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MONTAGUE TX - BARNETT SHALE Producing Royalties 3 Producing Royalty Interest Wells Located in MONTAGUE (TX) 2601 Network Boulevard ~ Suite 404 ~ Frisco, Texas 75034 Phone: (866) 454-6107 | Fax: (214) 975-2526 | Email: [email protected] WWW.OAKTREEMINERALS.COM

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Page 1: MONTAGUE TX - BARNETT SHALE Producing Royaltiesinfo.mceeauction.com.s3.amazonaws.com/PacketInfo/... · MONTAGUE TX - BARNETT SHALE Producing Royalties Check Revenue Statement Average

MONTAGUE TX - BARNETT SHALE Producing Royalties

3 Producing Royalty Interest Wells

Located in MONTAGUE (TX)

2601 Network Boulevard ~ Suite 404 ~ Frisco, Texas 75034

Phone: (866) 454-6107 | Fax: (214) 975-2526 | Email: [email protected]

WWW.OAKTREEMINERALS.COM

Page 2: MONTAGUE TX - BARNETT SHALE Producing Royaltiesinfo.mceeauction.com.s3.amazonaws.com/PacketInfo/... · MONTAGUE TX - BARNETT SHALE Producing Royalties Check Revenue Statement Average

MONTAGUE TX - BARNETT SHALE Producing Royalties

Property Summary

The assets in this package are located in the Barnett Shale within Montague County, Texas.TheBarnett Shale enjoys the title of the second largest shale gas play in the country, being the playthat started the United States’ gas shale boom. With the proliferation of horizontal drilling andfracking technology, the Barnett Shale has extended into 24 counties with tens of thousands ofproducing wells. Additionally, the Barnett continues to see strong production numbers, makingup 31% of Texas gas production and containing 40 trillion cubic feet of natural gas. Gasproduction continues to be around 2 trillion cubic feet per year.

• 3 Producing Wells

• 3 Horizontal

• Royalty Interest

Package Details

• MONTAGUE (TX)

• Formation(s)

• 7.10% - Oil

• $43.58 Per Month

• Cash Flow Represents 100.00% of Check Statements

• 0 Vertical

Location

• BARNETT SHALE

Production Breakdown

• 47.20% - Gas

• 45.70% - NGL

Cash Flow

• EOG RESOURCES, INC.

Operator(s)

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Package Contents

MONTAGUE TX - BARNETT SHALE Producing Royalties

Check Revenue Statement

Check Statements

Maps

Production Graph

Source Assignments

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Check Revenue Statement

MONTAGUE TX - BARNETT SHALE Producing Royalties

Page 5: MONTAGUE TX - BARNETT SHALE Producing Royaltiesinfo.mceeauction.com.s3.amazonaws.com/PacketInfo/... · MONTAGUE TX - BARNETT SHALE Producing Royalties Check Revenue Statement Average

Operator Nov-2018 Dec-2018 Jan-2019

MONTAGUE TX - BARNETT SHALE Producing Royalties

Check Revenue Statement

Average

Production Months

EOG RESOURCES INC $35.00 $49.98 $45.75 $43.58

* Cash flow reflects the sale of 100.00% of the assets shown on the check statements paid by

EOG RESOURCES INC in this package.

$35.00 $49.98 $45.75 $43.58Package Totals:

* Note: Blank boxes indicate no revenue data available for that month

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Check Statements

MONTAGUE TX - BARNETT SHALE Producing Royalties

Page 7: MONTAGUE TX - BARNETT SHALE Producing Royaltiesinfo.mceeauction.com.s3.amazonaws.com/PacketInfo/... · MONTAGUE TX - BARNETT SHALE Producing Royalties Check Revenue Statement Average

PageACH Adv lCC# (l0812537~7 Own.:r# 195007 ACH Advice Dale 10 19-03-12

Copyright It! JO\6 Transzap Inc All rights reserved, This con lent is provided subject to the limited license described in the General Terms and Conditions .!

