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RECEIVED
OQ AiRI! PH 1: 2
JEANN E NE
KEMMERER, WYOMING
ASSIGNMENT WITH RESERVATION OF PRODUCTION
PAYMENT AND NOTICE OF OPTIONS TO REPURCHASE
THIS ASSIGNMENT WITH RESERVATION OF PRODUCTION PAYMENT AND
NOTICE OF OPTIONS TO REPURCHASE (this "Assignment dated as of December 15,
1999, but effective as of the Effective Time (as defined below), is from EOG Resources
Acquisitions L.P., a Delaware limited partnership, whose address for notices is c/o EOG
Resources, Inc., 1200 Smith Street, Suite 300, Houston, Texas 77002 "Assignor to Tight
Sands 1999, L.P., a Delaware limited partnership, whose address for notices is c/o FC Energy
Finance I, Inc., 1 Bank One Plaza, 17th Floor, Mail Code IL1 -0502, Chicago, Illinois 60670
"A ssignee
Recitals
A. Assignor owns record and /or beneficial title to certain natural gas producing
properties located in the States of Mississippi, New Mexico, Texas and Wyoming.
B. Assignor has agreed to sell and convey such title in such properties to Assignee.
Article 1
Definitions
BOOK 44 -'4R PAGE 0 4 8
Lincoln County, Wyoming
1.1 Certain Definitions. Capitalized terms used herein, but not otherwise defined
herein, shall have the meanings assigned in the Purchase and Sale Agreement (as may be
amended, modified or supplemented from time to time, the "Purchase Agreement dated as of
the date hereof, but effective as of the Effective Time, between Assignor and Assignee, or, if not
defined in the Purchase Agreement, as defined in the Management Services Agreement dated as
of the date hereof, but effective as of the Effective Time, between EOG Resources, Inc. and
Assignee. As used herein, the following terms shall have the meanings set forth below, except as
otherwise expressly provided herein:
"Contingent Reversion Date" means the first day of the month immediately following
the date on which the total volume of Gas produced and sold from the Properties equals
63,500,251 MMBtus.
"Equipment" means all machinery, equipment, improvements and other personal
property and fixtures that are (a) either (1) owned by Assignor or (2) jointly owned by the
Assignor and another Person(s) under the Operating Agreements included in the Subject Interests
and (b) are attached or connected to the surface or the subsurface of the Wells.
"Gas" means all natural gas and other gaseous hydrocarbons in, on, under, produced
from or attributable to the Properties.
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050
(b) all of the following to the extent covered by Assignor's indemnity under
Section 8.1 or 8.5 of the Purchase Agreement:
(i) any undetermined or inchoate liens or charges constituting or
securing the payment of expenses which were incurred incidental to maintenance,
development, production or operation of the Properties or for the purpose of developing,
producing or processing oil, gas or other hydrocarbons therefrom;
(ii) materialmen's, mechanics', repairmen's, employees', contractors',
operators' or other similar liens or charges for liquidated amounts arising in the ordinary
course of business; and
(c) any liens for taxes and assessments not yet delinquent or, if delinquent,
that are being contested in good faith in the ordinary course of business and not in the aggregate
in excess of $1,000,000;
(d) any liens or security interests created by law or reserved in oil and gas
leases for royalty, bonus or rental or to secure compliance with the terms of the Leases;
(e) easements, rights -of -way, servitudes, permits, surface or use leases, and
other rights in respect of surface operations, pipelines, water disposal facilities, canals, ditches,
reservoirs, telephone lines, power lines, railways and other similar rights -of -way, on, over, or in
respect of the Lands;
(f) preferential purchase rights as to which (x) valid waivers have been
obtained or (y) the time periods for the exercise thereof have lapsed (without exercise) after
proper notice has been delivered to the holders thereof;
(h) all rights to consent by, required notices to, filings with, or other actions
by governmental authorities in connection with the sale or conveyance of the Properties if the
same are customarily obtained subsequent to such sale or conveyance and Seller knows of no
reason why they will not be granted;
(i) all Legal Requirements and any regulatory rights and powers reserved to
or vested in any governmental authority; and
(j) the Mortgage.
"Production Payment" means the production payment in and to the Properties that is
reserved unto Assignor and more particularly described in Attachment I hereto.
"Subject Hydrocarbons" means all Gas and other hydrocarbons in, on, under, and which
may be produced from, and/or which are attributable to the Properties.
608818.8
(g) the Operating Agreements included in the Subject Interests;
"Properties" is defined in Section 2.1.
-3-
Assignment with Reservation
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(ii) all Assignor's interest in other personal property (other than the equipment
described in subsection (c) of this definition of Subject Interests) upstream of the point at which
Assignor's share of production from each of the Wells is delivered for sale or exchange to a
person who takes title to such production at such point, which personal property is necessary or
convenient for the production, gathering, storage, transportation and/or disposal of Subject
Hydrocarbons, produced water, and other substances from each of the Wells, including but not
limited to, common facilities such as tanks, treaters, separators, compressors, gathering systems
and water disposal systems.
"Wells" means the wells described in Exhibit B INSOFAR AND ONLY INSOFAR as
the formations in such wells are described in Exhibit B, and which wells are located on the
Lands, and at a location on said Lands, as is more particularly described in the location plat, or
similar record, for each of such wells in the records maintained in the offices of the appropriate
oil and gas regulatory or conservation agency for the state in which each of such wells is situated
and identified by the API Number shown on Exhibit B.
1.2 Other Definitions. Other terms defined elsewhere in this Assignment shall have
the meanings so given them herein.
Article 2
Assignment
052
2.1 Properties. Subject to the exceptions and reservations of Section 2.2, Assignor,
for and in consideration of Ten Dollars ($10.00), and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, hereby grants, sells, transfers,
conveys, and assigns unto Assignee, its permitted successors and assigns, (a) the Subject
Interests and (b) all rights and obligations of Assignor existing at the Effective Time to take or
give disproportionate shares of make -up gas from or to third parties to correct production
imbalances under gas balancing agreements, or other statutory, contractual or common -law
rights and obligations, or under the non consent provisions of the Operating Agreements
included in the Subject Interests (collectively, the "Properties
TO HAVE AND TO HOLD the Properties unto Assignee, its successors and assigns, forever,
subject, however, to the matters in (i) this Assignment and (ii) the Purchase Agreement.
2.2 Reservations. Assignor excepts and reserves from this Assignment:
(a) the Production Payment described on Attachment I hereto, the terms of which are
a part hereof as if recited in full in the body of this Assignment;
(b) all other rights, title and interests in the wells described in Exhibit B as to all
formations and intervals in such wells not described in Exhibit B and all other rights, title and
interests in the Leases and the lands encumbered thereby to the extent not expressly granted
hereunder;
(c) the irrevocable license and right to use from time to time such Equipment and
fixtures as set forth in the definition of Subject Interests as is reasonably necessary for the
608818.8
-5-
Assignment with Reservation
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Article 3
Other Provisions
054
3.1 Successors and Assigns. Except to the extent permitted by Section 13.8 of the
Purchase Agreement, this Assignment shall not be assigned by either party without the prior
written consent of the other party. This Assignment shall extend to, be binding upon, and inure to
the benefit of, the parties hereto and their respective permitted successors and assigns.
