<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q
[X] Quarterly Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
For the quarterly period ended June 30, 1994
or
[_] Transition Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
For the transition period from _____ to _____
Commission File Number: 001-11335
DOMINION RESOURCES BLACK WARRIOR TRUST
(Exact name of registrant as specified in its charter)
Delaware 54-1229715
(State or other jurisdiction (I.R.S. Employer
of incorporation or Identification No.)
organization)
NationsBank of Texas, N.A.
901 Main Street
12th Floor
Dallas, Texas 75283-0308
(Address of principal executive offices)
(Zip code)
(214) 508-2444
(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports) and (2) has been subject to such
filing requirements for the past 90 days. Yes No X
--- ---
Number of units of beneficial interest outstanding at August 1, 1994: 7,850,000
<PAGE>
PART I - FINANCIAL INFORMATION
------------------------------
Item 1. Financial Statements.
The condensed financial statements included herein have been prepared by
NationsBank of Texas, N.A., as Trustee (the "Trustee"), of Dominion Resources
Black Warrior Trust (the "Trust"), pursuant to the rules and regulations of the
Securities and Exchange Commission. Certain information and footnote
disclosures normally included in annual financial statements have been condensed
or omitted pursuant to such rules and regulations, although the Trustee believes
that the disclosures are adequate to make the information presented not
misleading. The condensed financial statements of the Trust presented herein
are unaudited and, therefore, are subject to year-end adjustments. In the
opinion of the Trustee, all adjustments necessary to present fairly the assets,
liabilities and trust corpus of the Trust as of June 30, 1994, the distributable
loss for the period from May 31, 1994 (date of inception) to June 30, 1994, and
the changes in trust corpus for the period from May 31, 1994 (date of inception)
to June 30, 1994, have been included. The distributable loss for such interim
period is not indicative of the distributable income (loss) for the full year.
The condensed financial statements as of June 30, 1994, and for the period
from May 31, 1994 (date of inception) to June 30, 1994, included herein have
been reviewed by Deloitte & Touche, independent public accountants, as stated in
their report appearing herein.
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<PAGE>
INDEPENDENT ACCOUNTANTS' REPORT
NationsBank of Texas, N.A.,
as Trustee of Dominion Resources
Black Warrior Trust
We have reviewed the accompanying condensed statement of assets, liabilities and
trust corpus of the Dominion Resources Black Warrior Trust as of June 30, 1994,
and the related condensed statements of distributable loss and changes in trust
corpus for the period from May 31, 1994 (date of inception) to June 30, 1994.
These condensed financial statements are the responsibility of the Trustee.
We conducted our review in accordance with standards established by the American
Institute of Certified Public Accountants. A review of interim financial
information consists principally of applying analytical procedures to financial
data, and of making inquiries of persons responsible for financial and
accounting matters. It is substantially less in scope than an audit conducted
in accordance with generally accepted auditing standards, the objective of which
is the expression of an opinion regarding the financial statements taken as a
whole. Accordingly, we do not express such an opinion.
As described in Note 2 to the financial statements, these condensed financial
statements have been prepared on a modified cash basis of accounting, which is a
comprehensive basis of accounting other than generally accepted accounting
principles.
Based on our review, we are not aware of any material modifications that should
be made to such condensed financial statements for them to be in conformity with
the basis of accounting described in Note 2.
/s/ Deloitte & Touche
Dallas, Texas
August 10, 1994
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<PAGE>
DOMINION RESOURCES BLACK WARRIOR TRUST
CONDENSED STATEMENT OF ASSETS,
LIABILITIES AND TRUST CORPUS (UNAUDITED)
- - --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
June 30, 1994
-------------
<S> <C>
ASSETS
- - ------
Cash and cash equivalents $ 990
Royalty interests in
gas properties 148,357,597
------------
TOTAL ASSETS $148,358,587
============
LIABILITIES AND TRUST CORPUS
- - ----------------------------
Trust organizational expenses payable $ 331,656
Trust administration expenses payable 27,917
Trust corpus -
7,850,000 units of
beneficial interest
authorized, issued and
outstanding at June 30, 1994 147,999,014
-----------
TOTAL LIABILITIES
AND TRUST CORPUS $148,358,587
============
</TABLE>
The accompanying notes are an integral part of these condensed financial
statements.
- - --------------------------------------------------------------------------------
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<PAGE>
DOMINION RESOURCES BLACK WARRIOR TRUST
CONDENSED STATEMENT OF DISTRIBUTABLE LOSS (UNAUDITED)
- - --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
For The Period From
May 31, 1994
(Date Of Inception)
To June 30, 1994
----------------
<S> <C>
Royalty income $ --0--
Interest income --0--
------------
General and administrative
expenses (27,927)
------------
Distributable loss $ (27,927)
============
Distributable loss
per unit (7,850,000 units) $ (.003557)
============
</TABLE>
The accompanying notes are an integral part of these condensed financial
statements.
- - --------------------------------------------------------------------------------
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<PAGE>
DOMINION RESOURCES BLACK WARRIOR TRUST
CONDENSED STATEMENT OF CHANGES IN TRUST CORPUS (UNAUDITED)
- - --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
For The Period From
May 31, 1994
(Date Of Inception)
To June 30, 1994
--------------------
<S> <C>
Trust corpus, beginning of period $ 1,000
Conveyance of royalty interests
by Dominion Black Warrior Basin, Inc. 148,357,597
Distributable loss (27,927)
Trust formation costs (331,656)
------------
Trust corpus, end of period $147,999,014
============
Distributions per unit (7,850,000 units) $ --0--
============
</TABLE>
The accompanying notes are an integral part of these condensed financial
statements.
- - --------------------------------------------------------------------------------
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<PAGE>
DOMINION RESOURCES BLACK WARRIOR TRUST
NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)
- - --------------------------------------------------------------------------------
1. TRUST ORGANIZATION AND PROVISIONS
Dominion Resources Black Warrior Trust (the "Trust") was formed as a
Delaware business trust pursuant to the terms of the Trust Agreement of Dominion
Resources Black Warrior Trust (as amended, the "Trust Agreement") entered into
effective as of May 31, 1994, by and among Dominion Black Warrior Basin, Inc.,
an Alabama corporation (the "Company"), as trustor, Dominion Resources, Inc., a
Virginia corporation ("Dominion Resources"), and NationsBank of Texas, N.A., a
national banking association (the "Trustee"), and Mellon Bank (DE) National
Association, a national banking association (the "Delaware Trustee"), as
trustees. The trustees are independent financial institutions.
The Trust is a grantor trust formed to acquire and hold certain overriding
royalty interests (the "Royalty Interests") burdening proved natural gas
properties located in the Pottsville coal formation of the Black Warrior Basin,
Tuscaloosa County, Alabama (the "Underlying Properties") owned by the Company.
The Trust was initially created by the filing of its Certificate of Trust with
the Delaware Secretary of State on May 31, 1994. In accordance with the Trust
Agreement, the Company contributed $1,000 as the initial corpus of the Trust.
On June 28, 1994, the Royalty Interests were conveyed to the Trust by the
Company pursuant to the Overriding Royalty Conveyance (the "Conveyance") dated
effective as of June 1, 1994, from the Company to the Trust, in consideration
for all the 7,850,000 authorized units of beneficial interest ("Units") in the
Trust. A copy of the executed Conveyance is filed as an exhibit to this Form
10-Q. The Company transferred its Units to its parent, Dominion Energy, Inc., a
Virginia corporation, which in turn transferred such Units to its parent,
Dominion Resources, which sold 6,850,000 of such Units to the public through
various underwriters (the "Underwriters") in June 1994 (the "Public Offering").
All of the production attributable to the Underlying Properties is from the
Pottsville coal formation and currently constitutes coal seam gas that entitles
the owners of such production, provided certain requirements are met, to tax
credits pursuant to Section 29 of the Internal Revenue Code of 1986, as amended,
upon the production and sale of such gas.
The Trustee has all powers to collect and distribute proceeds received by
the Trust and to pay Trust liabilities and expenses. The Delaware Trustee has
only such powers as are set forth in the Trust Agreement or are required by law
and is not empowered to otherwise manage or take part in the management of the
Trust. The Royalty Interests are passive in nature and neither the Delaware
Trustee nor the Trustee has any control over, or any responsibility relating to,
the operation of the Underlying Properties or the Company's interest therein.
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<PAGE>
The Trust is subject to termination under certain circumstances described in
the Trust Agreement. Upon the termination of the Trust, all Trust assets will
be sold and the net proceeds thereof distributed to Unitholders.
The only assets of the Trust, other than cash and temporary investments
being held for the payment of expenses and liabilities and for distribution to
Unitholders, are the Royalty Interests. The Royalty Interests consist of
overriding royalty interests burdening the Company's interest in the Underlying
Properties. The Royalty Interests generally entitle the Trust to receive 65
percent of the Company's Gross Proceeds (as defined below). The Royalty
Interests are non-operating interests and bear only expenses related to
property, production and related taxes (including severance taxes). "Gross
Proceeds" consist generally of the aggregate amounts received by the Company
attributable to the interests of the Company in the Underlying Properties from
the sale of coal seam gas at the central delivery points in the gathering system
for the Underlying Properties. The definitions, formulas and accounting
procedures and other terms governing the computation of the Royalty Interests
are set forth in the Conveyance.
Because of the passive nature of the Trust and the restrictions and
limitations on the powers and activities of the Trustee contained in the Trust
Agreement, the Trustee does not consider any of the officers and employees of
the Trustee to be "officers" or "executive officers" of the Trust as such terms
are defined under applicable rules and regulations adopted under the Securities
Exchange Act of 1934.
2. BASIS OF ACCOUNTING
The financial statements of the Trust are prepared on a modified cash basis
and are not intended to present financial position and results of operations in
conformity with generally accepted accounting principles ("GAAP"). Preparation
of the Trust's financial statements on such basis includes the following:
- - - Royalty income recorded is the amount computed and paid by the Company, as
the owner of the interest in the Underlying Properties, to the Trustee.
Royalty income consists of 65% of the amounts received by the Company, as
the owner of the interests burdened by the Royalty Interests, from the sale
of production of coal seam gas from the Underlying Properties, net of the
Royalty Interests' share of property, production and related taxes.
- - - General and administrative expenses recorded are based on liabilities paid
and cash reserves established out of cash received.
- - - Amortization of the Royalty Interests is calculated on a unit-of-production
basis and charged directly to trust corpus.
- - - Distributions to Unitholders are recorded when declared by the Trustee (see
Note 4).
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<PAGE>
The financial statements of the Trust differ from financial statements
prepared in accordance with GAAP because royalty income is not accrued in the
period of production and amortization of the Royalty Interests is not charged
against operating results.
Dominion Resources sold an aggregate of 6,850,000 Units in the Public
Offering at a price of $20.00 per unit. Accordingly, the condensed statement of
assets, liabilities and trust corpus at June 30, 1994 reflects 6,850,000 Units
at the public offering price of $20 per Unit and the remaining 1,000,000 Units
at Dominion Resources' historical cost ($11,357,597). If Dominion Resources, in
the future, should sell all or a portion of the 1,000,000 retained Units, at
that time, the carrying value on the Trust's statement of assets, liabilities
and trust corpus would be adjusted from Dominion Resources' historical cost to
the subsequent sale price with respect to the Units sold. (See Note 5 for
information relating to the sale of a portion of the retained Units.) The
recorded balance of royalty interests in gas properties represents the
preliminary purchase price allocation and is subject to further adjustment.
3. FEDERAL INCOME TAXES
The Trust is a grantor trust for Federal income tax purposes. As a grantor
trust, the Trust will not be required to pay Federal or state income taxes.
Accordingly, no provision for income taxes has been made in these financial
statements.
Because the Trust will be treated as a grantor trust, and because a
Unitholder will be treated as directly owning an interest in the Royalty
Interests, each Unitholder will be taxed directly on his per Unit share of
income attributable to the Royalty Interests consistent with the Unitholder's
method of accounting and without regard to the taxable year or accounting method
employed by the Trust.
4. DISTRIBUTIONS TO UNITHOLDERS
The Trustee will determine for each calendar quarter the amount of cash
available for distribution to Unitholders. Such amount (the "Quarterly
Distribution Amount") is an amount equal to the excess, if any, of the cash
received by the Trust attributable to production from the Royalty Interests
during such quarter, provided that such cash is received by the Trust on or
before the last business day prior to the 45th day following the end of such
calendar quarter, plus the amount of interest expected by the Trustee to be
earned on such cash proceeds during the period between the date of receipt by
the Trust of such cash proceeds and the date of payment to the Unitholders of
such Quarterly Distribution Amount, plus all other cash receipts of the Trust
during such quarter (to the extent not distributed or held for future
distribution as a Special Distribution Amount (as defined below) or included in
the previous Quarterly Distribution Amount) (which might include sales proceeds
not sufficient in amount to qualify for a special distribution as described in
the next paragraph and interest), over the liabilities of the Trust paid during
such quarter and not taken into account in determining a prior Quarterly
Distribution Amount, subject to adjustments for changes made by the Trustee
during such quarter in any cash reserves established for the payment of
contingent or future obligations of the Trust. An amount which is not included
in the Quarterly Distribution Amount for a calendar
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<PAGE>
quarter because such amount is received by the Trust after the last business day
prior to the 45th day following the end of such calendar quarter will be
included in the Quarterly Distribution Amount for the next calendar quarter.
The Quarterly Distribution Amount for each quarter will be payable to
Unitholders of record on the 60th day following the end of such calendar quarter
unless such day is not a business day in which case the record date is the next
business day thereafter. The Trustee will distribute the Quarterly Distribution
Amount for each calendar quarter on or prior to 70 days after the end of such
calendar quarter to each person who was a Unitholder of record on the record
date for such calendar quarter.
The first distribution to Unitholders will be made on or before September 8,
1994 to Unitholders of record on August 29, 1994 and will be based upon amounts
received in respect of production attributable to the Royalty Interests during
the period from June 1, 1994 (the effective date of the Conveyance) through June
30, 1994. Depletion deductions and Section 29 tax credits will be available to
Unitholders only with respect to gas attributable to the Royalty Interests that
is produced and sold after June 28, 1994 (the date of the consummation of the
Public Offering).
The Royalty Interests may be sold under certain circumstances and will be
sold following termination of the Trust. A special distribution will be made of
undistributed net sales proceeds and other amounts received by the Trust
aggregating in excess of $10 million (a "Special Distribution Amount"). The
record date for a Special Distribution Amount will be the 15th day following the
receipt by the Trust of amounts aggregating a Special Distribution Amount
(unless such day is not a business day, in which case the record date will be
the next business day thereafter) unless such day is within 10 days or less
prior to the record date for a Quarterly Distribution Amount, in which case the
record date will be the date that is established for the next Quarterly
Distribution Amount. Distribution to Unitholders of a Special Distribution
Amount will be made no later than 15 days after the Special Distribution Amount
record date.
5. SUBSEQUENT EVENT
On August 4, 1994, the Underwriters notified Dominion Resources of the
exercise of their option to purchase an additional 54,000 Units on the same
terms as the Public Offering. The closing of the exercise of the option is
scheduled to occur on August 17, 1994.
Item 2. Trustee's Discussion and Analysis of Financial Condition and Results of
Operations.
The Trust will make quarterly cash distributions to holders of units of
beneficial interest ("Units") in the Trust ("Unitholders"). The only assets of
the Trust, other than cash and cash equivalents being held for the payment of
expenses and liabilities and for distribution to Unitholders, are certain
overriding royalty interests (the "Royalty Interests") burdening certain proved
natural gas properties located in the Pottsville coal formation of the Black
Warrior Basin, Tuscaloosa County, Alabama (the "Underlying Properties"). The
Royalty Interests owned by the Trust burden the interest in the Underlying
Properties that
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<PAGE>
is owned by Dominion Black Warrior Basin, Inc. (the "Company"), an indirect
wholly owned subsidiary of Dominion Resources, Inc. ("Dominion Resources").
Distributable income of the Trust consists of the excess of royalty income
plus interest income over the organizational and administrative expenses of the
Trust. Upon receipt by the Trust, royalty income is invested in short-term
investments in accordance with the Trust Agreement of Dominion Resources Black
Warrior Trust (as amended, the "Trust Agreement") until its subsequent
distribution to Unitholders.
The amount of distributable income of the Trust for any quarter may differ
from the amount of cash available for distribution to Unitholders in such
quarter due to differences in the treatment of the expenses of the Trust in the
determination of those amounts. The financial statements of the Trust are
prepared on a modified cash basis pursuant to which the expenses of the Trust
are recognized on an accrual basis. Consequently, the reported distributable
income (loss) of the Trust for any quarter is determined by deducting from the
income received by the Trust the amount of expenses accrued by the Trust during
such quarter. The amount of cash available for distribution to Unitholders,
however, is determined in accordance with the provisions of the Trust Agreement
and reflects the deduction from the income actually received by the Trust of the
amount of expenses actually paid by the Trust. (See Note 4 to the condensed
financial statements of the Trust appearing elsewhere in this Form 10-Q for
additional information regarding the determination of the amount of cash
available for distribution to Unitholders.)
Period from May 31, 1994 (Date of Inception) Through June 30, 1994
- - ------------------------------------------------------------------
The Royalty Interests consist of overriding royalty interests burdening the
Company's interest in the Underlying Properties. The Royalty Interests
generally entitle the Trust to receive 65 percent of the Company's Gross
Proceeds (as defined below) during the preceding calendar quarter. The Royalty
Interests are non-operating interests and bear only expenses related to
property, production and related taxes (including severance taxes). "Gross
Proceeds" consist generally of the aggregate amounts received by the Company
attributable to the interests of the Company in the Underlying Properties from
the sale of coal seam gas at the central delivery points in the gathering system
for the Underlying Properties. The definitions, formulas and accounting
procedures and other terms governing the computation of the Royalty Interests
are set forth in the Overriding Royalty Conveyance from the Company to the
Trust, a copy of which is filed as an exhibit to this Form 10-Q.
The conveyance of the Royalty Interests to the Trust occurred on June 28,
1994, with an effective date of June 1, 1994. Accordingly, the transfer of the
Royalty Interests is reflected as an increase in trust corpus during the period.
The Royalty Interests are valued at an amount equal to the gross proceeds of the
sale of 6,850,000 Units to the public through various underwriters in June 1994,
plus 1,000,000 Units retained by Dominion Resources that are valued at Dominion
Resources' historical cost. The recorded balance of the Royalty Interests and
trust corpus represents the preliminary purchase price allocation and is subject
to further adjustment.
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<PAGE>
The Trust did not receive any royalty income during the period from May 31,
1994 (date of inception) to June 30, 1994. Administrative expenses during the
period amounted to $27,927. These expenses are primarily related to
administrative services provided by Dominion Resources and the Trustee and
Mellon Bank (DE) National Association, a national banking association, during
the period. These transactions resulted in a distributable loss for the period
of $27,927, or $.003557 per Unit. Formation costs, which are charged directly
to trust corpus, during the period amounted to $331,656 and consisted primarily
of filing, legal and acceptance fees.
Because the Trust incurs administrative expenses throughout a quarter but
receives its royalty income only once in a quarter, the Trustee expects to
establish in the third quarter of 1994 a cash reserve in the amount of $135,000
for the payment of expenses and liabilities of the Trust. The quarterly
distribution to be made in the 1994 third quarter will be reduced by the amount
of this reserve in accordance with the provisions of the Trust Agreement. The
Trustee anticipates that it will maintain for the foreseeable future a cash
reserve to enable it to pay administrative expenses as they become due. The
amount of the cash reserve from time to time will fluctuate as expenses are paid
and royalty income is received.
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<PAGE>
PART II - OTHER INFORMATION
---------------------------
Item 6. Exhibits and Reports on Form 8-K.
(a) Exhibits
--------
Exhibit
Number Exhibit
------ -------
3.1 Trust Agreement of Dominion Resources Black Warrior
Trust dated as of May 31, 1994, by and among Dominion
Black Warrior Basin, Inc., Dominion Resources, Inc.,
Mellon Bank (DE) National Association and NationsBank of
Texas, N.A. (filed as Exhibit 3.1 to Dominion Resources,
Inc.'s Registration Statement* on Form S-3 (No. 33-
53513), and incorporated herein by reference).
3.2 First Amendment of Trust Agreement of Dominion
Resources Black Warrior Trust dated as of June 27, 1994,
by and among Dominion Black Warrior Basin, Inc.,
Dominion Resources, Inc., Mellon Bank (DE) National
Association and NationsBank of Texas, N.A.
10.1 Overriding Royalty Conveyance dated as of June 28, 1994,
from Dominion Black Warrior Basin, Inc. to Dominion
Resources Black Warrior Trust.
10.2 Administrative Services Agreement dated as of June 1,
1994, by and between Dominion Resources, Inc. and
Dominion Resources Black Warrior Trust.
(b) No reports on Form 8-K were filed during the quarter for which this
report is filed.
* Filed by Dominion Resources on its own behalf and as sponsor of the Trust.
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<PAGE>
SIGNATURES
----------
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
DOMINION RESOURCES BLACK
WARRIOR TRUST
By: NATIONSBANK OF TEXAS, N.A.,
Trustee
By: /s/ Ron E. Hooper
------------------------------
Ron E. Hooper
Vice President
Date: August 10, 1994
(The Trust has no directors or executive officers.)
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<PAGE>
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Sequentially
Exhibit Numbered
Number Exhibit Page
- - -------- ------- ----------
<C> <S> <C>
3.1 Trust Agreement of Dominion Resources Black
Warrior Trust dated as of May 31, 1994 by and
among Dominion Black Warrior Basin, Inc.,
Dominion Resources, Inc., Mellon Bank (DE)
National Association and NationsBank of Texas,
N.A. (filed as Exhibit 3.1 to Dominion
Resources, Inc.'s Registration Statement on
Form S-3 (No. 33-53513), and incorporated
herein by reference)
3.2 First Amendment of Trust Agreement of
Dominion Resources Black Warrior Trust dated
as of June 27, 1994, by and among Dominion
Black Warrior Basin, Inc., Dominion Resources,
Inc., Mellon Bank (DE) National Association
and NationsBank of Texas, N.A.
10.1 Overriding Royalty Conveyance dated as of
June 28, 1994, from Dominion Black Warrior
Basin, Inc. to Dominion Resources Black
Warrior Trust
10.2 Administrative Services Agreement dated as of
June 1, 1994, by and between Dominion
Resources, Inc. and Dominion Resources Black
Warrior Trust
</TABLE>
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<PAGE>
EXHIBIT 3.2
FIRST AMENDMENT
OF
TRUST AGREEMENT
OF
DOMINION RESOURCES BLACK WARRIOR TRUST
Among
DOMINION BLACK WARRIOR BASIN, INC.,
DOMINION RESOURCES, INC.,
MELLON BANK (DE) NATIONAL ASSOCIATION
and
NATIONSBANK OF TEXAS, N.A.
Dated: June 27, 1994
<PAGE>
FIRST AMENDMENT
OF
TRUST AGREEMENT
OF
DOMINION RESOURCES BLACK WARRIOR TRUST
This First Amendment, dated as of the 27th day of June, 1994, to the Trust
Agreement (the "Agreement") of Dominion Resources Black Warrior Trust (the
"Trust") effective as of the 31st day of May, 1994, by and among DOMINION BLACK
WARRIOR BASIN, INC., an Alabama corporation with its principal office in
Richmond, Virginia, as trustor, DOMINION RESOURCES, INC., a Virginia corporation
with its principal office in Richmond, Virginia, not as trustor but as sponsor
and to evidence its agreements contained in the Agreement and this First
Amendment, MELLON BANK (DE) NATIONAL ASSOCIATION, a banking association
organized under the laws of the United States of America with its principal
office in the State of Delaware, and NATIONSBANK OF TEXAS, N.A., a banking
association organized under the laws of the United States of America with its
principal office in Dallas, Texas, as trustees, provides as follows:
1. Section 6.02(g) of the Agreement shall become Section 6.02(h) and the
following shall be inserted as Section 6.02(g):
(g) Dominion Resources shall indemnify and hold harmless the Trust
from and against any and all Expenses which the Trust may suffer or incur
or to which the Trust may become subject as a result of or arising out of
any assertion or determination that the Conveyance is void or voidable
because of any failure of the Trust or Trustees to qualify to do business
in the State of Alabama, it being understood that, notwithstanding any
other provision hereof to the contrary, for purposes of the foregoing
indemnity Expenses shall include, without limitation, all amounts paid or
payable under the Conveyance assuming its enforceability notwithstanding
any assertion or determination to the contrary. Nothing in this Section
6.02(g) shall be deemed to impose on the Trustees any obligation to qualify
either the Trust or themselves to do business in the State of Alabama.
2. The parties hereto acknowledge that this First Amendment is deemed
effective as of the 27th day of June, 1994 and has been entered into and
executed prior to the Closing, as defined in the Agreement.
<PAGE>
IN WITNESS WHEREOF, each of the parties hereto has caused this First
Amendment to be executed by its duly authorized officer, as of the day and year
first above written.
SPONSOR:
DOMINION RESOURCES, INC.
By:/s/ Linwood R. Robertson
------------------------------------------
Linwood R. Robertson
Vice President - Finance and Treasurer
TRUSTOR:
DOMINION BLACK WARRIOR BASIN, INC.
By:/s/ G. E. Lake, Jr.
------------------------------------------
G. E. Lake, Jr.
Vice President
DELAWARE TRUSTEE:
MELLON BANK (DE) NATIONAL
ASSOCIATION
By:/s/ Sandy S. McKenna
------------------------------------------
Sandy S. McKenna
Assistant Vice President
TRUSTEE:
NATIONSBANK OF TEXAS, N.A.
By:/s/ Ron E. Hooper
------------------------------------------
Ron E. Hooper
Vice President
<PAGE>
ACKNOWLEDGEMENT
STATE OF NEW YORK (S)
(S)
CITY OF NEW YORK (S)
On the 28th day of June, 1994, before me personally came Linwood R.
Robertson, known to me to be Vice President - Finance and Treasurer of DOMINION
RESOURCES, INC., the corporation that executed the foregoing instrument, who,
being duly sworn, acknowledged that he knows the seal of said corporation; that
the seal affixed to said instrument is such corporate seal; that it was so
affixed by the order of the Board of Directors of said corporation; and that he
signed his name thereto by like order.
/s/ Danelle Gager
---------------------------------------------
Notary Public
My commission expires: June 15, 1995
-------------------------
ACKNOWLEDGEMENT
STATE OF NEW YORK (S)
(S)
CITY OF NEW YORK (S)
On the 28th day of June, 1994, before me personally came G. E. Lake, Jr.,
known to me to be Vice President of DOMINION BLACK WARRIOR BASIN, INC., the
corporation that executed the foregoing instrument, who, being duly sworn,
acknowledged that he knows the seal of said corporation; that the seal affixed
to said instrument is such corporate seal; that it was so affixed by the order
of the Board of Directors of said corporation; and that he signed his name
thereto by like order.
/s/ Danelle Gager
-----------------------------------------------
Notary Public
My commission expires: June 15, 1995
-------------------------
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<PAGE>
ACKNOWLEDGEMENT
STATE OF (S)
(S)
CITY OF (S)
On the 28th day of June, 1994, before me personally came Sandy S. McKenna,
known to me to be Assistant Vice President of MELLON BANK (DE) NATIONAL
ASSOCIATION, the national banking association that executed the foregoing
instrument, who, being duly sworn, acknowledged that she knows the seal of said
association; that the seal affixed to said instrument is such seal; that it was
so affixed by the order of the Board of Directors of said association; and that
she signed her name thereto by like order.
/s/ Irene Materna
-----------------------------------------------
Notary Public
My commission expires: January 20, 1996
-------------------------
ACKNOWLEDGEMENT
STATE OF NEW YORK (S)
(S)
CITY OF NEW YORK (S)
On the 28th day of June, 1994, before me personally came Ron E. Hooper,
known to me to be Vice President of NATIONSBANK OF TEXAS, N.A., the national
banking association that executed the foregoing instrument, who, being duly
sworn, acknowledged that he knows the seal of said association; that the seal
affixed to said instrument is such seal; that it was so affixed by the order of
the Board of Directors of said association; and that he signed his name thereto
by like order.
/s/ Danelle Gager
---------------------------------------------
Notary Public
My commission expires: June 15, 1995
-------------------------
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<PAGE>
Exhibit 10.1
This instrument prepared by: Source of Title: Deed Book 1138
Page 173
Hugh Tucker, Esquire For recording purposes only
Baker & Botts, L.L.P. this instrument conveys
1299 Pennsylvania Ave., N.W. approximately 33,391 net
Washington, D.C. 20004-2400 mineral acres.
OVERRIDING ROYALTY CONVEYANCE
DOMINION BLACK WARRIOR BASIN, INC., an Alabama corporation, ("As-
signor"), for and in consideration of the sum of Ten Dollars ($10.00) and
other good and valuable consideration paid to it by NATIONSBANK OF TEXAS,
N.A., a national banking association ("Trustee"), and MELLON BANK (DE)
NATIONAL ASSOCIATION, a national banking association ("Delaware Trustee"), as
trustees under that certain Trust Agreement dated as of May 31, 1994
establishing the DOMINION RESOURCES BLACK WARRIOR TRUST, a Delaware business
trust (Trustee and Delaware Trustee and any successors collectively called
"Trustees" or "Assignee"), the receipt and sufficiency of which are hereby
acknowledged, has granted, bargained, sold, conveyed, transferred, assigned,
set over and delivered, and by these presents does hereby grant, bargain,
sell, convey, transfer, assign, set over and deliver unto Assignee, an
overriding royalty interest (collectively, the "Royalty Interests" and
individually, a "Royalty Interest") equal to and consisting of an undivided
sixty-five percent (65%) interest in and to the Subject Gas, including,
subject to the provisions of Section 7.02 hereof, that share of revenue from
each Proration Unit (as defined in Article I) set forth in the "Royalty
Interests" columns on Schedule A hereto with such Royalty Interests to be
non-expense bearing (other than Taxes) interests for all purposes.
<PAGE>
TO HAVE AND TO HOLD the Royalty Interests, together with all and
singular the rights and appurtenances thereto in anywise belonging, unto
Assignee, its successors and assigns, subject, however, to the terms and
provisions of this Conveyance; and Assignor does by these presents bind and
obligate itself, its successors and assigns, to WARRANT and FOREVER defend
all and singular the Royalty Interests unto Assignee, its successors and
assigns, against every person whomsoever lawfully claiming or to claim the
same or any part thereof by, through or under Assignor, but not otherwise.
ARTICLE I
Definitions
As used herein, the following words, terms and phrases shall have the
following meanings:
"Affiliate" means, as to the party specified, any Person controlling,
controlled by or under common control with such party, with the concept of
control in such context meaning the possession, directly or indirectly, of the
power to direct or cause the direction of the management and policies of
another, whether through the ownership of voting securities, by contract or
otherwise.
