Kimmeridge Energy Management DFAN14A Additional proxy materials by non-management

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a)

of the Securities Exchange Act of 1934

Filed by the Registrant o

Filed by a Party other than the Registrant þ

Check the appropriate box:

o	Preliminary Proxy Statement
o	Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
o	Definitive Proxy Statement
o	Definitive Additional Materials
þ	Soliciting Material Under Rule 14a-12

SilverBow Resources, Inc.

(Name of Registrant as Specified in Its Charter)

KEF Investments, LP

KEF Fund V Investments, LP

Kimmeridge Energy Management Company, LLC

Benjamin Dell

Alexander Inkster

Neda Jafar

Denis Laloy

Noam Lockshin

Henry Makansi

Neil McMahon

Douglas E. Brooks

Carrie M. Fox

Katherine L. Minyard

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (check the appropriate box):

x	No fee required.

o	Fee paid previously with preliminary materials.

o	Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.

On April 1, 2024, Kimmeridge Energy Management Company, LLC issued a press release (the “Press Release”), which included an open letter to shareholders (the “Letter”) of SilverBow Resources, Inc., and published certain materials to its website, www.Kimmeridge.com/sbow/ (the “Website”), including the supplemental presentation (the “Supplemental Presentation”) described in the Letter. A copy of the Press Release, including the Letter, is filed herewith as Exhibit 1, a copy of the Supplemental Presentation is filed herewith as Exhibit 2 and additional information posted to the Website is filed herewith as Exhibit 3, Exhibit 4, and Exhibit 5. Additional data regarding the wells can be found on the Website at https://www.Kimmeridge.com/sbow/.

Exhibit 1

Kimmeridge Issues Open Letter to SilverBow Shareholders

Remains ready to engage in good faith negotiations with SilverBow towards

value-enhancing combination

Publishes comprehensive financial and operational data on KTG

to support shareholders in analyzing Kimmeridge’s proposal

SilverBow made no contact with Kimmeridge before rejecting the March 13 proposal, and then claimed SilverBow needs more information to effectively evaluate the transaction

SilverBow prioritizes launch of highly misleading PR campaign and Board / management entrenchment rather than undertaking actions in the best interests of shareholders

NEW YORK and DENVER, April 1, 2024 – Kimmeridge, an alternative asset manager focused on the energy sector and the largest shareholder of SilverBow Resources (“SilverBow”) holding 12.9% of outstanding shares, today issued an open letter to shareholders highlighting SilverBow’s lack of engagement following Kimmeridge’s March 13 proposal to combine Kimmeridge Texas Gas (“KTG”) and SilverBow. Kimmeridge is also making available supplemental financial and operational information about KTG to support shareholders as they analyze the combination and the value it will deliver.

Kimmeridge also filed preliminary proxy materials with the Securities and Exchange Commission regarding its nomination of three highly-qualified, independent directors to SilverBow’s Board of Directors for election at its 2024 annual shareholder meeting.

Additional information regarding Kimmeridge’s proposal and KTG’s asset base can be found at www.Kimmeridge.com/sbow/.

The full text of Kimmeridge’s letter to SilverBow shareholders is included below.

***

Fellow Shareholders,

On March 13, 2024, Kimmeridge delivered a financed, premium proposal to combine Kimmeridge Texas Gas (“KTG”) and SilverBow Resources (“SilverBow" or the “Company”), with an associated $500 million equity investment. The combination would create a preeminent pure-play Eagle Ford shale operator with an estimated enterprise value of approximately $3.6 billion. The accretive transaction offers SilverBow shareholders a unique opportunity to participate in the compelling upside of a larger and more resilient company that is uniquely positioned to drive growth and lead the next phase of consolidation in the Eagle Ford. Unfortunately, weeks have passed and SilverBow has done little to genuinely evaluate this offer.

SilverBow’s Misleading Claims Regarding Its Engagement

It is important for shareholders to be aware of the gross mischaracterizations contained in SilverBow’s press releases and solicitation materials regarding our most recent engagement with the Company – as it speaks to their lack of credibility.

As SilverBow stated in its solicitation materials, on February 21 Kimmerige met with the SilverBow Board of Directors (the “Board”) and presented several options to address the Company’s track record of underperformance. This presentation emphasized the importance of scale to the Company’s long-term performance and suggested eight different potential strategic transactions the Company could pursue to establish a foundation for long-term value creation. One of the presented options was Kimmeridge’s currently announced proposal for a combination with KTG and the associated capital injection.

During this meeting, we were asked by a SilverBow director whether Kimmeridge would put a proposal in writing, to which we responded affirmatively. Following that meeting, on February 26, SilverBow CEO Sean Woolverton called to thank us for the meeting. He claimed that the Board was “open to proposals”, and requested a formal proposal for a combination with KTG with confirmation of financing – details conspicuously absent from the description of our engagement in SilverBow's letters to shareholders and SEC filings.

To our surprise on March 1, and prior to our submission of any formal proposal, SilverBow filed a letter to shareholders misrepresenting the historical discussions with Kimmeridge. In our desire to have a constructive dialogue, and hope that the Board was open to considering the best interests of shareholders, we chose to ignore the tone and inaccuracies contained in that filing and formally submitted the requested proposal on March 13 (the “March 13 Proposal”).

In the two weeks that followed, none of SilverBow’s management team, Board or advisors made any outreach to Kimmeridge or our representatives. Likewise, no one requested access to our pre-populated data room, the draft merger agreement or asked any diligence questions that could have permitted the Board and its advisors to properly evaluate the March 13 Proposal. Other shareholders communicated to us that SilverBow claimed to have been engaging with Kimmeridge during this time period – that is completely false.

