Oil and Gas Assets for Sale

ASSET BACKED SECURITIES

May 2026, 10-Page Special Report

2026 ISSUANCES TRACKING RECORD YEAR

Stone Ridge, Jonah, Diversified Leading

Basic Principles, Comparative Features

Risk, Reward, Structuring

Issuances By Year, By Company, By Deals

Deal Illustration: ABS Vs RBL Vs Notes

Cash Waterfall From Wellhead to Operator

Diversified Energy Sees $16B of PDP Targets

Eyes Rockies, Bakken and Eagle Ford

Anadarko Basin Latest Hot Spot

Structuring Costs Run 1% - 3% Of Deal

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RS 2609SR

Energy Advisors Group

Mr. Blake Dornak

VP - Marketing

4265 San Felipe Street Ste 650

Houston, TX 77027

Phone: 713-600-0123

Email: [email protected]

FEDS RECORD, RECORD LAND AUCTION

Insight, Clarity, Analysis

ALSO, ABS ENERGIZING PDP DEAL FLOW

NextEra Buys Dominion In Power Supercycle

Shell Pays ARC $16B For Montney Buy

Canadian LNG Gives Asian Buyers Options

Golden Pass Ships First Cargo

Jonah Consolidates Hugoton

EagleRock Land IPO

Mineral Deals Continue Strong

Western Haynesville Holds 200 Tcf

Diversified Refinances $850MM in ABS

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RS 2610MM

Energy Advisors Group

Mr. Blake Dornak

VP - Marketing

4265 San Felipe Street Ste 650

Houston, TX 77027

Phone: 713-600-0123

Email: [email protected]

DEAL PERSPECTIVES (MEDIA VERSION)

Quick 12 Pages Of The Full 23 Page Report

$38.0B IN 1Q26 - UP FROM $24.2B IN 4Q

Deals Decrease To 12 From 28 In 4Q

Strong Start Until Deals Pause On Iran War

Devon Buys Coterra Via Merger For $25.4B

Mitsubishi Buys Aethon For $7.5B

Stone Ridge Buys Ovintiv's Anadarko: $3.0B

Caturus Buys Eagle Ford From SM: $950MM

Oil Resetting Higher After Supply Shock

U.S. Gas Demand Remains Strong

Clarity Will Restart M&A Markets

Strong Buyer Universe

CONTACT EAG FOR FULL 23 PAGE REPORT

RS 2605MA

Energy Advisors Group

Mr. Blake Dornak

VP - Marketing

4265 San Felipe Street Ste 650

Houston, TX 77027

Phone: 713-600-0123

Email: [email protected]

SEVEN PLAY OVERVIEWS

March 2026, 72-Page Report

APPALACHIA, HAYNESVILLE, DELAWARE +

Midland, Bakken, Eagle Ford, SCOOP/STACK

M&A, E&P, Capital Markets

Total: 93 Bcfpd & 8,800,000 Bopd

80% of U.S. Gas, 65% of U.S. Oil

Operators Increasing Efficiencies

Volumes Up 10%, Rigs Down 30% Since 2022

Includes Iran War Comments

Permian Gas Rising, Takeaway On The Way

Appalachia Returns to Grow

Haynesville Premier LNG Supply Source

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RS 2604RG

Energy Advisors Group

Mr. Blake Dornak

VP - Marketing

4265 San Felipe Street Ste 650

Houston, TX 77027

Phone: 713-600-0123

Email: [email protected]

SPECIAL REPORT (April 29, 2026)

Shell Strikes Its Biggest Deal In A Decade

QUADRUPLES MONTNEY VOLUMES

Buys Canada's ARC Resources for $16.4B

2.2 Bcfepd Rich Gas and Condensate

59% Gas, 13% NGLs, 28% Oil

Adds 1,500,000 Acres, Now Holds 2,000,000

Montney (Canada) Now Low Cost Heartland

North America's Biggest Gas Growth Story

LNG Canada Shipped First Cargo In June

Buy Bodes Well For LNG Canada Phase 2

Shell Used Its Increased Stock for 75%

Who's Next? Supply Security Valuable

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RS 2608DA

Energy Advisors Group

Mr. Blake Dornak

VP - Marketing

4265 San Felipe Street Ste 650

Houston, TX 77027

Phone: 713-600-0123

Email: [email protected]

