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Lot 16 Data PacketMerrick Unit 2

Royalty Interest/Minerals in Martin County, TX

In this Document: Lot Summary

Income and Expenses Production

MapsMisc.

Lot Summary

County/State: Martin County, TX

Legal Description: W/2 Sec 11, Block 35, T2N, T&P RR. Co. Survey

Asset Type: Royalty Interest/Minerals

Lease Name: Merrick Unit 2

Decimal Interest: 0.0030998, 0.00154991 Net Income (7 mo): $413.37 per lot

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.

Lease #: 421050159

API: 42-317-40454Operator: XTO Energy, Inc.

Income and Expenses

Summary Per Lotmonths income info7

Net Income:

Per Month:

$2,893.57

$413.37

Production

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MERRICK UNIT 2 Lease #: 421050159

Lease and Production InformationState County OperatorTX Martin XTO ENERGY INC.Location Meridan Quarter Call Formation Horizontal Production MonthsAPI: 42-317-40454 { Sec: 4 · Blk: 35 · Survey: T&P RR CO/EIDSON, A O · Abstract: 876 }API: 42-317-41491 { Sec: 4 · Blk: 35 T2N · Survey: T&P RR CO/EIDSON, A O · Abstract: 876 }API: 42-317-41505 { Sec: 4 · Blk: 35 T2N · Survey: T&P RR CO/EIDSON, A O · Abstract: 876 }API: 42-317-41515 { Sec: 4 · Blk: 35 T2N · Survey: T&P RR CO / EIDSON, A O · Abstract: 876 }API: 42-317-41516 { Sec: 4 · Blk: 35 T2N · Survey: T&P RR CO/EIDSON, A O · Abstract: 876 }API: 42-317-41518 { Sec: 4 · Blk: 35 T2N · Survey: T&P RR CO/EIDSON, A O · Abstract: 876 }API: 42-317-41519 { Sec: 4 · Blk: 35 T2N · Survey: T&P RR CO/EIDSON, A O · Abstract: 876 }API: 42-317-41520 { Sec: 4 · Blk: 35 T2N · Survey: T&P RR CO/EIDSON, A O · Abstract: 876 }API: 42-317-41523 { Sec: 4 · Blk: 35 T2N · Survey: T&P RR CO / EIDSON, A O · Abstract: 876 }API: 42-317-41524 { Sec: 4 · Blk: 35 T2N · Survey: T&P RR CO/EIDSON, A O · Abstract: 876 }API: 42-317-41576 { Sec: 4 · Blk: 35 T2N · Survey: T&P RR CO/EIDSON, A O · Abstract: 876 }

42 SPRABERRY (TREND AREA) Yes 22

Oil GasFirst Prod Date 2018-02-01 2018-02-01Last Sale 2019-11-01 2019-11-01Daily Rate 3532.45 8468.35MoM Change -5615 -18731YoY Change 891180 1526047Cumulative 1223342 1777207

Production SnapshotMonth BOPM MCFPM12-2018 3543 22401-2019 3480 43502-2019 1471903-2019 43435 10068904-2019 49198 9974605-2019 158054 9531806-2019 150837 16326307-2019 142727 17357608-2019 150405 26775209-2019 116236 20685510-2019 115121 28125011-2019 109506 262519Average 88105 150148

Annual AveragesYear Avg BOPM Avg MCFPM2018 15420 114372019 95793 150128

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MERRICK UNIT 2 - Production Plot

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MERRICK UNIT 2 Associated WellsTotal Well Count: 11

Well Name API Operator Type StatusMERRICK UNIT 2 1105BH 4231740454 XTO ENERGY INC. OIL PRODUCINGLocation Spot Foot-NS Foot-EW Foot-ref ZoneSec: 4 · Blk: 35 · Survey: T&P RR CO/EIDSON, A O · Abstract: 876 2309 340 EAST SOUTH SPRABERRY (TREND AREA)Spud Completion First Production2017-08-05 2018-02-09Elevation MD TV-TD Cmpl-Top Cmpl-Btm PBTD Drill-Dir Lateral2625 9076

Prod Csg

csg 1: 11 3/4" @ 1277' w/ 695 sx cmt toc @ 0csg 2: 8 5/8" @ 8280' w/ 995 sx cmt multi stage @ 4637' toc @ 100csg 3: 8 5/8" @ 8280' w/ 470 sx cmt toc @ 4637csg 4: 5 1/2" @ 19630' w/ 1810 sx cmt toc @ 3500tbg 1: 2 7/8" @ 8842' pkr @ 8827"

Well Name API Operator Type StatusMERRICK UNIT 2 1106BH 4231741520 XTO ENERGY INC. OIL SHUT INLocation Spot Foot-NS Foot-EW Foot-ref ZoneSec: 4 · Blk: 35 T2N · Survey: T&P RR CO/EIDSON, A O · Abstract: 876 1041 340 E (OFFLEASE) S (OFFLEASE) SPRABERRY (TREND AREA)Spud Completion First Production2018-10-13 2019-02-20Elevation MD TV-TD Cmpl-Top Cmpl-Btm PBTD Drill-Dir Lateral2624 8960

