Horizontal Well Estimated Production/Payouts in Grady County (based on 3/16ths Royalty)

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1 31 06N 07W Jobe 31-2H 5-Aug-13 EOG Hoxbar $ 14,711 $ 29,682 $ 82,318, N 07W Badgett 31-4H 20-Feb-14 EOG Hoxbar $ 12,517 $ 25,256 $ 70,043, N 07W Scott Trust 31-5H 9-Apr-14 EOG Hoxbar $ 9,905 $ 19,984 $ 55,422, N 05W Cosby 1-13H 19-Feb-13 Continental Woodford $ 6,796 $ 13,712 $ 38,027, N 07W GB Ranch 1-30H 27-Mar-14 Unit Marchand $ 6,739 $ 13,596 $ 37,706, N 08W Allen 16-1H 26-Nov-13 EOG Hoxbar $ 6,466 $ 13,046 $ 36,180, N 05W Arrington 1-23H 27-Nov-13 Continental Woodford $ 6,299 $ 12,709 $ 35,246, N 05W Newy 1-24H 5-Nov-13 Continental Woodford $ 5,873 $ 11,851 $ 32,866, N 05W Sparks 1-27H 15-Jul-13 Continental Woodford $ 5,675 $ 11,451 $ 31,757, N 05W Bearden 1-25H 23-Nov-13 Continental Woodford $ 5,269 $ 10,630 $ 29,480, N 06W Wilkerson 1-20H 20-Feb-13 Continental Springer $ 5,246 $ 10,584 $ 29,352, N 05W Vinson 2H Jan-14 Newfield Woodford $ 5,236 $ 10,565 $ 29,300, N 06W KD Legacy BIA 1-26H 10-Jun-13 Marathon Woodford $ 4,877 $ 9,841 $ 27,292, N 06W Healey 1-12H 5-Jul-12 Continental Woodford $ 4,862 $ 9,811 $ 27,209, N 05W Eula Mae 1-26H 1-Nov-13 Continental Woodford $ 4,854 $ 9,795 $ 27,164, N 05W Bridwell 1-25H 23-Mar-14 Continental Woodford $ 4,630 $ 9,343 $ 25,911, N 06W Elliott 1-35H 1-Dec-12 Continental Woodford $ 4,614 $ 9,310 $ 25,819, N 05W Cosby 2-13H 12-May-14 Continental Woodford $ 4,586 $ 9,253 $ 25,661, N 05W Wooten 1-28H 2-Jan-13 Continental Woodford $ 4,555 $ 9,190 $ 25,486, N 05W Simms 1-32H 28-Jun-12 Continental Woodford $ 4,532 $ 9,144 $ 25,359, N 05W Pipkin 1-28H 1-Feb-14 Continental Woodford $ 4,528 $ 9,136 $ 25,337, N 05W Vinson 3H Jan-14 Newfield Woodford $ 4,377 $ 8,832 $ 24,494, N 05W Carson 1-2H 15-May-12 Continental Woodford $ 4,305 $ 8,687 $ 24,091, N 06W Birt 1-13H 1-Nov-13 Continental Springer $ 4,290 $ 8,655 $ 24,003, N 06W McLemore Trust 1-2H 5-Sep-13 Marathon Woodford $ 4,283 $ 8,642 $ 23,967, N 05W Knox 1-1H 9-Feb-13 Continental Woodford $ 4,270 $ 8,615 $ 23,892, N 07W Jobe 31-3H 25-Oct-13 EOG Hoxbar $ 4,115 $ 8,302 $ 23,024, N 05W McLemore 1-20H 26-Apr-14 Eagle Rock Woodford $ 3,912 $ 7,893 $ 21,889, N 06W Prim 1-22H 13-May-13 Continental Woodford $ 3,898 $ 7,865 $ 21,812, N 05W Nightengale 1-16H 21-Dec-12 Continental Woodford $ 3,882 $ 7,832 $ 21,720, N 05W Vinson 1H Aug-12 Newfield Woodford $ 3,846 $ 7,760 $ 21,521, N 05W Kolt 1-17H 23-May-14 Continental Woodford $ 3,820 $ 7,708 $ 21,376, Page 1 of 6 6/30/2014

