LEON TX - BOSSIER - WOODBINE Producing Royalties

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LEON TX - BOSSIER - WOODBINE Producing Royalties 5 Producing Override Royalty Interest Wells Located in LEON (TX)

Phone: (866) 454-6107 | Fax: (214) 975-2526 | Email: [email protected] 2601 Network Boulevard ~ Suite 404 ~ Frisco, Texas 75034 WWW.OAKTREEMINERALS.COM

LEON TX - BOSSIER - WOODBINE Producing Royalties Property Summary The assets in this package are located in the Bossier and Woodbine formations within Leon County, Texas.There have been 7 permits to drill in Leon County over the past 6 months, including one in the Woodbine formation about a mile north of the assets in this package. Operator Covey Park Energy primarily pursues low risk development opportunities and improving existing operations through ongoing technological advances.

Package Details • 5 Producing Wells • 4 Horizontal • 1 Vertical • Override Royalty Interest

Location • LEON (TX) • Formation(s) • BOSSIER, WOODBINE

Production Breakdown • 82.21% - Oil • 17.79% - Gas • 0.00% - NGL

Cash Flow • $51.18 Per Month • Cash Flow Represents 100.00% of Check Statements

Operator(s) • COVEY PARK OPERATING LLC

LEON TX - BOSSIER - WOODBINE Producing Royalties

Package Contents

Check Revenue Statement Check Statements Maps Production Graph Source Assignments

LEON TX - BOSSIER - WOODBINE Producing Royalties

Check Revenue Statement

LEON TX - BOSSIER - WOODBINE Producing Royalties Check Revenue Statement

Production Months By Product Operator

Sep-2017

Oct-2017

Nov-2017

Dec-2017

Average

OIL

$43.73

$41.37

$40.33

$42.85

$42.07

GAS

$11.13

$13.44

$8.19

$3.66

$9.11

$54.86

$54.81

$48.52

$46.51

$51.18

COVEY PARK OPERATING LLC

NGL Package Totals:

* Note: Blank boxes indicate no revenue data available for that month

LEON TX - BOSSIER - WOODBINE Producing Royalties

Check Statements

Covey Park Operating LLC 8401 NORTH CENTRAL EXPRESSWAY STE 700 DALLAS,TX 75225 TOLL FREE OWNER LINE: 855-973-1611 [email protected] OWNER NUMBER.

Page10f1 CHECK DATE

OWNER NAME

CHECK NUMBER

PROPERlY SALE MO YRI

I I

#

P I R I D I

64804 12/17

I

PROPERlY

NAME

I ST I

I

OPERATOR NAME

BBL/ MCF

I BTU/ I I I GRAV I PRICE I

GROSS VALUE

540.21

57.62

I I

GROSS TAXES

TX

I I

GROSS I DEDUCTS I

NET VALUE

I DECIMAL I INTEREST

LEON

31126.18

IINTI IlYpl

GROSS VALUE

67134

TX

GRESIW! JOHN UNIT 028 0

540.21

57.62

29691. 00

LEON

31126.18

0.00050406

OR

15.69

12/17

TX

GRESHAM TRUST 018 0

344.05

57.62

29691. 00

LEON

19823.88

12/17

GRESIW! TRUST 03 1021. 27

G

2.46

2.15

18909.83

LEON

TX 2511. 98

0.68

ENV

0.00

SEV

0.72

0.00050406

OR

15.69

ENV

0.00

SEV

0.72

0.00068378

OR

13.56

ENV

0.00

SEV

0.62

12117

TX

GRESIW! TRUST UNIT A 01 2450.65

G

2.46

2420.06

LEON

6027.77

1.63

0.00068378

OR

1.72

ENV

0.00

3,786.12

SEV

5807.20

0.00034650

OR

310.18

Severance Tax

86,519.09

FLE

14.97

12.94

FLE

0.01

TRT

0.06

2.09

0.00

ENV

FLE

0.01

2.01 46.54 95.12

48.75

2.06

0.07 0.15

99.61

4.00

0.409

46.54

Wells Fargo Bank, NA

~ 412

CHECKNo.

90442

VOID AFTER 90 DAYS

~~

$ 46do1s54cts

Forty-Six dollars and 54 cents

TO

THE ORDER OF

1.65

TIlT

FUEL

Covey Park Operating LLC 8401 NORTH CENTRAL EXPRESSWAY STE 700 DALLAS, TX 75225 TOll FREE OWNER LINE: 855-973-1611 [email protected]

14.97

COVEY PARK OPERATING LLC 22.89 196.05

90,615.99 Total revenues Year to date Tax and deduction codes: ENV Environmental Requlatory Fee TRT Treatinq Total of this check

NET VALUE

COVEY PARK OPERATING LLC 9.54 81. 70

58596

IDEO I I I CODE I DEDUCTIONS I

COVEY PARK OPERATING LLC

911. 90

54368

STATE TAX

COVEY PARK OPERATING LLC

3.38 1431.80

63730

ITAX I I CODE I

COVEY PARK OPERATING LLC

3.38 1431.80

12117

46.54

1------------------------------------------------------------------------------------------------------------------------------------I I I I I I I I I OWNER I I OWNER I I I OWNER GRESIW! JOHN UNIT 018

0

COUNTY

AMOUNT

90442

02/20/2018

CHECK NUMBER 90442

CHECK DATE 02/20/201.

