Oil & Gas Leases and Related Assets for Auction

Online Auction Sale of oil & gas leases and related assets of William B. Lawton Company, L.L.C., et al., including all interests it owns in and to the oil and gas Leases and Wells (as hereinafter defined) described on Exhibit “A” on the attached PDF, including all of seller's leasehold interests, operating rights, reversionary interests, net profits interests, and any contractual rights and other similar interest in the lands covered by the Leases, Leases and Wells, together with rights in any pooled or unitized acreage by virtue of any lands covered by the Leases being a part thereof, and including, but not limited to, all of seller's right, title and interest in, to, under and derived from:

• The oil, gas and mineral leases described in Exhibit “A” attached hereto and made a part hereof (the “Leases”), together with corresponding interests in and to all the property and rights incident thereto, including all rights in any pooled or unitized acreage by virtue of the Leases being a part thereof, all production from the pool or unit allocated to any such Leases, and all interests in any wells within the pool or unit associated with the Leases;
• All oil wells and gas wells, water injection wells and other injection or disposal wells, temporarily abandoned wells, plugged and abandoned wells, and all other wells of every nature and kind located on or attributable to the Leases or the lands covered by the Leases, including, but not limited to, all of the wells described on Exhibit “A” attached hereto and made a part hereof (the “Wells”);
• The equipment and other personal and mixed property, improvements, easements and rights–of–way, permits, licenses, servitudes and any other estates situated in or upon, or used, or held for future use in connection with the exploration, development and production of oil, gas and other minerals, sulfur, associated gas from any of the Leases or the treatment, storage or transportation of such substances therefrom, including wells, casing, tubing, derricks, tanks, batteries, boilers, separators, rods, pumps, flow lines, water lines, gas lines, buildings, fixtures, machinery, gas gathering or processing systems or pipelines, power lines, telephone and telegraph lines, and all other fixtures and improvements, currently located on the Leases or lands pooled therewith or located thereon as of 7:00 a.m. Central Time on the effective date of the transfer (the “Effective Time”);
• Seller's rights and obligations resulting or derived from all Leases; joint operating agreements; oil, gas, liquids, casinghead gas and condensate purchase, sales, processing, gathering, treatment, compression, and transportation agreements; farmout or farmin agreements; joint ventures; dry hole, bottom hole, acreage contribution, purchase and acquisition agreements; area of mutual interest agreements; servicing contracts, surface leases, saltwater disposal agreements, or other interests appertaining to the Leases and all other executory contracts and agreements; insofar as the foregoing relate primarily to the Properties (as hereinafter defined);
• All rights, liabilities and obligations (whether accrued, unaccrued, known, unknown, inchoate, contingent, or otherwise and whether such rights and obligations arose or all by contract, by tort, by statute, in equity, in personam, in rem or otherwise) (i) to gas balancing for both underproduction and overproduction (in kind, in cash, or otherwise), (ii) to make up gas or deliver gas for gas balancing, (iii) to revenue sharing, and (iv) to equitable accounting, in respect of imbalances resulting from the taking or non-taking of gas from the Wells or Leases at any time prior to, on, or after the Effective Time.
• All easements, rights–of–way, licenses, authorizations, permits, servitudes, and similar rights and interests applicable to, or used in connection with, any or all of the above–described interests;
• All lease files, land files, well files, gas and oil sales contract files, gas processing files, copies of accounting records and information relating to production from and expense attributable to the Properties, abstracts, title opinions, well logs, cores, production data, and all other similar books, files and records, information, and data (including engineering and geological data, but excluding geophysical data), and all rights thereto, of Debtor insofar as the same are primarily related to any of the Properties, to the extent the transfer thereof is not prohibited by existing contractual obligations with third parties and such prohibitions were not waived or otherwise satisfied; and
• All oil, gas and associated liquid and gaseous hydrocarbons stored upon or produced from the Leases on and after the Effective Time;