WILLIAMS COAL SEAM GAS ROYALTY TRUST - FORM 10-K/A - EX-99.4

Attached files

file	filename
10-K/A - FORM 10-K/A - WILLIAMS COAL SEAM GAS ROYALTY TRUST	d78178e10vkza.htm
EX-23.2 - EX-23.2 - WILLIAMS COAL SEAM GAS ROYALTY TRUST	d78178exv23w2.htm
EX-32.1 - EX-32.1 - WILLIAMS COAL SEAM GAS ROYALTY TRUST	d78178exv32w1.htm
EX-31.1 - EX-31.1 - WILLIAMS COAL SEAM GAS ROYALTY TRUST	d78178exv31w1.htm

Exhibit 99.4

Reserve Report

February 17, 2010

Mr. Ron E. Hooper
Senior Vice President
U.S. Trust, Bank of America, Trustee
Williams Coal Seam Gas Royalty Trust
901 Main Street, Suite 1700
Dallas, TX 75202


Re:		Williams Coal Seam Gas Royalty Trust
		Proved Reserves and Future Net Revenues
		As of December 31, 2009
		Termination Present Value

Dear Mr. Hooper:

At your request, we estimated the proved reserves and projected the future net revenues from the gas reserves in the Fruitland Coal Formation that are attributable to the subject interests of the Williams Coal Seam Gas Royalty Trust (WTU). These interests consist of net profits interests in natural gas properties located in the San Juan Basin in Colorado and New Mexico. This report uses the pricing methodology described in the WTU Trust Agreement, Section 3.14 to arrive at the Trust “Termination Present Value.”

A summary of the estimates as of December 31, 2009 for the Underlying Properties and Royalty Interests (net to WTU) is as follows:

Termination Present Value

Net Gas

Future Net

Present Value

Reserves,

Revenues,

at 10 Percent

MMcf

Per Annum, M$

The Underlying Properties

Proved Developed

45,755

29,675

23,499

Proved Undeveloped

Total Proved

45,755

29,675

23,499

The Royalty Interests (Net to WTU)

Proved Developed

9,027

10,489

8,363

Proved Undeveloped

Total Proved

9,027

10,489

8,363

This report uses average prices for the past calendar year as described by the WTU Trust Agreement. For both the Underlying Properties and Royalty Interests (net to WTU) the gas price is based on the monthly average of Blanco Hub Spot Prices for 2009, which was $3.249 per MMBtu.

Two Houston Center • 909 Fannin Street, Suite 1300 • Houston, Texas 77010

Telephone 713-651-9455 • Telefax 713-654-9914 • e-mail: mail@millerandlents.com


Mr. Ron E. Hooper		February 17, 2010
U.S. Trust, Bank of America, Trustee		Page 2
Williams Coal Seam Gas Royalty Trust

Reserves reported herein are in accordance with SPE-PRMS definitions as shown in the Appendix. Other definitions estimates, descriptions, calculations, and assumptions other than gas pricing are like those utilized in our SEC Report as of December 31, 2009 which is dated February 12, 2010. This report should be referenced.

The production forecast for the total proved reserves and future net revenues as of December 31, 2009 attributable to the Underlying Properties and to WTU is shown on Table 1. All reserves were evaluated and under the Termination Present Value pricing, no proved undeveloped reserves were economic and therefore, not included. Table 2 is a one-line summary showing the contribution of each property to the total estimated future production and net revenues.

Estimates of future net revenues and discounted future net revenues are not intended and should not be interpreted to represent the fair market value of the estimated reserves.

The evaluations presented in this report, with the exceptions of those parameters specified by others, reflect our informed judgments based on accepted standards of professional investigation but are subject to those generally recognized uncertainties associated with interpretation of geological and engineering information. Government policies and market conditions different from those employed in this study may cause the total quantity of oil or gas to be recovered, actual production rates, prices received, and operating and capital costs to vary from those presented in this report. Minor precision inconsistencies in subtotals or totals may exist in the report due to truncation or rounding of aggregated values.

Miller and Lents, Ltd. is an independent oil and gas consulting firm. No director, officer, or key employee of Miller and Lents, Ltd. has any financial ownership in WTU or WPC or any related company. Our compensation for the required investigations and preparation of this report is not contingent on the results obtained and reported, and we have not performed other work that would affect our objectivity. Production of this report was supervised by an officer of the firm who is a professionally qualified and licensed Professional Engineer in the State of Texas with more than 25 years of relevant experience in the estimation, assessment, and evaluation of oil and gas reserves.


	Very truly yours, MILLER AND LENTS, LTD. Texas Registered Engineering Firm No. F-1442
	By	/s/ Stephen M. Hamburg
		Stephen M. Hamburg, P.E.
		Vice President

SMH/jj

Attachments

LIST OF ATTACHMENTS


	Table No.
Total Proved Reserves		1

One-line Summary		2

WILLIAMS COAL SEAM GAS ROYALTY TRUST
RESERVES AND ECONOMICS AS OF DECEMBER 31, 2009
UNDERLYING PROPERTIES AND TRUST INTERESTS

TERMINATION PRESENT VALUE
TOTAL PROVED RESERVES


	Underlying Properties																						Trust Interests
Year	Natural Gas, MMCF						Revenue		Net Oper Costs, M$						Future Net Revenue, M$				Tax Credits, M$				Future Net Revenue, M$				Tax Credits, M$
					Price		to Net Intr		Oper		Adv&Sev		Future				Disc			Disc	Net				Disc			Disc
	Gross		Net		$/Mcf		M$		Expns		Taxes		Capital		Annual		@10%		Annual	@10%	MMCF		Annual		@10%		Annual	@10%
2010		129,153		11,348		1.399		15,877		5,595		1,611		—		8,671		8,291				2,577		3,217		3,064
2011		100,978		8,846		1.393		12,325		4,747		1,248		—		6,330		5,504				1,907		2,325		2,007
2012		78,423		6,782		1.397		9,471		3,963		956		—		4,553		3,599				1,364		1,638		1,282
2013		60,542		5,208		1.390		7,238		3,292		730		—		3,217		2,311				978		1,128		800
2014		45,551		3,887		1.388		5,394		2,624		543		—		2,228		1,455				679		761		490
2015		33,642		2,814		1.395		3,926		2,013		394		—		1,519		902				458		504		295
2016		23,860		2,013		1.398		2,815		1,508		280		—		1,027		554				312		337		179
2017		17,227		1,434		1.388		1,990		1,101		197		—		692		339				219		221		106
2018		12,434		1,006		1.381		1,390		783		137		—		470		210				152		142		62
2019		8,866		700		1.354		948		535		92		—		320		130				117		92		37
2020		6,149		509		1.291		657		377		64		—		216		80				94		57		21
2021		4,063		346		1.281		443		255		44		—		145		49				65		33		11
2022		2,906		256		1.250		320		189		32		—		99		30				49		19		6
2023		2,140		184		1.289		237		147		25		—		66		18				30		10		3
2024		1,502		128		1.341		172		110		18		—		44		11				17		4		1
2025		1,020		90		1.396		125		82		14		—		29		7				8		2		0
2026		675		63		1.530		97		67		11		—		20		4				1		0		0
2027		490		49		1.617		79		57		9		—		13		2				—		—		—
2028		378		36		1.605		58		44		6		—		8		1				—		—		—
2029		263		20		1.730		35		27		4		—		5		1				—		—		—
AFTER		463		36		1.762		64		51		7		—		5		1				—		—		—
TOTAL		530,722		45,755		1.391		63,660		27,565		6,421		—		29,675		23,499				9,027		10,489		8,363


WILLIAMS PRODUCTION CO.		MILLER AND LENTS, LTD.
TERMINATION PRESENT VALUE

FRUITLAND COAL RESERVES
UNDERLYING PROPERTIES/WILLIAMS COAL SEAM GAS ROYALTY TRUST
RESERVES AND ECONOMIC SUMMARY
PROVED RESERVES AS OF DECEMBER 31, 2009


													NET		REVENUE		OPER.		ADV&SEV				BFIT NET		10% DISC
									LIFE		GROSS GAS		GAS		TO INT.		EXPENSE		TAXES		CAPITAL		REVENUE		REVENUE
LEASE NAME	PROPID		UNIT		LOCATION		WELLS		YEARS		MMCF		MMCF		M$		M$		M$		M$		M$		M$

STATE: COLORADO
PROVED DEVELOPED RESERVES
HENDRICKSON GU B #1		13385	PLA-9			32N 10W 20G		1		6		723		221		144		0		0		0		144		122
SO UTE TRIBAL I 2		13389	PLA-9			32N 10W 17G		1		13		2,135		654		683		0		0		0		683		492
SO UTE TRIBAL J #2		13390	PLA-9			32N 10W 7G		1		4		415		127		62		0		0		0		62		55

TOTAL PROVED DEVELOPED: 160-Acre Colorado								3				3,273		1,002		888		0		0		0		888		669

CARTER UTE #101		14449	PLA-9			32N 10W 12L		1		6		850		33		32		0		0		0		32		27
CARTER UTE #106		13397	PLA-9			32N 10W 11M		1		5		731		56		59		0		0		0		59		51
CARTER UTE #107		13398	PLA-9			32N 10W 13A		1		14		2,131		204		247		0		0		0		247		174
CLARK CUMMINS GU A #1		13383	PLA-9			32N 10W 19F		1		15		2,441		738		806		0		0		0		806		560
HENDRICKSON GU A #1		13384	PLA-9			32N 10W 20F		1		0		0		0		0		0		0		0		0		0
J B GARDNER GU A #1		13386	PLA-9			32N 10W 22E		1		11		1,986		412		462		0		0		0		462		346
MONTGOMERY, M H #9		15248	PLA-9			31N 10W 12H		1		11		2,122		406		593		0		0		0		593		450
ROBIN FRAZIER GU A #1		13387	PLA-9			32N 10W 23D		1		8		1,285		255		268		0		0		0		268		215
SO UTE 10-3, 32-10		13399	PLA-9			32N 10W 10G		1		16		3,078		471		658		0		0		0		658		446
SO UTE 15-3, 32-10		13400	PLA-9			32N 10W 15K		1		11		1,668		128		132		0		0		0		132		100
SO UTE 16-2, 32-10		13401	PLA-9			32N 10W 16K		1		7		1,076		124		123		0		0		0		123		103
SO UTE TRIBAL H #2		13388	PLA-9			32N 10W 18P		1		5		566		173		96		0		0		0		96		84
SO UTE TRIBAL KK #1		13391	PLA-9			32N 10W 7M		1		4		374		115		43		0		0		0		43		38
SO UTE TRIBAL LL #1		13392	PLA-9			32N 10W 8M		1		2		210		64		26		0		0		0		26		24
SO UTE TRIBAL MM #1		13393	PLA-9			32N 10W 8B		1		5		641		196		150		0		0		0		150		129
SO UTE TRIBAL NN #1		13394	PLA-9			32N 10W 17B		1		5		644		197		117		0		0		0		117		100
SO UTE TRIBAL OO #1		13395	PLA-9			32N 10W 18B		1		2		210		64		17		0		0		0		17		16
SO UTE TRIBAL SS #1		13396	PLA-9			32N 10W 21B		1		8		962		295		235		0		0		0		235		191

TOTAL PROVED DEVELOPED: 320-Acre Colorado								18				20,976		3,932		4,064		0		0		0		4,064		3,054



TOTAL PROVED DEVELOPED: COLORADO								21				24,249		4,934		4,953		0		0		0		4,953		3,723



TOTAL PROVED RESERVES: COLORADO								21				24,249		4,934		4,953		0		0		0		4,953		3,723


STATE: NEW MEXICO
PROVED DEVELOPED RESERVES
SAN JUAN 28-6 UNIT #418S		19353		28-6		28N 6W 28		1		4		55		3		6		5		1		0		1		1
SAN JUAN 28-6 UNIT #437S		6102		28-6		28N 6W 28G		1		3		63		4		7		5		1		0		2		2
SAN JUAN 28-6 UNIT #439S		20714		28-6		28N 6W 29		1		2		34		2		4		2		0		0		1		1
SAN JUAN 28-6 UNIT #459S		20126		28-6		28N 6W 21I		1		1		27		2		3		2		0		0		1		1
SAN JUAN 28-6 UNIT #467S		12609		28-6		28N 6W 34C		1		0		6		0		1		1		0		0		0		0
SAN JUAN 28-6 UNIT #474S		12616		28-6		28N 6W 27E		1		2		21		1		2		2		0		0		0		0
SAN JUAN 28-6 UNIT #475S		12610		28-6		28N 6W 34P		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #201A		5403		29-6		29N 6W 6H		1		1		35		5		5		4		1		0		0		0
SAN JUAN 29-6 UNIT #202A		5404		29-6		29N 6W 6L		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #203A		5406		29-6		29N 6W 7E		1		5		495		65		65		41		7		0		17		14
SAN JUAN 29-6 UNIT #204A		5405		29-6		29N 6W 7A		1		4		316		41		45		33		5		0		6		6
SAN JUAN 29-6 UNIT #205A		6095		29-6		29N 6W 21C		1		9		1,151		151		170		83		19		0		68		54
SAN JUAN 29-6 UNIT #207A		5555		29-6		29N 6W 2D		1		7		693		91		94		57		10		0		27		22
SAN JUAN 29-6 UNIT #208A		5551		29-6		29N 6W 17E		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #209A		5552		29-6		29N 6W 17O		1		6		675		89		96		53		11		0		32		27
SAN JUAN 29-6 UNIT #210A		6093		29-6		29N 6W 20D		1		11		1,328		175		194		99		22		0		74		55
SAN JUAN 29-6 UNIT #211A		6094		29-6		29N 6W 20H		1		2		143		19		22		17		2		0		3		3
SAN JUAN 29-6 UNIT #214A		5407		29-6		29N 6W 3P		1		4		345		45		45		32		5		0		8		7
SAN JUAN 29-6 UNIT #215A		5408		29-6		29N 6W 3C		1		9		1,114		146		147		79		16		0		52		41
SAN JUAN 29-6 UNIT #216A		5410		29-6		29N 6W 4K		1		6		703		92		94		55		10		0		28		23
SAN JUAN 29-6 UNIT #217A		5411		29-6		29N 6W 5H		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #218A		5412		29-6		29N 6W 5M		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #220A		6081		29-6		29N 6W 11O		1		9		1,093		144		151		79		17		0		55		43
SAN JUAN 29-6 UNIT #221A		6082		29-6		29N 6W 11E		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #236A		5553		29-6		29N 6W 18E		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #237A		5110		29-6		29N 6W 1O		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #238A		5033		29-6		29N 6W 1L		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #239A		5616		29-6		29N 6W 2B		1		1		56		7		8		7		1		0		0		0
SAN JUAN 29-6 UNIT #240A		6078		29-6		29N 6W 18P		1		4		388		51		53		34		6		0		13		12
SAN JUAN 29-6 UNIT #241A		6091		29-6		29N 6W 19I		1		11		1,473		194		222		102		25		0		95		71
SAN JUAN 29-6 UNIT #242A		5554		29-6		29N 6W 19D		1		9		1,007		132		149		79		17		0		54		42
SAN JUAN 29-6 UNIT #245A		5413		29-6		29N 6W 8D		1		3		230		30		31		24		3		0		3		3
SAN JUAN 29-6 UNIT #44A		5623		29-6		29N 6W 26N		1		4		262		30		45		26		5		0		14		13
SAN JUAN 29-6 UNIT #45A		5637		29-6		29N 6W 27A		1		7		712		94		136		57		15		0		64		54
SAN JUAN 29-6 UNIT #63A		5638		29-6		29N 6W 30H		1		7		1,053		138		205		68		23		0		114		96
SAN JUAN 29-6 UNIT #72A		6098		29-6		29N 6W 22L		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-7 UNIT #176		707		29-7		29N 7W 22F		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-7 UNIT #187		832		29-7		29N 7W 3M		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-7 UNIT #188		18165		29-7		29N 7W 6		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-7 UNIT #189		8020		29-7		29N 7W 14D		1		3		82		9		18		13		2		0		3		3
SAN JUAN 29-7 UNIT #190		11717		29-7		29N 7W 16I		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-7 UNIT #191		945		29-7		29N 7W 22J		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-7 UNIT #507S		6070		29-7		29N 7W 13G		1		8		629		72		139		52		15		0		72		59
SAN JUAN 29-7 UNIT #520S		6062		29-7		29N 7W 8E		1		3		96		11		20		14		2		0		4		4
SAN JUAN 29-7 UNIT #521S		6069		29-7		29N 7W 13L		1		7		510		59		109		45		12		0		51		43
SAN JUAN 29-7 UNIT #526S		12224		29-7		29N 7W 21E		1		2		39		4		12		9		1		0		2		2
SAN JUAN 29-7 UNIT #530S		6076		29-7		29N 7W 24A		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-7 UNIT #545S		6068		29-7		29N 7W 12H		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-7 UNIT #549S		11702		29-7		29N 7W 9M		1		4		195		22		44		24		5		0		15		13
SAN JUAN 29-7 UNIT #563S		1195		29-7		29N 7W 24L		1		7		502		58		126		42		14		0		70		60
SAN JUAN 29-7 UNIT #585S		30440		29-7		29N 7W 15P		1		2		69		8		16		12		2		0		2		2
SAN JUAN 29-7 UNIT #589		20697		29-7		29N 7W 21O		1		2		48		5		15		11		2		0		2		2
CAT DRAW COM #101S		20071		30-5		30N 5W 23P		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #201A		5722		30-5		30N 5W 19D		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #202A		1551		30-5		30N 5W 6P		1		4		574		108		120		60		13		0		46		42
SAN JUAN 30-5 UNIT #203A		9785		30-5		30N 5W 6L		1		5		742		140		157		76		17		0		64		57
SAN JUAN 30-5 UNIT #206A		5721		30-5		30N 5W 18O		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #207A		5034		30-5		30N 5W 18E		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #208A		5723		30-5		30N 5W 19P		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #209A		5781		30-5		30N 5W 30O		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #210A		5780		30-5		30N 5W 30C		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #212A		5782		30-5		30N 5W 31E		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #213A		17901		30-5		30N 5W 5A		1		4		430		81		90		52		10		0		28		25
SAN JUAN 30-5 UNIT #214A		8013		30-5		30N 5W 5E		1		2		201		38		42		30		5		0		8		7
SAN JUAN 30-5 UNIT #215A		5702		30-5		30N 5W 8H		1		1		52		10		10		9		1		0		1		1
SAN JUAN 30-5 UNIT #216A		5731		30-5		30N 5W 20D		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #217A		5734		30-5		30N 5W 21C		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #218A		5720		30-5		30N 5W 17O		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #219A		5108		30-5		30N 5W 5C		1		1		115		22		23		19		3		0		2		2
SAN JUAN 30-5 UNIT #220A		8014		30-5		30N 5W 8		1		6		838		158		175		87		19		0		69		59
SAN JUAN 30-5 UNIT #223A		5733		30-5		30N 5W 21P		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #226A		5772		30-5		30N 5W 29C		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #229A		5735		30-5		30N 5W 21J		1		0		26		5		5		4		1		0		0		0
SAN JUAN 30-5 UNIT #231A		5139		30-5		30N 5W 32M		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #234A		5737		30-5		30N 5W 22D		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #237A		5052		30-5		30N 5W 16B		1		2		157		30		31		25		3		0		3		3
SAN JUAN 30-5 UNIT #239A		5716		30-5		30N 5W 15M		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #240A		5738		30-5		30N 5W 22H		1		1		42		8		9		8		1		0		0		0


