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Oil & GasAuction
December 7, 2017
Registration @ 10:00amOpening terms & conditions/comments @ 10:50am
Auction Begins @ 11:00amLunch Served @ 12:30pm
The Wichita Boathouse515 S. Wichita Street
Wichita, KS 67202
Selected lots in this auction are being sold subject to seller confirmation. If you have any questions regarding
this please call our office.
Auction Lot Information Guide
Selected lots in this auction are being sold subject to seller confirmation. If you have any questions regarding
this please call our office.
Auction Lot Information Guide
Selected lots in this auction are being sold subject to seller confirmation. If you have any questions regarding
this please call our office.
Auction Lot Information Guide
For latest lot information visit mceeauction.com
Bid Online at MCEEOnline.com
Lot Lease name Interest Type County, State Operator1 Butterfield 1&2 ORRI Gove, KS Palomino Petroleum2 Cobra Rock #1 ORRI Gove, KS Palomino Petroleum3 Max #1 ORRI Ness, KS Whitetail Crude, inc.4 Multiple Lease Lot PWI Various McCoy Petroleum Corp.5 Jeromy 3204 1-26H Royalty Interest Sumner, KS Sandridge6 Lang Operated Lease Ellis, KS Meridian Energy, Inc7 Yohn A ORRI Kiowa, KS McCoy Petroleum Corp.8 Ross 1, 2, & 3 Royalty Grant, KS Merit Energy9 Jennings 1,2&3 & Lehman 4 Royalty Grant, KS Linn Energy10 Arrow C96 Engine Equipment11 Matthews ORRI Rice, KS Vamco Operations12 Matthews ORRI Rice, KS Vamco Operations13 Bartos B ORRI Rooks, KS Bowman Oil Company14 Multiple Lease Lot ORRI Trego, KS Multiple15 Sipes ORRI Stafford, KS Trans Pacific Oil Corp.16 Timmerkkamp ORRI Sedgwick, KS Cortam, Inc17 Woodson County Package Operated Lease Woodson, KS Owens Petroleum, LLC18 Barbara Young PWI Greeley, KS Red Oak Energy, Inc.19 Mader PWI Graham, KS Red Oak Energy, Inc.20 Mowry Trust PWI Graham, KS Red Oak Energy, Inc.21 Headquarter PWI Kiowa, KS Red Oak Energy, Inc.22 Cobra Rock PWI Gove, KS Palomino Petroleum23 Fishgrab PWI Barber, KS Siroky Oil Management24 Brown 9-1 PWI Graham, KS Red Oak Energy, Inc.25 Siroky #3 PWI Pratt, KS Siroky Oil Management
Table of Contents for December 7, 2017 Auction
Lot Lease name Interest Type County, State Operator26 Doc #1 & #2 PWI Trego, KS Palomino Petroleum27 Nichol PWI Trego, KS Palomino Petroleum28 Harold Michaelis Family Trust PWI Logan, KS Palomino Petroleum29 Butterfield #1 & #2 PWI Gove, KS Palomino Petroleum30 Lot Removed31 Seibenlist ORRI Ness, KS Red Oak Energy, Inc.32 Braun #1 & #2 ORRI Ellis, KS Elk Energy Holdings LLC33 Multiple Lease Lot PWI Ness, KS Vess Oil34 Multiple Lease Lot PWI Harper, KS Trek AEC, LLC35 Bernbeck A ORRI Ness, KS DaMar Resources, Inc.36 Betz C ORRI Ness, KS Vess Oil Corporation37 Boger F-1 (Oil and Gas) ORRI Ford, KS American Warrior, Inc.38 Crowell ORRI Ness, KS Trans Pacific Oil Corp.39 Crowell-Miner ORRI Ness, KS Trans Pacific Oil Corp.40 Luann 2925 2-36H PWI Ford, KS Sandridge Exploration & Production, LLC
41 Williams Wayne 1 PWI Pratt, KS McGinness Oil42 Shore 1-33 PWI Stanton, KS Kerr-McGee43 Lot Removed44 Multiple Lease Lot PWI Various Berexco45 Lewis-Wildgen A ORRI Ness, KS Pickrell Drilling Company, Inc.46 McClean ORRI Ness, KS Jo-Allyn Oil Corp.47 Richard Norton ORRI Gove, KS Trans Pacific Oil Corp.48 Oliphant ORRI Hodgeman, KS Vess Oil Corporation49 Sutton ORRI Ness, KS Jo-Allyn Oil Corp.50 Weatherford Pumpjack Equipment51 Debes R ORRI Ness, KS Trans Pacific Oil Corp.52 Multiple Lease Lot ORRI Ness, KS Trans Pacific Oil Corp.53 Miner-Buena Vista ORRI Ness, KS Trans Pacific Oil Corp.54 Buena Vista ORRI Ness, KS Trans Pacific Oil Corp.55 C. Shauers ORRI Ness, KS DaMar Resources, Inc.56 Dixon Trust ORRI Ness, KS Palomino Petroleum, Inc.57 Fanshier-Otte ORRI Ness, KS Pintail Petroleum
Table of Contents for December 7, 2017 Auction
Table of Contents for December 7, 2017 Auction
Lot Lease name Interest Type County, State Operator58 Fritz Trust ORRI Ness, KS H & B Petroleum Corp.59 Grimes North ORRI Stafford, KS DaMar Resources, Inc60 Hiss-Adams ORRI Barton, KS Trans Pacific Oil Corp.61 Holy Family ORRI Stafford, KS Trans Pacific Oil Corp.62 Landis ORRI Rooks, KS Trans Pacific Oil Corp.63 McClellan Trust ORRI Rooks, KS Free State Petroleum, LLC64 McCoy ORRI Ness, KS Trans Pacific Oil Corp.65 Miller ORRI Rooks, KS Trans Pacific Oil Corp.66 ND/DD ORRI Ness, KS Palomino Petroleum, Inc.67 Parkerson Trust A ORRI Ness, KS Pickrell Drilling Company, Inc68 Pavlu-Davidson ORRI Ness, KS Trans Pacific Oil Corp.69 Penka ORRI Barton, KS Trans Pacific Oil Corp.70 Leon County Texas Minerals Nonproducing
MineralsLeon, TX
71 Munz ORRI Stafford, KS Castle Resources, Inc.72 Noll Unit ORRI Ness, KS DaMar Resources, Inc.73 Quiring B ORRI Harvey, KS Trans Pacific Oil Corp.74 Russell B ORRI Marion, KS GLM Company75 St. Joseph Church ORRI Graham, KS Trans Pacific Oil Corp.76 Walker ORRI Ness, KS Trans Pacific Oil Corp.77 Webster ORRI Ness, KS Jo-Allyn Oil Corp.78 Westermeyer-Bales ORRI Ness, KS Trans Pacific Oil Corp.79 Wonder-Mud ORRI Ness, KS Mike Kelso Oil80 STSI Unit #1-30 ORRI Scott, KS Red Oak Energy, Inc.81 Olson B ORRI Ness, KS Veenker Resources, inc.82 Reed ORRI Ness, KS Veenker Resources, Inc.83 Sidebottom ORRI Ness, KS Veenker Resources, Inc.84 Springer B ORRI Barber, KS Griffin Management85 Sneed Mr ORRI Moore, TX Adams Affiliates86 Lynch South ORRI Moore, TX WBD Oil & Gas87 Witherbee #1, #2, #3, #4 ORRI Moore, TX Ponderosa Texas Operating88 Masterson Red Cave Unit ORRI Moore, TX Adams Affiliates
Table of Contents for December 7, 2017 Auction
Lot Lease name Interest Type County, State Operator89 Robbie Jo 1, 4, 5, 6, 7 ORRI Moore, TX Mac 5 Operating, LLC90 Thompson 1/41/61 ORRI Moore, TX Adams Affiliates91 Baker 39 ORRI Moore, TX H&M Resources, LLC92 Multiple Lease Lot ORRI Various Various93 Multiple Lease Lot PWI Edwards, KS Petroleum Property94 Z-Bar Ranch Minerals Mineral Acres Barber, KS95 Multiple Lease Lot Operated Lease Wilson, KS P&R Oilfield Services96 Combined with Lot 9597 CO2 Project PWI Russell, KS Murfin Drilling Company98 Slagle #1-31 PWI Ness, KS MV Purchasing99 CO2 Project PWI Russell, KS MV Purchasing100 Lang ORRI Ellis, KS Meridian Energy, Inc.101 Schumacher ORRI Ellis, KS Cla-Mar Oil Company102 Habiger 18-1 ORRI Rice, KS StrataKan Exploration, LLC103 Habiger Carter Unit 18-1 ORRI Rice, KS StrataKan Exploration, LLC104 Moore ORRI Logan, KS Richland Oil Investments, LLC105 Bob Smith Barnett Package RI Denton, TX Trinity River Energy, LLC106 Lot Removed107 Thomas Wilcox Sand Package RI Kay, OK Territory Resrouces, LLC108 Arrow C-66 Engine Equipment109 Cottonwood PWI Hodgeman, KS Pickrell Drilling Company, LLC110 Lot Removed111 Multiple Lease Lot PWI Ector, TX ICA Energy112 Multiple Lease Lot PWI Meade, KS Oolite Energy Corp.113 Multiple Lease Lot PWI Jefferson, OK Trio Consulting & Management114 SLAGE #2-31 PWI Ness, KS Vess Oil corporation115 Shelton Davis Sand Package RI Grayson, TX Bend Petroleum Corp.116 Multiple Lease Lot PWI Various Various
Lot #1
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lease Name Type Operator Legal Description
Butterfield 1 & 2 ORRI Palomino Petroleum NE/4 S11-T14s-R26w
County & State Decimal Interest Operating Expenses Income
Gove, KS .0027777 None $2,352.23 (7 months)
Seller Comments $336.03 per mo.
Butterfield #1 & #2 sell together. These wells average over 100+ bopd, and have several pay zones behind pipe (confirmed with DST) Additional drilling locations confirmed w/3D.Partial Working Interest also being sold as Lot #29.
Lot #2 Lease Name Type Operator Legal Description
Cobra Rock #1 ORRI Palomino Petroleum NW/4 S12-T14s-R26w
County & State Decimal Interest Operating Expenses Income
Gove, KS .005375 None $955.83 (4 months)
Seller Comments $238.96 per mo.
Cobra Rock #1 averages between 20 & 30 bopd, and has several zones behind pipe (confirmed with DST) There are also additional drilling locations confirmed with 3D.
