DEAL ALERT (STONE RIDGE / COP)

AUGUST 12, 2025 SPECIAL REPORT

Stone Ridge Buys COP's Anadarko Assets

COP TARGETS ANOTHER $2.5 B TO SALE

Flywheel Energy to Operate Assets

Pays $1.3 billion for 40,000 Boepd

120 MMcf/d, 12,800 b/d NGL, 7,200 bbl/d

250,000 Net Acres, Mostly Marathon Legacy

Stone Ridge Targeted $5-$10 B in 2025 Buys

Bought Out JV Ptnr Wincoram Earlier This Yr

Recently Paid >$1 B for Terra Energy Ptnrs

SRE Owns Material Gas in AR, CO & WY

Also an ABS Issuer & Partners w/Gunvor

COP Has Sold $2.5 B Post Marathon Buy

CLICK TO DOWNLOAD 10-PAGE REPORT

STUDY 1013MA