PAY EXACTLY $46.54

Covey Park Operating LLC 8401 NORTH CENTRAL EXPRESSWAY STE 700 DALLAS,TX 75225 TOLL FREE OWNER LINE: 855-973-1611 [email protected] OWNERNUMBER

Page10f1 CHECK NUMBER

CHECK DATE

OWNERNAME

PROPERTY #

I P SALE I R MO YRI D 64804 11/17

I I I

I

PROPERTY NAME

I ST

I

COUNTY

OPERATOR NAME

SSL/ MCF

I BTU/ I

I

I GRAV I PRICE I

GROSS VALUE

627.47

55.98

I

I

GRDSS TAXES

I

TX

I

GROSS DEDUCTS

I I

NET VALUE

IINTI ITYpl

GROSS VALUE

67134

33505.24

3.92

TX

GRESHAM JOHN UNIT 02H 0

627.47

55.98

0.00050406

OR

17.71

33505.25

3.92

0.00050406

OR

17.71

1615.75

63730 11/17

TX

GRESHAM TRUST OlH 0

IBO.13

55.98

1.13

961B.54

0.00068378

OR

6.89

463. B4

54368 11/17

TX

GRESHAM TRUST 03 G

2090.05

2.18

1.39

ENV SEV

O. Bl

ENV SEV

0.81

ENV SEV

0.32

ENV

0.00

11/17

TX

GRESHAM TRUST UNIT A 01 G

7175.19

2.1B

19.53

4372.93

4.79 3,710.49

SEV

0.00068378

3.12

OR

67.03

15012.34

0.00034650

OR

5.43

PAY

EXACTLY $ 48dols58cts Forty-Eiqht dollars and 58 cents

TO

THE ORDER OF

FLE

0.01

TRT

0.11

ENV

0.00

FLE

0.02

5.21

TRT

48.5& 48.58

50.86

1.94

0.20 0.14

B27.77

SeveranceTax

96,014.30

50.86

1.94

0.34

FLE

FUEL 48.58

Covey Park Operating LLC 8401 NORTH CENTRAL EXPRESSWAY STE 700 DALLAS, TX 75225 TOLL FREE OWNER LINE: 855-973-1611 [email protected]

6.57

0.00

574.01 100,552.56 Total revenues Year to date Tax and deduction codes: ENV Environmental Regulatory Fee TRT Treatinq Total of this check

16.90

0.00

3.00

COVEY PARK OPERATING LLC

LEON

1565B.17

16.90

0.00

167.20

58596

NET VALUE

COVEY PARK OPERATING LLC

LEON

4561. 05

I DED I I I CODE I DEDUCTIONS I

COVEY PARK OPERATING LLC

LEON

10083.51

STATE TAX

COVEY PARK OPERATING LLC

LEON

35124.92

ITAX I I CODE I

COVEY PARK OPERATING LLC

LEON

35124.91

I DECIMAL I INTEREST

1615.75 11/17

41.58

1------------------------------------------------------------------------------------------------------------------------------------I I I I I I I I I OWNER I I OWNER I I I OWNER

GRESHAM JOHN UNIT OlH 0

I

AMOUNT

89&76

01/20/2018

Wells Fargo Bank, NA.

CHECK NUMBER 89676

~ 412

CHECK DATE 01/20/2018

CHECK No.

89676

PAY EXACTLY $48.58

Covey Parle Operating LLC 8401 NORTH CENTRAL EXPRESSWAY STE 700 DALLAS, TX 75225 TOLL FREE OWNER LINE: 855-973-1611 [email protected] OWNER NUMBER.

Page1 of 1 CHECK DATE

OWNERNAME

CHECK NUMBER

PROPERTY

I I

I

#

I SALE I MO YRI D I P R

BBll MCF

GROSS VALUE

I I

COUNTY

I

Total revenues

GROSS DEDUCTS

OPERATOR NAME

6.95 3# 681.81

0.00050406 OR

0.00050406 OR

SEV

15.50

15.50

ENV

0.00 0.71

14.79

0.00 0.11

14.79

0.00 0.57

11.82

SEV

ENV

0.00

£NV

0.00068378 OR

12.39

ENV

31. 39 268.89

7653.97

97.29 833.30 1.230.87

23720.18

0.00068378 OR

5.44

FLE TRT

0.02 0.18

5.24

0.03 0.29

8.22

COVEY PARK OPERATING LLC 0.00034650 OR

Severance Tax

8.54

0.00

£NV

FLE TRT

107.324.00

FLE

57.31

1.99

0.52

54.86

613.36

21. 91

1.32

6