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HomeMy WebLinkAbout20173660.tiffNADOA Model Form Division Order (Adopted 9/95) DIVISION ORDER To: PDC Energy, Inc 1775 Sherman Street, Suite 3000 Denver, CO 80203 Attn: Morgan McCabe (303) 318-6192or Morgan.McCabe, l pdce.com Property Number: 105.101286, 105.101335 2 • Property Name: i• 6lein 19N-202ST NB, Klein 19N-302 NB Operator: PDC Energy, Inc County and State: Weld, Colorado Property Township 5 North, Range 64 West Date: September 22, 2017 Effective Dates: 3/22/2017, 3/31/2017 1. API4F-o5-1Zu-1102Hc1 IA.1 05-123 -41005 Description: Section 19: NWNE (SPACING - SEC 19: NE; SEC 20: N2; SEC 21: NW, W2NE - 728.7896 ACRES) Production: X Oil X Gas X Other: all products Owner Name and Address: See `Exhibit A' attached hereto and made a part hereof OWNER NUMBER: Type of Interest: Decimal Interest: The undersigned certifies the ownership of their decimal interest in production or proceeds as described above payable by PDC Energy, Inc. (Payor). Payor shall be notified, in writing, of any change in ownership, decimal interest, or payment address. All such changes shall be effective the first day of the month following receipt of such notice. Payor is authorized to withhold payment pending resolution of a title dispute or adverse claim asserted regarding the interest in production claimed herein by the undersigned. The undersigned agrees to indemnify and reimburse Payor any amount attributable to an interest to which the undersigned is not entitled. Payor may accrue proceeds until the total amount equals $50.00, or pay yearly whichever occurs first, or as required by applicable state statute. This Division Order does not amend any lease or operating agreement between the undersigned and the lessee or operator or any other contracts for the purchase of oil or gas. In addition to the terms and conditions of this Division Order, the undersigned and Payor may have certain statutory rights under the laws of the state in which the property is located. Special Clauses: (None or See Attached Exhibit) SIGNATUR( BOARD OFffLTy ATTE CLE BY: DEPUTY CLER ! TO T E BOA County Government " Street CO 80634 70-336-7204 336-7233 4-6000-813 2017-3660 6) Federal Law requires you to furnish your Social Security or Taxpayer Identification Number. Failure to comply will result in 28 % tax withholding and will not be refundable by Payor LMH kee-rwint Arida- 1°12.5 /Retain copy (�XJ/� r !/ord 02,3-/7 LE638cv, L.t.03g1 I LE.o3s5 ,1-00 9\ Exhibit A 105.101286, 105.101335 - Klein 19N-202ST NB, Klein 19N-302 NB Owner No. Credit To Type Interest 43444 Weld County Board of Comm 43444 Interest (0.285* 100%/728.7896* 18.5%)+(0.0918* 100 %/728.7896* 18.5%)+(3.60 89* 100%/728.7896* 18.5%)+(0.4348* 100%/728.7896* 18.5%)+(0.5612 * 1 00%/728.7896*18.5%)+(0.767* 100%/728.7896*18.5%)+(0.4864*100%/7 28.7896* 18.5%)+(0.3743* 100%/728.7896* 18.5%)+(0.5799* 100%/728.7 896* 18.5%)+(4.6503* 100%/728.7896* 18.5%)+(2.9713* 100%/728.7896* 18.5%)+(0.5612* 100%/728.7896* 18.5%)+(0.5612*100%/728.7896* 18.5 %)+(0.1871 *100%/728.7896*18.5%)+(0.7859*100%/728.7896*18.5%)+( 0.1871 *100%/728.7896*18.5%)+(1.4033*100%/728.7896*18.5%)+(0.91 36*100%/728.7896*18.5%)+(0.3171 *100%/728.7896*18.5%) = RI 0.00500770 « Your Interest Weld County Board of Comm (0.3705*100%/728.7896*18.5%) = RIS 0.00009405Req 16 « Your Ce O ce O ce C ce ce c ce O O C C C C O O B C MP .J C 00 r--- 06 N C- Total Tract Acres: Rounded Tract Lease Mineral Ares a V C oft L C ar Ca e cso 11+ r C) CU I, fit S Cal to LANDOWNER ROYALTY (" r r C O 00 Cl O 0 ten O O O C 00 Ut N In 00 Ut 00 In a ce Ut Ut I In N C b cc: L C C U C U C) 3 ON 00 00 00 a' O O 0 O 0 O O 00 d' C— 00 Ut 00 In 6- a) Ut CO in In N 'C a' 00 r 00 Cl C- o' 00 O M C 0 O 0 C to 00 Ut In 00 Ut 00 C) Ut M In N r -- en C 0 0 O C 00 t-- 00 N C- 00 Ut M O C C O O O In 00 7 C - in 00 Ut 00 In 6- C.) ce o , In Cl C C, 00 r` 00 N r N 'C O 0 O O O 0 0 In 00 C M N C-- Ut U O a. C b C) C) C .a CC o" C U C U t O` 00 00 Cl r -- O 'C M N Ut a' N C b CC 4r C C U C U b C) C` 00 r` 00 �C 00 Ut 0 e. O O O 00 O M Cl Ut C b Ct I. C U C C U C) 3 a' 00 r- oc; N M 7 r -- en a O O O O C In 00 O en N C-- U C CL 0 b C) CC C) I M I N N Ut O O O �C C` 00 r-- 00 N r C O O O C 00 U C a. C -o C) Ct C) a` C Ut N C b Ct L _C >71 C U C U t 3 �C Ut C 00 C C C O 00 In Ut O 00 C O O ON 00 r` 00 N r - ON In M Cl C-- Ut U C 0 C) C) I N N Ut In 0 O O O 'C ON 00 00 Cl \o O O O O O to 00 0 .C M U' C7 yet N ON 00 00 N N In O 0 co, O C O In 00 M N Cget - U C� C b C) CCS C) Ut Cl C N 0 O O O 'C a` 00 C- 00 Cl r (N In O O O C C in 00 M N C- Ut eased to PDC Ut N a` 00 r --- 0C N N r 00 O O O C O 0 00 M N C- Ut U C] a. 0 b C) Ct 1) N 11� Ut Cl a` 00 00 N �C M N N Ut U C] a. C b C) CC C) 00 N ON 00 r` 00 N r` C- 00 M N Ut U 2 a. 0 b CJ Cd v as �Yy V N O` 00 N 00 Cl C 0 O O O in 00 U C] 0 a 0 .YL. Ut N O` en N C O O O a` 00 r-- 00 M a' C M N Ct N O` 00 00 N O M N r Ut U C� 0 -a C) C) 3 Ut Cl a` 00 C` 00 N 0 O O C O In 00 grt t- in 00 Ut C v ae W N THIRD SUPPLEMENTAL DIVISION OF INTEREST 9/28/17 2:10 PM Lx] N 0. co O .C C zr z r.