"Business Day" means any day which is not a Saturday, Sunday or other day
on which national banking institutions are closed as authorized or required by
law in the city in which the Trustee pursuant to the Trust Agreement has its
principal trust offices.
"Code" means the Internal Revenue Code of 1986, as amended.
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<PAGE>
"Company Interests" means each and every kind and character of right,
title, claim or interest that Assignor has at the Effective Time on the
Effective Date in the leasehold estate and the Leased Land in and under the
Leases and any and all renewals and extensions of any of the same, insofar and
only insofar as each such Lease covers the Leased Land, and the unitization,
pooling and operating agreements and orders relating to the Leases or any
portions thereof insofar as they cover the Leased Land, and the Proration Units
created thereby, as described in Schedule A attached hereto, all as the same
----------
shall be enlarged by virtue of the provisions hereof or by the discharge of any
payments out of production or by the removal of any charges or encumbrances to
which any of the same were subject at the Effective Time on the Effective Date.
"Company Interests Owner" means the Assignor while it owns all or part of
the Company Interests and any other Person or Persons who acquire all or any
part of such Company Interests or any operating rights therein other than a
royalty, overriding royalty, production payment or net profits interest.
"Computation Period" means (i) the period commencing at the Effective
Time on the Effective Date and ending on June 30, 1994 and (ii) each calendar
quarter thereafter ending on the last day of each calendar quarter.
"Conveyance" means this Overriding Royalty Conveyance.
"Effective Date" means June 1, 1994.
"Effective Time" means 12:01 a.m. local time in effect at the location of
each Company Interest on the date specified.
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<PAGE>
"Existing Burdens" means all lessors' and/or landowners' royalties and
any and all other royalties, overriding royalties, production payments, net
profits interests and/or other burdens on production (other than the Royalty
Interests) that are existing and of record as of the Effective Time on the
Effective Date.
"Gas" means hydrocarbons that, at atmospheric conditions of temperature
and pressure at the wellhead, are in a gaseous phase.
"Governmental Authority" means the United States of America, any state,
commonwealth, territory or possession thereof and any political subdivision of
any of the foregoing, including, but not limited to, courts, departments,
commissions, boards, bureaus, agencies or other instrumentalities.
"Gross Proceeds" means the amounts actually received by the Company
Interests Owner as revenues from the sale of Subject Gas (determined before
calculating the Royalty Interests hereunder) subject to the qualifications set
forth in Section 3.04. Any Subject Gas used to operate the compression and
dehydration facilities at the central gathering points shall for purposes of
this definition be deemed to be sold at the same price as the remaining Subject
Gas produced at such time and the proceeds therefrom shall be deemed to be
received by the Company Interests Owner at the time of such use.
"Leased Land" means, for each Lease, the land covered by such Lease
insofar as such Lease covers the Pottsville Formation.
"Leases" means the oil, gas and mineral leases described in Schedule A
----------
attached hereto, and made a part hereof, and any and all extensions or renewals
thereof.
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<PAGE>
"Legal Requirement" means any law, statute, ordinance, decree,
requirement, order, judgment, rule or regulation of, including the terms of any
license or permit issued by, any Governmental Authority.
"Mcf" means one thousand cubic feet of Gas at a pressure of 14.73
pounds per square inch absolute and a temperature of 60 degrees Fahrenheit,
unless otherwise specified.
"Non-Affiliate" means, as to the party specified, any Person who is not
an Affiliate of such party.
"Person" means any individual, corporation, partnership, trust, estate or
other entity or organization.
"Pottsville Formation" means the formation identified as the "Pottsville
Formation" by the Special Field Rules established by the State Oil and Gas Board
of Alabama for the Blue Creek, Deerlick Creek, and Oak Grove Coal Degasification
Fields.
"Prime Interest Rate" means a varying interest rate per annum equal to
the interest rate publicly announced in New York, New York by Citibank, N.A. (or
its successor) from time to time as its prime commercial lending rate.
"Proration Unit" means each parcel of land designated as such in Schedule
--------
A, but limited to the Pottsville Formation.
- - -
"Purchaser" means a purchaser of the Subject Gas, or any portion thereof.
"Royalty Owner" means the Assignee while it owns an interest in the
Royalty Interests, and any other Person or Persons who subsequently acquire
legal title to all or a portion of the Royalty Interests.
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<PAGE>
"Sale" means a sale, sublease or lease or other disposition of a Company
Interest, or a portion thereof, by Company Interests Owner for a cash
consideration or other thing of value.
"Sales Contracts" means all contracts and agreements for the offer or
sale of, or commitment to offer or sell, or right of first refusal to purchase,
Subject Gas.
"Sonat Agreement" means that certain gas purchase agreement dated May 3,
1994 between Assignor, as seller and Sonat Marketing Company, Inc., as buyer
with respect to the Subject Gas.
"Subject Gas" means all Gas in and under, and that may be produced from,
and that shall be attributable to, the Company Interests from and after the
Effective Time on the Effective Date subject to the qualifications set forth in
Section 3.04(a).
"Taxes" means all severance, privilege, gross production and other
similar taxes imposed on the production of Subject Gas, other than income taxes,
net of any reimbursements of such severance, privilege, production or other
similar taxes received from Purchasers of the Subject Gas.
"Trust" means the Dominion Resources Black Warrior Trust established
pursuant to the Trust Agreement.
"Trust Agreement" means the Dominion Resources Black Warrior Trust
Agreement dated as of May 31, 1994 among Dominion Resources, Inc., a Virginia
corporation, Assignor, as trustor, and Trustees, as trustees, which agreement
established the Trust under the laws of the State of Delaware.
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<PAGE>
"Units" means units of beneficial interest in the Trust or any successor
trust.
ARTICLE II
Records and Reports
2.01. Books and Records. The Company Interests Owner shall at all times
maintain true and correct books and records sufficient to determine the amounts
payable to Royalty Owner hereunder.
2.02. Inspections. The books and records referred to in Section 2.01
shall be open for inspection by Royalty Owner and its representatives at the
office of the Company Interests Owner during normal business hours.
2.03. Quarterly Statements. Within forty-five (45) days after the close
of each Computation Period, the Company Interests Owner shall deliver to Royalty
Owner a statement showing, in reasonable detail, the computation of the amounts
payable to the Royalty Owner from the Royalty Interests for such Computation
Period. Such Quarterly Statements shall include a statement, and any necessary
supporting calculations, as to the status of the Company Interests Owner's
performance of its Pratt recompletion obligations under Section 6.08 and any
payments to be made pursuant thereto.
2.04. Royalty Owner's Exceptions to Quarterly Statements. If Royalty
Owner shall take exception to any quarterly statement rendered by the Company
Interests Owner, Royalty Owner shall notify the Company Interests Owner in
writing within 180 days after the receipt of such statement, setting forth in
such notice the specific matters complained of and to
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<PAGE>
which exception is taken; and with respect to such complaints and exceptions as
are justified, adjustment shall be made. If Royalty Owner shall fail to give the
Company Interests Owner notice of such complaints and exceptions prior to the
expiration of such 180-day period, then the statements for such Computation
Period as originally rendered by the Company Interests Owner shall be deemed to
be correct as rendered absent manifest error.
2.05. Annual Statements and Audit Reports. Within 60 days after the end
of each calendar year, if requested by Royalty Owner, the Company Interests
Owner shall deliver to Royalty Owner an unaudited statement showing, on an
annual basis, the information provided for in Section 2.03. Within 90 days after
the end of each calendar year, the Company Interests Owner shall deliver to
Royalty Owner a statement that has been audited by a nationally recognized firm
of independent public accountants, which statement shall show on an annual basis
the information provided for in Section 2.03. Royalty Owner shall bear the cost
of each such audit. The Company Interests Owner shall provide to Royalty Owner
reasonable access to the Company Interests Owner's books and records relating to
the Company Interests and such information as Royalty Owner may reasonably
request in connection with such audit.
ARTICLE III
Payment and Determination of Royalty Interests
3.01. Payment. On or before the last Business Day before the 45th day
after the close of each Computation Period, the Company Interests Owner shall
pay to Royalty Owner by wire transfer of immediately available funds to the
account specified from time to time by
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<PAGE>
the Royalty Owner a sum equal to the Royalty Owner's share of Gross Proceeds
theretofore received with respect to Subject Gas sold prior to the end of such
Computation Period and not previously paid, subject to Section 3.04(c) below.
3.02. Interest on Past Due Payments. Any amount not paid by Company
Interests Owner to Royalty Owner within 10 days after such amount is due shall
bear, and Company Interests Owner will pay, interest at the Prime Interest Rate,
determined at the end of each Computation Period, from such due date until such
amount is paid, but not in excess of the maximum amount allowed by law.
3.03. Overpayment. If at any time Company Interests Owner pays Royalty
Owner more than the amount due, Royalty Owner shall not be obligated to return
any such overpayment, but the amount or amounts otherwise payable for any
subsequent period or periods shall be reduced by such overpayment, plus an
amount equal to interest computed at the Prime Interest Rate in effect during
the period of such overpayment.
3.04. Certain Provisions Governing the Computation of the Royalty
Interests.
All of the provisions of this Conveyance shall be subject to the
following:
(a) Subject Gas.
-----------
(i) Subject Gas shall not include Gas attributable to nonconsent
operations conducted with respect to the Company Interests (or any portion
thereof) as to which the Company Interests Owner shall be a nonconsenting party
and that is dedicated to the recoupment or reimbursement of costs and expenses
of the consenting party or parties by the terms of the relevant operating
agreement, unit agreement, contract for development or other instrument
providing for such nonconsent operations, provided Company Interests Owner's
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<PAGE>
election not to participate in such operations is made in conformity with the
provisions of Section 6.02 hereof.
(ii) Subject Gas shall not include Gas unavoidably lost in the
production thereof.
(iii) Subject Gas shall include Gas produced from any Proration
Unit used to operate the compression and dehydration facilities at the central
gathering points, but shall not include (a) such Gas if previously included in
Subject Gas, or (b) any other Gas produced from any Proration Unit that is used
by the Company Interests Owner in conformity with historical practices for fuel
gas for compression in connection with gathering from the Leased Land to a
central delivery point and for field compression and production operations
conducted for the purpose of producing Subject Gas.
(b) Receipt of Gross Proceeds.
-------------------------
(i) Any cash consideration or other thing of value received by
the Company Interests Owner for any Sale by Company Interests Owner of any of
the Company Interests, or any part thereof, shall not be included in Gross
Proceeds.
(ii) If a controversy or possible controversy exists (whether by
reason of any Legal Requirement, contract or otherwise) as to the correct or
lawful sales price of any Subject Gas, then:
(a) amounts withheld by the Purchaser or deposited by it
with an escrow agent shall not be considered to be received by
the Company Interests Owner until actually collected by
Company Interests Owner, but
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<PAGE>
any interest, penalty, or other amount paid to Company Interests
Owner in respect thereof shall be included in Gross Proceeds;
(b) amounts received by the Company Interests Owner and
promptly deposited by it with a Non-Affiliate escrow agent, to be
placed in interest bearing accounts under usual and customary
terms, shall not be considered to have been received by the
Company Interests Owner, but all amounts thereafter paid to
Company Interests Owner by such escrow agent (including interest
thereon) shall be considered to be amounts received from the sale
of Subject Gas; and
(c) amounts received by Company Interests Owner and not
deposited with an escrow agent shall be considered to be
received for purposes of determining Gross Proceeds.
(c) Taxes. The Royalty Interests shall bear their
-----
proportionate share of Taxes; however, the Royalty Owner hereby authorizes
and directs Company Interests Owner to deduct such Taxes from each payment to
the Royalty Owner and pay (or cause to be paid) such Taxes on Royalty Owner's
behalf.
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<PAGE>
ARTICLE IV
Marketing of Subject Gas
4.01. Sales Contracts. Company Interests Owner shall use such efforts to
market or cause to be marketed all Subject Gas at such prices and on such terms
as would a reasonably prudent operator. For such purposes, sales of Subject Gas
may continue to be made by Company Interests Owner pursuant to the Sonat
Agreement. Company Interests Owner may amend the Sonat Agreement so long as (a)
except as specifically set forth in this Section 4.01, the provisions setting
the minimum price and ceiling price and the obligation to purchase the base
quantities of Subject Gas through December 31, 1998 are not modified and (b)
such amendment, in Company Interests Owner's judgment acting as would a
reasonably prudent operator, does not adversely affect the Royalty Interests. In
the event the Company Interests Owner amends the Sonat Agreement so as to lower
the base quantities to which the minimum price and ceiling price apply, the
Company Interests Owner shall be obligated to pay the Trust for each Computation
Period the difference, if any, between (i) the amount of Gross Proceeds that
would have been generated during such Computation Period if the contract had not
been amended and (ii) the Gross Proceeds actually generated. Company Interests
Owner agrees, except as provided in the following sentence, not to take any
action to terminate the put and call arrangements Sonat has currently in place
to minimize its losses as a result of the minimum price provisions of the Sonat
Agreement. In the event Company Interests Owner amends the Sonat Agreement to
reduce the base quantities, the existing put and call arrangement may be
terminated provided that Sonat enters into a replacement put and call
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<PAGE>
arrangement as to the revised base quantities with a nationally recognized
commodities brokerage firm. Company Interests Owner may enter into one or
more Sales Contracts in the future at such prices and containing such terms
as would a reasonably prudent operator.
4.02. Performance of Sales Contracts. Company Interests Owner shall duly
perform all material obligations binding on it under Sales Contracts in
accordance with the terms thereof and shall take all measures which, in its sole
judgment, it shall deem appropriate to enforce the performance under each of the
Sales Contracts of the obligations of the Purchaser thereunder.
4.03. Reliance by Third Party. As to any party to a Sales Contract, the
acts of Company Interests Owner shall be binding on Royalty Owner, but shall not
release Company Interests Owner from its obligations thereunder. Royalty Owner
will not be required to join with Company Interests Owner in any division or
transfer order or any Sales Contract. Proceeds from the Subject Gas produced and
sold from the Company Interests will be paid by purchasers thereof directly to
Company Interests Owner (or its operator) without the necessity of joinder by or
consent of Royalty Owner.
ARTICLE V
Non-Liability of Royalty Owner
In no event shall Royalty Owner or the Trustees be liable or responsible
in any way for any costs or liabilities incurred by Company Interests Owner or
other lessees attributable to the Company Interests or to the Subject Gas. It is
the express intention and agreement of
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<PAGE>
Assignor and Assignee that the Royalty Interests shall constitute non-expense
bearing (other than Taxes) interests for all purposes.
ARTICLE VI
Operation of Company Interests
6.01. Reasonably Prudent Operator Standard. Company Interests Owner
agrees that it will conduct and carry on, as would a reasonably prudent
operator, or cause to be so conducted or carried on, the development,
maintenance and operation of the Company Interests as if not burdened by the
Royalty Interests (i.e., an operator entitled to receive 100% of the Gross
Proceeds, able to utilize fully all the tax credits attributable to the Subject
Gas and obligated to bear 100% of the costs of such development, maintenance and
operation).
6.02. Nonconsent. Provided Company Interests Owner complies with its
obligations under Section 6.01 or is acting in accordance with the requirements
of Section 6.07, Company Interests Owner may elect not to participate in any
operation that is to be conducted under the terms of any operating agreement,
unit operating agreement, contract for development or similar instrument
affecting or pertaining to the Company Interests (or any portion thereof).
6.03. Abandonment of Properties. Nothing in this Conveyance shall
obligate Company Interests Owner to operate or continue to operate any well or
to operate or maintain in force or attempt to maintain in force any of the
Leases when, in Company Interests Owner's opinion acting as would a reasonably
prudent operator, as provided in Section 6.01, such well
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<PAGE>
or Lease ceases to produce or is not capable of producing Gas in commercial
quantities (determined before giving effect to the Royalty Interests). Under
such circumstances the expiration of a Lease in accordance with its terms and
conditions shall not be considered to be a voluntary surrender or abandonment
thereof.
6.04. Insurance. Company Interests Owner shall not be required to
maintain insurance covering the Property upon the Company Interests or the risks
incident to the operation thereto.
6.05. No Right To Take Production In-Kind. Notwithstanding anything to
the contrary in this Conveyance, Royalty Owner shall have no right to take in
kind the production of Gas attributable to the Royalty Interests.
6.06. Non-Operating Interest. It is the express intent and agreement of
Company Interests Owner and Royalty Owner that the Royalty Interests shall
constitute (and this Conveyance shall conclusively be construed for all purposes
as creating) a non-operating interest in the Company Interests for all purposes.
Without limitation of the generality of the immediately preceding sentence,
Company Interests Owner and Royalty Owner acknowledge that Royalty Owner has no
right or power to participate in the selection of a drilling contractor, to
propose the drilling of a well, to determine the timing or sequence of drilling
operations, to commence or shut down production, to take over operations or to
share in any operating decision whatsoever (including, without limitation, the
alteration, change, amendment or termination of the unit agreements, operating
agreements, the Leases or any other type of contract, conveyance or instrument,
recorded or unrecorded, as heretofore or hereafter entered into, as to all or
any part of the Company Interests hereunder). Company Interests Owner and
Royalty Owner hereby
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<PAGE>
expressly negate any intent to create (and this Conveyance shall never be
construed as creating) a mining or other partnership or joint venture.
6.07. No Infill Drilling. Except as required by law, Company Interests
Owner shall not consent to, cooperate with, assist in, or conduct any infill
drilling on the Leased Land. Subject to Section 6.01, nothing herein shall
require Company Interests Owner to affirmatively prevent consenting parties from
conducting nonconsent operations within the Proration Units.
6.08. Behind Pipe Recompletions. Company Interests Owner shall
recomplete the Wells set forth on Schedule B to recover certain "behind-pipe"
reserves in the Pratt seam by March 31, 1997 in accordance with the minimum
Pratt recompletions schedule set forth on Schedule C. The Company Interests
Owner shall pay (at the time the quarterly payments are made pursuant to Section
3.01) for each Computation Period beginning with the Computation Period ending
December 31, 1994 and continuing through the Computation Period ending March 31,
1997 an amount equal to $1,850 per well for all such wells not recompleted on a
cumulative basis in accordance with Schedule C. If Company Interests Owner fails
to recomplete all such Wells by March 31, 1997, Company Interests Owner shall
pay (at the time the next quarterly payment is made pursuant to Section 3.01)
Royalty Owner the value attributed to such "behind-pipe" reserves for each Well
not recompleted as such value is set forth on Schedule B for such Well.
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<PAGE>
ARTICLE VII
Pooling and Unitization
7.01. Pooled Company Interests. Each of the Company Interests have been
heretofore pooled or unitized for the production of Gas. Each of the Company
Interests are and shall be subject to the terms and provisions of the applicable
pooling or unitization agreements and orders, and the Royalty Interest with
respect to a Proration Unit shall apply to and affect only the production from
such Proration Unit that is attributable to such Company Interest under and by
virtue of such applicable pooling and unitization agreements and orders.
7.02. Right to Pool. Company Interests Owner shall have the right and
power, exercisable only during the period provided in Section 7.03, to pool or
unitize any of the Company Interests and to alter, change, amend or terminate
any pooling or unitization agreements heretofore or hereafter entered into, as
to all or any part of the Leased Land, upon such terms and provisions as Company
Interests Owner shall in its sole discretion determine; provided, however,
Company Interests Owner shall not take such action if, in Company Interests
Owner's judgment acting as would a reasonably prudent operator, such action
would adversely affect the Royalty Interests. If and whenever through the
exercise of such right and power, or pursuant to any Legal Requirement, any of
the Company Interests are pooled or unitized in any manner, the Royalty
Interest, insofar as it affects such Company Interest, shall also be pooled or
unitized, as the case may be, and in any such event such Royalty Interest in
such Company Interest shall apply to and affect only the Gas production that is
attributable to such Company Interest under and by virtue of the pooling or
unitization.
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<PAGE>
7.03. Applicable Period. Company Interests Owner's power and right to
pool and unitize the Company Interests and the Royalty Interests shall be
exercisable and enjoyed only during the period for the life of the last survivor
of the descendants of Joseph P. Kennedy, father of the late President of the
United States of America, living on the date of execution hereof, plus 21 years
after the death of such last survivor, or the term of this Conveyance, whichever
period shall first expire.
ARTICLE VIII
Government Regulation
All obligations of Company Interests Owner hereunder shall be subject to
all applicable Legal Requirements, and all applicable orders, rules, regulations
and decisions of every court and Governmental Authority having jurisdiction over
Assignor, the Company Interests or the Subject Gas.
ARTICLE IX
Assignments
9.01. Assignment by Company Interests Owner. Company Interests Owner
shall have the right to assign, sell, transfer, convey, mortgage or pledge the
Company Interests, or any part thereof, subject to the Royalty Interests and the
terms and provisions of this Conveyance.
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<PAGE>
9.02. Separate Computation. If Company Interests Owner assigns, sells,
transfers or otherwise conveys part, but not all, of the Company Interests then
effective as of the date of such conveyance, in computing the Royalty Interests
payable with respect to production from such conveyed Company Interests, Gross
Proceeds attributable to the conveyed interest will be computed separately from
the unassigned interest. From and after such separation, the obligations of each
Company Interests Owner shall be several and shall relate only to the Company
Interest owned by such Company Interests Owner.
9.03. Assignment by Royalty Owner. (a) Royalty Owner shall have the
right to assign, sell, transfer, convey, mortgage or pledge all or an undivided
interest in the Royalty Interests at any time in whole or in part. No such
action will affect the method of computing Gross Proceeds, however, and if more
than one Person becomes entitled to participate in the Royalty Interests,
Company Interests Owner may withhold the information provided for in Article II
from Royalty Owner until Company Interests Owner is furnished a recordable
instrument executed by or binding upon all Persons owning an interest in such
Royalty Interests designating one Person who is to receive such information.
(b) If at any time the Royalty Owner is (i) made a party in any judicial
or administrative proceeding seeking the cancellation or forfeiture of any Lease
or Leases or asserting the invalidity of or otherwise challenging the Royalty
Interests or any portion thereof or (ii) notified by Company Interests Owner or
an Affiliate of Company Interests Owner in writing of any such proceeding to
which Company Interests Owner or such Affiliate is made a party relating to the
Company Interests, in either case because of the nationality, or any other
status, of any one or more holders of units of beneficial interest in the Trust,
Royalty Owner
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<PAGE>
shall have the right to sell (and, if so directed by Company Interests Owner
shall sell) that portion of the Royalty Interests attributable to any such Lease
or Leases. If Royalty Owner sells an interest in the Royalty Interests pursuant
to this paragraph (b), then effective as of the date of such sale, in computing
the Royalty Interests payable with respect to production from any such Lease or
Leases, Gross Proceeds attributable to any such Lease or Leases will be computed
separately from the remaining portion of the Company Interests.
9.04. Change in Ownership. No change of ownership or right to receive
payment of amounts attributable to the Royalty Interests, or of any part
thereof, however accomplished, shall be binding upon Company Interests Owner
until notice thereof shall have been furnished by the Person claiming the
benefit thereof, and then only with respect to payments thereafter made. Notice
of sale or assignment shall consist of a copy of the recorded instrument
accomplishing the same; notice of change of ownership or right to receive
payment accomplished in any other manner (for example, by reason of incapacity,
death or dissolution) shall consist of copies of recorded documents and complete
proceedings legally binding and conclusive of the rights of all parties. Until
such notice shall have been furnished Company Interests Owner as above provided,
the payment or tender of all sums payable on the Royalty Interests may be made
in the manner provided herein precisely as if no such change in interest
ownership or right to receive payment has occurred. The kind of notice herein
provided shall be exclusive, and no other kind, whether actual or constructive,
shall be binding on Company Interests Owner.
9.05. Rights of Mortgagee or Trustee. If Royalty Owner shall at any time
execute a mortgage or deed of trust covering all or part of the Royalty
Interests, the
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mortgagee(s) or trustee(s) therein named or the holder of any obligation secured
thereby shall be entitled, to the extent such mortgage or deed of trust so
provides, to exercise all the rights, remedies, powers and privileges conferred
upon Royalty Owner by the terms of this Conveyance and to give or withhold all
consents required to be obtained hereunder by Royalty Owner, but the provisions
of this Section 9.05 shall in no way be deemed or construed to impose upon
Company Interests Owner any obligation or liability undertaken by Royalty Owner
under such mortgage or deed of trust or under the obligation secured thereby.
ARTICLE X
Miscellaneous
10.01. Term. This Conveyance shall remain in force so long as at least
one of the Company Interests is in effect.
10.02. Further Assurances. Should any additional instruments of
assignment and conveyance be required to describe more specifically any
interests subject hereto, Company Interests Owner agrees to execute and deliver
the same. Also, if any other or additional instruments are required in
connection with the transfer of state or federal lease interests in order to
comply with applicable laws or regulations, Company Interest Owner will execute
and deliver the same.
10.03. Notices. All notices, statements and communications between the
parties hereto shall be by (a) personal delivery, (b) a nationally recognized
overnight courier,
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or (c) certified mail return receipt requested. Notice shall be deemed to have
been given upon receipt. All notices shall be addressed as follows:
If to Assignor: Dominion Black Warrior Basin, Inc.
P. O. Box 26532
Richmond, Virginia 23261
Attention: President
With a Copy to: Dominion Resources, Inc.
901 East Byrd Street
Richmond, Virginia 23261
Attention: General Counsel
If to Assignee: NationsBank of Texas, N.A., Trustee
901 Main Street, 12th Floor
P. O. Box 830308
Dallas, Texas 75283-0308
Attention: Dominion Resources Black
Warrior Trust, Trust
Administrator
and
Mellon Bank (DE) National
Association, Trustee
10th and Market Streets
Wilmington, Delaware 19801
Attention: Trust Department
Either party or the successors or assignees of the interest or rights or
obligations of either party hereunder may change its address or designate a new
or different address or addresses for the purposes hereof by a similar notice
given or directed to all parties interested hereunder at the time.
10.04. Successors and Assigns. Subject to the restrictions on assignments
set forth in Article IX, this Conveyance, and each and every provision hereof,
shall be binding
-22-
<PAGE>
upon and shall inure to the benefit of Assignor and Assignee, their respective
successors, successors-in-title, heirs and assigns.
10.05. No Waiver. The failure of Royalty Owner or Company Interests Owner
to insist upon strict performance of a covenant hereunder or of any obligation
hereunder, irrespective of the length of time for which such failure continues,
shall not be a waiver of such party's right to demand strict compliance in the
future. No consent or waiver, express or implied, to or of any breach or default
in the performance of any obligation hereunder shall constitute a consent or
waiver to or of any other breach or default in the performance of the same or
any other obligation hereunder.
10.06. Captions, Number and Gender. Titles or captions of Articles or
Sections contained in this Conveyance are inserted only as a matter of
convenience and for reference, and in no way define, limit, extend or describe
the scope of this Conveyance or the intent of any provision hereof. The plural
and singular numbers shall, where appropriate, include the singular and plural,
respectively, and words of any gender shall, where appropriate, include each
other gender.
10.07. Applicable Law. This Conveyance and the rights and obligations of
the parties hereunder shall be governed by and interpreted, construed and
enforced in accordance with the laws of Alabama.
10.08. Substitution of Warranty. This Conveyance is made with full
substitution and subrogation of Assignee as to its proportionate share of all
covenants and warranties heretofore given or made with respect to the Company
Interests, or any part thereof, or interest therein.
-23-
<PAGE>
10.09. Arbitration. Any dispute, controversy or claim that may arise
under the Conveyance shall be governed by and subject to the arbitration
provisions set forth in Article XIII of the Trust Agreement.
10.10. Counterparts. This Conveyance may be executed in a number of
counterparts, each of which shall constitute an original, but such counterparts
shall together constitute but one and the same instrument.
IN WITNESS WHEREOF, each of the parties hereto has caused this Conveyance
to be executed in its name and behalf by its proper signatory officer thereunto
duly authorized, in multiple originals, as of June 1, 1994.
ASSIGNOR:
--------
DOMINION BLACK WARRIOR BASIN, INC.
By: /s/ G.E. Lake, Jr.
-----------------------------------
G. E. Lake, Jr.
Vice President
ASSIGNEE:
--------
NATIONSBANK OF TEXAS, N.A., as Trustee for
the Dominion Resources Black Warrior Trust
By: /s/ Ron E. Hooper
-----------------------------------
Ron E. Hooper
Vice President
-24-
<PAGE>
MELLON BANK (DE) NATIONAL ASSOCIATION,
as Delaware Trustee for the Dominion Resources
Black Warrior Trust
By: /s/ Sandy S. McKeena
-----------------------------------
Sandy S. McKenna
Assistant Vice President
-25-
<PAGE>
STATE OF NEW YORK
CITY OF NEW YORK
I, the undersigned authority, a Notary Public in and for said City and
said State, hereby certify that G. E. Lake, Jr., whose name as Vice President of
DOMINION BLACK WARRIOR BASIN, INC., an Alabama corporation, is signed to the
foregoing conveyance, and who is known to me, acknowledged before me on this day
that, being informed of the contents of the conveyance, he, as such officer and
with full authority, executed the same voluntarily for and as the act of said
corporation.
Given under my hand this 27th day of June, 1994.
---- ----
/s/ Danelle Gager
---------------------
Notary Public
My Commission Expires:
June 15, 1993
--------------------
(Notarial Seal)
-26-
<PAGE>
STATE OF NEW YORK
COUNTY OF NEW YORK
I, the undersigned authority, a Notary Public in and for said County and
said State, hereby certify that Ron E. Hooper, whose name as Vice President of
NationsBank of Texas, N.A., a national banking association, as Trustee for the
DOMINION RESOURCES BLACK WARRIOR TRUST, a Delaware business trust, is signed to
the foregoing conveyance, and who is known to me, acknowledged before me on this
day that, being informed of the contents of the conveyance, he, as such officer
and with full authority, executed the same voluntarily for and as the act of
said association, acting in its capacity as Trustee as aforesaid.
Given under my hand this 27th day of June, 1994.
---- ----
/s/ Danelle Gager
-----------------
Notary Public
My Commission Expires:
June 15, 1995
- - ----------------------
(Notarial Seal)
-27-
<PAGE>
STATE OF Pennsylvania
COUNTY OF Philadelphia
I, the undersigned authority, a Notary Public in and for said County and
said State, hereby certify that Sandy S. McKenna, whose name as Assistant Vice
President of Mellon Bank (DE) National Association, a national banking
association, as Delaware Trustee for the DOMINION RESOURCES BLACK WARRIOR TRUST,
a Delaware business trust, is signed to the foregoing conveyance, and who is
known to me, acknowledged before me on this day that, being informed of the
contents of the conveyance, he, as such officer and with full authority,
executed the same voluntarily for and as the act of said association, acting in
its capacity as Delaware Trustee as aforesaid.
Given under my hand this 27th day of June, 1994.
---- ----
/s/ Irene Materna
------------------
Notary Public
My Commission Expires:
January 20, 1996
- - -----------------------
(Notarial Seal)
-28-
<PAGE>
SCHEDULE A
Proration Units, Percentage Interests and Leases
This Schedule consists of two parts: Part I contains inter alia, the
description of each Well and Proration Unit together with the Royalty Interests
percentage interest before and after Payout; and Part II contains a description
of the Leases.