NO PORTIONOF THIS CONTENTMAY BE COPIED. REPRODUCED. INCLUDED IN DERIVATIVEWORKS. TRANSFERRED. SOLD. SUB-LICENSED PUBLISHED. DISTRIBUTEDOR OTHERWISEMADEAVAILABLETO ANY 1HIRDPART>WITHOUT THE EXPRESSWRITTEN PERMISSIONOF TRANSlAP.INC

~eo9 resourcesEOG RESOURCES, INC.

BILLY J CORDLE1103PEACHFARM RD LOT 4ASHFORD, AL 36312

ANY APPLICABLECOMMENTS. PRODUCT TYPE. TAX CODE. DEDUCT CODE AND INTEREST TYPE CROSS REFERENCESARE LOCATEDAT THE ENDOF THIS DOCUMENT.

ACH ADVICE NO.. 0081253787 OWNER NO.: 295007 ACH ADVICE DATE 03112/2019

PROD I PROD QUANTITY I VALUE I TAX I TAX I OTHER I DEDUCT I NET PRICE I GROSS T TAX I OTHER I NETDATE TYPE BBLS/MCF CODE DEDUCTS CODE VALUE VALUE DEDUCTS VALUE

DYLAN A UNIT # 1H PROPERT¥15203-000 DECK 17 INTTYPE2 n OWNERINT 0.00124218 SE'I'lLEMENT!NT 0.0012421801/19 'I 1.574.7~ 7.733.77 4R.25 SV -4S.25 TR 7.733.77 3.00 9 (,0 0,06 -0.06 9 (,101/19 21 63.59 FI .6359 (I.OX -O,OX01119 ]1 X78.32 TI -~7X,31 109 -10'01/19 ]1 l.lX4.03 TX -1.I~4,0301/19 21 1.204.34 PI -1.204.34 149 -I ~'01119 ]1 1.565.53 1'] -U65j~01/19 33 4.30 IR6.63 R.5X SV 1?X.05 43.40 0.23 0,01 02101119 7U 437.13 9.40X.69 72 13 SV -72.13 TP 9.40X.69 2152 11.69 0,0901/19 70

-() 09 11691.919.61 T2 -1.919.61

01/19 70 1.246.02 T7 -1.246,02 279 -279STATE-COUNTY:TX - MONTAGUE PROPERTYTOTAL ----------------- --------- ---------

21.52 0.17 5.30 16.05DYLANA uNIT illH -". PROPERTY15204.000 DllClu7'4 INTTYPE2 !111 oWfIBR iI!jT O,OO~24218 SETIl.EMENT INT 0.0012421801/19 'I 3.707.35 11.116.00 X9.10 SV -X9.10 TR 11.1160001/19 ]1 3.00 13.Rt 0.11 -0.11 13:-11

01/1991.56 FI -91.56 0.11 -lUI21 1.26466 TI -1.164,66

01/19 ]1 l_57 -1.5701/19 21

1.721.37 IX -1.721371.734.09 PI

01/19 21-1.734,09 2.15 -1 15

01/192.254.16 P2 -1.154.16

.'.' 6.59 1~6, [I 13.16 SV01/19 70 641.01 13.RIG':;X

172.95 43.42 0.36 0.01 o 3.:1-135. r I SV -135.11 TP D.XI6.3X01/19 711 21.52 1716 0.17 -017 17.16or/19 711

43)7.99 T2 -4.337.99:.;337.15 T7 -3337.15 ~ 14 -4.1~

------------------------- GROSS -------------------------- -------------------- OWNER -------------------

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Page

ACH Advtccs nON125371(7 Owner# 295007 ACH Advice Dale 2019-03-12

______________________ GROSS --------------------------------___________________OWNER -----------------

PROD I PROD QUANTITY I VALUE I TAX I TAX I OTHER I DEDUCT I NET PRICE I GROSS I TAX I OTHER I NET

DATE TYPE BBLS/MCF CODE DEDUCTS CODE VALUE VALUE DEDUCTS VALUE

STATE.COUNTY:TX - MONTAGUEPROPERTYTOTAL 31.33 0.30 7.69 23:

fll/19 .1 1.819.66 5.467.04 32_71 SV -32, I TR .04 3.00 4.4) 0.0) -0.03 44_

Dill(_) 2144.94 FI -44_94

fl.(l4 -IU14

01/19 21 620.73 TI _620.73 0.51 -0.5

fllll9 21 799.69 rs -799.69

01/19 21 851.14 PI -851.14 0.69 .0.1';"

