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HomeMy WebLinkAbout20170135.tiffcusi SYNERGI RESOURCES CORPORATION Amended Division Order Property Name: See Attached Exhibit A Property No.: See Attached Exhibit A Operator: Synergy Resources Corporation County and State: Weld County, Colorado Description: See Attached Exhibit A Production: Oil: Y Gas: Y Synergy Resources Corporation 1625 Broadway, Suite 300 Denver, CO 80202 Date: December 27, 2016 Effective Date: See Attached Exhibit A OWNER AND ADDRESS OWNER NO. INTEREST INTEREST NAME TYPE Weld PO 1150 Greeley, Box County 758 O Street CO Board of Commissioners 80632 3031 See Attached Exhibit A See Attached Exhibit A The undersigned certifies the ownership of their decimal interest in the production or proceeds as described above. Synergy Resources Corporation is authorized to withhold payment pending resolution of a title dispute or adverse claim asserted regarding the interest in production claimed herein by the undersigned. The undersigned agrees to indemnify and reimburse payor any amount attributable to an interest to which the undersigned is not entitled. Synergy Resources Corporation may accrue proceeds until the total amount equals $100.00, or pay annually whichever occurs first, or as required by applicable state statutes. The undersigned, or their authorized representative, shall notify Synergy Resources Corporation in writing of any change in ownership, percent interest, or payment address. All such changes shall be effective the first day of the month following receipt of such notice. This Division Order does not amend any lease or operating agreement between the undersigned and the lessee or operator or any other contracts for the purchase of oil and gas. In addition to the terms and conditions of this Division Order, the undersigned and Payor may have certain statutory rights under the laws of the state in which the property is located. SIGNAT BOARD O ATTEST' CLER BY: DEPUTY CLERK /zit/ THE BOARD 9 2017 Weld County Government 1150 "O" Street Greeley, CO 80634 Phone: 970-336-7204 Fax: 970-336-7233 Tax ID: 84-6000-813 Federal Law requires you to furnish you Social Security or "Taxpayer Identification Number. Failure to comply will result in 28% tax withholding and will not be refundable by Payor. Coinent, 45tnolcu Fatien 2017-0135 6) LEO3 3 V`CC. l � C>� c3 Q W EXHIBIT "A" to Division Order dated December 27, 2016 (v o z z O O Interest Type County State ICO _ O U O u 0) 0) 0) o un dr N rn 0 o 0 v.vvJ -r, TJV 0.00947450 rn LU LU in N d. 0 0 0 Property Description T4N, R68W Sec 2: W/2NW T4N, R68W Sec 2: W/2NW T4N, R68W Sec 2: NW Property Name p Y Avex 11-2D Avex 12-2D Avex 2A Propery No. AVE 11-2 D 0 N N rH a C O • j O a) 4-1 O a) a) 4J C Co E ▪ U a) -o on C O a, ro a) L O • O N -a -o cu C Co ▪ U Co Q 0 X Q 0 ri X Q X Ls! Q O 4— 4-4 a - L a, 4J C CO E U a) • o O 4- N C 0 (o U (1) • 0 v v O- a) L O >- s- a) d 4-; co O0 CD a C O C .a 0 4- 0 a a 0 U Q X LU > Q >' L S >, X a) C U co W f� O I- Pe Q Avex 2A Well and Further Limited to the Codell Formation 4 ,iro CS CS S Ct C. ase 0 E u 00 fi )S3131111 jo adsq 0.47566841 % L 1 Unit Acres OO M d' Tract Acres (N Lease Royalty 0 0 0 0 tri tsaaatul lraauHk asuarl o 0 O 0 0 o 0 v z Ce Leased co 0 is E"' N LANDOWNER ROYALTY ("LOW') Weld County, Board of Commissioners AVEX 11-2, AVEX 12-2 c 0 • S C!S E . L ram CSipC ._ C 'fl :D o �ai 3 ▪ u 00 = x • - a S z Da- oo �•--cd a -3o L L., cI.T.