Exhibit 10.2

 

Execution Copy

 

PARTIAL RELEASE, RECONVEYANCE AND TERMINATION AGREEMENT

 

THIS PARTIAL RELEASE, RECONVEYANCE AND TERMINATION AGREEMENT (this “Agreement”)
is dated as of September 6, 2017, by and between The Bank of New York Mellon
Trust Company, N.A., a national association organized under the laws of the
State of New York, (the “Trustee”), acting not in its individual capacity but
solely as the trustee of Enduro Royalty Trust, a Delaware statutory trust
created under the Delaware Statutory Trust Act as of May 3, 2011 (the “Trust”),
and Enduro Operating LLC, a Delaware limited liability company (the “Original
Grantor”).  Each of the Trustee and the Original Grantor is a “Party” and
collectively they are the “Parties.”  Capitalized terms used herein but not
otherwise defined have the meanings given them in the Conveyance (as defined
below).

 

WHEREAS, that certain Amended and Restated Trust Agreement of Enduro Royalty
Trust (“Trust Agreement”) was entered into effective as of November 3, 2011 by
and among (i) Enduro Resource Partners LLC, a Delaware limited liability company
with its principal office in Fort Worth, Texas, and the sole member of the
Original Grantor (“Enduro Sponsor”) (ii) Wilmington Trust Company, a trust
company organized under the laws of the State of Delaware with its principal
office in Wilmington, Delaware and (iii) the Trustee;

 

WHEREAS, that certain Conveyance of Net Profits Interest (the “Conveyance”) was
entered into on November 8, 2011, but effective as of 7:00 a.m., Central Time,
on July 1, 2011, from the Original Grantor to Enduro Texas LLC, a Texas limited
liability company with a mailing address of 777 Main Street, Suite 800, Fort
Worth, Texas 76102 and wholly owned subsidiary of Enduro Sponsor (“Enduro
Texas”), pursuant to which the Original Grantor bargained, sold, granted,
conveyed, transferred, assigned, set over and delivered unto Enduro Texas the
Net Profits Interest;

 

WHEREAS, Enduro Texas and the Trust entered into that certain Agreement and Plan
of Merger, dated November 3, 2011, whereby Enduro Texas merged with and into the
Trust, with the Trust as the surviving entity;

 

WHEREAS, that certain Supplement to Conveyance of Net Profits Interest (the
“Supplement”) was entered into on November 8, 2011, but effective as of 7:00
a.m., Central Time, on July 1, 2011, by and between Original Grantor, Enduro
Texas, and Trustee, acting not in its individual capacity but solely as the
Trustee of the Trust, pursuant to which the Conveyance is supplemented to deem
the Trustee, acting on behalf of the Trust, as the Grantee under the Conveyance;

 

WHEREAS, the Conveyance and the Supplement were recorded or filed in the
jurisdictions set forth, and as further described, on Exhibit A hereto;

 

WHEREAS, the Conveyance was amended by that certain First Amendment to
Conveyance of Net Profits Interest dated August 30, 2017 by and among the
Original Grantor and the Trustee (the Conveyance, as amended, being referred to
as the “Amended Conveyance”) and the Trust Agreement was amended by that certain
First Amendment to Amended and Restated Trust Agreement of Enduro Royalty Trust
dated August 30, 2017 (the Trust Agreement, as amended, being referred to as the
“Amended Trust Agreement”);

 

1

--------------------------------------------------------------------------------

 

WHEREAS, pursuant to Section 6.1(a)(iii) of the Amended Conveyance and
Section 3.02(d) of the Amended Trust Agreement, the Original Grantor has the
right, subject to the approval of the Trust’s unitholders, to Transfer, free and
clear of the Net Profits Interest and the Amended Conveyance, certain Subject
Interests;

 

WHEREAS, the Trust’s unitholders, in accordance with the provisions of the
Amended Conveyance and Amended Trust Agreement, approved the sale of the Subject
Properties (as herein defined) free and clear of the Net Profits Interest;

 

WHEREAS, the Original Grantor concurrently herewith is selling all of its right,
title and interest in and to certain oil and gas properties and related assets
and contracts pursuant to the following, and the Original Grantor has requested
a release of the properties set forth on Exhibit B hereto (the “Subject
Properties”) from the Net Profits Interests and the Amended Conveyance:

 

1.              that certain Letter Agreement, dated June 5, 2017, by and
between the Original Grantor and Summit West Resources LP, a Texas limited
partnership (“Summit”), as amended by that certain Amendment to Letter
Agreement, effective as of June 6, 2017, by and between the Original Grantor and
Summit, and the Original Grantor desires to release the properties set forth on
Exhibit B-1 hereto (the “Summit Subject Properties”) from the Net Profits
Interests and the Conveyance;

 

