Mid-Continent Energy ExchangeO i l & G a s A s s e t A u c t i o n s

Lot 93 Data PacketStaudinger

Overriding Royalty Interest in Barton County, KS

In this Document: Lot Summary

Income and Expenses Production

MapsMisc

Lot Summary

County/State: Barton County, KS

Legal Description: NW Sec 17-16S-12W

Acres: 160

Asset Type: Overriding RI

Decimal Interest: 0.02734380

$149.66Net Income (12 mo):

Lease Name: Staudinger

API: 15-009-231388, -23277

Operator: Davis Petroleum

Staudinger #1 NE/4NE/4NW/4 Section 17-T16S-R12W API# 15-009-23188 Oil Producing per KGS

Staudinger #2 SE/4NE/4NW/4 Section 17-T16S-R12W API# 15-009-23277 Oil Producing per KGS

Davis Petroleum, Inc on 11/15/19 confirmed that the wells are producing.

Disclaimer: Bidders must conduct their own due diligence prior to bidding at the auction. Bidders shall rely upon their own evaluations of the properties and not upon any representation either oral or written provided here. This is a summary of information provided by the seller to Mid-Continent Energy Exchange.

Income and Expenses

Summary

Production Months: 12

Net Income: $1,795.94

Net Income Per Month: $149.66

Nov 2018Dec 2018Jan 2018Feb 2018Mar 2019Apr 2019

May 2019Jun 2019Jul 2019

Aug 2019Sep 2019Oct 2019

$0$235.75$189.09

$0$225.56

$0$0

$489.87$221.38

$0$221.71$212.58

Net Income:

Production

Maps

Misc. Info

182 233

Original Compared with Record Book 249 Page 128

INDEXED

ASSIGNMENT AND BW.. OF SALE

KNOW ALL PERSONS BY TIIBSE PRESENI'S:

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Tiiat the undersigned, UMB National. Bank of .America, Successor to

UMB Russell -State Bank formerly Russell State Baok, as Trustee of the John O. Farmer, Inc., Savings Plan & Trust Agreement, hereinafter referred to as Assignor, for and in consideration of the sum of One Dollar ( $1) and other good and valuable consideration, the rece_ipt and sufficiency of which is hereby acknowledged, by these presents does hereby grant, bargain, sell, transfer, assign, convey, and deliver unto F.G. Holl Company, L.L.C., hereinafter referred to as Assignee, all of Assignor's right, title, and interest in and to the following described leases, to-wit:

STATE OF KANSASj ss � {�NESS COUNTY ,_r�.,...19.!!!2...AT : BOOK...fJfctt,E

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9. An undivided .0273438 net revenue overriding royalty interestin and to the following described oil and gas lease, to-wit:

An oil and gas lease dated June 14, 1982, from AgnesStaudinger, Trustee of the Agnes Staudinger Revocable TrustNo. 1, lessor, to Reif Oil Operations, Inc., lessee, and recorded

a/ in Book 412 at page 177 in the office of the register of deeds ofBarton County, Kansas, insofar as it covers the followingdescribed real estate, to-wit:

ti The Northwest Quarter (NW /4) of Section Seventeen (17), Township Sixteen (16) South, Range Twelve (12) West of the 6th P.M., Barton County, Kansas.

��taudinger Lease) ✓

ASSIGNMENT AND BIil. OF SALE, Page 6 of 14 pages. BOOK 19 3 PAGE 79 0

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FOR TIIE SAME CONSIDERATION, insofar as all working interests assigned are concerned, Assignor does hereby grant, bargain, sell, assign, convey, and deliver unto Assignee all of Assignor's right, title and interest in and to the following:

(1) All wells, equipment and facilities, including but not limited to,pumps, other well equipment (surface and subs:urface),gathering lines, flow lines, transportation lines, valves, meters,separators, tank batteries, and other fixtures and equipmentused or obtained in connection with said oil and gas leases;

(2) All oil below the pipeline connection in tanks;

(3) Personal property located on or used in connection with thedevelopment, operation, maintenance and/or safeguarding ofthe above described oil and gas leases;

ASSIGNMENT AND BIU. OF SALE, Page 11 of 14 pages. i93PiGE 795

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182 244 ( 4) All easements, licenses, authorizations, permits and similar

rights and interests applicable to or used or useful in connection with the above; described oil and gas leases.