Lot #3 Lease Name Type Operator Legal Description
Max #1 ORRI Whitetail Crude, inc. NW/4 S31-T17s-R24w
County & State Decimal Interest Operating Expenses Income
Ness, KS .0030556 None $480.72 (5 months)
Seller Comments $96.14 per mo. Well averages between 17 and 25 BOPD.
Lot #4 Lease Name Type Operator Legal Description
Massier ‘A’ #1-8 PWI McCoy Petroleum Corp Sec. 8-T12S-R19W NW/4
County & State GWI NRI Operating Expenses Income
Ellis, KS 0.0073125 0.0060328 $121.13 (12mo) $218.52 (12mo)
Seller Comments
Lease Name Type Operator Legal Description
KST ‘A’ #1-3 PWI McCoy Petroleum Corp Sec. 3-T7S-R19W NW/4
County & State GWI NRI Operating Expenses Income
Rooks, KS 0.01354 0.01110152 $368.84 (12mo) $303.72 (12mo)
Seller Comments Repaired lead line & pump flow line. Replace polish rod liner & seat pump, repair pump. 2/2017
Lease Name Type Operator Legal Description
Farr Trust ‘B’ #1-14 PWI McCoy Petroleum Corp Sec. 14-T7S-R19W NE/4
County & State GWI NRI Operating Expenses Income
Rooks, KS 0.01099547 0.00907126 $477.19 (12mo) $363.60 (12mo)
Seller Comments Replace PU(Lufkin C114D), install C-96 gas engine. Replace pilot bearing, clutch & sheave. 6/2017
Lease Name Type Operator Legal Description
Sullivan Trust ‘A’ #1-17
PWI McCoy Petroleum Corp Sec. 17-T12S-R18W SW/4
County & State GWI NRI Operating Expenses Income
Ellis, KS 0.005 0.004125 $247.65 (12mo) $609.60 (12mo)
Seller Comments
ATTENTION: This is a multiple lease lot.All leases will sell together.
Lease Name Type Operator Legal Description
Madden ‘A’ #1, 2 & 4 SWD
PWI McCoy Petroleum Corp Sec. 21-T12S-R18W SE/4
County & State GWI NRI Operating Expenses Income
Ellis, KS 0.005 0.004125 $931.46 (12mo) $575.16 (12mo)
Seller Comments Washed down old well on lease for saltwater disposal 7/2017
Lease Name Type Operator Legal Description
Joy ‘A’ #1-28 PWI McCoy Petroleum Corp Sec. 28-T12S-R18W NE/4
County & State GWI NRI Operating Expenses Income
Ellis, KS 0.005 0.004125 $278.90 (12mo) $549.84 (12mo)
Seller Comments
Lease Name Type Operator Legal Description
Bellerive ‘A’ #1 & 2-3
PWI McCoy Petroleum Corp Sec. 3-T7S-R19W SW/4
County & State GWI NRI Operating Expenses Income
Rooks, KS 0.01 0.0082 $329.31 (12mo) $729.60 (12mo)
Seller Comments
Lease Name Type Operator Legal Description
Seib ‘A’ #1-9 PWI McCoy Petroleum Corp Sec. 9-12S-18W SE/4
County & State GWI NRI Operating Expenses Income
Ellis, KS 0.0052924 0.00436623 $78.41 (12mo) $189.72 (12mo)
Seller Comments $15.81 per mo.
Lot Total Income: $294.98 (monthly net average for eight leases)
Lot #5 Lease Name Type Operator Legal Description
Jeromy 3204 1-26H Royalty Interest
Sandridge S2NW S26-T32s-R4w
County & State Decimal Interest Operating Expenses Income
Sumner, KS .0117187 NONE $21,641 (24mo)
Seller Comments $901 per mo. 9/20/17 check - $1,045.768/20/17 check - $785.737/20/17 check - $1019.16
Seller has an identical interest they may sell. Data package available online.
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #6 Lease Name Type Operator Legal Description
Lang Operated Lease
Meridian Energy, Inc. W/2 NE/4; N/2 SE/4 Sec 20-T13S-R20W
County & State GWI NRI Crude Purchaser
Ellis, KS 1.000 .835 Plains Marketing
Seller Comments
Arbuckle Well - Completion Date 10/9/2009Gross BOPD .83 Cumulative Oil Production 5,916
Also includes:Pump 2 X 1 1/2” x 12 RWT114 American Pumping UnitVariable speed drive12’ x 10’ fiberglass tank10’ x 15’ gunbarrel
The Water is trucked.The Motor is electric.
KGS Production Data2010 1,596 2011 802 2012 653 2013 648 2014 655 2015 505 2016 649 2017 163 Updated through 4-2017.
Lot #7 Lease Name Type Operator Legal Description
Yohn A ORRI McCoy Petroleum Corp Sec. 26 T30S R19W
County & State Decimal Interest Operating Expenses Income
Kiowa, KS 0.00200000 NONE $1200.00 (12mo)
Seller Comments $100 per mo. Expenses and Income for 12 month periodThe operator has expressed that they may drill another well as oil prices rise
Lot #8 Lease Name Type Operator Legal Description
Ross 1,2,&3 Royalty Merit Energy Sec. 30 T28S R36W
County & State Acres Decimal Interest Operating Expenses Income
Grant, KS 40 net 0.00781250 NONE $660.25 NETfor 2016
Seller Comments $55.02 per mo. Production2012 - 61,054 mcf2013 - 55,912 mcf2014 - 46,738 mcf2015 - 41,223 mcf2016 - 42,086 mcf2017 - 18,370 mcf through 6/17
Lot #9 Lease Name Type Operator Legal Description
Jennings 1,2&3 & Lehman 4
Royalty Linn Energy Sec. 17 T29S R38W andSec. 18 T29S R38W
County & State Acres Decimal Interest Operating Expenses Income
Grant, KS Sec 17 -15 Net Acres Sec 18 - 3.75 Net Acres
0.002929 NONE $542.14 NETfor 2016
Seller Comments $45.18 per mo. Production Jennings 1,2,&3 2012 - 56,772 mcf2013 - 52,547 mcf2014 - 47,229 mcf2015 - 45,443 mcf2016 - 44,406 mcf2017 - 21,190 mcf through 6/17
Lehming 2014 - 75,1542015 - 48,0162016 - 40,0792017 - 18,222 through 6/17
Lot #10 Lease Name Type Operator County & State
Arrow C96 Engine Equipment
Seller Comments
Pictures available online.The engine was disassembled to crankshaft and reassembled with new rod bearings, new piston rings, changed cylinder sleeve, rebuilt head, rebuilt 210 carburetor, new start fire ignition, rebuilt fan & new fan belt, rebuilt clutch.
Lot #11 Lease Name Type Operator Legal Description
Matthews ORRI Vamco Operations Sec. 4 T20S R07W North 60 Acres of SW/4
County & State Acres Decimal Interest Operating Expenses Income
Rice, KS 60 0.0273437 NONE $24/mo (avg)
Seller Comments Production (bbl)2012 - 3312013 - 3172014 - 3162015 - 1622016 - 3272017 - 226 through 8-2017An identical interest in this lease follows. It is available to the high bidder of this lot or will be sold separately.
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #12 Lease Name Type Operator Legal Description
Matthews ORRI Vamco Operations Sec. 4 T20S R07W North 60 Acres of SW/4
County & State Acres Decimal Interest Operating Expenses Income
Rice, KS 60 0.0273437 NONE $24/mo (avg)
Seller Comments
Production (bbl)2012 - 3312013 - 3172014 - 3162015 - 1622016 - 3272017 - 226 through 8-2017
Lot #15 Lease Name Type Operator Legal Description
Sipes ORRI Trans Pacific Oil Corp. E/2 SW/4 Sec. 22-T21S-R13W
County & State Acres Decimal Interest Operating Expenses Income
Stafford, KS 80 .02 NONE $2,422.08 12mo)
Seller Comments $201.84 per mo.
Lot #14 Lease Name Type Operator Legal Description
Deines M ORRI Thoroughbred Assoc. SW/4 Sec. 19-T15S-R25W
County & State Acres Decimal Interest Operating Expenses Income
Trego, KS 160 .0182291 NONE $1204.20 (12mo)
Seller Comments $100.35 per mo.
Lease Name Type Operator Legal Description
Deines #2 ORRI Great Plains Energy, Inc. SW/4 Sec. 19-T15S-R25W
County & State Acres Decimal Interest Operating Expenses Income
Trego, KS 160 .0182292 NONE $792.72 (12mo)
Seller Comments $66.06 per mo.
ATTENTION: This is a multiple lease lot.All leases will sell together.
Lot Total Income: $166.41 (monthly net average for two leases)
Lot #13 Lease Name Type Operator Legal Description
Bartos B ORRI Bowman Oil Company NW/4 Sec. 22-T9S-R19W
County & State Acres Decimal Interest Operating Expenses Income
Rooks, KS 160 .0182291 NONE $1,264.20 (12mo)
Seller Comments $105.35 per mo.
Lot #16 Lease Name Type Operator Legal Description
Timmerkkamp ORRI Cortam, Inc. NE/4 Sec. 6-T26S-R1E
County & State Acres Decimal Interest Operating Expenses Income
Sedgwick, KS 160 .0546875 NONE $1,383.48 (12mo)
Seller Comments $115.29 per mo.
Monthly Net Average Income $115.29
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #17 Lease Name Type Operator Legal Description
Woodson County Package
Operated Lease
Owens Petroleum, LLC
County & State GWI NRI Crude Purchaser Acres
Woodson, KS 100% 87.5% Coffeyville Resources 1525
Seller Comments
30 wells on four producing leases
600 drillable locations left
Fields (four producing leases) sold 1500 BBL in the month of August off of 19 producing wells.
