Private Seller

[Pages:8]Private Seller

Royalty Interest Package

DeWitt County, Texas

COMPREHENSIVE A&D SERVICES FOR THE OIL & GAS INDUSTRY

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Executive Summary

Bids Due July 16, 2020

Private Sale

The Oil and Gas Asset Clearinghouse, LLC is partnering with a Private Seller to market a Royalty Interest (RI) package that includes 8 wells in DeWitt County, Texas

Asset Highlights

? Divesting up to 20 lots (0.55%) of RI in DeWitt County, Texas

? Producing from the Eagle Ford reservoir

? Operated by Devon Energy, etc.

? 16.48 / 28.53 total acres (net acres / net royalty acres)

? 1,831 / 10 avg. total daily oil production (gross / net)

? 17,477 / 96 avg. total daily gas production (gross / net)

? $28,298 / Mo est. total average net cash flow (last 6 months)

By Lot Highlights

Royalty Interest Acreage per Lot Net Daily Production* Avg. Net Cash Flow*

0.027% 0.8239 / 1.4265 (net acres / NRA)

0.5 / 4.8 (bopd / mcfd) $1,415 / mo

*Production & CF are last 6 month average, CF is based on prod. date

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PDP & Cash Flow Summary

Monthly Production ? 8 Horizontal producing wells ? 1,831 / 10 avg. total daily oil production (gross / net) ? 17,477 / 96 avg. total daily gas production (gross / net) ? Producing from the Eagle Ford reservoir

Monthly Cash Flow ? $28,298 / Mo est. total average net cash flow (last

6 months) ? $1,415 / Mo est. average net cash flow per lot

(last 6 months)

*Production & CF are last 6 month average, CF is based on prod. date

Bids Due July 16, 2020

Private Sale

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Private Seller

Bids Due July 16, 2020

Operator Presence in the Vicinity

EOG Resources' Blanc Unit 101H, with a lateral length of 8,325 feet, achieved an average IP24 of 6,362 BOE/d in December 2018

Private Sale

Elbrus Unit 102H; 6-Mar-2018 EOG Resources Austin Chalk IP24: 4,646 BOE/d (79% oil) Lateral length: 4,904 feet

Everest Unit 101H; 26-Apr-2018 EOG Resources Austin Chalk IP24: 5,667 BOE/d (83% oil) Lateral length: 8,829 feet

Marek Unit 9H; 30-Mar-2018 EOG Resources Eagle Ford-2 IP24: 5,159 BOE/d (84% oil) Lateral length: 6,837 feet

Hickok 7H; 18-Apr-2018 EOG Resources Eagle Ford-2 IP24: 5,541 BOE/d (88% oil) Lateral length: 4,470 feet

Brysch-Kitchen USW D 1; 2-Jul-2019 Burlington Resources Eagle Ford-2 IP24: 4,574 BOE/d (77% oil) Lateral length: 10,056 feet

Whitney Unit 106H; 9-Sep-2018 EOG Resources Austin Chalk IP24: 4,966 BOE/d (82% oil) Lateral length: 9,557 feet

Blanc Unit 101H; 3-Dec-2018 EOG Resources Austin Chalk IP24: 6,362 BOE/d (84% oil) Lateral length: 8,325 feet

Hickok 6H; 18-Apr-2018 EOG Resources Eagle Ford-2 IP24: 4,583 BOE/d (88% oil) Lateral length: 5,145 feet

Brysch-Kitchen USW B 1; 7-Jul-2019 Burlington Resources Eagle Ford-2 IP24: 4,696 BOE/d (77% oil) Lateral length: 10,320 feet

Brysch-Kitchen USW A 1; 7-Jul-2019 Burlington Resources Eagle Ford-2 IP24: 4,696 BOE/d (77% oil) Lateral length: 10,252 feet

BP Falcon Minerals

Conocophilips Magnolia Oil & Gas

Devon Newpek; Reliance

Footnotes: Select wells within a 10-mile radius tested post Jan-2018 Newpek and Reliance entered into a JV in June 2010