2.              that certain Letter Agreement, dated June 5, 2017, by and
between the Original Grantor and Parsley Energy, L.P. (“Parsley”), a Texas
limited partnership, as amended by that certain Amendment to Letter Agreement,
effective as of June 5, 2017, by and between the Original Grantor and Parsley,
and the Original Grantor desires to release the properties set forth on
Exhibit B-2 hereto (the “Parsley Subject Properties”) from the Net Profits
Interests and the Conveyance;

 

3.              that certain Letter Agreement, dated June 5, 2017, by and
between the Original Grantor and Forge Energy, LLC, a Delaware limited liability
company (“Forge”), as amended by that certain Amendment to Letter Agreement,
effective as of June 5, 2017, by and between the Original Grantor and Forge, and
the Original Grantor desires to release the properties set forth on Exhibit B-3
hereto (the “Forge Subject Properties”) from the Net Profits Interests and the
Conveyance;

 

4.              that certain Letter Agreement, dated June 5, 2017, by and
between the Original Grantor and DE Midland III LLC, a Delaware limited
liability company, and the Original Grantor desires to release the properties
set forth on Exhibit B-4 hereto (the “DE Midland Subject Properties”) from the
Net Profits Interests and the Conveyance;

 

5.              that certain Purchase and Sale Agreement, dated June 5, 2017, by
and between the Original Grantor and Chisholm Energy Holdings, LLC, a Delaware
limited liability company, and the Original Grantor desires to release the
properties set forth on Exhibit B-5 hereto (the “Chisholm Subject Properties”)
from the Net Profits Interests and the Conveyance;

 

2

--------------------------------------------------------------------------------

 

6.              that certain Letter Agreement, dated June 5, 2017, by and
between the Original Grantor and Oxy USA Inc., a Delaware corporation, and the
Original Grantor desires to release the properties set forth on Exhibit B-6
hereto (the “Oxy Subject Properties”) from the Net Profits Interests and the
Conveyance;

 

7.              that certain Letter Agreement, dated June 5, 2017, by and
between the Original Grantor and QEP Energy Company, a Texas corporation, and
the Original Grantor desires to release the properties set forth on Exhibit B-7
hereto (the “QEP Subject Properties”) from the Net Profits Interests and the
Conveyance;

 

8.              that certain Letter Agreement, dated June 5, 2017, by and
between the Original Grantor and Tracker Resource Development III, LLC, a
Delaware limited liability company, and the Original Grantor desires to release
the properties set forth on Exhibit B-8 hereto (the “Tracker Subject Properties”
and together with the Summit Subject Properties, the Parsley Subject Properties,
the Forge Subject Properties, the DE Midland Subject Properties, the Chisholm
Subject Properties, the Oxy Subject Properties and the QEP Subject Properties,
the “Released Subject Properties”) from the Net Profits Interests and the
Conveyance;

 

NOW, THEREFORE, in consideration of the mutual covenants and agreements
hereinafter set forth, the Parties agree as set out below.

 

PARTIAL RELEASE, RECONVEYANCE AND TERMINATION

 

Effective as of 7:00 a.m., Central Time, on August 30, 2017, Trustee, acting not
in its individual capacity but solely as trustee of the Trust, does hereby:

 

RECONVEY, TERMINATE, REMISE, QUITCLAIM and RELEASE the Net Profits Interest with
respect to the Released Subject Properties (the “Released NPI”)

 

TO HAVE AND TO HOLD, unto the Original Grantor and its successor and assigns,
forever.

 

MISCELLANEOUS

 

Release of Trustee.  Original Grantor expressly agrees that (a) this Agreement
is executed and delivered for the Trust by the Trustee not individually or
personally, but solely as Trustee on behalf of the Trust in the exercise of the
powers and authority conferred and vested in it and (b) under no circumstances
shall the Trustee be liable for any liability of the Trust or for any action
taken or not taken by the Trust or Trustee under or in connection with this
Agreement. The Original Grantor hereby unconditionally and irrevocably releases
the Trustee from any and all claims of the Original Grantor, whether now
existing or arising in the future, arising out of, based upon, or otherwise
related to any action taken or not taken by the Trust or Trustee under or in
connection with this Agreement.

 

3

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No Warranty.  The instrument is made without any warranty of title, whether
express or implied, on the part of Trustee.

 

Notices.  All notices and other communications which are required or may be
given pursuant to this Agreement must be given in writing, in English and
delivered personally, by courier, by telecopy or by registered or certified
mail, postage prepaid, as follows:

 

If to Original Grantor:

 

Enduro Operating LLC

777 Main Street, Suite 800

Fort Worth, Texas 76102

Attention: Jon S. Brumley

Facsimile No.: (817) 529-8450

 

If to the Trust:

 

Enduro Royalty Trust

c/o The Bank of New York Mellon Trust Company, N.A., Trustee

Global Corporate Trust

919 Congress Avenue, Suite 500

Austin, Texas 78701

Attention: Sarah Newell

Facsimile No.: (512) 236-9275

 

Either Party may change its address for notice by notice to the other Party in
the manner set forth above. All notices shall be deemed to have been duly given
at the time of receipt by the Party to which such notice is addressed.