WILLIAMS PRODUCTION CO.		MILLER AND LENTS, LTD.
TERMINATION PRESENT VALUE

FRUITLAND COAL RESERVES
UNDERLYING PROPERTIES/WILLIAMS COAL SEAM GAS ROYALTY TRUST
RESERVES AND ECONOMIC SUMMARY
PROVED RESERVES AS OF DECEMBER 31, 2009


													NET		REVENUE		OPER.		ADV&SEV				BFIT NET		10% DISC
									LIFE		GROSS GAS		GAS		TO INT.		EXPENSE		TAXES		CAPITAL		REVENUE		REVENUE
LEASE NAME	PROPID		UNIT		LOCATION		WELLS		YEARS		MMCF		MMCF		M$		M$		M$		M$		M$		M$

SAN JUAN 30-5 UNIT #241A		5739		30-5		30N 5W 23L		1		3		228		43		48		36		5		0		7		6
SAN JUAN 30-5 UNIT #243A		5718		30-5		30N 5W 15O		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #249A		5740		30-5		30N 5W 23A		1		3		227		43		49		35		5		0		9		8
SAN JUAN 30-5 UNIT #255A		5714		30-5		30N 5W 14M		1		1		122		23		27		19		3		0		5		5
SAN JUAN 30-5 UNIT #257A		5712		30-5		30N 5W 11M		1		5		792		149		169		81		19		0		69		60
SAN JUAN 30-5 UNIT #258A		5715		30-5		30N 5W 14G		1		2		160		30		34		24		4		0		6		6
SAN JUAN 30-5 UNIT #259A		12145		30-5		30N 5W 9L		1		3		233		44		51		36		6		0		9		8
SAN JUAN 30-5 UNIT #260A		9786		30-5		30N 5W 9L		1		8		1,313		247		266		124		30		0		113		93
SAN JUAN 30-5 UNIT #261A		5713		30-5		30N 5W 9L		1		3		491		92		104		51		12		0		42		38
SAN JUAN 30-5 UNIT #263A		12144		30-5		30N 5W 9L		1		3		284		53		63		37		7		0		19		18
SAN JUAN 30-5 UNIT #264A		5710		30-5		30N 5W 9O		1		7		982		185		195		105		22		0		69		57
SAN JUAN 30-5 UNIT #265A		5711		30-5		30N 5W 10O		1		7		1,289		242		260		115		29		0		116		97
SAN JUAN 30-5 UNIT #266A		8017		30-5		30N 5W 10		1		6		1,126		212		225		104		25		0		96		81
SAN JUAN 30-5 UNIT #267A		11794		30-5		30N 5W 24O		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #268A		11795		30-5		30N 5W 23A		1		3		244		46		53		36		6		0		11		10
SAN JUAN 30-6 UNIT #400S		6042		30-6		30N 7W 14M		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #401S		6041		30-6		30N 7W 13N		1		1		92		5		9		6		1		0		1		1
SAN JUAN 30-6 UNIT #403S		5435		30-6		30N 6W 9G		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #404S		5516		30-6		30N 7W 23B		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #405S		5436		30-6		30N 6W 9M		1		2		158		8		14		11		2		0		2		2
SAN JUAN 30-6 UNIT #408S		19395		30-6		30N 6W 16		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #410S		5539		30-6		30N 6W 26A		1		4		375		19		33		20		4		0		10		8
SAN JUAN 30-6 UNIT #411S		1258		30-6		30N 7W 35K		1		1		57		3		5		4		1		0		0		0
SAN JUAN 30-6 UNIT #412S		996		30-6		30N 7W 24K		1		0		10		1		1		1		0		0		0		0
SAN JUAN 30-6 UNIT #413S		5508		30-6		30N 7W 23K		1		2		122		6		11		9		1		0		1		1
SAN JUAN 30-6 UNIT #414S		1260		30-6		30N 7W 27M		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #415S		5077		30-6		30N 7W 26N		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #419S		6028		30-6		30N 7W 11H		1		2		150		7		15		10		2		0		3		3
SAN JUAN 30-6 UNIT #420S		6039		30-6		30N 7W 12G		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #422S		1261		30-6		30N 7W 33H		1		4		287		14		26		18		3		0		5		5
SAN JUAN 30-6 UNIT #423S		1782		30-6		30N 7W 28		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #424S		1723		30-6		30N 7W 33E		1		3		169		8		17		11		2		0		3		3
SAN JUAN 30-6 UNIT #425S		1322		30-6		30N 7W 35H		1		15		1,949		97		182		80		20		0		82		57
SAN JUAN 30-6 UNIT #426S		1271		30-6		30N 7W 34K		1		7		643		32		59		33		7		0		19		16
SAN JUAN 30-6 UNIT #429S		1773		30-6		30N 7W 32J		1		7		707		35		66		36		7		0		22		18
SAN JUAN 30-6 UNIT #430S		5447		30-6		30N 6W 8G		1		2		118		6		10		8		1		0		2		1
SAN JUAN 30-6 UNIT #431S		5450		30-6		30N 6W 10M		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #432S		5448		30-6		30N 6W 10B		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #433S		11700		30-6		30N 6W 11K		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #434S		5469		30-6		30N 6W 12M		1		4		309		15		29		17		3		0		9		8
SAN JUAN 30-6 UNIT #435S		5484		30-6		30N 6W 13I		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #436S		5525		30-6		30N 6W 15G		1		4		323		16		28		19		3		0		6		5
SAN JUAN 30-6 UNIT #437S		5504		30-6		30N 6W 11H		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #438S		5468		30-6		30N 6W 12H		1		0		4		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #441S		5495		30-6		30N 6W 31A		1		2		141		7		12		8		1		0		2		2
SAN JUAN 30-6 UNIT #442S		5485		30-6		30N 6W 14P		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #443S		1206		30-6		30N 6W 36G		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #444S		19402		30-6		30N 6W 36N		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #445S		5479		30-6		30N 6W 13I		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #446S		5502		30-6		30N 6W 35N		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #450S		5437		30-6		30N 6W 7K		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #451S		5430		30-6		30N 6W 7H		1		0		5		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #452S		5438		30-6		30N 6W 8N		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #454S		5529		30-6		30N 6W 17A		1		1		69		3		6		5		1		0		0		0
SAN JUAN 30-6 UNIT #455S		5530		30-6		30N 6W 18N		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #457S		5257		30-6		30N 6W 19M		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #460S		5487		30-6		30N 6W 20N		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #461S		5503		30-6		30N 7W 11M		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #462S		6040		30-6		30N 7W 12M		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #463S		5505		30-6		30N 7W 13H		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #465S		5507		30-6		30N 7W 15J		1		2		95		5		10		7		1		0		1		1
SAN JUAN 30-6 UNIT #466S		6051		30-6		30N 7W 22B		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #467S COM		6049		30-6		30N 7W 22M		1		2		124		3		6		4		1		0		1		1
SAN JUAN 30-6 UNIT #468S		5117		30-6		30N 7W 36K		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #471S		5488		30-6		30N 6W 21K		1		1		64		3		6		5		1		0		1		1
SAN JUAN 30-6 UNIT #473S		5535		30-6		30N 6W 22M		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #475S		5493		30-6		30N 6W 27L		1		0		15		1		1		1		0		0		0		0
SAN JUAN 30-6 UNIT #476S		5541		30-6		30N 6W 28A		1		5		522		26		46		26		5		0		15		13
SAN JUAN 30-6 UNIT #477S		5130		30-6		30N 6W 28M		1		6		649		32		54		30		6		0		18		15
SAN JUAN 30-6 UNIT #478S		5137		30-6		30N 6W 29A		1		5		452		23		37		22		4		0		10		9
SAN JUAN 30-6 UNIT #479S		5542		30-6		30N 6W 29K		1		3		333		17		28		16		3		0		9		8
SAN JUAN 30-6 UNIT #481S		5431		30-6		30N 6W 30J		1		1		49		2		4		3		0		0		0		0
SAN JUAN 30-6 UNIT #483S		5500		30-6		30N 6W 34H		1		4		360		18		31		20		3		0		8		7
SAN JUAN 30-6 UNIT #484S		5499		30-6		30N 6W 34N		1		2		166		8		14		10		2		0		3		3
SAN JUAN 30-6 UNIT #485S		5116		30-6		30N 7W 36G		1		2		109		5		9		7		1		0		1		1
SAN JUAN 30-6 UNIT #486S		5143		30-6		30N 6W 23H		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #488S		5490		30-6		30N 6W 24A		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #489S		5489		30-6		30N 6W 24K		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #490S		5492		30-6		30N 6W 25H		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #491S		5491		30-6		30N 6W 25M		1		1		86		4		7		6		1		0		0		0
SAN JUAN 30-6 UNIT #493S		5131		30-6		30N 6W 32M		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #494S		5498		30-6		30N 6W 33B		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #495S		5497		30-6		30N 6W 33K		1		4		427		21		36		22		4		0		10		9
SAN JUAN 30-6 UNIT #496S		5501		30-6		30N 6W 35G		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #497S		1778		30-6		30N 7W 33I		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #201A		1813		31-6		30N 6W 1		1		2		199		21		23		18		3		0		2		2
SAN JUAN 31-6 UNIT #202A		1812		31-6		30N 6W 1D		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #203A		1819		31-6		30N 6W 3		1		1		49		5		6		5		1		0		0		0
SAN JUAN 31-6 UNIT #204A		1817		31-6		30N 6W 3		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #205A		1821		31-6		30N 6W 4		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #206A		1820		31-6		30N 6W 4		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #209A		6030		31-6		30N 6W 1L		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #210A		1816		31-6		30N 6W 2		1		0		16		2		2		2		0		0		0		0
SAN JUAN 31-6 UNIT #211A		1815		31-6		30N 6W 2		1		9		1,477		158		172		100		19		0		53		42
SAN JUAN 31-6 UNIT #212A		5613		31-6		30N 6W 5P		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #213A		5612		31-6		30N 6W 5E		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #214A		1360		31-6		31N 6W 36H		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #215A		1361		31-6		31N 6W 36K		1		2		178		19		22		17		2		0		2		2
SAN JUAN 31-6 UNIT #216A		1788		31-6		31N 6W 35A		1		2		286		31		34		24		4		0		6		5
SAN JUAN 31-6 UNIT #217A		1363		31-6		31N 6W 35M		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #218A		1790		31-6		31N 6W 34		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #219A		1789		31-6		31N 6W 34		1		1		141		15		17		14		2		0		1		1
SAN JUAN 31-6 UNIT #223A		1377		31-6		31N 6W 32I		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #229A		1386		31-6		31N 6W 28		1		2		167		18		20		15		2		0		3		3
SAN JUAN 31-6 UNIT #230A		1383		31-6		31N 6W 27A		1		4		515		55		62		43		7		0		12		11
SAN JUAN 31-6 UNIT #231A		1384		31-6		31N 6W 27E		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #234A		1385		31-6		31N 6W 29L		1		1		54		6		7		5		1		0		0		0
ALLISON UNIT COM #105S		5141		32-7		32N 7W 26C		1		2		103		5		7		5		1		0		2		1
ALLISON UNIT COM #146S		5266		32-7		32N 7W 23		1		4		228		20		30		18		3		0		9		8
FEDERAL G #5 COM		5796		32-7		31N 7W 10G		1		5		378		8		13		6		1		0		6		5
MIDDLE MESA COM #3S		4769		32-7		32N 7W 33M		1		6		533		24		34		16		4		0		14		12
SAN JUAN 32-7 UNIT #202A		10784		32-7		32N 7W 18		1		6		530		94		149		60		16		0		72		62
SAN JUAN 32-7 UNIT #203A		5109		32-7		32N 7W 22M		1		2		153		27		40		23		4		0		12		12
SAN JUAN 32-7 UNIT #204A		4126		32-7		32N 7W 36C		1		0		0		0		0		0		0		0		0		0


WILLIAMS PRODUCTION CO.		MILLER AND LENTS, LTD.
TERMINATION PRESENT VALUE

FRUITLAND COAL RESERVES
UNDERLYING PROPERTIES/WILLIAMS COAL SEAM GAS ROYALTY TRUST
RESERVES AND ECONOMIC SUMMARY
PROVED RESERVES AS OF DECEMBER 31, 2009


													NET		REVENUE		OPER.		ADV&SEV				BFIT NET		10% DISC
									LIFE		GROSS GAS		GAS		TO INT.		EXPENSE		TAXES		CAPITAL		REVENUE		REVENUE
LEASE NAME	PROPID		UNIT		LOCATION		WELLS		YEARS		MMCF		MMCF		M$		M$		M$		M$		M$		M$