ROCK BEATS PAPER (April 24, 2026)

Physical Oil Prices Disconnect From NYMEX

SPECIAL MARKET REPORT

Differentials On Gulf Grades Blowout

Genuine Supply Shock Winner and Losers

Pricing All About Ability To Move Oil

Capital Flows To Physical Side

LIFE BEGINS AT $140

North Sea Forties Reaches $50 Premium

Volumes Running About 200,000 bbl/d

OIL PRICE SHOCKS - #5 SINCE 2008

History. 2008, 2014, 2020, 2022, 2026

Today's Shock Depends On Duration And...

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RS 2607DA

Energy Advisors Group

Mr. Blake Dornak

VP - Marketing

4265 San Felipe Street Ste 650

Houston, TX 77027

Phone: 713-600-0123

Email: [email protected]

TRADING ON CHAOS + DEALS

Insight, Clarity, Analysis

VITOL, TRAFIGURA, MERCURIA, GUNVOR

Also Uncertain Markets, A New World Order

Plus Upstream Winners & M&A Impacts

Iran War Tests Trading Firms

Risk and Volatility Cuts Both Ways

Physical Optionality Gains Value

Deal Markets Poised To Rebound

Winners Include Exxon and Chevron

And Gulf Coast LNG Linked Companies

XOP Up 43% Year Over Year

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RS 2606MM

Energy Advisors Group

Mr. Blake Dornak

VP - Marketing

4265 San Felipe Street Ste 650

Houston, TX 77027

Phone: 713-600-0123

Email: [email protected]

SPECIAL REPORT (Feb 25, 2026)

Sells Oklahoma For $3.0B To Stone Ridge

OVINTIV SHEDS ANOTHER BASIN

Another Portfolio Transformation Complete.

Sold. 90,000 BOEPD. 360,000 Net Acres.

$33,000 Boepd. 30% Oil, 26% NGLs, 44% Gas

Buyer: Stone Ridge / Flywheel (Operator)

ABS (Financing) Deals Continuing

Ovintiv Now Focused On Two Top Oil Basins

PERMIAN & MONTNEY.

OVV Planning $2.3B 2026 Spend, 11 Rigs

Permian and Montney >35% IRR at $55 Oil

OVV Has 10+ Years of Drilling Inventory

DOWNLOAD 4-PAGE REPORT INCL DEAL TERMS

RS 2603DA

Energy Advisors Group

Mr. Blake Dornak

VP - Marketing

4265 San Felipe Street Ste 650

Houston, TX 77027

Phone: 713-600-0123

Email: [email protected]

2025 YEAR END REPORT & 2026 START

Incls Special Section New Year M&A

$66B IN 2025 - DOWN FROM $108B IN 2024

'25 Deal Count Increases To 95 From 86 In '24

Strong Start to 2026 With $37B By Mid Feb.

More Large Deals In The Works For 2026

International Buying Continuing

Private Equity Teams On The Hunt

2023 Consolidation Wave Continues In 2026

Devon Merges With Coterra To Start Year

Mitsubishi Buys Haynesville's Aethon ($7.5B)

Stone Ridge Strikes Again ($3B From OVV)

Kimmeridge's Caturus Buys EF For $950MM

DOWNLOAD 19-PG ANNUAL REPORT

RS 2601MA

Energy Advisors Group

Mr. Blake Dornak

VP - Marketing

4265 San Felipe Street Ste 650

Houston, TX 77027

Phone: 713-600-0123

Email: [email protected]

SPECIAL REPORT (February 13, 2026)

Transocean Acquires Valaris

OFFSHORE GHOSTS NOW A RATE REAPER

$5.8 B: All Stock, 15.2 RIG shares per 1 VAL

Valaris Formed via ENSCO + ROWAN (2019)

Now 33 Drillships, 9 Semis, 31 Jackups

$10B Backlog ($5.9B RIG + $4.1B VAL)

Jackups Getting $130,000 Day Rate

Plans Offshore Drilling Multi-Year Upcycle

Says +156% In Deepwater Sanctions by 2027

Plans $200MM Synergies By 2028

Plus 50% Leverage Improvement In 24 mos.

