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Home My WebLink About20161005.tiff II RECEIVED Encana Oil &Gas(USA)Inc. 370 17th Street, Suite 1700 Denver, CO 80202 FEB 2 9 2013 Owner: 2101560 Weld County C/O Board of County Comm WELD COUNTY QRA Check Number: 1760736 Owner Relations Check Date: 02/20/2016 COMMISSIONERS Phone: 1 (866)917-3700 Check Amount: $4,645.83 RfiCFI1O/J �j(j/ao3 E-mail: encanasupport@pdsei.com 0 j�tv Legend Product Codes(PC) Interest Types(Int Type) Tax Type Codes Deduct Codes(Ded Cd) 100-Oil(bbl) NM-Non-Prtp Mineral Int PP-Production Payment AV-Ad Valorem 01-Compression 15-High Pressure Gath 25-Production Tax Interest 200-Gas(mot) NP-Net Profit Int RI-Royalty Interest AV1-Ad Valorem True-up 02-Dehydration 16-Low Pressure Gath 26-Lease Use 300-Condensate(bbl) NR-Non-Prtp Royalty Int RM-Royalty-Miller CN-Conservation Tax 03-Processing 19-Marketing 27-Processing Fuel 400-Plant Products(bbl) OM-Overriding Royalty-Miller RO-Royalty Opt-Out FE-Environmental Tax(Gas) 04-Treating 20-Shrink 29-Cond/Oil Transportation 600-Helium OO-Overriding Royalty-Opt Out RS-Royalty-Settlement MT-Oil and Gas Maintenance Charge 05-Transportation Fuel 21-Transportation(EMUS) 30-High Pressure Gath DRP-Drip Condensate OR-Overriding Royalty SR-State Royalty PR-Production Tax 10-Other 22-Transportation (Jonah) (bbl) OS-Overriding Royalty-Settlement UL-Unleased LA Mineral Int ES/SCH-School Tax t t-Gathering (Non-EMUS) OR-Oil Restoration/ OU-Overriding Royalty-Unit Alloc UM-Unleased Mineral Int ST-Shoshone Indians Tribal Sev Tax 13-Compressor Fuel 23- OV-Reversionary Override UR- P Plant The Creek ductine Processors Tax Unleased Royalty Int SV-Severance Tax 14-Compressor Fuel-Other 24-Plant Thermal Reduction WI-Working Interest Well Property Name PC Entitlement SOD MCF Avg 0./h MMBTU Well Gross Well Gross Well Sev Tax Well Ded Well Net Value Number Decimal Price Price Vol(mcf) Value$ Tax$ Type Cd Deducts$ Cd $ Sales County Int State MMBTU BTU Factor Owner Vol Owner Gross Owner Sev Owner Owner Net Value Date Type Avg Price (mcf) Value$ Tax$ Deducts$ $ — 15435 GURTLER 12-30(C) 200 0.0072634900 3.13 81.48 68.41 214.17 22.53 03 191.64 01/01/2012 Weld RM CO 2.63 1.191 2.77 8.68 0.91 7.77 15435 GURTLER 12-30(C) 200 0.0072634900 3.13 -81.48 -68.41 -214.17 -22.53 03 -191.64 01/01/2012 Weld RM CO 2.63 1.191 -2.78 -8.70 -0/2 -7.78 15435 GURTLER 12-30(C) 200 0.0072634900 2.67 76.08 63.88 170.27 20.89 03 149.38 02/01/2012 Weld RM CO 2.24 1.191 2.59 6.90 0.85 6.05 15435 GURTLER 12-30(C) 200 0.0072634900 2.67 -76.08 -63.86 -170.27 -20.89 03 -149.38 02/01/2012 Weld RM CO 2.24 1.191 -2.60 -6.92 -0.85 -6.07 ill 15435 GURTLER 12-30(C) 200 0.0072634900 2.51 81.02 76.00 190.99 26.18 03 164.81 03/01/2012 Weld RM CO 2.36 1.066 3.08 7.74 1.06 6.68 15435 GURTLER 12-30(C) 200 0.0072634900 2.51 -81.02 -76.00 -190/9 -26.18 03 -164.81 03/01/2012 Weld RM CO 2.36 1.066 -3.09 -7.76 -1.06 -6.70 15435 GURTLER 12-30(C) 200 0.0072634900 2.00 74.1C 67.00 133.67 22.59 03 111.08 04/01/2012 Weld RM CO 1.80 1.106 2.71 5.42 0.92 4.50 15435 GURTLER 12-30(C) 200 0.0072634900 2.00 -74.12 -67.00 -133.67 -22.59 03 -111.08 04/01/2012 Weld RM CO 1.60 1.10E -2.72 -5.43 -0.92 -4.51 15435 GURTLER 12-30(C) 200 0.0072634900 2.73 58.51 53.00 144.66 17.71 03 126.95 07/01/2012 Weld RM CO 2.47 1.104 2.15 5.86 0.72 5.14 15-435 GURTLER 12-30(C) 200 0.0072634900 2.73 -58.51 -53.00 -144.66 -17.71 03 -126.95 07/01/2012 Weld RM CO 2.47 1.104 -2.15 -5.88 -0.72 -5.16 15435 GURTLER 12-30(C) 200 0.0072634900 3.09 39.71 36.00 111.32 12.04 03 99.28 08/01/2012 Weld RM CO 2.80 1.103 1.46 4.51 049 4.02 15435 GURTLER 12-30(C) 200 0.0072634900 3.09 -39.71 -36.00 -111.32 -12.04 03 -9928 08/01/2012 Weld RM CO 2.80 1.103 -1.46 -4.52 -0.49 -4.03 15435 GURTLER 12-30(C) 200 0.0072634900 2.70 50.65 46.00 124.17 15.86 03 108.31 09/01/2012 Weld RM CO 2.45 1.101 1.86 5.03 0.64 439 15435 GURTLER 12-30(C) 200 0.0072634900 2.70 -50.60 -46.00 -124.17 -15.86 03 -108.31 09/01/2012 Weld RM CO 2.45 1.101 -1.87 -5.04 -0.64 -4.40 15435 GURTLER 12-30(C) 200 0.0072634900 3.68 48.53 44.00 161.89 14.65 03 147.24 11/01/2012 Weld RM CO 3.34 1.103 1.78 6.56 0.59 5.97 15435 GURTLER 12-30(C) 200 0.0072634900 3.68 -48.53 -44.00 -161.89 -14.65 03 -147.24 11/01/2012 Weld RM CO 3.34 1.103 -1.79 -6.60 -0.60 -6.00 15435 GURTLER 12-30(C) 200 0.0072634900 2.32 42.41 38.17 88.46 13.97 03 74.49 12/01/2015 Weld RM CO 2.09 1.111 1.55 3.59 0.57 3.02 I 15435 GURTLER 12-30(C) 300 0.0072634900 28.90 0.0C 99.40 2,872.99 2,872.99 12/01/2015 Weld RM CO 0.00 0.000 0.72 20.87 20.87 15435 GURTLER 12-30(C) 400 0.0072634900 42.33 0.00 5.52 233.65 233.65 01/01/2012 Weld RM CO 0.00 0.000 0.22 9.47 9.47 15435 GURTLER 12-30(C) 400 0.0072634900 42.33 0.00 -5.52 -233.65 -233.65 01/01/2012 Weld RM CO 0.00 0.000 -0.22 -949 -9.49 15435 GURTLER 12-30(C) 400 0.0072634900 • 46.30 0.00 4.36 201.85 201.85 02/01/2012 Weld RM CO 0.00 0.000 0.18 8.18 8.18 15435 GURTLER 12-30(C) 400 0.0072634900 46.30 0.00 -4.36 -201.85 -201.85 02/01/2012 Weld RM CO 0.00 0.000 -0.18 -8.20 -8.20 2016-1005 Page 1 gook Owner: 2101560 Weld County CIO Board of-County Comm QRA Check Number: 1760736 Owner Relations Check Date: 02/20/2016 Phone: 1 (866)917-3700 Check Amount: $4,645.83 E-mail: encanasupport@pdsei.com Well Property Name . PC Entitlement SOD MCF Avg Wh MMBTU Well Gross Well Gross Well Sev Tax Well Ded Well Net Value Number Decimal Price Price Vol(mct) Value$ Tax$ Type Cd Deducts$ Cd $ Sales County Int State MMBTU BTU Factor Owner Vol Owner Gross Owner Sev Owner Owner Net Value C Date Type Avg Price (mct) Value$ Tax$ Deducts$ $ 15435 GURTLER 12-30(C) 400 0.0072634900 43.42 0.00 6.57 285.27 285.27 03/01/2012 Weld RM CO 0.00 0.000 0.27 11.56 11.56 15435 GURTLER 12-30(C) 400 0.0072634900 ---- 43.42 0.00 -6.57 -285.27 -285.27 03/01/2012 Weld RM CO 0.00 0.000 -0.27 -11.59 -11.59 -- 400 0.0072634 - 45.92 0.00 - 15435 GURTLER 12-30(C) 900 4.19 192.40 192.40 04/01/2012 Weld RM CO 0.00 0.000 0.17 7.80 7.80 ---- 15435 GURTLER 12-30(C) 400 0.0072634900 45.92 0.00 -4.19 -182.40 -192.40 04/01/2012 Weld RM CO 0.00 0.000 -0.17 -7.82 -7.82 15435 GURTLER 12-30(C) 400 0.0072634900 37.66 0.00 4.31 162.31 162.31 05/01/2012 Weld RM CO 0.00 0.000 0.17 6.58 6.58 15435 GURTLER 12.30(C) 400 0.0072634900 37.66 0.00 -4.31 -162.31 -162,31 05/01/2012 Weld RM CO 0.00 0.000 -0.17 -6.59 -6.59 15435 GURTLER 12-30(C) 400 0.0072634900 33.61 0.0C 3.24 108.89 108.89 07/01/2012 Weld RM CO 0.00 0.000 0.13 4.41 - 4.41 15435 GURTLER 12-30(C) 400 0.0072634900 33.61 0.00 -3.24 -108.89 -108.89 07/01/2012 Weld RM CO 0.00 -- - -0.000 . -0.-13 -4.42 -4.42 15435 GURTLER 12-30(C) 400 0.0072634900 40.30 O.00 2.24 . -- 90.28 90.28 08/01/2012 Weld RM CO 0.00 0.000 0.09 3.66 3.66 15435 GURTLER 12-30(C) 400 0.0072634900 --- 40.30 0.00 -2.24 -90.28 - -90.28 08/01/2012 Weld RM CO 0.00 0.000 -0.09 -3.67 -3.67 15435 GURTLER 12-30(C) 400 0.0072634900 41.05 0.00 2.93 120.28 120.28 09/01/2012 Weld RM CO 0.00 0.000 0.12 4.88 4.88 15435 GURTLER 12-30(C) 400 0.0072634900 41.05- - 0.00 - -2.93 -120.28 - - • 1 -120.28 09/01/2012 Weld RM CO 0.00- - 0.000 -0.12 -4.89 .