Lease Sale #125

March 19, 2014

Sealed Bid Lease Results

Tract No

Bidder

Page 1 of 13

1 County Andrews Douglas W. Ferguson

Block 04 606 W. Tennessee Ave Ste 100

Bonus $320,561.21

Section 17 Midland, TX 79701 $/Acre $2,000.07

Acres 160.275 (432) 684-4542 UT Lease # 116350

Part NE/4

2 County Andrews Douglas W. Ferguson

Block 04 606 W. Tennessee Ave Ste 100

Bonus $320,961.23

Section 23 Midland, TX 79701 $/Acre $2,000.07

Acres 160.475 (432) 684-4542 UT Lease # 116351

Part SE/4

3 County Andrews, Martin

Douglas W. Ferguson

Block 06 606 W. Tennessee Ave Ste 100

Bonus $280,008.80

Section 27 Midland, TX 79701 $/Acre $3,500.11

Acres 80.000 (432) 684-4542 UT Lease # 116352

Part S/2 of SE/4 (All Depths Below 9200 Feet)

4 County Martin Douglas W. Ferguson

Block 06 606 W. Tennessee Ave Ste 100

Bonus $560,017.60

Section 28 Midland, TX 79701 $/Acre $3,500.11

Acres 160.000 (432) 684-4542 UT Lease # 116353

Part N/2 of S/2 (All Depths Below 9200 Feet)

5 County Andrews Douglas W. Ferguson

Block 06 606 W. Tennessee Ave Ste 100

Bonus $160,005.60

Section 34 Midland, TX 79701 $/Acre $2,000.07

Acres 80.000 (432) 684-4542 UT Lease # 116354

Part N/2 of SW/4

6 County Andrews, Martin

Douglas W. Ferguson

Block 06 606 W. Tennessee Ave Ste 100

Bonus $560,017.60

Section 41 Midland, TX 79701 $/Acre $3,500.11

Acres 160.000 (432) 684-4542 UT Lease # 116355

Part

NW/4 (All Depths Below 9200 Feet)