• � �+ (y •• u u N �3 • 00 .iS). o CI . O A • a 4.1 Cia A s N C .� CJA A •� eq � G a CA u Q Type of Interest TOTAL UNIT LOR FOR OWNER Unit Acres Tract Acres Lease Royalty tsaaatul leaaully asna'j asna-I S Cs i E-I'l LANDOWNER ROYALTY ("LOR") 0.94744999% ON C rNa 25.00000000% 100.00000000% b N ct N (Nl Weld County, Board of Commissioners 0 0 m aw mm m N d d vl O CD 0 o 0 0 o 3 co O O ea O N N a U r. n LO i d N C o 0o 0 et W Z in z 0 2 Z 0 as ce 0 V En w ix 3 O tn 4' Division Order Title Opinion T4N, R68W Sec. 2: NW/4 Weld County, Colorado TRACT 2 A. Surface (2.69± acres): Page 5 October 10, 2013 Owner Interest Board of County Commissioners of the County of Weld 100% B. Mineral Interests and Royalty (oil, gas and associated hydrocarbons only): Owner Minerals Royalty BOGLs Board of County Commissioners of the County of Weld 100.000000% N/A Unleased C. D. Overriding Royalty Interests: None of record. Leasehold Working Interests: Owner Working Mineral Lease BOGLs Interest Interest Burdens Board of County Commissioners of the County of Weld 100% 100% N/A Unleased IV. ENCUMBRANCES A. Taxes: See Comment and Requirement 2 below. B Mortgages and Deeds of Trust: See Exhibit "B" attached hereto and incorporated herein by this reference. C. Easements and Rights of Way: See Exhibit "C" attached hereto and incorporated herein by this reference. D. Unreleased Oil and Gas Leases: (00561593.1} 5 WELD COUNTY SMALL -TRACT OIL AND GAS LEASE Containing 2.693 acres, more or less: Containing 2.893 net mineral acres, more or less: THIS LEASE AGREEMENT, dated this 17th day of December , 20 13 , made and entered into by and between WELD COUNTY, COLORADO, a political subdivision of the STATE OF COLORADO, acting by and through the BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF WELD, for its respective Interests, do BOARD OF COUNTY COMMISSIONERS, 1150 O STREET, P.O. BOX 758, GREELEY, CO 80632, hereinafter called Lessor, and: Synergy Resources Corporation, a Colorado Corporation, 20203 Highway 60, Platteville, Colorado 80651 hereinafter called Lessee: WITNESSETH WHEREAS, said Lessee has applied to Lessor for an oil and gas lease covering the land herein described, and has paid a bonus consideration of $ $800 per mineral acre, fixed by Lessor as an additional consideration for the granting of this lease, and Lessee agrees to pay an annual rental of $ 6.73 , computed at the rate of $2.50. per mineral acre or fraction thereof per year, and the following consideration: WHEREAS, all the requirements relative to said application have been duly complied with and said application has been approved and allowed by Lessor; THEREFORE, In consideration of the agreements herein, on the part of Lessee to be paid, kept and performed, Lessor does lease exclusively to Lessee for the sole and only purpose of drilling for, development of and production of oil and gas, or either of them, thereon and therefrom with the right to own all oil and gas so produced and saved therefrom and not reserved as royalty by Lessor under the terms of this lease, together with rights -of -way, easements and servitudes for pipelines, telephone and telegraph lines, tanks and fixtures for producing and caring for such product, and housing and boarding employees, and any and all rights and privileges necessary for the exploration and operation of said land for oil and gas, the following described land situated in the County of Weld, State of Colorado, and more particularly described as