- .. -4.89 15435 GURTLER 12-30(C) 400 0.0072634900 42.79 0.00 2.83 121.09 121.09 11/01/2012 Weld RM CO 0.00 0.000 0.11 4.91 4.91 15435 GURTLER 12-30(C) 400 0.0072634900 42.79 0.00 -2.83 -121.09 -121.09 11/01/2012 Weld RM CO 0.00 0.000 -0.11 -4.93 -4.93 15435 GURTLER 12-30(C) 400 0.0072634900 15.27 0.00 3.21 49.01 49.01 12/01/2015 Weld RM CO 0.00_- --... 0.000 0.13 1.99 - 1.99 - - 15435-GURTLER-12-30(C)Subtotal: 26.15 0.00 0.55 25.60 40811 ELMQUIST 21-23(J) 200 0.0003859375 2.32 26.83 24.15 55.96 8.73 03 47.23 12/01/2015 Weld RM CO 2.09 1.111 0.04 0.12 002 0.10 40811 ELMQUIST 21-23(J) 300 0.0003859375 28.90 0.00 2.65 76.59 • 76.59 12/01/2015 Weld RM CO 0.00 0.000 0.00 0.02 0.02 40811 ELMQUIST 21-23(J) 400 0.0003859375 14.77 0.00 2.04 30.14 30.14 12/01/2015 Weld RM CO 0.00 0.000 - 0.00 0.06 - - .0.06 40811 ELMQUIST 21=23(J)SubtotaC 0.20 0.00 - -0.02 -0.18 - 43018 STARKS 23.30(J) 200 0.0072634900 3.13 68.36 57.49 180.01 18.98 03 161.03 • 01/01/2012 Weld RM CO 2.63 1.189 1.92 6.01 0.63 5.38 43018 STARKS 23.30(J) 200 0.0072634900 3.13 -68.38 -57.49 -180.01 -18.98 03 -161.03 01/01/2012 Weld RM CO 2.63 1.189 -1.93 -6.04 -0.64 -5.40 ' 43018 STARKS 23.30(J) 200 0.0072634900 2.67 61.30 51.56 137.43 16.95 03 120.48 02/01/2012 Weld RM CO 2.24 - 1.189 1.72 4.59 - - _—? 0.57. 4.02 - 43018 STARKS 23-30(J) 200 0.0072634900 2.67 -61.30_.-- 51:56 --- --137.43 - -._- -16.95-'03 -120.48 02/01/2012 Weld RM CO 2.24 1.180 -1.73 -4.61 -0.57 -4.04 43018 STARKS 23.30(J) 200 0.0072634900 - 2.53 54.37 51.00 128.90 17.76 03 111.14 03/01/2012 Weld RM CO 2.37 1.066 1.70 4.30 0.59 3.71 43018 STARKS 2330(J) 200 0.0072634900 2.53 -54.37 -51.00 -128.90 -17.76 03 -111.14 03/01/2012 Weld RM CO 2.37 1.066 -1.71 -4.32 -0.60 -3.72 43018 STARKS 23.30(J) 200 0.0072634900 - - 1.96 22.12 - 20.00 - 39.25 - - .... .<- - -6.66 -03 - --32.59 04/01/2012 Weld RM CO 1.77 . _ 1,106 _. _0.67 _ 1.31 _ _ 0.22 . 1.09- - 43018 STARKS 23-30(J) 200 0.0072634900 1.96 -22.12 -20.00 -39.25 -6.66 03 -32.59 04/01/2012 Weld RM CO 1.77 1.10E -0.67 -1.32 -0.22 -1.10 43018 STARKS23-30(J) 200 0.0072634900 1.96 54.19 49.00 96.04 16.41 03 79.63 05/01/2012 Weld RM CO 1.77 1.106 1.64 3.21 0.55 2.66 --- 200 0.0072634900 - 1.96 -54.16 -49.00 -96.04 43018 STARKS 23-30(J) -16.41 03 -79.63 05/0112012 Weld RM CO 1.77 1.106 -1.64 _ -3.22 -0.55 - -2.67 Page 2 --ti Owner: 2101560 Weld County CIO Board of County Comm QRA Check Number: 1760736 Owner Relations Check Date: 02/20/2016 Phone: 1 (866)917-3700 Check Amount: $4,645.83 E-mail: encanasupport@pdsei.com Well Property Name PC Entitlement SOD MCF Avg Vat MMBTU Well Gross Well Gross Well Sev Tax Well Ded Well Net Value Number Decimal Price Price Vol(mct) Value$ Tax$ Type Cd Deducts$ Cd $ Sales County Int State MMBTU BTU Factor Owner Vol Owner Gross Owner Sev Owner Owner Net Value Date Type Avg Price (mct) Value$ Tax$ Deducts$ $ 43018 STARKS 23-30(J) 200 0.0072634900 2.69 44.16 40.00 107.45 13.25 03 94,20 07/01/2012 Weld RM CO 2.43 1.104 1.34 3.59 0.44 3.15 - 43018 STARKS 23-30(J) 200 0.0072634900 2.69 -44.16 -40.00 -107.45 -13.25 03 -94.20 07/01/2012 Weld RM CO 2.43 1.104 -1.34 -3.60 -0.44 -3.16 4 018 STARKS 23-30(J) 200 0.0072634900 3.06 36.40 33.00 100.89 10.93 03 89.96 08/01/2012 Weld RM CO 2.77 1.103 1.10 3.37 0.37 3.00 43018 STARKS 23-30(J) 200 0.0072634900 3.06 -36.40 -33.00 -100.89 -10.93 03 -89.96 08/01/2012 Weld RM CO 2.77 1.103 -1.11 -3.38 -0.37 -3.01 43018 STARKS 23-30(J) 200 0.0072634900 2.69 49.55 45.00 121.06 15.05 03 106.01 09/01/2012 Weld RM CO 2.44 1.101 1.50 4.04 0.50 3.54 43018 STARKS 23-30(J) 200 0.0072634900 2.69 -49.50 -45.00 -121.06 -15.05 03 -106.01 09/01/2012 Weld RM CO 2.44 1.101 -1.51 -4.06 -0.50 -3.56 43018 STARKS 23-30(J) 200 0.0072634900 3.71 61.77 56.00 207.82 18.67 03 189.15 11/01/2012 Weld RM CO 3.36 1.102 1.87 6.94 0.62 6.32 43018 STARKS 23-30(J) 200 0.0072634900 3.71 -61.77 -56.00 -207.82 -18.67 03 -189.15 11/01/2012 Weld RM CO 3.36 1.103 -1.88 -6.97 -0.63 -6,34 43018 STARKS 23-30(J) 200 0.0072634900 2.32 70.54 63.49 147.16 23.16 03 124.00 12/01/2015 Weld RM CO 2.09 1.111 2.12 4.91 0.77 4.14 43018 STARKS 2330(J) 300 0.0072634900 28.93 0.0C 0.14 4.05 4.05 12/01/2015 Weld RM CO 0.00 0.000 0.00 0.03 0.03 43018 STARKS 23-30(J) 400 0.0072634900 42.98 0.0C 4.64 199.45 199.45 01/01/2012 Weld RM CO 0.00 0.000 0.16 6.66 6.66 43018 STARKS 23-30(J) 400 0.0072634900 42.98 0.00 -4.64 _199.45 - -199.45 01/01/2012 Weld RM CO 0.00 0.000 -0.16 -6.69 -6.69 43018 STARKS 23-30(J) 400 0.0072634900 48.05 0.0C 3.55 170.58 170.58 02/01/2012 Weld RM CO 0.00 0.000 0,12 5.70 570 43018 STARKS 23-30(J) 400 0.0072634900 48.05 0.0C -3.55 -170.58 -170.58 02/01/2012 Weld RM CO 0.00 0.000 -0.12 -5.72 -5.72 43018 STARKS 23-30(J) 400 0.0072634900 44.86 0.0C 4.48 200.99 200.99 03/01/2012 Weld RM CO 0.00 0.000 0.15 6.71 6.71 43018 STARKS 23-30(J) 400 0.0072634900 44.86 0.00 -4.48 -200.99 •200.89 03/01/2012 Weld RM CO 0.00 0.000 -0.15 -6.74 -6/4 43018 STARKS 23-30(J) 400 0.0072634900 47.98 0.00 1.24 59.50 59.50 04/01/2012 Weld RM CO 0.00 0.000 0.04 1.99 1.99 43018 STARKS 23-30(J) 400 0.0072634900 47.98 0.00 -1.24 -59.50 -59.50 04/01/2012 Weld RM CO 0.00 0.000 -0.04 -2.00 -2.00 43018 STARKS 23-30(J) 400 0.0072634900 39.43 0.0C 2.95 116.32 11532 05/01/2012 Weld RM CO 0.00 0.000 0.10 3.88 3.88 43018 STARKS 23-30(J) 400 0.0072634900 39.43 0.00 -2.95 -116.32 -116.32 05/01/2012 Weld RM CO 0.00 0.000 -0.10 -3.90 -3.90 43018 STARKS 23-30(J) 400 0.0072634900 36.94 0.00 2.40 88.66 8866 07/01/2012 Weld RM CO 0.00 0.000 0.08 2.96 296 43018 STARKS 23.30(J) 400 0.0072634900 36.94 0.00 -2.40 -88.66 -88.66 07/01/2012 Weld RM CO 0.00 0.000 -0.08 -2.97 -2.97 i 4 018 STARKS 23-30(J) 400 0.0072634900 42.76 0.00 1.98 84.67 84.67 08/01/2012 Weld RM CO 0.00 0.000 0.07 2.83 2.83 43018 STARKS 23-30(J) 400 0.0072634900 42.76 0.00 -1.98 - -84.67 -84.67 08/01/2012 Weld RM CO 0.00 0.000 -0.07 -2.84 -2.84 400 43018 STARKS 23-30(J) 0.0072634900 43.89 0.00 2.76 121.14 121 14 09/01/2012 Weld RM CO 0.00 0.000 0.09 4.04 4.04 43018 STARKS 23.30(J) 400 0.0072634900 43.89 0.00 -2.76 -121.14 -121.14 09/01/2012 Weld RM CO 0.00 0.000 =0.09 - -- -4.06 _ - - - - -4.06 -. -- --- 43018 STARKS 23-30(J) 400 0.0072634900 40.14 0.00 3.57 143.31 143.31 11/01/2012 Weld RM CO 0.00 0.000 0.12 4.79 4.79 43018 STARKS 23-30(J) 400 0.0072634900 40.14 0.00 3.57 -143.31 -143.31 11/01/2012 Weld RM CO 0.00 0.000 -0.12 -4.81 x.81 43018 STARKS 23-30(J) 400 0.0072634900 15.13 0.00 4.61 69.76 69/6 12/01/2015 Weld RM CO 0.00 0.000 0.15 2.33 2.33 Page 3 itimmilMINIMIIIIIMMENINN Owner: 2101560 Weld County CIO Board of County Comm QRA Check Number: 1760736 Owner Relations Check Date: 02/20/2016 Phone: 1 (866)917-3700 Check Amount: $4,645.83 E-mail: encanasupport@pdsei.com Well Property Name PC Entitlement SOD MCF Avg Wh MMBTU Well Gross Well Gross Well Sev Tax Well Ded Well Net Value Number Decimal Price Price Vol(mc1) Value$ Tax$ Type Cd Deducts$ Cd $ Sales Int MMBTU BTU Factor Owner Vol Owner Gross Owner Sev Owner Owner Net Value County State Date Type Avg Price (mcf) Value$ Tax$ Deducts$ S Date 43018-STARKS 23-30(J)Subtotal: 6.94 0.00 0.74 6.20 43019 STARKS 24-30(J) 200 0.0072634900 3.13 81.23 68.32 213.91 22.56 03 191.35 01/01/2012 Weld RM CO 2.63 1.189 2.28 7.14 0.75 6.39 43019 STARKS 24.30(J) 200 0.0072634900 3.13 -81.23 -68.32 -213.91 -22.56 03 -191.35 