Lease Sale #125

March 19, 2014

Sealed Bid Lease Results

Tract No

Bidder

Page 2 of 13

7 County Andrews Weatherl Energy Investments, L.P.

Block 14 217 N. Main Street Bonus $75,925.00

Section 14 Midland, TX 79701 $/Acre $1,891.32

Acres 40.144 (432) 683-0900 UT Lease # 116356

Part NW/4 of NW/4

8 County Andrews RSP Permian, L.L.C.

Block 12 125 W. Missouri Ave, Suite 450

Bonus $1,613,250.00

Section 05 Midland, TX 79701 $/Acre $2,500.00

Acres 645.300 (432) 818-1300 UT Lease # 116357

Part All

9 County Andrews Elk River Resources , LLC.

Block 12 1004 North Big Spring, Suite 610

Bonus $2,577,951.00

Section 18 Midland, TX 79701-3367 $/Acre $4,015.50

Acres 642.000 (432) 218-2250 UT Lease # 116358

Part All

10 County Andrews Elk River Resources , LLC.

Block 12 1004 North Big Spring, Suite 610

Bonus $1,619,700.30

Section 21 Midland, TX 79701-3367 $/Acre $5,013.00

Acres 323.100 (432) 218-2250 UT Lease # 116359

Part W/2

11 County Andrews Douglas W. Ferguson

Block 12 606 W. Tennessee Ave Ste 100

Bonus $2,232,230.00

Section 25 Midland, TX 79701 $/Acre $5,200.00

Acres 429.275 (432) 684-4542 UT Lease # 116360

Part S/2 and S/2 of NE/4 and NE/4 of NE/4

12 County Andrews Elk River Resources , LLC.

Block 12 1004 North Big Spring, Suite 610

Bonus $1,942,154.10

Section 27 Midland, TX 79701-3367 $/Acre $6,011.00

Acres 323.100 (432) 218-2250 UT Lease # 116361

Part

S/2

Lease Sale #125

March 19, 2014

Sealed Bid Lease Results

Tract No

Bidder

Page 3 of 13

13 County Andrews RSP Permian, L.L.C.

Block 12 125 W. Missouri Ave, Suite 450

Bonus $1,615,500.00

Section 28 Midland, TX 79701 $/Acre $2,500.00

Acres 646.200 (432) 818-1300 UT Lease # 116362

Part All

14 County Andrews XTO Energy, Inc.

Block 12 810 Houston Street Bonus $178,997.40

Section 29 Fort Worth, TX 76102 $/Acre $277.00

Acres 646.200 (817) 885-2800 UT Lease # 116363

Part All

15 County Andrews XTO Energy, Inc.

Block 12 810 Houston Street Bonus $179,274.40

Section 32 Fort Worth, TX 76102 $/Acre $277.00

Acres 647.200 (817) 885-2800 UT Lease # 116364

Part All

16 County Andrews XTO Energy, Inc.

Block 12 810 Houston Street Bonus $179,274.40

Section 33 Fort Worth, TX 76102 $/Acre $277.00

Acres 647.200 (817) 885-2800 UT Lease # 116365

Part All

17 County Andrews Elk River Resources , LLC.

Block 12 1004 North Big Spring, Suite 610

Bonus $3,889,510.20

Section 34 Midland, TX 79701-3367 $/Acre $6,009.75

Acres 647.200 (432) 218-2250 UT Lease # 116366

Part All

18 County Andrews Elk River Resources , LLC.

Block 12 1004 North Big Spring, Suite 610

Bonus $2,924,292.30

Section 35 Midland, TX 79701-3367 $/Acre $6,024.50

Acres 485.400 (432) 218-2250 UT Lease # 116367

Part

S/2 and NW/4

Lease Sale #125

March 19, 2014

Sealed Bid Lease Results

Tract No

Bidder

Page 4 of 13

19 County Andrews Double Eagle Andrews, LLC

Block 12 1401 Ballinger Street, Suite 200

Bonus $2,041,942.00

Section 36 Fort Worth, TX 76102 $/Acre $6,503.00

Acres 314.000 (817) 928-3260 UT Lease # 116368

Part W/2

20 County Andrews Larry G. Phillips

Block 11 125 W. Missouri Bonus $383,008.00

Section 21 Midland, TX 79701 $/Acre $1,150.00

Acres 333.050 (432) 682-9162 UT Lease # 116369

Part S/2

21 County Andrews Larry G. Phillips

Block 11 125 W. Missouri Bonus $206,434.00

Section 28 Midland, TX 79701 $/Acre $1,250.00

Acres 165.147 (432) 682-9162 UT Lease # 116370

Part SE/4

22 County Andrews CrownRock, L.P.

Block 10 500 W Texas Ave., Ste 500 Bonus $355,329.44

