HomeMy WebLinkAbout20150500.tiff RESOLUTION
RE: APPROVE REQUEST TO WAIVE BID PROCEDURE CONCERNING SMALL TRACT
OIL AND GAS LEASE, ACCEPT OFFER TO LEASE MINERAL ACRE, AND
AUTHORIZE CHAIR TO SIGN - LAND ENERGY, INC.
WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to
Colorado statute and the Weld County Home Rule Charter, is vested with the authority of
administering the affairs of Weld County, Colorado, and
WHEREAS, Land Energy, Inc., 1615 California Street, Suite 702, Denver, CO 80202,
has requested that the bidding procedure be waived according to the policy as set forth in the
Weld County Code for parcels less than five acres, on the following described mineral acres:
Section 25, Township 6 North, Range 66 West of
the 6th P.M., Weld County, Colorado, as further
described in Exhibit A to said lease.
WHEREAS, Land Energy, Inc., is offering to lease the above described mineral acres,
containing 2.813 mineral acres, more or less, and
WHEREAS, the Board finds that the lease offer from Land Energy, Inc., in the amount of
THREE THOUSAND, THREE HUNDRED SEVENTY FIVE AND 60/100 DOLLARS ($3,375.60),
is acceptable, with the further terms and conditions being as stated in said Small Tract Oil and
Gas Lease, a copy being attached hereto and incorporated herein by reference.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
Weld County, Colorado, that the request of Land Energy, Inc., to waive the bidding procedure
on an Oil and Gas Lease concerning the above described mineral acres, be, and hereby is,
granted.
BE IT FURTHER RESOLVED by the Board that the offer of Land Energy, Inc., to lease
mineral acres, as hereinabove stated, be, and hereby is, accepted.
BE IT FURTHER RESOLVED by the Board that the Chair, be, and hereby is, authorized
to sign said Small Tract Oil and Gas Lease.
2015-0500
LE0356
WAIVE BID PROCEDURE / SMALL TRACT LEASE - LAND ENERGY, INC.
PAGE 2
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 18th day of February, A.D., 2015.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
ATTEST: ; .��, // /, EXCUSED
d t G: dLo;ei Barbara Kirkmeyer, Chair
Weld County Clerk to the Board n ITCA-' ' E,La Mike Freeman, Pro-Tem
Dep t Clerk to - Board 1 �; Sf
. an P. Conway
APPROVED AS TO FORM:\! mirror' I 06j-- ai
°o Nit Julie . Cozad
Co my Attorney , —r tire- j >1—O"
g_____ Steve Moreno
Date of signature:
2015-0500
LE0356
WELD COUNTY SMALL-TRACT OIL AND GAS LEASE
THIS LEASE AGREEMENT, dated this 30th day of January , 20 15 , made and entered into
by and between WELD COUNTY, COLORADO, a political subdivision of the STATE OF COLORADO,
acting by and through the BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF WELD, for its
respective interests, do BOARD OF COUNTY COMMISSIONERS, 1150 O STREET, P.O. BOX 758,
GREELEY, CO 80632, hereinafter called Lessor, and:
Land Energy, Inc.
1615 California St., Suite 702
Denver, CO 80202
hereinafter called Lessee:
WITNESSETH
WHEREAS, said Lessee has applied to Lessor for an oil and gas lease covering the land herein
described, and has paid a bonus consideration of$ 1,200.00 per mineral acre, fixed by Lessor as
an additional consideration for the granting of this lease,and the following consideration:
WHEREAS, all the requirements relative to said lease agreement have been duly complied with and
said lease agreement has been approved and allowed by Lessor;
THEREFORE, in consideration of the agreements herein, on the part of Lessee to be paid, kept and
performed, Lessor does lease exclusively to Lessee for the sole and only purpose of drilling for,
development of and production of oil and gas, or either of them, thereon and therefrom with the right to
own all oil and gas so produced and saved therefrom and not reserved as royalty by Lessor under the
terms of this lease, together with rights-of-way, easements and servitudes for pipelines, telephone and
telegraph lines, tanks and fixtures for producing and caring for such product, and housing and boarding
employees, and any and all rights and privileges necessary for the exploration and operation of said land
for oil and gas, the following described land situated in the County of Weld, State of Colorado, and more
particularly described as follows:
SEE ATTACHED"EXHIBIT A" FOR LEGAL DESCRIPTION AND ACREAGE
TO HAVE AND TO HOLD said land, and all the rights nd privileges granted hereunder to Lessee
until the hour of twelve o'clock noon on the 31" day of lllf , 20/8 , as primary term, and so
long thereafter as oil and gas, or either of them, is produced in payin quantities from said land or Lessee
is diligently engaged in bona fide drilling or reworking operations on said land, subject to the terms and
conditions herein. Drilling or reworking operations shall be deemed to be diligently performed if there is
no delay or cessation thereof for a greater period than sixty (60) consecutive days, unless an extension in
writing is granted by Lessor; provided that such drilling or reworking operations are commenced during
said primary term or any extension thereof, or while this lease is in force by reason of production of oil
and gas or either of them, or that such reworking is commenced within (60) sixty days upon cessation of
production for the purpose of re-establishing the same, and provided further that such production is
commenced during such primary term or any extension thereof, or while this lease is in force by reason of
such drilling or reworking operations or other production.
EXPLORATION - Lessor reserves the right to conduct exploration on the leased land provided such
exploration does not interfere with rights granted herein.
PURPORTED COPY
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VIIICarly
1�1117i Clerk and Nr,l�l�:f;l� LED.55o
Small-Tract Oil and Gas Lease
Page 2
In consideration of the premises, the parties covenant and agree as follows:
1. RENTAL-This is a PAID-UP LEASE. In consideration of the down cash payment, Lessor agrees
that Lessee shall not be obligated, except as otherwise provided herein, to commence or
continue any operations during the primary term. Lessee may at any time or times during or after
the primary term surrender this lease as to all or any portion of said land and as to any strata or
stratum by delivering to Lessor or by filing for record a release or releases, and be relieved of all
obligation thereafter accruing as to the acreage surrendered.
2. ROYALTY PROVISIONS:
A. Lessee Responsible for All Costs/Expenses: Lessee shall account for any and all
substances produced on the leased land and shall pay to Lessor as royalty, in addition to the
rentals provided, the royalties described in paragraphs B through E below, which shall be free
of all costs of any kind. In this regard, Lessee agrees to bear one hundred percent(100%) of
all costs and expenses incurred in rendering hydrocarbons produced on or from the Leased
Premises marketable and delivering the same into the purchaser's pipeline for immediate
transportation to an end user or storage facility. If a gas purchase contract makes any
deductions for the expenses of dehydrating, transporting, compressing, manufacturing,
processing, treating, gathering or marketing of such gas, then such deductions shall be
added to the price received by Lessee for such gas for the purpose of the payment of
royalties to Lessor. Additionally, royalties payable to Lessor shall never bear, either directly
or indirectly, under any circumstances, the costs or expenses (including depreciation) to
construct, repair, renovate or operate any pipeline, plant, or other facilities or equipment used
in connection with the treating, separation, extraction, gathering, processing, refining,
transporting, manufacturing or marketing of hydrocarbons produced from the Leased
Premises or lands pooled therewith. It is the intent of the parties that the provisions of this
Paragraph 2 are to be fully effective and enforceable.
B. Royalty Payment on Products: On products, Lessee shall pay Lessor a royalty payment of
eighteen and one-half percent(18.5%) of the gross market value or proceeds of sale thereof,
whichever is higher.
C. Royalty Payment on Residue Gas: On residue gas or gas remaining after separation,
extraction or processing operations, Lessee shall pay Lessor eighteen and one-half percent
(18.5%)of the proceeds of sale or of the market value thereof, whichever is higher.
D. Royalty Payment on Oil: At the option of Lessor, and with sixty (60) days' notice to Lessee,
Lessor may take its royalty oil in kind, in which event Lessee shall deliver such royalty oil to
Lessor on the leased land, free of cost or deduction, into the pipelines or storage tanks
designated by Lessor, but Lessee shall not in such case be required to provide free tankage
for any such oil for a longer period than one month after the same is run into tanks. With
sixty (60) days' notice to Lessee, Lessor may cease taking oil royalty in kind. When paid in
cash, Lessee shall pay Lessor for oil produced and saved from the leased land, eighteen and
one-half percent(18.5%)the market value of the oil at the wellhead, or the price actually paid
to Lessee at the well by the purchaser thereof, whichever is higher; and in no event shall the
royalties be based upon a market value at the well less than the posted price in the field for
such oil, or in the absence of a posted price in the field for such oil, upon a market value at
the well less than the prevailing price received by other producers in the field for oil of like
grade and gravity at the time such oil is run into pipelines or storage tanks.
E. No Refund of Bonus: If Lessor owns a lesser interest in the oil and gas deposits of the
above-described land than the entire and undivided fee simple estate, then the royalties and
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Carly Koppes, Clerk and Recorder, Weld County, CO ' (Revised 06/2014)
■iii�1rjtilili lOilw�,;wfiwr�,FM�i�t}F�l�r� � "III
Small-Tract Oil and Gas Lease
Page 3
rentals herein provided shall be paid to Lessor only in the portion which its interest bears to
the whole and undivided fee, but no refund of any bonus consideration shall be made by
Lessor hereunder.
F. Timing of Royalty Payments: All royalties payable under the terms of this lease shall be
payable in cash (unless Lessor elects to take such royalty oil or gas in kind) to Lessor within
one hundred twenty (120) days following the first commercial sale of production and
thereafter no more than sixty(60) days after the end of the month following the month during
which production takes place. Subject to the provisions of Paragraph 16 of this Lease
concerning shut-in wells, royalties shall be paid to Lessor by Lessee and/or its assigns or by
the product purchaser for oil and/or gas. Upon the failure of any party to pay Lessor the
royalty as provided in this paragraph, Lessor may, at Lessor's option, elect to terminate this
Lease by sending written notice to Lessee. Lessee shall then have forty-five (45) days from
the date of service of such written notice in which to avoid termination of this Lease by
making or causing to be made the proper royalty payment or payments that should have
been paid. If such royalty payment is not made on, or before, the expiration of the 45-day
period, or written approval is not obtained from Lessor to defer such payment, Lessor may
elect to terminate this Lease by filing a Notice of Termination with the Weld County Clerk and
Recorder. The effective date of said termination shall be the date said Notice of Termination
is recorded.
G. Effect of"Take or Pay Provision": In the event Lessee enters into a gas purchase contract
which contains what is commonly referred to as a "take or pay provision" (such provision
meaning that the gas purchaser agrees to take delivery of a specified minimum volume or
quantity of gas over a specified term at a specified price or to make minimum periodic
payments to the producer for gas not taken by the purchaser) and the purchaser under such
gas purchase contract makes payment to Lessee by virtue of such purchaser's failure to take
delivery of such minimum volume or quantity of gas, then Lessor shall be entitled to eighteen
and one-half percent (18.5%) of all such sums paid to Lessee or producer under the "pay"
provisions of such gas purchase contract. Such royalty payments shall be due and owing to
Lessor within sixty (60) days after the receipt of such payments by Lessee. If the gas
purchaser"makes up" such gas within the period called for in the gas contract and Lessee is
required to give such purchaser a credit for gas previously paid for but not taken, then Lessor
shall not be entitled to royalty on such "make up" gas. If Lessee is not producing any
quantities of gas from the Leased Premises but is receiving payments under the"pay" portion
of such "take or pay" gas purchase contract provision, such payments shall not relieve
Lessee of the duty to make shut-in royalty payments if Lessee desires to continue this Lease,
but such "take or pay" royalty payments shall be applied as a credit against any shut-in
royalty obligation of the Lessee. Lessor shall be a third-party beneficiary of any gas purchase
contract and/or transportation agreement entered into between Lessee and any purchaser
and/or transporter of Lessor's gas, irrespective of any provision of said contracts to the
contrary, and such gas purchase contract and/or transportation agreement will expressly so
provide. Further, Lessor shall be entitled to eighteen and one-half percent (18.5%) of the
value of any benefits obtained by, or granted to, Lessee from any gas purchaser and/or
transporter for the amendment, modification, extension, alteration, consolidation, transfer,
cancellation or settlement of any gas purchase contract and/or transportation agreement.
H. Recovery of Liquid Hydrocarbons: Lessee agrees that before any gas produced from the
Leased Premises is used or sold off the Leased Premises, it will be run, free of cost to
Lessor, through an adequate oil and gas separator of a conventional type or equipment at
least as efficient, to the end that all liquid hydrocarbons recoverable from the gas by such
means will be recovered on the lease and Lessor properly compensated therefor.
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Carly Koppes, Clerk and Recorder, Weld County, CO
�IIIN1�1lLt�lw,l�lf4:«l�'wifr,� 1G«'1k1��1'PILK' Yil� 11III (Revised 06/2014)
Small-Tract Oil and Gas Lease
Page 4
I. Excess Payments to Lessor: Any payment of royalty or shut-in gas royalty hereunder paid to
Lessor in excess of the amount actually due to the Lessor shall nevertheless become the
property of the Lessor if Lessee does not make written request to Lessor for reimbursement
within one (1) year from the date that Lessor received the erroneous payment, it being
agreed and expressly understood between the parties hereto that Lessor is not the collecting
agent for any other royalty owner under the lands covered hereby, and a determination of the
name, interest ownership and whereabouts of any person entitled to any payment
whatsoever under the terms hereof shall be the sole responsibility of Lessee. It is further
expressly agreed and understood that: (i) this provision shall in no way diminish the
obligation of Lessee to make full and punctual payments of all amounts due to Lessor or to
any other person under the terms and provisions of this Lease, and (ii) any overpayments
made to the Lessor under any provisions of this Lease shall not be entitled to be offset
against future amounts payable to parties hereunder.
J. Effect of Division Order: The terms of this Lease may not be amended by any division order
and the signing of a division order by any mineral owner may not be made a prerequisite to
payment of royalty hereunder.
K. Limitation of Sale to Subsidiaries and/or Affiliates: Oil, gas or products may not be sold to a
subsidiary or affiliate of Lessee as defined herein without the Lessor's prior written
permission.
L. Royalty Payable on All Gas Produced: Lessee shall pay Lessor royalty on all gas produced
from a well on the Leased Premises and sold or used off the Leased Premises, regardless of
whether or not such gas is produced to the credit of Lessee or sold under a contract executed
by or binding on Lessee. Should gas be sold under a sales contract not binding on Lessee,
Lessor's royalty will be calculated based on the highest price paid for any of the gas
produced from the well from which such gas is produced. In no event will the price paid
Lessor for Lessor's share of gas be less than the price paid Lessee for Lessee's share of
gas.
3. LESSOR'S ACCESS TO LEASED PROPERTY AND RECORDS
A. Records Generally: Lessee agrees to keep and to have in its possession complete and
accurate books and records showing the production and disposition of any and all
substances produced on the leased land and to permit Lessor, at all reasonable hours, to
examine the same, or to furnish copies of same to Lessor upon request along with
purchaser's support documentation. Lessor will not be unreasonable with requests. All said
books and records shall be retained by Lessee and made available in Colorado to Lessor for
a period of not less than five(5)years.
