PP

PIONEER - SOUTH LOUISIANA PKG

Producing Properties

All Standard Disclaimers Apply & Seller Rights Retained


PIONEER - SOUTH LOUISIANA PKG

SOUTH LOUISIANA SALE PACKAGE

15-Producing Wells; 5-Fields.

KINGS BAYOU, LAKE ARTHUR, --

MAURICE, RIDGE & LAKE PAGIE FIELDS

Four Fields On Land.

Exploration & Behind Pipe Potential

Quality Gas, Oil & Condensate

3D Seismic in the Kings Bayou Field

18%-100% OPERATED WI; 9-70% NRI

Gross Production: 172 BOPD & 583 MCFD

Net Production: 32 BOPD & 263 MCFD

Total Proved PV10 Value: $4,328,470

Net Proved Rsrvs: 136.9 MBO & 7.7 BCF

CLOSED: JANUARY 2017

PP 3335DV

PULLED BY Energy Advisors Group ON 1/20/17 and SOLD JANUARY 2017
---SOLD TO PRAYER OIL & GAS

Updates:
11/10/16
-- 01. Summary & Introductory Material: PSA added

09/02/16
-- 09. Production: Field Production (9.2.16) added

The Kings Bayou Field came back online in July 2016 with gross production of ~340 MCFED (~237 MCFED net). The Lake Arthur field had additional wells come back online with gross production of ~114 MCFED gross (~80 MCFED net). These volumes are significantly higher than previous production values and production data has been added to the Production folder.

07/18/16
-- 07. Well Data: Well Bore Diagrams & Schematics added

07/15/16
-- 09. Production: Kings Bayou Production file updated

07/13/16
-- 09. Production: Lake Arthur Production files added
-- 09. Production: Kings Bayou Production file added
-- Price Heirs #1 and Price Heirs #2 wells are back online in Lake Arthur field

Summary:
Energy Advisors Group has been retained by Pioneer Exploration LLC to market their 4 operated and 1 non-operated positions across 5 fields in South Louisiana. Within the fields, Pioneer holds working interest in 15 Producing wells, 5 SWD wells and 21 PDNP wells. The fields combined are producing 172 BOPD & 583 MCFD (Gross). Pioneer’s leasehold position is comprised of ~3,800 Net Acres. Pioneer’s internal engineering shows 136.9 MBO & 7.7 BCF of net reserves with a total proved PV10 of $4,328,470.

Highlights:
-- 15 producing wells; Net production is 32 BOPD and 263 MCFD
-- South Lake Arthur Field is coming back online; expected production >1,000 MCFD
-- Working interest ranges from 18% to 100% with net revenue interest from 9% to 70%
-- Total net proved reserves are estimated to be 136.9 MBO & 7.7 BCF
-- Present worth value of the net proved reserves, discounted at 10% is $4.3 million
-- Exploration potential identified by 3-D seismic in the Kings Bayou Field
-- Four of the fields are on land; one is located in an inland lake environment
-- Behind Pipe Potential in Maurice and Lake Pagie Field
-- Quality Gas, Oil & Condensate
-- 3D Seismic in the Kings Bayou Field showing drilling prospects
-- Negotiated sale.

Kings Bayou Field:
Kings Bayou Field is located in the south central portion of Cameron Parish. The field was initially developed by Shell Oil and was eventually obtained by Pioneer in April 2004. The field has a total active unit acreage of ~1,775 acres. Pioneer has operated interest in 5 producing wells, 3 inactive wells, and 1 active salt water disposal well. According to public data, the field is currently producing 52 MCFED
gross and 36 MCFED net (91% Gas). Pioneer also owns a license to 3-D seismic data over the Kings Bayou Field and engaged Schlumberger to review the data for new exploration opportunities. The seismic data shows several drilling prospect leads.

South Lake Arthur Field:
South Lake Arthur Field is located in southern Jefferson Davis and Northern Vermilion Parishes. The field has a total active unit acreage of ~1,578 acres. Pioneer has operated interest in 5 producing wells, 15 inactive wells and 1 active salt water disposal well. Pioneer is currently bringing 4-5 wells back online and the field is expected to produce >1,000 MCFD (gross).

Maurice Field:
Maurice Field is located partly in western Lafayette Parish and partly in northeastern Vermilion Parish about 8 miles southwest of Lafayette, Louisiana. The field has a total active unit acreage of 297 acres. Pioneer has operated interest in 1 producing well, 1 inactive well and 1 salt water disposal well. According to public data, the field is currently producing 92 MCFED gross and 65 MCFED net (99% Gas). The Bendel Heirs #1 well has behind pipe potential in the FJ Sand and possible behind pipe reserves in the FL Sand and the FK2 Sand.

Ridge Field:
Ridge Field is located in western Lafayette Parish about 10 miles southwest of Lafayette, Louisiana. The field has a total active unit acreage of ~203 acres. Pioneer has operated interest in 1 producing well and 1 active salt water disposal well. According to public data, the field is currently producing 134 MCFD gross and 91 MCFD net (100% Gas).

Lake Pagie Field:
Lake Pagie Field is centered in the south portion of Terebonne Parish, Louisiana. The field is located in an inland lake environment. Pioneer has non-operated interest in 5 producing wells, 2 inactive wells and a salt water disposal system, all operated by Texas Petroleum. According to public data, the field is currently producing 160 BOPD & 275 MCFD gross and 28 BOPD & 50 MCFD net. There is behind pipe potential in the Laterre C #1 and SL 34475 #1 wells.

NEGOTIATED SALE

CONTACT AGENT
Energy Advisors Group
Ms. Miranda Kennedy
Associate
5120 Woodway Dr Ste 11010
Houston, TX 77056
Phone: 713-600-0123
Email: [email protected]

Questions Regarding This Asset? Email Miranda Kennedy or call EAG at 214-774-2150
Virtual Data Room

SOUTH LOUISIANA SALE PACKAGE

15-Producing Wells; 5-Fields.

