Document:

exv10w9

 

Exhibit
10.9

	Exhibit 10.10

	FRO PROSPECT

	ASSIGNMENT OF OIL AND GAS LEASES

	This Assignment of Oil and Gas Leases is by and between Caza Energy LLC, a New
Mexico limited liability company, with a mailing address of P.O. Box 1767, Artesia, New Mexico
88211 (“Assignor”), and COG OIL & GAS LP, with a mailing address of 550 West Texas, Suite 1300,
Midland, TX 79701 (“Assignee”).

	Assignor, for valuable consideration paid to Assignor by Assignee, the receipt and sufficiency of
which is hereby acknowledged, does hereby grant, bargain, sell, convey and assign, set over and
deliver unto Assignee, its heirs, successors and assigns the specific interest set-out for the Oil
and Gas Leases described in Exhibit “A,” insofar and only insofar as said leases cover the lands,
depths and interests specified in Exhibit “A,” without any express or implied warranties of title,
merchantability, or fitness for a particular purpose.

	The interests assigned herein are subject to the following:

	(a) All royalty, overriding royalty and other lease burdens, if any, of record
in Chaves County, New Mexico or Eddy County, New Mexico, to the extent of the interests
assigned herein;

	(b) All of the terms and provisions contained in the assigned leases.

	EXECUTED, this 20th day of April 2006, but effective as of March
1, 2006.

	CAZA ENERGY LLC

	/s/ Ronald W. Lanniing
——  
Ronald W. Lanniing, Attorney Fact

	STATE OF NEW MEXICO §

	COUNTY OF EDDY §

	The foregoing instrument was acknowledged before me this 18th day of April, 2006 by
Ronald W. Lanning, Attorney in Fact for Caza Energy LLC, a New Mexico limited liability
company.
My Commission Expires: June 6. 2009 /s/ Doneta Hopper
——  Notary
Public

 

 

	EXHIBIT “A”

	Attached to and made a part of that certain Assignment of Oil and Gas Leases dated April 20, 2006 but effective
rch 1, 2006 from Caza Energy LLC, as Assignor and COG Oil & Gas LP, as Assignee.

	LAND# COUNT            TWP            RNG            I SEC ! GROSS iACRES            COG INTEREST
Chaves Chaves 14-s 21-E l_36 36 320.00T “0726250000
Chaves 14-S 14-S 21-E T 31_ ! ~~O26250000
Chaves 15-S 22-E I 36 i ~O.2B2500“0Q
Chaves            l5-S 20-E ‘! 36” j 320.00J            O56250000
15-s; 20-E 01 ! 0.26250000
15-S 2!-E 03 04 “! 644.23~[ 6T262’50000
15-S 15-S 21-E 21-E            i’~03 ~09 J___i i “026250000
t5-S 21-E 2tl” : ^o~ 320.00 “0.26250000
15-s 21-E 13~ I 32O00”
15-S 2~Te . 15 64000 i
15-S 21-E 21-E ‘ 23 128268;
15-S 21-E _p5 ; 22 I            i
21 ‘! ~880.0d~”
02 13 ‘ ~~640.00 i
“72O00!
1 i
! i44ulK)j
320.00r 1
‘ ~~240^001 1 1
LEASE NAME            LESSOR            LESSEE            DATE            STATE            LANDS
nwT \SJ2 1
NM In/2 |
NM “Tols 1-4; Efi; E/2W/2
NM
nm
NM            NM
NM
NM
NM
NM
NM
NM
01397A
STNMVA-2824-1 State of New Mexico            Douglas W. Ferguson 03/01/2003 03/01/2003
01402A
01354A
01398A            ST NM VA-2844-1 State of New Mexico            Douglas W. Ferguson
FEDNMNM-108924 STNM            United Slates of America            Douglas W. Ferguson 09/01/2002
VA-2825-t            Douglas W. Ferguson |
State of New Mexico 03/01/2003 N/2
:s/2
i
lLots 1,2^4, ~S/2N/2, S/2
!
‘Lots 1,2,3.4”! S/2N/2, S/2
:Lo“ls 1, 2, 3. & ~£~SI2UJ2/SI2
~S/2NE/4, StrVT^ N/2SE/4 S/2NE/4; N/2NW/4;
W/2SW/4
01403A            STNMVA-284M            State of New Mexico            Douglas W, Ferguson 03/01/2003 03/01/2003
FEDNMNM-109739 03/0172003
013S0A            United Slates of America            Douglas W. Ferguson            Chaves
Chaves
Chaves
01391A 0I392A —
01393A            FEDNMNM-1O9740 United States of America            Douglas W. Ferguson            Chaves Chaves
United Slates of America
FEDNMNM-103741 Douglas W. Ferguson 03/01/2003
0.26250G0O0.26250000
O!262“50000
026250000
0.“26250000
072¥25“60DO
IS/2NW/4; SW/4; W/2SE/4 !AII
:W/2r SE/4SE/4
FEDNMNM-109742 United States of Am
erica            Douglas W. Ferguson            i 03/01/2003
01394A            FEDNMNM-109743 United Stales of America            Douglas W. Ferguson 03/01/2003
!
NW/4NE/4; S/2NW/4; SW/4; W/2NE/4
03/01/2003 N/2NE/4. W/2
G1395A            FEDNMNM-109744 United Slates of America            Douglas W. Ferguson            Chaves
15-S            i 21-E 21-E 21-E            S/2NE/4
___;W/2E/2t VW2 iE/2rE/2W/2
15-S 15-S !s/2
15-S            INE/4, VW2SW
15-S
15-S :
i
0I382A 0I383A            i
Chaves
ST NM VA-2767-1 Slate of New Mexico            Douglas W. Ferguson 02/01/2003 21-E 2T1
! 21-E
STNMVA-2770-1 ! Stale of New Mexico            Douglas W. Ferguson 02/01/2003 Chaves
01384A            STNMVA-277M •Stale of New Mexico            Douglas W. Ferguson 02/01/2003 Chaves 15 NE/4NE/4, S/2NE/4, N/2NW/4, E/2SE/4 ! 260.ODJ
i

1

 

	LANUff            LfcASfc NAME            LESSOR LESSEE i DATE COUNTYi state; TWP            RNG : SEC LANDS         
   GROSS: COG
——  ——  —
i ACRES i            INTEREST
 —  ——  —
01385A            STNMVA-2773-1 State of New Mexico            Douglas W. Ferguson | 02/01/2003 ; Chaves            j            NM 1S-5 21-E 22 E/2E/2 160.00 0.26250000
Lots 1(40.07).
j 2(40.22), 3(40.38),
01386A            STNMVA-2700-1 State or New Mexico ] Doug las W. Ferguson            i J O2/01/2O03 Chaves            NM 15-5 21-E 02 i 4(40.53), S/2N/2 321.20 0.26250000
——  ——  ——  ——  ——  ——   —  ——  ——  —
01387A            STNMVA-2794-1 Slate of New Mexico            Douglas W. Ferguson 02/01/2003 Chaves            NM 15-S 21-E            I            S/2 320.00 0.26250000
! 16
01388A            STNMVA-2795-1 Slate of New Mexico “Douglas W. Ferguson ! 02/01/2003 Chaves            NM 15-S “ 21-E 20 SW/4NW/4, S/2 360.65T 0^26250000
i
01342A            FED NMNM-108687 United Slates of America            Douglas W. Ferguson            j            Chaves            NM 15-S 21-E 05 Lots 1, 2, 3 S. 4; 642.00 0.26250000
; 09/01/2002 S/2N/2; S/2
0I343ATM~ FED NMNM-1086B8 :Umted Slates or America            Douglas W. Ferguson • 09/01/2002 Chaves            NM 15-S 21-E ! 12 All 640.00 0.26250000
0I345A            FED NMNM-108890 Untied Slates of America            Douglas W. Ferguson 09/01/2002 Chaves            NM            i 15-S 21^E 19 ‘Lots 1,2. 642.76- O.26250000
37 &4,
E/2, E/2W/2
0I355A !FED NMNM-106925 United Steles of America            Douglas W. Ferguson 09/01/2002 Chaves            t 15-S 22-E is All 640.00: “6.26250000
!
NM |
W/2, S/2SE/4
NM            j 22-E            E/2, E/2NW/4,
01081A :FED NMNM-107499
 United Stales of America • Douglas W. Ferguson            j 11/01/2001 j            Chaves i 15-S 15-S 22-E ’ 21 1 "* SW/4NW/4, SW/4 168O00J 0.262500“00
——  ——  ——  ——  ——   —  ——  ——  ——  —
- 1 15-S 22-E ; 23 All .
 —   —  ——  ——  —
 —  Kn,u.-u,,m,,L-,,,u            I            i 15-S 22-E ; 33 SH4SW/4 — — . —
——   —  ——  ——  ——   —  —
01396A            FED NMNM-109745 United Stales of America ! Douglas W, Ferguson            i 03/01/2003 Chaves            NM 15-S 22-E 22-E “ 22 “~23~ N/2 N/2, S/2S/2 880.00 O.26250000
Tfr-s            E/2, E/2W/2,
NW/4NW/4, SW/4SW/4
01399A            STNMVA-2B26-1 State of New Mexico : Douglas VU. Ferguson ; 03/01/2003 Chaves            NM ‘ I53S —22-E 16 S/2 320.00; 0.26250000
01400A            STNMVA-2828-1 Slate of New Mexico            Doulglas W. Ferguson            i            Chaves            NM ~ISS 22-E 32 S/2 ~32O.“0b1 ~~ 0^26250000
! 03/01/2003
01404A ! Stale of New Mexico ; Douglas W. Ferguson 1 Chaves            NM ; Is-s 22-E 16 N/2 i _ 0.26250OD0
! • 03/01/2003 32O00:
:STNMVA-284B-1 .
01405A            STNMVA-2847-1 Stale of New Mexico            i 03/01/2003 Chaves 1 NM            T 15-S 22-E            I 2\ NE/4, N/2 SE/4 ~ 24OQ0’ O.26250000
iCoulgasW. Ferguson
01406A            I STNMVA-2848-1 Slate of New Mexico            jDouglasW. Ferguson 03/01/2003 Chaves            i NM            T5-S 22-E I 2Z > S/2 N/2, N/2 320.00 0.26250000
S/2
01407A :STNMVA-2849-1 ; Slate of New Mexico            iDouglas W. Ferguson ‘ 03/01/2003 Chaves            NM~ 15-S 22-E * 32 N/2 32o“oOj
i
01472A :FED NMNM-111517 i United States of America .Caza Energy LLC : 05/01/2004 ! Chaves            NM 15-S 22-E 04 Lots 1,2, 3 & 4: 124Z60 0.26250000
——  i ——  ——   —  ——   —  S/2N/2; S/2 ,
 —  —
| i | 15-S 22-E            OS            NE74NE/4; S/2NE/4; i
 —   —   —  —   —  NW/4; i S/2 —
j
—
014 01A ;STNMVA-2829-1 State of New Mexico            Douglas W. Ferguson • 03/01/2003 j            Chaves • NM ‘ 16-S 20-E : 02 Lots 1(27.47). 268.72 0.26250000
i            i            i 2(27.26),
‘ 3(27.08),
4(26.69), 5(40.00),
: 6(40.00),
7(40.00), 8(40.00)
!

2

 

	1 DATE            COUNTY jSTATE            TWP            RNG            LANDS            SGROSS IACRES
LAND# LEASE NAME            LESSOR            LESSEE ; j            I6-S” 20£ = SEC            All            i 1280-00 COG LNTEREST
—
01340A”
FED NMNM-108885 United Slates or            Doug (as W. Ferguson            j 09701/2002 Chaves            NM I 13 0.26250000
America ——  ——  j 14 —
——  02”
014D8A 01409A            i            NM ib-s^ 20-E .All 0.26250O0O0.26250000
i ——  ——  i 0.2250000 0.26250000
 —  -
STNMVA-2B50-1 Stale of New Mexico            Douglas W. Ferguson | 03/01/2003’Chaves 16-S 20-E            jS/2 320.00
——  ——  ——  ——  ——  ——  ——  —
STNMVA-2B5M            Stele or New Mexico            Douglas W. Ferguson            I 03/01/2003 .Chaves j 16-S 17-S 20-E            Xots 9(40.00), 320.00
——  ——  ——  I I ——  10(40.00), 1273.43
-—  j11<40.00), i
12(40.00), M3(40.00),
14(40.00), J15(40,00),
16(40.00)
Lot5 1,2, 3 &4; NW/4;
S/2 i
0134IA
013B9A
01598A 01675A
01676A 011S1A” United States or
Q1346A fed NMNwi-ioeeee            America            Douglas W. Ferguson            j 09/01/2002 | Chaves            NM NM 20-E ‘ 22
——  ——  ——  ——  ——  —
17-S 20-E 27 26 All            I 1280.00
——  ——  —
FED NMNM-10973B ; United States or            Douglas W. Ferguson : 03/01/2003 jChaves 17-S 17-S 20-E 20-E            All
America ——  ——  19-S 2{Tl£ —
—
I ;ah            j
 —  N/2 [”
320.00
i
ST NM V-7537 ; Slate or New Mexico            Caza Energy LLC 09/01/2005 -Chaves            NM 16 ; 04 O.26250000
——  ——  ——  ——  NM 1 O.26250000
; 04 0.26250000
27 Q.26250000 “
• 12 0.26250000
: 01 0.26250000
j 03
ST NM V-
7713 ; Stale of New Mexico            Caza Energy LLC 03/01/2006 jChaues 19-S 19-S 15-S 20-E 20-E 22-£ Lots 1-4: SE/4NE/4 | 199.68
——  ——  ——  ——  16-S ——  i ‘ 40.00
“4000
1201.75
ST NM V-7714 Stale or New Mexico : Caza Energy LLC 03/01/2006 Ichaves            NM            NE/4SE/4 NW/4NW/4
——  ——  ——  ——  —
FED NMNM-108022 FED ‘United States of            Douglas w. Ferguson 03/01/2002 :Eddy            NM
NMNM-108S91 America            i ——  NM
——   —  NM
: United Slates of : Douglas W. ‘ 09/01/2002 Eddy 21-E            E/2, NW/4, N/2SW/4,
America            Ferguson ——  ——  SW/4SW/4 jLotsI thru 16
——  —
6J347A • 1 i 16-S 21-E
 —  t  —  ——  —
-
jFED NMNM-108892 United Slates of            Douglas W. Ferguson ; 09/01/2002 Eddy 16-S 16-S 21-E            iLolsl thru 16, S/2 (All) 2246.86
America ——  ——  ——  .Lots
——  1.3,4,8,9,12,13,14,
‘15,16, and S/2 (Ail)
i i 21-E ‘ 04 09
-—  —
i            t i 16-S 21-E 21-E ‘Ail i _.
 —  i ——  ——  i 1029.13
 —  i
j Douglas W. 05
jFEDNMNM-108893 Ferguson 06
i            United Slates of            i ‘ 07 |Lots 1,3,4,5,6,9,13,16,
D1343A i America            j            j 09/01/2002 Eddy            NM 16-S            j 08TM and :S/2 0.262500000.26250000
——  ——   —  ——  ——  ——  —
01349A            i i : NM 16-S 21-E 1018 2,3,4,5.6,7,10,11, i
i            i : ——  ——  ‘12,13,14, 15, and -
I ——  SE/4SW/4, S/2SE/4 Lois
 —  1-4; E/2;E/ZVW2
jFEDNMNM-108934 United Stales of            i Douglas W. j 09/01/2002 [Eddy 16-S 21-E “ 21-E      , 1129.22
——  America            Ferguson ——  ——  —
——  —
] i 16-S :Ali
 —   —  ——  —
D1350A o’l351A            jFEDNMNM-108895 United Slates of            i Douglas W. ; 09/01/2D02 JEddy            NM 16-S 16-S 21-E -10 Al 1280.00 0.262500000.26250000
——  America            Ferguson ——  ——  11 —
——  —
j            I 21-E            All
 —   —  ——  —
IFEDNMNM-108B9S            United States of 1 Douglas W. 09/01/2002 jEddy            NM 16-S 21-E 2VE 15 Lots 1,2, 3, 4, 5, 6,        , 1304.66,
——  America            Ferguson ——  ——  7and 6, jW/2
——  ——  jLols1,2,3,4,W/2,SE/4
16-S
—