SAN JUAN 32-7 UNIT #205A		1231		32-7		32N 7W 22M		1		11		1,772		316		464		127		50		0		287		225
SAN JUAN 32-7 UNIT #206A		719		32-7		32N 7W 27P		1		6		510		91		129		60		14		0		55		47
SAN JUAN 32-7 UNIT #207A		5812		32-7		32N 7W 27C		1		5		457		81		116		56		13		0		48		41
SAN JUAN 32-7 UNIT #208A		970		32-7		32N 7W 34B		1		3		221		39		57		33		6		0		17		15
SAN JUAN 32-7 UNIT #209A		1207		32-7		32N 7W 35A		1		5		394		70		101		47		11		0		43		38
SAN JUAN 32-7 UNIT #210A		4125		32-7		32N 7W 36K		1		3		209		37		53		33		6		0		14		13
SAN JUAN 32-7 UNIT #211A		648		32-7		32N 7W 35N		1		4		285		51		72		37		8		0		27		25
SAN JUAN 32-7 UNIT #213A COM		12143		32-7		31N 7W 18M		1		5		357		40		58		32		6		0		19		17
SAN JUAN 32-7 UNIT #214A		5804		32-7		32N 7W 34C		1		4		223		40		58		35		6		0		16		15
SAN JUAN 32-7 UNIT #215A		1210		32-7		32N 7W 32N		1		7		705		126		181		76		20		0		85		71
SAN JUAN 32-7 UNIT #216A		6120		32-7		31N 7W 4D		1		3		199		35		50		32		5		0		13		12
SAN JUAN 32-7 UNIT #217A		655		32-7		31N 7W 4A		1		9		960		171		246		97		27		0		122		97
SAN JUAN 32-7 UNIT #218A		1208		32-7		31N 7W 5M		1		8		849		151		227		86		24		0		116		95
SAN JUAN 32-7 UNIT #219A		6122		32-7		31N 7W 5P		1		7		799		142		205		80		22		0		103		85
SAN JUAN 32-7 UNIT #220A		6011		32-7		32N 7W 5M		1		3		178		28		42		24		5		0		14		13
SAN JUAN 32-7 UNIT #221A		694		32-7		31N 7W 8H		1		3		166		30		45		30		5		0		10		9
SAN JUAN 32-7 UNIT #222A		6008		32-7		32N 7W 20P		1		14		1,890		337		498		158		54		0		286		207
SAN JUAN 32-7 UNIT #224A COM		4795		32-7		32N 7W 21N		1		11		1,537		205		306		95		33		0		178		137
SAN JUAN 32-7 UNIT #227A COM		6010		32-7		31N 7W 18M		1		4		243		33		50		28		5		0		17		15
SAN JUAN 32-7 UNIT #228A COM		12142		32-7		31N 7W 7M		1		6		465		42		63		32		7		0		24		20
SAN JUAN 32-7 UNIT #229A		4893		32-7		31N 7W 9B		1		4		266		47		68		39		7		0		21		19
SAN JUAN 32-7 UNIT #230A		5798		32-7		31N 7W 17O		1		1		29		5		8		6		1		0		0		0
SAN JUAN 32-7 UNIT #231A		1323		32-7		31N 7W 17L		1		0		0		0		0		0		0		0		0		0
SAN JUAN 32-7 UNIT #232A		4127		32-7		31N 7W 8N		1		8		679		121		176		81		19		0		76		62
SAN JUAN 32-7 UNIT #233A		11353		32-7		32N 7W 20L		1		7		1,096		195		295		86		32		0		178		149
SAN JUAN 32-7 UNIT #234A		1229		32-7		32N 7W 32H		1		1		40		7		10		8		1		0		1		1
SAN JUAN 32-7 UNIT #235A		5811		32-7		32N 7W 29N		1		11		1,982		353		515		133		56		0		326		255
SAN JUAN 32-7 UNIT #236A		720		32-7		32N 7W 28J		1		7		751		134		193		73		21		0		100		84
SAN JUAN 32-7 UNIT #237A		721		32-7		32N 7W 28J		1		0		14		3		4		3		0		0		0		0
SAN JUAN 32-7 UNIT #238A		1211		32-7		32N 7W 29B		1		7		799		142		207		72		22		0		112		95
SAN JUAN 32-7 UNIT #240A		717		32-7		32N 7W 19J		1		10		1,379		246		364		116		39		0		209		163
SAN JUAN 32-7 UNIT #241A		718		32-7		32N 7W 21I		1		2		144		26		38		23		4		0		11		11
SAN JUAN 32-7 UNIT #242A		1212		32-7		32N 7W 33F		1		6		599		107		154		66		17		0		71		60
SAN JUAN 32-7 UNIT #243A		750		32-7		32N 7W 19C		1		10		1,226		218		327		109		35		0		183		144
SAN JUAN 32-7 UNIT #244A		5818		32-7		32N 7W 17E		1		8		770		137		211		81		23		0		107		89
SAN JUAN 32-7 UNIT #245		19416		32-7		32N 7W 17G		1		7		1,673		298		460		92		50		0		318		274
SAN JUAN 32-7 UNIT #246A		12147		32-7		32N 7W 18A		1		11		1,931		344		522		133		56		0		333		259
SAN JUAN 32-7 UNIT #247A		10788		32-7		32N 7W 7G		1		4		112		20		65		37		7		0		21		19
SAN JUAN 32-7 UNIT #248A		4389		32-7		32N 7W 8		1		8		877		156		242		85		26		0		130		107
SAN JUAN 32-7 UNIT #249A		757		32-7		32N 7W 8		1		9		1,046		186		298		95		32		0		171		139
SAN JUAN 32-7 UNIT #250A		11697		32-7		32N 7W 17K		1		8		1,170		208		315		91		34		0		191		158
RATTLESNAKE CANYON #105S		4771		32-8		32N 8W 20		1		8		1,304		55		81		34		9		0		38		31
SAN JUAN 32-8 UNIT #202A		1495		32-8		32N 8W 27M		1		4		476		53		79		39		8		0		31		28
SAN JUAN 32-8 UNIT #203A		1213		32-8		32N 8W 33G		1		1		92		10		15		12		2		0		2		2
SAN JUAN 32-8 UNIT #204A		5142		32-8		32N 8W 34L		1		5		744		83		119		55		13		0		51		45
SAN JUAN 32-8 UNIT #205A		1504		32-8		32N 8W 34G		1		5		633		71		102		51		11		0		40		35
SAN JUAN 32-8 UNIT #206A		5603		32-8		31N 8W 24G		1		1		67		8		11		8		1		0		1		1
SAN JUAN 32-8 UNIT #207A		5598		32-8		31N 8W 22N		1		0		0		0		0		0		0		0		0		0
SAN JUAN 32-8 UNIT #208A		4275		32-8		32N 8W 29N		1		9		2,139		238		324		115		35		0		174		139
SAN JUAN 32-8 UNIT #213A		6003		32-8		32N 8W 22N		1		7		1,208		135		201		79		22		0		100		84
SAN JUAN 32-8 UNIT #218A		1514		32-8		32N 8W 35G		1		6		981		109		159		68		17		0		74		63
SAN JUAN 32-8 UNIT #219A		1529		32-8		32N 8W 35M		1		4		478		53		79		43		9		0		27		24
SAN JUAN 32-8 UNIT #220A		5602		32-8		31N 8W 24D		1		3		317		35		50		33		5		0		11		10
SAN JUAN 32-8 UNIT #221A		5583		32-8		31N 8W 9D		1		3		383		43		59		34		6		0		18		17
SAN JUAN 32-8 UNIT #222A		5584		32-8		31N 8W 9O		1		5		605		67		91		49		10		0		33		29
SAN JUAN 32-8 UNIT #223A		5588		32-8		31N 8W 10E		1		7		1,024		114		157		72		17		0		68		58
SAN JUAN 32-8 UNIT #224A		5589		32-8		31N 8W 10P		1		4		517		58		82		43		9		0		30		27
SAN JUAN 32-8 UNIT #225A		5592		32-8		31N 8W 15E		1		2		222		25		34		23		4		0		7		7
SAN JUAN 32-8 UNIT #226A		5593		32-8		31N 8W 15P		1		2		181		20		27		19		3		0		5		5
SAN JUAN 32-8 UNIT #227A		5594		32-8		31N 8W 16E		1		0		18		2		3		2		0		0		0		0
SAN JUAN 32-8 UNIT #228A		5595		32-8		31N 8W 16O		1		5		540		60		81		48		9		0		24		21
SAN JUAN 32-8 UNIT #229A		1204		32-8		32N 8W 20E		1		7		1,182		132		199		77		22		0		101		85
SAN JUAN 32-8 UNIT #230A		1544		32-8		32N 8W 28G		1		5		662		74		104		54		11		0		39		34
SAN JUAN 32-8 UNIT #231A		1541		32-8		32N 8W 28L		1		10		1,864		208		296		117		32		0		147		115
SAN JUAN 32-8 UNIT #232A		972		32-8		32N 8W 29N		1		3		379		42		61		34		7		0		20		19
SAN JUAN 32-8 UNIT #233A		5675		32-8		32N 8W 30O		1		4		476		53		74		42		8		0		24		21
SAN JUAN 32-8 UNIT #234A		4904		32-8		31N 8W 21E		1		1		52		6		7		6		1		0		0		0
SAN JUAN 32-8 UNIT #235A		5597		32-8		31N 8W 21O		1		1		48		5		7		6		1		0		0		0
SAN JUAN 32-8 UNIT #236A		5599		32-8		31N 8W 22O		1		2		207		23		30		22		3		0		4		4
SAN JUAN 32-8 UNIT #237A		5601		32-8		31N 8W 23I		1		0		0		0		0		0		0		0		0		0
SAN JUAN 32-8 UNIT #238A		5600		32-8		31N 8W 23E		1		1		92		10		13		11		1		0		1		1
SAN JUAN 32-8 UNIT #239A		5670		32-8		31N 8W 30D		1		3		312		35		49		30		5		0		14		12
SAN JUAN 32-8 UNIT #240A		5047		32-8		31N 8W 3E		1		4		560		62		87		47		9		0		31		27
SAN JUAN 32-8 UNIT #241A		5558		32-8		31N 8W 4O		1		6		920		103		141		66		15		0		60		51
SAN JUAN 32-8 UNIT #242A		5557		32-8		31N 8W 4E		1		5		558		62		85		48		9		0		28		25
SAN JUAN 32-8 UNIT #243A		1884		32-8		31N 8W 11M		1		5		613		68		98		50		11		0		38		33
SAN JUAN 32-8 UNIT #244A		5591		32-8		31N 8W 14P		1		2		195		22		29		21		3		0		5		5
SAN JUAN 32-8 UNIT #245A		5590		32-8		31N 8W 14F		1		1		109		12		17		13		2		0		2		2
SAN JUAN 32-8 UNIT #247A		5999		32-8		32N 8W 19E		1		8		1,593		178		264		93		29		0		143		118
SAN JUAN 32-8 UNIT #248A		1885		32-8		32N 8W 11G		1		0		0		0		0		0		0		0		0		0
SAN JUAN 32-8 UNIT #249R		11696		32-8		31N 8W 3A		1		1		70		8		11		8		1		0		2		2
SAN JUAN 32-8 UNIT #250A		5048		32-8		32N 8W 33M		1		6		882		98		138		62		15		0		61		52
SAN JUAN 32-8 UNIT #253A		1887		32-8		32N 8W 27G		1		6		794		89		131		61		14		0		56		48
SAN JUAN 32-8 UNIT #254A		12149		32-8		32N 8W 23F		1		7		1,063		119		178		80		19		0		79		66
SAN JUAN 32-8 UNIT #255A		1867		32-8		32N 8W 24		1		5		617		69		105		52		11		0		42		36
SAN JUAN 32-8 UNIT #256A		1888		32-8		32N 8W 25		1		6		1,002		112		168		68		18		0		82		70
SAN JUAN 32-8 UNIT #257A		6000		32-8		32N 8W 19I		1		6		1,045		117		168		69		18		0		81		70
SAN JUAN 32-8 UNIT #258A		6001		32-8		32N 8W 15P		1		0		0		0		0		0		0		0		0		0
SAN JUAN 32-8 UNIT #259		6004		32-8		32N 8W 22N		1		2		157		18		27		17		3		0		6		6
SAN JUAN 32-8 UNIT #260A		5998		32-8		32N 8W 18M		1		8		1,531		171		256		91		28		0		136		113
SAN JUAN 32-8 UNIT #261A		6507		32-8		32N 8W 17D		1		0		0		0		0		0		0		0		0		0
SAN JUAN 32-8 UNIT #262A		727		32-8		32N 8W 17P		1		5		597		67		101		53		11		0		37		32
SAN JUAN 32-8 UNIT #263		19428		32-8		32N 8W 15A		1		7		849		95		147		71		16		0		60		50
SAN JUAN 32-8 UNIT #264A		11695		32-8		32N 8W 9		1		0		0		0		0		0		0		0		0		0
SAN JUAN 32-8 UNIT #265A		10792		32-8		32N 8W 14C		1		8		1,158		129		201		87		22		0		92		75
SAN JUAN 32-8 UNIT #266		10790		32-8		32N 8W 14		1		1		49		5		9		8		1		0		1		1
SAN JUAN 32-8 UNIT #267		6005		32-8		32N 8W 23I		1		7		923		103		163		72		18		0		74		62
SAN JUAN 32-9 UNIT #104S		5911		32-9		32N 10W 24G		1		0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #201S		5935		32-9		31N 9W 2H		1		0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #202S		5939		32-9		31N 9W 2M		1		0		14		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #215S		5992		32-9		32N 9W 10M		1		6		1,152		30		40		18		4		0		17		15
SAN JUAN 32-9 UNIT #217S		5994		32-9		32N 9W 16I		1		4		638		17		23		12		2		0		8		7
SAN JUAN 32-9 UNIT #226S		5970		32-9		32N 9W 32H		1		0		30		1		1		1		0		0		0		0
SAN JUAN 32-9 UNIT #228S		5978		32-9		32N 9W 36G		1		3		374		10		12		8		1		0		3		3
SAN JUAN 32-9 UNIT #229S		5933		32-9		32N 10W 36H		1		1		49		1		2		1		0		0		0		0
SAN JUAN 32-9 UNIT #230S		5934		32-9		32N 10W 36M		1		1		148		4		5		4		1		0		1		1
SAN JUAN 32-9 UNIT #235S		5979		32-9		32N 9W 36M		1		1		146		4		5		4		1		0		1		1
SAN JUAN 32-9 UNIT #241S		5993		32-9		32N 9W 13		1		9		2,521		66		91		32		10		0		49		40
SAN JUAN 32-9 UNIT #250S		5945		32-9		31N 9W 4G		1		1		79		2		2		2		0		0		0		0
SAN JUAN 32-9 UNIT #251S		5947		32-9		31N 9W 4M		1		0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #252S		5949		32-9		31N 9W 5A		1		1		113		3		4		3		0		0		0		0
SAN JUAN 32-9 UNIT #253S		5952		32-9		31N 9W 5M		1		0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #254S		5953		32-9		31N 9W 6A		1		1		69		2		2		2		0		0		0		0
SAN JUAN 32-9 UNIT #255S		5955		32-9		31N 9W 6L		1		0		0		0		0		0		0		0		0		0


WILLIAMS PRODUCTION CO.		MILLER AND LENTS, LTD.
TERMINATION PRESENT VALUE

FRUITLAND COAL RESERVES
UNDERLYING PROPERTIES/WILLIAMS COAL SEAM GAS ROYALTY TRUST
RESERVES AND ECONOMIC SUMMARY
PROVED RESERVES AS OF DECEMBER 31, 2009


													NET		REVENUE		OPER.		ADV&SEV				BFIT NET		10% DISC
									LIFE		GROSS GAS		GAS		TO INT.		EXPENSE		TAXES		CAPITAL		REVENUE		REVENUE
LEASE NAME	PROPID		UNIT		LOCATION		WELLS		YEARS		MMCF		MMCF		M$		M$		M$		M$		M$		M$

SAN JUAN 32-9 UNIT #257S		5957		32-9		31N 9W 8N		1		0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #259S		5959		32-9		31N 9W 9L		1		0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #260S		5960		32-9		31N 9W 10B		1		1		64		2		2		2		0		0		0		0
SAN JUAN 32-9 UNIT #261S		5961		32-9		31N 9W 10N		1		0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #262S		12591		32-9		31N 9W 15A		1		0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #268S		5859		32-9		31N 10W 1A		1		0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #270S		5991		32-9		32N 9W 18A		1		4		612		16		21		11		2		0		7		6
SAN JUAN 32-9 UNIT #271S		1351		32-9		32N 9W 18L		1		3		440		11		15		9		2		0		4		3
SAN JUAN 32-9 UNIT #272S		12611		32-9		32N 8W 21		1		3		330		9		12		8		1		0		3		3
SAN JUAN 32-9 UNIT #273S		5980		32-9		32N 9W 19L		1		1		126		3		4		3		0		0		1		1
SAN JUAN 32-9 UNIT #274S		5962		32-9		32N 9W 28H		1		2		265		7		9		6		1		0		2		2
SAN JUAN 32-9 UNIT #275S		5965		32-9		32N 9W 29M		1		3		374		10		13		9		1		0		3		3
SAN JUAN 32-9 UNIT #276S		5964		32-9		32N 9W 27M		1		3		300		8		10		7		1		0		2		2
SAN JUAN 32-9 UNIT #277S		5966		32-9		32N 9W 30M		1		3		340		9		11		8		1		0		2		2
SAN JUAN 32-9 UNIT #278S		5967		32-9		32N 9W 31A		1		0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #279S		5968		32-9		32N 9W 31M		1		0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #281S		5974		32-9		32N 9W 32K		1		0		22		1		1		1		0		0		0		0
SAN JUAN 32-9 UNIT #282S		5975		32-9		32N 9W 33G		1		2		200		5		7		5		1		0		1		1
SAN JUAN 32-9 UNIT #283S		5976		32-9		32N 9W 33L		1		2		237		6		8		6		1		0		2		1
SAN JUAN 32-9 UNIT #284S		1357		32-9		32N 10W 13A		1		4		510		13		17		10		2		0		5		4
SAN JUAN 32-9 UNIT #285S		5855		32-9		32N 10W 13N		1		4		663		17		22		12		2		0		7		6
SAN JUAN 32-9 UNIT #286S		5914		32-9		32N 10W 14A		1		6		1,015		26		32		17		3		0		11		10
SAN JUAN 32-9 UNIT #287S		5915		32-9		32N 10W 14K		1		2		365		10		12		7		1		0		3		3
SAN JUAN 32-9 UNIT #288S		5916		32-9		32N 10W 23B		1		3		445		12		15		9		2		0		4		4
SAN JUAN 32-9 UNIT #289S		5918		32-9		32N 10W 23M		1		1		104		3		3		3		0		0		0		0
SAN JUAN 32-9 UNIT #291S		5402		32-9		32N 10W 24M		1		4		455		12		15		10		2		0		4		3
SAN JUAN 32-9 UNIT #292S		5925		32-9		32N 10W 25A		1		0		22		1		1		1		0		0		0		0
SAN JUAN 32-9 UNIT #293S		5927		32-9		32N 10W 25M		1		0		36		1		1		1		0		0		0		0
SAN JUAN 32-9 UNIT #294S		5930		32-9		32N 10W 26A		1		1		128		3		4		3		0		0		1		1
SAN JUAN 32-9 UNIT #295S		5931		32-9		32N 10W 26L		1		2		181		5		6		5		1		0		1		1
SAN JUAN 32-9 UNIT #297S		5854		32-9		32N 10W 35K		1		0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #300S		5856		32-9		32N 10W 11K		1		4		574		15		18		11		2		0		5		5
SAN JUAN 32-9 UNIT #301S		5857		32-9		32N 10W 12K		1		2		261		7		9		6		1		0		2		1
SAN JUAN 32-9 UNIT #302S		12613		32-9		32N 8W 9		1		7		1,237		32		43		20		5		0		18		15
HUERFANO UNIT #144		20726	HUERFANO			27N 9W 31P		1		0		0		0		0		0		0		0		0		0
HUERFANO UNIT #255S		20727	HUERFANO			27N 9W 31M		1		0		0		0		0		0		0		0		0		0
HUERFANO UNIT #79		12186	HUERFANO			27N 10W 31P		1		0		0		0		0		0		0		0		0		0
HUERFANO UNIT #82		20756	HUERFANO			27N 10W 33D		1		4		180		24		65		32		7		0		26		23
NE BLANCO UNIT #400A		1809	NEBU			31N 6W 7		1		4		292		2		3		1		0		0		1		1
NE BLANCO UNIT #401A		5317	NEBU			30N 7W 9L		1		11		1,037		8		10		4		1		0		5		3
NE BLANCO UNIT #402A		5145	NEBU			30N 7W 5A		1		10		855		7		9		4		1		0		4		3
NE BLANCO UNIT #403A		5191	NEBU			30N 7W 5A		1		6		585		5		6		2		1		0		2		2
NE BLANCO UNIT #406A		5192	NEBU			30N 7W 5A		1		0		0		0		0		0		0		0		0		0
NE BLANCO UNIT #407A		17895	NEBU			30N 7W 21A		1		3		141		1		1		1		0		0		0		0
NE BLANCO UNIT #408A		5196	NEBU			30N 7W 5A		1		0		0		0		0		0		0		0		0		0
NE BLANCO UNIT #409A		5273	NEBU			30N 7W 10N		1		1		73		1		1		0		0		0		0		0
NE BLANCO UNIT #410A		17897	NEBU			31N 7W 9K		1		9		882		7		9		3		1		0		5		4
NE BLANCO UNIT #411A		5200	NEBU			30N 7W 5A		1		4		219		2		2		1		0		0		1		1
NE BLANCO UNIT #412A		5802	NEBU			31N 7W 29N		1		11		1,157		9		12		5		1		0		6		5
NE BLANCO UNIT #413A		17899	NEBU			30N 7W 20A		1		6		422		3		4		2		0		0		1		1
NE BLANCO UNIT #415A		5207	NEBU			30N 7W 5A		1		11		1,111		9		11		4		1		0		5		4
NE BLANCO UNIT #416A		5282	NEBU			31N 7W 21A		1		5		304		2		3		2		0		0		1		1
NE BLANCO UNIT #417A		5274	NEBU			30N 7W 2M		1		3		221		2		2		1		0		0		1		1
NE BLANCO UNIT #418A		5210	NEBU			30N 7W 5A		1		5		341		3		4		2		0		0		1		1
NE BLANCO UNIT #419A		6031	NEBU			30N 7W 3N		1		5		423		3		4		2		0		0		2		1
NE BLANCO UNIT #421A		6033	NEBU			30N 7W 4P		1		3		223		2		2		1		0		0		1		1
NE BLANCO UNIT #422A		5146	NEBU			31N 7W 5A		1		6		317		2		3		2		0		0		1		1
NE BLANCO UNIT #423A		6037	NEBU			30N 7W 8J		1		4		332		3		3		2		0		0		1		1
NE BLANCO UNIT #425A		6038	NEBU			30N 7W 8N		1		15		1,445		11		15		6		2		0		8		5
NE BLANCO UNIT #426A		5231	NEBU			30N 7W 5A		1		5		334		3		3		2		0		0		1		1
NE BLANCO UNIT #427A		5148	NEBU			30N 7W 5A		1		10		836		7		8		4		1		0		3		3
NE BLANCO UNIT #428A		6018	NEBU			31N 7W 24A		1		5		338		3		4		2		0		0		1		1
NE BLANCO UNIT #429A		5150	NEBU			30N 7W 5A		1		4		357		3		3		2		0		0		1		1
NE BLANCO UNIT #430A		5245	NEBU			30N 7W 5A		1		5		332		3		3		2		0		0		1		1
NE BLANCO UNIT #433A		1000	NEBU			30N 8W 19M		1		4		214		2		2		1		0		0		1		0
NE BLANCO UNIT #434A		6017	NEBU			31N 7W 23A		1		9		766		6		8		3		1		0		4		3
NE BLANCO UNIT #435A		4894	NEBU			30N 8W 1K		1		10		992		8		9		4		1		0		4		3
NE BLANCO UNIT #436A		1149	NEBU			31N 6W 19K		1		6		415		3		4		2		0		0		2		1
NE BLANCO UNIT #437A		5251	NEBU			30N 7W 5A		1		4		213		2		2		1		0		0		1		0
NE BLANCO UNIT #438A		1160	NEBU			31N 6W 18A		1		10		1,120		9		12		4		1		0		6		5
NE BLANCO UNIT #439A		5169	NEBU			30N 7W 5A		1		2		87		1		1		1		0		0		0		0
NE BLANCO UNIT #440A		709	NEBU			31N 7W 11A		1		8		723		6		8		3		1		0		4		3
NE BLANCO UNIT #441A		1545	NEBU			30N 8W 24G		1		11		971		8		9		4		1		0		4		3
NE BLANCO UNIT #442A		17900	NEBU			31N 7W 11M		1		13		1,700		13		18		6		2		0		10		8
NE BLANCO UNIT #443A		17896	NEBU			30N 8W 24N		1		0		0		0		0		0		0		0		0		0
NE BLANCO UNIT #445A		5250	NEBU			30N 8W 5A		1		6		436		3		4		2		0		0		1		1
NE BLANCO UNIT #447A		5248	NEBU			30N 7W 5A		1		4		257		2		2		1		0		0		1		1
NE BLANCO UNIT #448A		5181	NEBU			30N 7W 5A		1		5		261		2		3		2		0		0		1		1
NE BLANCO UNIT #449A		5183	NEBU			30N 7W 5A		1		11		1,262		10		12		4		1		0		6		5
NE BLANCO UNIT #450A		5801	NEBU			31N 7W 32N		1		4		228		2		2		1		0		0		1		1
NE BLANCO UNIT #451A		6035	NEBU			30N 7W 6B		1		10		996		8		10		4		1		0		5		4
NE BLANCO UNIT #452A		5797	NEBU			31N 7W 15G		1		7		418		3		4		2		0		0		1		1
NE BLANCO UNIT #454A		6025	NEBU			31N 7W 33A		1		9		877		7		9		4		1		0		5		4
NE BLANCO UNIT #455A		5190	NEBU			30N 7W 5A		1		9		1,058		8		10		4		1		0		5		4
NE BLANCO UNIT #457A		5189	NEBU			30N 7W 5A		1		6		555		4		5		2		1		0		2		2
NE BLANCO UNIT #458A		5247	NEBU			30N 7W 5A		1		4		382		3		4		2		0		0		2		2
NE BLANCO UNIT #460A		1810	NEBU			31N 6W 7		1		10		1,055		8		11		4		1		0		6		5
NE BLANCO UNIT #461A		5182	NEBU			30N 7W 5A		1		1		38		0		0		0		0		0		0		0
NE BLANCO UNIT #462A		5246	NEBU			30N 7W 5A		1		5		318		2		3		2		0		0		1		1
NE BLANCO UNIT #463A		5170	NEBU			30N 7W 5A		1		4		232		2		2		1		0		0		1		1
NE BLANCO UNIT #464A		17898	NEBU			31N 7W 10P		1		7		487		4		5		2		1		0		2		2
NE BLANCO UNIT #465A		5243	NEBU			30N 7W 5A		1		7		665		5		6		3		1		0		3		2
NE BLANCO UNIT #466A		6027	NEBU			31N 7W 34B		1		8		635		5		6		3		1		0		2		2
NE BLANCO UNIT #468A		5163	NEBU			30N 7W 5A		1		7		543		4		5		2		1		0		2		2
NE BLANCO UNIT #471A		5272	NEBU			31N 8W 25B		1		3		209		2		2		1		0		0		1		1
NE BLANCO UNIT #472A		5803	NEBU			31N 7W 29G		1		7		653		5		7		3		1		0		3		3
NE BLANCO UNIT #473A		5281	NEBU			31N 8W 36G		1		15		2,367		18		22		7		2		0		13		10
NE BLANCO UNIT #476A		5799	NEBU			31N 7W 22M		1		6		354		3		4		2		0		0		1		1
NE BLANCO UNIT #478A		5212	NEBU			30N 7W 5A		1		2		81		1		1		1		0		0		0		0
NE BLANCO UNIT #480A		5209	NEBU			30N 7W 5A		1		3		114		1		1		1		0		0		0		0
NE BLANCO UNIT #481A		5153	NEBU			31N 7W 5A		1		3		162		1		2		1		0		0		1		0
NE BLANCO UNIT #482A		4895	NEBU			31N 7W 15M		1		3		198		2		2		1		0		0		1		1
NE BLANCO UNIT #483A		5149	NEBU			31N 7W 5A		1		2		98		1		1		1		0		0		0		0
NE BLANCO UNIT #484A		4896	NEBU			31N 7W 16A		1		6		529		4		5		2		1		0		3		2
NE BLANCO UNIT #485A		6032	NEBU			30N 7W 3A		1		6		573		4		5		2		1		0		2		2
NE BLANCO UNIT #486A		1150	NEBU			31N 6W 19P		1		9		996		8		11		4		1		0		6		5
NE BLANCO UNIT #487A		5201	NEBU			30N 7W 5A		1		0		6		0		0		0		0		0		0		0
NE BLANCO UNIT #488A		6019	NEBU			31N 7W 24L		1		0		0		0		0		0		0		0		0		0
NE BLANCO UNIT #490A		5198	NEBU			30N 7W 5A		1		7		494		4		5		3		1		0		2		2
NE BLANCO UNIT #491A		5147	NEBU			31N 7W 5A		1		7		532		4		6		3		1		0		2		2
NE BLANCO UNIT #492A		5795	NEBU			31N 7W 12P		1		1		45		0		0		0		0		0		0		0
NE BLANCO UNIT #493A		6012	NEBU			31N 7W 25H		1		4		172		1		2		1		0		0		0		0
NE BLANCO UNIT #495A		1068	NEBU			31N 6W 30L		1		5		249		2		3		2		0		0		1		1
NE BLANCO UNIT #496A		1161	NEBU			31N 6W 18L		1		6		525		4		5		2		1		0		3		2


