -0.16 761464 SOSA A UNIT 1 (J) 200 0.0011487000 406 2.40 2.40 975 0.86 03 8.89 12/01/2013 Weld RM CO 4.06 1.000 0.03 0.11 0.01 0.10 761464 SOSA A UNIT 1 (J) 200 0.0011487000 4.07 -2.65 -2.37 -9.64 -24.42 03 14.78 12/01/2013 Weld RM CO 3.64 1.118 -0.03 -0.10 -0.29 0.19 761464 SOSA A UNIT 1 (J) 200 0.0011487000 6.02 2.20 2.20 13.24 0.70 03 1254 02/01/2014 Weld RM CO 6.02 1.000 0.02 0.14 0.01 0.13 761464 SOSAA UNIT 1 (J) 200 0.0011487000 6.28 -2.11 -1.78 -11.18 -0.70 03 -10.48 02/01/2014 Weld RM CO 5.30 1.185 -0.02 -0.12 -0.01 _011 761464 SOSAA UNIT 1 (J) 200 0.0011487000 5.89 2.03 2.03 11.96 0.77 03 11.19 03/01/2014 Weld RM CO 5.89 1.000 0.02 0.13 0.01 0.12 761464 SOSA A UNIT 1 (J) 200 0O011487000 6.27 -2.33 -1.94 -12.17 -34.44 03 22.27 03/01/2014 Weld RM CO 5.22 1.201 -0.02 -0.13 -0.40 0.27 761464 SOSA A UNIT 1 (J) 200 0.0011487000 3.17 2.34 2.34 7.42 087 03 6.55 12/01/2016 Weld RM CO 3.17 1.000 0,03 0.08 0.01 0.07 761464 SOSA A UNIT 1 (J) 400 0.0011487000 52.04 0.00 0.24 12.49 12.49 01/01/2013 Weld RM CO 0.00 0.000 0.00 0.14 014 761464 SOSAAUNIT 1 (J) 400 0.0011487000 50.62 0.00 -0.29 -14.68 -14,88 01/0112013 Weld RM CO 0.00 0.000 0.00 -0.16 -O16 761464 SOSA A UNIT 1 (J) 400 0.0011487000 44.05 0.00 0.43 18.94 18.94 02/01/2013 Weld RM CO 0.00 0.000 0.00 0.21 021 761464 SOSA A UNIT 1 (J) 400 0.0011487000 43.86 0.00 -0.36 -15.79 -1579 02/01/2013 Weld RM CO 0.00 0.000 0.00 -0.17 -017 761464 SOSA A UNIT 1 (J) 400 0.0011487000 39.74 0.00 0.39 15.50 15.50 03/01/2013 Weld RM CO 0.00 0.000 0.00 0.17 0.17 Page 64 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: 1856883 Check Date: 02/20/2017 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com t.,nectc /Atrium nr. .9 I NI G.v” Well Number Properly Name Count y Type PC Entitlement Decimal SOD Price Stale Avg MCF Avg Price Price WitMMBTU Wed Gross Vol (ma) (mcl) Well Gross Value $ Value $ Well Sev Tax $ Type Tax $ Tax Cd Well Ded Deducts $ Deducts $ Cd Well Net Value $ $ Sales Date 761464 SOSA A UNIT 1 (J) 400 0.0011487000 40.67 0.00 -0.33 -13.42 -13.42 -0.15 03/01/2013 Weld RM CO 0.00 0.000 0.00 -0.15 761464 SOSA A UNIT 1 (J) 400 0.0011487000 38.17 0.00 0.35 13.36 13.36 0.15 04/01/2013 Weld RM CO 0.00 0.000 0.00 0.15 761464 SOSA A UNIT 1 (J) 400 0.0011487000 37.45 0.00 -0.31 -1161 -11.61 -0.13 04/01/2013 Weld RM CO 0.00 0.000 0.00 -0.13 761464 SOSAA UNIT 1 (J) 400 0.0011487000 34.54 0.00 0.37 12.78 12.78 0.14 05/0112013 Weld RM CO 0.00 0.000 0.00 0.14 761464 SOSA A UNIT 1 (J) 400 0.0011487000 37.81 0.00 -0.31 -11.72 -11/2 -0.13 05/01/2013 Weld RM CO 0.00 0.000 0.00 -0.13 761464 SOSA A