Attached files
| file | filename |
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| 8-K - 8-K - American Standard Energy Corp. | v211794_8k.htm |
AGREEMENT
FOR THE PURCHASE OF PARTIAL LEASEHOLDS
This
Agreement for the Purchase of Partial Leaseholds ("Agreement") executed this
February 10, 2011 with an effective date of February 1, 2011, by and between
Geronimo Holding Corporation ("Seller") and American Standard Energy, Corp.
("Buyer").
Seller
desires to sell to Buyer, and Buyer desires to purchase from Seller, certain
mineral rights leaseholds held on properties located on approximately 1,600
acres within multiple counties within Texas and Oklahoma as described in EXHIBIT A: Summarized as
below;
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·
Cornett
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·
Capps Farms No. 1
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|
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·
J.F. Lane “A” A/C
#1
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·
State WE L
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·
Seabean***
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·
Davies Estate #2
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·
Matula
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***Seabean
acquisition is evidenced by separate Purchase Agreement dated February 1, 2011
but is included in the Group1 Property as evidenced by this
Agreement.
Collectively
referred to as the “Group 1 Property”, from Geronimo Holding
Corporation.
In
addition, to the above Group 1 properties the Seller desires to sell to Buyer,
and Buyer desires to purchase from Seller, certain mineral rights leaseholds
held on additional properties located on approximately 2,500 acres located
within multiple counties within Texas, Oklahoma and Arkansas collectively
referred to as the “Group 2 Property”, from Geronimo Holding Corporation as
described in Exhibit A: Summarized as below;
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·
Reveley Gas
Unit
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·
Granger
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·
Federal
1x-5t
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·
Jordan B
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·
TCG #1
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·
McGinty
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·
Bell C Glo.
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·
JF Lane “A” A/C #2
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·
John Lane Nos. 1 & 2
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·
King Ranch oil and lignite
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·
Badger State #1
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·
JH Shirk Est.
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·
University Y
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·
Jerry B Clayton
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University Z
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·
Booger Bear
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·
Luther Gray Unit #1
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NOW,
THEREFORE, in consideration of the mutual promises herein contained, the parties
hereto agree as follows:
1. Sale.
Seller
agrees to sell, transfer and convey to Buyer, and Buyer agrees to purchase the
aforementioned partial leaseholds/Wells (the "Group 1 Property" and the “Group 2
Property”): See EXHIBIT A.
2. Price.
Buyer
shall pay Seller for both Group 1 Property and Group 2 Property (the “Property”)
the sum of SEVEN MILLION DOLLARS ($7,000,000) cash payable at
Close.
3. Transfer of
Title.
Title to
and ownership of all rights to the Property shall pass from Seller to Buyer upon
close of escrow with an effective date of February 10, 2011. Prior to
Close of Escrow Seller shall deliver to Buyer the following items as well as
such other information and documents as Buyer may reasonably request during the
Due Diligence Period:
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·
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Copies
of Original Leases
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·
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Copies
of any subsequent Leases
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·
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Any
Assignments made on the Property
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·
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Title
reports of the Property
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·
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Division
Orders (if available)
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·
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Engineering
Reports of the Property
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·
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Full
Legal Description of the Property
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Completion
of the 2009 Financial Audit of Seller or carve out for specific
properties
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·
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Completion
of the 2010 Engineering Report of
Seller
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Joint
Interest Billings
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API
Number
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·
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Well
ID Number (if any)
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·
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Production
Report (if applicable)
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4. Representations and
Warranties of Seller.
(a) Seller
warrants that the title to the Property shall be of marketable title free of
undisclosed liens, mortgages, leases, or other rights in the
Property.
(b) Authority; Capacity to
Sell. The Seller has all requisite power and authority to
execute and deliver this Agreement and to consummate the transactions
contemplated hereby. The execution, delivery and performance of this
Agreement has been duly authorized by all necessary action on the part of the
Seller, and constitutes a legal, valid and binding obligation of the Seller,
enforceable against the Seller in accordance with its terms, except as such
enforceability may be limited by: (i) applicable bankruptcy, insolvency,
reorganization, moratorium or other similar Laws affecting the enforcement of
creditors' rights generally; and (ii) general principles of equity
(regardless of whether such enforceability is considered in a proceeding in
equity or at law).
(c) No Violation of Law or
Agreement. The execution, delivery and performance by Seller
of this Agreement, and the consummation of the transactions contemplated hereby,
do not and will not: (a) conflict with or result in a violation or breach of, or
default under, any provision of the certificate of incorporation, by-laws or
other organizational documents of Seller; (b) conflict with or result in a
violation or breach of any provision of any Law or governmental order applicable
to Seller; (c) require the consent, notice or other action by any person under,
conflict with, result in a violation or breach of, constitute a default or an
event that, with or without notice or lapse of time or both, would constitute a
default under, result in the acceleration of or create in any party the right to
accelerate, terminate, modify or cancel any contract to which the Seller is a
party or by which the Seller is bound or to which any of their respective
properties and assets are subject or any permit affecting the properties, assets
or business of the Seller; or (d) result in the creation or imposition of any
encumbrance on any properties or assets of the Company. No consent, approval,
permit, governmental order, declaration or filing with, or notice to, any
governmental authority is required by or with respect to the Seller in
connection with the execution and delivery of this Agreement and the
consummation of the transactions contemplated hereby. For purposes hereof,
“Law” means any statute, law, ordinance, regulation, rule, code, order,
constitution, treaty, common law, judgment, decree, other requirement or rule of
law of any Governmental Authority.
(d) Consents. All
consents, approvals or authorizations of, or registrations, filings or
declarations with, any governmental authority or any other person, if any,
required in connection with the execution, delivery and performance by the
Sellers of this Agreement or the transactions contemplated hereby have been or
at the closing of this Agreement will have been obtained by the Seller and will
be in full force and effect.
(e) Full
Disclosure. No representation or warranty by Seller in this
Agreement or any certificate or other document furnished or to be furnished to
Buyer pursuant to this Agreement contains any untrue statement of a material
fact, or omits to state a material fact necessary to make the statements
contained therein, in light of the circumstances in which they are made, not
misleading.
(f) Contingencies. Seller
shall provide completed Title Report to Buyer. Sales price shall be
adjusted accordingly should the results of the Title Report indicate anything
contrary to this Agreement.
(g) Net Royalty
Interest. Seller affirms that the Seller conveys at least
SEVENTY THREE PERCENT (73%) Net Royalty Interest (NRI) of each Property, lease,
or well (with the exception of King Ranch oil and lignite {gas portion} which is
slightly less than 73%) to the Buyer. If upon discovery of less than
73% NRI after close then Seller shall supplement additional property(ies) to
cure any deficiency.