+ R7 u) C CO it \O y cii et C C a CLd o A Coe Z,• i t O O Z tim in 0(14 z C •— O L F- a Cla CS Ci le WI Z CI N i a it iirIs z L z C C N CC en F. O O N V Z CI Z M in i .O Z .E Z e Tract Acres kr, O l� en 6 N — c in O O [� sO (-- O .rt \C 00 O 0.3743 Os ON [� kr, O en O k!', c M N N C in O V', 00 [� O I� 00 en M O c M O vl 00 N O 00 U 00 O 'C M 00 M — I-- 00 l� — M O I� O` N — C V', O — O' 0 O — ON O — O — O V 4- O 4 — rr L. E" O'— o " O 24H-11 --s N 25E -5B u - N 25H-10 1- I u.,l m cn - N N N L N le N v N N N N Cl qt N ‘7,-74 N N N N Tract Description more particularly described as follows: Beginning at a point 231 feet North of the centerline of the Union Pacific Railroad Company the East line of the Northeast Quarter (NE/4); thence North 125 feet; thence West 125 feet; thence South 125 feet; thence East 125 feet LUDING therefrom the South 26 feet 121: Lots 9, 10, 11, 12, 13 and 14, Block 1, Clark and Hill's Addition to the Town of Kersey Lots 26, 27, 28, 29, 30, 31 and 32, Block 1, Clark and Hill's Addition to the Town of Kersey 121: Lots 1, 2, 3 and 4, Block 2, Clark and Hill's Addition to the Town of Kersey [21: Lots 7, 8, 9 and 10, Block 2, Clark and Hill's Addition to the Town of Kersey p21: Lots 28, 29, 30, 31 and 32, Block 4, Clark and Hill's Addition to the Town of Kersey 121: Lots 1 through 19, 28 through 48 and 50 through 54, Block 14, Clark and Hill's 2nd Addition to the Town of Kersey' 121: lots 1 through 24 and 44 through 49, Block 15, Clark and Hill's 2nd Addition to the Town of Kersey 21: Lots 7, 8, 9, 10, 11, and 12, Block 16, Clark and Hill's 2nd Addition to the Town of Kersey 21: Lots 16, 17, 18, 19, 20, and 21, Block 16, Clark and Hill's 2nd Addition to the Town of Kersey Lots 22 and 23, Block 16, Clark and Hill's 2nd Addition to the Town of Kersey 121: Lots 24, 25, 26, 27, 28, and 29, Block 16, Clark and Hill's 2nd Addition to the Town of Kersey 21: Lots 30 and 31, Block 16, Clark and Hill's 2nd Addition to the Town of Kersey 121: Lots 32 through 45, and 46, Block 16, Clark and Hill's 2nd Addition to the Town of Kersey 21: Lots 47 through 54, Block 16, Clark and Hill's 2nd Addition to the Town of Kersey 21: Lots 1 and 2, Block 2, Town of Kersey Subdivision 121: Lots 12, 13, 14, and the North eight (8) inches of Lot 15, Block 5, Town of Kersey Subdivision 121: The South 24.4 feet of Lot 17, Block _5, Town of Kersey Subdivision 121: Lots 7 through 25, 30 through 35 and 38 through 48, Block 6, Town of Kersey Subdivision 121: Lots 24 and 25, Block 8, Town of Kersey Subdivision 20: That part of the SE/4NE/4 right-of-way and 30 feet West .. .-. N •• .I el ov�Y LAW FIR M Pc PDC Energy, Inc. 1775 Sherman St., Suite 3000 Denver, CO 80203 Attn: J. Tyler Sims Joshua S. Davis josh.davis@hoveylawfirm.com June 8. 2017 Third Supplemental Drilling and Division Order Title Opinion Klein I9M-402, 19M-232, 19N-312, 19N-202, 19N-302, and 19N-432 Wells Attorney File # 2I56B LANDS COVERED BY OPINION: Township 5 North, Range 64 West, 6th P.M. Section 16: SW/4SE/4, S/2SW/4 Section 17: S/2S/2 Section 18: S/2SE/4 Section 19: NE/4 Section 20: N/2 Section 21: W/2NE/4, NW/4 Weld County, Colorado Containing 1,089.6096 acres, more or less "Captioned Lands" Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, 19M-232, 19N-312, 19N-202, I9N-302 and 19N-432 Wells Weld County, CO June 8, 2017 Page 16 TRACTS The lands covered by this Opinion (the "Unit Area") have been divided into the separate Tracts described below. The "Tract Factor" set forth for each of the described Tracts identifies the proportion that the total number of acres within such Tract bears to the total number of acres within the Unit Area. Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, 19M-232, 19N-312, 19N-202. I9N-302 and 19N-432 Wells Weld County, CO June 8, 2017 Page 32 Tract 21E Description Township 5 North, Range 64 West, 6th P.M. Section 20: That part of the SE/4NE/4 more particularly described as follows: Beginning at a point 231 feet North of the centerline of the Union Pacific Railroad Company right-of-way and 30 feet West of the East line of the Northeast Quarter (NE/4); thence North 125 feet; thence West 125 feet; thence South 125 feet; thence East 125 feet to Tract Factor Lease 0.3705/1,089.6096 114 Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, 19M-232, 19N-312, 19N-202, 19N-302 and 19N-432 Wells Weld County, CO June 8, 2017 Page 44 QUARTER -QUARTER 24: NW/4NW/4 OF SECTION 21 Tract 24A Description Township 5 North, Range 64 West, 6th P.M. Section 21: Block 1, Clark and Hill's Addition to the Town of Kersey, as shown on plat recorded at Reception No. 95715 on March 13, 1904 Weld County, Colorado Tract Factor Lease 3.3556/1,089.6096 Unleased Included within the above Tract are the following individual parcels: Parcel Factor Lease 4. Lots 9, 10, 11, 12, 13 and 14 9. Lots 26, 27, 28, 29, 30, 31 and 32 Tract 24B Description Township 5 North, Range 64 West, 6th P.M. Section 21: Block 2, Clark and Hill's Addition to the Town of Kersey, as shown on plat recorded at Reception No. 95715 on March 13, 1904 Weld County, Colorado 0.5612/3.3556 Unleased 0.7670/3.3556 Unleased Tract Factor Lease 3.3587/1,089.6096 Unleased Included within the above Tract are the following individual parcels: Parcel Factor Lease I. Lots 1, 2, 3 and 4 0.4864/3.3587 Unleased 3. Lots 7, 8, 9 and 10 0.3743/3.3587 Unleased Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, 19M-232, I9N-312, 19N-202, 19N-302 and 19N-432 Wells Weld County. CO June 8, 2017 Page 45 Tract 24D Description Tract Factor Lease Township 5 North, Range 64 West, 6th P.M. 3.3646/1,089.6096 Unleased Section 21: Block 4, Clark and Hill's Addition to the Town of Kersey, as shown on plat recorded at Reception No. 95715 on March 13, 1904 Weld County, Colorado Included within the above Tract are the following individual parcels: Parcel Factor Lease Third Supplemental Drilling & Division Order Title Opinion Klein I9M-402, I9M-232, 19N-312, 19N-202, 19N-302 and I9N-432 Wells Weld County. CO June 8,2017 Page 46 9. Lots 28, 29, 30, 31 and 32 0.5799/3.3646 Unleased Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, 19M-232, 19N-312, 19N-202, I9N-302 and 19N-432 Wells Weld County, CO June 8, 2017 Page 47 Tract 24F Description Tract Factor Lease Township 5 North, Range 64 West, 6th P.M. 5.6045/1.089.6096 Unleased Section 21: Block 14, Clark and Hill's 2nd Addition to the Town of Kersey, as shown on plat recorded at Reception No. 108092 on January 29, 1906 Weld County, Colorado Included within the above Tract are the following individual parcels: Parcel Factor Lease 1. Lots I through 19, 28 through 48 and 50 through 54 4.6503/5.6045 Unleased Tract 24G Description Tract