Both Stocks Jump on Deal News

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RS 2526DA

Energy Advisors Group

Mr. Blake Dornak

VP - Marketing

4265 San Felipe Street Ste 650

Houston, TX 77027

Phone: 713-600-0123

Email: [email protected]

SPECIAL REPORT(S) (February 2026)

Coterra And Devon Merge

3-PART CONTINUING SERIES

CTRA Takes Chairman, DVN Gets CEO

HQ: Houston, OK City Maintains Presence

Devon Gets Control Of 11 Person Board

What's 1+1? Risky Arithmetic?

1.6 MMBoepd (34% Oil, 22% NGLs, 34% Oil)

Top OXY, EOG, COP Lower 48

Delaware Basin (863,000 Boepd)

746,000 Net Acres (>10 Years Inventory)

+Marcellus, Anadarko, Rockies, Eagle Ford

Synergies of $1.0B/Year by YE 2027

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RS 2525DA

Energy Advisors Group

Mr. Blake Dornak

VP - Marketing

4265 San Felipe Street Ste 650

Houston, TX 77027

Phone: 713-600-0123

Email: [email protected]

SPECIAL REPORT (JAN 21, 2026)

Mitsubishi Buys Aethon

The Empire Buys Back - Haynesville

$7.5B: $5.2B Cash Plus $2.3B Debt

Now #2 Haynesville, Behind Expand

2.1 Bcfpd Net (2.6 Bcfpd Gross)

~380,000 Net Acres

Mitsubishi's Largest Investment On Record

New Name: Adamas Energy

Albert Huddleston Named CEO

Aethon Mngt Option To Buyback 25%

Japanese Now Control ~30% of Haynesville

Mitsubishi, Tokyo Gas, Osaka, JERA

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RS 2524DA

Energy Advisors Group

Mr. Blake Dornak

VP - Marketing

4265 San Felipe Street Ste 650

Houston, TX 77027

Phone: 713-600-0123

Email: [email protected]

DEAL PERSPECTIVES (MEDIA VERSION)

Quick 10 Pages Of The Full 28 Page Report

$23.5B IN 4Q25 - UP FROM $10.8B IN 3Q

Deals Decrease To 21 From 34 In 3Q

Close to the 24 Deals/Qtr Avg. Since 2022

SM buys Civitas Via Merger For $7.7B

Harbour Enters Gulf of America For $3.2B

Stone Ridge Buys Baytex's EF For $2.3B

JERA Buys Haynesville For $1.5B

JAPEX Starts Ops In DJ For $1.3B

P/E Hunting With 15+ Teams And >$5B

International Buyers Increasingly Active

Consolidation Continuing

CONTACT EAG FOR FULL 28 PAGE REPORT

RS 2523MA

Energy Advisors Group

Mr. Blake Dornak

VP - Marketing

4265 San Felipe Street Ste 650

Houston, TX 77027

Phone: 713-600-0123

Email: [email protected]

SPECIAL REPORT (DEC 24, 2025)

$3.2B: $2.7B Cash Plus $0.5B Equity

Enters U.S. Gulf At Scale With Operations

34,000 Boepd WI (~80% Oil)

27,600 Boepd Net (est. 18.75% Royalty)

3 Deepwater Hubs (~90% Of Assets)

Keathley Canyon and Mississippi Canyon

Production Doubling By 2028

Harbour Has Been Seeking Right Entry

LLOG Offers Growth And Successful Team

500 MMboe of Resources (2P + 2C)

Adds to North Sea, Argentina, Mexico Gulf

Brings Harbour Vols to 500,000 Boepd

DOWNLOAD OUR 5-PAGE ALERT

RS 2522DA

Energy Advisors Group

Mr. Blake Dornak

VP - Marketing

4265 San Felipe Street Ste 650

Houston, TX 77027

Phone: 713-600-0123

Email: [email protected]

