Document:

PURCHASE AND SALE
AGREEMENT

     

    This
Purchase and Sale Agreement (“Agreement”) dated as
of January 19, 2010 (the “Execution Date”), but
effective as of December 1, 2009, is by and between RCWI, L.P., a Texas limited
partnership (“Seller”), and REEF
OIL & GAS INCOME AND DEVELOPMENT FUND III, L.P., a Texas limited partnership
(“Buyer”).

     

    WHEREAS,
Seller acquired certain assets from Azalea Properties, Ltd. (“Azalea Assets”) on
January 19, 2010,

     

    WHEREAS,
Seller acquired the Azalea Assets under the terms of (1) a Purchase and Sale
Agreement, dated December 18, 2009, but effective December 1, 2009, (2) a Side
Letter Agreement, dated January 19, 2010, regarding “Post Closing
Properties/Title Defect Notice”, (3) a Side Letter Agreement, dated January 19,
2010, regarding “Third Party Consents”, (4) a Side Letter Agreement, dated
January 19, 2010, regarding “Post Closing PUDs” and (5) numerous assignments of
interest from Azalea Properties, Ltd. (Items (2), (3) and (4) shall hereinafter
be referred to as the “Letter Agreements”),

     

    WHEREAS,
Seller wishes to sell 61% of its right, title and interest in and to the Azalea
Assets to Buyer,

     

    WHEREAS,
Buyer wishes to buy 61% of Seller’s right, title and interest in and to the
Azalea Assets,

     

    NOW
THEREFORE, in consideration of the mutual promises contained herein, the
benefits to be derived by each party hereunder and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
Buyer and Seller agree as follows:

     

    ARTICLE
I

     

    PURCHASE AND
SALE

     

    1.01           Purchase and
Sale.  Seller
agrees to sell and convey and Buyer agrees to purchase and pay for the Interests
subject to the terms and conditions of this Agreement.

     

    1.02           Interests.  All
of the following shall be referred to as the “Interests”:

     

    (a)           61%
of Assignor’s right, title and interest in and to the properties listed on
Exhibit A (the “Properties”).

     

    (b)           61%
of Seller’s right, title and interest in and to the entire estates created by
the leases, licenses, permits and other agreements applicable to, or pertinent
to, the ownership and operation of the Properties (the “Leases”) insofar as
the Leases cover and relate to the lands described in the Leases (the “Lands”), together
with (i) all rights, privileges, benefits and powers conferred upon the holder
of the Leases with respect to the use and occupation of the surface of the Lands
that may be necessary, convenient or incidental to the possession and enjoyment
of the Leases, (ii) all rights in respect of any pooled or unitized acreage
located in whole or in part 

     

    
      
        
        

      

      
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        within
the Lands by virtue of the Leases, including rights to production from the pool
or unit allocated to any Lease being a part thereof, regardless of whether such
production is from the Lands, (iii) all rights, options, titles and interests of
Seller granting Seller the right to obtain, or otherwise earn interests within
the Lands no matter how earned, and (iv) all tenements, hereditaments and
appurtenances belonging to any of the foregoing;

      

         

    

    (c)           61%
of Seller’s right, title and interest in and to all of the oil and gas wells,
saltwater disposal and water wells and injection wells (whether or not currently
producing) (the “Wells”) associated
with or located on the Properties, all pipelines, flowlines, plants, gathering
and processing systems, platforms, buildings, compressors, meters, tanks,
machinery, tools, pulling machines, utility lines, and all of the personal
property, equipment, fixtures and improvements now or as of the Effective Time
(as defined in Section 1.03 below) in or on the Lands, appurtenant thereto or
used in connection therewith or with the production, treatment, sale or disposal
of hydrocarbons or water produced therefrom or attributable thereto and all
other appurtenances thereunto belonging, whether or not located on the
Leases;

     

    (d)           61%
of Seller’s right, title and interest in and to the contracts and contractual
rights, obligations and interest, including all farmout agreements, farmin
agreements, drilling contracts, operating agreements, sales contracts, saltwater
disposal agreements, division orders and transfer orders and other contracts or
agreements covering or affecting any or all of the Properties (the
“Contracts”).  ;

     

    (e)           61%
of Seller’s right, title and interest in and to the easements, licenses,
authorizations, permits and similar rights and interests applicable to, or
pertinent to, the ownership and operation of the Properties;

     

    (f)           61%
of Seller’s right, title and interest in and to all inventories, oil, gas and
production in tanks, in storage below the pipeline connection in tanks or
upstream of the sales meter (“line fill”) and
inventory attributable to the Properties;

     

    (g)           61%
of Seller’s right, title and interest in and to all other right and interests
in, to or under or derived from the Interests, even though same may be
improperly described or omitted from the exhibits;

     

    (h)           61%
of Seller’s right, title and interest in and to the rights and obligations set
forth in the Letter Agreements and

     

    (i)           Copies
of all original files, records, documentation and data in Seller’s possession
relating to (or evidencing) Seller’s ownership or rights in the Leases Fee
Interests, Lands and Wells, production, rights-of-way or other rights and
interests described herein, including but not limited to lease files, land
files, well files, accounting files, production sales agreements files, division
and transfer order files, written contracts, title opinions and abstracts, legal
records, governmental filings, geological data, seismic data, information and
analysis, production reports, production logs, core sample reports and maps as
such data is assembled in the normal course of business but exclusive of (A) any
such records, data or information where the transfer of same is prohibited by
third party agreements or applicable law, as to which Seller is unable to secure
a waiver, or (B) the work product of Seller’s legal counsel, excluding title
opinions.

     

    
      
        
        

      

      
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    1.03           Effective
Time.  The
purchase and sale of the Interests shall be effective for all purposes as of
December 1, 2009 at 7:00 a.m., local time at the location of the Interests (the
“Effective
Time”).

     

    ARTICLE
II

     

    PURCHASE
PRICE

     

    2.01           Purchase
Price.  The
purchase price for the Interests shall be Thirteen Million One Hundred Eighty
Two Thousand One Hundred Seventy One Dollars ($13,182,171.00) (the “Purchase Price”),
which shall be adjusted as set forth in Section 2.02 below.

     

    2.02           Adjustments to Purchase
Price.  The
Purchase Price to be paid at Closing shall be minus the Earnest Money and
further adjusted as follows and the resulting amount shall be referred to as the
“Adjusted Purchase
Price”:

     

    (a)           The
Purchase Price shall be adjusted upward for any cash expenditures actually made
by Seller relating to the Interests from the Effective Time to the Closing Date;

     

    (b)           The
Purchase Price shall be adjusted downward for any cash actually received by
Seller relating to the Interests from the Effective Time to the Closing
Date.

     

    (c)           The
Purchase Price shall be adjusted in accordance with the terms of the Letter
Agreements.

     

    (d)           Seller
and Buyer agree that no adjustments other than those set forth from (a) to (c)
above shall be made to the Purchase Price.

     

    ARTICLE
III

     

    REPRESENTATIONS AND
WARRANTIES

     

    3.01           Representations and
Warranties of Seller.  Seller
represents and warrants to Buyer as follows:

     

    (a)           Seller
is a Texas limited partnership duly organized, validly existing and in good
standing under the laws of its state of organization.

     

    (b)           Seller
has the requisite power and authority to carry on its business as presently
conducted, to enter into this Agreement, to sell the Interests on the terms
described in this Agreement and to perform its obligations under this
Agreement.  The consummation of the transactions contemplated by this
Agreement will not violate, nor be in conflict with, (i) any provision of
Seller’s governing documents, (ii) any agreement or instrument to which Seller
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        party or
is bound, except those as to which consents have been or will be obtained prior
to the Closing, or (iii) any judgment, decree, order, statute, rule or
regulation applicable to Seller.

      

         

    

    (c)           The
execution, delivery and performance of this Agreement and the transactions
contemplated hereby have been duly and validly authorized by all requisite
action on the part of Seller.

     

    (d)           This
Agreement has been duly executed and delivered on behalf of Seller, and at the
Closing all documents and instruments required hereunder to be executed and
delivered by Seller shall have been duly executed and delivered.  This
Agreement does, and such documents and instruments shall, constitute legal and
valid obligations of Seller enforceable against it in accordance with its and
their respective terms.

     

    (e)           The
Contracts and the Leases are in full force and effect and have not been modified
or amended in any material respect, and Seller is not in default
thereunder.

     

    (f)           No
claim, demand, filing, hearing, notice of violation, proceeding, notice or
demand letter, investigation, administrative proceeding, civil, criminal or
other action, suit or other legal proceeding is pending or, to the best of
Seller’s knowledge, threatened against Seller or any third party which operates
an Interest relating to, resulting from or affecting the ownership or operation
of the Interests.  No notice from any governmental authority or any
other person (including employees) has been received by Seller or, to the best
of Seller’s knowledge, any third party which operates any Interest as to any
claim, demand, filing, hearing, notice of violation, proceeding, notice or
demand letter, relating to, resulting from or affecting the ownership or
operation of the Interests, claiming any violation of any law, statute, rule,
regulation, ordinance, order, decision or decree of any governmental authority
(including, without limitation, any such law, rule, regulation, ordinance,
order, decision or decree concerning the conservation of natural resources) or
claiming any breach of contract or agreement with any third party.

     

    (g)           Seller
does not operate and has not operated any of the Interests.

     

    (h)           All
royalties, rentals, and other payments due pursuant to or with respect to the
Interests, which are payable by Seller have been properly and timely paid, and
to the knowledge of Seller, if payable by third parties, have been properly and
timely paid.  There are no royalty suspense accounts maintained by
Seller with respect to the Interests.  Neither Seller, nor, to the
knowledge of Seller, any other party is in default under any Lease as of the
Execution Date, and to which Seller is a party, and the Leases are valid and
subsisting oil and gas leases and are currently in full force and
effect.

     

    (i)           Seller
has obtained and is in compliance with all licenses, permits, contracts,
easements and agreements relating to the Interests that are required to be
obtained by Seller.  To the knowledge of Seller, each third party
operator of the Interests has obtained and is in compliance with all licenses,
permits, contracts, easements and agreements relating to the Interests that are
required to be obtained by it.  To the knowledge of Seller, all such
licenses, permits, contracts, easements and agreements are in full force and
effect; and no violations exist under such licenses, permits, contracts and
agreements.  Seller is in compliance with all laws, rules and
regulations of federal, state or local entities, which have jurisdiction over
Seller, or the 

     

    
      
        
        

      

      
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      Interests to be sold hereunder, including but
not limited to all environmental regulations and laws.  Seller has
been and is in material compliance, and to the knowledge of Seller, each third
party operator of the Interests is in material compliance, under all
environmental laws.

         

    

    (j)           To
the knowledge of Seller, there are no gas imbalances that exist with respect to
the Interests.

     

    (k)           There
are no Wells included in the Interests that (i) Seller, or, to the knowledge of
Seller, a third party operator, is obligated by law or contract to currently
plug and abandon, or (ii) are subject to exceptions to a requirement to plug and
abandon issued by a governmental authority.  Seller has not installed
any underground storage tanks or constructed any unlined production pits in, on
or underlying any of the Interests, and to the knowledge of Seller, no
underground storage tanks or unlined production pits have been installed or
constructed by anyone else in, on or underlying any of the
Interests.

     

    (l)           All
property, ad valorem, production, severance and other taxes of a similar nature
that are due have been timely paid or are being contested in good
faith.  There are no extensions or waivers of any statute of
limitations with respect to such taxes or tax liens burdening the Interests
except for liens for current taxes not yet due and payable.

     

    (m)           Seller
is not a “foreign person” within the meaning of §1445 of the Internal Revenue
Code of 1986, as amended.

     

    (n)           There
are no bankruptcy or receivership proceedings pending against, being
contemplated by, or threatened against Seller.

     

    (o)           Seller
is an experienced and knowledgeable investor in the oil and gas
business.  Seller has been advised by and has relied solely on its own
expertise and legal, tax, reservoir engineering, environmental and other
professional counsel concerning this transaction, the Interests and value
thereof.

     

    (p)           Seller
is not obligated by virtue of a hedging contract to deliver hydrocarbons
produced from the Wells at any time after the Closing Date without then or
thereafter receiving full payment therefor.

     

    3.02           Representations and
Warranties of Buyer.  Buyer
represents and warrants to Seller as follows:

     

    (a)           Buyer
is a Texas limited partnership and is duly organized, validly existing and in
good standing under the laws of its state of organization.

     

    (b)           Buyer
has all requisite power and authority to carry on its business as presently
conducted, to enter into this Agreement, to purchase the Interests on the terms
described in this Agreement and to perform its other obligations under this
Agreement.  The consummation of the transactions contemplated by this
Agreement will not violate, nor be in conflict with, any provision of Buyer’s
governing documents, or any agreement or instrument to which Buyer is a party or
is bound, or any judgment, decree, order, statute, rule or regulation applicable
to Buyer.

     

    
      
        
        

      

      
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    (c)           The
execution, delivery and performance of this Agreement and the transactions
contemplated hereby have been duly and validly authorized by all requisite
action on the part of Buyer.

     

    (d)           This
Agreement has been duly executed and delivered on behalf of Buyer, and at the
Closing all documents and instruments required hereunder to be executed and
delivered by Buyer shall have been duly executed and delivered.  This
Agreement does, and such documents and instruments shall, constitute legal and
valid obligations of Buyer enforceable against it in accordance with its and
their respective terms.

     

    (e)           Prior
to executing this Agreement, Buyer has been afforded an opportunity to (i)
examine the Interests and such materials as it has requested to be provided to
it by Seller, and (ii) discuss with representatives of Seller such materials and
the nature and operation of the Interests.  In entering into this
Agreement, Buyer has relied solely on the express representations and covenants
of Seller in this Agreement, its independent investigation of, and judgment with
respect to, the Interests and the advice of its own legal, tax, economic,
environmental, engineering, geological and geophysical advisors and not on any
comments or statements of any representatives of, or consultants or advisors
engaged by, Seller or its representatives.

     

    (f)           Prior
to the Closing, Buyer will use its commercially reasonable efforts to satisfy
all bonding requirements of all state and federal governmental authorities so
that Buyer is qualified to own the Interests.  The consummation of the
transactions contemplated hereby will not cause Buyer to be disqualified as an
owner of state or federal oil, gas and mineral leases, or to exceed any acreage
limitation imposed by any law, statute, rule or regulation.

     

    (g)           Buyer
is an experienced and knowledgeable investor and operator in the oil and gas
business.  

     

    (h)           Buyer
has arranged to have available by the Closing Date sufficient funds to enable
the payment to Seller by wire transfer the Adjusted Purchase Price in accordance
with Section 7.04 hereof and to otherwise perform Buyer’s obligations under this
Agreement.

     

    ARTICLE
IV

     

     

    [INTENTIONALLY
LEFT BLANK]

     

     

    ARTICLE
V

     

    PLUGGING
AND ABANDONMENT/ DISCLAIMER OF WARRANTIES

     

    5.01           Plugging and
Abandonment.  Upon
Closing, Buyer shall assume all of Seller’s plugging, replugging, abandonment,
removal, disposal and restoration obligations associated with the Interests
acquired hereunder.  Such obligations being assumed shall include, but
not be limited to, all necessary and proper plugging and abandonment and/or
removal and disposal of all of the Wells, whether pre-existing or drilled by
Seller, and all structures, personal property and equipment located on or
associated with the Leases, the necessary and proper capping and 

     

    
      
        
        

      

      
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        burying
of all associated flow lines, and any necessary disposal of naturally occurring
radioactive material (NORM) or asbestos.  All plugging, replugging,
abandonment, removal, disposal and restoration operations shall be in compliance
with applicable laws and regulations and conducted in a good and workmanlike
manner.

      

         

    

    5.02           Disclaimer of
Warranties.  THE
EXPRESS REPRESENTATIONS AND WARRANTIES OF SELLER CONTAINED IN THIS AGREEMENT (OR
IN THE ASSIGNMENT TO BE EXECUTED PURSUANT TO THIS AGREEMENT) ARE EXCLUSIVE AND
ARE IN LIEU OF ALL OTHER REPRESENTATIONS AND WARRANTIES, EXPRESS, IMPLIED,
STATUTORY, OR OTHERWISE, AND SELLER EXPRESSLY DISCLAIMS ANY AND ALL SUCH OTHER
REPRESENTATIONS AND WARRANTIES.  SUBJECT TO THE FOREGOING, THE
INTERESTS SHALL BE CONVEYED PURSUANT HERETO WITHOUT ANY WARRANTY OR
REPRESENTATION, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE RELATING TO
THE CONDITION, QUANTITY, QUALITY, FITNESS FOR A PARTICULAR PURPOSE, CONFORMITY
TO THE MODELS OR SAMPLES OF MATERIALS, OR MERCHANTABILITY OF ANY EQUIPMENT OR
ITS FITNESS FOR ANY PURPOSE, AND WITHOUT ANY OTHER EXPRESS, IMPLIED, STATUTORY,
OR OTHER WARRANTY OR REPRESENTATION WHATSOEVER.  BUYER SHALL, EXCEPT
AS PROVIDED OTHERWISE HEREIN, ACCEPT ALL OF THE SAME “AS IS, WHERE
IS”.  WITHOUT LIMITATION OF THE FOREGOING, EXCEPT TO THE EXTENT
EXPRESSLY PROVIDED IN THIS AGREEMENT, SELLER MAKES NO WARRANTY OR
REPRESENTATION, EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE, AS TO THE ACCURACY OR
COMPLETENESS OF ANY DATA, REPORTS, RECORDS, PROJECTIONS, INFORMATION, OR
MATERIALS NOW HERETOFORE, OR HEREAFTER FURNISHED OR MADE AVAILABLE TO BUYER IN
CONNECTION WITH THIS AGREEMENT, INCLUDING, WITHOUT LIMITATION, PRICING
ASSUMPTIONS OR QUALITY OR QUANTITY OF HYDROCARBON RESERVES (IF ANY) ATTRIBUTABLE
TO THE INTERESTS OR THE ABILITY OR POTENTIAL OF THE INTERESTS TO PRODUCE
HYDROCARBONS OR THE ENVIRONMENTAL CONDITION OF THE INTERESTS OR ANY OTHER
MATERIALS FURNISHED OR MADE AVAILABLE TO BUYER BY SELLER, OR BY SELLER’S AGENTS
OR REPRESENTATIVES.  EXCEPT TO THE EXTENT EXPRESSLY PROVIDED IN THIS
AGREEMENT, ANY AND ALL SUCH DATA, RECORDS, REPORTS, PROJECTIONS, INFORMATION,
AND OTHER MATERIALS (WRITTEN OR ORAL) FURNISHED BY SELLER OR OTHERWISE MADE
AVAILABLE OR DISCLOSED TO BUYER ARE PROVIDED TO BUYER AS A CONVENIENCE AND SHALL
NOT CREATE OR GIVE RISE TO ANY LIABILITY OF OR AGAINST SELLER, AND ANY RELIANCE
ON OR USE OF THE SAME SHALL BE AT BUYER’S SOLE RISK TO THE MAXIMUM EXTENT
PERMITTED BY LAW.

     

    ARTICLE
VI

     

    CONDITIONS TO
CLOSING

     

    6.01           Conditions to Obligations of
Seller.  The
obligations of Seller to consummate the transactions contemplated by this
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        Seller,
of the condition that all representations and warranties of Buyer contained in
this Agreement shall be true in all material respects (or true in all respects
as to such representations and warranties that are qualified by materiality) at
and as of the Closing as if such representations and warranties were made at and
as of the Closing, (ii) Buyer shall have performed and satisfied all covenants
and agreements required by this Agreement to be performed and satisfied by Buyer
at or prior to the Closing, (iii) there being no suits, actions or other
proceedings pending or threatened to restrain or prohibit the consummation of
the transactions contemplated by this Agreement, and (iv) neither party having
exercised its right to terminate this Agreement pursuant to Section
9.01.

      

         

    

    6.02           Conditions to Obligations of
Buyer.  The
obligations of Buyer to consummate the transactions contemplated by this
Agreement are subject to (i) the satisfaction, or waiver by Buyer, of the
condition that all representations and warranties of Seller contained in this
Agreement shall be true in all material respects (or true in all respects as to
such representations and warranties that are qualified by materiality) at and as
of the Closing as if such representations and warranties were made at and as of
the Closing, (ii) Seller shall have performed and satisfied all covenants and
agreements required by this Agreement to be performed and satisfied by Seller at
or prior to the Closing, (iii) there being no suits, actions or other
proceedings pending or threatened to restrain or prohibit the consummation of
the transactions contemplated by this Agreement and (iv) neither party having
exercised its right to terminate this Agreement pursuant to Section
9.01.

     

    ARTICLE
VII

     

    CLOSING

     

    7.01           Date of
Closing.  Subject
to the conditions stated in this Agreement, the consummation of the transactions
contemplated by this Agreement (the “Closing”) shall be
held at 10:00 AM on or before January 19, 2010.  Said date shall be
referred to as the “Closing Date”.

     

    7.02           Place of
Closing.  The
Closing shall be held at 1901 North Central Expressway, Suite 300, Richardson,
Texas 75080, or at such other place as Buyer and Seller may agree upon in
writing.

     

    7.03           Closing
Obligations.  At
the Closing the following events shall occur, each being a condition precedent
to the others and each being deemed to have occurred simultaneously with the
others:

     

    (a)           Buyer
shall deliver to Seller a cashier’s check or wire transfer for $13,182,170.00,
the Preliminary Amount

     

    (b)           Seller
shall deliver to Buyer copies of all original land, legal, accounting,
engineering, geological and geophysical records in its possession relating to
the Interests.