Olfl(_) 21 1.106.40 Pl -1.106.40

01/19 33 1.98 86.10 3.96 SV 8114 43.49 0.07 0(1-

fll/19 70 268.61 5.669.46 40.14 SV -40.14 TP 5.669.46 21.11 4.59 0.03 -0_03 4.59

OJ/19 70 1.786.47 T2 -1.7S6.47

01119 70 1.374.30 T7 -1.374.30 1.11 -1.1

STATE.COUNTY:TX· MONTAGUE PROPERTYTOTAL----------- - - - - - - - - -- - - - - - - - - ---

9.09 0.06 2.29 6.74

PAYMENTTOTAL 61.94 0.53 15.28 46.\

COMMENTS:

PRODUCT TYPES21 - RESIDUE GAS FROMA GASWELL33 - PLANT CONDENSATE70 - NATURAL GAS LIQUIDS

TAX CODES:SV - SEVERANCE

DEDUCT CODES:FI -FUELPI - PROCESSINGPl - PROCESSINGTP - TAX REIMBURSEMENT PLANT PRODTR _TAX REIMBURSEMENT GASTI - TRANSPORTATION12 - TRANSPORTATIONT7 - GAS TRANSPORTTX - EOGGATHERING

INTEREST TYPES·2 • ROYALTY INTEREST

PLEASE DIRECT OWNERSHIP QUESTIONS OR ADDRESS CHANGES TOEOG RESOURCES. INCATTN LAND ADMINISTRATIONP.O. BOX 4362 HOUSTON. TX 77110-4362

PLEASE DIRECT PRODUCTION/PAYMENT QUESTIONS TO:EOG RESOURCES. INCATTN: ROYALTY PAYMENTSP.O. BOX 4)62 HOUSTON, TX 77210-4362TELEPHONE (713) 651-6552 OR I-R77-363-EOGR (3647)

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Page

ACH Ad, icc# nON1240595 Owners :!95007 ACH Advice Date 20 19-02-12

Copyriglucr 2016 Trnnsz ..ap. Inc. All rights reserved. This content is provided subject \0 the limited license described in the General Terms and Conditions ,NO PORTION OF THIS CONTENT MAY BECOPIED. REPRODUCED. INCLUDED IN DERIVATIVEWORKS. TRANSFERRED. SOLD. SUB-LICENSED. PUBLISHED. DISTRIBUTEDOR OTHERWISE MADEAVAILABLE TO ANY THIRD PARTi

WITHOUT THE EXPRESS WRITTEN PERMISSIONOF TRANSZAP.INC

~eog resourcesEOG RESOURCES, INC.

BILLY J CORDLE1103PEACHFARM RD LOT 4ASHFORD, AL 36312

ANYAPPLICABLECOMMENTS, PRODUCT TYPE, TAX CODE, DEDUCTCODE AND INTERESTTYPE CROSS REFERENCES ARE LOCATEDAT THE ENDOF THIS DOCUMENT

ACH ADVICE NO.. 0081240595 OWNER NO.: 295007 ACH ADVICE DATE: 02112/2019

-------------------------- GROSS -------------------------------- ----------------- OWNER -------------------

PROD I PROD QUANTITY I VALUE I TAX I TAX I OTHER 1 DEDUCT I NET PRICE I GROSS I TAX I OTHER I NETDATE TYPE BBLS/MCF CODE DEDUCTS CODE VALUE VALUE DEDUCTS VALUE