01/01/2012 Weld RM CO 2.63 1.189 -2.29 -7.17 -0.76 -6.41 200 0.0072634900 43019 STARKS 2430(J) 2.67 71.52 60.15 160.34 19.77 03 140.57 02/01/2012 Weld RM CO 2.24 1.189 2.01 5.35 0.66 4.69 43019 STARKS 24-30(J) 200 0.0072634900 2.67 -71.52 -60.15 -180.34 -19.77 03 -140.57 02/01/2012 Weld RM CO 2.24 1.189 -2.02 -5.38 -0.66 -4.72 43019 STARKS 24-30(J) 200 0.0072634900 2.51 64.02 60.00 150.36 20.72 03 129.64 03/01/2012 Weld RM CO 2.35 1.067 2.00 5.02 0.69 4.33 43019 STARKS 24-30(J) 200 0.0072634900 2.51 -63.96 -60.00 -150.36 -20.72 03 -129.64 03/01/2012 Weld RM CO 2.35 1.066 -2.01 -5.04 -0.70 -4.34 43019 STARKS 24.30(J) 200 0.0072834900 2.00 25.44 23.00 45.93 7.80 03 38.13 04/01/2012 Weld RM CO 1.81 1.106 0.77 1.53 0.26 1.27 43019 STARKS 24.30(J) 200 0.0072634900 2.00 -25.44 -23.00 -45.93 -7.80 03 -38.13 04/01/2012 Weld RM CO 1.81 1.106 -0.77 -1.54 -0.26 -1.28 43019 STARKS 24-30(J) 200 0.0072634900 1.94 64.15 58.00 112.53 19.23 03 93.30 05/01/2012 Weld RM CO 1.75 1.106 1.94 3.76 0.64 3.12 43019 STARKS 24-30(J) 200 0.0072634900 1.94 -64.16 -58.00 -112.53 -1923 03 -93.30 05/01/2012 Weld RM CO 1.75 1.106 -1.95 -3.77 -0.64 -3.13 43019 STARKS 24-30(J) 200 0.0072634900 2.75 50.78 46.00 126.33 15.58 03 110.75 07/01/2012 Weld RM CO 2.49 1.104 1.54 4.22 0.52 3.70 43019 STARKS 2430(J) - 200 0.0072634900 2.75 -50.78 -46.00 -126.33 -15.58 03 -110.75 07/01/2012 Weld RM CO 2.49 1.104 -1.54 -4.24 -0.52 -3.72 43019 STARKS 24-30(J) 200 0.0072634900 3.12 41.91 38.00 118.63 12.85 03 105.78 08/01/2012 Weld RM CO 2.83 .1.103 1.27 3.96 0.43 3.53 43019 STARKS 24-30(J) 200 0.0072634900 3.12 -41.91 -38.00 -118.63 -12.85 03 -105.78 08/01/2012 Weld RM CO 2.83 1.103 -1.27 -3.98 -0.43 -3.55 43019 STARKS 24-30(J) 200 0.0072634900 2.69 58.35 53.00 142.34 17.69 03 124.65 09/01/2012 Weld RM CO 2.44 1.101 1.77 4.75 0.59 4.16 43019 STARKS 24.30(J) 200 0.0072634900 2.69 -58.35 -53.00 -142.34 -17.69 03 -124.65 09/01/2012 Weld RM CO 2.44 1.101 -1.78 -4.77 -0.59 -4.18 43019 STARKS 24.30(J) 200 0.0072634900 - 3.70 72.8C 66.00 244.37 21.95 03 222.42 11/01/2012 Weld RM CO 3.36 1.102 2.20 8.16 0.73- - 7.43 43019 STARKS 24-30(J) 200 0.0072634900 3.70 -72.8C -66.00 -244.37 -21.95 03 -222.42 11/01/2012 Weld RM CO 3.36 1.103 -2.21 -8.19 -0.74 -7.45 43019 STARKS 24-30(J) 200 0.0072634900 2.32 82.94 74.65 173.02 27.23 03 145.79 12/01/2015 Weld RM CO 2.09 1.111 2.49 5.78 0.91 4.87 43019 STARKS 24-30(J) 300 0.0072634900 28.89 0.0C 0.28 8.09 8.09 1 2101/2 01 5 Weld RM CO 0.00 0.000 0.00 0.06 0.06 43019 STARKS 24-30(J) - 400 0.0072634900 43.10 0.0C 5.50 237.04 _ 237.04 01/01/2012 Weld RM CO 0.00 0.00C 0.18 7.91 7.91 43019 STARKS 2430(J) 400 0.0072634900 43.10 O.00 -5.50 -237.04 -237.04 01/01/2012 Weld RM CO 0.00 0.000 -0.18 -7.95 -7.95 43019 STARKS 24.30(J) 400 0.0072634900 48.05 0.00 4.14 198.94 198.94 • 02/01/2012 Weld RM CO 0.00 0.000 0.14 6.64 6.64 43019 STARKS 2430(J) 400 0.0072634900 48.05 0.00 -4:14 ` - '-198.94 -_198.94 RM CO 0.00 0.000 • -0.14 -.... �.-_-667. _ r-` -6.67 02/01/2012 Weld -- 43019 STARKS 24-30(J) 400 0.0072834900 - 45.00 0.0C 5.21 234.45 234.45 03/01/2012 Weld RM CO 0.00 0.000 0.17 7.83 - - 7.83 43019 STARKS 24-30(J) 400 0.0072634900 45.00 0.0C -5.21 -234.45 -234.45 • 03/01/2012 Weld RM CO 0.00 0.000 -0.18 -7.86 -- -7.86 43019 STARKS 24-30(J) 400 0.0072634900 47.98 0.09 1.45 69.57 69.57 04/01/2012 Weld RM CO 0.00 0.000 0.05 2.32 - 2.32 43019 STARKS 24-30(J) - 400 0.0072634900 47.98 0.00 -1.45 -69.57 -69.57 04/01/2012 Weld RM CO 0.00 0.000 -0.05 -2.33 -2.33 Page 4 Owner: 2101560 Weld County C/O Board of County Comm QRA Check Number: 1760736 Owner Relations Check Date: 02/20/2016 Phone: 1 (866)917-3700 Check Amount: $4,645.83 E-mail: encanasupport@pdsei.com Well Progeny Name PC Entitlement SOD MCF Avg Wh MMBTU Well Gross Well Gross Well Sev Tax Wet Ded Wet Net Value Number Decimal Price Price Vol(mcf) Value$ Tax$ Type Cd Deducts$ Cd $ Sales Count MMBTU BTU Factor Owner Vol Owner Gross Owner Sev Date County Int State Owner Owner Net Value Type Avg Price (mcf) Value$ Tax$ Deducts$ $ 43019 STARKS 24-30(J) 400 0.0072634900 39.50 0.00 3.45 136.28 136.28 05/01/2012 Weld RM CO 0.00 0.000 0.11 4.55 455 43019 STARKS 24-30(J) 400 0.0072634900 39.50 0.00 -3.45 -136.28 -136.28 05/01/2012 Weld RM CO 0.00 0.000 -0.12 -4.57 -4.57 43019 STARKS 24-30(J) 400 0.0072634900 37.10 0.00 2.81 104.25 104.25 07/01/2012 Weld RM CO 0.00 0.000 0.09 3.48 3.48 43019 STARKS 24-30(J) 400 0.0072634900 37.10 0.00 -2.61 -104.25 -104.25 07/01/2012 Weld RM CO 0.00 0.000 -0.09 -3.50 -3.50 43019 STARKS 24-30(J) 400 0.0072634900 43.09 0.00 2.31 99.54 99.54 08/01/2012 Weld RM CO 0.00 0.000 0.08 3.32 3.32 43019 STARKS 24-30(J) 400 0.0072634900 43.09 0.00 -2.31 -99.54 -99.54 08/01/2012 Weld RM CO 0.00 0.000 -0.08 -3.34 -3.34 • 43019 STARKS 24-30(J) 400 0.0072634900 43.71 0.00 3.26 142.49 142.49 09/01/2012 Weld RM CO 0.00 0.000 0.11 4.76 4.76 43019 STARKS 24-30(J) 400 0.0072634900 43.71 0.00 -3.26 -142.49 -142.49 09/01/2012 Weld RM CO 0.00 0.000 -0.11 -4.78 -4.78 43019 STARKS 24-30(J) 400 0.0072634900 40.02 0.00 4.21 16848 168.48 11/01/2012 Weld RM CO 0.00 0.000 0.14 5.63 563 ill 43019 STARKS 24-30(J) 400 0.0072634900 40.02 0.00 -4.21 -16848 -16848 11/01/2012 Weld RM CO 0.00 0.000 -0.14 -5.65 -565 43019 STARKS 24-30(J) 400 0.0072634900 15.13 0.00 5.42 82.02 82.02 12/01/2015 Weld RM CO 0.00 0.000 0.18 2.74 274 43019-STARKS 24-30(J)Subtotal: 8.16 0.00 0.88 7.30 43151 ELMQUIST 12-23(C) 200 0.0007718700 2.32 69.52 62.57 145.03 23.86 03 121.17 12/01/2015 Weld RM CO 2.09 1.111 0.27 0.62 0.10 0.52 43151 ELMQUIST 12-23(C) 300 0.0007718700 28.90 0.00 61.73 1,784.20 1,784.20 12/01/2015 Weld RM CO 0.00 0.000 0.05 1.38 1.38 43151 ELMQUIST 12-23(C) 400 0.0007718700 16.54 0.00 8.80 145.52 145.52 12/01/2015 Weld RM CO 0.00 0.000 0.04 0.62 062 43151-ELMQUIST 12-23(C)Subtotal: 2.62 0.00 0.10 2.52 43152 ELMQUIST 12-23(N) 200 0.0007718700 2.32 69.52 62.57 145.03 23.86 03 121.17 12/01/2015 Weld RM CO 2.09 1.111 0.27 0.62 0.10 0.52 i43152 ELMQUIST 12-23(N) 300 0.0007718700 28.90 0.00 61.75 1,784.78 1,78478 12/01/2015 Weld RM CO 0.00 0.000 0.05 1.38 138 43152 ELMQUIST 12-23(N) 400 0.0007718700 16.54 0.00 8.80 145.52 145.52 12/01/2015 Weld RM CO 0.00 0.000 0.04 0.62 062 43152-ELMQUIST 12-23(N)Subtotal: 2.62 0.00 0.10 252 43473 ELMQUIST 1(C) 200 0.0007718700 2.32 62.53 56.28 13045 20.36 03 110.09 12/01/2015 Weld RM CO 2.09 1.111 0.24 0.56 0.09 0.47 43473 ELMQUIST 1(C) 300 0.0007718700 28.90 0.00 25.40 734.14 734.14 12/01/2015 Weld RM CO 0.00 0.000 0.02 0.57 0.57 43473 ELMQUIST 1(C) 400 0.0007718700 14.79 0.00 4.75 70.24 7024 12/01/2015 Weld RM CO 0.00 0.000 0.02 0.30 0.30 • I 43473-ELMQUIST 1(C)Subtotal: 1.43 0.00 0.09 1,34 43474 ELMQUIST 1(N) 200 0.0007718700 2.32 62.53 56.28 130.45 20.36 03 110.09 12/01/2015 Weld RM CO 2.09 1.111 0.24 0.56 0.09 047 43474 ELMQUIST 1(N) 300 0.0007718700 28.90 0.00 25.40 734.14 734.14 12/01/2015 Weld RM CO 0.00 0.000 0.02 0.57 0.57 43474 ELMQUIST 1(N) 400 0.0007718700 14.79 0.00 4.75 70.24 - 70.24 12/01/2015 Weld RM CO 0.00 0.000 0.02 0.30 030 43474-ELMQUIST 1(N)Subtotal: 1.43 0.00 0.09 1.34 46695 HALEY 8-2-22(J) 200 0.0007718700 2.32 73.50 66.16 153.35 23.36 03 129.99 12/01/2015 Weld RM CO 2.09 1.111 0.30 0.68 0.10 0.58 46695 HALEY 8-2-22(J) 300 0.0007718700 28.90 0.00 4.11 118.79 - - 118.79 12/01/2015 Weld RM CO 0.00 0.000 0.00 0.10 0.10 46695 HALEY 8-2-22(J) 400 0.0007718700 12.99 0.00 4.64 60.27 60.27 12/01/2015 Weld RM CO 0.00 0.000 0.02 0.26 0.26 - 46695-HALEY 8-2-22(J)Subtotal: 1.04 0.00 0.10 0.94 Page 5 Owner: 2101560 Weld County CIO Board of County Comm QRA Check Number: 1760736 Owner Relations Check Date: 02/20/2016 Phone: 1 (866)917-3700 Check Amount: $4,645.83 E-mail: encanasupport@pdsei.com Well p PC Entitlement SOD MCF Avg Wh MMBTU Well Gross Well Gross Well Sex Tax Well Ded Well Net Value Property Name Number Decimal Price Price Vol(mct) Value$ Tax$ Type Cd Deducts$ Cd $ Sales County State tate MMBTU BTU Factor Owner Vol Owner Gross Owner Sev Owner Owner Net Value C Date Type Avg Price (mct) Value$ Tax$ Deducts$ $ 46697 HALEY 8.4-22(J) 200 0.0003070300 2.32 56.51 50.86 117.87 18.52 03 99.35 12/01/2015 Weld RM CO 2.09 1.111 0.10 0.22 0.04 0.18 104.3400 28.90 300 0.0003070300 3.610. 