Merit Management Partners IV, L.P., et al

May 24, 2020

EnerVest

Dewey, Ellis, Roger Mills and Woodward Counties, Oklahoma

EnergyNet has been retained by Merit Management Partners IV, L.P., et al to offer for sale their 190 Well Package (Operations, Non-Operated WI & ORRI) plus Development Potential on HBP Leasehold Acreage and Minerals located in Dewey, Ellis, Roger Mills and Woodward Counties, Oklahoma.

Opportunity Highlights:

Operated Working Interest in 68 Wells:
- 100.00% to 21.259164% WI / 81.25% to 16.572769% NRI (BPO)
- 57 Producing Wells | 11 Non-Producing Wells
100% Owned and Operated Grand Gathering System:
- 34 Active Wells on System | Averages ~1,800 MCFD
Non-Operated Working Interest in 106 Wells:
- 57.142857% to 0.15625% WI / 46.42857% to 0.126953% NRI
- 4 Wells APO Only
- 74 Producing Wells | 31 Non-Producing Wells | 1 Temporarily Abandoned Well
- Select Operators:
  - Crawley Petroleum Corporation
  - EOG Resources Inc.
  - Mewbourne Oil Company
Overriding Royalty Interest in 16 Producing Wells:
- 4.01875% to 0.071237% ORRI
- Select Operators:
  - EOG Resources Inc.
  - FourPoint Energy LLC
  - Templar Operating LLC
Additional Royalty Interest in 3 Recently Completed Hz Wells:
- RI Unknown as the Horizontal Allocation Has Not Been Made Between the Sections | Seller Estimates a RI of 1% to 1.5%
- Seller Elected a RI under Option 7.2 of Pooling Order 76623 w/ its 160 net acres in the Spoonbill 20X17-17-23 HA, Spoonbill 20X17-17-23 HB, and Spoonbill 20X17-17-23 HC Wells
- Operator: FourPoint Energy
12-Month Average Net Income: $108,463/Month
6-Month Average 8/8ths Production: 9,259 MCFPD and 562 BOPD
HBP Leasehold Acreage:
- Tonkawa – 4,536.69 Net Acres
- Cottage Grove – 3,797.36 Net Acres
- Cleveland – 3,225.81 Net Acres
- Cleveland Base to Atoka Base – 4,224.93 Net Acres
- Morrow – 5,566.29 Net Acres
242.00 Net Mineral Acres

This is an auction property. Auction ends June 10, 2020 at 1:40 pm CST. For complete due diligence information, please visit http://www.energynet.com or email Michael Baker, Vice President of Business Development, at Michael.Baker@energynet.com.