     

    
      
        
        

      

      
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    ARTICLE
VIII

     

    OBLIGATIONS AFTER
CLOSING

     

    8.01
Post-Closing Delivery
of Documents.  Within ninety (90) days of Closing, Seller shall
do the following:

     

    (a)           Seller
shall execute, acknowledge and deliver (in sufficient counterparts to facilitate
recording) the Assignment, Conveyance and Bill of Sale (“Assignment”)
conveying the Leases to Buyer in substantially the form attached as Exhibit B
hereto.  As appropriate, Seller shall also execute, acknowledge and
deliver separate assignments of the Interests on officially approved forms, in
sufficient counterparts, to satisfy applicable statutory and regulatory
requirements.

     

    (b)           Buyer
shall deliver transfer orders or letters in lieu thereof directing all
purchasers of production to make payment of proceeds attributable to production
from the Interests after the Effective Time to Buyer; and Seller shall execute
and deliver to Buyer Seller’s affidavit of non-foreign status.

     

    8.02           Post-Closing
Adjustments.  After
the Closing, Seller shall make available to Buyer all accounting records
necessary for Seller to prepare, in accordance with this Agreement, a statement
(the “Final Settlement
Statement”) setting forth each adjustment or payment which was not
finally determined as of the Closing or finally determined pursuant to the last
sentence of this Section 8.02 and showing the calculation of such
adjustments.  As soon as practicable after receipt of the Final
Settlement Statement, Buyer shall deliver to Seller a written report containing
any changes which Buyer proposes be made to the Final Settlement
Statement.  The parties shall undertake to agree with respect to the
amounts due pursuant to such post-closing adjustment no later than ninety (90)
days after the Closing.  If such post-closing adjustment has not been
agreed to within ninety (90) days after the Closing, either party may seek to
enforce any rights it claims hereunder.  The date upon which such
agreement is reached or upon which the Adjusted Purchase Price is established,
shall be referred to as the “Final Settlement Date.”  In the event
that (i) the Adjusted Purchase Price is more than the Preliminary Amount, Buyer
shall deliver to Seller or to Seller’s account the amount of such difference in
immediately available funds, or (ii) the Adjusted Purchase Price is less than
the Preliminary Amount, Seller shall deliver to Buyer or to Buyer’s account the
amount of such difference in immediately available funds.  Payment by
Buyer or Seller shall be made within five (5) days of the Final Settlement
Date.  To the extent not accounted for in the computation of the
Adjusted Purchase Price, all uncollected accounts receivable attributable to the
Interests on or after the Effective Time shall be assigned to
Buyer.  Notwithstanding the foregoing, if after the Closing either
party shall receive any payment belonging to the other party, the party
receiving the payment due to the other party shall remit within five (5)
business days the same to such other party.

     

    8.03           Sales Taxes and Recording
Fees.  Seller
will determine, with Buyer’s assistance, what sales tax, if any, is due in
connection with the sale of the Interests.  Seller and Buyer agree to
use commercially reasonable efforts and cooperate in good faith to exempt the
sale, conveyance, assignments and transfers to be made to Buyer from any sales,
use, stamp, real estate transfer, documentary, registration, recording and other
similar taxes (each a “Transfer

     

    
      
        
        

      

      
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        Tax”).  If
a determination is made that a Transfer Tax applies, Buyer shall be liable for
such tax occasioned by the sale of the Interests.

      

       

    

    8.04           Indemnification.  After
the Closing, Buyer and Seller shall indemnify each other as
follows:

     

    (a)           Including
any “Environmental Claim” as defined herein, Buyer shall defend, indemnify and
save and hold harmless Seller against any and all costs, expenses, claims,
demands and causes of action of whatsoever kind or character, including court
costs and attorneys’ fees, arising out of any operations conducted, commitment
made or any action taken or omitted with respect to the Interests, which accrue
or relate to times on and after the Closing Date.  “Environmental
Claim” shall mean any claim, demand or cause of action asserted by any
governmental agency or any person, corporation or other entity for personal
injury (including sickness, disease or death), property damage or damage to the
environment resulting from the discharge or release of any chemical, material or
emission into one or more of the environmental media at or in the vicinity of
the Interests.

     

    (b)           Excluding
any Environmental Claim, Seller shall defend, indemnify and save and hold
harmless Buyer against any and all costs, expenses, claims, demands and causes
of action of whatsoever kind or character, including court costs and attorneys’
fees, arising out of any operations conducted, commitment made or any action
taken or omitted with respect to the Interests, which accrue or relate to times
prior to the Closing Date.

     

    (c)           THE
INDEMNIFICATION, RELEASE AND ASSUMPTION PROVISIONS PROVIDED FOR IN THIS
AGREEMENT SHALL BE APPLICABLE WHETHER OR NOT THE LOSSES, COSTS, EXPENSES AND
DAMAGES IN QUESTION AROSE SOLELY OR IN PART FROM THE ACTIVE, PASSIVE OR
CONCURRENT NEGLIGENCE, STRICT LIABILITY, BREACH OF DUTY (STATUTORY OR
OTHERWISE), OR OTHER FAULT OF ANY INDEMNIFIED PARTY, PROVIDED THAT NO SUCH
INDEMNIFICATION SHALL BE APPLICABLE TO THE EXTENT OF ANY GROSS NEGLIGENCE OR
WILLFUL MISCONDUCT OF THE INDEMNIFIED PARTY.  BUYER AND SELLER
ACKNOWLEDGE THAT THIS STATEMENT COMPLIES WITH THE EXPRESS NEGLIGENCE RULE AND IS
CONSPICUOUS.

     

    8.05           Further
Assurances.  Seller
and Buyer shall execute, acknowledge and deliver or cause to be executed,
acknowledged and delivered such instruments and take such other action as may be
necessary or advisable to carry out their obligations under this Agreement and
under any exhibit, document, certificate or other instrument delivered pursuant
hereto.

    

    8.06           Survival.  The
representations, warranties, covenants, agreements and indemnities contained in
this Agreement shall expire on the Closing Date.

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

       

    

    ARTICLE
IX

    

    TERMINATION
OF AGREEMENT

    

    9.01           Termination.  This
Agreement and the transactions contemplated hereby may be terminated in the
following instances:

    

    (a)           By
Buyer if any condition set forth in Section 6.02 above shall not be satisfied on
or before the Closing;

    

    (b)           By
Seller if any condition set forth in Section 6.01 above shall not be satisfied
on or before the Closing; or

    

    (c)           By
the mutual written agreement of Buyer and Seller.

    

    ARTICLE
X

    

    MISCELLANEOUS

    

    10.01         Expenses.  Except
as otherwise specifically provided in this Agreement, all fees, costs and
expenses incurred by Buyer or Seller in negotiating this Agreement or in
consummating the transactions contemplated by this Agreement shall be paid by
the party incurring the same, including without limitation, legal and accounting
fees, costs and expenses.

    Notices

    

    10.02         Notices.  All
notices and communications required or permitted under this Agreement shall be
in writing and shall be effective when received by mail, telecopy or hand
delivery as follows:

    

    
      	
                
      

            	
              If to
    Seller:

            	
              RCWI,
      L.P.

            

    

    1901 North Central
Expressway

    Suite
300

    Richardson,
Texas  75080

    Attn:  H.
Walt Dunagin

    Phone: (972)
437 – 6792

    Fax:      (972)
994 – 0369

    

    
      	   	
              If to
    Buyer:

            	
              Reef
      Oil & Gas Income And Development Fund III,
  L.P.

            

    

    1901 North Central
Expressway

    Suite
300

    Richardson,
Texas  75080

    Attn:  H.
Walt Dunagin

    Phone: (972)
437 – 6792

    Fax:      (972)
994 – 0369

    

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

       

    

    Either
party may, by written notice so delivered to the other, change the address to
which notice shall thereafter be made.

    

    10.03         Amendment.  This
Agreement may not be altered or amended, nor any rights hereunder be waived,
except by an instrument in writing executed by the party or parties to be
charged with such amendment or waiver.  No waiver of any term,
provision or condition of this Agreement, in any one or more instances, shall be
deemed to be, or construed as, a further or continuing waiver of any other term,
provision or condition of this Agreement.

    

    10.04         Assignment.  Neither
Seller nor Buyer may assign any portion of its rights or delegate any portion of
its duties or obligations under this Agreement without the prior written consent
of the other party, which consent shall not be unreasonably withheld, delayed or
conditioned.

    

    10.05         Announcements.  Seller
and Buyer shall consult with each other with regard to all press releases and
other announcements concerning this Agreement or the transaction contemplated
hereby and, except as may be required by applicable laws or regulations of any
governmental agency, neither Buyer nor Seller shall issue any such press release
or make any other announcement without the prior written consent of the other
party.

    

    10.06         Generality of
Provisions.  The specificity of any representation, warranty,
covenant, agreement or indemnity included or provided in this Agreement, or in
any exhibit, document, certificate or other instrument delivered pursuant
hereto, shall in no way limit the generality of any other representation,
warranty, covenant, agreement or indemnity included or provided in this
Agreement, or in any exhibit, document, certificate or other instrument
delivered pursuant hereto.

    

    10.07.        Headings.  The
headings of the articles and sections of this Agreement are for guidance and
convenience of reference only and shall not limit or otherwise affect any of the
terms or provisions of this Agreement.

    

    10.08         Counterparts.  This
Agreement may be executed by Buyer and Seller in any number of
counterparts.  Each of the counterparts shall be deemed an original
instrument, but all of which together shall constitute but one and the same
instrument.

    

    10.09         References.  References
made in this Agreement, including use of a pronoun, shall be deemed to include
where applicable, masculine, feminine, singular or plural, individuals,
partnerships or corporations.  As used in this Agreement, “person”
shall mean any natural person, corporation, partnership, trust, estate or other
entity.  As used in this Agreement, “affiliate” of a person shall mean
any partnership, joint venture, corporation or other entity in which such person
has an interest or which controls, is controlled by or is under common control
of such person.

    

    10.10         Governing
Law.  This Agreement, and the transactions contemplated hereby,
shall be construed in accordance with, and governed by, the laws of the State of
Texas without regard to its conflict of laws principles, and venue shall be in
Dallas County, Texas.

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

       

    

    10.11         Entire
Agreement.  This Agreement (including the exhibits hereto)
constitutes the entire understanding between the parties with respect to the
subject matter hereof and supersedes all negotiations, prior discussions and
prior agreements and understandings relating to such subject
matter.  No material representation, warranty, covenant, agreement,
promise, inducement or statement, whether oral or written, has been made by
Seller or Buyer and relied upon by the other that is not set forth in this
Agreement or in the instruments referred to herein, and neither Seller nor Buyer
shall be bound by or liable for any alleged representation, warranty, covenant,
agreement, promise, inducement or statement not so set forth.

    

    10.12         Severability.  If
any term or provision of this Agreement shall be determined to be illegal or
unenforceable, all other terms and provisions of this Agreement shall
nevertheless remain effective and shall be enforced to the fullest extent
permitted by applicable law.

    

    10.13         Parties in
Interest.  This Agreement shall be binding upon, and shall
inure to the benefit of, the parties hereto and their respective successors and
assigns.  Nothing contained in this Agreement, express or implied, is
intended to confer upon any other person or entity any benefits, rights or
remedies.

    

    

    SIGNATURE
PAGE FOLLOWS

    

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    

    IN WITNESS WHEREOF, the parties have
caused this Agreement to be executed by their duly authorized representatives as
of the first date above written.

    

     

    
      	 	

              RCWI,
      L.P.

              By:           RCWI,
      GP, LLC

              
 

              /s/
      Michael J.
      Mauceli                                     
      

              By:
      Michael J. Mauceli, Manager

              

              

              

              REEF
      OIL & GAS INCOME AND DEVELOPMENT FUND III, L.P.

              By:          Reef
      Oil & Gas Partners, L.P.,

              its
      General Partner

              

              By:          Reef
      Oil & Gas Partners, GP, LLC,

              its
      General Partner

              

              

              /s/
      Michael J.
      Mauceli                                    
      

              By:
      Michael J. Mauceli, Manager

            

    

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
A

     

    The
Properties

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

      
        EXHIBIT
A

      

       

      
        Attached
to and part of that certain Purchase and Sale Agreement by and
between

      

      RCWI,
L.P., Seller, and , Reef Oil & Gas Income and Development Fund III,
L.P.Buyer, dated January 19, 2010.

       

      
        
          	
                  Case
      Name

                	
                  FIELD

                	
                  Operator

                	
                  COUNTY

                	
                  STATE

                	
                  WI
      %

                	
                  RI
      %

                
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                  THUMS
      LONG BEACH UNIT

                	
                  WILMINGTON

                	
                  THUMS
      LONG BEACH COMPANY

                	
                  LOS
      ANGELES

                	
                  CA

                	
                  0.186580

                	
                  0.186580

                
	
                  NONION
      STRUMA SAND UNIT - 1

                	
                  IOTA

                	
                  HEADINGTON
      OIL COMPANY LIMITED

                	
                  ACADIA

                	
                  LA

                	
                  3.297923

                	
                  2.665318

                
	
                  CL
      & F #1 (R4C RC SUA) - 1

                	
                  BAYOU
      PENCHANT

                	
                  CHAPARRAL
      ENERGY INC

                	
                  TERREBONNE

                	
                  LA

                	
                  6.013680

                	
                  4.179700

                
	
                  WEST
      DOLLARHIDE DEVONIAN UNIT

                	
                  DOLLARHIDE

                	
                  OXY
      USA INC.

                	
                  LEA

                	
                  NM

                	
                  4.177660

                	
                  3.629120

                
	
                  TIGER
      495 #1

                	
                  WASSON

                	
                  GUNGOLL
      CARL E EXPLORATION LLC

                	
                  GAINES

                	
                  TX

                	
                  3.000000

                	
                  2.160000

                
	
                  GRISSOM
      SEC 2  #2-2

                	
                  MAVERICK

                	
                  ZEPHYR
      OPERATING LLC

                	
                  WHEELER

                	
                  TX

                	
                  8.000000

                	
                  6.240000

                
	
                  DOBSON
      SEC 1 #4-1

                	
                  MAVERICK

                	
                  ZEPHYR
      OPERATING LLC

                	
                  WHEELER

                	
                  TX

                	
                  8.000000

                	
                  6.023625

                
	
                  LSU
      #2  & SL 5024 #2 (MPT MV RA SU) - 002D

                	
                  MANCHAC
      POINT

                	
                  HILCORP
      ENERGY CO INC

                	
                  E
      BTN RG

                	
                  LA

                	
                  4.180760

                	
                  3.085630

                
	
                  EDEN
      1-5H

                	
                  Colony
      Wash

                	
                  CHESAPEAKE
      OPERATING INC.

                	
                  HEMPHILL

                	
                  TX

                	
                  1.209680

                	
                  0.946450

                
	
                  DUVAL
      COUNTY RANCH -J- - MULTI

                	
                  DEJAY

                	
                  KARPER
      OIL & GAS CORPORATION

                	
                  DUVAL

                	
                  TX

                	
                  6.964286

                	
                  6.093756

                
	
                  WIGINTON
      2-5H

                	
                  ALEDO
      SOUTHWEST

                	
                  DUNCAN
      OIL PROPERTIES, INC.

                	
                  CUSTER

                	
                  OK

                	
                  2.428570

                	
                  1.821430

                
	
                  ARMSTRONG
      #20-10

                	
                  ZEPHYR-STILES
      RANCH

                	
                  ZEPHYR
      OPERATING LLC

                	
                  WHEELER

                	
                  TX

                	
                  7.100000

                	
                  5.325000

                
	
                  RED
      HILLS UNIT #2 - 2

                	
                  LUSK

                	
                  CIMAREX
      ENERGY CO

                	
                  LEA

                	
                  NM

                	
                  1.445820

                	
                  1.244640

                
	
                  MEADOWS
      4-01 - 1

                	
                  BUFFALO
      WALLOW

                	
                  ELAND
      ENERGY

                	
                  HEMPHILL

                	
                  TX

                	
                  3.000000

                	
                  2.287500

                
	
                  CENTRAL
      DRINKARD UNIT

                	
                  DRINKARD

                	
                  CHEVRONTEXACO

                	
                  LEA

                	
                  NM

                	
                  0.559240

                	
                  0.471480

                
	
                  MORRISON
      #1 - 1

                	
                  AMROW
      NORTH

                	
                  TEXLAND
      PETROLEUM LP

                	
                  GAINES

                	
                  TX

                	
                  8.104690

                	
                  6.269830

                
	
                  J B
      TUBB B LEASE

                	
                  SAND
      HILLS

                	
                  APACHE
      CORP

                	
                  CRANE

                	
                  TX

                	
                  0.909180

                	
                  0.795510

                
	
                  JOHNSON
      40 1 - 1

                	
                  SLASH
      RANCH

                	
                  FOREST
      OIL CORPORATION

                	
                  LOVING

                	
                  TX

                	
                  1.609040

                	
                  1.327700

                
	
                  DOBSON
      SEC 1 #3-1

                	
                  MAVERICK

                	
                  ZEPHYR
      OPERATING LLC

                	
                  WHEELER

                	
                  TX

                	
                  5.242970

                	
                  4.089520

                
	
                  MCKNIGHT,
      MB A&F LEASE

                	
                  SAND
      HILLS

                	
                  BURNETT
      OIL CO INC

                	
                  CRANE

                	
                  TX

                	
                  2.309010

                	
                  1.731770

                
	
                  ARMSTRONG
      #09

                	
                  ZEPHYR-STILES
      RANCH

                	
                  ZEPHYR
      OPERATING LLC

                	
                  WHEELER

                	
                  TX

                	
                  2.474240

                	
                  1.856000

                
	
                  HIGGINS
      TRUST INC - 1

                	
                  LOVINGTON

                	
                  PECOS
      OPERATING COMPANY

                	
                  LEA

                	
                  NM

                	
                  2.348500

                	
                  1.761980

                
	
                  WILEY
      GLENNBURN UNIT

                	
                  WILEY

                	
                  ENCORE
      OPERATING, LP

                	
                  BOTTINEAU

                	
                  ND

                	
                  0.638380

                	
                  0.000000

                
	
                  WEDMAN
      #1-4

                	
                  MUSTANG
      & YUKON

                	
                  PREMIER
      ENERGY LLC

                	
                  CANADIAN

                	
                  OK

                	
                  5.375000

                	
                  3.970160

                
	
                  BUCKTHAL
      #2-25 - 225

                	
                  BUCKTHAL-HELTON

                	
                  FOREST
      OIL CORPORATION

                	
                  HEMPHILL

                	
                  TX

                	
                  2.062500

                	
                  1.553750

                
	
                  KEYSTONE
      #1-13 KEYS - 1

                	
                  SPELUNKER
      & WALSH

                	
                  ENERGY
      ALLIANCE CO INCOR

                	
                  BACA

                	
                  CO

                	
                  6.658260

                	
                  5.343940

                
	
                  CHARLES
      1-24 (Skinner)

                	
                  MUSTANG
      & YUKON

                	
                  PREMIER
      ENERGY LLC

                	
                  KINGFISHER

                	
                  OK

                	
                  4.411760

                	
                  3.441180

                
	
                  LINDHOLM
      GAS UNIT 1 - 1

                	
                  HOSTETTER

                	
                  CABOT
      OIL & GAS CORP

                	
                  MCMULLEN

                	
                  TX

                	
                  6.296720

                	
                  4.729200

                
	
                  HILL
      P.C. -D- - 8

                	
                  QUITO

                	
                  SEABOARD
      OIL COMPANY

                	
                  WARD

                	
                  TX

                	
                  0.000001

                	
                  0.511720

                
	
                  MCKNIGHT,
      MB C LEASE

                	
                  SAND
      HILLS

                	
                  BURNETT
      OIL CO INC

                	
                  CRANE

                	
                  TX

                	
                  2.309010

                	
                  1.731770

                

        

         

        
          
            
            

          

          
            Page 1 of
12

            
              

            

          

          
            
            

          

           

        

        
          	

                  Case
      Name

                	

                  FIELD

                	

                  Operator

                	

                  COUNTY

                	

                  STATE

                	

                  WI
      %

                	

                  RI
      %

                
	
                  SMITH
      #8 - 8

                	
                  CADDO

                	
                  O'NEAL
      DRILLING INC

                	
                  CARTER

                	
                  OK

                	
                  2.500000

                	
                  1.875000

                
	
                  FRANCES
      SEC 9 #9-1 - 1

                	
                  MAVERICK

                	
                  ZEPHYR
      OPERATING LLC

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  5.302180

                	
                  4.203530

                
	
                  CLARK
      #1-3 - 1-3

                	
                  Zephyr-Winter

                	
                  ZEPHYR
      OPERATING LLC

                	
                  BLAINE

                	
                  OK

                	
                  2.625000

                	
                  2.100000

                
	
                  STATE
      AM LEASE 1, 2, & 3 - 3

                	
                  CAPRITO

                	
                  CHEVRONTEXACO

                	
                  WARD

                	
                  TX

                	
                  4.062500

                	
                  3.385420

                
	
                  HEFLEY
      4-2 - 2

                	
                  BUFFALO
      WALLOW

                	
                  ELAND
      ENERGY

                	
                  HEMPHILL

                	
                  TX

                	
                  3.000000

                	
                  2.325000

                
	
                  BREEDLOVE
      B-DEVONIAN MANY (1-24)

                	
                  BREEDLOVE

                	
                  ROFF
      OPERATING COMPANY

                	
                  MARTIN

                	
                  TX

                	
                  0.229490

                	
                  0.195810

                
	
                  ARMSTRONG
      #05 - 5

                	
                  ZEPHYR-STILES
      RANCH

                	
                  ZEPHYR
      OPERATING LLC

                	
                  WHEELER

                	
                  TX

                	
                  2.474240

                	
                  1.837910

                
	
                  JENNINGS
      A FEDERAL #4 - 4

                	
                  LUSK

                	
                  HENDRIX
      JOHN H CORPORATION

                	
                  LEA

                	
                  NM

                	
                  4.678570

                	
                  3.906610

                
	
                  BREEDLOVE
      B-43

                	
                  BREEDLOVE

                	
                  ROFF
      OPERATING COMPANY

                	
                  MARTIN

                	
                  TX

                	
                  0.229490

                	
                  0.195810

                
	
                  MCKNIGHT,
      MB LEASE

                	
                  SAND
      HILLS

                	
                  BURNETT
      OIL CO INC

                	
                  CRANE

                	
                  TX

                	
                  2.309010

                	
                  1.876080

                
	
                  WEDMAN
      #1-3 - 1-3

                	
                  MUSTANG
      & YUKON

                	
                  PREMIER
      ENERGY LLC

                	
                  CANADIAN

                	
                  OK

                	
                  5.375000

                	
                  3.970160

                
	
                  7502
      JV-S R.O.C. #1 U - 1U

                	
                  R.O.C

                	
                  BTA
      OIL PRODUCERS

                	
                  WARD

                	
                  TX

                	
                  3.812270

                	
                  3.812260

                
	
                  HOOPLE
      (CLEAR FORK) UNIT W 13 - W 13

                	
                  HOOPLE

                	
                  GUNGOLL
      CARL E EXPLORATION LLC

                	
                  CROSBY

                	
                  TX

                	
                  1.417690

                	
                  1.085380

                
	
                  FLATHEAD
      27-1 - 271

                	
                  WALKER-CARTER

                	
                  KEITH
      F WALKER

                	
                  CARTER

                	
                  OK

                	
                  1.250000

                	
                  0.923400

                
	
                  RIESLING
      1 - 1

                	
                  VINTAGE

                	
                  TELLUS
      OPERATING GROUP LLC

                	
                  JEFFERSON
      DAVIS

                	
                  MS

                	
                  0.241150

                	
                  0.184780

                
	
                  COMSTOCK
      #9-2

                	
                  WALKER-FANGTASTIC

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  1.562500

                	
                  1.175220

                
	
                  VARIOUS
      LEASES

                	
                  PHYLLIS
      SONORA

                	
                  BYRD
      OPERATING CO

                	
                  SUTTON

                	
                  TX

                	
                  2.276000

                	
                  1.834650

                
	
                  STRONG
      FED COM #1-E - 1

                	
                  WHITE
      CITY

                	
                  MURCHISON
      OIL & GAS INCORPORAT

                	
                  EDDY

                	
                  NM

                	
                  4.904790

                	
                  4.291690

                
	
                  CLEVELAND
      2-84

                	
                  ZEPHYR-TIMBER
      CREEK

                	
                  ZEPHYR
      OPERATING LLC

                	
                  HEMPHILL

                	
                  TX

                	
                  4.200000

                	
                  4.987010

                
	
                  WOODS,
      IMA 1 - 1

                	
                  KEY
      (MORROW, UP.)