Lot #18 Lease Name Type Operator Legal Description
Barbara Young PWI Red Oak Energy, Inc. NW/4 of 23-T16S-R42W
County & State GWI NRI Operating Expenses Income
Greeley, KS .01 .08063 $314.70 (12mo) $649.36 (12mo)
Seller Comments
Lot #19 Lease Name Type Operator Legal Description
Mader PWI Red Oak Energy, Inc. NW of 7-T10S-R25W
County & State GWI NRI Operating Expenses Income
Graham, KS 2 .0162 $774.62 (12mo) $2,636.94 (12mo)
Seller Comments
Lot #20 Lease Name Type Operator Legal Description
Mowry Trust PWI Red Oak Energy, Inc. SW/4 21-T18S-R25W
County & State GWI NRI Operating Expenses Income
Graham, KS .02 .0162 $405.17 (12mo) $1,262.71 (12mo)
Seller Comments
Lot #21 Lease Name Type Operator Legal Description
Headquarters PWI Red Oak Energy, Inc. SE/4 of 35-T29S-R16W
County & State GWI NRI Operating Expenses Income
Kiowa, KS .01 .008125 $110.88 (6mo) $384.96 (6mo)
Seller Comments
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #22 Lease Name Type Operator Legal Description
Cobra Rock PWI Palomino Petroleum NW/4 Sec 12-T14S-R26W
County & State GWI NRI Operating Expenses Income
Gove, KS .0193 .0159638 $77.51 (4mo) $2,974.02 (4mo)
Seller Comments Cobra Rock #1 averages between 20 & 30 bopd, and has several zones behind pipe (confirmedwith DST) There are also additional drilling locations confirmed with 3D. Also, really nice equipment and a $16k fence around the tank battery.
Lot #23 Lease Name Type Operator Legal Description
Fishgrab PWI Siroky Oil Management NW/4 Sec 2-T30S-R13W
County & State GWI NRI Operating Expenses Income
Barber, KS .03 .0255 $515.88 (12mo) $1,478.52 (12mo)
Seller Comments
Lot #24 Lease Name Type Operator Legal Description
Brown 9-1 PWI Red Oak Energy, Inc. SW/4 9-T7S-R24W
County & State GWI NRI Operating Expenses Income
Graham, KS .01 .0082 $178.55 (9mo) $228.27 (9mo)
Seller Comments 160 Acres
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #25 Lease Name Type Operator Legal Description
Siroky #3 PWI Siroky Oil Management SW/4 17 - T27S - R12W
County & State GWI NRI Operating Expenses Income
Pratt, KS .015 .012 $318.30 (12mo) $1,426.17 (12mo)
Seller Comments 160 Acres, also sells gas
Lot #26 Lease Name Type Operator Legal Description
Doc #1& #2 PWI Palomino Petroleum NW/4 Sec 20-T14S-R25W
County & State GWI NRI Operating Expenses Income
Trego, KS .02 .0164062 $559.36 (10mo) $5,167.32 (10mo)
Seller Comments 160 Acres
Lot #27 Lease Name Type Operator Legal Description
Nichol PWI Palomino Petroleum SW/4 Sec 21 - T14S-R25W
County & State GWI NRI Operating Expenses Income
Trego, KS .02 .0164062 $305.93 (9mo) $1,449.66 (9mo)
Seller Comments 160 Acres
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lease Name Type Operator Legal Description
Seib #1 ORRI Brehm Asset Management NE/4 of 27-20S-21W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 10 .0375 $1,959.96 (5mo)
Seller Comments $391.99 per mo.
Lot #28 Lease Name Type Operator Legal Description
Harold Michaelis Family Trust
PWI Palomino Petroleum NW/4 30-T15S- R35W
County & State GWI NRI Operating Expenses Income
Logan, KS .04 .0325 $814.27 (10mo) $9,595.53 (10mo)
Seller Comments 160 Acres
Lot #29 Lease Name Type Operator Legal Description
Butterfield #1 & #2 PWI Palomino Petroleum NE/4 Sec 11-T14S-R26W
County & State GWI NRI Operating Expenses Income
Gove, KS .01 .00825 $165.81 (3mo) $3,817.32 (3mo)
Seller Comments 160 Acres
Butterfield #1 & #2 sell together. These wells average over 100+ bopd, and have several payzones behind pipe (confirmed with DST) Additional drilling locations confirmed w/3D.ORRI Also being sold in Lot #1
Lot #30
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot Removed
Lot #31 Lease Name Type Operator Legal Description
Seibenlist ORRI Red Oak Energy, Inc. SE/4 30-T17S-R23W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 160 .0034375 0 $189.29 (9mo)
Seller Comments $4.13 per mo.
Lot #32 Lease Name Type Operator Legal Description
Braun #1 & #2 ORRI Elk Energy Holdings, LLC SE/4 26 & E/2SW/4 25 of T13S-R17W
County & State Acres Decimal Interest Operating Expenses Income
Ellis, KS .03 0 $1,683.05 (3mo)
Seller Comments $561.02 per mo.
$884.42 - July, $393.92 - Aug, $404.71 - Sept
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #33 ATTENTION: This is a multiple lease lot.All leases will sell together.
Lease Name Type Operator Legal Description
Hanscom Porter 1 PWI Vess Oil Sec. 10-T18S-R26W
County & State GWI NRI Operating Expenses Income
Ness, KS 10 8.675 $235 per mo. $1,129 per mo.
Seller Comments
Lease Name Type Operator Legal Description
Sherwin Trust 3-10 PWI Vess Oil Sec 10-T18S-R26W
County & State GWI NRI Operating Expenses Income
Ness, KS 10 8.675 $247 per mo. $623 per mo.
Seller Comments
Lease Name Type Operator Legal Description
Walter 1-15 PWI Vess Oil Sec 15-T18S-R26W NE NW NW
County & State GWI NRI Operating Expenses Income
Ness, KS 10 8.675 $166 per mo. $383 per mo.
Seller Comments
Lease Name Type Operator Legal Description
Sherwin Trust 1-10 PWI Vess Oil Sec 10-T18S-R26W SW SW SW
County & State GWI NRI Operating Expenses Income
Ness, KS 10 8.675 $195 per mo. $318 per mo.
Seller Comments
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot Total Income: $1,840 (monthly net average for five leases)
Lease Name Type Operator Legal Description
Harkness-Sherwin 1-9 PWI Vess Oil Sec. 9-T18S-R26W SE SE SE
County & State GWI NRI Operating Expenses Income
Ness, KS 10 8.75 $107 per mo. $337 per mo.
Seller Comments
Lot #34 ATTENTION: This is a multiple lease lot.All leases will sell together.
Lease Name Type Operator Legal Description
Fox A-1 PWI Trek AEC, LLC Sec. 6-T31S-R07W SW NW NE
County & State GWI NRI Operating Expenses Income
Harper, KS 15 12.3 $234 per mo. $846 per mo.
Seller Comments
Lease Name Type Operator Legal Description
Lechner A-1 PWI Trek AEC, LLC Sec. 6-T31S-R07W NE NE NW
County & State GWI NRI Operating Expenses Income
Harper, KS 15 12.3 0 $258 per mo.
Seller Comments
Lot Total Income: $870 (monthly net average for two leases)
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #35 Lease Name Type Operator Legal Description
Bernbeck A ORRI DaMar Resources, Inc. NE/4 Sec. 30-T16S-R25W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 160 .011848975 $1,616.52 (12mo)
Seller Comments $134.71 per mo.
The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.Seller has an identical interest they may sell.
Lot #36 Lease Name Type Operator Legal Description
Betz C ORRI Vess Oil Corporation NW/4 Sec. 8-T20S-R24W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 160 .011848975 $916.44 (12mo)
Seller Comments $76.37 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.Seller has an identical interest they may sell.
Lot #37 Lease Name Type Operator Legal Description
Boger F-1 (Oil and Gas)
ORRI American Warrior, Inc. NE/4 Sec. 13-T27S-R22W
County & State Acres Decimal Interest Operating Expenses Income
Ford, KS 160 .037 $754.32 (12mo)
Seller Comments $62.86 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.Seller has an identical interest they may sell.
Lot #38 Lease Name Type Operator Legal Description
Crowell ORRI Trans Pacific Oil Corp. N/2 SW/4; NW/4 Sec. 34-T18S-R24W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 240 .0109375 $1,495.68 (12mo)
Seller Comments $124.64 per mo.
The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.Seller has an identical interest they may sell.
Lot #39 Lease Name Type Operator Legal Description
Crowell-Miner ORRI Trans Pacific Oil Corp. S/2 S/2 SW/4 SW/4 less R-O-W Sec. 27; N/2 N/2 NW/4 NW/4 less 1 ac tractSec. 34-T18S-R24W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 19 .012304675 $751.92 (12mo)
Seller Comments $62.66 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported. Seller has an identical interest they may sell.
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lease Name Type Operator Legal Description
LUANN 2925 2-36H ORRI Sandridge Exploration & Production, LLC
Sec. 36-T29S-R25W NE NW NW NW
County & State GWI NRI Operating Expenses Income
Ford, KS 0 .00548387
Seller Comments
Last sales 12/2014
Lot #40
Lease Name Type Operator Legal Description
WILLIAMS WAYNE 1 PWI McGinness Oil Sec. 8-T27S-R11W NW NW SE
County & State GWI NRI Operating Expenses Income
Pratt, KS .25 .2051 $182 per mo. $589 per mo.
Seller Comments
Lot #41
Lease Name Type Operator Legal Description
SHORE 1-33 PWI Kerr-McGee Sec. 33-T30S-R40W SE SE SE
County & State GWI NRI Operating Expenses Income
Stanton, KS .022 .0193 $55 per mo. $287 per mo.
Seller Comments
Lot #42
Lease Name Type Operator Legal Description
HARDEN GU PWI Claassen Sec. 9-T34S-R25W NW NE SW
County & State GWI NRI Operating Expenses Income
Clark, KS .10 .0875
Seller Comments
Lot #43
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot Removed
Lease Name Type Operator Legal Description
Schinstock 1 PWI Berexco Sec. 16-T24S-R22W SW NW NE NW
County & State GWI NRI Operating Expenses Income
Hodgeman, KS .0082031 .0071777
Seller Comments
Lot #44
Lease Name Type Operator Legal Description
Schinstock 2 PWI Berexco Sec. 16-T24S-R22W NE NE NW
County & State GWI NRI Operating Expenses Income
Clark, KS .0082031 .0071777 $48 per mo. $119 per mo.
Seller Comments
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
ATTENTION: This is a multiple lease lot.All leases will sell together.
Lot Total Income: $119 (monthly net average for two leases)
Lot #45 Lease Name Type Operator Legal Description
Lewis-Wildgen A ORRI Pickrell Drilling Company, Inc. Lot 1; E/2 NW/4 Sec. 31-T16S-R25W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS Approx 160
.00683595 $1,052.40 (12mo)
Seller Comments $87.70 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.Seller has an identical interest they may sell.
Lot #46 Lease Name Type Operator Legal Description
McClean ORRI Jo-Allyn Oil Corp. NE/4 Sec. 28-T16S-R25W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 160 .006836 $833.64 (12mo)
Seller Comments $69.47 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.Seller has an identical interest they may sell.