We received no communication from SilverBow until after the Company filed its proxy and associated inaccurate press release on March 28. Hours later, SilverBow’s CEO sent a letter to Kimmeridge rejecting our proposal and also asking for additional information on KTG, which they could have requested at any time in the preceding weeks, and which we are today gladly providing to the market.

SilverBow’s Incumbent Board & Management Strategy

We are puzzled that the Board rejected the March 13 Proposal before evaluating it in an informed manner. In light of the Company’s lack of engagement, we cannot help but question the Board’s commitment to pursuing the best interests of shareholders. At this point, it appears that the Board and management team are singularly focused on fighting Kimmeridge – at all times and at all costs. Their strategy is to entrench themselves – while summarily rejecting compelling proposals and denying shareholders the right to fiduciaries who will independently analyze opportunities to maximize long-term value.

We have submitted a highly compelling, accretive and credit enhancing premium proposal. Since that time, we have heard from other shareholders regarding their belief in the merits of a combination with KTG, and stand ready to engage in good faith negotiations with the Company. Unfortunately, SilverBow has taken a different course.

Since our February 21 meeting, the Board has dedicated vast resources towards:

Filing a preliminary proxy statement renominating the same incumbent directors;

Undertaking a defensive and minimal refreshment of the Board;

Launching a misleading PR campaign; and

Summarily rejecting our proposal – without conducting necessary due diligence or engagement

It is no surprise that SilverBow’s share price declined on March 28 following the Board’s rejection of our March 13 Proposal – a day when the Dow Jones Industrial Average hit a record high and virtually every other oil & gas company’s share price was up significantly.

We believe that a strong majority of shareholders support authentic engagement and would vote in favor of the March 13 Proposal if the incumbent Board didn’t stand in the way. In our view, the Board and management’s desire to maintain the status quo (including their positions and compensation) prevents the Board from presenting this value-creating transaction to shareholders.

KTG’s High Quality Asset Base

Today we are making available all the information that SilverBow has just requested and more. Shareholders can visit www.Kimmeridge.com/sbow/ to access this information, containing additional detail on KTG’s financials and asset base, including well data, operating statistics and inventory maps. We were prepared to share this data with SilverBow earlier in our pre-populated data room, had they requested it before rejecting the March 13 Proposal.

We suspect SilverBow will do little with the data apart from use it to justify their own inaction. However, by publishing the data, shareholders, whose opinions we believe should be heard, will be able to directly compare KTG’s assets with those of SilverBow. We hope that SilverBow will publicly disclose the same level of information about its finances and operations.

To briefly summarize, the data set includes the following:

A comparative analysis of well performance based on public data, indicating that KTG’s wells have consistently outperformed SilverBow on an EUR per barrel of oil equivalent basis utilizing both a 6:1 conversion, and a 20:1 conversion for natural gas. Kimmeridge has also provided proprietary data on recent wells to the end of February showing that this performance gap has continued and expanded.

Line by line responses to SilverBow’s diligence request – investors can clearly compare KTG’s performance metrics vs SilverBow.

Current production information. Since the startup of the recent Apollo pad in Karnes County, KTG’s net production is now 374 MMcfe/d (80% gas / 11% oil / 9% NGL).

Detailed cost data for the existing asset base. KTG’s estimated operating costs for 2024 are $0.44/Mcfe for LOE and taxes, $0.36/Mcfe for GP&T and $0.15/Mcfe for G&A. KTG’s estimated drilling and completion costs for 2024 are respectively $223/md ft and $645/CLAT.

Inventory Analysis. Since the formation of KTG in 2022, Kimmeridge has increased its leasehold organically and through acquisition – more than doubling production and acreage – with peer-leading expertise in drilling deep gas wells.

A copy of the Board’s letter to Kimmeridge, dated March 28, 2024. Shareholders can consider the Board’s artful use of language to describe their failure to make any attempt at a good-faith evaluation of our proposal prior to rejecting it.

The Path Ahead

Kimmeridge believes that its highly-compelling March 13 Proposal is the best opportunity to maximize value for all SilverBow stakeholders. To that end, we would bring our deep operational, financial and transactional expertise to bear on behalf of the combined company – working collaboratively to position the new company for consolidation and related measures to unlock its significant value potential for all. Kimmeridge would also install best-in-class governance and executive compensation practices that limit the existing management team’s ability to use owners’ capital for their personal enrichment irrespective of performance.

We are confident that our accretive, credit-enhancing transaction presents all SilverBow shareholders with a unique opportunity to participate in the compelling upside of a larger and more resilient company that is uniquely positioned to drive growth and lead the next phase of consolidation in the Eagle Ford.

Should the Board continue to stonewall, mislead investors, and fail to provide all SilverBow shareholders the full benefit of independent oversight of the management team and assessment of the March 13 Proposal, then we believe the best path forward will be for SilverBow shareholders to elect our three, independent, highly-qualified, nominees to the Board. This will ensure that all paths to value creation for the Company are fully and fairly analyzed.

Our nominees are not associated with Kimmeridge, KTG or the March 13 Proposal. Rather, they are highly skilled independent directors, with a commitment to executing their fiduciary duties – not job preservation. They will evaluate all proposals on a comparable basis and make decisions that are in the best interests of all shareholders.

As we move forward, we will continue to be fully transparent with all shareholders and encourage you to review our materials.

It is our hope that the Board reverses course and starts engaging in a constructive dialogue around our value-enhancing proposal.

Thank you,

Ben Dell, Co-Founder and Managing Partner of Kimmeridge

Additional information

Additional information regarding Kimmeridge’s proposal and KTG’s asset base, including SilverBow’s March 28 letter to Kimmeridge, can be found at www.Kimmeridge.com/sbow/.

About Kimmeridge

Founded in 2012 by Ben Dell, Dr. Neil McMahon and Henry Makansi, Kimmeridge is an alternative asset manager focused on the energy sector. The firm is differentiated by its direct investment approach, deep technical knowledge, active portfolio management, proven sustainability track record and proprietary research and data gathering.

