We REPRESENT Engagements throughout the U.S.

• ~1,500 Boed of net production on low decline (~7%) from ~340 producing conventional wells
• ~$15MM NTM net cash flow and $73MM PDP PV10 supported by low average lifting costs of ~$12/Boe
• Attractive field economics with elevated 8/8ths average lease NRI of ~85%
• Low-cost upside opportunities including waterflood projects, recompletions, and new locations underpin $82MM 3P PV10

• 2,038 NRA position evenly distributed between the highly active Permian and Powder River Basin
• ~$10MM next-twelve-months cash flow generating ~$15MM PDP PV10
• ~150 near-term DUCs and permits anticipated online over the next year
• ~800 PUD locations contributing to ~$70MM 3P PV10

• ~2,200 Net Royalty Acres located in Howard Co. in the highly active northern Midland Basin
• $2.4MM net NTM cash flow (~70% PDP) from 180 wells generating $8MM PDP PV10
• High interest units (up to ~7% RI) with access to six proven targets (operator avg. IRR of 70%)
• 330 undeveloped locations contributing to $47MM 3P PV10

• 685 NRA in highly active regions of the Permian Basin (~55% Delaware & ~45% Midland)
• ~100 Boed (75% liq.) of net production and $2.5MM NTM cash flow
• 100 near-term locations (DUC & Permit) turned-in-line over the next-twelve-months
• ~700 highly economic PUD locations contributing to $26MM 3P PV10

• Regional Gulf Coast assets, fully held-by-production, with elevated average NRI of ~78% (95% avg. WI)
• 1.6 MMcfed of oil rich PDP net production (~35% oil) on steady 4.5% aggregate decline
• $1.6MM of PDP NTM net cash flow, funding low-cost RTP, recompletion, and new drill upside opportunities
• $11MM PDP PV10 with value acceleration to $37MM 3P PV10 via development within cash flow

• ~1,200 Boed of liquids-rich net production from ~150 producing wells (~90% liquids)
• $17 NTM PDP cash flow and $60MM of PDP PV10
• ~180 remaining locations targeting multiple highly productive intervals
• Abundant remaining reserves total ~80 MMBoe, generating $560MM PV10 (3P)