3

 

	COG INTEREST
0.26250000
0.26250000
GROSS 0.26250000
ACRES 0^26250000
“1270lJ8 “164^32 0.26250000
i 0.26250000
i            a26250000
j 280.56 0.26250000
320.00 22036 0.26250000
: o2625fl’000
308^82 0.26250000
Y STATE 271.77 0.26250000
: ; 326TQ0" 0.26250000

	;NM            SEC            LANDS 32O00 dT26250000
DATE I COUNT            i 17 All            r 320.00 O.2625000D
LANU& LfcASE NAME LESSOR            LESSEE 1 . ;nm TWP : RNG 20 Lots 1-4; N/2; SW/4 ‘ 1*20.00 0.26250000
—
01052A 01353A            FEDNMNM-108897 ; United States erf America            Douglas W. Ferguson 09/01/2002 iEddy 16-S 16-S            i 21-E 21-E
——  :
09/01/2002 Eddy
i
| United States of America
FEDNMNM-10399S            Douglas W. Ferguson 16-S 16-S 2T-E 21-E 18 i            Lots5,6. 7,
——  ——  16-S | 21-E 19 8,9,10,11,12, 13,
16-S “ 16-S            j            i i 14,15,
16-S 21-E            J___16,17,18,19arwJ 20
16-S 21-E i oz 10(5
1£s “ ” 21-¥ “^ 02 ___4,5,6,7,8,9,10,11,
I6-S            i            i 12, 13,14, IS, and
16-S 72t-E “T05 1 16, SE/4SW/4,
21^E 06 S/2SE/4
21-E            rf3 Lois 1(30.27),
| 2l"-E “j-16 2(30.18). 3(30.10),
; ; 01 -w 4(30.01), 5(40.00),
[Tl-E            TTs 6(40.00), 7(40.00),
21-E 21-E            i 8(40.00)
S/2
Iols2(29.36),
5(4000)’; 6(40.00),
7(40.00), 10(40.00)
& 11(40.00)
Tots
2(2S.82)T?:(40“od); 8(40.00);
10(40.00);
11(40.00);
12(40.00):
14(40.00); 15(40.00)
Lois 1(28.57);
8(40.00); 9(40.00):
16(40.00; 17(1.60);
18(1.60); NE/4SW/4;
N/2SE/4
S/2
S/2
LoTs9(40.“00)r70(40-0
0J;
11(40.00); 12(40.00);
13(40.00); 14(40.00);
15(40.00); and
16(40.00) _
N/2 “
W/2
E/2
i i i            i t ‘
——  -—  -
01410A 01411A .STNMVA-2874-1 iStale of New Mexico i            i Douglas W. Ferguson            Q4/O1/2003jEddy            NM
——  i I 1 l t ;nm
 —  -—  i nm 
 —  I
:NM
ISTNMVA-2B75-I | Stats of New Mexico            J Douglas W. Ferguson 04/01/2003 j Eddy
i ——  ——  04/01/2003 iEddy
 —  : i
04/01/2003 Eddy
< i
i
‘Slate of New Mexico            jDouglas W. Ferguson
iST NM VA-2B76-1 i            i
0I412A            i [State or New Mexfco            iDougfas VJ. Ferguson
——  -
014I3A
D1414A 01415A |5TNMVA-2877-f
—
ST NM VA-287S-1 State or New Mexico Slate or New            Douglas W. Ferguson ‘ 04/01/2003 -Eddy            NM
STNMVA-2879-1 Mexico ——  j ;NM
* 04/01/2003 ‘Eddy            NM
t “NM
rNM i
mm
i Douglas W. Ferguson
—
01416A 01417A .STNMVA-2880-1 State of New Mexico            i Douglas W. Ferguson 04/01/2003 Eddy
——  ——  ——  —
STNMVA-2S93-1 > State of New Mexico \ Douglas W. Ferguson 04/01/2003 Eddy I
——  [Stale of New Mexico            t i            O4/01/2Q03lEddy
i -—  -
iStats of New Mexico ‘ 04/01/2003; Eddy”
01418A
01419A 01420A            STNMVA-2894-1 [Douglas W. Ferguson 16-S
——  ——  —
ST NM VA-2895-1 Douglas W. Ferguson 16-S 320.00 320.0D
——  ——  —
STNMVA-2896-1 i State of New Mexico            Douglas W. Feiguson 04/01/2003 iEddy 16-S
——  i ——  ‘ —
 —  03/01/2003-
Eddy I
NM
01368A            STNMVA-2331-0 tStale of New Mexico 1 ,, Gaza Energy LLC            NM NM 17-S | 36 320.00
——  ——  ——  ——  ——  —
03/01/2003 Eddy
01369A ‘STNMVA-2332-0 : Slate of New Mexico            Gaza Eneigy LLC            j 03/01/2003: Eddy i 17-S ; 21-E i 320.00
——  ——  ——  ——  ——  ——  —
01370A            ST NM VA-2833-0 Stele of New Mexico            JCaza Energy LLC i 17-S | 21-E i 36 W/2 320.00
——  ——  ——  ——  ——  ——   —  -—  —
4

4

 

	1 GROSS
acres ”
i 320.00 j
I 32000”
EM; 40.0d|
LEASE NAME            COUNTY’STATE            i            s            COG
LANDftt            i            j LESSOR            LESSEE            j            DATE            Eddy        &
nbsp;   SNM            TWP 2 IE            SEC            LANDS            j            INTEREST
—
01376A Q1422A 0153QA            jSTNMVA-2653-0 State of New Mexico            Caza Energy LLC : 17-S 17-S            i 34 E/2 0.262500000.26250000
——  ——  ——  03/01/2003 17-S            i —
——  r 33
j
I 32
I
ST NM VA-2890-0 : Slate of New Mexico            Caza Energy LLC ; 04/01/2003 Eddy            NM NM 2 IE            N/2

	——  ——  ——  12/07/2004 ——  ‘ 23^E —
23-E
[Kimmons, LodaA., etal            Kimmons, LodaA-, etal            Caza Energy LLC i            Eddy            AM that part of the
i i ——  ——  ——  E/2NW/4, lying East
i            of Hie West bank of
t i (he main ditch
-—  running North and
South through (he
approximate center
of the E/2NW/4 or
said Section 32.
—
01531A 01532A            Seeley, Helen Kathleen            Seeley, Helen KalhEeen            Caza Energy LLC 12/07/20D4 Eddy            NM 17-S ‘ 29 .S/2NW/4 120.00: O.26250000
——  ——  ——  ——  ——  ——  30 ——  —
I 17-S 17-S ; 23-E            SE/4NE/4
 —  ——  —
Seeley, Edward J., et al | Edward J. Seeley and            Caza Energy LLC 12/07/2004 JEddy i            NM 2^£ 29 SW/4 160.00 O.2625000D
——  Barbara Kelly ——  ——   —  i i 29 ——  i —
——  j 23-E | 23-E 30 ao.oo
01533A 01535A .Donaghe, Patty            IDonaghe, Patty ;Caza Energy LLC 12/07/2004 iEddy            NM 17-S            NW/4NW/4 O.262SO0D0
i ——  —
17-S 17-S            NE/4NE/4
—
jWeddige, Nadlne. et al            jWeddige, Nadine, et at            jCaza Energy LLC ‘ 12/BB/2004 Eddy            NM 23-E 31 SW/4SW/4 J 320.07; 0.262500000.26250000
——  ——  ——  ——  —  —  1 ——  ——  80.00.
 —  30.00-;” 56O09J -
1720.00’
1
i
320.00
‘ 160.00,
160.00J
320.00J
I
i | 17-S | 23-E . 32 . 32 E/2SW/4; S/2SE/4
 —   —  18-S_ ——  —
l 1 i | 23-E 23-E            Lots3and4;Ne4SW/4
 —  -—  23-E —
01535B 01535C            Eddy Eddy
01515A 0135BA            jWeddige, Billy            iWeddige, Billy            Caza Energy LLC 12/08/2004 Eddy            NM 17-S            S/2SE/4
——  ——  ——  ——   —  ——  —
:Ray, Frances Weddige .Ray, Frances Weddige            Caza Energy, LLC | 12/0872004 NM NM 17-S 32 E/2SW/4 0.26Z500000.26250000
i            i ——  ——  “17-S 28 : 26 —
i  —  18-S
-
iSTNMV-7112 i (stale of New Mexico            Caza Energy LLC | OS/D1/2O04 24-E            E/2, NW/4, N/2SW/4
j ——  ——  ——  —
-
[FEDNMNWH 09412 i United States of America            Caza Energy LLC | 12/0T/2002 Eddy            NM 21-E 21-E            S/2N/2, S/2 O.262500DD
——  ——  ——   —  ——  0.26250000
0.26250000
“025250000
0.26250000
b726250000
0.26250000
0“l362A 0I363A            i            I i 18-S 18-S 34 W/2NE/4, SE/4NE/4,
j -—  35 W/2, SE/4
—
j Eddy . 21 -E j 2l5T            Air
 —  —
jSTNMVA-2777-0 t State of New Mexico j            Caza Energy LLC            j 02/01/2003 NM 18-S 18-S 18-S 23 21 E/2
——  ——  ——  i            NM —
 —  NM
STNMVA-280O-Q | State of New Mexico            Caza Energy LLC 02/01/2003 Eddy Eddy 21-E            W/2W/2
——  i ——  ——  \21-E —
-
01364A 01365A            STNMVA-2B01-0 State of New Mexico I            Caza Energy LLC . 02/01/2003 22 S/2S/2
——  ——  ——  i ——  —
-
STNMVA-2B02-0 [Slate of Mew Mexico i            Caza Energy LLC ; 02/01/2003 Eddy            NM 18-S            j 21-E ‘. 23 W/2
——  ——  ——  ——  ——   —  la-s ——  ——  —
160.00 i
j 26 i ‘
01366A            STNMVA-2803-Q            jState or New Mexico            Caza Energy LLC 02/01/2003 Eddy            NM            I 21-E            I&
nbsp;           N/2N/2 00.00;
——  ——  ——  ——  ——  ——   —  ——   —  —
01367A            STNMVA-2B04-0 ISIate of New Mexico            Caza Energy LLC 02/01/2003 jEddy            NM 18-S 21-E 30 E/2SE/4
——  ——  ——  ——  ——   —  ——  ——  ——  —

5

 

	COG INTEREST
0.26250000
0.26250OO0
0.26250000
0.26250000
0.26250QD“o
“1X26250000
0.2625QC“O0
O2625b00“0
0.262500“oa
0.22968750
0.22360750
0.22968750
0.26250000
0”.2625D000
SEC 0.26250000
T 02 0.26250000
i            GROSS 0.26250000
f STATE            TWP 18-5 “ 03 ACRES 0.2B250000
LAND# LEASE NAME            LESSOR            LESSEE ‘ DATE            COUNTS =NM i 18-5 IfrS            RNG            j            LANDS &nb
sp;          i................... 0.05687500
—
01371A 01372ft
STNMVA-2B36-0 Slale of New Mexico            Caza Energy LLC 1 03/01/2003 | Eddy 21-E :Lo(s 449.76
——  ——  ——  ——  ——  ——  1(34.20), 2(33.02). i
3(31,86), 4(30.58), 1
S/2N/2, N/2S/2 I
Lots 1(29.54), 1
2(28.41), 3(27.29), i 511.40
4(26.16), S/2N/2, j
SW/4, K12GEI4 ’ i
;
491.80: -
320.00;
i ao.ooj
320.00
; 27eTi5.
‘j 320.00”
320.00 ’ 56048;
480.27 j
160.00: |
960.00
| 320”.00:
“r
480.00f t 280.0DS
STNMVA-2837-0 Slate of New Mexico            Caza Energy LLC            j 03/01/2003 Eddy Eddy            NM NM 21-E
——  ——  ——  i            NM NM :NM —
___.
jNM
04 . 32
: 31 ;
32
        . 05
; 31
25 Lots
14 15 1(24.94),2(23.61),
01 03 3(22.29), 4(20.96),
T23” S/2 N/2,
State of New Mexico : 03701/2003 1 21-E _  —  24 T25 N/2SW/4,SW/4SW/4,
01373A            jSTNMVA-2838-0 i            State of New Mexico Caza Energy LLC i 21-E            i .N/2SE/4.SE/4SE/4
——  ——  ——   —  —
;W/2
i
E/2NE/4
Caza Energy LLC :e/2
0I374A ‘ST NM VA-2839-0 t 03/01/2003 Eddy Eddy 1B-S 18-S            i
——  ——   —  —
01377A 0I378A 1ST NM VA-2856-0 State of New Mexico ;Caza Energy LLC 03/01/2003 21-E
——  ——  ——  ——  —
ST NM VA-2857-0 i            State of New Mexico ;Caza Energy LLC 03/01/2003 Eddy “Eddy 18-S “t8-5 21-E
——  : ——  ——  —
—
iLots 1(19.69);
and2(1B.46);
        .S/2NB4; SE/4
E(2 S/2
‘E/2SE/4
“
;ST NM VA-2899-0 SW/4NW/4; W/2SW/4;
C1423A            l i            State of New Mexico            iCaza Energy LLC 04/01/2003 21-E 23-E            SE/4SW/4
——  -—  ——  ——  —
011S3A            ST NM VA-2598 State of New Mexico            iCaza Energy LLC            i 05/01/2002 Eddy Eddy Eddy 18-S
——  ——  ——  ——  ——  —
: United :nm 18-S
01442A :FED NMNM-98794 Stales of America :Penwe[l Energy Inc. 06/01/1997 NM “18-S 18-S 23-E
——  ——  ——  ——  ——  —
01477A ;FED NMNM-100529 United States of ‘Costilla Energy Inc. 03/01/1998 23-E 23-E
America ——  ——  23E 23-E
23-E
___J- -
01478A 01481A 1m “nm 18-S 18-S            Lots 1, 2, 3, & 4,
S/2N/2 iLots 3 & 4-
S/2NW/4; S/2
“nw/4
All
: FED NMNM-100530 United States of            Costilla Energy Inc. j 03/01/1998 Eddy
——  America ——  —
—
FED NMNM-106900 United Slate or -Devon Energy Production Co., LPJ 09/01/2001 Eddy “Eddy 18-S
——  America ——  ——  “ia^s
——  18-S 18-S 1B-S 18-S
01454A “United Stales of
01509A 01511A ‘FED NMNM-103B42 America            Gary Green 03/01/2000 NM 23-E 23-E
——  ——  ——  —
N/2
N/2; N/2S/2
lSTNMV-7097 Stale of New Mexico            Caza Energy LLC 07/01/2004 Eddy :NM 23-E 28 33
——  ——  ——  : ——  :nm 23-E 05
07/01/2004 i 23-E _06
NM 23-E °9
i
ST NM V-7099 Slate of New Mexico            Caza Energy LLC            Eddy
——  ——  ——  —
0152SA            iLoya, Mercedes et a] Loya, Mercedes, et al            Caza Energy LLC 11/16/2004 Eddy            jW/2SW/4; SE/4SW/4
——  ——  ——  —
Eddy Eddy 18-S            jSE/4
——  —
01513A 01514A 01487A [McBride Oil and Gas            McBride Oil and Gas            Caza Energy LLC            j 07/I5/20EH            NM 18-S 24-E 24-E            SE/4 : 160.00;
i            Corporation ——  ——   —  ——  ——  —
 —  Bruce and Molly E.
Caskey
ICaskey, Bruce & Mall/ Caza Energy LLC            I 07/01/2004 NM NM 18-S            i            N/2 J 320.00
——  ——  ——  ——  I 27 -—  i 40^)0 i
= FEDNMNM-33661 ; United States of :Sun Oil Co. : 08/01/1978 iEddy 18-S 24-E            SW/4SW/4
——  America ——  ——  ——  ——  —
—