Lot #47 Lease Name Type Operator Legal Description
Richard Norton ORRI Trans Pacific Oil Corp. N/2 N/2 Sec 8-t15s-r26w
County & State Acres Decimal Interest Operating Expenses Income
Gove, KS 40 .0136719 $657.66 (12mo)
Seller Comments $54.81 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.Seller has an identical interest they may sell.
Lot #48 Lease Name Type Operator Legal Description
Oliphant ORRI Vess Oil Corporation NE/4 Sec. 11-T23S-R23W
County & State Acres Decimal Interest Operating Expenses Income
Hodgeman, KS 160 .013671875 $1,182.84 (12mo)
Seller Comments $98.57 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.Seller has an identical interest they may sell.
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #49 Lease Name Type Operator Legal Description
Sutton ORRI Jo-Allyn Oil Corp. NE/4 Sec. 33-T16S-R25W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 160 .013672 $948.72 (12mo)
Seller Comments $79.06 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.Seller has an identical interest they may sell.
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #50 Lease Name Type Operator Location
Weatherford 144-143 Pumpjack Equipment Garden City, KS
Seller Comments
2012 model54, 64, or 76” stroke depending on setupThe pumping unit is torn down and ready to transport and seller will pay to have it loaded on the new buyers truck.
Lease Name Type Operator Legal Description
Debes R ORRI Trans Pacific Oil Corp. W/2 SE/4 Sec. 14-T18S-R24W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 80 .0136719 $845.40 (12mo)
Seller Comments $70.45 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.Seller has an identical interest they may sell.
Lot #51
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #52
Lease Name Type Operator Legal Description
Debes Unit ORRI Trans Pacific Oil Corp. SW/4; E/2 SE/4 Sec. 14-T18S-R24W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 240 .01139325 $ 677.40 (12mo)
Seller Comments $56.45 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.Seller has an identical interest they may sell.
Lease Name Type Operator Legal Description
Debes Unit A ORRI Trans Pacific Oil Corp. SW/4; E/2 SE/4 Sec. 14-T18S-R24W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 240 .0113932 $ 440.52 (12mo)
Seller Comments $36.71 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.Seller has an identical interest they may sell.
Lot Total Income: $92.32 (monthly average for two leases)
ATTENTION: This is a multiple lease lot.All leases will sell together.
Lot #53 Lease Name Type Operator Legal Description
Miner-Buena Vista ORRI Trans Pacific Oil Corp. NE/4 Sec. 8-T19S-R24W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 160 .0227865 $1,072.32 (12mo)
Seller Comments $89.36 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Lot #54 Lease Name Type Operator Legal Description
Buena Vista ORRI Trans Pacific Oil Corp. NW/4 Sec. 17-T19S-R24W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 160 .01822292 $550.44 (12mo)
Seller Comments $45.87 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #55 Lease Name Type Operator Legal Description
C. Shauers ORRI DaMar Resources, Inc. SW/4 Sec. 7-T19S-R24W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 160 .015 $586.80 (12mo)
Seller Comments $48.90 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Lot #56 Lease Name Type Operator Legal Description
Dixon Trust ORRI Palomino Petroleum NE/4 less the S 520’ of the SW/4 NE/4 Sec. 20-T17S-R25W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 160 .0182292 $352.08 (12mo)
Seller Comments $29.34 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Lot #57 Lease Name Type Operator Legal Description
Fanshier-Otte ORRI Pintail Petroleum NW/4; N/2 SW/4 Sec. 21-T19S-R24W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 240 .00911458 $250.80 (12mo)
Seller Comments $20.90 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Lot #58 Lease Name Type Operator Legal Description
Fritz Trust ORRI H & B Petroleum Corp. S/2 Sec. 8-T18S-R21W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 320 .01 $467.52 (12mo)
Seller Comments $38.96 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #59 Lease Name Type Operator Legal Description
Grimes North ORRI DaMar Resources, Inc. S/2 S/2 SW/4 Sec. 17; E/2 E/2 NE/4 Sec. 19; NW/4 Sec. 20-T22S-R13W
County & State Acres Decimal Interest Operating Expenses Income
Stafford, KS 240 .005 $199.80 (12mo)
Seller Comments $16.65 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Lot #60 Lease Name Type Operator Legal Description
Hiss-Adams ORRI Trans Pacific Oil Corp. NW/4 Sec. 34-T20S-R13W
County & State Acres Decimal Interest Operating Expenses Income
Barton, KS 160 .0182292 $ 190.44 (12mo)
Seller Comments $15.87 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Lot #61 Lease Name Type Operator Legal Description
Holy Family ORRI Trans Pacific Oil Corp. E/2 NE/4; NW/4 NE/4; NE/4 SW/4 NE/4 Sec. 17-T21S-R13W
County & State Acres Decimal Interest Operating Expenses Income
Stafford, KS 130 .0109375 $302.64 (12mo)
Seller Comments $25.22 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #62 Lease Name Type Operator Legal Description
Landis ORRI Trans Pacific Oil Corp. N/2 SW/4; Sec. 5; N/2 SE/4 Sec. 6-T8S-R20W
County & State Acres Decimal Interest Operating Expenses Income
Rooks, KS 200 .01 $193.20 (12mo)
Seller Comments $16.10 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Lot #63 Lease Name Type Operator Legal Description
McClellan Trust ORRI Free State Petroleum, LLC E/2 Sec. 8-T9S-R19W
County & State Acres Decimal Interest Operating Expenses Income
Rooks, KS 320 .0182291 $502.68 (12mo)
Seller Comments $41.89 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Lot #64 Lease Name Type Operator Legal Description
McCoy ORRI Trans Pacific Oil Corp. SW/4 Sec. 8-T19S-R24W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 160 .0182292 $867.12 (12mo)
Seller Comments $72.26 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #65 Lease Name Type Operator Legal Description
Miller ORRI Trans Pacific Oil Corp. SE/4 Sec. 17-T9S-R19W
County & State Acres Decimal Interest Operating Expenses Income
Rooks, KS 160 .0182292 $532.68 (12mo)
Seller Comments $44.39 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Lot #66 Lease Name Type Operator Legal Description
ND/DD ORRI Palomino Petroleum, Inc. N/2 SW/4; S/2 NW/4 ; S/2 SW/4 Sec. 20-T17S-R23W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 240 .0109375 $535.44 (12mo)
Seller Comments $44.62 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Lot #67 Lease Name Type Operator Legal Description
Parkerson Trust A ORRI Pickrell Drilling Company, Inc. 115 ac tract in NW/4 Sec. 31-T18S-R23W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 115 .0075 $211.92 (12mo)
Seller Comments $17.66 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #68 Lease Name Type Operator Legal Description
Pavlu-Davidson ORRI Trans Pacific Oil Corp. NW/4 Sec. 15-T19S-R24W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 160 .0091146 $912.12 (12mo)
Seller Comments $76.01 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Lot #69 Lease Name Type Operator Legal Description
Penka ORRI Trans Pacific Oil Corp. S/2 N/2 S/2 NW/4; S/2 S/2 NW/4; N/2 N/2 SW/4 Sec. 32-T16S-R13W
County & State Acres Decimal Interest Operating Expenses Income
Barton, KS 100 .0182292 $350.28 (12mo)
Seller Comments $29.19 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #70 Lease Name Type Operator Legal Description
Leon County Texas Minerals
Nonproducing Mineral Acres
Arthur Willis Survey, A-914.
County & State Acres Decimal Interest Operating Expenses Income
Leon, TX
Seller Comments
74.5 net mineral acres 50% of 149 total acres
Lot #71 Lease Name Type Operator Legal Description
Munz ORRI Castle Resources, Inc. NW/4 less tract Sec. 27-T21S-R13W
County & State Acres Decimal Interest Operating Expenses Income
Stafford, KS 160 less tract .0182292 $873.72 (12mo)
Seller Comments $72.81 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Lot #72 Lease Name Type Operator Legal Description
Noll Unit ORRI DaMar Resources, Inc. W/2 W/2 NE/4 on Sec. 16-T17W-R24W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 160 .015 $593.28 (12mo)
Seller Comments $49.44 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Lot #73 Lease Name Type Operator Legal Description
Quiring B ORRI Trans Pacific Oil Corp. S/2 SW/4 Sec. 3-T24S-R2E
County & State Acres Decimal Interest Operating Expenses Income
Harvey, KS 80 .0182292 $516.60 (12mo)
Seller Comments $43.05 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #74 Lease Name Type Operator Legal Description
Russell B ORRI GLM Company E/2 NW/4 Sec. 15-T19S-R4E
County & State Acres Decimal Interest Operating Expenses Income
Marion, KS 80 .0273438 $245.64 (12mo)
Seller Comments $20.47 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Lot #75 Lease Name Type Operator Legal Description
St. Joseph Church ORRI Trans Pacific Oil Corp. SW/4 Sec. 36-T7S-R21W
County & State Acres Decimal Interest Operating Expenses Income
Graham, KS 160 .01 $194.16 (12mo)
Seller Comments $16.18 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #76 Lease Name Type Operator Legal Description
Walker ORRI Trans Pacific Oil Corp. Sec 33-T18s-R09w SE/4 less 1 ac tract
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 159 .0182292 $525.84 (12mo)
Seller Comments $43.82 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Lot #77 Lease Name Type Operator Legal Description
Webster ORRI Jo-Allyn Oil Corp. SW/4 Sec. 34-T16S-R25W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 160 .0136719 $121.92 (12mo)
Seller Comments $10.16 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Lot #78 Lease Name Type Operator Legal Description
Westermeyer-Bales ORRI Trans Pacific Oil Corp. SW/4 Sec. 5-T20S-R24W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 160 .0091146 $348.96 (12mo)
Seller Comments $29.08 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #79 Lease Name Type Operator Legal Description
Wonder-Mud ORRI Mike Kelso Oil SW/4 14-T17S-R21W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 160 .05 0 $3,599.05 (6mo)
Seller Comments $599.84 per mo.
Lot #80 Lease Name Type Operator Legal Description
STSI Unit #1-30 ORRI Red Oak Energy, Inc. NW/4 Sec. 30 - T17S - R33W
County & State Acres Decimal Interest Operating Expenses Income
Scott, KS .0075 0 $879.97 (12mo)
Seller Comments $73.33 per mo. 480 Acre Unit (S/2S/2 of Sec.19 & N/2 of Sec.30)
Lot #81 Lease Name Type Operator Legal Description
Olson B ORRI Veenker Resources, Inc. All Sec. 33-T17S-R25W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 640 .00683595 0 $1,373.40 (12mo)
Seller Comments $114.45 per mo.