Factor Lease Township 5 North, Range 64 West, 6th P.M. 5.6057/1,089.6096 Unleased Section 21: Block 15, Clark and Hill's 2nd Addition to the Town of Kersey, as shown on plat recorded at Reception No. 108092 on January 29, 1906 Weld County, Colorado Included within the above Tract are the following individual parcels: Parcel Factor Lease 1. Lots 1 through 24 and 44 through 49 2.9713/5.6057 Unleased Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, 19M-232, 19N-312, I9N-202, 19N-302 and I9N-432 Wells Weld County, CO June 8.2017 Page 48 Tract 2411 Description Township 5 North, Range 64 West, 6th P.M. Section 21: Block 16, Clark and Hill's 2nd Addition to the Town of Kersey, as shown on plat recorded at Reception No. 108092 on January 29, 1906 Weld County, Colorado Tract Factor Lease 5.6069/1,089.6096 Unleased Included within the above Tract are the following individual parcels: Parcel Factor Lease 4. Lots 7, 8, 9, 10, l 1, and 12 6. Lots 16, 17, 18, 19, 20, and 21 7. Lots 22 and 23 8. Lots 24, 25, 26, 27, 28, and 29 9. Lots 30 and 31 10. Lots 32 through 45, and 46 11. Lots 47 through 54 0.5612/5.6069 Unleased 0.5612/5.6069 Unleased 0.1871/5.6069 Unleased 0.7859/5.6069 Unleased 0.1871/5.6069 Unleased 1.4033/5.6069 Unleased 0.9136/5.6069 Unleased Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, 19M-232, I9N-312, 19N-202, 19N-302 and 19N-432 Wells Weld County, CO June 8, 2017 Page 49 Tract 24J Description Tract Factor Lease Township 5 North, Range 64 West, 6th P.M. 0.9362/1,089.6096 Unleased Section 21: That portion of Block 2, Town of Kersey Subdivision (formerly known as Orr), dated effective November 15, 1894, recorded at Reception No. 53859, located in the NW/4NW/4 Weld County, Colorado Included within the above Tract are the following individual parcels: Parcel Factor Lease 1. Lots I and 2 0.3171/0.9362 Unleased Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, 19M-232, 19N-312, 19N-202, 19N-302 and 19N-432 Wells Weld County. CO June 8.2017 Page 53 Tract 25E Description Township 5 North, Range 64 West, 6th P.M. Section 21: Block 5, Town of Kersey Subdivision (formerly known as Orr), as shown on plat recorded at Reception No. 53859 on November 22, 1894 Weld County, Colorado Tract Factor Lease 4.8528/1,089.6096 Unleased, 17, 56,58, 60 through 62, 114 Included within the above Tract are the following individual parcels: Parcel Factor Lease Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, I9M-232, I9N-312, 19N-202, I9N-302 and 19N-432 Wells Weld County, CO June 8, 2017 Page 54 4. Lots 12, 13, 14, and the North eight (8) inches 0.2850/4.8528 114 of Lot 15 5B. The South 24.4 feet of Lot 17 Tract 25F Description Township 5 North, Range 64 West, 6th P.M. Section 21: Block 6, Town of Kersey Subdivision (formerly known as Orr), as shown on plat recorded at Reception No. 53859 on November 22, 1894 Weld County, Colorado 0.0918/4.8528 114 Tract Factor Lease 4.8517/1,089.6096 Unleased, 63, 64, 68, 114 Included within the above Tract are the following individual parcels: Parcel Factor Lease 3. Lots 7 through 25, 30 through 35 and 38 through 48 3.6089/4.8517 114 Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, I9M-232. 19N-312, 19N-202, 19N-302 and 19N-432 Wells Weld County, CO June 8, 2017 Page 55 Tract 25H Description Township 5 North, Range 64 West, 6th P.M. Section 21: Block 8, Town of Kersey Subdivision (formerly known as Orr), as shown on plat recorded at Reception No. 53859 on November 22, 1894 Weld County, Colorado Tract Factor Lease 5.2799/1,089.6096 Unleased, 17, 78 through 87, 114 Included within the above Tract are the following individual parcels: Parcel Factor Lease Third Supplemental Drilling & Division Order Title Opinion Klein I9M-402, I9M-232, 19N-312, 19N-202. l9N-302 and 19N-432 Wells Weld County, CO June 8, 2017 Page 56 10. Lots 24 and 25 0.4348/5.2799 114 Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, 19M-232. 19N-312, I9N-202, 19N-302 and 19N-432 Wells Weld County, CO June 8,2017 Page 61 OWNERSHIP Based on an examination of the above described Title Materials and subject to the Exceptions, Comments and Requirements set forth herein below, as of the Certification Dates summarized below in Requirement No. 56, title to the Captioned Lands was owned and encumbered as follows: Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402. I9M-232, 19N-312, 19N-202, 19N-302 and I9N-432 Wells Weld County, CO June 8, 2017 Page 121 OWNERSHIP INTERESTS IN TRACT 21E (Metes and Bounds Parcel Located in the SE/4NE/4 of Section 20) SURFACE: Owner Weld County, Colorado Interest 100.000000% Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402. 19M-232, 19N-312, 19N-202, 19N-302 and 19N-432 Wells Weld County, CO June 8, 2017 Page 122 MINERAL INTERESTS & ROYALTY: Owner Weld County, Colorado OVERRIDING ROYALTY INTERESTS: None LEASEHOLD WORKING INTERfEi CTS: Owner Incline Niobrara Partners, LP (OIL, GAS & ASSOCIATED HYDROCARBONS ONLY) Lease WI Mineral Interest 100.000000% Lease Mineral Interest 100.000000% 100.000000% Royalty Interest Lease 18.500000% 114 Lease NRI Lease 82.000000% 114 COMBINED OIL AND GAS LEASEHOLD OWNERSHIP INTERESTS FOR TRACT 21E Par Weld County, Colorado Incline Niobrara Partners, LP Total TRACT WI/NRI 110 Type of Interest WI LOR 0.000000% WI/NRI 100.000000% 100.000000% NRI 0.18500000 0.81500000 1.00000000% Lease 114 114 Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, I9M-232. I9N-312, 19N-202, I 9N-302 and I 9N-432 Wells Weld County, CO June 8, 2017 Page 159 OWNERSHIP INTERESTS IN TRACT 24A (Block 1 of Clark and Hill's Addition to the Town of Kersey) SURFACE: See Requirement No. 9 MINERAL INTERESTS & ROYALTY: (OIL, GAS & ASSOCIATED HYDROCARBONS ONLY) Tract Parcel 24A-4 Lots 9, 10, 11, 12, 13 and 14, Block 1 Owner Weld County, Colorado 24A-9 Lots 26, 27, 28, 29, Weld County, 30, 31 and 32, Block Colorado 1 Mineral Royalty Interest Interest Lease 