 

Amendments. This Agreement may not be amended, altered or modified except
pursuant to a written instrument executed by the Parties.

 

Further Assurances. The Parties shall from time to time do and perform such
further acts and execute and deliver such further instruments, conveyances, and
documents as may be required or reasonably requested by the other Party to
establish, maintain, or protect the respective rights and remedies of the
Parties and to carry out and effectuate the intentions and purposes of this
Agreement.

 

Severability. The invalidity or unenforceability of any term or provision of
this Agreement in any situation or jurisdiction shall not affect the validity or
enforceability of the other terms or provisions hereof or the validity or
enforceability of the offending term or provision in any other situation or in
any other jurisdiction and the remaining terms and provisions shall remain in
full force and effect, unless doing so would result in an interpretation of this
Agreement which is manifestly unjust.

 

Governing Law. EXCEPT WHERE PROHIBITED BY THE LAW OF THE STATE IN WHICH THE
RELEVANT SUBJECT INTERESTS ARE LOCATED, THIS AGREEMENT

 

4

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AND THE LEGAL RELATIONS BETWEEN THE PARTIES SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, WITHOUT REFERENCE TO
CONFLICTS OF LAW RULES OR PRINCIPLES THAT MAY REQUIRE THE APPLICATION OF THE
LAWS OF ANY OTHER JURISDICTION.

 

Counterparts. This Agreement may be executed in counterparts, each of which
shall be deemed an original instrument, but all such counterparts together shall
constitute but one instrument. No Party shall be bound until such time as all of
the Parties have executed counterparts of this Agreement. To facilitate
recordation, there may be omitted from the Exhibits to this Agreement in certain
counterparts descriptions of property located in recording jurisdictions other
than the jurisdiction in which the particular counterpart is to be filed or
recorded.

 

Conspicuous. THE TRUSTEE AND ORIGINAL GRANTOR AGREE THAT, TO THE EXTENT REQUIRED
BY APPLICABLE LAW TO BE EFFECTIVE OR ENFORCEABLE, THE PROVISIONS IN THIS
AGREEMENT IN ALL CAPS FONT ARE “CONSPICUOUS” FOR THE PURPOSE OF ANY APPLICABLE
LAW.

 

No Third Party Beneficiaries. Nothing in this Agreement shall entitle any Person
other than the Parties to any claims, cause of action, remedy or right of any
kind.

 

Construction. Any rule of construction that a document be construed against the
drafter shall not apply to the interpretation or construction of this Agreement.

 

[The remainder of this page is intentionally left blank]

 

5

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IN WITNESS WHEREOF, this Agreement has been signed by or on behalf of each of
the Parties as of the day first above written.

 

 

THE TRUST:

 

 

 

ENDURO ROYALTY TRUST

 

 

 

BY:

THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A., as TRUSTEE

 

 

 

 

 

 

 

By:

/s/ Sarah Newell

 

Name: Sarah Newell

 

Title: Vice President

 

 

 

 

 

ORIGINAL GRANTOR:

 

 

 

ENDURO OPERATING LLC

 

 

 

By:

/s/ Jon S. Brumley

 

Name: Jon S. Brumley

 

Title: President and Chief Executive Officer

 

Signature Page to Partial Release, Reconveyance and Termination Agreement

 

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ACKNOWLEDGMENTS

 

STATE OF COLORADO

 

COUNTY OF ARAPAHOE

 

This instrument was acknowledged before me on the 6th day of Sept, 2017, by
Sarah Newell, Vice President of The Bank of New York Mellon Trust Company, N.A.,
as Trustee of Enduro Royalty Trust, on behalf of such association and trust.

 

 

DYLAN PRYOR

 

/s/ Dylan Pryor

NOTARY PUBLIC

 

Notary Public in and for the State of Coloredo

STATE OF COLORADO

 

Notary Name:

Dylan Pryor

NOTARY ID 20164039843

 

My Commission expires:

10/31/2020

MY COMMISSION EXPIRES OCTOBER 31, 2020

 

 

 

 

 

STATE OF                      

 

COUNTY OF                       

 

This instrument was acknowledged before me on the       day of            ,
2017, by             ,             of Enduro Operating LLC, on behalf of such
limited liability company.

 

 

 

 

 

 

 

Notary Public in and for the State of

 

 

Notary Name:

 

 

 

My Commission expires:

 

 

 

Acknowledgments to Partial Release, Reconveyance and Termination Agreement

 

--------------------------------------------------------------------------------

 

ACKNOWLEDGMENTS

 

STATE OF

 

COUNTY OF

 

This instrument was acknowledged before me on the      day of        , 2017, by
         ,           of The Bank of New York Mellon Trust Company, N.A., as
Trustee of Enduro Royalty Trust, on behalf of such association and trust.

 

 

 

 

 

 

 

Notary Public in and for the State of

 

 

Notary Name:

 

 

 

My Commission expires:

 

 

 

STATE OF TEXAS

 

COUNTY OF TARRANT

 

This instrument was acknowledged before me on the  6th day of September, 2017,
by Jon S. Brumley, President and Chief Executive Officer of Enduro Operating
LLC, on behalf of such limited liability company.