WILLIAMS PRODUCTION CO. TERMINATION PRESENT VALUE		MILLER AND LENTS, LTD.

FRUITLAND COAL RESERVES
UNDERLYING PROPERTIES/WILLIAMS COAL SEAM GAS ROYALTY TRUST
RESERVES AND ECONOMIC SUMMARY
PROVED RESERVES AS OF DECEMBER 31, 2009


									LIFE		GROSS GAS		NET		REVENUE TO INT.		OPER.		ADV&SEV TAXES		CAPITAL		BFIT NET REVENUE		10% DISC
LEASE NAME	PROPID		UNIT		LOCATION		WELLS		YEARS		MMCF		GAS MMCF		M$		EXPENSE M$		M$		M$		M$		REVENUE M$
NE BLANCO UNIT #497A		1110	NEBU			31N 6W 30H		1		2		85		1		1		1		0		0		0		0
NE BLANCO UNIT #498A		5193	NEBU			30N 7W 5A		1		5		348		3		4		2		0		0		1		1
NE BLANCO UNIT #499A		1152	NEBU			31N 6W 20P		1		13		1,836		14		20		5		2		0		12		9
NE BLANCO UNIT #500A		1157	NEBU			31N 6W 20D		1		10		1,010		8		10		4		1		0		5		4
NE BLANCO UNIT #504A		1163	NEBU			31N 7W 16M		1		8		964		7		10		3		1		0		5		4
BLANCO #201A		5609	NON-UNIT			31N 8W 35		1		0		0		0		0		0		0		0		0		0
BLANCO #202A		5607	NON-UNIT			31N 8W 26I		1		0		13		2		3		3		0		0		0		0
BLANCO #203A		5610	NON-UNIT			31N 8W 35I		1		0		27		4		7		6		1		0		0		0
BLANCO #204A		5608	NON-UNIT			31N 8W 26E		1		0		0		0		0		0		0		0		0		0
BLANCO #330S		5559	NON-UNIT			31N 8W 5E		1		0		28		2		4		3		0		0		0		0
BONDS COM #100S		5140	NON-UNIT			32N 10W 15M		1		5		640		32		54		30		6		0		18		15
DECKER GAS COM A #1S		5840	NON-UNIT			32N 10W 17D		1		0		0		0		0		0		0		0		0		0
EAGLE #750S		5995	NON-UNIT			32N 9W 16D		1		6		721		14		27		14		3		0		10		9
FC STATE COM #20A		6006	NON-UNIT			30N 8W 2B		1		0		0		0		0		0		0		0		0		0
JACQUEZ #331S		5582	NON-UNIT			31N 8W 6L		1		0		11		1		2		1		0		0		0		0
MOORE, WAYNE COM #2S		5268	NON-UNIT			31N 9W 16M		1		1		36		1		3		2		0		0		0		0
NORDHAUS #716S		5839	NON-UNIT			31N 9W 13H		1		0		0		0		0		0		0		0		0		0
PAYNE #201S		4128	NON-UNIT			32N 10W 20L		1		6		733		13		22		14		2		0		5		5
QUINN #336S		5596	NON-UNIT			31N 8W 17N		1		5		685		50		78		51		8		0		19		16
SAN JUAN 31 FED 3 #2A		5942	NON-UNIT			31N 9W 3M		1		1		111		16		31		24		3		0		4		3
SEYMOUR #720S		12603	NON-UNIT			31N 9W 23A		1		0		0		0		0		0		0		0		0		0
SUTER #4A		5348	NON-UNIT			32N 11W 15E		1		0		0		0		0		0		0		0		0		0

TOTAL PROVED DEVELOPED: 160-Acre New Mexico								442				162,858		14,397		19,984		8,914		2,178		0		8,892		7,354

SAN JUAN 28-5 UNIT #219		13793		28-5		28N 5W 30A		1		0		0		0		0		0		0		0		0		0
SAN JUAN 28-5 UNIT #223		13740		28-5		28N 5W 34L		1		0		0		0		0		0		0		0		0		0
SAN JUAN 28-6 UNIT #230		19631		28-6		27N 6W 2H		1		0		0		0		0		0		0		0		0		0
SAN JUAN 28-6 UNIT #232		19627		28-6		27N 6W 2G		1		0		0		0		0		0		0		0		0		0
SAN JUAN 28-6 UNIT #400		13883		28-6		28N 6W 9L		1		3		60		3		5		4		1		0		1		1
SAN JUAN 28-6 UNIT #404		14227		28-6		28N 6W 13G		1		0		0		0		0		0		0		0		0		0
SAN JUAN 28-6 UNIT #405		13884		28-6		28N 6W 18M		1		4		83		5		7		6		1		0		1		1
SAN JUAN 28-6 UNIT #406		13885		28-6		28N 6W 19M		1		3		64		4		6		5		1		0		0		0
SAN JUAN 28-6 UNIT #410		14228		28-6		28N 6W 13L		1		0		0		0		0		0		0		0		0		0
SAN JUAN 28-6 UNIT #414		13886		28-6		28N 6W 8L		1		3		53		3		5		4		1		0		0		0
SAN JUAN 28-6 UNIT #418		13757		28-6		28N 6W 28L		1		3		56		3		7		4		1		0		2		2
SAN JUAN 28-6 UNIT #421		13758		28-6		28N 6W 33A		1		3		38		2		4		3		0		0		1		1
SAN JUAN 28-6 UNIT #433		14387		28-6		28N 6W 24M		1		27		351		0		0		0		0		0		0		0
SAN JUAN 28-6 UNIT #436		14347		28-6		28N 6W 16H		1		13		270		15		31		19		3		0		9		6
SAN JUAN 28-6 UNIT #437		14456		28-6		28N 6W 28G		1		1		8		0		1		1		0		0		0		0
SAN JUAN 28-6 UNIT #438		14348		28-6		28N 6W 15K		1		2		26		4		8		7		1		0		0		0
SAN JUAN 28-6 UNIT #439		14388		28-6		28N 6W 29M		1		0		0		0		0		0		0		0		0		0
SAN JUAN 28-6 UNIT #440		13759		28-6		28N 6W 16N		1		14		315		18		36		21		4		0		11		8
SAN JUAN 28-6 UNIT #441		14389		28-6		28N 6W 17H		1		12		251		14		29		17		3		0		9		7
SAN JUAN 28-6 UNIT #448		13760		28-6		28N 6W 15A		1		0		0		0		0		0		0		0		0		0
SAN JUAN 28-6 UNIT #449		13761		28-6		27N 6W 2A		1		0		0		0		0		0		0		0		0		0
SAN JUAN 28-6 UNIT #455		13719		28-6		28N 6W 17K		1		0		0		0		0		0		0		0		0		0
SAN JUAN 28-6 UNIT #456		14229		28-6		28N 6W 19H		1		2		23		3		7		6		1		0		1		0
SAN JUAN 28-6 UNIT #457		13720		28-6		28N 6W 20B		1		0		0		0		0		0		0		0		0		0
SAN JUAN 28-6 UNIT #458		14263		28-6		28N 6W 20K		1		2		24		1		3		2		0		0		0		0
SAN JUAN 28-6 UNIT #459		13733		28-6		28N 6W 21A		1		28		931		53		105		47		12		0		46		25
SAN JUAN 28-6 UNIT #460		13721		28-6		28N 6W 21N		1		5		90		5		10		7		1		0		2		1
SAN JUAN 28-6 UNIT #461		13762		28-6		28N 6W 22H		1		11		198		30		62		41		7		0		14		10
SAN JUAN 28-6 UNIT #462		13732		28-6		28N 6W 22K		1		12		223		34		69		45		8		0		17		12
SAN JUAN 28-6 UNIT #467		13724		28-6		28N 6W 34L		1		17		436		25		50		26		6		0		18		12
SAN JUAN 28-6 UNIT #474		13723		28-6		28N 6W 27N		1		4		64		4		7		6		1		0		1		1
SAN JUAN 28-6 UNIT #475		13887		28-6		28N 6W 29H		1		10		242		14		21		15		2		0		4		3
SAN JUAN 29-5 UNIT #201		14367		29-5		29N 5W 27K		1		3		22		0		0		0		0		0		0		0
SAN JUAN 29-5 UNIT #203		13547		29-5		29N 5W 6B		1		22		2,087		279		421		178		47		0		197		121
SAN JUAN 29-5 UNIT #213		13597		29-5		29N 5W 22M		1		13		461		62		123		73		14		0		37		26
SAN JUAN 29-5 UNIT #217		13763		29-5		29N 5W 5L		1		2		21		0		0		0		0		0		0		0
SAN JUAN 29-5 UNIT #219		14398		29-5		29N 5W 4K		1		4		163		22		32		24		4		0		5		4
SAN JUAN 29-5 UNIT #223		13653		29-5		29N 5W 33G		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-5 UNIT #225		14391		29-5		29N 5W 6L		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-5 UNIT #226		14392		29-5		29N 5W 7N		1		8		390		52		77		50		9		0		18		14
SAN JUAN 29-5 UNIT #230		14405		29-5		29N 5W 5A		1		14		887		119		183		95		20		0		68		48
SAN JUAN 29-5 UNIT #231		14393		29-5		29N 5W 5K		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #201		13589		29-6		29N 6W 6H		1		8		1,082		142		139		75		16		0		49		40
SAN JUAN 29-6 UNIT #202		13654		29-6		29N 6W 6L		1		1		92		12		12		10		1		0		1		1
SAN JUAN 29-6 UNIT #203		13684		29-6		29N 6W 7M		1		5		499		66		67		41		7		0		18		16
SAN JUAN 29-6 UNIT #204		13655		29-6		29N 6W 7A		1		2		115		15		16		12		2		0		2		2
SAN JUAN 29-6 UNIT #205		13685		29-6		29N 6W 21K		1		8		1,009		133		155		74		17		0		64		52
SAN JUAN 29-6 UNIT #206		13548		29-6		29N 6W 4H		1		2		181		24		24		19		3		0		3		3
SAN JUAN 29-6 UNIT #207		13549		29-6		29N 6W 2F		1		10		1,411		185		195		95		22		0		78		60
SAN JUAN 29-6 UNIT #208		13587		29-6		29N 6W 17N		1		6		888		117		127		58		14		0		54		46
SAN JUAN 29-6 UNIT #209		13588		29-6		29N 6W 17B		1		0		10		1		1		1		0		0		0		0
SAN JUAN 29-6 UNIT #210		14394		29-6		29N 6W 20L		1		19		2,808		369		458		180		51		0		227		148
SAN JUAN 29-6 UNIT #211		14395		29-6		29N 6W 20H		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #213		13590		29-6		29N 6W 30H		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #214		13595		29-6		29N 6W 3A		1		3		185		24		25		20		3		0		3		2
SAN JUAN 29-6 UNIT #215		13599		29-6		29N 6W 3N		1		3		223		29		30		23		3		0		4		4
SAN JUAN 29-6 UNIT #216		13596		29-6		29N 6W 4K		1		2		122		16		17		13		2		0		2		2
SAN JUAN 29-6 UNIT #217		13612		29-6		29N 6W 5H		1		9		1,401		184		176		87		20		0		70		55
SAN JUAN 29-6 UNIT #218		13605		29-6		29N 6W 5M		1		1		65		8		9		7		1		0		1		1
SAN JUAN 29-6 UNIT #219		13593		29-6		29N 6W 10G		1		6		592		78		80		52		9		0		19		16
SAN JUAN 29-6 UNIT #220		13600		29-6		29N 6W 11A		1		1		53		7		7		6		1		0		0		0
SAN JUAN 29-6 UNIT #221		13601		29-6		29N 6W 11M		1		10		925		122		131		82		15		0		34		26
SAN JUAN 29-6 UNIT #222		13718		29-6		29N 6W 12G		1		6		555		73		77		50		9		0		19		16
SAN JUAN 29-6 UNIT #223		13611		29-6		29N 6W 12K		1		10		1,108		146		152		88		17		0		47		36
SAN JUAN 29-6 UNIT #224		13696		29-6		29N 6W 13A		1		3		295		39		41		27		5		0		9		8
SAN JUAN 29-6 UNIT #225R		13947		29-6		29N 6W 13K		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #226		14396		29-6		29N 6W 14G		1		13		2,079		273		288		124		32		0		132		97
SAN JUAN 29-6 UNIT #227		13765		29-6		29N 6W 14N		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #229		13766		29-6		29N 6W 35M		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #230		13602		29-6		29N 6W 35A		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #231		13594		29-6		29N 6W 36A		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #233		13767		29-6		29N 6W 26N		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #235		14513		29-6		29N 6W 34A		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #236		13694		29-6		29N 6W 18K		1		4		338		44		48		33		5		0		10		9
SAN JUAN 29-6 UNIT #237		13674		29-6		29N 6W 1A		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #238		13675		29-6		29N 6W 1L		1		2		130		17		18		14		2		0		2		2
SAN JUAN 29-6 UNIT #239		13676		29-6		29N 6W 2B		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #240		13686		29-6		29N 6W 18H		1		9		1,140		150		155		82		17		0		56		44
SAN JUAN 29-6 UNIT #241		13687		29-6		29N 6W 19A		1		7		617		81		90		55		10		0		25		21
SAN JUAN 29-6 UNIT #242		13688		29-6		29N 6W 19K		1		16		1,998		263		306		141		34		0		132		90
SAN JUAN 29-6 UNIT #243		13768		29-6		29N 6W 31H		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #245		13667		29-6		29N 6W 8B		1		9		874		115		118		73		13		0		32		25
SAN JUAN 29-6 UNIT #246		14397		29-6		29N 6W 8K		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #247R		13814		29-6		29N 6W 10K		1		0		5		1		1		1		0		0		0		0
SAN JUAN 29-6 UNIT #249		13796		29-6		29N 6W 22B		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #251		13803		29-6		29N 6W 23K		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #257R		13815		29-6		29N 6W 9D		1		3		263		35		36		26		4		0		5		5
SAN JUAN 29-6 UNIT #258		13695		29-6		29N 6W 16N		1		7		937		123		134		67		15		0		53		43
SAN JUAN 29-6 UNIT #259		14399		29-6		29N 6W 9B		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #260		14400		29-6		29N 6W 16G		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #262		14401		29-6		29N 6W 21A		1		18		2,242		295		335		159		37		0		140		91


WILLIAMS PRODUCTION CO. TERMINATION PRESENT VALUE		MILLER AND LENTS, LTD.