100.000000% N/A Unleased 100.000000% N/A Unleased Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, I9M-232, 19N-312, I9N-202, I9N-302 and 19N-432 Wells Weld County, CO June 8, 2017 Page 160 OWNERSHIP INTERESTS IN TRACT 24B (Block 2 of Clark and Hill's Addition to the Town of Kersey) SURFACE: See Requirement No. 9 MINERAL INTERESTS & ROYALTY: (OIL, GAS & ASSOCIATED HYDROCARBONS ONLY) Tract Parcel Owner ?4B-1 Lots 1, 2, 3 and 4, Weld County, Block 2 Colorado 24B-3 Lots 7, 8, 9 and 10, Weld County, Block 2 Colorado Mineral Royalty Interest Interest Lease 100.000000% N/A Unleased 100.000000% N/A Unleased Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, 19M-232, 19N-312, 19N-202, 19N-302 and 19N-432 Wells Weld County, CO June 8, 2017 Page 162 OWNERSHIP INTERESTS IN TRACT 24D (Block 4 of Clark and Hill's Addition to the Town of Kersey) SURFACE: See Requirement No. 9 Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, 19M-232. I9N-312, 19N-202, 19N-302 and 19N-432 Wells Weld County, CO June 8, 2017 Page 163 MINERAL INTERESTS & ROYALTY: (OIL, GAS & ASSOCIATED HYDROCARBONS ONLY) Tract Parcel Owner 24D-9 Lots 28, 29, 30, Weld County, 31and 32, Block 4 Colorado Mineral Royalty Interest Interest Lease 100.000000% N/A Unleased Third Supplemental Drilling & Division Order Title Opinion Klein I9M-402, I9M-232, 19N-312, 19N-202, I9N-302 and 19N-432 Wells Weld County, CO June 8, 2017 Page 166 OWNERSHIP INTERESTS IN TRACT 24F (Block 14 of Clark and Hill's Second Addition to the Town of Kersey) SURFACE: See Requirement No. 9 MINERAL INTERESTS & ROYALTY: (OIL, GAS & ASSOCIATED HYDROCARBONS ONLY) Tract Parcel Owner 24F-1 Lots 1 through 19, Weld County, 28 through 48 and Colorado 50 through 54, Block 14 Mineral Royalty Interest Interest Lease 100.000000% N/A Unleased Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, 19M-232, 19N-312, 19N-202, 19N-302 and 19N-432 Wells Weld County. CO June 8,2017 Page 167 OWNERSHIP INTERESTS IN TRACT 24G (Block 15 of Clark and Hill's Second Addition to the Town of Kersey) SURFACE: See Requirement No. 9 MINERAL INTERESTS & ROYALTY: (OIL, GAS & ASSOCIATED HYDROCARBONS ONLY) Tract Parcel Owner 24G-1 Lots 1 through 24 Weld County, and 44 through 49, Colorado Block 15 Mineral Royalty Interest Interest Lease I 00.000000% N/A Unleased Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, 19M-232, 19N-312, 19N-202, 19N-302 and 19N-432 Wells Weld County, CO June 8, 2017 Page 168 OWNERSHIP INTERESTS IN TRACT 24H (Block 16 of Clark and Hill's Second Addition to the Town of Kersey) SURFACE: See Requirement No. 9 MINERAL INTERESTS & ROYALTY: (OIL, GAS & ASSOCIATED HYDROCARBONS ONLY) Tract Parcel Owner 24H-4 Lots 7, 8, 9, 10, 11, Weld County, and 12, Block 16 Colorado 24H-6 Lots 16, 17, 18, 19, 20, and 21, Block 16 24H-7 Lots 22 and 23, Block 16 24H-8 Lots 24, 25, 26, 27, 28, and 29, Block 16 Weld County, Colorado Weld County, Colorado Weld County, Colorado Mineral Interest 100.000000% 100.000000% 100.000000% 100.000000% Royalty Interest N/A N/A N/A N/A Lease Unleased Unleased Unleased Unleased Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, I9M-232, 19N-312, I9N-202, 19N-302 and I9N-432 Wells Weld County, CO June 8, 2017 Page 169 24H-9 Lots 30 and 31, Block 16 24H-10 Lots 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, and 46, Block 16 Weld County, Colorado Weld County, Colorado 24H -1 1 Lots 47, 48, 49, 50, Weld County, 51, 52, 53, and 54, Colorado Block 16 100.000000% 100.000000% N/A N/A 100.000000% N/A Unleased Unleased Unleased Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, 19M-232, 19N-312, 19N-202, 19N-302 and I9N-432 Wells Weld County, CO June 8, 2017 Page 170 OWNERSHIP INTERESTS IN TRACT 24J (Portion of Block 2, Town of Kersey Located in the NW/4NW/4 of Section 21) SURFACE: See Requirement No. 9 MINERAL INTERESTS & ROYALTY: (OIL, GAS & ASSOCIATED HYDROCARBONS ONLY) Tract Parcel Owner 24J- I Lots 1 and 2, Block Weld County, 2 Colorado Mineral Royalty Interest Interest Lease 100.000000% N/A Unleased Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, 19M-232. 19N-312, I9N-202, 19N-302 and 19N-432 Wells Weld County, CO June 8.2017 Page 182 OWNERSHIP INTERESTS IN TRACT 25E (Block 5, Town of Kersey Subdivision) SURFACE: Not set forth in prior Opinion dated June 24, 2015 prepared by Carleton Gotlin Law (See Comment 8) MINERAL & ROYALTY INTERESTS: (OIL, GAS & ASSOCIATED HYDROCARBONS ONLY) Tract Parcel Owner Mineral Royalty Interest Interest Lease Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, 19M-232, 19N -3I2, 19N-202, I9N-302 and I9N-432 Wells Weld County, CO June 8, 2017 Page 183 25E-4 Lots 12 through 14 Weld County, and the North 8 Colorado inches of Lot 15, Block 5 25E -5B The South 24.4 feet Weld County, of Lot 17 Colorado Req. 58 Req. 58 100.000000% 18.500000% 114 100.000000% 18.500000% 114 Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, 19M-232, I9N-312, 19N-202. I9N-302 and 19N-432 Wells Weld County, CO June 8.2017 Page 184 LEASEHOLD WORKING INTERESTS: Lease Lease Mineral Lease Owner Tract WI Interest NRI Incline Niobrara Partners, LP Req. 58 Lease 25E-4 100.000000% 100.000000% 81.500000% 114 25E -5B 100.000000% 100.000000% 81.500000% 114 Third Supplemental Drilling & Division Order Title Opinion Klein I9M-402, 19M-232, I9N-312, 19N-202, I9N-302 and 19N-432 Wells Weld County, CO June 8, 2017 Page 185 OWNERSHIP INTERESTS IN TRACT 25F (Block 6, Town of Kersey Subdivision) SURFACE: Not set forth in prior Opinion dated June 24, 2015 prepared by Carleton Gotlin Law (See Comment 8) MINERAL & ROYALTY INTERESTS: (OIL, GAS & ASSOCIATED HYDROCARBONS ONLY) Tract Parcel Owner 25F-3 Lots 7 through 25, 30 Weld County, through 35 and 38 Colorado through 48 Mineral Royalty Interest Interest Lease Reg - 100.000000% 18.500000% 114 58 Third Supplemental Drilling & Division Order Title Opinion Klein I9M-402, 19M-232, 19N-312, I9N-202, I9N-302 