DYJ-ANA UNIT # IH PROPERTY15203-000 DECK I? INTTYPE2 " OWNERINT 0.00124218 SETTLEMENTINT 0.00124~1812!1R 'I 1.579.30 10.049.23 H6.52 SV -H6.52 TR 10.049.23 3.90 Il.4g 0.11 -0 II IVIVIR 21 R2.46 FI -X2.46 o 10 -01·12IIX 21 X73.29 TI -X73.:!9 109 -II12JIR 21 1.202.46 TX -1.202.4611/1R 21 2.7IX.16 PI -2.7IX.16 33X -3':12m 21 X3.20 P2 -X3.2012/1x 30 173.67 7.R34.03 360.37 SV 7.473.66 45.1 J 0.73 0.44 9.,12/1X 33 6.05 246.XO 11.35 SV 235.45 40.79 () 301211X

tun o.:70 45X.7(} 9.35054 94.00 SV -94.00 TP 9.350.54 2D.3x II 61

12/IX 70D.12 -011 II(d

113.49 12 -113.4912IIX 70 3.707.77 17 ".7n777 4 60 -4.()

STATE-COUNTY:TX - MONTAGUE PROPERTYTOTAL ---------------------- --------- - - - - - - - -34,12 0,69 8,94 24,49

DYLAN A ilNrrIIlH PROPERTY15204-000 DECK I? INT TYPE2 lI< OWNERINT0.00124218 SETTLEMENT!NT 0.0012421812/1X 21 3.657_4(j 14.214.9") 157_65 SV -157.65 TR 14.2149'1111K 21

3.)19 17.66 0.19 ,019 17 6-

IlIlX 21116.93 FI -116.93 () 14

1.238.33,1).14

12IIX 21TI -1.23X.33 1.54

1.721.62-1.5-1

1211X 21IX -1.721.62

12/IX 213.X54.36 PI ·3.X54.36 ..J.7N ,4.n

12/lx 33117.9' P2 -1I7.9X

9.13 372.60 17.14 SVI.!/IX 70 663.40 13.543.60

355.46 40.~1 046 0.02144.1; SV -144.15 TP 13.543.60044

12/1X 70 l0A2 i6)P 0.1~ -O.IX107.M T' -)07.6416)!2

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ACH Adviccs OO~1240595 Owners 295007 ACH Advice Date 2019-02-12 Page.

.-.--.- .. -.--. OWNER .. ---- •.-.- ..

PROD I PROD QUANTITY I VALUE I TAX I TAX I OTHER I DEDUCT I NETDATE TYPE BBLS/MCF CODE DEDUCTS CODE VALUE

12/18 70 6.7M3.57 T7 ·6.713.57STATE.COUNTY:TX· MONTAGUE , PROPERTYTOTAL

1218 .1 .20 6~. , ·62.7, TR 7.12/1~ 21 62.81 FI -62.Xl12118 21 6()5.14 TI -665.1412111 21 875.26 T8 -875.2612118 11 2.070.29 PI -1.070291211~ 21 63.37 P2 -63.3712/18 " 3.01 122.71 5.64 SV 1170712/18 70 304.60 6.114.40 30.57 SV -30.57 TP 6.114.4012118 70 114.X6 T2 -124.8612118 70 4.079.14 T7 -4.079.14

STATE·COUNTY:TX· MONTAGUE PROPERTYTOTAL

PAYMENTTOTAL

- .•-.-.-.------.-- GROSS .•.-.-.-.-.-.-.-.-.- .......••••PRICE I GROSS T TAX I OTHER I NET

VALUE DEDUCTS VALUESA2 .1.42

----------- ----------- ---------34.94 0.39 14.51 20.04

40.7720.07

o 10496

0.010.03 -003

Il094.%

s 90 0.05 ·005O.()5054

6.21-0.0;-0.54

I.GX -I.M!