follows: SECTION TOWNSHIP RANGE 2 4N 68W DESCRIPTION OF LAND (attach exhibit If additional space is required) SEE EXHIBIT "A" TO HAVE AND TO HOLD said land, and all the rights and privileges granted hereunder to Lessee until the hour of twelve o'clock noon on the 18th day of December , 20 16 , as primary term, and so long thereafter as oil and gas, or either of them, is produced in paying quantities from said land or Lessee is diligently engaged in bona fide drilling or reworking operations on said land, subject to the terms and M CTB'LOIL & GASU.EASE FORMS\FOLease_Smalfrract2013.docx (Revised 09/2013) 2014-1045 4010178 Pages: 1 of 14 04/18/2014 01:03 PM R Fee:$0.00 Stave Moreno. Clerk and Recorder, Weld County. CO 1111 llr1�'�14t��t+�1 �i 1L'14,4;i1W?i t 110 1141 U) III Lto323 AREA ALLOCATION Ne za o H U W a U OC�w C• 4 "C as W O � U ts. Us O F. c1c Q w3ccn jj 3�A • W� I=01 ado x • ag ▪ o o.tL) 1 r N 0 O U z O U NW COIL SEC 2 SCALE I "=500' 0 w crF DZ W L W W CC La- < Q W U V Z ca W W Z J ? AREA ALLOCATION TABLE a. 0 0. 0 h z 0 U A 2 U W a N 00 'O C1 N a. N O 00 rn 0' o; g N x 0 U v U W 1/4 COR, SEC 2 O e O O a J M e° ° �o o: • c E ° IS oz-5 ` o • c Co O _ e r o E 2 O O E cc • 1- O n �a N O a a ft- VIA EMAIL AND U.S. MAIL September 9, 2013 Ms. Sue Eich Manager of Land Synergy Resources Corporation 20203 Highway 60 Platteville, CO 80651 Re: Division Order Title Opinion Avex 11-2D (W/2NW/4 targeting the Codell formation) Avex 12-2D (W/2NW/4 targeting the Codell formation) Avex 21-2D (E/2NW/4 targeting the Coder1/Niobrara formations) Avex 22-2D (E/2NW/4 targeting the Codell formation) Avex 2A (NW/4 targeting the Codell formation) Our File No. 06511.0106 (Avex DOTO) Township 4 North, Range 68 West, 6th P.M. Section 2: NW/4 Weld County, Colorado containing 141.38± acres ("the Lands")1 Dear Ms. Eich: I. Materials Examined DUFFORD BROWN ATTORNEYS AT LAW snonnaduf ordbrown.com A. DRILLING TITLE OPINION ("August 2012 Prior Opinion") dated August 31, 2012, prepared by Randall J. Feuerstein, of Dufford & Brown, P.C., covering the NW/4 of Section 2, Township 4 North, Range 68 West, 6th P.M., containing 138.68 acres, more or less, to March 24, 2010 at 7:00 a.m. B. Property Index Searches provided by Heritage Title Company of Greeley at the request of Synergy Resources Corporation and provided to us by Mike J. Shotwell, Petroleum Land Consultant, agent for Synergy Resources Corporation, covering the Lands identifying documents recorded from March 24, 2010 at 7:00 a.m. through April 30, 2013 at 7:00 a.m. ("DMS"). C. Copies of Documents as highlighted by Mike Shotwell on the above DMS report. I See Area Allocation plat prepared by Alles Taylor & Duke, LLC, dated August 13, 2013, Job #2013-067, attached hereto and incorporated herein by this reference as Appendix "A". 1700 Broadway / Suite 2100 / Denver, CO 80290-2101 / Phone 303.861.8013 / Fax 303.832.3804 / www.dufforcibrown.com {00550500.1} COGIS - WELL Information Page 1 of 2 Well Name/No: Operator: Status Date: County: Field: Planned Location As Drilled Location Frac Focus Chemical Disclosure Registry Wellbore Data for Sidetrack #00 9/25/2012 COGIS - WELL Information Scout Card Doe Related Q Insp. Q MIT • GIS a Doc Ill COA if Wellbore Surface Location Data for API # 05-123-35223 Status: PR Avex #11-2D (click well name for production) SYNERGY RESOURCES CORPORATION - 10311 2/20/2013 WELD #123 WATTENBERG - #90750 1060 FNL 1570 FWL Footages Not Available Job Date: Job End