                	
                  ZEPHYR
      OPERATING LLC

                	
                  Wheeler

                	
                  TX

                	
                  2.250000

                	
                  1.750000

                
	
                  STRONG
      FED COM #1 - 1

                	
                  WHITE
      CITY

                	
                  MURCHISON
      OIL & GAS INCORPORAT

                	
                  EDDY

                	
                  NM

                	
                  3.828130

                	
                  3.349610

                
	
                  SCHLOSSER
      FRED ESTATE -B- - 13

                	
                  ROJO
      CABALLOS

                	
                  APACHE
      CORP

                	
                  PECOS

                	
                  TX

                	
                  1.373600

                	
                  1.071120

                
	
                  MEADOWS
      4-02 - 2

                	
                  BUFFALO
      WALLOW

                	
                  ELAND
      ENERGY

                	
                  HEMPHILL

                	
                  TX

                	
                  2.550000

                	
                  2.015630

                
	
                  HENSLEY
      MORRIS SEC 9 #9-1 - 9-1

                	
                  MAVERICK

                	
                  CROWN
      ENERGY COMPANY

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  5.935330

                	
                  4.629330

                
	
                  JOHNSON
      #1 - 1

                	
                  CHEROKITA
      TREND

                	
                  DAVON
      DRILLING CO

                	
                  GRANT

                	
                  OK

                	
                  7.812500

                	
                  6.825770

                
	
                  BUCKTHAL
      #1-25 - 1025

                	
                  BUCKTHAL-HELTON

                	
                  FOREST
      OIL CORPORATION

                	
                  HEMPHILL

                	
                  TX

                	
                  2.062500

                	
                  1.553750

                
	
                  MEADOWS
      4-08 - 8

                	
                  BUFFALO
      WALLOW

                	
                  ELAND
      ENERGY

                	
                  HEMPHILL

                	
                  TX

                	
                  2.968250

                	
                  2.337100

                
	
                  MCKNIGHT,
      MB D-1 - MULTI

                	
                  SAND
      HILLS

                	
                  BURNETT
      OIL CO INC

                	
                  CRANE

                	
                  TX

                	
                  2.309010

                	
                  1.912170

                
	
                  TIGER
      493 #1

                	
                  WASSON

                	
                  GUNGOLL
      CARL E EXPLORATION LLC

                	
                  GAINES

                	
                  TX

                	
                  3.000000

                	
                  2.160000

                
	
                  SL
      5021 #2; MARG H STRAY RA SUA - 002

                	
                  MANCHAC
      POINT

                	
                  HILCORP
      ENERGY CO INC

                	
                  E
      BTN RG

                	
                  LA

                	
                  4.375000

                	
                  3.046340

                
	
                  POSSUM
      9-1

                	
                  WALKER-POSSUM
      SHOAL

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  3.750000

                	
                  2.812500

                
	
                  COLE
      TRUST A #1 - 1

                	
                  NEWARK
      EAST

                	
                  ENCANA
      OIL & GAS (USA) INC.

                	
                  DENTON

                	
                  TX

                	
                  4.156250

                	
                  2.784690

                
	
                  DERBY
      1-4H

                	
                  COLONY
      WASH

                	
                  CHESAPEAKE
      OPERATING INC.

                	
                  WASHITA

                	
                  OK

                	
                  0.289620

                	
                  0.217210

                
	
                  UNIVERSITY
      18-29 #2, 3, 5, 7

                	
                  WAR-WINK,
      S

                	
                  ANADARKO
      PETROLEUM CORPORATION

                	
                  WARD

                	
                  TX

                	
                  0.519670

                	
                  0.443540

                
	
                  SAYRE
      RANCH SEC 5 #4-5 - 1

                	
                  MAVERICK

                	
                  CROWN
      ENERGY COMPANY

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  7.083910

                	
                  5.314400

                

        

         

        
          
            
            

          

          
            Page 2 of
12

            
              

            

          

          
            
            

          

           

        

        
          	

                  Case
      Name

                	

                  FIELD

                	

                  Operator

                	

                  COUNTY

                	

                  STATE

                	

                  WI
      %

                	

                  RI
      %

                
	
                  ARMSTRONG
      #04 - 4020

                	
                  ZEPHYR-STILES
      RANCH

                	
                  ZEPHYR
      OPERATING LLC

                	
                  WHEELER

                	
                  TX

                	
                  3.493380

                	
                  2.651910

                
	
                  EAST
      PACHUTA CREEK OIL UN

                	
                  PACHUTA
      CREEK EAST

                	
                  BERGMAN
      COMPANIES

                	
                  CLARKE

                	
                  MS

                	
                  0.318570

                	
                  0.262940

                
	
                  STINGER
      41-12 #1 - 41-12

                	
                  BLUE
      MOUNTAIN

                	
                  ABRAXAS
      PETROLEUM CORPORATION

                	
                  WIBAUX

                	
                  MT

                	
                  3.241880

                	
                  2.588740

                
	
                  MAHOTA
      #1-26 - 26-1

                	
                  CHEROKEE

                	
                  B&W
      OPERATING LLC

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  2.500000

                	
                  1.875000

                
	
                  FOWLER
      #2 - 003AL

                	
                  MIDDLEFORK

                	
                  F W
      RABALAIS

                	
                  LINCOLN

                	
                  LA

                	
                  1.593750

                	
                  1.195310

                
	
                  GL
      GAUDET ET AL 3 - 3

                	
                  HESTER

                	
                  KEY
      ENERGY OF CO INC

                	
                  ST
      JAMES

                	
                  LA

                	
                  0.727000

                	
                  0.551240

                
	
                  SEVENTY-SIX
      RANCH 1 1R

                	
                  WALKER-CHESTERFIELD

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  3.750000

                	
                  2.812500

                
	
                  ALEXANDER
      #2-2

                	
                  ZEPHYR-WASHITA
      CREEK Granite Wash

                	
                  ZEPHYR
      OPERATING LLC

                	
                  HEMPHILL

                	
                  TX

                	
                  1.500000

                	
                  1.218390

                
	
                  WILLIAM
      TAYLOR 29 #3 H - 1

                	
                  WALKER-CLEVELAND

                	
                  KEITH
      F WALKER

                	
                  ELLIS

                	
                  OK

                	
                  1.234380

                	
                  0.896140

                
	
                  FERRELL
      A-14 - 14A

                	
                  RAMIRENA

                	
                  MOSBACHER
      ENERGY COMPANY

                	
                  LIVE
      OAK

                	
                  TX

                	
                  3.694450

                	
                  2.828560

                
	
                  LEWIS
      2U - 1

                	
                  RUSTON

                	
                  DEVON
      ENERGY PRODUCTION CO.

                	
                  LINCOLN

                	
                  LA

                	
                  0.621950

                	
                  0.544430

                
	
                  DELLA
      COLVIN 1-18 - 1

                	
                  RUSTON

                	
                  DEVON
      ENERGY PRODUCTION CO.

                	
                  LINCOLN

                	
                  LA

                	
                  0.855280

                	
                  0.748360

                
	
                  WEATHERBY
      IVY B 3 - 3

                	
                  ROJO
      CABALLOS

                	
                  CHEVRONTEXACO

                	
                  PECOS

                	
                  TX

                	
                  0.409380

                	
                  0.332620

                
	
                  MARILYN
      1-5 - 1-5

                	
                  KELTON
      EAST

                	
                  APACHE
      CORP

                	
                  WHEELER

                	
                  TX

                	
                  0.524900

                	
                  0.407470

                
	
                  BALLOU
      #1-30 - 1-30

                	
                  DEMPSEY

                	
                  B&W
      OPERATING LLC

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  3.856800

                	
                  2.875240

                
	
                  SANDER
      #1 - 1-11

                	
                  ZEPHYR-MAGNESS

                	
                  ZEPHYR
      OPERATING LLC

                	
                  MAJOR

                	
                  OK

                	
                  4.250000

                	
                  3.315000

                
	
                  HEFLEY
      4-5 - 5

                	
                  BUFFALO
      WALLOW

                	
                  ELAND
      ENERGY

                	
                  HEMPHILL

                	
                  TX

                	
                  3.000000

                	
                  2.325000

                
	
                  HEFLEY
      4-3 - 3

                	
                  BUFFALO
      WALLOW

                	
                  ELAND
      ENERGY

                	
                  HEMPHILL

                	
                  TX

                	
                  3.000000

                	
                  2.325000

                
	
                  DOBSON
      RANCH SEC 2 #1-2

                	
                  MAVERICK

                	
                  ZEPHYR
      OPERATING LLC

                	
                  WHEELER

                	
                  TX

                	
                  6.014060

                	
                  4.690960

                
	
                  LOUISIANA
      FURS #5 DISC - 005

                	
                  ESTHER
      SW

                	
                  MOSBACHER
      ENERGY COMPANY

                	
                  VERMILION

                	
                  LA

                	
                  3.815440

                	
                  2.887550

                
	
                  ARMSTRONG
      #02 - 2020

                	
                  ZEPHYR-STILES
      RANCH

                	
                  ZEPHYR
      OPERATING LLC

                	
                  WHEELER

                	
                  TX

                	
                  2.695510

                	
                  2.158330

                
	
                  JUANITA
      EMMETT #1-1 - 1-1

                	
                  DEMPSEY

                	
                  SOUTHERN
      BAY OPERATING, LLC

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  1.250000

                	
                  0.968750

                
	
                  HAJEK
      #2-17

                	
                  WATONGA
      WEST

                	
                  CONTINENTAL
      RESOURCES INC

                	
                  BLAINE

                	
                  OK

                	
                  1.250000

                	
                  1.000000

                
	
                  CURTNER,
      S H, -A- 1 - 1

                	
                  SMR
      AREA

                	
                  SABRE
      OPERATING INCORPORATED

                	
                  WISE

                	
                  TX

                	
                  4.375000

                	
                  3.708500

                
	
                  DOBSON
      SEC 1 #2-1 - 201

                	
                  MAVERICK

                	
                  ZEPHYR
      OPERATING LLC

                	
                  WHEELER

                	
                  TX

                	
                  9.401980

                	
                  7.213980

                
	
                  WAYNICK
      A-1

                	
                  NEWARK
      EAST

                	
                  THE
      CUMMINGS CO, INC.

                	
                  ERATH

                	
                  TX

                	
                  6.250000

                	
                  4.687500

                
	
                  WAYNICK
      1

                	
                  NEWARK
      EAST

                	
                  THE
      CUMMINGS CO, INC.

                	
                  ERATH

                	
                  TX

                	
                  6.250000

                	
                  4.687500

                
	
                  REDSTONE
      2-18 - 2-18

                	
                  SPELUNKER
      & WALSH

                	
                  ENERGY
      ALLIANCE CO INCOR

                	
                  BACA

                	
                  CO

                	
                  4.166410

                	
                  3.333110

                
	
                  MEADOWS
      4-05 - 5

                	
                  BUFFALO
      WALLOW

                	
                  ELAND
      ENERGY

                	
                  HEMPHILL

                	
                  TX

                	
                  2.550000

                	
                  2.002500

                
	
                  ARMSTRONG
      #03 - 3020

                	
                  ZEPHYR-STILES
      RANCH

                	
                  ZEPHYR
      OPERATING LLC

                	
                  WHEELER

                	
                  TX

                	
                  2.938380

                	
                  2.305310

                
	
                  STRONG
      FED COM #3 - 3

                	
                  WHITE
      CITY

                	
                  MURCHISON
      OIL & GAS INCORPORAT

                	
                  EDDY

                	
                  NM

                	
                  4.912280

                	
                  4.252190

                
	
                  WILLIAM
      29 #4 H - 29-4H

                	
                  WALKER-CLEVELAND

                	
                  KEITH
      F WALKER

                	
                  ELLIS

                	
                  OK

                	
                  1.234380

                	
                  0.896140

                
	
                  COLE
      TRUST A #2 - 2

                	
                  NEWARK
      EAST

                	
                  ENCANA
      OIL & GAS (USA) INC.

                	
                  DENTON

                	
                  TX

                	
                  4.156250

                	
                  2.784690

                
	
                  SALLIE
      505

                	
                  KELTON
      EAST

                	
                  SANGUINE
      GAS EXPLORATION

                	
                  WHEELER

                	
                  TX

                	
                  0.524900

                	
                  0.377930

                
	
                  REED,
      DM #5 - 5

                	
                  CABEZA
      CREEK

                	
                  MOSBACHER
      ENERGY COMPANY

                	
                  GOLIAD

                	
                  TX

                	
                  2.500000

                	
                  1.812500

                

        

         

        
          
            
            

          

          
            Page 3 of
12

            
              

            

          

          
            
            

          

        

         

        
          	

                  Case
      Name

                	

                  FIELD

                	

                  Operator

                	

                  COUNTY

                	

                  STATE

                	

                  WI
      %

                	

                  RI
      %

                
	
                  SIMPSON
      27-2 - 27-2

                	
                  NETA-MINNELUSA

                	
                  RESOLUTE
      WYOMING

                	
                  Campbell

                	
                  WY

                	
                  1.010420

                	
                  0.833600

                
	
                  COLE
      TRUST A #3 - 3

                	
                  NEWARK
      EAST

                	
                  ENCANA
      OIL & GAS (USA) INC.

                	
                  DENTON

                	
                  TX

                	
                  4.156250

                	
                  2.784690

                
	
                  DELLA
      COLVIN 3-18 - 3

                	
                  RUSTON

                	
                  DEVON
      ENERGY PRODUCTION CO.

                	
                  LINCOLN

                	
                  LA

                	
                  0.855280

                	
                  0.748360

                
	
                  DULIN
      #1-27 - 1-27

                	
                  RANKEN-KIM

                	
                  RANKEN
      ENERGY CORPORATION

                	
                  MCCLAIN

                	
                  OK

                	
                  2.000000

                	
                  1.560000

                
	
                  HINK
      106

                	
                  KELTON
      EAST

                	
                  SANGUINE
      GAS EXPLORATION

                	
                  WHEELER

                	
                  TX

                	
                  0.524900

                	
                  0.377930

                
	
                  VIRGINIA
      CITY #17-1 - 1-17

                	
                  WALKER-FANGTASTIC

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  1.562500

                	
                  1.084820

                
	
                  LONG
      #1-1 - 1-1

                	
                  BOKOSHE
      S

                	
                  SOUTHERN
      BAY OPERATING, LLC

                	
                  LEFLORE

                	
                  OK

                	
                  1.294270

                	
                  0.970700

                
	
                  SL
      5021 #3 MPT CIB3 HAZ 3 - 3

                	
                  MANCHAC
      POINT

                	
                  HILCORP
      ENERGY CO INC

                	
                  E
      BTN RG

                	
                  LA

                	
                  4.375000

                	
                  3.181260

                
	
                  BASS
      3-59 - 3-59

                	
                  KELTON
      EAST

                	
                  APACHE
      CORP

                	
                  WHEELER

                	
                  TX

                	
                  0.374000

                	
                  0.291330

                
	
                  CAMPBELL
      #2H - 2H

                	
                  NEWARK
      EAST

                	
                  HARDING
      COMPANY

                	
                  PARKER

                	
                  TX

                	
                  1.250000

                	
                  0.937500

                
	
                  DOBSON
      SEC 4 #1-4

                	
                  MAVERICK

                	
                  ZEPHYR
      OPERATING LLC

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  8.875000

                	
                  6.922500

                
	
                  BURGUNDY
      1 - 1

                	
                  VINTAGE

                	
                  TELLUS
      OPERATING GROUP LLC

                	
                  JEFFERSON
      DAVIS

                	
                  MS

                	
                  0.241150

                	
                  0.184780

                
	
                  Hatfield
      1-6R

                	
                  WALKER-FANGTASTIC

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  1.562500

                	
                  1.175220

                
	
                  WALSER
      206 - 1-5

                	
                  KELTON
      EAST

                	
                  SANGUINE
      GAS EXPLORATION

                	
                  WHEELER

                	
                  TX

                	
                  0.524900

                	
                  0.410730

                
	
                  ARMSTRONG
      #06 - 6020

                	
                  ZEPHYR-STILES
      RANCH

                	
                  ZEPHYR
      OPERATING LLC

                	
                  WHEELER

                	
                  TX

                	
                  1.971740

                	
                  1.464640

                
	
                  LODE
      16-2 - 16-2

                	
                  WALKER-FANGTASTIC

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  1.562500

                	
                  1.175220

                
	
                  LINNIA  J
      1-18 - 1-18

                	
                  ZEPHYR-CHAIN
      RANCH

                	
                  ZEPHYR
      OPERATING LLC

                	
                  DEWEY

                	
                  OK

                	
                  4.175320

                	
                  3.296750

                
	
                  BREEDLOVE
      B-26

                	
                  BREEDLOVE

                	
                  ROFF
      OPERATING COMPANY

                	
                  MARTIN

                	
                  TX

                	
                  0.229490

                	
                  0.195810

                
	
                  TRIGGER
      #1-35 - 1-35

                	
                  WATONGA
      WEST

                	
                  CONTINENTAL
      RESOURCES INC

                	
                  BLAINE

                	
                  OK

                	
                  2.256590

                	
                  1.805270

                
	
                  SUSAN
      LATHAM #1

                	
                  NEWARK
      EAST

                	
                  THE
      CUMMINGS CO, INC.

                	
                  ERATH

                	
                  TX

                	
                  3.750000

                	
                  2.812500

                
	
                  INDIANOLA
      #5

                	
                  NEWARK
      EAST

                	
                  THE
      CUMMINGS CO, INC.

                	
                  ERATH

                	
                  TX

                	
                  3.750000

                	
                  2.812500

                
	
                  INDIANOLA
      #6

                	
                  NEWARK
      EAST

                	
                  THE
      CUMMINGS CO, INC.