 

 

[g206232ku01i001.gif]

 

/s/ Amy L. Williams

 

Notary Public in and for the State of Texas

 

Notary Name:

Amy L. Williams

 

My Commission expires:

02/19/21

 

 

 

 

 

 

 

 

Acknowledgments of Partial Release, Reconveyance and Termination Agreement

 

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EXHIBIT A

Recording and Filing Locations

 

1. Conveyance of Net Profits Interest from Enduro Operating LLC, to Enduro Texas
LLC, executed as of November 8, 2011, filed as follows:

 

JURISDICTION

 

FILING INFORMATION

 

FILE DATE

Bossier Parish, LA

 

#1031851

 

November 9, 2011

DeSoto Parish, LA

 

Book 1183, Page 633; #702515

 

November 9, 2011

Webster Parish, LA

 

Book 1129, Page 1; #529606

 

November 9, 2011

Chaves County, NM

 

Book 00687, Page 00747

 

November 9, 2011

Eddy County, NM

 

Book 872, Page 1027

 

November 9, 2011

Lea County, NM

 

Book 1752, Page 521, #36980

 

November 10, 2011

Andrews County, TX

 

Volume 1016, Page 900; #11 4498

 

November 17, 2011

Borden County, TX

 

Volume 0323, Page 161; #111709

 

November 9, 2011

Cochran County, TX

 

Volume 303, Page 1; #14106

 

November 9, 2011

Crane County, TX

 

Volume 0531, Page 1; #0094853

 

November 16, 2011

Crockett County, TX

 

Book 749, Page 80; #159164

 

November 14, 2011

Dawson County, TX

 

Book 669, Page 085; #5192

 

November 9, 2011

Ector County, TX

 

#2011-00015956

 

November 9, 2011

Gaines County, TX

 

#2011-5706

 

November 9, 2011

Glasscock County, TX

 

Book 178, Page 152; #9108

 

November 10, 2011

Hockley County, TX

 

Volume 918, Page 576; #00004728

 

November 9, 2011

Howard County, TX

 

Book 1243, Page 570; #2011-00006095

 

November 9, 2011

Irion County, TX

 

Volume 193, Page 0400; #20110028170

 

November 9, 2011

Martin County, TX

 

Volume 319, Page 148; #3698

 

November 9, 2011

Midland County, TX

 

#2011-22556

 

November 9, 2011

Pecos County, TX

 

Volume 028, Page 793; #2011-118739

 

November 9, 2011

Reagan County, TX

 

Volume 0141, Page 0073; #108906

 

November 9, 2011

Scurry County, TX

 

#2011-20113796

 

November 9, 2011

Shelby County, TX

 

#2011009166

 

November 9, 2011

Terry County, TX

 

Book 824, Page 605; #254561

 

November 10, 2011

Upton County, TX

 

Book 00861, Page 00652; #00152846

 

November 10, 2011

Ward County, TX

 

Volume 919, Page 705; #11-4912

 

November 9, 2011

Winkler County, TX

 

#C7100

 

November 9, 2011

 

2. Supplement to Conveyance of Net Profits Interest by and between Enduro
Operating LLC, Enduro Texas LLC, Michael J. Ulrich, as trustee for Enduro
Royalty Trust, filed as follows:

 

JURISDICTION

 

FILING INFORMATION

 

FILE DATE

Bossier Parish, LA

 

#1031852

 

November 9, 2011

DeSoto Parish, LA

 

Book 1183, Page 695; #702516

 

November 9, 2011

Webster Parish, LA

 

Book 1129, Page 63; #529607

 

November 9, 2011

 

--------------------------------------------------------------------------------

 

Chaves County, NM

 

Book 00687, Page 00792

 

November 9, 2011

Eddy County, NM

 

Book 872, Page 1072

 

November 9, 2011

Lea County, NM

 

Book 1752, Page 567, #36981

 

November 10, 2011

Andrews County, TX

 

Volume 1016, Page 960; #11 4499

 

November 17, 2011

Borden County, TX

 

Volume 0323, Page 221; #111710

 

November 9, 2011

Cochran County, TX

 

Volume 303, Page 61; #14107

 

November 9, 2011

Crane County, TX

 

Volume 0531, Page 062; #0094854

 

November 16, 2011

Crockett County, TX

 

Book 749, Page 140; #159165

 

November 14, 2011

Dawson County, TX

 

Book 669, Page 145; #5193

 

November 9, 2011

Ector County, TX

 

#2011-00015957

 

November 9, 2011

Gaines County, TX

 

#2011-5707

 

November 9, 2011

Glasscock County, TX

 

Book 178, Page 212; #9109

 

November 10, 2011

Hockley County, TX

 

Volume 918, Page 637; #00004729

 

November 9, 2011

Howard County, TX

 

Volume 1243, Page 631; #2011-00006096

 