and I9N-432 Wells Weld County, CO June 8,2017 Page 186 LEASEHOLD WORKING INTERESTS: Lease Lease Mineral Lease Owner Tract WI Interest NRI Incline Niobrara Partners, LP Req. 58 Lease 25F-3 100.000000% 100.000000% 81.500000% 114 Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, 19M-232, 19N-312, 19N-202, 19N-302 and 19N 432 Wells Weld County, CO June 8,2017 Page 188 OWNERSHIP INTERESTS IN TRACT 25H (Block 8, Town of Kersey Subdivision) SURFACE: Not set forth in prior Opinion dated June 24, 2015 prepared by Carleton Gotlin Law (See Comment 8) MINERAL & ROYALTY INTERESTS: (OIL, GAS & ASSOCIATED HYDROCARBONS ONLY) Tract Parcel Owner Mineral Royalty Interest Interest Lease Third Supplemental Drilling & Division Order Title Opinion Klein I 9M-402, I 9M-232, 19N-312, I 9N-202, I 9N-302 and I9N-432 Wells Weld County, CO June 8, 2017 Page 189 251-1-10 Lots 24 and 25, Weld County, Block 8 Colorado Req. 58 100.000000% 18.500000% 114 Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, I9M-232, I9N-312, 19N-202, 19N-302 and 19N-432 Wells Weld County, CO June 8, 2017 Page 190 LEASEHOLD WORKING INTERESTS: Owner Incline Niobrara Partners, LP Req. 58 Tract Lease Lease Mineral Lease WI Interest NRI Lease 251-1-10 100.000000% 100.000000% 81.500000% 114 Summary of Lease 114 (Covering a 100% mineral interest in Tracts 21E, 25E-4, 25E -5B, 25F-3 and 25H--10) Dated: Recorded: Lessor: February 26, 2016 March 4, 2016 at Reception No. 4185741 Weld County, Colorado, a political subdivision of the State of Colorado, acting by and through the Board of County Commissioner of the County of Weld Lessee: Aztec Exploration, LLC Lands Covered: Township 5 North, Range 64 West, 6`h P.M. Section 20: A tract of land in the E/2E/2NE/4, Town of Kersey, as described in Book 553, Reception No. 148527, dated March 16, 1966 and more particularly described as follows: Beginning at a point 231 feet North of the center of the Main Line Tract of the Union Pacific Railroad, as it now exists; running thence North 125 feet on a line Thirty (30) feet West of the East line of the Northeast Quarter (NE/4) of Section Twenty (20), Township Five (5) North, Range Sixty-four (64) West of the 6th P.M., said line being the West boundary of the present County Road; thence due West 125 feet; thence due South 125 feet; thence due East 125 feet to the point of beginning. Excepting therefrom a tract of land as described in Treasure's Deed recorded in the office of the County Clerk and Recorder in Book 1166 at Page 105. Section 21: Lots 12, 13 and 14, Block 5, Town of Kersey Section 21: North 8 feet of Lot 15, Block 5, Town of Kersey Section 21: South 24.4 feet of Lot 17, Block 5, Town of Kersey Section 21: Lots 7 through 25, 30 through 35 and 38 through 48, Block 6, Town of Kersey Containing 3.2983 acres, more or less Weld County, Colorado Primary Term: Until the hour of twelve o'clock noon on February 26, 2019 Royalty: 18.5% Delay Rentals: None, Paid -up Shut-in Royalty Clause: Yes. If Lessee is unable to produce oil and/or gas due to a lack of a suitable market, Lessor may grant Lessee a suspension of obligations to produce until a suitable market can be found, provided that Lessee shall pay to Lessor a shut-in royalty equal to $2.50 per acre of the lease per annum in addition to the annual EXHIBIT "A" Third Supplemental Drilling and Division Order Title Opinion June 8, 2017 Klein 19M-402, I9M-232, 19N-312, I9N-202, 19N-302 and 19N-432 Wells Weld County, Colorado Page 345 rental. The minimum amount of such shut-in royalty payment shall be $240. The maximum extension of the lease due to the existence of a shut-in well, shall be 5 years beyond the extension term. The granting of any further extensions shall be at the sole option of Lessor. Lesser Interest Clause: Yes Pooling Clause: Yes, broad form pooling clause with no acreage limitation Entireties Clause: None Warranty Clause: None Pugh Clause: None Special Provisions: This Lease contains numerous additional special provisions, including, but not limited to: ASSIGNMENTS — Lessee, upon payment of a $100.00 fee and with the written consent of Lessor, shall have the right to assign this lease as to the entire leasehold interest of laid Lessee in all or part of the lands covered hereby. If any assignment of a portion of the land covered hereby shall be approved, a new lease shall be issued to the Assignee covering the assigned land, containing the same terms and conditions as this lease, and limited as to term as this lease is limited, and the Assignor shall be released and discharged from further obligations and liabilities as to that portion so assigned. OVERRIDING ROYALTY - Any and all reservations or assignments of overriding royalties shall be subject to approval of Lessor. The total of said overriding royalties shall not exceed 5 percent, including any overriding royalties previously provided for. In the event that production drops to an amount that would cause the well to be shut-in or to be plugged, then overriding royalties based on last in first out, or prorated, may be suspended to allow the well, if possible, to be economic. A reservation or assignment of an overriding royalty interest shall not relieve Lessee of any of its obligations for payment of royalties to Lessor as provided by ROYALTY paragraph herein. EXTENSION — If Lessee shall have failed to make discovery of oil and gas or either of them in paying quantities during the primary term hereof, or during drilling operations commenced during the primary term hereof, Lessee may make written application to Lessor to extend this lease.. . See the subject Lease for additional special provisions. EXHIBIT "A" Third Supplemental Drilling and Division Order Title Opinion June 8, 2017 Klein I9M-402, 19M-232, I9N-312, I9N-202, I9N-302 and 19N-432 Wells Weld County, Colorado Page 346 Affidavits of Lease Extension: None Assignments of