There are six separate Payout Units - Cassidy "A", Cassidy "B", Cassidy
"C", USX "B", USX "C", and USX "D". As used in this Schedule, "Payout" means (a)
with respect to the Cassidy "A" and USX "D" Payout Units, the date on which the
cumulative average production from each well in the applicable Payout Unit
equals 225 MMCF, (b) with respect to Cassidy "B" and USX "B" Payout Units, the
date on which the cumulative average production from each well in the Cassidy
"B" Payout Unit equals 225 MMCF, and (c) with respect to Cassidy "C" and USX "C"
Payout Units, the date on which the cumulative average production from each well
in the Cassidy "C" Payout Unit equals 225 MMCF. The dates included in the column
headed "Payout Date" is the date Payout is anticipated for each Payout Unit.
The Cassidy "A" Payout Unit includes Well Numbers 59-69, 81-84, 88-90,
92-98, 112-126. The Cassidy "B" Payout Unit includes Well Numbers 91, 99-111,
127-147. The Cassidy "C" Payout Unit includes Well Numbers 22-58, 70-80, 85-87,
410, 415, 420, 421. The USX "B" Payout Unit includes Well Numbers 189, 423-428.
The USX "C" Payout Unit includes Well Numbers 409-413, 415-422. The USX "D"
Payout Unit includes Well Numbers 280, 281, 393-408, 414, 429-432.
A-1
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE A
Part I
DOMINION RESOURCES THE UNDERLYING PROPERTIES
TOTAL TOTAL TOTAL TOTAL
PERMIT PRORATION WI NRI ORRI RI
NUM WELL NAME & # NUMBER UNIT DESCRIPTION SEC-TWN-RN % % % %
==========================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
1 ALCUS 12-4-1 5820-C NW/4NW/4 12-20S-9W 100.0000% 78.0000% 6.3750% 84.3750%
2 ALCUS 12-5-2 8844-C SW/4NW/4 NW/4SW/4 12-20S-9W 100.0000% 78.0000% 5.3750% 83.3750%
3 AL. BASIC 23-10-4 9038-C W/2SE/4 23-19S-9W 78.1250% 68.3594% 0.0000% 68.3594%
4 AL. BASIC 23-14-5 9039-C SE/4SW/4 23-19S-9W 78.1250% 68.3594% 0.0000% 68.3594%
5 AL. BASIC 23-16-6 9017-C E/2SE/4 23-19S-9W 78.1250% 68.3594% 0.0000% 68.3594%
6 AL. BASIC 26-1-7 9040-C N/2NE/4 26-19S-9W 78.1250% 68.3594% 0.0000% 68.3594%
7 AL. BASIC 27-16-8 9375-C SE/4SE/4 NE/4NE/4 27-19S-9W} 34-19S-9W} 78.1250% 66.5039% 2.2500% 68.7539%
8 AL. BASIC 34-3-14 9188-C NE/4NW/4 NW/4NE/4 34-19S-9W 100.0000% 85.1250% 2.2500% 87.3750%
9 AL. BASIC 36-13-10 7475-C SW/4SW/4 36-19S-9W 78.1250% 60.9375% 9.0000% 69.9375%
10 AL. BASIC 36-14-11 7394-C SE/4SW/4 SW/4SE/4 36-19S-9W 78.1250% 60.9375% 9.0000% 69.9375%
11 AL. BASIC 36-16-12 7395-C SE/4SE/4 36-19S-92 78.1250% 60.9375% 9.0000% 69.9375%
12 AL. BASIC 36-2-2 5399-C NW/4NE/4 36-19S-9W 78.1250% 60.9375% 9.0000% 69.9375%
13 AL. BASIC 36-4-1 5398-C NW/4NW/4 36-19S-9W 78.1250% 60.9375% 9.0000% 69.9375%
14 AL. BASIC 36-5-9 7577-C S/2NW/4 36-19S-9W 78.1250% 60.9375% 6.6875% 67.6250%
15 AL. BASIC 36-9-3 5433-C NE/4SE/4 36-19S-9W 78.1250% 60.9375% 9.0000% 69.9375%
16 BAUGHMAN 18-3-2 8121-C N/2NW/4 18-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
17 BAUGHMAN 18-6-3 8294-C S/2NW/4 18-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
18 BAUGHMAN 18-7-4 8352-C W/2NE/4 18-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
19 BEAN 14-15-1 8561-C E/2SE/4SW/4 SW/4SE/4 14-20S-9W 100.0000% 84.3333% 1.4583% 85.7917%
20 BIGHAM 4-13-1 9741-C S/2SW/4 4-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
21 CANTLEY 17-7-2 7926-C SE/4NW/4 NE/4SW/4 17-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
22 CARNLEY 18-12-4 8120-C W/2SW/4 18-19S-8W 100.0000% 87.5000% 7.4312% 94.9312%
23 CARNLEY 18-14-5 8402-C E/2SW/4 18-19S-8W 100.0000% 87.5000% 7.4312% 94.9312%
24 CARNLEY 18-5-3 7927-C W/2NW/4 18-19S-8W 100.0000% 87.5000% 7.4312% 94.9312%
25 CASSIDY 19-10-77 5983-C NW/4SE/4 19-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
26 CASSIDY 19-11-97 5987-C N/2SW/4 19-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
27 CASSIDY 19-13-78 5984-C S/2SW/4 19-18S-8W 100.0000% 83.7500% 0.0000% 83.7500%
28 CASSIDY 19-15-79 5985-C SW/4SE/4 19-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
29 CASSIDY 19-16-80 5986-C SE/4SE/4 19-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
30 CASSIDY 19-1-72 5981-C NE/4NE/4 N/2SE/4NE/4 19-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
31 CASSIDY 19-2-73 6041-C NW/4NE/4 E/2NE/4NW/4 19-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
32 CASSIDY 19-3-74 6010-C NW/4NW/4 W/2NE/4NW/4 19-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
33 CASSIDY 19-6-96 6005-C S/2NW/4 19-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
34 CASSIDY 19-7-75 6011-C SW/4NE/4 19-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
35 CASSIDY 19-9-76 5982-C NE/4SE/4 S/2SE/4NE/4 19-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
36 CASSIDY 20-10-86 6001-C NE/4SW/4 NW/4SE/4 20-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
37 CASSIDY 20-12-87 6002-C W/2SW/4 20-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
38 CASSIDY 20-14-88 6003-C SE/4SW/4 SW/4SE/4 20-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
39 CASSIDY 20-16-89 6004-C E/2SE/4 20-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
40 CASSIDY 20-3-81 5998-C NE/4NW/4 20-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
41 CASSIDY 20-5-82 6012-C W/2NW/4 20-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
42 CASSIDY 20-6-83 5999-C SE/4NW/4 20-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
43 CASSIDY 20-7-84 6000-C W/2NE/4 20-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
44 CASSIDY 20-8-85 6013-C E/2NE/4 20-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
45 CASSIDY 21-10-105 6085-C NW/4SE/4 S/2SW/4NE/4 21-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
46 CASSIDY 21-11-106 6177-C N/2SW/4 21-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
47 CASSIDY 21-14-118 6178-C S/2SW/4 21-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
48 CASSIDY 21-2-102 6084-C NW/4NE/4 N/2SW/4NE/4 21-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
49 CASSIDY 21-3-116 6089-C NE/4NW/4 21-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
50 CASSIDY 21-4-117 6135-C NW/4NW/4 21-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
</TABLE>
<TABLE>
<CAPTION>
DOMINION RESOURCES THE THE
APO ROYALTY ROYALTY
COMPANY PAYOUT INTERESTS INTERESTS
NUM WELL NAME & # INTEREST DATE BPO APO
======================== ==========================================
<S> <C> <C> <C> <C>
1 ALCUS 12-4-1 54.8438% 54.8438%
2 ALCUS 12-5-2 54.1938% 54.1938%
3 AL. BASIC 23-10-4 44.4336% 44.4336%
4 AL. BASIC 23-14-5 44.4336% 44.4336%
5 AL. BASIC 23-16-6 44.4336% 44.4336%
6 AL. BASIC 26-1-7 44.4336% 44.4336%
7 AL. BASIC 27-16-8 44.6900% 44.6900%
8 AL. BASIC 34-3-14 56.7938% 56.7938%
9 AL. BASIC 36-13-10 45.4594% 45.4594%
10 AL. BASIC 36-14-11 45.4594% 45.4594%
11 AL. BASIC 36-16-12 45.4594% 45.4594%
12 AL. BASIC 36-2-2 45.4594% 45.4594%
13 AL. BASIC 36-4-1 45.4594% 45.4594%
14 AL. BASIC 36-5-9 43.9563% 43.9563%
15 AL. BASIC 36-9-3 45.4594% 45.4594%
16 BAUGHMAN 18-3-2 56.8750% 56.8750%
17 BAUGHMAN 18-6-3 56.8750% 56.8750%
18 BAUGHMAN 18-7-4 56.8750% 56.8750%
19 BEAN 14-15-1 55.7646% 55.7646%
20 BIGHAM 4-13-1 56.8750% 56.8750%
21 CANTLEY 17-7-2 56.8750% 56.8750%
22 CARNLEY 18-12-4 61.7053% 61.7053%
23 CARNLEY 18-14-5 61.7053% 61.7053%
24 CARNLEY 18-5-3 61.7053% 61.7053%
25 CASSIDY 19-10-77 75.0000% 01/94 52.0000% 48.7500%
26 CASSIDY 19-11-97 75.0000% 01/94 52.0000% 48.7500%
27 CASSIDY 19-13-78 81.2500% 01/94 54.4375% 52.8125%
28 CASSIDY 19-15-79 75.0000% 01/94 52.0000% 48.7500%
29 CASSIDY 19-16-80 75.0000% 01/94 52.0000% 48.7500%
30 CASSIDY 19-1-72 75.0000% 01/94 52.0000% 48.7500%
31 CASSIDY 19-2-73 75.0000% 01/94 52.0000% 48.7500%
32 CASSIDY 19-3-74 75.0000% 01/94 52.0000% 48.7500%
33 CASSIDY 19-6-96 75.0000% 01/94 52.0000% 48.7500%
34 CASSIDY 19-7-75 75.0000% 01/94 52.0000% 48.7500%
35 CASSIDY 19-9-76 75.0000% 01/94 52.0000% 48.7500%
36 CASSIDY 20-10-86 75.0000% 01/94 52.0000% 48.7500%
37 CASSIDY 20-12-87 75.0000% 01/94 52.0000% 48.7500%
38 CASSIDY 20-14-88 75.0000% 01/94 52.0000% 48.7500%
39 CASSIDY 20-16-89 75.0000% 01/94 52.0000% 48.7500%
40 CASSIDY 20-3-81 75.0000% 01/94 52.0000% 48.7500%
41 CASSIDY 20-5-82 75.0000% 01/94 52.0000% 48.7500%
42 CASSIDY 20-6-83 75.0000% 01/94 52.0000% 48.7500%
43 CASSIDY 20-7-84 75.0000% 01/94 52.0000% 48.7500%
44 CASSIDY 20-8-85 75.0000% 01/94 52.0000% 48.7500%
45 CASSIDY 21-10-105 75.0000% 01/94 52.0000% 48.7500%
46 CASSIDY 21-11-106 75.0000% 01/94 52.0000% 48.7500%
47 CASSIDY 21-14-118 75.0000% 01/94 52.0000% 48.7500%
48 CASSIDY 21-2-102 75.0000% 01/94 52.0000% 48.7500%
49 CASSIDY 21-3-116 75.0000% 01/94 52.0000% 48.7500%
50 CASSIDY 21-4-117 75.0000% 01/94 52.0000% 48.7500%
</TABLE>
a
part i
1
<PAGE>
SCHEDULE A
Part I
<TABLE>
<CAPTION>
DOMINION RESOURCES THE UNDERLYING PROPERTIES
TOTAL TOTAL TOTAL TOTAL
PERMIT PRORATION WI NRI ORRI RI
NUM WELL NAME & # NUMBER UNIT DESCRIPTION SEC-TWN-RN % % % %
==========================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
51 CASSIDY 21-6-103 6175-C S/2NW/4 21-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
52 CASSIDY 21-8-104 6176-C E/2NE/4 21-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
53 CASSIDY 22-13-112 6088-C SW/4SW/4 22-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
54 CASSIDY 22-14-113 6106-C SE/4SW/4 22-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
55 CASSIDY 22-1-107 6852-C NE/4NE/4 E/2NW/4NE/4 22-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
56 CASSIDY 22-3-108 6086-C NE/4NW/4 W/2NW/4NE/4 22-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
57 CASSIDY 22-6-110 6105-C SE/4NW/4 22-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
58 CASSIDY 22-7-111 6087-C S/2NE/4 22-18S-8W 100.0000% 80.0791% 0.0000% 80.0791%
59 CASSIDY 25-10-1 5610-C NW/4SE/4 25-18S-9W 100.0000% 80.0000% 0.0000% 80.0000%
60 CASSIDY 25-12-14 5742-C W/2SW/4 25-18S-9W 100.0000% 80.0000% 0.0000% 80.0000%
61 CASSIDY 25-14-21 5636-C SE/4SW/4 25-18S-9W 100.0000% 80.0000% 0.0000% 80.0000%
62 CASSIDY 25-15-20 5585-C SW/4SE/4 25-18S-9W 100.0000% 80.0000% 0.0000% 80.0000%
63 CASSIDY 25-16-1 5492-C E/2SE/4 25-18S-9W 100.0000% 80.0000% 0.0000% 80.0000%
64 CASSIDY 25-3-11 5502-C NE/4NW/4 25-18S-9W 100.0000% 80.0000% 0.0000% 80.0000%
65 CASSIDY 25-4-66 5888-C NW/4NW/4 25-18S-9W 100.0000% 80.0000% 0.0000% 80.0000%
66 CASSIDY 25-5-67 5889-C SW/4NW/4 25-18S-9W 100.0000% 80.0000% 0.0000% 80.0000%
67 CASSIDY 25-6-13 5507-C SE/4NW/4 25-18S-9W 100.0000% 80.0000% 0.0000% 80.0000%
68 CASSIDY 26-10-123 6227-C NW/4SE/4 SW/4NE/4 26-18S-9W 100.0000% 80.0000% 0.0000% 80.0000%
69 CASSIDY 26-8-122 6364-C SE/4NE/4 NE/4SE/4 26-18S-9W 100.0000% 80.0000% 0.0000% 80.0000%
70 CASSIDY 28-1-114 6292-C NE/4NE/4 E/2NW/4NE/4 28-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
71 CASSIDY 28-7-115 6273-C SW/4NE/4 28-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
72 CASSIDY 28-8-131 9820-C SE/4NE/4 28-18S-8W 100.0000% 80.0106% 0.0000% 80.0106%
73 CASSIDY 29-10-99 9669-C W/2SE/4 29-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
74 CASSIDY 29-1-95 5954-C NE/4NE/4 29-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
75 CASSIDY 29-2-98 5955-C NW/4NE/4 29-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
76 CASSIDY 29-3-90 5951-C NE/4NW/4 29-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
77 CASSIDY 29-4-91 5952-C NW/4NW/4 29-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
78 CASSIDY 29-5-92 5953-C SW/4NW/4 29-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
79 CASSIDY 29-6-93 6042-C SE/4NW/4 W/2SW/4NE/4 29-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
80 CASSIDY 29-9-94 6144-C SW/4NE/4 29-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
81 CASSIDY 30-12-15 5743-C NW/4SW/4 SW/4NW/4 30-18S-8W 100.0000% 83.7500% 0.0000% 83.7500%
82 CASSIDY 30-13-1 5491-C SW/4SW/4 30-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
83 CASSIDY 30-14-1 5496-C SE/4SW/4 30-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
84 CASSIDY 30-15-12 5518-C S/2SE/4 30-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
85 CASSIDY 30-2-119 6198-C N/2NE/4 30-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
86 CASSIDY 30-4-120 6233-C N/2NW/4 30-18S-8W 100.0000% 83.7500% 0.0000% 83.7500%
87 CASSIDY 30-8-121 6234-C S/2NE/4 30-18S-8W 100.0000% 83.7500% 0.0000% 83.7500%
88 CASSIDY 31-10-124 6190-C NW/4SE/4 E/2NE/4SW/4 31-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
89 CASSIDY 31-12-125 6189-C NW/4SW/4 W/2NE/4SW/4 31-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
90 CASSIDY 31-14-65 5887-C SE/4SW/4 SW/4SE/4 31-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
91 CASSIDY 31-16-69 5891-C E/2SE/4 31-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
92 CASSIDY 31-1-17 5554-C NE/4NE/4 31-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
93 CASSIDY 31-2-10 5555-C NW/4NE/4 31-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
94 CASSIDY 31-3-16 5556-C NE/4NW/4 31-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
95 CASSIDY 31-4-1 5490-C NW/4NW/4 31-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
96 CASSIDY 31-5-1A 5601-C SW/4NW/4 31-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
97 CASSIDY 31-6-18 5508-C SE/4NW/4 31-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
98 CASSIDY 31-8-70 5894-C S/2NE/4 31-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
99 CASSIDY 32-10-45 5696-C NW/4SE/4 32-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
100 CASSIDY 32-11-35 5680-C NE/4SW/4 32-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
101 CASSIDY 32-12-62 5753-C NW/4SW/4 32-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
102 CASSIDY 32-13-46 5697-C SW/4SW/4 32-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
103 CASSIDY 32-14-36 5708-C SE/4SW/4 32-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
104 CASSIDY 32-15-38 5703-C S/2SE/4 32-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
105 CASSIDY 32-1-101 9670-C NE/4NE/4 SE/4SE/4 32-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
106 CASSIDY 32-2-41 5682-C NW/4NE/4 32-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
107 CASSIDY 32-4-33 5649-C NW/4NW/4 32-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
108 CASSIDY 32-6-40 5812-C S/2NW/4 32-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
109 CASSIDY 32-7-39 5783-C SW/4NE/4 32-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
110 CASSIDY 32-8-34 5782-C SE/4NE/4 32-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
</TABLE>
<TABLE>
<CAPTION>
DOMINION RESOURCES THE THE
APO ROYALTY ROYALTY
COMPANY PAYOUT INTERESTS INTERESTS
NUM WELL NAME & # INTEREST DATE BPO APO
======================== ==========================================
<S> <C> <C> <C> <C>
51 CASSIDY 21-6-103 75.0000% 01/94 52.0000% 48.7500%
52 CASSIDY 21-8-104 75.0000% 01/94 52.0000% 48.7500%
53 CASSIDY 22-13-112 75.0000% 01/94 52.0000% 48.7500%
54 CASSIDY 22-14-113 75.0000% 01/94 52.0000% 48.7500%
55 CASSIDY 22-1-107 75.0000% 01/94 52.0000% 48.7500%
56 CASSIDY 22-3-108 75.0000% 01/94 52.0000% 48.7500%
57 CASSIDY 22-6-110 75.0000% 01/94 52.0000% 48.7500%
58 CASSIDY 22-7-111 75.0000% 01/94 52.0514% 48.7500%
59 CASSIDY 25-10-1 75.0000% 09/94 52.0000% 48.7500%
60 CASSIDY 25-12-14 75.0000% 09/94 52.0000% 48.7500%
61 CASSIDY 25-14-21 75.0000% 09/94 52.0000% 48.7500%
62 CASSIDY 25-15-20 75.0000% 09/94 52.0000% 48.7500%
63 CASSIDY 25-16-1 75.0000% 09/94 52.0000% 48.7500%
64 CASSIDY 25-3-11 75.0000% 09/94 52.0000% 48.7500%
65 CASSIDY 25-4-66 75.0000% 09/94 52.0000% 48.7500%
66 CASSIDY 25-5-67 75.0000% 09/94 52.0000% 48.7500%
67 CASSIDY 25-6-13 75.0000% 09/94 52.0000% 48.7500%
68 CASSIDY 26-10-123 75.0000% 09/94 52.0000% 48.7500%
69 CASSIDY 26-8-122 75.0000% 09/94 52.0000% 48.7500%
70 CASSIDY 28-1-114 75.0000% 01/94 52.0000% 48.7500%
71 CASSIDY 28-7-115 75.0000% 01/94 52.0000% 48.7500%
72 CASSIDY 28-8-131 75.0000% 01/94 52.0069% 48.7500%
73 CASSIDY 29-10-99 75.0000% 01/94 52.0000% 48.7500%
74 CASSIDY 29-1-95 75.0000% 01/94 52.0000% 48.7500%
75 CASSIDY 29-2-98 75.0000% 01/94 52.0000% 48.7500%
76 CASSIDY 29-3-90 75.0000% 01/94 52.0000% 48.7500%
77 CASSIDY 29-4-91 75.0000% 01/94 52.0000% 48.7500%
78 CASSIDY 29-5-92 75.0000% 01/94 52.0000% 48.7500%
79 CASSIDY 29-6-93 75.0000% 01/94 52.0000% 48.7500%
80 CASSIDY 29-9-94 75.0000% 01/94 52.0000% 48.7500%
81 CASSIDY 30-12-15 75.0000% 09/94 54.4375% 48.7500%
82 CASSIDY 30-13-1 75.0000% 09/94 52.0000% 48.7500%
83 CASSIDY 30-14-1 75.0000% 09/94 52.0000% 48.7500%
84 CASSIDY 30-15-12 75.0000% 09/94 52.0000% 48.7500%
85 CASSIDY 30-2-119 75.0000% 01/94 52.0000% 48.7500%
86 CASSIDY 30-4-120 75.0000% 01/94 54.4375% 48.7500%
87 CASSIDY 30-8-121 75.0000% 01/94 54.4375% 48.7500%
88 CASSIDY 31-10-124 75.0000% 09/94 52.0000% 48.7500%
89 CASSIDY 31-12-125 75.0000% 09/94 52.0000% 48.7500%
90 CASSIDY 31-14-65 75.0000% 09/94 52.0000% 48.7500%
91 CASSIDY 31-16-69 75.0000% 02/95 52.0000% 48.7500%
92 CASSIDY 31-1-17 75.0000% 09/94 52.0000% 48.7500%
93 CASSIDY 31-2-10 75.0000% 09/94 52.0000% 48.7500%
94 CASSIDY 31-3-16 75.0000% 09/94 52.0000% 48.7500%
95 CASSIDY 31-4-1 75.0000% 09/94 52.0000% 48.7500%
96 CASSIDY 31-5-1A 75.0000% 09/94 52.0000% 48.7500%
97 CASSIDY 31-6-18 75.0000% 09/94 52.0000% 48.7500%
98 CASSIDY 31-8-70 75.0000% 09/94 52.0000% 48.7500%
99 CASSIDY 32-10-45 75.0000% 02/95 52.0000% 48.7500%
100 CASSIDY 32-11-35 75.0000% 02/95 52.0000% 48.7500%
101 CASSIDY 32-12-62 75.0000% 02/95 52.0000% 48.7500%
102 CASSIDY 32-13-46 75.0000% 02/95 52.0000% 48.7500%
103 CASSIDY 32-14-36 75.0000% 02/95 52.0000% 48.7500%
104 CASSIDY 32-15-38 75.0000% 02/95 52.0000% 48.7500%
105 CASSIDY 32-1-101 75.0000% 02/95 52.0000% 48.7500%
106 CASSIDY 32-2-41 75.0000% 02/95 52.0000% 48.7500%
107 CASSIDY 32-4-33 75.0000% 02/95 52.0000% 48.7500%
108 CASSIDY 32-6-40 75.0000% 02/95 52.0000% 48.7500%
109 CASSIDY 32-7-39 75.0000% 02/95 52.0000% 48.7500%
110 CASSIDY 32-8-34 75.0000% 02/95 52.0000% 48.7500%
</TABLE>
A
PART I
2
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE A
Part I
DOMINION RESOURCES THE UNDERLYING PROPERTIES
TOTAL TOTAL TOTAL TOTAL
PERMIT PRORATION WI NRI ORRI RI
NUM WELL NAME & # NUMBER UNIT DESCRIPTION SEC-TWN-RN % % % %
==========================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
111 CASSIDY 32-9-37 5681-C NE/4SE/4 32-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
112 CASSIDY 36-10-28 5643-C NW/4SE/4 36-18S-9W 100.0000% 80.0000% 0.0000% 80.0000%
113 CASSIDY 36-11-27 5642-C NE/4SW/4 SE/4NW/4 36-18S-9W 100.0000% 80.0000% 0.0000% 80.0000%
114 CASSIDY 36-12-26 5641-C NW/4SW/4 36-18S-9W 100.0000% 80.0000% 0.0000% 80.0000%
115 CASSIDY 36-13-29 5644-C SW/4SW/4 36-18S-9W 100.0000% 80.0000% 0.0000% 80.0000%
116 CASSIDY 36-14-30 5645-C SE/4SW/4 36-18S-9W 100.0000% 80.0000% 0.0000% 80.0000%
117 CASSIDY 36-15-31 5646-C SW/4SE/4 36-18S-9W 100.0000% 80.0000% 0.0000% 80.0000%
118 CASSIDY 36-16-3 6248-C SE/4SE/4 SW/4SW/4 36-18S-9W 31-18S-8W 100.0000% 80.0234% 0.0000% 80.0234%
119 CASSIDY 36-1-19 5509-C NE/4NE/4 31-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
120 CASSIDY 36-2-1 5493-C NW/4NE/4 31-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
121 CASSIDY 36-3-23 5638-C NE/4NW/4 31-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
122 CASSIDY 36-4-22 5637-C NW/4NW/4 31-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
123 CASSIDY 36-5-24 5639-C SW/4NW/4 31-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
124 CASSIDY 36-7-25 5640-C SW/4NE/4 31-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
125 CASSIDY 36-8-4 5557-C SE/4NE/4 31-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
126 CASSIDY 36-9-71 5922-C NE/4SE/4 36-18S-9W 100.0000% 80.0000% 0.0000% 80.0000%
127 CASSIDY 5-11-56 5800-C NE/4SW/4 5-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
128 CASSIDY 5-13-48 5799-C S/2SW/4 5-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
129 CASSIDY 5-14-57 5815-C SE/4SW/4 5-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
130 CASSIDY 5-2-126 6253-C SE/4NW/4 NW/4NE/4 5-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
131 CASSIDY 5-4-49 5709-C NW/4NW/4 5-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
132 CASSIDY 5-5-50 5814-C SW/4NW/4 5-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
133 CASSIDY 5-6-61 5752-C SE/4NW4 5-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
134 CASSIDY 6-10-52 7227-C NW/4SE/4 6-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
135 CASSIDY 6-11-54 7229-C NE/4SW/4 6-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
136 CASSIDY 6-13-51 7624-C S/2NW/4SW/4 SW/4SW/4 6-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
137 CASSIDY 6-14-55 7361-C SE/4SW/4 SW/4SE/4 6-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
138 CASSIDY 6-16-68 5890-C SE/4SE/4 6-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
139 CASSIDY 6-2-64 5859-C NW/4NE/4 6-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
140 CASSIDY 6-3-44 5702-C NE/4NW/4 6-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
141 CASSIDY 6-4-42 5671-C NW/4NW/4 6-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
142 CASSIDY 6-5-43 6252-C SW/4NW/4 N/2NW/4SW/4 6-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
143 CASSIDY 6-6-53 7228-C SE/4NW/4 6-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
144 CASSIDY 6-7-129 7311-C S/2NE/4 6-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
145 CASSIDY 6-9-47 5813-C NE/4SE/4 6-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
146 CASSIDY 8-12-58 5801-C NW/4SW/4 8-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
147 CASSIDY 8-13-59 5861-C SW/4SW/4 8-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
148 CASSIDY 8-4-63 5860-C NW/4NW/4 8-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
149 CASSIDY 8-5-60 5802-C SW/4NW/4 8-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
150 CHEVRON 23-16-18 8250-C S/2SE/4 23-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
151 CHEVRON 24-16-16 8682-C S/2SE/4 24-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
152 CHEVRON 25-11-3 5599-C NE/4SW/4 25-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
153 CHEVRON 25-2-1 5650-C N/2NE/4 25-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
154 CHEVRON 25-8-2 5651-C S/2NE/4 25-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
155 CHEVRON 26-5-9 7049-C W/2NW/4 26-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
156 CHEVRON 27-1-10 7050-C E/2NE/4 27-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
157 CHEVRON 30-10-8 6245-C NE/4SW/4 NW/4SE/4 30-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
158 CHRISTIAN 12-5-2 7265-C W/2NW/4 12-19S-9W 100.0000% 83.5000% 4.0000% 87.5000%
159 CLEMENTS 34-11-1 7230-C NE/4SW/4 NW/4SE/4 34-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
160 CLEMENTS 34-15-1 7476-C SW/4SE/4 34-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