331 -3.31

11.27 0.09 5.50 5.68

80.33 1.17 28.95 50.21

COMMENTS:

PRODUCTTYPES:21 • RESIDUEGAS FROMA GASWELL30 . CONDENSATE33 • PLANTCONDENSATE70 . NATURALGAS LIQUIDS

TAX CODES:SV • SEVERANCE

DEDUCTCODES:FI.FUELPI • PROCESSINGP2 • PROCESSINGTP • TAX REIMBURSEMENTPLANT PRODTR • TAX REIMBURSEMENTGASTI • TRANSPORTATIONT2 • TRANSPORTATIONT7 • GAS TRANSPORTIX • EOGGATHERING

INTERESTTYPES:2 • ROYALTYINTEREST

PLEASE DIRECT OWNERSHIPQUESTIONSOR ADDRESS CHANGES TOEOG RESOURCES. INC.ATTN LANDADMINISTRATIONP.O. BOX 4362 HOUSTON. TX 77210--4362

PLEASE DIRECTPRODUCTIONIPAYMENTQUESTIONSTO:EOG RESOURCES. INC.ATTN: ROYALTY PAYMENTSP.O. BOX 4362 HOUSTON. TX 77210-4362TELEPHONE: (713) 651-6552 OR I-X77-363-EOGR (3647)

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ACH Adviccs OOX1124693 Owners 195007 ACH Advice Dare20 19-01-14 Page

Copyriglu«: 2016 Transxap. Inc, All rights reserved. This content is provided subject to the limited license described in the General Terms and CondruonsNO PORTION OF THIS CONTENT MAY BECOPIED. REPRODUCED. INCLUDED IN DERIVAT1VEWORKS. TRANSFERRED. SOLD. SUB-LICENSED. PUBLISHED. DISTRIBUTEDOR OTHERWISE MADEAVAILABLE TO ANY THIRD PARTY

WITHOUT THE EXPRESS WRITTEN PERMISSION OF TRANSZAP.INC

~eog resourcesEOG RESOURCES, INC.

BILLY J CORDLE1103PEACHFARM RD LOT 4ASHFORD, AL 36312

ANY APPLICABLE COMMENTS. PRODUCT TYPE, TAX CODE, DEDUCT CODE AND INTEREST TYPE CROSS REFERENCES ARE LOCATED AT THE END OF THIS DOCUMENT

ACI-! ADVICE NO.: 0081224693 OWNER NO.: 295007 ACH ADVICE DATE 01/14/2019

••••_.-._.-. __ .- •••••••••••••••GROSS •••••••••__ ._. __ •__ •••••••_. .._ .......... _._._. OWNER .._._._._ ..........

PROD I PROD QUANTITY I VALUE I TAX I TAX I OTHER I DEDUCT I NET PRICE I GROSS I TAX J OTHER I NETDATE TYPE BBLS/MCF CODE DEDUCTS CODE VALUE VALUE DEDUCTS VALUE

DY!JANA UNITiI IH PROPERlY 1S201-OOO DECK 17 lNTTYPE2 OWNERlNT 0.00124218 .u SETILEMENT INT 0.0012421809/17 70 501.79 13.3069:1 11409 SV -114.09 TP 13.306.91 26.47 16.53 0.14 -0.14 16,5309117 70 -501.79 -13.30().92 .114.09 sv 114,09 TP -13.306.92 26.47 -16.53 -014 0.14 -If) 5309117 70 501.79 13.306.92 11409 sv ·114.09 TP 13.306,91 26.47 16.53 014 -014 16.53()9!17 70 4.7R1.19 Tl -4.7XLl91)')117 71) -4,7'1.19 T2 4.7"1.19OWI7 7(1 4.7R1.19 T2 -4.7~]_J909/17 70 Uti 4,46 T7 -1.'14.46 126 -22()09/17 70 ·1.'14.46 T7 I.XI4.46 -22() 12()09/17 70 1.'1446 T7 -LX 14.46 216 -1.2609117 70 -502.79 -13.195.71 -112.20 sv 111.10 TP -13.195.71 16.15 -16.39 -0.14 014 -16.3()09117 70 502.79 1;:.195,7\ 112,10 SV -112.10 TP 13.195.71 16.15 16.39 014 -0.14 163')09117 70 -501.79 -13.195.71 -111.20 sv 112.20 TP -13.195.71 26.25 -16.3') -0.14 014 -1()3()09117 70 -4.7'1.19 T2 4.7X1.1?OWl7 7<1 4.7X1.I9 T1 -4.7XI.I909/17 70 -4.7X1.19 1'2 4_7XU9UWl7 70 -u 14.46 T7 I.XI44G -2.26 .2..26OWI7 70 I.x 14.46 T7 -I.RI4.46 2.26 -22(,09117 70 -J.H 1446 T7 1.814.40 -2.16 116IIIIX 21 2.513.X I '.'1034 67.65 sv -67.65 TR ~.Xltl34 3.51 10.94 o O(J -DIN 109411m 21 x2.13 FI -x2.23 0, II) -0,101111' 21 x36.16 TI -x36.26 104 -I ()41111' 21 1.17().' I TX -\.170.Xl1111' 'I 2: (\(iO.13 PI _16(,0.13 3.30 -330