Working Interests: I. Document: Assignment of Oil and Gas Lease Dated: March 4, 2016 Recorded: March 4, 2016 at Reception No. 4185794 Assignor: Aztec Exploration, LLC Assignee: Incline Niobrara Partners, LP Lands Covered: All of the Lease premises Interest Conveyed: All of the Assignor's interest in the above Lease Interest Reserved: None Depth Limit: None Special Provisions: None Assignments of Overriding Royalty Interests: None EXHIBIT "A" Third Supplemental Drilling and Division Order Title Opinion June 8, 2017 Klein I9M-402, 19M-232, I9N-312, 19N-202, I9N-302 and I9N-432 Wells Weld County, Colorado Page 347 Third Supplemental Drilling & Division Order Title Opinion Klein I9M-402, 19M-232, 19N-312, 19N-202, 19N-302 and 19N-432 Wells Weld County, CO June 8, 2017 Page 216 TITLE REQUIREMENTS All Title Requirements set forth in the Prior Title Opinions covering the Captioned Lands examined for purposes of preparing this Opinion were either advisory in nature, no longer applicable due to the passage of time, or have been fully satisfied, superseded, or restated herein below. Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, 19M-232, 19N-312, 19N-202, 19N-302 and 19N-432 Wells Weld County, CO June 8, 2017 Page 224 REQUIREMENT No. 16: (Inaccuracy in Legal Description of Tract 21E) The prior Drilling and Division Order Title Opinion dated July 24, 2014, revised March 17, 2015, prepared by Jeffrey Stengel on behalf of Carleton Gotlin Law P.C., contained the following Comment/Requirement No. 26 regarding an inaccuracy in the legal description of Tract 21E herein: "By Warranty Deed, dated March 12, 1906, recorded at Reception No. 109470 on March 29, 1906, James L. Ewing conveyed all of his right, title and interest in a parcel of land located in the SE/4NE/4 of Section 20, T5N, R64W, 6th P.M. to The F.H. Gilcrest Lumber Company. This parcel is more particularly described as follows: Beginning at a point two hundred thirty one feet North of the center of the main line track of the Union Pacific Railroad as it now exists; running thence North one hundred twenty five feet on a line thirty feet West of the East line of the North East quarter of Section twenty, T5N, R64W, 6th P.M., said line being the western boundary of the present county road; thence due West one hundred twenty five feet; thence due South one hundred twenty five feet; thence due East one hundred twenty five feet to the point of beginning. In an attempt to determine the location of this tract, for reference purposes, the examiner utilized the Map of Ewing's Addition to the Town of Kersey, recorded at Reception No. 130134 on June 13, 1908. It appears that the intent of this conveyance was to convey a parcel of land lying immediately South of Lot 26, Block I, Ewing's Addition to the Town of Kersey [Tract 21F]. However, the examiner notes that a gap of approximately 1.1 feet exists between the South line of Lot 26, Block 1 and the North line of the above described legal description. Additionally, all the subsequent conveyances involving this parcel of land include a similar error. For purposes of this Opinion, subject to the Requirement below, the examiner has credited this 1.1 foot gap to [Tract 21E] of this Opinion. It is also important to note that the mineral estates of {Tracts 21E and 21F] are both unleased." Mr. Stengel then advised that "during the process of obtaining Oil and Gas Leases from the mineral owners of [Tracts 21E and 21 F], you should be aware of the gap between the two tracts and account for this discrepancy. In addition, for maximum title protection, you may wish to obtain a boundary line agreement between the two property owners to clarify and define the true boundary" between Tracts 21E and 21F. Nothing in the materials examined indicates that this requirement has been satisfied. Subject to the requirement below, Weld County Third Supplemental Drilling & Division Order Title Opinion Klein 19M-402, 19M-232, 19N-312, 19N-202, 19N-302 and 19N-432 Wells Weld County, CO June 8, 2017 Page 225 Colorado is credited on the ownership schedules attached hereto with ownership of 100% of the surface and minerals in Tract 21E and Craig D. Smith and Danielle M. Smith, as joint tenants are credited in the ownership schedules attached hereto with ownership of 100% of the surface and mineral interest in Tract 21F. Additionally, Tract 21F is currently covered by Oil and Gas Lease 19. Tract 21E remains unleased. Requirement: As directed by Mr. Stengel, for clarity of title, Weld County and Craig D. Smith and Danielle M. Smith should execute and record a boundary line agreement between the two property owners, which agreement clearly indicates that the 1.1 foot gap, as described above, should be attributed to Tract 21E. co a m N 47 N H N N co N N 47 J C0GIS - WELL Information Page 1 of 2 COGIS - WELL Information Scout Card D-'3 Related Cl Insp. Q MIT i GIS a Doc a COA Wellbore Surface Location Data for API # 05-123-40249 Well Name/No: Operator: Status Date: FacilitylD: County: Field: Planned Location 689 FNL 2372 FEL Klein #19N-202ST Status: PR (click well name for production) PDC ENERGY INC - 69175 4/4/2017 438988 WELD #123 WATTENBERG - As Drilled Location Footages Not Available Frac Focus Federal or State Lease #: LocationlD: Location: #90750 Elevation: Lat/Long: 40.38999/-104.59187 Lat/Long: 40.38999/-104.59187 Job Date: 2/15/2017 Reported: 4/12/2017 Job End Date: 2/26/2017 Chemical Disclosure Registry Wellbore Data for Sidetrack #00 Spud Date: Wellbore Permit Permit #: Prop Depth/Form: Mineral Owner: Unit: Formation and Spacing: Casing: Cement: Casing: Cement: Wellbore Completed Completion Date: Measured TD: True Vertical TD: Top PZ Location: Sec: 21 Bottom Hole Location: Sec: 21 Log Types: Casing: Cement: Casing: Cement: Additional Cement: /11 Orders 4/4/2017 438989 NWNE 19 5N64W 6 PM 4,628 ft. Lat/Long Source: Field Measured