(h) Royalties. Seller
shall credit/forward to Buyer any revenue or Royalties received by operators of
the respective Properties with an effective date of February 1,
2011. Any royalties received with an effective date of January 31,
2011 or earlier shall belong to Seller. Any royalties received with
an effective date of February 1, 2011 or later shall belong to
Buyer.
5. Representations and
Warranties of Buyer.
(a) Authority; Capacity to
Purchase. Buyer is duly organized, validly existing and in
good standing under the Laws of its jurisdiction of organization and has all
requisite power and authority to execute and deliver this Agreement and to
consummate the transactions contemplated hereby. The execution,
delivery and performance of this Agreement has been duly authorized by all
necessary action on the part of the Buyer, and constitutes a legal, valid and
binding obligation of such Buyer, enforceable against the Buyer in accordance
with its terms, except as such enforceability may be limited by:
(i) applicable bankruptcy, insolvency, reorganization, moratorium or other
similar Laws affecting the enforcement of creditors' rights generally; and
(ii) general principles of equity (regardless of whether such
enforceability is considered in a proceeding in equity or at law).
(b) No Conflicts’
Consents. The execution, delivery and performance by Buyer of
this Agreement and the consummation of the transactions contemplated hereby, do
not and will not: (a) conflict with or result in a violation or breach of, or
default under, any provision of the certificate of incorporation, by-laws or
other organizational documents of Buyer; (b) conflict with or result in a
violation or breach of any provision of any Law or governmental order applicable
to Buyer; or (c) require the consent, notice or other action by any person under
any contract to which Buyer is a party. No consent, approval, permit,
governmental order, declaration or filing with, or notice to, any governmental
authority is required by or with respect to Buyer in connection with the
execution and delivery of this Agreement and the consummation of the
transactions contemplated hereby.
6. Limitation of
Liability.
In no
event shall Seller be liable for any special, indirect, incidental or
consequential damages arising out of or connected with this Agreement or the
Property, regardless of whether a claim is based on contract, tort, strict
liability or otherwise, nor shall Buyer's damages exceed the amount of the
purchase price of the Property.
7. Notices.
Any
notice required by this Agreement or given in connection with it, shall be in
writing and shall be given to the appropriate party by personal delivery or by
certified mail, postage prepaid, or recognized overnight delivery
services.
If to
Seller:
Geronimo
Holding Corporation
P.O. Box
804
Midland,
TX 79702
If to
Buyer:
American
Standard Energy, Corp.
4800
North Scottsdale Road
Suite
1400
Scottsdale,
AZ 85251
8. Governing
Law.
This
Agreement shall be construed and enforced in accordance with the laws of the
state of Arizona.
9. Final
Agreement.
This
Agreement terminates and supersedes all prior understandings or agreements on
the subject matter hereof. This Agreement may be modified only by a
further writing that is duly executed by both parties.
10. Severability.
If any
term of this Agreement is held by a court of competent jurisdiction to be
invalid or unenforceable, then this Agreement, including all of the remaining
terms, will remain in full force and effect as if such invalid or unenforceable
term had never been included.
11. Headings.
Headings
used in this Agreement are provided for convenience only and shall not be used
to construe meaning or intent.
THIS
SECTION INTENTIONALLY LEFT BLANK – SIGNATURES ON FOLLOWING PAGE
IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as
of the date first above written.
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Geronimo
Holding Corporation
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American
Standard Energy, Corp.
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|||
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By:
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/s/Randall Capps
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By:
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/s/Scott Feldhacker
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Randall
Capps
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Scott
Feldhacker
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|||
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President
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Chief
Executive Officer
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|||
EXHIBIT
A
Exhibit
“A”
Attached
to and made a part of that certain Agreement for the Purchase of Partial
Leaseholds dated February 10, 2011 between Geronimo Holding Corporation, as
Seller and American Standard Energy Corp., as Buyer
GROUP 1
PROPERTIES
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CORNETT LEASE
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28.333333%
GWI
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21.25%
NRI
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GAINES
COUNTY, TEXAS
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Lease
#1
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||
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Lessor:
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David
Thane Cornett, dealing in his sole and separate
property
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Lessee:
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John
M. Clark, Inc.
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Dated:
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October
29, 2004
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Recorded:
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#R
0004755 Official Public Records, Gaines County, Texas
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Description:
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SW/4
Section 63, Block G, W.T.R.R. Company Survey
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Lease
#2
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||
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Lessor:
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Jim
L. Cornett, dealing in his sole and separate property
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Lessee:
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John
M. Clark, Inc.
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Dated:
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October
29, 2004
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Recorded:
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#R
0004756 Official Public Records, Gaines County, Texas
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Description:
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SW/4
Section 63, Block G, W.T.R.R. Company Survey
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Lease
#3
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||
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Lessor:
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Elbert
Duane Cornett, dealing in his sole and separate
property
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Lessee:
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John
M. Clark, Inc.
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Dated:
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October
29, 2004
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Recorded:
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#R
0004754 Official Public Records, Gaines County, Texas
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Description:
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SW/4
Section 63, Block G, W.T.R.R. Company Survey
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Lease
#4
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||
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Lessor:
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John
W. Cornett, dealing in his sole and separate property
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Lessee:
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John
M. Clark, Inc.
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Dated:
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October
29, 2004
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Recorded:
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#R
0004866 Official Public Records, Gaines County, Texas
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Description:
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SW/4
Section 63, Block G, W.T.R.R. Company
Survey
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J. F. LANE A A/C #1
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100%
GWI
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75%
NRI
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Upton
County, Texas
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Lessor:
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John
F. Lane and Allie Lane, his wife
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Lessee:
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W.B.
Powell
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Lease
Date:
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06/11/25
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Recording
Data:
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Book
17, Page 106, Upton County, Texas
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Description:
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N/2
SW/4 and SE/4 SW/4 of Section 5, Abstract 213, G.C. & S.F.
Ry.
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Co.Survey,
Upton County, Texas
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SEABEAN #1
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22.40%
GWI
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16.80% NRI |
Gaines
County, Texas
SW/4 SW/4 Section 166, Block G,
H&TC Ry. Co. Survey, Gaines County, Texas
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MATULA
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99.0%
GWI
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74.25% NRI |
San
Patricio, Texas
Oil, Gas
and Mineral Leases – All Oil, Gas and Mineral Leases filed of recorded in the
Official Public Records of San Patricio County, Texas
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Lease
Date:
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September
18, 2006
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Lessor:
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Beverly
Anne Matula (aka Beverly Jarvis Draper-Matula) etal
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Lessee:
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XOG
Operating, LLC
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Recording
Data:
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File
#561175 & #561176
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Legal
Description: 99.329
acres of land, more or less, being all of Farm Block 90 and 84 and all of the
East one-half of Farm Block 83 of the Welder and Odem Subdivision of 4,309.88
acres according to the Map or Plat thereof recorded in Volume 2, Page 4 of the
Map Records of San Patricio County, Texas; and being a portion of that tract of
land more particularly described in a Partition Deed dated September 9, 1930, by
and between B. T. Draper and wife, Verna Draper and Hassie O’Bryant joined by
her husband, R.H. O’Bryant, recorded in Vol. 97, Page 405 of the Deed Records of
San Patricio County, Texas.