Prod Csg

csg 1: 11 3/4" @ 1217' w/ 400 sx cmt toc @ 0csg 2: 8 5/8" @ 8277' w/ 1220 sx cmt multi stage @ 4889' toc @ 915csg 3: 8 5/8" @ 8277' w/ 720 sx cmt toc @ 4889csg 4: 5 1/2" @ 19694' w/ 1660 sx cmt toc @ 3689tbg 1: 2 7/8" @ 8733' pkr @ 8718"

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Well Name API Operator Type StatusMERRICK UNIT 2 1107BH 4231741515 XTO ENERGY INC. O&G SHUT INLocation Spot Foot-NS Foot-EW Foot-ref ZoneSec: 4 · Blk: 35 T2N · Survey: T&P RR CO / EIDSON, A O · Abstract: 876 381 340 E (OFFLEASE) S (OFFLEASE) SPRABERRY (TREND AREA)Spud Completion First Production

2019-04-23Elevation MD TV-TD Cmpl-Top Cmpl-Btm PBTD Drill-Dir Lateral2623 8956

Prod Csg

csg 1: 11 3/4" @ 1204' w/ 660 sx cmt toc @ 0csg 2: 8 5/8" @ 8271' w/ 1220 sx cmt multi stage @ 4915' toc @ 913csg 3: 8 5/8" @ 8271' w/ 600 sx cmt toc @ 4915csg 4: 5 1/2" @ 19646' w/ 1050 sx cmt toc @ 3670tbg 1: 2 7/8" @ 8716' pkr @ 8701"

Well Name API Operator Type StatusMERRICK UNIT 2 1116AH 4231741524 XTO ENERGY INC. OIL SHUT INLocation Spot Foot-NS Foot-EW Foot-ref ZoneSec: 4 · Blk: 35 T2N · Survey: T&P RR CO/EIDSON, A O · Abstract: 876 958 326 WEST SOUTH SPRABERRY (TREND AREA)Spud Completion First Production2018-08-24 2019-02-20Elevation MD TV-TD Cmpl-Top Cmpl-Btm PBTD Drill-Dir Lateral2624 8784

Prod Csg

csg 1: 11 3/4" @ 1262' w/ 625 sx cmt toc @ 0csg 2: 8 5/8" @ 8130' w/ 1228 sx cmt multi stage @ 4896' toc @ 930csg 3: 8 5/8" @ 8130' w/ 565 sx cmt toc @ 4896csg 4: 5 1/2" @ 19528' w/ 1622 sx cmt toc @ 3704tbg 1: 2 7/8" @ 8580' pkr @ 8565"

Well Name API Operator Type StatusMERRICK UNIT 2 1117AH 4231741518 XTO ENERGY INC. OIL PRODUCINGLocation Spot Foot-NS Foot-EW Foot-ref ZoneSec: 4 · Blk: 35 T2N · Survey: T&P RR CO/EIDSON, A O · Abstract: 876 940 340 EAST SOUTH SPRABERRY (TREND AREA)Spud Completion First Production2018-09-06 2019-02-19Elevation MD TV-TD Cmpl-Top Cmpl-Btm PBTD Drill-Dir Lateral2625 8775

Prod Csg

csg 1: 8 5/8" @ 8105' w/ 1220 sx cmt multi stage @ 4907' toc @ 916csg 2: 8 5/8" @ 8105' w/ 690 sx cmt toc @ 4907csg 3: 5 1/2" @ 19489' w/ 1640 sx cmt toc @ 3690csg 4: 11 3/4" @ 1218' w/ 660 sx cmt toc @ 0tbg 1: 2 7/8" @ 8612' pkr @ 8597"

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Well Name API Operator Type StatusMERRICK UNIT 2 1118AH 4231741491 XTO ENERGY INC. OIL PRODUCINGLocation Spot Foot-NS Foot-EW Foot-ref ZoneSec: 4 · Blk: 35 T2N · Survey: T&P RR CO/EIDSON, A O · Abstract: 876 321 340 EAST SOUTH SPRABERRY (TREND AREA)Spud Completion First Production2018-08-13 2019-04-16Elevation MD TV-TD Cmpl-Top Cmpl-Btm PBTD Drill-Dir Lateral2623 8777

Prod Csg

csg 1: 8 5/8" @ 8154' w/ 1220 sx cmt multi stage @ 4891' toc @ 914csg 2: 8 5/8" @ 8154' w/ 580 sx cmt toc @ 4891csg 3: 5 1/2" @ 19272' w/ 1630 sx cmt toc @ 3688csg 4: 11 3/4" @ 1204' w/ 660 sx cmt toc @ 0tbg 1: 2 7/8" @ 8613' pkr @ 8611"