Lat/Long Source: Field Measured Days to report: 45 Status: DG 10/4/2016 10/5/2016 Spud Date is: ACTUAL HORIZONTAL Expiration Date: 17269 Surface Mineral Owner Same: FEE Surface Owner: FEE Unit Number: Code: NBRR , Formation: NIOBRARA , Order: , Unit Acreage: 720, Drill Unit: GWA String Type: SURF , Hole Size: 12.5, Size: 9.625, Top: 0, Depth: 1425, Weight: 36 Sacks: 920, Top: 0, Bottom: 1425, Method Grade: String Type: 1ST , Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 17269, Weight: 20 Sacks: 2035, Top: 0, Bottom: 17269, Method Grade: 5/3/2018 9:30:34 PM 10/6/2016 17302 Measured PB depth: 17302 6653 True Vertical PB depth: 6653 Twp: 5N 64W Footage: 1203 FNL 2306 FEL Depth Twp: 5N 64W Footages: 1203 FNL 2306 FEL Depth MWD (DIL in 123-20129) String Type: SURF , Hole Size: 12.25, Size: 9.625, Top: 0, Depth: 1474, Weight: 36 Sacks: 680, Top: 0, Bottom: 1474, Method Grade: VISU String Type: 1ST , Hole Size: 8.5, Size: , Top: 1474, Depth: 17302, Weight: Sacks: , Top: , Bottom: , Method Grade: String Type: 1ST , Top: 4447, Depth: 5263, Bottom: 5263, Sacks: 200, Method Grade: 1 INCH Formation Log Top PARKMAN 3628 SUSSEX 4262 SHANNON 4992 SHARON SPRINGS 6535 NIOBRARA 6712 No additional interval records were found for sidetrack 00. Wellbore Data for Sidetrack #01 Spud Date: Wellbore Permit Permit #: Prop Depth/Form: Mineral Owner: Unit: Formation and Spacing: Casing: Cement: Casing: Cement: Wellbore Completed Completion Date: Measured TD: True Vertical TD: Top PZ Location: Log Bottom Cored Status: PR 10/5/2016 Spud Date is: HORIZONTAL Expiration Date: 17269 Surface Mineral Owner Same: FEE Surface Owner: FEE Unit Number: Code: NBRR , Formation: NIOBRARA , Order: , Unit Acreage: 720, Drill Unit: GWA String Type: SURF , Hole Size: 12.25, Size: 9.625, Top: 0, Depth: 1451, Weight: 36 Sacks: 680, Top: 0, Bottom: 1451, Method Grade: String Type: 1ST , Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 17269, Weight: 20 Sacks: 2035, Top: 0, Bottom: 17269, Method Grade: 11/7/2016 17317 6654 Sec: 19 Twp: 5N 64W Measured PB depth: True Vertical PB depth: Footage: 1133 FNL 2050 FEL 4/4/2017 ACTUAL 10/20/2018 7:19:58 PM 13811 6693 Depth DSTs htt., Ilni-sR,.,. otatn nn nc inner; c/Far.ilitvTlatail aen7farir1=1TIZI.Md9Rytvne=WP.T.T• 9/2R/7017 COGIS - WELL Information Page 2 of 2 Bottom Hole Location: Sec: 21 Twp: 5N 64W Footages: 1167 FNL 2307 FEL Depth Log Types: CBL, MWD (DIL in 123-20129) Casing: String Type: SURF , Hole Size: 12.25, Size: 9.625, Top: 0, Depth: 1474, Weight: 36 Cement: Sacks: 680, Top: 0, Bottom: 1474, Method Grade: VISU Casing: String Type: 1ST , Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 13836, Weight: 20 Cement: Sacks: 1998, Top: 0, Bottom: 13836, Method Grade: VISU Formation PARKMAN SUSSEX SHANNON SHARON SPRINGS NIOBRARA Log Top 3628 4262 4992 6535 6712 Completed information for formation N-COM 1st Production Date: Status Date: Commingled: Formation Name: Tubing Size: Tubing Packer Depth: Open Hole Top: No Initial Test Data was found for formation N-COM . No Perforation Data was found for formation N-COM . Completed information for formation NBRR 1st Production Date: 3/22/2017 Status Date: 4/4/2017 Commingled: N Formation Name: NIOBRARA Formation Treatment Treatment Type: FRACTURE STIMULATION Treatment Date: 2/15/2017 Treatment End Date: 2/26/2017 Treatment summary: 49 Stage Plug and Perf, Perfd from 7020-13650, 1 Toe Sleeve from 13765-13769 Total Fluid: 154,786 bbls Gel Fluid: 100,704 bbls Slickwater Fluid: 52,664 15% HCI Acid: 1,418 bbls Total Proppant: 8,646,632 lbs Silica Proppant: 8,646,632 lbs Method for determining flowback: measuring flowback tank volumes Total fluid used in treatment (bbls): 154786 Total gas used in treatment (mcf): Type of gas: Total acid used in treatment (bbls): 1418 Recycled water used in treatment (bbls): Produced water used in treatment (bbls): 153368 Total proppant used (Ibs): 8646632 Reason green techniques not utilized: Tubing Size: 2.375 Tubing Packer Depth: Open Hole Top: Initial Test Data: Test Date: 4/4/2017 Hours Tested: 24 Gas Disposal: SOLD Test Type Measure BBLS_H20 389 BBLS_OIL 364 BTU_GAS 1351 CALC_BBLS_H2O 389 CALC_BBLS_OIL 364 CALC_GOR 4574 CALC_MCF_GAS 1665 CASING_PRESS 2782 GRAVITY_OIL 50 MCF_GAS 1665 TUBING PRESS 1942 Perforation Data: Interval Bottom: 13769 # of Holes: 1716 Log Bottom Cored 10/1/2016 Choke Size: 10/1/2016 Open Hole Completion: Production Method: NOT COMPLETED Status: Tubing Setting Depth: Tubing Multiple Packer: Open Hole Bottom: Status: CM 10/1/2016 CM Status: PR 4/4/2017 Choke Size: Open Hole Completion: N Production Method: Status: PR Max pressure during treatment (psi): Fluid density (lbs/gal): Number of staged intervals: Min frac gradient (psi/ft): Total flowback volume recovered (bbls): 10548 Disposition method for flowback: DISPOSAL Green completions techniques utilized: True 4119 8.34 49 0.91 Tubing Setting Depth: Tubing Multiple Packer: Open Hole Bottom: Test Method: Gas Type: Interval Top: Hole Size: 6876 Flowing WET 7020 0.42 DSTs httr,•//nnrrrr' etata rn ne/rnaie/Farilitvnetaii acn7fariri=17141)749Rrtvne.