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Lease
Date:
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October
5, 2005
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Lessor:
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Irvin
C. Hatridge, Jr., Trustee
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Lessee:
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XOG
Operating, LLC
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Recording
Data:
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File
#555482
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Legal
Description: 20
acres of land, more and less, being all of the west or northwest one-half of
Farm Block 83 of the Welder and Odem Subdivision as shown by map or plat of said
subdivision recorded in Volume 2, Page 4 of the Map Records of San Patricio
County, Texas. Said 20 acres being a portion of that tract of land
described in an Oil, Gas and Mineral Deed dated August 20, 1987 from Sylvan
Gurinsky, et al, as grantors, to Irvin C. Hatridge, Jr., Trustee, as grantee,
recorded under instrument number 364441 in the Official Records of San Patricio
County, Texas.
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Lease
Date:
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October
12, 2005
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Lessor:
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Aaron
L. Ward and wife, Reba J. Ward
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Lessee:
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XOG
Operating, LLC
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Recording
Data:
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File
#555481
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Legal
Description: 20
acres of land, more and less, being all of the west or northwest one-half of
Farm Block 83 of the Welder and Odem Subdivision as shown by map or plat of said
subdivision recorded in Volume 2, Page 4 of the Map Records of San Patricio
County, Texas. Said 20 acres being more particularly described in a
Warranty Deed dated 1-10-73 from Lynn D. Headrick, et al, as grantors, to Aaron
Ward, as grantee, recorded in Vol. 462, Page 68 of the Deed Records of San
Patricio County, Texas.
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Lease
Date:
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November
11, 2005
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Lessor:
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Virginia
T. Abercrombie and John B. Abercrombie, Trustees of the Yvonne B. Townsend
Trust
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Lessee:
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XOG
Operating, LLC
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Recording
Data:
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File
#555728
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Legal
Description: 20
acres of land, more and less, being all of the west or northwest one-half of
Farm Block 83 of the Welder and Odem Subdivision as shown by map or plat of said
subdivision recorded in Volume 2, Page 4 of the Map Records of San Patricio
County, Texas. Said 20 acres being more particularly described in a
Mineral Deed dated April 20, 1944 from Complete Oil Well Services Company, as
grantor, to Lee Townsend, et al, as grantee, recorded in Vol. 49, Page 568 of
the Oil and Gas Records of San Patricio County, Texas.
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Lease
Date:
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November
15, 2005
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Lessor:
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Laverne
Cockerham Fulcher
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Lessee:
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XOG
Operating, LLC
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Recording
Data:
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File
#555485
|
Legal
Description: 20
acres of land, more and less, being all of the west or northwest one-half of
Farm Block 83 of the Welder and Odem Subdivision as shown by map or plat of said
subdivision recorded in Volume 2, Page 4 of the Map Records of San Patricio
County, Texas. Said 20 acres being that tract of land described in an
Oil, Gas and Mineral Deed dated March 26, 1940 from G.C. Beauchamp to Louis H.
Cockerham, recorded in Vol. 38, Page 272 of the Oil and Gas Records of San
Patricio County, Texas.
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Lease
Date:
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October
5, 2005
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Lessor:
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Carole
Ann Bracamontes, Individually and as Independent Executor of the Estate of
Abe Mozes, deceased
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Lessee:
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XOG
Operating, LLC
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Recording
Data:
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File
#555727
|
Legal
Description: 20
acres of land, more and less, being all of the west or northwest one-half of
Farm Block 83 of the Welder and Odem Subdivision as shown by map or plat of said
subdivision recorded in Volume 2, Page 4 of the Map Records of San Patricio
County, Texas. Said 20 acres being a portion of that tract conveyed
in a Mineral Deed dated July 29, 1941, from George Estes, as grantor, to Abe
Mozes, as grantee, recorded in Vol. 42, Page 359 of the Oil and Gas Records of
San Patricio County, Texas.
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Lease
Date:
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June
20, 2007
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Lessor:
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The
Episcopal Church Corporation in West Texas for the benefit of St. Mark’s
Espicopal Church, Corpus Christi, Texas
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Lessee:
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XOG
Operating, LLC
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Recording
Data:
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File
#571187
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Legal
Description: 20
acres of land, more and less, being the northwest one-half of Farm Block 83 of
the Welder and Odem Subdivision of 4,309.88 acres according to the Map or Plat
Records recorded in Vol. 2, Page 4 of the Map Records of San Patricio County,
Texas.
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Lease
Date:
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August
12, 2008
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Lessor:
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Dorothy
Holder, fka Dorothy Phillips
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Lessee:
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XOG
Operating, LLC
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Recording
Data:
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File
#583181
|
Legal
Description: 20
acres of land, more and less, being all of the Northwest Half (NW/2) of Farm
Block 83 of the Welder and Odem Subdivision as shown by plat of said subdivision
recorded in Volume 2, Page 4 of the Map Records of San Patricio County,
Texas.
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Lease
Date:
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September
30, 2008
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Lessor:
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Wanda
Traugh
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|
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Lessee:
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XOG
Operating, LLC
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|
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Recording
Data:
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File
#585715
|
Legal
Description: 20
acres of land, more and less, being all of the Northwest Half (NW/2) of Farm
Block 83 of the Welder and Odem Subdivision as shown by plat of said subdivision
recorded in Volume 2, Page 4 of the Map Records of San Patricio County,
Texas.