Section 07 Midland, TX 79701 $/Acre $1,053.14

Acres 337.400 (432) 818-0300 UT Lease # 116371

Part S/2

23 County Andrews Chalfant Properties, Inc.

Block 10 1502 N. Big Spring St Bonus $394,135.88

Section 13 Midland, TX 79702 $/Acre $2,345.00

Acres 168.075 (432) 684-9819 UT Lease # 116372

Part SW/4

24 County Andrews CrownRock, L.P.

Block 10 500 W Texas Ave., Ste 500 Bonus $221,258.40

Section 17 Midland, TX 79701 $/Acre $1,053.14

Acres 210.094 (432) 818-0300 UT Lease # 116373

Part

S/2 of S/2 and NW/4 of SW/4

Lease Sale #125

March 19, 2014

Sealed Bid Lease Results

Tract No

Bidder

Page 5 of 13

25 County Andrews Forge Energy, LLC

Block 10 10999 IH-10 W Ste 900 Bonus $686,002.68

Section 21 San Antonio, TX 78230-1747

$/Acre $1,177.00

Acres 582.838 (210) 478-5970 UT Lease # 116374

Part N/2 and SE/4 and S/2 of SW/4

26 County Andrews Chalfant Properties, Inc.

Block 10 1502 N. Big Spring St Bonus $390,501.13

Section 24 Midland, TX 79702 $/Acre $2,345.00

Acres 166.525 (432) 684-9819 UT Lease # 116375

Part NE/4

27 County Andrews Forge Energy, LLC

Block 10 10999 IH-10 W Ste 900 Bonus $194,381.55

Section 28 San Antonio, TX 78230-1747

$/Acre $1,177.00

Acres 165.150 (210) 478-5970 UT Lease # 116376

Part NE/4

28 County Andrews Forge Energy, LLC

Block 10 10999 IH-10 W Ste 900 Bonus $389,292.75

Section 33 San Antonio, TX 78230-1747

$/Acre $1,177.00

Acres 330.750 (210) 478-5970 UT Lease # 116377

Part E/2

29 County Andrews Chalfant Properties, Inc.

Block 10 1502 N. Big Spring St Bonus $1,190,829.75

Section 35 Midland, TX 79702 $/Acre $1,920.21

Acres 620.156 (432) 684-9819 UT Lease # 116378

Part N/2 and SW/4 and W/2 of SE/4 and NE/4 of SE/4

30 County Andrews Douglas W. Ferguson

Block 09 606 W. Tennessee Ave Ste 100

Bonus $20,173.39

Section 32 Midland, TX 79701 $/Acre $500.27

Acres 40.325 (432) 684-4542 UT Lease # 116379

Part

SW/4 of SE/4 (All Depths Below 4634 Feet)

Lease Sale #125

March 19, 2014

Sealed Bid Lease Results

Tract No

Bidder

Page 6 of 13

31 County Andrews Douglas W. Ferguson

Block 09 606 W. Tennessee Ave Ste 100

Bonus $80,105.61

Section 32 Midland, TX 79701 $/Acre $2,000.14

Acres 40.050 (432) 684-4542 UT Lease # 116380

Part NE/4 of SE/4

32 County Andrews Pacesetter Energy Leasing LLC

Block 09 2001 Timber Creek Rd Bonus $1,289,895.32

Section 35 Flower Mound, TX 75028 $/Acre $2,136.14

Acres 603.844 (972) 691-3332 UT Lease # 116381

Part N/2 and SW/4 and N/2 of SE/4 and SW/4 of SE/4

33 County Andrews Douglas W. Ferguson

Block 09 606 W. Tennessee Ave Ste 100

Bonus $20,138.87

Section 35 Midland, TX 79701 $/Acre $500.27

Acres 40.256 (432) 684-4542 UT Lease # 116382

Part SE/4 of SE/4 (All Depths Below 5124 Feet)

34 County Andrews Douglas W. Ferguson

Block 09 606 W. Tennessee Ave Ste 100

Bonus $60,417.11

Section 41 Midland, TX 79701 $/Acre $500.27

Acres 120.769 (432) 684-4542 UT Lease # 116383

Part SE/4 of NW/4 and W/2 of NW/4 (All Depths Below 12534 Feet)

35 County Andrews Douglas W. Ferguson

Block 09 606 W. Tennessee Ave Ste 100

Bonus $322,070.54

Section 41 Midland, TX 79701 $/Acre $2,000.14

Acres 161.024 (432) 684-4542 UT Lease # 116384

Part S/2 of NE/4 and NE/4 of NE/4 and NE/4 of SE/4

36 County Andrews Douglas W. Ferguson

Block 09 606 W. Tennessee Ave Ste 100

Bonus $20,138.87

Section 41 Midland, TX 79701 $/Acre $500.27

Acres 40.256 (432) 684-4542 UT Lease # 116385

Part

SW/4 of SW/4 (All Depths Below 5380 Feet)