46697 HALEY B-4-22(J) 104.34 12/01/2015 Weld RM CO 0.00 0.000 0.00 0.04 0.04 46697 HALEY 8-4-22(J) 400 0.0003070300 15.82 0.00 4.38 69.28 69.28 12/01/2015 Weld RM CO 0.00 0.000 0.00 0.12 0.12 46697-HALEY 8-4-22(J)Subtotal: 0.38 0.00 0.04 0.34 48519 STARKS 23-30(C) 200 0.0072634900 3.13 110.84 ' 93.22 291.85 30.77 03 261.08 01/01/2012 Weld RM CO 2.63 1.189 3.11 9.74 1.03 8.71 48519 STARKS 2330(C) 200 0.0072634900 3.13 -110.84 -93.22 -291.85 -30.77 03 -261.08 01/01/2012 Weld RM CO 2.63 1.189 -3.13 -9.79 -1.03 -8.76 48519 STARKS 23.30(C) 200 0.0072634900 2.67 99.35 83.59 222.82 27.47 03 195.35 02/01/2012 Weld RM CO 2.24 1.189 2.79 7.44 0.92 6.52 48519 STARKS 23-30(C) 200 0.0072634900 2.67 -99.39 -83.59 -222.82 -27.47 03 -195.35 02/01/2012 Weld RM CO 2.24 1.185 -2.80 -7.47 -0.92 -6.55 48519 STARKS 23-30(C) 200 0.0072634900 2.52 88.56 83.00 208.95 28.80 03 180.15 03/01/2012 Weld RM CO 2.36 1.067 2.77 6.98 0.96 6.02 48519 STARKS 23-30(C) 200 0.0072634900 2.52 -88.48 -83.00 -208.95 -28.80 03 -180.15 03/01/2012 Weld RM CO 2.36 1.068 -2.78 -7.01 -0.97 -6.04 48519 STARKS 23-30(C) 200 0.0072634900 1.99 35.35 32.00 63.58 10.79 03 52.79 04/01/2012 Weld RM CO 1.80 1.106 1.07 2.12 0.36 1.76 48519 STARKS 23-30(C) 200 0.0072634900 1.99 -35.35 -32.00 -63.58 -10.79 03 -52.79 04/01/2012 Weld RM CO 1.80 1.106 -1.07 -2.13 -0.38 -1.77 48519 STARKS 23.30(C) 200 0.0072634900 - - 1.94 88.48 - 80.00 155.56 26.58 03 128.98 05/01/2012 Weld RM CO 1.76 1.106 2.67 5.19 0.89 4.30 48519 STARKS 23-30(C) 200 0.0072634900 -- 1.94 -88.40 -80.00 -155.56 -26.58 03 -128.98 05/01/2012 Weld RM CO 1.78 1.108 -2.68 -5.22 -0.89 -4.33 48519 STARKS 23-30(C) 200 0.0072634900 2.72 70.68 64.00 174.14 21.48 03 152.66 07/01/2012 Weld RM CO 2.46 1.104' 2.14 5.81 0.72 - 5.09 48519 STARKS 23-30(C) 200 0.0072634900 2.72 -70.66 -64.00 -174.14 -21.48 03 -152.66 07/01/2012 Weld • RM CO 2.46 1.104 -2.15 -5.84 -0.72 -5.12 48519 STARKS 23-30(C) 200 0.0072634900 3.09 58.4E 53.00 163.55 17.72 03 145.83 08/01/2012 Weld RM CO 2.80 1.102 1.77 5.46 0.59 4.87 48519 STARKS 23-30(C) - --- 103 -1.78 ----_ - -5.48 -0.60_-3 RM CO 2.80 1. 200 0.0072634900 3.09 -58.4E -53.00 -163.55 -17.72 03 145.,83 - 08/01/2012 Weld -4.88 48519 STARKS 23.30(C) 200 0.0072634900 2.69 80.37 73.00 196.22 • 24.39 03 171.83 0 9101/2 01 2 Weld RM CO 2.44 1.101 2.44 6.55 0.81 5.74 48519 STARKS 23-30(C) 200 0.0072634900 - 2.69 -- -80.37 -73.00 -196.22 -24.39 03 -171.83 09/01/2012 Weld RM CO 2.44 1.101 -2.45 -6.58 -0.82 -5.76 48519 STARKS 23-30(C) 200 0.0072634900 3.70 100.37 91.00 336.77 30.25 03 306.52 11/01/2012 Weld RM CO 3.36 1.103 3.04 11.24 1.01 • 10.23 48519 STARKS 23-30(C) 200 0.0072634900 3.70 -100.37 -91.00 - -336.77 -30.25 03 -306.52 11/01/2012 Weld RM CO 3.36 1.103 -3.05 -11.29 -1.01 -10.28 48519 STARKS 23-30(C) 200 0.0072634900 2.32 114.25 102.87 238.43 37.52 03 200.91 12J01/2015 Weld RM CO 2.09 1.111 3.43 7.96 1.25 - 6.71 48519 STARKS 23-30(C) 300 0.0072634900 28.90 0.00 8.37 241.92 241.92 12/01/2015 Weld RM CO 0.00 0.000 0.06 1.76 1.76 -. 48519 STARKS 23-30(C) 400 0.0072634900 - - 43.00 0.00 7.52 323.37 323.37 01/01/2012 Weld RM CO 0.00 0.000 0.25 10.80 10.80 48519 STARKS 23-30(C) 400 0.0072634900 43.00 0.00 -7.52 -323.37 -323.37 01/01/2012 Weld RM CO 0.00 0.000 -0.25 -10.84 -10.84 48519 STARKS 23-30(C) 400 0.0072634900 47.99 0.0C 5.76 276.45 278.45 02/01/2012 Weld RM CO 0.00 0.000 0.19 9.23 9.23 48519 STARKS 23-30(C) 400 0.0072634900 47.99 0.00 -5.76 -276.45 -276.45 02/01/2012 Weld RM CO 0.00 0.000 -0.19 -9.27 -9.27 48519 STARKS 23-30(C) 400 0.0072634900 44.88 0.00 7.26 325.80 325.80 03/01/2012 Weld RM CO 0.00 0.000 0.24 10.88 10.88 Page 6 Owner: 2101560 Weld County C/O Board of County Comm QRA Check Number: 1760736 Owner Relations Check Date: 02/20/2016 Phone: 1 (866)917-3700 Check Amount: $4,645.83 E-mail: encanasupport@pdsei.com Well Property Name PC Entitlement SOD MCF Avg 8W MMBTU Well Gross Well Gross Well Sev Tax Well Ded Well Net Value Number Decimal Price Price Vol(mcf) Value$ Tax$ Type Cd Deducts$ Cd $ Sales County lnt State MMBTU BTU Factor Owner Vol Owner Gross Owner Sev Owner Owner Net Value Date Type Avg Price (mot) Value$ Tax$ Deducts$ $ 48519 STARKS 23-30(C) 400 0.0072634900 44.88 0.00 -7.26 -325.80 -325.80 03101/2012 Weld RM CO 0.00 0.000 -0.24 -10.93 -10.93 48519 STARKS 23-30(C) 400 0.0072634900 48.16 0.00 2.00 96.31 96.31 04/01/2012 Weld RM CO 0.00 0.000 0.07 3.22 3.22 (C) 400 0.0072634900 48.16 0.00 -2.00 -96.31 48519 STARKS 23-30 --- -96.31 04/01/2012 Weld RM CO 0.00 0.000 -0.07 -3.23 -3.23 48519 STARKS 23-30(C) 400 0.0072634900 39.33 0.00 4.79 188.39 188.39 05/01/2012 Weld RM CO 0.00 0.000 0.16 6.29 6.29 48519 STARKS 23-30(C) 400 0.0072634900 39.33 0.00 -4.79 -188.39 -- -188.39 05/01/2012 Weld RM CO 0.00 0.000 -0.16 -6.32 -6.32 37.03 0.00 3.88 143.69( ) 400 0.0072634900 48519 STARKS 23-30 C143.69 07/01/2012 Weld RM CO 0.00 0.000 0.13 4.80 4.80 O 400 0.0072634900 37.03 0.00 -3.88 -143.69 48519 STARKS 23-30 C - •143.69 07/01/2012 Weld RM CO 0.00 0.000 -0.13 -4.82 182 • (C) 400 0.0072634900 43.02 0.00 3.19 137.23 48519 STARKS 23-30 137.23 08/01/2012 Weld RM CO 0.00 0.000 0.11 4.58 4.58 48519 STARKS 23-30(C) --- 400 0.0072634900 -- 43.02 0.00 -3.19 -137.23 -137.23 08/01/2012 Weld RM CO 0.00 0.000 -0.11 -4.60 -4.60 48519 STARKS 23-30(C) 400 0.0072634900 43.64 0.00 4.50 196.36 19636 09/01/2012 Weld RM CO 0.00 0.000 0.15 6.56 656 48519 STARKS 23-30(C) 400 0.0072634900 43.64 0.00 -4.50 -196.36 -198.36 09/01/2012 Weld RM CO 0.00 0.000 -0.15 -6.58 -6.58 22 48519 STARKS 23.30(C) 400 0.0072634900 39.97 0.00 5.81 232.21 232.21 11/01/2012 Weld RM CO 0.00 0.000 0.19 7.75 - - 7/5 48519 STARKS 23-30(C) 400 0.0072634900 39.87 0.00 -5.81 •232.21 - -232.21 11/01/2012 Weld RM CO 0.00 0.000 -0.20 -7.79 -7.79 48519 STARKS 23.30(C) 400 0.0072634900 15.15 0.00 7.46 113.03 113.03 12/01/2015 Weld RM CO 0.00 0.000 0.25 3.77 3.77 48519-STARKS 23-30(C)Subtotal: 12.94 0.00 1.22 11/2 48523 STARKS 24-30(C) 200 0.0072634900 3.13 125.56 105.63 33072 34.87 03 295.85 01/01/2012 Weld RM CO 2.63 1.189 3.53 11.04 1.16 - -9.88 48523 STARKS 24-30(C) 200 0.0072634900 3.13 -125.59 -105.63 -330.72 -34.87 03 -285.85 01/01/2012 Weld RM CO 2.63 1.180 -3.54 -11.09 -1.17 -9.92 48523 