UNIT 1 (J) 400 0O011487000 41.64 0.00 0.28 11.66 11.66 013 08/01/2013 Weld RM CO 0.00 0.000 0O0 0.13 761464 SOSAA UNIT 1 (J) 400 0.0011487000 42.75 0.00 -0.24 -10.26 -10.26 -0.11 08/01/2013 Weld RM CO 0.00 0.000 0.00 -0.11 761464 09/01/2013 SOSA A UNIT 1 (J) Weld 400 RM 0.0011487000 CO 40.36 0.00 0.00 0.000 0.26 0.00 10.50 0.11 10.50 0.11 761464 09/01/2013 SOSAA UNIT 1 (J) Weld 400 RM 0O011487000 CO 4O34 0.00 0.00 0.000 -0.29 0.00 -11.70 -0.13 -11.70 -0.13 761464 SOSA A UNIT 1 (J) 400 0.0011487000 42.18 0.00 0.28 11.81 11.81 0.13 10!0112013 Weld RM CO 0.00 0.000 0.00 0.13 761464 10/0112013 SOSA A UNIT 1 (J) Weld 400 RM 0.0011487000 CO 44.41 0.00 0.00 0.000 -0.29 0.00 -12.88 -0.14 -12.88 -0.14 761464 SOSA A UNIT 1 (J) 400 0.0011487000 44.24 0.00 0.21 9.29 9.29 0.10 11/01/2013 Weld RM CO 0.00 0.000 0.00 0.10 761464 SOSAA UNIT 1 (J) 400 0.0011487000 46.82 0.00 -0.17 -7.96 -7.96 -0.09 11/01/2013 Weld RM CO 0.00 0.000 0.00 -0.09 761464 12/012013 SOSA A UNIT 1 (J) Weld 400 RM 0.0011487000 CO 46.28 0.00 0.00 0.000 0.25 0.00 11.57 0.13 11.57 0.13 761464 SOSA A UNIT 1 (J) 400 0.0011487000 48.38 0.06 -0.21 -10.16 -10.16 -0.11 12/01/2013 Weld RM CO 0.00 0.000 0.00 -0.11 761464 SOSA A UNIT 1 (J) 400 0.0011487000 53.95 0.00 0.19 10.25 10.25 0.11 011012014 Weld RM CO 0.00 0.000 0.00 0.11 761464 01/01/2014 SOSA A UNIT 1 (J) Weld 400 RM 0.0011487000 CO 50.29 0.00 0O0 0.000 -0.17 0.00 -8.55 -0.09 -8.55 -0.09 - 761464 02/01/2014 SOSA A UNIT 1 (J) Weld 400 RM 0.0011487000 CO 53.90 0.00 0.00 0.000 0.10 0.00 5.39 0.06 5.39 0.06 761464 SOSA A UNIT 1 (J) 400 0.0011487000 54.47 0.00 -0.17 -9.26 -9.26 -0.10 02/01/2014 Weld RM CO 0.00 0.000 0.00 -0.10 761464 03/01/2014 SOSA A UNIT 1 (J) Weld 400 RM 0.0011487000 CO 45.85 0O0 0.00 0.000 027 0.00 12.38 0.13 12.38 0.13 761464 SOSA A UNIT 7 (J) 400 0.0011487000 41.89 0.00 -0.19 -7.96 -7.96 -0.09 03/01/2014 Weld RM CO 0.00 0.000 0.00 -0.09 761484 SOSA A UNIT 1 (J) 400 0.0011487000 48.17 0.00 024 11.56 11.56 0.13 04/01/2014 Weld RM CO 0.00 0.000 0.00 0.13 761464 04101/2014 SOSA A UNIT 1 (J) Weld 400 RM 0.0011487000 CO 45O0 000 0.00 0.000 -0.17 0.00 -7.65 -0.08 -7.55 -0.08 761464 05101/2014 SOSA A UNIT 1 (J) Weld 400 RM 0.0011487000 CO 44.91 0.00 0.00 0.000 0.23 0.00 10.33 0.11 10.33 0.11 761464 05/01/2014 SOSAA UNIT 1 (J) Weld 400 RM 0.0011487000 CO 34.82 0O0 0.00 0.000 -0.17 0.00 -5.92 -0.07 -5.92 -0.07 761464 06/01/2014 SOSA A UNIT 1 (J) Weld 400 RM 0.0011487000 CO 47.57 0.00 0.00 0.000 0.21 0.00 9.99 0.11 9.99 0.11 761464 06/01/2014 SOSA A UNIT 1 (J) Weld 400 RM 0.0011487000 CO 33.47 0O0 0.00 0.000 -0.17 0.00 -5.69 -0O6 -5.69 -0.06 761464 12/01/2016 SOSA A UNIT 1 (J) Weld 400 RM 0O011487000 CO 30.67 0.00 0.00 0.000 0.24 0O0 7.36 008 7.36 0.08 761464 - SOSA A UNIT 1 (J) Subtotal. 