3.2 Headings. The headings of the sections of this Assignment have been inserted for
the convenience of the parties, but shall not be considered in construing or enforcing this
Assignment.
3.3 Additional Information. Either party requiring additional information regarding
the Properties, the Permitted Encumbrance, or any other matter in this Assignment may contact
the other party at the address set forth above.
3.4 Separate Assignments. Separate assignments of the Properties from Assignor to
Assignee may be executed on forms approved by Assignor and Assignee, in sufficient
counterparts, to satisfy applicable statutory and regulatory requirements. Those assignments
shall be deemed to contain all of the exceptions, reservations, warranties, rights, titles, powers
and privileges set forth herein as fully as though they were set forth in each such assignment.
The interests conveyed by such separate assignments are the same, and not in addition to, the
Properties conveyed herein.
3.5 Further Assurances. The parties agree to execute and deliver such other
instruments or documents and to take such other actions as may be necessary or desirable to
effect the intent of this Assignment or further evidence the transfer of the Properties to Assignee.
3.6 Counterparts. This Assignment may be executed by the parties in any number of
counterparts, each of which shall be deemed an original instrument, but all of which together
shall constitute but one and the same instrument.
3.7 Rules of Construction. For purposes of this Assignment, including the
Attachments and Exhibits hereto, the rules of construction set forth in Section 13.13 of the
Purchase Agreement shall apply.
608818.8
[signature page follows]
Assignment with Reservation
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TIP.! ;9S0
STATE OF ILLINOIS
COUNTY OF COOK
The instrument was acknowledged before me on the 15 day of December, 1999, by John
M. Eber, a Managing Director of FC Energy Finance I, Inc., a Delaware corporation, as sole
member of Tight Sands G.P. 1999, L.L.C., a Delaware limited liability company, as general
partner of Tight Sands 1999, L.P., a Delaware limited partnership, on behalf of said partnership.
Notay9 Public, State of
My Commission Expires: '1 //a /o
OFFI C IAL SEAL"
KATHLEEN A. JAMES o
Notary Public, State of Illinois
My Commission Expires 9/12/02
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iCq `6661 `JaquzaoaQ Jo At') (o g j uo gut =Jag papajnnomjor srm luauttulsut sitjZ
'MOOD ao xir ino3
sioNI'I H 3o g,LY1S
608818.8
OS653 l
Exhibit A
Leases
[EOG to provide]
058
Assignment with Reservation
uopcuasag upM auamu8lssy
6 9 0
[apinoid o; Doa]
Sfl AY1
g 1pipptg
8'818809
0861i3 060
1. Any and all contracts for the gathering, transportation, processing, and sale of any subject
hydrocarbons produced from the Properties.
2. Letter agreement dated September 28, 1967, between American Petrofina Company of Texas
and Walter W. Krug (Contract No. K0012010).
3. Letter agreement dated August 30, 1965, between American Petrofina Company of Texas and
Frio -Tex Oil and Gas Company (Contract No. K0012006).
4. Agreement dated September 30, 1992, between Enron Oil Gas Company and Will -Drill
Production Co. (Contract No. K0020886).
EXHIBIT C
UOMIA.iasag IM At ivawu8!sSV
-I-
ivauzaissy aqll uI uual Trip pauatssE 2uiuuatu alp sEq „luaurdpibg„
°S•z uo13aag 111 tu.Ia3 Imp o3 pauS!sSE 2ulu1am aq3 sEq suoyonpay pgaa„
'£•Z uogoas ut 1111031Eg3 o3 pau2ISSE Fuiu1aur 043 nett spgaQ„
11110,E 3uaUZi(Ed uoi3onpozd aq3 Suunp `Joaaag3
uolpod JO `xeoA npuajEo 3uanbasgns ti n° puE `6661 `I£ ioquigoga g2no.Ig3 2uipuo xa puu
auil j anijoaJ3g am Tr 2uiuu!2aq .IEai( .repuoiro all Jo aouEjEq 043 suuauz 4 cvaa dvpualv3„
'3uauruilissy ag3 ui paugap sr Sjjam„ age arrow sllaAi s 4atfng„
•3uauraaiRy Sao!MaS 3uauza2EUEJA
alp ut „sanuanag S Uua3.ag1 o3 pau2!sSE 5uturatu alp srq sanuana?f s .tarfng„
°3uauIaissy aql Jo I uol3oaS gmtM aouEijdtuoo 111 salpado1d
age jo uoiuod g JO HE sagnboE i(j3uanbasgns oqM Suos.Iad JO uos.Iad .1044o Rui pug `sapiado.Id
alp Jo .red Jo jjE SUMO 3i 0 4M `4UQUIU2isSy alp uI paulBU oota!sSy age stream „daring„
j ajquoijddi ,(q pazinbai
Io pazumptir sE pasojo air SExas `uolsnoH .10 siouijjl `OSEJtgJ 111 SuOI3n4I4SUi S'unj11Eq IEUOi4Eu
goiqM uo Art) 1ag3o 30 `iEpuns `1Ep.In4ES E Sou Si goiqM iEp Atm Steam dv( ssaulsng
•(04PIIII y 541 io) .rou2issv gig
aoua3sTxa 3o uo13ESSao aq4 (u) Jo (aWijgjy SCI .TO) .IOURISSv Aq ;uauzaa.ay sootuos 4uauza2EuEy\
age 3o uoi3EUiuua3 all UEg4 .10440 U0SEa.i J U11 I0j `JaEUEyAj Sou Si sa4Eijgjy 53! JO QUO JO
JOU ISSlit' uagM UOt4EA.ras011 Sigt JO trial alp 2uunp au Aug suEaw pozJad algvazlddb
:papinoid i(jssaidxa as1M.1ag4o SE 4daoxa `Mojaq ga.IOj las
S U1U atu aqt anE4 j(Egs stuiam 2u1MOjjoJ ag3 `uia1.ag pasn sy •suoljtutfaa utvUa,J 1
'pagoE44E Si uogEi.Iasag
SI44 goi4M 04 („ivawu$lssy„ age) 3Uaut<(Ed uoponpo.Id JO uoi4En.rasa' ql!M 4uatuU$ISSy 0t
jo ved E sT („uoyvn.casag„ sIMM) .LNgJAIAW NOI13flUO Jd dO NOLLvAllaSg2I SIH,L
T90
SUO!31UgaU
i alati.iv
1NIIIAIAYd AIOI.LDIIQOIId AO NOLLVATIISDDI
4uauIXEd uoponpo.Id jo uoi3En.1asa21431M 4uaunaISSy 04
I 1,AIMAIHDV11V
T
8'818809
"Gas" has the meaning assigned to that term in the Assignment.
"Gross Revenues" has the meaning assigned to that term in Section 2.2(b).
