PP

QUICK SMALL PKG FOR SALE

Producing Properties

All Standard Disclaimers Apply & Seller Rights Retained


QUICK SMALL PKG FOR SALE

UPPER PERMIAN BASIN SALE PKG

SAN ANDRES & P I MARKER

Name Brand Fields.

STABLE to FLAT DECLINE

100% Held By Production.

~100% OPERATED WI; 81% NRI

Gross Prod: 61 BOPD & 240 MCFD

Net Prod: 47 BOPD & 187 MCFD

Net Cash Flow: ~$43,500/Mn

EMAIL EAG TO GET ON FUTURE LIST

PULLED PKG UNTIL MARKETS SETTLE

PP 2107DV

Energy Advisors Group was marketing a Upper Permian Basin lease for sale on a negotiated sale basis but unfortunately the sale package has been pulled until markets stabilize.

Overall the packaged included 33-Wells across 3,354-Gross Acres in the Levelland Field Area and Dean West Field.

MARCELLUS WALLACE #7H --- Ariel Prospect
One Horizontal Well. Cochran Co TX
The are 18 active Oil and Gas Leases held by production from the Marcellus Wallace #7H. The majority of the mineral estate was leased in 2015 from Bank of America who acts as the trustee for the various trusts that make up the mineral estate. Prior to the expiration of the continuous development the Oil and Gas Leases originally contained 1,777.28 gross acres.

MASTEN UNIT---
3,194 Gross Acres; 3,194 Acres Held By Production;
This area is made up of 11 active Oil and Gas Leases, which have been held by production since 1951. Effective July 1, 1994 Union Oil Company of California unitized the lease as to the San Andres to from 2,526.64 acre Masten Unit.

The balance of the acreage lies outside of the unit (666.90 acres, more or less) and is held by production. The ownership depths below the San Andres varies across this area.

Quick APIs
42-079-32754; 42-079-30987; 42-079-30984; 42-079-30957
42-079-30562; 42-079-30404; 42-079-01587; 42-079-01583
42-079-01582; 42-079-01580; 42-079-01578; 42-079-01300
42-079-01293; 42-079-01292; 42-079-33011; 42-079-30985
42-079-30971; 42-079-30956; 42-079-01593; 42-079-80183
42-079-33366; 42-079-33338; 42-079-32783; 42-079-32780
42-079-32777; 42-079-00033

The data includes a 15 tab spreadsheet database prepared by EAG using the Seller's provided content. The tabs include the following:

Overview, Listing & Curve
Map
Land
Wells
Curve and Production
Raw DI Data
Masten Unit Production Data
Masten J4 Production
M Wallace 1H
Mastern Injector Values
Wolf SWD Well
Masten Operating Statements
Masten Net LOS
Ariel Operating Cash Flows
Arial Net Lease Operating Statement

Additional notes for discussion for prior 2017 and 2018 operating costs
Regarding Workover Dollars:
There were higher than normal workover and cap costs in 2016. For example, the Jan Feb 2016 expenses can be broken into two parts. Nearly half of those dollars were associated with the drilling of two new wells in Masten (C-5 and A-11). These charges should have hit an AFE, not WO. The C-5 was drilled and completed but the A-11 had a water flow once we got out of surface casing and had to be plugged.

The remaining Jan Feb 2016 dollars were tied to four workovers on wells that needed stimulation immediately after we acquired the asset. Two jobs were acid only and two added perfs.

The 2018 dollars were addressing casing leaks inherited from Chevron. Five jobs totaled around $500,000. There was also $110,000 spent on two P&A jobs (we have since started turn keying P&A work). We currently do not have any wells with known casing issues

Energy Advisors Group
Mr. Richard Martin
14875 Landmark Blvd Ste 125
Dallas, TX 75254
Phone: 214-774-2150 Fax: 713-600-0138
Email: [email protected]

Or Call Ronyld W Wise at 713-594-0812 or email [email protected]

Asset Subject To Prior Sale. All Standard Disclaimers Apply.