The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.Seller has an identical interest they may sell.
Lot #82 Lease Name Type Operator Legal Description
Reed ORRI Veenker Resources, Inc. NE/4 SW/4; SW/4 NE/4; SE/4 Sec. 4-T18S-R25W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 240 .01367185 0 $599.64 (12mo)
Seller Comments $49.97 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.Seller has an identical interest they may sell.
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #83 Lease Name Type Operator Legal Description
Sidebottom ORRI Veenker Resources, Inc. NE/4 Sec. 20-T17S-R24W
County & State Acres Decimal Interest Operating Expenses Income
Ness, KS 160 .00769045 0 $636.12 (12mo)
Seller Comments $53.01 per mo. The cash flows provided are based on a 12 month average of $43.92 oil for the period reported.Seller has an identical interest they may sell.
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #84 Lease Name Type Operator Legal Description
Springer B ORRI Griffin Management N/2 3-T33S-R12W
County & State Acres Decimal Interest Operating Expenses Income
Barber, KS 320 .002
Seller Comments $84 per mo. Lease has sold 6013 bbl oil from Jan - July 2017 (7mo)
Lot #85 Lease Name Type Operator Legal Description
Sneed Mr ORRI Adams Affiliates Sec. 3, Blk B10 EL & RR Sur
County & State Acres Decimal Interest Operating Expenses Income
Moore, TX .0108330 $64.69 per mo.
Seller Comments
2016 - $738.51 - Oil $37.78 - Gas2017 - $437.92 - Oil Production through July 2017Moore Co. Lease No. 113550 Property No. 043105 Revenue disbursed by Operator.SALE IS SUBJECT TO ESTATE PROCEEDINGS APPROVAL IN MOORE COUNTY, TEXAS
Lot #86 Lease Name Type Operator Legal Description
Lynch South ORRI WBD Oil & Gas Sec. 154 Blk 3T Sur T& NO
County & State Acres Decimal Interest Operating Expenses Income
Moore, TX .0108330 $84.41 per mo.
Seller Comments
2016 - $814.872017 - $873.29 (Through Aug 2017)Moore Co. Lease No. 93850Property No. 503995Oil Revenue disbursed by Valero Marketing SupplyGas Revenue disbursed by OperatorLease No. 1075 SALE IS SUBJECT TO ESTATE PROCEEDINGS APPROVAL IN MOORE COUNTY, TEXAS
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #87
Lease Name Type Operator Legal Description
Witherbee #1, #2, #3, #4 ORRI Ponderosa Texas Operating Sec. 36 Blk Z Sur GC&SF
County & State Acres Decimal Interest Operating Expenses Income
Moore, TX .0108330 $111.59 per mo.
Seller Comments
2016 - $1,339.02 (Gas & Oil Income)2017 - $ 986.93 (Gas Income only)Moore Co. Lease No. 93900Gas Revenue disbursed by DCP Midstream, LPLease No. 33594-00Oil Revenue Disbursed by Shell Trading. Lease No. 65205. Funds are currently in suspense pending division order for the estate. Waiting on accurate numbers.SEE RCC PRODUCTION REPORT.SALE IS SUBJECT TO ESTATE PROCEEDINGS APPROVAL IN MOORE COUNTY, TEXAS
Lot #88 Lease Name Type Operator Legal Description
Masterson Red Cave Unit ORRI Adams Affiliates Sec. 27 Blk PMC Sur EL & RR S/2 & NE/4
County & State Acres Decimal Interest Operating Expenses Income
Moore, TX .0108330 $594.74 per mo.
Seller Comments
2016 - $8,066.542017 - $3,828.18 (Income through Aug/17)Moore Co. Lease No. 113440Revenue disbursed by operator. Lease Property # 043250.SALE IS SUBJECT TO ESTATE PROCEEDINGS APPROVAL IN MOORE COUNTY, TEXAS
Lot #89 Lease Name Type Operator Legal Description
Robbie Jo 1, 4, 5, 6, 7 ORRI Mac 5 Operating, LLC Sec. 152, Blk 3T Sur T&NO
County & State Acres Decimal Interest Operating Expenses Income
Moore, TX .0108330 $123.27 per mo.
Seller Comments
2016 - $1,437.842017 - $1,027.49 - Production through Aug 2017Moore Co. Lease No. 237520Gas Revenue disbursed by DCP Midstream Lease No. 33564-00 Oil disbursed by Plains Marketing, LP Lease No. 01-153670SALE IS SUBJECT TO ESTATE PROCEEDINGS APPROVAL IN MOORE COUNTY, TEXAS
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #90 Lease Name Type Operator Legal Description
Thompson 1/41/61 ORRI Adams Affiliates See Comments
County & State Acres Decimal Interest Operating Expenses Income
Moore, TX .0108330 $186.41 per mo.
Seller Comments
2016 - $2,412.132017 - $1,316.09 Prod through Aug 2017Thompson 1: S/2 Sec 1, Blk B-10 EL & RR Sur;Thompson 41: S 601.8 ac less 12.6 ac Sec. 41, Blk 3, G&M Sur;Thompson 61: N 167.3 ac of Sec. 61, Blk 0-18 D&P Ry Co. Sur;Moore Co. Lease No. 320106Revenue is disbursed by operator - Lease No. 043265SALE IS SUBJECT TO ESTATE PROCEEDINGS APPROVAL IN MOORE COUNTY, TEXAS
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #91 Lease Name Type Operator Legal Description
Baker 39 ORRI H&M Resources, LLC Sec. 39 Blk 0-18 Sur D&P
County & State Acres Decimal Interest Operating Expenses Income
Moore, TX .0108330 $60.25 per mo.
Seller Comments
2016 - $326.842017 - $938.49 (Through Sep 2017)Moore Co. Lease No. 320263Revenue Disbursed by Valero Marketing SupplyLease No. 502040SALE IS SUBJECT TO ESTATE PROCEEDINGS APPROVAL IN MOORE COUNTY, TEXAS
Lease Name Type Operator Legal Description
Crawford #32 ORRI Adams Affiliates SE/4 Sec. 32, Block P MC, EL&RR Ry Co. Sur
County & State Acres Decimal Interest Income
Moore, TX .0108330 2016 - $85.582017 - $33.09
Seller Comments
Moore Co. Lease No. 113420Revenue disbursed by Operator, Lease No. 043215
Lease Name Type Operator Legal Description
Crawford #78 ORRI Leejan Oil Company Sec. 78, Blk 0-18 D&P Sur
County & State Acres Decimal Interest Income
Potter, TX .0108330 2016 - $26.482017 - $ 0.00 See RCC Report
Seller Comments
Property No:502753 Revenue disbursed by: Valero Marketing Oil only, No Gas Rights
Lease Name Type Operator Legal Description
Robertson ORRI Kodiak Operating Sec. 211, Blk 3T, T&NO Sur
County & State Acres Decimal Interest Income
Moore, TX 0.0108330- JLS Estate 2016 - $02017 - $0 See RCC Report
Seller Comments
Revenue disbursed by DCP MidstreamMeter # 33566-00
Lease Name Type Operator Legal Description
Crawford #34 ORRI Adams Affiliates Sec. 34, Blk PMC Sur EL & RR
County & State Acres Decimal Interest Income
Moore, TX .010833 2016 - $156.382017 - $ 78.02 (Through Aug 2017)
Seller Comments
Moore Co. Lease No. 113410Revenue disbursed by Operator Lease No. 043220
Lot #92 ATTENTION: This is a multiple lease lot.All leases will sell together.
Lease Name Type Operator Legal Description
Sneed 3 & 4 Consolidated ORRI Adams Affiliates Part of Sec. 3 & 4 Blk B-10 EL & RR Co. Sur
County & State Acres Decimal Interest Income
Moore, TX .0108330 2016 - $804.722017 - $450.03 (through Aug 2017)
Seller Comments
Moore Co. Lease No. 93900Revenue disbursed by operator. Lease Property No. 043103
Lease Name Type Operator Legal Description
Robertson ORRI Kodiak Operating Sec. 211, Blk 3T T&NO Sur
County & State Acres Decimal Interest Income
Moore, TX .0108333 – MLS Trust 2016 - $02017 - $0 See RCC Report
Seller Comments
Moore Co. Lease No. 1166100Revenue disbursed by:DCP Midstream –Meter #33566-00
Lease Name Type Operator Legal Description
Thompson 75 ORRI Adams Affiliates S/2 Sec. 75, Blk O-18 D&P Ry Co. Sur
County & State Acres Decimal Interest Income
Moore, TX .010833 2016 - $468.282017 - $377.70 Production through July 2017
Seller Comments
Moore Co. Lease No. 113560Revenue disbursed by operator - Lease# 043270
Lot Total Income: $128.46 (monthly net average for seven leases)This lot is subject to estate proceedings approval in Moore County, Texas
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lease Name Type Operator Legal Description
Fatzer PWI Petroleum Property NE/4 22-T26S-R17W (160 acre)
County & State GWI NRI Operating Expenses Income
Edwards, KS .41125000 .3206 $7,508.59 (12mo) $7,925.17 (12mo)
Seller Comments $660.43 per mo.
There was a $3000 charge in March when they had to pull tubing/rods but usually averages 300-350/month LOE.
Lot #93
Lease Name Type Operator Legal Description
Mull PWI Petroleum Property SE/4 10-26S-17W; NE/4 15-26S-17W (320 acre)
County & State GWI NRI Operating Expenses Income
Edwards, KS .35000000 .2729 $0 (12mo) $521.49 (12mo)
Seller Comments $43.46 per mo.
Lot Total Income: $703.89 (per month net average for two leases)
ATTENTION: This is a multiple lease lot.All leases will sell together.
