San Juan County, NM

This ORRI is in a good producing area of New Mexico. Approx. 50 wells (50 unique API numbers) from two of the largest operators in the county (DJR Operating and Dugan Production Corporation). Income by check month and production month is shown in the below table, and we have posted some of the recent check stubs below as well for reference. Table was prepared by seller.

Check Date	Production Month	Operator	Price of Gas	Check Total	Monthly Total
3/24/2023	23-Jan	DJR	$20.83	$23,243.18	$32,903.27
3/29/2023	23-Jan	Dugan	$27.53	$ 9,660.09	$32,903.27
4/25/2023	23-Feb	DJR	$7.21	$18,654.17	$23,045.86
5/1/2023	23-Feb	Dugan	$9.26	$ 4,391.69	$23,045.86
5/25/2023	23-Mar	DJR	$2.62	$43,388.58	$44,872.82
5/31/2023	23-Mar	Dugan	$2.89	$ 1,484.24	$44,872.82

Several recent check stubs from both operators are viewable below as well as owner-provided spreadsheet showing income from June of 2022 through March of 2023 (income updated above however) and the well names and API numbers. Owner has copies of all 2022 check stubs as well.

MH Dugan Prod. Corp. Feb. 2023 Check Stub ($6,598.70)

MH DJR Operating March 2023 Check Stub ($23,243.18)

DJR Operating April, 2023 Check Stub ($18,654.17)

MH-C DJR Operating May 2023 Check Stub ($43,386.58)

San Juan County – Well List and Monthly Revenue