Date Spud Date: Wellbore Permit Permit #: Prop Depth/Form: 8234 Mineral Owner: FEE Unit: Formation and Spacing: Formation and Spacing: Casing: Cement: Casing: Cement: Wellbore Completed Completion Date: 9/30/2012 Measured TD: 7872 Measured PB depth: 7806 True Vertical TD: 7775 True Vertical PB depth: 7709 Top PZ Location: Sec: 2 Twp: 4N 68W Footage: 557 FNL 604 FWL Depth Bottom Hole Location: Sec: 2 Twp: 4N 68W Footages: 550 FNL 585 FWL Depth Log Types: CBL HRI/CD/CN Casing: String Type: SURF , Hole Size: 12.25, Size: 8.625, Top: 0, Depth: 585, Weight: 24 Cement: Sacks: 175, Top: 0, Bottom: 585, Method Grade: CALC Casing: String Type: 1ST , Hole Size: 7.875, Size: 4.5, Top: 0, Depth: 7860, Weight: 11.6 Cement: Sacks: 765, Top: 1550, Bottom: 7860, Method Grade: CBL 1/28/2013 1/28/2013 Federal or State Lease #: Location: Elevation: Lat/Long: 40.346256/-104.974628 Lat/Long. 40.346258/-104.974628 a Orders 2/20/2013 NENW 2 4N68W 6 PM 5,004 ft. Lat/Long Source: Field Measured Lat/Long Source: Field Measured Reported: 3/15/2013 Days to report 46 Formation PARKMAN SUSSEX SHANNON NIOBRARA CODELL J SAND Status: PR 2/20/2013 Spud Date is: ACTUAL DIRECTIONAL Expiration Date: 3/5/2014 10:58:32 PM Surface Mineral Owner Same: Y Surface Owner: FEE Unit Number: Code: JSND , Formation: J SAND , Order: 232-23 , Unit Acreage: 320, Drill Unit: W/2 Code: NB -CD , Formation: NIOBRARA-CODELL , Order: 407-87 , Unit Acreage: 80, Drill Unit: W/2 NW/4 String Type: SURF , Hole Size: 12.25, Size: 8.625, Top: 0, Depth: 550, Weight: 24 Sacks: 350, Top: 0, Bottom: 550, Method Grade: String Type: 1ST , Hole Size: 7.875, Size: 4.5, Top: 0, Depth: 8234, Weight: 11.6 Sacks: 410, Top: 200, Bottom: 8234, Method Grade: Log Top 3454 3960 4516 6926 7260 7720 Log Bottom Cored Completed information for formation CODL Status: PR 2/20/2013 1st Production Date: 2/20/2013 Choke Size: Status Date: 2/20/2013 Open Hole Completion: N Commingled: N Production Method: Formation Name: CODELL Status: PR Formation Treatment Treatment Type: FRACTURE STIMULATION Treatment Date: 1/28/2013 Treatment End Date: 1/28/2013 Treatment summary: Silverstim Frac on the Codell with a total of 114,912 gal of FR66 water, 175,080 lbs of 30/50 Ottawa sand, 1,804 gal of WG- 18. Total fluid used in treatment (bbls): 2736 Max pressure during treatment (psi): 3509 Total gas used in treatment (mcf): 0 Fluid density (lbs/gal): 1 Type of gas: Number of staged intervals: 9 Total acid used in treatment (bbls): 0 Min frac gradient (psi/ft): 0.79 Recycled water used in treatment (bbls): 0 Total flowback volume recovered (bbls): 912 Produced water used in treatment (bbls): 2736 Disposition method for flowback: DISPOSAL Total proppant used (Ibs): 175080 Green completions techniques utilized: True Reason green techniques not utilized: Tubing Size: 2.375 Tubing Setting Depth: 7247 Tubing Packer Depth: Tubing Multiple Packer: Open Hole Top Open Hole Bottom. DSTs http://cogcc.state.co.us/cogis/Facility Detail.asp?facid=12335223&type=WELL 12/30/2016 COGIS - WELL Information Page 2 of 2 Initial Test Data: Test Date: Hours Tested: Gas Disposal: Test Type BBLS_OIL BTU_GAS CALC_BBLS_OIL CALC_GOR CALC_MCF_GAS CASING_PRESS GRAVITY_OIL MCF_GAS TUBING_PRESS Perforation Data: Interval Bottom: # of Holes: 2/20/2013 24 SOLD 7279 72 Measure 223 1283 223 340 76 1000 44 76 1220 Test Method: Gas Type: Interval Top: Hole Size: flowing WET 7261 4 http://cogcc.state.co.us/cogis/FacilityDetail.asp?facid=12335223&type=WELL 