Lot #94 Lease Name Type County & State Legal Description
Z-Bar Ranch Minerals Mineral Acres Barber, KS Z-Bar Ranch Mineral Acres(SW/4 Sec. 15), (S/2 Sec. 16), (E/2 of SW/4 & SE/4 Sec. 20), (N/2 & W/2 of SW/4 & E/2 of SE/4 Sec. 21), (W/2 & SE/4 Sec. 22), (W/2 of SW/4 Sec. 23), NW/4 Sec. 27), (E/2 of NE/4 Sec. 28): All in Township 33 South, Range 15 West
Acres
84 Net Mineral Acres
Seller Comments
These undivided minerals are located on 2000 acres of the Z-Bar Ranch in Barber County, Kansas. The acreage lies over the heart of the Platt Oil and Gas Field and the western edge of the Aetna Gas Area. This area was first discovered in 1935 and has had much activity over the years with the latest wells in the area drilled in 2013. In 2011 and 2012, Osage Resources, LLC drilled two horizontals adjacent the western edge of the royalty acreage. There is one temporarily abandon well on the acreage that pro-duces from the Drum Limestone. The main production in the area is from the Mississippian formation. Other productive zones in the area are the Viola, Marmaton, Cherokee, and Chattanooga.
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #95 Lease Name Type Operator Legal Description
Marple Operated Lease
P&R Oilfield Services Sec 24 T27S R16E, SE/4
County & State GWI NRI Crude Purchaser Acres
Wilson, KS 100% .8125 Plains Marketing 80
Seller Comments
Squirrel producing formation. Long string cemented in not perfed or completed. Drilled new well ce-ment 2 7/8” casing not perfed
Lot #96
Lease Name Type Operator Legal Description
Thorsell Operated Lease
P&R Oilfield Services S19 T27S R17E SW, SW, NW, SW
County & State GWI NRI Crude Purchaser Acres
Wilson, KS 100% .875 Plains Marketing 160
Seller Comments
Good drilling project. Needs water flood.
Averaging 1/3bbl per day.
.83bbl averaged over 33 years.
Lease Name Type Operator Legal Description
CO2 Project PWI Murfin Drilling Company Sec. 28 T14S R13W
County & State GWI NRI Operating Expenses Income
Russell, KS 0.00361354 (AVAD) 0.00154866 (Vendera)
0.02062376 (AVAD) 0.00883876 (Vendera)
$19.56
Seller Comments
Financial data from August and September 2017
Lot #97
Lot Total Income: $ (per month net average for two leases)
ATTENTION: This is a multiple lease lot.All leases will sell together.
Lease Name Type Operator Legal Description
SLAGLE #1-31 PWI MV Purchasing S31 T20S R25W
County & State GWI NRI Operating Expenses Income
Ness, KS 0.00487694 (AVAD) 0.00209012 (Vendera)
0.00412111 (AVAD) 0.00176619 (Vendera)
$11.79 (2 mo)
Seller Comments
Financial data from August and September 2017
Lot #98
Lease Name Type Operator Legal Description
CO2 Project PWI MV Purchasing S28 T14S R13W
County & State GWI NRI Operating Expenses Income
Ness, KS 0.00361354 (AVAD) 0.00154866 (Vendera)
0.02062376 (AVAD) 0.00883876 (Vendera)
$63.18 (2 mo)
Seller Comments
Lot #99
Lot #100 Lease Name Type Operator Legal Description
Lang ORRI Meridian Energy, Inc. W/2 NE/4; N/2 SE/4 S20-T13S-R20W
County & State Acres Decimal Interest Operating Expenses Income
Ellis, KS 160 .02 $435.96 (12mo)
Seller Comments $36.33 per mo.
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #101 Lease Name Type Operator Legal Description
Schumacher ORRI Cla-Mar Oil Company W/2 S21-T13S-R20W
County & State Acres Decimal Interest Operating Expenses Income
Ellis, KS 320 .02 $134.13 (12mo)
Seller Comments $11.18 per mo.
Lot #102 Lease Name Type Operator Legal Description
Habiger 18-1 ORRI Strata-Kan Exploration, LLC S/2 N/2 S18-T18s-R9w
County & State Acres Decimal Interest Operating Expenses Income
Rice, KS 160 .02 $2,237.31 (4mo)
Seller Comments $559.33 per mo. Additional Well to be drilled 1st Quarter 2018.
Habiger 18-1 carries high producing fluid level and virtually no depletion.Produces from Arbuckle Dolomite
Lot #103 Lease Name Type Operator Legal Description
Habiger Carter Unit 18-1 ORRI Strata-Kan Exploration, LLC SW/4 S18-T18s-R9w
County & State Acres Decimal Interest Operating Expenses Income
Rice, KS 10 .02 $3,761.99 (4mo)
Seller Comments $940.50 per mo. Habiger Carter Unit is pumped off and is 90% Oil . Produces from Arbuckle Dolomite.
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #104 Lease Name Type Operator Legal Description
Moore ORRI Richland Oil Investments, LLC. SW/4 S22 T12S-R33W
County & State Acres Decimal Interest Operating Expenses Income
Logan, KS 160 .01 0 $3,178.26 (4mo)
Seller Comments $794.57 per mo. Operator reports potential behind pipe.
Lot #105 Lease Name Type Operator Legal Description
Bob Smith Barnett Package RI Trinity River Energy, LLC G.W Maltsberger Survey, Abstract 934
County & State Acres Decimal Interest Operating Expenses Income
Denton, TX 1.1 Net Mineral Acres
.00131643 0 $34.78 per mo.
Seller Comments 86% Gas, 14% NGL Income: Feb 17 - $37.42 Barnett Shale formation. 1 horizontal producing well. Mar 17 - $31.85Additional information packet available online. Apr 17 - $34.49 May 17 - $34.62 Jun 17 - $35.51
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot #106 Lease Name Type Operator Legal Description
Bell Edgemont 1 ORRI Three Forks Resources, LLC S28 T36N R64W SW NE
County & State Acres Decimal Interest Operating Expenses Income
Niobrara, WY
Seller Comments $ per mo. Additional information packet available online.
Lot Removed
Lot #107
Lot #108 Lease Name Type Operator Location
Arrow C-66 Engine Equipment
Seller Comments
2012 modelLow hours, very good condition with electric starter. Pictures available on website.
Lease Name Type Operator Legal Description
Thomas Wilcox Sand Package RI Territory Resources, LLC SW/4 Sec. 15 T25N R2W
County & State Acres Decimal Interest Operating Expenses Income
Kay, OK .0015625 0 $219.06 (3mo)
Seller Comments $73.03 per mo. 2 producing wells
Additional information packet available online.
Lease Name Type Operator Legal Description
Cottonwood PWI Pickrell Drilling Company, LLC
SW/4 Sec.4-21S-25W
County & State GWI NRI Operating Expenses Income
Hodgeman, KS 0.5 $11,956.47 (12mo) $17,097.33 (12mo)
Seller Comments $428.41 per mo.
Lot #109
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lease Name Type Operator Legal Description
Hartman PWI Hummon W/2 SW/4, Sec 19,and N/2 NW/4 Sec.30, T32S, R3W
County & State GWI NRI Operating Expenses Income
Sumner, KS 0.125 $10,123.05 (12mo) $12,727.73 (12mo)
Seller Comments $217.06 per mo.
Lot #110
Lease Name Type Operator Legal Description
Pride PWI Hummon NE/4, Sec7 and NW/4 Sec8, T29S, R12W
County & State GWI NRI Operating Expenses Income
Pratt, KS 0.125 $507.02 (12mo)
Seller Comments -$42.25 per mo.
Lease Name Type Operator Legal Description
Wegener PWI Hummon NW/4, Sec29, T2S, R24W
County & State GWI NRI Operating Expenses Income
Norton, KS 0.125 $6,189.3 (12mo) $4,926.84 (12mo)
Seller Comments -$105.21 per mo.
Lease Name Type Operator Legal Description
Schoen PWI Hummon NW SW NW Sec24, T3S, R24W
County & State GWI NRI Operating Expenses Income
Norton, KS 0.125 $4,169.32 (12mo) $5,627.58 (12mo)
Seller Comments $121.52 per mo.
Lot Total Income: $191.12 (per month net average for four leases)
ATTENTION: This is a multiple lease lot.All leases will sell together.
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lot Removed
Lease Name Type Operator Legal Description
Mozart 15 #2 PWI ICA Energy Section 15, Block 44, T-2-S, T&P Survey
County & State GWI NRI Operating Expenses Income
Ector, TX 0.02787684 (AVAD), 0.011947215 (Vendera)
0.02264993 (AVAD), 0.00970710 (Vendera)
$402.50 (3mo) $5.42 (3mo)
Seller Comments $1.80 per mo.
Lot #111 ATTENTION: This is a multiple lease lot.All leases will sell together.
Lease Name Type Operator Legal Description
Parker Ranchland SWD
PWI ICA Energy
County & State GWI NRI Operating Expenses Income
Ector, TX 0.02787684 (AVAD), 0.011947215 (Vendera)
0.00000 (AVAD), 0.00000 (Vendera)
$6.19 (3mo) $
Seller Comments $ per mo.
Lot Total Income: $1.80 (per month net average for two leases)
Lease Name Type Operator Legal Description
SHINOGLE 24-1, SHINOGLE 24-2
PWI Oolite Energy Corp. Sec. 24, T33S, R30W
County & State GWI NRI Operating Expenses Income
Meade, KS 0.01178331 (AVAD) 0.00504999 (Vendera), 0.01380857 (AVAD) 0.00591796 (Vendera)
0.00919098 (AVAD) 0.00393899 (Vendera), 0.01077068 (AVAD) 0.00461601 (Vendera)
$179.63 (2mo) $272.54 (2mo)
Seller Comments $136.27 per mo.
Lot #112 ATTENTION: This is a multiple lease lot.All leases will sell together.
Lease Name Type Operator Legal Description
SHINOGLE 24-3A PWI Oolite Energy Corp. Sec. 24, T33S , R30W
County & State GWI NRI Operating Expenses Income
Meade, KS 0.00781215 (AVAD) 0.003348066 (Vendera)
0.00000 (AVAD) 0.00000 (Vendera)
$19.15 (2mo) $ 5.11 (2mo)
Seller Comments $2.56 per mo.
Lot Total Income: $138.83 (per month net average for two leases)
Lease Name Type Operator Legal Description
Olver #1 PWI Trio Consulting & Management
Sec. 23, T6S, R6W
County & State GWI NRI Operating Expenses Income
Jefferson, OK 0.0078554 (AVAD) 0.0033666 (Vendera)
0.00630874 (AVAD) 0.002703744 (Vendera)
$14.55 (2mo) $
Seller Comments $ per mo.
Lot #113 ATTENTION: This is a multiple lease lot.All leases will sell together.