0.43 0.00 -0.66 1.09 Paae 65 Owner: 2101559 QRA Check Number: Check Date: Check Amount: Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 F-mmit- .....rca. ,.l....; Well Number Sales Property Name PC Entitlement Decimal SOD Price MCF Avg Price WI1 MMBTU Well Gross Vol (mc0 Well Gross Value $ Well Sev Tax $ Tax T Type Cd Well Deducts $ Ded Cd Well Net Value Date County Im Type Stale MMBTU Avg Price BTU Factor Owner Vol (met) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 761466 02/01/2013 SOSA A UNIT 1 (C) Weld 200 0.0011487000 3.50 8.69 8.69 30.41 3.03 03 27.38 RM CO 3.50 1000 0.09 0.35 0.03 0.32 761466 02/01/2013 SOSAA UNIT 1 (C) Weld 200 00011487000 3.46 -9.84 -9.00 -31.14 -3.03 03 -28,11 RM CO 3.16 1.09; -0.10 -0.36 -0.03 -033 761466 05/01/2013 SOSA A UNIT 1 (C) Weld 200 0.0011487000 4.33 6.80 6.80 2942 2.47 03 26,95 RM CO 4.33 1.000 0.07 0.34 0.03 0.31 761466 05/01/2013 SOSA A UNIT 1 (C) Weld 200 0.0011487000 4.34 -7.85 -6.95 -30.14 -248 03 -27,66 RM CO 3.84 1,129 -0.08 -0.35 -0.03 -0.32 761466 09/01/2013 SOSAA UNIT 1 (C) Weld 200 0.0011487000 3.68 5.10 5.10 1875 1.82 03 16.83 RM CO 368 1.000 0.06 0.21 0.02 0.19 0.10 15 0.00 761466 09/01/2013 SOSAA UNIT 1(C) Weld 200 0.0011487000 3.68 -5.61 -4.98 -18.32 -1.83 03 -16.49 RM CO 3.27 1.127 -0.06 -020 -002 -0.18 761486 10/01/2013 SOSA A UNIT 1 (C) Weld 200 0.0011487000 3.77 5.47 5.47 20.60 1.96 03 1864 RM CO 3.77 1.000 0.06 0.23 002 0.21 761466 10/01/2013 SOSA A UNIT 1 (C) Weld 200 0.0011487000 3.76 -6.03 -5.38 -20.23 -1.96 03 -1827 RM CO 3.35 1.121 -0.06 -0.22 -0.02 -0,20 761466 12/01/2013 SOSA A UNIT 1 (C) Weld 200 0.0011487000 4.07 4.73 4.73 19.24 1.69 03 17.55 RM CO 4,07 1.000 0.05 0.21 002 0.19 761466 12/01/2013 SOSA A UNIT 1 (C) Weld 200 0.0011487000 4.06 -5.25 -4.70 -19.09 -24.42 03 5.33 RM CO 3.64 1.117 -0.05 -021 -0.29 0.08 761466 02/01/2014 SOSA A UNIT 1 (C) Weld 200 0.0011487000 6.00 4.35 4.35 26.11 1.38 03 24.73 RM CO 6.00 1.000 0.05 0.31 0.02 029 761466 02/01/2014 SOSA A UNIT 1 (C) Weld 200 0.0011487000 6.29 -4.17 -3.51 -2209 -1,38 03 -20.71 RM CO 5.30 1.188 -0.04 -0.25 -002 -0.23 761466 03/01/2014 SOSA A UNIT 1 (C) Weld 200 0.0011487000 5.90 403 4.03 23,77 162 03 22.25 RM CO 5.90 1.000 0.04 0.28 0.02 0.26 761466 03/01/2014 SOSA A UNIT 1 (C) Weld 200 0.0011487000 6.25 -4.62 -3.86 -24.14 -34.44 03 10.30 RM CO 5.23 1.197 -004 -028 -040 012 761466 04/01/2014 SOSA A UNIT 1 (C) Weld 200 0.0011487000 4.80 