Media

Daniel Yunger / Anntal Silver / Emma Cloyd

Kekst CNC
Kekst-KTG@kekstcnc.com

Investors

John Ferguson

Saratoga Proxy Consulting LLC

jferguson@saratogaproxy.com

(212) 257-1311

Cautionary Statement Regarding Forward-Looking Statements

This press release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein in any state to any person. The information herein contains "forward-looking statements". Specific forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and include, without limitation, words such as "may," "will," "expects," "believes," "anticipates," "plans," "estimates," "projects," "potential," "targets," "forecasts," "seeks," "could," "should" or the negative of such terms or other variations on such terms or comparable terminology. Similarly, statements that describe our objectives, plans or goals are forward-looking. Forward-looking statements are subject to various risks and uncertainties and assumptions. There can be no assurance that any idea or assumption herein is, or will be proven, correct or that any of the objectives, plans or goals stated herein will ultimately be undertaken or achieved. If one or more of such risks or uncertainties materialize, or if Kimmeridge underlying assumptions prove to be incorrect, the actual results may vary materially from outcomes indicated by these statements. Accordingly, forward-looking statements should not be regarded as a representation by Kimmeridge that the future plans, estimates or expectations contemplated will ever be achieved.

Important Information

KEF Investments, LP ("KEF Investments"), KEF Fund V Investments, LP ("KEF Fund V"), Kimmeridge Energy Management Company, LLC ("KEMC"), Benjamin Dell, Alexander Inkster, Neda Jafar, Denis Laloy, Noam Lockshin, Henry Makansi, Neil McMahon, Douglas E. Brooks, Carrie M. Fox and Katherine L. Minyard (all of the foregoing, collectively, the "Participants") intend to file a definitive proxy statement and accompanying proxy card (the "Proxy Statement") with the Securities and Exchange Commission (the "SEC") to be used to solicit proxies in connection with the 2024 annual meeting of shareholders (the "Annual Meeting") of SilverBow Resources, Inc. (the "Company"). Shareholders of the Company are advised to read the definitive proxy statement and other documents related to the solicitation of proxies with respect to the Company by the Participants as they become available because they will contain important information. They will be made available at no charge on the SEC's website, https://www.sec.gov/.

KEMC may be deemed to "beneficially own" (within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934) 3,281,356 shares of common stock, par value $0.01 per share, of the Company (the "Common Stock") (including 100 shares held in record name by each of KEF Investments and KEF Fund V). None of the other Participants beneficially own any securities of the Company.

On March 13, 2024, KEMC delivered to the Company's Board a non-binding proposal to merge Kimmeridge Texas Gas, LLC with the Company's existing assets and inject $500M of fresh equity capital in exchange for shares of the combined public company at a price of $34 per share of Common Stock.

Exhibit 2

Kimmeridge Texas Gas Supplemental Data Release April 2024

2 KTG SBOW Key Reports & Capitalization 2023 Audited Financials Will be made available on completion Filed 2/29/2024 Third Party Audited Reserve Report Published here Summary disclosed; full report undisclosed Capital Structure 1 Equity ($MM) $1,100 $884 Net Debt ($MM) $246 $1,221 Enterprise Value ($MM) $1,346 $2,105 Revolving Credit Facility Terms $375MM Total Capacity ($255MM drawn); 9.0% Rate $1,200MM Total Capacity ($722MM drawn); 8.9% Rate Preferred / Other Debt Instrument Terms None EIG 2L $500MM; 13.1% Rate 2024E Financial Metrics at Consensus Pricing ($MM) 2 EBITDA $406 $785 D&C Capex $496 $441 Free Cash Flow ($132) $220 Levered Free Cash Flow ($160) $86 NTM 7/1/2024E Metrics at Consensus Pricing ($MM) 2 EBITDA $497 $790 D&C Capex $463 $485 Free Cash Flow ($12) $176 Levered Free Cash Flow ($42) $45 Production Volumes ( MMcfe /d) Current (as of 3/26/2024) 374 Undisclosed 1Q24 Estimate 314 539 FY 2024E 375 536 2024E Operating Costs & Expenses 3 LOE ($/Mcfe) $0.23 $0.65 GP&T ($/ Mcfe ) $0.36 $0.80 Production Taxes (% of Revenue) 5.8% 6.5% Total Operating Expenses ($/ Mcfe ) $0.80 $1.83 G&A ($MM) $20 $22 Summary Diligence Responses

3 KTG SBOW Gross Remaining Locations 1 Webb 589 168 STS 88 60 W. LaSalle – 28 S. LaSalle - McMullen 68 3 E. McMullen 74 39 N. McMullen - Atascosa – 159 N.E. San Marcos – 96 Karnes – – CHK Acquired – 227 Total Locations 819 780 Well Data Average Undeveloped WI/NRI 92% WI / 69% NRI Undisclosed 2024 Drilling Program: Locations by Type Curve West Retama LEF 2 Undisclosed West Ellen/Retama LEF 4 Undisclosed West SE Ellen/Retama LEF 4 Undisclosed West BFM/AIG LEF 10 Undisclosed West Retama AC 2 Undisclosed West Downdip AC 12 Undisclosed East STS DG LEF 6 Undisclosed East STS WG LEF 3 Undisclosed East Ray Ranch LEF 6 Undisclosed East Ryan Island LEF 2 Undisclosed East Mzyk LEF 6 Undisclosed 2025 Rig Cadence 2.5 - 3 Rigs Undisclosed Midstream Contract Summary To disclose under NDA SBOW have not made available to Kimmeridge Updated Hedge Summary Please see p. 9 Publicly available as of 2/28/2024 Summary Diligence Responses (Cont.) Source: Kimmeridge, public filings, Bloomberg. 1 Reflects Kimmeridge analysis.