161 CLEMENTS 34-16-2 7231-C SE/4SE/4 34-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
162 COLBURN 15-15-2 7385-C S/2SE/4 15-20S-9W 100.0000% 82.7500% 4.7500% 87.5000%
163 COLBURN 15-9-1 7379-C N/2SE/4 15-20S-9W 100.0000% 83.2001% 4.2999% 87.5000%
164 CUNNINGHAM 10-1-1 6249-C NE/4NE/4 10-20S-9W 100.0000% 83.5000% 4.0000% 87.5000%
165 CUNNINGHAM 10-2-2 6293-C NE/4NW/4 NW/4NE/4 10-20S-9W 100.0000% 83.5000% 4.0000% 87.5000%
166 CUNNINGHAM 28-15-3 8767-C SW/4SE/4 SE/4SW/4 28-19S-9W 100.0000% 83.5000% 4.0000% 87.5000%
167 CUNNINGHAM 34-8-2 7625-C SE/4NE/4 34-19S-9W 100.0000% 83.5000% 4.0000% 87.5000%
168 CUNNINGHAM 35-12-1 7820-C W/2SW/4 35-19S-9W 78.1250% 65.2344% 4.0000% 69.2344%
169 DAVANT 1-12-10 6807-C NW/4SW/4 1-19S-9W 100.0000% 83.5000% 4.0000% 87.5000%
170 DAVANT 1-13-11 7312-C S/2SW/4 1-19S-9W 100.0000% 80.7500% 3.6250% 84.3750%
</TABLE>
<TABLE>
<CAPTION>
DOMINION RESOURCES THE THE
APO ROYALTY ROYALTY
COMPANY PAYOUT INTERESTS INTERESTS
NUM WELL NAME & # INTEREST DATE BPO APO
========================= ==========================================
<S> <C> <C> <C> <C>
111 CASSIDY 32-9-37 75.0000% 02/95 52.0000% 48.7500%
112 CASSIDY 36-10-28 75.0000% 09/94 52.0000% 48.7500%
113 CASSIDY 36-11-27 75.0000% 09/94 52.0000% 48.7500%
114 CASSIDY 36-12-26 75.0000% 09/94 52.0000% 48.7500%
115 CASSIDY 36-13-29 75.0000% 09/94 52.0000% 48.7500%
116 CASSIDY 36-14-30 75.0000% 09/94 52.0000% 48.7500%
117 CASSIDY 36-15-31 75.0000% 09/94 52.0000% 48.7500%
118 CASSIDY 36-16-3 75.1200% 09/94 52.0152% 48.8280%
119 CASSIDY 36-1-19 75.0000% 09/94 52.0000% 48.7500%
120 CASSIDY 36-2-1 75.0000% 09/94 52.0000% 48.7500%
121 CASSIDY 36-3-23 75.0000% 09/94 52.0000% 48.7500%
122 CASSIDY 36-4-22 75.0000% 09/94 52.0000% 48.7500%
123 CASSIDY 36-5-24 75.0000% 09/94 52.0000% 48.7500%
124 CASSIDY 36-7-25 75.0000% 09/94 52.0000% 48.7500%
125 CASSIDY 36-8-4 75.0000% 09/94 52.0000% 48.7500%
126 CASSIDY 36-9-71 75.0000% 09/94 52.0000% 48.7500%
127 CASSIDY 5-11-56 75.0000% 02/95 52.0000% 48.7500%
128 CASSIDY 5-13-48 75.0000% 02/95 52.0000% 48.7500%
129 CASSIDY 5-14-57 75.0000% 02/95 52.0000% 48.7500%
130 CASSIDY 5-2-126 75.0000% 02/95 52.0000% 48.7500%
131 CASSIDY 5-4-49 75.0000% 02/95 52.0000% 48.7500%
132 CASSIDY 5-5-50 75.0000% 02/95 52.0000% 48.7500%
133 CASSIDY 5-6-61 75.0000% 02/95 52.0000% 48.7500%
134 CASSIDY 6-10-52 75.0000% 02/95 52.0000% 48.7500%
135 CASSIDY 6-11-54 75.0000% 02/95 52.0000% 48.7500%
136 CASSIDY 6-13-51 75.0000% 02/95 52.0000% 48.7500%
137 CASSIDY 6-14-55 75.0000% 02/95 52.0000% 48.7500%
138 CASSIDY 6-16-68 75.0000% 02/95 52.0000% 48.7500%
139 CASSIDY 6-2-64 75.0000% 02/95 52.0000% 48.7500%
140 CASSIDY 6-3-44 75.0000% 02/95 52.0000% 48.7500%
141 CASSIDY 6-4-42 75.0000% 02/95 52.0000% 48.7500%
142 CASSIDY 6-5-43 75.0000% 02/95 52.0000% 48.7500%
143 CASSIDY 6-6-53 75.0000% 02/95 52.0000% 48.7500%
144 CASSIDY 6-7-129 75.0000% 02/95 52.0000% 48.7500%
145 CASSIDY 6-9-47 75.0000% 02/95 52.0000% 48.7500%
146 CASSIDY 8-12-58 75.0000% 02/95 52.0000% 48.7500%
147 CASSIDY 8-13-59 75.0000% 02/95 52.0000% 48.7500%
148 CASSIDY 8-4-63 75.0000% 02/95 52.0000% 48.7500%
149 CASSIDY 8-5-60 75.0000% 02/95 52.0000% 48.7500%
150 CHEVRON 23-16-18 56.8750% 56.8750%
151 CHEVRON 24-16-16 56.8750% 56.8750%
152 CHEVRON 25-11-3 56.8750% 56.8750%
153 CHEVRON 25-2-1 56.8750% 56.8750%
154 CHEVRON 25-8-2 56.8750% 56.8750%
155 CHEVRON 26-5-9 56.8750% 56.8750%
156 CHEVRON 27-1-10 56.8750% 56.8750%
157 CHEVRON 30-10-8 56.8750% 56.8750%
158 CHRISTIAN 12-5-2 56.8750% 56.8750%
159 CLEMENTS 34-11-1 56.8750% 56.8750%
160 CLEMENTS 34-15-1 56.8750% 56.8750%
161 CLEMENTS 34-16-2 56.8750% 56.8750%
162 COLBURN 15-15-2 56.8750% 56.8750%
163 COLBURN 15-9-1 56.8750% 56.8750%
164 CUNNINGHAM 10-1-1 56.8750% 56.8750%
165 CUNNINGHAM 10-2-2 56.8750% 56.8750%
166 CUNNINGHAM 28-15-3 56.8750% 56.8750%
167 CUNNINGHAM 34-8-2 56.8750% 56.8750%
168 CUNNINGHAM 35-12-1 45.0023% 45.0023%
169 DAVANT 1-12-10 56.8750% 56.8750%
170 DAVANT 1-13-11 54.8438% 54.8438%
</TABLE>
A
PART I
3
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE A
Part I
DOMINION RESOURCES THE UNDERLYING PROPERTIES
TOTAL TOTAL TOTAL TOTAL
PERMIT PRORATION WI NRI ORRI RI
NUM WELL NAME & # NUMBER UNIT DESCRIPTION SEC-TWN-RN % % % %
==========================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
171 DAVANT 21-16-16 8891-C S/2SE/4 21-19S-9W 100.0000% 83.5000% 4.0000% 87.5000%
172 DAVANT 23-13-8 6130-C W/2SW/4 23-20S-9W 100.0000% 83.5000% 4.0000% 87.5000%
173 DAVANT 23-2-9 6120-C N/2NE/4 23-20S-9W 100.0000% 83.5000% 4.0000% 87.5000%
174 DAVANT 23-7-7 6119-C SW/4NE/4 E/2SE/4NW/4 23-20S-9W 100.0000% 83.5000% 4.0000% 87.5000%
175 DAVANT 3-1-12 7953-C E/2NE/4 3-19S-9W 100.0000% 83.5000% 4.0000% 87.5000%
176 DAVANT 3-2-13 8571-C NE/4NW/4 NW/4NE/4 3-19S-9W 100.0000% 83.5000% 4.0000% 87.5000%
177 DAVANT 7-11-4 5826-C NE/4SW/4 7-20S-8W 100.0000% 83.5000% 4.0000% 87.5000%
178 DAVANT 7-12-5 5858-C NW/4SW/4 7-20S-8W 100.0000% 83.5000% 4.0000% 87.5000%
179 DAVANT 7-13-6 5825-C SW/4SW/4 7-20S-8W 100.0000% 83.5000% 4.0000% 87.5000%
180 DAVANT 7-14-1 5656-C SE/4SW/4 7-20S-8W 100.0000% 83.5000% 4.0000% 87.5000%
181 DAVANT 7-4-2 5844-C NW/4NW/4 7-20S-8W 100.0000% 83.5000% 4.0000% 87.5000%
182 DAVANT 7-5-3 5832-C SW/4NW/4 7-20S-8W 100.0000% 83.5000% 4.0000% 87.5000%
183 DAVIS 24-10-4 8855-C NW/4SE/4 NE/4SW/4 24-18S-9W 100.0000% 87.3047% 0.0000% 87.3047%
184 DAVIS 24-7-1 8170-C SE/4NW/4 SW/4NE/4 24-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
185 DAVIS 24-8-2 8251-C SE/4NE/4 24-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
186 DAVIS 24-9-3 8252-C E/2SE/4 24-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
187 DEAL 27-4-1 7949-C NW/4NW/4 27-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
188 DEAL 27-5-2 9821-C SW/4NW/4 27-18S-8W 100.0000% 85.9500% 0.0000% 85.9500%
189 DRUMMOND 6-1-1 6449-C NE/4NE/4 6-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
190 EARNEST 15-10-2 6763-C N/2SE/4 15-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
191 EARNEST 15-15-5 6764-C SE/4SW/4 SW/4SE/4 15-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
192 EARNEST 15-16-4 6867-C SE/4SE/4 15-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
193 EARNEST 24-13-1 8681-C W/2SW/4 24-18S-9W 100.0000% 87.1094% 0.0000% 87.1094%
194 F A BANK 12-1-4 6758-C E/2NE/4 12-19S-9W 100.0000% 84.5000% 7.9541% 92.4541%
195 F A BANK 25-10-17 7095-C NW/4SE/4 25-19S-9W 78.1250% 60.9375% 18.9083% 79.8458%
196 F A BANK 25-11-2 5404-C NE/4SW/4 25-19S-9W 78.1250% 60.9375% 18.9083% 79.8458%
197 F A BANK 25-12-20 7576-C SW/4NW/4 NW/4SW/4 25-19S-9W 78.1250% 60.9375% 18.9083% 79.8458%
198 F A BANK 25-14-1 5397-C SW/4SW/4 W/2SE/4SW/4 25-19S-9W 78.1250% 60.9375% 18.9083% 79.8458%
199 F A BANK 25-15-3A 5416-C SW/4SE/4 E/2SE/4SW/4 25-19S-9W 78.1250% 60.9375% 18.9083% 79.8458%
200 F A BANK 25-1-13 7793-C E/2NE/4 25-19S-9W 78.1250% 60.9375% 18.9083% 79.8458%
201 F A BANK 25-2-14 7094-C NW/4NE/4 25-19S-9W 78.1250% 60.9375% 18.9083% 79.8458%
202 F A BANK 25-4-19 7397-C N/2NW/4 25-19S-9W 78.1250% 60.9375% 18.9083% 79.8458%
203 F A BANK 25-7-15 7096-C SE/4NW/4 SW/4NE/4 25-19S-9W 78.1250% 60.9375% 18.9083% 79.8458%
204 F A BANK 26-16-18 7396-C SE/4SE/4 26-19S-9W 78.1250% 65.2344% 11.4312% 76.6656%
205 F A BANK 34-13-21 7266-C S/2SW/4 34-19S-9W 100.0000% 83.5000% 11.4312% 94.9312%
206 F A BANK 34-1-6 6969-C NE/4NE/4 34-18S-9W 100.0000% 87.5000% 9.9083% 97.4083%
207 F A BANK 35-2-8 6759-C N/2NE/4 35-18S-9W 100.0000% 87.5000% 9.9083% 97.4083%
208 F A BANK 35-3-9 6760-C N/2NW/4 35-18S-9W 100.0000% 87.5000% 9.9083% 97.4083%
209 F A BANK 35-5-10 6871-C SW/4NW/4 35-18S-9W 100.0000% 87.5000% 9.9083% 97.4083%
210 FAB 10-15-24 7957-C SW/4SE/4 10-19S-9W 100.0000% 84.5000% 10.4312% 94.9312%
211 FAB 10-16-25A 8313-C SE/4SE/4 10-19S-9W 100.0000% 84.5000% 10.4312% 94.9312%
212 FAB 10-9-23 7955-C N/2SE/4 10-19S-9W 100.0000% 84.5000% 10.4312% 94.9312%
213 FAB 12-2-5 8890-C NE/4NW/4 NW/4NE/4 12-19S-9W 100.0000% 84.5000% 7.9541% 92.4541%
214 FAB 25-16-22 9298-C E/2SE/4 26-19S-9W 78.1250% 60.9375% 18.9083% 79.8458%
215 FAB 27-16-28 9873-C SE/4SE/4 27-20S-9W 100.0000% 84.5000% 10.4312% 94.9312%
216 FAB 27-9-27 9872-C NE/4SE/4 27-20S-9W 100.0000% 84.5000% 10.4312% 94.9312%
217 FAB 34-12-7 8314-C NW/4SW/4 34-18S-9W 100.0000% 87.5000% 9.9083% 97.4083%
218 FEDERAL 8-16-12 9668-C S/2SE/4SE/4 NE/4NE/4 8-18S-8W} 17-18S-8W} 100.0000% 87.5000% 0.0000% 87.5000%
219 FEDERAL 8-9-10 9667-C N/2SE/4SE/4 NE/4SE/4 8-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
220 FEDERAL 9-12-7 9333-C N/2SW/4 9-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
221 FEDERAL 9-14-8 9332-C S/2SW/4 9-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
222 FEDERAL 9-4-5 9331-C W/2NW/4 9-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
223 FGLI 26-2-1 7292-C N/2NE/4 26-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
224 FGLI 26-6-3 7374-C E/2NW/4 26-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
225 FNB 1-3-1 5943-C N/2NW/4 1-20S-9W 100.0000% 83.5000% 4.0000% 87.5000%
226 FRIEDMAN 10-10-28 6193-C N/2SE/4 10-20S-9W 100.0000% 78.0000% 4.3750% 82.3750%
227 FRIEDMAN 10-15-29 6191-C S/2SE/4 10-20S-9W 100.0000% 78.0000% 4.3750% 82.3750%
228 FRIEDMAN 11-10-8 5816-C SW/4NE/4 NW/4SE/4 11-20S-9W 100.0000% 78.0000% 4.3750% 82.3750%
229 FRIEDMAN 11-11-17 5900-C E/2SW/4 11-20S-9W 100.0000% 78.0000% 4.3750% 82.3750%
230 FRIEDMAN 11-13-18 5905-C W/2SW/4 11-20S-9W 100.0000% 78.0000% 4.3750% 82.3750%
</TABLE>
<TABLE>
<CAPTION>
DOMINION RESOURCES THE THE
APO ROYALTY ROYALTY
COMPANY PAYOUT INTERESTS INTERESTS
NUM WELL NAME & # INTEREST DATE BPO APO
====================================================================
<S> <C> <C> <C> <C>
171 DAVANT 21-16-16 56.8750% 56.8750%
172 DAVANT 23-13-8 56.8750% 56.8750%
173 DAVANT 23-2-9 56.8750% 56.8750%
174 DAVANT 23-7-7 56.8750% 56.8750%
175 DAVANT 3-1-12 56.8750% 56.8750%
176 DAVANT 3-2-13 56.8750% 56.8750%
177 DAVANT 7-11-4 56.8750% 56.8750%
178 DAVANT 7-12-5 56.8750% 56.8750%
179 DAVANT 7-13-6 56.8750% 56.8750%
180 DAVANT 7-14-1 56.8750% 56.8750%
181 DAVANT 7-4-2 56.8750% 56.8750%
182 DAVANT 7-5-3 56.8750% 56.8750%
183 DAVIS 24-10-4 56.7480% 56.7480%
184 DAVIS 24-7-1 56.8750% 56.8750%
185 DAVIS 24-8-2 56.8750% 56.8750%
186 DAVIS 24-9-3 56.8750% 56.8750%
187 DEAL 27-4-1 56.8750% 56.8750%
188 DEAL 27-5-2 55.8675% 55.8675%
189 DRUMMOND 6-1-1 75.0000% 02/95 52.0000% 48.7500%
190 EARNEST 15-10-2 56.8750% 56.8750%
191 EARNEST 15-15-5 56.8750% 56.8750%
192 EARNEST 15-16-4 56.8750% 56.8750%
193 EARNEST 24-13-1 56.6211% 56.6211%
194 F A BANK 12-1-4 60.0952% 60.0952%
195 F A BANK 25-10-17 51.8997% 51.8997%
196 F A BANK 25-11-2 51.8998% 51.8998%
197 F A BANK 25-12-20 51.8997% 51.8997%
198 F A BANK 25-14-1 51.8997% 51.8997%
199 F A BANK 25-15-3A 51.8997% 51.8997%
200 F A BANK 25-1-13 51.8997% 51.8997%
201 F A BANK 25-2-14 51.8997% 51.8997%
202 F A BANK 25-4-19 51.8997% 51.8997%
203 F A BANK 25-7-15 51.8997% 51.8997%
204 F A BANK 26-16-18 49.8326% 49.8326%
205 F A BANK 34-13-21 61.7053% 61.7053%
206 F A BANK 34-1-6 63.3154% 63.3154%
207 F A BANK 35-2-8 63.3154% 63.3154%
208 F A BANK 35-3-9 63.3154% 63.3154%
209 F A BANK 35-5-10 63.3154% 63.3154%
210 FAB 10-15-24 61.7053% 61.7053%
211 FAB 10-16-25A 61.7053% 61.7053%
212 FAB 10-9-23 61.7053% 61.7053%
213 FAB 12-2-5 60.0952% 60.0952%
214 FAB 25-16-22 51.8997% 51.8997%
215 FAB 27-16-28 61.7053% 61.7053%
216 FAB 27-9-27 61.7053% 61.7053%
217 FAB 34-12-7 63.3154% 63.3154%
218 FEDERAL 8-16-12 56.8750% 56.8750%
219 FEDERAL 8-9-10 56.8750% 56.8750%
220 FEDERAL 9-12-7 56.8750% 56.8750%
221 FEDERAL 9-14-8 56.8750% 56.8750%
222 FEDERAL 9-4-5 56.8750% 56.8750%
223 FGLI 26-2-1 56.8750% 56.8750%
224 FGLI 26-6-3 56.8750% 56.8750%
225 FNB 1-3-1 56.8750% 56.8750%
226 FRIEDMAN 10-10-28 53.5438% 53.5438%
227 FRIEDMAN 10-15-29 53.5438% 53.5438%
228 FRIEDMAN 11-10-8 53.5438% 53.5438%
229 FRIEDMAN 11-11-17 53.5438% 53.5438%
230 FRIEDMAN 11-13-18 53.5438% 53.5438%
</TABLE>
A
PART I
4
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE A
Part I
DOMINION RESOURCES THE UNDERLYING PROPERTIES
TOTAL TOTAL TOTAL TOTAL
PERMIT PRORATION WI NRI ORRI RI
NUM WELL NAME & # NUMBER UNIT DESCRIPTION SEC-TWN-RN % % % %
==========================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
231 FRIEDMAN 12-1-9 5822-C NE/4NE/4 12-20S-9W 100.0000% 78.0000% 4.3750% 82.3750%
232 FRIEDMAN 12-2-50 8302-C W/2NE/4 12-20S-9W 100.0000% 78.0000% 4.3750% 82.3750%
233 FRIEDMAN 12-8-10 5823-C SE/4NE/4 12-20S-9W 100.0000% 78.0000% 4.3750% 82.3750%
234 FRIEDMAN 13-13-3 5597-C SW/4SW/4 13-20S-9W 100.0000% 78.0000% 4.3750% 82.3750%
235 FRIEDMAN 14-12-34 6688-C N/2SW/4 14-20S-9W 100.0000% 78.0000% 4.3750% 82.3750%
236 FRIEDMAN 14-13-35 8562-C SW/4SW/4 W/2SE/4SW/4 14-20S-9W 100.0000% 78.0000% 4.3750% 82.3750%
237 FRIEDMAN 14-6-33 6687-C S/2NW/4 14-20S-9W 100.0000% 78.0000% 4.3750% 82.3750%
238 FRIEDMAN 18-15-4 6052-C SW/4SE/4 18-20S-8W 100.0000% 78.0000% 4.3750% 82.3750%
239 FRIEDMAN 18-2-5 5745-C NW/4NE/4 18-20S-8W 100.0000% 78.0000% 4.3750% 82.3750%
240 FRIEDMAN 18-3-31 5915-C NE/4NW/4 18-20S-8W 100.0000% 78.0000% 4.3750% 82.3750%
241 FRIEDMAN 18-7-30 5908-C SW/4NE/4 NW/4SE/4 18-20S-8W 100.0000% 78.0000% 4.3750% 82.3750%
242 FRIEDMAN 18-8-2 5619-C SE/4NE/4 18-20S-8W 100.0000% 78.0000% 4.3750% 82.3750%
243 FRIEDMAN 18-9-1 5473-C E/2SE/4 18-20S-8W 100.0000% 78.0000% 4.3750% 82.3750%
244 FRIEDMAN 22-12-53 8382-C W/2SW/4 22-19S-9W 100.0000% 78.0000% 4.3750% 82.3750%
245 FRIEDMAN 22-14-38 6690-C S/2SW/4 22-20S-9W 100.0000% 78.0000% 4.3750% 82.3750%
246 FRIEDMAN 22-15-39 6118-C SW/4SE/4 22-20S-9W 100.0000% 78.0000% 4.3750% 82.3750%
247 FRIEDMAN 22-15-54 7869-C W/2SE/4 22-19S-9W 100.0000% 80.7500% 4.1875% 84.9375%
248 FRIEDMAN 22-16-55 7870-C E/2SE/4 22-19S-9W 100.0000% 78.0000% 4.3750% 82.3750%
249 FRIEDMAN 22-4-52 7979-C N/2NW/4 22-19S-9W 100.0000% 78.0000% 4.3750% 82.3750%
250 INTENTIONALLY OMITTED
251 FRIEDMAN 23-4-41 6122-C N/2NW/4 23-20S-9W 100.0000% 80.7500% 4.1875% 84.9375%
252 FRIEDMAN 23-5-40 6121-C SW/4NW/4 W/2SE/4NW/4 23-20S-9W 100.0000% 75.3333% 8.7500% 84.0833%
253 FRIEDMAN 2-12-21 5903-C W/2SW/4 2-20S-9W 100.0000% 78.0000% 4.3750% 82.3750%
254 FRIEDMAN 2-14-22 5904-C E/2SW/4 2-20S-9W 100.0000% 78.0000% 4.3750% 82.3750%
255 FRIEDMAN 2-1-15 5831-C NE/4NE/4 N/2SE/4NE/4 2-20S-9W 100.0000% 78.0000% 4.3750% 82.3750%
256 FRIEDMAN 2-5-42 6365-C W/2NW/4 2-20S-9W 100.0000% 78.0000% 4.3750% 82.3750%
257 FRIEDMAN 2-9-16 5830-C S/2SE/4NE/4 NE/4SE/4 2-20S-9W 100.0000% 81.6667% 4.1250% 85.7917%
258 FRIEDMAN 30-12-47 7314-C NW/4SW/4 30-19S-9W 78.1250% 60.9375% 4.3750% 65.3125%
259 FRIEDMAN 30-13-48 7593-C SW/4SW/4 30-19S-8W 78.1250% 60.9375% 4.3750% 65.3125%
260 FRIEDMAN 30-4-45 7349-C NW/4NW/4 30-19S-8W 78.1250% 60.9375% 4.3750% 65.3125%
261 FRIEDMAN 30-5-46 7962-C SW/4NW/4 30-19S-8W 78.1250% 60.9375% 4.3750% 65.3125%
262 FRIEDMAN 31-12-49 7423-C W/2SW/4 31-19S-8W 78.1250% 60.9375% 4.3750% 65.3125%
263 FRIEDMAN 34-10-57 7626-C NW/4SE/4 34-19S-9W 100.0000% 78.0000% 4.3750% 82.3750%
264 FRIEDMAN 34-15-58 7871-C N/2SW/4 36-19S-9W 100.0000% 78.0000% 4.3750% 82.3750%
265 FRIEDMAN 36-11-56 7474-C NW/4SE/4 36-19S-9W 78.1250% 60.9375% 6.6875% 67.6250%
266 FRIEDMAN 36-1-43 7293-C NE/4NE/4 36-19S-9W 78.1250% 60.9375% 4.3750% 65.3125%
267 FRIEDMAN 36-3-1 5284-C NE/4NW/4 36-19S-9W 78.1250% 60.9375% 4.3750% 65.3125%
268 FRIEDMAN 36-7-44 7313-C SW/4NE/4 NW/4SE/4 36-19S-9W 78.1250% 60.9375% 6.6875% 67.6250%
269 FRIEDMAN 36-8-2 5417-C SE/4NE/4 36-19S-9W 78.1250% 60.9375% 4.3750% 65.3125%
270 FRIEDMAN 3-15-26 6224-C S/2SE/4 3-20S-9W 100.0000% 78.0000% 3.8125% 81.8125%
271 FRIEDMAN 3-6-23 6223-C SE/4NW/4 NE/4SW/4 3-20S-9W 100.0000% 78.0000% 4.3750% 82.3750%
272 FRIEDMAN 4-8-59 8614-C E/2NE/4 4-20S-9W 100.0000% 80.7500% 4.1875% 84.9375%
273 FRIEDMAN 6-12-13 5841-C NW/4SW/4 6-20S-8W 100.0000% 78.0000% 4.3750% 82.3750%
274 FRIEDMAN 6-13-14 5842-C SW/4SW/4 6-20S-8W 100.0000% 78.0000% 4.3750% 82.3750%
275 FRIEDMAN 6-4-11 5843-C NW/4NW/4 6-20S-8W 100.0000% 78.0000% 4.3750% 82.3750%
276 FRIEDMAN 6-5-12 5840-C SW/4NW/4 6-20S-8W 100.0000% 78.0000% 4.3750% 82.3750%
277 FRIEDMAN-ROSE 2-15-1 9263-C W/2SE/4 2-20S-9W 100.0000% 86.8333% 0.6667% 87.5000%
278 FRIEDMAN-ROSE 2-16-3 9265-C SE/4SE/4 2-20S-9W 100.0000% 86.8333% 0.6667% 87.5000%
279 FRIEDMAN-ROSE 2-7-2 9264-C W/2NE/4 2-20S-9W 100.0000% 82.4167% 2.5208% 84.9375%
280 GILBERT 15-12-2 6904-C NW/4SW/4 NE/4SE/4 15-18S-8W} 16-18S-8W} 100.0000% 83.7500% 0.0000% 83.7500%
281 GILBERT 15-5-1 7160-C W/2NW/4 15-18S-8W 100.0000% 83.7500% 0.0000% 83.7500%
282 GILBERT 15-6-3 9890-C SE/4NW/4 NE/4SW/4 15-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
283 HALLMAN 17-2-2 7925-C NE/4NW/4 NW/4NE/4 15-18S-8W 17-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
284 HALLMAN 34-8-1 6762-C SE/4NE/4 NE/4SE/4 34-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
285 HALLMAN 8-14-1 8169-C SE/4SW/4 8-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
286 HAYES 18-13-3 8295-C W/2SW/4 18-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
287 HAYES 18-14-4 7978-C E/2SW/4 18-8S-8W 100.0000% 87.5000% 0.0000% 87.5000%
288 HAYES 7-16-2 7977-C S/2SE/4 7-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
289 HINDS 12-11-3 7901-C NE/4SW/4 12-19S-9W 100.0000% 84.8333% 2.6667% 87.5000%
290 HINDS 12-6-1 7159-C SE/4NW/4 12-19S-9W 100.0000% 84.8333% 2.6667% 87.5000%
</TABLE>
<TABLE>
<CAPTION>
DOMINION RESOURCES THE THE
APO ROYALTY ROYALTY
COMPANY PAYOUT INTERESTS INTERESTS
NUM WELL NAME & # INTEREST DATE BPO APO
====================================================================
<S> <C> <C> <C> <C>
231 FRIEDMAN 12-1-9 53.5438% 53.5438%
232 FRIEDMAN 12-2-50 53.5438% 53.5438%
233 FRIEDMAN 12-8-10 53.5438% 53.5438%
234 FRIEDMAN 13-13-3 53.5438% 53.5438%
235 FRIEDMAN 14-12-34 53.5438% 53.5438%
236 FRIEDMAN 14-13-35 53.5438% 53.5438%
237 FRIEDMAN 14-6-33 53.5438% 53.5438%
238 FRIEDMAN 18-15-4 53.5438% 53.5438%
239 FRIEDMAN 18-2-5 53.5438% 53.5438%
240 FRIEDMAN 18-3-31 53.5438% 53.5438%
241 FRIEDMAN 18-7-30 53.5438% 53.5438%
242 FRIEDMAN 18-8-2 53.5438% 53.5438%
243 FRIEDMAN 18-9-1 53.5438% 53.5438%
244 FRIEDMAN 22-12-53 53.5438% 53.5438%
245 FRIEDMAN 22-14-38 53.5438% 53.5438%
246 FRIEDMAN 22-15-39 53.5438% 53.5438%
247 FRIEDMAN 22-15-54 55.2094% 55.2094%
248 FRIEDMAN 22-16-55 53.5438% 53.5438%
249 FRIEDMAN 22-4-52 53.5438% 53.5438%
250 INTENTIONALLY OMITTED
251 FRIEDMAN 23-4-41 55.2094% 55.2094%
252 FRIEDMAN 23-5-40 54.6542% 54.6542%
253 FRIEDMAN 2-12-21 53.5438% 53.5438%
254 FRIEDMAN 2-14-22 53.5438% 53.5438%
255 FRIEDMAN 2-1-15 53.5438% 53.5438%
256 FRIEDMAN 2-5-42 53.5438% 53.5438%
257 FRIEDMAN 2-9-16 55.7646% 55.7646%
258 FRIEDMAN 30-12-47 42.4531% 42.4531%
259 FRIEDMAN 30-13-48 42.4531% 42.4531%
260 FRIEDMAN 30-4-45 42.4531% 42.4531%
261 FRIEDMAN 30-5-46 42.4531% 42.4531%
262 FRIEDMAN 31-12-49 42.4531% 42.4531%
263 FRIEDMAN 34-10-57 53.5438% 53.5438%
264 FRIEDMAN 34-15-58 53.5438% 53.5438%
265 FRIEDMAN 36-11-56 43.9563% 43.9563%
266 FRIEDMAN 36-1-43 42.4531% 42.4531%
267 FRIEDMAN 36-3-1 42.4531% 42.4531%
268 FRIEDMAN 36-7-44 43.9563% 43.9563%
269 FRIEDMAN 36-8-2 42.4531% 42.4531%
270 FRIEDMAN 3-15-26 53.1781% 53.1781%
271 FRIEDMAN 3-6-23 53.5438% 53.5438%
272 FRIEDMAN 4-8-59 55.2094% 55.2094%
273 FRIEDMAN 6-12-13 53.5438% 53.5438%
274 FRIEDMAN 6-13-14 53.5438% 53.5438%
275 FRIEDMAN 6-4-11 53.5438% 53.5438%
276 FRIEDMAN 6-5-12 53.5438% 53.5438%
277 FRIEDMAN-ROSE 2-15-1 56.8750% 56.8750%
278 FRIEDMAN-ROSE 2-16-3 56.8750% 56.8750%
279 FRIEDMAN-ROSE 2-7-2 55.2094% 55.2094%
280 GILBERT 15-12-2 75.0000% 09/94 54.4375% 48.7500%
281 GILBERT 15-5-1 75.0000% 09/94 54.4375% 48.7500%
282 GILBERT 15-6-3 56.8750% 56.8750%
283 HALLMAN 17-2-2 56.8750% 56.8750%
284 HALLMAN 34-8-1 56.8750% 56.8750%
285 HALLMAN 8-14-1 56.8750% 56.8750%
286 HAYES 18-13-3 56.8750% 56.8750%
287 HAYES 18-14-4 56.8750% 56.8750%
288 HAYES 7-16-2 56.8750% 56.8750%
289 HINDS 12-11-3 56.8750% 56.8750%
290 HINDS 12-6-1 56.8750% 56.8750%
</TABLE>
A
PART I
5
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE A
Part I
DOMINION RESOURCES THE UNDERLYING PROPERTIES
TOTAL TOTAL TOTAL TOTAL
PERMIT PRORATION WI NRI ORRI RI
NUM WELL NAME & # NUMBER UNIT DESCRIPTION SEC-TWN-RN % % % %
==========================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
291 HINDS 12-7-2 6851-C SW/4NE/4 NW/4SE/4 12-19S-9W 100.0000% 84.7333% 2.7667% 87.5000%
292 HINDS 14-5-4 7816-C SW/4NW/4 14-19S-9W 100.0000% 83.5000% 4.0000% 87.5000%
293 HINDS 14-6-5 7742-C SE/4NW/4 14-19S-9W 100.0000% 83.5000% 4.0000% 87.5000%
294 HOBSON 22-9-1 6115-C E/2SE/4 22-20S-9W 100.0000% 83.5000% 4.0000% 87.5000%
295 HOLMAN 10-11-1 6543-C N/2SW/4 10-20S-9W 100.0000% 83.5000% 4.0000% 87.5000%
296 HOLMAN 13-11-20 8798-C SE/4NW/4 NE/4SW/4 13-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
297 HOLMAN 13-14-21 8172-C S/2SW/4 13-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
298 HOLMAN 13-15-22 8296-C W/2SE/4 13-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
299 HOLMAN 13-7-19 8478-C W/2NE/4 13-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
300 HOLMAN 14-3-2 7815-C NE/4NW/4 14-19S-9W 100.0000% 83.5000% 4.0000% 87.5000%
301 HOLMAN 14-4-1 7814-C NW/4NW/4 14-19S-9W 100.0000% 83.5000% 4.0000% 87.5000%
302 HOLMAN 15-1-28 9693-C N/2NE/4 15-18S-8W 100.0000% 83.5938% 0.0000% 83.5938%
303 HOLMAN 15-8-25 9334-C S/2NE/4 15-18S-8W 100.0000% 83.5938% 0.0000% 83.5938%
304 HOLMAN 17-11-31 9726-C SW/4NW/4 NW/4SW/4 17-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
305 HOLMAN 17-12-15 7477-C S/2NE/4 17-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
306 HOLMAN 17-13-16 7478-C S/2SW/4 17-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
307 HOLMAN 18-3-2 8381-C E/2NW/4 24-18S-9W 100.0000% 83.5000% 4.0000% 87.5000%
308 HOLMAN 24-1-26 8148-C N/2NW/4 18-19S-8W 100.0000% 87.5000% 0.0000% 87.5000%
309 HOLMAN 24-3-27 8572-C N/2NW/4 24-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
310 HOLMAN 26-4-23 8158-C NW/4NW/4 26-19S-9W 78.1250% 65.2344% 4.0000% 69.2344%
311 HOLMAN 26-5-29 7961-C SW/4NW/4 26-19S-9W 78.1250% 65.2344% 4.0000% 69.2344%
312 HOLMAN 26-6-24 7524-C E/2NW/4 26-19S-9W 78.1250% 65.2344% 4.0000% 69.2344%
313 HOLMAN 34-6-3 7952-C S/2NW/4 34-18S-9W 100.0000% 87.5000% 4.9541% 92.4541%
314 HOLMAN 35-12-4 6870-C NW/4SW/4 35-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
315 HOWELL 12-14-2 7705-C SE/4SW/4 12-19S-9W 100.0000% 83.9444% 3.5556% 87.5000%
316 HOWELL 12-15-3 7706-C SW/4SE/4 12-19S-9W 100.0000% 83.9444% 3.5556% 87.5000%
317 HOWELL 12-9-1 7704-C E/2SE/4 12-19S-9W 100.0000% 83.9444% 3.5556% 87.5000%
318 MAYFIELD 12-10-5 9781-C W/2SE/4 1-19S-9W 100.0000% 87.5000% 0.0000% 87.5000%
319 MAYFIELD 12-9-2 5821-C E/2SE/4 12/20S/9W 100.0000% 78.0000% 5.8750% 83.8750%
320 MAYFIELD 14-1-1 5679-C E/2NE/4 14-20S-9W 100.0000% 78.0000% 5.8750% 83.8750%
321 MAYFIELD 1-3-3 6806-C E/2NW/4 1-19S-9W 100.0000% 87.5000% 0.0000% 87.5000%