"Management Period" means any time during the term of this Reservation other than
any Applicable Period.
"Management Services Agreement" means (i) that certain Management Services
Agreement, dated as of the date of the Assignment, but effective as of the Effective Time,
between EOG Resources, Inc. and Buyer, as the same may be from time to time amended,
modified, supplemented or restated, and (ii) any other agreement (other than the Operating
Agreements included in the Subject Interests) between Buyer and an Affiliate of Seller, including
any substitute for, or successor agreement to, the referred to Management Services Agreement,
concerning the matters covered by the referred to Management Services Agreement.
"Manager" means the Manager or its Affiliate designated in the Management Services
Agreement.
608818.8
"Month" means a calendar month.
"Non- Recourse Promissory Note" has the meaning assigned to it in the Purchase
Agreement.
"Operating Agreements" is defined in the Assignment.
"Payment Reserves" has the meaning assigned to that term in the Management Services
Agreement.
"PP Owner" means Seller, while it owns an interest in the Production Payment, and any
other Person or Persons who subsequently acquires all or a portion of such Production Payment.
"Production Payment" means the production payment reserved unto PP Owner as
provided in Section 2.8.
"Production Payment Term" means the period of time from the Effective Time until 7:00
a.m., local time at the location of the Properties, on the first day of the Month immediately
following the date on which the total volume of Gas produced and sold from the Properties from
and after the Effective Time equals 50,950,363 MMBtus.
"Production Proceeds Account" has the meaning assigned to that term in Section 2.1.
"Properties" has the meaning assigned to that term in the Assignment.
062
Assignment with Reservation
uo9enaasall qij ;uamua!ssy -M-
tuo4 .1aAng /Cq paniaoai spinotuu Xug guipnloul `suogagooipXH loafgns jo saps
ioj `Apoaiipul Jo Alloazip `ia/Cng (L•Z uoiloas gltnn lualsisuoo paniaoaa paulaap
Jo) panIaoaz uogR1apisuoo pr apnloul Ilggs sanuanag ssozo (I)
:Sulnnolloj am of loafgns aq pugs suogxgooapAH loafgns jo uogisodsip
JO alga AIM of loadsai Lili^n lun000y spaaoo1d uoilonpoid aLil of palip= aq of `(„sanuaitad
ssoA0„ alp paTTEO Alanipoalloo uta1ag `(luauzkEd uoilonpo1d atp UELiI iaglo) uogonpoid
lions of loadsai ui alquAgd suapznq iuliuiis mtpo put saillg/Coi 2u!pulano `sailgXoi
itE Suilonpap 1j `slunouzg lions) spaaooid ssoi2 3o lunoum aqj (q)
ioilisodslp Jo alas
Lions wog JoAng /Cq (L•Z uolloas Blinn lualsisuoo paniaoai patuaap Jo) paniaoa1 spaaooid
sso.i2 aLil `Jo pasodsip 10 Nos suog vocup/CH loafgns IF iod (g)
8'818809
pa -0,, agl AClantloalloo) Suinno11o3
gip Blinn (uoilioildnp lnoglinn) palipaio aq IIEgs lun000y spaaoo.id uotlonpo.zd agl `uoug u sag
situ Jo uual agl Suunp /Cluo pug uia.iag papino1d asinuatpo sE ldaoxg Z'Z
•uoi3Eniasa'
slip Jo suoIsinoId am pug saogouid Suqun000E pailddd /Cllualstsuoa put alginoog Blinn aougpi000g
u! („iunoaav spaaaodd uomonpo.rd„ aLil palpg° utaiag) lun000E uE pauiglureui pug pagsggqlsa
aq of asnuo .io uiElu1gtu pug gsilqulsa hugs xa/Cng 7unoaaj spaaao rd uoyanpo.4d I'Z
punoaay spaaaom uopanpoid
Z alail
•luatuu Issy 0ql ui pauaissE s2ulusatu 0Lil anug pugs
`paupap aspwaglo lou lnq `uialag pasn suual paz1lulidu3 utaiaq uuagl uan13 os sguuzgaui am
anEg Ilugs uollu/uasag sigl ui a1agnnasla pauyap suual zaLilp •suop ulfaa .0110 Z
•luaumaat8y saopuas
luatuaSrusyAI alp U1 uual 3Etll of pauF1ssE Sulugaul am soli sa/Liasa y IvJ1dv0 2upido
C90
•luatuaaay asEgo and 041 u1 uual pip 03 pauSIss1 BuIugaui agl sgg uos cad p rna„
•luatuuSissy all u! uual lgLil of pauSissr Sulugaux aql sug suovvao cpeCH pa fgng„
•dLgsJaullEd palitull a.remgIaG g `•d•I suop!smboy saomosag 9pg stream „da11ag„
•luatuaaay
saopuas luatua5Eugy\I 0Lil ul uual IELiI of pauSissg 2U!U10Uz all sgLi slso3 uosrad pJiuld„
•luatuaa1Sy
sooivas luatuaffgugy4I age ui uual lggl of pau2issE 2uiugaum alp sgq „a:va juauldnoaaj„
608818.8
064
production of Subject Hydrocarbons at levels greater than Buyer's ownership
percentage in the production attributable to the Properties.
(2) If any proceeds are withheld from Buyer, such proceeds shall not
be considered to be Gross Revenues until such proceeds are actually received by
Buyer.
(3) If a controversy or probable controversy exists (whether by reason
of any statute, order, decree, rule, regulation, contract, or otherwise) as to the
correct or lawful sales price of any Subject Hydrocarbons, then such amounts
received by Buyer and promptly deposited by Buyer with an escrow agent under
usual and customary terms, shall not be considered to have been received by
Buyer and shall not be included in Gross Revenues until disbursed to or on behalf
of Buyer by such escrow agent.
(4) Gross Revenues shall include all proceeds relating to any "non
consent" operations as to which Buyer is a consenting party, including all
proceeds relating to such "non- consent" operations which are in excess of the
proceeds that would have accrued to Buyer had all working interest owners
consented to such operations.
(5) Gross Revenues shall not include any amounts for Subject
Hydrocarbons lost in production or used by or on behalf of Buyer for
development, drilling and production operations (including gas injection, fuel,
secondary, or tertiary recovery, pressure maintenance, repressuring, or recycling
operations) conducted for the purpose of producing Subject Hydrocarbons, but
only so long as such Subject Hydrocarbons is so used, and during any Applicable
Period, only if the same are so used in conformity with good oil field practices.
(6) Any amounts deposited by the Manager in accounts for Working
Capital Reserves or Payment Reserves shall not be included in Gross Revenues
until, and then only to the extent, such deposited amounts are withdrawn by the
Manager from such accounts and not either (i) applied against costs and expenses
which would constitute Debits (but for the exclusion under Section 2.4(c)), or (ii)
in the case of Payment Reserves, refunded to the Person entitled thereto.
(7) Payments for Subject Hydrocarbons made in contemplation of
future delivery thereof shall not be included in Gross Revenues until the time of
actual delivery thereof.