FRUITLAND COAL RESERVES
UNDERLYING PROPERTIES/WILLIAMS COAL SEAM GAS ROYALTY TRUST
RESERVES AND ECONOMIC SUMMARY
PROVED RESERVES AS OF DECEMBER 31, 2009


									LIFE		GROSS GAS		NET		REVENUE TO INT.		OPER. EXPENSE		ADV&SEV TAXES		CAPITAL		BFIT NET REVENUE		10% DISC
LEASE NAME	PROPID		UNIT		LOCATION		WELLS		YEARS		MMCF		GAS MMCF		M$		M$		M$		M$		M$		REVENUE M$
SAN JUAN 29-6 UNIT #263		13802		29-6		29N 6W 22L		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #264		13841		29-6		29N 6W 27A		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #47		4888		29-6		29N 6W 28B		1		4		269		35		44		32		5		0		8		7
SAN JUAN 29-6 UNIT #58A		7960		29-6		29N 6W 28D		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-6 UNIT #68		5779		29-6		29N 6W 29A		1		5		347		46		60		39		7		0		14		12
SAN JUAN 29-7 UNIT #186		11729		29-7		29N 7W 21A		1		3		61		7		19		13		2		0		4		3
SAN JUAN 29-7 UNIT #194		30347		29-7		29N 7W 15F		1		10		580		67		134		60		15		0		60		46
SAN JUAN 29-7 UNIT #507R		12667		29-7		29N 7W 13G		1		13		1,031		118		217		85		24		0		107		78
SAN JUAN 29-7 UNIT #519		12671		29-7		29N 7W 8B		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-7 UNIT #520		12524		29-7		29N 7W 8E		1		1		12		1		4		3		0		0		0		0
SAN JUAN 29-7 UNIT #521		12653		29-7		29N 7W 13L		1		10		639		73		140		60		16		0		65		51
SAN JUAN 29-7 UNIT #526		11728		29-7		29N 7W 21L		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-7 UNIT #530		13882		29-7		29N 7W 24A		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-7 UNIT #532		14349		29-7		29N 7W 2B		1		9		296		34		73		47		8		0		18		14
SAN JUAN 29-7 UNIT #533		14464		29-7		29N 7W 3I		1		4		152		17		36		19		4		0		13		12
SAN JUAN 29-7 UNIT #534		12668		29-7		29N 7W 9		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-7 UNIT #537		12669		29-7		29N 7W 22B		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-7 UNIT #538		14402		29-7		29N 7W 26B		1		18		598		69		183		95		20		0		67		43
SAN JUAN 29-7 UNIT #540		12654		29-7		29N 7W 10A		1		6		203		23		57		30		6		0		21		18
SAN JUAN 29-7 UNIT #543		12655		29-7		29N 7W 3M		1		4		108		12		28		19		3		0		6		5
SAN JUAN 29-7 UNIT #544		12656		29-7		29N 7W 4B		1		8		549		63		136		51		15		0		70		57
SAN JUAN 29-7 UNIT #545		12657		29-7		29N 7W 12H		1		9		722		83		162		60		18		0		84		66
SAN JUAN 29-7 UNIT #547		14403		29-7		29N 7W 7B		1		13		482		55		146		72		16		0		58		41
SAN JUAN 29-7 UNIT #548		14372		29-7		29N 7W 7K		1		14		382		44		117		69		13		0		34		24
SAN JUAN 29-7 UNIT #550		12659		29-7		29N 7W 11G		1		9		566		65		141		54		16		0		71		57
SAN JUAN 29-7 UNIT #552		12652		29-7		29N 7W 12N		1		10		866		99		196		68		22		0		106		83
SAN JUAN 29-7 UNIT #553		12661		29-7		29N 7W 14H		1		12		1,221		140		280		86		31		0		163		123
SAN JUAN 29-7 UNIT #554		12662		29-7		29N 7W 14M		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-7 UNIT #559		14404		29-7		29N 7W 22N		1		1		17		2		5		4		1		0		0		0
SAN JUAN 29-7 UNIT #560		12663		29-7		29N 7W 23G		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-7 UNIT #562		12664		29-7		29N 7W 24B		1		6		348		40		82		35		9		0		38		33
SAN JUAN 29-7 UNIT #563		12665		29-7		29N 7W 24L		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-7 UNIT #565		14231		29-7		29N 7W 26N		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-7 UNIT #577		14232		29-7		29N 7W 35P		1		0		0		0		0		0		0		0		0		0
SAN JUAN 29-7 UNIT #580		14465		29-7		29N 7W 1B		1		23		2,295		263		460		160		51		0		248		152
SAN JUAN 29-7 UNIT #582		12666		29-7		29N 7W 2M		1		20		2,225		255		544		145		61		0		339		225
SAN JUAN 29-7 UNIT #583		12670		29-7		29N 7W 6K		1		2		45		5		10		8		1		0		1		1
SAN JUAN 29-7 UNIT #585		12211		29-7		29N 7W 15G		1		5		204		23		61		28		7		0		26		23
SAN JUAN 29-7 UNIT #92R		12025		29-7		29N 7W 16M		1		1		16		2		5		4		1		0		0		0
CAT DRAW COM #101		20070		30-5		30N 5W 23G		1		0		31		1		2		1		0		0		0		0
SAN JUAN 30-5 UNIT #201		13550		30-5		30N 5W 19N		1		5		570		107		103		67		11		0		24		21
SAN JUAN 30-5 UNIT #202		13551		30-5		30N 5W 6H		1		3		239		45		50		34		6		0		10		10
SAN JUAN 30-5 UNIT #203		13607		30-5		30N 5W 6L		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #204		13726		30-5		30N 5W 7G		1		1		55		10		11		10		1		0		0		0
SAN JUAN 30-5 UNIT #205		13772		30-5		30N 5W 7K		1		1		57		11		12		10		1		0		1		1
SAN JUAN 30-5 UNIT #206		13711		30-5		30N 5W 18G		1		3		226		43		45		34		5		0		6		6
SAN JUAN 30-5 UNIT #207		13727		30-5		30N 5W 18I		1		5		500		94		98		66		11		0		21		19
SAN JUAN 30-5 UNIT #208		13665		30-5		30N 5W 19H		1		8		1,146		216		218		120		24		0		74		60
SAN JUAN 30-5 UNIT #209		13606		30-5		30N 5W 30A		1		2		177		33		33		25		4		0		4		4
SAN JUAN 30-5 UNIT #210		13682		30-5		30N 5W 30M		1		2		222		42		41		30		5		0		6		5
SAN JUAN 30-5 UNIT #211		13683		30-5		30N 5W 31B		1		3		233		44		45		35		5		0		5		5
SAN JUAN 30-5 UNIT #212		13617		30-5		30N 5W 31N		1		2		201		38		39		31		4		0		4		3
SAN JUAN 30-5 UNIT #213R		16986		30-5		30N 5W 5H		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #214		16987		30-5		30N 5W 5N		1		2		169		32		35		24		4		0		7		7
SAN JUAN 30-5 UNIT #215		13660		30-5		30N 5W 8H		1		3		251		47		51		35		6		0		11		10
SAN JUAN 30-5 UNIT #216R		13943		30-5		30N 5W 20L		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #217		13614		30-5		30N 5W 21L		1		1		122		23		23		18		3		0		3		2
SAN JUAN 30-5 UNIT #218		13659		30-5		30N 5W 17A		1		5		598		112		121		72		13		0		35		31
SAN JUAN 30-5 UNIT #219R		17250		30-5		30N 5W 5L		1		1		114		22		23		18		3		0		3		3
SAN JUAN 30-5 UNIT #220R		15532		30-5		30N 5W 8N		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #223		13677		30-5		30N 5W 20B		1		1		55		10		11		9		1		0		1		1
SAN JUAN 30-5 UNIT #224		12576		30-5		30N 5W 17		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #225		14406		30-5		30N 5W 29G		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #226		13670		30-5		30N 5W 29M		1		4		441		83		86		58		10		0		19		17
SAN JUAN 30-5 UNIT #227		13672		30-5		30N 5W 28A		1		1		79		15		16		13		2		0		1		1
SAN JUAN 30-5 UNIT #228		14407		30-5		30N 5W 28L		1		1		71		13		14		12		2		0		1		1
SAN JUAN 30-5 UNIT #229		13673		30-5		30N 5W 21G		1		2		174		33		35		26		4		0		5		5
SAN JUAN 30-5 UNIT #230		14366		30-5		30N 5W 32A		1		3		244		46		51		36		6		0		9		9
SAN JUAN 30-5 UNIT #231		14409		30-5		30N 5W 32M		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #232		14408		30-5		30N 5W 33D		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #233		14443		30-5		30N 5W 33K		1		1		93		18		20		16		2		0		1		1
SAN JUAN 30-5 UNIT #234		14410		30-5		30N 5W 22M		1		4		438		82		93		56		10		0		26		24
SAN JUAN 30-5 UNIT #235		14411		30-5		30N 5W 27B		1		0		5		1		1		1		0		0		0		0
SAN JUAN 30-5 UNIT #236		14412		30-5		30N 5W 27K		1		2		134		25		29		23		3		0		3		3
SAN JUAN 30-5 UNIT #237R		6123		30-5		30N 5W 16B		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #238		14414		30-5		30N 5W 34H		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #239		13949		30-5		30N 5W 15M		1		1		98		19		20		16		2		0		2		2
SAN JUAN 30-5 UNIT #240		14415		30-5		30N 5W 22H		1		0		24		5		5		4		1		0		0		0
SAN JUAN 30-5 UNIT #241		14416		30-5		30N 5W 23L		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #242		14444		30-5		30N 5W 34L		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #243		14069		30-5		30N 5W 15G		1		3		381		72		79		49		9		0		21		19
SAN JUAN 30-5 UNIT #246		13948		30-5		30N 5W 26L		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-5 UNIT #249		14068		30-5		30N 5W 23A		1		3		252		47		54		36		6		0		12		11
SAN JUAN 30-5 UNIT #255		13842		30-5		30N 5W 14M		1		3		293		55		62		40		7		0		15		14
SAN JUAN 30-5 UNIT #257		14025		30-5		30N 5W 11M		1		5		710		134		147		78		16		0		53		46
SAN JUAN 30-5 UNIT #258		14026		30-5		30N 5W 14G		1		6		858		161		182		90		20		0		72		61
SAN JUAN 30-5 UNIT #259		8011		30-5		30N 5W 9L		1		2		207		39		45		32		5		0		8		7
SAN JUAN 30-5 UNIT #260		12646		30-5		30N 5W 9L		1		4		470		89		94		53		10		0		30		27
SAN JUAN 30-5 UNIT #261		5424		30-5		30N 5W 9B		1		4		445		84		98		58		11		0		30		26
SAN JUAN 30-5 UNIT #262		8012		30-5		30N 5W 9L		1		2		164		31		35		24		4		0		7		7
SAN JUAN 30-5 UNIT #263		5425		30-5		30N 5W 9L		1		2		239		45		53		33		6		0		14		13
SAN JUAN 30-5 UNIT #264		12619		30-5		30N 5W 9G		1		4		470		88		95		53		11		0		32		29
SAN JUAN 30-5 UNIT #265		15533		30-5		30N 5W 10G		1		5		860		162		174		85		19		0		70		61
SAN JUAN 30-5 UNIT #266		15534		30-5		30N 5W 10M		1		5		677		127		135		73		15		0		46		40
SAN JUAN 30-5 UNIT #267		5046		30-5		30N 5W 23A		1		2		226		42		50		32		6		0		12		11
SAN JUAN 30-5 UNIT #268		10177		30-5		30N 5W 23A		1		1		64		12		14		11		2		0		2		2
SAN JUAN 30-6 UNIT #400		14164		30-6		30N 7W 14M		1		13		1,903		95		155		69		17		0		69		50
SAN JUAN 30-6 UNIT #401R		14165		30-6		30N 7W 13N		1		8		1,073		54		85		41		9		0		35		29
SAN JUAN 30-6 UNIT #403		13648		30-6		30N 6W 9G		1		11		1,359		68		119		56		13		0		50		38
SAN JUAN 30-6 UNIT #404R		14459		30-6		30N 7W 23B		1		12		2,312		115		190		71		21		0		98		75
SAN JUAN 30-6 UNIT #405		13580		30-6		30N 6W 9M		1		4		335		17		29		19		3		0		7		7
SAN JUAN 30-6 UNIT #406R		14167		30-6		30N 7W 15F		1		5		489		24		43		26		5		0		12		11
SAN JUAN 30-6 UNIT #407		13559		30-6		30N 6W 16H		1		7		858		43		72		35		8		0		28		24
SAN JUAN 30-6 UNIT #408		13558		30-6		30N 6W 16L		1		6		796		40		66		31		7		0		27		23
SAN JUAN 30-6 UNIT #409		14168		30-6		30N 7W 25I		1		11		1,916		96		155		64		17		0		74		56
SAN JUAN 30-6 UNIT #410		14211		30-6		30N 6W 26A		1		3		205		10		17		12		2		0		3		3
SAN JUAN 30-6 UNIT #411		14169		30-6		30N 7W 27A		1		3		294		15		25		16		3		0		6		6
SAN JUAN 30-6 UNIT #412		14170		30-6		30N 7W 24A		1		6		685		34		58		30		7		0		22		18
SAN JUAN 30-6 UNIT #413R		14171		30-6		30N 7W 23K		1		11		1,772		88		142		64		16		0		62		47
SAN JUAN 30-6 UNIT #414		14172		30-6		30N 7W 35K		1		1		81		4		8		6		1		0		1		1
SAN JUAN 30-6 UNIT #415		14173		30-6		30N 7W 26N		1		9		1,239		62		107		47		12		0		49		39
SAN JUAN 30-6 UNIT #416		14174		30-6		30N 7W 24K		1		12		2,137		107		169		70		19		0		80		60
SAN JUAN 30-6 UNIT #417		14175		30-6		30N 7W 25G		1		6		687		34		54		29		6		0		18		16
SAN JUAN 30-6 UNIT #418		14176		30-6		30N 7W 26B		1		10		1,619		81		128		58		14		0		56		43


WILLIAMS PRODUCTION CO. TERMINATION PRESENT VALUE		MILLER AND LENTS, LTD.

FRUITLAND COAL RESERVES
UNDERLYING PROPERTIES/WILLIAMS COAL SEAM GAS ROYALTY TRUST
RESERVES AND ECONOMIC SUMMARY
PROVED RESERVES AS OF DECEMBER 31, 2009