B. Access to Premises: Lessor shall have free access, at all times, to all wells, tanks, and other
equipment on the Leased Premises, including drilling wells, and Lessee agrees to furnish
Lessor, or Lessor's nominee, currently and promptly, upon written request, with full well
information including cores, cuttings, samples, logs (including Schlumberger and other
electrical logs), copies and results of deviation tests and directional and seismic surveys, and
the results of all drill stem tests and other tests of other kind or character that may be made of
wells on the Leased Premises. Lessor or Lessor's nominee shall be furnished with, and have
free access at all times to, Lessee's books and records relative to the production and sale of
oil, gas or other minerals from the Leased Premises, including reports of every kind and
character to local, State or Federal governmental authorities. Lessor shall have the right, at
its election, to employ gaugers or install meters to gauge or measure the production of all
minerals produced from the premises, and Lessee agrees to prepare and deliver to Lessor or
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Small-Tract Oil and Gas Lease
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Lessor's gauger or nominee duplicate run or gauge tickets for all minerals removed from the
premises. Lessee shall furnish to Lessor daily drilling reports on each well drilled upon
request.
C. Gas Purchase Agreements/Gas Contracts: At least thirty (30) days prior to the delivery or
the execution of any contract for the sale, delivery, transporting or processing of gas
produced from the Leased Premises, Lessee shall provide Lessor with a complete copy of
each proposed contract for the purchase, transportation and/or processing of such gas that
Lessee intends to execute (each a "Gas Contract"), whereupon, Lessor may object if the
terms of said Gas Contract conflict with the terms and conditions of this Lease. Lessee shall
furnish to Lessor, within a reasonable time after its execution, a copy of any Gas Contract or
transportation agreement entered into in connection with the Leased Premises, or if there is
already a Gas Contract or transportation agreement in effect due to Lessee's operations in
the field, then a copy of that contract. Furthermore, a copy of any amendments to the gas
purchase contract or transportation agreement shall be furnished said Lessor within
thirty(30) days after execution thereof; and on request of Lessor and without cost to the
Lessor, Lessee shall furnish Lessor a copy of the following reports: core record, core
analysis, well completion, bottom hole pressure measurement, directional survey records,
electrical and induction surveys and logs, gas and oil ratio reports, paleontological reports
pertaining to the paleontology of the formations encountered in the drilling of any wells on the
Leased Premises, and all other reports which pertain to the drilling, completing or operating
of the wells located on the Leased Premises. Such information shall be solely for Lessor's
use, and Lessor shall attempt to keep same confidential for twelve (months after receipt,
subject to its obligation to comply with the Public Records requirements under Colorado law.
Lessee agrees that it will not enter into any contract for the sale, delivery, transporting or
processing of gas produced from the Leased Premises which shall extend more than two (2)
years from the effective date of such sales contract unless such contract has adequate
provisions for redetermination of price at intervals of no less frequency than one (1) year to
ensure that production from this Lease is not being sold for less than the then current market
value.
D. Lessee to Advise Regarding Well Status: Lessee shall advise Lessor, in writing, of the
location of all wells drilled upon the Leased Premises on or before thirty (30) days prior to
commencement of operations, and shall advise Lessor, in writing, the date of completion
and/or abandonment of each well drilled within thirty (30) days after completion or
abandonment.
4. MEASUREMENTS: All production shall be accurately measured using standards established by
the American Gas Association (AGA) and/or the American Petroleum Institute (API) and all
measuring devices shall be tamper proof as nearly as possible. Oil royalties due within the terms
of this lease shall be calculated on actual and accurate measurements within API standards
unless a different means of measurement, subject to Lessor's approval, is provided.
5. PAYMENTS AND REPORTS: All payments and reports due hereunder shall be made on or
before the day such payments and reports are due. Nothing in this paragraph shall be construed
to extend the expiration of the primary term hereof. Oil royalty payments and supporting
documents shall be submitted prior to the last day of the month following each month's sale of
production, and gas royalty payments and supporting documents shall be submitted prior to the
last day of the second month following each month's sale of production. All payments shall be
made by cash, check, certified check, or money order. Payment having restrictions,
qualifications, or encumbrances of any kind whatsoever shall not be accepted by Lessor. A
penalty for a late payment shall be charged as set forth in the PENALTIES paragraph herein.
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Carly Koppes, Clerk and Recorder. Weld County, CO 06/2014)
■III Pia l tiZ�Yui,�fFh'�fi��'ItKiI 1) 11111 (Revised
Small-Tract Oil and Gas Lease
Page 6
6. PENALTIES: A penalty shall be imposed for, but not limited to, late payments, improper
payments, operational deficiencies, violation of any covenant of this lease, or false statements
made to Lessor. Penalties shall be determined by Lessor, unless otherwise provided for by law,
and may be in the form of, but not limited to, interest, fees, fines, and/or lease cancellation. A
penalty schedule shall be prepared by Lessor and shall become effective immediately after public
notice. Said schedule may be changed from time to time after public notice.
7. LAW: The terms and conditions of this lease shall be performed and exercised subject to all
laws, rules, regulations, orders, local ordinances or resolutions applicable to, and binding upon,
the administration of lands and minerals owned by the County of Weld, and to laws, rules and
regulations governing oil and gas operations in Colorado. Violations shall result in penalties as
provided for by law or as set forth in the aforementioned schedule or shall, at the option of
Lessor, result in default as provided hereinafter.
8. SURRENDER: Lessee may at any time, by paying to Lessor all amounts then due as provided
herein, surrender this lease insofar as the same covers all or any portion of the land herein
leased and be relieved from further obligations or liability hereunder with respect to the land so
surrendered; provided that this surrender clause and the option herein reserved to Lessee shall
cease and become absolutely inoperative immediately and concurrently with the institution of any
suit in any court of law by Lessee, Lessor or any assignee of either to enforce this lease, or any of
its terms expressed or implied. In no case shall any surrender be effective until Lessee shall
have made full provision for conservation of the leased products and protection of the surface
rights of the leased land.
9. ASSIGNMENTS:
A. Fee for Assignments: Lessee, upon payment of a $100.00 fee and prior written consent of
Lessor (which shall not be unreasonably withheld), shall have the right to assign the entire
leasehold interest of said Lessee in all or part of the land covered hereby. Prior to written
approval by Lessor of assignment of this lease, Lessee (assignor) shall not be relieved of its
obligations under the terms and conditions herein. An assignment shall not extend the term
of this lease.
B. Partial Assignment: 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 all further obligations and liabilities
as to that portion so assigned.
C. Lessee to Notify: Lessee shall notify Lessor of all assignments of undivided percentage or
other interests. Said interests will not be recognized or approved by Lessor, and the effect of
any such assignments will be strictly and only between the parties thereto, and outside the
terms of this lease, and no dispute between parties to any such assignment shall operate to
relieve Lessee from performance of any terms or conditions hereof or to postpone the time
therefore. Lessor shall at all times be entitled to look solely to Lessee or his assignee shown
on its books as being the sole owner hereof, and for the sending of all notices required by this
lease and for the performance of all terms and conditions hereof.
D. Filing with Lessor: Although not binding on Lessor, all instruments of every kind and nature
whatsoever affecting this lease should be filed with the Lessor.
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10. OVERRIDING ROYALTY: Any and all reservations or assignments or overriding royalties shall
be subject to approval by Lessor. The total of said overriding royalties shall not exceed
five percent (5%), including any overriding royalty previously provided for unless production
exceeds a monthly average of fifteen (15) barrels per day or ninety thousand cubic feet of gas per
day (90 MCF/D). In the event production drops to this amount or less, any overriding royalties
which exceed five percent (5%) may be suspended. Lessor's approval of a reservation or
assignment of an overriding royalty shall not bind Lessor for payment of said overriding royalty
and shall not relieve Lessee of any of its obligations for payment of royalties to Lessor as
provided by ROYALTY paragraphs herein.
11. OFFSET WELLS: Lessee agrees to protect the leased land from drainage by offset wells
located on adjoining lands not owned by Lessor, when such drainage is not compensated for by
counter-drainage. It shall be presumed that the production of oil and gas from offset wells results
in drainage from the leased land, unless Lessee demonstrates to Lessor's satisfaction, by
engineering, geological, or other data, that production from such offset well does not result in
such drainage, or that the drilling of a well or wells on the leased land would not accomplish the
purposes of protecting the deposits under the leased land. Lessor's decision as to the existence
of such drainage shall be final, and Lessee shall comply with Lessor's order thereon or surrender
this lease as to any such undeveloped acreage as designated by Lessor.
12. DEVELOPMENT: Upon discovery of oil and gas or either of them on the leased land, Lessee
shall proceed with reasonable diligence to develop said land at a rate, and to an extent,
commensurate with the economic development of the field in which the leased land lies.
13. POOLING CLAUSE: Lessee may at any time or times pool any part or all of said land or lease
or any stratum or strata with other lands and leases, stratum or strata, in the same field so as to
constitute a spacing unit to facilitate an orderly or uniform well-spacing pattern or to comply with
any order, rule, or regulation of the State or Federal regulatory or conservation agency having
jurisdiction. Such pooling shall be accomplished or terminated by filing of record and with the
Colorado Oil and Gas conservation Commission a declaration of pooling, or declaration of
termination of pooling, and by mailing or tendering a copy to Lessor,. Drilling or reworking
operations upon or production from any part of such spacing unit shall be considered for all
purposes of this lease as operations or productions from this lease. Lessee shall allocate to this
lease the proportionate share of production which the acreage in this lease included in any such
spacing unit bears to the total acreage in said spacing unit.
14. UNITIZATION—COMMUNITIZATION: In the event Lessor permits the land herein leased to be
included within a communitization or unitization agreement, the terms of this lease may be
deemed to be modified to conform to such agreement. When only a portion of the land under this
lease is committed by an agreement, Lessor may segregate the land and issue a separate lease
for each portion not committed thereunder; the term of such separate lease shall be limited as to
the original term of this lease. The terms of the lease on that portion remaining in the unit shall
be deemed to be modified to conform to such agreement. Non-producing leases shall terminate
on the first anniversary date of the lease following the termination date of the unit or part thereof
modifying the lease, but in no event prior to the end of the primary term of the lease or the
extension term of the lease.
15. PRODUCTION: Lessee shall, subject to applicable laws, regulations and orders, operate and
produce all wells upon the leased land so long as the same are capable of producing in paying
quantities, and shall operate the same so as to produce at a rate commensurate with the rate of
production of wells on adjoining lands within the same field and within the limits of good
engineering practice, except for such times as there exist neither market nor storage therefore,
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and except for such limitations on, or suspensions of, production as may be approved in writing
by Lessor. Lessee shall be responsible for adequate site security on all producing properties.
16. SHUT-IN WELLS: If Lessee shall complete a well on the leased land productive of gas and
Lessee is unable to produce such gas due to a lack of suitable market therefore, Lessor may
grant Lessee suspension of his obligations to produce hereunder until a suitable market for such
gas can be found, and during any such suspension period, it shall be deemed that gas is being
produced hereunder in paying quantities. Except, however, that beginning on the anniversary
date next, of the year of an extension of the lease by reason of a shut-in well, Lessee shall pay to
Lessor a shut-in royalty equal to $2.50 per acre of the lease per annum. The minimum amount of
such shut-in royalty payment shall be $240. Each year's shut-in royalty shall be forfeited to
Lessor except for the shut-in royalty paid for the year during which the well begins production.
The maximum extension of the lease, due to the existence of a shut-in well, shall be five (5) years
beyond the extension term as described in the EXTENSION paragraph herein. The granting of
any further extensions shall be at the sole option of Lessor.
17. OPERATIONS: Exploration, drilling or production operation, including permanent installations,
shall be in compliance with all Colorado Oil and Gas Conservation Commission and State of
Colorado Regulations. Reports required to be filed with the Colorado Oil and Gas Conservation
Commission shall be made immediately available to Lessor upon request.
18. NOTIFICATION: Lessee shall notify Lessor and the surface lessee or surface owner of the
location of each drill site at least two weeks prior to commencing drilling operations thereon.
Lessee shall notify Lessor before commencing to plug and abandon any well by copy of Lessee's
request for approval or sundry notice of intent to plug and abandon.
19. BONDS: Lessee shall be liable for all damages to the surface of the land, livestock, growing
crops, water wells, reservoirs, or improvements caused by Lessee's operations on said land. No
operations shall be commenced on the land hereinabove described unless and until Lessee shall
have filed a good and sufficient bond with Lessor, in an amount to be fixed by Lessor, to secure
the payment for such damages as may be caused by Lessee's operations on said land and to
assure compliance with all the terms and provisions of this lease, the laws of the State of
Colorado, and the rules and regulations thereto appertaining. A bond may be held in effect for
the life of production of any well.
20. SETTLEMENT: Lessee shall not remove any machinery, equipment or fixtures placed on said
land, other than drilling equipment, nor draw the casing from any well unless and until all
payments and obligations currently due Lessor under the terms of this lease shall have been paid
or satisfied. Any machinery, equipment or fixtures left on this land for a period of more than
six(6) months after the expiration hereof, shall automatically become the property of Lessor.
21. OTHER DISCOVERY: Should Lessee discover any valuable products other than oil and gas, on
or within the leased land, Lessee shall within seven (7) days report such discovery to Lessor, in
which event Lessee and Lessor may negotiate a provision for production of such discovery.
22. WATER: This lease does not grant permission, express or implied, to Lessee for water
exploration, drilling, or establishing water wells without the written permission of the surface
owner. If Lessor is the surface owner, said permission shall not be unreasonably withheld. If
Lessee desires to establish or adjudicate any water right for beneficial use on the leased land,
any such adjudication or application shall be in the name of Lessor if Lessor is the surface owner.
The same shall apply to any non-tributary water rights established on the leased land which may
be put to beneficial use off said land.
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Carly Koppes, Clerk and Recorder. Weld County. CO
■III RIVE tifOIIIIIM 11111 (Revised 06/2014)
Small-Tract Oil and Gas Lease
Page 9
23. DEFAULT: Upon failure or default of Lessee to comply with any of the terms and provisions
hereof including, but not limited to, the failure to comply with laws, rules and regulations
governing Colorado oil and gas operations, Lessor is hereby authorized upon notice and hearing,
as hereinafter provided, to cancel this lease as to all of the leased land so claimed or possessed
by lessee hereunder. In the event of any such default or failure, Lessor shall, before making any
such cancellation, send to Lessee by certified mail, to the post office address of said lessee as
shown by the records of Lessor, a notice of intention to cancel for such failure or default,
specifying the same, stating that if within forty-five (45) days from the date of mailing said notice,
Lessee shall correct such failure or default, no cancellation will be made. If such failure or default
is not corrected within forty-five (45) days after the mailing of such notice, and if Lessee does not
request a hearing on such notice within forty-five (45) days, this lease will terminate and be
canceled by operation of this paragraph without further action by Lessor, or further notice to
Lessee.
24. EXTENSION: If Lessee fails 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 for an extension of this
lease. The granting of such extension shall be at the sole option of Lessor, according to the
following conditions:
A. Extension Limit: No lease term will be extended for more than six (6) months from the
original expiration date.
B. Extension Payment: The Lessee shall pay to the Lessor the sum of one-third of the original
bonus.