Page 12: MONTAGUE TX - BARNETT SHALE Producing Royaltiesinfo.mceeauction.com.s3.amazonaws.com/PacketInfo/... · MONTAGUE TX - BARNETT SHALE Producing Royalties Check Revenue Statement Average

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ACH Advices OORI224693 Owners 295(l07 ACH Advice Date 2019-01-14 Page

-------------------- GROSS ---------------- ---------------- OWNER ------------------

PROD IPRODDATE TYPE

09/17 70OWI7 7009/17 7011m 2111118 21IIIlR 1111/18 2111m 2111m 2111m ,>11/18 7011/18 7011m 70

COMMENTS

QUANTITY IBBLS/MCF

VALUE

ITAX I TAX I

CODEOTHER I DEDUCT I

DEDUCTS CODENET

VALUEPRICE I GROSS

VALUE I TAX I OTHER I NETDEDUCTS VALUE

-LO() 1001,00 -1.00·100 1.00-0.02 2_19o ()2 -0,020.21 ·021

06(' -0.66

() 1)4

·001 2_20

III ·111- - - - - - - - -- -1.97 2.50

27.75 34.95

-1.241.25 T71.241.25 T7

172.84 2.709.580 19.85 SV-1.24L25

·19.8525.28

257.10343.99817.8225.03

T7TRFITIrsPIP2

1.241.25-1.241.251.241.252.70t)j!(-25_28

-257.10-343.99·817.82-25,0359_97

3.51 1.19

1.28 61.86120.79 2.714.32

1.8920.93

SVSV -20.93

42.051.373.99

TP 2.72432T2 -42.05T7 -1.373_99

PROPERTY TOTAL

49_1112_55

0052_20

0010.01

STATE-COUNTY: TX - MONTAGUE 4.51 0.04

PAYMENT TOTAL 63.34 0.64

Section 91.504 of the Texas Natural Resources Code. gives an owner of a royalty interest in oil or gas produced in Texas the right to request from a payor information about itemized deductions. the heating \ aluc of the gas. and the Railroad Cormuissicn or Texasidentification number for the lease. property. or wellthat may not have been previously provided to the royalty interest owner. The request must be in writing and must be made by certified mail. A payor must respond to a request regarding Itemized dcducuons. theheating value of the gas. or the Railroad Commission of Texas identification number by certified mail not later than the 60th day after the date the request is received by payor. Additional information regarding production and related information may be obtamcd bycontacting the Railroad Commission of Texas. Office of Public Assistance or accessing the commission's wcbsue (www.rrc.state.tx.us). You may send your certified mail request to EOG Resources. Inc.. Attention: Royalty Relations Department. P.O. Box 4362.Houston. Texas 77210-4362,1