4 Based on public data from Enverus, KTG wells compare very favorably on EUR 1 to SBOW wells in 2022 and 2023, even adjusted for a 20:1 oil to gas ratio. This dataset covers wells across all hydrocarbon phase windows. EURe / ft Comp BOE 20:1 (Public Data) EURe / ft Comp BOE 6:1 (Public Data) SBOW and KTG Well Performance Comparison Source: Enverus 1 EUR = Estimated Ultimate Recovery 0 40 80 120 160 200 240 2018 2019 2020 2021 2022 2023 EURe/ft SBOW EURe/ft 6:1 KTG EURe/ft 6:1 0 10 20 30 40 50 60 70 2018 2019 2020 2021 2022 2023 EURe/ft SBOW EURe/ft 20:1 KTG EURe/ft 20:1

5 Based on public data from Enverus and up - to - date internal KTG data , KTG wells clearly compare very favorably to SBOW wells on EUR 1 in 2022 and 2023, even adjusted for a 20:1 oil to gas ratio. This dataset covers wells across all hydrocarbon phase windows. EURe / ft Comp BOE 20:1 (KTG Internal ) EURe / ft Comp BOE 6:1 (KTG Internal ) SBOW and KTG Well Performance Comparison (Cont.) Source: Enverus , KTG internal data 1 EUR = Estimated Ultimate Recovery 0 40 80 120 160 200 240 2018 2019 2020 2021 2022 2023 EURe /ft SBOW EURe/ft 6:1 KTG EURe/ft 6:1 0 10 20 30 40 50 60 70 2018 2019 2020 2021 2022 2023 EURe /ft SBOW EURe/ft 20:1 KTG EURe/ft 20:1 ~26% KTG 2023 private data uplift ~26% KTG 2023 private data uplift

6 KTG has an estimated inventory of 412 Lower Eagle Ford wells and 38 Olmos wells. KTG Eagle Ford and Olmos Inventory Source: Kimmeridge estimates, GeoEdges , Enverus

7 KTG has an estimated inventory of 369 Austin Chalk wells. KTG Austin Chalk Inventory Source: Kimmeridge estimates, GeoEdges , Enverus

8 The combined asset would represent the largest public pure - play Eagle Ford gas operator. KTG and SBOW Acreage Today (March 2024) Source: Enverus, EIA, Kimmeridge. Kimmeridge SBOW Fluid Windows Black Oil Condensate Dry Gas Volatile Oil Wet Gas MEXICO TX NM Texas

9 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 4Q26 (3 months) (3 months) (3 months) (3 months) (3 months) (3 months) (3 months) (3 months) (3 months) (3 months) (3 months) (3 months) NYMEX HH Gas Swaps Gas (MMBtu/d) 74,451 145,000 145,000 65,435 16,889 30,000 30,000 19,891 60,333 70,000 70,000 70,000 Wt. Avg. Price $2.96 $3.08 $3.23 $3.18 $3.16 $3.56 $3.75 $4.01 $4.46 $3.45 $3.68 $4.10 Collars Gas (MMBtu/d) 10,000 10,000 10,000 10,000 50,000 50,000 50,000 50,000 – – – – Wt. Avg. Ceiling $6.19 $6.19 $6.19 $6.19 $4.76 $4.76 $4.76 $4.76 – – – – Wt. Avg. Floor $4.25 $4.25 $4.25 $4.25 $3.50 $3.50 $3.50 $3.50 – – – – HSC Fixed Swaps Gas (MMBtu/d) 82,418 – – 82,880 138,111 125,000 125,000 135,109 239,667 130,000 130,000 130,000 Wt. Avg. Price $3.87 – – $3.61 $4.22 $3.17 $3.43 $3.81 $4.25 $3.73 $3.81 $3.90 NYMEX WTI Oil Swaps Oil (Bbls/d) – 11 11 – 966 900 834 800 – – – – Wt. Avg. Price – $71.85 $71.20 – $71.64 $71.15 $70.24 $70.00 – – – – Collars Oil (Bbls/d) 2,234 1,900 1,701 1,534 – – – – – – – – Wt. Avg. Ceiling $82.88 $79.38 $76.54 $74.21 – – – – – – – – Wt. Avg. Floor $70.00 $70.00 $70.00 $70.00 – – – – – – – – KTG Standalone Hedging Summary Source: Kimmeridge

