Lippelmann – ORRI

Lease Details

Lippelmann

Asset Type	County	State	Lease #	Operator	Gross BOPD	Gross MCFD
ORRI	Thomas	KS	146962	ELK Energy Holdings LLC	345	0

Net Income (4mo)

$5,976.24

$1,494.06/mo

Wells Details

Well Name	API	Legal Description	Well Type	Completion	Zone
Lippelmann 1-14	15-193-20998	NW SE SE NW Sec. 14 10S 33W	Oil	09/2017	Lansing

Seller Comments

Oil sales:   
Jan 2019 4,773 bbl sold (27 days) 
Feb 2019 4,386 bbl sold (21 days) 
Mar 2019 4,819 bbl sold (27 days)  Revenue to the interest – $810.85
Apr 2019 10,766 bbl sold (28 days)  Revenue to the interest – $2,001.98
May 2019 8,136 bbl sold (19 days)  Revenue to the interest – $1,451.18
Jun 2019 10,809 bbl sold (30 days)  Revenue to the interest – $1,712.26

4 month average including 1 month revenue prior to wells 3, 4,and 5 is $1,494.06 to this interest 

Note the Lippelmann only pumped 19 days in May due to weather