Well Name API Operator Type StatusMERRICK UNIT 2 1125SH 4231741576 XTO ENERGY INC. OIL SHUT INLocation Spot Foot-NS Foot-EW Foot-ref ZoneSec: 4 · Blk: 35 T2N · Survey: T&P RR CO/EIDSON, A O · Abstract: 876 908 326 WEST SOUTH SPRABERRY (TREND AREA)Spud Completion First Production2018-07-31 2019-03-01Elevation MD TV-TD Cmpl-Top Cmpl-Btm PBTD Drill-Dir Lateral2624 8385

Prod Csg

csg 1: 11 3/4" @ 1260' w/ 628 sx cmt toc @ 0csg 2: 8 5/8" @ 7610' w/ 1227 sx cmt multi stage @ 4932' toc @ 934csg 3: 8 5/8" @ 7610' w/ 570 sx cmt toc @ 4932csg 4: 5 1/2" @ 18860' w/ 1665 sx cmt toc @ 3708tbg 1: 2 7/8" @ 7742' pkr @ 7688"

Well Name API Operator Type StatusMERRICK UNIT 2 1126SH 4231741523 XTO ENERGY INC. OIL PRODUCINGLocation Spot Foot-NS Foot-EW Foot-ref ZoneSec: 4 · Blk: 35 T2N · Survey: T&P RR CO / EIDSON, A O · Abstract: 876 1008 326 W (OFFLEASE) S (OFFLEASE) SPRABERRY (TREND AREA)Spud Completion First Production2018-06-30 2019-02-26Elevation MD TV-TD Cmpl-Top Cmpl-Btm PBTD Drill-Dir Lateral2624 8326

Prod Csg

csg 1: 11 3/4" @ 1147' w/ 628 sx cmt toc @ 0csg 2: 8 5/8" @ 5812' w/ 1821 sx cmt toc @ 0csg 3: 5 1/2" @ 18836' w/ 1681 sx cmt toc @ 3700tbg 1: 2 7/8" @ 7719' pkr @ 7665"

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Well Name API Operator Type StatusMERRICK UNIT 2 1127SH 4231741519 XTO ENERGY INC. OIL SHUT INLocation Spot Foot-NS Foot-EW Foot-ref ZoneSec: 4 · Blk: 35 T2N · Survey: T&P RR CO/EIDSON, A O · Abstract: 876 991 340 E (OFFLEASE) S (OFFLEASE) SPRABERRY (TREND AREA)Spud Completion First Production2018-08-13 2019-02-21Elevation MD TV-TD Cmpl-Top Cmpl-Btm PBTD Drill-Dir Lateral2624 8284

Prod Csg

csg 1: 11 3/4" @ 1247' w/ 670 sx cmt toc @ 0csg 2: 8 5/8" @ 7552' w/ 1220 sx cmt multi stage @ 4941' toc @ 0csg 3: 8 5/8" @ 7552' w/ 570 sx cmt toc @ 4941csg 4: 5 1/2" @ 18941' w/ 1620 sx cmt toc @ 3700tbg 1: 2 7/8" @ 7644' pkr @ 7590"

Well Name API Operator Type StatusMERRICK UNIT 2 1128SH 4231741505 XTO ENERGY INC. OIL SHUT INLocation Spot Foot-NS Foot-EW Foot-ref ZoneSec: 4 · Blk: 35 T2N · Survey: T&P RR CO/EIDSON, A O · Abstract: 876 351 340 EAST SOUTH SPRABERRY (TREND AREA)Spud Completion First Production2018-07-18 2019-04-23Elevation MD TV-TD Cmpl-Top Cmpl-Btm PBTD Drill-Dir Lateral2623 8296

Prod Csg

csg 1: 11 3/4" @ 1228' w/ 660 sx cmt toc @ 0csg 2: 8 5/8" @ 7568' w/ 1220 sx cmt multi stage @ 4902' toc @ 922csg 3: 8 5/8" @ 7568' w/ 580 sx cmt toc @ 4902csg 4: 5 1/2" @ 18911' w/ 1690 sx cmt toc @ 1900tbg 1: 2 7/8" @ 7582' pkr @ 7528"

Well Name API Operator Type StatusMERRICK UNIT 2 1147SH 4231741516 XTO ENERGY INC. OIL SHUT INLocation Spot Foot-NS Foot-EW Foot-ref ZoneSec: 4 · Blk: 35 T2N · Survey: T&P RR CO/EIDSON, A O · Abstract: 876 411 340 E (OFFLEASE) S (OFFLEASE) SPRABERRY (TREND AREA)Spud Completion First Production2018-10-02 2019-04-25Elevation MD TV-TD Cmpl-Top Cmpl-Btm PBTD Drill-Dir Lateral2624 8387

Prod Csg

csg 1: 8 5/8" @ 7585' w/ 1220 sx cmt multi stage @ 4915' toc @ 923csg 2: 8 5/8" @ 7585' w/ 580 sx cmt toc @ 4915csg 3: 11 3/4" @ 1223' w/ 660 sx cmt toc @ 0csg 4: 5 1/2" @ 19108' w/ 1690 sx cmt toc @ 3670tbg 1: 2 7/8" @ 7780' pkr @ 7726"

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Misc. Info