2.3 Debits. Except as otherwise provided herein and only during the term of this
Reservation, the Production Proceeds Account shall be debited with the following (without
Assignment with Reservation
uopsensag yiu+ 3uamuS3ssV
-A-
aaUMO dd JO aaiCng icq poiinoui saxes, uv
as O dd pug ioXng uaampg aapunaaaq Sutsuu
uonESntj Aug u1tm uotioauuoo ut aaumO dd of 10 ng Aq pied slunoute .to aoAng
Cq pannout sasuadxa Aug pangap aq you jjetjs =Ill Imp pap1AoJd `.suogagooapXH
4oafgns so sp0000id Aug jo uoijnp sat JO luautt(Ed Suutnbaa ao `(uoa1ag1
paw!! Suipnjout) sioq o JO awing Act pau1 u1EUZ aouu tnsut .tapun paslnquttal
ao ptgd you satitjtggtj aa43o pug sapieuad `s3uatu2pnf SutAgd (ti) pqq `(spun]
pamonoq Suunoas suaui ugg31oipo stump uatj Sutpniout) suzrejo pug sSuipaaooad
angensiututpE `uofES14ti 21Itj13as JO Supansanut `Sutjpuuq (t) aoj (saotnaas
Suuaauusua pure Suqun000E `jESal ammo Suupnjouu) moo jp (Z)
•suopgaado !Tons papuasuoa saaumo lsaaanut Suppom jje pgq ao Rq pannout
wag ang4 pjnom moo oq jo ssooxo u! on t i o n i m i 1 d Sutjuasuoo E su aaAng
gotljm 01 se suogEaado „luasuoo -uou„ Aug of Sump.' moo jjy (j)
:guru, annoaJJg am gage auttuso spouad of pug `1042ta [TTim uogoatzuoo ut posn A4.10doad
ao 4uatudtnba Aug ao suogagooapAH 4oafgns atT3 `soWodoad aq3 o3 NEja! !Tons 4ua3xa ally of
Suumojjos jo jig (tt) pug `(sata.zadoad alp so uoquaado .10 uonga4stuttUpE `3ualuaSguulu
atT� u3!m pop 1oossu saSaggo pug sasuadxa `saaj juuot }uppg Aug Suupnjoxa nng)
salsa Sutpnjout `suot3tpuoo pug sUUa3 ajgquosuaa AHEIoaauruzoo uo `4uatuaa1Sy Sut,gaadO
ug so aouasgg 041 ut 10 111=00a2y Sut4gaadO !Ions aapun p0 140 age woo !Ions se
stsgq cures atl4 uo pa4Ejnojgo wino= ut an pug sat3zadoad !Ions ajggotjddE 3uautaaasy
Sut3gaadO lugnaja! 043 aapun satjzadoad all IsutgSE ajq o r qo age sasuadxa lions
3 43 3ua3xa a! 03 aunt, ant3o0JJg 043 IOgg 'mom S jo luauzuopuggE pug Su!SSnid
alp Sutpnjout `saujaadoad atT1 Sututg4ureuz pug Sutonpoad `Sut1gaado `Sutdoianap aoj
saultadoad am 03 ajq oojjE JO ajq 3nquug on 401gm sasuadxa jjE (i) `pa33a pug aoaoj tln3
ut 1ou s! 3uatuaa1Sy saounaas 3uauzaSEUBJAI aq1 Uosuaa Aug cos 3I (q)
•3uauuaa1Sy
Saounaas 3uauu0Sguew atT4 so (p)vg uot3oas ut paptnoad Xjssaadxa astmaamo sg uutp aatpo
4daoxa `as1a Aug ui `1uauraaasy saoinaas 3uauzasEUeJAj 013 aapun aaSEUBJA 013 03 gams
(q paaanouu wino= aatpo pug `sugoj Aug uo 3Saaa4ut tog; Hy (u) pug `saniadoad gip
04 ajggoojjE JO aiqunnqumE on uott(m (Iuatuaa1Sy saotnaas 4uauzaSgU14AI 044 u! paugap
Su tuua3 !Tons 4oga sg) mop ywd pug s3so3 uosaad patu.L Sutpnjout `sat3.zadoad 0144
of ajquoojjE Jo ajqulnqu44u ajE 140It4M 3Uauzaaasy SOOIAIas 4U0tU0suugj^j aq1 aapun j qaq
s uo aageueN alp paaanout s3Unouue 10!430 pug sasuadxa 'moo jig (t) `looJjo pug
aaaoj Huts ut s! luauuaaJSy saotnaas 4uauuaSuuuj^i am se Suoj os and (E)
oq) sataladoad am o1 padsoi u;tm aaAng pannout on Aa44 4ua3xa alp 03 pug se (uot3eogdnp
g9
8'818809
066
(4) All actual costs for processing, storing, transporting or marketing
Subject Hydrocarbons and the removal of contaminants (including carbon dioxide
and other impurities) or produced water and the disposal thereof.
(5) Any refunds required to be made by Buyer, including
compensatory interest, of all or any part of the sales price for any Subject
Hydrocarbons, whether by reason of any statute, order, decree, rule, regulation,
contract or otherwise, but in the case of refunds of amounts placed in the escrow
account in Section 2.2(b)(3), only to the extent the amount refunded exceeds the
amount placed in such escrow account.
(6) All royalties, shut -in royalties, minimum royalties, advance
royalties, delay rentals, surface damages and similar payments under Leases.
All cash payments to Third Persons to settle gas imbalances.
(8) All interest and penalties for prior period adjustments paid to
royalty owners and taxing authorities.
(c) For so long as the Non Recourse Promissory Note is outstanding,
all amounts paid or then payable by Buyer to the holder thereof with respect thereto.
2.4 Excluded Debits. Notwithstanding the provisions of Section 2.3, Debits shall not
include any of the following:
(a) Any amount which has also been used to reduce the amount of the
Subject Hydrocarbons or Gross Revenues or has otherwise not been included therein
(including royalties, overriding royalties, production payments and other charges
burdening the Properties as of the Effective Time, or production, severance, excise and
other taxes deducted, withheld or paid by any other Person).
2.5 Debit Reductions. The debits to the Production Proceeds Account shall be
reduced by the following (without duplication) "Debit Reductions
608818.8
(b) Any overriding royalty, production payment or other charge
burdening the Properties which was created by Buyer after the Effective Time.
(c) Any costs paid by the Manager out of the Working Capital
Reserves or Payment Reserves established under the Management Services Agreement.
Reserves.