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Lease
Date:
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December
20, 2006
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Lessor:
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Antonio
Perez (a/k/a Antonio W. Perez)
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Lessee:
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XOG
Operating, LLC
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Recording
Data:
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File
#564382
|
Legal
Description: 6.678
acres of land, more or less, being a part of the west one-half of Farm Lot
Eighty-three (83) of the Welder & Odem Subdvision, as shown on a plat
recorded in Volume 2, Page 4 of the Plat Records of San Patricio County, Texas;
and being that same tract of land described in a Warranty Deed dated March 17,
1995 from the First Commerce Bank, as grantor, to Antonio Perez, as grantee, and
recorded as File Number 430320 of the Official Records of San Patricio County,
Texas
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Lease
Date:
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December
20, 2006
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Lessor:
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Bill
F. Reeves and wife, Phyllis N. Reeves
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|
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Lessee:
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XOG
Operating, LLC
|
|
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Recording
Data:
|
|
File
#564818
|
Legal
Description: 6.678
acres of land, more or less, being a part of the west one-half of Farm Lot
Eighty-three (83) of the Welder & Odem Subdvision, as shown on a plat
recorded in Volume 2, Page 4 of the Plat Records of San Patricio County, Texas;
and being that same tract of land described in a Warranty Deed dated September
8, 2000 from Gary Neal Rayburn and wife, Kimberlie Kay Rayburn, as grantor, to
Bill F. Reeves and wife, Phyllis N. Reeves, as grantee, and recorded as File
Number 487988 of the Official Records of San Patricio County, Texas
Subject
to:
|
|
1)
|
Unit
Designation for Matula #1R Gas Unit recorded in File
#579677
|
|
|
2)
|
Unit
Designation for Matula #1R Oil Unit recorded in File
#579678
|
|
CAPPS FARMS #1
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98.00%
GWI
|
73.50%
NRI
|
Midland
County, Texas
LEASE NO
1:
Oil and
Gas Lease dated May 3, 1948, from R.L. Kane and his wife, Beulah Kane, as
Lessors, to Woodrow White and his wife, Elizabeth White, and James J. Kane and
his wife, Clela Kane, as Lessees, and found of record in Volume 111, Page 112,
Deed Records of Midland County, Texas.
LEASE NO
2:
Oil and
Gas Lease dated July 17, 1951, from Louis Egan and his wife, Margaret Egan, as
Lessors, to Tioga Petroleum Corporation, as Lessee, and found of record in
Volume 148, Page 501, Deed Records of Midland County, Texas, as amended in that
certain Amendment of Oil and Gas Lease recorded in Volume 154, Page 331, Deed
Records of Midland County, Texas;
Insofar
and only insofar, as the above described Lease No. 1 and Lease No. 2 cover the
following described land in Midland County, Texas, to wit:
The SE/4
of Section 44, Block 40, T-2-S, H.G. Purcell Survey, as to depths below the
unitized formation of the Parks Field Unit, said unitized formation described in
that certain Royalty Owners Agreement dated effective as of August 1, 1954, by
and between Operators and Royalty Owners of leases in the Parks Field, and
recorded in Volume 212, Page 470, Deed Records of Midland County, Texas, as
limited to the Pennsylvanian Bend unitized formation found in the Magnolia
Petroleum Company J.F. Haley No. 1 Well in Section 7, S.F. 4169, Matt Daugherty
Survey, Abstract No. 1448, Midland County, Texas, between 10,420 feet and 10,492
feet in depth measured by a Schlumberger electrical log.
LEASE NO.
3
Oil, Gas
and Mineral Lease dated November 15, 2003, from Chaparral Limited Partnership,
as Lessor, to Geronimo Holding Corporation, as Lessee, and found of record in
Doc 1548, Volume 2300, Page 437, Records of Midland County, Texas, covering the
following described lands:
A 165.10 acre tract described as the
North-Half of the East-Half (N/2 E/2) of Section
44, Block 40, T-2-S, H.G. Purcell Pre-emption Survey, Midland County,
Texas,
limited in depth as to the Devonian formation only.
|
STATE WE L LEASE
|
49.83322%
GWI
|
37.374915%
NRI
|
Lea
County, New Mexico
Oil and
Gas leases:
|
LESSOR:
|
State
of New Mexico
|
|
LESSEE:
|
R.R.
Herrell
|
|
LEASE
NO:
|
E-1640
|
|
LEASE
DATE:
|
12/10/47
|
|
DESCRIPTION:
|
W/2
of Section 10, T21S, R35E, Lea County, New Mexico, limited in depth as to
the Morrow formation.
|
|
DAVIES ESTATE NO. 2
|
100%
GWI
|
73.0%
NRI
|
Upton
County, Texas
Oil and
Gas lease dated March 16, 1954, recorded in Volume 207, page 92, Oil and Gas
Records of Upton county, from Henry Curtis Davies, et al, as Lessors, to the
Texas Company, as Lessee, insofar as said Oil and Gas Lease covers the following
described land situated in Upton County, Texas:
N/2 NW/4
of Section 16, Block 41, T-5-S, T&P Ry. Co. Survey, below the depth of
10,590 feet. It is the intent of Assignor to assign THE DAVIES ESTATE NO. 2 WELL WHICH IS
CURRENTLY PRODUCING BELOW 10,590’.
GROUP 2
PROPERTIES
|
REVELEY GAS UNIT
|
24.875%
GWI
|
18.65625%
NRI
|
Logan
County, Arkansas
The
interests set forth below in the following-described leases covering the
hereinafter described portions of Section 16, Township 6 North, Range 28 West,
Logan County, Arkansas:
|
Lease
|
Recorded
|
|||||
|
Lessor
|
Date
|
Vol/Page
|
Description
|
|||
|
Bryce
Leigh Williams Reveley
|
7/9/77
|
D-1/46
|
W/2
E/2, E/2 W/2
|
|||
|
C.D.
Turbiville
|
9/4/78
|
F-1/471
|
W/2
W/2 less a 4.4 acre tract
|
|||
|
Edna
E. Luhman
|
9/5/80
|
M-1/276
|
Part
of the E/2 NE/4
|
|||
|
Paul
Cotner
|
5/12/69
|
W/387
|
SE/4
SE/4
|
|||
|
June
Cotner
|
5/12/69
|
W/385
|
SE/4
SE/4
|
|||
|
Gordon
A. Cotner
|
5/12/69
|
W/403
|
SE/4
SE/4
|
|||
|
Monroe
Cotner
|
5/12/69
|
W/405
|
SE/4
SE/4
|
|||
|
N.A.
Cotner
|
5/13/69
|
W/422
|
SE/4
SE/4
|
|||
|
Genevieve
M. Cotner
|
8/11/69
|
W/450
|
SE/4
SE/4
|
|||
|
Paula
Rae Mitzell
|
9/4/78
|
F-1/12
|
A
4.4 acre tract in the NW/4 NW/4
|
|||
|
James
K. Thornton
|
4/19/79
|
F-1/283
|
Part
of the E/2 NE/4
|
|||
|
John
J. Satterfield
|
4/20/79
|
F-1/338
|
Part
of the NE/4
SE/4
|
|
U.S.