                	
                  ERATH

                	
                  TX

                	
                  3.750000

                	
                  2.812500

                
	
                  BIG
      CHIEF #8

                	
                  BIG
      CHIEF

                	
                  DINERO
      OPERATING CO

                	
                  EDDY

                	
                  NM

                	
                  1.042980

                	
                  0.782240

                
	
                  SHOOK
      #A-5 - 5

                	
                  BREEDLOVE

                	
                  ROFF
      OPERATING COMPANY

                	
                  MARTIN

                	
                  TX

                	
                  0.248820

                	
                  0.212080

                
	
                  HEFLEY
      4-7 - 7

                	
                  BUFFALO
      WALLOW

                	
                  ELAND
      ENERGY

                	
                  HEMPHILL

                	
                  TX

                	
                  3.000000

                	
                  2.325000

                
	
                  COWAN
      #2-2

                	
                  WATONGA
      WEST

                	
                  ZEPHYR
      OPERATING LLC

                	
                  BLAINE

                	
                  OK

                	
                  2.588580

                	
                  1.941160

                
	
                  GATLIN
      3-01 - 1

                	
                  BUFFALO
      WALLOW

                	
                  ELAND
      ENERGY

                	
                  HEMPHILL

                	
                  TX

                	
                  2.773630

                	
                  2.311080

                
	
                  UNIVERSITY
      18-29 #6, 8, 10 - 10

                	
                  QUITO

                	
                  ANADARKO
      PETROLEUM CORPORATION

                	
                  WARD

                	
                  TX

                	
                  0.519670

                	
                  0.454710

                
	
                  PLAINS
      UNIT FEDERAL #2 - 2

                	
                  LUSK

                	
                  CIMAREX
      ENERGY CO

                	
                  LEA

                	
                  NM

                	
                  0.000001

                	
                  0.584820

                
	
                  DREAM
      6-1

                	
                  WALKER-DREAMWEAVER

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  1.562500

                	
                  1.175220

                
	
                  JENNINGS
      FEDERAL COMM #1 - 1

                	
                  LUSK

                	
                  RAYA
      ENERGY CORP.

                	
                  LEA

                	
                  NM

                	
                  2.339290

                	
                  1.953310

                
	
                  WEDMAN
      #2-1

                	
                  MUSTANG
      & YUKON

                	
                  PREMIER
      ENERGY LLC

                	
                  CANADIAN

                	
                  OK

                	
                  5.375000

                	
                  4.079160

                
	
                  TUCKER
      1-9 35-129-23317 1-9 - 1-9

                	
                  MAVERICK

                	
                  MAVERICK-ZEPPHYR
      OPERATING

                	
                  Roger
      Mills

                	
                  OK

                	
                  7.142000

                	
                  5.625000

                
	
                  BRADFORD
      #1-28A

                	
                  WATONGA
      WEST

                	
                  CONTINENTAL
      RESOURCES INC

                	
                  BLAINE

                	
                  OK

                	
                  1.220410

                	
                  0.915380

                
	
                  ENTZ
      #1 - 1-20

                	
                  ENTZ

                	
                  BLAKE
      PRODUCTION COMPANY

                	
                  CADDO

                	
                  OK

                	
                  0.468750

                	
                  0.380860

                

        

         

        
          
            
            

          

          
            Page 4 of
12

            
              

            

          

          
            
            

          

           

        

        
          	

                  Case
      Name

                	

                  FIELD

                	

                  Operator

                	

                  COUNTY

                	

                  STATE

                	

                  WI
      %

                	

                  RI
      %

                
	
                  COOKSEY
      #17-15

                	
                  CHISMVILLE

                	
                  FOREST
      OIL CORPORATION

                	
                  LOGAN

                	
                  AR

                	
                  1.486030

                	
                  1.168480

                
	
                  SCHLOSSER,
      F ET AL 2 - 3

                	
                  ROJO
      CABALLOS

                	
                  CHEVRONTEXACO

                	
                  PECOS

                	
                  TX

                	
                  0.409380

                	
                  0.332620

                
	
                  CHIANTI
      1 - 1

                	
                  VINTAGE

                	
                  TELLUS
      OPERATING GROUP LLC

                	
                  JEFFERSON
      DAVIS

                	
                  MS

                	
                  0.129600

                	
                  0.102180

                
	
                  JENSEN
      #1-22 - 1-22

                	
                  EL
      RENO

                	
                  CHESAPEAKE
      OPERATING INC.

                	
                  CANADIAN

                	
                  OK

                	
                  1.864130

                	
                  1.398160

                
	
                  LORNE
      8-4

                	
                  WALKER-FANGTASTIC

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  1.562500

                	
                  1.175220

                
	
                  UMPHRESS,
      C. F. ET #1, 2, 3 - 4

                	
                  MER-MAX

                	
                  CIMAREX
      ENERGY CO

                	
                  HOWARD

                	
                  TX

                	
                  2.265630

                	
                  1.840820

                
	
                  BIG
      CHIEF #7 - 7

                	
                  BIG
      CHIEF

                	
                  DINERO
      OPERATING CO

                	
                  EDDY

                	
                  NM

                	
                  1.050000

                	
                  0.831150

                
	
                  ARMSTRONG
      #07 - 7020

                	
                  ZEPHYR-STILES
      RANCH

                	
                  ZEPHYR
      OPERATING LLC

                	
                  WHEELER

                	
                  TX

                	
                  2.474240

                	
                  1.837910

                
	
                  GODFREY
      1-19 - 1

                	
                  SPELUNKER
      & WALSH

                	
                  ENERGY
      ALLIANCE CO INCOR

                	
                  BACA

                	
                  CO

                	
                  4.279740

                	
                  3.423780

                
	
                  RYALS
      #1-33 - 1-33

                	
                  MORGANTOWN
      EAST

                	
                  GUNGOLL
      CARL E EXPLORATION LLC

                	
                  JEFFERSON
      DAVIS

                	
                  MS

                	
                  2.724610

                	
                  2.043460

                
	
                  MEADOWS
      89-01 - 1

                	
                  BUFFALO
      WALLOW

                	
                  ELAND
      ENERGY

                	
                  HEMPHILL

                	
                  TX

                	
                  2.407810

                	
                  1.866050

                
	
                  WEAVER
      29 1R

                	
                  WALKER-DREAMWEAVER

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  1.562500

                	
                  1.175220

                
	
                  ALEXANDER
      #2-1 - 1

                	
                  WASHITA
      CREEK

                	
                  B&W
      OPERATING LLC

                	
                  HEMPHILL

                	
                  TX

                	
                  1.500000

                	
                  1.218390

                
	
                  BASS-CALCOTE
      3-59 - 1-5

                	
                  KELTON
      EAST

                	
                  APACHE
      CORP

                	
                  WHEELER

                	
                  TX

                	
                  0.350020

                	
                  0.261910

                
	
                  DUNN
      A #3 H - 3H

                	
                  NEWARK
      EAST

                	
                  ENCANA
      OIL & GAS (USA) INC.

                	
                  DENTON

                	
                  TX

                	
                  5.829140

                	
                  4.371860

                
	
                  BENNETT
      #1-22 - 1-22

                	
                  EL
      RENO

                	
                  CHESAPEAKE
      OPERATING INC.

                	
                  CANADIAN

                	
                  OK

                	
                  1.875000

                	
                  1.406250

                
	
                  SALLIE
      4-5

                	
                  KELTON
      EAST

                	
                  APACHE
      CORP

                	
                  WHEELER

                	
                  TX

                	
                  0.524900

                	
                  0.410730

                
	
                  HEFLEY
      4-6 - 6

                	
                  BUFFALO
      WALLOW

                	
                  ELAND
      ENERGY

                	
                  HEMPHILL

                	
                  TX

                	
                  3.000000

                	
                  2.325000

                
	
                  BEN
      16 1R - 16-1R

                	
                  WALKER-FANGTASTIC

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  1.562500

                	
                  1.175220

                
	
                  KOLE
      #1 - 1-2

                	
                  ST
      ANNES

                	
                  SOUTHERN
      BAY OPERATING, LLC

                	
                  SEMINOLE

                	
                  OK

                	
                  1.770230

                	
                  1.327670

                
	
                  FERRELL,
      MRS. ISABEL R. A-08 - MULTI

                	
                  RAMIRENA

                	
                  MOSBACHER
      ENERGY COMPANY

                	
                  LIVE
      OAK

                	
                  TX

                	
                  3.694450

                	
                  2.828560

                
	
                  CLEVELAND
      1-84

                	
                  ZEPHYR-TIMBER
      CREEK

                	
                  ZEPHYR
      OPERATING LLC

                	
                  HEMPHILL

                	
                  TX

                	
                  4.200000

                	
                  3.360000

                
	
                  BEV
      ZAN #2 - 2

                	
                  CABEZA
      CREEK

                	
                  MOSBACHER
      ENERGY COMPANY

                	
                  GOLIAD

                	
                  TX

                	
                  2.500000

                	
                  1.812500

                
	
                  PATSY
      NELL #1 - 108

                	
                  ZEPHYR-LAKE
      GEORGE

                	
                  ZEPHYR
      OPERATING LLC

                	
                  HEMPHILL

                	
                  TX

                	
                  2.500000

                	
                  2.000000

                
	
                  RED
      MOON  #1-13 - 1-13

                	
                  REYDON

                	
                  THE
      GHK COMPANY

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  0.625000

                	
                  0.437500

                
	
                  AYCOCK
      M C 1, 5, 7 - 7

                	
                  HOOPLE

                	
                  GUNGOLL
      CARL E EXPLORATION LLC

                	
                  CROSBY

                	
                  TX

                	
                  1.471040

                	
                  1.174910

                
	
                  FLYING
      J 12-9 - 12-9

                	
                  DILL
      CITY

                	
                  CONOCOPHILLIPS

                	
                  WASHITA

                	
                  OK

                	
                  1.275000

                	
                  0.905250

                
	
                  AYCOCK
      D W A 2 - 2

                	
                  HOOPLE

                	
                  GUNGOLL
      CARL E EXPLORATION LLC

                	
                  CROSBY

                	
                  TX

                	
                  1.471040

                	
                  1.174890

                
	
                  RIVERBEND
      #1-27 - 1-27

                	
                  RANKEN-KIM

                	
                  RANKEN
      ENERGY CORPORATION

                	
                  GARVIN

                	
                  OK

                	
                  2.000000

                	
                  1.560000

                
	
                  LUCKY
      DOG 1, 2, 4 - 2

                	
                  QUITO

                	
                  TEXON
      OIL COMPANY, INC.

                	
                  Ward

                	
                  TX

                	
                  0.000001

                	
                  0.511720

                
	
                  CARTWRIGHT
      20-1

                	
                  WALKER-FANGTASTIC

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  1.562500

                	
                  1.175220

                
	
                  MICHAEL
      8-2

                	
                  WALKER-FANGTASTIC

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  1.562500

                	
                  1.175220

                
	
                  UNIVERSITY
      18-30 #2 - 2

                	
                  QUITO

                	
                  ANADARKO
      PETROLEUM CORPORATION

                	
                  WARD

                	
                  TX

                	
                  0.519670

                	
                  0.454710

                
	
                  EDWIN
      1-1 - 1-1

                	
                  MUSTANG
      & YUKON

                	
                  PREMIER
      ENERGY LLC

                	
                  CANADIAN

                	
                  OK

                	
                  4.735290

                	
                  3.551470

                
	
                  COOKSEY
      #12-15 - 12-15

                	
                  CHISMVILLE

                	
                  FOREST
      OIL CORPORATION

                	
                  LOGAN

                	
                  AR

                	
                  1.454790

                	
                  1.071250

                

        

         

        
          
            
            

          

          
            Page 5 of
12

            
              

            

          

          
            
            

          

        

         

        
          	

                  Case
      Name

                	

                  FIELD

                	

                  Operator

                	

                  COUNTY

                	

                  STATE

                	

                  WI
      %

                	

                  RI
      %

                
	
                  BROWN
      4-59

                	
                  KELTON
      EAST

                	
                  APACHE
      CORP

                	
                  WHEELER

                	
                  TX

                	
                  0.425000

                	
                  0.331060

                
	
                  UNIT
      25-4 1 - 1

                	
                  VINTAGE

                	
                  RANGE
      RESOURCES

                	
                  JEFFERSON
      DAVIS

                	
                  MS

                	
                  0.121190

                	
                  0.090650

                
	
                  SNELL,
      IRVIN 1 & 3E - MULTI

                	
                  BREEDLOVE

                	
                  ROFF
      OPERATING COMPANY

                	
                  MARTIN

                	
                  TX

                	
                  0.227060

                	
                  0.193680

                
	
                  FILLINGIM
      88-12 - 12

                	
                  BUFFALO
      WALLOW

                	
                  LINN
      OPERATING INC.

                	
                  HEMPHILL

                	
                  TX

                	
                  0.963410

                	
                  0.761090

                
	
                  SAYRE
      RANCH SEC 5 #3-5 - 1

                	
                  MAVERICK

                	
                  CROWN
      ENERGY COMPANY

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  7.089980

                	
                  5.319720

                
	
                  MCKINLEY
      2-20 - 2

                	
                  SPELUNKER
      & WALSH

                	
                  ENERGY
      ALLIANCE CO INCOR

                	
                  BACA

                	
                  CO

                	
                  4.039990

                	
                  3.231730

                
	
                  TURNBOW,
      E. L. 3 - MULTI

                	
                  BREEDLOVE

                	
                  ROFF
      OPERATING COMPANY

                	
                  MARTIN

                	
                  TX

                	
                  0.232810

                	
                  0.198710

                
	
                  GLEICHMAN
      #1

                	
                  HUNTON

                	
                  NEW
      DOMINION

                	
                  SEMINOLE

                	
                  OK

                	
                  0.000001

                	
                  0.715000

                
	
                  ROBINSON/FERRELL
      - 1

                	
                  RAMIRENA

                	
                  MOSBACHER
      ENERGY COMPANY

                	
                  LIVE
      OAK

                	
                  TX

                	
                  3.694460

                	
                  2.862500

                
	
                  FILLINGIM
      88-06 - 6

                	
                  BUFFALO
      WALLOW

                	
                  LINN
      OPERATING INC.

                	
                  HEMPHILL

                	
                  TX

                	
                  0.963410

                	
                  0.761090

                
	
                  GATLIN
      3-02 - 2

                	
                  BUFFALO
      WALLOW

                	
                  ELAND
      ENERGY

                	
                  HEMPHILL

                	
                  TX

                	
                  2.357430

                	
                  1.868070

                
	
                  HEFLEY
      4-4 - 4

                	
                  BUFFALO
      WALLOW

                	
                  ELAND
      ENERGY

                	
                  HEMPHILL

                	
                  TX

                	
                  3.000000

                	
                  2.325000

                
	
                  HOLLINGSWORTH
      #3 - 3

                	
                  LOGANSPORT

                	
                  BP
      AMERICA PRODUCTION CO

                	
                  DESOTO

                	
                  LA

                	
                  2.535714

                	
                  1.901791

                
	
                  PONDEROSA
      #33-01

                	
                  WALKER-FANGTASTIC

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  1.562500

                	
                  1.175220

                
	
                  SALLIE
      2-5 - 2-5

                	
                  KELTON
      EAST

                	
                  APACHE
      CORP

                	
                  WHEELER

                	
                  TX

                	
                  0.524900

                	
                  0.410730

                
	
                  HOP
      SING #1

                	
                  WALKER-FANGTASTIC

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  1.562500

                	
                  1.175220

                
	
                  MARCUM
      #1-28 - 1-28

                	
                  RANKEN-KIM

                	
                  RANKEN
      ENERGY CORPORATION

                	
                  MCCLAIN

                	
                  OK

                	
                  2.000000

                	
                  1.560000

                
	
                  ROWEN
      #1-6 - 1-6

                	
                  DEMPSEY

                	
                  SOUTHERN
      BAY OPERATING, LLC

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  1.437500

                	
                  1.078130

                
	
                  FOWLER
      #3 - 003AL

                	
                  MIDDLEFORK

                	
                  F W
      RABALAIS

                	
                  LINCOLN

                	
                  LA

                	
                  1.593750

                	
                  1.195310

                
	
                  COOKSEY
      #16-15

                	
                  CHISMVILLE

                	
                  FOREST
      OIL CORPORATION

                	
                  LOGAN

                	
                  AR

                	
                  1.486030

                	
                  1.168480

                
	
                  DINERO
      16-STATE-4 - 4

                	
                  BIG
      CHIEF

                	
                  DINERO
      OPERATING CO

                	
                  EDDY

                	
                  NM

                	
                  0.524330

                	
                  0.399730

                
	
                  WEAVER
      #2-27

                	
                  RANKEN-KIM

                	
                  RANKEN
      ENERGY CORPORATION

                	
                  MCCLAIN

                	
                  OK

                	
                  2.000000

                	
                  1.560000

                
	
                  HOBART
      9A1R

                	
                  WALKER-FANGTASTIC

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  1.562500

                	
                  1.175220

                
	
                  BRUCE
      #1-15 - 1-15

                	
                  PRUE
      SPRINGER

                	
                  CONTINENTAL
      RESOURCES INC

                	
                  BLAINE

                	
                  OK

                	
                  1.150000

                	
                  0.911790

                
	
                  OFFUTT
      L. D. 1 & 2 - MULTI

                	
                  BREEDLOVE

                	
                  ROFF
      OPERATING COMPANY

                	
                  MARTIN

                	
                  TX

                	
                  0.148760

                	
                  0.123890

                
	
                  CHAMPAGNE
      1 - 1

                	
                  VINTAGE

                	
                  TELLUS
      OPERATING GROUP LLC

                	
                  JEFFERSON
      DAVIS

                	
                  MS

                	
                  0.129600

                	
                  0.102180

                
	
                  MORRIS
      #1-6 - 1-6

                	
                  DEMPSEY

                	
                  SOUTHERN
      BAY OPERATING, LLC

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  1.067220

                	
                  0.800420

                
	
                  GATLIN
      3-03 - 3

                	
                  BUFFALO
      WALLOW

                	
                  ELAND
      ENERGY

                	
                  HEMPHILL

                	
                  TX

                	
                  2.964260

                	
                  2.454050

                
	
                  AGNES
      1-15H

                	
                  COLONY
      WASH

                	
                  CHESAPEAKE
      OPERATING INC.

                	
                  WASHITA

                	
                  OK

                	
                  0.033480

                	
                  0.025110

                
	
                  PUFF
      ROYALTY WELLS

                	
                  VARIOUS
      ORRI

                	
                  WAPITI
      OPERATING, LLC

                	
                  VARIOUS

                	
                  TX

                	
                  21.212120

                	
                  21.212120

                
	
                  AYCOCK
      M C A 1A, 2A, & 4A - 4A

                	
                  HOOPLE

                	
                  GUNGOLL
      CARL E EXPLORATION LLC

                	
                  CROSBY

                	
                  TX

                	
                  1.471040

                	
                  1.174910

                
	
                  UNIVERSITY
      18-29 #1 - 1

                	
                  QUITO

                	
                  ANADARKO
      PETROLEUM CORPORATION

                	
                  WARD

                	
                  TX

                	
                  0.654710

                	
                  0.566620

                
	
                  WILKINSON
      1-11

                	
                  Zephyr-Winter

                	
                  ZEPHYR
      OPERATING LLC

                	
                  BLAINE

                	
                  OK

                	
                  2.117060

                	
                  1.693650

                
	
                  HARPER
      1-20 - 1

                	
                  SPELUNKER
      & WALSH

                	
                  ENERGY
      ALLIANCE CO INCOR

                	
                  BACA

                	
                  CO

                	
                  4.040030

                	
                  3.231760

                
	
                  CAROLYN
      #1-36

                	
                  DEMPSEY

                	
                  B&W
      OPERATING LLC

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  3.750000

                	
                  2.812500

                

        

         

        
          
            
            

          

          
            Page 6 of
12

            
              

            

          

          
            
            

          

        

         

        
          	

                  Case
      Name

                	

                  FIELD

                	

                  Operator

                	

                  COUNTY

                	

                  STATE

                	

                  WI
      %

                	

                  RI
      %

                
	
                  HARTMAN
      #1-9 - 1-9

                	
                  SWEETWATER
      DRAGON

                	
                  QUESTAR
      EXPL & PROD CO

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  1.500000

                	
                  1.155500

                
	
                  COOK
      NMD 1-13 - 1

                	
                  SPELUNKER
      & WALSH

                	
                  ENERGY
      ALLIANCE CO INCOR

                	
                  BACA

                	
                  CO

                	
                  6.463990

                	
                  5.201310

                
	
                  MEADOWS
      4-07 - 7

                	
                  BUFFALO
      WALLOW

                	
                  ELAND
      ENERGY

                	
                  HEMPHILL

                	
                  TX

                	
                  3.400000

                	
                  2.682500

                
	
                  BREEDLOVE
      B-40

                	
                  BREEDLOVE

                	
                  ROFF
      OPERATING COMPANY

                	
                  MARTIN

                	
                  TX

                	
                  0.229490

                	
                  0.195810

                
	
                  BRYANS
      MILL UNIT PF RECORD 1 - 1

                	
                  BRYANS
      MILL

                	
                  SULPHUR
      RIVER EXPLORATION INC

                	
                  CASS

                	
                  TX

                	
                  1.165339

                	
                  1.019671

                
	
                  RED
      HILLS UNIT #4 - 4

                	
                  LUSK

                	
                  COG
      OPERATING LLC

                	
                  LEA

                	
                  NM

                	
                  0.000001

                	
                  0.285920

                
	
                  NEYLAND
      HEIRS 1-37 - 1-37

                	
                  SAINT
      PATRICK

                	
                  GUNGOLL
      CARL E EXPLORATION LLC

                	
                  AMITE

                	
                  MS

                	
                  3.375000

                	
                  2.557790

                
	
                  MONCRIEF
      #1 - 1

                	
                  MIDDLEFORK

                	
                  F W
      RABALAIS

                	
                  LINCOLN

                	
                  LA

                	
                  1.246880

                	
                  0.949010

                
	
                  BUCKINGHAM
      105 - 1-5

                	
                  KELTON
      EAST

                	
                  APACHE
      CORP

                	
                  WHEELER

                	
                  TX

                	
                  0.524900

                	
                  0.410730

                
	
                  MCDONALD
      #1 - 1

                	
                  MIDDLEFORK

                	
                  F W
      RABALAIS

                	
                  LINCOLN

                	
                  LA

                	
                  1.593750

                	
                  1.195310

                
	
                  COOKSEY
      #04-22 - 4-22

                	
                  CHISMVILLE

                	
                  FOREST
      OIL CORPORATION

                	
                  LOGAN

                	
                  AR

                	
                  1.438990

                	
                  1.060170

                
	
                  LEE
      #4-2 - 2

                	
                  LEE

                	
                  CHESAPEAKE
      OPERATING INC.