(a) Any interest accruing on the Working Capital Reserves or Payment
-vi- Assignment with Reservation
uoneniasag im,N ivatua!ssd
'4uau.I ssv
aq� ui los se sogiadoid aqi ajqu4nqume uotaonpozd ut aeluaolad dtgslaumo
s ueg4 ssaj sjanaj se9 Jo uoijonpo.Td Jo ana.zlA Aq paniaoai slunotue ut sltogap
aAt4ejnumo Cu u .zoj luauzamas se slaumo 3salaVui 2utof tuolu s3diaoai )(try (g)
Ia�Cng oI pied Ajgiseajoput aIe
imp sup Cue Jo aotld sales jnTmej JO loa.uoo 01.11 04 su iCslano.uuoo ajgissod so ASJQA041103
E jo padsal ut spunjoi 3o 4uatuiCed I0j (£)(q)Z'Z uogoas 4uenslnd.lun000u M J3Sa
ue ut IaiCng Aq paaisodap sanuanag SSOID uo owoout Jaw JO 4salMul (S)
•UOS OI Cu e Io3 HOSIOd p.mj j e /ig IaAng wag piatjtram
sanuana21 ssol9 o4 poadsai ui ajgeAed s4unoure i01410 JO sai4jeuad Isola1u4 (1
go0l3g4 uotpod Cue JO saT4Iadold
aq� ut papnjout sasea7 ago ui ma'am 4oafgns aq4 jo ayes alp uzoij spaaooid ago Sutpnjoxa
�nq `sat4Iadoid alp gum uogoauuoo uI pasn Io uo pawooj sa.znlxg pue Apadoid jeuosiod
Ia pue `4uatudtnba `satjddns `sjeualeuz alp pug satuadold ago jo omi j ant1o9JJg
044 Joge dtgstaumo aq4 Jo an.Itn Aq 1o/ng Xq (L'Z uotloas Irann 3ua;stsuoo pantaoal
patuaap Io) pantaoai 9IU goIgm s3uajentnba gseo pug gsuo Iag4O jib'
'sa>?turp 10J suoslad pttgZ 4sureae
sumo pug s3uauz2pnf lie Jo spaaooid ago puu `i(iioalipul JO nj4oa.np `4un000y spaaoozd
uoionpold aq1 04 poSiego Si gotgm Jo 4500 ago `aouelnsut jje Jo spaaooid (z)
•(aum o4 0W4 wog
pazptun gig joalag4 spud JO IJEd Aug JO sagiadoid aq4 jt 4uauzdinba puu Xiiadold jeuoslad
ut 4uatuIsanuT Jo aouutulojuoo JO Cum icg IaAng ,Cq pantaoal ajge1nquie
s4unoure jje Sutpnjout) ma'am 4SalaIut Io joala I.ted Aug JO `SOInIxg Io iC4tadold
juuosiad Ia pue `4uauzdtnba `satjddns `Sjuua1utu Aug (Jo min. mina' Iua uno uag4
am `ales Act ueg4 Iag4o jo pasodstp ji 'Jo) Jo airs agl wag spaaooid 1aN (t)
:slgauaq xe4 Iag4o JO suotlonpap xe1 `541palo xe1 Aug Jo 4un000e
uo (A) JO `Sanuana)j 55019 ui papnjout si gotgm (x) suotjonpa21 woof ut papnjout aq Hulls
mot= ou Iegj paranoid `salliodold pa4oajje 044 JO3 I1.10u100l3V 5uileladp IueAajal 041 ut
paranoid si se stseq gums aq4 uo (a4uudolddu aim/A) pa1ejnojuo aq o4 s4unouze Lions tram
`(4uacuaa1Ry saotntas 4uauzaSeuUJAj aq1 ui I0j paranoid se palisodap 0Ie s4unotue Lions
uagm In000 o4 pauzaap aq 'papa puu aoloj iin3 ui Si 1uautaalgy saoInlas 1uatuaeUSIAI
age se Suoj os 10j `jjegs 4dtaoal gotgm) uuaZ 4uaulAed uotTonpold ago Suunp pue
aunts ant4oajjg ag1 .raga JoAng Aq paniaoai 0Ie (it) pup `sligau ui papnjout 910A goigm Jo
moo uoi4isinboe alp Xpadoid o1 Io suogluooipAlq 4oafgns 041 `saptadold a 03 amp.' (i)
gans mom ag1 o4 s4unotur 4uajuntnba tjsuo pue gseo Sutmojjoj 041 (q)
190
8'818809
608818.8
Assignment.
O S G
068
(c) Any amounts payable pursuant to Section 2.2(c) of the
2.6 Carry Forward. The amount of any Debit Reductions not applied against Debits
as a dollar- for dollar reduction in any Month, as provided in Section 2.7, may be deposited in
Working Capital Reserves, and when so deposited shall cease to constitute Debit Reductions. If
the Debit Reductions are not deposited in Working Capital Reserves as provided in the preceding
sentence, then the amount of such Debit Reductions not deposited shall be carried forward to the
next succeeding Month until applied against Debits and eliminated.
2.7 Accounting. All Debits which are attributable to costs and expenses incurred
during a Month up to and including the last day of such calendar month shall be debited against
the Production Proceeds Account on an accrual basis as of the last day of the applicable Month;
provided that such Debits shall be reduced (and not debited to the Production Proceeds Account)
by the aggregate amount of all Debit Reductions which have been received by Buyer as of the
last day of such Month and which have not previously been either (i) applied to reduce Debits
charged to the Production Proceeds Account or (ii) deposited in Working Capital Reserves by the
Manager. All Credits which are attributable to Gross Revenues received during a Month up to
and including the last day of such Month shall be credited to the Production Proceeds Account;
provided, that for purposes of determining Gross Revenues received during a Month, 70% of the
Gross Revenues accrued with respect to such month shall be deemed received in the following
month and the balance of such revenues shall be deemed received in the second following
month. The Production Proceeds Account balance shall be determined after the applications
provided for above have been made. If after the term of this Reservation there shall be an
addition, elimination or adjustment of amounts which constituted, or would have constituted,
Credits, Debits or Debit Reductions during the term of this Reservation, the Production Proceeds
Account balances shall be recalculated by Buyer giving effect to such additions, eliminations or
adjustments, and any resulting adjustment to the amount payable to PP Owner as the Production
Payment shall be settled by payment to PP Owner or to Buyer by the other, as appropriate,
promptly thereafter; provided, that, the aggregate payments by PP Owner to Buyer shall not
exceed the aggregate amount received by PP Owner hereunder.
2.8 Reservation. PP Owner hereby excepts from the Properties, retains and reserves
unto itself, its successors and assigns, a production payment (the "Production Payment in and
to all of the Subject Hydrocarbons in place, in, under and that may be produced from the Lands
and capable of being produced from the wellbores of the Wells, payable solely out of Gross
Revenues, equal to one hundred percent (100 of the credit balances existing in the Production
Proceeds Account from time to time as calculated under this Reservation (in accordance with the
terms of Article 2 hereof).