Tuggle
|
11/27/79
|
G-1/434
|
W/2
W/2
|
|||
|
Wanda
A. Train
|
11/10/79
|
G-1/425
|
W/2
W/2
|
|||
|
Ada
Inex Taylor
|
11/27/79
|
G-1/432
|
W/2
W/2
|
|||
|
Madge
Harp
|
11/10/79
|
G-1/448
|
W/2
W/2
|
|||
|
Luther
C. Burt
|
11/01/79
|
G-1/427
|
W/2
W/2
|
|||
|
Anna
B. Coppinger
|
11/27/79
|
I-1/123
|
W/2
W/2
|
INSOFAR
AND ONLY INSOFAR AS THE ABOVE LEASES COVER THE REVELEY GAS UNIT WELL #1,
#2, #3, #4, #5, #6, #7, #8, #9, #10, #11. #12 AND #13.
|
FEDERAL 1X-5T
|
100%
GWI
|
75%
NRI
|
Logan
County, Arkansas
Section
5, Township 6 North, Range 26 West, Logan County, Arkansas insofar and only
insofar
to the 10 acres in the form of a square surrounding the Federal 1X-5T Well
only.
|
TCG
|
5%
GWI
|
3.75%
NRI
|
Glasscock
County, Texas
INSOFAR
AND ONLY INSOFAR AS THE BELOW LEASES COVER THE N/2 OF SECTION 34, BLOCK 33,
T-2-S, T&P RY. CO SURVEY, GLASSCOCK COUNTY, TEXAS
|
|
1.
|
Oil,
Gas and Mineral Lease dated May, 2008, between Jesse Louis Overton, as
Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 594,
Public Records of Glasscock County,
Texas.
|
|
|
2.
|
Oil,
Gas and Mineral Lease dated May, 2008, between Grace Lanell Evans, as
Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 597,
Public Records of Glasscock County,
Texas.
|
|
|
3.
|
Oil,
Gas and Mineral Lease dated May, 2008, between Lorita Joyce Robinson, aka
Lorita Overton Robinson, as Lessor, and K. Bryan Reeves as Lessee,
recorded in Volume 117, Page 600, Public Records of Glasscock County,
Texas.
|
|
|
4.
|
Oil,
Gas and Mineral Lease dated May, 2008, between Christine Chambers Brown,
as Lessor, and Lyle D. Cannon as Lessee, recorded in Volume 117, Page 603,
Public Records of Glasscock County,
Texas.
|
|
|
5.
|
Oil,
Gas and Mineral Lease dated May, 2008, between Lois Chambers Dilatush, as
Lessor, and Lyle D. Cannon as Lessee, recorded in Volume 117, Page 606,
Public Records of Glasscock County,
Texas.
|
|
|
6.
|
Oil,
Gas and Mineral Lease dated May, 2008, between Marian Ruth Sabia, as
Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 609,
Public Records of Glasscock County,
Texas.
|
|
|
7.
|
Oil,
Gas and Mineral Lease dated May, 2008, between David Paul Coffee, as
Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 612,
Public Records of Glasscock County,
Texas.
|
|
|
8.
|
Oil,
Gas and Mineral Lease dated May, 2008, between Lee Merritt, as Lessor, and
Lyle D. Cannon as Lessee, recorded in Volume 117, Page 615, Public Records
of Glasscock County, Texas.
|
|
|
9.
|
Oil,
Gas and Mineral Lease dated May, 2008, between Billye McLaughlin, as
Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 618,
Public Records of Glasscock County,
Texas.
|
|
|
10.
|
Oil,
Gas and Mineral Lease dated May, 2008, between Sheryl Cox, as Lessor, and
K. Bryan Reeves as Lessee, recorded in Volume 117, Page 621, Public
Records of Glasscock County, Texas.
|
|
|
11.
|
Oil,
Gas and Mineral Lease dated May, 2008, between Scott McLaughlin, as
Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 624,
Public Records of Glasscock County,
Texas.
|
|
|
12.
|
Oil,
Gas and Mineral Lease dated May, 2008, between Kae McLaughlin, as Lessor,
and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 627, Public
Records of Glasscock County, Texas.
|
|
|
13.
|
Oil,
Gas and Mineral Lease dated May, 2008, between Marianne Weiderman, as
Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 630,
Public Records of Glasscock County,
Texas.
|
|
|
14.
|
Oil,
Gas and Mineral Lease dated June, 2008, between White Star Energy, Inc.,
as Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page
633, Public Records of Glasscock County,
Texas.
|
|
|
15.
|
Oil,
Gas and Mineral Lease dated May, 2008, between Bob M. Fannin, as Lessor,
and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 636, Public
Records of Glasscock County, Texas.
|
|
|
16.
|
Oil,
Gas and Mineral Lease dated May, 2008, between Barbara A. Fannin, as
Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 639,
Public Records of Glasscock County,
Texas.
|
|
|
17.
|
Oil,
Gas and Mineral Lease dated May, 2008, between Jennie Beth Fannin, as
Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 647,
Public Records of Glasscock County,
Texas.
|
|
|
18.
|
Oil,
Gas and Mineral Lease dated May, 2008, between Robert Alan Fannin,
Individually and as co-trustee under the Will of Ollie May Fannin, as
Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 650,
Public Records of Glasscock County,
Texas.
|
|
|
19.
|
Oil,
Gas and Mineral Lease dated June, 2008, between Suzann Lupton, as Lessor,
and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 654, Public
Records of Glasscock County, Texas.
|
|
|
20.
|
Oil,
Gas and Mineral Lease dated May, 2008, between Nancy Gayle Love Lobb, as
Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 657,
Public Records of Glasscock County,
Texas.
|
|
|
21.
|
Oil,
Gas and Mineral Lease dated April, 2008, between Richard Oliver McMurray,
as Lessor, and Lyle D. Cannon as Lessee, recorded in Volume 117, Page 660,
Public Records of Glasscock County,
Texas.
|
|
|
22.
|
Oil,
Gas and Mineral Lease dated April, 2008, between Michael B. Cole, as
Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 663,
Public Records of Glasscock County,
Texas.
|
|
|
23.
|
Oil,
Gas and Mineral Lease dated May, 2008, between Cleo Kaufmann, as Lessor,
and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 666, Public
Records of Glasscock County,
Texas.
|
|
|
24.
|
Oil,
Gas and Mineral Lease dated May, 2008, between Kathleen Grimes, as Lessor,
and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 669, Public
Records of Glasscock County, Texas.
|
|
|
25.
|
Oil,
Gas and Mineral Lease dated May, 2008, C.E. Thomas, III, as Lessor, and K.
Bryan Reeves as Lessee, recorded in Volume 117, Page 672, Public Records
of Glasscock County, Texas.
|
|
|
26.
|
Oil,
Gas and Mineral Lease dated June, 2008, Ruth Salisbury, as Lessor, and K.
Bryan Reeves as Lessee, recorded in Volume 117, Page 675, Public Records
of Glasscock County, Texas.
|
|
|
27.
|
Oil,
Gas and Mineral Lease dated May, 2008, Bill B. Fannin, Jr., individually
and as co-trustee under the Will of Ollie May Fannin, as Lessor, and K.