C. No Change in Royalty: The royalty will remain the same.
25. HOLD HARMLESS: Lessee shall indemnify Lessor against all liability and loss, and against all
claims and actions, including the defense of such claims or actions, based upon, or arising out of,
damage or injury, including death, to persons or property caused by, or sustained in connection
with, operations on this leased land or by conditions created thereby, or based upon any violation
of any statute, ordinance, or regulation.
26. CONDEMNATION: If the leased land shall be taken in any condemnation proceeding, this lease
shall automatically terminate as of the date of taking. The award for such condemnation shall be
paid to Lessor, except for any specific award(s) paid to Lessee for severed oil and gas reserves,
in which event 50% of such specific award(s) shall be paid to Lessor in lieu of royalty lost by
virtue of the condemnation. Improvements shall be removed by Lessee per terms in the
SETTLEMENT paragraph herein. If only a portion of the leased land is taken by condemnation,
Lessor may, at its option, terminate this lease or terminate only that portion of the lease so taken.
27. ERRORS: Every effort is made by Lessor to avoid errors in all procedures including, but not
limited to, auction listings and lease preparation. Lessor shall not be liable for any inconvenience
or loss caused by errors which may occur. Lessee shall notify Lessor immediately upon
discovery of any errors or discrepancy whatsoever.
28. ARCHAEOLOGY: Lessee shall not destroy, disturb, mar, collect, remove or alter any prehistoric
or historic resources of any kind on Weld County lands as provided by law. These resources
include, but are not limited to, all artifacts of stone, wood or metal, pictographs, structures, and
bones. A discovery of anything of prehistoric or historic nature shall be reported to Lessor or the
State of Colorado Archaeologist immediately.
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Carly Koppes, Clerk and Recorder, Weld County, CO
■III NI�JIL'�ti14,J��,�t.«I�:ILY�I�YIIti,Uli�,��4■ FJJ�I Ylvt OHM I (Revised 06/2014)
Small-Tract Oil and Gas Lease
Page 10
29. DEFINITIONS: For purposes of this Lease, the following definitions apply:
A. Products"refers to any and all substances produced on the leased property, including all oil
and gas,found on or under the leased property.
B. "Market Value"shall mean for gas and products therefrom (i) the gross price at which gas or
products therefrom are sold pursuant to a Gas Contract, as defined in paragraph 2C, or (ii) if
not sold pursuant to a Gas Contract, as defined in paragraph 2C, the highest gross price
reasonably obtainable for the quantity of gas or products available for sale, through good faith
negotiations for gas or products produced from the Leased Premises at the place where such
gas or product is available for sale on the date of such a contract with adequate provisions for
redetermination of price at intervals of no less frequency than two (2)years to ensure that the
production is being sold for no less than the current market price. Included within the
definition of "Market Value" as used herein is the presumption that Gas Contracts are
arms-length contracts with purchasers who are not subsidiaries or affiliates of Lessee.
"Market Value" shall never be less than the amount actually received by the Lessee for the
sale of hydrocarbons.
C. "Affiliate" is defined as the parent company or a subsidiary of Lessee, a corporation or other
entity having common ownership with Lessee, a partner or joint venturer of Lessee with
respect to the ownership or operation of the processing plant, a corporation or other entity in
which Lessee owns a ten percent or greater interest, or any individual, corporation or other
entity that owns a ten percent or greater interest in Lessee.
D. "Costs" and/or "Expenses" shall mean all costs of gathering, production, transportation,
treating, compression, dehydration, processing, marketing, trucking or other expense, directly
or indirectly incurred by Lessee, whether as a direct charge or a reduced price or otherwise,
including fuel use attributable to any of the services listed above. "Costs° or"Expenses° also
include depreciation, construction, repair, renovation or operation of any pipeline, plant, or
other facilities or equipment used in connection with the treating, separation, extraction,
gathering, processing, refining, transporting, manufacturing or marketing of hydrocarbons
produced from the Leased Premises or lands pooled therewith.
E. "Gas"as used herein shall mean all gases (combustible and noncombustible) including, but
not limited to, all gaseous hydrocarbons, gaseous compounds, carbon dioxide, and helium.
F. "Oil and gas"as used herein shall include all substances produced as by-products therewith,
including, but not limited to, sulfur.
G. "Paying quantities" as used herein shall mean and refer to quantities of oil and gas or of
either of them sufficient to pay for the current cost of producing same.
30. HEIRS AND ASSIGNS: The benefits and obligations of this lease shall inure to, and be binding
upon, the heirs, legal representatives, successors or assigns of Lessee; but no sublease or
assignment hereof, or of any interest herein, shall be binding upon Lessor until the same has
been approved by Lessor as explained in the ASSIGNMENTS paragraph provided above.
31. WARRANTY OF TITLE: Lessor does not warrant title to the leased premises, but it shall, upon
request, allow Lessee access to such abstracts and other title papers as it has in its files. There
shall be no obligation on Lessor's part to purchase new or supplemental or other title papers, nor
to do any curative work in connection with title to the subject lands.
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Carly Kcppes. Clerk and Recorder, Weld County, C0
■IIIMIr11L Mid 11111 (Revised 06/2014)
Small-Tract Oil and Gas Lease
Page 11
32. FORCE MAJEURE: Neither party shall be responsible for delays or failures in performance
resulting from acts or occurrences beyond the reasonable control of such party, including, without
limitation: fire, explosion, power failure, flood, earthquake or other act of God; war, revolution, civil
commotion, terrorism, or acts of public enemies; any law, order, regulation, ordinance, or
requirement of any government or legal body or any representative of any such government or
legal body; or labor unrest, including without limitation, strikes, slowdowns, picketing or boycotts.
In such event, the party affected shall be excused from such performance (other than any
obligation to pay money) on a day-to-day basis to the extent of such interference (and the other
party shall likewise be excused from performance of its obligations on a day-to-day basis to the
extent such party's obligations relate to the performance so interfered with).
33. SURVEYS, ABSTRACTS, TITLE OPINIONS AND CURATIVE WORK:
A. If Lessee shall cause any of the exterior or interior lines of the property covered by this lease
to be surveyed, Lessee shall furnish Lessor a copy of such survey. Lessee shall furnish
Lessor, within a reasonable time, with a copy of all maps submitted to the Corps of Engineers
of the United States Army, Railroad, or other governmental or official agency or department
having jurisdiction, showing the proposed location of all roads, pipelines, canals and drill sites
on the Leased Premises.
B. All abstracts of title, whether new or supplementary, obtained by Lessee and covering the
subject lands shall become the property of, and be delivered to, Lessor after Lessee has
completed its title examination and curative work, subject, however, to the right of Lessee to
use such abstracts upon request at any time during the term of the lease. Therefore, if
Lessee causes an abstract of title to be prepared covering the property herein leased, or any
portion thereof or if Lessee shall cause the title to be examined or should obtain a title opinion
or title certificate upon the property herein leased, Lessee agrees to furnish Lessor a copy
thereof within two (2) weeks of Lessee's receipt thereof. Lessor agrees that neither Lessee
nor the attorney or firm of attorneys rendering the opinion or certificate shall be responsible to
Lessor for its correctness, the said opinion or certificate being furnished to Lessor simply for
its own convenience, information and personal use. Similarly, if any curative material is
obtained by Lessee, a copy thereof shall immediately be furnished Lessor under the same
conditions of non-liability on the part of the Lessee or the persons who may have obtained or
prepared the same.
IN WITNESS WHEREOF, Lessor has hereunto signed and caused its name to be signed by the
CHAIR, BOARD OF COUNTY COM � RS OF THE COUNTY OF WELD, with the seal of the
office affixed, and Lessee has sig''IeQ? t,1 T , the day and year first above written.
LESSOR:
�t.F1s�F
ATTEST: �"""
,C"W � BOARD OF COUNTY COMMISSIONERS
V � 1, 5 • �
Weld •u ty lerk to the Bo I WELD COUNTY, COLORADO
By: By: 5 1^-t"'w'LtFr- -
Deputy Cler1to th- =oard es Board of County Commissioners. Pro-Tem
Mike Freeman FEB 1 8 2015
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Carly Koppea Clerk and Recorder, Weld County, CO -�
Ell�1� ��s IMd�wlr ih,ylt�,k�ta;+�rlfl,�� Ii iii O /5 CJL-t(Revised 06/2014)
Small-Tract Oil and Gas Lease
Page 12
LESSEE:
Land Energy, Inc.
Company Name -Fri-----
Signature
Lane M. Jungers, President
Printed Name and Title
STATE OF (olocQd'0 )
COUNTY OF �l/f'.1'1Ve,>/ )) ss 04
The foregoing instrument was acknowledged before me this a day of ,bil-f ,
20 /-1, by (ant 44. ILl,✓1(�PI�S .
HALEY MARIE HANSOM
Witness my hand and official seal. (J
NOTARY PUBLIC
STATE OF COLORADO
a NOTARY ID 20144016881
of u i n MYCCWMSSSION EXPIRES APRIL21,2018
My Commission Expires:�/Jl/ o� ( /
Clf4 /
LESSEE: (second signature if applicable)
Company Name
Signature
Printed Name and Title
STATE OF )
) ss
COUNTY OF )
The foregoing instrument was acknowledged before me this day of
20 , by
Witness my hand and official seal.
Notary Public
My Commission Expires:
4085077 Pages: 12 of 13
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Carly Koppes, Clerk and Recorder. Weld County, CO (Revised 06/2014)
Ellfirjl,��L6'rikillOWPa't,hi'Si��IOL!!46P�FIIIi�S�Ylvi Ell!
Small-Tract Oil and Gas Lease
Page 13
"EXHIBIT A"
Township 6 North, Range 66 West, 6th P.M.
Section 25: All that part of the SW%SE'I4 of Section 25-T6N-R66W, 6th P.M. lying South of County
Road 64, being more particularly described as: Beginning at the Northwest Corner of the
Spanish Colony, thence North 0°20'07" East, 128.00 feet to a point in the South line of
County Road 64; thence along the South line of County Road 64 North 85°35'25"West,
758.93 feet; thence South 0°20'19"West, 195.72 feet; thence North 89°17'28" East,
757.15 feet to the point of beginning. Containing 2.813 acres, more or less
County of Weld, State of Colorado
and containing 2.813 acres, more or less.
4085077 Pages: 13 of 13
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Carly Koppes Clerk and Recordorderr, Weld County, CO
lc In!
C:\Users\kford\AppData\Local\Microsoft\Windows\Temporary Internet
Files\Content.Outlook\TBPT5DBY FOLease_SmallTract2014-Clean (2).docx
(Revised 05/2014)
■
,41\
LAND ENERGY, INC.
1615 California Street,Suite 702,Denver,Colorado 80202
T: 303-825-5263 I F: 303-825-6629 I lane@landenergyinc.com
Jarman/3o'2o15 RECEIVED
Weld County,Colorado
Attn: Karla Ford FEB 0 3 2015
1150 O St.
P.O.Box 758 WELD COUNTY
Greeley,CO 80632 COMMISSIONERS
Re: Oil and Gas Lease covering lands in:
Township 6 North, Range 66 West,6th P.M.
Section 25: All that part of the SW%.SE'/ of Section 25-T6N-R66W, 6th P.M. lying South of County Road
64, being more particularly described as: Beginning at the Northwest Corner of the Spanish
Colony, thence North 0'20'07" East, 128.00 feet to a point in the South line of County Road
64; thence along the South line of County Road 64 North 85°35'25" West, 758.93 feet; thence
South 0°20'19" West, 195.72 feet; thence North 89'17'28" East, 757.15 feet to the point of
beginning.Containing 2.813 acres,more or less
County of Weld, State of Colorado
Net Acres: 2.813000
Gross Acres: 2.813000
Dear Karla Ford,
Please find enclosed for your review the following:
I. Land Energy,Inc.Check#4076 in the amount of$3,375.60($1,200.00 x 2.813=$3,375.60)
2. Original Executed Small Tract Oil and Gas Lease
3. Copy of Title Opinion
After reviewing, please have the appropriate parties execute the Oil and Gas Lease by signing where indicated. Once
executed, please have the original document recorded and returned to Land Energy, Inc. at the address above. Please
advise if you would prefer for Land Energy, Inc. to cover recording costs as we would be pleased to do so. The
additional document is for your records in support of title.
If you have any questions at all,please do not hesitate to call Walt Gass at(303)619-4287. Thank you for your time
and consideration in this matter.
Sincerely,
LAND ENERGY, INC.
SamsSarah Korner
Land Assistant
2006/sk
JUDITH M. MILLINGTON, LLC
ATTORNEY AT LAW
P.O.Box 1308
PLMTEVILLE,COLORADO 80651
FACSIMILE: 888-644-2172 PHONE: 303-956-4722 E-MAIL: millington@what-wire.com
March 18,2014
Ms. Allyson Vistica
Extraction Oil& Gas LLC
1888 Sherman Street, Suite 500
Denver, CO 80203
RE: Hiner Wells
Township 6 North. Range 66 West,6th PM
Section 25: S/2S/2
Section 36: N/2, N/2S/2
Weld County,Colorado
DRILLING AND DIVISION ORDER TITLE OPINION
At your request, I have prepared this Drilling and Division Order Title Opinion covering the
following lands. Based upon the materials examined,I have determined that the current ownership
of the oil and gas mineral and leasehold estates covering the following lands and the oil and gas
production in and from the following lands, effective as November 4, 2013, at 7:00 a.m. (the
"effective date")is as specified hereafter, subject to the exceptions, comments and requirements
that follow. All recording references are to the records of the Weld County Clerk and Recorder.
I. Land Description:
Township 6 North. Range 66 West.6th PM
Section 25: S/2S/2
Section 36:N/2,N/2S/2
Containing 640.00 acres, more or less
Weld County, Colorado
hereinafter referred to as"Captioned Lands"and also referred to as:
Tract 1-25
Township 6 North, Range 66 West,6th PM
Section 25: SE/4SE/4 less and except Tracts 2-25 and 3-25 below
Containing 38.18 acres, more or less
Extraction Oil&Gas LLC
Hiner Wells
March 18,2014
Page 2 of 418
Tract 2-25
Township 6 North. Range 66 West, 6th PM
Section 25: A triangular tract or parcel of land situated in the Southwest corner of the
SE/4SE/4 of Section 25-T6N-R66W,6th PM,being all that part of the said SE/4SE/4,lying
southerly of a line drawn fifty feet northerly of and parallel to the center line of the Denver,
Laramie and Northwestern Railroad crossing the SE/4SE/4;said parcel of land being more
( fully described by metes and bounds as follows: Beginning at the Southwest corner of said
SE/4SE/4;thence North along the west line thereof seventy-seven and four tenths feet to a
point which is fifty feet northerly of, when measured at right angles to, said center line;
thence South 84°56' east, fifty feet from and parallel to said center line ten hundred and
twenty-two feet to a point of the South line of said SE/4SE/4;thence West on the south line
thereof,ten hundred and twenty feet to the place of beginning.