                	
                  WHEELER

                	
                  TX

                	
                  1.312500

                	
                  0.984380

                
	
                  GINGER
      KAY 28-3

                	
                  WALKER-FANGTASTIC

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  1.562500

                	
                  1.175220

                
	
                  COOKSEY
      #05-15 - 5-15

                	
                  CHISMVILLE

                	
                  FOREST
      OIL CORPORATION

                	
                  LOGAN

                	
                  AR

                	
                  1.438990

                	
                  1.060170

                
	
                  COOKSEY
      #03 - 3-C

                	
                  CHISMVILLE

                	
                  FOREST
      OIL CORPORATION

                	
                  LOGAN

                	
                  AR

                	
                  1.441410

                	
                  1.062100

                
	
                  FEDERAL
      #1-27 - 1-27

                	
                  RANKEN-KIM

                	
                  RANKEN
      ENERGY CORPORATION

                	
                  MCCLAIN

                	
                  OK

                	
                  2.000000

                	
                  1.560000

                
	
                  ALLEY
      2-17 - 2

                	
                  SPELUNKER
      & WALSH

                	
                  ENERGY
      ALLIANCE CO INCOR

                	
                  BACA

                	
                  CO

                	
                  3.827250

                	
                  3.061780

                
	
                  SAYRE
      RANCH SEC 5 #5-5 - 1

                	
                  MAVERICK

                	
                  ZEPHYR
      OPERATING LLC

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  8.472780

                	
                  6.354590

                
	
                  MEADOWS
      4-04 - 4

                	
                  BUFFALO
      WALLOW

                	
                  ELAND
      ENERGY

                	
                  HEMPHILL

                	
                  TX

                	
                  1.500000

                	
                  1.162500

                
	
                  FILLINGIM
      88-02 - 2

                	
                  BUFFALO
      WALLOW

                	
                  LINN
      OPERATING INC.

                	
                  HEMPHILL

                	
                  TX

                	
                  0.963410

                	
                  0.761090

                
	
                  MCKNIGHT,
      MB E-2 - 2

                	
                  SAND
      HILLS

                	
                  BURNETT
      OIL CO INC

                	
                  CRANE

                	
                  TX

                	
                  2.309010

                	
                  1.876080

                
	
                  BASSETT
      13-02 - 2

                	
                  MUSTANG
      & YUKON

                	
                  LINN
      OPERATING INC.

                	
                  CANADIAN

                	
                  OK

                	
                  0.000001

                	
                  0.165950

                
	
                  GAS
      FARM 1-17 - 1-17

                	
                  SPELUNKER
      & WALSH

                	
                  ENERGY
      ALLIANCE CO INCOR

                	
                  BACA

                	
                  CO

                	
                  4.324740

                	
                  3.459780

                
	
                  BUCKINGHAM
      205 - 2-5

                	
                  KELTON
      EAST

                	
                  SANGUINE
      GAS EXPLORATION

                	
                  WHEELER

                	
                  TX

                	
                  0.524900

                	
                  0.410730

                
	
                  KEITH
      1-58 - 1-58

                	
                  KELTON
      EAST

                	
                  APACHE
      CORP

                	
                  WHEELER

                	
                  TX

                	
                  0.524900

                	
                  0.377930

                
	
                  COOK
      2-7 - 2

                	
                  SPELUNKER
      & WALSH

                	
                  ENERGY
      ALLIANCE CO INCOR

                	
                  BACA

                	
                  CO

                	
                  3.827340

                	
                  3.061850

                
	
                  EL
      CHICO #2 H - 2H

                	
                  NEWARK
      EAST

                	
                  CARRIZO
      OIL & GAS, INC

                	
                  PARKER

                	
                  TX

                	
                  0.400000

                	
                  0.300000

                
	
                  OBENCHAIN
      B3H - B3H

                	
                  NEWARK
      EAST

                	
                  RANGE
      RESOURCES

                	
                  DENTON

                	
                  TX

                	
                  0.625000

                	
                  0.462500

                
	
                  SELF
      GAS UNIT #69-3 - 1

                	
                  HOSTETTER

                	
                  CHEVRONTEXACO

                	
                  DUVAL

                	
                  TX

                	
                  4.760670

                	
                  3.610120

                
	
                  HOSS
      21-1 - 21-1

                	
                  WALKER-FANGTASTIC

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  1.562500

                	
                  1.175220

                
	
                  UNIVERSITY
      18-31 #6 - 6

                	
                  QUITO

                	
                  ANADARKO
      PETROLEUM CORPORATION

                	
                  WARD

                	
                  TX

                	
                  0.519670

                	
                  0.454710

                
	
                  MCCOMB
      M GAS UNIT 1 - 1

                	
                  MCCOMB

                	
                  EXXONMOBIL
      CORPORATION

                	
                  PECOS

                	
                  TX

                	
                  2.588240

                	
                  2.102940

                
	
                  GARR
      3-11 - 3-11

                	
                  MUSTANG
      & YUKON

                	
                  PYRAMID
      OIL OF AMERICA INC

                	
                  Canadian

                	
                  OK

                	
                  0.698000

                	
                  0.523500

                
	
                  FILLINGIM
      88-01 - 1

                	
                  BUFFALO
      WALLOW

                	
                  LINN
      OPERATING INC.

                	
                  HEMPHILL

                	
                  TX

                	
                  0.963400

                	
                  0.761092

                
	
                  WEIDEMANN
      2-11 - 2-11

                	
                  MUSTANG
      & YUKON

                	
                  PYRAMID
      OIL OF AMERICA INC

                	
                  CANADIAN

                	
                  OK

                	
                  1.198000

                	
                  0.898500

                

        

         

        
          
            
            

          

          
            Page 7 of
12

            
              

            

          

          
            
            

          

        

         

        
          	

                  Case
      Name

                	

                  FIELD

                	

                  Operator

                	

                  COUNTY

                	

                  STATE

                	

                  WI
      %

                	

                  RI
      %

                
	
                  RUTH
      ANN #1-14 - 1-35

                	
                  WATONGA
      WEST

                	
                  CONTINENTAL
      RESOURCES INC

                	
                  BLAINE

                	
                  OK

                	
                  2.061670

                	
                  1.546250

                
	
                  JAGGER
      DEAN #1 - 34-1

                	
                  WALKER-FANGTASTIC

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  1.562500

                	
                  1.175220

                
	
                  CRANZ
      #14 - 14

                	
                  SPEAKS
      SW

                	
                  MOSBACHER
      ENERGY COMPANY

                	
                  LAVACA

                	
                  TX

                	
                  3.428730

                	
                  2.532620

                
	
                  FILLINGIM
      88-09 - 9

                	
                  BUFFALO
      WALLOW

                	
                  LINN
      OPERATING INC.

                	
                  HEMPHILL

                	
                  TX

                	
                  0.963410

                	
                  0.761090

                
	
                  TURNBOW,
      E. L. 4 - 4

                	
                  BREEDLOVE

                	
                  ROFF
      OPERATING COMPANY

                	
                  MARTIN

                	
                  TX

                	
                  0.232810

                	
                  0.198710

                
	
                  OBENCHAIN
      E2H - E2H

                	
                  NEWARK
      EAST

                	
                  RANGE
      RESOURCES

                	
                  DENTON

                	
                  TX

                	
                  0.625000

                	
                  0.462500

                
	
                  RYAN
      #2-6 - 2-6

                	
                  RED
      OAK

                	
                  SOUTHERN
      BAY OPERATING, LLC

                	
                  LATIMER

                	
                  OK

                	
                  0.519380

                	
                  0.389530

                
	
                  ABBIE
      COLVIN T 1-25 - 1

                	
                  RUSTON

                	
                  DEVON
      ENERGY PRODUCTION CO.

                	
                  LINCOLN

                	
                  LA

                	
                  0.310840

                	
                  0.271980

                
	
                  LITTLE
      JOE 28-1 - 28-1

                	
                  WALKER-FANGTASTIC

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  1.562500

                	
                  1.175220

                
	
                  FILLINGIM
      88-08 - 8

                	
                  BUFFALO
      WALLOW

                	
                  LINN
      OPERATING INC.

                	
                  HEMPHILL

                	
                  TX

                	
                  0.963410

                	
                  0.761090

                
	
                  KAPLAN
      2-1

                	
                  MUSTANG
      & YUKON

                	
                  D C
      ENERGY INCORPORATED

                	
                  CANADIAN

                	
                  OK

                	
                  0.823890

                	
                  0.900330

                
	
                  RSK
      #4 - 4

                	
                  NEWARK
      EAST

                	
                  WOLSEY
      WELL SERVICE

                	
                  WISE

                	
                  TX

                	
                  1.800000

                	
                  1.278000

                
	
                  COKER
      SEC 10 #10-1 - 101

                	
                  MAVERICK

                	
                  CROWN
      ENERGY COMPANY

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  6.111110

                	
                  4.766600

                
	
                  HILLBOLDT,
      D. C. - 1

                	
                  ORANGE
      HILL, S

                	
                  QUAIL
      CREEK OIL CORPORATION

                	
                  ORANGE

                	
                  TX

                	
                  1.567060

                	
                  1.303640

                
	
                  BEACONS
      GULLY 7500' FRIO SAND - 1

                	
                  BEACONS
      GULLY

                	
                  WAGNER
      OIL COMPANY

                	
                  EVANGELINE

                	
                  LA

                	
                  1.471810

                	
                  1.095080

                
	
                  UGLY
      HOG #1 - 1

                	
                  QUITO

                	
                  SEABOARD
      OIL COMPANY

                	
                  Ward

                	
                  TX

                	
                  6.140630

                	
                  4.701420

                
	
                  CORDES
      1-15 - 1-15

                	
                  ALEDO
      SOUTHEAST

                	
                  LINN
      OPERATING INC.

                	
                  CUSTER

                	
                  OK

                	
                  0.133650

                	
                  0.121100

                
	
                  COOKSEY
      #14-22 - 14-22

                	
                  CHISMVILLE

                	
                  FOREST
      OIL CORPORATION

                	
                  LOGAN

                	
                  AR

                	
                  1.445040

                	
                  1.064410

                
	
                  BREEDLOVE
      B-37 R

                	
                  BREEDLOVE

                	
                  ROFF
      OPERATING COMPANY

                	
                  MARTIN

                	
                  TX

                	
                  0.229490

                	
                  0.195810

                
	
                  BASS
      5059 - 5-59

                	
                  KELTON
      EAST

                	
                  SANGUINE
      GAS EXPLORATION

                	
                  WHEELER

                	
                  TX

                	
                  0.524900

                	
                  0.410730

                
	
                  OBENCHAIN
      D2 - D2H

                	
                  NEWARK
      EAST

                	
                  RANGE
      RESOURCES

                	
                  DENTON

                	
                  TX

                	
                  0.625000

                	
                  0.462500

                
	
                  OBENCHAIN
      A3H - A3H

                	
                  NEWARK
      EAST

                	
                  RANGE
      RESOURCES

                	
                  DENTON

                	
                  TX

                	
                  0.625000

                	
                  0.462500

                
	
                  COOKSEY
      #15-22

                	
                  CHISMVILLE

                	
                  FOREST
      OIL CORPORATION

                	
                  LOGAN

                	
                  AR

                	
                  1.514600

                	
                  1.244030

                
	
                  INLOW
      1-14 - 1-14

                	
                  MAYFIELD

                	
                  CHESAPEAKE
      OPERATING INC.

                	
                  BECKHAM

                	
                  OK

                	
                  0.320000

                	
                  0.240000

                
	
                  STEFFEN
      HARVEY 2 - 2

                	
                  WATONGA-CHICKASHA
      TREND

                	
                  RANGE
      RESOURCES

                	
                  CANADIAN

                	
                  OK

                	
                  0.261720

                	
                  0.227710

                
	
                  WATSON,
      MATTIE 1-25 - 1

                	
                  RUSTON

                	
                  DEVON
      ENERGY PRODUCTION CO.

                	
                  LINCOLN

                	
                  LA

                	
                  0.310840

                	
                  0.271980

                
	
                  OBENCHAIN
      E3H - E3H

                	
                  NEWARK
      EAST

                	
                  RANGE
      RESOURCES

                	
                  DENTON

                	
                  TX

                	
                  0.625000

                	
                  0.462500

                
	
                  NELLIE
      21 - 1

                	
                  LOVINGTON

                	
                  CHESAPEAKE
      OPERATING INC.

                	
                  LEA

                	
                  NM

                	
                  1.661430

                	
                  1.247230

                
	
                  BRADLEY
      A #7 - 7-T

                	
                  BOX
      CHURCH

                	
                  XTO
      ENERGY INC

                	
                  LIMESTONE

                	
                  TX

                	
                  1.116290

                	
                  0.971380

                
	
                  NEYLAND
      HEIRS 1-07 - 1-7

                	
                  SAINT
      PATRICK

                	
                  GUNGOLL
      CARL E EXPLORATION LLC

                	
                  AMITE

                	
                  MS

                	
                  2.250000

                	
                  1.700010

                
	
                  BASSETT
      12-01 - 1-12

                	
                  MUSTANG
      & YUKON

                	
                  LINN
      OPERATING INC.

                	
                  CANADIAN

                	
                  OK

                	
                  0.200000

                	
                  0.254170

                
	
                  BREEDLOVE
      B-30

                	
                  BREEDLOVE

                	
                  ROFF
      OPERATING COMPANY

                	
                  MARTIN

                	
                  TX

                	
                  0.145380

                	
                  0.132720

                
	
                  OBENCHAIN
      D1H - D1H

                	
                  NEWARK
      EAST

                	
                  RANGE
      RESOURCES

                	
                  DENTON

                	
                  TX

                	
                  0.625000

                	
                  0.462500

                
	
                  BREEDLOVE
      B-39

                	
                  BREEDLOVE

                	
                  ROFF
      OPERATING COMPANY

                	
                  MARTIN

                	
                  TX

                	
                  0.229490

                	
                  0.195810

                
	
                  HOFFMAN
      1-11H

                	
                  ALEDO
      SOUTHWEST

                	
                  DUNCAN
      OIL PROPERTIES, INC.

                	
                  CUSTER

                	
                  OK

                	
                  1.829270

                	
                  1.431400

                

        

         

        
          
            
            

          

          
            Page 8 of
12

            
              

            

          

          
            
            

          

        

         

        
          	

                  Case
      Name

                	

                  FIELD

                	

                  Operator

                	

                  COUNTY

                	

                  STATE

                	

                  WI
      %

                	

                  RI
      %

                
	
                  GARR
      2-11 - 11-2

                	
                  MUSTANG
      & YUKON

                	
                  GDA
      INVESTMENTS INCORPORATED

                	
                  CANADIAN

                	
                  OK

                	
                  1.083230

                	
                  0.866580

                
	
                  BROWN
      1-5 - 105

                	
                  KELTON
      EAST

                	
                  APACHE
      CORP

                	
                  WHEELER

                	
                  TX

                	
                  0.375000

                	
                  0.292110

                
	
                  TURNBOW
      5

                	
                  BREEDLOVE

                	
                  ROFF
      OPERATING COMPANY

                	
                  MARTIN

                	
                  TX

                	
                  0.258370

                	
                  0.220070

                
	
                  PATHFINDER
      #2-13 - 2-13

                	
                  REYDON

                	
                  THE
      GHK COMPANY

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  0.652290

                	
                  0.506360

                
	
                  DEVENIE
      KAY 28-2 - 28-2

                	
                  WALKER-FANGTASTIC

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  1.562500

                	
                  1.175220

                
	
                  COOKSEY
      #13-22 - 13-22

                	
                  CHISMVILLE

                	
                  FOREST
      OIL CORPORATION

                	
                  LOGAN

                	
                  AR

                	
                  1.439860

                	
                  1.060770

                
	
                  COOKSEY
      #07-22 - 7-22

                	
                  CHISMVILLE

                	
                  FOREST
      OIL CORPORATION

                	
                  LOGAN

                	
                  AR

                	
                  1.525910

                	
                  1.135280

                
	
                  DUNN
      A #1 - 1

                	
                  NEWARK
      EAST

                	
                  ENCANA
      OIL & GAS (USA) INC.

                	
                  DENTON

                	
                  TX

                	
                  5.829140

                	
                  4.371860

                
	
                  DINERO
      16-STATE-5 - 5

                	
                  BIG
      CHIEF

                	
                  DINERO
      OPERATING CO

                	
                  EDDY

                	
                  NM

                	
                  1.500000

                	
                  1.125000

                
	
                  ADAM
      #28-1 - 28-1

                	
                  WALKER-FANGTASTIC

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  1.562500

                	
                  1.175220

                
	
                  GROTTO
      ROUGE 1-30 - 1-30

                	
                  SPELUNKER
      & WALSH

                	
                  ENERGY
      ALLIANCE CO INCOR

                	
                  BACA

                	
                  CO

                	
                  3.707700

                	
                  2.980640

                
	
                  TARON
      2-28H/28

                	
                  SNEAKY
      PETE

                	
                  TRANSPRO
      ENERGY LLC

                	
                  POTTOWATOMIE

                	
                  OK

                	
                  2.625000

                	
                  2.100000

                
	
                  KEYSTONE
      #1-13 CHEROKEE - 1

                	
                  SPELUNKER
      & WALSH

                	
                  ENERGY
      ALLIANCE CO INCOR

                	
                  BACA

                	
                  CO

                	
                  6.658260

                	
                  5.343940

                
	
                  COLTHARP
      1-58 (REENTRY) - 1-58

                	
                  KELTON
      EAST

                	
                  APACHE
      CORP

                	
                  WHEELER

                	
                  TX

                	
                  0.461910

                	
                  0.332580

                
	
                  SALLIE
      3-5 - 1-5

                	
                  KELTON
      EAST

                	
                  APACHE
      CORP

                	
                  WHEELER

                	
                  TX

                	
                  0.524900

                	
                  0.410730

                
	
                  BROWN
      205 - 2-5

                	
                  KELTON
      EAST

                	
                  SANGUINE
      GAS EXPLORATION

                	
                  WHEELER

                	
                  TX

                	
                  0.375000

                	
                  0.292110

                
	
                  OBENCHAIN
      F1H - F-1H

                	
                  NEWARK
      EAST

                	
                  RANGE
      RESOURCES

                	
                  DENTON

                	
                  TX

                	
                  0.625000

                	
                  0.462500

                
	
                  BREEDLOVE
      B-25

                	
                  BREEDLOVE

                	
                  ROFF
      OPERATING COMPANY

                	
                  MARTIN

                	
                  TX

                	
                  0.229490

                	
                  0.195810

                
	
                  COLTHARP
      2-58 - 2-58

                	
                  KELTON
      EAST

                	
                  SANGUINE
      GAS EXPLORATION

                	
                  WHEELER

                	
                  TX

                	
                  0.524900

                	
                  0.377930

                
	
                  MEADOWS
      4-06 - 6

                	
                  BUFFALO
      WALLOW

                	
                  ELAND
      ENERGY

                	
                  HEMPHILL

                	
                  TX

                	
                  2.700000

                	
                  2.122500

                
	
                  BREEDLOVE
      B-36

                	
                  BREEDLOVE

                	
                  ROFF
      OPERATING COMPANY

                	
                  MARTIN

                	
                  TX

                	
                  0.234030

                	
                  0.199780

                
	
                  DUNN
      A #2 - 2

                	
                  NEWARK
      EAST

                	
                  ENCANA
      OIL & GAS (USA) INC.

                	
                  DENTON

                	
                  TX

                	
                  5.009420

                	
                  3.757060

                
	
                  MURRAY
      A E #2 - 2

                	
                  SUPRON

                	
                  ROSETTA
      RESOURCES OPERATING LP

                	
                  NACOGDOCHES

                	
                  TX

                	
                  0.520780

                	
                  0.359760

                
	
                  COOKSEY
      #02 - 2-C

                	
                  CHISMVILLE

                	
                  FOREST
      OIL CORPORATION

                	
                  LOGAN

                	
                  AR

                	
                  1.438990

                	
                  1.060170

                
	
                  GREENE
      8-3

                	
                  WALKER-FANGTASTIC

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  1.562500

                	
                  1.175220

                
	
                  BARBOUR
      12-3 - 12-3

                	
                  MINCO
      EAST

                	
                  LINN
      OPERATING INC.

                	
                  CANADIAN

                	
                  OK

                	
                  0.067860

                	
                  0.055090

                
	
                  DOBSON
      RANCH SEC 6 #1-6 - 1

                	
                  MAVERICK

                	
                  CHESAPEAKE
      OPERATING INC.