Bryan Reeves as Lessee, recorded in Volume ___, Page ___, Public Records
of Glasscock County, Texas.
|
|
|
28.
|
Oil,
Gas and Mineral Lease dated June, 2008, Ruby Lee Thomas, as Lessor, and K.
Bryan Reeves as Lessee, recorded in Volume ___, Page ___, Public Records
of Glasscock County, Texas.
|
|
|
29.
|
Oil,
Gas and Mineral Lease dated June, 2008, Pecos Bend Royalties, LP., as
Lessor, and K. Bryan Reeves as Lessee, recorded in Volume ___, Page ___,
Public Records of Glasscock County,
Texas.
|
|
|
30.
|
Oil,
Gas and Mineral Lease dated June, 2008, George T. Thomas, Jr., as Lessor,
and K. Bryan Reeves as Lessee, recorded in Volume ___, Page ___, Public
Records of Glasscock County, Texas.
|
|
|
31.
|
Oil,
Gas and Mineral Lease dated May, 2008, Melissa Chapman, Guardian of the
Estate of Thomas J. Coffee, NCM, as Lessor, and K. Bryan Reeves as Lessee,
recorded in Volume ___, Page ___, Public Records of Glasscock County,
Texas.
|
|
|
32.
|
Oil,
Gas and Mineral Lease dated June, 2008, Bob Phipps et ux Nayna P. Phipps,
as Lessor, and K. Bryan Reeves as Lessee, recorded in Volume ___, Page
___, Public Records of Glasscock County,
Texas.
|
|
|
33.
|
Oil,
Gas and Mineral Lease dated June, 2008, Primative Petroleum, Inc., as
Lessor, and K. Bryan Reeves as Lessee, recorded in Volume ___, Page ___,
Public Records of Glasscock County,
Texas.
|
|
|
34.
|
Oil,
Gas and Mineral Lease dated June, 2008, Mary Catherine Holley, as Lessor,
and K. Bryan Reeves as Lessee, recorded in Volume ___, Page ___, Public
Records of Glasscock County, Texas.
|
|
|
35.
|
Oil,
Gas and Mineral Lease dated June, 2008, Donnie Jane Byrne, as Lessor, and
K. Bryan Reeves as Lessee, recorded in Volume ___, Page ___, Public
Records of Glasscock County, Texas.
|
|
|
36.
|
Oil,
Gas and Mineral Lease dated June, 2008, Wildwood Royalties, Inc., as
Lessor, and K. Bryan Reeves as Lessee, recorded in Volume ___, Page ___,
Public Records of Glasscock County,
Texas.
|
|
|
37.
|
Oil,
Gas and Mineral Lease dated June, 2008, Reba Jean Bailey, as Lessor, and
K. Bryan Reeves as Lessee, recorded in Volume ___, Page ___, Public
Records of Glasscock County, Texas.
|
|
BELL C #1
|
15.058590%
GWI
|
11.286232%
NRI
|
|
BELL C #3
|
15.319010%
GWI
|
11.472337%
NRI
|
|
BELL C #4
|
15.188802%
GWI
|
11.391602%
NRI
|
Andrews
County, Texas
Description: E/2
of Section 14, Block A-34, PSL Survey, Andrews County, Texas
|
JOHN LANE #1 & #2
|
100%
GWI
|
75%
NRI
|
Upton
County, Texas
|
Lessor:
|
John
F. Lane and Allie Lane, his wife
|
|
Lessee:
|
The
Texas Company
|
|
Lease
Date:
|
12/30/24
|
|
Recording
Data:
|
Book
18, Page 259, Upton County, Texas
|
Description: Insofar
and only insofar as lease covers 40 acres in the form of a square surrounding
the John Lane #1 and the NW/4 of NW/4 of Section 32, Block 1,
MK&T
Ry. Co. Survey, limited to interval between 2,470 feet to base of
the
Upper
Ellenburger formation defined as a depth approximately 10,000 feet
below
the
surface, as indicated by a Compensated Neutron Litho Density Log of
the
Sun
Exploration and Production J.L. Lane #1 Well located 2450 feet FNL
and
1600 feet FWL of Section 32, Block 1,
MK & T Ry. Co. Survey, Upton
County, Texas.
AND FURTHER FOR CLARIFICATION THE
INTENT OF ASSIGNOR
IS TO SAVE AND EXCEPT ANY AND ALL
RIGHTS OBTAINED IN
THAT
CERTAIN ASSIGNMENT DATED OCTOBER 3, 2008 FROM VANGUARD PERMIAN, LLC TO GERONIMO
HOLDING
CORPORATION
RECORDED AS DOCUMENT NUMBER 00144863, IN VOLUME 807, PAGE 462 OF THE OFFICIAL
PUBLIC RECORDS IN UPTON COUNTY, TEXAS.
|
BADGER 30 STATE LEASE
|
18.692210%
GWI
|
14.019163%
NRI
|
Lea
County, New Mexico
Section
30, Township 20 South, Range 36 East, Lea County, New Mexico
Oil and
Gas leases:
|
LESSOR:
|
State
of New Mexico
|
|
LESSEE:
|
Union
Oil Company of California
|
|
LEASE
NO:
|
E-1782
|
|
LEASE
DATE:
|
3/10/48
|
|
DESCRIPTION:
|
Section
30, T20S, R36E, Lea County, New Mexico, limited in depth as to the Morrow
formation.
|
|
UNIVERSITY Y & Z
|
25%
GWI
|
18.75%
NRI
|
Crane
County, Texas
Dated: July
12, 1960
|
Recorded:
|
Book
143, Page 405, Deed Records of Crane County, Texas
|
|
Lessor:
|
The
State of Texas
|
|
Lessee:
|
Texas
Gulf Producing Company
|
|
Lands
covered:
|
NE/4
of Section 11, Block 31, University Land Survey, Crane County,
Texas
|
|
Dated:
|
July
12, 1960
|
|
Recorded:
|
Book
143, Page 409, Deed Records of Crane County, Texas
|
|
Lessor:
|
The
State of Texas
|
|
Lessee:
|
Texas
Gulf Producing Company
|
|
Lands
covered:
|
SE/4
of Section 11, Block 31 University Lands Survey, Crane County,
Texas
|
|
GRANGER #1
|
28.33334%
GWI
|
21.391666
NRI
|
Gaines
County, Texas
Oil
& Gas Lease
|
Lessor:
|
The
Granger Family Limited Partnership, et al
|
|
Lessee:
|
John
M. Clark, Inc.
|
|
Recorded:
|
#2005-1675
Official Public Records, Gaines County, Texas
|
|
Description
|
That
certain 40 acre unit around the John M. Clark, Inc. Granger #1 being in
the N/2 NW/4 of Section 64, Block G, W.T.R.R. Co. Survey, Gaines County,
Texas
|
|
JORDAN B #1
|
70.117193%
GWI
|
52.587895%
NRI
|
Lea
County, New Mexico
All
recording data refers to the Official Records of Lea County, New Mexico, as
noted).