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AND FOR TIIE SAME CONSIDERATION, all overriding royalty interests assigned herein shall be free and clear of any and all costs of operating, developing, and equipping said oil and gas leaseholds except transportation costs of the production therefrom, if any, and ad valorem taxes which may be levied and assessed against said assigned interests.

This assignment is made and accepted upon the following terms and conditions:

A. This assignment shall be effective on the 1st day of November, 1995, at 7:00 A.M., local time, hereinafter referred to as the "effective date', regardless of the date of execution. The oil remaining in the tanks above the pipeline connection on the effective date is not to be considered a part of this sale. A measure of such oil, as of the effective date will be based upon the operator's gauge report.

B. This assignment is made without warranty of title, either express or implied; however, Assignor warrants that the assigned assets have not been encumbered by Assignor. Assignor does not warrant the reserve performance. Assignor does not warrant the merchantability, condition, or fitness for any particular purpose or use of any of the assigned assets, including the leasehold equipment, material, or personal property, any such warranty being expressly denied. Assignee by executing this assignment agrees to accept the same "as is" and "where is" and without any reduction in purchase price. Assignee acknowledges that it has had a reasonable opportunity to examine title including all agreements affecting the assigned assets. Assignor makes no representations or warranties regarding the information in its lease and well files as to accuracy, completeness, or usefulness for title examination. Assignee has relied and will rely solely upon its independent investigation of and judgment with respect to the assets, their value, and title thereto.

C. Assignee agrees that it has had a reasonable opportunity to inspect, examine and determine the condition of the Assigned Assets, including the condition of the leasehold equipment, material or personal property, and the environmental condition of the lease premises, wells, equipment, and facilities, and Assignee is aware of and is satisfied with and accepts such condition as is and Assignee assumes all risk and liability incident to the condition and use thereof and Assignor shall have · no further obligation with respect thereto.

D. Assignee assumes all risk and liability of whatsoever nature connected with operations conducted on the assigned assets on and after the effective date and agrees to indemnify, defend, and hold Assignor harmless from all liabilities, penalties, claims, causes of action, demands, lawsuits, and expenses that occur on or after said date.

E. Assignee agrees to comply with all laws and governmental regulations with respect to abandonment of wells and/or abandonment of the assigned assets, or any part thereof, including, where applicable, the plugging of wells, the compliance with laws or rules regarding inactive or unplugged wells, restoration as specified in the oil and gas lease

ASSIGNMENf AND Blll. OF SALE, Page 12 of 14 pages. BOOK 193PkGE 796

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described above, or as required by law or rules. Assignee agrees to protect, defend, indemnify and hold Assignor free and harmless from and against any and all costs, expenses, claims, demands and causes of action, of every kind and character arising out of, incident to, or in connection with the assigned assets, including leases, structures, materials, land, wells, casing, leasehold equipment, and personal property, plugging requirements or exceptions thereto, or related in any mannef to Assignee's or other parties' operations on said lease and said land, after the effective date hereof. · Further, Assignee agrees to indemnify and hold Assignor harmless from any and all surface or subsurface restoration, well abandonm.ents or other similar obligations pertaining to the wells assigned herein.

F. Assignee acknowledges and accepts that information, to the best of Assignor's knowledge, regarding any substantial quantity of crude oil and produced water which may have been spilled or disposed of on-site and the locations thereof, including pit closures, burial, land farming, land spreading, and underground injection has been made available to Assignee, provided that Assignor shall not be liable for unintentional failure to disclose such information and shall not be required to provide information which is a matter of public record or filed with governmental agencies. Assignee acknowledges that there may have been spills of these materials in the past onto the assigned assets. In addition, some oilfield equipment may contain asbestos and/or naturally occurring radioactive material (hereinafter referred to as 9NORM"). In this regard, Assignee expressly understands that NORM may affix or attach itself to the inside of wells, materials, and equipment, as scale, or in other forms, and that said wells, material, and equipment located on the above described property may contain NORM and that NORM-containing material may be buried or otherwise disposed of on the property. Assignee also expressly understands that special procedures may be required for the removal and disposal of asbestos and NORM from the assigned assets where it my be found and Assignee agrees to assume all liability for such asbestos and NORM and for use of appropriate procedures and activities required to handle and dispose of same.