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  1.890010

                	
                  1.535140

                
	
                  HORTON
      ESTATE 1-1 - 1-1

                	
                  SAINT
      PATRICK

                	
                  GUNGOLL
      CARL E EXPLORATION LLC

                	
                  WILKNSON

                	
                  MS

                	
                  2.250000

                	
                  1.713080

                
	
                  ZINFANDEL
      1 - 1

                	
                  VINTAGE

                	
                  TELLUS
      OPERATING GROUP LLC

                	
                  JEFFERSON
      DAVIS

                	
                  MS

                	
                  0.241150

                	
                  0.181760

                
	
                  SHOOK,
      H. L., A 4 - MULTI

                	
                  BREEDLOVE

                	
                  ROFF
      OPERATING COMPANY

                	
                  MARTIN

                	
                  TX

                	
                  0.228880

                	
                  0.200530

                
	
                  BLOCKER
      #21-2 - 21-2

                	
                  WALKER-FANGTASTIC

                	
                  KEITH
      F WALKER

                	
                  MEADE

                	
                  KS

                	
                  1.562500

                	
                  1.175220

                
	
                  DETRIX
      #48-1 - 1048

                	
                  HIGGINS
      S

                	
                  ARNOLD
      OIL PROPERTIES

                	
                  HEMPHILL

                	
                  TX

                	
                  3.500000

                	
                  2.800000

                
	
                  COOKSEY
      #09-22 - 9-22

                	
                  CHISMVILLE

                	
                  FOREST
      OIL CORPORATION

                	
                  LOGAN

                	
                  AR

                	
                  1.526180

                	
                  1.135510

                
	
                  BLACK
      RIVER FED #1 - 1

                	
                  WHITE
      CITY

                	
                  MURCHISON
      OIL & GAS INCORPORAT

                	
                  EDDY

                	
                  NM

                	
                  4.445540

                	
                  3.889840

                
	
                  WORD
      FAYE #1 - 1046

                	
                  HIGGINS
      S

                	
                  ARNOLD
      OIL PROPERTIES

                	
                  HEMPHILL

                	
                  TX

                	
                  3.500000

                	
                  2.800000

                

        

         

        
          
            
            

          

          
            Page 9 of
12

            
              

            

          

          
            
            

          

        

         

        
          	

                  Case
      Name

                	

                  FIELD

                	

                  Operator

                	

                  COUNTY

                	

                  STATE

                	

                  WI
      %

                	

                  RI
      %

                
	
                  COOKSEY
      #10-22 - 10-22

                	
                  CHISMVILLE

                	
                  FOREST
      OIL CORPORATION

                	
                  LOGAN

                	
                  AR

                	
                  1.526180

                	
                  1.135510

                
	
                  GRAFT
      #1 - 1-9

                	
                  ZERBY

                	
                  PAYNE
      EXPLORATION COMPANY

                	
                  CUSTER

                	
                  OK

                	
                  2.500000

                	
                  1.875000

                
	
                  UNIVERSITY
      18-31 #4 - 4

                	
                  QUITO

                	
                  ANADARKO
      PETROLEUM CORPORATION

                	
                  WARD

                	
                  TX

                	
                  0.519670

                	
                  0.454710

                
	
                  UNIVERSITY
      18-29 #4 - 4

                	
                  QUITO

                	
                  ANADARKO
      PETROLEUM CORPORATION

                	
                  WARD

                	
                  TX

                	
                  0.519670

                	
                  0.454710

                
	
                  USA
      #14-5 - 14-15

                	
                  PISTOL
      RIDGE DEEP

                	
                  GUNGOLL
      CARL E EXPLORATION LLC

                	
                  PEARL
      RIVER

                	
                  MS

                	
                  1.990810

                	
                  1.493110

                
	
                  BREEDLOVE
      B-44 - 44

                	
                  BREEDLOVE

                	
                  ROFF
      OPERATING COMPANY

                	
                  MARTIN

                	
                  TX

                	
                  0.302070

                	
                  0.257480

                
	
                  COOKSEY
      #08-22 - 8-22

                	
                  CHISMVILLE

                	
                  FOREST
      OIL CORPORATION

                	
                  LOGAN

                	
                  AR

                	
                  1.520510

                	
                  1.131500

                
	
                  LOUISIANA
      FURS #4

                	
                  ESTHER
      SW

                	
                  MOSBACHER
      ENERGY COMPANY

                	
                  VERMILION

                	
                  LA

                	
                  3.815440

                	
                  2.887550

                
	
                  DOBSON
      SEC 1 #1-1 - 1

                	
                  MAVERICK

                	
                  CROWN
      ENERGY COMPANY

                	
                  WHEELER

                	
                  TX

                	
                  5.156250

                	
                  4.054330

                
	
                  EBLING
      2-1 - 1-Feb

                	
                  MUSTANG
      & YUKON

                	
                  PREMIER
      ENERGY LLC

                	
                  CANADIAN

                	
                  OK

                	
                  5.266140

                	
                  3.950000

                
	
                  BASS
      2-59 - 3-59

                	
                  KELTON
      EAST

                	
                  APACHE
      CORP

                	
                  WHEELER

                	
                  TX

                	
                  0.407820

                	
                  0.304160

                
	
                  BEAR
      1-19 - 1-19

                	
                  EAKLY-WEATHERFORD
      TREND

                	
                  UNIT
      PETROLEUM CORP

                	
                  CADDO

                	
                  OK

                	
                  0.148760

                	
                  0.151310

                
	
                  PATTY
      #1-33 - 1-33

                	
                  RANKEN-KIM

                	
                  RANKEN
      ENERGY CORPORATION

                	
                  MCCLAIN

                	
                  OK

                	
                  2.525000

                	
                  1.969500

                
	
                  BRADLEY
      A #9 - 9

                	
                  BOX
      CHURCH

                	
                  XTO
      ENERGY INC

                	
                  LIMESTONE

                	
                  TX

                	
                  1.116290

                	
                  0.971380

                
	
                  WIGGINS
      #2 - 2

                	
                  NEWARK
      EAST

                	
                  HILLWOOD
      ALLIANCE OPERATING CO

                	
                  TARRANT

                	
                  TX

                	
                  1.800000

                	
                  1.340460

                
	
                  BASS-CALCOTE
      2-59 - 1-59

                	
                  KELTON
      EAST

                	
                  APACHE
      CORP

                	
                  WHEELER

                	
                  TX

                	
                  0.350020

                	
                  0.261910

                
	
                  BREEDLOVE
      B-28

                	
                  BREEDLOVE

                	
                  ROFF
      OPERATING COMPANY

                	
                  MARTIN

                	
                  TX

                	
                  0.229490

                	
                  0.195810

                
	
                  WEAVER
      #1-27 - 1-27

                	
                  RANKEN-KIM

                	
                  RANKEN
      ENERGY CORPORATION

                	
                  MCCLAIN

                	
                  OK

                	
                  2.000000

                	
                  1.560000

                
	
                  OBENCHAIN
      B2 - B2

                	
                  NEWARK
      EAST

                	
                  RANGE
      RESOURCES

                	
                  DENTON

                	
                  TX

                	
                  0.625000

                	
                  0.462500

                
	
                  COLE
      TRUST A #4 - 4

                	
                  NEWARK
      EAST

                	
                  ENCANA
      OIL & GAS (USA) INC.

                	
                  DENTON

                	
                  TX

                	
                  4.156250

                	
                  2.784690

                
	
                  LEWIS
      2D - 002D

                	
                  RUSTON

                	
                  DEVON
      ENERGY PRODUCTION CO.

                	
                  LINCOLN

                	
                  LA

                	
                  0.621950

                	
                  0.527580

                
	
                  FENTON
      SEC 33 #1-33 - 1

                	
                  MAVERICK

                	
                  CHESAPEAKE
      OPERATING INC.

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  0.750000

                	
                  0.597520

                
	
                  COOKSEY
      #06-22 - 6-22

                	
                  CHISMVILLE

                	
                  FOREST
      OIL CORPORATION

                	
                  LOGAN

                	
                  AR

                	
                  1.527430

                	
                  1.136440

                
	
                  BRADLEY
      A #8 - 8

                	
                  BOX
      CHURCH

                	
                  XTO
      ENERGY INC

                	
                  LIMESTONE

                	
                  TX

                	
                  1.116290

                	
                  0.971380

                
	
                  HEFLEY
      4-8 - 8

                	
                  BUFFALO
      WALLOW

                	
                  ELAND
      ENERGY

                	
                  HEMPHILL

                	
                  TX

                	
                  3.000000

                	
                  2.325000

                
	
                  LOUISIANA
      FURS #3 - 003AL

                	
                  ESTHER
      SW

                	
                  MOSBACHER
      ENERGY COMPANY

                	
                  VERMILION

                	
                  LA

                	
                  3.815440

                	
                  2.887550

                
	
                  MCDANIEL,
      LOIS  #1 - 1

                	
                  QUITO

                	
                  ANADARKO
      PETROLEUM CORPORATION

                	
                  WARD

                	
                  TX

                	
                  0.519670

                	
                  0.454710

                
	
                  BRADLEY
      A #3 - 3

                	
                  BOX
      CHURCH

                	
                  XTO
      ENERGY INC

                	
                  LIMESTONE

                	
                  TX

                	
                  1.116290

                	
                  0.971380

                
	
                  HENDERSON
      #3 - 3

                	
                  SPEAKS
      SW

                	
                  VENOCO
      INC.

                	
                  LAVACA

                	
                  TX

                	
                  0.000001

                	
                  0.022540

                
	
                  COOKSEY
      #11-15 - 11-15

                	
                  CHISMVILLE

                	
                  FOREST
      OIL CORPORATION

                	
                  LOGAN

                	
                  AR

                	
                  1.526180

                	
                  1.135510

                
	
                  BLACKSTONE
      MINERALS #1-31 - 1

                	
                  POPLARVILLE

                	
                  GUNGOLL
      CARL E EXPLORATION LLC

                	
                  PEARL
      RIVER

                	
                  MS

                	
                  5.000000

                	
                  3.500000

                
	
                  BOSWELL
      #1-11 - 1-11

                	
                  ROLL
      SW

                	
                  SOUTHERN
      BAY OPERATING, LLC

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  2.409490

                	
                  1.824450

                
	
                  ROSA
      1-6 - 1-6

                	
                  MUSTANG
      & YUKON

                	
                  PREMIER
      ENERGY LLC

                	
                  CANADIAN

                	
                  OK

                	
                  5.147060

                	
                  3.860290

                
	
                  DOKE
      2-8 - 2

                	
                  SPELUNKER
      & WALSH

                	
                  ENERGY
      ALLIANCE CO INCOR

                	
                  BACA

                	
                  CO

                	
                  3.827250

                	
                  3.061780

                
	
                  NORTH
      WHITE #1

                	
                  NEWARK
      EAST

                	
                  HARDING
      COMPANY

                	
                  PARKER

                	
                  TX

                	
                  0.600000

                	
                  0.450000

                

        

         

        
          
            
            

          

          
            Page 10
of 12

            
              

            

          

          
            
            

          

           

        

        
          	

                  Case
      Name

                	

                  FIELD

                	

                  Operator

                	

                  COUNTY

                	

                  STATE

                	

                  WI
      %

                	

                  RI
      %

                
	
                  HENDERSON
      #2 - 2

                	
                  SPEAKS
      SW

                	
                  VENOCO
      INC.

                	
                  LAVACA

                	
                  TX

                	
                  0.000001

                	
                  0.022540

                
	
                  EL
      CHICO #1 H - 1H

                	
                  NEWARK
      EAST

                	
                  CARRIZO
      OIL & GAS, INC

                	
                  PARKER

                	
                  TX

                	
                  0.400000

                	
                  0.300000

                
	
                  OBENCHAIN
      B1 - B1

                	
                  NEWARK
      EAST

                	
                  RANGE
      RESOURCES

                	
                  DENTON

                	
                  TX

                	
                  0.625000

                	
                  0.462500

                
	
                  MOORE,
      KATHLEEN J. B1 - 1

                	
                  ROJO
      CABALLOS

                	
                  APACHE
      CORP

                	
                  PECOS

                	
                  TX

                	
                  0.361880

                	
                  0.300910

                
	
                  PYOTE
      GAS UNIT #5 - 1A

                	
                  BLOCK
      16 (DEVONIAN)

                	
                  MOSBACHER
      ENERGY COMPANY

                	
                  WARD

                	
                  TX

                	
                  0.648380

                	
                  0.516300

                
	
                  PETREE
      ESTATE #1-12 - 1-12

                	
                  EL
      RENO

                	
                  UNITED
      PRODUCTION CO

                	
                  CANADIAN

                	
                  OK

                	
                  1.562500

                	
                  1.171880

                
	
                  WRIGHT
      STAR UNIT 1 #1 - 1

                	
                  NEWARK
      EAST

                	
                  EXTERRA
      ENERGY INC

                	
                  DENTON

                	
                  TX

                	
                  0.300000

                	
                  0.222000

                
	
                  BREEDLOVE
      B-31

                	
                  BREEDLOVE

                	
                  ROFF
      OPERATING COMPANY

                	
                  MARTIN

                	
                  TX

                	
                  0.145230

                	
                  0.132610

                
	
                  McCRARY
      #1-32 - 1-32

                	
                  MOUDRY

                	
                  QUESTAR
      EXPL & PROD CO

                	
                  BLAINE

                	
                  OK

                	
                  0.572000

                	
                  0.395520

                
	
                  BRYAN
      #1-19 - 1-19

                	
                  DEMPSEY

                	
                  SOUTHERN
      BAY OPERATING, LLC

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  1.500000

                	
                  1.125000

                
	
                  AUSTIN
      1-6 - 1-6

                	
                  KELTON
      EAST

                	
                  APACHE
      CORP

                	
                  WHEELER

                	
                  TX

                	
                  0.524900

                	
                  0.406770

                
	
                  TURLEY
      #1-09 - 1-9

                	
                  ROLL
      SW

                	
                  SOUTHERN
      BAY OPERATING, LLC

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  1.571170

                	
                  1.178380

                
	
                  FILLINGIM
      88-07 - 7

                	
                  BUFFALO
      WALLOW

                	
                  LINN
      OPERATING INC.

                	
                  HEMPHILL

                	
                  TX

                	
                  1.029530

                	
                  0.813990

                
	
                  MONROE
      #2 - 2

                	
                  QUITO

                	
                  GRIFFIN
      PETROLEUM COMPANY

                	
                  WARD

                	
                  TX

                	
                  0.000001

                	
                  0.013670

                
	
                  EASTMAN
      #1 - 1

                	
                  NEWARK
      EAST

                	
                  HARDING
      COMPANY

                	
                  PARKER

                	
                  TX

                	
                  0.400000

                	
                  0.300000

                
	
                  GRAYSON
      #1-13 - 1-13

                	
                  EL
      RENO

                	
                  UNITED
      PRODUCTION CO

                	
                  CANADIAN

                	
                  OK

                	
                  1.596490

                	
                  1.277190

                
	
                  POKEY
      #14-2 - 14-2

                	
                  WALKER-POKEY

                	
                  KEITH
      F WALKER

                	
                  BEAVER

                	
                  OK

                	
                  1.562500

                	
                  1.169800

                
	
                  EARL
      #1-21 - 1-21

                	
                  RIVER

                	
                  PREMIER
      ENERGY LLC

                	
                  DEWEY

                	
                  OK

                	
                  4.571430

                	
                  3.428570

                
	
                  DAVIS
      9-4 #1-21H

                	
                  SNEAKY
      PETE

                	
                  TRANSPRO
      ENERGY LLC

                	
                  POTTOWATOMIE

                	
                  OK

                	
                  2.625000

                	
                  2.100000

                
	
                  DAVIS
      3-21H/15

                	
                  SNEAKY
      PETE

                	
                  TRANSPRO
      ENERGY LLC

                	
                  POTTOWATOMIE

                	
                  OK

                	
                  2.625000

                	
                  2.100000

                
	
                  HILL
      #1-29 - 1-29

                	
                  WILSON

                	
                  SOUTHERN
      BAY OPERATING, LLC

                	
                  BECKHAM

                	
                  OK

                	
                  0.705790

                	
                  0.530900

                
	
                  HAJEK
      #1-17 - 1-17

                	
                  WATONGA
      WEST

                	
                  CONTINENTAL
      RESOURCES INC

                	
                  BLAINE

                	
                  OK

                	
                  1.250000

                	
                  1.000000

                
	
                  SIDES
      #3-9 - 3-9

                	
                  REYDON

                	
                  B&W
      OPERATING LLC

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  2.250000

                	
                  1.687500

                
	
                  LEON
      #1-10 - 1-10

                	
                  ROLL
      SW

                	
                  SOUTHERN
      BAY OPERATING, LLC

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  1.480400

                	
                  1.115020

                
	
                  INDEPENDENCE
      28-1

                	
                  MUSTANG
      & YUKON

                	
                  PREMIER
      ENERGY LLC

                	
                  CANADIAN

                	
                  OK

                	
                  1.333200

                	
                  1.103210

                
	
                  HUNT
      #1-27 - 1-27

                	
                  RANKEN-KIM

                	
                  RANKEN
      ENERGY CORPORATION

                	
                  MCCLAIN

                	
                  OK

                	
                  2.000000

                	
                  1.560000

                
	
                  MILDRED
      #1-1 - 1-1

                	
                  MUSTANG
      & YUKON

                	
                  PREMIER
      ENERGY LLC

                	
                  CANADIAN

                	
                  OK

                	
                  4.735290

                	
                  3.551470

                
	
                  YULONDA
      29 #2 - 29-2

                	
                  WALKER-CLEVELAND

                	
                  KEITH
      F WALKER

                	
                  ELLIS

                	
                  OK

                	
                  1.234380

                	
                  0.896140

                
	
                  ARMSTRONG
      #08 - 8020

                	
                  ZEPHYR-STILES
      RANCH

                	
                  ZEPHYR
      OPERATING LLC

                	
                  WHEELER

                	
                  TX

                	
                  2.474240

                	
                  1.837910

                
	
                  WEIDEMANN
      1-11

                	
                  MUSTANG
      & YUKON

                	
                  GDA
      INVESTMENTS INCORPORATED

                	
                  CANADIAN

                	
                  OK

                	
                  1.083330

                	
                  0.866670

                
	
                  BIG
      CHIEF #6 - 6

                	
                  BIG
      CHIEF

                	
                  DINERO
      OPERATING CO

                	
                  EDDY

                	
                  NM

                	
                  1.050000

                	
                  0.831150

                
	
                  KORCZAK
      #1 - 1

                	
                  LUSK

                	
                  NADEL
      & GUSSMAN PERMIAN LLC

                	
                  LEA

                	
                  NM

                	
                  3.216520

                	
                  2.626770

                
	
                  HOFFMAN
      1-27

                	
                  DILL
      CITY

                	
                  MARATHON
      OIL COMPANY

                	
                  WASHITA

                	
                  OK

                	
                  0.472660

                	
                  0.354490

                
	
                  FILLINGIM
      88-10 - 10

                	
                  BUFFALO
      WALLOW

                	
                  LINN
      OPERATING INC.

                	
                  HEMPHILL

                	
                  TX

                	
                  0.963410

                	
                  0.761090

                
	
                  CAMPBELL
      #1 - 1

                	
                  NEWARK
      EAST

                	
                  HARDING
      COMPANY

                	
                  PARKER

                	
                  TX

                	
                  1.250000

                	
                  0.937500

                

        

         

        
          
            
            

          

          
            Page 11
of 12

            
              

            

          

          
            
            

          

           

        

        
          	

                  Case
      Name

                	

                  FIELD

                	

                  Operator

                	

                  COUNTY

                	

                  STATE

                	

                  WI
      %

                	

                  RI
      %

                
	
                  MEADOWS
      4-03 - 3

                	
                  BUFFALO
      WALLOW

                	
                  ELAND
      ENERGY

                	
                  HEMPHILL

                	
                  TX

                	
                  1.500000

                	
                  1.162500

                
	
                  BETTY
      LOU#1-21 - 1-21

                	
                  STERLING

                	
                  SOUTHERN
      BAY OPERATING, LLC

                	
                  COMANCHE

                	
                  OK

                	
                  2.500000

                	
                  1.900000

                
	
                  LILLIE
      #1-33 - 1-33

                	
                  WATONGA
      WEST

                	
                  ZEPHYR
      OPERATING LLC

                	
                  BLAINE

                	
                  OK

                	
                  1.920000

                	
                  1.536000

                
	
                  HATCHER
      #1-35 - 1-35

                	
                  ZEPHYR-PRUE
      SPRINGER

                	
                  ZEPHYR
      OPERATING LLC

                	
                  CANADIAN

                	
                  OK

                	
                  3.125000

                	
                  2.500000

                
	
                  ROSE
      #1-33 - 1-33

                	
                  BERWYN
      SYNCLINE

                	
                  L E
      JONES OPERATING INC

                	
                  CARTER

                	
                  OK

                	
                  2.536980

                	
                  2.041070

                
	
                  WALKER,
      P. ET AL - 6

                	
                  QUITO

                	
                  ANADARKO
      PETROLEUM CORPORATION

                	
                  WARD

                	
                  TX

                	
                  0.519670

                	
                  0.454710

                
	
                  NECTAR
      1-52 - 1

                	
                  KELTON
      EAST

                	
                  BP
      AMERICA PRODUCTION CO

                	
                  WHEELER

                	
                  TX

                	
                  0.000001

                	
                  0.005250

                
	
                  MCKNIGHT,
      MB B-2 - MULTI

                	
                  SAND
      HILLS

                	
                  BURNETT
      OIL CO INC

                	
                  CRANE

                	
                  TX

                	
                  2.309010

                	
                  1.731770

                
	
                  FARRIS
      J7 #1-22 - 1-22

                	
                  DILL
      CITY

                	
                  JMA
      ENERGY COMPANY LLC

                	
                  WASHITA

                	
                  OK

                	
                  3.125000

                	
                  2.476560

                
	
                  FILLINGIM
      88-05 - 5

                	
                  BUFFALO
      WALLOW

                	
                  LINN
      OPERATING INC.

