“Wright Ranch Mineral Interest”
Howard County, Texas

• 4,143.47 Gross Acres

• 2.3750% Mineral Interest

• 98.4074 Net Mineral Acres

• 196.8148 Net Royalty Acres

• Operated by Callon Petroleum, Surge Operating, Grenadier Energy & Trilogy Operating

• Potential Horizontal Objectives:

  Middle & Lower Spraberry, Wolfcamp A & Wolfcamp B

• 34 Producing Horizontal Wells (Spraberry & Wolfcamp)

• 7 Producing Vertical Wells

• 1 Shut-In Horizontal Wolfcamp Well (Pending Rework)

• 19 Permitted Horizontal Wells (Spraberry & Wolfcamp)

  11 DUCs & 1 Drilling

  7 Permitted Horizontal Wells (Approved Since 03/22/19)

• Average Daily Production:

  5,699 BOPD & 8,799 MCFGPD (Gross)

  31 BOPD & 46 MCFGPD (Net)

• Average Net Income:

  $45,572 / Month