Containing 0.91 acres,more or less
Tract 3-25
Township 6 North,Range 66 West,6th PM
Section 25: A strip of land 60' wide lying Northerly of and adjacent to a line drawn 50'
Northerly of and parallel to the center line of the Denver, Laramie and Northwestern
Railroad crossing the SE/4SE/4 of Section 25-T6N-R66W, 6th PM, said strip of land
beginning on the Westerly line of said SE/4SE/4 and running Easterly to the Northwesterly
line of the county road,as the same now crosses the above described property.
Containing 0.91 acres, more or less
Tract 4-25
Township 6 North.Range 66 West,6th PM
Section 25: SW/4SE/4, less and except Tracts 5-25 through 9-25 below
Containing 30.97 acres, more or less
Tract 5-25a
Township 6 North.Range 66 West.6th PM
Section 25: Section 25: A strip of land situate in the Southerly portion of the SW/4SE/4 of
Section 25, being more fully described by metes and bounds as follows: Beginning at the
Southeast Corner of said SW/4SE/4 of Section 25;thence West along the South line thereof,
300.3 feet to a point which is 50 feet Southerly when measured at right angles to the center
line of the Denver,Laramie and Northwestern Railroad; thence North 84°56'West, 50 feet
from and parallel to said center line,957.8 feet to a point on the West line of said SW/4SE/4
of Section 25; thence North along said West line, 100.6 feet to a point which is 50 feet
Northerly of,when measured at right angles to said center line;thence South 84°56'East 50
feet from and parallel to said centerline, 1262.0 feet to a point on the East line of said
Extraction Oil&Gas LLC
Hiner Wells
March 18,2014
Page 3 of 418
SW/4SE/4 of Section 25;thence South along said East line 77.4 feet to the place ofbeginning.
Containing 2.84 acres,more or less
Tract 5-25b
Township 6 North, Range 66 West,6th PM
Section 25:A strip of land 60 feet wide lying northerly of and adjacent to a line drawn fifty
feet northerly of and parallel to the center line of the Denver Laramie and Northwestern
Railroad crossing the SW/4SE/4 of Section 25-T6N-R66W, 6th PM. Said strip of land
beginning on the easterly line of said SW/4SE/4 and running westerly to the northeasterly
line of the County road.
Containing 1.65 acres, more or less
Tract 6-25
Township 6 North. Range 66 West,6th PM
�
� Section 25: All that part of the SW/4SE/4 of Section 25-T6N-R66W, 6th PM lying on the
Southerly side of the South boundary line of the right of way of the Denver Laramie and
VX1O Northwestern Railroad Company and Westerly of a line drawn to run Northward and parallel
with the West line of said SW/4SE/4,which Northward line begins at a point 380 feet east
of the SW corner of said tract upon the South line thereof and runs North to the point of
intersection with said South boundary of the right of way line. Containing 0.48 acres,more
or less.
AND
Section 25:All that part of the SW/4SE/4 of Section 25-T6N-R66W,6th PM lying South of
County Road 64,being more particularly described as: Beginning at the Northwest Corner
of the Spanish Colony, thence North 0°20'07"East, 128.00 feet to a point in the South line
of County Road 64;thence along the South line of County Road 64 North 85°35'25" West,
758.93 feet;thence South 0°20'19"West, 195.72 feet;thence North 89°17'28" East,757.15
feet to the point of beginning. Containing 2.813 acres, more or less
Containing 3.29 acres, more or less
Tract 7-25
Township 6 North. Range 66 West,6th PM
Section 25:A tract of land located in the SW/4SE/4 of Section 25 and NW/4NE/4 of Section
36-T6N-R66W,6th PM,more fully described as:Commencing at the North Quarter Corner
of Section 36-T6N-R66W,6th PM,and considering the North line of said Section 36 to bear
South 89°17'47" East and with all other bearing contained herein being relative thereto;
thence North 78°58'15" East, 733.80 feet to a point 128.88 feet North of the Northwest
Corner of Espanola Subdivision,said point being the true point of beginning;thence South
85°17'53" East a distance of 87.75 feet;thence South 00°19'53" West a distance of 121.32
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Hiner Wells
March 18, 2014
Page 4of418
feet; thence North 89°39'53" West a distance of 87.50; thence North 00°20'07" East a
distance of 128.00 feet to the point of beginning.
Containing 0.25 acres, more or less
Tract 8-25
Township 6 North,Range 66 West,6th PM
Section 25:A tract of land located in the SW/4SE/4 of Section 25 and NW/4NE/4 of Section
36-T6N-R66W,6th PM,more fully described as:Commencing at the North Quarter Corner
of Section 36-T6N-R66W,6th PM,and considering the North line of said Section 36 to bear
South 89°17'47" East and with all other bearing contained herein being relative thereto;
thence North 78°58'15" East, 733.80 feet;thence South 85°17'53" East a distance of 87.75
{ feet to a point which is the true point of beginning;thence South 85°17'53" East a distance
of 110.32 feet; thence South 00°19'58" West a distance of 112.92 feet; thence North
89°39'53"West a distance of 110.00;thence North 00°19'59"East a distance of 121.32 feet
{ to the point of beginning.
Containing 0.30 acres, more or less
Tract 9-25
Township 6 North.Range 66 West.6th PM
Section 25:A tract of land located in the SW/4SE/4 of Section 25 and NW/4NE/4 of Section
36-T6N-R66W,6th PM,more fully described as:Commencing at the North Quarter Corner
of Section 36-T6N-R66W,6th PM,and considering the North line of said Section 36 to bear
South 89°17'47" East and with all other bearing contained herein being relative thereto;
thence North 78°58'15"East,733.80 feet;thence South 85°17'53"East a distance of 198.07
feet to a point which is the true point of beginning;thence South 85°17'53" East a distance
of 255.43 feet;thence South 51°34'28"East a distance of 41.75 feet;thence South 00°20'07"
West a distance of 85.00 feet; thence North 85°17'53" West a distance of 227.00; thence
North 89°39'53" West a distance of 61.20 feet; thence North 00°19'58" East a distance of
112.92 feet to the point of beginning.
Containing 0.70 acres, more or less
Tract 10-25
Township 6 North, Range 66 West,6th PM
Section 25: SE/4SW/4 less and except Tracts 11-25 through 14-25 below.
Containing 25.15 acres,more or less
Tract 11-25
Township 6 North. Range 66 West.6th PM
Section 25: A tract of land in the S/2SE/4SW/4 South of County Road 64, described as
follows: Beginning at the South Quarter corner of Sec. 25 thence West 1215 feet; thence
Extraction Oil&Gas LLC
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March 18,2014
Page 5of418
North 505 feet; thence Southeasterly along the railroad right of way of County Road 64,
1271 feet; thence South 194 feet to the point of beginning,except the East 50 feet.
Containing 8.94 acres,more or less
Tract 12-25
Township 6 North. Range 66 West.6th PM
Section 25: Lots A and B of Recorded Exemption No. 0805-25-3 RE-4865 recorded at
Reception No. 3599465,being a part of the E/2SW/4
Containing 2.66 acres, more or less
Tract 13-25
Township 6 North. Range 66 West.6th PM
Section 25:That part of the following described lands lying in the SE/4SW/4 of Section 25-
T6N-R66W,6th PM: A strip of land 200 feet in width over and across the SW/4 of Section
25 being more fully described as follows: Beginning at a point on the West line of said
Section 25, 819.3 feet North of the Southwest corner thereof; thence Southeasterly on a
curve to the left with a radius of 2864.93 feet;thence South 84°56" East 1016.2 feet,more
or less to a point on the East line of said SW/4 of said Section 25, 121.7 feet,more or less,
North of the Southeast corner thereof, a total distance of 2736.8 feet.
Containing 3.14 acres,more or less
Tract 14-25
Township 6 North.Range 66 West. 6th PM
Section 25: All that part of the SE/4SW/4 described as follows:Beginning at the Southeast
corner of said section;thence North to the County road right of way;thence West 50 feet on
the South right of way line;thence South to the South line of the SE/4SW/4;thence East to
the point of beginning.
Containing .11 acres,more or less
Tract 15-25
Township 6 North,Range 66 West,6th PM
Section 25: SW/4SW/4 less and except Tracts 16-25 and 17-25
Containing 15.85 acres,more or less
Tract 16-25
Township 6 North,Range 66 West,6th PM
Section 25: Lot B of Recorded Exemption No. 0805-25-3 RE-3074 recorded at Reception
No.2867578,being a part of the SW/4SW/4
Containing 21.01 acres, more or less
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Tract 17-25
Township 6 North. Range 66 West,6th PM
Section 25:That part of the following described lands lying in the SW/4SW/4 of Section 25-
T6N-R66W,6th PM: A strip of land 200 feet in width over and across the SW/4 of Section
25 being more fully described as follows: Beginning at a point on the West line of said
Section 25, 819.3 feet North of the Southwest corner thereof; thence Southeasterly on a
curve to the left with a radius of 2864.93 feet; thence South 84°56" East 1016.2 feet,more
or less to a point on the East line of said SW/4 of said Section 25, 121.7 feet,more or less,
North of the Southeast corner thereof,a total distance of 2736.8 feet.
Containing 3.14 acres, more or less
Tract 18-36
Township 6 North,Range 66 West.6th PM
Section 36: NE/4NE/4 less and except Tract 19-36
Containing 37.5 acres, more or less
Tract 19-36
Township 6 North.Range 66 West,6th PM
Section 36: That portion of the following described tract of land lying in the NE/4NE/4 of
said Section 36 described as follows: Beginning at the NW Corner of the SE/4SE/4 of
Section 36; thence North 00°35'00" West a distance of 2397.22 feet to the True Point of
Beginning; thence continuing North 00°35'00" West a distance of 512 feet; thence South
57°23'09" East a distance of 455.60 feet; thence South 61°56'10" East a distance of 261.17
feet;thence South 89°08'00" West a distance of 949.40 feet,more or less to the True Point
of Beginning.
Containing 2.5 acres,more or less
Tract 20-36
Township 6 North, Range 66 West, 6th PM
Section 36: Espanola Subdivision located in the NW/4NE/4 of Section 36
Containing 7.43 acres, more or less
Tract 21-36
Township 6 North. Range 66 West,6th PM
Section 36: That part of the NW/4NE/4 of Section 36,described as follows: Beginning at
a point on the North line of the NW/4NE/4 of said Section 36, 757.5 feet East of the
Northwest Corner of the said NW/4NE/4;thence running South 664 feet to a point;thence
running West to the West line of the said NW/4NE/4;thence running North on the West line
of said NW/4NE/4 664 feet more or less to the Northwest Corner of the NW/4NE/4;thence
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East 757.5 feet along the North line of said NW/4NE/4 to the point of beginning.
Containing 11.54 acres, more or less
Tract 22-36
Township 6 North. Range 66 West. 6th PM
Section 36:A tract of land located in the NE/4 of Section 36,more particularly described as
follows: Commencing at the Northwest Corner of the SE/4SE/4 of Section 36; thence N
00°35'00"W 3321.43 feet; thence S 89°25'00" W 50.50 feet to a point of the centerline of
the existing county road,said point being the True Point of Beginning;thence S 07°59'00"
W 108.74 feet;thence S 10°22'20"W 189.18 feet along the centerline of the existing county
road;thence Westerly along the arc of a curve concave Southerly 549.05 feet to a point of
tangency,said arc of curve having a radius of 750.00 feet,an interior angle of 41°56'41"and
a chord bearing N 62°01'40" W, 536.87 feet;thence N 83°00'00"W 213.00 feet;thence S
85°00'00" W 328.00 feet; thence N 55°00'00" West 213.00 feet; thence S 85°00'00" W
328.00 feet; thence N 55°00'00" W 150.00 feet to a point on the North line of the tract of
land described in Book 403 at Reception No. 1426296 of the records of said Weld County,
Colorado,thence Easterly along the Northerly lines of said Tract described in Book 503 at
Reception No. 1426296,S 89°15'00"E 663.00 feet to the Southwest Corner of the Espanola
Subdivision;thence S 89°05'00" E 485.27 feet along the South boundary to the Southeast
Corner of the Espanola Subdivision; thence N 89°23'00" E 37.28 feet to the True Point of
Beginning.
Containing 11.54 acres,more or less
Tract 23-36
Township 6 North. Range 66 West. 6th PM
Section 36: That portion of Tract B, Poudre Ponds Minor Subdivision lying within the
NW/4NE/4 of Section 36 according to the plat recorded at Reception No. 3848721 of the
records of Weld County,Colorado
Containing 2.0 acres,more or less
Tract 24-36
Township 6 North. Range 66 West.6th PM
Section 36: That portion of Tract C Poudre Ponds Minor Subdivision lying within the
NW/4NE/4 of Section 36 according to the plat recorded at Reception No. 3848721 of the
records of Weld County,Colorado
Containing 14.86 acres, more or less
Tract 25-36
Township 6 North. Range ¢6 West.6th PM
Section 36: That portion of the following tract of land lying in the NW/4NE/4 of Section 36
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described as follows:Commencing at the NW Corner of the SE/4SE/4 of Section 36:thence
N 00°35'00" W 1331.82 feet to the True Point of Beginning; thence S 88°40'30" W 44.23
feet to a point on the centerline of the existing county road; thence N 04°55'30" W 421.79
feet; thence N 06°35'00" W 377.98 feet; thence N 05°27'20" W 345.67 feet; thence N
03°50'00"W 118.89 feet;thence N 00°30'30"E 133.38 feet;thence N 06°01'00"East 132.68
feet;thence N 09°13'00"E 98.60 feet;thence N 10°22'20"E 265.58 feet;thence N 07°59'00"
E 108.74 feet, all along the centerline of the existing county road; thence N 89°25'00" E
50.50 feet; thence S 00°35'00" E 1989.61 feet to the True Point of Beginning and
EXCEPTING Tract 26-36.
Containing 1.0 acre,more or less
Tract 26-36
Township 6 North, Range 66 West,6th PM
Section 36: A tract of land in the NW/4NE/4 of Section 36 described as follows: Beginning
at the NW Corner of the SE/4SE/4 of Said Section 36;thence N 00°35'00" W a distance of
2909.22 feet to the True Point of Beginning;thence N 55°15'58"W a distance of 102.52 feet;
thence N 10°22'20" E a distance of 244.79 feet;thence N 07°59'00" E a distance of 113.88
feet;thence N 89°25'00" E 20.17 feet; thence South 00°35'00" E a distance of 412.21 feet
to the True Point of Beginning.
