• December 2022 PDP net cashflow of $2.3MM and 2,281 BOEPD (50% liquids)
• Over 8,900 net leasehold acres and 192 net royalty acres in Mississippian and Woodford formations
• Production from 7 new DUCs adding 192 net BOEPD and $242k/month by Q1 2023
• 8 additional 2-mile, Tier 1 locations permitted on the position. 7 expected online in Q1 2023, adding 417 net BOEPD and $622k/month by March
• Tier 1 well performance in Meramec/Osage and Woodford formations
• Devon, Continental, BCE-Mach, Ovintiv, and Canvas with rigs on or adjacent to the position. Over 35 active rigs drilling in the basin.
• 92 low-risk, “line-of-sight” PUDs add 1.2 MMBbls net oil reserves and 14.4 Bcf gas. Hundreds of additional drilling locations available.