=WFT.T, 9/213/2017 COGIS - WELL Information Page 1 of 1 COGIS - WELL Information Scout Card [ -D4 Related a Insp. Q MIT O GIS a Doc a COA 1r Wellbore Orders Surface Location Data for API # 05-123-40145 Well Name/No: Operator: Status Date: FacilitylD: County: Field: Planned Location As Drilled Location Status: KLEIN #19N-302 (click well name for production) PDC ENERGY INC - 69175 7/13/2016 438832 WELD #123 Federal or State Lease #: Location ID: Location: WATTENBERG - #90750 Elevation: 2359 FNL 2251 FEL Lat/Long: 40.38541/-104.59138 Footages Not Available Lat/Long: 40.38541/-104.59138 Job Date: 2/10/2017 Reported: 3/29/2017 Frac Focus Job End Date: 2/13/2017 Chemical Disclosure Registry Job Date: 3/5/2017 Job End Date: 3/20/2017 Wellbore Data for Sidetrack #00 Spud Date: Wellbore Permit Permit #: Prop Depth/Form: Mineral Owner: Unit: Formation and Spacing: Casing: Cement: Casing: Cement: Wellbore Completed Completion Date: Measured TD: True Vertical TD: Top PZ Location: Bottom Hole Location Log Types: Casing: Cement: Casing: Cement: Formation PARKMAN SUSSEX SHARON SPRINGS NIOBRARA Reported: 3/29/2017 DG 7/13/2016 438834 SWNE 19 5N64W 6 PM 4,626 ft. Lat/Long Source: Field Measured Lat/Long Source: Field Measured Days to report: 44 Days to report: 9 Status: DG 7/13/2016 7/16/2016 Spud Date is: ACTUAL HORIZONTAL Expiration Date: 13927 Surface Mineral Owner Same: FEE Surface Owner: FEE Unit Number: Code: NBRR , Formation: NIOBRARA , Order: , Unit Acreage: 720, Drill Unit: GWA String Type: SURF , Hole Size: 12.5, Size: 9.625, Top: 0, Depth: 1425, Weight: 36 Sacks: 920, Top: 0, Bottom: 1425, Method Grade: String Type: 1ST , Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 17354, Weight: 20 Sacks: 2035, Top: 0, Bottom: 17354, Method Grade: 7/29/2016 17474 6693 Sec: 19 Twp: 5N 64W Sec: 21 Twp: 5N 64W Measured PB depth: True Vertical PB depth: Footage: 1435 FNL 2204 FEL Footages: 1535 FNL 2354 FEL 17458 6693 Depth Depth CBL, MWD (DIL in 123-20132 and 123-23345) String Type: SURF , Hole Size: 12.25, Size: 9.625, Top: 0, Depth: 1963, Weight: 36 Sacks: 910, Top: 0, Bottom: 1963, Method Grade: VISU String Type: 1ST , Hole Size: 8.5, Size: 5.5, Top: 0, Depth: 17473, Weight: 20 Sacks: 2695, Top: 0, Bottom: 17473, Method Grade: VISU Log Top 3606 4301 6523 6688 Completed information for formation 7/1/2016 7/1/2016 N-COM 1st Production Date: Choke Size: Status Date: Open Hole Completion: Commingled: Production Method: Formation Name: NOT COMPLETED Status: Tubing Size: Tubing Setting Depth: Tubing Packer Depth: Tubing Multiple Packer: Open Hole Top: Open Hole Bottom: No Initial Test Data was found for formation N-COM . No Perforation Data was found for formation N-COM . Log Bottom Cored Status: CM CM 9/11/2016 5:11:25 PM DSTs 7/1/2016 httrv//rnrrrr ctate rn ne/rnaic/Fari1itvT)etail acn7fanir1=12 Y4n145Rrtvne=WET,T, 9/28/2017 BY: 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): Klein 19N-202ST, Klein 19N-302 File Location(s): LE0386, LE0387, LE0388, LE0391 7 7 Bruce Barker - County Attorney DATE: /(--)/('1 NOTES: 19.7274 / 728.7896 * 18.5% = .00500770 MATCH .3705 / 728.7896 * 18.5% _ .00009405 MATCH Klein 19O-212 Klein 19O-302 Klein 19N-202 Klein 19M-232 Klein 19O-402 Klein 19N-432 Klein 19N-312 Klein 19N-302 Klein 19M-402 721.2627 Acres 527.8447 Acres 364.1949 Acres 728.7896 Acres X X X n 00 a X X X X X X X X X X X X X x X X X X X X X X x X X X X X X X X X X X X X X X X X x X X X X X x X X X X X X X t0 Lb Lb O Lb to 1p LID LID Lb LID LID Lb <D LIDC V V m M m M M M m M rn m m m m m m n n n N N N N N N N N N N N N N N N 00 LI) u) n n n n n n n n n n n n N N N 00 CO CO v a a a v v a v v c v v v a "Cr o v a Lb 0 n n 0 ✓ m al m m N N 00 CO 0 M ID 0 lD V O) O .-i - . N V) N In m N 00 n n Ill n .D . 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Y • Y ≥ m O W v OZ NNT .y0- N I V C „id' y M 0 O) < C a= ti O Q F- Q F Q O u u °' , e~ Y �/ O) H W O . i V 00 C O G +L+ O C L y O L c O C C y al C C m m a 7 .0 y) u u4.‘' y 3 .-i < N < O H O O M O 00 u F- 00 f0 `'� N N N •� sT L4>. ) 00 p y al O V '� H ^ in m 01 O) �' Oi ++ p 0 0) p y N Oj Q .n vi vi '_' N m .�-, N aTi O O rV0 w 7 O X O= N= N 'O m H V C= C— U C N ` m c m 2,4 a O u L,, W 00 S l0 = N O m .a+ 00 Q a•+ C O +L+ V N 0 N S 0=.4:2, 0 2 Q R C rj C JO OJ aL+ 00 C O d o IV, H C .. 0'0 Oi -D N a n' N in 0 V) .-1 Y n 01 'O rr 'O N O N 4- N Y n 'y r0 C O 'O 4 0) C C G C _ L C l!) 4- _ C C 'D C C H O h W L N G L a O C C N Y y •C y r0 T 2 T 0• 0 c, Q 0— p 00 O O .-i O G— r0 N N N p .≥ p N≥ L O p a0 ≥ H V O. f0 L C OJ J Y N J Y C J �= J N J= J JO •� J U C J= Y Q Y Q ` N J J L 'O.0 V- C J V 0) O CO l0 « (0 O ▪ y N o) LID . i N N N OJ N V N— .-i C H L "O ., o rl C c C N .ti J ."i C J .'i O .� L 7 O N O. ro 3i Z .-i .0 N N C.) Y ry l..) X N Q N= N r0 N a+ Q N m ♦— N co V N U N O 2 N N N N N — N i. V) O) N .i Y O r Di, O) O9 `".i .-1 in m ▪ co lr1 O) .-i m O U- l7 I 2 2 1 2== W W LL L v V V V C V v V V V V N ▪ U l''.W-I a • N N N N NNN N N N N N N I- N N N N N X X co m v v O C O O 00- 0 m N O C N N O N • O J . V .O N 7 N V1 O C, N INSTRUCTIONS TO ALL INTEREST OWNERS Dear Interest Owner, PDC Energy, Inc. has enclosed a Division Order for your execution. The attached document should not be altered in any way except to correct spelling errors, unless accompanied by documentary evidence to support the change. If your name and interest are correctly shown: 1. Sign your name as shown on the Division Order. This does not need to be notarized. 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 fixed and title of signatory party reflected. 4. If signed by agent, attorney -in -fact, guardian or any party other than the named interest owner, a certified copy of the power of attorney or other evidence of such party's right to sign must be furnished. 5. Your correct mailing address should be noted in the space provided to insure prompt receipt of production proceeds. If your address has changed or is incorrect, please cross out the old address and write your current address next to it. 6. The first copy or the "Original" of the Division Order should be returned to: PDC Energy, Inc. 1775 Sherman Street, Suite 3000 Denver, Colorado 80203 Attn: Morgan McCabe 7. Should you have any further questions regarding the enclosed Division Order, please contact PDC Energy, Inc. at (303) 860-5836 or (888) 860-5836. 8. Please DO NOT DETACH the exhibit from the Division Order or Transfer Order if one is included. 9. Your decimal interest is calculated as follows: Royalty Interest (Tract Acres * Mineral Interest / Spacing Acres * Royalty Interest) Overriding Royalty Interest (Tract Acres * Mineral Interest * Working Interest Burdened / Spacing Acres * ORRI) Hello