6

 

	COG INTEREST
0 26250000
0.26250000
| LEASE NAME            TWP            RNG 0.26250000
LANDS            i            LESSOR            LESSEE            PATE            COUNTY STATE 18-S 18^” 18-S 24-E SEC            LANDS&n
bsp;           GROSS ACRES 0.218750000.26250000
——  ——  —
NM
01445A 01448A            lFEDNMNM-100825 United Stales of            Penwell Energy Inc. ‘ 06/01/1996 Eddy 30 31 JLcts1,2.3&4;E/2;E/2W/ 641.60
——  America ——  ——  ——  03 2 —
——  .___—
05
02
{FEDNMNM-100826 United Stales of            Penwell Energy, Inc. 06/01/1998 Eddy ;NM 24-E            jLots 1 ft 2: 281.81
t            America ——  i ——  -—  24f___24-E            N/2NE/4; 1SW/4NE/4; I
 —  ——  03/01/2000 E/2NW/4 —
—
519.261
United States of            JLots 1 & 2; S/2NE/4; I :
01456A            JFED NMNM-103846 America            Gary Green            Eddy            NM | SE/4 : i
——  ——  ——  ——  ——  —
j J. J. Steete I ia-s |Lo[s 1 &2; S/2NE/4;
 —  Teslimentary Trust i 18-S |NW/4SE/4
 —  te-s- iLots 1 & 2; S/2NE/4;
SE/4
Lots 1(40.21);
2(40.18); 3(40.14);
and 4(40.11); S/2N/2;
N/2SW/4; SE/4
01507A 01523A            J. J. Steele            Ameristate            j 05/08/1936 Eddy |NM 24-E 319.691
TesBmerrtary Trust            Exploration, L.L.C. ——  Eddy -—  ——  —
——  —
|STNMV-7154-I            State of New Mexico            Doug J. Schulz            i 09/01/2004 |NM t 24-E 560.64 i i
——  ——  ——  ——  iNM —
0I517A QIS40A .STNMV-7124 Slate of New Mexico            Caza Energy LLC . 08/01/2004 Eddy Eddy 18-S 29 E/2,NW/4 480.00’ 40.00 0.26250000
——  ——  ——  ——  18-S ——  i            O.2lJ25000b
lS-S            JSE/4 NE/4 0.26250000
13-S 
           NE/4 NW/4 | 0.17500000
|E/2 NE/4 0.26250000
i 0.26250000
•W/2 qT262500d“0
OT2625000’0
0.26250000 0l6250W0
0.26250“oob
0.26250“00b
“026250000 o2625DO00
FED NMNM-112891 United Steles of            Caza Energy LLC            i 01/01/2005 NM 24-E Z4-E 31
——  America ——  ——  “ “NM 33
——  33
16
“05
61f
16 16 16” 21 02
01541A
01571A 40.00
G1375A 80.00|
01379A_ 320.00 [”
01380A            United States of 80.03;
013S1A “ America 16oo5:
01149A            FED NMNM-112892 i • Caza Energy LLC ‘ 01/01/2005 Eddy
——   —  ——  —
STNMV-7368-0 State of New Mexico            lYales Petroleum 04/01/2005 Eddy |NM 24-E
——  ——  Corporation 03/01/2003 ——  jNM —
——  JNM
NM
;nm
STNMVA-2B40-0 iState of New Mexico .Caza Energy LLC i            Eddy 19-S 21-E 21-E 21-E
——  i ——  ——  ——  21-E_
-
ST NM VA-2858-0 iState of New Mexico :Caza Energy LLC 1 Eddy 19-S 19-S            Lot 1(40.03). SE/4SE/4
——  ——  ——  03/01/2003 Eddy Eddy Eddy 1s-s —
——  “1“9-S 19-S
STNMVA-2859-0 ; Slate of New Mexico ;Caza Energy LLC : 03/01/2003 SW/4NE/4, SE/4NW/4,
——  ——  ——  ——  N/2SE/4 ;E/2
STNMVA-2861-0 ; Slate of New Mexico {Caza Energy LLC 03/01/2003 320.00
——  ——  ——  i 320.00
 —  320.00:
32b.ooT
^20.00| 32O.O0T
        .STNMV-6571 |State of New Mexico :Caza Energy LLC            i 03/01/2002 NM NM 23-E 23-E 23-E ;N/2
——  ——  ——  ——  ;S72
        .W/2 i
Lots3&4;S/2NW/4; S/2
SW/4; W/2SE/4
D1150A :STNMV-BS72 Stale of New Mexico            Caza Energy LLC            j 03/01/2002 Eddy
——  ——  ——  ——  —
19-S
19-S
NM 19-S ___
01192A            STNMVA-2575 IState of New Mexico .Caza Energy LLC . 05/01/2002 Eddy T 03/01/2000’-Eddy Ijm 19-S
——  ——  ——  —
D1455A ‘FED NMNM-103643 • United Stales of            Gary Green 23-E
America ——  —
23-E 2*3-E 01 25
23-E
•State of New Mexico
i            NM
01474A .STNMV-7011 i            Caza Energy LLC 03/01/2004 i Eddy ‘NM .E/2
——  ——   —  ——  —
05/01/2004 *Eddy            jw/z
014S9A            ISTNMV-7056 [Stale of New Mexico i            Caza Energy LLC            I 1 320,00
——  ——  ——  ——   —   —  —
United States of . Lots 1. 2, 3 & 4;
iFEDNMNM-112246
 America | S/2 N/2; S/2 639.88;
01519A            i            i            Caza Energy LLC 10/01/2004 JEddy :NM 19-S 19-S 24-E “24-E 04 • 1 0.262500000.26250000
——   —   —  ——  ——  ——  ——   —  —
01522A 01666A -STNMV—7155-1 •Stale of New Mexico            Doug J. Schulz . 09/01/2004 Eddy            NM 09 29 ‘NW/4, NE/4 SW/4. S/2 280.00
——  ——  ——  ——  “NM            SW/4
—
:STNMV-7678-0 j Slate of New Mexico            Caza Energy LLC            i 02/01/2006 Eddy 20-S 21-E            NE/4NW/4 40.00; 0.26250000
——  ——  ——  ——  ——  ——  ——  ——  ——  —

7

 

	COG INTEREST
0.14000000
0.22750000
O.22750000
0.22750000”
0.22750000
0.22750000
0.22750000
‘O2275000’0
0.22750000
: RNG a22750000
23^E            O227500Q0
Y STATE 23-E : “026250000
rNM ___23^E GROSS ACRES 0.26250000
DATE NM TOP | 23-E 880.391 o26250000
LANDS            LEASE NAME            iLESSOR            LESSEE “03/01/2000 COUN1 ;NM jNM 20-S            i SEC            LANDS
1 O2625G“000
—
OI560A “
FEDNMNM-103845 : United [Echo Production, Inc. Eddy 03 Loll (40.39); SE/4NE/4; lSE/4 “jAil
——  Stales of America ——  ——  03 — —
——  11” 11
320.68
0156IA i
01562A 20-S 20-S 1 200.00,
01563A 20-S 32aoor
TED NMNM-10B34G            United Stales of            i Daniel E. Gonzafes 09/01/200209/01/2002 Eddy            jLots 3 & 4 (60.66): S/2NW/4; sW/4
——  America ——  ——  —
—
;FEDNMNM-106941 .United Stales of :Daniel £. Gonzales            Eddy :SE/4NE/4; SE/4 W/2
——  America ——  —
—
FED NMNM-103942 lUnited Stales of            Daniel E. Gonzales ‘ 09/01/2002 Eddy ; 20-S 20-S Tzi-e
——  America ——  j —
——  —
01564A 01565A “ : FED NMNM-108943 -United Stales of            Daniel E. Gonzales 09/01/2002 [Eddy            j 23-E 12 12 E/2W/2; SW/4NW/4; W/2SW/4 280.00
——  America ——  i            i ——  320.00 160.00: 640.00:
——   —   —  921.56J
320.72-
FED NMNM-108944 United States of            Echo Production, Inc. ; 09/01/2002 Eddy Eddy *nm 20-S 20-S 20-S 20-S            J 23-E            jE/2
——  America ——  ——  i 20-S 23-E nw/4 —
——  nm 20S 23-E .AH
        .NM NM 20-S ; 23-E “ LatsT(40^37and2 (40.09);’
“21-S            i :S/2NE/4;SE/4NW/4; E/2SW/4;
21-S_ 23-E i            SE/4
23-E            Lots 1 (40.33); 2 (40.35); 3(40.37);
23-E            and 4 (40.39); :S72N/2;N/2S/2
21-E ;Lots 3(4034) and 4(40.38); ;S/2NW/4;
SW/4
01566A 01567A            FED NMNM-108945 United Stales of            Daniel E. Gonzales 09/01/2002 13
——  America ——  : 09/01/2002 14 01
——  PJ2/D1/Z002 04
_
oT
“06 ‘07
FED NMNM-108946 United States or 
           Daniel E. Gonzales            Eddy Eddy
——  America ——  Eddy
—
United States or
01568A            FEDNMNM-109415 America            Echo Production, Inc.
——  ——  ——  —
i i :NM
 —   —  NM
i
Dominion Oklahoma Texas
Exploration and Production
Dominion Oklahoma Texas
STNMVA-2576-l            Exploration and Production
01569A            STNMVA-2602-1 State of New Mexico ;Caza Energy LLC 05/01/2002
——  —
Lots 1(40.26); and2(40.30);
iS/2NE/4;SE/4
JLots 1(40.13), 2(40.10), ‘3(40.06),
4(37.64). 5(37.66), •6(37.68),
7(37.69), S/2 NBA, SE/4 NW/4, E/2 SW/4,
SE/4
01570A            Lots 1(37.72), 2(37.75), 320.56” “630.961
01537A 05/01/2002 Eddy 01/01/2005 Eddy 3(37.79), 4(37.82) Isi.ob’
01538A [Stale of New Mexico            i            All iSE/4 640.00. 16“0.00|”
—
FED NMNM-112877 ; United States of <NM
——  America i —
—
i “ 21-E 21-E_
-
i ‘ 21-S 14
 —  21-S 21-S            IS
19
30
33 31
36
i            Eddy            I 21-E
t —
-
j |NM “ 21-E ;NE/4 160.00,
 —  22-EP            jlols 1(20.64>73(20’.82l 4(20.92), —
        . 22-E            E/2, E/2 W/2 SE/4 SE/4
        .Lois 1(20.99), 2(21.04), 3(21.12),
4(21.17), E/2, E/2 W/2
E/2
FED NMNM-112880 [ United Stales of            Gaza Energy LLC 01/01/2005 21-S 54Z33
——  America ——   —  ——  —
—
01539A            i | “01/01/2005 i 21-S 40.00’
 —  03/01/2006 |nm ——  564.32
FED NMNM-112881 United Slates of            Caza Energy LLC            Eddy 21-S 22-S            t 22-£
——  America ——  ——  i
——  i
| 21-E
01677A            STNMV-7715 SState of New Mexico :Caza Energy LLC            Eddy 320.00,
——  ——  ——  ——  ——  —

8

 

	LANDS            COG INTEREST
RNG            SEC Lots 1; 2; GROSS ACRES 0^26250000
“Yl STATE            TWP T2-E 04 37M;S/2N/2: SW/4 : 479.28 OT2625000D
NM “22-S-22- 22-E 22-E 15 NE/4NE/4; S/ZNE/4; “T 920.00 0.2625DDDO
LAND# LEASE NAME : LESSOR            LESSEE            DATE            COUN1 i ^T ]” 22-E 21 02 VW2; SE/4 1 320.00 320.00 0.2625OOO0
——  ——  —

	0151AA            I “...............................
10/01/2004 .Eddy
i
FEDNMNM-112244 United States of            Caza Ene/gy LLC
——  America —

	—
United States of
DI572A            FED NMNIU-113910 America            Caza Energy LLC            j 06/01/2005 Eddy
——  ——  ——  —

	01524A Q1525A            jNM 22-S 23-S            E/2 N/2
“23^S            S/2
STNMV-7181 State of New Mexico            Caza Eneigy LLC 10/01/2004 Eddy
——  ——  ——  ——  —
STNMV-71B2 State of New Mexico            Caza Energy LLC 10/01/2004 Eddy 1 02

	——  ——  ——  ——  ——   —  —

9

 

	ASSIGNMENT OF OIL AND GAS LEASES

	THIS ASSIGNMENT OF OIL AND GAS LEASES is by and between CAZA ENERGY LLC,
a New Mexico limited liability company, with a mailing address of P.O. Box 1767, Artesia, New Mexico
88211 (“Assignor”), and COG OIL & GAS LP, with a mailing address of 550 West Texas, Suite 1300,
Midland, TX 79701 (“Assignee”).

