​Non-Operated Working Interest

Reeves County, Texas

At a Glance

Operated By:

•  641.25 Gross/Net Acres

•  160.3125 Net Acres to Seller (All HBP)

•  25.000% WI / 21.875% NRI (87.50% NRL)

•  Operated by Permian Resources Operating, LLC

•  Potential Horizontal Objectives:
      1st Bone Spring, 2nd Bone Spring, & 3rd Bone Spring,
Upper & Lower Wolfcamp A, Upper & Lower Wolfcamp B,
& Wolfcamp D

•  Lease HBP by Producing Devonian Well

•  Active, Multi-Reservoir Drilling in Surrounding Area

SOLD!

Non-Operated Working Interest

Lea County, New Mexico

Operated BY:

At-a-Glance

• 557.60 Gross/Net Acres

• 7.5396% WI / 5.5793% NRI (E/2 S31-T19S-R35E)

• 5.6547% WI / 4.1845% NRI (W/2 S31-T19S-R35E)

• Operated by XTO Energy, Inc. & Marathon Oil Permian LLC

• 2.8257% WI / 2.0910% NRI in XTO’s Perla Verde Unit

• 3.7698% WI / 2.7896% NRI in Marathon’s Hefeweizen State Unit

  • Potential Horizontal Objectives:

    1st Bone Spring, 2nd Bone Spring

• Five (5) Bone Spring DUCs (XTO)

  •  Two (2) 1st Bone Spring DUCs

  • Three (3) 2nd Bone Spring DUCs

• Two (2) 2nd Bone Spring Well Proposals (Marathon)

Lonestar Operated WI

Martin County, Texas

Operated By:

•160.00 Gross Acres (All HBP)

•132.00 Net Acres

•Limited to Depths 100’ Below the Base of the Dean

•82.50% Working Interest

•61.05% Net Revenue Interest

•Operated by RK Petroleum Corp.

•Offset Operators Include Pioneer & Vencer

•Pioneer Permitted 40 New Horizontal Wells South of
Property (02/2022 & 03/2022)