									LIFE		GROSS GAS		NET		REVENUE TO INT.		OPER. EXPENSE		ADV&SEV TAXES		CAPITAL		BFIT NET REVENUE		10% DISC
LEASE NAME	PROPID		UNIT		LOCATION		WELLS		YEARS		MMCF		GAS MMCF		M$		M$		M$		M$		M$		REVENUE M$
SAN JUAN 30-6 UNIT #419		14177		30-6		30N 7W 11H		1		1		86		4		7		6		1		0		1		1
SAN JUAN 30-6 UNIT #420		14178		30-6		30N 7W 12G		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #421		14179		30-6		30N 7W 34G		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #422		14264		30-6		30N 7W 27M		1		4		265		13		25		17		3		0		5		5
SAN JUAN 30-6 UNIT #423		14462		30-6		30N 7W 28A		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #424		14463		30-6		30N 7W 33K		1		2		111		6		11		8		1		0		1		1
SAN JUAN 30-6 UNIT #425		14385		30-6		30N 7W 33H		1		14		1,757		88		166		74		18		0		73		52
SAN JUAN 30-6 UNIT #426		14180		30-6		30N 7W 34K		1		5		539		27		49		25		5		0		19		16
SAN JUAN 30-6 UNIT #427		14181		30-6		30N 7W 35H		1		3		290		14		26		16		3		0		7		6
SAN JUAN 30-6 UNIT #428		14358		30-6		30N 7W 28N		1		3		240		12		23		15		3		0		5		5
SAN JUAN 30-6 UNIT #429		14359		30-6		30N 7W 22H		1		3		274		14		27		16		3		0		8		8
SAN JUAN 30-6 UNIT #430		13543		30-6		30N 6W 8G		1		5		564		28		48		25		5		0		18		16
SAN JUAN 30-6 UNIT #431		13544		30-6		30N 6W 10M		1		12		1,802		90		154		65		17		0		72		54
SAN JUAN 30-6 UNIT #432		13545		30-6		30N 6W 10B		1		6		638		32		58		32		6		0		20		16
SAN JUAN 30-6 UNIT #433		14182		30-6		30N 6W 11K		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #434		14183		30-6		30N 6W 12M		1		5		546		27		48		25		5		0		18		16
SAN JUAN 30-6 UNIT #435		14184		30-6		30N 6W 13I		1		6		609		30		56		30		6		0		20		17
SAN JUAN 30-6 UNIT #436		14185		30-6		30N 6W 15G		1		10		1,435		72		124		55		14		0		56		43
SAN JUAN 30-6 UNIT #437		14186		30-6		30N 6W 11H		1		13		1,535		77		140		65		16		0		59		43
SAN JUAN 30-6 UNIT #438		14187		30-6		30N 6W 12H		1		15		2,530		126		237		84		26		0		126		90
SAN JUAN 30-6 UNIT #439		14188		30-6		30N 6W 14M		1		6		587		29		49		30		5		0		14		12
SAN JUAN 30-6 UNIT #440		14189		30-6		30N 6W 15N		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #441		14190		30-6		30N 6W 31A		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #442		13568		30-6		30N 6W 14P		1		9		1,219		61		103		49		11		0		43		34
SAN JUAN 30-6 UNIT #443		13532		30-6		30N 6W 36G		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #444		14208		30-6		30N 6W 36I		1		6		565		28		50		28		6		0		16		14
SAN JUAN 30-6 UNIT #445		14209		30-6		30N 6W 13I		1		6		636		32		55		31		6		0		17		14
SAN JUAN 30-6 UNIT #446		14204		30-6		30N 6W 35N		1		6		654		33		56		32		6		0		18		15
SAN JUAN 30-6 UNIT #447		14206		30-6		30N 7W 31G		1		5		325		16		40		24		5		0		12		11
SAN JUAN 30-6 UNIT #450		13536		30-6		30N 6W 7K		1		9		1,113		56		94		46		10		0		38		30
SAN JUAN 30-6 UNIT #451		13534		30-6		30N 6W 7H		1		11		1,469		73		129		57		14		0		58		44
SAN JUAN 30-6 UNIT #452		13535		30-6		30N 6W 8N		1		2		121		6		10		7		1		0		1		1
SAN JUAN 30-6 UNIT #453		14191		30-6		30N 6W 17K		1		4		368		18		31		20		3		0		8		7
SAN JUAN 30-6 UNIT #454		14192		30-6		30N 6W 17A		1		8		1,060		53		86		41		10		0		36		29
SAN JUAN 30-6 UNIT #455		14161		30-6		30N 6W 18N		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #456		13537		30-6		30N 6W 18A		1		8		1,238		62		106		44		12		0		50		41
SAN JUAN 30-6 UNIT #457		14193		30-6		30N 6W 19M		1		11		1,914		96		153		65		17		0		71		54
SAN JUAN 30-6 UNIT #458		14194		30-6		30N 6W 19H		1		4		468		23		38		22		4		0		11		10
SAN JUAN 30-6 UNIT #459		14195		30-6		30N 6W 20L		1		8		973		49		80		42		9		0		29		23
SAN JUAN 30-6 UNIT #460		14162		30-6		30N 6W 20N		1		7		806		40		64		36		7		0		21		18
SAN JUAN 30-6 UNIT #461		14251		30-6		30N 7W 11M		1		3		254		13		22		15		2		0		5		4
SAN JUAN 30-6 UNIT #462		14196		30-6		30N 7W 12M		1		12		1,612		80		145		63		16		0		66		49
SAN JUAN 30-6 UNIT #463		14197		30-6		30N 7W 13H		1		5		571		29		49		27		5		0		17		15
SAN JUAN 30-6 UNIT #464		14198		30-6		30N 7W 14B		1		5		415		21		39		24		4		0		11		10
SAN JUAN 30-6 UNIT #465		14199		30-6		30N 6W 15J		1		8		1,033		52		87		42		10		0		35		28
SAN JUAN 30-6 UNIT #466		14200		30-6		30N 7W 22B		1		6		589		29		49		29		5		0		14		12
SAN JUAN 30-6 UNIT #467 COM		4496		30-6		30N 5W 22A		1		2		156		4		8		6		1		0		1		1
SAN JUAN 30-6 UNIT #468		14252		30-6		30N 7W 36K		1		9		1,340		67		113		49		13		0		51		41
SAN JUAN 30-6 UNIT #470		14253		30-6		30N 6W 21G		1		9		1,073		54		87		47		10		0		31		24
SAN JUAN 30-6 UNIT #471		14254		30-6		30N 6W 21K		1		7		833		42		67		35		7		0		24		20
SAN JUAN 30-6 UNIT #472		14255		30-6		30N 6W 22A		1		1		65		3		5		5		1		0		0		0
SAN JUAN 30-6 UNIT #473		14256		30-6		30N 6W 22M		1		2		177		9		15		9		2		0		4		4
SAN JUAN 30-6 UNIT #474		14257		30-6		30N 6W 27B		1		11		1,463		73		118		57		13		0		48		37
SAN JUAN 30-6 UNIT #475		14258		30-6		30N 6W 27L		1		13		2,060		103		168		72		19		0		77		57
SAN JUAN 30-6 UNIT #476		14163		30-6		30N 6W 28A		1		7		845		42		67		38		7		0		22		18
SAN JUAN 30-6 UNIT #477		14210		30-6		30N 6W 28M		1		10		1,485		74		121		55		14		0		53		41
SAN JUAN 30-6 UNIT #478		14205		30-6		30N 6W 29A		1		9		1,232		62		103		48		12		0		44		35
SAN JUAN 30-6 UNIT #479		14259		30-6		30N 6W 29K		1		2		124		6		10		7		1		0		1		1
SAN JUAN 30-6 UNIT #480		14260		30-6		30N 6W 30A		1		4		323		16		27		17		3		0		7		6
SAN JUAN 30-6 UNIT #481		14261		30-6		30N 6W 30J		1		14		2,244		112		179		78		20		0		81		58
SAN JUAN 30-6 UNIT #482		14266		30-6		30N 6W 31N		1		15		2,439		122		195		87		22		0		87		60
SAN JUAN 30-6 UNIT #483		14207		30-6		30N 6W 34H		1		4		329		16		29		20		3		0		6		6
SAN JUAN 30-6 UNIT #484		14249		30-6		30N 6W 34N		1		1		99		5		8		7		1		0		1		1
SAN JUAN 30-6 UNIT #485		14233		30-6		30N 7W 36G		1		6		756		38		60		32		7		0		21		18
SAN JUAN 30-6 UNIT #486		14234		30-6		30N 6W 23H		1		8		981		49		84		42		9		0		33		26
SAN JUAN 30-6 UNIT #487		14235		30-6		30N 6W 23N		1		10		1,303		65		110		53		12		0		45		35
SAN JUAN 30-6 UNIT #488		14236		30-6		30N 6W 24A		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #489		14237		30-6		30N 6W 24K		1		6		773		39		67		31		7		0		28		24
SAN JUAN 30-6 UNIT #490		14238		30-6		30N 6W 25H		1		3		268		13		24		15		3		0		6		5
SAN JUAN 30-6 UNIT #491		14239		30-6		30N 6W 25M		1		6		736		37		62		32		7		0		23		19
SAN JUAN 30-6 UNIT #492		14240		30-6		30N 6W 26K		1		4		351		18		30		21		3		0		6		6
SAN JUAN 30-6 UNIT #493		14241		30-6		30N 6W 32M		1		5		486		24		41		24		5		0		12		10
SAN JUAN 30-6 UNIT #494		14242		30-6		30N 6W 33B		1		11		1,768		88		148		64		16		0		68		51
SAN JUAN 30-6 UNIT #495		14243		30-6		30N 6W 33K		1		6		655		33		53		30		6		0		18		15
SAN JUAN 30-6 UNIT #496		14244		30-6		30N 6W 35G		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #497		14245		30-6		30N 7W 29M		1		4		239		12		30		20		3		0		7		6
SAN JUAN 30-6 UNIT #498R		13946		30-6		30N 7W 30G		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #499		14247		30-6		30N 7W 30L		1		0		0		0		0		0		0		0		0		0
SAN JUAN 30-6 UNIT #500		14417		30-6		30N 7W 31L		1		1		61		9		22		19		3		0		1		1
SAN JUAN 30-6 UNIT #501		14248		30-6		30N 6W 32G		1		6		575		29		46		28		5		0		13		11
SAN JUAN 31-6 UNIT #201		13540		31-6		30N 6W 1H		1		1		109		12		13		10		1		0		1		1
SAN JUAN 31-6 UNIT #202		13552		31-6		30N 6W 1K		1		8		1,122		120		130		82		14		0		33		27
SAN JUAN 31-6 UNIT #203		13539		31-6		30N 6W 3A		1		1		57		6		7		6		1		0		0		0
SAN JUAN 31-6 UNIT #204		13541		31-6		30N 6W 3N		1		6		837		90		92		62		10		0		20		17
SAN JUAN 31-6 UNIT #205R		12574		31-6		30N 6W 4G		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #206		13542		31-6		30N 6W 4N		1		3		303		32		33		25		4		0		4		4
SAN JUAN 31-6 UNIT #207		13533		31-6		30N 6W 6B		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #208		14213		31-6		30N 6W 6K		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #209		14214		31-6		30N 7W 1L		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #210		13618		31-6		30N 6W 2B		1		6		1,011		108		117		71		13		0		33		28
SAN JUAN 31-6 UNIT #211		13553		31-6		30N 6W 2N		1		7		1,072		115		121		77		13		0		31		25
SAN JUAN 31-6 UNIT #212		13615		31-6		30N 6W 5H		1		6		739		79		83		58		9		0		15		13
SAN JUAN 31-6 UNIT #213		13554		31-6		30N 6W 5K		1		5		596		64		64		47		7		0		10		9
SAN JUAN 31-6 UNIT #214		13646		31-6		31N 6W 36H		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #215		13616		31-6		31N 6W 36K		1		1		121		13		14		12		2		0		1		1
SAN JUAN 31-6 UNIT #216		13647		31-6		31N 6W 35A		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #217		13609		31-6		31N 6W 35M		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #218		13671		31-6		31N 6W 34H		1		1		96		10		11		9		1		0		1		1
SAN JUAN 31-6 UNIT #219		13608		31-6		31N 6W 34K		1		9		1,402		150		164		102		18		0		44		34
SAN JUAN 31-6 UNIT #220R		18278		31-6		31N 6W 33A		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #221		13656		31-6		31N 6W 33K		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #222		13666		31-6		31N 6W 32H		1		3		275		29		33		25		4		0		5		4
SAN JUAN 31-6 UNIT #223		13613		31-6		31N 6W 21I		1		5		618		66		70		49		8		0		13		12
SAN JUAN 31-6 UNIT #224		13691		31-6		31N 6W 31A		1		1		47		5		6		5		1		0		0		0
SAN JUAN 31-6 UNIT #225R		13697		31-6		31N 6W 31K		1		1		150		16		17		14		2		0		1		1
SAN JUAN 31-6 UNIT #228		14419		31-6		31N 6W 28I		1		8		1,159		124		141		89		16		0		37		29
SAN JUAN 31-6 UNIT #229R		18279		31-6		31N		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #230		13555		31-6		31N 6W 27A		1		5		621		66		74		49		8		0		16		14
SAN JUAN 31-6 UNIT #231R		17256		31-6		31N 6W 27		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #232		13692		31-6		30N 7W 1G		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #233		13693		31-6		31N 6W 29H		1		0		0		0		0		0		0		0		0		0
SAN JUAN 31-6 UNIT #234R		14007		31-6		31N 6W 29L		1		0		0		0		0		0		0		0		0		0
ALLISON UNIT COM #105		13888		32-7		32N 7W 26G		1		7		732		33		48		19		5		0		24		20
ALLISON UNIT COM #146		4750		32-7		32N 7W 23D		1		12		1,399		125		185		64		20		0		101		77


WILLIAMS PRODUCTION CO. TERMINATION PRESENT VALUE		MILLER AND LENTS, LTD.

FRUITLAND COAL RESERVES
UNDERLYING PROPERTIES/WILLIAMS COAL SEAM GAS ROYALTY TRUST
RESERVES AND ECONOMIC SUMMARY
PROVED RESERVES AS OF DECEMBER 31, 2009


								NET		REVENUE		OPER.		ADV&SEV				BFIT NET		10% DISC
					LIFE	GROSS GAS		GAS		TO INT.		EXPENSE		TAXES		CAPITAL		REVENUE		REVENUE
LEASE NAME	PROPID	UNIT	LOCATION	WELLS	YEARS	MMCF		MMCF		M$		M$		M$		M$		M$		M$

FEDERAL G #4 COM	4755	32-7	31N 7W 10G	1	3		168		4		6		4		1		0		1		1
GRASSY CANYON UNIT #3	4762	32-7	32N 7W 31B	1	10		1,033		71		106		40		11		0		54		43
MIDDLE MESA COM #3	4768	32-7	32N 7W 33M	1	4		377		17		23		11		2		0		9		8
SAN JUAN 32-7 UNIT #202R	10783	32-7	32N 7W 18	1	8		1,164		207		325		89		35		0		201		168
SAN JUAN 32-7 UNIT #203R	12467	32-7	32N 7W 22H	1	13		1,570		280		405		146		44		0		215		157
SAN JUAN 32-7 UNIT #204	13546	32-7	32N 7W 36B	1	6		566		101		142		63		15		0		63		54
SAN JUAN 32-7 UNIT #205	12471	32-7	32N 7W 22M	1	5		514		92		133		54		14		0		65		57
SAN JUAN 32-7 UNIT #206	12647	32-7	32N 7W 27H	1	5		378		67		97		50		10		0		37		32
SAN JUAN 32-7 UNIT #207	13698	32-7	32N 7W 27K	1	8		885		158		227		87		25		0		115		94
SAN JUAN 32-7 UNIT #208	13710	32-7	32N 7W 34B	1	7		857		153		219		81		24		0		114		95
SAN JUAN 32-7 UNIT #209	13640	32-7	32N 7W 35A	1	9		998		178		251		96		27		0		127		102
SAN JUAN 32-7 UNIT #210	13598	32-7	32N 7W 36L	1	8		871		155		218		90		24		0		105		85
SAN JUAN 32-7 UNIT #211R	12642	32-7	32N 7W 35N	1	4		267		48		68		38		7		0		22		20
SAN JUAN 32-7 UNIT #213 COM	4832	32-7	31N 7W 7M	1	7		510		57		84		43		9		0		32		26
SAN JUAN 32-7 UNIT #214	13717	32-7	32N 7W 34N	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-7 UNIT #215	13700	32-7	32N 7W 32N	1	9		968		172		249		99		27		0		123		98
SAN JUAN 32-7 UNIT #216	14422	32-7	31N 7W 4N	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-7 UNIT #217	13701	32-7	31N 7W 4A	1	2		73		13		19		15		2		0		2		2
SAN JUAN 32-7 UNIT #218	13702	32-7	31N 7W 5M	1	8		781		139		205		88		22		0		95		76
SAN JUAN 32-7 UNIT #219	13703	32-7	31N 7W 5K	1	9		855		152		218		92		24		0		102		82
SAN JUAN 32-7 UNIT #220 COM	4835	32-7	31N 7W 5M	1	12		1,320		206		304		113		33		0		159		119
SAN JUAN 32-7 UNIT #221	13704	32-7	31N 7W 8H	1	3		188		33		49		28		5		0		15		14
SAN JUAN 32-7 UNIT #222	14423	32-7	32N 7W 20H	1	5		335		60		88		47		10		0		32		28
SAN JUAN 32-7 UNIT #224 COM	4792	32-7	32N 7W 21N	1	10		1,078		144		212		78		23		0		111		88
SAN JUAN 32-7 UNIT #227 COM	4843	32-7	31N 7W 18M	1	4		294		39		56		33		6		0		17		15
SAN JUAN 32-7 UNIT #228 COM	4816	32-7	31N 7W 7G	1	9		1,051		96		140		52		15		0		73		58
SAN JUAN 32-7 UNIT #229	13729	32-7	31N 7W 9B	1	3		192		34		49		30		5		0		14		13
SAN JUAN 32-7 UNIT #230	12620	32-7	31N 7W 17G	1	9		982		175		252		100		27		0		125		99
SAN JUAN 32-7 UNIT #231	13664	32-7	31N 7W 17L	1	2		87		15		23		18		2		0		2		2
SAN JUAN 32-7 UNIT #232	13705	32-7	31N 7W 8N	1	2		100		18		26		19		3		0		5		5
SAN JUAN 32-7 UNIT #233	14452	32-7	32N 7W 20L	1	5		415		74		109		51		12		0		46		40
SAN JUAN 32-7 UNIT #234	14425	32-7	32N 7W 32H	1	6		521		93		133		61		14		0		58		49
SAN JUAN 32-7 UNIT #235	14426	32-7	32N 7W 29N	1	7		1,025		183		264		83		28		0		152		128
SAN JUAN 32-7 UNIT #236	14453	32-7	32N 7W 28N	1	4		273		49		70		37		8		0		25		23
SAN JUAN 32-7 UNIT #237	14454	32-7	32N 7W 28H	1	8		798		142		205		82		22		0		100		82
SAN JUAN 32-7 UNIT #238	14455	32-7	32N 7W 29B	1	9		1,366		243		356		104		38		0		214		173
SAN JUAN 32-7 UNIT #240	12579	32-7	32N 7W 20H	1	9		917		163		246		93		27		0		126		102
SAN JUAN 32-7 UNIT #241	12580	32-7	32N 7W 21G	1	9		1,220		217		324		99		35		0		190		155
SAN JUAN 32-7 UNIT #242	12643	32-7	32N 7W 33F	1	5		449		80		115		49		12		0		53		47
SAN JUAN 32-7 UNIT #243	17813	32-7	32N 7W 7L	1	7		443		79		117		66		13		0		39		33
SAN JUAN 32-7 UNIT #244	15582	32-7	32N 7W 17N	1	10		1,061		189		289		111		31		0		148		114
SAN JUAN 32-7 UNIT #245A	755	32-7	32N 7W 17P	1	19		4,125		735		1,100		244		119		0		737		500
SAN JUAN 32-7 UNIT #246	740	32-7	32N 7W 18L	1	10		1,496		266		405		116		44		0		245		194
SAN JUAN 32-7 UNIT #247	10786	32-7	32N 7W 7N	1	7		339		60		195		72		21		0		103		85
SAN JUAN 32-7 UNIT #248	759	32-7	32N 7W 8C	1	7		584		104		161		69		17		0		74		63
SAN JUAN 32-7 UNIT #249	760	32-7	32N 7W 9L	1	6		549		98		149		66		16		0		67		57
SAN JUAN 32-7 UNIT #250	12139	32-7	32N 7W 17N	1	7		278		49		160		65		17		0		78		66
YAGER N COM #5	4873	32-7	31N 7W 3N	1	5		367		8		12		7		1		0		4		4
RATTLESNAKE CANYON #105	4770	32-8	32N 8W 20H	1	6		885		37		57		25		6		0		26		22
SAN JUAN 32-8 UNIT #202	13657	32-8	32N 8W 27M	1	8		1,299		145		209		88		23		0		98		81
SAN JUAN 32-8 UNIT #203	14507	32-8	32N 8W 33G	1	5		714		80		115		56		12		0		46		40
SAN JUAN 32-8 UNIT #204	14508	32-8	32N 8W 34L	1	5		568		63		90		47		10		0		33		29
SAN JUAN 32-8 UNIT #205	14511	32-8	32N 8W 34G	1	5		599		67		96		48		10		0		38		34
SAN JUAN 32-8 UNIT #206	14445	32-8	31N 8W 24G	1	3		264		29		40		28		4		0		7		6
SAN JUAN 32-8 UNIT #207	13591	32-8	31N 8W 22N	1	7		1,015		113		142		76		15		0		51		42
SAN JUAN 32-8 UNIT #208	13557	32-8	32N 8W 29N	1	5		707		79		106		57		11		0		38		33
SAN JUAN 32-8 UNIT #213	12648	32-8	32N 8W 22N	1	2		216		24		36		24		4		0		8		8
SAN JUAN 32-8 UNIT #218	14509	32-8	32N 8W 35G	1	7		1,150		128		191		75		21		0		95		80
SAN JUAN 32-8 UNIT #219	14510	32-8	32N 8W 35M	1	7		1,150		128		188		81		20		0		87		72
SAN JUAN 32-8 UNIT #220	13706	32-8	31N 8W 24L	1	2		201		22		29		22		3		0		4		4
SAN JUAN 32-8 UNIT #221	13642	32-8	31N 8W 9M	1	4		449		50		67		39		7		0		20		18
SAN JUAN 32-8 UNIT #222	13658	32-8	31N 8W 9A	1	5		545		61		82		51		9		0		23		20
SAN JUAN 32-8 UNIT #223	13643	32-8	31N 8W 10N	1	2		204		23		30		22		3		0		5		4
SAN JUAN 32-8 UNIT #224	13644	32-8	31N 8W 10B	1	12		1,803		201		281		130		30		0		121		90
SAN JUAN 32-8 UNIT #225	14427	32-8	31N 8W 15M	1	11		1,679		187		249		119		27		0		103		78
SAN JUAN 32-8 UNIT #226	13707	32-8	31N 8W 15A	1	6		706		79		106		60		11		0		35		30
SAN JUAN 32-8 UNIT #227	14428	32-8	31N 8W 16L	1	4		387		43		55		39		6		0		10		9
SAN JUAN 32-8 UNIT #228	14429	32-8	31N 8W 16G	1	4		434		48		66		40		7		0		19		17
SAN JUAN 32-8 UNIT #229	13708	32-8	32N 8W 20E	1	5		685		76		110		54		12		0		45		39
SAN JUAN 32-8 UNIT #230	13716	32-8	32N 8W 28G	1	8		1,490		166		237		92		26		0		119		98
SAN JUAN 32-8 UNIT #231	13715	32-8	32N 8W 28L	1	5		757		84		114		57		12		0		45		39
SAN JUAN 32-8 UNIT #232	13709	32-8	32N 8W 29H	1	8		1,410		157		216		88		23		0		104		86
SAN JUAN 32-8 UNIT #233	13712	32-8	32N 8W 30G	1	8		1,724		192		268		96		29		0		143		117
SAN JUAN 32-8 UNIT #234	14430	32-8	31N 8W 21M	1	4		485		54		65		44		7		0		14		12
SAN JUAN 32-8 UNIT #235	14431	32-8	31N 8W 21G	1	3		285		32		41		27		4		0		9		9
SAN JUAN 32-8 UNIT #236	14432	32-8	31N 8W 22H	1	10		1,522		170		223		110		24		0		88		68
SAN JUAN 32-8 UNIT #237	13645	32-8	31N 8W 23G	1	4		461		51		68		45		7		0		15		13
SAN JUAN 32-8 UNIT #238	13652	32-8	31N 8W 23N	1	6		796		89		115		63		12		0		39		33
SAN JUAN 32-8 UNIT #239	13714	32-8	32N 8W 30M	1	6		835		93		127		68		14		0		45		38
SAN JUAN 32-8 UNIT #240	13725	32-8	31N 8W 3K	1	7		977		109		149		75		16		0		58		48
SAN JUAN 32-8 UNIT #241	13713	32-8	31N 8W 4A	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-8 UNIT #242	14433	32-8	31N 8W 4M	1	5		598		67		93		56		10		0		27		23
SAN JUAN 32-8 UNIT #243	14434	32-8	31N 8W 11M	1	6		674		75		107		60		12		0		35		30
SAN JUAN 32-8 UNIT #244	13730	32-8	31N 8W 14G	1	8		1,058		118		164		84		18		0		63		51
SAN JUAN 32-8 UNIT #245	14435	32-8	31N 8W 14K	1	6		789		88		117		62		13		0		42		36
SAN JUAN 32-8 UNIT #247	12555	32-8	32N 8W 19L	1	7		1,155		129		186		78		20		0		88		73
SAN JUAN 32-8 UNIT #248	14436	32-8	31N 8W 11G	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-8 UNIT #249	14437	32-8	31N 8W 3A	1	3		315		35		50		31		5		0		14		12
SAN JUAN 32-8 UNIT #250	13731	32-8	32N 8W 33M	1	6		849		95		128		65		14		0		49		41
SAN JUAN 32-8 UNIT #253	12649	32-8	32N 8W 27G	1	4		360		40		60		36		6		0		18		16
SAN JUAN 32-8 UNIT #254	14084	32-8	32N 8W 22M	1	4		442		49		74		40		8		0		26		23
SAN JUAN 32-8 UNIT #255	1874	32-8	32N 8W 24H	1	1		59		7		10		8		1		0		1		1
SAN JUAN 32-8 UNIT #256	19424	32-8	32N 8W 25	1	6		1,005		112		168		69		18		0		80		68
SAN JUAN 32-8 UNIT #257	16981	32-8	32N 8W 19A	1	7		1,236		138		206		77		22		0		106		90
SAN JUAN 32-8 UNIT #258	19425	32-8	32N 8W 15L	1	3		294		33		49		34		5		0		10		9
SAN JUAN 32-8 UNIT #259A	5043	32-8	32N 8W 22N	1	5		601		67		101		49		11		0		41		37
SAN JUAN 32-8 UNIT #260	19426	32-8	32N 8W 18K	1	5		707		79		118		53		13		0		52		46
SAN JUAN 32-8 UNIT #261	17021	32-8	32N 8W 17M	1	4		334		37		57		36		6		0		14		13
SAN JUAN 32-8 UNIT #262	19427	32-8	32N 8W 17H	1	5		577		64		99		53		11		0		35		30
SAN JUAN 32-8 UNIT #263A	6002	32-8	32N 8W 15P	1	9		1,538		171		266		101		29		0		136		109
SAN JUAN 32-8 UNIT #264	11694	32-8	32N 8W 9	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-8 UNIT #265	10789	32-8	32N 8W 14K	1	5		567		63		97		47		10		0		39		35
SAN JUAN 32-8 UNIT #266A	10791	32-8	32N 8W 14J	1	0		19		2		4		3		0		0		0		0
SAN JUAN 32-8 UNIT #267A	10123	32-8	32N 8W 23I	1	9		1,425		159		237		103		26		0		109		86
SAN JUAN 32-8 UNIT #36	15041	32-8	32N 8W 25G	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #104	14466	32-9	32N 10W 24G	1	2		274		7		9		6		1		0		2		2
SAN JUAN 32-9 UNIT #105	14467	32-9	31N 9W 18G	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #201	14438	32-9	31N 9W 2H	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #202	14439	32-9	31N 9W 2M	1	0		16		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #209	14273	32-9	31N 10W 2G	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #210	14274	32-9	31N 10W 2N	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #215	14468	32-9	32N 9W 10M	1	6		1,127		29		39		18		4		0		17		14
SAN JUAN 32-9 UNIT #217	14275	32-9	32N 9W 16G	1	6		1,066		28		37		19		4		0		14		12
SAN JUAN 32-9 UNIT #220	14000	32-9	31N 10W 11b	1	21		5,143		134		161		70		17		0		74		46