322 MAYFIELD 1-7-4 6761-C W/2NE/4 1-19S-9W 100.0000% 87.5000% 0.0000% 87.5000%
323 MAYFIELD 8-3-1 5926-C NE/4NW/4 8-19S-8W 100.0000% 80.7500% 4.9375% 85.6875%
324 MCDANIEL 18-4-1 5600-C NW/4NW/4 18-20S-8W 100.0000% 78.0000% 9.0000% 87.0000%
325 MCDANIEL 18-5-2 5588-C SW/4NW/4 18-20S-8W 100.0000% 78.0000% 9.0000% 87.0000%
326 MCDANIEL 18-6-3 5590-C SE/4NW/4 18-20S-8W 100.0000% 78.0000% 9.0000% 87.0000%
327 MCGUIRE 26-12-6 7283-C N/2SW/4 26-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
328 MCGUIRE 26-13-3 6730-C S/2SW/4 26-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
329 MCGUIRE 26-16-1 6222-C S/2SE/4 26-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
330 MCGUIRE 27-9-4 6731-C E/2SE/4 27-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
331 MCGUIRE 34-9-5 8301-C E/2SE/4 34-19S-9W 100.0000% 86.5000% 1.0000% 87.5000%
332 MILLS 22-14-1 9162-C E/2SW/4 22-19S-9W 100.0000% 85.5000% 2.0000% 87.5000%
333 MOODY 22-6-1 7868-C S/2NW/4 22-19S-9W 100.0000% 83.5000% 4.0000% 87.5000%
334 MOORE 13-1-1 8679-C E/2NE/4 13-18S-9W 100.0000% 87.4956% 0.0000% 87.4956%
335 MOORE 13-9-2 8680-C E/2SE/4 13-18S-9W 100.0000% 87.4956% 0.0000% 87.4956%
336 NAUGHER 34-7-1 7163-C W/2NE/4 34-18S-9W 100.0000% 87.5000% 4.9541% 92.4541%
337 PAYNE 17-15-1 7479-C SW/4SE/4 17-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
338 PETTUS 8-5-3 9725-C W/2NW/4 8-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
339 PETTUS 8-6-2 9871-C E/2NW/4 8-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
340 PRICE 1-1-1 6576-C E/2NE/4 1-19S-9W 100.0000% 87.5000% 0.0000% 87.5000%
341 RICE 2-6-1 6192-C E/2NW/4 2-20S-9W 100.0000% 78.0000% 6.6875% 84.6875%
342 SEALY 18-1-1 8765-C E/2NE/4 18-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
343 SEARCY 11-9-14 5817-C NE/4SE/4 11-20S-9W 100.0000% 83.5000% 4.0000% 87.5000%
344 SEARCY 12-3-16 5824-C NE/4NW/4 12-20S-9W 100.0000% 83.5000% 4.0000% 87.5000%
345 SEARCY 12-6-19 9335-C SE/4NW/4 NE/4SW/4 12-20S-9W 100.0000% 83.5000% 4.0000% 87.5000%
346 SEARCY 17-11-8 5661-C NE/4SW/4 17-20S-8W 100.0000% 83.5000% 4.0000% 87.5000%
347 SEARCY 17-14-9 5616-C SE/4SW/4 17-20S-8W 100.0000% 83.5000% 4.0000% 87.5000%
348 SEARCY 17-5-7 5615-C SW/4NW/4 17-20S-8W 100.0000% 83.5000% 4.0000% 87.5000%
349 SEARCY 17-6-20 9915-C SE/4NW/4 17-20S-8W 100.0000% 83.7350% 3.7650% 87.5000%
350 SEARCY 18-11-18 5914-C N/2SW/4 18-20S-8W 100.0000% 83.5000% 4.0000% 87.5000%
</TABLE>
<TABLE>
<CAPTION>
DOMINION RESOURCES THE THE
APO ROYALTY ROYALTY
COMPANY PAYOUT INTERESTS INTERESTS
NUM WELL NAME & # INTEREST DATE BPO APO
========================= ==========================================
<S> <C> <C> <C> <C>
291 HINDS 12-7-2 56.8750% 56.8750%
292 HINDS 14-5-4 56.8750% 56.8750%
293 HINDS 14-6-5 56.8750% 56.8750%
294 HOBSON 22-9-1 56.8750% 56.8750%
295 HOLMAN 10-11-1 56.8750% 56.8750%
296 HOLMAN 13-11-20 56.8750% 56.8750%
297 HOLMAN 13-14-21 56.8750% 56.8750%
298 HOLMAN 13-15-22 56.8750% 56.8750%
299 HOLMAN 13-7-19 56.8750% 56.8750%
300 HOLMAN 14-3-2 56.8750% 56.8750%
301 HOLMAN 14-4-1 56.8750% 56.8750%
302 HOLMAN 15-1-28 54.3359% 54.3359%
303 HOLMAN 15-8-25 54.3359% 54.3359%
304 HOLMAN 17-11-31 56.8750% 56.8750%
305 HOLMAN 17-12-15 56.8750% 56.8750%
306 HOLMAN 17-13-16 56.8750% 56.8750%
307 HOLMAN 18-3-2 56.8750% 56.8750%
308 HOLMAN 24-1-26 56.8750% 56.8750%
309 HOLMAN 24-3-27 56.8750% 56.8750%
310 HOLMAN 26-4-23 45.0023% 45.0023%
311 HOLMAN 26-5-29 45.0023% 45.0023%
312 HOLMAN 26-6-24 45.0023% 45.0023%
313 HOLMAN 34-6-3 60.0952% 60.0952%
314 HOLMAN 35-12-4 56.8750% 56.8750%
315 HOWELL 12-14-2 56.8750% 56.8750%
316 HOWELL 12-15-3 56.8750% 56.8750%
317 HOWELL 12-9-1 56.8750% 56.8750%
318 MAYFIELD 12-10-5 56.8750% 56.8750%
319 MAYFIELD 12-9-2 54.5188% 54.5188%
320 MAYFIELD 14-1-1 54.5188% 54.5188%
321 MAYFIELD 1-3-3 56.8750% 56.8750%
322 MAYFIELD 1-7-4 56.8750% 56.8750%
323 MAYFIELD 8-3-1 55.6969% 55.6969%
324 MCDANIEL 18-4-1 56.5500% 56.5500%
325 MCDANIEL 18-5-2 56.5500% 56.5500%
326 MCDANIEL 18-6-3 56.5500% 56.5500%
327 MCGUIRE 26-12-6 56.8750% 56.8750%
328 MCGUIRE 26-13-3 56.8750% 56.8750%
329 MCGUIRE 26-16-1 56.8750% 56.8750%
330 MCGUIRE 27-9-4 56.8750% 56.8750%
331 MCGUIRE 34-9-5 56.8750% 56.8750%
332 MILLS 22-14-1 56.8750% 56.8750%
333 MOODY 22-6-1 56.8750% 56.8750%
334 MOORE 13-1-1 56.8721% 56.8721%
335 MOORE 13-9-2 56.8721% 56.8721%
336 NAUGHER 34-7-1 60.0952% 60.0952%
337 PAYNE 17-15-1 56.8750% 56.8750%
338 PETTUS 8-5-3 56.8750% 56.8750%
339 PETTUS 8-6-2 56.8750% 56.8750%
340 PRICE 1-1-1 56.8750% 56.8750%
341 RICE 2-6-1 55.0469% 55.0469%
342 SEALY 18-1-1 56.8750% 56.8750%
343 SEARCY 11-9-14 56.8750% 56.8750%
344 SEARCY 12-3-16 56.8750% 56.8750%
345 SEARCY 12-6-19 56.8750% 56.8750%
346 SEARCY 17-11-8 56.8750% 56.8750%
347 SEARCY 17-14-9 56.8750% 56.8750%
348 SEARCY 17-5-7 56.8750% 56.8750%
349 SEARCY 17-6-20 56.8750% 56.8750%
350 SEARCY 18-11-18 56.8750% 56.8750%
</TABLE>
A
PART I
6
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE A
Part I
DOMINION RESOURCES THE UNDERLYING PROPERTIES
TOTAL TOTAL TOTAL TOTAL
PERMIT PRORATION WI NRI ORRI RI
NUM WELL NAME & # NUMBER UNIT DESCRIPTION SEC-TWN-RN % % % %
==========================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
351 SEARCY 18-13-6 5586-C SW/4SW/4 18-20S-8W 100.0000% 83.5000% 4.0000% 87.5000%
352 SEARCY 18-14-5 6053-C SE/4SW/4 18-20S-8W 100.0000% 83.5000% 4.0000% 87.5000%
353 SEARCY 19-10-3 5693-C NW/4SE/4 19-20S-8W 100.0000% 83.5000% 4.0000% 87.5000%
354 SEARCY 19-4-1 5571-C NW/4NW/4 19-20S-8W 100.0000% 83.5000% 4.0000% 87.5000%
355 SEARCY 20-3-10 5694-C NE/4NW/4 20-20S-8W 100.0000% 83.5000% 4.0000% 87.5000%
356 SEARCY 20-4-11 5633-C NW/4NW/4 20-20S-8W 100.0000% 83.5000% 4.0000% 87.5000%
357 SEARCY 20-5-12 5634-C SW/4NW/4 20-20S-8W 100.0000% 83.5000% 4.0000% 87.5000%
358 SEARCY 20-6-13 5635-C SE/4NW/4 20-20S-8W 100.0000% 83.5000% 4.0000% 87.5000%
359 SEARCY 24-1-2 5572-C SE/4SE/4 NE/4NE/4 13-20S-9W} 24-20S-9W 100.0000% 83.5000% 4.0000% 87.5000%
360 SEARCY 7-15-15 9856-C SW/4SE/4 7-20S-8W 100.0000% 83.5010% 3.9990% 87.5000%
361 SEARCY 7-6-17 7498-C SE/4NW/4 7-20S-8W 100.0000% 83.5000% 4.0000% 87.5000%
362 SESSIONS 35-15-3 6869-C S/2SE/4 35-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
363 SESSIONS 35-8-1 6970-C SE/4NE/4 35-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
364 SESSIONS 35-9-2 6868-C NE/4SE/4 35-18S-9W 100.0000% 87.5000% 0.0000% 87.5000%
365 STEDMAN 11-10-10 7356-C SW/4NE/4 NW/4SE/4 11-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
366 STEDMAN 11-12-11 7308-C N/2SW/4 11-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
367 STEDMAN 11-14-12 7507-C S/2SW/4 11-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
368 STEDMAN 11-16-13 7309-C S/2SE/4 11-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
369 STEDMAN 11-1-5 7305-C E/2NE/4 11-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
370 STEDMAN 11-2-6 7347-C NW/4NE/4 11-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
371 STEDMAN 11-3-24 7956-C NE/4NW/4 11-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
372 STEDMAN 11-4-7 7422-C NW/4NW/4 11-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
373 STEDMAN 11-5-8 7306-C S/2NW/4 11-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
374 STEDMAN 11-9-9 7307-C NE/4SE/4 11-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
375 STEDMAN 13-12-20 7817-C SW/4NW/4 NW/4SW/4 13-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
376 STEDMAN 13-14-21 7818-C S/2SW/4 13-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
377 STEDMAN 13-15-22 7867-C S/2SE/4 13-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
378 STEDMAN 13-1-15 7702-C NE/4NE/4 13-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
379 STEDMAN 13-2-16 7703-C NE/4NW/4 NW/4NE/4 13-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
380 STEDMAN 13-4-17 8147-C NW/4NW/4 13-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
381 STEDMAN 13-6-18 7707-C SE/4NW/4 SW/4NE/4 13-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
382 STEDMAN 13-9-19 7954-C SE/4NE/4 NE/4SE/4 13-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
383 STEDMAN 1-11-3 7304-C NE/4SW/4 1-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
384 STEDMAN 1-15-14 7310-C W/2SE/4 1-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
385 STEDMAN 1-16-4 7393-C SE/4SE/4 1-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
386 STEDMAN 1-9-1 7392-C NW/4SW/4 24-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
387 STOTHART 24-12-1 9608-C NE/4SE/4 1-19S-9W 100.0000% 84.7273% 1.6364% 86.3636%
388 STOTHART 24-13-2 9609-C SW/4SW/4 24-19S-9W 100.0000% 86.1136% 0.8182% 86.9318%
389 SULLIVAN 4-11-2 9885-C N/2SW/4 4-18S-8W 100.0000% 86.6071% 0.0000% 86.6071%
390 THORNHILL 12-13-1 6145-C S/2SW/4 12-20S-9W 100.0000% 83.5000% 4.0000% 87.5000%
391 TURNER 17-10-1 8090-C NW/4SE/4 17-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
392 TURNER 17-16-1 7348-C SE/4SE/4 17-18S-8W 100.0000% 87.5000% 0.0000% 87.5000%
393 USX 9-6-20 8171-C E/2NW/4 9-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
394 USX 14-10-43 9916-C W/2SE/4 14-18S-8W 100.0000% 80.6188% 0.0000% 80.6188%
395 USX 14-11-25 6866-C NE/4SW/4 14-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
396 USX 14-13-37 7158-C W/2SW/4 14-18S-8W 100.0000% 83.7500% 0.0000% 83.7500%
397 USX 14-14-44 8996-C SE/4SW/4 14-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
398 USX 14-3-45 9656-C NE/4NW/4 14-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
399 USX 14-5-24 7093-C S/2NW/4 14-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
400 USX 15-13-27 6371-C SW/4SW/4 SE/4SE/4 15-18S-8W 16-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
401 USX 16-11-33 8102-C NE/4SW/4 NW/4SE/4 16-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
402 USX 16-13-34 6579-C W/2SW/4 16-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
403 USX 16-15-35 6580-C SE/4SW/4 SW/4SE/4 16-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
404 USX 16-2A-40 7951-C N/2NE/4 16-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
405 USX 16-4-29 6755-C N/2NW/4 16-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
406 USX 16-5-30 6756-C S/2NW/4 16-18S-SW 100.0000% 80.0000% 0.0000% 80.0000%
407 USX 16-7-31 6577-C SW/4NE/4 16-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
408 USX 16-8-28 7672-C SE/4NE/4 16-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
409 USX 21-15-11 6280-C SW/4SE/4 21-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
410 USX 21-16-12 7161-C E/2SE/4 21-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
</TABLE>
<TABLE>
<CAPTION>
DOMINION RESOURCES THE THE
APO ROYALTY ROYALTY
COMPANY PAYOUT INTERESTS INTERESTS
NUM WELL NAME & # INTEREST DATE BPO APO
========================= ==========================================
<S> <C> <C> <C> <C>
351 SEARCY 18-13-6 56.8750% 56.8750%
352 SEARCY 18-14-5 56.8750% 56.8750%
353 SEARCY 19-10-3 56.8750% 56.8750%
354 SEARCY 19-4-1 56.8750% 56.8750%
355 SEARCY 20-3-10 56.8750% 56.8750%
356 SEARCY 20-4-11 56.8750% 56.8750%
357 SEARCY 20-5-12 56.8750% 56.8750%
358 SEARCY 20-6-13 56.8750% 56.8750%
359 SEARCY 24-1-2 56.8750% 56.8750%
360 SEARCY 7-15-15 56.8750% 56.8750%
361 SEARCY 7-6-17 56.8750% 56.8750%
362 SESSIONS 35-15-3 56.8750% 56.8750%
363 SESSIONS 35-8-1 56.8750% 56.8750%
364 SESSIONS 35-9-2 56.8750% 56.8750%
365 STEDMAN 11-10-10 52.8125% 52.8125%
366 STEDMAN 11-12-11 52.8125% 52.8125%
367 STEDMAN 11-14-12 52.8125% 52.8125%
368 STEDMAN 11-16-13 52.8125% 52.8125%
369 STEDMAN 11-1-5 52.8125% 52.8125%
370 STEDMAN 11-2-6 52.8125% 52.8125%
371 STEDMAN 11-3-24 52.8125% 52.8125%
372 STEDMAN 11-4-7 52.8125% 52.8125%
373 STEDMAN 11-5-8 52.8125% 52.8125%
374 STEDMAN 11-9-9 52.8125% 52.8125%
375 STEDMAN 13-12-20 52.8125% 52.8125%
376 STEDMAN 13-14-21 52.8125% 52.8125%
377 STEDMAN 13-15-22 52.8125% 52.8125%
378 STEDMAN 13-1-15 52.8125% 52.8125%
379 STEDMAN 13-2-16 52.8125% 52.8125%
380 STEDMAN 13-4-17 52.8125% 52.8125%
381 STEDMAN 13-6-18 52.8125% 52.8125%
382 STEDMAN 13-9-19 52.8125% 52.8125%
383 STEDMAN 1-11-3 52.8125% 52.8125%
384 STEDMAN 1-15-14 52.8125% 52.8125%
385 STEDMAN 1-16-4 52.8125% 52.8125%
386 STEDMAN 1-9-1 52.8125% 52.8125%
387 STOTHART 24-12-1 56.1364% 56.1364%
388 STOTHART 24-13-2 56.5057% 56.5057%
389 SULLIVAN 4-11-2 56.2946% 56.2946%
390 THORNHILL 12-13-1 56.8750% 56.8750%
391 TURNER 17-10-1 56.8750% 56.8750%
392 TURNER 17-16-1 56.8750% 56.8750%
393 USX 9-6-20 75.0000% 09/94 52.0000% 48.7500%
394 USX 14-10-43 76.8600% 09/94 52.4022% 49.9590%
395 USX 14-11-25 75.0000% 09/94 52.0000% 48.7500%
396 USX 14-13-37 75.0000% 09/94 54.4375% 48.7500%
397 USX 14-14-44 75.0000% 09/94 52.0000% 48.7500%
398 USX 14-3-45 75.0000% 09/94 52.0000% 48.7500%
399 USX 14-5-24 75.0000% 09/94 52.0000% 48.7500%
400 USX 15-13-27 75.0000% 09/94 52.0000% 48.7500%
401 USX 16-11-33 75.0000% 09/94 52.0000% 48.7500%
402 USX 16-13-34 75.0000% 09/94 52.0000% 48.7500%
403 USX 16-15-35 75.0000% 09/94 52.0000% 48.7500%
404 USX 16-2A-40 75.0000% 09/94 52.0000% 48.7500%
405 USX 16-4-29 75.0000% 09/94 52.0000% 48.7500%
406 USX 16-5-30 75.0000% 09/94 52.0000% 48.7500%
407 USX 16-7-31 75.0000% 09/94 52.0000% 48.7500%
408 USX 16-8-28 75.0000% 09/94 52.0000% 48.7500%
409 USX 21-15-11 75.0000% 01/94 52.0000% 48.7500%
410 USX 21-16-12 75.0000% 01/94 52.0000% 48.7500%
</TABLE>
A
PART I
7
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE A
Part I
DOMINION RESOURCES THE UNDERLYING PROPERTIES
TOTAL TOTAL TOTAL TOTAL
PERMIT PRORATION WI NRI ORRI RI
NUM WELL NAME & # NUMBER UNIT DESCRIPTION SEC-TWN-RN % % % %
==========================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
411 USX 22-11-13 6287-C NE/4SW/4 22-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
412 USX 22-12-14 6284-C SW/4NW/4 NW/4SW/4 22-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
413 USX 22-4-36 6277-C NW/4NW/4 22-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
414 USX 23-4-41 9878-C NW/4NW/4 23-18S-8W 100.0000% 80.7247% 0.0000% 80.7247%
415 USX 28-3-15 7162-C W/2NW/4NE/4 NE/4NW/4 28-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
416 USX 28-4-16 6283-C NW/4NW/4 28-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
417 USX 28-5-17 6272-C SW/4NW/4 28-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
418 USX 29-11-7 6274-C NE/4SW/4 29-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
419 USX 29-13-9 9706-C W/2SW/4 29-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
420 USX 29-14-10 9707-C SE/4SW/4 NE/4NW/4 29-18S-8W 32-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
421 USX 29-8-6 6282-C E/2SW/4NE/4 SE/4NE/4 29-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
422 USX 30-9-18 6757-C NE/4SE/4 30-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
423 USX 5-10-2 6286-C NW/4SE/4 5-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
424 USX 5-15-3 6366-C SW/4SE/4 5-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
425 USX 5-7-1 6279-C SW/4NE/4 5-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
426 USX 8-11-5 6281-C NE/4SW/4 8-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
427 USX 8-14-39 9850-C SE/4SW/4 8-19S-8W 100.0000% 80.2800% 0.0000% 80.2800%
428 USX 8-6-4 6335-C SE/4NW/4 8-19S-8W 100.0000% 80.0000% 0.0000% 80.0000%
429 USX 9-10-22 6865-C NW/4SE/4 9-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
430 USX 9-15-23 7899-C SW/4SE/4 9-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
431 USX 9-16-38 7900-C E/2SE/4 9-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
432 USX 9-7-21 7898-C W/2NE/4 9-18S-8W 100.0000% 80.0000% 0.0000% 80.0000%
433 WEST 11-15-37 5855-C S/2SE/4 11-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
434 WEST 11-1-34 5811-C NE/4NE/4 11-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
435 WEST 11-2-35 5818-C NW/4NE/4 11-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
436 WEST 11-4-41 6194-C N/2NW/4 11-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
437 WEST 11-5-42 6195-C S/2NW/4 11-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
438 WEST 11-8-36 5819-C SE/4NE/4 11-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
439 WEST 13-11-6 5580-C E/2SW/4 13-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
440 WEST 13-12-4A 5535-C NW/4SW/4 13-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
441 WEST 13-15-23 5754-C SW/4SE/4 13-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
442 WEST 13-1-15 5598-C NE/4NE/4 13-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
443 WEST 13-2-16 5594-C NE/4NW/4 NW/4NE/4 13-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
444 WEST 13-4-17 5595-C NW/4NW/4 13-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
445 WEST 13-5-3 5500-C SW/4NW/4 13-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
446 WEST 13-6-1 5462-C SE/4NW/4 13-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
447 WEST 13-7-38 5784-C SW/4NE/4 NW/4SE/4 13-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
448 WEST 13-8-14 5596-C SE/4/NE/4 13-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
449 WEST 13-9-9 5592-C NE/4SE/4 13-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
450 WEST 15-10-88 7744-C NW/4SE/4 15-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
451 WEST 15-11-89 7745-C NE/4SW/4 15-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
452 INTENTIONALLY OMITTED
453 WEST 15-13-58 6891-C S/2SW/4 15-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
454 WEST 15-14-90A 9194-C SE/4SW/4 15-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
455 WEST 15-16-91 7819-C S/2SE/4 15-19S-9W } 100.0000% 78.0000% 3.2500% 81.2500%
456 WEST 15-1-51 6305-C NE/4NE/4 NW/4NW/4 15-20S-9W} 14-20S-9W 100.0000% 80.7500% 3.6250% 84.3750%
457 WEST 15-1-83 7791-C E/2NE/4 15-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
458 WEST 15-2-52 6887-C W/2NE/4 15-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
459 WEST 15-3-68 6296-C N/2NW/4 15-20S-9W 100.0000% 80.7463% 3.6288% 84.3751%
460 WEST 15-3-84 7792-C NE/4NW/4 NW/4NE/4 15-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
461 WEST 15-5-85 7959-C W/2NW/4 15-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
462 WEST 15-6-53 6888-C SE/4NW/4 NE/4SW/4 15-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
463 WEST 15-6-86 7960-C SE/4NW/4 SW/4NE/4 15-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
464 WEST 15-8-55 6889-C SE/4NE/4 15-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
465 WEST 15-9-87 7743-C NE/4SE/4 15-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
466 WEST 17-12-20 5618-C NW/4SW/4 17-20S-8W 100.0000% 78.0000% 3.2500% 81.2500%
467 WEST 17-13-21 5617-C SW/4SW/4 17-20S-8W 100.0000% 78.0000% 3.2500% 81.2500%
468 WEST 19-11-13 5589-C NE/4SW/4 19-20S-8W 100.0000% 78.0000% 3.2500% 81.2500%
469 WEST 19-12-11 5565-C NW/4SW/4 19-20S-8W 100.0000% 78.0000% 3.2500% 81.2500%
470 WEST 19-1-19 5591-C NE/4NE/4 19-20S-8W 100.0000% 78.0000% 3.2500% 81.2500%
</TABLE>
<TABLE>
<CAPTION>
DOMINION RESOURCES THE THE
APO ROYALTY ROYALTY
COMPANY PAYOUT INTERESTS INTERESTS
NUM WELL NAME & # INTEREST DATE BPO APO
====================================================================
<S> <C> <C> <C> <C>
411 USX 22-11-13 75.0000% 01/94 52.0000% 48.7500%
412 USX 22-12-14 75.0000% 01/94 52.0000% 48.7500%
413 USX 22-4-36 75.0000% 01/94 52.0000% 48.7500%
414 USX 23-4-41 77.1700% 09/94 52.4710% 50.1605%
415 USX 28-3-15 75.0000% 01/94 52.0000% 48.7500%
416 USX 28-4-16 75.0000% 01/94 52.0000% 48.7500%
417 USX 28-5-17 75.0000% 01/94 52.0000% 48.7500%
418 USX 29-11-7 75.0000% 01/94 52.0000% 48.7500%
419 USX 29-13-9 75.0000% 01/94 52.0000% 48.7500%
420 USX 29-14-10 75.0000% 01/94 52.0000% 48.7500%
421 USX 29-8-6 75.0000% 01/94 52.0000% 48.7500%
422 USX 30-9-18 75.0000% 01/94 52.0000% 48.7500%
423 USX 5-10-2 75.0000% 02/95 52.0000% 48.7500%
424 USX 5-15-3 75.0000% 02/95 52.0000% 48.7500%
425 USX 5-7-1 75.0000% 02/95 52.0000% 48.7500%
426 USX 8-11-5 75.0000% 02/95 52.0000% 48.7500%
427 USX 8-14-39 75.8400% 02/95 52.1820% 49.2960%
428 USX 8-6-4 75.0000% 02/95 52.0000% 48.7500%
429 USX 9-10-22 75.0000% 09/94 52.0000% 48.7500%
430 USX 9-15-23 75.0000% 09/94 52.0000% 48.7500%
431 USX 9-16-38 75.0000% 09/94 52.0000% 48.7500%
432 USX 9-7-21 75.0000% 09/94 52.0000% 48.7500%
433 WEST 11-15-37 52.8125% 52.8125%
434 WEST 11-1-34 52.8125% 52.8125%
435 WEST 11-2-35 52.8125% 52.8125%
436 WEST 11-4-41 52.8125% 52.8125%
437 WEST 11-5-42 52.8125% 52.8125%
438 WEST 11-8-36 52.8125% 52.8125%
439 WEST 13-11-6 52.8125% 52.8125%
440 WEST 13-12-4A 52.8125% 52.8125%
441 WEST 13-15-23 52.8125% 52.8125%
442 WEST 13-1-15 52.8125% 52.8125%
443 WEST 13-2-16 52.8125% 52.8125%
444 WEST 13-4-17 52.8125% 52.8125%
445 WEST 13-5-3 52.8125% 52.8125%
446 WEST 13-6-1 52.8125% 52.8125%
447 WEST 13-7-38 52.8125% 52.8125%
448 WEST 13-8-14 52.8125% 52.8125%
449 WEST 13-9-9 52.8125% 52.8125%
450 WEST 15-10-88 52.8125% 52.8125%
451 WEST 15-11-89 52.8125% 52.8125%
452 INTENTIONALLY OMITTED
453 WEST 15-13-58 52.8125% 52.8125%
454 WEST 15-14-90A 52.8125% 52.8125%
455 WEST 15-16-91 52.8125% 52.8125%
456 WEST 15-1-51 54.8438% 54.8438%
457 WEST 15-1-83 52.8125% 52.8125%
458 WEST 15-2-52 52.8125% 52.8125%
459 WEST 15-3-68 54.8438% 54.8438%
460 WEST 15-3-84 52.8125% 52.8125%
461 WEST 15-5-85 52.8125% 52.8125%
462 WEST 15-6-53 52.8125% 52.8125%
463 WEST 15-6-86 52.8125% 52.8125%
464 WEST 15-8-55 52.8125% 52.8125%
465 WEST 15-9-87 52.8125% 52.8125%
466 WEST 17-12-20 52.8125% 52.8125%
467 WEST 17-13-21 52.8125% 52.8125%
468 WEST 19-11-13 52.8125% 52.8125%
469 WEST 19-12-11 52.8125% 52.8125%
470 WEST 19-1-19 52.8125% 52.8125%
</TABLE>
A
PART I
8
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE A
Part I
DOMINION RESOURCES THE UNDERLYING PROPERTIES
TOTAL TOTAL TOTAL TOTAL
PERMIT PRORATION WI NRI ORRI RI
NUM WELL NAME & # NUMBER UNIT DESCRIPTION SEC-TWN-RN % % % %
==========================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
471 WEST 19-2-10 5707-C NW/4NE/4 19-20S-8W 100.0000% 78.0000% 3.2500% 81.2500%
472 WEST 19-3-7 5549-C NE/4NW/4 19-20S-8W 100.0000% 78.0000% 3.2500% 81.2500%
473 WEST 19-6-18 5593-C S/2NW/4 19-20S-8W 100.0000% 78.0000% 3.2500% 81.2500%
474 WEST 19-7-1 5477-C SW/4NE/4 19-20S-8W 100.0000% 78.0000% 3.2500% 81.2500%
475 WEST 19-8-12 5587-C SE/4NE/4 19-20S-8W 100.0000% 78.0000% 3.2500% 81.2500%
476 WEST 1-10-29 5810-C NW/4SE/4 S/2SW/4NE/4 1-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
477 WEST 1-11-30 5804-C NE/4SW/4 1-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
478 WEST 1-13-31 5805-C SW/4SW/4 S/2NW/4SW/4 1-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
479 WEST 1-14-32 5806-C SE/4SW/4 W/2SW/4SE/4 1-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
480 WEST 1-16-33 5829-C SE/4SE/4 E/2SW/4SE/4 1-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
