CONVENTIONAL PLAYBOOK
Research
All Standard Disclaimers Apply & Seller Rights Retained

UNCONVENTIONALLY CONVENTIONAL!
June 2025, 60+ pages
LOWER 48 ONSHORE VERTICAL
Seven U.S. Regions
M&A, E&P, Capital Markets
Total: 13.4 Bcfpd & 1.2 MMBopd
Privates: 9.3 Bdfpd & 633 MBopd
Publics: 4.1 Bcfpd & 533 MBopd
~10,000 Private Operators
Just ~1,300 Privates produce >100 Boepd
Top 35 Privates - 12 are Family Owned
Quantum & Kayne Anderson Active in P/E
San Andres, Strawn, Yeso Next Wave
Permian takes 36% of oil volumes
Rockies take 51% of gas volumes
EMAIL TO GET ON DISTRIBUTION LIST
STUDY 1009MA

UNCONVENTIONALLY CONVENTIONAL!
June 2025, 60+ pages
LOWER 48 ONSHORE VERTICAL
Seven U.S. Regions
M&A, E&P, Capital Markets
Total: 13.4 Bcfpd & 1.2 MMBopd
Privates: 9.3 Bdfpd & 633 MBopd
Publics: 4.1 Bcfpd & 533 MBopd
~10,000 Private Operators
Just ~1,300 Privates produce >100 Boepd
Top 35 Privates - 12 are Family Owned
Quantum & Kayne Anderson Active in P/E
San Andres, Strawn, Yeso Next Wave
Permian takes 36% of oil volumes
Rockies take 51% of gas volumes
EMAIL TO GET ON DISTRIBUTION LIST
STUDY 1009MA