Lease Name Type Operator Legal Description
Rash Barrett 24-1, Rash Bar-rett A 24-1 No. 1, 3,4,5,6
PWI Trio Consulting & Management
Sec. 24, T6S, R6W
County & State GWI NRI Operating Expenses Income
Jefferson, OK 0.0078554 (AVAD) 0.00336666 (Vendera)
0.0067754 (AVAD) 0.00290374 (Vendera), 0.00652992 (AVAD) 0.00279854 (Vendera)
$106.10 (2mo) $
Seller Comments $ per mo.
Lot Total Income: $ (per month net average for two leases)
Attention Bidders20% due day of sale on purchased lots.Qualification to Bid: Bidders are required to register in advance of the sale. This auction of oil and gas properties is made only to selected parties willing to attend and are responsible, and is intended only for parties who are qualified. This sale brochure, and all other notices of the sale, are not intended as a public offering. This sale brochure does not constitute an offer or solicitation to pur-chase or an offer or solicitation to sell to any person in a state where the laws of such state prohibit such offers.
Lease Name Type Operator Legal Description
SLAGE #2-31 PWI Vess Oil Corporation Sec. 31, T20S, R25W
County & State GWI NRI Operating Expenses Income
Ness, KS 0.00487694 (AVAD) 0.00209012 (Vendera)
0.00412111 (AVAD) 0.00176619 (Vendera)
$18.20 (2mo) $
Seller Comments $ per mo.
Lot #114
Lot #115 Lease Name Type Operator Legal Description
Shelton Davis Sand Package RI Bend Petroleum Corp. See info packet online pg 17
County & State Acres Decimal Interest Operating Expenses Income
Grayson, TX 256 0 $209.18 (5mo)
Seller Comments $41.84 per mo. Additional information packet available online.
Lease Name Type Operator Legal Description
Ball #1-26 PWI Oil Producers T32S,R32W,Sec26 E2 NE SE
County & State GWI NRI Operating Expenses Income
Seward, KS 0.11737773 $3,021.23 (12mo) $790.07 (12mo)
Lot #116
Lease Name Type Operator Legal Description
Birney PWI Oil Producers T32S, R32W, Sec 25 NE NE SW
County & State GWI NRI Operating Expenses Income
Seward, KS 0.12125 $2051.59 (12mo) $1,601.97 (12mo)
Lease Name Type Operator Legal Description
Birney Irwin 1-30 PWI Oil Producers T32S, R31W, Sec30 E2 SE NW
County & State GWI NRI Operating Expenses Income
Seward, KS 0.1134375 $2,449.39 (12mo) $397.05 (12mo)
Lease Name Type Operator Legal Description
Brecheisen 1-9 PWI Oil Producers T35S, R38W, Sec 9 SW
County & State GWI NRI Operating Expenses Income
Stevens, KS 0.12124997 $997.5 (12mo) $2,154.67 (12mo)
Lease Name Type Operator Legal Description
Dudrey PWI Oil Producers T33S, R31W, Sec 7
County & State GWI NRI Operating Expenses Income
Seward, KS 0.12125 $57.56 (12mo)
ATTENTION: This is a multiple lease lot.All leases will sell together.
Lease Name Type Operator Legal Description
Dudrey 2 PWI Oil Producers T33S, R31W, Sec 7 SE NW SE
County & State GWI NRI Operating Expenses Income
Seward, KS 0.121 $101.88 (12mo)
Lease Name Type Operator Legal Description
Carlile 4-26 PWI Oil Producers T32S, R33W, Sec 26 NE NW SW
County & State GWI NRI Operating Expenses Income
Seward, KS 0.12359375 $3,452.56 (12mo) $4,019.35 (12mo)
Lease Name Type Operator Legal Description
Chalfant PWI Oil Producers T28S, R21W, Sec 36 C NE
County & State GWI NRI Operating Expenses Income
Ford, KS 0.0883448 $110.29 (12mo)
Lease Name Type Operator Legal Description
Durkee PWI Oil Producers T28S, R20W,Sec 31
County & State GWI NRI Operating Expenses Income
Kiowa, KS 0.098 $1,947.03 (12mo) $2,431.28 (12mo)
Lease Name Type Operator Legal Description
Eaton PWI Oil Producers T33S, R31 W, Sec 27 C NW SE
County & State GWI NRI Operating Expenses Income
Seward, KS 0.1166425 $201.47 (12mo)
Lease Name Type Operator Legal Description
Edmonston PWI Oil Producers T33S, R21W, Sec 3 E2
County & State GWI NRI Operating Expenses Income
Clark, KS 0.1 $1,749.07 (12mo) $2,963.34 (12mo)
Lease Name Type Operator Legal Description
Garten 14-36 PWI Oil Producers T34S, R14W, Sec 36 W2 SE SW
County & State GWI NRI Operating Expenses Income
Barber, KS 0.125 $1,289.58 (12mo) $1,565.71 (12mo)
Lease Name Type Operator Legal Description
Hager PWI Oil Producers T24S, R16W, Sec 18 C N2 NE
County & State GWI NRI Operating Expenses Income
Edwards, KS 0.0949375 $698.7 (12mo) $374.77 (12mo)
Lease Name Type Operator Legal Description
Frick A #1 PWI Oil Producers T23S, R16W, Sec 6, S2 SE SW
County & State GWI NRI Operating Expenses Income
Pawnee, KS 0.0786625 $593.9 (12mo) $726.9 (12mo)
Lease Name Type Operator Legal Description
Hearn 1 PWI Oil Producers T23S, R15W, Sec 35 NE SW NE
County & State GWI NRI Operating Expenses Income
Pawnee, KS 0.081465 $644.61 (12mo) $870.07 (12mo)
Lease Name Type Operator Legal Description
Hearn 3 PWI Oil Producers T23S, R15W, Sec 35 NE SE
County & State GWI NRI Operating Expenses Income
Pawnee, KS
Lease Name Type Operator Legal Description
Irwin PWI Oil Producers T32S, R32W, Sec 25 C SE SE
County & State GWI NRI Operating Expenses Income
Pawnee, KS 0.0909375 $1,220.73 (12mo) $1,783.96 (12mo)
Lease Name Type Operator Legal Description
Kane Baughman PWI Oil Producers T32S, R33W, Sec 24 C NE SW
County & State GWI NRI Operating Expenses Income
Seward, KS 0.125 $4,424.52 (12mo) $3,194.03 (12mo)
Lease Name Type Operator Legal Description
Jones PWI Oil Producers T27S, R21W, Sec 32 C S2 NE
County & State GWI NRI Operating Expenses Income
Ford, KS 0.0882 $2,577.98 (12mo) $2,711.3 (12mo)
Lease Name Type Operator Legal Description
Langhofer (w/ Eaton) PWI Oil Producers T33S, R31W, Sec 27
County & State GWI NRI Operating Expenses Income
Seward, KS 0.125 $189.53 (12mo)
Lease Name Type Operator Legal Description
Massoni 1-31 PWI Oil Producers T32S, R31W, Sec 31 SW
County & State GWI NRI Operating Expenses Income
Seward, KS 0.12125 $2,050.47 (12mo) $803.54 (12mo)
Lease Name Type Operator Legal Description
Massoni 2-31 PWI Oil Producers T32S, R31W, Sec 31 SE NW NW
County & State GWI NRI Operating Expenses Income
Seward, KS 0.122041 $3,483.6 (12mo) $1,052.01 (12mo)
Lease Name Type Operator Legal Description
M.J. Smith #1 and #2 PWI Oil Producers T22S, R32W, Sec 35
County & State GWI NRI Operating Expenses Income
Finney, KS 0.1225
Lease Name Type Operator Legal Description
Olds Roehr #2-1 PWI Oil Producers T33S, R32W, Sec 1
County & State GWI NRI Operating Expenses Income
Seward, KS 0.1134375 $1,770.56 (12mo) $1,068.65 (12mo)
Lease Name Type Operator Legal Description
Ormiston 1 PWI Oil Producers T33S, R31W, Sec 24 C NW NE
County & State GWI NRI Operating Expenses Income
Seward, KS 0.125 $2,721.82 (12mo) $2,986.78 (12mo)
Lease Name Type Operator Legal Description
PamarMiller A Unitl PWI Oil Producers T28S, R20W, Sec 31 C S W
County & State GWI NRI Operating Expenses Income
Kiowa, KS 0.0260313 $755.77 (12mo) $258.08 (12mo)
Lease Name Type Operator Legal Description
Price 1 PWI Oil Producers T28S, R21 W, Sec 25 NW NW SE NW
County & State GWI NRI Operating Expenses Income
Ford, KS 0.0875 $2,105.81 (12mo) $1,199.66 (12mo)
Lease Name Type Operator Legal Description
Price 2 PWI Oil Producers T28S, R21 W, Sec 25 NW NW SE NW
County & State GWI NRI Operating Expenses Income
Ford, KS
Lease Name Type Operator Legal Description
Ramsey PWI Oil Producers T28, R21 W, Sec 36 C NE SW
County & State GWI NRI Operating Expenses Income
Ford, KS 0.08689655 $1,434.64 (12mo) $1,614.82 (12mo)
Lease Name Type Operator Legal Description
Reiss A#l PWI Oil Producers T32S, R32W, Sec 24 C NE SW
County & State GWI NRI Operating Expenses Income
Seward, KS 0.12125 $1,894.21 (12mo)
Lease Name Type Operator Legal Description
Schartz 1 PWI Oil Producers T23S, R16W, Sec 8 C NE SE
County & State GWI NRI Operating Expenses Income
Pawnee, KS 0.0786625 $1,152.37 (12mo) $1,027.57 (12mo)
Lease Name Type Operator Legal Description
Schartz 2 PWI Oil Producers T23S, R16W, Sec 5 NW NW SE
County & State GWI NRI Operating Expenses Income
Pawnee, KS $1,178.71 (12mo) $1,687.68 (12mo)
Lease Name Type Operator Legal Description
Schartz B-1 PWI Oil Producers T23S, R16W, Sec 6 C NE SE
County & State GWI NRI Operating Expenses Income
Pawnee, KS
Lease Name Type Operator Legal Description
Schartz B-2 PWI Oil Producers T23S, R16W, Sec 5 C N2SW
County & State GWI NRI Operating Expenses Income
Pawnee, KS
Lease Name Type Operator Legal Description
Sims 1-36 PWI Oil Producers T23S, R16W, Sec 5 NW NW SE
County & State GWI NRI Operating Expenses Income
Seward, KS 0.12125 $1,587.02 (12mo) $623.74 (12mo)
This lot contains 41 partial working interests
Buyers Agreement to Purchase Properties In consideration of the mutual promises contained herein and other valuable consideration, thereceipt and sufficiency of which are hereby acknowledged, Buyer and Mid-Continent Energy Exchange,LLC agree as follows: Buyer agrees that any information provided by Mid-Continent Energy Exchange, LLC is basedupon representations made by the seller of oil and gas properties and that Mid-Continent EnergyExchange, LLC cannot guarantee the completeness, timeliness or accuracy of the information providedby the Seller. No information provided by Mid-Continent Energy Exchange, LLC or contained on itswebsite or any other communication constitutes investment advice. Any decisions based upon theinformation provided by Mid-Continent Energy Exchange, LLC shall be considered with this in mind andthe Buyer has the sole responsibility to do its own due diligence.