481 WEST 1-1-24 5808-C NE/4NE/4 1-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
482 WEST 1-2-25 5828-C SW/4NW/4 N/2NW/4SW/4 1-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
483 INTENTIONALLY OMITTED
484 WEST 1-6-39 5807-C SE/4NW/4 1-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
485 WEST 1-8-27 5809-C SE/4NE/4 1-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
486 WEST 1-9-28 5803-C NE/4SE/4 1-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
487 WEST 21-8-71 7315-C S/2NE/4 21-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
488 WEST 23-3-93 7980-C NE/4NW/4 23-19S-9W 78.1250% 60.9375% 3.2500% 64.1875%
489 WEST 23-5-94 7424-C W/2NW/4 23-19S-9W 78.1250% 60.9375% 3.2500% 64.1875%
490 WEST 23-6-95 9016-C SE/4NW/4 NE/4SW/4 23-19S-9W 78.1250% 64.6484% 1.6250% 66.2734%
491 WEST 23-7-96 7627-C W/2NE/4 23-19S-9W 78.1250% 60.9375% 3.2500% 64.1875%
492 WEST 23-8-92 7708-C E/2NE/4 23-19S-9W 78.1250% 60.9375% 3.2500% 64.1875%
493 WEST 27-11-102 7981-C SE/4NW/4 NE/4SW/4 27-19S-9W 78.1250% 60.9375% 3.8125% 64.7500%
494 WEST 27-13-103 8091-C SW/4SW/4 27-19S-9W 78.1250% 60.9375% 3.2500% 64.1875%
495 WEST 27-14-104 8159-C SE/4SW/4 SW/4SE/4 27-19S-9W 78.1250% 60.9375% 3.2500% 64.1875%
496 WEST 27-1-59 6123-C NE/4NE/4 27-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
497 WEST 27-2-60 6124-C NW/4NE/4 27-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
498 WEST 27-2-97 7399-C N/2NE/4 27-19S-9W 78.1250% 60.9375% 3.2500% 64.1875%
499 WEST 27-4-62 7350-C N/2NW/4 27-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
500 WEST 27-4-98 8547-C N/2NW/4 27-19S-9W 78.1250% 60.9375% 3.2500% 64.1875%
501 WEST 27-5-65 8766-C SW/4NW/4 27-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
502 WEST 27-5-99 7963-C SW/4NW/4 NW/4SW/4 27-19S-9W 78.1250% 60.9375% 3.2500% 64.1875%
503 WEST 27-7-100 7400-C SW/4NE/4 NW/4SE/4 27-19S-9W 78.1250% 60.9375% 3.2500% 64.1875%
504 WEST 27-8-101 7473-C SE/4NE/4 NE/4SE/4 27-19S-9W 78.1250% 60.9375% 3.2500% 64.1875%
505 WEST 31-5-82 8303-C W/2NW/4 31-19S-8W 78.1250% 60.9375% 3.8125% 64.7500%
506 WEST 33-10-116 7983-C NE/4SW/4 NW/4SE/4 33-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
507 WEST 33-16-119 8150-C S/2SE/4 33-19S-9W 100.0000% 80.7500% 3.6250% 84.3750%
508 WEST 33-2-112 7982-C N/2NE/4 33-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
509 WEST 33-3-120 7984-C N/2NW/4 33-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
510 WEST 33-6-114 8160-C SE/4NW/4 SW/4NE/4 33-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
511 WEST 33-8-115 8161-C SE/4NE/4 NE/4SE/4 33-19S-9W 100.0000% 78.0000% 3.2500% 81.2500%
512 WEST 35-10-110 7628-C NE/4SW/4 NW/4SE/4 35-19S-9W 78.1250% 60.9375% 3.2500% 64.1875%
513 WEST 35-14-111 7523-C SE/4SW/4 SW/4SE/4 35-19S-9W 78.1250% 60.9375% 3.2500% 64.1875%
514 WEST 35-2-105 7401-C NE/4NW/4 NW/4NE/4 35-19S-9W 78.1250% 60.9375% 3.2500% 64.1875%
515 WEST 35-4-106 7499-C W/2NW/4 35-19S-9W 78.1250% 63.0859% 3.6250% 66.7109%
516 WEST 35-6-107 7402-C SE/4NW/4 SW/4NE/4 35-19S-9W 78.1250% 60.9375% 3.2500% 64.1875%
517 WEST 35-8-108 7425-C E/2NE/4 35-19S-9W 78.1250% 60.9375% 3.2500% 64.1875%
518 WEST 35-9-109 7403-C E/2SE/4 35-19S-9W 78.1250% 60.9375% 3.2500% 64.1875%
519 WEST 3-10-49 6226-C N/2SE/4 3-20S-9W 100.0000% 78.0000% 3.8125% 81.8125%
520 WEST 3-12-67 6294-C SW/4NW/4 NW/4SW/4 3-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
521 WEST 3-13-50 6691-C S/2SW/4 3-20S-9W 100.0000% 80.7500% 3.6250% 84.3750%
522 WEST 3-2-44 6237-C N/2NE/4 3-20S-9W 100.0000% 78.0000% 3.8125% 81.8125%
523 WEST 3-3-22 5744-C NE/4NW/4 3-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
524 WEST 3-4-45 6225-C NW/4NW/4 3-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
525 WEST 3-8-48 6295-C S/2NE/4 3-20S-9W 100.0000% 78.0000% 3.2500% 81.2500%
526 WEST 7-11-78 8300-C NE/4SW/4 NW/4SE/4 7-19S-8W 100.0000% 78.0000% 3.2500% 81.2500%
527 WEST 7-12-79 8257-C SW/4NW/4 NW/4SW/4 7-19S-8W 100.0000% 78.0000% 3.2500% 81.2500%
528 WEST 7-13-80 8258-C S/2SW/4 7-19S-8W 100.0000% 78.0000% 3.2500% 81.2500%
529 WEST 7-15-81 8259-C S/2SE/4 7-19S-8W 100.0000% 78.0000% 3.2500% 81.2500%
530 WEST 7-2-74 8573-C N/2NE/4 7-19S-8W 100.0000% 78.0000% 3.2500% 81.2500%
</TABLE>
<TABLE>
<CAPTION>
DOMINION RESOURCES THE THE
APO ROYALTY ROYALTY
COMPANY PAYOUT INTERESTS INTERESTS
NUM WELL NAME & # INTEREST DATE BPO APO
====================================================================
<S> <C> <C>
471 WEST 19-2-10 52.8125% 52.8125%
472 WEST 19-3-7 52.8125% 52.8125%
473 WEST 19-6-18 52.8125% 52.8125%
474 WEST 19-7-1 52.8125% 52.8125%
475 WEST 19-8-12 52.8125% 52.8125%
476 WEST 1-10-29 52.8125% 52.8125%
477 WEST 1-11-30 52.8125% 52.8125%
478 WEST 1-13-31 52.8125% 52.8125%
479 WEST 1-14-32 52.8125% 52.8125%
480 WEST 1-16-33 52.8125% 52.8125%
481 WEST 1-1-24 52.8125% 52.8125%
482 WEST 1-2-25 52.8125% 52.8125%
483 INTENTIONALLY OMITTED
484 WEST 1-6-39 52.8125% 52.8125%
485 WEST 1-8-27 52.8125% 52.8125%
486 WEST 1-9-28 52.8125% 52.8125%
487 WEST 21-8-71 52.8125% 52.8125%
488 WEST 23-3-93 41.7219% 41.7219%
489 WEST 23-5-94 41.7219% 41.7219%
490 WEST 23-6-95 43.0777% 43.0777%
491 WEST 23-7-96 41.7219% 41.7219%
492 WEST 23-8-92 41.7219% 41.7219%
493 WEST 27-11-102 42.0875% 42.0875%
494 WEST 27-13-103 41.7219% 41.7219%
495 WEST 27-14-104 41.7219% 41.7219%
496 WEST 27-1-59 52.8125% 52.8125%
497 WEST 27-2-60 52.8125% 52.8125%
498 WEST 27-2-97 41.7219% 41.7219%
499 WEST 27-4-62 52.8125% 52.8125%
500 WEST 27-4-98 41.7219% 41.7219%
501 WEST 27-5-65 52.8125% 52.8125%
502 WEST 27-5-99 41.7219% 41.7219%
503 WEST 27-7-100 41.7219% 41.7219%
504 WEST 27-8-101 41.7219% 41.7219%
505 WEST 31-5-82 42.0875% 42.0875%
506 WEST 33-10-116 52.8125% 52.8125%
507 WEST 33-16-119 54.8438% 54.8438%
508 WEST 33-2-112 52.8125% 52.8125%
509 WEST 33-3-120 52.8125% 52.8125%
510 WEST 33-6-114 52.8125% 52.8125%
511 WEST 33-8-115 52.8125% 52.8125%
512 WEST 35-10-110 41.7219% 41.7219%
513 WEST 35-14-111 41.7219% 41.7219%
514 WEST 35-2-105 41.7219% 41.7219%
515 WEST 35-4-106 43.3621% 43.3621%
516 WEST 35-6-107 41.7219% 41.7219%
517 WEST 35-8-108 41.7219% 41.7219%
518 WEST 35-9-109 41.7219% 41.7219%
519 WEST 3-10-49 53.1781% 53.1781%
520 WEST 3-12-67 52.8125% 52.8125%
521 WEST 3-13-50 54.8438% 54.8438%
522 WEST 3-2-44 53.1781% 53.1781%
523 WEST 3-3-22 52.8125% 52.8125%
524 WEST 3-4-45 52.8125% 52.8125%
525 WEST 3-8-48 52.8125% 52.8125%
526 WEST 7-11-78 52.8125% 52.8125%
527 WEST 7-12-79 52.8125% 52.8125%
528 WEST 7-13-80 52.8125% 52.8125%
529 WEST 7-15-81 52.8125% 52.8125%
530 WEST 7-2-74 52.8125% 52.8125%
</TABLE>
A
PART I
9
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE A
Part I
DOMINION RESOURCES THE UNDERLYING PROPERTIES
TOTAL TOTAL TOTAL TOTAL
PERMIT PRORATION WI NRI ORRI RI
NUM WELL NAME & # NUMBER UNIT DESCRIPTION SEC-TWN-RN % % % %
==========================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
531 WEST 7-3-75 8297-C N/2NW/4 7-19S-8W 100.0000% 78.0000% 3.2500% 81.2500%
532 WEST 7-6-76 8298-C SE/4NW/4 SW/4NE/4 7-19S-8W 100.0000% 78.0000% 3.2500% 81.2500%
533 WEST 7-8-77 8299-C SE/4NE/4 NE/4SE/4 7-19S-8W 100.0000% 78.0000% 3.2500% 81.2500%
534 WEYERHAEUSER 5-15-2 9743-C SW/4SE/4 5-18S-8W 100.0000% 85.0000% 0.0000% 85.0000%
535 WEYERHAEUSER 5-16-1 9742-C E/2SE/4 5-18S-8W 100.0000% 85.0000% 0.0000% 85.0000%
</TABLE>
<TABLE>
<CAPTION>
DOMINION RESOURCES THE THE
APO ROYALTY ROYALTY
COMPANY PAYOUT INTERESTS INTERESTS
NUM WELL NAME & # INTEREST DATE BPO APO
====================================================================
<S> <C> <C>
531 WEST 7-3-75 52.8125% 52.8125%
532 WEST 7-6-76 52.8125% 52.8125%
533 WEST 7-8-77 52.8125% 52.8125%
534 WEYERHAEUSER 5-15-2 55.2500% 55.2500%
535 WEYERHAEUSER 5-16-1 55.2500% 55.2500%
</TABLE>
A
PART I
10
<PAGE>
<TABLE>
<CAPTION>
DOMINION BLACK WARRIOR BASIN, INC. - ACTIVE LEASES AS OF 5/1/94 SCHEDULE A
RGC PROSPECT, TUSCALOOSA COUNTY, AL Part II
- - -----------------------------------------------------------------------------------------------------
LEASE LESSOR LESSEE RECORDING NET # LEASE
NUMBER BOOK/PAGE ACRES DATE
- - -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 FNB - Tuskaloosa River Gas Co. 960/240 160.00 9/2/87
2-A Frank M. Moody River Gas Co. 960/243 40.00 9/2/87
2-B Farley M. Galbraith River Gas Co. 960/246 40.00 9/2/87
2-C Charlotte B. Marshall River Gas Co. 960/249 20.00 9/2/87
2-D Frederick M. Blackmon River Gas Co. 960/252 20.00 9/2/87
3 Carrie Cunningham, et al River Gas Co. 960/255 160.00 9/18/87
4 Raiford E. Cunningham River Gas Co. 960/258 160.00 9/18/87
5-A* Jack H. McGuire, et ux River Gas Co. 960/264 170.00 9/24/87
5-B* William B. McGuire, et ux River Gas Co. 960/261 170.00 9/24/87
6 Nannie Turner River Gas Corp. 960/318 80.00 10/20/87
7-A* First Al. Bank-Alston Est. River Gas Corp. 960/321 650.00 10/20/87
7-B Woodrow Hobson, et ux River Gas Corp. 960/325 70.00 10/23/87
8-A Walter Lee Howell River Gas Co. 960/294 17.78 10/12/87
8-B Billy Jack Howell River Gas Co. 960/297 17.78 10/12/87
8-C James Donald Howell River Gas Co. 960/300 17.78 10/12/87
8-D Lois Howell Galloway River Gas Co. 960/303 17.78 10/12/87
8-E Cyrus Patton Howell River Gas Co. 960/306 17.78 10/12/87
8-F Aubery O. Howell River Gas Co. 960/309 17.78 10/12/87
8-G Maudeen Howell Palmer River Gas Co. 960/312 17.78 10/12/87
8-H Rodney Rozelle Howell River Gas Co. 960/315 17.78 10/12/87
8-I Cynthia Howell Holmes River Gas Co. 960/394 17.78 10/12/87
8-J Dellavinia S. H. Brasher River Gas Corp. 1011/492 17.78 5/25/89
9-A Jessie Ola Sessions River Gas Co. 960/267 40.00 10/9/87
9-B Lela B. Clements River Gas Co. 960/270 40.00 10/8/87
9-C Susie L. Bolton River Gas Co. 960/273 40.00 10/8/87
9-D Walter R. Watson River Gas Co. 960/276 20.00 10/8/87
9-E Naomi Ruth Marcum River Gas Co. 960/279 20.00 10/8/87
10 Mildred L. Davis, et vir River Gas Co. 960/282 160.00 9/24/87
11 Buster Hallman, et ux River Gas Co. 960/285 40.00 10/2/87
12 Ella R. Davis River Gas Co. 960/288 80.00 10/3/87
13 Frank Maxwell Jr., et ux River Gas Co. 960/291 60.00 10/8/87
16 First Rep. Bank of River Gas Corp. 968/040 840.00 2/5/88
Corsicana (Davant)
17 George Christian, et al River Gas Co. Inc. 968/026 120.00 1/15/88
18 George S. Wright, et al River Gas Co. Inc. 968/032 160.00 1/18/88
19 Alice D. Reynolds, et al (Searcy- River Gas Corp. 969/295 837.64 12/23/87
Christian-Mayfield)
20-A George B. Rayburn, et al (Sam River Gas Corp. 972/278 64.00 4/15/88
Friedman Estate)
20-B Helen F. Blackshear, et al (Annie L. River Gas Corp. 972/282 16.00 4/15/88
F. Estate)
22 Chevron U.S.A. Inc. River Gas Corp. 971/437 480.00 3/24/88
23-A J.J. Mayfield River Gas Corp. 975/415 40.00 5/19/88
</TABLE>
A
PART II
-1-
<PAGE>
<TABLE>
<CAPTION>
DOMINION BLACK WARRIOR BASIN, INC. - ACTIVE LEASES AS OF 5/1/94 SCHEDULE A
RGC PROSPECT, TUSCALOOSA COUNTY, AL Part II
- - -----------------------------------------------------------------------------------------------------
LEASE LESSOR LESSEE RECORDING NET # LEASE
NUMBER BOOK/PAGE ACRES DATE
- - -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
23-B* Richard P. Holman, et al River Gas Co., Inc. 974/294 500.00 1/14/88
25 Lily S. Thornhill, et al River Gas Corp. 974/247 120.00 4/1/88
26 George Hinton Holman River Gas Corp. 977/110 80.00 5/12/88
33-A Francis C. Glisson River Gas Corp. 991/199 40.00 8/15/88
33-B Robert P. Colburn River Gas Corp. 991/202 40.00 8/15/88
34-A Margie Hayes, et vir River Gas Corp. 991/193 160.00 8/12/88
34-B Ervin Z. Foley River Gas Corp. 991/196 160.00 8/12/88
35 Wood Roe Earnest, et ux River Gas Corp. 990/585 45.00 8/18/88
40-A Woodrow Hobson, Jr., et ux River Gas Corp. 991/069 17.78 9/24/88
40-B Lena Hobson, et al River Gas Corp. 991/114 8.89 8/31/88
40-C Marie Lawler, et vir River Gas Corp. 991/118 35.56 8/19/88
40-D George Zik, et ux River Gas Corp. 991/121 8.89 8/22/88
40-E Charlotte McEachin River Gas Corp. 991/124 8.89 8/23/88
42-A Charles C. Earnest, et vir River Gas Corp. 991/127 186.06 8/5/88
42-B Annie M. Earnest River Gas Corp. 991/136 10.53 8/29/88
42-C Helen A. Randolph River Gas Corp. 991/130 21.06 8/29/88
42-D Jean A. Bryant River Gas Corp. 991/133 21.06 8/29/88
42-E Margaret E. Toxey River Gas Corp. 991/142 16.85 8/29/88
42-F Herman B. Earnest, et ux River Gas Corp. 991/163 2.63 8/30/88
42-G Melba Earnest River Gas Corp. 991/139 4.21 8/29/88
42-H Eunice Earnest Crump River Gas Corp. 991/151 6.15 8/30/88
42-I Lera Earnest Brazier River Gas Corp. 991/160 6.15 8/30/88
42-J Henry F. Earnest River Gas Corp. 991/148 6.15 8/30/88
42-K Vera Earnest Reed River Gas Corp. 991/145 6.15 8/30/88
42-L William R. Goodman River Gas Corp. 991/166 6.15 9/12/88
42-M James A. Earnest River Gas Corp. 991/154 6.15 8/30/88
42-N Inez Earnest, et al River Gas Corp. 991/157 6.15 8/30/88
43-A Lester Pettus River Gas Corp. 991/218 40.00 8/31/88
43-B Katherine C. Grantham River Gas Corp. 991/221 40.00 9/28/88
50 Chevron USA, Inc.(P) River Gas Corp. 991/564 80.00 8/31/88
51 Chevron USA, Inc. River Gas Corp. 991/559 160.00 8/31/88
54-A W. Bruce Baughman River Gas Corp. 991/227 82.07 9/7/88
54-B Nell S. Pearson, et al River Gas Corp. 991/224 82.07 9/7/88
57 Melvin Pearson River Gas Corp. 991/209 80.00 8/18/88
58 Richard P. Holman, et al River Gas Corp. 990/607 440.00 9/16/88
59 Mary Earnest River Gas Corp. 990/588 20.00 9/22/88
64-A Susan Herz and Robert Herz River Gas Corp. 992/523 26.67 9/29/88
64-B Morris Victor Friedman & Emily Ann River Gas Corp. 1044/107 80.00 2/27/90
Friedman Bliss
64-C Martha Fehskens River Gas Corp. 1051/315 13.34 3/6/90
64-D Lois Hilgeman River Gas Corp. 1051/318 13.34 4/6/90
64-E Anne L. Zimmerman River Gas Corp. 1054/462 20.00 6/4/90
64-F Arthur L. Stern, III et al, Trustee River Gas Corp. 1064/252 13.34 8/24/90
Molly S. Stern, Estate
64-G Louise S. Louis River Gas Corp. 1064/255 13.34 9/11/90
66-A Bessie L. Poole River Gas Corp. 990/594 15.00 10/3/88
66-B Annie Myrtle Livingston River Gas Corp. 990/597 15.00 10/3/88
66-C Leslie L. Rhodes River Gas Corp. 990/600 15.00 10/3/88
66-D Dorothy P. Lucas River Gas Corp. 990/604 7.50 10/4/88
68-A James L. Stothart, AIF for Alice River Gas Corp. 991/072 8.18 10/6/88
</TABLE>
A
PART II
-2-
<PAGE>
<TABLE>
<CAPTION>
DOMINION BLACK WARRIOR BASIN, INC. - ACTIVE LEASES AS OF 5/1/94 SCHEDULE A
RGC PROSPECT, TUSCALOOSA COUNTY, AL Part II
- - -----------------------------------------------------------------------------------------------------
LEASE LESSOR LESSEE RECORDING NET # LEASE
NUMBER BOOK/PAGE ACRES DATE
- - -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
S. Stothart
68-B Kathryn D. Glover River Gas Corp. 991/110 5.45 10/10/88
68-C Sally Bland Glover, AIF for River Gas Corp. 991/076 5.45 10/11/88
Williamson Allyn Glover
68-D Katherine James Miller River Gas Corp. 991/234 1.09 10/12/88
68-E Robison Brown James River Gas Corp. 991/230 1.53 10/12/88
68-F Marion James Bryan River Gas Corp. 991/085 1.75 10/12/88
68-G Elizabeth James Moffitt River Gas Corp. 992/529 1.09 10/12/88
68-H Nicholas H. Brown River Gas Corp. 1048/085 2.73 3/22/90
68-I Albert Pinson Carpenter, Jr. River Gas Corp. 1051/285 0.61 4/04/90
68-J Cato Douglas Glover Carpenter River Gas Corp. 1048/089 0.61 4/04/90
68-K Sally Bland Glover Johnson River Gas Corp. 1048/093 1.82 4/04/90
68-L Katherine Williams C. Patterson River Gas Corp. 1051/289 0.61 4/04/90
68-M Ercle Frederick Herbert, III River Gas Corp. 1055/503 0.91 4/04/90
68-N Albert Pinson Carpenter, Sr. River Gas Corp. 1052/298 3.15 4/24/90
68-O Marcia Newsom River Gas Corp. 1051/293 1.36 5/01/90
68-P Harris Waller Seed, Jr. River Gas Corp. 1058/067 2.73 3/23/90
68-Q John Laurence Manning Herbert River Gas Corp. 1059/114 0.91 4/04/90
68-R Aaron McCracken River Gas Corp. 1057/225 2.73 5/01/90
68-S Campbell Dirck Keyser River Gas Corp. 1059/703 5.45 5/16/90
68-T Cordette McCracken Grimsey River Gas Corp. 1063/432 2.73 3/20/90
68-U Randall Brown River Gas Corp. 1067/157 2.73 3/22/90
71-A Edward D. Turner, et ux River Gas Corp. 991/242 16.00 10/12/88
71-B Evelyn Bagwell, et vir River Gas Corp. 991/248 16.00 10/14/88
71-C Estelle T. Boyd, et vir River Gas Corp. 991/260 16.00 10/15/88
71-D Christine T. Colburn, et vir River Gas Corp. 991/245 16.00 10/15/88
71-E Birtie Foley, et vir River Gas Corp. 991/257 16.00 10/15/88
71-F Elsie Payne River Gas Corp. 991/251 16.00 10/15/88
71-G William V. Turner, et ux River Gas Corp. 991/263 16.00 10/15/88
71-H James U. Doss, et ux River Gas Corp. 991/266 16.00 10/21/88
71-I Joe D. Turner, et ux River Gas Corp. 991/269 16.00 10/18/88
71-J Berniece Lewis River Gas Corp. 991/254 16.00 10/20/88
72 James W. Price, et ux River Gas Corp. 990/591 15.00 10/14/88
74-A Evelyn T. Hinds River Gas Corp. 992/533 17.78 11/01/88
74-B Roy D. Grammer River Gas Corp. 992/542 17.78 11/14/88
74-C Vader Venable River Gas Corp. 992/545 17.78 11/14/88
74-D Jewel Jones River Gas Corp. 992/536 17.78 11/14/88
74-E Viola Dickey River Gas Corp. 992/539 17.78 11/14/88
74-F Edelean Pennell River Gas Corp. 992/548 17.78 11/15/88
74-G Lorene Grammer River Gas Corp. 997/127 17.78 11/15/88
74-H Patsy Carnaghi River Gas Corp. 1004/727 1.37 01/24/89
74-I Charles Grammer River Gas Corp. 1004/721 1.37 01/24/89
74-J Fred Grammer River Gas Corp. 1004/715 1.37 01/24/89
74-K J.R. Grammer River Gas Corp. 1004/718 1.37 01/24/89
74-L Eddie Grammer River Gas Corp. 1004/733 1.37 01/24/89
74-M Jerry Grammer River Gas Corp. 1004/736 1.37 01/24/89
74-N Jimmy Grammer River Gas Corp. 1004/742 1.37 01/24/89
74-O Phillip Grammer River Gas Corp. 1004/730 1.37 01/24/89
74-P Evis Gray River Gas Corp. 1004/751 1.37 01/24/89
74-Q Pauline Layne River Gas Corp. 1004/748 1.37 01/24/89
</TABLE>
A
PART II
-3-
<PAGE>
<TABLE>
<CAPTION>
DOMINION BLACK WARRIOR BASIN, INC. - ACTIVE LEASES AS OF 5/1/94 SCHEDULE A
RGC PROSPECT, TUSCALOOSA COUNTY, AL Part II
- - -----------------------------------------------------------------------------------------------------
LEASE LESSOR LESSEE RECORDING NET # LEASE
NUMBER BOOK/PAGE ACRES DATE
- - -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
74-R Carolyn Lewis River Gas Corp. 1004/724 1.37 01/24/89
74-S Dorothy Piety River Gas Corp. 1004/745 1.37 01/24/89
74-T Shirley Wortman River Gas Corp. 1004/739 1.37 01/24/89
74-U May Belle Grammer River Gas Corp. 1004/754 1.37 02/10/89
74-V Margaret A.S. Capps River Gas Corp. 1004/781 1.48 03/15/89
74-W Glenda S.S. Headley River Gas Corp. 1004/787 1.48 03/15/89
74-X Norma Lou Hope River Gas Corp. 1004/775 1.48 03/15/89
74-Y Levon S. Seale River Gas Corp. 1004/772 1.48 03/15/89
74-Z Carl N. Smith River Gas Corp. 1004/763 1.48 03/15/89
74-AA James E. Smith River Gas Corp. 1004/757 1.48 03/15/89
74-BB Leonard R. Smith River Gas Corp. 1004/760 1.48 03/15/89
74-CC Ruby Alma Smith River Gas Corp. 1004/778 1.48 03/15/89
74-DD Will Larry Smith River Gas Corp. 1004/766 1.48 03/15/89
74-EE Dorothy R.S. Snow River Gas Corp. 1004/784 1.48 03/15/89
74-FF Emma J.S. Staggs River Gas Corp. 1004/769 1.48 03/15/89
74-GG Jo Ann Smith River Gas Corp. 1011/480 0.37 05/10/89
74-HH Steven Wayne Smith River Gas Corp. 1011/483 0.37 05/10/89
74-II Troy David Smith River Gas Corp. 1012/712 0.37 05/10/89
74-JJ Ronald Dean Smith River Gas Corp. 1017/075 0.37 07/6/89
74-KK Gary Grammer River Gas Corp. 1022/066 0.32 08/8/89
74-LL Denice Grammer Cruz River Gas Corp. 1022/069 0.32 08/8/89
74-MM James Grammer River Gas Corp. 1022/072 0.32 08/16/89
74-NN Debra Ann Engebretsen River Gas Corp. 1024/003 0.32 08/8/89
74-OO Nancy McCaffrey River Gas Corp. 1028/440 0.32 08/16/89
74-PP Gertrude Turner Barnett Hallman, AIF River Gas Corp. 1044/094 0.36 01/8/90
Roy E. Turner
75 Alabama Power Co. River Gas Corp. 1008/632 1.50 01/1/89
76 USX Corporation River Gas Corp. 1005/235 2724.38 02/4/89
77 Ludie Mae Price River Gas Corp. 1001/350 80.00 02/7/89
78 James J. Mayfield IV River Gas Corp. 1004/711 160.00 02/7/89
79-A Athial M. Gilbert River Gas Corp. 1004/796 13.33 03/16/89
79-B Elgin W. Gilbert River Gas Corp. 1004/790 13.33 03/16/89
79-C Clayton B. Gilbert River Gas Corp. 1004/793 13.33 03/16/89
79-D Clara E. Stanley River Gas Corp. 1004/799 13.33 03/16/89
79-E Mary Alice Burton River Gas Corp. 1006/596 13.33 03/16/89
79-F Betty Sue Howton River Gas Corp. 1006/599 13.33 03/16/89
79-G Ronald Gilbert River Gas Corp. 1006/603 13.33 03/20/89
79-H Gary D. Gilbert, et al Trustees River Gas Corp. 1006/606 13.33 03/30/89
79-I Nason Gilbert River Gas Corp. 1008/640 13.33 05/10/89
80 Maezell C. Hallman River Gas Corp. 1004/807 64.00 03/20/89
81 Paul C. Naugher, et ux River Gas Corp. 1004/802 52.00 03/20/89
82 Clayton H. Clements River Gas Corp. 1004/810 8.00 03/23/89
83 Valeria C. Hallman River Gas Corp. 1004/813 8.00 03/23/89
85 Kedric Courington, et ux River Gas Corp. 1006/612 8.00 04/7/89
86-A Buster N. Hallman River Gas Corp. 1008/637 20.00 04/27/89
86-B Myrtle Sellers Falkner River Gas Corp. 1028/359 20.00 10/18/89
86-C Mary Bevan River Gas Corp. 1028/362 0.57 10/20/89
86-D Wilton L. Christian, et ux River Gas Corp. 1028/374 1.66 10/20/89
86-E Myrtle A. Colburn, et al River Gas Corp. 1028/377 3.32 10/20/89
86-F Jewell Griffin River Gas Corp. 1028/383 0.57 10/20/89
</TABLE>
A
PART II
-4-
<PAGE>
<TABLE>
<CAPTION>
DOMINION BLACK WARRIOR BASIN, INC. - ACTIVE LEASES AS OF 5/1/94 SCHEDULE A
RGC PROSPECT, TUSCALOOSA COUNTY, AL Part II
- - -----------------------------------------------------------------------------------------------------
LEASE LESSOR LESSEE RECORDING NET # LEASE
NUMBER BOOK/PAGE ACRES DATE
- - -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
86-G Ana A. Hallman River Gas Corp. 1028/371 4.00 10/20/89
86-H Lottie Powell River Gas Corp. 1028/380 2.85 10/20/89
86-I Larry Sullivan River Gas Corp. 1028/386 0.57 10/20/89
86-J Nelda Faye Wells River Gas Corp. 1028/365 0.57 10/20/89
86-K Dannie H. Yarbrough, et vir River Gas Corp. 1028/368 4.00 10/20/89
86-L Billy Ray Dunn, et ux River Gas Corp. 1028/395 0.95 10/23/89
86-M Junior Edley Dunn River Gas Corp. 1028/404 0.95 10/23/89
86-N Preston Hallman, et ux River Gas Corp. 1028/389 3.33 10/23/89
86-O Fannie B. Mitchell, et vir River Gas Corp. 1028/392 0.95 10/23/89
86-P Brady Simpson, et ux River Gas Corp. 1028/398 2.85 10/23/89
86-Q Clora Moore, et vir River Gas Corp. 1028/401 3.33 10/24/89
86-R Lona Morgan, et vir River Gas Corp. 1028/407 3.33 10/24/89
86-S Beverly B. Bergen River Gas Corp. 1028/425 1.33 10/25/89
86-T Mildred Buchanan, et vir River Gas Corp. 1028/413 5.00 10/25/89
86-U Ann B. Creel, et vir River Gas Corp. 1028/422 1.33 10/25/89
86-V Ola Frost, et vir River Gas Corp. 1028/416 5.00 10/25/89
86-W Eldridge Jackson, et ux River Gas Corp. 1028/419 5.00 10/25/89
86-X Mary Ruth Simpson River Gas Corp. 1028/410 0.71 10/25/89
86-Y Elmer H. Abston, et ux River Gas Corp. 1028/434 0.57 10/31/89
86-Z John Abston by AIF Marlene River Gas Corp. 1028/428 0.57 10/31/89
Abston Simmons River Gas Corp.