	ASSIGNOR, for valuable consideration paid to Assignor by Assignee, the receipt and sufficiency of
which is hereby acknowledged, does hereby grant, bargain, sell, convey and assign, set over and deliver
unto Assignee, its heirs, successors and assigns a 22.968750% interest for the Oil and Gas Leases
described in Exhibit “A,” insofar and only insofar as said leases cover the lands specified in Exhibit
“A,” without any express or implied warranties of title, merchantability, or fitness for a particular
purpose.

	ASSIGNOR reserves an overriding royalty equal to the difference between existing burdens and 25%. Of
the proceeds received from the sale of all (8/8ths) of the oil and gas which may be produced, saved and
marketed under the terms of the lease. If the Assignor hereby conveys less than the full leasehold
estate in the lease as to the Land embraced therein, then the overriding royalty reserved in such
lease under the terms of this Assignment shall be reduced proportionately.

	The interest assigned herein is further subject to the following:

	(a) All royalty, overriding royalty and other lease burdens, if any, of record in Eddy
County, New Mexico, to the extent of the interest assigned herein;

	(b) All of the terms and provisions contained in the assigned lease.

	EXECUTED, this 17th day of November 2006, but effective as of October 1, 2006.
CAZA ENERGY LLC

	/s/ Ronald W. Lanning
——  Ronald
W. Lanning Attorney in Fact

STATE OF NEW MEXICO §

	COUNTY OF EDDY §

	The foregoing instrument was acknowledged before me this 17th day of November, 2006 by
Ronald W. Lanning, Attorney in Fact for CAZA ENERGY LLC, a New Mexico limited liability company.

	My Commission Expires: June 6, 2009 /s/ Doneta S. Hopper
——  Notary
Public

	Attn Doneta Hopper
Mack Energy Corp
P0: Box 960
Artesia NM 88211-0960

 

 

	Southgate Federal (1441) Pecos Federal (1479) EXHIBIT “A”
Attached to and made a part of that certain Assignment of Oil and Gas Lease dated November 17, 2006, but effective October 1, 2006, between CAZA ENERGY LLC, as Assignor and COG
OIL & GAS, LP, as Assignee. PROPERTY: Southgate Federal CAZA LAND NO.: 1441 FEDERAL LEASE NO.: NMNM-97850 LESSOR: United States of America
LESSEE: Caza Energy LLC DATE; December 1, 1996 DESCRIPTION: Township 18 South, Range 23 South, NMPM Section 26: SW/4
Section 27: S/2 Section 34: N/2 Section 35: All Eddy County, NM Containing 1440.00 acres, more or less. All depths
PROPERTY: Pecos Federal CAZA LAND NO.: 1479 FEDERAL LEASE NO.: NMNM-97849 LESSOR: United States of America LESSEE: Caza Energy LLC
DATE: December 1, 1996 DESCRIPTION: Township 18 South, Range 23 South, NMPM Section 11: NE/4SE/4 Section 12: E/2; NW/4; N/2SW/4; SW/4SW/4
Section 13: NE/4; SE/4NW/4; S/2 Eddy County, NM Containing 1160.00 acres, more or less. All depths RECEPTION NO: 0614869 STATE OF  NEW MEXICO, COUNTY OF EDDY
RECORDED 11/27/2006 18:48 AM. BOOK 0671 PAGE 0085 [ILLEGIBLE] JEAN BLENDEN, COUNTY CLERK Southgate Federal (1441) Pecos Federal (1479)

 

	ASSIGNMENT OF OIL AND GAS LEASES

	This Assignment of Oil and Gas Leases is by and between Caza Energy LLC, a New Mexico
limited liability company, with a mailing address of P.O. Box 1767, Artesia, New Mexico 88211
(“Assignor”), and COG OIL & GAS LP, with a mailing address of 550 West Texas, Suite 1300, Midland,
TX 79701 (“Assignee”).

	Assignor, for valuable consideration paid to Assignor by Assignee, the receipt and sufficiency of
which is hereby acknowledged, does hereby grant, bargain, sell, convey and assign, set over and
deliver unto Assignee, its heirs, successors and assigns the specific interest set-out for the Oil
and Gas Leases described in Exhibit “A,” insofar and only insofar as said leases cover the lands,
depths and interests specified in Exhibit “A,” without any express or implied warranties of title,
merchantability, or Fitness for a particular purpose.

	The interests assigned herein are subject to the following:

	(a) All royalty, overriding royalty and other lease burdens, if any, of record
in Chaves County, New Mexico or Eddy County, New Mexico, to the extent of the interests
assigned herein;

	(b) All of the terms and provisions contained in the assigned leases.

	EXECUTED, this 20th day of April 2006, but effective as of March 1, 2006.

	CAZA ENERGY LLC

	/s/ Ronald W. Lanning
——  Ronald
W. Lanning, Attorney Fact

	STATE OF NEW MEXICO §

	COUNTY OF EDDY §

	The foregoing instrument was acknowledged before me this 18th day of April, 2006 by
Ronald W. Lanning, Attorney in Fact for Caza Energy  LLC, a New Mexico limited liability
company.
My Commission Expires: June 6. 2009 /s/ Doneta Hopper
——
Notary Public

 

 

	EXHIBIT “A”

	Attached to and made a part of that certain Assignment of Oil and Gas Leases dated April 20, 2006 but effective
March 1, 2006 from Caza Energy LLC, as Assignor and COG Oil & Gas LP, as Assignee.

	COUN1 TWP            RNG            j SEC            jGROSS iACRES            COG
t£s 2I-E 21-E 22^£ 20-E 36 320. dbT 1 INTEREST
US 1 20-E 21-E 21-E 36 320.00J “6726250000
14-s r 21-e T 31” 644.28J’
T5-S | 21-E 2UE            I 36 i
I5-S 2i-E 36 j ‘
: 2TE 01 \ •
l£s [ 2f-E 21TE 03 04 \ 320.00 ;
15^S” 15-S 21-E” j-oa “oo 32*000’
i*Ts “7 : ^o 11 eToTooi
“l5-S 13 1282 68;
15-S ___g— ; 22 880.<xT
“15-S ‘ “64 0.00 i
15-S 72O06
15-S            i , i44Q.00J
1 320.00 f 1
j 240^001 i 1
T5-S^[
“Y STATE
W
NM
i
INM
1
nm
NM
NM “
INM
;NM
NM
        , iNM            LANDS
i ;s/2 i
:nm IN/2
:NM            i            S/2 S/2
LAND# LEASE NAME            LESSOR            LESSEE            DATE            NM ‘fLols 1-4; E/2; EI2WK 1/4
——  —
01397A
Chaves
1
Chaves
1 Chaves
i
; Chaves
i
: Chaves
‘STNMVA-2fl24-1 . Slate of New Mexico            Douglas W. Ferguson 03/01/2003 .
——  ——  ——  03/01/2003
01402A 01354A 01398A            ST NM VA-2844-1  — Slate of New Mexico            Douglas W. Ferguson 0.26250000
——  ——  ——  O.26250000
0726250000
0.26250000
6726250O0O
O26250000
“0.26250000
:FEDNMNM-I08924 ; United Stales of            Douglas W. Ferguson            I 09/01/2002 |
——  America            i 03/01/2003
——  .Douglas W. Ferguson
•STNMVA-2825-1 i Slate of New Mexico            N/2
——  ——  :s/2
lLots 1,2,3,4, S/2N/2,
i
‘lots 1,2,3,4, S/2N/2,
Lois 1,2, 3. &4^Si2l
“S/2NE/4, SW/4,” N/2£
S/2NE/4; N72NW/4;
W/2SW/4
jS/2NVW4;SW/4;W/2
All
:W/2f
SE/4SE/4 •NW74NE/4;
S/2NW/4 W/2NE/4
“N/2NE/4TVW2
;STNMVA-2845-1 State of New Mexico j
G1403A ;FEDNMNM-109739 United Slates of America            Douglas W. Ferguson | 03/01/2003
——  ——  —
Chaves Chaves
03/01/2003 •Chaves i
01390A            Douglas W. Ferguson 03/01/2003 —
——  —
G1391A QI392A
01393A ;FEDNMNM-109740 iUnited Slates of America            Douglas W. Ferguson
—
iFEDNMNM-109741 United States of America I Douglas W. . 03/01/2003
——  ——  Ferguson —
—
r- SE/4 SW/4; 02625000O
0.2625“66o6
O262“50000
0^26250000
o262S0“000
0.2625DODO
i  
          j
 —  -
JFEDNMNM-109742 United Stales of America | Douglas W. 03/01/2003 .Chaves Chaves
——  ——  Ferguson i —
—
I 03/01/2003
i
G1394A {FEDNMNM-109743 United Stales of America ‘Douglas W. Ferguson 03/01/2003
——  ——  —
G1395A            iFEDNMNM-109744 United Slates of America ‘Douglas W. Ferguson            Chaves
—
15-S            I 21-E 21-E            S/2NE/4
___ —  i 21-E ;VW2E/2, W/Z
15-s ;
15-S ___
I
l5-S * |
i
-
0I382A            I            i            I 21 i E/2, E/2W/2 IS/2
 —  : Chaves -3 |NE/4,W/2S“e74
Chaves
jSTNMVA-2767-1 i . Slate of New Mexico            Douglas W. Ferguson : 02/01/2003 21-E
——  ——  ——  ——  zui.
21-E
:
013B3A            ISTNMVA-2770-1 Stale of New Mexico            Douglas W. Ferguson 02/01/2003
——  ——  ——  ——  —
        , Douglas W. NE/4NE/4, S/2NE/4,
01384A            jSTNMVA-2771-1 Stale of New Mexico            Ferguson 02/01/2003 Chaves • 15 N/2NW/4, E/2SE/4 260.00|
——  ——  ——  ——  ——  ——  ——  ——  —

1

 

	DATE            COUNTY STATE            TWP SEC COG
LAND ff            LfcASfc NAMt            LESSOR LESSEE            i 1S-S ; RNG 22 LANDS            GROSS ACRES            INTEREST
—
01385A
STNMVA-2773-1 State of New Mexico -Douglas W. Ferguson 02/01/2003; Chaves            iNM 21-E            E/2E/2 16D.00 0.26250000
——  ——  ——  i | ——  ——  ——  —
 —  -
21-E 321.20
’ 21-E            Lots 1{<J0.07), 320M
02/01/2003 |Chaves :21-E 2(40.22), 3(40.38), 360.00 642.00 0.26250000
013B6A            STNMVA-2790-1 State or New Mexico [Douglas W. Ferguson i            NM 15-S            I 02 4(40.53), S/2N/2 640.00 0.26250000
——  ——  ——  ——   —   —  ——   —  —
NM 15-S 15-S 15-S
01387A            STNMVA-2794-1 State of New Mexico            Douglas W. Ferguson 02/01/2003 jChaves “nm 15-S 15-S 16 20 S/2 SW/4NW/4, S/2
——  ——  ——  ——  —
0.26250000
0.26250000
‘“O26250000
0.26250000
0.2625Q06o
0.26250000
01388A 01342A 0.26250000
0I343A_ STNMVA-2795-1 State of New Mexico            Douglas W. Ferguson 02/01/2003 iChaves I 0.26250000
——  ——  ——  —
FEDNMNM-10SS87 United Slates of America            Douglas W. Ferguson 09/01/2002 JChaves            NM 21-E i 05 Lols1,2,3&4;S/2N/2;S/2
——  ——  ——  ——   —  ——  12 19 —
15
•FED NMNM-108888 :United States or            Douglas W. Ferguson 09/01/2002 jChaves            NM NM : 21-E ; 21-E            All
——  America ——  ——  Lote 1,273, & 47B2,
——  E72W/2
All
642.76
01345A 09/01/2002 .Chaves 640.0? 168O00
0I355A            FED NMNM-108890 ^United Slates or America            Douglas W. Ferguson 09/01/2002 Chaves 880.00 320.00
——  ——  —
;fednmnm-ios925 United Slates ol America            Douglas W. Ferguson            jNM i NM 15-S 15-S 22-E
——  ——  ——  nvs —
15-S
15-S
15-S
15-S
15^5
Tss Hs-s
l5-S 15-S
21
27
_
23
33
22
“23
22-E 16
22-E 32
01061A            JFEDNMNM-107499 United States of America      
      Douglas W. Ferguson 11/01/2001 Chaves 22-E 16 21” W/2, S/2SE/4
——  ——  ——  ——  —
; ; E/2, E/2NW/4,
 —  SW/4NW/4,
SW/4
Ail
rSE/4SW/4
01396A            i
-
| 22-€
 —  I 22-E
22-E
“j-22-E
FED NMNM-109745 United Stales of America            i Douglas W. Ferguson ‘ 03/01/2003 ‘Chaves            NM            N/2 N/2, S/2S/2
——  ——  ——  NM            E/2. E/2W/2, NW/4NW/4,
SW/4SW/4
S/2
S/2
N/2
NE/4, N/2 SE/4
S/2 N/2, N/2 S/2
: O3/01/20O3 .Chaves i
01399A            STNMVA-2B26-1 State or New Mexico : Douglas W. Ferguson            i ‘•
——  ——  ——  ——  —
01400A 01404A            STNMVA-2828-1 Slate ot New Mexico -Doulglas W. Ferguson 03/01/2003 ‘Chaves I            NM “ 22-E 320.00 320.00 0.26250000
i i ——  ——  ;  —  ——  _ 24O00 0.26250DO0
-—  ——  320.00 0.26250000
32000 0.26250000
1242.60 O.26250000
:STNMVA-2846-1 Stale of New Mexico            I Douglas W. Ferguson i : 03/01/2003 MM 22-E
——  ——  ——  ;ChaveS .NM 22-E
—
01405A            ST NM VA-2847-1 I            State of New Mexico            lOoulgasW. Ferguson 03/01/2003 Chaves
——  ——  ——  ——  —
; 22-E j 22-E
•
NM ; 22-E 22
0140BA            STNMVA-2848-1 Stale or New Mexico {Douglas W. Ferguson 03/01/2003 Chaves            NM ; 22-E 20-E 32
——  ——  ——  ——  —
01407A 01472A :STNMVA-2849- ; Slate of New Mexico            DouglasW. Ferguson 03/01/2003 jChaves 15-S 15-S 15-S            N/2
1 “FED NMNM-1 11517” ——  ——  OS/01/2004 jChaves            Lols1,2,3&4;S/2N/2;S/2
i            NE/4NE/4; S/2NE/4;
| NW/4;
S/2
Lots 1(27.47),
2(27.28),
3(27.08), 4(26.89),
5(40.00),
6(40.00), 7(40.00),
8(40.00)
United Stales or America I .Caza Energy LLC            NM 04 0.26250000
——  ——   —  —
01401A            i i            j 08 02
-—  -
        .STNMVA-2829-1 I State of New Mexico            Douglas W. Ferguson 03/01/2003 iChaves :NM 15-S 26B.72 0.26250000
——  i ——  I ——  ——  —
I :
 —  ;
—

