OIL AND GAS REPORT

DRILLING PERMITS

UNION — Petro-Chem Operating Co. Inc. of Shreveport, La., for Moore Family No. 1 to TVD: 8,300 ft. and MD: 8,370 ft. in Smackover Form. of Wildcat Fld. Loc. SHL: 2,071 ft. FNL & 1,257 ft. FWL of Sec. 29-18S-17W. Contractor: Fran Drilling; work began July 1.

Quanico Oil & Gas Inc. of El Dorado for Townsend No. 1 to TVD: 5,900 ft. and MD: 5,900 ft. in Smackover Limestone Form. of Champagnolle Fld. Loc. SHL: 618 ft. FNL & 286 ft. FEL of Sec. 10-17S-14W. Contractor: Sewell Drilling Co.; work to begIn July 16.

WHITE — SEECO LLC of Spring for Williams No. 9-7 17-17 SWDW to TVD: 11,096 ft. and MD: 11,096 ft. in Arbuckle Group Form. of B-43 Fld. Loc. SHL: 2,103 ft. FSL & 1,868 ft. FEL of Sec. 17-9N-7W. Contractor: SCD 43; work begins TBD. WELL RECOMPLETIONS

CONWAY — XTO Energy Inc. of Oklahoma City for Maxfield No. 1-34H, 24-hr. prod. not available in Fayetteville Form. of B-43 Fld. Drilled to TD: 10,538 ft., perf. 5,895-10,417 OA ft. Loc. SHL: 260 ft. FSL & 650 ft. FWL and BHL: 61 ft. FNL & 11 ft. FWL of Sec. 34-8N-15W. Workover done June 13.

VAN BUREN — Seeco LLC. for Holland-Smith No. 09-13 2-36H24, 24hr. prod. not available in Fayetteville Form. of B-43 Fld. Drilled to TD: 9,724 ft., perf. 4,661-9,619 OA ft. Loc. SHL: 463 ft. FNL & 468 ft. FWL and BHL: 92 ft. FSL & 599 ft. FWL of Sec. 36-9N13W. Workover done June 5.

Seeco LLC. for Hutchins No. 09-13 4-22H15, 24-hr. prod. not available in Fayetteville Form. of B-43 Fld. Drilled to TD: 9,282 ft., perf. 5,023-9,212 OA ft. Loc. SHL: 485 ft. FSL & 1,616 ft. FEL and BHL: 49 ft. FSL & 2,280 ft. FEL of Sec. 22-9N-13W. Workover done June 7.

WHITE — BHP Billiton Petroleum (Fay) for Blickenstaff No. 8-9 2-24H, 24-hr. prod. not available in Fayetteville Form. of B-43 Fld. Drilled to TD: 9,935 ft., perf. 5,765-9,826.5 OA ft. Loc. SHL: 230 ft. FNL & 2,179 ft. FEL and BHL: 484 ft. FSL & 2,392 ft. FWL of Sec. 248N-9W. Workover done May 31.

BHP Billiton Petroleum (Fay) for Roberson No. 8-7 1-32H, 24-hr. prod. not available in Fayetteville Form. of B-43 Fld. Drilled to TD: 8,892 ft., perf. 5,789-8,688 OA ft. Loc. SHL: 1,095 ft. FSL & 2,415 ft. FWL and BHL: 1,125 ft. FNL & 610 ft. FWL of Sec. 32-8N-7W. Workover done May 31.

ABBREVIATIONS

Loc. — location; Perf. — perforations; FEL — from the east line; FNL — from the north line; FSL — from the south line; FWL — from the west line; FEUL — from the east unit line; FWUL — from the west unit line; FNUL — from the north unit line; FSUL — from the south unit line; MCF — thousand cubic feet; bbl — barrel; MD — measured depth; TD — total depth; TVD — true vertical depth; PBTD — plug back total depth; BHL — bottom hole location; PBHL — proposed bottom hole location; SHL — surface hole location; OA — overall; N/A — not available.