10 This presentation is for discussion and general informational purposes only and is not meant to be relied upon in making any investment or other decision . The views expressed herein represent the opinions of Kimmeridge Energy Management Company, LLC and its principals and affiliates (“Kimmeridge”) as of the date hereof and are subject to change . In addition, this presentation should not be deemed or construed to constitute an offer to sell or a solicitation of any offer to buy any security described herein in any jurisdiction to any person, nor should it be deemed as investment advice or a recommendation to purchase or sell any specific security . All of the information and data included in this presentation regarding SBOW is based on publicly available information such as financial statements, presentations, press releases and other publicly available information . Kimmeridge principals and employees have performed the analysis and reviews of the such data and information independently . However, it is possible that others could disagree and conduct analysis that leads to different results . We reserve the right to change any of the opinions and views set out in this presentation as we deem appropriate and without any obligation to make market updates or notifications either through public filings or on our or any website . Certain data and analysis presented herein is based on or derived from filings made by SBOW with the U . S . Securities and Exchange Commission (SEC) or other regulatory agencies or from third party reports or analysis and Kimmeridge is not responsible or liable for any information obtained from SEC filings or third parties . The information set out in this presentation has not been prepared or calculated in accordance with U . S . generally accepted accounting principles (GAAP) and has not been audited by an independent registered public accounting firm . There can be no assurance that any of the recommendations proposed by Kimmeridge will actually yield the planned results if implemented either in whole or in part . This presentation and the information set out herein is not intended to predict any particular financial result, trading price or market value of the equity securities of any company including SBOW . The ideas and analysis in this presentation are for informational purposes only and are in no way a guarantee that any particular financial result or performance will be obtained and this information should not be relied upon to indicate as such . This presentation contains ideas, analysis and proposals that are the result of reasonable assumptions used by Kimmeridge as of the date of this presentation . SBOW’s performance, including financial results and share price performance, may differ materially from the estimates and analysis set out in this presentation . The information contained herein reflects projections, market outlooks, assumptions, opinions and estimates made by Kimmeridge as of the date hereof and therefore such information may be deemed to constitute forward - looking statements which are subject to change without notice at any time . Such forward - looking statements may be based on certain assumptions and may involve certain risks and uncertainties, including risks and changes affecting industries generally and SBOW and KTG specifically . Given the inherent uncertainty of projections and forward - looking statements, investors should be aware that actual results may differ materially from the projections and other forward - looking statements contained herein due to reasons that may or may not be foreseeable . While the information presented herein is believed to be reliable, no representation or warranty is made concerning the accuracy of any data presented, the information or views contained herein, nor concerning any forward - looking statements . All registered or unregistered service marks, trademarks and trade names referred to in this presentation are the property of their respective owners, and Kimmeridge’s use herein does not imply an affiliation with, or endorsement by, the owners of these services marks, trademarks and trade names or the goods and services sold or offered by such owners . Kimmeridge is an independent investment advisor, and its opinions in this presentation are not those of SBOW and have not been authorized, sponsored or otherwise approved by SBOW . Important Information KEF Investments, LP (“KEF Investments”), KEF Fund V Investments, LP (“KEF Fund V”), Kimmeridge Energy Management Company, LLC (“ KEMC”), Benjamin Dell, Alexander Inkster, Neda Jafar, Denis Laloy, Noam Lockshin, Henry Makansi, Neil McMahon, Douglas E. Brooks, Carrie M. Fox and Katherine L. Minyard (all of the fore goi ng, collectively, the “Participants”) intend to file a definitive proxy statement and accompanying proxy card (the “Proxy Statement”) with the Securities and Exchange Commission (the “SEC”) to be used to sol ici t proxies in connection with the 2024 annual meeting of shareholders (the “Annual Meeting”) of SilverBow Resources, Inc. (the “Company”). Shareholders of the Company are advised to read the definiti ve proxy statement and other documents related to the solicitation of proxies with respect to the Company by the Participants as they become available because they will contain important information. Th ey will be made available at no charge on the SEC’s website, https://www.sec.gov/ . KEMC may be deemed to “beneficially own” (within the meaning of Rule 13d - 3 under the Securities Exchange Act of 1934) 3,281,356 shares of common stock, par value $0.01 per share, of the Company (the “Common Stock”) (including 100 shares held in record name by each of KEF Investments and KEF Fund V). None of the other Part ici pants beneficially own any securities of the Company. Additionally, on March 13, 2024, KEMC delivered to the Company’s Board of Directors a non - binding proposal to merge Kimmeridge T exas Gas, LLC with the Company’s existing assets and inject $500M of fresh equity capital in exchange for shares of the combined public company at a price of $34 per share of Common Stock. Disclaimer

11 Cautionary Statement Regarding Forward - Looking Statements This presentation does not constitute an offer to sell or solicitation of an offer to buy any of the securities described her ein in any state to any person. The information herein contains “forward - looking statements”. Specific forward - looking statements can be identified by the fact that they do not relate strictly to historical or current facts and include, without limitation, words such as “may,” “will,” “expects,” “believes,” “anticipates,” “plans,” “estimates,” “projects,” “potential,” “targets,” “forecasts,” “seeks,” “could,” “should” or the negative of such terms or other variations on such terms or comparable terminology. Similarly, statements that describe our objectives, plans or goals are forward - looking. Forward - looking statements are subject t o various risks and uncertainties and assumptions. There can be no assurance that any idea or assumption herein is, or will be proven, correct or that any of the objectives, plans or goals stated herein wi ll ultimately be undertaken or achieved. If one or more of such risks or uncertainties materialize, or if Kimmeridge underlying assumptions prove to be incorrect, the actual results may vary materially from outco mes indicated by these statements. Accordingly, forward - looking statements should not be regarded as a representation by Kimmeridge that the future plans, estimates or expectations contemplated will ever be ach ieved. Disclaimer