86-AA Marlene A. Simmons River Gas Corp. 1028/431 0.57 10/31/89
86-BB Rosalind G. Henderson, et vir River Gas Corp. 1032/574 1.66 10/20/89
86-CC Louise Jones River Gas Corp. 1031/379 0.57 10/20/89
86-DD Jean Hudson, et vir River Gas Corp. 1031/382 3.33 10/24/89
86-EE Leon Hallman, et ux River Gas Corp. 1031/385 3.33 10/24/89
86-FF Allen Boling River Gas Corp. 1031/388 1.33 10/25/89
86-GG Wilma Lee Booth, et vir River Gas Corp. 1031/394 0.47 10/27/89
86-HH Bertha Lee Dunn River Gas Corp. 1031/397 0.47 10/27/89
86-II Mellwynn Morrow Price River Gas Corp. 1031/400 0.47 10/27/89
86-JJ James W. Price, et ux River Gas Corp. 1031/403 0.47 10/27/89
86-KK Barbara E. Price Lunceford, et vir River Gas Corp. 1031/391 0.47 10/27/89
86-LL Claudean Davis, et vir River Gas Corp. 1031/406 0.57 10/31/89
86-MM Howell G. Abston River Gas Corp. 1031/409 0.57 10/31/89
86-NN William A. Bittner, Jr. et al River Gas Corp. 1031/412 4.00 11/1/89
86-OO Wilburn Sullivan River Gas Corp. 1028/437 0.57 11/2/89
86-PP Amanda Gail Burroughs, et vir River Gas Corp. 1031/415 0.24 11/6/89
86-QQ Tony Dennis Rogers River Gas Corp. 1031/421 0.35 11/6/89
86-RR Harvey David Simpson, et ux River Gas Corp. 1031/418 0.71 11/6/89
86-SS Cecil L. Simpson, Jr. River Gas Corp. 1031/427 0.24 11/6/89
86-TT Darlene Latham, et vir River Gas Corp. 1031/424 0.35 11/6/89
86-UU Shaun Cassidy by AIF Bertha Lee River Gas Corp. 1031/430 0.47 11/8/89
Price Dunn
86-VV Dale Hallman Carter, et ux River Gas Corp. 1032/577 3.33 11/13/89
86-WW Cheryl Ann Singley River Gas Corp. 1032/580 0.24 12/4/89
86-XX Ruth Hallman McCrary River Gas Corp. 1034/539 4.00 12/6/89
87 Jerry F. Colwell River Gas Corp. 1011/486 600.00 05/15/89
88 Margaret Rice Deal, et vir River Gas Corp. 1011/489 67.60 05/16/89
89 Una M. Clements, et al River Gas Corp. 1011/660 80.00 04/1/89
90 Leah F. O'Hara River Gas Corp. 1014/660 80.00 08/9/89
</TABLE>
A
PART II
-5-
<PAGE>
<TABLE>
<CAPTION>
DOMINION BLACK WARRIOR BASIN, INC. - ACTIVE LEASES AS OF 5/1/94 SCHEDULE A
RGC PROSPECT, TUSCALOOSA COUNTY, AL Part II
- - -----------------------------------------------------------------------------------------------------
LEASE LESSOR LESSEE RECORDING NET # LEASE
NUMBER BOOK/PAGE ACRES DATE
- - -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
91 Gulna Louise Crunk River Gas Corp. 1022/075 3.50 08/28/89
92 Lafayette Ruffin, et ux River Gas Corp. 1022/080 0.13 08/28/89
93 Richard P. Holman, et al Amoco Production 991/339(A) 100.00 08/26/88(H)
94 Alfa Life Insurance Co. River Gas Corp. 1025/348 161.35 09/01/89
96-A Ollie J. Moore River Gas Corp. 1032/583 10.00 11/14/89
96-B Rita Mae Moore Welch River Gas Corp. 1032/586 2.00 11/14/89
96-C Clara Moore River Gas Corp. 1032/589 1.67 11/15/89
96-D Ollie Moore Graves Kyzer River Gas Corp. 1032/592 20.00 11/15/89
96-E Louise Theresa Moore Harkey River Gas Corp. 1032/598 2.00 11/15/89
96-F Mary Ellen Moore Smith River Gas Corp. 1032/601 2.00 11/15/89
96-G Irma Mary Moore Langford Bushelon River Gas Corp. 1032/595 2.00 11/15/89
96-H Lou Alma Breland Bamburg River Gas Corp. 1032/607 5.00 11/16/89
96-I Irene Glass River Gas Corp. 1032/604 1.67 11/16/89
96-J Geraldine Moore River Gas Corp. 1032/610 1.67 11/16/89
96-K Inex Breland Jones River Gas Corp. 1032/613 0.45 11/20/89
96-L Pauline Breland Crawford River Gas Corp. 1032/616 0.45 11/20/89
96-M Betty Margaret Breland Epps River Gas Corp. 1032/622 0.45 11/20/89
96-N Lois Breland Nichols River Gas Corp. 1032/619 0.45 11/20/89
96-O John Milton Breland River Gas Corp. 1032/625 0.45 11/20/89
96-P Elizabeth Breland Martin River Gas Corp. 1032/628 0.45 11/20/89
96-Q Jean Breland Josey River Gas Corp. 1032/631 0.45 11/20/89
96-R Evelyn Breland Hughey River Gas Corp. 1032/634 0.45 11/20/89
96-S Faye Breland Colburn River Gas Corp. 1032/637 0.45 11/20/89
96-T William Franklin Breland River Gas Corp. 1032/640 0.71 11/22/89
96-U Betty Breland Lovelady River Gas Corp. 1032/643 0.71 11/22/89
96-V Lucille Breland River Gas Corp. 1032/646 0.71 11/22/89
96-W Phyllis Breland Green River Gas Corp. 1032/649 0.71 11/22/89
96-X Wallace Harold Breland River Gas Corp. 1032/664 0.71 11/22/89
96-Y Peggy Breland Crews River Gas Corp. 1032/661 0.71 11/22/89
96-Z Fannie Breland Riley River Gas Corp. 1032/658 1.00 11/22/89
96-AA Otis Wayne Breland River Gas Corp. 1032/655 1.00 11/22/89
96-BB Gary Breland River Gas Corp. 1032/652 0.71 11/22/89
96-CC C.L. Moore River Gas Corp. 1032/667 5.00 11/28/89
96-DD DeLois H. Moore River Gas Corp. 1032/670 2.00 11/28/89
96-EE Ludie C. Hill River Gas Corp. 1032/673 1.25 11/28/89
96-FF Billy Moore River Gas Corp. 1032/679 2.50 11/30/89
96-GG Wayne Moore River Gas Corp. 1032/676 2.50 11/30/89
96-HH Manley David Breland River Gas Corp. 1036/342 0.45 11/20/89
96-II Alvin C. Breland River Gas Corp. 1036/345 1.00 11/20/89
96-JJ Claude Spencer Breland River Gas Corp. 1036/348 1.00 11/22/89
96-KK James Shirley Breland River Gas Corp. 1034/545 1.00 11/22/89
96-LL William Frank Breland River Gas Corp. 1034/548 0.11 11/28/89
96-MM Louise Moore Barnes River Gas Corp. 1036/368 2.50 11/30/89
96-NN Virginia Moore Lawson River Gas Corp. 1034/551 2.50 11/30/89
96-OO Charles E. Moore River Gas Corp. 1036/365 2.50 11/30/89
96-PP Ludie C. Moore River Gas Corp. 1034/554 2.50 11/30/89
96-QQ Troy E. Moore River Gas Corp. 1034/557 2.50 11/30/89
96-RR Perlie Moore Graham River Gas Corp. 1034/560 2.00 12/04/89
96-SS Verlie Moore Winstead River Gas Corp. 1036/371 2.00 12/04/89
96-TT Buena Moore Gray River Gas Corp. 1034/563 2.00 12/05/89
</TABLE>
A
PART II
-6-
<PAGE>
<TABLE>
<CAPTION>
DOMINION BLACK WARRIOR BASIN, INC. - ACTIVE LEASES AS OF 5/1/94 SCHEDULE A
RGC PROSPECT, TUSCALOOSA COUNTY, AL Part II
- - -----------------------------------------------------------------------------------------------------
LEASE LESSOR LESSEE RECORDING NET # LEASE
NUMBER BOOK/PAGE ACRES DATE
- - -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
96-UU Betty Ann Moore River Gas Corp. 1034/566 2.00 12/05/89
96-VV Dorothy J. Moore River Gas Corp. 1036/374 2.00 12/05/89
96-WW Jack Moore River Gas Corp. 1036/354 0.50 12/05/89
96-XX James D. Moore River Gas Corp. 1032/682 2.00 12/05/89
96-YY Kate Moore River Gas Corp. 1034/569 0.50 12/05/89
96-ZZ Rayburn L. Moore River Gas Corp. 1034/572 0.50 12/05/89
96-AAA Pat Moore Powell River Gas Corp. 1036/351 0.50 12/05/89
96-BBB Mozelle Moore Marchant River Gas Corp. 1034/575 2.00 12/06/89
96-CCC Burlia Moore Coleman River Gas Corp. 1034/581 3.33 12/07/89
96-DDD Anne W. Moore River Gas Corp. 1034/584 3.33 12/07/89
96-EEE Waymon Gerald Moore River Gas Corp. 1034/587 3.33 12/07/89
96-FFF Eloise Moore Phelps River Gas Corp. 1034/578 3.33 12/07/89
96-GGG Dorothy Jean Moore Smith River Gas Corp. 1034/590 3.33 12/07/89
96-HHH Adrain Leon Hartley River Gas Corp. 1034/593 4.00 12/11/89
96-III Jesse Gordon Hartley River Gas Corp. 1034/596 4.00 12/11/89
96-JJJ Lonnie Oneal Hartley River Gas Corp. 1034/599 4.00 12/11/89
96-KKK Van Harltey Shigley River Gas Corp. 1036/357 4.00 12/11/89
96-LLL Gerald B. Hill River Gas Corp. 1036/360 1.25 12/12/89
96-MMM Ina Ruth S. Murchison River Gas Corp. 1034/602 0.11 12/12/89
96-NNN James Ludie Moore River Gas Corp. 1034/605 1.66 12/13/89
96-OOO Jimmy Nell Hartley, individually River Gas Corp. 1034/608 4.00 12/18/89
and as Trustee
96-PPP Kenneth Earl Breland River Gas Corp. 1040/087 0.11 11/28/89
96-QQQ Waverly W. Moore River Gas Corp. 1040/013 2.00 12/05/89
96-RRR Charles W. Moore River Gas Corp. 1040/016 2.00 12/05/89
96-SSS Linda Moore Livingston River Gas Corp. 1040/091 1.66 12/13/89
96-TTT Jane Perkins Nichols River Gas Corp. 1040/019 1.66 01/18/90
96-UUU Willie Francies Hill River Gas Corp. 1044/023 1.25 11/28/89
96-VVV Sue Hill Purkey River Gas Corp. 1044/026 1.25 11/28/89
96-WWW Robert L. Moore River Gas Corp. 1044/029 2.50 11/30/89
96-XXX Judi Moore Perkins Williams River Gas Corp. 1044/032 1.66 12/07/89
96-YYY Connie Moore Long River Gas Corp. 1044/035 1.66 12/13/89
101-A Louise McGuire Lamont River Gas Corp. 1040/081 20.00 01/19/90
101-B Josephine McGuire Swanson River Gas Corp. 1040/084 20.00 01/19/90
101-C Woodrow Hobson, Jr. River Gas Corp. 1048/214 20.00 05/01/90
104-A Howell Hubbard River Gas Corp. 1041/094 40.00 02/05/90
104-B Jessie Hubbard Green River Gas Corp. 1041/097 40.00 02/05/90
104-C Hazel Hubbard Dickey River Gas Corp. 1041/100 40.00 02/05/90
104-D Sue Hubbard Williams River Gas Corp. 1041/103 10.00 02/05/90
104-E Margaret Hubbard Xanders River Gas Corp. 1041/106 10.00 02/05/90
104-F Alma Hubbard River Gas Corp. 1041/109 10.00 02/05/90
104-G Betty Hubbard Bryant River Gas Corp. 1041/112 10.00 02/05/90
106-A Morris Victor Friedman & Emily Ann River Gas Corp. 1044/101 6.58 02/27/90
Friedman Bliss
106-B Adele Mills Schweid River Gas Corp. 1046/348 10.00 02/28/90
106-C Rose Mills Freedman River Gas Corp. 1046/345 10.00 02/28/90
106-D Irene Fox Conn River Gas Corp. 1044/104 2.28 03/08/90
106-E Henry Mills Winston River Gas Corp. 1051/282 3.29 03/07/90
106-F Harry F. Conn River Gas Corp. 1052/295 2.28 03/08/90
106-G Richard L. Conn River Gas Corp. 1052/292 2.28 03/08/90
</TABLE>
A
PART II
-7-
<PAGE>
<TABLE>
<CAPTION>
DOMINION BLACK WARRIOR BASIN, INC. - ACTIVE LEASES AS OF 5/1/94 SCHEDULE A
RGC PROSPECT, TUSCALOOSA COUNTY, AL Part II
- - -----------------------------------------------------------------------------------------------------
LEASE LESSOR LESSEE RECORDING NET # LEASE
NUMBER BOOK/PAGE ACRES DATE
- - -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
106-H Victor Winston River Gas Corp. 1052/289 3.29 03/08/90
109-A Bernice Edgar Sullivan River Gas Corp. 1044/047 11.43 02/07/90
109-B Wilburn Sullivan River Gas Corp. 1044/044 11.43 02/07/90
109-C Doris Sullivan Howton River Gas Corp. 1044/050 1.27 02/09/90
109-D Scotty Sullivan River Gas Corp. 1044/053 1.27 02/09/90
109-E John L. Sullivan River Gas Corp. 1046/336 1.27 02/13/90
109-F Patsy Jean L. Sullivan River Gas Corp. 1044/056 0.32 02/13/90
109-G Roland Sullivan River Gas Corp. 1046/333 1.27 02/13/90
109-H Roxie Sullivan Turner River Gas Corp. 1044/059 1.27 02/13/90
109-I Clara Mae Sullivan St. Clair River Gas Corp. 1044/062 1.27 02/14/90
109-J Dolly Sullivan Tuberville River Gas Corp. 1044/068 1.27 02/14/90
109-K Olen Sullivan River Gas Corp. 1044/065 3.81 02/14/90
109-L Daniel M. Sullivan River Gas Corp. 1044/074 0.32 02/15/90
109-M Kathy Lynn Sullivan Prevatte River Gas Corp. 1044/071 0.32 02/15/90
109-N Bob Burchfield River Gas Corp. 1044/077 3.81 02/26/90
109-O Marion Burchfield River Gas Corp. 1044/080 3.81 02/26/90
109-P Sidney Weaver River Gas Corp. 1046/339 3.81 02/26/90
109-Q Rabon Sullivan River Gas Corp. 1048/070 3.81 02/14/90
109-R Laurie Kay Sullivan Schoene River Gas Corp. 1048/073 0.32 02/15/90
109-S Carrie Sullivan Foley River Gas Corp. 1046/342 11.43 03/26/90
109-T Charles Mitchell Sullivan, Jr. River Gas Corp. 1051/276 0.32 02/15/90
109-U Rayford Sullivan River Gas Corp. 1051/279 3.81 02/22/90
109-V Barbara Gail Sullivan Billingsley River Gas Corp. 1078/566 0.32 10/24/90
109-W Linda Louise Sullivan Hood River Gas Corp. 1078/560 0.32 02/14/90
109-X Mary Ruth Sullivan Fortenburg River Gas Corp. 1078/563 0.32 10/24/90
112-A First Alabama Bank of Tuscaloosa River Gas Corp. 1044/113 180.23 03/09/90
Executor & Trustee of Robert N.
Alston Estate
112-B Woodrow Hobson, Jr. River Gas Corp. 1044/110 60.08 03/09/90
113 Madalene Cunningham, et al River Gas Corp. 1048/118 13.33 04/19/90
114-A Lona Jackson Thompson River Gas Corp. 1048/115 40.00 04/18/90
114-B James Robert Jackson, III River Gas Corp. 1051/309 8.00 04/20/90
114-C Wyman Terry Jackson River Gas Corp. 1051/306 8.00 04/20/90
114-D Edna Jackson River Gas Corp. 1051/312 8.00 04/23/90
114-E Betty Jackson Skelton River Gas Corp. 1052/302 8.00 04/23/90
114-F Christopher Brett Rowland River Gas Corp. 1068/699 8.00 10/05/90
115-A W. Bruce Baughman River Gas Corp. 1048/121 15.00 04/17/90
115-B Marian W. Maxwell River Gas Corp. 1048/127 15.00 04/17/90
115-C Nellie Shute Pearson River Gas Corp. 1048/124 15.00 04/17/90
115-D Thomas M. White, Sr. River Gas Corp. 1051/321 15.00 04/17/90
116-A Gay Nell Dockery Hill River Gas Corp. 1048/097 2.66 04/16/90
116-B Ella Mae Sullivan Bailey River Gas Corp. 1048/109 8.00 04/17/90
116-C Viola Sullivan Denton River Gas Corp. 1048/106 8.00 04/17/90
116-D Clarence Dockery River Gas Corp. 1048/103 2.66 04/17/90
116-E Lorene Sullivan Sellers River Gas Corp. 1048/100 8.00 04/17/90
116-F Armond Sullivan River Gas Corp. 1048/112 8.00 04/17/90
116-G Jack Dockery River Gas Corp. 1051/303 2.66 04/25/90
116-H L. J. Bates River Gas Corp. 1068/694 0.75 10/05/90
116-I Perry J. Bates River Gas Corp. 1068/691 0.75 10/05/90
117-A Karen J. Colwell River Gas Corp. 1051/330 43.74 04/26/90
</TABLE>
A
PART II
-8-
<PAGE>
<TABLE>
<CAPTION>
DOMINION BLACK WARRIOR BASIN, INC. - ACTIVE LEASES AS OF 5/1/94 SCHEDULE A
RGC PROSPECT, TUSCALOOSA COUNTY, AL Part II
- - -----------------------------------------------------------------------------------------------------
LEASE LESSOR LESSEE RECORDING NET # LEASE
NUMBER BOOK/PAGE ACRES DATE
- - -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
117-B Thomas W. Daniel, Jr. River Gas Corp. 1051/324 28.36 04/26/90
117-C Dayton F. Hale, Jr. River Gas Corp. 1051/327 29.29 04/26/90
117-D Dayton F. Hale, Sr. River Gas Corp. 1051/336 131.13 04/26/90
117-E Woodrow Hobson, Jr. River Gas Corp. 1051/333 43.74 04/26/90
117-F David G. McGiffert River Gas Corp. 1052/311 43.74 04/26/90
118-A Mary Kathryn Helfin & Ann Kaldrovics River Gas Corp. 1054/468 240.00 04/26/90
118-B Ann Pendleton Hawkins Cross River Gas Corp. 1059/700 120.00 07/02/90
119 Bean Family Partnership Ltd. No.4 River Gas Corp. 1050/001 40.00 05/14/90
120-A Jerry F. Colwell River Gas Corp. 1052/314 20.00 05/17/90
120-B First Alabama Bank of Tuscaloosa River Gas Corp. 1052/317 60.00 05/17/90
Executor & Trustee of Robert N.
Alston Estate
121 Bureau of Land Management Joe Stephenson 1063/426 360.00 08/01/90
122 Weyerhaeuser Company River Gas Corp. 1068/679 140.43 09/17/90
126 James Jefferson Mayfield IV by AIF, River Gas Corp. 1073/129 80.00 11/06/90
Dan M. Gibson
127 State of Alabama Taurus Exp.,Inc.(G) 1077/030(G) 62.57(G)
128 Hawkeye Oil & Gas, Inc. Meridian Oil, Inc. 1014/299(T) 60.00 05/23/89
130 State of Alabama Taurus Exp.,Inc.(U) 1077/328(C) 2.36(C)
131 State of Alabama Hawkeye Oil & Gas, 1082/021 19.80(B)
Inc. (V)
2-FO Alabama Basic Land Enterprise W.B. Newberry 846/272 480.00 04/01/82
3-FO Frances Fies Alcus TRW, E&P 913/374 40.00 01/06/85
4-FO Robert Colburn TRW, E&P 910/476 75.50 11/22/85
5-FO Alan Hofheimer TRW, E&P 913/372 40.00 01/06/86
6-FO FAB-Agent for Robert Alston W.B. Newberry 846/261 640.00 06/10/82
7-FO Friedman & Loveman W.C. Daly 790/069 3200.00 07/20/79
10-FO J.J. Mayfield W.B. Newberry 846/210 179.00 03/25/82
11-FO E.P. McDaniel W.B. Newberry 846/288 120.00 03/25/82
14-FO Frank Rice W.B. Newberry 846/240 40.00 03/25/82
17-FO Wesley West Estate TRW, Inc. 904/255 6120.00 09/01/85
18-FO Stedman Trust TRW, Inc. 904/242 1440.00 09/01/85
19-FO Charles Cassidy (6) 966/358 6793.50 02/03/88(1)
</TABLE>
FOOTNOTES:
(1) U.S. Steel originally leased on 4/24/75 with expiration date of
4/24/2005. (See Short Form Mining Lease filed in DB701, P261 and also
see Memorandum of Coal Seam Gas Sublease to The River Gas Corporation
filed in DB966, P358).
(2)-(5) FOOTNOTES DELETED
A
PART II
-9-
<PAGE>
(6) Note: That unrecorded Sublease Agreement is in the name of The River
Gas Corporation; the recorded memorandum of Coal Seam Gas Sublease is
in the name of The River Gas Company. (This is clarified in Affidavit
of Corporate Identity filed in DB1024/P010)
(A) - Amoco Production Company assigned to The River Gas Corporation 100.00
net acres from the original lease which described 560.00 net acres.
Assignment dated 8/29/89 recorded DB1038/P231.
(B) - The State of Alabama, Department of Conservation and Natural Resources,
executed a lease (Lease No. 724) to Hawkeye Oil & Gas, Inc. on November
29, 1988, said lease recorded in DB1003/P354; Hawkeye executed an
assignment dated May 23, 1989 to Meridian Oil Inc., said assignment
recorded in DB1014/P023; Meridian executed an assignment dated June 26,
1990 to Taurus Exploration, Inc., said assignment recorded in
DB1069/P410. Taurus assigned a portion of the leasehold to The River
Gas Corporation on February 12, 1991, said assignment recorded in
DB1082/P021. (There is a 5.0% ORR to Hawkeye on this tract).
(C) - The State of Alabama, Department of Conservation and Natural Resources,
executed a lease (Lease No. 716) to Taurus Exploration, Inc. on
September 20, 1988, said lease recorded in DB997/P194; Taurus assigned
a portion of that leasehold to The River Gas Corporation (WITHOUT
reserving any ORR) on December 21, 1990, said assignment recorded in
DB1077/P328.
(D)-(F) FOOTNOTES DELETED
(G) - The State of Alabama, Department of Conservation and Natural Resources,
executed a lease (Lease No. 694) to Taurus Exploration, Inc. on May 24,
1988, said lease recorded in DB981/P645, and executed another lease
(Lease No. 695) to Taurus on May 24, 1988, recorded in DB981/P651;
Taurus executed an assignment dated March 8, 1989 to Amoco Prouction
Company on both of these leases, said Assignment recorded in
DB1004/P700; Amoco assigned a portion of their leasehold to The River
Gas Corporation (reserving a 5.0% ORR) on October 17, 1990, said
assignment recorded in DB1077/P030.
(H) - This is an Assignment of some of the Holman mineral leased by Amoco via
DB991/P339. The lease dated 8/26/88 was an OGM form similar to ours
but with a 3/16 royalty. Our Assignment from Amoco dated 8/29/89.