PURCHASE OF PROPERTIES: At auction, by sealed bid, or by other purchase or designated salemethod, a Seller may offer properties for sale with or without a minimum reserve sales price. Buyer canmake bids or offers on the property for sale. The Buyer with the highest bid or offer at the ending time andwhose bid or offer meets the minimum sales price (if any) or the Buyer whose bid or offer is accepted bySeller, will be obligated to purchase the property for that price. Buyer agrees to participate as a bidder inthe sale process for the sale of oil and gas properties and any negotiations following the sale process.BUYERS REPRESENTATIONS, AGREEMENTS, WARRANTIES AND ASSURANCES: Buyer agreesthat properties for sale through Mid-Continent Energy Exchange, LLC are not intended or considered tobe securities under the Securities Act of 1933, the Securities Exchange Act of 1934 and all applicablestate securities laws. Buyer hereby acknowledges and agrees that any sale of oil and gas royaltiesthrough Mid-Continent Energy Exchange, LLC is the process of putting a willing Seller in contact with awilling Buyer to facilitate the purchase of oil and gas properties. Buyer represents that he is asophisticated, accredited and qualified investor. Buyer represents, by executing this agreement, that aBuyer is (a) primarily engaged in the business of exploring for or producing oil or gas or other minerals asan ongoing business; (b) by reason of this knowledge or experience, the Buyer will evaluate the merits and risks of the properties to be purchased through Mid-Continent Energy Exchange, LLC and will forman opinion based upon Buyer’s knowledge and experience and not upon any statement, representation orprinted material provided by Mid-Continent Energy Exchange, LLC or its representative; (c) the Buyer isof legal age, has sufficient financial resources in order to bear the risk of loss attached to the purchase ofany property that Buyer bids upon; (d) Buyer has an annual income of $200,000.00 for any natural personin each of the two most recent years or joint income with the persons spouse of not less than $300,000.00in each of those years and has a reasonable expectation of reaching the same income level in the currentyear or Buyer has a net worth or a joint net worth with that persons spouse, at the time of his purchaseexceeding $1,000,000.00 or Buyer is a business entity with total assets in excess of $5,000,000.00, asshown by the business’s most recent prepared financial statements and has sufficient knowledge andexperience in business and financial matters to evaluate the merits and risks of the acquisition of oil andgas property. Buyer has a continuing duty to notify Mid-Continent Energy Exchange, LLC if Buyersubsequently fails to qualify as a sophisticated, qualified and accredited investor. Buyer agrees toindemnify and hold Mid-Continent Energy Exchange, LLC harmless from any and all violations ofapplicable securities laws that result from any misrepresentation of the Buyer being a sophisticated,qualified and accredited investor.
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BUYER’S DUE DILEGENCE AND INDEPENDENT EVALUATION: Buyer hereby acknowledges andagrees that it has the sole responsibility to examine all information concerning ownership and productionof the properties placed for sale through Mid-Continent Energy Exchange, LLC. Further, Buyeracknowledges and agrees that if it requires additional information concerning said properties, Buyer mustcontact Mid-Continent Energy Exchange, LLC or the Seller to obtain requested information prior to thebeginning date of the sale process. If Buyer makes a bid or offer on any property after making a requestfor additional information, Buyer waives the performance of that request. Buyer further agrees that it willmake an independent evaluation of the property and acknowledges that the Seller and Mid-ContinentEnergy Exchange, LLC have made no statements or representations concerning the present or futurevalue or the future income, costs or profits, if any, to be derived from the property. Buyer acknowledges inthat making a bid or offer in the sale process that Buyer has relied solely on its independent examinationof the premises and public records and that Buyer’s bids and offers are based solely on Buyer’sindependent inspections, estimates, computations, evaluations, reports, studies and knowledge of theproperties. Any and all information provided by Seller or Mid-Continent Energy Exchange, LLC in theproperty information sheet or data packages, as well as any other information provided by Seller or MidContinentEnergy Exchange, LLC, are furnished to Buyer at Buyer’s sole risk. Seller and Mid-ContinentEnergy Exchange, LLC do not warrant or represent as to the accuracy or completeness of the datapresented to the Buyer, and the Buyer agrees to indemnify and hold Mid-Continent Energy Exchange,LLC and Seller harmless from any reliance by Buyer on data provided by the Seller and/or Mid-ContinentEnergy Exchange, LLC.CONTRACT COMPLIANCE: Buyer hereby agrees to comply with all applicable joint operatingagreements, unitization agreements, communication agreements and other agreements that pertain tothe ownership of the subject properties. Buyer is fully responsible to obtain waivers of uniformmaintenance under joint operating agreements, if needed, and agrees to indemnify and hold MidContinentEnergy Exchange, LLC, and Seller harmless, if the same are not obtained by Buyer, or waivedby a third party.LESSER INTEREST: If Buyer discovers that the properties conveyed by Seller are of lesser interest thanwhat is represented on the property information sheet and associated data, or any modifications orchanges thereto, Buyer shall send notification to Seller within 60 days from the date of sale whichdescribes the difference in interest accompanied by adequate proof of said lesser interest. Buyer agreesthat within 30 days following the receipt of the notification, Seller will at Seller’s option and by writtennotice to Buyer, (a) refund a pro-rata share of the purchase price based on the amount of the interest losscompared to the total price paid for the full represented interest; or (b) Cure the defect that is attributableto the lesser interest; or (c) rescind the sale and Buyer shall reassign the same back to Seller free from any and all encumbrances of Buy-er and Seller will refund the amount paid by Buyer upon execution anddelivery of the assignment from Buyer to Seller.
Mid-Continent Energy Exchange, LLC shall be entitled to retain commission paid or payable by Seller andin all events, the Buyer’s sole remedy is against Seller.GAS IMBALANCES: Buyer acknowledges and agrees that properties on which it may bid or make offersmay be subject to gas imbalances pursuant to gas balancing agreements between working interestparties or in the absence of agreements between the working interest parties and the unit. All propertiesshall be sold without warranty on an “as is, where is” basis. No adjustment in the purchase price shall bemade as a result of an inaccuracy in the estimated gas imbalance amount disclosed by Seller. Seller shallprovide information it believes accurate to the status of gas imbalances for the offered properties, butneither Seller nor Mid-Continent Energy Exchange, LLC makes any representations or warranties as tothe accuracy of said information.
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ENVIRONMENTAL LIABILITIES: Buyer hereby acknowledges and agrees that after the date of thisassignment it is responsible for any and all losses attributable to any and all environmental events orimpacts, including without limitation, damage to property, injury or death of persons or things, naturalresource damage, environmental remediation and restoration, costs, fines, or penalties arising out of orattributable to the ownership, condition or operation of the properties purchased by Buyer.ROYALTY, OVERRIDING ROYALTY, WORKING INTEREST, CONTRACTUAL LIABILITIES ANDOPERATION LIABILITIES: Buyer agrees and acknowledges that any and all liabilities relating toobligations to pay royalties, contractual obligations under oil and gas leases, joint operating agreementsand liabilities associated with the ownership, condition and operation of the subject properties become theBuyers liability from the effective date of assignment. Seller shall be liable for its period of ownership priorto the effective date of assignment of the property.NO WARRANTIES (EXPRESS OR IMPLIED): Buyer acknowledges and agrees that it is acquiring theproperties, wells, equipment and other property located thereon from Seller without warranty whatsoever,express, statutory or implied as to the description, title, condition, quality, fitness for purpose,merchantability, or otherwise. Buyer acknowledges and agrees that neither the Seller nor Mid-ContinentEnergy Exchange, LLC, makes any representation or warranty whatsoever as to the physical condition ofthe property nor any statements or representation concerning the present or future value of theanticipated income, cost, or profits, if any, to be derived from the property. Buyer acknowledges andagrees that all property is sold on an “as is, where is” basis.TITLE: Buyer hereby acknowledges and agrees that it has the sole responsibility to examine allinformation concerning title to the property and to conduct its own independent evaluation to ascertain titleto the properties and satisfy itself that the title is marketable, defensible or acceptable. Buyeracknowledges and agrees that it will indemnify and hold Seller and Mid-Continent Energy Exchange, LLCharmless as to the accuracy of any documents of title to the properties. Buyer further acknowledges andagrees that neither Seller nor Mid-Continent Energy Exchange, LLC warrants title, either express orimplied, and that all title to property is on an “as is” basis.CLOSING: Buyer acknowledges and agrees that upon notification from Mid-Continent Energy Exchange,LLC, at Buyer’s successful bid or offer on Seller’s property, Buyer shall tender the total amount of fundsrequired to purchase the property to the designated escrow bank as determined by Mid-Continent EnergyExchange, LLC by either wire transfer, next day delivery or overnight mail, by certified check orpreapproved check from Mid-Continent Energy Exchange, LLC, or hand courier delivery service to thedesignated closing office, all within 48 hours of notification. Buyer agrees that all funds will be held inescrow until Seller provides all executed documents of conveyance to Buyer.
BUYERS DEFAULT: Buyer acknowledges and agrees that if it defaults for any reason, Mid-ContinentEnergy Exchange, LLC and Seller shall have all remedies available to them by Kansas law, includingspecific performance declaring the sale void and reselling the property, seeking damages from Buyer,including all costs and reasonable attorneys’ fees resulting from Buyers breach.LAW GOVERNING AGREEMENT: Buyer acknowledges and agrees that this agreement shall begoverned and interpreted in accordance with the laws of the state of Kansas and that proper venue forany disputes arising out of this agreement shall be Sedgwick County, Kansas.NOTICES: Buyer acknowledges and agrees that any notice provided or permitted to be given under thisagreement shall be in writing and mailed to the Buyer at the address appearing above, or to MidContinentEnergy Exchange, LLC at the address appearing above.
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