12/30/2016 COGIS - WELL Information Page 1 of 2 Total proppant used (lbs): Reason green techniques not utilized: Tubing Size: Tubing Packer Depth: Open Hole Top: COGIS - WELL Information Scout Card 54 Related Q insp. Q MIT I GIS El Doc ai COA if Wellbore Surface Location Data for API # 05-123-35221 Well Name/No: Operator: Status Date: County: Field: Planned Location As Drilled Location Frac Focus Chemical Disclosure Registry Wellbore Data for Sidetrack #00 Avex #12-2D Status: PR (click well name for production) SYNERGY RESOURCES CORPORATION - 10311 2/20/2013 Federal or State Lease #: WELD #123 Location: WATTENBERG - #90750 Elevation: 1120 FNL 1563 FWL Lat/Long: 40.346091/-104.974631 Footages Not Available Lat/Long: 40.346094/-104.97463 Job Date: 1/25/2013 Job End Date: 1/25/2013 Spud Date: Wellbore Permit Permit #: Prop Depth/Form: Mineral Owner: Unit: Formation and Spacing: Formation and Spacing: Casing: Cement: Casing: Cement: Wellbore Completed Completion Date: Measured TD: True Vertical TD: Top PZ Location: Bottom Hole Location: Log Types: Casing: Cement: Casing: Cement: Reported: 3/15/2013 Status: PR 10/10/2012 Spud Date is: DIRECTIONAL Expiration Date: 8227 Surface Mineral Owner Same: FEE Surface Owner: Unit Number: Code: JSND , Formation: J SAND , Order: 232-23 , Unit Acreage: 320, Drill Unit: W/2 Code: NB -CD , Formation: NIOBRARA-CODELL , Order: 407-87 , Unit Acreage: 80, Drill String Type: SURF , Hole Size: 12.25, Size: 8.625, Top: 0, Depth: 550, Weight: 24 Sacks: 350, Top: 0, Bottom: 550, Method Grade: String Type: 1ST , Hole Size: 7.875, Size: 4.5, Top: 0, Depth: 8227, Weight: 11.6 Sacks: 410, Top: 200, Bottom: 8227, Method Grade: 10/16/2012 7858 Measured PB depth: 7856 7756 True Vertical PB depth: 7754 Sec: 2 Twp: 4N 68W Footage: 1807 FNL 691 FM.. Depth Sec: 2 Twp: 4N 68W Footages: 1848 FNL 625 FWL Depth CBL HRI/CD/CN String Type: SURF , Hole Size: 12.25, Size: 8.625, Top: 0, Depth: 605, Weight: 24 Sacks: 175, Top: 0, Bottom: 605, Method Grade: CALC String Type: 1ST , Hole Size: 7.875, Size: 4.5, Top: 0, Depth: 7847, Weight: 11.6 Sacks: 775, Top: 560, Bottom: 7847, Method Grade: CBL Formation SUSSEX SHANNON NIOBRARA FORT HAYS CODELL J SAND Log Top 4009 4520 6928 7231 7254 7713 Completed information for formation CODL 1st Production Date: Status Date: Commingled: Formation Name: Formation Treatment Treatment Date: 2/20/2013 2/20/2013 N CODELL a Orders 2/20/2013 NENW 2 4N68W 6 PM 5,003 ft. Lat/Long Source: Field Measured Lat/Long Source: Field Measured Days to report: 49 2/20/2013 ACTUAL 3/5/2014 10:58:32 PM Y FEE Unit: W/2 NW/4 Log Bottom Cored Status: PR 2/20/2013 Choke Size: Open Hole Completion: Production Method: Status: Treatment Type: 1/25/2013 Treatment End Date: Treatment summary: Frac on the Codell with a total of 206,135 gal of FR66 water, 157,750 lbs of 30/50 Ottawa sand. Total fluid used in treatment (bbls): 4908 Total gas used in treatment (mcf): 0 Type of gas: Total acid used in treatment (bbls): 0 Recycled water used in treatment (bbls): 0 Produced water used in treatment (bbls): 4908 170250 2.375 Max pressure during treatment (psi): Fluid density (lbs/gal): Number of staged intervals: Min frac gradient (psi/ft): Total flowback volume recovered (bbls): Disposition method for flowback: Green completions techniques utilized: Tubing Setting Depth: Tubing Multiple Packer: Open Hole Bottom: N PR FRACTURE STIMULATION 1/25/2013 sand, 12,500 of 40/70 Ottawa 5095 1.25 9 0.77 1636 DISPOSAL