2.9 Title Warranty. Buyer hereby binds itself to warrant and forever defend all and
singular title to the Production Payment unto PP Owner and its successors and assigns against
-vill-
Assignment with Reservation
uo!as,113S3g IIMA1 IU WU !SSV
dd gltm ai iad000 pug `uiozpazam uomonpoid .io `sagIOdoxd OM padsaz gptm uosiad
pztgs g Tsui (JoSruew Act POliozwoo aou) 11 Act uiigjo Cue jo .zaump dd Ajijou Hugs zaAng
`Sutogazoj Sutpug1stfl!AV oM 'L'Z uoijoas jo aouapas Isgi zapun suogggtigo SIT pm zaAng
�Cg Oouggdtuoo uggll zamo `pouad ions Suunp luaUIJCgd uot3onpozd aq1 Jo uot1gz3stutuipg aqi
o� padsaz pm asug Arm goigm sutreio Aug zoj aigtsuodsai ion pioi lou limp pu `(Z'£ uopoas
zapun sluauard onp 3sgd uo isa.io ui zoj zaumO dd o3 Altitggq 2uipniout) aougnzasgo pug
aouguuojiod `uoggzisiutuzpe lions zoj Jamul of Atoms Nooi Kris 1! `pouad luautaStugw am
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zaum0 dd o3 /cud saaz& Xgaiog zaiCng pug `Iraq imp onp uagm 4uauiAgd uoijonpozd a I3
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azojaq JO uo zaumO dd apgui oq imp 1uauIICgd uoponpozd amp 3uauard `4uaulowls lions Rue
icq po oaijaz st aougigq }ipazo g jJ .pa3gutuiga pug sltpazj Aq losjjo wag Ongg s3tgou Tau ions
mun plow Suip0000ns 3XOU zoj pzgmzoj pall= oq 'tuts 3uauza313s qons Aug Aq popol az
sngoct tau Xuy lsanbaz Aigguosgaz auiij auitj luau [Eggs zaumO dd sg saaugjgq 3un000y
spaaoozd uoijonpozd Jo uoi }ginoigo aim 03 pa3giaz sire3ap 2uijun000g zag1tni ions pug tops gons
o� padsaz g3tm pred saxBZ 'Nos azam sautnion tons gOtgm 3g saoud aq3 'Nos suogJEOOZpAH
3oafgns Jo sauinion ag3 `aun000y spaaoozd uot3onpozd aim 03 s3tgaQ pug sppaij 3o sum!
am Suiire3ap pug `g3uow !Tons JO Xgp 3sgi ag1 uo ssautsnq 3o asoio Oq3 Jo sr 3un000d spaaoozd
uogonpozd jo saoueigq age 2utmogs 3uauz03g3s pojn op B zaum0 dd o3 `pagsiuittJ aq o�
asneo JO `gstuznj limp zaXng `tuns, 3uauitCgd uot}onpozd aim Suunp g3uow goga Jo ArQ ssautsnq
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O &t_i: i31.i
Owner in the prosecution of such claim, or the PP Owner's prosecution of a similar claim as to
its interest in the Subject Hydrocarbons.
Article 4
Operation of the Properties
4.1 Non Applicability. During the Management Period, (i) Manager shall be Buyer's
designated agent (which appointment is irrevocable) for the purpose of exercising any consents
or non consents to operations under Section 2.5 of the Management Services Agreement, or
making any proposals under Section 2.3(h) of the Management Services Agreement, and (ii) the
following provisions of this Article 4 shall not apply, and Buyer shall have no obligation or
liability to PP Owner in respect thereof.
4.2 Duties of Buyer. Buyer shall take such actions and exercise such rights and
remedies as would a reasonable prudent non operator (who may currently benefit from Section
29 Tax Credits), acting in accordance with the Prudent Operator Standard, to take or exercise to
cause the actual "operator" to perform its obligations and duties under the Operating Agreements
included in the Subject Interests, or, with respect to those properties where Buyer is the
"operator," Buyer shall act as would a reasonable prudent operator (who may currently benefit
from Section 29 Tax Credits) owning such Properties, acting in accordance with the Prudent
Operator Standard, in performing its obligations and duties under such Operating Agreements.
4.3 Right to Pool. Buyer shall have the right and power, exercisable only during the
period provided in Section 4.4, to pool or unitize any of the Properties and to alter, change,
amend, or terminate any pooling or unitization agreements heretofore or hereafter entered into,
as to all or any part of the Leases included in the Subject Interests, as to any one or more of the
formations or horizons thereunder which is included in the Properties, upon such terms and
provisions as Buyer shall, acting in accordance with the Prudent Operator Standard, reasonably
determine. If and whenever through the exercise of such right and power, or pursuant to any
Legal Requirement, any of the Properties are pooled or unitized in any manner, the Production
Payment, insofar as it affects such Properties, shall also be pooled and unitized.
4.4 Duratian, Buyer's power and right to pool and unitize the Properties and the
Production Payment shall be exercisable and enjoyed only during the period of the life of the last
survivor of the descendants of Joseph Kennedy, father of the late President of the United States,
living on the date of execution of this Reservation, plus 21 years after the death of such last
survivor.
Article 5
Other Provisions
5.1 Government Regulations. All obligations of Buyer hereunder shall be subject to
all applicable Legal Requirements.
608818.8
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0 ;'o
Assignment with Reservation
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NOIIVNIY�i2idl 2I I1dY •NOIIYAIIHSaI SIHI ?IdUNl1 SINROYAVY ANY dO INdJnTAVd
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pa fgns paldaaoe pue apgtu si uoile uosag stgl 'juawaa i .8y asvrga and of pa!gnS b' S
lTSutp000e palea.zl pup patulsuoo aq Help uotlgn.zasaj siqu Jo suoisinold He pug 'Osamu!
Jaiilo iCuu Jo 1SgJalui $utppiano Isamu! guppom a se uUtp iagp.z) ouazagl �uileiai
i(luotpne ipiaipnf pue suotuein20.i aril pug apoj alp 3o 2uiueam aril uupu suognooipXJ loo fgns
aril ui luatuXed uollanpoid se paleail ag satuil He lg TTegs iouatssy pa uosai uiaiaq luau /cud
uoponpo1d alp Imp pualut ola Tag sallied ail `uoiuippp uI 'uoilaaia Lions glim lualsisuoaui uotlisod
Xup a}igI oI uou aaz2e pue `apo3 alp so y ajltugng `T ioldeqo `N iaudggogns so uotlgaiidde
ail wog papniaxa ag oI pia Titm sapied aqI 'Am Ag pauutuuad Iualxa aqI oi uaqu `sasodtnd xml
atuoaut ieiapal .iol digsiatund e. alnliusuoa oI pauiaap a.ie man!" sawed ail `lonamog `3I 'Xped
iaglo alp `qutm dtgsxauu.i d u! JO 10 luaSu aqI (sasodznd xmu atuoau! .IOU Jo AVM alplS iapun) olai q
i .Igd 1atpI0 alnlilsuoo of patulsuoo ag Timis pautmuuoo uiaiaq 2unpoN 1ua ;uj £•S
'sasodmd Tie zoj satuadoid aqI II!
Isazalut Suilpiadouou a Outluazo se sasodhnd HE .ios pate suoa ag iCTantsniauoa Hugs uotlennsag
sigl pue) aunutusuoa IIegs luauDCed uotlanpo1d aqI •Jsara!ul eCrossassod -uox z.