2 29 03N 05W Shi Randall 4-29H 29-Sep-11 Marathon Woodford $ 3,810 $ 7,687 $ 21,318, N 05W Dyer 1-31H 16-Nov-12 Continental Woodford $ 3,805 $ 7,677 $ 21,290, N 06W Spray 1-9H 7-Feb-14 Continental Woodford $ 3,737 $ 7,540 $ 20,910, N 05W Charles 1-36H 26-Aug-13 Continental Woodford $ 3,626 $ 7,316 $ 20,289, N 05W Faith 1H-12 7-May-12 Newfield Woodford $ 3,537 $ 7,137 $ 19,793, N 05W Riddle 14-32H 15-Jul-13 Eagle Rock Woodford $ 3,502 $ 7,066 $ 19,596, N 06W Riley 1-28H 16-Dec-13 Continental Woodford $ 3,499 $ 7,060 $ 19,579, N 06W Lowers 1-14H 20-Jan-14 Continental Woodford $ 3,487 $ 7,035 $ 19,510, N 05W Auld 1-10H 13-Aug-12 Continental Woodford $ 3,481 $ 7,024 $ 19,479, N 05W Sandy Creek Ranch 1-30H 29-Aug-13 Continental Woodford $ 3,477 $ 7,015 $ 19,454, N 05W Mills 1-21H 24-Jun-12 Continental Woodford $ 3,424 $ 6,909 $ 19,160, N 05W Lambakis 1-11H 4-Jun-11 Continental Woodford $ 3,399 $ 6,859 $ 19,022, W 06W Fieck 1-2H 8-Jun-14 Continental Woodford $ 3,555 $ 6,768 $ 18,769, N 05W Greenwood 1H-4 12-Jul-12 Newfield Woodford $ 3,352 $ 6,763 $ 18,756, N 05W Jackpot 1-32H 13-Apr-13 Continental Woodford $ 3,289 $ 6,636 $ 18,403, N 05W Faith 3H Dec-12 Newfield Woodford $ 3,270 $ 6,598 $ 18,298, N 06W Lucky Penny 1-33H 3-Aug-13 Continental Woodford $ 3,243 $ 6,543 $ 18,145, N 06W Williams 1-24H 7-Oct-13 Continental Woodford $ 3,206 $ 6,469 $ 17,940, N 06W Robinson 1-15H 6-Dec-12 Continental Woodford $ 3,190 $ 6,437 $ 17,851, N 05W Vinson 4H Jan-14 Newfield Woodford $ 3,173 $ 6,402 $ 17,754, N 05W Green Acres 1-36H 12-Feb-14 Continental Woodford $ 3,170 $ 6,395 $ 17,735, N 05W Estes 1-36H 10-Dec-13 Continental Woodford $ 3,111 $ 6,277 $ 17,408, N 07W Rocky Road 1-23H 30-Mar-14 Cimarex Woodford $ 2,973 $ 5,999 $ 16,637, N 06W Corley 1-21H 10-Aug-13 Continental Woodford $ 2,918 $ 5,888 $ 16,329, N 06W Guthery 1-34H 25-Sep-13 Continental Woodford $ 2,883 $ 5,818 $ 16,135, N 05W Faith 4H Dec-12 Newfield Woodford $ 2,869 $ 5,789 $ 16,054, N 05W Worthington 1-34H 23-Dec-12 Continental Woodford $ 2,806 $ 5,663 $ 15,705, N 06W Brown Trust 1-1H 20-Jan-13 Marathon Woodford $ 2,802 $ 5,654 $ 15,680, N 05W Vinson 5H-14 3-Feb-14 Newfield Woodford $ 2,764 $ 5,576 $ 15,464, N 05W Faith 2H Dec-12 Newfield Woodford $ 2,753 $ 5,555 $ 15,405, N 06W Lou 1-16H 29-Aug-11 Continental Woodford $ 2,632 $ 5,310 $ 14,726, N 08W Frey H 19-Feb-13 Devon Woodford $ 2,626 $ 5,298 $ 14,693, Page 2 of 6 6/30/2014