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

UPPER PERMIAN BASIN SALE PKG

SAN ANDRES & P I MARKER

Name Brand Fields.

STABLE to FLAT DECLINE

100% Held By Production.

~100% OPERATED WI; 81% NRI

Gross Prod: 61 BOPD & 240 MCFD

Net Prod: 47 BOPD & 187 MCFD

Net Cash Flow: ~$43,500/Mn

EMAIL EAG TO GET ON FUTURE LIST

PULLED PKG UNTIL MARKETS SETTLE

PP 2107DV

Energy Advisors Group was marketing a Upper Permian Basin lease for sale on a negotiated sale basis but unfortunately the sale package has been pulled until markets stabilize.

Overall the packaged included 33-Wells across 3,354-Gross Acres in the Levelland Field Area and Dean West Field.

MARCELLUS WALLACE #7H --- Ariel Prospect
One Horizontal Well. Cochran Co TX
The are 18 active Oil and Gas Leases held by production from the Marcellus Wallace #7H. The majority of the mineral estate was leased in 2015 from Bank of America who acts as the trustee for the various trusts that make up the mineral estate. Prior to the expiration of the continuous development the Oil and Gas Leases originally contained 1,777.28 gross acres.

MASTEN UNIT---
3,194 Gross Acres; 3,194 Acres Held By Production;
This area is made up of 11 active Oil and Gas Leases, which have been held by production since 1951. Effective July 1, 1994 Union Oil Company of California unitized the lease as to the San Andres to from 2,526.64 acre Masten Unit.

The balance of the acreage lies outside of the unit (666.90 acres, more or less) and is held by production. The ownership depths below the San Andres varies across this area.

Quick APIs
42-079-32754; 42-079-30987; 42-079-30984; 42-079-30957
42-079-30562; 42-079-30404; 42-079-01587; 42-079-01583
42-079-01582; 42-079-01580; 42-079-01578; 42-079-01300
42-079-01293; 42-079-01292; 42-079-33011; 42-079-30985
42-079-30971; 42-079-30956; 42-079-01593; 42-079-80183
42-079-33366; 42-079-33338; 42-079-32783; 42-079-32780
42-079-32777; 42-079-00033

The data includes a 15 tab spreadsheet database prepared by EAG using the Seller's provided content. The tabs include the following:

Overview, Listing & Curve
Map
Land
Wells
Curve and Production
Raw DI Data
Masten Unit Production Data
Masten J4 Production
M Wallace 1H
Mastern Injector Values
Wolf SWD Well
Masten Operating Statements
Masten Net LOS
Ariel Operating Cash Flows
Arial Net Lease Operating Statement

Additional notes for discussion for prior 2017 and 2018 operating costs
Regarding Workover Dollars:
There were higher than normal workover and cap costs in 2016. For example, the Jan Feb 2016 expenses can be broken into two parts. Nearly half of those dollars were associated with the drilling of two new wells in Masten (C-5 and A-11). These charges should have hit an AFE, not WO. The C-5 was drilled and completed but the A-11 had a water flow once we got out of surface casing and had to be plugged.

The remaining Jan Feb 2016 dollars were tied to four workovers on wells that needed stimulation immediately after we acquired the asset. Two jobs were acid only and two added perfs.

The 2018 dollars were addressing casing leaks inherited from Chevron. Five jobs totaled around $500,000. There was also $110,000 spent on two P&A jobs (we have since started turn keying P&A work). We currently do not have any wells with known casing issues

Energy Advisors Group
Mr. Richard Martin
14875 Landmark Blvd Ste 125
Dallas, TX 75254
Phone: 214-774-2150 Fax: 713-600-0138
Email: [email protected]

Or Call Ronyld W Wise at 713-594-0812 or email [email protected]

Asset Subject To Prior Sale. All Standard Disclaimers Apply.

Questions Regarding This Asset? Email Richard Martin or call EAG at 214-774-2150