November 9, 2011

Irion County, TX

 

Volume 193, Page 0460; #20110028171

 

November 9, 2011

Martin County, TX

 

Volume 319, Page 218; #3700

 

November 9, 2011

Midland County, TX

 

#2011-22557

 

November 9, 2011

Pecos County, TX

 

Volume 028, Page 853; #2011-118740

 

November 9, 2011

Reagan County, TX

 

Volume 0141, Page 0133; #108907

 

November 9, 2011

Scurry County, TX

 

#2011-20113797

 

November 9, 2011

Shelby County, TX

 

#2011009167

 

November 9, 2011

Terry County, TX

 

Book 824, Page 665; #254562

 

November 10, 2011

Upton County, TX

 

Book 00861, Page 00712; #00152847

 

November 10, 2011

Ward County, TX

 

Volume 919, Page 765; #11-4913

 

November 9, 2011

Winkler County, TX

 

#C7101

 

November 9, 2011

 

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EXHIBIT B-1

Summit Subject Properties

 

[See attached]

 

--------------------------------------------------------------------------------

 

Exhibit B-1

 

LESSOR

 

LESSEE 

 

EFFECTIVE DATE

 

DESCRIPTION

 

COUNTY

 

STATE 

 

BOOK

 

PAGE 

 

ENTRY

Leases:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SAMSON LONE STAR LLC, ET AL

 

J DAVID WILLIAMS OIL AND GAS PROPERTIES

 

10/30/2000

 

SEC 108: NE

 

UPTON

 

TX

 

704

 

764

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SAMSON RESOURCES COMPANY

 

MIDLAND OIL AND GAS INC

 

1/1/1988

 

SEC 108: E2SW, W2SE

 

UPTON

 

TX

 

546

 

718

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Minerals:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SAMSON LONE STAR LLC, ET AL

 

ENDURO OPERATING LLC

 

 

 

CCSD&RGNG RR CO BLK D
SEC 90: NE, NESE, E2NW, E2SW, SWSW
SEC 104: N2
SEC 108: E2NE, NWNE, NWSW, E2SW
SEC 110: S2
SEC 112: ALL
SEC 90: W2NW, NWSW, W2SE, SESE, BLOCK D, CCSD&RGNG RR CO SURVEY, A-1546

 

UPTON

 

TX

 

 

 

 

 

00150830

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SAMSON LONE STAR LLC, ET AL

 

ENDURO OPERATING LLC

 

 

 

ALL OF THE OIL, GAS AND OTHER MINERALS IN AND UNDER THAT MAY BE PRODUCED FROM
THE FOLLOWING DESCRIBED LANDS:

BLOCK D, CCSD&RGNG RY CO SURVEY SEC 108: SWNE, SE, SWSW

ALL OF THE OIL, GAS AND OTHER MINERALS IN AND UNDER THAT MAY BE PRODUCED FROM
THE FOLLOWING DESCRIBED LANDS:

BLOCK D, CCSD&RGNG RY CO SURVEY SEC 108: NW, E2NE, NWNE, N2SW, SESW

 

UPTON

 

TX

 

 

 

 

 

00150830

 

1

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EXHIBIT B-2

Parsley Subject Properties

 

[See attached]

 

--------------------------------------------------------------------------------

 

Exhibit B-2

 

LESSOR

 

LESSEE

 

EFFECTIVE DATE 

 

DESCRIPTION

 

COUNTY

 

STATE

 

BOOK

 

PAGE

JAMES W FRANKLIN

 

RBP LAND COMPANY

 

10/16/1994

 

T&P SURVEY A-1024 BLK 33
SEC 8: NW

 

HOWARD

 

TX

 

707

 

681

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

WYNELLE FRANKLIN HALE ET

 

RBP LAND COMPANY

 

10/16/1994

 

T&P SURVEY A-1024 BLK 33
SEC 8: NW

 

HOWARD

 

TX

 

709

 

431

 

1

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EXHIBIT B-3

Forge Subject Properties

 

[See attached]

 

--------------------------------------------------------------------------------

 

Exhibit B-3

 

LESSOR

 

LESSEE

 

EFFECTIVE DATE

 

DESCRIPTION

 

COUNTY

 

STATE

 

BOOK

 

PAGE

TEXAS GENERAL LAND OFFICE
UL-58848

 

PAN AMERICAN PETROLEUM CORPORATION

 

12/9/1965

 

WARD COUNTY TX
321.3 ACRES OUT OF N2 SECTION 20 BLK 16 UNIVERSITY LANDS SURVEY A-20U

 

WARD

 

TX

 

290

 

209

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

STATE OF TEXAS
UL-62226

 

SUN OIL COMPANY

 

6/13/1968

 

BLK 18, UNIVERSITY LANDS SURVEY
SEC 4: W2

 

WARD

 

TX

 

318

 

161

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

STATE OF TEXAS
UL-62228

 

SUN OIL COMPANY

 

LEASE 6/13/1968
JOA 12/1/1971

 

W/2 OF SECTION 6, BLOCK 18, UNIVERSITY LANDS SURVEY,
WARD COUNTY, TEXAS.