3 27 07N 06W IGO 1-27H 17-Jan-12 Continental Woodford $ 2,586 $ 5,218 $ 14,471, N 05W Evans 1-1H 30-Nov-12 Continental Woodford $ 2,555 $ 5,154 $ 14,293, N 05W Dawkins 1-20H 15-Aug-12 Continental Woodford $ 2,547 $ 5,139 $ 14,252, N 05W Goff Brothers 1-9H 24-Nov-13 Vitruvian Woodford $ 2,509 $ 5,063 $ 14,041, N 06W Nunn 1-32H 8-Jul-12 Continental Woodford $ 2,461 $ 4,966 $ 13,772, N 06W MCEVOY 1H-1 19-Aug-12 Newfield Woodford $ 2,410 $ 4,863 $ 13,486, N 05W Painter 1-19H 23-Mar-12 Continental Woodford $ 2,383 $ 4,808 $ 13,334, N 05W Plato 1-16H 4-Jan-13 Continental Woodford $ 2,368 $ 4,779 $ 13,253, N 05W Croom 1-33H 4-Apr-13 Continental Woodford $ 2,363 $ 4,767 $ 13,220, N 06W Issac Taylor 1-15H 16-Jan-14 Marathon Woodford $ 2,363 $ 4,767 $ 13,220, N 06W Ballard 1-17H 17-Mar-10 Continental Woodford $ 2,316 $ 4,674 $ 12,962, N 05W Eli 1-20H 2-Jan-13 Marathon Woodford $ 2,300 $ 4,641 $ 12,871, N 07W Earl 1-30H 30-Nov-13 Unit Medrano $ 2,116 $ 4,471 $ 12,399, N 05W Faith 5H Dec-12 Newfield Woodford $ 2,141 $ 4,320 $ 11,980, N 05W Beutler Trust 1-8H 15-Jul-09 Western Woodford $ 2,089 $ 4,216 $ 11,692, N 08W Nevu 33-3H 18-Jan-09 Sheridan Marchand $ 2,080 $ 4,197 $ 11,639, N 06W Dana 1-29H 6-Oct-10 Continental Woodford $ 2,042 $ 4,120 $ 11,426, N 06W Hendrix 1-3H 6-Jul-12 Continental Woodford $ 2,019 $ 4,073 $ 11,295, N 06W Parnell 1-3H 13-Sep-13 Continental Woodford $ 1,986 $ 4,006 $ 11,109, N 08W Cody 1-36H 2-Jun-14 Unit Hoxbar $ 1,967 $ 3,968 $ 11,004, N 06W Walters 1-22H 20-Jul-12 Continental Woodford $ 1,934 $ 3,902 $ 10,821, N 05W Olson 1-22H 9-Dec-12 Continental Woodford $ 1,910 $ 3,854 $ 10,688, N 06W Ramsey 1-10H 24-Mar-14 Continental Woodford $ 1,697 $ 3,425 $ 9,498, N 05W Spies 4-27H 25-Nov-12 Marathon Woodford $ 1,646 $ 3,321 $ 9,210, N 05W Spies 5-27H 23-Nov-12 Marathon Woodford $ 1,583 $ 3,194 $ 8,858, N 06W Kathryn 1-31H 10-Mar-14 Continental Woodford $ 1,581 $ 3,191 $ 8,849, N 08W Nevu 53-3H 20-Oct-08 Sheridan Marchand $ 1,552 $ 3,131 $ 8,683, N 07W Ezra Flowers 1-20H 11-Oct-13 Unit Hoxbar $ 1,479 $ 2,984 $ 8,275, N 08W Sprowls 1-14H 20-Jan-11 Continental Woodford $ 1,478 $ 2,982 $ 8,270, N 06W Standridge 1-32H 16-May-12 Continental Woodford $ 1,455 $ 2,936 $ 8,142, N 06W Gill 1-4H 27-Feb-14 Continental Woodford $ 1,453 $ 2,931 $ 8,128, N 05W Spies 6-27H 25-Nov-12 Marathon Woodford $ 1,438 $ 2,901 $ 8,045, Page 3 of 6 6/30/2014