Ensign Repsol

EOG Viper Energy

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Private Seller

Private Equity Presence in the Vicinity

Bids Due July 16, 2020

Private Sale

Apollo Global Ridgemont Equity

Riverstone Energy; Riverstone Holding Warburg Pincus; Kayne Anderson

TPG Capital; Parallel Resource

Carrier Energy Partners II LLC Carrier Energy Partners II LLC received an equity commitment from Riverstone Energy Ltd and Riverstone Holdings LLC in May-2015. Commitment ($): $533 million Brief: Eagle Ford and Midland basin focused company.

Riverbend Oil & Gas IX LLC Riverbend Oil & Gas IX LLC received an equity commitment from Ridgemont Equity Partners. Commitment ($): $254.32 million Brief: Gulf Coast and Permian focused company.

Rockall Energy LLC Rockall Energy LLC received equity commitments from Parallel Resource Partners LLC and TPG Capital LP in Jun-2018. Commitment ($): Undisclosed Brief: Assets in Gulf Coast, Midcontinent, Rockies and Ark-La-Tex.

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Private Seller

Historical Transactions

Riverbend Oil & Gas IX ? Ridgefield Energy; Apr-2019 Deal Type: Royalty Deal Value: Undisclosed Assets: 763 net royalty acres

90 producing wells

Viper Energy Partners ? Royal Resources; Feb-18 Deal Type: Royalty Deal Value: $123 million Assets: 681 net royalty acres

900 boe/d (77% liquids)

Footnotes: Select royalty transactions announced post Jan-2018 Transacted properties may include acreage not visible in snapshot

Bids Due July 16, 2020

Private Sale

Undisclosed Buyer ? Viking Minerals; Sep-18 Deal Type: Royalty Deal Value: $28.25 million Assets: 1,191 net royalty acres

200+ wells in pay

Osprey Energy Acquisition ? Royal Resources; Jun-18 Deal Type: Royalty Deal Value: $894 million Assets: 20,103 net royalty acres

4,764 boe/d 1Q18 net production (73% liquids)

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Private Seller

Developmental Activity in the Vicinity

249 drilling permits have been approved within a 10-mile radius of the marketed assets since Jan-2019

[1]

Bids Due July 16, 2020

Private Sale

[2]

Approved Permits Over Time 80

60

40

20

0 Qtr1 Qtr2 Qtr3 Qtr4 Qtr1 Qtr2 Qtr3 Qtr4 Qtr1 Qtr2

2018

2019

2020

Footnotes: [1] Lease Activity heatmap for the last 3 months, approved permits, rigs and landtrac leases within a 10-mile radius of the marketed assets during the last 3 months

[2] Permits approved within a 10-mile radius of the marketed assets

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Sale Process

? Electronic data room available June 11, 2020 ? Bids due July 16, 2020 ? Bid instructions available in EDR

June

Su M T W Th F Sa 123456

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July

Su M T W Th F Sa 1234

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For additional questions or information, please contact our team:

Bo Wanger

Business Development BWanger@

(972) 702 - 1760

Tyler Post

Engineer Tpost@

(903) 520 - 2278

Matt Stowers

Transaction Manager Matt@

(832) 601-7657

EDR Open Bids Due

Oil & Gas Asset Clearinghouse

Phone: (281) 873-4600 Email: sales@

A Private Seller ("Company") is selling Royalty Interest in DeWitt County, Texas. Oil & Gas Asset Clearinghouse, LLC ("Clearinghouse") is the exclusive technical, marketing, and transaction advisor for this sale. The Company and Clearinghouse make no representations or warranties, either express or implied, as to the accuracy or completeness of this information or its suitability for any purpose. The sales process contemplated herein is not exclusive. The Company and Clearinghouse reserve the right to withdraw all or any portion of the assets or change all or any terms of this sales process at any time without notice to any potential purchaser.

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