2

 

	1 DATE            COUNTY iSTATE            TWP RNG LANDS            iGROSS iACRES :
LANUff LEASE NAME            LESSOR LESSEE            I “ ; 16-S “2Q-£ = SEC            All            i 1280.00” COG INTEREST
—
oi&da”
FED NMNM-108885 United States of            Douglas W. Ferguson            j 09/01/2002 Chaves            NM            j 13 i 0.26250000
——  America ——   —  j 14 0.26250000
——  ” 0.26^50000
02 0.262500000.26250000
0140BA 01409A            I            NM” NM .6-S 20-E .ATI
i            I ——  ——  i
——  -
STNMVA-2050-1 Stale of New Mexico            Douglas W. Ferguson            j 03/01/2003 ‘Chaves 16-S 20-E            is/2 320.00 320-00.
——  ——  ——  ——  ——  ——  ——  1273.43J
j
I
SrrNMVA-2flSM            Slate or New Mexico            Douglas W. Ferguson            i 03/01/2003 .Chaves 16-S 17-S “ 20-E            Xots 9(40.00),
——  ——  ——  I ——  10(4D.OO), |11(40.OT).
I I 12(40.00), 113(40.00),
-—  14(40.00), 15(40.00),
16(40.00)
rLots 1,2, 3
& 4; NW/4; S/2
09/01/2002 -Chaves
United States or            i
0134IA            FED NMNM-1C6B86 America            Douglas W. Ferguson            i            NM NM 20-E ‘ 22
——  ——  ——  ——   —  ——  —
0I389A
01598A
01675A
0167eA
0ilS1A’""' l
G1346A  —  j 17-S            Z0-E 27 TM23 j« t
——  ——  ——   —  —
FED NMNM-10973B            United States or            Douglas W. Ferguson : 03/01/2003 :Chaves 17-S 17-S 20-E ‘All            I 1280.00’
America ——  19-S ——  ;ah t . 1
‘N/2 I :
320.00J i
i
I 20-E 20E 26 _
 —  s 04 i
: 04
ST NM V-7537 ; State or New Mexico            Caza Energy LLC 09/01/2005 jChaves         
   NM 0.26250000
——  ——  ——  ——  NM            O.26250000
0.26250000
0.26250000
0.26250000
0.26250000
ST NM V-7713 : Slate of New Mexico            Caza Energy LLC 03/01/2006 jChaves 19-S 19-S 15-S 16-S 20-E 20-E 22-JE            Lots 1-4: SB4NE/4 j 199.68 j
——  ——  ——  ——  16-S ——  1
i
] “ 40.00‘.
40.00
ST NM V-7714 Stale or New Mexico            Caza Energy LLC 03/01/2006 JChaves            NM            NE/4SE/4 ‘NW/4NW/4
——  ——  ——  ——  —
FED NMNM-108022 FED ‘United Slates or            Douglas W. Ferguson 03/O1/20O2 :Eddy            NM NM 27 i
NMNM-l6B891 America ——  ——  NM ; 01
——  i
03
: United Slates or            Douglas W. Ferguson “ 09/01/2002 Eddy 21-E            E/2, NW/4, N/2SW/4, 1201.75
America ——  ——  ——  SW/4SW/4 iLcrts 1 thru            i
——  16
01347A  —  21-E
 —  —
[FED NMNM-108392 United States of            Douglas W. Ferguson : 09/01/2002 Eddy 16-S 16-S 21-E            iLolsl thru 16, S/2 (All) 2246.86,
America ——  _i ——  .Lots 1.3, 4, 8,
——  t 9,12,13,14,
‘15,16, andS/2 (All)
:All
21-E 04
——  —
t 16-S 21-E 2I-E 09 i 1029.13;
i ——   —  i            j
i
-
iFEDNMNM-109893
j.. . —
i            United Slates or            ILots 1,3,4,5,6,9,13,16,
01343A i America            Douglas W. Ferguson            j 09/01/2002 Eddy            NM 16-S 05 and :S/2 0.262500000.26250000
——  ——  ——  ——   —  ——   —  —
01349A            I 16-S 2t-E 06 1013 2,3,4,5,6,7,10, 11, i
i : ——  ——  1 °7 ‘12,13,14, 15, and :
——  SE/4SW/41S^SE/ —
4
Lots 1-4; E/2-E/2W/2
FEDNMNM-1D3894 i            United Stales of            Douglas W. Ferguson 1 09/01/2002 j Eddy            NM 16-S 21-E ‘ 21-E . 1129.22
——  America ——  ——  ——  —
—
} i : 16-S =AI
 —  ——  ——  —
013SDA 01351A            IFEDNMNM-1D8B95  — United Slates of            Douglas W. Ferguson ; 09/01/2002 lEdtfy            NM 16-S 21-E i-10 All 1280.00 0.
26250000
——  America ——  ——  16-S ——  11 -—  ——  “026250000
j ‘• 21-E            Ail
 —   —  ——  —
JFEDNMNM-10889& United States of            Douglas W. Ferguson 09/01/2002 [Eddy            NM 16-S 21-E 21^E ‘ 14 15 •Lots 1,2, 3, 4, 5, 6,        , 1304.66J
——  America ——  ——  ——  7and B, ;W/2 —
——  i Lola 1,2, 3,4,W/2, SE/4
16-S            I
——  -

3

 

	SEC
17
20
18
i
TY-STATE “j 19
[nm" i 1 GROSS
i J___LANDS            ACRES
DATE iCOUN ;nm TWP : RNG            i oz i            AH ‘“127098” ;Ti64732
LANU7? LtASE NAME            LESSOR            LESSEE • ” 16-S 16-S            i 21-E 21-E ^ 02 Lois 1-4; N/2; SW/4 t > COG INTEREST
—
01352A 013S3A            FEDNMNM-108897 ; United Stales of America            Douglas W. Ferguson 09/01/2002 iEddy 0.2625Q0OO
——  t 09/01/2002 Eddy 0.262500G0
d\ 26250000
0^262500000.26250000
0.26250000
b26250000
0.26250000
0.26250000
02625000O
_
0.26“25000Q
0.26250000
0.26250000
1^26250000
O.26250000
0.26250000
•
-
FEDNMNM-108898 (United Stales of America            Douglas W. Ferguson 16-S 16-S 21-E 21-E            Lois 5, 6, 7.
——  ——  ——  16-S            j 21-E 8,9,10,11,12, 13, 14,
16-S 16-S            j i | 15, 16,17,18,19 and 20
16-S            j 21-E 21-E            Lots 4, 5, 6, 7,
16-S _ 21^E 8,9,10,11, 12,
W-s i ^21-E 13,14,15, and 16,
16-S 16-S 21-E            SE/4SW/4, S/2SE/4
21 IF
21-E
| 2i"-E
j-21-E
21-E I 21-E
i [ i ‘
i i -—  -
—
01410A QI411A” .STNMVA-2874-1 jStale of New Mexico            i Douglas W. Ferguson 04/01/2003; Eddy            NM            Lois 1(30.27), » 280.56
——  1 I i ;nm 2(30.18), 3(30.10], 320.00 229.36
 —  -—  nm  4(30.01), 5(40.00), :
j 6(40.00), 7(40.00), 308TB2
:NM 8(40.00) 271.77
S/2 • 32O00
Lois 2(29.36), 320.00
5(40.00), 6(40.00), •” 320.00
7(40.00), 10(40.00) & : 320.00
11(40.00] 320.00 320.00
Tots 2(28.82)77(4000); 320.00 320.00.
8(40.00); 10(40.00);
I1(40.0D); 12(40.00);
14(40.00); 15(40.00)
Lois 1(28.57); 8(40.00);
9(40.00): 16(40.00;
17(1.60);
18(.60);NE/4SW/4;
NCSE/4 ___
S/2
S/2
Lois9(4 0.00)f
10(40.00);
11(40.00); 12(40.00);
13(40.00); 14(40.00);
15(40.00); and
16(40.00) _
Nfc “
W/2
E/2
W/2
ST NM VA-2875-1 | State of New Mexico            i Douglas W. Ferguson 04/01/2003 jEddy
i ——  ——  04/01/2003 iEddy
 —  04/01/2003 Eddy
i
04
i
T05
06
•Slate of New Mexico            jDauglas W. Ferguson            iT3 —16
0I412A            iST NM VA-2B76-1 i            i            i : 01
—
—  ——   —  -
01413A 01414A |STNMVA-2877-f ; State or New Mexico            iDougfas W. Ferguson
——  ——  —
IST NM VA-2878-1 State or New Mexico Stale oF            Douglas W. Fe/guson ‘ 04/01/2003-Eddy            NM
——  New Mexico ——  04/01/2003 ‘Eddy |NM ;
;NM
NM
“NM
rNM
1
nm
NM ‘ NM
“NM
01415A            STNMVA-2879-1 : Douglas W. Ferguson
——  ——  —
01416A 01417A .STNMVA-2880-1 Slate of New Mexico            Douglas W. Ferguson 04/01/2003 -Eddy
——  ——  ——  —
STNMVA-2893-1 State of New Mexico {State of • Douglas W. Ferguson 04/01/2003 Eddy
——  New Mexico ——  04/01/2003*1Eddy
-
Stale of New Mexico i ‘ 04701/2003;Edtfy”
04/01V2003 iEddy
03/01
/2003Eddy_

01418A
01419A 01420A            STNMVA-2894-1 : Douglas W. Ferguson 16-S
——  ——  —
STNMVA-2895-1 Douglas W. Ferguson 16-S 13
——  ——  ——  i
STNMVA-2896-1 iState of New Mexico i            Douglas W. Ferguson 16-S
——  ——  ——  —
0136BA            STNMVA-2831-0 i Slate of New Mexico . Gaza Energy LLC 17-S 34 36
——  ——  ——  ——  —
03/01/2003 Eddy
03/01/2003, Eddy
01369A            STNMVA-2832-0 : Slate of New Mexico            Caza Energy LLC : 17-S 21-E
——  ——  ——  ——  ——  —
01370A            STNMVA-2833-0 Stale of New Mexico            Icaza Energy LLC i 17-S            i 21-E 320.00,
——  ——  ——  ——  ——  ——  —

4

 

	iGROSS
‘acres ”
: 320.00J
JTY’STATE 1 32000” “4O00l
COW . RNG [ COG
LAND* LEASE NAME            jLESSOR            LESSEE            i            DATE            Eddy Eddy            NM      
;      TWP 21-E            SEC            LANDS            i 120.00; INTEREST
—
M
i
i 33
j 0.26250000
01376A 01-422A 17-S 17-S ;“32 6.262500O0
01530A            ST NM VA-2S53-0 Stale of New Mexico            Caza Energy LLC 03/01/2003 17-S_ J            E/2 O.2625D000
——  ——  ——  ——  —
ST NM VA-2398-0 ‘ State of New Mexico            Caza Energy LLC ; 04/0112003 ‘NM 21-E            N/2
——  ——  ——  ——  ; ——  —
-
Kimmans, Loda A., Kimmons, LodaA.. etal            Caza Energy LLC i • 12/07/2004 ;Eddy            NM . 23-E 23-E            All that part of
el al ——  ——  j i  —  Ihe E/2NW/4, lying
——  I East of the West
; 1 1 bank of (he main
j            ditch running North
 —  and South through
Ihe approximate
center of the
E/2NW/4 of said
Section 32.
—
01531A G1532A            Seeley, Helen            jSeeley, Helen            Caza Energy LLC 12/07/20[wiEddy            NM 17-S 29 S/2NW/4
Kathleen            Kathteen ——  ——   —  ——  30 —
——  —
Eddy 17-S 17-S 23-E            SE/4NE/4 1
——  ——  -
Seeley, j Edward J. Seeley :Caza Energy LLC 12/07/2004 NM 23-E 29 SW/4 160.00 O.26250000
Edward1 and IBarbara Kelly ——  ——   —  23-E 29 30 ——  i —
J., et al ——  23-E : 80.00
——  1
01533A 01535A .Donaghe, Patty            iDonaghe, Patty I            jCaza Energy LLC 12/07/2004 iEddy            NM 17-S 17-S            NW/4NW/4 O.2625O0D0
i 17-S —
NE/4NE/4
—
[Weddige, Nadine, jWeddige, Nadine, et            jCaza Energy LLC 12/08/2004 Eddy :nm I 23-E 31 SW/4SW/4 j 320.07; 0.262500000.26250000
el al          
  al ——  ——  ——  I  —  ——  B0.00.
——  ——   —  80.00’ I” 56000;
’ 1720.00”
i
320.00
‘ 160.00,
* 160.00J
I
320.00J
I • 17-S            J23-E . 32 . ___. E/2SW/4; SJ2SE/4
 —  l’8-S ——  . 32 —
32 28
: 26
34
35 ._
21
1 i            i i 23-E i 23-E            Lots3and4;Ne4SW/4
-—  ——  23-E —
01535B 01535C 12/08/2004
01515A 01356A            jWeddige, Billy            iWeddige, Billy            Caza Energy LLC            i            Eddy “Eddy Eddy Eddy •NM I 17-S       &nb
sp;    S/2SE/4
——  ——  ——   —  ——  ——  —
:Ray, ‘Ray, Frances Weddige            Caza Energy, LLC ; 12/08/2004 ‘NM 17-S            E/2SW/4 0.26250000
Frances Weddige ——  ——  ——  -—  ——  ——  TMO2625000“0
i
I
-
[STNMV-7H2 ISlale of New Mexico i            Caza Energy LLC | 08/01/2004 ,NM 17-S 24-E            E/2, NW/4, N/2SW/4
i i            j ——  ——  I 18-5 1B-S ——  —
-—   —   —  18-S
JFEDNMNM-1QS412 i United States of            Caza Energy LLC            j 12/01/2002 :NM 21-E 21-E            S/2N/2, S/2 O.26250000
——  America ——  -—  ——  0.26250000
——  0.26250000
0.26250000
0.26250000
“6726250000
0.26250000
0“l362A 01363A i 1 W/2NE/4, SE/4NE/4,
i  —  W/2, SE/4
—
j Eddy 21-E            Air
 —  21-E —
‘STNMVA-2777-0 State of New Mexico j            Caza Energy LLC            j 02/01/2003 NM 18-S            E/2
——  ——  ——  ——  NM ——  —
STNMVA-28G0-0 {State of New Mexico            Gaza Energy LLC            I 02/01/2003 Eddy            ia-s 21-E 21-E            W/2W/2
i ——  ——  ——  —
-
G1364A 01365A            STNMVA-28G1-0 ‘State of New Mexico            Caza Energy LLC ; 02/01/2003 Eddy .NM 18-S 22 S/2S/2
——  ——  ——  i ——  -—  ——   —  —
-
STNMVA-2B02-0 Isiale of New Mexico I            Caza Energy LLC ; 02/01/2003 Eddy Eddy :NM 18-
S 21-E 21-E 21-E ‘. 23 W/2 NGN/2
——  ——  ——  ——  i            ls:“s —
-
160.00 i
26 ‘
01366A            STNMVA-2803-0 {State of New Mexico            Caza Energy LLC 02/01/2003 jNM            t 80.00:
——  ——  ——  ——  ——  -—  -
01367A            STNMVA-2B04-G 1 State of New Mexico            Caza Energy LLC 02/01/2003 jEddy            jNM 18-S ; 30 E/ZSB4
——  ——  ——  ——  ——  -—  ——  ——  —