4 3 06N 07W Claiborne 5-3H 3-May-11 Unit Hoxbar $ 1,400 $ 2,825 $ 7,834, N 08W Greer 1-3H 14-Jul-11 Cimarex Woodford $ 1,400 $ 2,825 $ 7,834, N 05W Spies 3-27H 24-Nov-12 Marathon Woodford $ 1,384 $ 2,792 $ 7,743, N 07W Meadors 1-28H 11-Nov-13 Continental Woodford $ 1,365 $ 2,754 $ 7,637, N 05W Spies 2-27H 25-Nov-12 Marathon Woodford $ 1,349 $ 2,722 $ 7,549, N 08W Sprowls 1-13H 21-Mar-12 Marathon Woodford $ 1,311 $ 2,644 $ 7,332, N 08W Oaks 1-4H 3-Aug-10 Cimarex Woodford $ 1,292 $ 2,607 $ 7,230, N 05W Wilson 1H-3 10-Jan-13 Newfield Woodford $ 1,283 $ 2,589 $ 7,180, N 05W Cooper 1-21H 5-Mar-13 Marathon Woodford $ 1,277 $ 2,576 $ 7,144, N 05W Spies 1-27H 24-Nov-11 Marathon Woodford $ 1,139 $ 2,298 $ 6,373, N 07W Beam 1-35H 14-Jul-13 Continental Woodford $ 1,087 $ 2,194 $ 6,084, N 05W K. Richards 6-17H 17-Feb-12 Marathon Woodford $ 1,065 $ 2,150 $ 5,962, N 07W Thomas 2-23H 22-Feb-11 Apache Hoxbar $ 974 $ 1,965 $ 5,449, N 07W Dunn 4-2H 16-Apr-10 Unit Hoxbar $ 861 $ 1,738 $ 4,820, N 05W Burkes 1-23H 17-Mar-13 Marathon Woodford $ 818 $ 1,651 $ 4,578, N 08W Vickery 1-11H 31-Jul-13 Cimarex Woodford $ 667 $ 1,345 $ 3,730, N 05W Trigg 1-35H 28-Jul-12 Marathon Woodford $ 599 $ 1,208 $ 3,350, N 07W Claiborne 4-3H 15-May-11 Unit Hoxbar $ 577 $ 1,164 $ 3,228, N 07W Dunn 5-2H 20-Mar-11 Unit Hoxbar $ 454 $ 916 $ 2,540, N 08W Calvert 1-16H 8-Dec-09 Cimarex Woodford $ 449 $ 905 $ 2,509, N 07W Berry 1-30H 20-Oct-13 EOG Hoxbar $ 419 $ 846 $ 2,346, N 08W Koerner Trust 1-12H 25-Aug-11 Devon Woodford $ 367 $ 740 $ 2,052, N 08W Treadaway 1-34H 13-Aug-11 Devon Woodford $ 317 $ 640 $ 1,774, N 05W Swanson 1H Dec-12 Newfield Woodford $ 285 $ 575 $ 1,594, N 05W Harrison 1-31H 2-Sep-13 Marathon Woodford $ 235 $ 475 $ 1,317, N 06W McCalla 1-11H 5-Jan-09 Continental Woodford 24 0 $ 224 $ 451 $ 1,250, Page 4 of 6 6/30/2014