3.69 369 17.72 140 03 16.32 RM CO 4.80 1.000 0.04 0.19 0.02 0.17 761466 04/01/2014 SOSA A UNIT 1 (C) Weld 200 0.0011487000 4.93 -4.20 -3.61 -17.80 -1.40 03 -16.40 RM CO 424 1.183 -0.04 -020 -002 -0.18 761466 05/01/2014 SOSAA UNIT 1 (C) Weld 200 0.0011487000 4.92 3.42 342 16.83 1.30 03 1473 RM CO 4.92 1.000 004 0.18 001 0.16 0.80 15 0.01 761466 05/01/2014 SOSA A UNIT 1 (C) Weld 200 0.0011487000 5 19 -3.80 -3.27 -16.96 -1.30 03 -15.66 RM CO 4.46 1.162 -0.04 -0.19 -001 -0.18 761466 06/01/2014 SOSA A UNIT 1 (C) Weld 200 0.0011487000 4.88 3.25 3.25 15.85 1.26 03 14.59 RM CO 4.88 1.000 0.04 0,17 001 016 761466 06/01/2014 SOSA A UNIT 1 (C) Weld 200 00011487000 4.88 -3.93 -3.34 -16.31 -1.26 03 -15.05 RM CO 4.15 1.177 -0.04 -0.18 -0.01 -017 761466 12/01/2016 SOSA A UNIT 1 (C) Weld 200 0.0011487000 3,17 4.63 4.63 14.66 1.72 03 1294 RM CO 3.17 1.000 0.05 0.16 0.02 0.14 761466 12/01/2016 SOSA A UNIT 1 (C) Weld 300 0.0011487000 45.93 0.00 1.84 84.51 84.51 RM CO 000 0.000 0.00 0.09 0.09 761466 01/01/2013 SOSA A UNIT 1 (C) Weld 400 0.0011487000 51.35 0.00 0.48 24.65 24.65 RM CO 0.00 0.000 001 0.29 0.29 761466 01/01/2013 SOSA A UNIT 1 (C) Weld 400 0.0011487000 52.75 0.00 -0.55 -29.01 -29.01 RM CO 0.00 0.000 -0.01 -034 - -0.34 761466 02/01/2013 SOSA A UNIT 1 (C) Weld 400 0.0011487000 43.47 0.00 0.86 37.38 37.38 RM CO 0.00 0000 0.01 0.44 0.44 761466 02/01/2013 SOSA A UNIT 1 (C) Weld 400 0.0011487000 43.99 0.00 -0.71 -31.23 -31.23 RM CO 0.00 0.000 -001 -0.36 -0.36 761466 SOSA 03/01/2013 A UNIT 1 (C) Weld 400 0,0011487000 40.28 0.00 0.76 30.61 30.61 RM CO 0.00 0000 001 0.35 0.35 Page 66 Owner: 2101559 QRA Check Number: Check Date: • Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcI) Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Dale County Int Type State MMBTU Aug Price BTU Factor Owner Vol (mcl) Owner Gross Value $ Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 761466 SOSA A UNIT 1 (C) 400 0.0011487000 39.55 0.00 -0.67 -26.50 -26.50 03/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.31 -0.31 761466 SOSA A UNIT 1 (C) 400 0.0011487000 37.71 0.00 0.70 26.40 26.40 04/01/2013 Weld RM CO 0.00 0.000 0.01 O31 0.31 761466 SOSAA UNIT 1(C) 400 0.0011487000 37.08 0.00 -0.62 -2299 -22.99 04/01/2013 Weld RM CO 0.00 0.000 -0.01 -027 -0.27 761466 SOSA A UNIT 1 (C) 400 0.0011487000 34.63 0.00 0.73 25.28 25.28 05/01/2013 Weld RM CO 0.00 0.000 0.01 0.30 0.30 761466 SOSA A UNIT 1 (C) 400 0.0011487000 38.67 0.00 -0 60 -23.20 -23.20 05/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.27 -0.27 761466 SOSA A UNIT 1 (C) 400 0.0011487000 33.15 0.00 