True 7149 DSTs http://cogcc.state.co.us/cogis/FacilityDetail.asp?facid=12335221 &type=WELL 12/30/2016 COGIS - WELL Information Page 2 of 2 Initial Test Data: Test Date: Hours Tested: Gas Disposal: Test Type BBLS_OIL BTU_GAS CALC_BBLS_OIL CALC_GOR CALC_MCF_GAS CASING_PRESS GRAVITY_OIL MCF_GAS TUBING_PRESS Perforation Data: Interval Bottom: # of Holes: 2/20/2013 24 SOLD 7273 72 Measure 123 1354 123 723 89 900 44 89 1100 Test Method: Gas Type: Interval Top: Hole Size: flowing WET 7255 0.38 http://cogcc.state.co.us/cogis/FacilityDetail.asp?facid=12335221 &type=WELL 12/30/2016 COGIS - WELL Information Page 1 of 2 COGIS - WELL Information Scout Card Related v insp. Q MIT • GIS a Doc a COA '9C` Wellbore Surface Location Data for API # 05-123-35222 Well Name/No: Operator: Status Date: County: Field: Planned Location As Drilled Location Footages Not Available Frac Focus Chemical Disclosure Registry Wellbore Data for Sidetrack #00 Status: PR 2/20/2013 Spud Date: 10/5/2012 Spud Date is: ACTUAL Wellbore Permit Permit #: Expiration Date: 3/5/2014 10:58:32 PM Prop Depth/Form: 8120 Surface Mineral Owner Same: Y Mineral Owner: FEE Surface Owner: FEE Unit: Unit Number: Formation and Spacing: Code: JSND , Formation: J SAND , Order: 232-23 , Unit Acreage: 320, Drill Unit: W/2 Formation and Spacing: Code: NB -CD , Formation: NIOBRARA-CODELL , Order: , Unit Acreage: 160, Drill Unit: NW/4 Casing: String Type: SURF , Hole Size: 12.25, Size: 8.625, Top: 0, Depth: 550, Weight: 24 Cement: Sacks: 350, Top: 0, Bottom: 550, Method Grade: Casing: String Type: 1ST , Hole Size: 7.875, Size: 4.5, Top: 0, Depth: 8120, Weight: 11.6 Cement: Sacks: 410, Top: 200, Bottom: 8120, Method Grade: Wellbore Completed Completion Date: 10/11/2012 Measured TD: 7760 Measured PB depth: 7708 True Vertical TD: True Vertical PB depth: Log Types: CBL HRI/CD/CN Casing: String Type: SURF , Hole Size: 12.25, Size: 8.625, Top: 0, Depth: 605, Weight: 24 Cement: Sacks: 175, Top: 0, Bottom: 605, Method Grade: CALC Casing: String Type: 1ST , Hole Size: 7.875, Size: 4.5, Top: 0, Depth: 7760, Weight: 11.6 Cement: Sacks: 735, Top: 1335, Bottom: 7760, Method Grade: CBL Formation Log Top Log Bottom Cored DSTs SUSSEX 3397 SHANNON 4462 TEEPEE BUTTES 6016 NIOBRARA 6838 CODELL 7160 J SAND 7618 Completed information for formation CODL Status: PR 2/20/2013 Status: PR Avex #2A (click well name for production) SYNERGY RESOURCES CORPORATION - 10311 2/20/2013 Federal or State Lease #: WELD #123 Location: WATTENBERG - #90750 Elevation: 1099 FNL 1566 FWL Lat/Long: 40.346147/-104.97463 Lat/Long: 40.346148/-104.974629 a. Orders 2/20/2013 NENW 2 4N68W 6 PM 5,003 ft. Lat/Long Source: Field Measured Lat/Long Source: Field Measured Reported: 3/15/2013 Days to report: 46 1st Production Date: Status Date: Commingled: Formation Name: Formation Treatment Treatment Date: Job Date: 1/28/2013 Job End Date: 1/28/2013 2/20/2013 2/20/2013 N CODELL 1/28/2013 Choke Size: Open Hole Completion: Production Method: Status: Treatment Type: Treatment End Date: N PR FRACTURE STIMULATION 1/28/2013 Treatment summary: Silverstim Frac on the Codell with a total of 111,888 gal of FR66 water, 175,000 lbs of 30/50 Ottawa sand, and 2,074 gal of WG-18. Total fluid used in treatment (bbls): 2664 Max pressure during treatment (psi): 4324 Total gas used in treatment (mcf): 0 Fluid density (lbs/gal): 1.4 Type of gas: Number of staged intervals: 9 Total acid used in treatment (bbls): 0 Min frac gradient (psi/ft): 0.78 