Containing 0.46 acres,more or less
Tract 27-36
Township 6 North.Range 66 West,6th PM
Section 36: That portion of Tract A, Poudre Ponds Minor Subdivision lying within the
NE/4NW/4 of Section 36 according to the plat recorded at Reception No. 3848721 of the
records of Weld County,Colorado
Containing 27.55 acres, more or less
Tract 28-36
Township 6 North,Range 66 West.6th PM
Section 36: That portion of Tract B, Poudre Ponds Minor Subdivision lying within the
NE/4NW/4 of Section 36 according to the plat recorded at Reception No. 3848721 of the
records of Weld County, Colorado
Containing 12.45 acres, more or less
Tract 29-36
Township 6 North,Range 66 West,6th PM
Section 36: Lot A of Recorded Exemption No. 0805-25-3 RE-3074, recorded on June 20,
2011 at Reception No. 2867578,being a part of the NW/4NW/4 of Section 36
Containing 14.92 acres, more or less
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Tract 30-36
Township 6 North, Range 66 West, 6th PM
Section 36: That portion of Tract A, Poudre Ponds Minor Subdivision lying within the
NW/4NW/4 of Section 36 according to the plat recorded at Reception No. 3848721 of the
records of Weld County, Colorado
Containing 14.56 acres, more or less
Tract 31-36
Township 6 North,Range 66 West,6th PM
Section 36: That portion of Tract B, Poudre Ponds Minor Subdivision lying within the
NE/4NW/4 of Section 36 according to the plat recorded at Reception No. 3848721 of the
records of Weld County, Colorado
Containing 10.52 acres, more or less
Tract 32-36
Township 6 North, Range 66 West, 6th PM
Section 36: SE/4NE/4 Excepting therefrom a parcel of land conveyed to L.K. Lee by deed
recorded April 22, 1960,in Book 1556 at Page 347. ALSO Excepting therefrom a parcel of
land conveyed to Harold H. Short and James G. Milne by deed recorded April 5, 1968, in
Book 593 at Reception No. 1515004.
Containing 10.00 acres, more or less
Tract 33-36
Township 6 North, Range 66 West,6th PM
Section 36: That portion of the following described tract land lying in the SE/4NE/4 of
Section 36 described as follows: Beginning at the SW Corner of the E/2NE/4 of Section 36;
thence East 2868.11 feet; thence N 37°21' W 266.77 feet; thence N 25°11'W 115.35 feet;
thence N 35°33'W 66.30 feet;thence N 54°23'W 32.76 feet;thence N 76°05'30" W 42.97
feet; thence N 51°521 W 115.17 feet; thence N 67°30' W 128.35 feet; thence N 77°14' W
71.82 feet; thence S 77°34'30" W 62.33 feet; thence S 88°03'20" W 46.31 feet; thence S
62°42'W 73.40 feet;thence S 66°26'30"W 152.25 feet;thence S 78°45'30"W 471.35 feet;
thence S 70°05'30" W 406.68 feet; thence N 00°41'30" E 25.66 feet; thence N 38°23' W
229.30 feet; thence N 17°26'30" E 188.83 feet; thence N 10°32' E 111.65 feet; thence N
02°56'30"W 170.67 feet;thence N 18°12'30"W 157.60 feet;thence N 40°56'W 80.82 feet;
thence S 89°08' W 949.40 feet;thence S 00°35'E 1058.38 feet to the Point of Beginning.
EXCEPTING THEREFROM the following described tract of land:Commencing at the SW
corner of the E/2NE/4 of Section 36;thence N 89°39'10"E along the South line of the NE/4
of Section 36 a distance of 898.70 feet to a point on the westerly bank of the Cache La
Poudre River, said point being the True Point of Beginning; thence northerly along the
westerly bank of the Cache La Poudre River by the following courses and distances; N
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22°52'30" W 207.45 feet; thence N 07°46'10" E 122.80 feet;thence N 23°23'30" E 157.18
feet;thence S 55°08'30" E 87.40 feet to a recovered iron pin on the east bank of the Cache
La Poudre River; thence S 38°31'50" E 228.32 feet to a recovered iron pin; thence S
00°44'30" W 25.50 feet to a recovered iron pin; thence N 70°02'30" E 407.12 feet to a
recovered iron pine; thence N 78°45'30" E 471.35 feet to a recovered iron pin; thence N
66°26'30" E 69.32 feet to a recovered iron pin on the North bank of the Cache La Poudre
River which lies on a northerly extension of the present river channel; thence S 33°08'50"
W along the centerline of the present river channel and its northerly extension 545.63 feet
to its intersection with the South Line of the NW/4 of Section 31-T6N-R66W, 6th PM;
thence S 89°39'10" West along the South line of said NW/4 and the NE/4 of Section 36,
822.21 feet to the True Point of Beginning.
Containing 26.63 acres, more or less.
Tract 34-36
Township 6 North,Range 66 West,6th PM
Section 36:That portion of the following tract of land lying in the SE/4NE/4 of Section 36
described as follows: Commencing at the SW corner of the E/2NE/4 of Section 36;thence
N 89°39'10"E along the South line of the NE/4 of Section 36 a distance of 898.70 feet to a
point on the westerly bank of the Cache La Poudre River,said point being the True Point of
Beginning; thence northerly along the westerly bank of the Cache La Poudre River by the
following courses and distances; N 22°52'30" W 207.45 feet;thence N 07°46'10"E 122.80
feet;thence N 23°23'30" E 157.18 feet;thence S 55°08'30"E 87.40 feet to a recovered iron
pin on the east bank of the Cache La Poudre River; thence S 38°31'50" E 228.32 feet to a
recovered iron pin; thence S 00°44'30" W 25.50 feet to a recovered iron pin; thence N
70°02'30" E 407.12 feet to a recovered iron pine; thence N 78°45'30" E 471.35 feet to a
recovered iron pin; thence N 66°26'30" E 69.32 feet to a recovered iron pin on the North
bank of the Cache La Poudre River which lies on a northerly extension of the present river
channel; thence S 33°08'50" W along the centerline of the present river channel and its
northerly extension 545.63 feet to its intersection with the South Line of the NW/4 of
Section 31-T6N-R66W,6th PM;thence S 89°39'l 0"West along the South line of said NW/4
and the NE/4 of Section 36, 822.21 feet to the True Point of Beginning.
Containing 3.37 acres, more or less
Tract 35-36
Township 6 North. Range 66 West.6th PM
Section 36: That portion of the following tract of land lying in the SW/4NE/4 of Section 36
described as follows:Commencing at the NW Corner of the SE/4SE/4 of Section 36:thence
N 00°35'00" W 1331.82 feet to the True Point of Beginning; thence S 88°40'30" W 44.23
feet to a point on the centerline of the existing county road; thence N 04°55'30" W 421.79
feet; thence N 06°35'00" W 377.98 feet; thence N 05°27'20" W 345.67 feet; thence N
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03°50'00" W 118.89 feet;thence N 0030'30"E 133.38 feet;thence N 06°01'00"East 132.68
feet;thence N 09°13'00"E 98.60 feet;thence N 10°22'20"E 265.58 feet;thence N 07°59'00"
E 108.74 feet, all along the centerline of the existing county road; thence N 89°25'00" E
50.50 feet;thence S 00°35'00" E 1989.61 feet to the True Point of Beginning.
Containing 3.63 acres, more or less
Tract 36-36
Township 6 North, Range 66 West.6th PM
Section 36:That part of Tract C and Tract D,Poudre Ponds Minor Subdivision lying within
the SW/4NE/4 of Section 36 according to the plat recorded at Reception No.3848721 of the
records of Weld County, Colorado
Containing 27.76 acres, more or less
Tract 37-36
Township 6 North,Range 66 West.6th PM
Section 36: That portion of Tract B, Poudre Ponds Minor Subdivision lying within the
SW/4NE/4 of Section 36 according to the plat recorded at Reception No. 3848721 of the
records of Weld County,Colorado
Containing 5.5 acres, more or less
Tract 38-36
Township 6 North. Range 66 West,6th PM
Section 36: A tract of land lying in the SW/4NE/4 of Section 36 described as follows:
Commencing at the Northwest Corner of the SE/4SE/4 of Section 36 thence N 00°35'00"W
2397.22 feet; thence S 54°38'00" W 193.22 feet to the Point of Beginning; thence S
89°44'00"W 459.30 feet;to the Southwest Corner;thence N 00°16'00"W 305.00 feet to the
Northwest Corner; thence N 89°44'00" East 430.00 feet to the Northeast Corner; thence S
05°45'15" E 306.40 feet to the Southeast Corner and the Point of Beginning.
Containing 3.11 acres, more or less
Tract 39-36
Township 6 North. Range 66 West.6th PM
Section 36: That part of Tract 13, Poudre Ponds Minor Subdivision lying within the
SE/4NW/4 of Section 36 according to the plat recorded at Reception No. 3848721 of the
records of Weld County,Colorado
Containing 32.5 acres, more or less
Tract 40-36
Township 6 North, Range 66 West,6th PM
Section 36: That part of Tract C, Poudre Ponds Minor Subdivision lying within the
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SW/4NW/4 of Section 36 according to the plat recorded at Reception No. 3848721 of the
records of Weld County,Colorado
Containing 7.5 acres, more or less
Tract 41-36
Township 6 North,Range 66 West.6th PM
Section 36: That part of Tract B, Poudre Ponds Minor Subdivision lying within the
SW/4NW/4 of Section 36 according to the plat recorded at Reception No. 3848721 of the
records of Weld County, Colorado. Also including that tract of land along the western
boundary of Tract C conveyed to the City of Greeley by Flatiron Sand and Gravel Company
in that Special Warranty Deed dated November 7,2001,recorded on November 8,2011,at
Reception No. 2899270.
Containing 25.00 acres, more or less
Tract 42-36
Township 6 North.Range 66 West, 6th PM
Section 36: That part of Tract C, Poudre Ponds Minor Subdivision lying within the
SW/4NW/4 of Section 36 according to the plat recorded at Reception No. 3848721 of the
records of Weld County, Colorado. Except that tract of land along the west edge of Tract
C conveyed to the City of Greeley by Flatiron Sand and Gravel Company in that Special
Warranty Deed dated November 7,2001,recorded on November 8,2011,at Reception No.
2899270.
Containing 15.00 acres, more or less
Tract 43-36
Township 6 North, Range 66 West.6th PM
Section 36: Lot A of Recorded Exemption No. 0803-36-4 RE-2530, recorded on June 24,
2008,at Reception No. 3562737,being a part of the NE/4SE/4 of Section 36.
Containing 1.20 acres, more or less
Tract 44-36
Township 6 North.Range 66 West. 6th PM
Section 36: Lot A of Recorded Exemption No. 0803-36-4 RE-2530, recorded on June 24,
2008,at Reception No. 3562737,being a part of the NE/4SE/4 of Section 36.
Containing 38.80 acres, more or less
Tract 45-36
Township 6 North. Range 66 West,6th PM
Section 36: A tract of land in the N/2SE/4 of Section 36 described as follows:Beginning at
the interior Quarter Corner of Section 36; thence S 89°31' E along the North line of said
Section 36, 1239.00 feet to the west right of way line of the County Road;thence S 01°47'
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E along said right of way a distance of 777.30 feet; thence N 89°38' W 1266.00 feet to a
point on the West line of the SE/4 of said Section 36; thence North along said West line,
761.50 feet to the Point of Beginning.
Containing 22.02 acres, more or less
Tract 46-36
Township 6 North,Range 66 West, 6th PM
Section 36: Lot A of Recorded Exemption No. 0805-36-4 RE-4316 recorded on May 4,
2006, at Reception No. 3384956 and being a part of the NW/4SE/4 of Section 36
Containing 2.5 acres, more or less
Tract 47-36
Township 6 North. Range 66 West.6th PM
Section 36: Lot B of Recorded Exemption No. 0805-36-4 RE-485 recorded in March 20,
1981,in Book 931 at Reception No. 1852847 and being a part of the NW/4SE/4 of Section
36.
Containing 1.00 acres, more or less
Tract 48-36
Township 6 North, Range 66 West. 6th PM
Section 36: Pulliam Subdivision recorded on March 11, 1958, at Reception No. 1273754,
being a part of the NW/4SE/4 of Section 36
Containing 2.58 acres, more or less
Tract 49-36
Township 6 North. Range 66 West, 6th PM
Section 36:Pulliam Subdivision Second Filing recorded on February 24, 1966,at Reception
No. 1483098,being a part of the NW/4SE/4 of Section 36
Containing 1.53 acres, more or less
Tract 50-36
Township 6 North, Range 66 West,6th PM
That part of Tract C and Tract D, Poudre Ponds Minor Subdivision lying within the
NE/4SW/4 of Section 36 according to the plat recorded at Reception No. 3848721 of the
records of Weld County,Colorado
Containing 40.00 acres,more or less
Tract 51-36
Township 6 North, Range 66 West,6th PM
Section 36: That part of Tract C, Poudre Ponds Minor Subdivision lying within the
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NW/4SW/4 of Section 36 according to the plat recorded at Reception No. 3848721 of the
records of Weld County,Colorado
Containing 33.75 acres, more or less
Tract 52-36
Township 6 North, Range 66 West,6th PM
Section 36: A strip of land through the NW/4SW/4 one hundred feet in width,being fifty
feet on either side of the center line of the road of the Greeley,Salt Lake and Pacific
i Railroad Company as located by the Engineer of said Railroad Company.
Containing 2.05 acres,more or less.
Tract 53-36
Township 6 North, Range 66 West,6th PM
Section 36: Lots A and B of Recorded Exemption No.0805-36-3-RE-631 recorded on
September 19, 1983,at Reception No. 1940782 being a part of the NW/4SW/4 of Section
36.
Containing 1.36 acres, more or less.
} Tract 54-36
Township 6 North, Range 66 West,6th PM
Section 36: All that part of the following described tract of land which lies in the
NW/4SW/4 of Section 36: A strip of land eighty(80) feet in width lying immediately
North and parallel and adjacent to the right of way of the Colorado and Southern Railway
Company commencing at a point where said right of way intersects the North line of the
SW/4SW/4 of Section 36, running thence Northwesterly to the West line of the
SE/4NE/4 of Section 34-T6N-R66W, 6th PM.
Containing 2.09 acres,more or less.
Tract 55-36
Township 6 North,Range 66 West,6th PM
Section 36: That portion of the following tract of land located in the NW/4SW/4 of
Section 36 more particularly described as follows: Beginning at the intersection of the
West line of said Section 36 and the centerline of Colorado and Southern Railway as
presently constructed and considering the West line of said Section 36 as bearing North
00°00'00" East and all other bearing contained herein relative thereto(said point bearing
South 00°00'00" West 1066.30 feet, more or less, from the West Quarter Corner(W1/4
of said Section 36); thence North 00°00'00" East 52.04 feet along said West line of
Section 36 to a point on the North right of way line of the Colorado and Southern
Railway;thence South 73°53'29"East 31.23 feet to the intersection of the East right of
way line of 35th Avenue and the North right of way line of the Colorado and Southern
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Railway to the True Point of Beginning;thence North 00°00'00" East 65.00 feet;thence
South 00°57'28" West, 897.27 feet;thence South 00°00'00" West,2129.92 feet to a point
on the North right of way of the Colorado and Southern Railway;thence North 73°53'29"
West, 52.04 feet to a point on the East right of way line of 35th Avenue and True Point of
Beginning. Said described parcel of land contains 3.601 acres, more or less.
Containing 0.75 acres,more or less.
II. Materials Examined:
See Exhibit"A"attached hereto and made a part hereof by this reference.
HI. Division of Interest:
See Exhibit "D"attached hereto and made a part hereof by this reference for the division
of interest on a tract basis.
See Exhibit"E" attached hereto and made a part hereof by this reference for the division
of interest on a spacing unit/well basis.