OS6`3311. 072
Subject to the restrictions on Buyer's transfer contained in the Purchase Agreement, all of
the terms and provisions of this Reservation shall extend to, be binding upon, and inure to the
benefit of the parties hereto, their respective permitted successors and assigns.
608818.8
Article 6
Successors and Assigns
Article 7
Term
This Reservation shall remain in force during the Production Payment Term. From and
after the end of the Production Payment Term all rights, titles, interests, powers and privileges of
PP Owner under this Reservation not already accrued to PP Owner shall be vested in Buyer, its
permitted successors and assigns. Upon request of Buyer, PP Owner shall promptly deliver a
duly executed and acknowledged instrument in recordable form acknowledging the termination
of the Production Payment.
[END OF ATTACHMENT I]
Assignment with Reservation
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3.LL318fS £Z1 Dd 4E X8 17561/10/50
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N1ODNI1 OE Dd OE X8 17561/10/90
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N1ODNI1 ZE Dd ZE X8 8561/10/L0
N1ODNI1 ZE Od ZZ X8 8461/1020
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EXHIBIT "A"
SUBLETTE AND LINCOLN COUNTIES, WYOMING
0000050283 -000
0000050284 -000
0000050286 -000
0000050290 -000
0000050295 -000
0000050296 -000
0000050297 -000
0000050298 -000
0000050299 -000
0000050303 -000
0000050306 -000
0000050307 -000
0000050311 -000
0000057809 -000
Section 5:
Section 8:
Section 9:
Section 17:
Section 18:
Section 19: ill
Section 20: II
Section 30: A
Section 31: All
Sublette County, Wyoming
Resurvey Lot 37:
Resurvey Lot 38:
Resurvey Lot 39:
Section 2:
Section 3:
Section 10:
Section 11:
Section 14:
Section 15:
Section 22:
0000050277 -000
0000050278 -000
0000050292 -000
1: W nd\denvm1tgslnnal dentpleipla rwu, dac
12/14/99. 2:39 PM
USA EV- 025440
USA EV- 025440 -A
USA W- 036054
USA W- 047412
USA W -05751
USA W- 05751 -A
USA W- 059584
USA W- 059584 -A
USA W- 059585
USA EV- 08051 -B
ST WY 0 -11141
ANDERSON L MCGINNIS, ET UX
USA W- 048781
USA W- 059091
NSOFAR AND ONLY INSOFAR AS THE ABOVE DESCRIBED OIL AND GAS LEASES COVER AND AFFECT THE LANDS IN THE
L 'tEEN RIVER BEND UNIT SEVENTH REVISION OF CONSOLIDATED FRONTIER PARTICIPATING AREA "A -B" MORE
.RTICULARLY DESCRIBED BELOW:
w ;hip 26 North, Range 112 West, 6 P.M.
6: All
All
Sect i 3: All
Sectioi '9: Lot 1, NENW, N2NE
Lincoln ')u ty, Wyoming
Township P rth, Range 112 West, 6 P.M.
Section 4: S2S2
SESE
E2E2
All
\11
Lots 3, 4, S2NE, E2SW, SE
Township 26 North, Range 11 t \Vest, 6'" P.M.
All (All c `Original Sections 1, 12, and 13)
All (N2N2 of Original Section 24)
All (S2N2 u.`Original Section 24)
All
Lots 1, 8, 9, E.:SE, SWSE
NE, S2
All
All
All
N2N2
Section 23: Uot 1, NWNE, N2NW
Lincoln County, Wyoming
Township 27 North, Range 113 West. 6' P.M.
Section 27: NE, NENW, N2SE, SESE
Section 34: E2E2
Section 35: All
Section 36: All
Sublette County, Wyoming
B. TENTH REVISION OF CONSOLIDATED BAXTER PARTICIPATING AREA "A -B"
LINCOLN AND SUBLETTE COUNTIES, WYOMING
LEASE NO. LESSOR
USA EV- 023313
USA EV -023313 -C
USA W- 050961
Page 2 of 4
03/01/1955 BK 34 PG 119 SUBLETTE
03/01/1955 BK 34 PG 117 SUBLETTE
04/01/1956 BK 34 PG 115 SUBLETTE
09/01/1958 BK 34 PG 113 SUBLETTE
06/01/1956 BK 34 PG 97 SUBLETTE
06/01 /1951 BK 34 PG 111 SUBLETTE
03/01/1956 BK 33 PG419 SUBLETTE
03/01/1956 BK 34 PG 109 SUBLETTE
07/01/1947 BK 34 PG 107 SUBLETTE
04/01/1958 BK 34 PG 103 SUBLETTE
05/16/1951 BK 34 PG 99 SUBLETTE
12/26/1956 BK 34 PG 101 SUBLETTE
06/01/1956 BK 41 PG 98 SUBLETTE
08/01/1949 BK 41 PG 100 SUBLETTE
LEASE DATE RECORDING
02/01/1948
02/01/1948
09/01/1962
BK 286 PG 640
BK 286 PG 640
BK 24 PG 335
COUNTY
LINCOLN
LINCOLN
LINCOLN
074
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ZLZ Dd 1Z 71S
LIZDd81 X18
LIZDd NEI
6E Dd ZZ X18
ZE Od ZE NH
ZZ Od ZZ x8
ZZ 9d ZZ X18
b££ Od 51 NB
IEE Dd 51 NET
ESE Oct 61NiB
E4SDdSE )l
6E4 Dd ZZ )1H
049 Dd 98Z NIH
1561/91/50
9561/10/EO
9561/10/£0
1561/10/90
SS61 /l0 /E0
4561/10/50
4561/10/50
4561/10/50
4S6I /10/50
9561/10/11
8561/91/10
1561/91/50
8461/10/Z0
14111-0 AM LS
V-48S650-M VSn
48560 VSn
V-15L50-M VSn
V 0445Z0 A3 Vsn
V VSn
0145Z0 VSn
L045Z0 M VSn
V M VSn
Xn 13 XlIV■ 3 NHOr
949ZZ AM IS
4E111 AM IS
590Z50 VSn
DNII4IOAM `saumnoa N IODNII'I aNV aJuarmas
4 0 .LIUIIIXa
000
000
000-L6Z0500000
000-96Z000000
000
000 Z8Z0500000
000 1 8Z0S00000
000-08Z0500000
000
000-4ZE000000
000
000
000
T 9 5 0
0000050140 -000
0000050141 -000
0000050142 -000
0000050143 -000
00.00050144 -000
0000050145 -000
0000050147 -000
EXHIBIT "A"
SUBLETTE AND LINCOLN COUNTIES, WYOMING
ST WY 0 -847
USA EV- 09561 -A
USA EV- 021978
USA EV -07555
USA EV- 07671 -A
USA EV- 07671 -B
USA W -48907
INSOFAR AND ONLY INSOFAR AS THE ABOVE DESCRIBED OIL AND GAS LEASES COVER AND AFFECT THE LANDS IN THE
NORTH LABARGE DEEP UNIT INITIAL FRONTIER PARTICIPATING AREA MORE PARTICULARLY DESCRIBED BELOW:
Township 27 North, Range 113 West, 6 P.M.