0.67 22.21 22.21 06/01/2013 Weld RM CO 0.00 0.000 0.01 0.25 0.25 761466 SOSA A UNIT 1 (C) 400 0.0011487000 37.27 0.00 -0.60 -22.36 -22.36 06/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.26 -0.26 761466 SOSA A UNIT 1 (C) 400 0.0011487000 41.96 0.00 0.55 23.08 23.08 08/01/2013 Weld RM CO 0.00 0.000 0.01 0.27 027 761466 SOSA A UNIT 1 (C) 400 0.0011487000 4221 0.00 -0.48 -20.26 -20.26 08/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.22 -0.22 761466 SOSA A UNIT 1 (C) 400 0.0011487000 3969 0.00 0.52 20.64 20.64 09/01/2013 Weld RM CO 0.00 0.000 0.01 023 0.23 761466 SOSA A UNIT 1 (C) 400 0.0011487000 41.67 0.00 -0.55 -22.92 -22.92 09/01/2013 Weld RM CO 0.00 0.000 -0.01 -0.27 -0.27 761466 SOSA A UNIT 1 (C) 400 0.0011487000 41.77 0.00 0.56 23.39 23.39 10/01/2013 Weld RM CO 0.00 0.000 0O1 0.28 0.28 781466 SOSA A UNIT 1 (C) 400 0.0011487000 44.60 0.00 -0.57 -25.42 -25.42 10/01/2013 Weld RM CO 0.00 0.000 -O01 -0.30 -0.30 761466 SOSA A UNIT 1 (C) 400 0.0011487000 42.86 0.00 0.43 18.43 18.43 11/01/2013 Weld RM CO 0.00 0.000 0.00 020 0.20 761466 SOSA A UNIT 1 (C) 400 0.0011487000 43.92 0.00 -0.36 -15.81 -15.81 11/01/2013 Weld RM CO 0.00 0.000 0.00 -0.17 -0.17 781466 SOSA A UNIT 1 (C) 400 0.0011487000 46.57 0.00 0.49 22.82 22.82 12/01/2013 Weld RM CO 0.00 0.000 0O1 0.27 027 761466 SOSA A UNIT 1 (C) 400 0.0011487000 46.81 0.00 -0.43 -20.13 -20.13 12/01/2013 Weld RM CO 0.00 0.000 0.00 -0.22 -0.22 761466 SOSAA UNIT 1 (C) 400 0.0011487000 52.55 0.00 0.38 19.97 19.97 01/01/2014 Weld RM CO 0.00 0.000 0.00 0.22 0.22 761466 SOSA A UNIT 1 (C) 400 0.0011487000 53.71 0.00 -0.31 -16.65 -16.85 01/01/2014 Weld RM CO 0.00 0.000 0.00 -0.18 -0.18 761466 SOSA A UNIT 1 (C) 400 0O011487000 53.30 0.00 0.20 10.66 10.66 02/01/2014 Weld RM CO 0.00 0.000 0.00 0.12 0.12 761466 SOSA A UNIT 1 (C) 400 0.0011467000 55.39 0.00 -0.33 -18.28 -18.28 02/01/2014 Weld RM CO 0.00 0.000 0.00 -0.20 -0.20 761466 SOSA A UNIT 1 (C) 400 0.0011487000 46.28 0.00 0.53 24.53 24.53 03/01/2014 Weld RM CO 0.00 0.000 0.01 0.29 0.29 761466 SOSA A UNIT 1 (C) 400 0O011487000 41.42 0.00 -0.38 -15.74 -1574 03/0112014 Weld RM CO 0.00 0.000 0.00 -0.17 -0.17 761466 SOSA A UNIT 1 (C) 400 0.0011487000 47.65 0.00 0.48 22.87 22.87 04/01/2014 Weld RM CO 0.00 0.000 0.01 0.27 0.27 761466 SOSA A UNIT 1 (C) 400 0.0011487000 42.17 0.00 -0.36 -15.18 -15.18 04/01/2014 Weld RM CO 0.00 0.000 0.00 -0.17 -0.17 761466 SOSAA UNIT 1 (C) 400 0.0011487000 45.47 0.00 0.45 20.46 20.46 05/01/2014 Weld RM CO 0.00 0.000 0.00 0.22 0.22 761466 SOSA A UNIT 1 (C) 400 0.0011487000 37.77 0.00 -0.31 -11.71 -11.71 05/01/2014 