Lease Sale #125

March 19, 2014

Sealed Bid Lease Results

Tract No

Bidder

Page 7 of 13

37 County Andrews Douglas W. Ferguson

Block 01 606 W. Tennessee Ave Ste 100

Bonus $485,359.97

Section 26 Midland, TX 79701 $/Acre $2,000.14

Acres 242.663 (432) 684-4542 UT Lease # 116386

Part S/2 of N/2 of S/2 and S/2 of S/2

38 County Crane Henry Energy LP

Block 30 3525 Andrews Highway Bonus $337,242.00

Section 02 Midland, TX 79703 $/Acre $562.07

Acres 600.000 (432) 694-3000 UT Lease # 116387

Part S/2 and NE/4 and N/2 of NW/4 and SW/4 of NW/4

39 County Crane Henry Energy LP

Block 30 3525 Andrews Highway Bonus $14,002.80

Section 03 Midland, TX 79703 $/Acre $350.07

Acres 40.000 (432) 694-3000 UT Lease # 116388

Part NE/4 of NE/4

40 County Crane Dakota Resources Inc.

Block 30 4914 N Midkiff Bonus $138,000.00

Section 08 Midland, TX 79705 $/Acre $1,150.00

Acres 120.000 (432) 697-3420 UT Lease # 116389

Part S/2 of NE/4 and NE/4 of NE/4

41 County Crane Henry Energy LP

Block 30 3525 Andrews Highway Bonus $67,371.20

Section 14 Midland, TX 79703 $/Acre $421.07

Acres 160.000 (432) 694-3000 UT Lease # 116390

Part NE/4

42 County Crane Dakota Resources Inc.

Block 30 4914 N Midkiff Bonus $126,000.00

Section 20 Midland, TX 79705 $/Acre $900.00

Acres 140.000 (432) 697-3420 UT Lease # 116391

Part

S/2 of SE/4 and NW/4 of SE/4 and S/2 of NE/4 of SE/4

Lease Sale #125

March 19, 2014

Sealed Bid Lease Results

Tract No

Bidder

Page 8 of 13

43 County Crane Henry Energy LP

Block 30 3525 Andrews Highway Bonus $65,611.20

Section 24 Midland, TX 79703 $/Acre $410.07

Acres 160.000 (432) 694-3000 UT Lease # 116392

Part NW/4

44 County Crane Dakota Resources Inc.

Block 30 4914 N Midkiff Bonus $72,000.00

Section 31 Midland, TX 79705 $/Acre $900.00

Acres 80.000 (432) 697-3420 UT Lease # 116393

Part W/2 of SE/4

45 County Crane Dakota Resources Inc.

Block 30 4914 N Midkiff Bonus $120,000.00

Section 42 Midland, TX 79705 $/Acre $1,000.00

Acres 120.000 (432) 697-3420 UT Lease # 116394

Part W/2 of NE/4 and NW/4 of SE/4

46 County Crane WTG Exploration, Inc.

Block 31 401 W Wadley Ave. Bonus $800,000.00

Section 15 Midland, TX 79705-5339 $/Acre $5,000.00

Acres 160.000 (432) 682-4030 UT Lease # 116395

Part NW/4

47 County Crane WTG Exploration, Inc.

Block 31 401 W Wadley Ave. Bonus $105,505.00

Section 29 Midland, TX 79705-5339 $/Acre $2,637.63

Acres 40.000 (432) 682-4030 UT Lease # 116396

Part SE/4 of NE/4

48 County Upton Pioneer Natural Resources USA, Inc.

Block 03 303 W. Wall St, Ste 101 Bonus $696,129.68

Section 01 Midland, TX 79701 $/Acre $4,213.86

Acres 165.200 (432) 683-4768 UT Lease # 116397

Part SE/4

49 County Reagan Bold Energy III LLC

Block 02 600 N. Marienfeld, Ste 1000

Bonus $702,454.88

Section 03 Midland, TX 79701 $/Acre $4,267.00

Acres 164.625 (432) 686-1100 UT Lease # 116398

Part NW/4

Lease Sale #125

March 19, 2014

Sealed Bid Lease Results

Tract No

Bidder

Page 9 of 13

50 County Reagan Essex Exploration, LLC

Block 58 7920 FM 1489 Bonus $145,009.24

Section 20 Simonton, TX 77476 $/Acre $595.00

Acres 243.713 (832) 326-5210 UT Lease # 116399

Part SW/4 and N/2 of SE/4 (From Surface To 8200 Feet)

51 County Reagan Essex Exploration, LLC

Block 58 7920 FM 1489 Bonus $95,047.88

Section 20 Simonton, TX 77476 $/Acre $585.00

Acres 162.475 (832) 326-5210 UT Lease # 116400

Part NW/4 (From Surface To 8300 Feet)