STARKS 24-30(C) 200 0.0072634900 2.67 110.47 92.91 247.67 30.54 03 217.13 02/01/2012 Weld RM CO 2.24 1.189 3.10 8.27 1.02 7.25 48523 STARKS 24-30(C) 200 0.0072634900 2.67 -110.47 -92.91 -247.67 -30.54 03 -217.13 02/01/2012 Weld RM CO 2.24 1.186 -3.12 -8.31 -1.02 -7.29 O - -- 200 0.0072634900 2.50 99.23 93.00 - 232.21 - - - - 48523 STARKS 24.30 C 32.00 03 -- 200.21 03/01/2012 Weld RM CO 2.34 - 1.067 -3.11 - 7.75 1.07 8.68 - --- 48523 STARKS 24-30(C) 200 0.0072634900 2.50 -99.23 -93.00 -232.21 -32.00 03 -200.21 03/01/2012 Weld RM CO 2.34 1.067 -3.12 -7.79 -1.07 -6/2 48523 STARKS 24-30(C) 200 0.0072634900 1.97 39.82 36.00 70.93 12.04 03 58.89 04/01/2012 Weld RM CO 1.78 1.106 1.20 2.37 0.40 1.97 48523 STARKS 24-30(C) 200 0.0072634900 1.97 -39.82 -36.00 -70.93 -12.04 03 -58.89 04/01/2012 Weld RM CO 1.78 1.106 -1.21 -2.38 -0.40 -1.98 48523 STARKS 24-30(C) 200 0.0072634900 1.96 98.43 89.00 174.00 29.73 03 144.27 05/01/2012 Weld RM CO 1.77 1.106 2.97 5.81 0.99 4.82 48523 STARKS 24-30(C) 200 0.0072634900 1.96 -98.43 - -89.00 -174.00 -29.73 03 -144.27 05/01/2012 Weld RM CO 1.77 1.108 -2.98 -5.83 -1.00 -4.83 48523 STARKS 24-30(C) 200 0.0072634900 --- 2.71 79.49 72.00 195.27 --- 24.08 03 171.19 f 07/01/2012 Weld RM CO 2.46 1.104 2.40 6.52 0.80 5.72 48523 STARKS 24-30 C -24.08 03 -171.19 () 200 0.0072634900 2.71 •79.49 -72.00 •195.27 07/01/2012 Weld RM CO 2.46 1.104 -2.41 -6.55 -0.61 -5.74 48523 STARKS 24-30(C) 200 0.0072634900 3.11 65.08 59.00 183.35 19.86 03 163.49 08/01/2012 Weld RM CO 2.82 1.103- 1.97 8.12 acts - - 5.46 48523 STARKS 24-30(C) 200 0.0072634900 3.11 -65.08 -59.00 - -183.35 -19.86 03 -163.49 08/01/2012 Weld RM CO 2.82 1.103 -1.98 -6.15 -0.67 -5.48 Page 7 Owner: 2101560 Weld County CIO Board of County Comm QRA Check Number: 1760736 Owner Relations Check Date: 02/20/2016 Phone: 1 (866)917-3700 Check Amount: $4,645.83 E-mail: encanasupport@pdsei.com Well Property PC Entitlement SOD MCF Avg Wh MMBTU Well Gross Well Gross Well Sev Tax Well Ded Well Net Value Pro Name Number Decimal Price Price Vol(mct) Value$ Tax$ Type Cd Deducts$ Cd $ Sales County lot State MMBTU BTU Factor Owner Vol Owner Gross Owner Sev Owner Owner Net Value C Date Type Avg Price (mcf) Value$ Tax$ Deducts$ $ 48523 STARKS 24-30(C) 200 0.0072634900 2.68 90.28 82.00 219.96 27.34 03 192.62 09/01/2012 Weld RM CO 2.44 1.101 2.74 7.34 0.91 6.43 48523 STARKS 24-30(C) 200 0.0072634900 268 -90.28 -82.00 219.96 - -27.34 03 -192.62 09/01/2012 Weld RM CO 2.44 1.101 -2.75 -7.38 -0.92 -6.46 33.92 03 343.70 48523 STARKS 24-30(C) 200 0.0072634900 3.70 112.51 102.00 377.62 11/01/2012 Weld RM CO 3.36 1.103 3.40 12.61 1.13 11.48 48523 STARKS 24-30(C) 200 0.0072634900 3.70 -112.51 -102.00 -377.62 -33.92 03 -343.70 11/01/2012 Weld RM CO 3.36 1.103 -3.42 -12.66 -1.14 -11.52 48523 STARKS 24-30(C) 200 0.0072634900 2.32 128.14 115.34 267.32 '' 42.07 03 225.25 12/01/2015 Weld RM CO 209 1.111 3.85 8.93 1.40 7.53 48523 STARKS 24-30(C) 300 0.0072634900 28.90 0.0C 12.00 346.84 346.84 12/01/2015 Weld RM CO 0.00 0.000 0.09 2.52 2.52 48523 STARKS 24-30(C) 400 0.0072634900 43.01 0.00 8.52 36644 366.44 01/01/2012 Weld RM CO 0.00 0.000 0.29 12.24 12.24 48523 STARKS 24-30(C) 400 0.0072634900 43.01 0.0C -8.52 -366.44 -366.44 01/01/2012 Weld RM CO 0,00 0.000 -0.29 -12.29 -12.29 48523 STARKS 24-30(C) 400 0.0072634900 48.02 0.0C 6.40 307.32 307.32 02/01/2012 Weld RM CO 0.00 0.000 0.21 10.26 10.26 48523 STARKS 24-30(C) 400 0.0072634900 48.02 0.00 -6.40 -307.32 -307.32 02/01/2012 Weld RM CO 0.00 0.000 -0.21 -10.30 -10.30 48523 STARKS 24-30(C) 400 0.0072634900 44.88 0.0C 8.07 362.15 362.15 03/01/2012 Weld RM CO 0.00 0.000 0.27 12.09 12.09 48523 STARKS 24-30(C) 400 0.0072634900 44.88 0.00 -8.07 -362.15 -362.15 03/01/2012 W 48523 04/01/2012 Weld 48523 04/01/2012 Weld 48523 eld RM CO 0.00 0.000 -0.27 -12.14 -12.14 STARKS 24-30(C) 400 0.0072634900 47.98 0.0C 2.24 107.48 107.48 RM CO 0.00 0.000 0.08 3.59 3.59 STARKS 24-30(C) 400 0.0072634900 47.98 0.00 -2.24 -107.48 -107.48 RM CO 0.00 0.000 -0.06 -3.60 -3.60 STARKS 24-30(C) 400 0.0072634900 39.31 0.00 5.36 210.72 210.72 05/01/2012 Weld RM CO 0.00 0.000 0.18 7.04 7.04 48523 STARKS 24-30(C) 400 0.0072634900 39.31 0.0C -5.36 -210.72 -210.72 05/01/2012 Weld RM CO 0.00 0.000 -0.18 -7.07 -7.07 48523 STARKS 24-30(C) 400 0.0072634900 36.94 0.00 4.36 161.08 161.08 07/01/2012 Weld RM CO 0.00 0.000 0.15 5.38 5.38 48523 STARKS 24-30(C) 400 0.0072634900 36.94 0.0C -4.36 -161.08 -161.08 07/01/2012 Weld RM CO 0.00 0.000 -0.15 -5.40 -5,40 48523 STARKS 24-30(C) 400 0.0072634900 43.10 0.0C 3.57 153.85 153.85 08/01/2012 Weld RM CO 0.00 0.000 0.12 5.14 5.14 48523 STARKS 24-30(C) 400 0.0072634900 43.10 0.01 -3.57 -153.85 -153.85 08/01/2012 Weld RM CO 0.00 0.000 -0,12 -5.16 -5.16 48523 STARKS 24-30(C) 400 0.0072634900 43.60 0.0C 5.05 220.17 220.17 .ii 09/01/2012 Weld RM CO 0.00 0.000 0.17 7.35 7.35 48523 STARKS 24-30(C) 400 0.0072634900 43.60 0.00 -5.05 -220.17 -220.17 09/01/2012 Weld RM CO 0.00 0.000 -0.17 -7.38 -7.38 48523 430(C) 400 0.0072634900 40.06 0.00 6.50 260.37 260.37 11/01/2012 WeldSTARKS 2 RM CO 0.00 0.000 0.22 8.69 8.69 48523 STARKS 2430(C) 400 0.0072634900 40.06 0.0C 0.000 -6.50 -0.22 8.37 260.37 -260.37 11/01/2012 Weld RM CO 0.00 -8.73 8.73 48523 STARKS 24-30(C) 400 0.0072634900 15.14 0.00 126.74 126.74 12/01/2015 Weld RM CO 0.00 0.000 0.26 4.23 423 48523-STARKS 24-30(C)Subtotal: 15.08 0.00 1.34 13.74 53946 GURTLER 12-30(N) 200 0.0072634900 3.13 42.30 35.52 111.22 11.70 03 99.52 01/01/2012 Weld RM CO 2,63 1.191 1.19 3.71 0.39 3.32 53946 GURTLER 12-30(N) 200 0.0072634900 3.13 -42.30 -35.52 -111.22 - -11.70 03 • -99.52 01/01/2012 Weld RM CO 2.63 1.191 -1.19 -3.73 -0.39 -3.34 53946 GURTLER 12-30(N) 200 0.0072634900 2.67 39.52 33.18 88.44 10.85 03 77.59 02/01/2012 Weld RM CO 2.24 1.191 1.11 2.95 0.36 2.59 Ill Page 8 Owner: 2101560 Weld County CIO Board of County Comm QRA Check Number: 1760736 Owner Relations Check Date: 02/20/2016 Phone: 1 (866)917-3700 Check Amount: $4,645.83 E-mail: encanasupport@pdsei.com Well Property Name PC Entitlement SOD MCF Avg Mt MMBTU Well Gross Well Gross Well Sev Tax Well Ded Well Net Value Number Decimal Price Price Vol(mcf) Value$ Tax$ Type Cd Deducts$ Cd $ Sales County lot State MMBTU BTU Factor Owner Vol Owner Gross (oner Sev Owner Owner Net Value Date Type Avg Price (mcf) Value$ Tax$ Deducts$ $ 53946 GURTLER 12.30(N) 200 0.0072634900 2.67 -39.52 -33.18 -88.44 -10.85 03 -77.59 02/01/2012 Weld RM CO 2.24 1.191 -1.11 -2.97 -0.36 -2.61 53946 GURTLER 12-30 (N) 200 0.0072634900 2.48 42.68 40.00 99.21 13.60 03 85.61 03/01/2012 Weld RM CO 2,32 1.067 1.34 3.31 0.45 2.86 53946 GURTLER 12-30(N) 200 0.0072634900 2.48 -42.68 -40.00 -99.21 -13.60 03 -85.61 03/01/2012 Weld RM CO 2.32 1.067 -1.34 -3.33 -0.46 -2.87 53946 GURTLER 12-30 (N) 200 0.0072634900 1.98 38.71 35.00 69.43 11.73 03 57.70 -- 04/01/2012 Weld RM CO 1.79 1.106 1.17 2.32 0.39 1.93 53946 GURTLER 12-30(N) 200 0.0072634900 1.98 -38.71 -35.00 -69.43 -11.73 03 -57.70 04/01/2012 Weld RM CO 1.79 1.106 -1.17 -2.33 -0.39 -1,94 O 200 0.0072634900 1.96 40.92 37.00 72.36 12.34 03 60.02 53946 GURTLER 12-30 N 05/01/2012 Weld RM CO 1.77 1.106 1.24 2.42 0.41 2.01 53946 GURTLER 12-30(N) 200 0.0072634900 1.96 -40.92 -37.00 -72.36 -12.34 03 -60.02 05/01/2012 Weld RM CO 1.77 1.106 -1.24 -2.43 -0.41 -2.02 53946 GURTLER 12-30(N) 200 0.0072634900 2.68 30.94 28.00 75.12 9.19 03 65.93 07/01/2012 Weld RM CO 2.43 1.100 0.94 2.51 0.31 2.20 • 53946 GURTLER 12-30(N) 200 0.0072634900 2.68 -30.94 -28.00 -75.12 -9.19 03 -65.93 07/01/2012 Weld RM CO 2.43 1.100 -0.94 -2.52 -0.31 -2.21 53946 GURTLER 12-30(N) 200 0.0072634900 3.04 20.98 19.00 57.82 6.25 03 51.57 08/01/2012 Weld RM CO 2.76 1.104 0.83 1.93 0.21 1.72 53946 GURTLER 12-30(N) 200 0.0072634900 3.04 -20.98 -19.00 -57.82 -6.25 03 -51.57 08/01/2012 Weld RM CO 2.76 1.104 -0.64 -1.94 -0.21 -1.73 ---- --- - -- --- ..