5

 

	GROSS
ACRES
i
1 449.76
i
1
i COG INTEREST
I 0T2625M00 0.26250OO0
i 511.40 0.262500QO
’ 1 0.26250000
; 0.2625000“0
491.80= O^625O0O0
i : 0.2625MO0
320.00; 026250000
i 0.262SOO“OQ
80.00| 320.00 0.2296B750
LANDS 276V15. 0.22966750
SEC :lots “j “320.00 0.22968750
'' 1(34.20), 2(33.02). i 0.2625000O
02 3(31,86), 4(30.63), 320.00 0.26250000
03 S/2N/2, N/2S/2 5B0.“48| 0.26250000
TWP 04 Lots 1(29.54), 480.27 160.00= i 0.26250000
13-S ___2(28.41), 3(27.29), 960.00 O.2625000O
18-S 31” 32 4(26.16), S/2N/2, ; 320.00: 026250000
LAND# LEASE NAME            LESSOR            LESSEE ‘ DATE i COUNTY STATE            ia^s            RNG “oT SW/4, Nf2SE/4 ^ 480.00f i            O.05687500
—
01371A 01372ft
STNMVA-2B36-0 Stale of New Mexico            Caza Energy LLC 03/01/2003 j Eddy I ;nm 21-E
——  ——  ——  ——  ——  —
STNMVA-2B37-0 i            State of New Mexico ‘ Caza Energy LLC | 03/01/2003 lEddy 1 NM 21-E
——  ——  ——  1 ——  —
Lots 1(24.94),
2(23.61), 3(22.29),
03/01/2003 [Eddy            NM 4(20.96), S/2 N/2,
01373A            State of New Mexico            Caza Energy LLC ; | NM ‘NM :NM “ N/2SW/4, SW/4SW/4,
0I374A            jSTNMVA-2838-0 I            State of New Mexico            Caza Energy LLC i i 1 {NM 21-E 21-E .N/2SE/4.SE/4SE/4
——  ——  —
‘STNMVA-2839-0 ‘ O3/01/20O3 iEddy 18-S 18-S ;W/2
——  ——  i
IE/2NE/4
i
:e/2
i
01377A 01378A            iSTNMVA-2856-0 State of New Mexico | ;Caza Energy LLC 03/01/2003 Eddy 21-E
——  ——  ——  ——  —
•ST NM VA-2857-0 iState of New Mexico ;Caza Energy LLC 03/01/2003 Eddy 18-S 21-E
——  ——  ——  ——  (8-5 “ —
iLols 1(19.69); and
JST NM VA-2899-0 State of New Mexico 2(1B.46); .S/2NE/4;
01423A            l i iCaza Energy LLC 04/01/2003 Eddy 21-E “ 23-E            SFJ4
——   —   —  ——  ——  —
31 25
14”
15
6T
03 23*
24
25
28 E/2 -S/2
33 ‘E/2SE/4
05” 06 09 SW/4NW/4; W/2SW/4;
011S3A :ST NM VA-2598 [State of New Mexico ;Caza Energy LLC            i 05/01/2002: Eddy 1B-S 10 SB4SW/4
——  ——  ——  ——  ——  —
:United 06/01/1997 Eddy :nm 18-S
01442A :FED NMNM-98794 Slates of America ‘Penwell Energy Inc. i            NM “13-S 18-S 23-E
——  ——  ——  ——   —  —
01477A ;FEDNMNM-1EK)529 United States of           
 Costilla Energy Inc. 03/01/1998’Eddy 23-E 23-E
America ——  23E 23-E
23-E
01478A 01461A .“NM NM 1B-S 18-S            Lots 1. 2, 3, a 4,
18-S            S/2N/2 =Lots 3 & 4;
ts-s            S/2NW/4; S/2
18-S 13-S 1B-S 18-S “*NW/4
All
;FEDNMNM-10953G            United States ol            Costilla Energy Inc. i 03/01/1998 -Eddy
——  America ——  —
—
FED NMNM-106900 United Slate of            Devon Energy            LP 09/01/2001 jEddy
——  America            Production Co. —
——  —
01454A O1509A ‘FED NMNM-103842 United Stales of            Gary Green 03/01/2000 Eddy            NM 23-E 23-E
America ——  —
—
State of New Mexico            N/2
E/2
N/2; N/2S/2
iST NM V-7097 Caza Energy LLC 07/01/2004-Eddy : :NM :nm 23-E
——  ——  ——  23-E
23-E
23-E
01511A            ST NM V-7099 Stale of New Mexico            Caza Energy LLC : 07/01/2004 Eddy
——  ——  ——  ——  —
01529A : Loya, Mercedes el si            Loya, Mercedes, et al            Caza Energy LLC | 11/16/2004 Eddy            NM            JVW2SW/4; SE/4SW/4 280.001
——  ——  ——  ——  ” i
: 18-S            jSE/4
——  ——  —
McBrkJe Oil and Gas
Corporation
Bruce and Molly E. 24-E : 16O.00 j
01513A            iMcBride Oil and Gas            Caskey            Caza Energy LLC            j 07/15/2004 |Eddy            NM 18-S “ 24-E 24-E ;SE/4 | 320.00 1
——  ——  ——  ——  ——  ——  —
01514A 01487A            ICaskey, Bruoe & Ma]]/ Caza Energy LLC            i 07/01/2004 [Eddy i            NM 18-S 18-S            W2
——  ——  ——  : —
NM
;FEDNMNM-33661 : United States of ;5un Oil Co. : 08/01/1976 |Eddy 27 SW/4SW/4
——  America            i ——   —  —
——  -

6

 

	GROSS ACRES
641.60 281.81
i ___i
; 519.26
STATE            TWP            RNG :
LAND# LEASE NAME            LESSOR            LESSEE            DATE            COUNTY NM 18-S      , 1S-S” j 24-E 24-E SEC            LANDS     
       i            COG
——  ——  —
INTEREST
—
01445A 01448A            FEDNMNM-100825 Untied Stales of            Penwell Energy Inc. 06/01/1998 Eddy 30 Lots 1,2,3 & 4; 026250000
——  America ——  ——  ——  31 E/2; E/2VW2
——  03 —
FED NMNM-100826 United Stales of            Penwell Energy, Inc. j OB/01/1998 Eddy            NM            Lots 1 a 2: 0.262500000.26250000
——  America ——  i ——   —  N/2NE/4; SW/4NE/4;
——   —  E/2NW/4
—
JLots 1 & 2;
S/2NE/4; SE/4
iLolsl &2;S/2NE/4;
INW/4SE/4
SLols 1 & 2;
S/2NE74; SE/4
Lots 1(40.21);
18-S | 2(40.18); 3(40.14);
ia-s            i            and 4{40.11);
United States of            il-s            j            S/2N/2; N72SW/4;
D1456A            FED NMNM-103846 America            Gary Green 03/01/2000 Eddy            NM            i te-s- 24-E            SE/4
——  ——  ——  ——  ——  ——  —
I 24-E 04
i ——  —
-
01507A 01523A            J. J- Steele            J. J. Steele            Ameristate | 05/08/19S6 jEddy            NM 24-E 05 I 319.69] 0.21875000
Teslimentary Trust            Teslrmerrtary Trust            Exploration. L.L.C. i  —  ——  02 1 1 —
——  ——  ——   —  —
STNMV-7154-1 Slate of New Mexico            Doug J. Schutz 09/01/2004 Eddy            NM NM 24-E 2T-E 560.64 j 0.26250000
——  ——  ——  08/01/2004 ——  —
0I51TA 01540A            STNM
V-7124 Stale of New Mexico            Caza Energy LLC            Eddy 18-S 29 E/2.NW/4 SE/4 NE/4 480.00’ 40.00 40.00 0.26250000
——  ——  ——  ——  18-S l8-S \ —  NE/4NW/4 E/2NE/4 80.00
1&-S T 320.00j”
80.03;
16O00:
FED NMNM-112391 United States of            Caza Energy LLC            I 01/01/2005 Eddy            NM 24-E “24-E 31 O.26250000
——  America ——  ——  NM 33 33 O.2625000O
——  16 0.17500000
05 0.26250000
05 0.26250000 D.
16 “ 26250000
16 “ 16” OT2625000“0
21 0.26250000
02
01541A 01571A            FED NMNM-112892 I United States of • Caza Energy LLC ‘ 01/01/2005 Eddy
——  America ——  ——  —
—
STNMV-7368-0 Stale of New Mexico            lYales Petroleum 04/01/2005 Eddy            NM 24-E
——  ——  Corporation 03/01/2003 ——  NM —
——  NM
NM
NM “
01375A 01379A
013B0A 0i36iA “ 21-E 21-E 21-E
01149A            STNMVA-2840-0 State of New Mexico      ,Caza Energy LLC j            Eddy 19-S            i 21-1-
——  ——  ——  ——  —
STNMVA-2858-0 Slate of New Mexico            jCaza Energy LLC ‘ 03/01/2003 Eddy Eddy 19-S            Lot 1 (40.03),
——  ——  ——  ——  Eddy Eddy 19-S            SE/4SE/4
^I9-S 19-S —
f£s
ST NM VA-2859-0 ; Slate of New Mexico            iCaza Energy LLC .03/01/2003 SW/4NE/4, SE/4NW/4,
——  ——  ——  ——  N/2SE/4
E/2
STNMVA-2861-0 [State of New Mexico            jCaza Energy LLC 03/01/2003 320.00
——  ——  ——  —
        .STNMV-6571 State of New Mexico            iCaza Energy LLC 03/01/2002 : NM 23-E 23^E 23-E            N/2 320.00 320.00:
——  ——  ——  03/01/2002 NM 23-E            S/2
W/2
LotsTfi 4rs72NW/4;
S/2 SW/4; W/2SE/4
01150A :STNMV-6572 Istate of New Mexico            Caza Energy LLC            Eddy
——  ——  ——  ——  —
19-S 0.26250000
19-S : 0.26250“000
19-S 320.00-72O.00J “026250000
19-S 320.00T _O2625006
D1192A            STNMVA-257S [State of New Mexico .Caza Energy LLC . 05/01/2002 Eddy            NM 19-S 3“20jOO” 0
——  ——  ——  ——  ——  —
Q1455A ‘FEDNMNM-I03843 . United States or            Gary G
reen      , 03/01/2000^ Eddy            NM
America ——  i i —
i
NM NM 23-E 01
i 23-E ; IT
1
23-E
1
•State of New Mexico
01474A .STNMV-7011 i            Caza Energy LLC 03/01/2004 i Eddy I            E/2
——  ——   —  ——  ——  —
j State of New Mexico 05/01/2004 | Eddy
Q1489A            ISTNMV-7056 i            Caza Energy LLC I W/2
——  ——   —  ——   —  —
iUnited Slates of
America
1 NM NM 24-E            Lots1.2,3&4;S/2N/2;S
01519A            iFEDNMNM-112246 i            Caza Energy LLC 10/01/2004 JEddy            NM 19-S 19-S 1 21-E 04 09 /2 639.88: i            O.26250C000.26250000
——  ——   —  ——  ——  ——  —
01522A            NW/4, NE/4 SW/4, 28o.oo:
01666A            STNMV-715B-1 •Stale of New Mexico            Doug J. Schutz . 09/01/2004 Eddy            S/2 SW/4 i
——  ——  ——  ——  ——  —
ISTNMV-7678-0 I {Slate of New Mexico            Caza Energy LLC . 02/0»/2G06 Eddy 20-S 29 NE/4NW/4 40.oo; 0.26250000
——  ——  ——  , = ___——   —  ——  ——  —
—

7

 

	COG INTEREST
0.14000000
0.22750000
0.22750000
O.2“2750000”
0.2275O000
0.22750000
0.22750000
“ O2275000“0
0.22750000
RNG 0.22750000
TY STATE 2lP= 022750000
Tim 23-E “(V26250000
DATE nm TWP 23l= [GROSS jACRES b.2625“0000
LANDS            LEASE NAME            LESSOR ‘LESSEE “03/01/2000 COUN1 NM = NM 20S 23-E SEC            LANDS 1 880.391 056250000 O26250’000
——  —
•Loll (40.39);
03 ___,, SE/4NE/4; jSE/4 ‘jAU
-United Stales of 03
01560A            FED NMNM-103645 America            jEcho Production, Inc. Eddy 11” 11 “
——  ——  ——  ——  —
20-S 20-S 320.681
20-S i
1 200.00,
I 32ooo”
01561A
01562A            United Stales of 09/01/2002 itols 3 & 4 (60.68);
01563A            FED NMNM-10S940 America            Daniel E. Gonzales 09/01/2002 Eddy            S/2NW/4; SW/4
——  ——  ——  ——  —
FEDNMNM.10S941 .United Stales of :Daniel E. Gonzales            Eddy :SE/4NE/4; SEW W/2
——  America ——  —
—
FED NMNM-106942 [United Stales of            Daniel E. Gonzales ‘ 09/01/2002 Eddy 20-S 20-S            T23-E
——  America ——  i —
——  -
280.00
i 1
01564A            United States of \ 09/01/2002 j            E/2W/2; SW/4NW/4; V 320.00
01565A ‘ FED NMNM-108943 America            Daniel E. Gonzales 09/01/2002 Eddy            jNM 23-E 12 12 .W/2SW/4 1 ‘
——  ——  ——  ——  -—  ——  —
FEDNMNM-108944 United States of            Echo Production, Inc. Eddy Eddy nm 20-S 23-E 23-E |E72
——  America ——  i 20^S 23l=” 23-E            JNW/4
——  nm “nm" ‘ 20-S 23-E “
NM 20-S 23-E .Ail
20-S 23-E 21-E “
Ws 21-E :LotsT(4Q^03T
20-S 21-S            artd2 [40.09);
21-S :S/2NE/4;
SE/4NW/4;
E/2SW/4; SE/4
Lots 1 (40.33); 2
(40.35);
3(40,37); and 4
(40.39); :S/2N/2;N/2S/2
: Lots 3(4034) and
4(40.38); ;S/2NW/4;
SW/4
01566A 01567A            FED NMNM-106945 United Slates of            Daniel E. Gonzales ; 09/01/2002 13 160.001 640.0“6T
——  America ——  ; T4 01
——  “09/01/2002 04
02 ___
“0B “07
FED NMNM-108946 United Stales of            Daniel E. Gonzales         
   Eddy Eddy
——  America —
—
United States of 921.561
01568A            FED NMNM-109415 America            Echo Production, Inc. : 12/01/2002 l
——  ——  ——  ——  ——  -
STNMVA-2576-l j -NM            i
STNMVA-2602-1  —  320.72 320.56”
630.98
151.08
640.00. 160.00-
Dominion Oklahoma Texas
Exploration and Production
Dominion Oklahoma Texas
‘Exploration and Production
01569A            Stale of New Mexico ;Caza Energy LLC 05/01/2002 Eddy
——  ——  —
•Lots 1(40.26); and
2(40.30); iS/2NE/4;
SE/4
JLots 1(40.13),
2(40.10), ‘3(40.06),
4(37.64). 5(37.66),
6(37.68), 7(37.69), S/2
NE/4,
SE/4 NW/4, B2 SW/4, SE/4
Lois 1(37.72), 2(37.75),
01570A 01537A 3(37.79), 4(37.82)
0153BA            State of New Mexico 05/01/2002 Eddy Eddy            All iSE/4
——  —
FED NMNM-112877 ; United States of 01/01/2005 i ‘NM
——  America i —
—
i i
—
21-S 14
——  18
19
30 _3
31 36
. .___Eddy 21-S 21-S            rTi-E”
—
; NM 21-E :NE/4 160.00,
 —  “22-E            JLots 1(20.64)73£20.62X —
22>E” 4(20.92), E/2.E/2 W/2
SE/4 SE/4
-Lois 1(20.99),
2(21.04), 3(21.12),
4(21.17), E/2, E/2 W/2
E/2
FED NMNM-112880 I United Stales of            Caza Energy LLC 01/01/2005 21-S 542.38;
——  America ——  ——  21-S —
—
i “b“l/01/2005 | 40.00 564.32
 —  03/01/2006 |nm
NM
[United Steles of 22-E
01539A            FED NMNM-112881 America i            Caza Energy LLC            Eddy 21-S 22-S 2T-E ”
——  ——  ——  ——  —
01677A            STNMV-7715 State of New Mexico :Caza Energy LLC            Eddy 320.00,
——  ——  ——  ——  ——  —