IV. Title to the Lands and Minerals:
A. Tract 1-25
1. Surface Estate:
Greeley Land Fund LLC 100.000000%
2. Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Swift Beef Company 100.000000% 1
3. Oil and Gas Leasehold Estate:
a. Working Interest fall depths and formations):
Noble Energy Inc. 100.000000% 1
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b. Royalty Interest(all depths and formations):
Swift Beef Company 12.5000000% 1
c. Overriding Royalty Interest(all depths and formations):
Blue Dunn for the Account of:
Agaton T.Gualberto and Virginia C. 0.00089163 1
Gualberto,husband and wife as
community property
Borpar II,Ltd., a Texas limited partnership 0.03122659 1
Brown Realty Company 0.00125000 1
Consuelo Schnaderbeck, as Trustee of the 0.00076030 1
Consuelo Schnaderbeck Revocable Living
Trust dated 3/14/88
Dennis P. Markey as Trustee of the Dennis 0.00054307 1
P. Markey Trust u/a/d 12/6/01
Gary A. Oedekerk and Judy L. Oedekerk 0.00110787 1
Hari K. Vaswani and Aarti H. Vaswani,as 0.00062500 1
Co-Trustees of the Hari K. Vaswani and Arti
H. Vaswani Revocable Trust dated 1/18/06
Johannes Warren and Hendrika Warren, as 0.00100468 1
Trustees of the Warren Living Trust
dated 5/27/98
LDA Limited Partnership 0.00135768 1
Mark L. Diem,as Trustee of the Mark L. 0.00108614 1
Diem Trust dated 5/8/97,as amended
Marvin Shapiro 0.01058989 1
Mary Goepfert 0.00076030 1
Nitin Kumar and Veena Kumar 0.00250000 1
Pacific Securities Income Partners 11 LP 0.00108614 1
Richard Gilbert and Elyce Gilbert 0.00162921 1
Richard R. Paul,Jr. as Trustee of the Richard 0.00108614 I
R. Paul,Jr. Revocable Living Trust
Rodenburg Inc. 0.00241667 1
Ronald Licht, as Trustee of the Ronald Licht 0.00135768 1
Revocable Trust u/a/d 8/8/63
Tam Tran and Tracy Tran,as Trustees of the 0.00062500 1
Tam and Tracy Tran Trust u/a/d 1/28/02
William Frank Bozich and Barbara Bozich, 0.00059601 1
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as Trustees of the William Frank and Barbara
Bozich Family Trust dated 11/8/04
0.06250000
B. Tract 2-25
I. Surface and Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
John Thomas Deus 100.000000% 3
2. Oil and Gas Leasehold Estate:
a. Working Interest(all depths and formations):
Noble Energy Inc. 100.000000% 3
b. Royalty Interest(all depths and formations):
John Thomas Deus 12.500000% 3
c. Overriding Royalty interest(all depths and formations):
Noble Energy Inc. 7.500000% 3
C. Tract 3-25
1. Surface Estate:
Greeley Land Fund LLC 100.000000%
2. Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Swift Beef Company 100.000000% 2
3. Oil and Gas Leasehold Estate:
Extraction Oil&Gas LLC
Hiner Wells
March I8, 2014
Page 18 of 418
a. Working Interest(all depths and formations):
Noble Energy Inc. 100.000000% 2
b. Royalty Interest(all depths and formations):
Swift Beef Company 18.000000% 2
c. Overriding Royalty Interest(all depths and formations):
None noted in the Materials Examined.
D. Tract 4-25
1. Surface Estate:
Greeley Land Fund LLC 100.000000%
2. Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Swift Beef Company 100.000000% 1
3. Oil and Gas Leasehold Estate:
a. Working Interest(all depths and formations):
Bayswater Exploration and Production LLC 20.000000% 1
Bayswater Blenheim Holdings II LLC 80.000000% 1
100.000000%
b. Royalty Interest(all depths and formations):
Swift Beef Company 12.5000000% I
c. Overriding,Royalty Interest(all depths and formations):
Blue Dunn for the Account of:
Agaton T. Gualberto and Virginia C. 0.00089163 1
Extraction Oil & Gas LLC
Hiner Wells
March 18,2014
Page 19 of 418
Gualberto,husband and wife as
community property
Borpar II, Ltd.,a Texas limited partnership 0.03122659 1
Brown Realty Company 0.00125000 1
Consuelo Schnaderbeck,as Trustee of the 0.00076030 1
Consuelo Schnaderbeck Revocable Living
Trust dated 3/14/88
Dennis P. Markey as Trustee of the Dennis 0.00054307 1
P. Markey Trust u/a/d 12/6/01
Gary A. Oedekerk and Judy L. Oedekerk 0.001 10787 I
Hari K. Vaswani and Aarti H. Vaswani,as 0.00062500 1
Co-Trustees of the Hari K. Vaswani and Arti
H. Vaswani Revocable Trust dated 1/18/06
Johannes Warren and Hendrika Warren, as 0.00100468 1
Trustees of the Warren Living Trust
dated 5/27/98
LDA Limited Partnership 0.00135768 1
Mark L. Diem,as Trustee of the Mark L. 0.00108614 1
Diem Trust dated 5/8/97,as amended
Marvin Shapiro 0.01058989 l
Mary Goepfert 0.00076030 1
Nitin Kumar and Veena Kumar 0.00250000 1
Pacific Securities Income Partners 11 LP 0.00108614 1
Richard Gilbert and Elyce Gilbert 0.00162921 1
Richard R. Paul,Jr. as Trustee of the Richard 0.00108614 1
R. Paul,Jr. Revocable Living Trust
Rodenburg Inc. 0.00241667 1
Ronald Licht, as Trustee of the Ronald Licht 0.00135768 1
Revocable Trust u/a/d 8/8/63
Tam Tran and Tracy Tran,as Trustees of the 0.00062500 1
Tam and Tracy Tran Trust u/a/d 1/28/02
William Frank Bozich and Barbara Bozich, 0.00059601 1
as Trustees of the William Frank and Barbara
Bozich Family Trust dated 11/8/04
0.06250000
E. Tract 5-25a
I. Surface Estate:
Extraction Oil&Gas LLC
Hiner Wells
March 18,2014
Page 20 of 418
Greeley Land Fund LLC
2. Oil and Gas Mineral Estate(all depths and formations)
Interest Lease
Swift Beef Company 100.00%
Unleased
3. Oil and Gas Leasehold Estate:
a. Working Interest(all depths and formations):
Swift Beef Company
Unleased
b. Royalty Interest(all depths and formations):
Not Applicable.
c. Overriding Royalty Interest(all depths and formations):
None noted in the Materials Examined.
F. Tract 5-25b
I. Surface Estate:
Greeley Land Fund LLC
2. Oil and Gas Mineral Estate(all depths and formations)
nterest Lease
Weld County 100.00% Unleased
3. Oil and Gas Leasehold Estate:
a. Working Interest(all depths and formations):
Weld County 100 00%
Unleased
b. Royalty Interest(all depths and formations):
Extraction Oil&Gas LLC
Hiner Wells
March 18,2014
Page 21 of 418
Not Applicable.
c. Overriding Royalty Interest(all depths and formations):
None noted in the Materials Examined.
G. Tract 6-25
1. Surface and Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Weld County 100.000000% Unleased
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Weld County 100.000000% Unleased
b. Royalty Interest-all depths and formations:
Not Applicable
c. Overriding Royalty Interest-all depths and formations:
None noted in the Materials Examined.
c. Overriding Royalty Interest-all depths and formations:
None noted in the Materials Examined.
H. Tract 7
1. Surface and Oil and Gas Mineral Estate(all depths and formations):
Interest ease
Juan M. Varela and Marina Varela 100.000000% Unleased
as joint tenants
Extraction Oil &Gas LLC
Hiner Wells
March 18,2014
Page 22 of 418
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Juan M. Varela and Marina Varela 100.000000% Unleased
as joint tenants
b. Royalty Interest-all depths and formations:
Not applicable.
c. Overriding Royalty Interest-all depths and formations:
None noted in the Materials Examined.
Tract 8-25
1. Surface and Oil and Gas Mineral Estate(all depths and formations): •
Interest Lease
Guadalupe Ybarra.and Anita Ybarra 100.000000% Unleased
as joint tenants
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Guadalupe Ybarra and Anita Ybarra 100.000000% Unleased
as joint tenants
b. Royalty Interest- all depths and formations:
Not applicable.
c. Overriding Royalty Interest- all depths and formations:
None noted in the Materials Examined.
Extraction Oil&Gas LLC
Hiner Wells
March 18, 2014
Page 23 of 418
J. Tract 9-25
1. Surface and Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Lupe Ybarra and Billy Ybarra 100.000000% Unleased
as joint tenants
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Lupe Ybarra and Billy Ybarra 100.000000% Unleased
as joint tenants
b. Royalty Interest-all depths and formations:
Not applicable.
c. Overriding Royalty Interest-all depths and formations:
None noted in the Materials Examined.
K. Tract 10-25
1. Surface Estate:
Union Colony Investors LLC 100.000000%
2. Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Edwin A. Amen 6.250000% 6
Kenton C. Amen 6.250000% 6
Roland H. Kissler and Marie E. Kissler Trust 25.000000% 7
Union Colony Investors LLC 50.000000% 6, 7
Walter D. Amen 12.500000% 6
100.000000%
Extraction Oil&Gas LLC
Hiner Wells
March 18,2014
Page 24 of 418
3. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Noble Energy Inc. 100.000000% 6, 7
b. Royalty Interest-all depths and formations:
Edwin A. Amen 0.781250% 6
Kenton C.Amen 0.781250% 6
Roland H. Kissler and Marie E. Kissler Trust 3.125000% 7
Union Colony Investors LLC 6.250000% 6, 7
Walter D. Amen 1.562500% 6
12.500000%
c. Overriding Royalty Interest-all depths and formations:
Blue Dunn for the Account of:
Agaton T. Gualberto and Virginia C. 0.00089163 6,7
Gualberto, husband and wife as
community property
Borpar II, Ltd.,a Texas limited 0.03122659 6, 7
partnership
Brown Realty Company 0.00125000 6,7
Consuelo Schnaderbeck,as Trustee 0.00076030 6, 7
of the Consuelo Schnaderbeck
Revocable Living Trust dated 3/14/88
Dennis P. Markey as Trustee of the 0.00054307 6, 7
Dennis P. Markey Trust u/a/d 12/6/01
Gary A. Oedekerk and Judy L. Oedekerk 0.00110787 6, 7
Hari K. Vaswani and Aarti H. Vaswani, 0.00062500 6,7
as Co-Trustees of the Hari K. Vaswani
and Arti H. Vaswani Revocable Trust
dated 1/18/06
Johannes Warren and Hendrika Warren, 0.00100468 6, 7
as Trustees of the Warren Living
Trust dated 5/27/98
LDA Limited Partnership 0.00135768 6, 7
Mark L. Diem, as Trustee of the Mark 0.00108614 6,7
L. Diem Trust dated 5/8/97,as amended
f
Extraction Oil&Gas LLC
Hiner Wells
March 18,2014
Page 25 of 418
Marvin Shapiro 0.01058989 6, 7
Mary Goepfert 0.00076030 6, 7
Nitin Kumar and Veena Kumar 0.00250000 6, 7
Pacific Securities Income Partners 11 LP 0.00108614 6, 7
Richard Gilbert and Elyce Gilbert 0.00162921 6, 7
Richard R. Paul,Jr. as Trustee of the 0.00108614 6, 7
Richard R. Paul,Jr. Revocable
Living Trust
Rodenburg Inc. 0.00241667 6, 7
Ronald Licht, as Trustee of the Ronald 0.00135768 6, 7
Licht Revocable Trust u/a/d 8/8/63
Tam Tran and Tracy Tran, as Trustees 0.00062500 6, 7
of the Tam and Tracy Iran Trust
u/a/d 1/28/02
William Frank Bozich and Barbara 0.00059601 6, 7
Bozich, as Trustees of the William
Frank and Barbara Bozich Family
Trust dated 11/8/04
Frank M. Wilson 11 and Deborah Z. Wilson 2.340000% 6, 7
as Trustees of the Wilson Family
2010 Trust dated April 2,2010
H&C Colton Company 0.780000% 6, 7
Patchen Family Partners Ltd. 1.000000% 6, 7
10.370000%
L. Tract 11-25
1. Surface Estate:
Jerry G. Dill and Lynne M. Kelley 100.000000%
as tenants in common
2. Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Dorothy A. Dill 12.500000% 9
Elberta Jean Ottesen 12.500000% 9
Emma Lou Sarchet 12.500000% 9
Helen M. Nelson
12.500000% 9
Extraction Oil&Gas LLC
Hiner Wells
March 18,2014
Page 26 of 418
Jerry G. Dill and Lynne M. Kelley 50.000000% 9
as tenants in common
100.000000%
3. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Noble Energy Inc. 100.000000% 9
b. Royalty Interest-all depths and formations:
Dorothy A. Dill 1.562500% 9
Elberta Jean Ottesen 1.562500% 9
Emma Lou Sarchet 1.562500% 9
Helen M. Nelson 1.562500% 9
Jerry G. Dill and Lynne M. Kelley 6.250000% 9
as tenants in common
12.500000%
c. Overriding Royalty Interest- all depths and formations:
Blue Dunn for the Account of:
Agaton T. Gualberto and Virginia C. 0.00089163 9
Gualberto, husband and wife as
community property
Borpar 11, Ltd.,a Texas limited 0.03122659 9
partnership
Brown Realty Company 0.00125000 9
Consuelo Schnaderbeck,as Trustee 0.00076030 9
of the Consuelo Schnaderbeck
Revocable Living Trust dated 3/14/88
Dennis P. Markey as Trustee of the 0.00054307 9
Dennis P. Markey Trust u/a/d 12/6/01
Gary A. Oedekerk and Judy L. Oedekerk 0.00110787 9
Hari K. Vaswani and Aarti H. Vaswani, 0.00062500 9
as Co-Trustees of the Hari K. Vaswani
and Arti H. Vaswani Revocable Trust
dated 1/18/06
Johannes Warren and Hendrika Warren, 0.00100468 9
Extraction Oil &Gas LLC
Hiner Wells
March 18,2014
Page 27 of 418
as Trustees of the Warren Living
Trust dated 5/27/98
LDA Limited Partnership 0.00135768 9
Mark L. Diem,as Trustee of the Mark 0.00108614 9
L. Diem Trust dated 5/8/97,as amended
Marvin Shapiro 0.01058989 9
Mary Goepfert 0.00076030 9
Nitin Kumar and Veena Kumar 0.00250000 9
Pacific Securities Income Partners 11 LP 0.00108614 9
Richard Gilbert and Elyce Gilbert 0.00162921 9
Richard R. Paul,Jr. as Trustee of the 0.00108614 9
Richard R. Paul,Jr. Revocable
Living Trust
Rodenburg Inc. 0.00241667 9
Ronald Licht,as Trustee of the Ronald 0.00135768 9
Licht Revocable Trust u/a/d 8/8/63
Tam Iran and Tracy Tran, as Trustees 0.00062500 9
of the Tam and Tracy Tran Trust
u/aid 1/28/02
William Frank Bozich and Barbara 0.00059601 9
Bozich,as Trustees of the William
Frank and Barbara Bozich Family
Trust dated 11/8/04
Frank M. Wilson H and Deborah Z. Wilson 2.340000% 9
as Trustees of the Wilson Family
2010 Trust dated April 2,2010
H&C Colton Company 0.780000% 9
Patchen Family Partners Ltd. 1.000000% 9
10.370000%
M. Tract 12-25
I. Surface Estate:
Lot A
Troy M. Lee and Tracy R. Lee 100.000000%
as joint tenants
Lot B
Mark. D.Becker and Patricia L. Becker 100.000000%
as joint tenants
Extraction Oil&Gas LLC
Hiner Wells
March 18,2014
Page 28 of 418
2. Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Harvey D. Zeller and Elaine B. Zeller 100.000000% 10
as joint tenants
3. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Noble Energy Inc. 100.000000% 10
b. Royalty Interest-all depths and formations:
Harvey D.Zeller and Elaine B. Zeller 12.5000000% 10
as joint tenants
c. Overriding Royalty Interest-all depths and formations:
Blue Dunn for the Account of:
Agaton T. Gualberto and Virginia C. 0.00089163 10
Gualberto,husband and wife as
community property
Borpar II, Ltd.,a Texas limited 0.03122659 10
partnership
Brown Realty Company 0.00125000 10
Consuelo Schnaderbeck, as Trustee 0.00076030 10
of the Consuelo Schnaderbeck
Revocable Living Trust dated 3/14/88
Dennis P. Markey as Trustee of the 0.00054307 10
Dennis P. Markey Trust u/a/d 12/6/01
Gary A. Oedekerk and Judy L. Oedekerk 0.00110787 10
Hari K. Vaswani and Aarti H. Vaswani, 0.00062500 10
as Co-Trustees of the Hari K. Vaswani
and Arti H. Vaswani Revocable Trust
dated 1/18/06
Johannes Warren and Hendrika Warren, 0.00100468 10
as Trustees of the Warren Living
Trust dated 5/27/98
LDA Limited Partnership 0.00135768 10
Extraction Oil&Gas LLC
Hiner Wells
March 18, 2014
Page 29 of 418
Mark L. Diem,as Trustee of the Mark 0.00108614 10
L. Diem Trust dated 5/8/97, as amended
Marvin Shapiro 0.01058989 10
Mary Goepfert 0.00076030 10
Nitin Kumar and Veena Kumar 0.00250000 10
Pacific Securities Income Partners II LP 0.00108614 10
Richard Gilbert and Elyce Gilbert 0.00162921 10
Richard R. Paul, Jr. as Trustee of the 0.00108614 10
Richard R. Paul,Jr. Revocable
Living Trust
Rodenburg Inc. 0.00241667 10
Ronald Licht, as Trustee of the Ronald 0.00135768 10
Licht Revocable Trust u/a/d 8/8/63
Tam Iran and Tracy Tran, as Trustees 0.00062500 10
of the Tarn and Tracy Tran Trust
u/a/d 1/28/02
William Frank Bozich and Barbara 0.00059601 10
Bozich,as Trustees of the William
Frank and Barbara Bozich Family
Trust dated 11/8/04
Frank M. Wilson II and Deborah Z. Wilson 2.340000% 10
as Trustees of the Wilson Family
2010 Trust dated April 2,2010
H&C Colton Company 0.780000% 10
Patchen Family Partners Ltd. 1.000000% 10
10.370000%
N. Tract 13-25
1. Surface and Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Weld County 100.000000% 5
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Noble Energy Inc. 100.000000% 5
Extraction Oil&Gas LLC
Hiner Wells
March 18,2014
Page 30 of 418
b. Royalty Interest-all depths and formations:
Weld County 12.5000000% 5
c. Overriding Royalty Interest- all depths and formations:
None noted in the Materials Examined.