PRODUCTTYPES·21 • RESIDUEGAS FROMA GASWELL33 • PLANTCONDENSATE70 . NATURALGAS LIQUIDS

TAX CODES:SV . SEVERANCE

DEDUCTCODES:FI ·FUELPI· PROCESSINGP2 • PROCESSINGTP . TAX REIMBURSEMENTPLANTPRODTR . TAX REIMBURSEMENTGAST I • TRANSPORTATION12 • TRANSPORTATIONT7 • GASTRANSPORTTX • EOGGATHERING

INTERESTTYPES:2 . ROYALTYINTEREST

PLEASEDIRECTOWNERSHIPQUESTIONSOR ADDRESSCHANGESTOEOG RESOURCES.INCATTN: LANDADMINISTRATIONPO. BOX 4362 HOUSTON. TX 77210-4361

PLEASEDIRECTPRODUCTIONIPAYMENTQUESTIONSTO:EOG RESOURCES.INCATTN: ROYALTYPAYMENTSP.O. BOX 43(,2HOUSTON. TX 77210-4362TELEPHONE. (713) 651-6552 OR 1-877-363-EOGR (3647)

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Maps

MONTAGUE TX - BARNETT SHALE Producing Royalties

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3/21/2019 benDefault

https://app.drillinginfo.com/production/#/workspaces/21291adb-03d4-4829-5a16-de513dd025e4 1/1

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3/21/2019 benDefault

https://app.drillinginfo.com/production/#/workspaces/21291adb-03d4-4829-5a16-de513dd025e4 1/1

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3/21/2019 benDefault

https://app.drillinginfo.com/production/#/workspaces/21291adb-03d4-4829-5a16-de513dd025e4 1/1

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Production Graph

MONTAGUE TX - BARNETT SHALE Producing Royalties

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Summary page selections(Monthly Production)

Liquid (bbls): Current Cum: 45,826 Total: 45,826Gas (MCF): Current Cum: 2,135,766 Total: 2,135,766

Liquid (bbls) Gas (MCF) Wells

Date

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© 2019 Drillinginfo

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Source Assignments

MONTAGUE TX - BARNETT SHALE Producing Royalties

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1901291

OIL GAS.MINERAL AND ROYALTY CONVEYANCEFor valuable consideration. the receipt of which is acknowledged. Billy J. Cordle, whoseaddress is 1103 Peach Farm Rd, Lot 4, Ashford, AL 36312 (hereinafter referred to as"Grantor"), does hereby bargain, sell, transfer, assign, and convey 100.0000010of Grantor'sinterests in all oil, gas, mineral, royalty, overriding royalty, net profits, and other similarinterests in the lands of Montague County, TX as described in Exhibit "AII unto the followingGrantee(s), its/their successors and assigns:

Oak Tree Minerals, LLC2601 Network Blvd. Suite 404Frisco, TX 75034

This conveyance is effective as of April 1, 2019 and includes all executive rights, bonuses, anddelay rentals applicable to Grantor's interest conveyed herein.Grantor agrees to pay any ad valorem taxes due on the interests herein conveyed prior toeffective date.All ad valorem taxes attributable to the interests herein conveyed for after theeffective date are the responsibility of Grantee(s), its/their successors or assigns.Grantor warrants and agrees to defend the title to the interest herein conveyed against the lawfulclaims and demands of all parties claiming or to claim the same, or any part thereof, by, throughor under Grantor, but not otherwise.

Billy J. Cordle

State of (><L s

This instrument was acknowledged before me on this :'}:l. day of Do 1>..ceb 20 \ 5-by. "Rilb.. T t."..Jl.. ~""Of"""'S_.

o:S Notary Signature: _ ::::::::::::...5

(notary seal here)My Commission Expires: MYCOMMISSIONEXPIRESA~Vt~~.;.

1·,1' e KS .. "'" "I' \~.. ~. "," .. " jO ''"'\:'IJ 'I-=- ~ ,', ~'. 1'- ....