__.. _ -3- 53946 GURTLER 12-30(N) 200 0.0072634900 2.69 26.42 24.00 64.48 8.24 03 56.24 09/01/2012 Weld RM CO 2.44 1.101 0.80 2.15 0.28 1.87 (N) 200 0.0072634900 --- 2.69 -26.42 -24.00 -64.48 -8.24 03 -56.24 53946 GURTLER 12-30 - - - 09/01/2012 Weld RM CO 2.44 1.101 -0.81 -2.16 -0.28 -1.88 53946 GURTLER 12-30(N) 200 0.0072634900 3.66 25.37 23.00 84.12 7.61 03 76.51 11/01/2012 Weld RM CO 3.32 1.10E 0.77 2.81 0.25 2.56 -25.37 -23.00 -8 ( ) 200 0.0072634900 3.66 4.12 53946 GURTLER 12-30 N -7.61 03 -76.51 11/01/2012 Weld RM CO 3.32 1.102 -0.77 -2.82 -0.25 -2.57 53946 GURTLER 12-30(N) 200 0.0072634900 2.32 22.00 19.86 46.03 7.27 03 38.76 12/01/2015 Weld RM CO 2.09 1.111 0.66 1.54 0.24 1.30 53946 GURTLER 12-30(M 300 0.0072634900 28.90 O.00 42.52 1,228.97 1228 97 12/01/2015 Weld RM CO 0.00 0.000 0.31 8.93 8.93 53946 GURTLER 12-30(N) 400 0.0072634900 42.43 0.0C 2.88 121.35 121.35 01/01/2012 Weld RM CO 0.00 0.000 0.10 4.05 4.05 53946 GURTLER 12-30(N) 400 0.0072634900 42.43 0.00 -2.86 -121.35 -121.35 01/01/2012 Weld RM CO 0.00 0.000 -0.10 -4.07 -4.07 (N) --- 400 0.0072634900 --'- 53946 GURTLER 12-30 -- - ...- 46.38 0.0C 2.26 104.81 104.81 02/01/2012 Weld RM CO 0.00 0.000 0.08 3.50 3.50 53946 GURTLER 12-30(N) -- 400 0.0072634900 46.38 0.0C -- -2.26 -104.81 -104.81 02/01/2012 Weld RM CO 0.00 0.000 -0.08 -3.51 -3.51 53946 GURTLER 12-30(N) 400 0.0072634900 43.58 0.00 3.40 148.18 148.18 03/01/2012 Weld RM CO 0.00 0.000 0.11 4.95 4.95 •53946 GURTLER 12-30(N) 400 0.0072634900 • •43.58 0.00 -3.40 -148.18 -148.18 03/01/2012 Weld RM CO 0.00 0.000 -0.11 4.97 -497 53946 GURTLER 12-30(N) 400 0.0072634900 46.05 0.0C 2.17 99.93 99.93 04/01/2012 Weld RM CO 0.00 0.000 0.07 3.34 334 .00 -2.17 -99.93 (N) 400 0.0072634900 46,05 0 53946 GURTLER 12-30 -99.93 04/01/2012 Weld RM CO 0.00 0.000 -0.07 -3.35 -3.35 ( ) 400 0.0072634900 37.64 • 53946 GURTLER 12-30 N -- 0.00 2.24 84.32 84.32 05/01/2012 Weld RM CO 0.00 0.000 0.08 2.82 282 53946 GURTLER 12-30(N) 400 0.0072634900 37.64 0.00 -2.24 -84.32 -84.32 05/01/2012 Weld RM CO 0.00 0.000 -0.08 -2.83 -2.83 53946 GURTLER 12.30(N) 400 0.0072634900 33.45 0.00 1.69 56.53 56.53 07/01/2012 Weld RM CO 0.00 0.000 . 0.06 1.89 1.89 53946 GURTLER 12-30(N) 400 0.0072634900 33.45 0.00 -1.69 -56.53 -56.53 07/01/2012 Weld RM CO 0.00 0.000 -0.06 -1.90 -1.90 Page 9 Owner: 2101560 Weld County C/O Board of County Comm QRA Check Number: 1760736 Owner Relations Check Date: 02/20/2016 Phone: 1 (866)917-3700 Check Amount: $4,645.83 E-mail: encanasupport@pdsei.com Well PC Entitlement SOD MCF Avg Wh MMBTU Well Gross Well Gross Well Sev Tax Well Ded Well Net Value Property Name Number Decimal Price Price Vol(mct) Value$ Tax$ Type Cd Deducts$ Cd $ Sales Int State MMBTU BTU Factor Owner Vol Owner Gross Owner Sev Owner Owner Net Value County Avg Price (mc1) Value$ Tax$ Deducts$ $ DateType 53946 GURTLER 12-30(N) 400 0.0072634900 42.49 0O0 1.48 62.88 62.88 11/01/2012 Weld RM CO 0.00 0.000 0.05 2.10 2.10 53946 GURTLER 12-30(N) 400 0.0072634900 42.49 0.00 -1.48 -62.88 -62.88 11/01/2012 Weld RM CO 0.00 0.000 -0.05 -2.11 -2.11 53946 GURTLER 12-30(N) 400 0.0072634900 15.28 0.00 1.67 25.51 25.51 12/01/2015 Weld RM CO 0O0 0.000 0O6 0.85 0.85 53946-GURTLER 12-30(N)Subtotal: 11.11 0.00 0.23 10.88 55965 HALEY 8-2-22(C) 200 0.0007718700 2.32 136.21 122.60 284.15 43.29 03 240.86 12/01/2015 Weld RM CO 2.09 1.111 0.58 1.34 0,20 1.14 55965 HALEY 8-2-22(C) 300 0.0007718700 28.90 0.00 60.59 1,751.25 1,751.25 12/01/2015 Weld RM CO 0.00 0O00 0.04 1.36 1.36 4 55965 HALEY 8-2-22(C) 400 0.0007718700 13.00 0.08 8.59 111.68 111.68 12/01/2015 Weld RM CO 0O0 0.000 0O4 0.52 0.52 55965-HALEY 8-2-22(C)Subtotal: 3.22 0.00 0.20 3.02 55966 HALEY 8-2-22(N) 200 0.0007718700 2.32 136.21 122.60 284.15 43.29 03 240.86 12/01/2015 Weld RM CO 2.09 1.111 0.58 1.34 0.20 1.14 55966 HALEY 8-2-22(N) 300 0.0007718700 28.90 0.00 60.58 1,750.96 1,750.96 12/01/2015 Weld RM CO 0.00 0.000 0.04 1.36 1.36 55966 HALEY 8-2-22(N) 400 0.0007718700 13.00 0.0C 8.59 111.68 111.68 4 12/01/2015 Weld RM CO 0.00 0.000 0.04 0.52 0.52 55966-HALEY 8-2-22(N)Subtotal: 3.22 0.00 0.2C 3.02 55983 HALEY 8-4-22(C) 200 0.0003070300 2.32 106.96 96.27 223.12 35.05 03 188.07 12/01/2015 Weld RM CO 2.09 1.111 0.18 0.44 0O6 0.38 55983 HALEY 8-4-22(C) 300 0.0003070300 28.90 0.00 53.46 1,545.17 1,545.17 12/01/2015 Weld RM CO 0.00 0.000 0.02 O48 0.48 55983 HALEY 8-4-22(C) 400 0.0003070300 15.84 0.00 8.28 131.12 131.12 12/01/2015 Weld RM CO 0.00 0.000 0.02 0.26 0.26 55983-HALEY 8-4-22(C)Subtotal: 1.18 0.00 0.0e 1.12 55985 HALEY 8-4-22(N) 200 0.0003070300 2.32 120.31 108.29 250.99 39.43 03 211.56 12/01/2015 Weld RM CO 2.09 1.111 0.22 0.48 0.08 0.40 55985 HALEY 8-4-22(N) 300 0O003070300 28.90 0.00 53.45 1,544.88 1,544.68 12/01/2015 Weld RM CO 0.00 0.00C 0.02 0.48 0.48 55985 HALEY 8-4-22(N) 400 0.0003070300 15.83 0.00 9.32 147.51 147.51 12/01/2015 Weld RM CO 0.00 0.000 0.02 0.28 0.28 55985-HALEY 8-4-22(N)Subtotal: 1.24 0.00 0.08 1.16 57080 ELMQUIST 2-4-23(J) 200 0.0003859375 2.32 25.23 22.71 52.65 8.22 03 44.43 12/01/2015 Weld RM CO 2.09 1.111 0.04 0.10 0.02 0.08 I 57080 ELMQUIST 2-4-23(J) 300 0.0003859375 28.90 0.00 2.63 76.02 76.02 12/01/2015 Weld RM CO 0.00 0.000 0O0 0.02 0.02 57080 ELMQUIST 2-4-23(J) 400 0.0003859375 1437 0.00 1.92 28.36 28.36 12/01/2015 Weld RM CO 0.00 0.000 0.00 0.06 0.06 57080-ELMQUIST 2-4-23(J)Subtotal: 0.18 0.00 0.02 0.16 64400 GURTLER 2A-30H(N) 200 0O048401882 2.32 988.16 889.43 2,061.49 327.90 03 1,733.59 12/01/2015 Weld RM CO 2.09 1.111 34.98 81.10 12.90 68.20 64400 GURTLER 2A-30H(N) 300 0.0048401882 28.90 0.00 1,887.75 54,562.20 54,562.20 12/01/2015 Weld RM CO 0.00 0.000 9.14 264.10 264.10 64400 GURTLER 2A-30H(N) 400 0.0048401882 15.52 0.00 87.67 1,361.04 1,361.04 12/01/2015 Weld 67263 12/01/2015 Weld 67263 RM CO 0.00 0.000 3.44 53.54 53.54 64400-GURTLER 2A-30H(N)Subtotal: 398.74 0.00 12.90 385.84 ELMQUIST 2-4-23(C) 200 0.0003054688 2.32 107.79 97.02 224.87 35.09 03 189.78 RM CO 2.09 1.111 0.16 0.38 0.06 0.32 ELMQUIST 2-4-23(C) 300 0.0003054688 28.90 0.08 38.87 1,123.47 1,123.47 12/01/2015 Weld RM CO O00 0.000 0O2 0.34 0.34 67263 ELMQUIST 2-4-23(C) 400 0.0003054688 14.80 0.00 8.18 121.08 121.08 12/01/2015 Weld RM CO 0.00 0.000 0O2 0.20 0.20 67263-ELMQUIST 2-4-23(C)Subtotal: 0.92 0.00 0.06 0.86 67264 ELMQUIST 2-4-23(N) 200 0.0003054688 2.32 107.79 97.02 224.87 35.09 03 189.78 12/01/2015 Weld RM CO 2.09 1.111 0.16 0.38 0.06 0.32 Page 10 Owner: 2101560 Weld County C/O Board of County Comm QRA Check Number: 1760736 Owner Relations Check Date: 02/20/2016 Phone: 1 (866)917-3700 Check Amount: $4,645.83 E-mail: encanasupport@pdsei.com Well Property Name PC Entitlement SOD MCF Avg Wh MMBTU Well Gross Well Gross Well Sev Tax Well Ded Well Net Value Number Decimal Price Price Vol(mc1) Value$ Tax$ Type Cd Deducts$ Cd $ Sales Int nt MMBTU BTU Factor Owner Vol Owner Gross Owner Sev Owner Owner Net Value y State Date Type Avg Price (mcf) Value$ Tax$ Deducts$ $ 67264 ELMQUIST 2-4-23(N) 300 0.0003054688 28.90 0.00 38.87 1,123.47 1,123.47 12/01/2015 Weld RM CO 0.00 0.000 0.02 0.34 0.34 67264 ELMQUIST 2-4-23(N) 400 0.0003054688 14.80 0.00 8.18 121.08 12108 12/01/2015 Weld RM CO 0.00 0.000 0.02 0.20 0.20 67264-ELMQUIST 2-4-23(N)Subtotal: 0.92 0.00 0.06 0.86 200.87 0.86 68144 ELMQUIST 21-23(C) 200 0.0007718700 2.32 114.05 102.69 238.01 37.14 03 12/01/2015 Weld RM CO 2.09 1.111 0.44 1.02 0.16 68144 ELMQUIST 21-23(C) 300 0.0007718700 28.90 0.00 39.13 1,130.99 1,130.99 12/01/2015 Weld RM CO 0.00 0.000 0.04 0.88 0.88 68144 ELMQUIST 21-23(C) 400 0.0007718700 14.80 0.00 8.66 128.15 128.15 l 12/01/2015 Weld RM CO 0.00 0.000 0.04 0.54 0.54 68144-ELMQUIST 21-23(C)Subtotal: 2.44 0.00 0.16 2.28 68145 ELMQUIST 21-23(N) 200 0.0007718700 2.32 101.38 91.25 211.50 33.00 03 178.50 12/01/2015 Weld RM CO 2.09 1.111 0.38 0.90 0.14 0/6 68145 ELMQUIST 21-23(N) 300 0.0007718700 28.90 0.00 39.14 1,131.28 1131,28 12/01/2015 Weld RM CO 0.00 0.000 0.04 0.88 088 68145 ELMQUIST 21-23(N) 400 0.0007718700 14.79 0.00 7.70 113.89 113.89 12/01/2015 Weld RM CO 0.00 0.000 0.04 0.48 0.48 68145-ELMQUIST 21-23(N)Subtotal: 2.26 0.00 0.14 212 69756 GURTLER 2B-30H(N) 200 0.0048401882 2.32 958.38 862.63 1,999.37 318.02 03 1,681.356.14 12/01/2015 Weld RM CO 2.09 1.111 33.94 78.66 12.52 6 69756 GURTLER 2B-30H(N) 300 0.0046401882 28.90 0.00 1,896.36 54,811.06 54,811.06 12/01/2015 Weld RM CO 0.00 0.000 9.18 265.30 265.30 69756 GURTLER 2B-30H(N) 400 0.0048401882 15.52 0.00 85.03 1,320.04 1,320.04 12/01/2015 Weld RM CO 0.00 0.000 3.34 51.93 51.93 69756-GURTLER 2B-30H(N)Subtotal: 395.89 0,00 12.52 383.37 73698 RODMAN BRUNTZ 2E-26H-C266(N) 200 0.0207374228 2.32 2,065.73 1,859.34 4,309.49 687.69 03 3,621.80 12/01/2015 Weld RM CO 2.09 1.111 326.38 756.48 120.72 635.76 73698 RODMAN BRUNTZ 2E-26H-C266(N) 300 0.0207374228 28.90 0.00 3,493.20 100,965.01 100,965.01 12/01/2015 Weld RM CO 0.00 0.000 72.44 2,093.75 2,093.75 73698 RODMAN BRUNTZ 2E-26H-C266(N) 400 0.0207374228 15.69 0.00 200.46 3,164.87 3,184.87 12/01/2015 Weld RM CO 0.00 0.000 35.19 559.07 559.07 73698-RODMAN BRUNTZ 2E-26H-C266(N)Subtotal: 3,409.30 0.00 120.72 3,288.58 74006 GRANT ELMQUIST 2A-14H C268(N) 200 0.0002572917 2.32 2,582.61 2,324.58 5,387.80 862.75 03 4,525.05 12/01/2015 Weld RM CO 2.09 1.111 3.98 9.22 1.48 7.74 74006 GRANT ELMQUIST 2A-14H C268(N) 200 0.0000037760 2.32 2,582.61 2,324.58 5,387.80 862.75 03 4,525.05 12/01/2015 Weld RM CO 2.09 1.111 0.06 0.14 0.02 0.12 74006 GRANT ELMQUIST 2A-14H C268(N) 300 0.0002572917 28.90 0.00 3,784.19 109,375.58 109,375.58 12/01/2015 Weld RM CO 0.00 0.000 0.98 28.14 2814 74006 GRANT ELMQUIST 2A-14H C268(N) 300 0.0000037760 28.90 0.00 3,784.19 109,375.58 109,375.58 12/01/2015 Weld RM CO 0.00 0.000 0.01 0.41 0.41 74006 GRANT ELMQUIST 2A-141-I C268(N) 400 0.0002572917 15.74 0.00 274.99 4,328.68 4,328.68 12/01/2015 Weld RM CO 0.00 0.000 0.48 7.42 742 74006 GRANT ELMQUIST 2A-14H C268(N) 400 0.0000037760 15.74 0.00 274.99 4,328.68 4,328.68 12/01/2015 Weld RM CO 0.00 0.000 0.01 0.11 011 74006-GRANT ELMQUIST 2A-14H C268(N)Subtotal: 45.44 0.00 1.50 43.94 74007 GRANT ELMQUIST 29-14H C268(C) 200 0.0005145833 2.32 3,263.23 2,937.20 6,807.71 1,090.12 03 5,717.59 12/01/2015 Weld RM CO 2.09 1.111 9.28 21.50 3.44 18.06 74007 GRANT ELMQUIST 2B-14H C268(C) 300 0.0005145833 28.90 0.00 3,368.91 97,372.62 97,37262 12/01/2015 Weld RM CO 0.00 0.000 1.74 50.10 50.10 74007 GRANT ELMQUIST 2B-14H C268(C) 400 0.0005145833 15.74 0.00 347.46 5,469.44 5,469.44 12/01/2015 Weld RM CO 0.00 0.OOC 1.10 17.28 1728 74007-GRANT ELMQUIST 2B-14H C268(C)Subtotal: 88.88 0.00 3.44 85.44 74008 GRANT ELMQUIST 2C-14H C268(N) 200 0.0002572917 2.32 3,436.27 3,092.95 7,168.71 1,147.93 03 6,020.78 12/01/2015 Weld RM CO 209 1.111 4.64 10.76 1.72 9.04 74008 GRANT ELMQUIST 2C-14H C268(N) 300 0.0002572917 28.90 0.00 3,404.75 98,408.51 98,408.51 12/01/2015 Weld RM CO 0.00 0.000 0.88 25.32 25.32 Page 11 _ _ _ .. Owner: 2101560 Weld County CIO Board of County Comm QRA Check Number: 1760736 Owner Relations Check Date: 02/20/2016 Phone: 1 (866)917-3700 Check Amount: $4,645.83 E-mail: encanasupport@pdsei.com Well PC Entitlement SOD MCF Avg Wh MMBTU Well Gross Well Gross Well Sev Tax Well Ded Well Net Value Property Name Number Decimal Price Price Vol(mcf) Value$ Tax$ Type Cd Deducts$ Cd $ • Sales Int y Court MMBTU BTU Factor Owner Vol Owner Gross Owner Sev Owner Owner Net Value • State Date Type Avg Price (mcr) Value$ Tax$ Deducts$ $ 74008 GRANT ELMQUIST 2C-14H C268(N) 400 0.0002572917 15.74 0.00 365.88 5,759.49 5,759.49 12/01/2015 Weld RM CO 0.00 0.000 0.54 8.64 8.64 74008-GRANT ELMQUIST 2C-14H C268(N)Subtotal: 44.72 0.00 1.72 43.00 74009 GRANT ELMQUIST 2D-14H C268(C) 200 0.0002572917 2.32 4,371.37 3,934.63 9,119.52 1,460.31 03 7,659.21 12/01/2015 Weld RM CO 2.09 1.111 5.90 13.68 2.20 11.48 74009 GRANT ELMQUIST 2D-14H C268(C) 300 0.0002572917 28.90 0.00 3,873.44 111.955.20 111,955.20 12/01/2015 Weld RM CO 0.00 0.000 1.00 28.80 28.80 74009 GRANT ELMQUIST 2D-14H C268(C) 400 0.0002572917 15.74 0.00 465.45 7,326.80 7,326.80 12/01/2015 Weld RM CO 0.00 0.000 0.70 11.00 11.00 74009-GRANT ELMQUIST 2D-14H C268(C)Subtotal: 53.48 0.00 2.20 51.28 74019 GRANT ELMQUIST 2E-14H C268(N) 200 0.0002572917 2.32 3,576.19 3,218.89 7,460.60 1,194.67 03 6,265.93 12/01/2015 Weld RM CO 2.09 1.111 4.84 11.20 1.80 9.40 74019 GRANT ELMOUIST 2E-14H C268(N) 300 0.0002572917 28.90 0.00 3,348.12 96,771.72 96,771.72 12/01/2015 Weld RM CO 0.00 0.000 0.86 24.90 24.90 74019 GRANT ELMQUIST 2E-14H C268(N) 400 0.0002572917 15.74 0.00 380.78 5,993.98 5,993.98 il 12/01/2015 Weld RM CO 0.00 0.000 0.58 9.00 9.00 74019-GRANT ELMQUIST 2E-14H C268(N)Subtotal: 45.10 0.00 1.80 43.30 74022 GRANT SALISBURY 2A-14H(C) 200 0.0005765000 2.32 2,964.48 2,668.30 6,184.47 988.58 03 5,195.89 12/01/2015 Weld RM CO 2.09 1.111 10.80 25.04 4.00 21.04 74022 GRANT SALISBURY 2A-14H(C) 300 0.0005765000 28.90 0.00 4,468.91 129,166.25 129,166.25 12/01/2015 Weld RM CO 0.00 0.000 2.58 74.46 74.46 74022 GRANT SALISBURY 2A-14H(C) 400 0.0005765000 15.70 0.0C 313.91 4,929.92 4,929.92 12/01/2015 Weld RM CO 0.00 0.000 1.27 19.96 19.96 74022-GRANT SALISBURY 2A-14H(C)Subtotal: 119.46 0.00 4.0C 115.46 74023 GRANT SALISBURY 26-14H(C) 200 0.0005765000 2.32 2,755.72 2,480.40 5,748.97 920.59 03 4,828.38 12/01/2015 Weld RM CO 2.09 1.111 10.04 23.28 3.73 19.55 74023 GRANT SALISBURY 2B-14H(C) 300 0.0005765000 28.90 0.0C 1,878.51 54,295.14 54,295.14 12/01/2015 Weld RM CO 0.00 0.000 1.08 31.30 31.30 74023 GRANT SALISBURY 2B-14H(C) 400 0.0005765000 15.74 0.0C 293.42 4,618.86 4,618.86 12/01/2015 Weld RM CO 0.00 0.000 1.19 18.70 18.70 74023-GRANT SALISBURY 2B-14H(C)Subtotal: 73.28 0.00 3.73 69.55 760747 GURTLER 1(J) 200 0.0072635000 2.32 75.74 68.17 158.00 24.95 03 133.05 12/01/2015 Weld RM CO 2.09 1.111 2.75 6.39 1.01 5.38 760747 GURTLER 1(J) 300 0.0072635000 28.90 