52 County Reagan Crown Oil Partners IV, LP

Block 09 4000 N Big Spring St Bonus $1,010,999.90

Section 10 Midland, TX 79710 $/Acre $6,262.00

Acres 161.450 (432) 684-9696 UT Lease # 116401

Part SE/4

53 County Reagan Crown Oil Partners IV, LP

Block 09 4000 N Big Spring St Bonus $1,010,999.90

Section 15 Midland, TX 79710 $/Acre $6,262.00

Acres 161.450 (432) 684-9696 UT Lease # 116402

Part NE/4

54 County Crockett T. Verne Dwyer

Block 47 508 W Wall Ste 403 Bonus $75,250.00

Section 05 Midland, TX 79701 $/Acre $1,751.02

Acres 42.975 (432) 684-7933 UT Lease # 116403

Part SW/4 of SE/4

60 County Schleicher Highmount Exploration Production Texas LLC

Block 53 14000 Quail Springs Parkway, Suite 600

Bonus $116,568.14

Section 21 Oklahoma City, OK 73134 $/Acre $401.57

Acres 290.281 (405) 749-1300 UT Lease # 116404

Part

NE/4 and S/2 of NW/4 and NE/4 of NW/4

Lease Sale #125

March 19, 2014

Sealed Bid Lease Results

Tract No

Bidder

Page 10 of 13

62 County Schleicher Highmount Exploration Production Texas LLC

Block 55 14000 Quail Springs Parkway, Suite 600

Bonus $116,568.14

Section 01 Oklahoma City, OK 73134 $/Acre $401.57

Acres 290.281 (405) 749-1300 UT Lease # 116405

Part NE/4 and S/2 of NW/4 and NE/4 of NW/4

63 County Schleicher Highmount Exploration Production Texas LLC

Block 57 14000 Quail Springs Parkway, Suite 600

Bonus $150,068.77

Section 02 Oklahoma City, OK 73134 $/Acre $301.57

Acres 497.625 (405) 749-1300 UT Lease # 116406

Part S/2 and NW/4

64 County Schleicher Highmount Exploration Production Texas LLC

Block 57 14000 Quail Springs Parkway, Suite 600

Bonus $100,045.85

Section 03 Oklahoma City, OK 73134 $/Acre $301.57

Acres 331.750 (405) 749-1300 UT Lease # 116407

Part E/2

65 County Crockett T. Verne Dwyer

Block 30 508 W Wall Ste 403 Bonus $40,000.00

Section 16 Midland, TX 79701 $/Acre $250.00

Acres 160.000 (432) 684-7933 UT Lease # 116408

Part SE/4

66 County Crockett T. Verne Dwyer

Block 30 508 W Wall Ste 403 Bonus $160,000.00

Section 21 Midland, TX 79701 $/Acre $250.00

Acres 640.000 (432) 684-7933 UT Lease # 116409

Part All

67 County Crockett T. Verne Dwyer

Block 30 508 W Wall Ste 403 Bonus $80,000.00

Section 33 Midland, TX 79701 $/Acre $250.00

Acres 320.000 (432) 684-7933 UT Lease # 116410

Part

W/2

Lease Sale #125

March 19, 2014

Sealed Bid Lease Results

Tract No

Bidder

Page 11 of 13

68 County Ward Eland Energy, Inc.

Block 16 13455 Noel Rd Ste 2000 Bonus $5,582.80

Section 03 Dallas, TX 75240 $/Acre $278.00

Acres 20.082 (214) 368-6100 UT Lease # 116411

Part W/2 of E/2 of SW/4 of NE/4 and E/2 of W/2 of SW/4 of NE/4 (All Depths Below 4100 Feet)