5 Section Township Range Well Name and # Test Date Company Formation BOPD Gas MCF/d $ Per Acre ($95 Oil / $4 Gas) 4 Year Est $ Per Acre ($95 Oil / $4 Gas) 4 Year Est Operator / Participant Revenue (13/16ths * 640) 7 & 18 04N 05W Singer XH 25-Jun-13 Continental Woodford N 05W 37.90% (from Permit to Drill) $ 3,169 $ 6,394 $ 17,732, N 05W 62.10% (from Permit to Drill) $ 5,192 $ 10,476 $ 29,053, & 34 6N / 7N 05W Hansell XH 18-Oct-13 Continental Woodford N 05W 47% (from Permit to Drill) $ 2,153 $ 5,070 $ 14,060, N 05W 53% (from Permit to Drill) $ 2,833 $ 5,716 $ 15,852, & 17 04N 05W Johnson Rogers 1-17X8H 23-Feb-14 Vitruvian Woodford N 05W 40% (from Permit to Drill) $ 2,052 $ 4,141 $ 11,484, N 05W 60% (from Permit to Drill) $ 3,078 $ 6,211 $ 17,225, & 17 08N 06W C.G XH 8-Jun-14 Continental Woodford N 06W 52.72% (from Permit to Drill) $ 2,367 $ 4,775 $ 13,242, N 06W 47.28% (from Permit to Drill) $ 2,122 $ 4,281 $ 11,872, & 2 03N 05W Lambakis XH 22-Apr-14 Continental Woodford N 05W 50% (from Permit to Drill) $ 1,989 $ 4,013 $ 11,129, N 05W 50% (from Permit to Drill) $ 1,989 $ 4,013 $ 11,129, & 35 7N & 8N 06W McEvoy XH 18-Feb-14 Continental Woodford N 06W 50% (from Permit to Drill) $ 1,656 $ 3,341 $ 9,265, N 06W 50% (from Permit to Drill) $ 1,656 $ 3,341 $ 9,265, & 27 08N 06W Brannan XH 10-Mar-14 Continental Woodford N 06W 52.73% (from Permit to Drill) $ 1,640 $ 3,309 $ 9,176, N 06W 47.27% (from Permit to Drill) $ 1,470 $ 2,966 $ 8,225, &10 03N 05W Goff XH 11-Apr-14 Continental Woodford N 05W 52.64% (from Permit to Drill) $ 1,452 $ 2,930 $ 8,125, N 05W 47.36% (from Permit to Drill) $ 1,307 $ 2,637 $ 7,313, Page 5 of 6 6/30/2014

6 Section Township Range Well Name and # Test Date Company Formation BOPD Gas MCF/d $ Per Acre ($95 Oil / $4 Gas) 4 Year Est $ Per Acre ($95 Oil / $4 Gas) 4 Year Est Operator / Participant Revenue (13/16ths * 640) 28 & 21 08N 06W Crowley XH 18-May-14 Continental Woodford N 06W 52.04% (from Permit to Drill) $ 1,218 $ 2,457 $ 6,814, N 06W 47.96% (from Permit to Drill) $ 1,122 $ 2,265 $ 6,281, & 9 07N 06W Yell XH 21-Nov-13 Continental Woodford N 06W 36.76% (from Permit to Drill) $ 783 $ 1,579 $ 4,379, N 06W 63.24% (from Permit to Drill) $ 1,346 $ 2,716 $ 7,532, & 25 06N 06W Winter Creek 1-25XH 3-Apr-14 Marathon Woodford N 06W 64.00% (from Permit to Drill) $ 810 $ 1,634 $ 4,531, N 06W 36.00% (from Permit to Drill) $ 456 $ 919 $ 2,548, & 26 07N 05W Triple Rimer XH 21-May-14 Continental Woodford N 05W 52.33% (from Permit to Drill) $ 387 $ 780 $ 2,163, N 05W 47.67% (from Permit to Drill) $ 352 $ 711 $ 1,971, Page 6 of 6 6/30/2014

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