Section 4: Lots 2, 3, 4, SWNE, S2NW, SW, W2SE
Section 5:
Section 8:
Section 9:
Section 16:
Section 17:
Section 20:
Section 21:
Lot 1, S2NE, S2
All
W2E2, W2
All
NE, E2NW, NESW, SE
NE
N2N2
Sublette County, Wyoming
Township 28 North, Range 113 West, 6'" P.M.
Section 32: Lot 6, NESE
Section 33: Lots 1, 2, 3, 4, NE, S2NW, N2S2
Section 34: Lot 1, W2NW, NWSW
Sublette County, Wyoming
B. LEASE WELL
LEASE NO. LESSOR
0000050134 -000 USA W -0256493
INSOFAR AND ONLY INSOFAR AS THE ABOVE DESCRIBED OIL AND GAS LEASE COVERS AND AFFECTS THE LANDS MORE
PARTICULARLY DESCRIBED BELOW:
NLB 36 -33 Well
Township 28 North, Range 113 West, 6 P.M.
Section 33: NWSE
Sublette County, Wyoming
1: u. nawenw «1tg,\rna1aenrptee.ts&Ieuu.mc
12/14/99, 138 PM
Page 4 of 4
06/16/1936 BK 89 PG 370
06/20/1932 BK 89 PG 65
01/01/1940 BK 89 PG 119
01/01/1940 BK 89 PG 70
12/29/1939 BK 89 PG 125
12/29/1939 BK 89 PG 125
01/01/1940 BK 89 PG 76
LEASE DATE RECORDING
06/01/1947 BK 88 PG 789
SUBLETTE
SUBLETTE
SUBLETTE
SUBLETTE
SUBLETTE
SUBLETTE
SUBLETTE
COUNTY
SUBLETTE
076
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WELLNAME
EOGR Number
API Number
Producing Interval
1/4 1/4
SEC
TWP
RGF
GRB 49 -19
009561000002
490350530100
Baxter
SESE
19
27N
112W
GRB 50 -30
009563000002
490352005400
Baxter
LOT 3
30
27N
112W
GRB 66 -17
009580000001
490352062100
Frontier
SWNE
17
27N
112W
GRB B 19 -19
021932000001
490352115700
Baxter
LOT 2
19
27N
112W
GRBU 3 -31
009543000002
490350502400
Baxter
NWSE
31
27N
112W
GRBU 6 -30
009573000002
490350518400
Baxter
SWSE
30
27N
112W
GRBU 29 -30
009541000002
490350527900
Baxter
NENW
30
27N
112W
GRBU 38 -36
009550000002
490350516200
Baxter
SENE
36
27N
113W
GRBU 39A -31
009551000002
490350508100
Baxter
SENW
31
27N
112W
GRBU 68 -30
009583000002
490352053400
Baxter
NESW
30
27N
112W
GRBU 69 -19
009584000002
490352053500
Baxter
NENW
19
27N
112W
GRBU 70 -19
009586000002
490352054100
Baxter
NESW
19
27N
112W
GRBU 74 -31
009590000003
490352057300
Baxter
E2SW
31
27N
112W
GRBU 75 -31
009591000002
490352057700
Baxter
LOT 2
31
27N
112W
GRBU 98 -27
001521000003
490352107600
Frontier 1
NWNE
27
27N
113W
GRBU 99 -27
009616000003
490352097100
Frontier
NENE
27
27N
113W
GRBU #100 -35
009520000002
490352097400
Frontier 1
NWNW
35
27N
113W
GRBU #B 4 -36
019753000001
490352111200
Baxter
NESW
36
27N
113W
GRBU #B 5 -36
019754000001
490352111100
Baxter
NESE
36
27N
113W
GRBU #13 11 -30
021396000001
490352114300
Baxter
LOT 2
30
27N
112W
GRBU #B 13 -30
021397000001
490352114900
Baxter
SESW
30
27N
112W
GRBU #B 14 -31
021398000001
490352114200
Baxter
LOT 3
31
27N
112W
GRBU #8 18 -19
021730000001
490352115100
Baxter
LOT 4
19
27N
112W
NLB 36 -33
004655000003
490352082000
Baxter
NWSE
33
28N
113W
NLBU #27 -17
004646000002
490352048400
Frontier 1
NENW
17
27N
113 W
NLBU #30 -16
004649000002
490352076700
Frontier 1
NESE
16
27N
113W
NLBU #33 -17
004652000002
490352082200
Frontier 1
NESW
17
27N
113W
NLBU #34 -21
004653000002
490352080100
Frontier 1
NWNW
21
27N
113W
NLBU #35 -34
004654000002
490352083400
Frontier 1
SWNW
34
28N
113W
NLBU #36 -33
004655000002
490352082000
Frontier 1
SWNE
33
28N
113W
NLBU #38 -08
0046570 0Q002
490352083200
Frontier 1
NWNW
8
27N
113W
NLBU #39 -17
004658000002
490352083100
Frontier 1
NENE
17
27N
113W
NLBU #40 -33
001578000002
490352103200
Frontier 1
NENE
33
28N
113W
NLBU #44 -34
004663000002
490352096500
Frontier 1
SWSW
34
28N
113W.
NLBU #45 -33
004664000002
490352096700
Frontier 1
LOT 3
33
28N
113W
NLBU #46 -33
004665000002
490352098300
Frontier 1
NWNE
33
28N
113W
NLBU #48 -04
004666000002
490352097200
Frontier 1
NWSE
4
27N
113W
NLBU #49 -09
004667000002
490352097300
Frontier 1
NWNE
9
27N
113W
NLBU #51 -16
019808000002
490352111800
Frontier 1
NENE
16
27N
113W
NLBU #52-16
001541000002
490352104000
Frontierl
NWSE
16
27N
113W
NLBU #53 -21
001542000002
490352105900
Frontier 1
NENW
21
27N
113W
NLBU #54 -20
001543000002
490352108400
Frontier 1
SWNE
20
27N
113W
NLBU #56 -17
004670000002
490352098700
Frontier 1
SENW
17
27N
113W
TGS Exhibit 'B'
Sublette County, Wyoming
Page 2 of 3
0'78
WELLNAMF
EOGR Number
API Number
Producing Interval
1/4 1/4
SEC
TWP
RGE
NLBU #57 -33
001544000001
490352108300
Frontier 1
LOT 1
33
28N
113W
NLBU #58 -04
022094000001
490352116200
Frontier 1
NWNW
4
27N
113 W
NLBU #59 -09
001079000002
490352099700
Frontier 1
NWNW
9
27N
113W
NLBU #61 -16
022077000002
490352116000
Frontier 1
NENW
16
27N
113W
NLBU #65 -33
022079000001
490352116600
Frontier 1
SWSE
33
27N
113W
NLBU #66 -04
022096000001
490352116100
Frontier 1
NESW
4
27N
113W
TGS Exhibit 'B'
Sublette County, Wyoming
Page 3 of 3
079