69 County Ward Chalfant Properties, Inc.

Block 16 1502 N. Big Spring St Bonus $85,719.63

Section 14 Midland, TX 79702 $/Acre $266.79

Acres 321.300 (432) 684-9819 UT Lease # 116412

Part W/2

70 County Ward Chalfant Properties, Inc.

Block 16 1502 N. Big Spring St Bonus $45,621.09

Section 15 Midland, TX 79702 $/Acre $266.79

Acres 171.000 (432) 684-9819 UT Lease # 116413

Part NW/171.000 acres

71 County Ward Chalfant Properties, Inc.

Block 16 1502 N. Big Spring St Bonus $98,285.44

Section 17 Midland, TX 79702 $/Acre $266.79

Acres 368.400 (432) 684-9819 UT Lease # 116414

Part All

72 County Ward Chalfant Properties, Inc.

Block 16 1502 N. Big Spring St Bonus $85,719.63

Section 19 Midland, TX 79702 $/Acre $266.79

Acres 321.300 (432) 684-9819 UT Lease # 116415

Part W/2

73 County Ward Chalfant Properties, Inc.

Block 16 1502 N. Big Spring St Bonus $32,628.42

Section 24 Midland, TX 79702 $/Acre $266.79

Acres 122.300 (432) 684-9819 UT Lease # 116416

Part NW/122.300 acres

74 County Ward Myers Engineering

Block 18 303 S Terrell St Bonus $32,750.00

Section 15 Midland, TX 79701 $/Acre $817.87

Acres 40.043 (432) 413-4322 UT Lease # 116417

Part NW/4 of NW/4

Lease Sale #125

March 19, 2014

Sealed Bid Lease Results

Tract No

Bidder

Page 12 of 13

75 County Ward Cimarex Energy Co.

Block 18 600 N. Marienfeld Ste 600 Bonus $323,714.00

Section 31 Midland, TX 79701 $/Acre $2,021.00

Acres 160.175 (432) 571-7800 UT Lease # 116418

Part NE/4

76 County Loving Cimarex Energy Co.

Block 19 600 N. Marienfeld Ste 600 Bonus $243,008.00

Section 12 Midland, TX 79701 $/Acre $2,017.00

Acres 120.480 (432) 571-7800 UT Lease # 116419

Part N/2 of NW/4 and N/2 of S/2 of NW/4

77 County Winkler Myers Oil Co. LLC

Block 20 3212 E 31st Bonus $122,222.88

Section 12 Odessa, TX 79762 $/Acre $3,052.06

Acres 40.046 (432) 413-4322 UT Lease # 116420

Part SE/4 of NW/4 of NW/4 and SW/4 of NE/4 of NW/4 and NW/4 of SE/4 of NW/4 and NE/4 of SW/4 of NW/4

78 County Winkler Energen Resources Corporation

Block 21 3300 N "A" St Bldg 4 Ste 100

Bonus $165,781.06

Section 12 Midland, TX 79705 $/Acre $276.00

Acres 600.656 (432) 687-1155 UT Lease # 116421

Part N/2 and SE/4 and W/2 of SW/4 and N/2 of NE/4 of SW/4 and S/2 of SE/4 of SW/4

79 County Winkler Energen Resources Corporation

Block 21 3300 N "A" St Bldg 4 Ste 100

Bonus $176,833.20

Section 24 Midland, TX 79705 $/Acre $276.00

Acres 640.700 (432) 687-1155 UT Lease # 116422

Part All

80 County Winkler Energen Resources Corporation

Block 21 3300 N "A" St Bldg 4 Ste 100

Bonus $176,192.50

Section 34 Midland, TX 79705 $/Acre $1,100.00

Acres 160.175 (432) 687-1155 UT Lease # 116423

Part

NE/4

Lease Sale #125

March 19, 2014

Sealed Bid Lease Results

Tract No

Bidder

Page 13 of 13

81 County Winkler Jagged Peak Energy LLC

Block 21 1125 17th St., Ste 2400 Bonus $1,132,437.25

Section 43 Denver, CO 80202 $/Acre $3,535.00

Acres 320.350 (720) 215-3651 UT Lease # 116424

Part E/2

82 County Pecos Spirit Resources, LLC.

Block 18 1300 S University Dr Ste 200

Bonus $10,401.00

Section 14 Ft Worth, TX 76107 $/Acre $252.23

Acres 41.236 (817) 882-9063 UT Lease # 116425

Part SE/4 of SE/4

Total Acres 20,305.509 Total Bonus $39,062,817.88

Avg. $/Acre $1,923.75