                	
                  HEMPHILL

                	
                  TX

                	
                  1.029530

                	
                  0.813990

                
	
                  CURTISS,
      JEFF #1 - 1

                	
                  RAMIRENA

                	
                  MOSBACHER
      ENERGY COMPANY

                	
                  LIVE
      OAK

                	
                  TX

                	
                  3.694450

                	
                  2.955560

                
	
                  FERRELL
      A-11 - 11

                	
                  RAMIRENA

                	
                  MOSBACHER
      ENERGY COMPANY

                	
                  LIVE
      OAK

                	
                  TX

                	
                  3.694450

                	
                  2.828560

                
	
                  YATES
      20-10 #1 - 1

                	
                  JAYNESVILLE

                	
                  PALMER
      PETROLEUM INC.

                	
                  COVINGTON

                	
                  MS

                	
                  0.109810

                	
                  0.092540

                
	
                  RABB
      JA #2 - 002AL

                	
                  CHOUDRANT
      SOUTH

                	
                  PALMER
      PETROLEUM INC.

                	
                  LINCOLN

                	
                  LA

                	
                  0.640000

                	
                  0.483200

                
	
                  WRIGHT
      33-3

                	
                  MUSTANG
      & YUKON

                	
                  PREMIER
      ENERGY LLC

                	
                  CANADIAN

                	
                  OK

                	
                  1.992990

                	
                  1.497700

                
	
                  OBENCHAIN
      A2 - A2

                	
                  NEWARK
      EAST

                	
                  RANGE
      RESOURCES

                	
                  DENTON

                	
                  TX

                	
                  0.625000

                	
                  0.462500

                
	
                  OBENCHAIN
      E1 - E1

                	
                  NEWARK
      EAST

                	
                  RANGE
      RESOURCES

                	
                  DENTON

                	
                  TX

                	
                  0.625000

                	
                  0.462500

                
	
                  BREEDLOVE
      LOC B-47

                	
                  BREEDLOVE

                	
                  ROFF
      OPERATING COMPANY

                	
                  MARTIN

                	
                  TX

                	
                  0.229490

                	
                  0.195810

                
	
                  MAGPIE
      #1-4 - 1-4

                	
                  REYDON

                	
                  SOUTHERN
      BAY OPERATING, LLC

                	
                  ROGER
      MILLS

                	
                  OK

                	
                  1.464840

                	
                  1.112650

                
	
                  HANNEMAN
      #1-36 - 1-36

                	
                  EL
      RENO

                	
                  UNITED
      PRODUCTION CO

                	
                  CANADIAN

                	
                  OK

                	
                  0.875000

                	
                  0.652930

                
	
                  MADBULL
      #1-35 - 1-35

                	
                  EL
      RENO

                	
                  UNITED
      PRODUCTION CO

                	
                  CANADIAN

                	
                  OK

                	
                  0.625000

                	
                  0.467500

                
	
                  BOUTTE,
      CHARLIE #2 & YOUNG E #1 - 2

                	
                  BEACONS
      GULLY

                	
                  WAGNER
      OIL COMPANY

                	
                  EVANGELINE

                	
                  LA

                	
                  1.472650

                	
                  1.095760

                
	
                  SEMITROPIC
      #1 PUD - 1-1

                	
                  SEMITROPIC

                	
                  PREMIER
      ENERGY LLC

                	
                  MONTREY

                	
                  CA

                	
                  3.529410

                	
                  2.647060

                
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	
                  Total
      Bid

                

        

      

       

      
        
          
          

        

        
          Page 12
of 12January
19, 2010

     

    Mr. H.
Walt Dunagin

    Executive
Vice President

    Reef Oil
& Gas Partners, L.P.

    Reef
Exploration, L.P.

    1901
North Central Expressway, Suite 300

    Richardson,
Texas 75080

     

    Re:     Post
Closing PUDs

     

    Dear
Walt:

     

    Reference
is made to that certain Purchase and Sale Agreement dated December 18, 2009 and
effective as of December 1, 2009 by and between RCWI, L.P. (“Buyer”) and Azalea
Properties, Ltd. (“Seller”) providing
for the purchase by Buyer of certain assets of Seller (the “PSA”). All
capitalized terms used herein and not otherwise defined shall have the meanings
set forth in the PSA.

     

    This
Letter Agreement (“Letter”) shall set
forth the understanding of Buyer and Seller with regard to the Proven
Undeveloped (“PUD’s”)
opportunities.

     

    By their
execution hereof, Buyer and Seller agree as follows:

     

    1.           Pursuant
to Section 2.02(a) of the PSA, the Purchase Price to be paid by Buyer to Seller
at Closing shall be adjusted upward by the amount of $966,897.00, representing
the allocated value of the PUD’s for which Seller has provided supporting
documentation as of the Closing Date.

     

    2.           Commencing
on the Closing Date and ending ninety (90) days thereafter (the “Post Closing
Period”), Seller shall use commercially reasonable efforts to provide
Buyer with additional land maps and documentation evidencing Seller’s ownership
in the leaseholds where the individual PUD’s are located (the “PUD Documentation”)
for the properties set forth on Exhibit A hereto.
Upon receipt of the PUD Documentation, but in no event later than five (5) days
following expiration of the Post Closing Period, Buyer shall prepare and provide
to Seller an updated Exhibit D to the PSA
showing the revised calculation of the allocated value of the
PUD’s.

     

    3.           Buyer
and Seller shall, within five (5) days following receipt by Seller of the
revised Exhibit D, enter into good faith negotiations regarding the revised
calculation of the allocated value of the PUD’s (the “PUD Price Increase”).
Within five (5) days following agreement by Seller and Buyer of the PUD Price
Increase, Buyer shall pay to Seller the amount of such PUD Price Increase, in
immediately available funds, via wire transfer as set forth in the Settlement
Statement.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      
        
          	
                  Very
      truly yours,

                
	 
      
	
                  Azalea
      Properties, Ltd.

                
	 
      	 
      
	
                  By: 

                	
                  Maple
      Ridge Property Company

                
	 
      	
                  Its
      sole general partner

                
	 
      	 
      	 
      
	 
      	
                  By: 

                	
                  /s/ Frances
      Marianne Talbot

                
	 
      	 
      	
                  Frances
      Marianne Talbot

                
	 
      	 
      	
                  President

                

        

      

    

     

    Accepted
and Agreed to

    this 19
day of January 2010:

     

    
      
        
          	
                  RCWI,
      L.P.

                
	 
      	 
      
	
                  By: 

                	
                  RCWI,
      GP, LLC

                
	 
      	
                  Its
      general partner

                
	 
      	 
      	 
      
	 
      	
                  By: 

                	
                  /s/ Michael J Mauceli

                
	 
      	 
      	
                  Michael
      J Mauceli, Manager

                

        

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Exhibit A

     

    PUDS

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Exhibit
A (Post Closing Value to be Established)

    Attached to that certain Letter Agreement, dated January
19, 2010 by and between Azalea Properties, Ltd. and RCWI,
L.P.

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        	
                                                Case Name

                                              	 	
                                                New

                                                Resv

                                                Cat

                                              	 	
                                                OPERATOR

                                              	 	
                                                COUNTY

                                              	 	
                                                STATE

                                              	 	
                                                MAJOR

                                              	 	
                                                WI

                                              	 	
                                                RI

                                              	 	
                                                Reef Value

                                                PV 0

                                              	 
	
                                                CLEVELAND
      4 PUD

                                              	 	
                                                PUD

                                              	 	
                                                ZEPHYR
      OPERATING LLC

                                              	 	
                                                HEMPHILL

                                              	 	
                                                TX

                                              	 	
                                                GAS

                                              	 	 	4.2	 	 	4.98701	 	 	0.000	 
	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 	 	 
	
                                                COOT
      MOORE PUD #2

                                              	 	
                                                PUD

                                              	 	
                                                MOSBACHER
      ENERGY COMPANY

                                              	 	
                                                COVINGTON

                                              	 	
                                                MS

                                              	 	
                                                OIL

                                              	 	 	1.875	 	 	1.5	 	 	 	 
	
                                                COOT
      MOORE PUD #1

                                              	 	
                                                PUD

                                              	 	
                                                MOSBACHER
      ENERGY COMPANY

                                              	 	
                                                COVINGTON

                                              	 	
                                                MS

                                              	 	
                                                OIL

                                              	 	 	1.875	 	 	1.5	 	 	 	 
	
                                                SECTION
      09 PUD 06 - 6

                                              	 	
                                                PUD

                                              	 	
                                                ZEPHYR
      OPERATING LLC

                                              	 	
                                                ROGER
      MILLS

                                              	 	
                                                OK

                                              	 	
                                                GAS

                                              	 	 	6.375	 	 	4.9725	 	 	0.000	 
	
                                                SECTION
      09 PUD 05 - 5

                                              	 	
                                                PUD

                                              	 	
                                                ZEPHYR
      OPERATING LLC

                                              	 	
                                                ROGER
      MILLS

                                              	 	
                                                OK

                                              	 	
                                                GAS

                                              	 	 	6.375	 	 	4.9725	 	 	0.000	 
	
                                                SECTION
      10 PUD 07 - 7

                                              	 	
                                                PUD

                                              	 	
                                                ZEPHYR
      OPERATING LLC

                                              	 	
                                                ROGER
      MILLS

                                              	 	
                                                OK

                                              	 	
                                                GAS

                                              	 	 	6.375	 	 	4.9725	 	 	0.000	 
	
                                                SECTION
      09 PUD 04 - 4

                                              	 	
                                                PUD

                                              	 	
                                                ZEPHYR
      OPERATING LLC

                                              	 	
                                                ROGER
      MILLS

                                              	 	
                                                OK

                                              	 	
                                                GAS

                                              	 	 	6.375	 	 	4.9725	 	 	0.000	 
	
                                                SAYRE
      RANCH SEC 5 #6-5 PUD

                                              	 	
                                                PUD

                                              	 	
                                                ZEPHYR

                                              	 	
                                                ROGER
      MILLS

                                              	 	
                                                OK

                                              	 	
                                                GAS

                                              	 	 	6	 	 	4.68	 	 	0.000	 
	
                                                INDIANOLA
      PUDS 1-10

                                              	 	
                                                PUD

                                              	 	
                                                THE
      CUMMINGS COMPANY

                                              	 	
                                                ERATH

                                              	 	
                                                TX

                                              	 	
                                                GAS

                                              	 	 	3.75	 	 	2.8125	 	 	 	 
	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 	 	 
	
                                                PUD
      1-H

                                              	 	
                                                PUD

                                              	 	
                                                CHESAPEAKE
      OPERATING INC

                                              	 	
                                                WASHITA

                                              	 	
                                                OK

                                              	 	
                                                GAS

                                              	 	 	1.61989	 	 	1.21492	 	 	 	 
	
                                                WEDMAN
      #4 PUD (Offset To Ro

                                              	 	
                                                PUD

                                              	 	
                                                PREMIER
      ENERGY LLC

                                              	 	
                                                CANADIAN

                                              	 	
                                                OK

                                              	 	
                                                GAS

                                              	 	 	5.375	 	 	4.07916	 	 	 	 
	
                                                SECTION
      10 PUD 08 - 8

                                              	 	
                                                PUD

                                              	 	
                                                ZEPHYR
      OPERATING LLC

                                              	 	
                                                ROGER
      MILLS

                                              	 	
                                                OK

                                              	 	
                                                GAS

                                              	 	 	6.375	 	 	4.9725	 	 	0.000	 
	
                                                SECTION
      09 PUD 03 - 3

                                              	 	
                                                PUD

                                              	 	
                                                ZEPHYR
      OPERATING LLC

                                              	 	
                                                ROGER
      MILLS

                                              	 	
                                                OK

                                              	 	
                                                GAS

                                              	 	 	6.375	 	 	4.9725	 	 	0.000	 
	
                                                SECTION
      89 PUD 01 (Morrow)

                                              	 	
                                                PUD

                                              	 	
                                                ELAND
      ENERGY

                                              	 	
                                                HEMPHILL

                                              	 	
                                                TX

                                              	 	
                                                GAS

                                              	 	 	2.5	 	 	1.875	 	 	0.000	 
	
                                                BILLIE
      DEAN SEC 7 #1-7H PUD

                                              	 	
                                                PUD

                                              	 	
                                                CHESAPEAKE
      OPERATING INC

                                              	 	
                                                ROGER
      MILLS

                                              	 	
                                                OK

                                              	 	
                                                GAS

                                              	 	 	1.90433	 	 	1.59964	 	 	0.000	 
	
                                                SEMITROPIC
      #1 PUD - 1-1

                                              	 	
                                                PUD

                                              	 	
                                                PREMIER
      ENERGY LLC

                                              	 	
                                                MONTREY

                                              	 	
                                                CA

                                              	 	
                                                OIL

                                              	 	 	3.52941	 	 	2.64706	 	 	 	 
	
                                                BLACKSTONE
      MINERALS #1-32

                                              	 	
                                                PUD

                                              	 	
                                                GUNGOLL
      CARL E EXPLORAT

                                              	 	
                                                PEARL
      RIVER

                                              	 	
                                                MS

                                              	 	
                                                GAS

                                              	 	 	5	 	 	3.5	 	 	 	 
	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 	 	 
	
                                                OLSON
      SECTION 27 PUD

                                              	 	
                                                PUD

                                              	 	
                                                B&W
      OPERATING LLC

                                              	 	
                                                ROGER
      MILLS

                                              	 	
                                                OK

                                              	 	
                                                GAS

                                              	 	 	1.82143	 	 	1.36607	 	 	 	 
	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 	 	 
	
                                                PUD
      1

                                              	 	
                                                PUD

                                              	 	
                                                GUNGOLL
      CARL E EXPLORAT

                                              	 	
                                                PEARL
      RIVER

                                              	 	
                                                MS

                                              	 	
                                                OIL

                                              	 	 	2.09559	 	 	1.57169	 	 	 	 
	
                                                BS
      HORIZONTAL PUD 2

                                              	 	
                                                PUD

                                              	 	
                                                L E
      JONES OPERATING INC

                                              	 	
                                                CARTER

                                              	 	
                                                OK

                                              	 	
                                                GAS

                                              	 	 	3.05276	 	 	2.28957	 	 	 	 
	
                                                BS
      HORIZONTAL PUD 3

                                              	 	
                                                PUD

                                              	 	
                                                L E
      JONES OPERATING INC

                                              	 	
                                                CARTER

                                              	 	
                                                OK

                                              	 	
                                                GAS

                                              	 	 	3.05276	 	 	2.28957	 	 	 	 
	
                                                WILLIAM
      29 #6 H PUD

                                              	 	
                                                PUD

                                              	 	
                                                KEITH
      F WALKER

                                              	 	
                                                ELLIS

                                              	 	
                                                OK

                                              	 	
                                                GAS

                                              	 	 	1.23438	 	 	0.89614	 	 	 	 
	
                                                HARTMAN
      #2-9 PUD

                                              	 	
                                                PUD

                                              	 	
                                                QUESTAR
      EXPL & PROD CO

                                              	 	
                                                ROGER
      MILLS

                                              	 	
                                                OK

                                              	 	
                                                GAS

                                              	 	 	1.5	 	 	1.1555	 	 	 	 
	
                                                RUTH
      ANN PUD #2 - 1-35

                                              	 	
                                                PUD

                                              	 	
                                                CONTINENTAL
      RESOURCES II

                                              	 	
                                                BLAINE

                                              	 	
                                                OK

                                              	 	
                                                GAS

                                              	 	 	2.06167	 	 	1.54625	 	 	 	 
	
                                                RUTH
      ANN PUD #1 - 1-35

                                              	 	
                                                PUD

                                              	 	
                                                CONTINENTAL
      RESOURCES II

                                              	 	
                                                BLAINE

                                              	 	
                                                OK

                                              	 	
                                                GAS

                                              	 	 	2.06167	 	 	1.54625	 	 	 	 
	
                                                DOBSON
      RANCH SEC 6 #2-6 PUD

                                              	 	
                                                PUD

                                              	 	
                                                CHESAPEAKE
      OPERATING INC

                                              	 	
                                                ROGER
      MILLS

                                              	 	
                                                OK

                                              	 	
                                                GAS

                                              	 	 	1.89001	 	 	1.53514	 	 	0.000	 
	
                                                DOBSON
      RANCH SEC 6 #3-6 PUD

                                              	 	
                                                PUD

                                              	 	
                                                CHESAPEAKE
      OPERATING INC

                                              	 	
                                                ROGER
      MILLS

                                              	 	
                                                OK

                                              	 	
                                                GAS

                                              	 	 	1.89001	 	 	1.53514	 	 	0.000	 
	
                                                DOBSON
      RANCH SEC 6 #4-6 PUD

                                              	 	
                                                PUD

                                              	 	
                                                CHESAPEAKE
      OPERATING INC

                                              	 	
                                                ROGER
      MILLS

                                              	 	
                                                OK

                                              	 	
                                                GAS

                                              	 	 	1.89001	 	 	1.53514	 	 	0.000	 

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      	
                                              Case Name

                                            	 	
                                              New

                                              Resv

                                              Cat

                                            	 	
                                              OPERATOR

                                            	 	
                                              COUNTY

                                            	 	
                                              STATE

                                            	 	
                                              MAJOR

                                            	 	
                                              WI

                                            	 	
                                              RI

                                            	 	
                                              Reef Value

                                              PV 0

                                            	 
	
                                              MEADOWS
      89-04 PUD

                                            	 	
                                              PUD

                                            	 	
                                              ELAND
      ENERGY

                                            	 	
                                              HEMPHILL

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	3	 	 	2.55	 	 	0.000	 
	
                                              PUD
      1

                                            	 	
                                              PUD

                                            	 	
                                              RANKEN
      ENERGY CORPORAT

                                            	 	
                                              MC
      CLAIN

                                            	 	
                                              OK

                                            	 	
                                              GAS

                                            	 	 	8.85417	 	 	6.64063	 	 	 	 
	
                                              LEON
      #2-09 PUD

                                            	 	
                                              PUD

                                            	 	
                                              SOUTHERN
      BAY OPERATING,

                                            	 	
                                              ROGER
      MILLS

                                            	 	
                                              OK

                                            	 	
                                              GAS

                                            	 	 	2.40949	 	 	1.82445	 	 	 	 
	
                                              TIGER
      PUD #6

                                            	 	
                                              PUD

                                            	 	
                                              GUNGOLL
      CARL E EXPLORAT

                                            	 	
                                              GAINES

                                            	 	
                                              TX

                                            	 	
                                              OIL

                                            	 	 	3	 	 	2.16	 	 	 	 
	
                                              TIGER
      PUD #4

                                            	 	
                                              PUD

                                            	 	
                                              GUNGOLL
      CARL E EXPLORAT

                                            	 	
                                              GAINES

                                            	 	
                                              TX

                                            	 	
                                              OIL

                                            	 	 	3	 	 	2.16	 	 	 	 
	
                                              TIGER
      PUD #5

                                            	 	
                                              PUD

                                            	 	
                                              GUNGOLL
      CARL E EXPLORAT

                                            	 	
                                              GAINES

                                            	 	
                                              TX

                                            	 	
                                              OIL

                                            	 	 	3	 	 	2.16	 	 	 	 
	
                                              TIGER
      PUD #2

                                            	 	
                                              PUD

                                            	 	
                                              GUNGOLL
      CARL E EXPLORAT

                                            	 	
                                              GAINES

                                            	 	
                                              TX

                                            	 	
                                              OIL

                                            	 	 	3	 	 	2.16	 	 	 	 
	
                                              TIGER
      PUD #3

                                            	 	
                                              PUD

                                            	 	
                                              GUNGOLL
      CARL E EXPLORAT

                                            	 	
                                              GAINES

                                            	 	
                                              TX

                                            	 	
                                              OIL

                                            	 	 	3	 	 	2.16	 	 	 	 
	
                                              TIGER
      PUD #1

                                            	 	
                                              PUD

                                            	 	
                                              GUNGOLL
      CARL E EXPLORAT

                                            	 	
                                              GAINES

                                            	 	
                                              TX

                                            	 	
                                              OIL

                                            	 	 	3	 	 	2.16	 	 	 	 
	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 	 	 
	
                                              GATLIN
      3-14 PUD

                                            	 	
                                              PUD

                                            	 	
                                              ELAND
      ENERGY

                                            	 	
                                              HEMPHILL

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	2.5	 	 	2.125	 	 	0.000	 
	
                                              BLACKSTONE
      MINERALS #1-30

                                            	 	
                                              PUD

                                            	 	
                                              GUNGOLL
      CARL E EXPLORAT

                                            	 	
                                              PEARL
      RIVER

                                            	 	
                                              MS

                                            	 	
                                              GAS

                                            	 	 	5	 	 	3.5	 	 	 	 
	
                                              LEON
      #1-09 PUD

                                            	 	
                                              PUD

                                            	 	
                                              SOUTHERN
      BAY OPERATING,

                                            	 	
                                              ROGER
      MILLS

                                            	 	
                                              OK

                                            	 	
                                              GAS

                                            	 	 	2.40949	 	 	1.82445	 	 	 	 
	
                                              BUCKTHAL
      #3-25 PUD

                                            	 	
                                              PUD

                                            	 	
                                              FOREST
      OIL CORPORATION

                                            	 	
                                              HEMPHILL

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	2.0625	 	 	1.55375	 	 	 	 
	
                                              BOSWELL
      #2-11 PUD

                                            	 	
                                              PUD

                                            	 	
                                              SOUTHERN
      BAY OPERATING,

                                            	 	
                                              ROGER
      MILLS

                                            	 	
                                              OK

                                            	 	
                                              GAS

                                            	 	 	2.40949	 	 	1.82445	 	 	 	 
	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 	 	 
	
                                              MEADOWS
      89-05 PUD

                                            	 	
                                              PUD

                                            	 	
                                              ELAND
      ENERGY

                                            	 	
                                              HEMPHILL

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	2.5	 	 	2.125	 	 	0.000	 
	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 	 	 
	