Lease
No. 01-NM-5150-A
|
Lessor:
|
Maggie
J. Tidwell, et vir
|
|
Lessee:
|
TXO
Production Corp.
|
|
Instrument
Dated:
|
1-23-84
|
|
Recording
Data:
|
Book
369, Page 104
|
|
Lands
Subject to Conveyance:
|
SE/4
Sec. 11, T20S, R35E
|
|
Lease
No.
|
01-NM-5150-B
|
|
Lessor:
|
Bertha
J. Spoonemore, et vir
|
|
Lessee:
|
TXO
Production Corp.
|
|
Instrument
Dated:
|
1-23-84
|
|
Recording
Data:
|
Book
368, Page 666
|
|
Lands
Subject to Conveyance:
|
SE/4
Sec. 11, T20S, R35E
|
Lease
No. 01-NM-5150-C
|
Lessor:
|
Alice
Jordan
|
|
Lessee:
|
TXO
Production Corp.
|
|
Instrument
Dated:
|
1-23-84
|
|
Recording
Data:
|
Book
368, Page 663
|
|
Lands
Subject to Conveyance:
|
SE/4
Sec. 11, T20S, R35E
|
|
Lease
No.
|
01-NM-5150-D
|
|
Lessor:
|
Nellie
J. Caldwell
|
|
Lessee:
|
TXO
Production Corp.
|
|
Instrument
Dated:
|
1-23-84
|
|
Recording
Data:
|
Book
368, Page 669
|
|
Lands
Subject to Conveyance:
|
SE/4
Sec. 11, T20S, R35E
|
|
Lease
No.
|
01-NM-5150-E
|
|
Lessor:
|
Mettie
Jordan F/B/O Alice Jordan
|
|
Lessee:
|
TXO
Production Corp.
|
|
Instrument
Dated:
|
1-23-84
|
|
Recording
Data:
|
Book
368, Page 672
|
|
Lands
Subject to Conveyance:
|
SE/4
Sec. 11, T20S, R35E
|
|
Lease
No.
|
01-NM-5150-F
|
|
Lessor:
|
Nellie
J. Jordan
|
|
Lessee:
|
TXO
Production Corp.
|
|
Instrument
Dated:
|
1-23-84
|
|
Recording
Data:
|
Book
368, Page 675
|
|
Lands
Subject to Conveyance:
|
SE/4
Sec. 11, T20S, R35E
|
|
Lease
No.
|
01-NM-5150-G
|
|
Lessor:
|
Louise
Hord
|
|
Lessee:
|
TXO
Production Corp.
|
|
Instrument
Dated:
|
1-23-84
|
|
Recording
Data:
|
Book
368, Page 678
|
|
Lands
Subject to Conveyance:
|
SE/4
Sec. 11, T20S, R35E
|
|
Lease
No.
|
01-NM-5150-H
|
|
Lessor:
|
Emmitt
Roy Jordan
|
|
Lessee:
|
TXO
Production Corp.
|
|
Instrument
Dated:
|
1-23-84
|
|
Recording
Data:
|
Book
368, Page 681
|
|
Lands
Subject to Conveyance:
|
SE/4
Sec. 11, T20S, R35E
|
|
Lease
No.
|
01-NM-5150-I
|
|
Lessor:
|
F.K.
Turner, et ux
|
|
Lessee:
|
TXO
Production Corp.
|
|
Instrument
Dated:
|
1-23-84
|
|
Recording
Data:
|
Book
368, Page 684
|
|
Lands
Subject to Conveyance:
|
SE/4
Sec. 11, T20S, R35E
|
|
Lease
No.
|
01-NM-5150-J
|
|
Lessor:
|
Lewis
R. Kerr, et ux
|
|
Lessee:
|
TXO
Production Corp.
|
|
Instrument
Dated:
|
1-23-84
|
|
Recording
Data:
|
Book
368, Page 687
|
|
Lands
Subject to Conveyance:
|
SE/4
Sec. 11, T20S, R35E
|
|
Lease
No.
|
01-NM-5150-K
|
|
Lessor:
|
Imogene
W. Flanagan
|
|
Lessee:
|
TXO
Production Corp.
|
|
Instrument
Dated:
|
1-23-84
|
|
Recording
Data:
|
Book
368, Page 690
|
|
Lands
Subject to Conveyance:
|
SE/4
Sec. 11, T20S, R35E
|
Lease
No. 01-NM-5150-L
|
Lessor:
|
S.
& S. Inc.
|
|
Lessee:
|
TXO
Production Corp.
|
|
Instrument
Dated:
|
1-23-84
|
|
Recording
Data:
|
Book
368, Page 693
|
|
Lands
Subject to Conveyance:
|
SE/4
Sec. 11, T20S, R35E
|
All of
the above leases are limited in depth as to the Wolfcamp formation
only.
|
MCGINTY LEASE
|
6.671875%
GWI
|
5.00387%
NRI
|
Yoakum
County, Texas
|
1.
|
Dated:
|
January
18, 1989
|
|
Recorded:
|
Volume
44, Page 209, Deed Records of Yoakum County,
Texas
|
|
|
Lessor:
|
Alma
Lynn Been McGinty, et al
|
|
|
Lessee:
|
Sam
L. Pfiester
|
|
|
Lands
covered:
|
NE/4
of Section 361, Block D
|
|
|
John
H. Gibson Survey, Yoakum County, Texas
|
||
|
2.
|
Dated:
|
September
11, 1989
|
|
Recorded:
|
Volume
54, Page 12, Deed Records of Yoakum County,
Texas
|
|
|
Lessor:
|
Fina
Oil & Chemical
|
|
|
Lessee:
|
Sam
L. Pfiester
|
|
|
Lands
covered:
|
NE/4
of Section 361, Block D
|
|
|
John
H. Gibson Survey, Yoakum County, Texas
|
||
|
3.
|
Dated:
|
May
9, 1989
|
|
Recorded:
|
Volume
50, Page 57, Deed Records of Yoakum County,
Texas
|
|
|
Lessor:
|
Mike
Field, et al
|
|
|
Lessee:
|
Hughes
Eastern Corporation
|
|
|
Lands
covered:
|
NE/4
of Section 361, Block D
|
|
|
John
H. Gibson Survey, Yoakum County, Texas
|
||
|
4.