Exhibit 3

KTG V SBOW Plots

All Assets 1 - S.TX Dry Gas - 20 40 60 80 100 120 140 160 180201820192020202120222023EURe/ftEUR/ft Comp 6:1 (Public)SBOW EURe/ft 6:1KTG EURe/ft 6:1 - 10 20 30 40 50 60201820192020202120222023EURe/ftEUR/ft Comp 20:1 (Public)SBOW EURe/ft 20:1KTG EURe/ft 20:1 - 10 20 30 40 50 6020172018201920202021202220232024IP/ftIP/ft BOE 6:1 (Public)SBOW IP90/ftSBOW IP180/ftSBOW IP360/ftKTG IP90/ftKTG IP180/ftKTG IP360/ft - 2 4 6 8 10 12 14 16 18 2020172018201920202021202220232024IP/ftIP/ft BOE 20:1 (Public)SBOW IP90/ftSBOW IP180/ftSBOW IP360/ftKTG IP90/ftKTG IP180/ftKTG IP360/ft - 50 100 150 200 250201820192020202120222023EURe/ftEUR/ft Comp BOE 6:1 (KTG Internal)SBOW EURe/ft 6:1KTG EURe/ft 6:1 - 10 20 30 40 50 60 70201820192020202120222023EURe/ftEUR/ft Comp BOE 20:1 (KTG Internal)SBOW EURe/ft 20:1KTG EURe/ft 20:1 - 10 20 30 40 50 6020172018201920202021202220232024IP/ftIP/ft BOE 6:1 (KTG Internal)SBOW IP90/ftSBOW IP180/ftSBOW IP360/ftKTG IP90/ftKTG IP180/ftKTG IP360/ft - 2 4 6 8 10 12 14 16 18 2020172018201920202021202220232024IP/ftIP/ft BOE 20:1 (KTG Internal)SBOW IP90/ftSBOW IP180/ftSBOW IP360/ftKTG IP90/ftKTG IP180/ftKTG IP360/ft050100150200250201820192020202120222023EURe/ftEUR/ft Comp 6:1 (Public)SBOW EURe/ft 6:1KTG EURe/ft 6:1010203040506070201820192020202120222023EURe/ftEUR/ft Comp 20:1 (Public)SBOW EURe/ft 20:1KTG EURe/ft 20:101020304050607020172018201920202021202220232024IP/ftIP/ft BOE 6:1 (Public)SBOW IP90/ftSBOW IP180/ftSBOW IP360/ftKTG IP90/ftKTG IP180/ftKTG IP360/ft0246810121416182020172018201920202021202220232024IP/ftIP/ft BOE 20:1 (Public)SBOW IP90/ftSBOW IP180/ftSBOW IP360/ftKTG IP90/ftKTG IP180/ftKTG IP360/ft050100150200250201820192020202120222023EURe/ftEUR/ft Comp BOE 6:1 (KTG Internal)SBOW EURe/ft 6:1KTG EURe/ft 6:1010203040506070201820192020202120222023EURe/ftEUR/ft Comp BOE 20:1 (KTG Internal)SBOW EURe/ft 20:1KTG EURe/ft 20:101020304050607020172018201920202021202220232024IP/ftIP/ft BOE 6:1 (KTG Internal)SBOW IP90/ftSBOW IP180/ftSBOW IP360/ftKTG IP90/ftKTG IP180/ftKTG IP360/ft0246810121416182020172018201920202021202220232024IP/ftIP/ft BOE 20:1 (KTG Internal)SBOW IP90/ftSBOW IP180/ftSBOW IP360/ftKTG IP90/ftKTG IP180/ftKTG IP360/ft

Maps Comparison Decoder

Comparison Area1 - S.TX Dry Gas2 - Atascosa & Karnes Oil3 - McMullen & La Salle Condensate / Wet Gas4 - McMullen & La Salle Dry Gas

Metric Summary

All AssetsSBOW Median (Public)YearWell CountEURe/ft 6:1 (boe/ft)EURe/ft 20:1 (boe/ft)IP90 6:1 per ft (boe/ft)IP180 per ft 6:1 (boe/ft)IP360 per ft 6:1 (boe/ft)IP90 20:1 per ft (boe/ft)IP180 per ft 20:1 (boe/ft)IP360 per ft 20:1 (boe/ft)201813389497132259142019958250916255101620204349347132048122021439248111927510162022591184991829591520235370467131951018All4368848815255915KTG Median (Public)YearWell CountEURe/ft 6:1 (boe/ft)EURe/ft 20:1 (boe/ft)IP90 6:1 per ft (boe/ft)IP180 per ft 6:1 (boe/ft)IP360 per ft 6:1 (boe/ft)IP90 20:1 per ft (boe/ft)IP180 per ft 20:1 (boe/ft)IP360 per ft 20:1 (boe/ft)20180201902020020210202244144511631526111720231516349122748KTG Median (KTG Internal)YearWell CountEURe/ft 6:1 (boe/ft)EURe/ft 20:1 (boe/ft)IP90 6:1 per ft (boe/ft)IP180 per ft 6:1 (boe/ft)IP360 per ft 6:1 (boe/ft)IP90 20:1 per ft (boe/ft)IP180 per ft 20:1 (boe/ft)IP360 per ft 20:1 (boe/ft)20180201902020020210202244192661834537121820232120662173059Dynamic Comparison*NAs are intentional to avoid plotting where data is absent*Comparison AreaFlag1 - S.TX Dry Gas1SBOW Median (Public)YearWell CountEURe/ft 6:1 (boe/ft)EURe/ft 20:1 (boe/ft)IP90 6:1 per ft (boe/ft)IP180 per ft 6:1 (boe/ft)IP360 per ft 6:1 (boe/ft)IP90 20:1 per ft (boe/ft)IP180 per ft 20:1 (boe/ft)IP360 per ft 20:1 (boe/ft)2018231875616304859142019171805415335351016202072086221365561116202112196591733555101720222222267152649481520234#N/A#N/A13#N/A#N/A4#N/A#N/AAll85188561530535916KTG Median (Public)YearWell CountEURe/ft 6:1 (boe/ft)EURe/ft 20:1 (boe/ft)IP90 6:1 per ft (boe/ft)IP180 per ft 6:1 (boe/ft)IP360 per ft 6:1 (boe/ft)IP90 20:1 per ft (boe/ft)IP180 per ft 20:1 (boe/ft)IP360 per ft 20:1 (boe/ft)20180#N/A#N/A#N/A#N/A#N/A#N/A#N/A#N/A20190#N/A#N/A#N/A#N/A#N/A#N/A#N/A#N/A20200#N/A#N/A#N/A#N/A#N/A#N/A#N/A#N/A20210#N/A#N/A#N/A#N/A#N/A#N/A#N/A#N/A2022191564718365751117202312208621227#N/A48#N/AKTG Median (KTG Internal)YearWell CountEURe/ft 6:1 (boe/ft)EURe/ft 20:1 (boe/ft)IP90 6:1 per ft (boe/ft)IP180 per ft 6:1 (boe/ft)IP360 per ft 6:1 (boe/ft)IP90 20:1 per ft (boe/ft)IP180 per ft 20:1 (boe/ft)IP360 per ft 20:1 (boe/ft)20180#N/A#N/A#N/A#N/A#N/A#N/A#N/A#N/A20190#N/A#N/A#N/A#N/A#N/A#N/A#N/A#N/A20200#N/A#N/A#N/A#N/A#N/A#N/A#N/A#N/A20210#N/A#N/A#N/A#N/A#N/A#N/A#N/A#N/A2022192206623406171218202317207621931#N/A69#N/A