Weld RM CO 0.00 0.000 0.00 -0.13 -0.13 761466 SOSA A UNIT 1 (C) 400 0.0011487000 47.02 0.00 0.42 19.75 19.75 06/01/2014 Weld RM CO 0.00 0.000 0.00 022 0.22 761466 SOSAAUNIT 1 (C) 400 0.0011487000 36.23 0.0C -0.31 -11.23 -11.23 06/01/2014 Weld RM CO 0.00 O000 0.00 -0.12 -0.12 Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Owner: 2101559 QRA Check Number: Check Date: Check Amount: Weld County Colorado Board of County Commissioners 1856883 02/20/2017 $1,072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Well Number Property Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (met) Well Gross Value S Well Sev Tax $ Tax Type Cd Well Deducts $ Ded Cd Well Net Value $ Sales Dale County Int Type State MMBTU Avg Price BTU Factor Owner Vol (met) Owner Gross Value $ Owner Sev Tax S Owner Deducts S Owner Net Value $ 761466 SOSA A UNIT 1 (C) 400 0.0011487000 30.89 0.00 0.47 14.52 14.52 12/01/2016 Weld RM CO 0.00 0.000 0O1 0.16 016 761466 - SOSA A UNIT 1 (C) Subtotal: 1.01 0.00 -0.62 1.63 761468 SOSA A UNIT 1 (N) 200 0.0011487000 3.50 3.7; 3.73 13O6 1.30 03 11.76 02/01/2013 Weld RM CO 3.50 1.000 0.04 0.14 0.01 0.13 761468 SOSA A UNIT 1 (N) 200 0.0011487000 3.35 -4.38 4.00 -13.38 -1.30 03 -12.08 02/01/2013 Weld RM CO 3.05 1.095 -0.04 -0.15 -0.01 -0.14 761468 SOSA A UNIT 1 (N) 200 0.0011487000 3.65 3.36 3.36 12.26 1.17 03 11.09 03/01/2013 Weld RM CO 3.65 1.000 0.04 0.13 0.01 O12 761468 SOSA A UNIT 1 (N) 200 0.0011487000 3.64 -3.73 -3.40 -12.39 -1.17 03 -11.22 03/01/2013 Weld RM CO 3.32 1.097 -0.04 -0.14 -0.01 -0,13 761468 SOSA A UNIT 1 (N) 200 0.0011487000 3.77 2.35 2.35 8.86 0.84 03 8.02 10/01/2013 Weld RM CO 3.77 1.000 0.03 0.10 0.01 0.09 761468 SOSA A UNIT 1 (N) 200 0.0011487000 3.77 -2.58 -2.30 -8.66 -084 03 -7.82 10/01/2013 Weld RM CO 3.36 1.122 -0.03 -0.09 -0.01 -0.08 761488 SOSA A UNIT 1 (N) 200 0.0011487000 4.06 2.04 2O4 8.29 0.73 03 7.56 12/01/2013 Weld RM CO 4.06 1.000 0O2 0.09 0.01 0,08 761468 SOSA A UNIT 1 (N) 200 0.0011487000 4.05 -2.25 -2.02 -8.18 -14.07 03 589 12/01/2013 Weld RM CO 3.64 1.114 -0.02 -0.09 -0.15 006 761468 SOSA A UNIT 1 (N) 200 0.0011487000 6.01 1.86 1.86 11.18 0.59 03 10.59 02/01/2014 Weld RM CO 6.01 1,000 0.02 0.12 0.01 0.77 761468 SOSA A UNIT 1 (N) 200 0.0011487000 6.28 -1.79 -1.51 -9.48 -0.59 03 -8.89 02/01/2014 Weld RM CO 5.30 1.185 -0.02 -0.10 -0.01 -0.09 761468 SOSA A UNIT 1 (N) 200 0.0011487000 5.90 1.72 1.72 10.14 0.65 03 9.49 03/01/2014 Weld RM CO 5.90 1.000 0.02 0.11 0.01 0.10 761468 SOSA A UNIT 1 (N) 200 O0011487000 6.27 -1.99 -1.66 -10.40 -36.55 03 26.15 03/01/2014 Weld RM CO 5.23 1.199 -0.02 -0.11 -0.43 0.32 761468 SOSA A UNIT 1 (N) 200 0.0011487000 4.89 1.39 1_39 6.80 0.54 03 6.26 06/01/2014 Weld RM CO 4.89 1.000 0.02 0.07 0.01 006 761468 SOSA A UNIT 1 (N) 200 0.0011487000 4.90 -1.69 -1.43 -7O1 -0.54 03 -6.47 06/01/2014 Weld RM CO 4.15 1.182 -0.02 -0.08 -0.01 _0.07 761468 SOSA A UNIT 1 (N) 200 0O011487000 3.17 2.00 2.00 6.33 0.74 03 5.59 12/01/2016 Weld RM CO 3.17 1.000 0.02 0.07 0.01 O06 761468 SOSA A UNIT 1 (N) 300 0.0011487000 45.93 0.00 0.58 26.64 26.64 12/01/2016 Weld RM CO 0.00 0.000 0.00 0.03 0.03 761468 SOSA A UNIT 1 (N) 400 0.0011487000 50.38 0.00 0.21 10.58 10.58 01/01/2013 Weld RM CO 0.00 0.000 0.00 0.12 0.12 761468 SOSA A UNIT 1 (N) 400 0.0011487000 51.96 0.00 -0.24 -12.47 -12.47 01/01/2013 Weld RM CO 0.00 0.000 0.00 -0.14 -014 761468 SOSA A UNIT 1 (N) 400 00011487000 43.46 0.00 0.37 16.08 16.08 02/01/2013 Weld RM CO 0.00 0.000 0.00 0.18 O18 761468 SOSA A UNIT 1 (N) 400 0.0011487000 43.13 0.00 -0.31 -1337 -13.37 02/0112013 Weld RM CO 0.00 0.000 0.00 -0.15 -0.15 761468 SOSA A UNIT 1 (N) 400 0.0011487000 39.79 0.00 0.33 13.13 13.13 03/01/2013 Weld RM CO 0.00 0.000 0.00 0.14 0.14 761468 SOSAA UNIT 1 (N) 400 0.0011487000 39.24 0.00 -0.29 -11.38 -1138 03/01/2013 Weld RM CO 0.00 0.000 0.00 -0.12 -012 781468 SOSA A UNIT 1 (N) 400 0.0011487000 37.87 0.00 0.30 11.36 1136 04/01/2013 Weld RM CO 0.00 0.000 0.00 0.12 0.12 761468 SOSA A UNIT 1 (N) 400 0.0011487000 38.00 0.00 -0.26 -9.88 -988 04/01/2013 Weld RM CO 0.00 0.000 0.00 -0.11 -0.11 761468 SOSAA UNIT 1 (N) 400 0.0011487000 34.94 0.00 0.31 10.83 1083 05/01/2013 Weld RM CO 0.00 0.000 0.00 0.12 0.12 761468 SOSA A UNIT 1 (N) 400 0.0011487000 3827 0.00 -0.26 -9.95 -9.95 05/01/2013 Weld RM CO 0.00 0.000 0.00 -0.11 -0.11 761468 SOSAA UNIT 1 (N) 400 0.0011487000 41.33 0.00 024 9.92 992 08/01/2013 Weld RM CO 0.00 0.000 0.00 0.11 0.11 Page 68 Owner: 2101559 Weld County Colorado Board of County Commissioners QRA Check Number: Check Date: Check Amount: Well Number Properly Name PC Entitlement Decimal SOD Price MCF Avg Price Wh MMBTU Well Gross Vol (mcg Well Gross Value $ Well Sev Tax $ Tax Type Cd Well Deducts 5 Ded Cd Well Net Value $ Sales Date County Int Type State MMBTU Avg Price BTU Factor Owner Vol (mcl) Owner Gross Value S Owner Sev Tax $ Owner Deducts $ Owner Net Value $ 761468 SOSA A UNIT 1 (N) 400 0.0011487000 41.29 0.00 -0.21 -867 -8.67 08/0112013 Weld RM CO 0.00 0.000 0.00 -0.09 -0.09 761468 SOSA A UNIT 1 (N) 400 0.0011487000 40.45 0.0C 0.22 8.90 8.90 09101/2013 Weld RM CO 0.00 0.000 0.00 0.10 0.10 761468 SOSA A UNIT 1 (N) 400 0.0011487000 41.33 0.0C -0.24 -9.92 -9.92 