PERMIAN POWER TRIBUNAL + DEALS

Insight, Clarity, Analysis

FANG, GRNT, JAPEX, KIMMERIDGE

Also America & China Power Race

Latest Permian Gas to Power Threesome

Granite Ridge - The Other NonOp

JAPEX Buys DJ's Verdad For $1.3 Billion

35,000 Boepd (70% liq) - Starts Operations

Kimmeridge Bids $6B For Ascent Resources

AR is Appalachia's #4, Owner Legal Fight

US & China Approaches to Power

China Consumers Pay Single Digits per kWh

The Grid, Not Gadgets, May Decide Winner

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RS 2521MM

Energy Advisors Group

Mr. Blake Dornak

VP - Marketing

4265 San Felipe Street Ste 650

Houston, TX 77027

Phone: 713-600-0123

Email: [email protected]

SPECIAL REPORT (DEC 15, 2025)

Appalachia M&A Running Hot

DEALS UP >6X OVER 2024

Press Time: Kimmeridge Bids $6B for Ascent

Lawsuit Details: Ascent & Continuation Fund

Antero's Buy And Sale $5.1B

Now Pure Play West Virginia Players

Infinity And NOG Team Up In Utica

Quantum Cashes In With HG Energy Sale

Backing Ex-Tug Hill Team With Vickery

Vickery Might Be Buyer Of Tribune

Appalachia Vols 36.6 Bcfpd, Running 30 Rigs

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RS 2520DA

Energy Advisors Group

Mr. Blake Dornak

VP - Marketing

4265 San Felipe Street Ste 650

Houston, TX 77027

Phone: 713-600-0123

Email: [email protected]

UNCONVENTIONALLY CONVENTIONAL!

July 2025, 90-Page Report

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

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RS 2507RG

Energy Advisors Group

Mr. Blake Dornak

VP - Marketing

4265 San Felipe Street Ste 650

Houston, TX 77027

Phone: 713-600-0123

Email: [email protected]

Intel, E&P Deals, Strategic Moves

Insight, Clarity, Analysis

AI Race Parallels Shale Beginnings

Natural Gas Breaks $5 Handle

BKV Powers Up - Molecules to Electrons

Kimmeridge Targets Coterra, Seeks Pure-Play

Ovintiv Puts >100,000 BOEPD For Sale

Repsol Upstream And APA Talks

Continental Resources Enters Vaca Muerta

Baytex Exits US, Refocuses on Canada Home

Highlander Drilling Ahead At 27,399'

Grayrock Buys Terryville For $255MM

SM + Civitas Selling $1B+ In A Year

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RS 2519MM

Energy Advisors Group

Mr. Blake Dornak

VP - Marketing

4265 San Felipe Street Ste 650

Houston, TX 77027

Phone: 713-600-0123

Email: [email protected]

SPECIAL REPORT (NOV 17, 2025)

Confirmed: Stone Ridge is Buyer

BAYTEX EXITS EAGLE FORD AND U.S.

$2.3 Billon, All Cash

82,865 BOEPD (64% Oil, 19% NGLs, 17% Gas)

Mix of Op & NonOp

NonOp Karnes Trough (25% WI Under COP)

Operated Legacy Ranger Oil

Baytex Pivots Home to Canada Oil

Sale Wipes Out Debt, Provides Dry Powder

Now Has 65,650 BOEPD Canada Vols

Plans 3-5% Annual Growth

Pembina Duvernay Ramping Up ($45 BE)

CLICK TO DOWNLOAD 13 PAGE REPORT

RS 2518DA

Energy Advisors Group

Mr. Blake Dornak

VP - Marketing

4265 San Felipe Street Ste 650

Houston, TX 77027

Phone: 713-600-0123

Email: [email protected]