Maps

SBOW 2018+KTG 2022+

Wells Intersect for Comp. Areas

API

Well Name

State

County

Enverus Operator

COMPARRISON AREA

PHASE WINDOW

KIMMERIDGE TC AREA

API 10

Comparison Area

42479438720000

OCHO MDL A 1H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943872

1 - S.TX Dry Gas

42479438729000

OCHO MDL A 1H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943872

2 - Atascosa & Karnes Oil

42283363220000

CRESCENT C RANCH A 1H

LA SALLE

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4228336322

3 - McMullen & La Salle Condensate / Wet Gas

42283363229000

CRESCENT C RANCH A 1H

LA SALLE

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4228336322

4 - McMullen & La Salle Dry Gas

42283363220100

CRESCENT C RANCH A 1H

LA SALLE

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4228336322

42479440070000

FASKEN STATE 72H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944007

42479441410000

FASKEN STATE 117H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944141

42479442210000

LA MESA RANCH 103H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944221

42479442610000

LA MESA RANCH 6H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944261

42479442660000

LA MESA RANCH 104H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944266

42479444500000

FASKEN STATE 201H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944450

42479444550000

RIO BRAVO EF 7H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944455

42479444650000

RIO BRAVO STATE 202H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944465

42479445350000

LA MESA RANCH 203H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944535

42479445290000

LA MESA RANCH 111H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944529

42479445660000

REUTHINGER 120H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944566

42479446930000

FASKEN STATE 202H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944693

42479447080000

REUTHINGER 106H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944708

42479447060000

FASKEN STATE 207H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944706

42479447160000

FASKEN STATE 204H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944716

42479447740000

FASKEN STATE 214H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944774

42479448310000

HUISACHE E A 114H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944831

42479449220000

REUTHINGER 327H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944922

42479438240000

FASKEN STATE 105H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943824

42479443850000

RIO BRAVO EF 6H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944385

42479444560000

RIO BRAVO EF 105H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944456

42479447620000

FASKEN STATE 120H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944762

42479438230000

FASKEN STATE 66H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943823

42479438820000

FASKEN STATE 70H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943882

42479438850000

FASKEN STATE 109H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943885

42479439830000

RIO BRAVO STATE EF 2H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943983

42479439870000

FASKEN STATE 110H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943987

42479440090000

FASKEN STATE 75H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944009

42479440360000

RIO BRAVO STATE EF C 102H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944036

42479441400000

FASKEN STATE 116H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944140

42479442620000

LA MESA RANCH 106H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944262

42479442650000

LA MESA RANCH 4H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944265

42479445340000

LA MESA RANCH 202H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944534

42479445310000

LA MESA RANCH 112H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944531

42479445490000

RETAMA RANCH 425H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944549

42479445640000

ELLEN C. 125H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944564

42479445690000

ELLEN C. 403H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944569

42479446500000

SAN ROMAN RANCH 201H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944650

42479447070000

REUTHINGER R105H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944707

42479447590000

FASKEN STATE 208H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944759

42479447600000

FASKEN STATE 209H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944760

42479447690000

FASKEN STATE 211H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944769

42479447730000

NEEDMORE-SCIBIENSKI 401H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944773

42479448320000

HUISACHE E B 115H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944832

42479448510000

ELLEN C. 104H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944851

42479441380000

SAN ROMAN 6H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944138

42479443880000

RIO BRAVO STATE 201H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944388

42479445280000

LA MESA RANCH 10H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944528

42479445370000

NEEDMORE-SCIBIENSKI C 120H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944537

42479448110000

REUTHINGER 128H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944811

42479438220000

FASKEN STATE 65H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943822

42479438730000

OCHO MDL A 2H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943873

42479439890000

FASKEN STATE 112H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943989

42479439910000

RIO BRAVO STATE EF A 1H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943991

42479440080000

FASKEN STATE 73H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944008

42479440370000

RIO BRAVO STATE EF B 4H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944037

42479440379000

RIO BRAVO STATE EF B 4H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944037

42479441020000

RIO BRAVO STATE EF D 5H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944102

42479442630000

LA MESA RANCH 5H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944263

42479445320000

LA MESA RANCH 12H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944532

42479445360000

NEEDMORE-SCIBIENSKI B 107H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944536

42479446030000

BFM-AIG A 104H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944603

42479446950000

FASKEN STATE 119H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944695

42479447650000

NEEDMORE 418H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944765

42479447650100

NEEDMORE 418H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944765

42479447710000

NEEDMORE 419H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944771

42479447720000

FASKEN STATE 213H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944772

42479439880000

FASKEN STATE 111H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943988

42479445300000

LA MESA RANCH 11H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944530

42479438210000

FASKEN STATE 103H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943821

42479438830000

FASKEN STATE 107H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943883

42479438840000

FASKEN STATE 108H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943884

42479438860000

FASKEN STATE 68H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943886

42283363230000

CRESCENT C RANCH A 2H

LA SALLE

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4228336323

42283363230100

CRESCENT C RANCH A 2H

LA SALLE

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4228336323

42479439840000

RIO BRAVO STATE EF 101H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943984