09/01/2013 Weld RM CO 0.00 0.000 0.00 -0.11 -0.11 761468 SOSA A UNIT 1 (N) 400 0.0011487000 41.79 0.00 0.24 10.03 10.03 10/01/2013 Weld RM CO 0.00 0.000 000 0.11 0.11 761468 SOSAA UNIT 1 (N) 400 0.0011487000 45.46 0.00 -0.24 -10.91 -10.91 10/0112013 Weld RM CO 0.00 0.000 0.00 -0.12 -0.12 761468 SOSA A UNIT 1 (N) 400 0.0011487000 44.00 0.00 0.18 792 7.92 11/01/2013 Weld RM CO 0.00 0.000 0.00 0.09 0.09 761468 SOSAA UNIT 1 (N) 400 0.0011487000 4864 0.00 -0.14 -6.81 -6.81 11/01/2013 Weld RM CO 0.00 0.000 0.00 -0.07 -0.07 761468 SOSA A UNIT 1 (N) 400 0.0011487000 4676 0.00 0 21 9.82 9.82 12/01/2013 Weld RM CO 0.00 0.000 0.00 0.11 0.11 761468 SOSA A UNIT 1 (N) 400 0.0011487000 45.47 0.0C -0.19 -8.64 -8.64 12/01/2013 Weld RM CO 0.00 0.000 0.00 -0.09 -0.09 781468 SOSA A UNIT 1 (N) 400 0.0011487000 53.50 0.00 0.16 8.56 8.56 01/01/2014 Weld RM CO 0.00 0.000 0.00 0.09 0.09 761468 SOSA A UNIT 1 (N) 400 0.0011487000 51.00 0.00 -0.14 -7.14 -7.14 01/01/2014 Weld RM CO 000 0.001] 0.00 -0.08 -0.08 761468 SOSA A UNIT 1 (N) 400 0.0011487000 57.25 0.00 0.08 4.58 4.58 02/01/2014 Weld RM CO 0.00 0.000 0.00 0.05 0.05 761468 SOSA A UNIT 1 (N) 400 0.0011487000 55.93 0.00 -0.14 -7.83 -7.83 02/01/2014 Weld RM CO 0.00 0.000 0.00 -0.09 -0.09 761468 SOSA A UNIT 1 (N) 400 0.0011487000 45.61 0.00 0.23 10.49 10.49 03/01/2014 Weld RM CO 0.00 0.000 0.00 0.11 0.11 761468 SOSAA UNIT 1 (N) 400 0.0011487000 39.88 0.00 -0.17 -6.78 -6.78 03/01/2014 Weld RM CO 0.00 0.000 0.00 -0.07 -0.07 761468 SOSA A UNIT 1 (N) 400 0.0011487000 4662 0.00 0.21 979 979 04/01/2014 Weld RM CO 0.00 0.000 0.00 0.11 0.11 761468 SOSA A UNIT 1 (N) 400 0.0011487000 46.43 0.00 -0.14 -6.50 -6.50 04/01/2014 Weld RM CO 0.00 0.000 0.00 -0.07 -0.07 761468 SOSA A UNIT 1 (N) 400 0.0011487000 46.32 0.0C 0.19 8.80 8.80 05/01/2014 Weld RM CO 0.00 0.000 0.00 0.10 0.10 761468 SOSAA UNIT 1 (N) 400 0.0011487000 36.00 0.00 -0.14 -5.04 -5.04 05101/2014 Weld RM CO 0.00 0.000 0.00 -0.06 -0.06 761468 SOSA A UNIT 1 (N) 400 0.0011487000 47.11 0.00 0.18 8.48 848 06/01/2014 Weld RM CO 0.00 0.000 0.00 009 0.09 761468 SOSA A UNIT 1 (N) 400 0.0011487000 3450 0.00 -0.14 -4.83 -4.83 06/01/2014 Weld RM CO 0.00 0.000 0.00 -0.05 -0.05 761468 SOSA A UNIT 1 (N) 400 0.0011487000 3125 0.00 0.20 6.25 6.25 12/01/2016 Weld RM CO 000 0.000 0.00 0.07 0.07 761468 - SOSA A UNIT 1 (N) Subtotal: 0.39 000 -0.55 0.94 Current Check Totals: 1.177.65 0.0C 0.00 104.78 1,072.87 Year to Date Totals: 2,204.71 0.001 0.00 162.44 2,042.27 1856883 02/20/2017 $1.072.87 Owner Relations Phone: 1 (866) 917-3700 E-mail: encanasupport@pdsei.com Page 69 Page 70 Hello