8

 

	GROSS            COG
ACRES , INTEREST
LANDS 479.28
lots 1; 2; 0.26250000
3f^4;’s/2N/2; t
TWP            RNG            SW/4 920.061
22-iT I T2-E            NE/4NB4; S/2NE/4; D”^6250000
i            SEC            W/2; 320.00^
i 04 SEW            O.2625DO00
LAND# LEASE NAME            I LESSOR            LESSEE : DATE            COUNTY STATE 22-S j 22-E 21 E/2 3206<f
——  ——  —
0151BA            j 10/01/2004 .Eddy            NM
FEDNMNM-112244 United States of            jCaza Energy LLC
——  America            i
——  -
United States of
0I572A            FED NMNM-113910 America            JCaza Energy LLC i            j 06/01/2005 Eddy            NM
——  ——  ——  ——  —
22-S            j 22-E
0I524A 23-S            j 22-E
01525A i (0/01/20O4 23-S ‘ 22-E
-
STNMV-7131 State of New Mexico            jCaza Energy LLC            Eddy            NM 02 N/2
——  ——  ——  ——  -—  S/2
STNMV-7192 Slate of New Mexico            Caza Energy LLC 10/01/2004 |Eddy 1 NM 02
——  ——  ——  ——  ——  —

9exv10w10

 

Exhibit 10.10

ESCROW AGREEMENT

     THIS ESCROW AGREEMENT (this “Agreement”), dated as of February 27, 2006 (the (“Closing Date”),
among (1) Concho Resources Inc., a Delaware corporation (“Concho Resources”); (2) the stockholders
of Concho Equity Holdings Corp., a Delaware corporation (“Concho Holdings”), listed on Schedule
I attached hereto, as such schedule may be amended from time to time as contemplated herein
(the “Concho Holdings Stockholders”) and (3) James L. Irish, III, or any successor duly appointed
in accordance with the terms of this Agreement (the “Escrow Agent”).

     WHEREAS, pursuant to that certain Combination Agreement dated as of February 24, 2006 (the
“Combination Agreement”), by and among Concho Resources, Concho Holdings, the Concho Holdings
Stockholders and the other signatories thereto, the Concho Holdings Stockholders have agreed to
exchange all of the outstanding capital stock of Concho Holdings owned by them for Concho Resources
Common Stock;

     WHEREAS, pursuant to the terms of Section 2.1 of the Combination Agreement, each Concho
Holdings Stockholder has transferred and assigned to Concho Resources all shares of the outstanding
Concho Holdings Preferred Stock then owned by such Concho Holdings Stockholder free and clear of
any Liens, and, in exchange therefor such Concho Holdings Stockholder has received 1.5 shares of
Concho Resources Common Stock for each share of Concho Holdings Preferred Stock so transferred and
assigned; and

     WHEREAS, this Agreement is intended to comply with Revenue Procedure 84-42 and Sections 351
and 368 of the Internal Revenue Code of 1986, as amended;

     NOW, THEREFORE, in consideration of the premises and mutual covenants and agreements herein
contained, the receipt and sufficiency of which are hereby acknowledged, and upon the terms and
subject to the conditions hereinafter set forth, the parties hereby agree as follows:

     Section 1. Defined Terms. Capitalized terms used in this Agreement and not otherwise
defined shall have the respective meanings given to them in the Combination Agreement.

     Section 2. Establishment of Escrow.

     (a) The Concho Holdings Stockholders have deposited or caused to be deposited with the Escrow
Agent certificates representing 861,501 shares of Concho Resources Common Stock, together with
stock powers duly executed in blank by the registered owners thereof. The shares so deposited with
the Escrow Agent and such stock powers are referred to as the “Deposit Shares.” The Deposit Shares
shall be registered in the name of the respective owners thereof. The Escrow Agent hereby
acknowledges receipt thereof.

     (b) The Escrow Agent hereby agrees to act as escrow agent and to hold, safeguard and disburse
the Deposit Shares pursuant to the terms and conditions hereof.

 

 

     (c) In the event that other persons who are currently holders of preferred stock of Concho
Equity Holdings Corp. acquire Concho Resources Common Stock subsequent to the date of this
Agreement, such stockholders may be required to deposit Deposit Shares with the Escrow Agent. In
such event, such stockholders will execute a counterpart of this Agreement in order to become a
Concho Holdings Stockholder and such other documents as may be required by the Escrow Agent, after
which time such person shall become Concho Holdings Stockholder for the purposes of this Agreement.

     Section 3. Term. The Deposit Shares shall be held by the Escrow Agent in accordance
with the terms of this Agreement from the date of deposit until the Deposit Shares have been
disposed of by the Escrow Agent in accordance with this Agreement.

     Section 4. Distribution of Deposit Shares.

     (a) Upon receipt by the Escrow Agent at any time of joint written instructions from the Concho
Holdings Stockholders, the Escrow Agent will deliver the Deposit Shares in accordance with such
instructions.

     (b) If, on or before the first anniversary of the date of this Agreement (the “Initial
Period”), Concho Resources consummates one of the following transactions (the “First Release
Condition”):

     (i) a sale of Concho Resources, whether such disposition be by merger, share exchange,
consolidation, sale of stock or sale of all or substantially all of its assets (a “Sale”)
where the per share price of the Concho Resources Common Stock in such Sale is equal to or
greater than $12.00 per share; or

     (ii) an initial public offering of shares of its common stock (an “IPO”), where either:

     (A) the offering price per share (without deduction for fees to underwriters)
of the Concho Resources Common Stock in such IPO is equal to or greater than $12.00
per share, or

     (B) the average of the last reported sale prices for the Concho Resources
Common Stock as reported by Bloomberg Information Services, Inc. for the thirty (30)
consecutive trading days immediately following the initial closing of such IPO is
greater than or equal to $14.00 per share,

     then the Chief Executive Officer of Concho Resources shall promptly, and in any event within
ten (10) days after the occurrence of the First Release Condition, give written notice (“Notice”)
to the Escrow Agent of the occurrence and satisfaction of the First Release Condition, which Notice
shall be countersigned by those parties holding at least 50% of the Deposit Shares. Within ten
(10) days following receipt by the Escrow Agent of Notice regarding the satisfaction of the First
Release Condition, the Escrow Agent shall promptly deliver the Deposit Shares to Concho Resources.
Upon receipt of the Deposit Shares, Concho Resources shall promptly, and in any event within ten
(10) days after such receipt, cancel the certificates representing the Deposit Shares and issue to
the Concho Holdings Stockholders listed on Schedule II hereto

2

 

certificates representing the number of shares of Concho Resources Common Stock set forth
opposite their respective names on Schedule II as the “Released Shares”.

     (c) If the First Release Condition has not occurred during the Initial Period and within 180
days after the termination of the Initial Period (the “Extension Period”) Concho Resources
consummates either of the following transactions (the “Second Release Conditions,” together with
the First Release Condition, the “Release Conditions”):

     (i) a Sale where the per share price of the Concho Resources Common Stock in such Sale
is equal to or greater than $14.00 per share; or

     (ii) an IPO has occurred during the Initial Period, and the average of the last
reported sale prices for the Concho Resources Common Stock as reported by Bloomberg
Information Services, Inc. for any thirty (30) consecutive trading days during the Extension
Period is greater than or equal to $14.00 per share,

     then the Chief Executive Officer of Concho Resources shall promptly, and in any event within
ten (10) days after the occurrence of the Second Release Condition, give Notice to the Escrow Agent
of the occurrence and satisfaction of the Second Release Condition, which Notice shall be
countersigned by those parties holding at least 50% of the Deposit Shares. Within ten (10) days
following receipt by the Escrow Agent of Notice regarding the satisfaction of the Second Release
Condition, the Escrow Agent shall promptly deliver the Deposit Shares to Concho Resources. Upon
receipt of the Deposit Shares, Concho Resources shall promptly, and in any event within ten (10)
days after such receipt, cancel the certificates representing the Deposit Shares and issue to the
Concho Holdings Stockholders listed on Schedule II hereto certificates representing the
number of shares of Concho Resources Common Stock set forth opposite their respective names on
Schedule II as the Released Shares.

     (d) As used in this Agreement, any per share price of Concho Resources Common Stock shall be
adjusted to account for any event following the date of this Agreement whereby the outstanding
shares of the Concho Resources Common Stock shall be changed into or exchanged for a different
number or kind of shares of stock or other securities through recapitalization, reclassification,
stock split, split-up, combination or exchange of shares or increase because of any dividends paid
in Common Stock.

     (e) The Escrow Agent shall not be required to inquire or make any investigation beyond the
bounds of this Agreement in delivering the Deposit Shares.

     Section 5. Release of Deposit Shares. Notwithstanding any provision herein to the
contrary, if, within 540 days after the date of this Agreement, the Escrow Agent has not received
joint written instructions relating to the disposition of the Deposit Shares pursuant to Section
4(a) or Notice of the occurrence of either of the Release Conditions pursuant to Section 4(b) or
4(c), then the Escrow Agent shall promptly, and in any event within ten (10) days, distribute the
certificates representing the Deposit Shares then held in escrow hereunder to the registered owners
thereof.

     Section 6. Escrow Agent.

3

 

     (a) The duties and responsibilities of the Escrow Agent shall be limited to those expressly
set forth in this Agreement, and the Escrow Agent shall not be subject to, nor obligated to
recognize, any provision of any other agreement between, or direction or instruction of, any or all
of the parties to this Agreement (other than the definitions of capitalized terms that are defined
in the Combination Agreement and not otherwise defined herein).

     (b) If any portion of the Deposit Shares are at any time attached, garnished or levied upon
under any court order or in case the disposition of the Deposit Shares shall be stayed or enjoined
by any court order, or in case any order, judgment or decree shall be made or entered by any court
affecting such Deposit Shares or any part thereof, then and in all of such events, the Escrow Agent
is authorized, in its sole discretion, to rely upon and comply with any such order, writ, judgment
or decree which it is advised by legal counsel is binding upon it. If the Escrow Agent complies
with any such order, writ, judgment or decree, it shall not be liable to any of the parties to this
Agreement or to any other person by reason of such compliance even though such order, writ,
judgment or decree may be subsequently reversed, modified, annulled, set aside or vacated.

     (c) The Escrow Agent shall not be liable for any act taken or omitted under this Agreement if
taken or omitted by it in good faith and in the exercise of reasonable care under the
circumstances. The Escrow Agent shall also be fully protected in relying upon any written notice,
demand, certificate or document that it in good faith believes to be genuine (including facsimiles
thereof).

     (d) The Escrow Agent, and any successor Escrow Agent, may resign at any time as Escrow Agent
hereunder by giving at least ten (10) days’ written notice to Concho Resources and the Concho
Holdings Stockholders. Upon such resignation and the appointment of a successor Escrow Agent, the
resigning Escrow Agent shall be absolved from any and all liability in connection with the exercise
of its powers and duties as Escrow Agent hereunder except for liability arising in connection with
its gross negligence or willful misconduct. Upon their receipt of notice of resignation from the
Escrow Agent, Concho Resources and the Concho Holdings Stockholders shall use reasonable efforts
jointly to designate a successor Escrow Agent. In the event Concho Resources and the Concho
Holdings Stockholders do not agree upon a successor Escrow Agent within ten (10) days after the
receipt of such notice, the Escrow Agent so resigning may petition any court of competent
jurisdiction for the appointment of a successor Escrow Agent or other appropriate relief and any
such resulting appointment shall be binding upon all parties hereto. By mutual agreement, the
Concho Holdings Stockholders shall have the right at any time, upon not less than five (5) days’
written notice given to the Escrow Agent, to terminate their appointment of the Escrow Agent, or
successor Escrow Agent, as Escrow Agent. The Escrow Agent or successor Escrow Agent shall continue
to act as Escrow Agent until a successor is appointed and qualified to act as Escrow Agent. A
termination under this paragraph shall in no way discharge clause (f) of this Section 6 and Section
7 hereof affecting indemnity and reimbursement of expenses and fees.

     (e) In the event of any conflicting or inconsistent claims or demands being made in connection
with the subject matter of this Agreement, or in the event that the Escrow Agent is in doubt as to
what action it should take hereunder, the Escrow Agent may, at its option, refuse to comply with
any claims or demands on it, or refuse to take any other action hereunder so long as

4

 

such disagreement continues or such doubt exists, and in any such event, the Escrow Agent
shall not be or become liable in any way or to any person for its failure or refusal to act, and
the Escrow Agent shall be entitled to continue to refrain from acting until (i) the rights of all
parties have been fully and finally adjudicated by a court of competent jurisdiction, or (ii) all
differences shall have been settled and all doubt resolved by agreement among all of the interested
persons, and the Escrow Agent shall have been notified thereof in writing signed by all such
persons. In addition to the foregoing rights, in the event the Escrow Agent has any doubt as to
the course of action it should take under this Agreement, the Escrow Agent is hereby authorized to
petition any state district court of competent jurisdiction in Dallas, Texas or the United States
District Court of the Northern District of Texas for instructions or to interplead the funds or
assets so held (including the Deposit Shares and any investments) into such court. The parties
agree to the jurisdiction of either of said courts over their persons as well as the Deposit
Shares, waive personal service of process, and agree that service of process by certified or
registered mail, return receipt requested, to the address set forth for notice in Section 9(a) of
this Agreement shall constitute adequate service.