O. Tract 14-25
1. Surface and Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Flatiron Sand and Gravel Company 100.000000% 5
3. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Noble Energy Inc. 100.000000% 5
b. Royalty Interest-all depths and formations:
Flatiron Sand and Gravel Company 15.000000% 5
c. Overriding Royalty Interest- all depths and formations:
H.L. Willett Estate,Louise Willett Curtis and 8.500000% 5
Boyd Ryan Willett Jr. as
Personal Representatives
Noble Energy Inc. 1.500000% 5
10.000000%
P. Tract 15-25
1. Surface Estate:
Union Colony Investors LLC 100.000000%
2. Oil and Gas Mineral Estate(all depths and formations):
Extraction Oil&Gas LLC
Hiner Wells
March 18,2014
Page 31 of 418
Interest Lease
Edwin A. Amen 6.250000% 6
Kenton C. Amen 6.250000% 6
Roland H. Kissler and Marie E. Kissler Trust 25.000000% 7
Union Colony Investors LLC 50.000000% 6, 7
Walter D. Amen 12.500000% 6
100.000000%
3. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Bayswater Exploration and Production LLC 20.000000% 6, 7
Bayswater Blenheim Holdings II LLC 80.000000% 6,7
100.000000%
b. Royalty Interest-all depths and formations:
Edwin A. Amen 0.781250% 6
Kenton C. Amen 0.781250% 6
Roland H. Kissler and Marie E. Kissler Trust 3.125000% 7
Union Colony Investors LLC 6.250000% 6,7
Walter D. Amen 1.562500% 6
12.500000%
c. Overriding Royalty Interest-all depths and formations:
Blue Dunn for the Account of:
Agaton T. Gualberto and Virginia C. 0.00089163 6,7
Gualberto,husband and wife as
community property
Borpar II, Ltd.,a Texas limited 0.03122659 6,7
partnership
Brown Realty Company 0.00125000 6, 7
Consuelo Schnaderbeck,as Trustee 0.00076030 6, 7
of the Consuelo Schnaderbeck
Revocable Living Trust dated 3/14/88
Dennis P. Markey as Trustee of the 0.00054307 6, 7
Extraction Oil&Gas LLC
Hiner Wells
March 18, 2014
Page 32 of 418
Dennis P. Markey Trust u/a/d 12/6/01
Gary A. Oedekerk and Judy L.Oedekerk 0.00110787 6,7
Hari K. Vaswani and Aarti H. Vaswani, 0.00062500 6,7
as Co-Trustees of the Hari K. Vaswani
and Arti H. Vaswani Revocable Trust
dated 1/18/06
Johannes Warren and Hendrika Warren, 0.00100468 6,7
as Trustees of the Warren Living
Trust dated 5/27/98
LDA Limited Partnership 0.00135768 6, 7
Mark L. Diem, as Trustee of the Mark 0.00108614 6,7
L. Diem Trust dated 5/8/97,as amended
Marvin Shapiro 0.01058989 6,7
Mary Goepfert 0.00076030 6, 7
Nitin Kumar and Veena Kumar 0.00250000 6, 7
Pacific Securities Income Partners H LP 0.00108614 6, 7
Richard Gilbert and Elyce Gilbert 0.00162921 6, 7
Richard R. Paul,Jr. as Trustee of the 0.00108614 6, 7
Richard R. Paul,Jr. Revocable
Living Trust
Rodenburg Inc. 0.00241667 6, 7
Ronald Licht,as Trustee of the Ronald 0.00135768 6, 7
Licht Revocable Trust u/a/d 8/8/63
Tam Tran and Tracy Tran, as Trustees 0.00062500 6, 7
of the Tam and Tracy Tran Trust
u/a/d 1/28/02
William Frank Bozich and Barbara 0.00059601 6, 7
Bozich,as Trustees of the William
Frank and Barbara Bozich Family
Trust dated 11/8/04
Frank M. Wilson 11 and Deborah Z. Wilson 2.340000% 6, 7
as Trustees of the Wilson Family
2010 Trust dated April 2,2010
H&C Colton Company 0.780000% 6,7
Patchen Family Partners Ltd. 1.000000% 6,7
10.370000%
Q. Tract 16-25
1. Surface and Oil and Gas Mineral Estate(all depths and formations):
4
Extraction Oil&Gas LLC
Hiner Wells
March 18,2014
Page 33 of 418
Interest Lease
Bonnie J. New Trust, 50.000000% 11
Bonnie J. New as Trustee
Donald L.New Trust 50.000000% 11
Donald L. New as Trustee
100.000000%
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Bayswater Exploration and Production LLC 20.000000% II
Bayswater Blenheim Holdings II LLC 80.000000% 11
100.000000%
b. Royalty Interest-all depths and formations:
Bonnie J. New Trust, 6.2500000% 1 I
Bonnie J. New as Trustee
Donald L. New Trust, 6.2500000% 11
Donald L. New as Trustee
12.5000000%
c. Overriding Royalty Interest-all depths and formations:
Blue Dunn for the Account of:
Agaton T. Gualberto and Virginia C. 0.00089163 1 I
Gualberto, husband and wife as
community property
Borpar II, Ltd., a Texas limited 0.03122659 1
partnership
Brown Realty Company 0.00125000 11
Consuelo Schnaderbeck,as Trustee 0.00076030 11
of the Consuelo Schnaderbeck
Revocable Living Trust dated 3/14/88
Dennis P. Markey as Trustee of the 0.00054307 11
Dennis P.Markey Trust u/a/d 12/6/01
Gary A. Oedekerk and Judy L.Oedekerk 0.00110787 11
Hari K. Vaswani and Aarti H. Vaswani, 0.00062500 11
Extraction Oil&Gas LLC
Hiner Wells
March 18, 2014
Page 34 of 418
as Co-Trustees of the Hari K. Vaswani
and Arti H. Vaswani Revocable Trust
dated 1/18/06
Johannes Warren and Hendrika Warren, 0.00100468 11
as Trustees of the Warren Living
Trust dated 5/27/98
LDA Limited Partnership 0.00135768 11
Mark L. Diem,as Trustee of the Mark 0.00108614 11
L. Diem Trust dated 5/8/97, as amended
Marvin Shapiro 0.01058989 11
Mary Goepfert 0.00076030 11
Nitin Kumar and Veena Kumar 0.00250000 11
Pacific Securities Income Partners II LP 0.00108614 11
Richard Gilbert and Elyce Gilbert 0.00162921 11
Richard R. Paul,Jr. as Trustee of the 0.00108614 11
Richard R. Paul,Jr. Revocable
Living Trust
Rodenburg Inc. 0.00241667 11
Ronald Licht, as Trustee of the Ronald 0.00135768 11
Licht Revocable Trust u/a/d 8/8/63
Tam Tran and Tracy Tran,as Trustees 0.00062500 11
of the Tam and Tracy Tran Trust
u/a/d 1/28/02
William Frank Bozich and Barbara 0.00059601 II
Bozich,as Trustees of the William
Frank and Barbara Bozich Family
Trust dated 11/8/04
Frank M. Wilson 11 and Deborah Z. Wilson 2.340000% 1 I
as Trustees of the Wilson Family
2010 Trust dated April 2,2010
H&C Colton Company 0.780000% 11
Patchen Family Partners Ltd. 1.000000% II
10.370000%
R. Tract 17-25
1. Surface and Oil and Gas Mineral Estate (all depths and formations):
Interest Lease
Extraction Oil&Gas LLC
Hiner Wells
March 18,2014
Page 35 of 418
Weld County 100.000000% 8
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Bayswater Exploration and Production LLC 20.000000% 8
Bayswater Blenheim Holdings 11 LLC 80.000000% 8
100.000000%
b. Royalty Interest-all depths and formations:
Weld County 15.000000% 8
c. Overriding Royalty Interest- all depths and formations:
Blue Dunn for the Account of:
Agaton T.Gualberto and Virginia C. 0.00089163 8
Gualberto,husband and wife as
community property
Borpar II, Ltd.,a Texas limited 0.03122659 8
partnership
Brown Realty Company 0.00125000 8
Consuelo Schnaderbeck, as Trustee 0.00076030 8
of the Consuelo Schnaderbeck
Revocable Living Trust dated 3/14/88
Dennis P. Markey as Trustee of the 0.00054307 8
Dennis P. Markey Trust u/a/d 12/6/01
Gary A. Oedekerk and Judy L.Oedekerk 0.00110787 8
Hari K. Vaswani and Aarti H. Vaswani, 0.00062500 8
as Co-Trustees of the Hari K. Vaswani
and Arti H. Vaswani Revocable Trust
dated 1/18/06
Johannes Warren and Hendrika Warren, 0.00100468 8
as Trustees of the Warren Living
Trust dated 5/27/98
LDA Limited Partnership 0.00135768 8
Mark L. Diem, as Trustee of the Mark 0.00108614 8
L. Diem Trust dated 5/8/97,as amended
Marvin Shapiro 0.01058989 8
Extraction Oil&Gas LLC
Hiner Wells
March 18,2014
Page 36 of 418
Mary Goepfert 0.00076030 8
Nitin Kumar and Veena Kumar 0.00250000 8
Pacific Securities Income Partners II LP 0.00108614 8
Richard Gilbert and Elyce Gilbert 0.00162921 8
Richard R. Paul,Jr. as Trustee of the 0.00108614 8
Richard R. Paul,Jr.Revocable
Living Trust
Rodenburg Inc. 0.00241667 8
Ronald Licht,as Trustee of the Ronald 0.00135768 8
Licht Revocable Trust u/a/d 8/8/63
Tam Tran and Tracy Tran,as Trustees 0.00062500 8
of the Tam and Tracy Tran Trust
u/a/d 1/28/02
William Frank Bozich and Barbara 0.00059601 8
Bozich, as Trustees of the William
Frank and Barbara Bozich Family
Trust dated 11/8/04
Frank M. Wilson 11 and Deborah Z. Wilson 2.340000% 8
as Trustees of the Wilson Family
2010 Trust dated April 2,2010
H&C Colton Company 0.780000% 8
Patchen Family Partners Ltd. 1.000000% 8
10.370000%
S. Tract 18-36
1. Surface and Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
R.M. Hiner Construction Company Inc. 100.000000% 12
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Extraction Oil & Gas LLC 99.000000% 12
Jordance Energy Inc. 1.000000%
100.000000%
Extraction Oil&Gas LLC
Hiner Wells
March 18, 2014
Page 37 of 418
b. Royalty Interest-all depths and formations:
R.M. Hiner Construction Company Inc. 15.000000% 12
c. Overriding Royalty Interest-all depths and formations:
Jordance Energy Inc. 5.0000000% 12
T. Tract 19-36
I. Surface and Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Flatiron Sand and Gravel Company 100.000000% 13
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Noble Energy Inc. 100.000000% 13
b. Royalty Interest-all depths and formations:
Flatiron Sand and Gravel Company 18.750000% 13
c. Overriding Royalty Interest-all depths and formations:
None noted in the Materials Examined.
U. Tract 20-36
See Tract 20-36, Espanola Subdivision, in Exhibit"D".
V. Tract 21-36
1. Surface Estate:
Joanna M.Autobee 100.00%
Extraction Oil&Gas LLC
Hiner Wells
March 18,2014
Page 38 of 418
2. Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Weld County 100.000000% 27
. 3. Oil and Gas Leasehold Estate:
a. Working Interest- all depths and formations:
Extraction Oil &Gas LLC 99.000000% 27
Jordance Energy Inc. 1.000000% 27
100.000000%
b. Royalty Interest-all depths and formations:
Weld County 20.000000% 27
c. Overriding Royalty Interest-all depths and formations:
Jordance Energy Inc. 0.5000000% 27
W. Tract 22-36
1. Surface and Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Colony Improvement Corporation 100.000000% Unleased
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Colony Improvement Corporation 100.000000% Unleased
b. Royalty Interest-all depths and formations:
Not applicable as interest is unleased.