                                              CIMARRON
      SAM FEDERAL 5-1

                                            	 	
                                              PUD

                                            	 	
                                              KEITH
      F WALKER

                                            	 	
                                              MEADE

                                            	 	
                                              KS

                                            	 	
                                              GAS

                                            	 	 	3.75	 	 	2.8125	 	 	 	 
	
                                              BOSWELL
      #3-11 PUD

                                            	 	
                                              PUD

                                            	 	
                                              SOUTHERN
      BAY OPERATING,

                                            	 	
                                              ROGER
      MILLS

                                            	 	
                                              OK

                                            	 	
                                              GAS

                                            	 	 	2.40949	 	 	1.82445	 	 	 	 
	
                                              MEADOWS
      89-02 PUD

                                            	 	
                                              PUD

                                            	 	
                                              ELAND
      ENERGY

                                            	 	
                                              HEMPHILL

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	2.5	 	 	2.125	 	 	0.000	 
	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 	 	 
	
                                              MCKNIGHT
      PUD 2 SECTION 5

                                            	 	
                                              PUD

                                            	 	
                                              BURNETT
      OIL CO INC

                                            	 	
                                              CRANE

                                            	 	
                                              TX

                                            	 	
                                              OIL

                                            	 	 	2.30901	 	 	1.87608	 	 	 	 
	
                                              MCKNIGHT
      PUD 1 SECTION 5

                                            	 	
                                              PUD

                                            	 	
                                              BURNETT
      OIL CO INC

                                            	 	
                                              CRANE

                                            	 	
                                              TX

                                            	 	
                                              OIL

                                            	 	 	2.30901	 	 	1.87608	 	 	 	 
	
                                              Cay
      1-1 TWIN PUD - 1-3

                                            	 	
                                              PUD

                                            	 	
                                              PREMIER
      ENERGY LLC

                                            	 	
                                              CANADIAN

                                            	 	
                                              OK

                                            	 	
                                              GAS

                                            	 	 	3.75	 	 	2.8125	 	 	 	 
	
                                              SECTION
      58 SENE PUD

                                            	 	
                                              PUD

                                            	 	
                                              APACHE
      CORP

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	0.5249	 	 	0.37793	 	 	0.000	 
	
                                              SECTION
      58 SESE PUD

                                            	 	
                                              PUD

                                            	 	
                                              APACHE
      CORP

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	0.5249	 	 	0.37793	 	 	0.000	 
	
                                              BREEDLOVE
      LOC B-46 PUD

                                            	 	
                                              PUD

                                            	 	
                                              ROFF
      OPERATING COMPANY

                                            	 	
                                              MARTIN

                                            	 	
                                              TX

                                            	 	
                                              OIL

                                            	 	 	0.22949	 	 	0.19581	 	 	 	 
	
                                              LEON
      #2-10 PUD

                                            	 	
                                              PUD

                                            	 	
                                              SOUTHERN
      BAY OPERATING,

                                            	 	
                                              ROGER
      MILLS

                                            	 	
                                              OK

                                            	 	
                                              GAS

                                            	 	 	1.4804	 	 	1.11502	 	 	 	 
	
                                              LOCATION
      #07 PUD

                                            	 	
                                              PUD

                                            	 	
                                              CABOT
      OIL & GAS CORP

                                            	 	
                                              MCMULLEN

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	6.23438	 	 	4.67495	 	 	 	 
	
                                              BREEDLOVE
      LOC B-42 PUD

                                            	 	
                                              PUD

                                            	 	
                                              ROFF
      OPERATING COMPANY

                                            	 	
                                              MARTIN

                                            	 	
                                              TX

                                            	 	
                                              OIL

                                            	 	 	0.22949	 	 	0.19581	 	 	 	 
	
                                              KAECHELE
      #1 PUD

                                            	 	
                                              PUD

                                            	 	
                                              H L
      BROWN OPERATING CO

                                            	 	
                                              COLORADO

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	1.56706	 	 	1.33185	 	 	 	 
	
                                              SECTION
      58 NWSE PUD

                                            	 	
                                              PUD

                                            	 	
                                              APACHE
      CORP

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	0.5249	 	 	0.37793	 	 	0.000	 
	
                                              ADAM
      #28-2 PUD

                                            	 	
                                              PUD

                                            	 	
                                              KEITH
      F WALKER

                                            	 	
                                              MEADE

                                            	 	
                                              KS

                                            	 	
                                              GAS

                                            	 	 	1.5625	 	 	1.17522	 	 	 	 
	
                                              WILL
      4-1

                                            	 	
                                              PUD

                                            	 	
                                              KEITH
      F WALKER

                                            	 	
                                              MEADE

                                            	 	
                                              KS

                                            	 	
                                              GAS

                                            	 	 	1.5625	 	 	1.17522	 	 	 	 

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      	
                                              Case Name

                                            	 	
                                              New

                                              Resv

                                              Cat

                                            	 	
                                              OPERATOR

                                            	 	
                                              COUNTY

                                            	 	
                                              STATE

                                            	 	
                                              MAJOR

                                            	 	
                                              WI

                                            	 	
                                              RI

                                            	 	
                                              Reef Value

                                              PV 0

                                            	 
	
                                              MCKNIGHT
      PUD 3 SECTION 5

                                            	 	
                                              PUD

                                            	 	
                                              BURNETT
      OIL CO INC

                                            	 	
                                              CRANE

                                            	 	
                                              TX

                                            	 	
                                              OIL

                                            	 	 	2.30901	 	 	1.87608	 	 	 
	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 	 
	
                                              BUCKINGHAM
      205 - 2-5

                                            	 	
                                              PUD

                                            	 	
                                              SANGUINE

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              OIL

                                            	 	 	0.5249	 	 	0.41073	 	 	0.000	 
	
                                              PATTY
      #2-33 PUD

                                            	 	
                                              PUD

                                            	 	
                                              RANKEN
      ENERGY CORPORAT

                                            	 	
                                              MCCLAIN

                                            	 	
                                              OK

                                            	 	
                                              OIL

                                            	 	 	2.525	 	 	1.9695	 	 	 	 
	
                                              LEE
      #4-3 PUD

                                            	 	
                                              PUD

                                            	 	
                                              CHESAPEAKE
      OPERATING INC

                                            	 	
                                              HEMPHILL

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	1.3125	 	 	0.98438	 	 	 	 
	
                                              AB&M
      SECTION 6 SENE PUD

                                            	 	
                                              PUD

                                            	 	
                                              APACHE
      CORP

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	0.5249	 	 	0.41073	 	 	0.000	 
	
                                              AB&M
      SECTION 5 NWSW PUD

                                            	 	
                                              PUD

                                            	 	
                                              APACHE
      CORP

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	0.5249	 	 	0.41073	 	 	0.000	 
	
                                              SECTION
      59 SWSE PUD

                                            	 	
                                              PUD

                                            	 	
                                              APACHE
      CORP

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	0.5249	 	 	0.37793	 	 	0.000	 
	
                                              LOCATION
      #08 PUD

                                            	 	
                                              PUD

                                            	 	
                                              CABOT
      OIL & GAS CORP

                                            	 	
                                              MCMULLEN

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	5.19531	 	 	3.89358	 	 	 	 
	
                                              SECTION
      58 SESW PUD

                                            	 	
                                              PUD

                                            	 	
                                              APACHE
      CORP

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	0.5249	 	 	0.37793	 	 	0.000	 
	
                                              SOUTHFORK
      PUD

                                            	 	
                                              PUD

                                            	 	
                                              CHESAPEAKE
      OPERATING INC

                                            	 	
                                              CANADIAN

                                            	 	
                                              OK

                                            	 	
                                              GAS

                                            	 	 	1.5625	 	 	1.17188	 	 	 	 
	
                                              ROWEN
      #2-6 PUD

                                            	 	
                                              PUD

                                            	 	
                                              SOUTHERN
      BAY OPERATING,

                                            	 	
                                              ROGER
      MILLS

                                            	 	
                                              OK

                                            	 	
                                              OIL

                                            	 	 	1.33403	 	 	1.00052	 	 	 	 
	
                                              PUD
      2 - 1-5

                                            	 	
                                              PUD

                                            	 	
                                              APACHE
      CORPORATION

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              OIL

                                            	 	 	0.5249	 	 	0.41073	 	 	0.000	 
	
                                              PUD
      1 - 1-5

                                            	 	
                                              PUD

                                            	 	
                                              APACHE
      CORPORATION

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              OIL

                                            	 	 	0.5249	 	 	0.41073	 	 	0.000	 
	
                                              MARCUM
      #4-28 PUD

                                            	 	
                                              PUD

                                            	 	
                                              RANKEN
      ENERGY CORPORAT

                                            	 	
                                              MCCLAIN

                                            	 	
                                              OK

                                            	 	
                                              OIL

                                            	 	 	2	 	 	1.56	 	 	 	 
	
                                              PATTY
      #4-33 PUD

                                            	 	
                                              PUD

                                            	 	
                                              RANKEN
      ENERGY CORPORAT

                                            	 	
                                              MCCLAIN

                                            	 	
                                              OK

                                            	 	
                                              OIL

                                            	 	 	2	 	 	1.56	 	 	 	 
	
                                              LODE
      #1 PUD

                                            	 	
                                              PUD

                                            	 	
                                              KEITH
      F WALKER

                                            	 	
                                              MEADE

                                            	 	
                                              KS

                                            	 	
                                              GAS

                                            	 	 	1.5625	 	 	1.17522	 	 	 	 
	
                                              FILLINGIM
      88-11 PUD

                                            	 	
                                              PUD

                                            	 	
                                              LINN
      OPERATING INC.

                                            	 	
                                              HEMPHILL

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	0.96341	 	 	0.76109	 	 	0.000	 
	
                                              SECTION
      59 NESE PUD

                                            	 	
                                              PUD

                                            	 	
                                              APACHE
      CORP

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	0.5249	 	 	0.37793	 	 	0.000	 
	
                                              RENO
      27-1 PUD

                                            	 	
                                              PUD

                                            	 	
                                              KEITH
      F WALKER

                                            	 	
                                              MEADE

                                            	 	
                                              KS

                                            	 	
                                              GAS

                                            	 	 	1.5625	 	 	1.17522	 	 	 	 
	
                                              JUANITA
      EMMETT #2-1 PUD

                                            	 	
                                              PUD

                                            	 	
                                              SOUTHERN
      BAY OPERATING,

                                            	 	
                                              ROGER
      MILLS

                                            	 	
                                              OK

                                            	 	
                                              OIL

                                            	 	 	1.25	 	 	0.96875	 	 	 	 
	
                                              COLTHARP
      2-58 - 2-58

                                            	 	
                                              PUD

                                            	 	
                                              SANGUINE
      GAS EXPLORATIO

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              OIL

                                            	 	 	0.5249	 	 	0.37793	 	 	0.000	 
	
                                              WILLIAM
      29 #5 H PUD

                                            	 	
                                              PUD

                                            	 	
                                              KEITH
      F WALKER

                                            	 	
                                              ELLIS

                                            	 	
                                              OK

                                            	 	
                                              GAS

                                            	 	 	1.23438	 	 	0.89614	 	 	 	 
	
                                              AB&M
      SECTION 5 SESE PUD

                                            	 	
                                              PUD

                                            	 	
                                              APACHE
      CORP

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	0.5249	 	 	0.41073	 	 	0.000	 
	
                                              HOGAN
      #1 PUD

                                            	 	
                                              PUD

                                            	 	
                                              KEITH
      F WALKER

                                            	 	
                                              MEADE

                                            	 	
                                              KS

                                            	 	
                                              GAS

                                            	 	 	1.5625	 	 	1.17522	 	 	 	 
	
                                              PONDEROSA
      #33-02 PUD

                                            	 	
                                              PUD

                                            	 	
                                              KEITH
      F WALKER

                                            	 	
                                              MEADE

                                            	 	
                                              KS

                                            	 	
                                              GAS

                                            	 	 	1.5625	 	 	1.17522	 	 	 	 
	
                                              BONANZA
      28-1 PUD

                                            	 	
                                              PUD

                                            	 	
                                              KEITH
      F WALKER

                                            	 	
                                              MEADE

                                            	 	
                                              KS

                                            	 	
                                              GAS

                                            	 	 	1.5625	 	 	1.17522	 	 	 	 
	
                                              CHEROKEE
      PUD SEC 59 NENE

                                            	 	
                                              PUD

                                            	 	
                                              APACHE
      CORP

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	0.5249	 	 	0.37793	 	 	0.000	 
	
                                              MARCUM
      #3-28 PUD

                                            	 	
                                              PUD

                                            	 	
                                              RANKEN
      ENERGY CORPORAT

                                            	 	
                                              MCCLAIN

                                            	 	
                                              OK

                                            	 	
                                              OIL

                                            	 	 	2	 	 	1.56	 	 	 	 
	
                                              LITTLE
      JOE 28-2 PUD

                                            	 	
                                              PUD

                                            	 	
                                              KEITH
      F WALKER

                                            	 	
                                              MEADE

                                            	 	
                                              KS

                                            	 	
                                              GAS

                                            	 	 	1.5625	 	 	1.17522	 	 	 	 
	
                                              MARCUM
      #2-28 PUD

                                            	 	
                                              PUD

                                            	 	
                                              RANKEN
      ENERGY CORPORAT

                                            	 	
                                              MCCLAIN

                                            	 	
                                              OK

                                            	 	
                                              OIL

                                            	 	 	2	 	 	1.56	 	 	 	 
	
                                              CAROLYN
      105

                                            	 	
                                              PUD

                                            	 	
                                              SANGUINE
      GAS EXPLORATIO

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              OIL

                                            	 	 	0.5249	 	 	0.37793	 	 	0.000	 
	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 	 	 
	
                                              BROWN
      205 - 2-5

                                            	 	
                                              PUD

                                            	 	
                                              SANGUINE
      GAS EXPLORATIO

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              OIL

                                            	 	 	0.375	 	 	0.29211	 	 	0.000	 
	
                                              PATTY
      #3-33 PUD

                                            	 	
                                              PUD

                                            	 	
                                              RANKEN
      ENERGY CORPORAT

                                            	 	
                                              MCCLAIN

                                            	 	
                                              OK

                                            	 	
                                              OIL

                                            	 	 	2	 	 	1.56	 	 	 	 
	
                                              SIDNEY
      2-2 SESE PUD

                                            	 	
                                              PUD

                                            	 	
                                              APACHE
      CORPORATION

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	0.5249	 	 	0.40747	 	 	0.000	 
	
                                              SECTION
      58 NWSW PUD

                                            	 	
                                              PUD

                                            	 	
                                              APACHE
      CORP

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	0.5249	 	 	0.37793	 	 	0.000	 
	
                                              AB&M
      SECTION 6 NWNE PUD

                                            	 	
                                              PUD

                                            	 	
                                              APACHE
      CORP

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	0.5249	 	 	0.41073	 	 	0.000	 

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      	
                                              Case Name

                                            	 	
                                              New

                                              Resv

                                              Cat

                                            	 	
                                              OPERATOR

                                            	 	
                                              COUNTY

                                            	 	
                                              STATE

                                            	 	
                                              MAJOR

                                            	 	
                                              WI

                                            	 	
                                              RI

                                            	 	
                                              Reef Value

                                              PV 0

                                            	 
	
                                              AB&M
      SECTION 5 SESW PUD

                                            	 	
                                              PUD

                                            	 	
                                              APACHE
      CORP

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	0.5249	 	 	0.41073	 	 	0.000	 
	
                                              MORRIS
      #2-6 PUD

                                            	 	
                                              PUD

                                            	 	
                                              SOUTHERN
      BAY OPERATING,

                                            	 	
                                              ROGER
      MILLS

                                            	 	
                                              OK

                                            	 	
                                              OIL

                                            	 	 	1.06722	 	 	0.80042	 	 	 	 
	
                                              HOSS
      21-3 PUD

                                            	 	
                                              PUD

                                            	 	
                                              KEITH
      F WALKER

                                            	 	
                                              MEADE

                                            	 	
                                              KS

                                            	 	
                                              GAS

                                            	 	 	1.5625	 	 	1.17522	 	 	 	 
	
                                              RAY,
      G. F. #1 PUD

                                            	 	
                                              PUD

                                            	 	
                                              BURK
      ROYALTY CO

                                            	 	
                                              UPSHUR

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	1.875	 	 	1.40625	 	 	 	 
	
                                              LOCATION
      #02 PUD

                                            	 	
                                              PUD

                                            	 	
                                              CABOT
      OIL & GAS CORP

                                            	 	
                                              MCMULLEN

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	3.11719	 	 	2.33415	 	 	 	 
	
                                              PUD
      11 - PUD11

                                            	 	
                                              PUD

                                            	 	
                                              RANKEN
      ENERGY CORPORAT

                                            	 	
                                              MC
      CLAIN

                                            	 	
                                              OK

                                            	 	
                                              GAS

                                            	 	 	2	 	 	1.56	 	 	 	 
	
                                              PUD
      10 - PUD10

                                            	 	
                                              PUD

                                            	 	
                                              RANKEN
      ENERGY CORPORAT

                                            	 	
                                              MC
      CLAIN

                                            	 	
                                              OK

                                            	 	
                                              GAS

                                            	 	 	2	 	 	1.56	 	 	 	 
	
                                              PUD
      09 - PUD9

                                            	 	
                                              PUD

                                            	 	
                                              RANKEN
      ENERGY CORPORAT

                                            	 	
                                              MC
      CLAIN

                                            	 	
                                              OK

                                            	 	
                                              GAS

                                            	 	 	2	 	 	1.56	 	 	 	 
	
                                              PUD
      08 - PUD8

                                            	 	
                                              PUD

                                            	 	
                                              RANKEN
      ENERGY CORPORAT

                                            	 	
                                              MC
      CLAIN

                                            	 	
                                              OK

                                            	 	
                                              GAS

                                            	 	 	2	 	 	1.56	 	 	 	 
	
                                              PUD
      07 - PUD7

                                            	 	
                                              PUD

                                            	 	
                                              RANKEN
      ENERGY CORPORAT

                                            	 	
                                              MC
      CLAIN

                                            	 	
                                              OK

                                            	 	
                                              GAS

                                            	 	 	2	 	 	1.56	 	 	 	 
	
                                              SECTION
      59 NENE PUD

                                            	 	
                                              PUD

                                            	 	
                                              APACHE
      CORP

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	0.5249	 	 	0.37793	 	 	0.000	 
	
                                              CHEROKEE
      PUD SEC 59 NENW

                                            	 	
                                              PUD

                                            	 	
                                              APACHE
      CORP

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	0.5249	 	 	0.37793	 	 	0.000	 
	
                                              HUNT
      #2-27 PUD

                                            	 	
                                              PUD

                                            	 	
                                              RANKEN
      ENERGY CORPORAT

                                            	 	
                                              MCCLAIN

                                            	 	
                                              OK

                                            	 	
                                              OIL

                                            	 	 	2	 	 	1.56	 	 	 	 
	
                                              CHEROKEE
      PUD SEC 59 SWNE

                                            	 	
                                              PUD

                                            	 	
                                              APACHE
      CORP

                                            	 	
                                              WHEELER

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	0.5249	 	 	0.37793	 	 	0.000	 
	
                                              OBENCHAIN
      D3H PUD

                                            	 	
                                              PUD

                                            	 	
                                              RANGE
      RESOURCES

                                            	 	
                                              DENTON

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	0.625	 	 	0.4625	 	 	 	 
	
                                              WEYERHAEUSER
      24-15 1 PUD

                                            	 	
                                              PUD

                                            	 	
                                              TELLUS
      OPERATING GROUP

                                            	 	
                                              JEFF
      DAV

                                            	 	
                                              MS

                                            	 	
                                              GAS

                                            	 	 	0.17578	 	 	0.1292	 	 	 	 
	
                                              OBENCHAIN
      D4H PUD

                                            	 	
                                              PUD

                                            	 	
                                              RANGE
      RESOURCES

                                            	 	
                                              DENTON

                                            	 	
                                              TX

                                            	 	
                                              GAS

                                            	 	 	0.625	 	 	0.4625	 	 	 	 
	
                                              SHIRAZ
      1 PUD - 1

                                            	 	
                                              PUD

                                            	 	
                                              TELLUS
      OPERATING GROUP

                                            	 	
                                              JEFF
      DAV

                                            	 	
                                              MS

                                            	 	
                                              GAS

                                            	 	 	0.1296	 	 	0.11795	 	 	 	 
	
                                              CORDES
      2-15 PUD - 1-15

                                            	 	
                                              PUD

                                            	 	
                                              LINN
      OPERATING INC.

                                            	 	
                                              CUSTER

                                            	 	
                                              OK

                                            	 	
                                              GAS

                                            	 	 	0.13365	 	 	0.1211	 	 	 	 
	
                                              GRAND
      CANYON PUD 2

                                            	 	
                                              PUD

                                            	 	
                                              BABCOCK
      & BROWN ENERGY

                                            	 	
                                              OTSEGO

                                            	 	
                                              MI

                                            	 	
                                              GAS

                                            	 	 	0.76765	 	 	0.58075	 	 	 	 
	
                                              GRAND
      CANYON PUD 1

                                            	 	
                                              PUD

                                            	 	
                                              BABCOCK
      & BROWN ENERGY

                                            	 	
                                              OTSEGO

                                            	 	
                                              MI

                                            	 	
                                              GAS

                                            	 	 	0.76765	 	 	0.58075	 	 	 	 
	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	
                                              Total

                                            	 
	
                                              Total

                                            	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 	0.000	 

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}]]