WILLIAMS PRODUCTION CO. TERMINATION PRESENT VALUE		MILLER AND LENTS, LTD.

FRUITLAND COAL RESERVES
UNDERLYING PROPERTIES/WILLIAMS COAL SEAM GAS ROYALTY TRUST
RESERVES AND ECONOMIC SUMMARY
PROVED RESERVES AS OF DECEMBER 31, 2009


								NET		REVENUE		OPER.		ADV&SEV				BFIT NET		10% DISC
					LIFE	GROSS GAS		GAS		TO INT.		EXPENSE		TAXES		CAPITAL		REVENUE		REVENUE
LEASE NAME	PROPID	UNIT	LOCATION	WELLS	YEARS	MMCF		MMCF		M$		M$		M$		M$		M$		M$

SAN JUAN 32-9 UNIT #221	12458	32-9	31N 10W 11	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #222	12556	32-9	31N 10W 12	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #223	12459	32-9	31N 10W 12	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #226	14469	32-9	32N 9W 32H	1	0		15		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #228	14440	32-9	32N 9W 36G	1	4		490		13		16		10		2		0		4		4
SAN JUAN 32-9 UNIT #229	14267	32-9	32N 10W 36H	1	2		260		7		9		6		1		0		2		2
SAN JUAN 32-9 UNIT #230	14470	32-9	32N 10W 36M	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #235	14450	32-9	32N 9W 36M	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #241	19430	32-9	32N 9W 13M	1	7		1,215		32		45		20		5		0		20		17
SAN JUAN 32-9 UNIT #242	766	32-9	32N 9W 14L	1	4		604		16		22		12		2		0		8		7
SAN JUAN 32-9 UNIT #250	14268	32-9	31N 9W 4G	1	4		479		13		16		10		2		0		4		4
SAN JUAN 32-9 UNIT #251	14269	32-9	31N 9W 4M	1	6		1,017		27		32		18		3		0		10		9
SAN JUAN 32-9 UNIT #252	14471	32-9	31N 9W 5A	1	5		685		18		21		13		2		0		6		5
SAN JUAN 32-9 UNIT #253	14472	32-9	31N 9W 5M	1	2		261		7		8		6		1		0		1		1
SAN JUAN 32-9 UNIT #254	14473	32-9	31N 9W 6A	1	0		33		1		1		1		0		0		0		0
SAN JUAN 32-9 UNIT #255	14474	32-9	31N 9W 6L	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #257	14475	32-9	31N 9W 8N	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #258	14476	32-9	31N 9W 9A	1	2		160		4		5		4		1		0		1		1
SAN JUAN 32-9 UNIT #259	14477	32-9	31N 9W 9L	1	6		914		24		28		16		3		0		8		7
SAN JUAN 32-9 UNIT #260	14270	32-9	31N 9W 10B	1	1		52		1		2		1		0		0		0		0
SAN JUAN 32-9 UNIT #261	14271	32-9	31N 9W 10N	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #262	14478	32-9	31N 9W 15A	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #263	14479	32-9	31N 9W 15F	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #264	14480	32-9	31N 9W 17H	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #268	14482	32-9	31N 9W 1A	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #269	14483	32-9	31N 10W 1L	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #270	14484	32-9	32N 9W 18A	1	5		837		22		28		15		3		0		10		9
SAN JUAN 32-9 UNIT #271	14485	32-9	32N 9W 18L	1	8		1,645		43		54		25		6		0		23		19
SAN JUAN 32-9 UNIT #272	5838	32-9	32N 9W 21	1	6		1,048		27		38		18		4		0		15		13
SAN JUAN 32-9 UNIT #273	14486	32-9	32N 9W 19L	1	2		248		6		8		6		1		0		2		2
SAN JUAN 32-9 UNIT #274	14272	32-9	32N 9W 28H	1	3		432		11		15		9		2		0		4		4
SAN JUAN 32-9 UNIT #275	14487	32-9	32N 9W 29M	1	2		182		5		6		5		1		0		1		1
SAN JUAN 32-9 UNIT #276	14344	32-9	32N 9W 27M	1	4		533		14		18		11		2		0		5		5
SAN JUAN 32-9 UNIT #277	14488	32-9	32N 9W 30M	1	1		120		3		4		3		0		0		1		1
SAN JUAN 32-9 UNIT #278	14489	32-9	32N 9W 31A	1	4		458		12		15		10		2		0		3		3
SAN JUAN 32-9 UNIT #279	14490	32-9	32N 9W 31M	1	1		136		4		4		3		0		0		1		1
SAN JUAN 32-9 UNIT #281	14491	32-9	32N 9W 32K	1	0		15		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #282	14345	32-9	32N 9W 33G	1	1		111		3		4		3		0		0		0		0
SAN JUAN 32-9 UNIT #283	14346	32-9	32N 9W 33L	1	3		456		12		15		9		2		0		4		4
SAN JUAN 32-9 UNIT #284	14492	32-9	32N 10W 13A	1	5		740		19		25		14		3		0		8		7
SAN JUAN 32-9 UNIT #285	14493	32-9	32N 10W 13N	1	6		1,033		27		33		18		4		0		12		10
SAN JUAN 32-9 UNIT #286	14494	32-9	32N 10W 14A	1	2		253		7		8		5		1		0		2		2
SAN JUAN 32-9 UNIT #287	14495	32-9	32N 10W 14K	1	3		525		14		16		10		2		0		5		4
SAN JUAN 32-9 UNIT #288	14496	32-9	32N 10W 23B	1	4		801		21		26		13		3		0		10		9
SAN JUAN 32-9 UNIT #289	14497	32-9	32N 10W 23M	1	3		380		10		12		8		1		0		3		3
SAN JUAN 32-9 UNIT #291	14498	32-9	32N 10W 24M	1	4		492		13		17		11		2		0		4		4
SAN JUAN 32-9 UNIT #292	14499	32-9	32N 10W 25A	1	3		375		10		13		8		1		0		3		3
SAN JUAN 32-9 UNIT #293	14500	32-9	32N 10W 25M	1	2		293		8		10		7		1		0		2		2
SAN JUAN 32-9 UNIT #294	14501	32-9	32N 10W 26A	1	3		321		8		11		8		1		0		2		2
SAN JUAN 32-9 UNIT #295	14502	32-9	32N 10W 26L	1	4		467		12		16		10		2		0		4		4
SAN JUAN 32-9 UNIT #296	13928	32-9	32N 10W 35B	1	1		128		3		3		3		0		0		0		0
SAN JUAN 32-9 UNIT #297	13929	32-9	32N 10W 35K	1	0		0		0		0		0		0		0		0		0
SAN JUAN 32-9 UNIT #300	14503	32-9	32N 10W 11K	1	2		339		9		11		7		1		0		3		3
SAN JUAN 32-9 UNIT #301	14504	32-9	32N 10W 12K	1	4		623		16		21		12		2		0		6		5
SAN JUAN 32-9 UNIT #302	15548	32-9	32N 9W 9K	1	2		250		7		8		6		1		0		2		1
SAN JUAN 32-9 UNIT #303 COM	12172	32-9	31N 10W 12A	1	0		0		0		0		0		0		0		0		0
HUERFANO UNIT #118 COM	4765	HUERFANO	27N 10W 30J	1	0		0		0		0		0		0		0		0		0
HUERFANO UNIT #12	14215	HUERFANO	26N 10W 4M	1	0		0		0		0		0		0		0		0		0
HUERFANO UNIT #138	17003	HUERFANO	26N 9W 22	1	0		0		0		0		0		0		0		0		0
HUERFANO UNIT #14R	14218	HUERFANO	26N 10W 5L	1	0		0		0		0		0		0		0		0		0
HUERFANO UNIT #18 COM	16974	HUERFANO	27N 10W 32M	1	0		0		0		0		0		0		0		0		0
HUERFANO UNIT #182	17019	HUERFANO	26N 9W 28	1	0		0		0		0		0		0		0		0		0
HUERFANO UNIT #19	14221	HUERFANO	26N 10W 5B	1	1		21		3		8		6		1		0		1		1
HUERFANO UNIT #22	14216	HUERFANO	27N 10W 33M	1	6		144		19		51		37		6		0		8		7
HUERFANO UNIT #223	14004	HUERFANO	26N 10W 4F	1	6		149		20		53		38		6		0		9		8
HUERFANO UNIT #231	17004	HUERFANO	26N 9W 6D	1	5		174		23		47		35		5		0		7		6
HUERFANO UNIT #237	17005	HUERFANO	26N 9W 17	1	0		7		1		2		2		0		0		0		0
HUERFANO UNIT #24	14222	HUERFANO	27N 10W 29M	1	0		0		0		0		0		0		0		0		0
HUERFANO UNIT #255	17006	HUERFANO	27N 9W 31	1	17		851		115		234		138		25		0		70		46
HUERFANO UNIT #257	17007	HUERFANO	27N 10W 36	1	2		52		7		14		11		2		0		2		1
HUERFANO UNIT #258S	2326	HUERFANO	27N 10W 36A	1	3		101		14		27		21		3		0		4		3
HUERFANO UNIT #259	13989	HUERFANO	26N 10W 6C	1	0		0		0		0		0		0		0		0		0
HUERFANO UNIT #282	14512	HUERFANO	27N 10W 31H	1	3		80		11		29		21		3		0		5		5
HUERFANO UNIT #286	14202	HUERFANO	27N 10W 35A	1	9		263		35		94		60		10		0		24		18
HUERFANO UNIT #34	22682	HUERFANO	26N 9W 8M	1	2		31		4		14		11		2		0		2		2
HUERFANO UNIT #37	22681	HUERFANO	26N 9W 18A	1	4		83		11		38		25		4		0		9		8
HUERFANO UNIT #46	13951	HUERFANO	26N 9W 23K	1	15		488		66		177		101		19		0		57		39
HUERFANO UNIT #500	17008	HUERFANO	26N 9W 20M	1	0		0		0		0		0		0		0		0		0
HUERFANO UNIT #501	17009	HUERFANO	26N 9W 20	1	11		464		63		127		80		14		0		33		25
HUERFANO UNIT #502	17010	HUERFANO	26N 9W 21	1	0		0		0		0		0		0		0		0		0
HUERFANO UNIT #503	13987	HUERFANO	26N 9W 21H	1	0		0		0		0		0		0		0		0		0
HUERFANO UNIT #504	17011	HUERFANO	26N 9W 22	1	0		0		0		0		0		0		0		0		0
HUERFANO UNIT #505	17012	HUERFANO	26N 9W 30	1	2		49		7		14		11		1		0		1		1
HUERFANO UNIT #507	17013	HUERFANO	26N 9W 27	1	0		0		0		0		0		0		0		0		0
HUERFANO UNIT #508	13985	HUERFANO	26N 9W 26K	1	15		515		69		184		104		20		0		59		40
HUERFANO UNIT #509	13999	HUERFANO	27N 10W 30D	1	0		0		0		0		0		0		0		0		0
HUERFANO UNIT #518 COM	17014	HUERFANO	26N 9W 16	1	6		200		10		21		16		2		0		3		2
HUERFANO UNIT #520	17015	HUERFANO	26N 9W 17	1	4		113		15		31		25		3		0		3		2
HUERFANO UNIT #521	17016	HUERFANO	27N 10W 35	1	16		726		98		197		122		21		0		53		35
HUERFANO UNIT #522	17017	HUERFANO	27N 9W 31	1	22		1,188		160		333		182		36		0		115		69
HUERFANO UNIT #523	14008	HUERFANO	26N 9W 23B	1	7		242		33		68		49		7		0		12		9
HUERFANO UNIT #528	12464	HUERFANO	26N 10W 6	1	0		0		0		0		0		0		0		0		0
HUERFANO UNIT #549	13950	HUERFANO	27N 10W 33A	1	5		144		19		51		34		6		0		12		10
HUERFANO UNIT #55	14223	HUERFANO	26N 9W 27H	1	0		0		0		0		0		0		0		0		0
HUERFANO UNIT #550	17018	HUERFANO	27N 10W 29	1	0		0		0		0		0		0		0		0		0
HUERFANO UNIT #551 COM	4766	HUERFANO	26N 9W 16A	1	1		39		2		4		3		0		0		0		0
HUERFANO UNIT #59	13952	HUERFANO	26N 9W 26B	1	1		18		2		6		5		1		0		0		0
HUERFANO UNIT #6	14377	HUERFANO	27N 10W 31M	1	0		0		0		0		0		0		0		0		0
HUERFANO UNIT #600	706	HUERFANO	27N 10W 19A	1	1		13		2		4		3		0		0		0		0
HUERFANO UNIT #70	14224	HUERFANO	26N 10W 8C	1	0		5		1		2		1		0		0		0		0
HUERFANO UNIT #74	13988	HUERFANO	27N 10W 19M	1	0		0		0		0		0		0		0		0		0
NE BLANCO UNIT #400R	14350	NEBU	31N 6W 7L	1	6		507		4		5		2		1		0		2		2
NE BLANCO UNIT #401	14278	NEBU	30N 7W 9L	1	9		844		7		8		3		1		0		4		3
NE BLANCO UNIT #402	13561	NEBU	30N 7W 5A	1	10		1,021		8		11		4		1		0		5		4
NE BLANCO UNIT #403R	14279	NEBU	30N 7W 9G	1	7		638		5		6		3		1		0		3		2
NE BLANCO UNIT #404R	14280	NEBU	31N 7W 34E	1	10		1,079		8		11		4		1		0		6		5
NE BLANCO UNIT #406	13560	NEBU	31N 7W 22B	1	8		643		5		7		3		1		0		3		3
NE BLANCO UNIT #407	14281	NEBU	30N 7W 21A	1	7		601		5		6		3		1		0		2		2
NE BLANCO UNIT #408	13562	NEBU	31N 7W 20A	1	7		493		4		5		3		1		0		2		2
NE BLANCO UNIT #409	14282	NEBU	30N 7W 10N	1	9		784		6		7		3		1		0		3		3
NE BLANCO UNIT #410	14283	NEBU	31N 7W 9K	1	7		644		5		7		3		1		0		3		3
NE BLANCO UNIT #411	14284	NEBU	30N 7W 10G	1	11		1,004		8		10		4		1		0		4		3
NE BLANCO UNIT #412	14285	NEBU	31N 7W 29N	1	11		1,238		10		13		4		1		0		7		5
NE BLANCO UNIT #413R	14286	NEBU	30N 7W 20A	1	9		816		6		8		4		1		0		3		3


WILLIAMS PRODUCTION CO. TERMINATION PRESENT VALUE		MILLER AND LENTS, LTD.