 

WARD

 

TX

 

318

 

158

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

STATE OF TEXAS
UL-41601 & UL-41600

 

MAGNOLIA PETROLEUM COMPANY

 

LEASE 12/11/1953 JOA 12/1/1971

 

E/2 OF SECTIONS 5 & 6, BLOCK 18, UNIVERSITY LANDS SURVEY,
WARD COUNTY, TEXAS.

 

WARD

 

TX

 

161

 

37 & 39

 

1

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EXHIBIT B-4

DE Midland Subject Properties

 

[See attached]

 

 

--------------------------------------------------------------------------------

 

Exhibit B-4

 

LESSOR

 

LESSEE

 

EFFECTIVE DATE

 

DESCRIPTION

 

COUNTY

 

STATE

 

BOOK

 

PAGE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

IRMA WRAGE HENDRICKSON ET AL

 

R.L YORK

 

2/7/1944

 

T&P RR CO SURVEY BLK 36 T3S A-407
SEC 33: S2S2

 

GLASSCOCK

 

TX

 

53

 

513

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

T&P RR CO SURVEY A-411
SEC 41: N2NW

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MRS W A HUTCHISON ETAL

 

PETE DROPPLEMAN & FRANK J DOWNEY

 

11/18/1943

 

GLASSCOCK COUNTY, TX

 

GLASSCOCK

 

TX

 

53

 

593

 

 

 

 

T&P RR CO A-1173 BLOCK 36 T4S

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SECTION: 18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

METES & BOUNDS: INSOFAR AND ONLY INSOFAR AS SAID LEASE COVERS SECTION 18, BLOCK
36, T4S IN GLASSCOCK COUNTY, TEXAS

 

 

 

 

 

 

 

 

 

1

--------------------------------------------------------------------------------

 

EXHIBIT B-5

Chisholm Subject Properties

 

[See attached]

 

--------------------------------------------------------------------------------

 

Exhibit B-5

 

TYPE

 

LESSOR

 

LESSEE

 

DATE

 

CO

 

ST

 

BK/PG

 

TRACT LEGAL DESCRIPTION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEASE

 

ST OF NM OG-784

 

SUNRAY MID-CONTINENT OIL COMPANY

 

04/16/1957

 

EDDY

 

NM

 

80/139

 

T19S-R28E: SEC 12: S2SE

T19S-R28E: SEC 13: N2NW

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEASE

 

ST OF NM E-4397

 

SUNRAY MID-CONTINENT OIL COMPANY

 

10/10/1950

 

EDDY

 

NM

 

258/718

 

T19S-R28E: SEC 12: N2SE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEASE

 

BLM NMNM0428657

 

T A FRASER

 

09/01/1963

 

EDDY

 

NM

 

136-267

 

T19S-R28E: SEC 34: W2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEASE

 

BLM NMNM40406

 

EVA G MANNING

 

12/01/1972

 

LEA

 

NM

 

N/A

 

T20S-R34E: SEC 6: NW

T20S-R34E: SEC 6: S2
T20S - R33E: SEC 12: N2NE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEASE

 

BLM NMNM12413

 

M N HAHN

 

10/01/1970

 

LEA

 

NM

 

N/A

 

T19S-R32E: SEC 25: NW

T19S-R32E: SEC 25: SE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEASE

 

BLM NMNM077006

 

W E BONDURANT JR

 

01/01/1952

 

LEA

 

NM

 

110/16

 

T19S-R32E: SEC 24: SE

T19S-R32E: SEC 25: NE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEASE

 

BLM NMNM0473362

 

GEO A LAUCK

 

01/01/1964

 

EDDY

 

NM

 

N/A

 

T19S-R28E: SEC 34: E2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEASE

 

BLM NMNM113415

 

SAMSON RESOURCES COMPANY

 

03/01/2005

 

LEA

 

NM

 

N/A

 

T19S-R33E: SEC 24: SESE

T19S-R33E: SEC 24: N2SE, SWSE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEASE

 

STATE OF NM E0-1924-0001

 

W A YEAGER

 

06/10/1948

 

LEA

 

NM

 

72/170

 

T21S-R34E: SEC 1: LOTS 1, 2, 7 , 8 , 9

T21S-R35E: SEC 32: NE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEASE

 

STATE OF NM E0-1921-0002

 

ERLE PAYNE

 

06/10/1948

 

LEA

 

NM

 

72/179

 

T21S-R35E: SEC 17: S2
T21S-R34E: SEC 2: LOT 1, LOT 2, LOT 7, LOT 8, LOT 9, LOT 10, LOT 15, LOT 16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEASE

 

STATE OF NM E0-1932-0001

 

ERLE PAYNE

 

06/10/1948

 

LEA

 

NM

 

72/182

 

T23S-R34E: SEC 9: N2

 

1

--------------------------------------------------------------------------------

 

TYPE

 