Assignee assumes full responsibility for, and agrees to indemnify, hold harmless and defend Assignor, its agents, officers, and employees from and against all loss, liability, claims, fmes, expenses, costs (including attorney's fees and expenses) and causes of action caused by or arising out of any federal, state or local laws, rules, orders, and regulations applicable to any waste material or hazardous substances on or included with the assigned assets or the presence, disposal, release. or threatened release of all waste material or hazardous substance from the assigned assets into the atmosphere or into or upon land or any water course or body of water, including ground water, whether or not attributable to Assignor's activities or negligence or the activities or negligence of Assignor's or agents, or to the activities of third parties (regardless of whether or not Assignor was or is aware of such activities) prior to, during or after the period of Assignor's ownership of the assigned assets. This indemnification and assumption shall apply to liability for voluntary environm.ental response actions undertaken pursuant either to the comprehensive Environm.ental Response Compensation and Liability Act (CERCLA) or to any other federal, state or local law and shall control and take precedence to the extent of any conflict or claimed conflict with any other provision of this assignment.

G. Assignor will be responsible for all ad valorem property taxes on the assigned assets for the year 1994 and prior years. Ad valorem taxes on the assigned assets for the year 1995 shall be prorated between Assignor and Assignee based upon the 1994 ad valorem taxes and the time of possession during 1995. Assignee agrees that Assignor's

ASSIGNMENT AND BIIL OF SALE, Page 13 of 14 pages, BOOK 193P~Gt 797

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liability with respect to prorated ad valorem taxes shall be deducted from the agreed purchase price and that, therefore, Assignee shall be responsible for the full payment of said taxes when due. This transaction is to be treated as an occasional sale and, therefore, no sales tax will be collected or paid by Assignor. If, however, this transaction is later deemed to be other than an occasional sale, Assignee agrees to be solely responsible for any and all sales taxes due.

ASSIGNORa

ASSIGNEEa

EXECUTED this /* day of l{oveeubev , 1995.

UMB National Bank of America

~fue %£i6\;")ll:mi;,,\!"" lck Trustee of the John O. Farm.er, Inc., Savings Plan & Trust Agreement

F.G. Holl Company, LLC.

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ACKNOWLEDGMENT STATE OF KANSAS, COUNTY OF RUSSELL, sss

Before me, the undersigned, a Notary Public, within and for the County and State on 1hls /~.,!'Y :': ~ '._ 1995, personalfy appeared ~ &u .£ -~' .-:da_, -t~of mm National Bank of ~ a national banking corporation, Trus of the John 0. Farmer Savings Plan & Trust .Agreement, who executed the within and foregoing Assignment and Bill of Sale and acknowledged to me that he executed the same for and on behalf of, and as the act and deed of said corporation for the uses and purposes therein set forth.

IN WITNESS WHEREOF, I have hereunto set my hand and official seal the day and year last above written.

My appointment expires:/(9-..:?.:Z-9b

STATE OF KANSAS, COUN , SSI

MARY SCHUL TE State of Kansas

My Appt Exp.

Befo me, the o ry Public, within and for the County and y of .!-.1,~~~do:3,,.:~c:;...-'11995, personally appeared ___ _

~~rp,.~t:......a&~~--_, ofF.G. Holl Company, LLC., a Kansa limited liability corporati n, who executed the within and foregoing Assignment And Bill Of Sale and acknowledged to me that he executed the same for and on behalf of, and as the act and deed of said corporation for the uses and purposes therein set forth.

IN WITNESS WHEREOF, I have eunto set my hand and official seal the day and year last above written.

My appointment expires:

, V. JEAN FEil

ASSIGNMENT AND BllJ. OF S NOTARY PUBLIC

4 p~ OF KANSAS 11 liiilt ~vn -Jf_:f t..4'1

SOOK 19SPAGE 798