A
PART II
-10-
<PAGE>
SCHEDULE B
Behind Pipe Recompletion Wells and Values
B-1
<PAGE>
SCHEDULE B
<TABLE>
<CAPTION>
WELL NAME VALUE ($)
<S> <C>
Stothart No. 24-12-1 149,850
Stothart No. 24-13-2 123,495
Davant No. 21-16-16 148,638
Friedman No. 22-4-52 95,619
Friedman No. 22-12-53 129,302
Friedman No. 22-15-54 114,732
Friedman No. 22-16-55 72,130
Mills No. 22-14-1 135,911
Moody No. 22-6-1 119,242
Cassidy No. 25-3-11 38,493
Cassidy No. 25-4-66 69,923
Cassidy No. 25-5-67 63,007
Cassidy No. 25-6-13 54,847
Cassidy No. 25-10-1 77,588
Cassidy No. 25-12-14 58,403
Cassidy No. 25-14-21 48,924
Cassidy No. 25-15-20 50,856
Cassidy No. 25-16-1 54,847
Cassidy No. 30-12-15 102,733
Cassidy No. 30-13-1 51,456
Cassidy No. 30-14-1 56,513
Cassidy No. 30-15-12 85,622
Cassidy No. 31-1-17 66,111
Cassidy No. 31-2-10 70,799
Cassidy No. 31-3-16 50,645
Cassidy No. 31-4-1 61,949
Cassidy No. 31-5-1A 55,814
Cassidy No. 31-6-18 48,720
Cassidy No. 31-8-70 84,561
Cassidy No. 31-10-124 87,350
Cassidy No. 31-12-125 82,725
Cassidy No. 31-14-65 90,951
Cassidy No. 36-1-19 32,654
Cassidy No. 36-2-1 33,912
Cassidy No. 36-3-23 53,054
Cassidy No. 36-4-22 74,717
Cassidy No. 36-5-24 56,046
Cassidy No. 36-7-25 68,692
Cassidy No. 36-8-4 122,346
Cassidy No. 36-9-71 56,046
</TABLE>
B-2
<PAGE>
<TABLE>
<CAPTION>
WELL NAME VALUE ($)
<S> <C>
Cassidy No. 36-10-28 56,628
Cassidy No. 36-11-27 43,348
Cassidy No. 36-12-26 52,722
Cassidy No. 36-13-29 77,671
Cassidy No. 36-14-30 54,393
Cassidy No. 36-15-31 69,453
Cassidy No. 36-16-3 105,502
Chevron No. 23-16-18 96,989
Chevron No. 25-2-1 80,474
Chevron No. 25-8-2 89,268
Chevron No. 25-11-3 49,373
Chevron No. 30-10-8 121,239
Earnest No. 24-13-1 111,691
Cassidy No. 5-2-126 103,166
Cassidy No. 5-4-49 70,460
Cassidy No. 5-5-50 87,029
Cassidy No. 5-6-61 67,278
Cassidy No. 5-11-56 72,620
Cassidy No. 5-13-48 63,523
Cassidy No. 6-2-64 89,824
Cassidy No. 6-3-44 57,202
Cassidy No. 6-7-129 57,202
Cassidy No. 6-9-47 75,253
Cassidy No. 6-10-52 75,253
Cassidy No. 6-11-54 66,602
Cassidy No. 6-13-51 102,632
Cassidy No. 6-14-55 81,360
Cassidy No. 8-4-63 60,141
Cassidy No. 8-5-60 69,342
Cassidy No. 8-12-58 60,141
Cassidy No. 8-13-59 76,710
Cassidy No. 31-16-69 77,831
Cassidy No. 32-2-41 101,781
Cassidy No. 32-4-33 69,055
Cassidy No. 32-6-40 111,420
Cassidy No. 32-7-39 68,769
Cassidy No. 32-8-34 121,204
Cassidy No. 32-9-37 123,799
Cassidy No. 32-10-45 61,452
Cassidy No. 32-11-35 82,809
</TABLE>
B-3
<PAGE>
<TABLE>
<CAPTION>
WELL NAME VALUE ($)
<S> <C>
Cassidy No. 32-12-62 99,126
Cassidy No. 32-13-46 51,852
Cassidy No. 32-14-36 74,943
Cassidy No. 32-15-38 64,530
Mayfield No. 8-3-1 87,640
USX No. 5-7-1 123,799
USX No. 5-10-2 123,799
USX No. 5-15-3 122,215
USX No. 8-6-4 122,215
USX No. 8-11-5 122,215
Cassidy No. 19-1-72 94,116
Cassidy No. 19-2-73 71,745
Cassidy No. 19-3-74 63,996
Cassidy No. 19-6-96 68,484
Cassidy No. 19-7-75 45,976
Cassidy No. 19-9-76 75,759
Cassidy No. 19-10-77 71,719
Cassidy No. 19-11-97 95,877
Cassidy No. 19-13-78 77,375
Cassidy No. 19-15-79 48,263
Cassidy No. 19-16-80 62,476
Cassidy No. 20-3-81 65,230
Cassidy No. 20-5-82 75,444
Cassidy No. 20-6-83 69,667
Cassidy No. 20-7-84 102,312
Cassidy No. 20-8-85 97,489
Cassidy No. 20-10-86 79,494
Cassidy No. 20-12-87 52,185
Cassidy No. 20-14-88 69,879
Cassidy No. 21-3-116 60,946
Cassidy No. 21-6-103 63,948
Cassidy No. 21-10-105 67,916
Cassidy No. 21-11-106 74,819
Cassidy No. 21-14-118 97,085
Cassidy No. 22-13-112 52,396
Cassidy No. 22-14-113 76,230
Cassidy No. 28-1-114 98,139
Cassidy No. 29-2-98 52,833
Cassidy No. 29-3-90 55,234
Cassidy No. 29-4-91 90,688
</TABLE>
B-4
<PAGE>
<TABLE>
<CAPTION>
WELL NAME VALUE ($)
<S> <C>
Cassidy No. 29-5-92 63,730
Cassidy No. 29-6-93 70,830
Cassidy No. 30-2-119 73,707
Cassidy No. 30-4-120 119,700
Cassidy No. 30-8-121 106,151
Chevron No. 24-16-16 101,365
Davis No. 24-7-1 88,565
Davis No. 24-8-2 78,580
Davis No. 24-9-3 64,552
Davis No. 24-10-4 104,761
Deal No. 27-4-1 142,049
Holman No. 24-1-26 71,685
Holman No. 24-3-27 113,732
USX No. 21-15-11 70,244
USX No. 21-16-12 89,996
USX No. 29-8-6 101,463
USX No. 29-11-7 108,634
USX No. 29-13-9 58,903
USX No. 29-14-10 43,206
USX No. 30-9-18 80,748
Davant No. 7-13-6 70,070
Davant No. 7-14-1 62,388
Friedman No. 13-13-3 114,687
Friedman No. 18-2-5 100,832
Friedman No. 18-3-31 61,011
Friedman No. 18-7-30 115,794
Friedman No. 18-8-2 57,668
Friedman No. 18-9-1 78,889
Friedman No. 18-15-4 96,111
McDaniel No. 18-5-2 65,526
McDaniel No. 18-6-3 90,211
Searcy No. 7-15-15 88,656
Searcy No. 17-14-9 140,948
Searcy No. 18-11-18 70,924
Searcy No. 18-13-6 70,924
Searcy No. 18-14-5 81,026
Searcy No. 19-4-1 61,394
Searcy No. 19-10-3 46,288
Searcy No. 20-3-10 69,152
Searcy No. 20-4-11 99,984
</TABLE>
B-5
<PAGE>
<TABLE>
<CAPTION>
WELL NAME VALUE ($)
<S> <C>
Searcy No. 20-5-12 151,137
Searcy No. 20-6-13 125,396
Searcy No. 24-1-2 68,845
West No. 13-1-15 108,666
West No. 13-2-16 43,884
West No. 13-5-3 37,666
West No. 13-6-1 48,750
West No. 13-7-38 0
West No. 13-8-14 45,980
West No. 13-9-9 90,256
West No. 13-11-6 70,190
West No. 13-12-4A 62,061
West No. 13-15-23 76,243
West No. 17-12-20 0
West No. 17-13-21 66,107
West No. 19-1-19 105,099
West No. 19-2-10 78,922
West No. 19-3-7 90,395
West No. 19-6-18 79,626
West No. 19-8-12 63,140
West No. 19-11-13 124,091
West No. 19-12-11 124,091
Alcus No. 12-4-1 31,247
Alcus No. 12-5-2 36,631
Davant No. 7-4-2 76,208
Davant No. 7-5-3 59,777
Davant No. 7-11-4 122,954
Davant No. 7-12-5 74,169
FNB No. 1-3-1 89,034
Friedman No. 2-1-15 120,597
Friedman No. 2-9-16 37,536
Friedman No. 6-4-11 124,736
Friedman No. 6-5-12 100,196
Friedman No. 6-12-13 82,554
Friedman No. 6-13-14 106,995
Friedman No. 11-10-8 57,910
Friedman No. 12-1-9 75,820
Friedman No. 12-2-50 83,458
Friedman No. 12-8-10 98,815
Friedman-Rosenau No. 2-16-3 53,840
</TABLE>
B-6
<PAGE>
<TABLE>
<CAPTION>
WELL NAME VALUE ($)
<S> <C>
Mayfield No. 12-9-2 52,601
Mayfield No. 12-10-5 127,310
Searcy No. 7-6-17 135,901
Searcy No. 11-9-14 61,055
Searcy No. 12-3-16 34,140
Searcy No. 12-6-19 61,055
West No. 1-1-24 63,769
West No. 1-2-25 78,735
West No. 1-6-39 78,735
West No. 1-8-27 87,597
West No. 1-9-28 91,062
West No. 1-10-29 92,779
West No. 1-11-30 80,291
West No. 1-13-31 51,192
West No. 1-14-32 60,839
West No. 1-16-33 58,011
West No. 11-8-36 32,024
West No. 11-15-37 0
Davant No. 23-2-9 70,468
Davant No. 23-7-7 108,105
First Alabama Bank No. 27-9- 55,597
First Alabama Bank No. 27-16 130,469
Friedman No. 22-14-38 124,165
Friedman No. 22-15-39 100,093
Friedman No. 23-4-41 152,994
West No. 21-8-71 128,827
West No. 27-1-59 64,081
West No. 27-2-60 146,963
West No. 27-4-62 98,727
West No. 27-5-65 83,645
Alabama Basic No. 34-3-14 105,290
Bean No. 14-15-1 99,056
Colburn No. 15-9-1 76,682
Colburn No. 15-15-2 83,740
Cunningham No. 10-1-1 77,910
Cunningham No. 10-2-2 77,910
Cunningham No. 34-8-2 116,498
First Alabama Bank No. 34-13 55,763
Friedman No. 2-5-42 83,752
Friedman No. 2-12-21 61,122
</TABLE>
B-7
<PAGE>
<TABLE>
<CAPTION>
WELL NAME VALUE ($)
<S> <C>
Friedman No. 2-14-22 22,477
Friedman No. 3-6-23 50,710
Friedman No. 3-15-26 91,497
Friedman No. 10-10-28 67,148
Friedman No. 10-15-29 35,447
Friedman No. 11-11-17 52,923
Friedman No. 11-13-18 63,323
Friedman No. 14-6-33 93,046
Friedman No. 14-12-34 59,898
Friedman No. 14-13-35 98,034
Friedman No. 34-10-57 76,066
Friedman No. 34-15-58 70,894
Friedman-Rosenau No. 2-7-2 56,212
Friedman-Rasenau No. 2-15-1 24,812
Holman No. 10-11-1 64,424
McGuire No. 34-9-5 51,356
Rice No. 2-6-1 0
West No. 3-2-44 68,275
West No. 3-3-22 29,419
West No. 3-8-48 106,050
West No. 3-10-49 89,432
West No. 3-13-50 46,906
West No. 11-2-35 20,076
West No. 11-4-41 124,534
West No. 11-5-42 106,050
West No. 15-1-51 36,610
West No. 15-2-52 61,044
West No. 15-3-68 0
West No. 15-6-53 27,398
West No. 15-8-55 0
West No. 15-13-58 66,783
Cunningham No. 28-15-3 74,680
West No. 33-2-112 30,972
West No. 33-3-120 32,842
West No. 33-6-114 22,849
West No. 33-8-115 36,177
West No. 33-10-116 33,088
West No. 33-16-119 48,179
Cassidy No.26-8-122 86,696
Cassidy No. 26-10-123 113,802
</TABLE>
B-8
<PAGE>
<TABLE>
<CAPTION>
WELL NAME VALUE ($)
<S> <C>
Chevron No. 26-5-9 118,747
Chevron No. 27-1-10 145,735
Clements No. 34-11-1 68,420
Clements No. 34-15-1 83,289
Clements No. 34-16-2 75,981
FGLIC No. 26-2-1 92,137
FGLIC No. 26-6-3 82,944
First Alabama Bank No. 34-1 71,830
First Alabama Bank No. 34-12 130,125
First Alabama Bank No. 35-2 112,132
First Alabama Bank No. 35-3 119,608
First Alabama Bank No. 35-5 78,303
Holman No. 35-12-4 86,502
McGuire No. 26-12-6 64,255
McGuire No. 26-13-3 62,281
McGuire No. 26-16-1 115,507
McGuire No. 27-9-4 103,667
Sessions No. 35-8-1 106,167
Sessions No. 35-9-2 94,423
Sessions No. 35-15-3 139,724
Alabama Basic No. 36-4-1 65,072
Alabama Basic No. 36-5-9 45,604
Alabama Basic No. 36-9-3 36,409
Alabama Basic No. 36-13-10 81,149
Alabama Basic No. 36-14-11 77,089
Alabama Basic No. 36-16-12 67,481
Cunningham No. 35-12-1 83,084
First Alabama Bank No. 25-1 78,249
First Alabama Bank No. 25-2 74,843
First Alabama Bank No. 25-4 137,912
First Alabama Bank No. 25-7 81,606
First Alabama Bank No. 25-10 97,751
First Alabama Bank No. 25-11 64,280
First Alabama Bank No. 25-12 137,912
First Alabama Bank No. 25-14 84,918
First Alabama Bank No. 25-15 91,428
First Alabama Bank No. 25-16 97,345
Friedman No. 30-4-45 111,190
Friedman No. 30-5-46 111,875
Friedman No. 30-12-47 106,159
</TABLE>
B-9
<PAGE>
<TABLE>
<CAPTION>
WELL NAME VALUE ($)
<S> <C>
Friedman No. 30-13-48 107,645
Friedman No. 31-12-49 89,125
Friedman No. 36-1-43 82,066
Friedman No. 36-3-1 40,757
Friedman No. 36-11-56 67,341
West No. 31-5-82 74,834
West No. 35-2-105 73,194
West No. 35-4-106 76,071
West No. 35-6-107 75,757
West No. 35-8-108 59,228
West No. 35-9-109 78,255
West No. 35-10-110 59,916
West No. 35-14-111 110,407
Alabama Basic No. 23-10-4 117,446
Alabama Basic No. 23-14-5 58,431
Alabama Basic No. 23-16-6 85,346
Alabama Basic No. 26-1-7 107,413
Alabama Basic No. 27-16-8 99,827
First Alabama Bank No. 26-16 80,526
West No. 23-3-93 111,836
West No. 23-5-94 108,700
West No. 23-6-95 71,278
West No. 23-7-96 69,728
West No. 23-8-92 111,372
West No. 27-8-101 73,555
West No. 27-13-103 96,213
West No. 27-14-104 67,140
Christian No. 12-5-2 104,482
Davant No. 1-12-10 150,564
Davant No. 1-13-11 87,524
Davant No. 3-1-12 151,193
Davant No. 3-2-13 151,193
Hinds No. 12-6-1 83,637
Mayfield No. 1-3-3 151,193
Mayfield No. 1-7-4 138,698
Price No. 1-1-1 101,567
Stedman No. 11-1-5 120,568
Stedman No. 11-16-13 129,468
Bigham No. 4-13-1 80,179
Federal No. 9-4-5 100,164
</TABLE>
B-10
<PAGE>
<TABLE>
<CAPTION>
WELL NAME VALUE ($)
<S> <C>
Sullivan No. 4-11-2 98,366
USX No. 15-13-27 99,413
Baughman No. 18-3-2 93,038
Baughman No. 18-6-3 81,610
Baughman No. 18-7-4 88,197
Hallman No. 8-14-1 102,080
Hallman No. 17-2-2 94,242
Hayes No. 7-16-2 94,242
Hayes No. 18-13-3 97,806
Hayes No. 18-14-4 140,873
Holman No. 13-7-19 91,055
Holman No. 17-12-15 100,946
Holman No. 17-13-16 78,254
Moore No. 13-1-1 107,618
Moore No. 13-9-2 88,708
Pettus No. 8-5-3 86,207
Pettus No. 8-6-2 97,350
Sealy No. 18-1-1 77,929
Weyerhaeuser No. 5-15-2 113,567
Weyerhaeuser No. 5-16-1 65,385
</TABLE>
B-11
<PAGE>
SCHEDULE C
Minimum Pratt Recompletion Schedule
<TABLE>
<CAPTION>
Minimum
Period Pratt
Ending Recompletions
------ -------------
<S> <C>
December 1994 115
March 1995 144
June 1995 173
September 1995 204
December 1995 234
March 1996 264
June 1996 294
September 1996 324
December 1996 353
March 1997 374
</TABLE>
C-1
<PAGE>
EXHIBIT 10.2
ADMINISTRATIVE SERVICES AGREEMENT
---------------------------------
This Agreement is entered into effective as of June 1, 1994, by and between
DOMINION RESOURCES, INC., a Virginia corporation ("Dominion Resources"), with
its principal office in Richmond, Virginia and DOMINION RESOURCES BLACK WARRIOR
TRUST, a fixed investment trust organized under the laws of the State of
Delaware (the "Trust").
WITNESSETH
----------
WHEREAS, effective as of May 31, 1994, Mellon Bank (DE) National
Association (the "Delaware Trustee"), NationsBank of Texas, N.A. (the
"Trustee"), Dominion Resources, and Dominion Black Warrior Basin, Inc., an
Alabama corporation ("the Company"), as trustor of the Trust, entered into the
Trust Agreement of Dominion Resources Black Warrior Trust (the "Trust
Agreement") forming the Trust for the purpose of receiving and holding certain
Royalty Interests to be conveyed by the Company thereto and for such other
purposes as are described in the Trust Agreement; and
WHEREAS, at the Closing, the Trust and the Company entered into the
Conveyance effective as of June 1, 1994 providing for the assignment of the
Royalty Interests to the Trust, the computation and payment to the Trust of
distributions on the Royalty Interests and certain other matters; and
WHEREAS, in consideration for the conveyance of the Royalty Interests, the
Trust issued 7,850,000 Units therein to the Company, which Units have been
transferred to Dominion Resources, and Dominion Resources intends to sell up to
all such Units pursuant to a public offering; and
WHEREAS, the Trust desires to obtain from Dominion Resources and Dominion
Resources desires to provide to the Trust, until such time as the Trust
terminates, certain administrative support services as set forth herein;
NOW, THEREFORE, for and in consideration of the foregoing premises and the
mutual covenants and agreements hereinafter contained, the parties hereto,
subject to the terms and conditions hereinafter set forth, hereby agree as
follows:
1. Defined Terms. Defined terms used herein but not defined shall have
-------------
the meaning defined in the Trust Agreement.
2. Performance of Services. Dominion Resources shall provide the
-----------------------
Services, as defined in paragraph 3 hereof, to and for the Trust. Dominion
Resources shall provide the Services in a timely manner and in a quality
fashion.
3. Services. The term "Services" as used herein shall mean all
--------
accounting, bookkeeping and other administrative services and reports necessary
(a) to determine the
<PAGE>
Gross Proceeds and any other amounts payable to the Trust pursuant to the
Conveyance and (b) to provide all information relating to the Royalty Interests
and Underlying Properties as shall be necessary (i) to permit the Trustee to
comply, with respect to the Trust, with the reporting obligations of the Trust
pursuant to the Exchange Act (including, without limitation, such reporting
obligations with respect to required financial statements and supplementary
financial information), the requirements of any securities exchange or quotation
system on which the Units are listed or admitted for trading and the Trust
Agreement, (ii) to sell the Royalty Interests in accordance with the Trust
Agreement and (iii) for any other reasonable purpose of the Trust. "Services"
hereunder shall not include (A) the furnishing of information other than with
respect to the Royalty Interests or the Underlying Properties, (B) the
preparation of any filings on behalf of the Trust, (C) any services to be
performed by or at the direction of the trustees on behalf of the Trust pursuant
to the Trust Agreement other than as contemplated herein or (D) the furnishing
of any information, data, documents or materials precluded by Section 3.14 and
the penultimate sentence of Section 5.05 of the Trust Agreement.
4. Administrative Service Fees. In consideration of the satisfactory
---------------------------
performance of the Services on the part of Dominion Resources, the Trust shall
pay Dominion Resources beginning for the period beginning June 1, 1994 and
ending June 30, 1994 and for each Quarterly Period thereafter, throughout the
term of the Trust, the Administrative Services Fee. The Administrative Services
Fee shall be $75,000 per Quarterly Period commencing June 1, 1994, and shall be
increased annually by three percent beginning January 1, 1995. The
Administrative Services Fee shall be paid no later than the seventieth (70th)
day following the end of each Quarterly Period for the Services performed during
such Quarterly Period. Payment shall be made by check payable to Dominion
Resources. The Administrative Services Fee is payable only out of the assets of
the Trust and neither the Trustee, the Delaware Trustee, any Entity serving in
any such capacity, nor any Unitholder shall be liable therefor. Dominion
Resources shall not be required to submit any invoices to receive payment of the
Administrative Services Fee.
5. Term of Agreement; Binding Effect; Proration of Fee. This Agreement
---------------------------------------------------
shall continue in force for the term of the Trust. This Agreement shall be
binding on the Trust, its successors and assigns. The Administrative Services
Fee shall be prorated for the period beginning June 1, 1994 and ending June 30,
1994. In the event the Trust terminates prior to the end of a Quarterly Period,
a portion of the Administrative Services Fee shall be paid for such Quarterly
Period based on the number of days in such Quarterly Period that the Trust was
in existence.
6. Assignment. Dominion Resources may assign to any of its Affiliates, in
----------
whole or in part, any of the rights, obligations or benefits of this Agreement
without the prior written consent of the Trustee. The Trust may assign this
Agreement to any successor in interest of the Trust without the prior written
consent of Dominion Resources. Otherwise neither party shall assign, in whole
or in part, any of the rights, obligations or benefits of this Agreement without
the prior written consent of the other party.
<PAGE>
7. Indemnification. Dominion Resources, its officers, directors, agents,
---------------
employees and Affiliates shall not be liable to the Trust, the Trustee or
Unitholders for claims, demands, damages, losses, liabilities, costs or expenses
(including, without limitation, reasonable attorneys' fees and other costs and
expenses incident to any suit, proceeding or investigation of any claim) arising
out of the rendering of the Services by Dominion Resources hereunder except that
Dominion Resources shall be liable for gross negligence or willful misconduct in
the rendering of the Services. Dominion Resources shall be indemnified by and
reimbursed by the Trust to the same extent that an Indemnified Party is
indemnified as set forth in Section 6.02 of the Trust Agreement.
8. Governing Law. This Agreement shall be construed in accordance with,
-------------
and all disputes hereunder shall be governed by, the laws of the State of
Delaware without regard to the conflict of laws provisions thereof.
9. Notices. Any and all notices or demands permitted or required to be
-------
given under this Agreement shall be in writing and shall be validly given or
made if (a) personally delivered, (b) delivered and confirmed by telecopier or
like instantaneous transmission service, or by federal Express or other reliable
overnight courier delivery service, which shall be effective as of confirmation
of receipt by the courier at the address for notice hereinafter stated or (c)
deposited in the United States mail, first class, postage prepaid, certified or
registered, return receipt requested, addressed as follows:
Dominion Resources:
Dominion Resources, Inc.
P.O. Box 26532
901 East Byrd St.
Richmond, Virginia 23261-6532
Attention: Linwood R. Robertson
Telecopier No.: (804) 775-5819
Trust:
NationsBank of Texas, N.A., Trustee
901 Main Street, 12th Floor
P.O. Box 830308
Dallas, Texas, 75283-0308
Attention: Dominion Resources Black Warrior Trust,
Trust Administrator
Telecopier No.: (214) 508-2484
Notice which is mailed in the manner specified shall be conclusively deemed
given five (5) days after the date postmarked or upon receipt, whichever is
sooner. Any party may change its address for purposes of this paragraph by
giving the other party hereto written notice of the new address in the manner
set forth above.
<PAGE>
10. Amendment. No modification or amendment of this Agreement shall be
---------
binding upon any party unless in writing and signed by the party against which
the modification or amendment is asserted.
11. Entire Agreement. This Agreement constitutes the entire understanding
----------------
between the parties with respect to the subject matter hereof, superseding all
negotiations, prior discussions and preliminary agreements, if any.
12. Arbitration. THE PARTIES TO THIS AGREEMENT AGREE THAT ANY DISPUTE,
-----------
CONTROVERSY OR CLAIM THAT MAY ARISE BETWEEN OR AMONG DOMINION RESOURCES (ON THE
ONE HAND) AND THE TRUST AND/OR THE TRUSTEE AND/OR THE DELAWARE TRUSTEE (ON THE
OTHER HAND) IN CONNECTION WITH OR OTHERWISE RELATING TO THIS AGREEMENT OR THE
APPLICATION, IMPLEMENTATION, VALIDITY OR BREACH OF THIS AGREEMENT OR ANY
PROVISION OF THIS AGREEMENT (INCLUDING, WITHOUT LIMITATION, CLAIMS BASED ON
CONTRACT, TORT OR STATUTE), SHALL BE FINALLY, CONCLUSIVELY AND EXCLUSIVELY
SETTLED BY BINDING ARBITRATION IN DALLAS, TEXAS IN ACCORDANCE WITH THE RULES OF
PRACTICE AND PROCEDURE FOR THE ARBITRATION OF COMMERCIAL DISPUTES (THE "RULES")
OF JUDICIAL ARBITRATION & MEDIATION SERVICES, INC. OR ANY SUCCESSOR THERETO
("JAMS") THEN IN EFFECT. THE PARTIES TO THIS AGREEMENT HEREBY EXPRESSLY WAIVE
THEIR RIGHT TO SEEK REMEDIES IN COURT, INCLUDING WITHOUT LIMITATION, THE RIGHT
TO TRIAL BY JURY, WITH RESPECT TO ANY MATTER SUBJECT TO ARBITRATION PURSUANT TO
THIS PARAGRAPH 12. ANY PARTY TO THIS AGREEMENT MAY BRING AN ACTION, INCLUDING,
WITHOUT LIMITATION, A SUMMARY OR EXPEDITED PROCEEDING IN ANY COURT HAVING
JURISDICTION, TO COMPEL ARBITRATION OF ANY DISPUTE, CONTROVERSY OR CLAIM TO
WHICH THIS PARAGRAPH 12 APPLIES. EXCEPT WITH RESPECT TO THE FOLLOWING
PROVISIONS (THE "SPECIAL PROVISIONS") WHICH SHALL APPLY WITH RESPECT TO ANY
ARBITRATION PURSUANT TO THIS PARAGRAPH 12, THE INITIATION AND CONDUCT OF
ARBITRATION SHALL BE AS SET FORTH IN THE RULES, WHICH RULES ARE INCORPORATED IN
THIS AGREEMENT BY REFERENCE WITH THE SAME EFFECT AS IF THEY WERE SET FORTH IN
THIS AGREEMENT:
(a) In the event of any inconsistency between the Rules and the
Special Provisions, the Special Provisions shall control. References in
the Rules to a sole arbitrator shall be deemed to refer to the tribunal or
arbitrators provided for under subparagraph (c) below in this paragraph 12.
(b) The arbitration shall be administered by JAMS. If JAMS is unable
or legally precluded from administering the arbitration, then the American
Arbitration Association or any successor thereto shall serve and the Rules
shall be deemed to be the Commercial Arbitration Rules of the American
Arbitration
<PAGE>
Association then in effect, but giving effect to the Special Provisions set
forth in this paragraph 12.
(c) The arbitration shall be conducted by a tribunal of three (3)
arbitrators. Within ten (10) days after arbitration is initiated pursuant
to the Rules, the initiating party or parties (the "Claimant") shall send
written notice to the other party or parties (the "Respondent"), with a
copy to the Dallas, Texas office of JAMS, designating the first arbitrator
(who shall not be a representative or Agent of any party but may or may not
be a JAMS panel member and, in any case, shall be reasonably believed by
the Claimant to possess the requisite experience, education and expertise
in respect of the matters to which the claim relates to enable such Person
to competently perform arbitral duties). Within ten (10) days after
receipt of such notice, the Respondent shall send written notice to the
Claimant, with a copy to the Dallas, Texas office of JAMS and to the first
arbitrator, designating the second arbitrator (who shall not be a
representative or Agent of any party but may or may not be a JAMS panel
member and, in any case, shall be reasonably believed by the Respondent to
possess the requisite experience, education and expertise in respect of the
matters to which the claim relates to enable such Person to competently
perform arbitral duties). Within ten (10) days after such notice from the
Respondent is received by the Claimant, the Respondent and the Claimant
shall cause their respective designated arbitrators to select any mutually
agreeable JAMS panel member as the third arbitrator. If the respective
designated arbitrators of the Respondent and the Claimant cannot so agree
within said ten (10) day period, then the third arbitrator will be
determined pursuant to the Rules. For purposes of this paragraph 12,
Dominion Resources (on the one hand) and the Trust, the Trustee and the
Delaware Trustee (on the other hand) shall each be entitled to the
selection of one (1) arbitrator. Prior to commencement of the arbitration
proceeding, each arbitrator shall have provided the parties with a resume
outlining such arbitrator's background and qualifications and shall certify
that such arbitrator is not a representative or Agent of any of the
parties. If any arbitrator shall die, fail to act, resign, become
disqualified or otherwise cease to act, then the arbitration proceeding
shall be delayed for fifteen (15) days and the party by or on behalf of
whom such arbitrator was appointed shall be entitled to appoint a
substitute arbitrator (meeting the qualifications set forth in this
paragraph 12) within such fifteen (15) day period; provided, however, that
if the party by or on behalf of whom such arbitrator was appointed shall
fail to appoint a substitute arbitrator within such fifteen (15) day
period, the substitute arbitrator shall be a neutral arbitrator appointed
by the JAMS arbitrator within fifteen (15) days thereafter.
(d) All arbitration hearings shall be commenced within ninety (90)
days after arbitration is initiated pursuant to the Rules, unless, upon a
showing of good cause by a party to the arbitration, the tribunal of
arbitrators permits the extension of the commencement of such hearing;
provided, however, that any such extension shall not be longer than sixty
(60) days.
<PAGE>
(e) All claims presented for arbitration shall be particularly
identified and the parties to the arbitration shall each prepare a
statement of their position with recommended courses of action. These
statements of position and recommended courses of action shall be submitted
to the tribunal of arbitrators chosen as provided hereinabove for binding
decision. The tribunal of arbitrators shall not be empowered to make
decisions beyond the scope of the position papers.
(f) The arbitration proceeding will be governed by the substantive
laws of the State of Delaware and will be conducted in accordance with such
procedures as shall be fixed for such purpose by the tribunal of
arbitrators, except that (i) discovery in connection with any arbitration
proceeding shall be conducted in accordance with the Federal Rules of Civil
Procedure and applicable case law, (ii) the tribunal of arbitrators shall
have the power to compel discovery and (iii) unless the parties otherwise
agree and except as may be provided in this Paragraph 12, the arbitration
shall be governed by the United States Arbitration Act, 9 U.S.C. (S)(S) 1-
16, to the exclusion of any provisions of state law or other applicable law
or procedure inconsistent therewith or which would produce different
results. The parties shall preserve their right to assert and to avail
themselves of the attorney-client and attorney-work product privileges, and
any other privileges to which they may be entitled pursuant to applicable
law. No party to the arbitration or any arbitrator may compel or require
mediation and/or settlement conferences without the prior written consent
of all such parties and the tribunal of arbitrators.
(g) The tribunal of arbitrators shall make an arbitration award as
soon as possible after the later of the close of evidence or the submission
of final briefs, and in all cases the award shall be made not later than
thirty (30) days following submission of the matter. The finding and
decision of a majority of the arbitrators shall be final and shall be
binding upon the parties. Judgment upon the arbitration award or decision
may be entered in any court having jurisdiction thereof or application may
be made to any such court for a judicial acceptance of the award and an
order of enforcement, as the case may be. The tribunal of arbitrators
shall have the authority to assess liability for pre-award and post-award
interest on the claims, attorneys' fees, expert witness fees and all other
expenses of arbitration as such arbitrators shall deem appropriate based on
the outcome of the claims arbitrated. Unless otherwise agreed by the
parties to the arbitration in writing, the arbitration award shall include
findings of fact and conclusions of law.
(h) Nothing in this paragraph 12 shall be deemed to (i) limit the
applicability of any otherwise applicable statute of limitations or repose
or any waivers contained in this Agreement or (ii) constitute a waiver by
any party hereto of the protections afforded by 12 U.S.C. (S) 91 or any
successor statute thereto or any substantially equivalent state law.
<PAGE>
(i) Notwithstanding any provision in this paragraph 12 to the
contrary, this paragraph 12 shall not be construed to require arbitration
of a claim or dispute solely between the Trustee and the Delaware Trustee
or of any claim or dispute brought by any Person (including, without
limitation, any Unitholder), who is not a party to this Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on and
as of the day and year first above written.
DOMINION RESOURCES, INC.
By: /s/ Linwood R. Robertson
--------------------------------
Linwood R. Robertson
Vice President -- Finance
and Treasurer
DOMINION RESOURCES BLACK WARRIOR TRUST
By: NATIONSBANK OF TEXAS, N.A.,
TRUSTEE
By: /s/ Ron E. Hooper
--------------------------------
Ron E. Hooper
Vice President
