Midland Basin Royalty Project, Martin, Midland, Borden, Howard, & Glasscock Counties, Texas

Producing Mineral & Royalty Interest

•  3,334.8670 Gross Acres

•   Various Mineral & Royalty Interests

•   64.4329 Net Royalty Acres

•   Operated by Pioneer Natural Resources, Earthstone Operating,
Ovintiv USA, Laredo Petroleum, et al

•   Potential Horizontal Objectives:
Middle & Lower Spraberry, Jo Mill, Dean, Wolfcamp A & Wolfcamp B

•   29 Producing Vertical Wells

•   46 Producing Horizontal Spraberry & Wolfcamp Wells

•   21 Horizontal Spraberry & Wolfcamp DUCs

•   Average Daily Production:
5,244 BOPD & 10,447 MCFGPD (Gross)
4.37 BOPD & 8.42 MCFGPD (Net)

•   Average Net Income:
$9,620 / Month