Extraction Oil&Gas LLC
Hiner Wells
March 18, 2014
Page 39 of 418
c. Overriding Royalty Interest-all depths and formations:
None noted in the Materials Examined.
X. Tract 23-36
1. Surface and Oil and Gas Mineral Estate(all depths and formationsi:
Interest Lease
City of Greeley 100.000000% 28
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Extraction Oil &Gas LLC 99.000000% 28
Jordance Energy Inc. 1.000000% 28
100.000000%
b. Royalty Interest-all depths and formations:
City of Greeley 20.000000% 28
c. Overriding Royalty Interest-all depths and formations:
Jordance Energy Inc. 0.5000000% 28
V. Tract 24-36
1. Surface Estate:
City of Greeley 100.000000%
2. Oil and Gas Mineral Estate(all depths and formationsi:
Interest Lease
Cottonwood Land&Farms LLC 100.000000% 29
4
Extraction Oil&Gas LLC
Hiner Wells
March 18,2014
Page 40 of 418
3. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Extraction Oil & Gas LLC 99.000000% 29
Jordance Energy Inc. 1.000000% 29
100.000000%
b. Royalty Interest-all depths and formations:
Cottonwood Land & Farms LLC 20.000000% 29
c. Overriding Royalty Interest-all depths and formations:
Jordance Energy Inc. 0.5000000% 29
Z. Tract 25-36
1. Surface and Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Flatiron Sand and Gravel Company 100.000000% 13
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Noble Energy Inc. 100.000000% 13
b. Royalty Interest-all depths and formations:
Flatiron Sand and Gravel Company 18.750000% 13
c. Overriding Royalty Interest-all depths and formations:
None noted in the Materials Examined.
AA. Tract 26-36
Extraction Oil&Gas LLC
Hiner Wells
March 18,2014
Page 41 of 418
1. Surface and Oil and Gas Mineral Estate(all depths and formations:
Interest Lease
R.M. Hiner Construction Company Inc. 100.000000% 12
2. Oil and Gas Leasehold Estate:
a. Working Interest- all depths and formations:
Extraction Oil &Gas LLC 99.000000% 12
Jordance Energy Inc. 1.000000%
100.000000%
b. Royalty Interest-all depths and formations:
R.M. Hiner Construction Company Inc. 15.000000% 12
c. Overriding Royalty Interest- all depths and formations:
Jordance Energy inc. S.0000000% 12
BB. Tract 27-36
I. Surface and Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Cottonwood Land& Farms LLC 100.000000% 5
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Noble Energy Inc. 100.000000% 5
b. Royalty Interest-all depths and formations:
Cottonwood Land& Farms LLC 15.000000% 5
Extraction Oil&Gas LLC
Hiner Wells
March 18, 2014
Page 42 of 418
c. Overriding Royalty Interest-all depths and formations:
Anthony W. Sharp 0.066600% 5
Escobar Energy Inc. 0.150000% 5
H.L. Willett Estate, Louise Willett Curtis and 8.500000% 5
Boyd Ryan Willett Jr. as
Personal Representatives
Michael J. Foy and Paula J. Foy 0.150000% 5
as joint tenants
Noble Energy Inc. 0.132300% 5
PBD 1986 Royalty 0.057300% 5
Scott Kramer 0.057300% 5
Whipple Family LLC 0.057300% 5
9.170800%
CC. Tract 28-36
1. Surface and Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
City of Greeley 100.000000% 5
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Noble Energy Inc. 100.000000% 5
b. Royalty Interest- all depths and formations:
City of Greeley 15.000000% 5
c. Overriding Royalty Interest-all depths and formations:
Anthony W. Sharp 0.066600% 5
Escobar Energy Inc. 0.150000% 5
H.L. Willett Estate, Louise Willett Curtis and 8.500000% 5
Boyd Ryan Willett Jr.as
Extraction Oil&Gas LLC
Hiner Wells
March 18, 2014
Page 43 of 418
Personal Representatives
Michael J. Foy and Paula J. Foy 0.150000% 5
as joint tenants
Noble Energy Inc. 0.132300% 5
PBD 1986 Royalty 0.057300% 5
Scott Kramer 0.057300% 5
Whipple Family LLC 0.057300% 5
9.170800%
DD. Tract 29-36
1. Surface and Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Bonnie J.New Trust, 50.000000% 30&30a
Bonnie J.New as Trustee
Donald L. New Trust 50.000000% 30&30a
Donald L.New as Trustee
100.000000%
2. Oil and Gas Leasehold Estate:
a. Working interest-all depths and formations:
Noble Energy Inc. 100.000000% 30&30a
b. Royalty Interest- all depths and formations:
Bonnie J. New Trust, 7.500000% 30&30a
Bonnie J. New as Trustee
Donald L. New Trust 7.500000% 30& 30a
Donald L. New as Trustee
12.500000%
c. Overriding Royalty Interest-all depths and formations:
Anthony W. Sharp 0.066600% 30&30a
Escobar Energy Inc. 0.150000% 30&30a
H.L. Willett Estate, Louise Willett Curtis and 8.500000% 30&30a
Extraction Oil &Gas LLC
Hiner Wells
March 18,2014
Page 44 of 418
Boyd Ryan Willett Jr.as
Personal Representatives
Michael J. Foy and Paula J. Foy 0.150000% 30&30a
as joint tenants
Noble Energy Inc. 0.132300% 30&30a
PBD 1986 Royalty 0.057300% 30&30a
Scott Kramer 0.057300% 30& 30a
Whipple Family LLC 0.057300% 30 & 30a
9.170800%
EE. Tract 30-36
1. Surface and Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Cottonwood Land& Farms LLC 100.000000% 5
2. Oil and Gas Leasehold Estate:
a. Working Interest- all depths and formations:
Noble Energy Inc. 100.000000% 5
b. Royalty Interest-all depths and formations:
Cottonwood Land& Farms LLC 15.000000% 5
c. Overriding Royalty Interest-all depths and formations:
Anthony W. Sharp 0.066600% 5
Escobar Energy Inc. 0.150000% 5
H.L. Willett Estate, Louise Willett Curtis and 8.500000% 5
Boyd Ryan Willett Jr. as
Personal Representatives
Michael J. Foy and Paula J. Foy 0.150000% 5
as joint tenants
Noble Energy Inc. 0.132300% 5
PBD 1986 Royalty 0.057300% 5
Scott Kramer 0.057300% 5
Extraction Oil&Gas LLC
Hiner Wells
March 18, 2014
Page 45 of 418
Whipple Family LLC 0.057300% 5
9.170800%
FF. Tract 31-36
1. Surface and Oil and Gas Mineral Estate(all depths and formations]:
Interest Lease
City of Greeley 100.000000% 5
2. Oil and Gas Leasehold Estate:
a. Working Interest- all depths and formations:
Noble Energy Inc. 100.000000% 5
b. Royalty Interest-all depths and formations:
City of Greeley 15.000000% 5
c. Overriding Royalty Interest-all depths and formations:
Anthony W. Sharp 0.066600% 5
Escobar Energy Inc. 0.150000% 5
H.L. Willett Estate, Louise Willett Curtis and 8.500000% 5
Boyd Ryan Willett Jr. as
Personal Representatives
Michael J. Foy and Paula J. Foy 0.150000% 5
as joint tenants
Noble Energy Inc. 0.132300% 5
PBD 1986 Royalty 0.057300% 5
Scott Kramer 0.057300% 5
Whipple Family LLC 0.057300°4 5
9.170800%
GC. Tract 32-36
I. Surface and Oil and Gas Mineral Estate(all depths and formations):
Extraction Oil&Gas LLC
Hiner Wells
March 18, 2014
Page 46 of 418
Interest Lease
R.M. Hiner Construction Company Inc. 100.000000% 12
2. Oil and Gas Leasehold Estate:
a. Working Interest- all depths and formations:
Extraction Oil &Gas LLC 99.000000% 12
Jordance Energy Inc. 1.000000%
100.000000%
b. Royalty Interest-all depths and formations:
R.M. Hiner Construction Company Inc. 15.000000% 12
c. Overriding Royalty Interest-all depths and formations:
Jordance Energy Inc. 5.0000000% 12
HH. Tract 33-36
I. Surface and Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Flatiron Sand and Gravel Company 100.000000% 13
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Sunshine Valley Petroleum Corporation 100.000000% 13
b. Royalty Interest-all depths and formations:
Flatiron Sand and Gravel Company 18.750000% 13
c. Overriding Royalty Interest-all depths and formations:
None noted in the Materials Examined.
Extraction Oil&Gas LLC
Hiner Wells
March 18, 2014
Page 47 of 418
H. Tract 34-36
1. Surface and Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Bucklen Equipment Company 100.000000% 14
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Sunshine Petroleum Corporation 100.000000% 14
b. Royalty Interest-all depths and formations:
Bucklen Equipment Company 18.750000% 14
c. Overriding Royalty Interest-all depths and formations:
Brenda A. Crews 0.625000% 14
Karen M.Crews 0.625000% 14
James W. Todd 1.000000% 14
Ralph Clifford Todd 1.000000% 14
Clifford Ralph Todd 1.000000% 14
4.250000%
JJ. Tract 35-36
1. Surface and Oil and Gas Mineral Estate(all depths and f rmations):
interest Lease
Flatiron Sand and Gravel Company 100.000000% 13
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Sunshine Valley Petroleum Corporation 100.000000% 13
Extraction Oil&Gas LLC
Hiner Wells
March 18,2014
Page 48 of 418
b. Royalty Interest-all depths and formations:
Flatiron Sand and Gravel Company 18.750000% 13
c. Overriding Royalty Interest-all depths and formations:
None noted in the Materials Examined.
KK. Tract 36-36
1. Surface Estate:
City of Greeley 100.000000%
2. Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Cottonwood Land & Farms LLC 100.000000% 28
3. Oil and Gas Leasehold Estate:
a. Working Interest- all depths and formations:
Extraction Oil&Gas LLC 99.000000% 28
Jordance Energy Inc. 1.000000% 28
100.000000%
b. Royalty Interest-all depths and formations:
Cottonwood Land&Farms LLC 20.000000% 28
c. Overriding Royalty Interest-all depths and formations:
Jordance Energy Inc. 0.500000% 28
LL. Tract 37-36
1. Surface and Oil and Gas Mineral Estate(all depths and formations):
Extraction Oil&Gas LLC
Hiner Wells
March 18,2014
Page 49 of 408 Corrected 4/6/14
DRAFT
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
City of Greeley 100.000000% Unleased
b. Royalty Interest-all depths and formations:
Not applicable as the interest is unleased.
c. Overriding Royalty Interest-all depths and formations:
None noted in the Materials Examined.
MM. Tract 39-36
1. Surface and Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
City of Greeley 100.000000% 100.000000% 5
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
H.L.Willett Estate;Louise Willett Curtis! 100,000000%. 5
and Boyd Ryan Willett Jr.as:
Personal.Representatives
b. Royalty Interest-all depths and formations:
City of Greeley 20.000000% 5
c. Overriding Royalty Interest-all depths and formations:
None noted in the Materials Examined.
Extraction Oil&Gas LLC
Hiner Wells
March 18,2014
Page 49 of 418
Interest Lease
City of Greeley 100.000000% 100.000000% 29
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
Extraction Oil &Gas LLC 99.000000% 29
Jordance Energy Inc. 1.000000% 29
100.000000%
b. Royalty Interest- all depths and formations:
City of Greeley 20.000000% 29
c. Overriding Royalty Interest-all depths and formations:
Jordance Energy Inc. 0.500000% 29
MM. Tract 38-36
1. Surface and Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
City of Greeley 100.000000% 100.000000% Unleased
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
City of Greeley 100.000000% Unleased
b. Royalty Interest-all depths and formations:
Not applicable as the interest is unleased.
c. Overriding Royalty Interest-all depths and formations:
Extraction Oil&Gas LLC
Hiner Wells
March 18, 2014
Page 50 of 418
None noted in the Materials Examined.
NN. Tract 39-36
1. Surface and Oil and Gas Mineral Estate(all depths and formations':
Interest Lease
City of Greeley 100.000000% 100.000000% 5
2. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
H.L. Willett Estate, Louise Willett Curtis 100.000000% 5
and Boyd Ryan Willett Jr. as
Personal Representatives
b. Royalty Interest-all depths and formations:
City of Greeley 20.000000% 5
c. Overriding Royalty Interest-all depths and formations:
None noted in the Materials Examined.
00. Tract 40-36
1. Surface Estate
City of Greeley 100.00%
2. Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Cottonwood Land and Farms LLC 100.000000% 5
3. Oil and Gas Leasehold Estate:
Extraction Oil&Gas LLC
Hiner Wells
March 18,2014
Page 51 of 418
a. Working Interest- all depths and formations:
H.L. Willett Estate, Louise Willett Curtis 100.000000% 5
Boyd Ryan Willett Jr.as
Personal Representatives
b. Royalty Interest- all depths and formations:
Cottonwood Land and Farms LLC 15.000000% 5
c. Overriding Royalty Interest-all depths and formations:
None noted in the Materials Examined.
PP. Tract 41-36
I. Surface and Oil and Gas Mineral Estate (all depths and formations):
Interest Ltase
City of Greeley 100.000000% 100.000000% 5
2. Oil and Gas Leasehold Estate:
a. Working Interest- all depths and formations:
H.L. Willett Estate,Louise Willett Curtis 100.000000% 5
Boyd Ryan Willett Jr.as
Personal Representatives
b. Royalty Interest-all depths and formations:
City of Greeley 15.000000% 5
c. Overriding Royalty Interest-all depths and formations:
None noted in the Materials Examined.
Extraction Oil&Gas LLC
Hiner Wells
March 18,2014
Page 52 of 418
QQ. Tract 42-36
I. Surface Estate
City of Greeley 100.00%
2. Oil and Gas Mineral Estate(all depths and formationsl:
Interest Lease
Cottonwood Land and Farms LLC 100.000000% 5
3. Oil and Gas Leasehold Estate:
a. Working Interest-all depths and formations:
H.L. Willett Estate, Louise Willett Curtis 100.000000% 5
Boyd Ryan Willett Jr. as
Personal Representatives
b. Royalty Interest-all depths and formations:
Cottonwood Land and Farms LLC 15.000000% 5
c. Overriding Royalty Interest- all depths and formations:
None noted in the Materials Examined.
RR. Tract 43-36
1. Surface and Oil and Gas Mineral Estate(all depths and formations):
Interest Lease
Michael A. Bucklen 100.000000% 14
2. Oil and Gas Leasehold Estate:
a. Working Interest all depths and formations:
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*PLEASE KEEP AND SCAN IN TYLER*
Notes for Rafaela
Please send the Lease to Recording
When the Oil and Gas Lease comes back from Recording, please be
sure to mail it back to the address below. An Envelope is attached.
Sarah Korner
Land Energy, Inc.
1615 California Street, Suite 702
Denver, CO 80202
Please include the following in the mailing:
*Original Recorded Lease
Thanks!
Karla
Date sent to Recording c2 Xm2O/6
Date led out .2-,27-G20/5
By 4 tok 0 9m, " `
Hello