FRUITLAND COAL RESERVES
UNDERLYING PROPERTIES/WILLIAMS COAL SEAM GAS ROYALTY TRUST
RESERVES AND ECONOMIC SUMMARY
PROVED RESERVES AS OF DECEMBER 31, 2009


								NET		REVENUE		OPER.		ADV&SEV				BFIT NET		10% DISC
					LIFE	GROSS GAS		GAS		TO INT.		EXPENSE		TAXES		CAPITAL		REVENUE		REVENUE
LEASE NAME	PROPID	UNIT	LOCATION	WELLS	YEARS	MMCF		MMCF		M$		M$		M$		M$		M$		M$

NE BLANCO UNIT #414	13569	NEBU	31N 7W 30H	1	9		804		6		8		3		1		0		4		3
NE BLANCO UNIT #415	14287	NEBU	30N 7W 2G	1	11		956		7		9		4		1		0		4		3
NE BLANCO UNIT #416	13563	NEBU	31N 7W 21A	1	3		174		1		2		1		0		0		0		0
NE BLANCO UNIT #417	14288	NEBU	30N 7W 2M	1	15		1,959		15		19		6		2		0		10		7
NE BLANCO UNIT #418	14289	NEBU	31N 7W 28M	1	12		1,176		9		12		5		1		0		6		4
NE BLANCO UNIT #419	14290	NEBU	30N 7W 3N	1	13		1,460		11		14		5		2		0		7		5
NE BLANCO UNIT #420	13564	NEBU	31N 7W 28B	1	0		0		0		0		0		0		0		0		0
NE BLANCO UNIT #421R	14291	NEBU	30N 7W 4P	1	10		1,178		9		11		4		1		0		6		4
NE BLANCO UNIT #422	13570	NEBU	31N 7W 20N	1	15		1,288		10		13		6		1		0		6		4
NE BLANCO UNIT #423R	14292	NEBU	30N 7W 8J	1	7		737		6		7		3		1		0		3		3
NE BLANCO UNIT #424	14293	NEBU	30N 7W 4F	1	10		1,120		9		12		4		1		0		6		5
NE BLANCO UNIT #425R	14294	NEBU	30N 7W 8N	1	9		951		7		9		4		1		0		5		4
NE BLANCO UNIT #426	14262	NEBU	31N 6W 6L	1	7		600		5		6		3		1		0		3		2
NE BLANCO UNIT #427R	14295	NEBU	30N 7W 16M	1	5		345		3		3		2		0		0		1		1
NE BLANCO UNIT #428	13571	NEBU	31N 7W 24A	1	7		614		5		6		3		1		0		3		3
NE BLANCO UNIT #429R	14296	NEBU	30N 7W 17B	1	4		313		2		3		2		0		0		1		1
NE BLANCO UNIT #430	13565	NEBU	30N 7W 5L	1	12		858		7		9		4		1		0		4		3
NE BLANCO UNIT #431	14297	NEBU	30N 7W 17O	1	6		581		5		6		2		1		0		2		2
NE BLANCO UNIT #432	13566	NEBU	30N 7W 7A	1	11		1,019		8		11		4		1		0		5		4
NE BLANCO UNIT #433	14298	NEBU	30N 7W 19M	1	0		0		0		0		0		0		0		0		0
NE BLANCO UNIT #434	14299	NEBU	31N 7W 23K	1	14		1,868		15		19		6		2		0		11		8
NE BLANCO UNIT #435	14300	NEBU	30N 8W 1K	1	5		299		2		3		2		0		0		1		1
NE BLANCO UNIT #436	13572	NEBU	31N 6W 19G	1	7		467		4		5		2		1		0		2		2
NE BLANCO UNIT #437	14301	NEBU	30N 8W 12N	1	6		409		3		4		2		0		0		1		1
NE BLANCO UNIT #438	14361	NEBU	31N 6W 18A	1	2		77		1		1		1		0		0		0		0
NE BLANCO UNIT #439	14302	NEBU	30N 8W 13M	1	16		2,043		16		19		7		2		0		11		7
NE BLANCO UNIT #440	13573	NEBU	31N 7W 11A	1	6		449		3		5		2		1		0		2		2
NE BLANCO UNIT #441R	14303	NEBU	30N 8W 24G	1	7		463		4		4		2		0		0		1		1
NE BLANCO UNIT #442	14304	NEBU	31N 7W 11M	1	8		723		6		8		3		1		0		4		3
NE BLANCO UNIT #443	14305	NEBU	30N 8W 24N	1	12		920		7		9		4		1		0		3		3
NE BLANCO UNIT #444	14362	NEBU	31N 7W 23A	1	6		496		4		5		2		1		0		2		2
NE BLANCO UNIT #445	14306	NEBU	31N 8W 25M	1	5		377		3		4		2		0		0		1		1
NE BLANCO UNIT #446	14307	NEBU	31N 7W 33K	1	8		473		4		5		3		1		0		1		1
NE BLANCO UNIT #447	14308	NEBU	31N 8W 36K	1	7		599		5		6		3		1		0		2		2
NE BLANCO UNIT #448	13567	NEBU	31N 7W 32G	1	9		659		5		7		3		1		0		3		2
NE BLANCO UNIT #449	14309	NEBU	31N 7W 19M	1	7		520		4		5		3		1		0		2		1
NE BLANCO UNIT #450	14310	NEBU	31N 7W 32N	1	6		395		3		4		2		0		0		1		1
NE BLANCO UNIT #451	14311	NEBU	30N 7W 6B	1	8		670		5		6		3		1		0		3		2
NE BLANCO UNIT #452	13574	NEBU	31N 7W 15G	1	2		74		1		1		1		0		0		0		0
NE BLANCO UNIT #453	14312	NEBU	30N 7W 6M	1	7		505		4		5		2		1		0		2		1
NE BLANCO UNIT #454	14313	NEBU	31N 7W 33A	1	17		1,811		14		19		7		2		0		10		7
NE BLANCO UNIT #455	14314	NEBU	31N 7W 31B	1	17		2,623		20		25		7		3		0		15		10
NE BLANCO UNIT #456	13575	NEBU	31N 7W 26H	1	6		366		3		4		2		0		0		1		1
NE BLANCO UNIT #457	14315	NEBU	31N 7W 31E	1	6		510		4		5		2		1		0		2		2
NE BLANCO UNIT #458	13576	NEBU	31N 7W 13A	1	3		193		2		2		1		0		0		1		1
NE BLANCO UNIT #459	14316	NEBU	31N 7W 19G	1	16		2,215		17		21		7		2		0		12		8
NE BLANCO UNIT #460	14351	NEBU	31N 6W 7A	1	12		1,380		11		14		5		2		0		8		6
NE BLANCO UNIT #461	14317	NEBU	30N 7W 12D	1	4		270		2		3		2		0		0		1		1
NE BLANCO UNIT #462	14318	NEBU	31N 7W 1N	1	7		745		6		8		3		1		0		4		3
NE BLANCO UNIT #463	14319	NEBU	30N 7W 18J	1	5		327		3		3		2		0		0		1		1
NE BLANCO UNIT #464	13577	NEBU	31N 7W 10P	1	1		57		0		1		0		0		0		0		0
NE BLANCO UNIT #465	14320	NEBU	30N 8W 1A	1	7		616		5		6		3		1		0		3		2
NE BLANCO UNIT #466	14321	NEBU	31N 7W 34B	1	5		306		2		3		2		0		0		1		1
NE BLANCO UNIT #467	14322	NEBU	30N 8W 12A	1	6		450		3		4		2		0		0		2		1
NE BLANCO UNIT #468	14323	NEBU	31N 7W 35A	1	6		450		4		5		2		1		0		2		2
NE BLANCO UNIT #469	14324	NEBU	30N 8W 13A	1	10		1,193		9		11		4		1		0		6		5
NE BLANCO UNIT #470	14352	NEBU	31N 7W 27H	1	3		153		1		2		1		0		0		0		0
NE BLANCO UNIT #471	14325	NEBU	31N 8W 25B	1	8		883		7		8		3		1		0		4		3
NE BLANCO UNIT #472	14326	NEBU	31N 7W 29G	1	8		554		4		6		3		1		0		2		2
NE BLANCO UNIT #473	14327	NEBU	31N 8W 36G	1	5		447		3		4		2		0		0		2		2
NE BLANCO UNIT #474	14353	NEBU	31N 7W 26M	1	7		435		3		5		3		0		0		1		1
NE BLANCO UNIT #475	14328	NEBU	30N 7W 19K	1	4		230		2		2		1		0		0		1		0
NE BLANCO UNIT #476	14329	NEBU	31N 7W 22M	1	10		851		7		9		4		1		0		4		3
NE BLANCO UNIT #477	14379	NEBU	30N 7W 29H	1	3		136		1		1		1		0		0		0		0
NE BLANCO UNIT #478	14330	NEBU	31N 7W 21M	1	10		887		7		9		4		1		0		4		3
NE BLANCO UNIT #479R	13942	NEBU	30N 7W 20C	1	6		460		4		4		2		0		0		2		1
NE BLANCO UNIT #480	14332	NEBU	31N 7W 14L	1	13		1,165		9		12		5		1		0		6		4
NE BLANCO UNIT #481	14333	NEBU	31N 7W 36N	1	6		466		4		4		2		0		0		2		1
NE BLANCO UNIT #482	14334	NEBU	31N 7W 15M	1	9		995		8		10		4		1		0		5		4
NE BLANCO UNIT #483	14335	NEBU	31N 7W 36G	1	3		179		1		2		1		0		0		0		0
NE BLANCO UNIT #484	14336	NEBU	31N 7W 16A	1	3		179		1		2		1		0		0		1		0
NE BLANCO UNIT #485	14337	NEBU	30N 7W 3A	1	2		84		1		1		1		0		0		0		0
NE BLANCO UNIT #486	14338	NEBU	31N 6W 19K	1	7		682		5		7		3		1		0		4		3
NE BLANCO UNIT #487	14339	NEBU	31N 7W 35L	1	14		1,732		13		18		6		2		0		10		7
NE BLANCO UNIT #488	14340	NEBU	31N 7W 24L	1	10		1,307		10		14		4		1		0		8		6
NE BLANCO UNIT #489	14364	NEBU	31N 7W 12L	1	1		33		0		0		0		0		0		0		0
NE BLANCO UNIT #490	14363	NEBU	31N 7W 14H	1	10		812		6		8		4		1		0		4		3
NE BLANCO UNIT #491	14368	NEBU	31N 7W 25J	1	4		236		2		3		2		0		0		1		1
NE BLANCO UNIT #492	14354	NEBU	31N 7W 12B	1	5		359		3		4		2		0		0		2		1
NE BLANCO UNIT #493	14380	NEBU	31N 7W 25H	1	8		538		4		6		3		1		0		2		2
NE BLANCO UNIT #494	14341	NEBU	31N 7W 27N	1	16		1,328		10		14		6		1		0		6		4
NE BLANCO UNIT #495	14381	NEBU	31N 6W 30L	1	2		70		1		1		1		0		0		0		0
NE BLANCO UNIT #496	14355	NEBU	31N 6W 18L	1	6		467		4		5		2		1		0		2		2
NE BLANCO UNIT #497	14382	NEBU	31N 6W 30H	1	11		868		7		9		4		1		0		4		3
NE BLANCO UNIT #498	14365	NEBU	31N 7W 13L	1	5		377		3		4		2		0		0		2		1
NE BLANCO UNIT #499	14383	NEBU	31N 6W 20P	1	8		687		5		7		3		1		0		4		3
NE BLANCO UNIT #500	14356	NEBU	31N 6W 20D	1	8		637		5		7		3		1		0		3		2
NE BLANCO UNIT #504	14342	NEBU	31N 7W 16M	1	5		316		2		3		2		0		0		1		1
NE BLANCO UNIT #505	14384	NEBU	30N 7W 21C	1	10		868		7		8		4		1		0		3		3
BARNES GAS COM F #1	14369	NON-UNIT	32N 11W 26K	1	0		0		0		0		0		0		0		0		0
BLANCO #201	13592	NON-UNIT	31N 8W 35L	1	5		751		111		182		109		20		0		53		46
BLANCO #202	13651	NON-UNIT	31N 8W 26G	1	9		1,410		208		358		192		39		0		127		100
BLANCO #203	13649	NON-UNIT	31N 8W 35A	1	4		386		57		95		70		10		0		14		13
BLANCO #204R	14451	NON-UNIT	31N 8W 26M	1	4		382		56		97		69		10		0		18		16
BLANCO #330	14219	NON-UNIT	31N 8W 5N	1	7		1,245		91		155		77		17		0		61		51
BONDS COM #100	14220	NON-UNIT	32N 10W 15M	1	11		2,334		116		200		82		22		0		97		75
DECKER GAS COM A #1	14370	NON-UNIT	32N 10W 17L	1	7		1,051		77		129		68		14		0		47		40
EAGLE #750	14375	NON-UNIT	32N 9W 16M	1	3		337		7		10		7		1		0		2		2
FC BARNES #1	14371	NON-UNIT	32N 11W 15N	1	0		0		0		0		0		0		0		0		0
FC FEE COM #2	14277	NON-UNIT	32N 11W 30K	1	0		0		0		0		0		0		0		0		0
FC STATE COM #19	14276	NON-UNIT	30N 9W 36G	1	0		0		0		0		0		0		0		0		0
FC STATE COM #20	12651	NON-UNIT	30N 8W 2B	1	6		853		15		25		14		3		0		8		7
HEIZER #100	14203	NON-UNIT	32N 10W 15G	1	10		2,192		1		2		1		0		0		1		1
HUBBARD GAS COM A #1	14250	NON-UNIT	32N 11W 30H	1	0		0		0		0		0		0		0		0		0
JACQUEZ #331	14343	NON-UNIT	31N 8W 6L	1	4		425		32		55		33		6		0		15		14
KEYS GAS COM G #1R	14212	NON-UNIT	32N 10W 27K	1	0		0		0		0		0		0		0		0		0
MOORE, WAYNE COM #2	14442	NON-UNIT	31N 9W 16M	1	2		127		5		9		7		1		0		1		1
NORDHAUS #716	14360	NON-UNIT	31N 9W 13H	1	4		540		39		66		42		7		0		17		15
PAYNE #201	14225	NON-UNIT	32N 10W 20L	1	1		103		2		3		2		0		0		0		0
QUINN #336	14226	NON-UNIT	31N 8W 17N	1	0		0		0		0		0		0		0		0		0
SAN JUAN 31 FED 3 #2	14418	NON-UNIT	31N 9W 3M	1	5		646		96		165		103		18		0		44		38
SEYMOUR #720	14357	NON-UNIT	31N 9W 23A	1	5		716		52		82		51		9		0		22		19
STATE GAS COM AA #1	14441	NON-UNIT	30N 8W 36K	1	11		1,285		25		46		26		5		0		15		11

TOTAL PROVED DEVELOPED: 320-Acre New Mexico				660			343,616		26,424		38,724		18,650		4,242		0		15,831		12,422


WILLIAMS PRODUCTION CO. TERMINATION PRESENT VALUE		MILLER AND LENTS, LTD.

FRUITLAND COAL RESERVES
UNDERLYING PROPERTIES/WILLIAMS COAL SEAM GAS ROYALTY TRUST
RESERVES AND ECONOMIC SUMMARY
PROVED RESERVES AS OF DECEMBER 31, 2009

NET

REVENUE

OPER.

ADV&SEV

BFIT NET

10% DISC

LIFE

GROSS GAS

GAS

TO INT.

EXPENSE

TAXES

CAPITAL

REVENUE

LEASE NAME

PROPID

UNIT

LOCATION

WELLS

YEARS

MMCF

TOTAL PROVED DEVELOPED: NEW MEXICO

1102

506,473

40,821

58,708

27,565

6,420

24,723

19,776

PROVED UNDEVELOPED RESERVES

TOTAL PROVED UNDEVELOPED: 160-Acre New Mexico

TOTAL PROVED UNDEVELOPED: 320-Acre New Mexico

TOTAL PROVED UNDEVELOPED: NEW MEXICO

TOTAL PROVED RESERVES: NEW MEXICO

1102

506,473

40,821

58,708

27,565

6,420

24,723

19,776

TOTAL PROVED RESERVES

1123

530,722

45,755

63,661

27,565

6,420

29,675

23,499

WILLIAMS COAL SEAM GAS ROYALTY TRUST - FORM 10-K/A - EX-99.4 - December 3, 2010

Attached files

WILLIAMS COAL SEAM GAS ROYALTY TRUST Reports