Recycled water used in treatment (bbls): 0 Total flowback volume recovered (bbls): 888 Produced water used in treatment (bbls): 2664 Disposition method for flowback: DISPOSAL Total proppant used (lbs): 175000 Green completions techniques utilized: True Reason green techniques not utilized: Tubing Size: 2.25 Tubing Setting Depth: 7149 Tubing Packer Depth: Tubing Multiple Packer: Open Hole Top: Open Hole Bottom: http://cogcc.state.co.t.ts/cogis/FacilityDetail.asp :'facid=12335222&type=WELL 12/30/2016 COGIS - WELL Information Page 2 of 2 Initial Test Data: Test Date: Hours Tested: Gas Disposal: Test Type BBLS_OIL BTU_GAS CALC_BBLS_OIL CALC_GOR CALC_MCF_GAS CASING_PRESS MCF_GAS TUBING_PRESS Perforation Data: Interval Bottom: # of Holes: 2/20/2013 24 SOLD 7178 72 Measure 70 1281 70 600 42 1000 42 1200 Test Method: Gas Type: Interval Top: Hole Size: flowing WET 7160 4 http://cogcc.state.co.us/cogis/FacilityDetail.asp?facid=12335222&type=WELL 12/30/2016 COUNTY ATTORNEY STAFF APPROVAL This is to affirm the attached Division Order and authorization to receive payment for an oil and gas well has been reviewed by the County Attorney's staff as to form and legal description. Well Name(s): AVEX 11-2D AVEX 12-2D AVEX 2A Bruce Barker - County Attorney DATE: File Location(s): LE0323 3 NOTES: 2.69 mineral acres/ 141.38 acres spacing unit * 25% = .00475669 MATCH December 12, 2016 Dear Interest Owner, SYNERGY RESOURCES CORPORATION 1625 Broadway, Suite 300 Denver, CO 80202 Enclosed are copies of Division Orders for your approval and execution. The purpose of this Division Order is to provide you information about your ownership and obtain certification that you are the correct person whom payments for this interest should be made. If you are receiving a Division Order from Synergy Resources Corporation for the first time, please be advised that we are the operator and a well has started producing or there was notice of transfer in ownership. If your name and interest are correctly shown: 1. Sign your name as shown on the Division Order. 2. If your name has changed due to marriage or divorce, execute the Division Order using your present name and furnish a copy of the marriage certificate or divorce decree. 3. If signing for a corporation, signature must be attested, corporate seal affixed and of signatory party reflected. 4. If signed by agent, attorney -in -fact, guardian or any party other than named interest owner, certified copy of the power of attorney or other evidence of such party's right to sign must be furnished. 5. Please provide your correct Social Security Number or Tax Identification Number, failure to comply will result in a tax withholding of 28% on all production proceeds due to you. You may also be subject to a further penalty levied by the Internal Revenue Services. 6. Your royalty check will be sent to the address listed on the Division Order. Please verify that the address is correct. If there is an error in your address or your address has changed, please note the correction on the space provided. 7. Please sign and return the top copy of the Division Order to: Synergy Resources Corporation 1625 Broadway, Suite 300 Denver, CO 80202 8. Should you have any further questions regarding the enclosed Division Order, please contact Macy Mullins (720)-616-4324 mmullins@syrginfo.com or Synergy Resources Corporation at 720-616-4300. Sincerely, Macy Mullins Division Order Analyst Synergy Resources Corporation Hello