     (f) CONCHO RESOURCES AND THE CONCHO HOLDINGS STOCKHOLDERS HEREBY AGREE, SEVERALLY AND JOINTLY,
TO INDEMNIFY ESCROW AGENT FOR, AND TO HOLD ESCROW AGENT HARMLESS AGAINST, ANY LOSS, LIABILITY OR
EXPENSE INCURRED WITHOUT GROSS NEGLIGENCE, WILLFUL MISCONDUCT OR BAD FAITH ON THE PART OF ESCROW
AGENT, ARISING OUT OF OR IN CONNECTION WITH ESCROW AGENT’S ENTERING INTO THIS AGREEMENT AND
CARRYING OUT ESCROW AGENT’S DUTIES HEREUNDER, INCLUDING COSTS AND EXPENSES OF SUCCESSFULLY
DEFENDING ESCROW AGENT AGAINST ANY CLAIM OF LIABILITY WITH RESPECT THERETO. ESCROW AGENT MAY
CONSULT WITH COUNSEL OF ITS OWN CHOICE AND SHALL HAVE FULL AND COMPLETE AUTHORIZATION AND
PROTECTION FOR ANY ACTION TAKEN OR SUFFERED BY IT HEREUNDER IN GOOD FAITH AND IN ACCORDANCE WITH
THE OPINION OF SUCH COUNSEL.

     Section 7. Fees and Expenses of Escrow Agent. The Escrow Agent shall (a) be paid a
fee of $2,500 for its services under this Agreement, which payment shall be made within five days
after the execution hereof, and (b) be entitled to reimbursement for reasonable expenses (including
the reasonable fees and disbursements of its counsel) actually incurred by the Escrow Agent in
connection with its duties under this Agreement (such fees and expenses being hereinafter referred
to collectively as the “Escrow Agent Fees and Expenses”). All Escrow Agent Fees and Expenses shall
be paid by Concho Resources.

     Section 8. Voting Rights; Dividends. Notwithstanding anything contained herein to the
contrary, for so long as the Deposit Shares shall continue to be held by the Escrow Agent, the
beneficial owner of the Deposit Shares, as reflected on the books and records of Concho Resources,
shall retain any and all voting rights and the right to receive dividends with respect to such
shares. Cash dividends (but not stock dividends) shall be payable directly by Concho Resources to
the beneficial owners of the Deposit Shares at their respective addresses set forth opposite such
person’s name on Schedule III.

5

 

     Section 9. Miscellaneous.

     (a) All notices, requests, consents or other communications required or permitted under this
Agreement shall be in writing and shall be delivered by hand, telecopy, overnight delivery service,
or first-class mail, postage prepaid, and in each case addressed as follows:

     If to Concho Resources, to:

Concho Equity Holdings Corp.

550 West Texas Avenue, Suite 1300

Midland, Texas 79701

Telephone: (432) 683-7443

Fax: (432) 683-7441

Attention: Mr. David W. Copeland

     with a copy to:

Thompson & Knight LLP

1700 Pacific Avenue, Suite 3300

Dallas, Texas 75201

Telephone: (214) 969-1700

Fax: (214) 969-1751

Attention: Mr. Joe Dannenmaier

     if to the Escrow Agent, to:

James. L. Irish, III

1700 Pacific Avenue, Suite 3300

Dallas, Texas 75201

Telephone: (214) 969-1700

Fax: (214) 969-1751

if to the Concho Holdings Stockholders, to the address set forth opposite their respective
names on Schedule III.

Any party by written notice to the other parties pursuant to this Section 9(a) may change the
address or the persons to whom notices or copies thereof shall be directed.

     (b) This Agreement and the rights and duties hereunder shall be binding upon and inure to the
benefit of the parties hereto and the successors and assigns of each of the parties to this
Agreement. No rights, obligations or liabilities hereunder shall be assignable by any party
without the prior written consent of the other parties hereto; provided, however, that the Concho
Holdings Stockholders may assign their rights under this Agreement without obtaining the prior
written consent of any other party hereto.

6

 

     (c) This Agreement may be amended or modified, and any joint notice required hereunder may be
given, only by an instrument in writing duly executed by the parties to this Agreement that
represent at least (i) 85% of the number of Deposit Shares, and (ii) 85% of the number of Released
Shares.

     (d) Any waiver by any party hereto of any breach of or failure to comply with any provision of
this Agreement by any other party hereto shall be in writing and shall not be construed as, or
constitute, a continuing waiver of such provision, or a waiver of any other breach of, or failure
to comply with, any other provision of this Agreement.

     (e) This Agreement shall be construed and enforced in accordance with and governed by the
internal substantive laws of the State of Texas. The headings in this Agreement are solely for
convenience of reference and shall not be given any effect in the construction or interpretation of
this Agreement. Unless otherwise stated, references to Sections and Schedules are references to
Sections and Schedules of this Agreement.

     (f) Nothing expressed or implied in this Agreement is intended, or shall be construed, to
confer upon or give any person or entity other than Concho Resources, the Concho Holdings
Stockholders and the Escrow Agent any rights or remedies under, or by reason of, this Agreement.

     (g) This Agreement shall terminate at the time of the final distribution by the Escrow Agent
of all Deposit Shares in accordance with the provisions of this Agreement.

     (h) This Agreement shall be executed in one or more counterparts, each of which shall be
deemed any original and all of which together shall constitute a single instrument.

     (i) The Escrow Agent hereby waives any and all rights to offset that it may have against the
Deposit Shares including, without limitation, claims arising as a result of any claims, amounts,
liabilities, costs, expenses, damages, or other losses that the Escrow Agent may be otherwise
entitled to collect from any party to this Agreement.

[SIGNATURE PAGES FOLLOW]

7

 

     IN WITNESS WHEREOF, each of the parties hereto has executed this Agreement in multiple
counterparts by its duly authorized officers, as of the day and year first above written.

	 	 	 	 	 	 	 
	 	 	CONCHO RESOURCES INC.	 	 
	 	 	(a Delaware corporation)	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ David W. Copeland

	 	 
	 

	 	Name:	 	David W. Copeland
	 	 
	 

	 	Title:	 	 Vice President
	 	 
	 
	 	 	 	 	 	 
	 	 	ESCROW AGENT:	 	 
		 	/s/ James L. Irish, III	 		 	 
	 	 	 	 	 
	 	 	JAMES L. IRISH, III	 	 

[Signature Page to Escrow Agreement]

 

 

	 	 	 	 	 
	 

	 	CONCHO HOLDINGS STOCKHOLDERS:	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 
	 	/s/ Timothy A. Leach	 	 
	 

	 	 

Timothy A. Leach
	 	 
	 
	 	 	 	 
	 
	 	/s/ Steven L. Beal	 	 
	 

	 	 

Steven L. Beal
	 	 
	 
	 	 	 	 
	 
	 	/s/ David W. Copeland	 	 
	 

	 	 

David W. Copeland
	 	 
	 
	 	 	 	 
	 
	 	/s/ Curt F. Kamradt	 	 
	 

	 	 

Curt F. Kamradt
	 	 
	 
	 	 	 	 
	 
	 	/s/ E. Joseph Wright	 	 
	 

	 	 

E. Joseph Wright
	 	 
	 
	 	 	 	 
	 
	 	/s/ David M. Thomas, III	 	 
	 

	 	 

David M. Thomas, III
	 	 

[Signature Page to Escrow Agreement]

 

 

	 	 	 	 	 	 	 	 	 
	 	 	YORKTOWN ENERGY PARTNERS V, L.P.:
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	Yorktown V Company, LLC,

its general partner
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ W. Howard Keenan
	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:	 	W. Howard Keenan
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Title:
	 	Managing Member
	 
	 	 	 	 	 	 	 	 
	 	 	YORKTOWN ENERGY PARTNERS VI, L.P.:
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	Yorktown VI Company LP,

its general partner
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	Yorktown VI Associates LLC,

its general partner
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ W. Howard Keenan
	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:	 	W. Howard Keenan
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Title:
	 	Managing Member
	 
	 	 	 	 	 	 	 	 
	 	 	WACHOVIA CAPITAL PARTNERS 2004, LLC
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ A. Wellford Tabor	 
	 	 	 	 	 
	 

	 	 	 	Name:	 	A. Wellford Tabor
	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	Partner	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	PPM AMERICA PRIVATE EQUITY FUND, L.P.
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	PPM America Capital Partners, LLC,

Its general partner
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ Craig Waslin
	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:	 	Craig Waslin
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Title:	 	Partner
	 

	 	 	 	 	 	 	 	 

[Signature Page to Escrow Agreement]

 

 

	 	 	 	 	 	 	 	 	 
	 	 	MANSEFELDT CONCHO PARTNERS
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ Tucker Bridwell	 
	 	 	 	 	 
	 

	 	 	 	Name:	 	Tucker Bridwell	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	DIAN GRAVES OWEN FOUNDATION
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ Tucker Bridwell	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	Name:	 	Tucker Bridwell	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	Managing Partner	 	 
	 	 	 	 	 	 	 
	 
	 
	 	/s/ Tucker Bridwell, by POA	 	 	 	 	 	 
	 	 	 
	 	 	Joseph Edwin Canon
	 
	 
	 	/s/ Tucker Bridwell, by POA	 	 	 	 	 	 
	 	 	 
	 	 	Kade L. Matthews
	 
	 	 	 	 	 	 	 	 
	 	 	TEJON ENERGY PARTNERS, L.P.
	 	 	By: Jimaka, LLC, its general partner
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ Tucker Bridwell, by POA	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	Name:	 	Tucker Bridwell	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	DODGE JONES FOUNDATION
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ Tucker Bridwell, by POA	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	Name:	 	Tucker Bridwell	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 	 	 	 	 	 	 

[Signature Page to Escrow Agreement]

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	YALE UNIVERSITY	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ David F. Swensen	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	David F. Swensen	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	Chief Investment Officer	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	THE BOARD OF TRUSTEES OF THE

LELAND STANFORD JUNIOR UNIVERSITY	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	The Stanford Management Company	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ Larry S. Owen	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	Larry S. Owen	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	Managing Director	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	THE GENERAL MILLS GROUP TRUST	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daralyn Peifer	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	Daralyn Peifer	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	Secretary to the General Mills,
Inc. Benefit Finance Committee	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	THE VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION TRUST FOR THE GENERAL MILLS AND

BAKERY CONFECTIONERY, TOBACCO AND GRAIN MILLERS HEALTH AND WELFARE PLAN
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daralyn Peifer	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	Daralyn Peifer	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	Secretary to the
General Mills, Inc. Benefit Finance Committee	 	 	 	 
	 	 	 	 	 	 	 	 	 

[Signature Page to Escrow Agreement]

 

 

Schedule I

Stockholders of Concho Equity Holdings Corp. Participating in the Escrow Agreement

Timothy A. Leach

Steven L. Beal

David W. Copeland

Curt F. Kamradt

E. Joseph Wright

David M. Thomas, III

Yorktown Energy Partners V, L.P.

Yorktown Energy Partners VI, L.P.

Wachovia Capital Partners 2004, LLC

PPM America Private Equity Fund, L.P.

Mansefeldt Concho Partners

Dian Graves Owen Foundation

Joseph Edwin Canon

Kade L. Matthews

Tejon Energy Partners, L.P.

Dodge Jones Foundation

Yale University

The Board of Trustees of the Leland Stanford Junior University

The General Mills Group Trust

The Voluntary Employees Beneficiary Association Trust for the General Mills and Bakery

     Confectionary, Tobacco and Grain Millers Heath and Welfare Plan

 

 

Schedule II

DEPOSIT SHARES 

	 	 	 	 	 	 	 	 	 
	Name	 	Deposit Shares	 	Released Shares
	Timothy A. Leach
	 	 	 	 	 	 	258,450	 
	Steven L. Beal
	 	 	 	 	 	 	258,450	 
	David W. Copeland
	 	 	 	 	 	 	114,867	 
	Curt F. Kamradt
	 	 	 	 	 	 	114,867	 
	E. Joseph Wright
	 	 	 	 	 	 	114,867	 
	David M. Thomas, III
	 	 	9,040	 	 	 	 	 
	Yorktown Energy Partners V, L.P.
	 	 	180,511	 	 	 	 	 
	Yorktown Energy Partners VI, L.P.
	 	 	270,766	 	 	 	 	 
	Wachovia Capital Partners 2004, LLC
	 	 	90,255	 	 	 	 	 
	PPM America Private Equity Fund, L.P.
	 	 	19,856	 	 	 	 	 
	Mansefeldt Concho Partners
	 	 	18,051	 	 	 	 	 
	Dian Graves Owen Foundation
	 	 	12,410	 	 	 	 	 
	Joseph Edwin Canon
	 	 	677	 	 	 	 	 
	Kade L. Matthews
	 	 	1,354	 	 	 	 	 
	Tejon Energy Partners, L.P.
	 	 	11,959	 	 	 	 	 
	Dodge Jones Foundation
	 	 	11,959	 	 	 	 	 
	Yale University
	 	 	135,383	 	 	 	 	 
	The Board of Trustees of the Leland
Stanford Junior University
	 	 	58,666	 	 	 	 	 
	The General Mills Group Trust
	 	 	36,553	 	 	 	 	 
	The Voluntary Employees Beneficiary
Association Trust for the General
Mills and Bakery Confectionary,
Tobacco and Grain Millers Heath and
Welfare Plan
	 	 	4,061	 	 	 	 	 

 

 

Schedule III

	 	 	 	 	 
	Name	 	Address for Notice	 
	Timothy A. Leach
	 	 	 	 
	Steven L. Beal
	 	 	 	 
	David W. Copeland
	 	 	 	 
	Curt F. Kamradt
	 	 	 	 
	E. Joseph Wright
	 	 	 	 
	David M. Thomas, III
	 	 	 	 
	Yorktown Energy Partners V, L.P.
	 	 	 	 
	Yorktown Energy Partners VI, L.P.
	 	 	 	 
	Wachovia Capital Partners 2004, LLC
	 	 	 	 
	PPM America Private Equity Fund, L.P.
	 	 	 	 
	Mansefeldt Concho Partners
	 	 	 	 
	Dian Graves Owen Foundation
	 	 	 	 
	Joseph Edwin Canon
	 	 	 	 
	Kade L. Matthews
	 	 	 	 
	Tejon Energy Partners
	 	 	 	 
	Dodge Jones Foundation
	 	 	 	 
	Yale University
	 	 	 	 
	The Board of Trustees of the Leland Stanford Junior
University
	 	 	 	 
	The General Mills Group Trust
	 	 	 	 
	The Voluntary Employees Beneficiary Association Trust
for the General Mills and Bakery Confectionary, Tobacco
and Grain Millers Heath and Welfare Plan

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