0.00 6.59 190.47 190.47 12/01/2015 Weld RM CO 0.00 0.000 0.05 1.38 1.38 760747 GURTLER 1(J) 400 0.0072635000 15.28 0.00 5.73 87.53 87.53 12/01/2015 Weld RM CO 0.00 0.000 0.23 3.54 3.54 760747-GURTLER 1(J)Subtotal: 11.31 0.00 1.01 10.30 760976 ELMQUIST 11-23(J) 200 0.0003859000 2.71 49.60 45.00 121.90 14.79 03 107.11 07/01/2012 Weld RM CO 2.45 1.104 0.08 0.22 0.03 0.19 760976 - - ELMQUIST 11-23(J) 200 0.0003859000 2.71 -49.60 -45.00 -121.90 -14.79 03 -107.11 07/01/2012 Weld RM CO 2.45 1.104 -0.08 -0.21 -0.03 -0.18 760976 ELMQUIST 11-23(J) 200 0.0003859000 3.08 111.40 101.00 310.67 33.49 03 277.18 06/01/2012 Weld RM CO 2.79 1.103 0.18 0.55 0.06 0.49 760976 ELMQUIST 11-23(J) 200 0.0003859000 3.08 -111.40 -101.00 -310.67 -33.49 03 -277.18 08/01/2012 760976 07/01/2012 Weld 760976 07/01/2012 Weld 760976 Weld RM CO 2.79 1.103 -0.19 -0.56 •0.05 -0.51 ELMQUIST 11-23(J) 400 0.0003859000 33.83 0.00 3.64 123.13 123.13 RM CO 0.00 0.000 0.01 0.22 0.22 ELMQUIST 11-23(J) 400 0.0003859000 33.83 0.00 -3.64 -123.13 -123.13 RM CO 0.00 0.000 0.00 -0.21 -0.21 ELMQUIST 11-23(J) 400 0.0003859000 40.71 0.00 8.52 346.87 346.87 08/01/2012 Weld RM CO 0.00 0.000 0.02 0.62 0.62 760976 ELMQUIST 11-23(J) 400 0.0003859000 40.71 0.00 -8.52 -346.87 -346.87 08/01/2012 Weld RM CO 0.00 0.000 -0.01 -0.61 -0.61 760976-ELMQUIST 11-23(J)Subtotal: 0.02 0.00 0.01 0.01 82.54 761329 BANGERT 33-19(J) 200 0.0011016000 2.32 46.83 42.15 97.68 15.14 03 12101/2015 Weld RM CO 2.09 1.111 0.28 0.64 0,10 0.54 Page 12 Owner: 2101560 Weld County C/O Board of County Comm QRA Check Number: 1760736 Owner Relations Check Date: 02/20/2016 Phone: 1 (866)917-3700 Check Amount: $4,645.83 E-mail: encanasupport@pdsei.com Well Property Name PC Entitlement SOD MCF Avg Wh MMBTU Well Gross Well Gross Well Sev Tax Well Ded Well Net Value Number Decimal Price Price Vol(mcf) Value$ Tax$ Type Cd Deducts$ Cd $ ' Sales County Int State MMBTU BTU Factor Owner Vol Owner Gross Owner Sev Owner Owner Net Value Date Type Avg Price (mcf) Value$ Tax$ Deducts$ $ 761329 BANGERT 33-19(J) 300 0.0011016000 28.90 0.00 4.85 140.18 140.18 12/01/2015 Weld RM CO 0.00 0.000 0.01 0.15 0.15 761329 BANGERT 33-19(J) 400 0.0011016000 16.61 0.00 2.37 39.36 39.36 12/01/2015 Weld RM CO 0.00 0.000 0.02 0.26 0.26 1 761329-BANGERT 33-19(J)Subtotal: 1.05 0.00 0.10 0.95 761381 BANGERT 32-19(J) 200 0.0011016000 2.32 76.19 68.58 158.94 2464 03 134.30 12/01/2015 Weld RM CO 2.09 1.111 0.45 1.04 0.16 0.88 761381 BANGERT 32-19(J) 300 0.0011016000 28.90 0.00 7.91 228.63 22863 12/01/2015 Weld RM CO 0.00 0.000 0.01 0.25 0,25 I761381 BANGERT 32.19(J) 400 0.0011016000 16.59 0.00 3.86 64.05 64.05 12/01/2015 Weld RM CO 0.00 0.000 0.03 0.42 0.42 761381-BANGERT 32-19(J)Subtotal: 1.71 0.00 0.16 1.55 761437 BANGERT 44-19(J) 200 0.0011016000 2.32 68.57 61.72 143.04 22.17 03 120.87 12/01/2015 Weld RM CO 2.09 1.111 0.40 0.93 0.14 0.79 761437 BANGERT 44-19(J) 300 0.0011016000 28.90 0.00 7.11 205.50 205.50 12/01/2015 Weld RM CO 0.00 0.000 0.01 0.23 0.23 761437 BANGERT 44-19(J) 400 0.0011016000 16.61 0.00 3.47 57.63 57.63 12/01/2015 Weld RM CO 0.00 0.000 0.02 0.38 0.38 761437-BANGERT 44-19(J)Subtotal: 1.54 0.00 0.14 1.40 761620 ELMQUIST 1(J) 200 0.0003859000 2.32 37.5C 33.75 78.22 12.21 03 66.01 12/01/2015 Weld RM CO 2.09 1.111 0.06 0.14 0.02 0.12 761620 ELMQUIST 1(J) 300 0.0003859000 28.90 0.0C 1.72 49.71 4971 12/01/2015 Weld RM CO 0.00 0.000 0.00 0.02 0.02 761620 ELMQUIST 1(J) 400 0.0003859000 14.78 0.00 2.85 42.13 42.13 12/01/2015 Weld RM CO 0.00 0.000 0.01 0.08 0.08 761620-ELMQUIST 1(J)Subtotal: 0.24 0.00 0.02 0.22 761778 BANGERT 3-19(J) 200 0.0011016000 2.32 70.76 63.69 147.61 22.88 03 124.73 12/01/2015 Weld RM CO 2.09 1.111 0.42 0.96 0.15 0.81 761778 BANGERT 3-19(J) 300 0.0011016000 28.90 0.00 7.34 212.15 21215 12/01/2015 Weld RM CO 0.00 0.000 0.01 0.23 0.23 761778 BANGERT 3-19(J) 400 0.0011016000 16.61 0.00 3.58 59.47 59.47 12/01/2015 Weld RM CO 0.00 0.000 0.02 0.39 0.39 I761778-BANGERT 3-19(J)Subtotal: 1.58 0.00 0.15 1.43 761888 BANGERT 43-19(J) 200 0.0011016000 2.32 69.84 62.86 14569 22.59 03 123.10 12/01/2015 Weld RM CO 2.09 1.111 0.41 0.95 0.15 0.80 761888 BANGERT 43-19(J) 300 0.0011016000 28.90 0.0C 7.24 209.26 209.26 12/01/2015 Weld RM CO 0.00 0.000 0.01 0.23 023 761888 BANGERT 43-19(J) 400 0.0011016000 16.59 0.00 3.54 58.74 58.74 12/01/2015 Weld RM CO 0.00 0.000 0.02 0.38 0.38 761888-BANGERT 43-19(J)Subtotal: 1.56 0.00 0.15 1.41 762559 ELMQUIST 12-23(J) 200 0.0003859000 2.32 41.56 37.41 86.71 14.26 03 72.45 12/01/2015 Weld RM CO 2.09 1.111 0.07 0.15 0.03 0,12 762559 ELMQUIST 12-23(J) 300 0.0003859000 28.90 0.00 4.17 120.53 120.53 12/01/2015 Weld RM CO 0.00 0.000 0.00 0.05 0.05 762559 ELMQUIST 12-23(J) 400 0.0003859000 16.54 0.00 5.26 87.01 87.01 12/01/2015 Weld RM CO 0.00 0.000 0.01 0.16 0.16 762559-ELMQUIST 12-23(J)Subtotal: 0.36 0.00 0.03 0.33 762839 BANGERT 34-19(J) 200 0.0011016000 2.32 160.61 144.56 335.05 51.94 03 283.11 12/01/2015 Weld RM CO 2.09 1.111 0.94 2.19 0.34 1.85 762839 BANGERT 34-19(J) 300 0.0011016000 28.90 0.00 1666 481.53 481.53 12/01/2015 Weld RM CO 0.00 0.000 0.02 0.53 0.53 762839 BANGERT 34-19(J) 400 0.0011016000 16.61 0.00 8.13 135.02 135.02 12/01/2015 Weld RM CO 0.00 0.000 0.05 0.88 0.88 762839-BANGERT 34-19(J)Subtotal: 3.60 0.00 0.34 3.26 763061 BANGERT 2-19(J) 200 0.0011016000 2.32 253.95 228.58 529.80 84.80 03 445.00 12/01/2015 Weld RM CO 2.09 1.111 1.49 3.46 0.55 2.91 763061 BANGERT 2-19(J) 400 0.0011016000 18.20 0.00 19.60 356.73 356.73 12/01/2015 Weld RM CO 0.00 0.000 0.13 2.33 2.33 Page 13 millIMlIIIIMIlier+ i Owner: 2101560 Weld County C/O Board of County Comm QRA Check Number: 1760736 Owner Relations Check Date: 02/20/2016 Phone: 1 (866)917-3700 Check Amount: $4,645.83 E-mail: encanasupport@pdsei.com Well Property Name PC Entitlement SOD MCF Avg Wt1 MMBTU Well Gross Well Gross Well Sev Tax Well Ded Well Net Value Number Decimal Price Price Vol(mc1) Value$ Tax$ Type Cd Deducts$ Cd $ Sales Int State Date Type MMBTU BTU Factor Owner Vol Owner Gross Owner Sev Owner Owner Net Value County Avg Price (mc1) Value$ Tax$ Deducts$ $ 763061-BANGERT 2-19(J)Subtotal: 5.79 0.00 0.55\ 5.24 763704 GURTLER 12-30(J) 200 0.0072634900 3.69 93.76 85.00 313.60 28.37 03 285.23 11/01/2012 Weld RM CO 3.34 1.103 3.45 12.71 1.15 11.56 763704 GURTLER 12-30(J) 200 0.0072634900 3.69 -93.76 -85.00 -313.60 -28.37 03 -285.23 11/01/2012 Weld RM CO 3.34 1.103 -3.46 -12.78 -1.16 -11.62 1 763704 GURTLER 12-30(J) - 200 0.0072634900 2.32 82.36 74.13 171.81 27.13 03 144.68 12/01/2015 Weld RM CO 2.09 1.111 3.00 6.96 1.10 5.86 763704 GURTLER 12-30(J) 300 0.0072634900 28.90 0.00 5.38 155.50 155.50 12/01/2015 Weld RM CO 0.00 0.000 0.04 1.13 1.13 763704 GURTLER 12-30(J) 400 0O072634900 42.64 0.00 5.50 234.50 234.50 11/01/2012 Weld RM CO 0O0 0.000 0.22 9.51 9.51 763704 GURTLER 12-30(J) 400 0.0072634900 42.64 0O0 -5.50 234.50 -234.50 11/01/2012 Weld RM CO 0.00 0.000 -0.22 -9.55 -9.55 763704 GURTLER 12-30(J) 400 0.0072634900 15.25 0.00 6.24 95.19 95.19 12/01/2015 Weld RM CO 0.00 0.000 0.25 3.86 3.86 763704-GURTLER 12-30(J)Subtotal: 11.84 0.00 1.09 10.75 Current Check Totals: 4,820.59 0O0 0.00 174.76 4,645.83 Year to Date Totals: 10,479.17 0.00 0.00 349.96 10,129.21 • Page 14 Hello