Prepared By: ,~. / ~ ::~""''''''\''::) : .::t' '" ' ': .DerikJ.Todd :~: ~ ,-tf;; ':OakTreeMinerals,~\ ~ Q,,~

'''_~1':'''' ..' ..""...."III ,-"1_ '1)1 -k !' - "......~/,., ' "",11",,.,",1"

Return To:OAK TREE MINERALS, LLC.2601 Network Boulevard, Suite 404Frisco, TX 75034

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It is the Grantor's absolute intent to convey 100.00000/0percent of the overriding royalty interests,non-producing royalty interests, term royalty and mineral interests, fee mineral interests, and oil, gas, orother mineral royalty interests in the lands of Montague County, TX.whether properly described below ornot

LegalDescriptionFirst Tract: BeIng 1259.19 acres Inthe Z.WhItesides Survey, Abstract No. 839, the T. Mitchell Survey, Abstract No. 535, the JAWUliams Survey, Abstract No. 1334, the John Chester Survey, Abstract No. 1208, the R.H. Hall Survey, Abstract No. 368, the J.F.Dyer Survey, Abstract No. 954, the J.R Pogue Survey, Abstract No. 1375, the J.F. Fain Survey, Abstract No. 1341, the C.W. DyerSurvey, Abstract No. 952, the Joel Dyer Survey, Abstract No. 1340, and the P. Stanley Survey, Abstract No. 999, Montague County,T8lC8Band being a partma tract IlOI1II'IIyad 10 ~ L Gaylord recorded InVolume 683, Page 687, Deed Records dMontagueCounty, Texas. Second Tract: Being a tract of land containing 825.15 aaes in the John J.Morton Survey. Abstract No. 487. the W.EdwanIs Survey. Abstract No. 226. the J. CoIIns Survey. Abstract No. 156. the J.Williams Survey. Abstract No. 874, the P. StanleySurvey. Abstract No. 999. the J.F. Fain Survey. Abstract No. 1341. the J.R. Pogue Survey, Abstract No. 1375. the John ChesterSurvey, Abstract No. 1208. the W.J. Noblett Survey. Abstract No. 575. the H. Wdliarns Survey. Abstract No. 1425. the C.W. DyerSurvey. Abstract No. 952.Montague CoImty, Texas and being a partd a tract conveyad 10 Edward L Gaylord recorded in Volume683. Page 687. Deed Records d Montague County. Texas. Third Tract: Being a part d a survey d 1280 acres patented 10Robert RBarrow. assignee of John J.Morton by Patent No. 443. Volume 8. datad September 30. 1858. known as Abstract No. 487. CeI1ificateNo. 4391 and a partd a survey of 640 acres patented 10RobertT. Barrow as assIgMe of WashllllllDn EdwatIs by Patent No. 229.Volume 8. dated the 16111day of April. 1857. known as Survey No.2. Ce!1Ificate No. 1099. Abstract No. 226, Montague County. Texas.

EXlIIBIT "A"

END OFEXlIIBIT "A"

Return To:OAK TREE MINERALS, LLC.2601 Network Boulevard, Suite 404Frisco, TX 75034

Prepared By:Derik J. ToddOak Tree Minerals, LLC.

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FILED FOR RECORDGLENDA HENSON - COUNTY CLERK

MONTAGUE COUNTY, TEXAS

INST NO: 1901291FILED ON: APRIL 03, 2019 AT 01:12pm

THIS INSTRUMENT CONTAINED 3 PAGES AT FILING

, THE STATE OF TEXAS COUNTY OF MONTAGUE

...{.''~~.~~?~~:~.':i ".::::~.:.b, \. I hereby certify that this instrument was filed ~n theI} :"/ :....::"-~ \:'~ date and time stamped hereon and recorded In the~J~i. . ~ i ~ # instrument of named record of Montague County, and;;.~;..\ ."~lJ stamped hereon by me.'I:-:r;k·;::c:..;~~·~.;fDATE: APRIL 03,2019

·'1";;i!/.~·~c,' GLENDA HENSON, COUNTY CLERK

OPR RECORDS