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“Crood Mineral Interest”

Howard County, Texas

Producing Mineral Interest

•   1,980.0720 Gross Acres

•   7.5000% Mineral Interest

•    148.5054 Net Mineral Acres

•    269.2346 Net Royalty Acres

•   Operated by Surge Operating & Grenadier Energy

•    Potential Horizontal Objectives:
Middle & Lower Spraberry, Wolfcamp A & Wolfcamp B

•     31 Producing Horizontal Wells (Spraberry & Wolfcamp)

•    13 DUC Horizontal Wells (Spraberry & Wolfcamp)

•    11 Permitted Horizontal Wells (Spraberry & Wolfcamp)

•    Average Daily Production:
3,844 BOPD & 5,989 MCFPD (Gross)
29 BOPD & 48 MCFPD (Net)

•    Average Net Income:
$56,504 / Month


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“Clark S146 Mineral Interest”

Reagan County, Texas

Producing Mineral Interest

•   645.37 Gross Acres

•   12.50% Mineral Interest

•    80.6713 Net Mineral Acres

•    123.0740 Net Royalty Acres

•    Operated by Laredo Petroleum, Inc.

•    Potential Horizontal Objectives:
Middle & Lower Spraberry, Wolfcamp A, Upper & Lower Wolfcamp B, Wolfcamp C & Cline

•     9 Producing Vertical Wolfberry Wells

•    7 Permitted Horizontal Wolfcamp Wells

•    Average Daily Production:
16 BOPD & 80 MCFGPD (Gross)
0.40 BOPD & 1.99 MCFGPD (Net)

•    Average Net Income:
$667/ Month


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“PC Hill ORRI”

Ward County, Texas

Producing ORRI

•   2,019.45 Gross Acres

•   Up to a 3.00% ORRI

•    407.8680 Net Royalty Acres

•    Operated by Shell Western E&P & Anadarko E&P Onshore

•    Potential Horizontal Objectives:
3rd Bone Spring, Wolfcamp A-XY, Lower Wolfcamp A, Wolfcamp B
& Wolfcamp C

•     16 Producing Horizontal Wells

•    Average Daily Production:
1,291 BOPD & 3,029 MCFGPD (Gross)
20 BOPD & 51 MCFGPD (Net)

•    Average Net Income:
$37,483 / Month


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“Tomahawk Royalty Interest

Reeves County, Texas

Non-Participating Royalty Interest

•    178.80 Gross Acres

•    25.00% NPRI

•    89.40 Net Royalty Acres

•    Operated by Carrizo Oil & Gas

•     Primary Horizontal Objectives:
2nd Bone Spring, 3rd Bone Spring, Wolfcamp XY, Lower Wolfcamp A, Wolfcamp B & Wolfcamp C

•     3 Completed Horizontal Wolfcamp Wells
Pending Frac Stage 06-07/2019


 
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"Hill-Pioneer Mineral Interest”
Reagan County, Texas

  • 960.00 Gross Acres

 

  • 720.00 Net Mineral Acres

 

  • 1,320.00 Net Royalty Acres

 

  • Primary Horizontal Objectives:

Middle & Lower Spraberry, Wolfcamp A, Upper & Lower Wolfcamp B,Wolfcamp C & Cline

 

  • 12 Producing Vertical Wolfberry Wells

 

  • Average Daily Production:

48 BOPD & 132 MCFGPD (Gross)   

8 BOPD & 22 MCFGPD (Net)

 

  • Average Net Income: $13,279 / Month


 
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"Hill-Parsley Mineral Interest”
Reagan County, Texas

  • 360.00 Gross Acre

 

  • 270.00 Net Mineral Acres

 

  • 270.00 Net Royalty Acres

 

  • Primary Horizontal Objectives:

Middle & Lower Spraberry, Wolfcamp A, Upper & Lower Wolfcamp B, Wolfcamp C & Cline

 

  • 9 Producing Vertical Wolfberry Wells

1 SWD Well

3 Shut-In Vertical Wolfberry Wells

 

  • Average Daily Production:

5 BOPD & 65 MCFGPD (Gross)  0.18 BOPD & 3.67 MCFGPD (Net)

 

  • Average Net Income: $817 / Month


 
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"Hill-Conoco (Hunt) Mineral Interest”
Reagan County, Texas

  • 480.00 Gross Acres

 

  • 360.00 Net Mineral Acres

 

  • 360.00 Net Royalty Acres

 

  • Primary Horizontal Objectives:

Middle & Lower Spraberry, Wolfcamp A, Upper & Lower Wolfcamp B, Wolfcamp C & Cline

 

  • 2 Producing Vertical Wolfberry Wells

1 Shut-In Vertical Wolfberry Well

 

  • Average Daily Production:

2 BOPD  (Gross) 

0.15 BOPD  (Net)

 

  • Average Net Income: $305 / Month


 
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"Hill-Endeavor Mineral Interest”
Reagan County, Texas

  • 800.00 Gross Acres

 

  • 600.00 Net Mineral Acres

 

  • 600.00 Net Royalty Acres

 

  • Primary Horizontal Objectives:

Middle & Lower Spraberry, Wolfcamp A, Upper & Lower Wolfcamp B, Wolfcamp C & Cline

 

  • 4 Producing Vertical Wolfberry Wells

1 Shut-In Vertical Wolfberry Well

 

  • Average Daily Production:

2 BOPD & 27 MCFGPD (Gross) 

0.14 BOPD & 2.52 MCFGPD (Net)

 

  • Average Net Income: $212 / Month