KINGS BAYOU, LAKE ARTHUR, --

MAURICE, RIDGE & LAKE PAGIE FIELDS

Four Fields On Land.

Exploration & Behind Pipe Potential

Quality Gas, Oil & Condensate

3D Seismic in the Kings Bayou Field

18%-100% OPERATED WI; 9-70% NRI

Gross Production: 172 BOPD & 583 MCFD

Net Production: 32 BOPD & 263 MCFD

Total Proved PV10 Value: $4,328,470

Net Proved Rsrvs: 136.9 MBO & 7.7 BCF

CLOSED: JANUARY 2017

PP 3335DV

PULLED BY Energy Advisors Group ON 1/20/17 and SOLD JANUARY 2017
---SOLD TO PRAYER OIL & GAS

Updates:
11/10/16
-- 01. Summary & Introductory Material: PSA added

09/02/16
-- 09. Production: Field Production (9.2.16) added

The Kings Bayou Field came back online in July 2016 with gross production of ~340 MCFED (~237 MCFED net). The Lake Arthur field had additional wells come back online with gross production of ~114 MCFED gross (~80 MCFED net). These volumes are significantly higher than previous production values and production data has been added to the Production folder.

07/18/16
-- 07. Well Data: Well Bore Diagrams & Schematics added

07/15/16
-- 09. Production: Kings Bayou Production file updated

07/13/16
-- 09. Production: Lake Arthur Production files added
-- 09. Production: Kings Bayou Production file added
-- Price Heirs #1 and Price Heirs #2 wells are back online in Lake Arthur field

Summary:
Energy Advisors Group has been retained by Pioneer Exploration LLC to market their 4 operated and 1 non-operated positions across 5 fields in South Louisiana. Within the fields, Pioneer holds working interest in 15 Producing wells, 5 SWD wells and 21 PDNP wells. The fields combined are producing 172 BOPD & 583 MCFD (Gross). Pioneer’s leasehold position is comprised of ~3,800 Net Acres. Pioneer’s internal engineering shows 136.9 MBO & 7.7 BCF of net reserves with a total proved PV10 of $4,328,470.

Highlights:
-- 15 producing wells; Net production is 32 BOPD and 263 MCFD
-- South Lake Arthur Field is coming back online; expected production >1,000 MCFD
-- Working interest ranges from 18% to 100% with net revenue interest from 9% to 70%
-- Total net proved reserves are estimated to be 136.9 MBO & 7.7 BCF
-- Present worth value of the net proved reserves, discounted at 10% is $4.3 million
-- Exploration potential identified by 3-D seismic in the Kings Bayou Field
-- Four of the fields are on land; one is located in an inland lake environment
-- Behind Pipe Potential in Maurice and Lake Pagie Field
-- Quality Gas, Oil & Condensate
-- 3D Seismic in the Kings Bayou Field showing drilling prospects
-- Negotiated sale.

Kings Bayou Field:
Kings Bayou Field is located in the south central portion of Cameron Parish. The field was initially developed by Shell Oil and was eventually obtained by Pioneer in April 2004. The field has a total active unit acreage of ~1,775 acres. Pioneer has operated interest in 5 producing wells, 3 inactive wells, and 1 active salt water disposal well. According to public data, the field is currently producing 52 MCFED
gross and 36 MCFED net (91% Gas). Pioneer also owns a license to 3-D seismic data over the Kings Bayou Field and engaged Schlumberger to review the data for new exploration opportunities. The seismic data shows several drilling prospect leads.

South Lake Arthur Field:
South Lake Arthur Field is located in southern Jefferson Davis and Northern Vermilion Parishes. The field has a total active unit acreage of ~1,578 acres. Pioneer has operated interest in 5 producing wells, 15 inactive wells and 1 active salt water disposal well. Pioneer is currently bringing 4-5 wells back online and the field is expected to produce >1,000 MCFD (gross).

Maurice Field:
Maurice Field is located partly in western Lafayette Parish and partly in northeastern Vermilion Parish about 8 miles southwest of Lafayette, Louisiana. The field has a total active unit acreage of 297 acres. Pioneer has operated interest in 1 producing well, 1 inactive well and 1 salt water disposal well. According to public data, the field is currently producing 92 MCFED gross and 65 MCFED net (99% Gas). The Bendel Heirs #1 well has behind pipe potential in the FJ Sand and possible behind pipe reserves in the FL Sand and the FK2 Sand.

Ridge Field:
Ridge Field is located in western Lafayette Parish about 10 miles southwest of Lafayette, Louisiana. The field has a total active unit acreage of ~203 acres. Pioneer has operated interest in 1 producing well and 1 active salt water disposal well. According to public data, the field is currently producing 134 MCFD gross and 91 MCFD net (100% Gas).

Lake Pagie Field:
Lake Pagie Field is centered in the south portion of Terebonne Parish, Louisiana. The field is located in an inland lake environment. Pioneer has non-operated interest in 5 producing wells, 2 inactive wells and a salt water disposal system, all operated by Texas Petroleum. According to public data, the field is currently producing 160 BOPD & 275 MCFD gross and 28 BOPD & 50 MCFD net. There is behind pipe potential in the Laterre C #1 and SL 34475 #1 wells.

NEGOTIATED SALE

CONTACT AGENT
Energy Advisors Group
Ms. Miranda Kennedy
Associate
5120 Woodway Dr Ste 11010
Houston, TX 77056
Phone: 713-600-0123
Email: [email protected]

Questions Regarding This Asset? Email Miranda Kennedy or call EAG at 214-774-2150