Operations – PetroTX Operating

Texas Assets

North Milton Field – Harris County, TX

1,100 acre tract located near Houston’s Beltway 8 and Interstate 45 – North. Milton field sits below the Bammel Storage Unit, a Yegua reservoir
11 active producers
No pending P&A requirements
Acreage is serviced by one owned SWD well
Field produces ~1,000 Mcf/d and ~20 bbl/d
Production generated from Upper Wilcox and Lower Wilcox, with the – lower section being geo-pressured
Majority of Wilcox zones are prolific, both within the trend and the field
Large amount of in-place pipeline infrastructure
Sales are through Kinder Morgan and Energy Transfer
Opportunity for purchase of offset acreage position

Oppossum Hollow

Operated, conventional gas asset located in Southern Mississippi
35,114 gross / 27,680 net acres across 3 legacy gas fields
- Gwinville Field: 11,514 net acres
- Baxterville Field: 14,163 net acres
- Maxie Field: 2,003 net acres
100% HBP position with average WI of 98.3% and NRI of 76.8%
Net daily production of 8.9 MMcfe (99% gas)
- Long-life, shallow decline production with a first year PDP decline of 6.5%
- Majority of production is from the Selma Chalk (~6500’)
- PDP R/P of 10 years
Pipeline spec gas receives premium of $0.09 over index
100% operated position offers ability to optimize production and lower operational costs
Properties historically undercapitalized, preserving numerous impactful development opportunities
- Asset well-positioned to capitalize on Selma Chalk horizontal potential
- Opportunity to implement a more robust refrac program
Infrastructure in place for current and future production takeaway

Alabama Assets

Outside Operating Assets

Areas of Operations