LESSOR

 

LESSEE

 

DATE

 

CO

 

ST

 

BK/PG

 

TRACT LEGAL DESCRIPTION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEASE

 

BLM NMNM13280

 

PHILLIPS PETROLEUM COMPANY

 

07/01/1951

 

LEA

 

NM

 

93/343

 

T20S-R33E: SEC 11: SE SW, W2 SE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEASE

 

BLM NMNM05470C

 

EDGAR F PURYEAR ETAL

 

06/01/1951

 

EDDY

 

NM

 

N/A

 

T19S-R31E: SEC 15: NESE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEASE

 

BLM NMNM01059

 

BAY PETRO CORPORATION

 

09/01/1951

 

LEA

 

NM

 

N/A

 

T20S-R33E: SEC 15: NE NE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEASE

 

BLM NMNM13279

 

BAY PETROLEUM CORPORATION

 

09/01/1951

 

LEA

 

NM

 

N/A

 

T20S-R33E: SEC 15: E2 NW, N2 SE, NE SW, SE NE, W2 NE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEASE

 

STATE OF NM B0-1439-0007

 

FRANCIS C WILSON

 

11/28/1932

 

LEA

 

NM

 

N/A

 

T21S R35E: SEC 7: NE4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEASE

 

BLM NMNM18613A

 

WAYNE S AMES

 

07/01/1973

 

EDDY

 

NM

 

105/233

 

T24S-R28E: SEC 18: SENW
T24S-R28E: SEC 18: SESE
T24S-R28E: SEC 18: LOT 4, E2SW, N2SE, SWSE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEASE

 

STATE OF NEW MEXICO
K0-1459-0001

 

PAN AMERICAN PETROLEUM CORPORATION

 

05/16/1961

 

LEA

 

NM

 

196/134/32532 T25S R33E: SEC 32: ALL

 

 

 

 

 

 

 

 

 

 

 

 

 

JOA

 

LOUIS DREYFUS NATURAL
GAS CORP

 

CHI ENERGY INC ETAL

 

6/1/1998

 

 

 

 

 

N/A

 

T19S-R35E
SEC 22: W2 LESS SENW & NENW , LEA CO, NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

JOA

 

SINCLAIR OIL & GAS COMPANY

 

UNION TEXAS PETROLEUM, ETAL

 

03/15/1962

 

 

 

 

 

N/A

 

T20S-R33E: SEC 11: N2SW
T20S-R33E: SEC 14: N2SW

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LEASE

 

STATE OF NM E0-1923-0000

 

PHILLIPS PETROLEUM COMPANY

 

06/10/1948

 

LEA

 

NM

 

74/97

 

T21S-R34E
SEC 14: N2

 

2

--------------------------------------------------------------------------------

 

EXHIBIT B-6

Oxy Subject Properties

 

[See attached]

 

--------------------------------------------------------------------------------

 

EXHIBIT B-6

 

LESSOR

 

LESSEE

 

DATE

 

CO

 

ST

 

BK

 

PG

 

ENTRY

 

LEGAL DESCRIPTION

BLM NMNM0553906

 

E B HALL

 

8/1/1964

 

EDDY

 

NM

 

164

 

298

 

 

 

T21S-R31E
SEC 30: LOT 1 (39.28 ACS), LOT 2 (39.36 ACS), LOT 3 (39.44 ACS), LOT 4 (39.52
ACS),
E2W2, W2SE, NESE; and

SEC 31: LOT 1 (39.58 ACS), LOT 2 (39.62 ACS),
LOT 3 (39.66 ACS), LOT 4 (39.68 ACS),
E2, E2W2;
INSOFAR AND ONLY INSOFAR AS LYING BELOW 100’ BELOW THE BASE OF THE DELAWARE
FORMATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

STATE OF NM V-3604

 

J R COLLINS INC

 

3/1/1991

 

EDDY

 

NM

 

256

 

831

 

968297

 

T21S R31E
SEC 35: ALL;
INSOFAR AND ONLY INSOFAR AS LYING BELOW 100’ BELOW THE BASE OF THE DELAWARE
FORMATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BLM NM0417696

 

C H THIERIOT

 

9/1/1963

 

EDDY

 

NM

 

123

 

298

 

 

 

T22S-R31E
SEC 3: LOT 1 (40.05), LOT 2 (39.92), LOT 3 (39.78), LOT 4 (39.65), S2N2, S2; and

SEC 4: LOT 1 (39.63), LOT 2 (39.75), LOT 3 (39.85), S2N2, S2
INSOFAR AND ONLY INSOFAR AS LYING BELOW 100’ BELOW THE BASE OF THE DELAWARE
FORMATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BLM NMNM96231

 

POGO PRODUCING COMPANY

 

3/1/1996

 

EDDY

 

NM

 

263

 

933

 

 

 

T21S R31E
SEC 33: ALL;
INSOFAR AND ONLY INSOFAR AS LYING BELOW 100’ BELOW THE BASE OF THE DELAWARE
FORMATION

 