|
Dated:
|
May
10, 1989
|
|
Recorded:
|
Volume
50, Page 61, Deed Records of Yoakum County,
Texas
|
|
|
Lessor:
|
Vernon
A. Townes, et ux
|
|
|
Lessee:
|
Hughes
Eastern Corporation
|
|
|
Lands
covered:
|
NE/4
of Section 361, Block D
|
|
|
John
H. Gibson Survey, Yoakum County, Texas
|
||
|
5.
|
Dated:
|
May
16, 1989
|
|
Recorded:
|
Volume
50, Page 48, Deed Records of Yoakum County,
Texas
|
|
|
Lessor:
|
Jerry
Corbin
|
|
|
Lessee:
|
Hughes
Eastern Corporation
|
|
|
Lands
covered:
|
NE/4
of Section 361, Block D
|
|
|
John
H. Gibson Survey, Yoakum County, Texas
|
||
|
6.
|
Dated:
|
May
16, 1989
|
|
Recorded:
|
Volume
50, Page 54, Deed Records of Yoakum County, Texas
|
|
|
Lessor:
|
Sue
Holder
|
|
|
Lessee:
|
Hughes
Eastern Corporation
|
|
|
Lands
covered:
|
NE/4
of Section 361, Block D
|
|
|
John
H. Gibson Survey, Yoakum County, Texas
|
||
|
7.
|
Dated:
|
May
16, 1989
|
|
Recorded:
|
Volume
50, Page 51, Deed Records of Yoakum County,
Texas
|
|
|
Lessor:
|
Ruth
Turner
|
|
|
Lessee:
|
Hughes
Eastern Corporation
|
|
|
Lands
covered:
|
NE/4
of Section 361, Block D
|
|
|
John
H. Gibson Survey, Yoakum County,
Texas
|
|
J.F. LANE “A” A/C 2
|
100%
GWI
|
75%
NRI
|
Upton
County, Texas
|
Lessor:
|
John
F. Lane and Allie Lane, his wife
|
|
Lessee:
|
W.B.
Powell
|
|
Lease
Date:
|
06/11/25
|
|
Recording
Data:
|
Book
17, Page 106
|
|
Description:
|
N/2
and SE/4 of Section 5, Abstract 213, G.C. & S.F. Ry. Co.
Survey,
|
|
Upton
County, Texas
|
|
KING RANCH OIL &
LIGNITE
|
100%
GWI
|
73.41640%
NRI (OIL)
|
|
Upton
County, Texas
|
72.68224%
NRI (GAS)
|
|
Lessor:
|
King
Ranch Oil & Lignite Company
|
|
Lessee:
|
Neville
G. Penrose
|
|
Lease
Date:
|
05/07/59
|
|
Recording
Data:
|
Volume
282, Page 393, Oil and Gas Records, Upton County, Texas
|
|
Description:
|
NW/4
of Section 26, Block 2, MK&T Ry. Co. Survey, Upton County,
Texas
|
|
J.H. SHIRK ESTATE
|
100%
GWI
|
78.6875%
NRI
|
Upton
County, Texas
The West Half of the Southwest Quarter
(W ½ SW ¼) of Section 23, Block 2, MK &
T Ry. Co. Survey, A-347, Upton County, Texas.
|
JERRY B CLAYTON “B” LEASE
|
100%
GWI
|
75%
NRI
|
Borden
County, Texas
|
Lease
Date:
|
October
5, 2000
|
|
|
Lessor:
|
Jerry
Fielding Clayton, a/k/a Jerry F. Clayton
|
|
|
Lessee:
|
R.
Capps Oil Corp.
|
|
|
Recording
Data:
|
Volume
276, Page 38
|
|
Description: Southwest
Quarter (SW/4) of Section 31, and the Northwest Quarter (NW/4) of Section 42 all
in Block 32, Township 4 North, T & P Railway Co. Survey, Borden County,
Texas
|
Lease
Date:
|
October
5, 2000
|
|
Lessor:
|
Ruben
Mardes Clayton, III, a/k/a R.M. Clayton, III
|
|
|
Lessee:
|
R.
Capps Oil Corp.
|
|
|
Recording
Data:
|
Volume
276, Page 346
|
|
Description: Southwest
Quarter (SW/4) of Section 31, and the Northwest Quarter (NW/4) of Section 42 all
in Block 32, Township 4 North, T & P Railway Co. Survey, Borden County,
Texas
|
Lease
Date:
|
October
5, 2000
|
|
Lessor:
|
Edna
Clayton Dewees, a/k/a Edna C. Dewees
|
|
Lessee:
|
R.
Capps Oil Corp.
|
|
Recording
Data:
|
Volume
276, Page 350
|
Description: Southwest
Quarter (SW/4) of Section 31, and the Northwest Quarter (NW/4) of Section 42 all
in Block 32, Township 4 North, T & P Railway Co. Survey, Borden County,
Texas
|
Lease
Date:
|
October
5, 2000
|
|
Lessor:
|
Anita
Ann Reeder
|
|
Lessee:
|
R.
Capps Oil Corp.
|
|
Recording
Data:
|
Volume
277, Page 50
|
Description: Southwest
Quarter (SW/4) of Section 31, and the Northwest Quarter (NW/4) of Section 42 all
in Block 32, Township 4 North, T & P Railway Co. Survey, Borden County,
Texas
|
BOOGER BEAR “A”
|
11.90625%
GWI
|
8.929688%
NRI
|
Scurry
County, Texas
Description: 40
acre tract of land in the SE/4 of Section 191, Block 97, H&TC Ry. Co.
Survey, Scurry County, Texas, including any and all of Assignor’s
rights in and to the Booger Bear A Lease and wells located
on said lease.
|
LUTHER
GRAY UNIT #1
|
5.9591%
GWI
|
4.3933%
NRI
|
Grady
County, Oklahoma
CONTRACTUAL
INTERESTS ACQUIRED BY VIRTUE OF JOINT OPERATING AGREEMENT DATED 02/03/53 BY AND
BETWEEN MERCURY DRILLING COMPANY, AS OPERATOR AND THE TEXAS COMPANY, ET AL, AS
NON-OPERATOR, AS AMENDED 3/29/55, 1/7/64, 4/3/73, 11/11/75, 1/8/80 AND
2/2/288
T-5-N
R-7-W
Sec.
24: S/2
Sec. 25:
N/2
Grady
County, Oklahoma
SUBJECT
TO:
1. AR-63541
JOINT OPERATING AGREEMENT DATED 07/01/80 BY AND BETWEEN TEXACO, INC. AS OPERATOR
AND COTTON PETROLEUM CORPORATION, ET AL, AS NON-OPERATOR, LIMITED TO THE ATOKA,
MORROW AND SPRINGER COMMON SOURCES OF SUPPLY.
End of
Exhibit