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

Lot 116 Data PacketFarris 1-32

Overriding Royalty Interest in Oklahoma County, OK

In this Document: Lot Summary

Income and Expenses Production

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Lot Summary

County/State: Oklahoma County, OK

Legal Description: Sec 32-13N-2W

Acres: 80

Asset Type: Overriding RI

Decimal Interest: 0.06875

$205.92Net Income (12 mo):

API: 35-109-20518

Operator: Black Gold Oil Co., Inc.

Lease Name: Farris 1-32

Lease #: 073250

Purchaser: Opa

Gas line is down. There are 80 acres with this lease. There is a lot of opportunity to increase production on this well as it has not had any type of stimulation done in many years. There is also behind pipe potential.

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: $2,471.00

Net Income Per Month: $205.92

Production

12/4/2019 PetroBase Explorer

https://petrobase-explorer.net/report/lease 1/3

FARRIS #1-32 Lease #: 10907325000000

Lease and Production InformationState County OperatorOK Oklahoma BLACK GOLD OIL CO INCLocation Meridan Quarter Call Formation Horizontal Production Months32-13N-02W Indian SE OSWEGO No 350

Oil GasFirst Prod Date 1990-07-01 1990-07-01Last Sale 2019-08-01 2014-01-01Daily Rate 1.82 0MoM Change 167 0YoY Change -13 0Cumulative 28957 167394

Production SnapshotMonth BOPM MCFPM09-201810-2018 16411-201812-2018 16301-201902-201903-2019 14604-201905-2019 16806-201907-201908-2019 167Average 162

Annual AveragesYear Avg BOPM Avg MCFPM2015 812016 652017 692018 682019 60

12/4/2019 PetroBase Explorer

https://petrobase-explorer.net/report/lease 2/3

FARRIS #1-32 - Production Plot

12/4/2019 PetroBase Explorer

https://petrobase-explorer.net/report/lease 3/3

FARRIS #1-32 Associated WellsTotal Well Count: 1

Well Name API Operator Type StatusFARRIS 1-32 35-109-20518 BLACK GOLD OIL CO INC Oil ActiveLocation Spot Foot-NS Foot-EW Foot-ref Zone32-13N-02W SE4 NW4 SE4 1650 990 SW OSWEGOSpud Completion First Production1981-08-02 1981-10-22 1981-10-22Elevation MD TV-TD Cmpl-Top Cmpl-Btm PBTD Drill-Dir Lateral

6955

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