--------------------------------------------------------------------------------

*As used in this Exhibit B-6, the “Base of the Delaware Formation ” shall mean
the stratigraphic equivalent of the base of the Delaware as shown on the log
pick for the following well:

 

API:

3001534918

Orig Operator:

Pogo Producing Company

Well # & Name:

Lost Tank Fed # 20 Well

Location:

T22S R 31E Section 4 1330’ FNL & 510’ FEL

Logging Date:

8/26/2006

Base of the Delaware:

8,907’

 

1

--------------------------------------------------------------------------------

 

EXHIBIT B-7

QEP Subject Properties

 

[See attached]

 

--------------------------------------------------------------------------------

 

Exhibit B-7

 

LESSOR

 

LESSEE

 

EFFECTIVE DATE

 

DESCRIPTION

 

COUNTY

 

STATE

 

BOOK

 

PAGE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXCHANGE OIL GAS CORP

 

R K PETROLEUM CORP

 

2/18/1974

 

T&P RR CO SURVEY BLK 37 T2N SEC 1: E/2NE

 

MARTIN

 

TX

 

153

 

241

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LAMESA NATIONAL BANK ET A

 

R K PETROLEUM CORP

 

2/1/1971

 

T&P RR CO SURVEY BLK 37 T2N SEC 1: NE

 

MARTIN

 

TX

 

137

 

150

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UNITED STATES SMELTING REFINING

 

R K PETROLEUM CORP

 

5/14/1971

 

T&P RR CO SURVEY BLK 37 T2N SEC 1: NE

 

MARTIN

 

TX

 

137

 

814

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TEXAS LAND MORTGAGE COM

 

R K PETROLEUM CORP

 

2/12/1971

 

T&P RR CO SURVEY BLK 37 T2N SEC 1: NE

 

MARTIN

 

TX

 

135

 

238

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RICHARD S ANDERSON

 

R K PETROLEUM CORP

 

2/12/1971

 

T&P RR CO SURVEY BLK 37 T2N SEC 1: NE

 

MARTIN

 

TX

 

135

 

237

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SAMEDAN ROYALTY, LLC

 

R K PETROLEUM CORP

 

5/15/2015

 

T&P RR CO SURVEY BLK 37 T2N SEC 1: SE/4NE

 

MARTIN

 

TX

 

452

 

229

 

1

--------------------------------------------------------------------------------

 

EXHIBIT B-8

Tracker Subject Properties

 

[See attached]

 

--------------------------------------------------------------------------------

 

Exhibit B-8

 

LEASES

 

Assignee Lease No.:

 

TX1814

Lessor:

 

Cashdollar Royalty Trust, a trust created by deed of trust dated

 

 

March 1, 1954

Lessee:

 

MWJ Producing Company

Date:

 

October 27, 1976

Lands:

 

Section 66, Block 14, H&TC RR Co. Survey, Abstract 998,

 

 

Irion Co., TX

Recorded:

 

Volume 39, Page 313, Oil and Gas Lease Records of Irion Co., TX

 

 

 

Assignee Lease No.:

 

TX1815

Lessor:

 

Colonial Royalties Company, a Delaware Corporation

Lessee:

 

MWJ Producing Company

Date:

 

October 28, 1976

Lands:

 

Section 66, Block 14, H&TC RR Co. Survey, Abstract 998,

 

 

Irion Co., TX

Recorded:

 

Volume 39, Page 311, Oil and Gas Lease Records of Irion Co., TX

 

 

 

Assignee Lease No.:

 

TX1816

Lessor:

 

F. W. Snyder, a single man

Lessee:

 

Joseph S. Gruss

Date:

 

April 16, 1973

Lands:

 

Section 66, Block 14, H&TC RR Co. Survey, Abstract 998,

 

 

Irion Co., TX

Recorded:

 

Volume 32, Page 74, Oil and Gas Lease Records of Irion Co., TX

 

1

--------------------------------------------------------------------------------

 

Assignee Lease No.:

 

TX1817

Lessor:

 

Verlis Branch Tucker, whose husband is George Tucker

Lessee:

 

Bill B. Chappell

Date:

 

January 3, 1977

Lands:

 

Section 66, Block 14, H&TC RR Co. Survey, Abstract 998,

 

 

Irion Co., TX

Recorded:

 

Volume 39, Page 469, Oil and Gas Lease Records of Irion Co., TX

 

 

 

Assignee Lease No.:

 

TX1818

Lessor:

 

Henry Cravens and wife, Margaret E. Cravens; Sidney P. Cravens,

 

 

Phillip L. Cravens and Richie F. Cravens

Lessee:

 

MWJ Producing Company

Date:

 

June 27, 1968

Lands:

 

Section 78, Block 14, H&TC RR Co. Survey, Abstract 965,

 

 

Irion Co., TX

Recorded:

 

Volume 25, Page 175, Oil and Gas Lease Records of Irion Co., TX

 

2

--------------------------------------------------------------------------------