42283364190000

ASCHE A 1H

LA SALLE

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4228336419

42283364199000

ASCHE A 1H

LA SALLE

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4228336419

42479441330000

SAN ROMAN 1H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944133

42479441339000

SAN ROMAN 1H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944133

42479441370000

SAN ROMAN 5H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944137

42479442070000

LA MESA RANCH 2H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944207

42479442220000

LA MESA RANCH 3H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944222

42479445960000

HUISACHE W 121H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944596

42479445960100

HUISACHE W 121H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944596

42479446010000

ATLANTIC INLAND GROUP 110H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944601

42479446010100

ATLANTIC INLAND GROUP 110H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944601

42479446940000

FASKEN STATE 203H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944694

42479447040000

FASKEN STATE 205H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944704

42479447050000

FASKEN STATE 206H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944705

42479448100000

REUTHINGER 127H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944810

42479448500000

ELLEN C. 103H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944850

42479445670000

REUTHINGER 121H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944567

42479445650000

ELLEN C. 126H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944565

42479438250000

FASKEN STATE 67H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943825

42479439860000

FASKEN STATE 71H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943986

42479440350000

RIO BRAVO STATE EF A 3H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944035

42479441340000

SAN ROMAN 2H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944134

42479442150000

LA MESA RANCH 1H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944215

42479444860000

ELLEN C. 121H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944486

42479444980000

ELLEN C. 120H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944498

42479445330000

LA MESA RANCH 201H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944533

42479445480000

RETAMA RANCH 424H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944548

42479445680000

ELLEN C. 402H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944568

42479446000000

ATLANTIC INLAND GROUP 109H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944600

42479447610000

FASKEN STATE 210H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944761

42479447700000

FASKEN STATE 212H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944770

42479448080000

REUTHINGER 126H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944808

42479448080100

REUTHINGER 126H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944808

42479438280000

FASKEN STATE 104H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943828

42479441350000

SAN ROMAN 3H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944135

42479441420000

FASKEN STATE 118H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944142

42479445270000

LA MESA RANCH 110H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944527

42479438870000

FASKEN STATE 69H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247943887

42479441360000

SAN ROMAN 4H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944136

42479442080000

LA MESA RANCH 102H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944208

42479442640000

LA MESA RANCH 105H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944264

42479445530000

RETAMA RANCH 110H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944553

42479445950000

HUISACHE W 120H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944595

42479446040000

BFM-AIG B 105H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944604

42479446040100

BFM-AIG B 105H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944604

42479449210000

REUTHINGER 428H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944921

42283364210000

ASCHE A 2H

LA SALLE

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4228336421

42479442160000

LA MESA RANCH 101H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944216

42479445520000

RETAMA RANCH 109H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944552

42479446490000

SAN ROMAN RANCH 1H

WEBB

SILVERBOW RESOURCES

1 - S.TX Dry Gas

Dry Gas

4247944649

42479447170000

RETAMA RANCH 108H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944717

42479447800000

RETAMA RANCH 107H

WEBB

KIMMERIDGE TEXAS GAS, LLC

1 - S.TX Dry Gas

Dry Gas

4247944780

42013357420000

JUSTIN TOM 01 E 08H

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335742

42255373590000

RJ MOCZYGEMBA 102H

KARNES

KIMMERIDGE TEXAS GAS, LLC

2 - Atascosa & Karnes Oil

Black Oil

4225537359

42255373910000

AVERLY LFU 6H

KARNES

KIMMERIDGE TEXAS GAS, LLC

2 - Atascosa & Karnes Oil

Black Oil

4225537391

42013359320000

EDMUND TOM 02 08H

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335932

42013359730000

WYE-WARREN C 04H

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335973

42255373880000

AVERLY 7H

KARNES

KIMMERIDGE TEXAS GAS, LLC

2 - Atascosa & Karnes Oil

Black Oil

4225537388

42255374110000

APOLLO UNIT 1017H

KARNES

KIMMERIDGE TEXAS GAS, LLC

2 - Atascosa & Karnes Oil

Black Oil

4225537411

42013359310000

EDMUND TOM 02 07H

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335931

42255373530000

RJ MOCZYGEMBA 101H

KARNES

KIMMERIDGE TEXAS GAS, LLC

2 - Atascosa & Karnes Oil

Black Oil

4225537353

42255373920000

AVERLY LFU 4H

KARNES

KIMMERIDGE TEXAS GAS, LLC

2 - Atascosa & Karnes Oil

Black Oil

4225537392

42013359290000

EDMUND TOM 02 05H

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335929

42013359750000

WYE-WARREN A 02H

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335975

42013354900000

MCCARTY RANCH C 613H

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335490

42013355100000

MCCARTY RANCH A 204H

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335510

42013355270000

NWR WEST D 513H

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335527

42013355840000

JUSTIN TOM 01 E 05H

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335584

42013355490000

PEELER RANCH EFS 8HC

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335549

42013359300000

EDMUND TOM 02 06H

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335930

42013355110000

MCCARTY RANCH B 205H

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335511

42013355850000

JUSTIN TOM 01 E 06H

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335585

42013357430000

JUSTIN TOM 01 E 09H

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335743

42255373890000

AVERLY 105H

KARNES

KIMMERIDGE TEXAS GAS, LLC

2 - Atascosa & Karnes Oil

Black Oil

4225537389

42255374120000

APOLLO UNIT 1018H

KARNES

KIMMERIDGE TEXAS GAS, LLC

2 - Atascosa & Karnes Oil

Black Oil

4225537412

42013354910000

MCCARTY RANCH C 614H

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335491

42013355260000

NWR WEST C 512H

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335526

42013357880000

LAGUNILLAS CAMP 1205H

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335788

42013355550000

PEELER RANCH EFS 9HC

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335555

42013357780000

LAGUNILLAS CAMP 1204H

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335778

42255373900000

AVERLY LFU 108H

KARNES

KIMMERIDGE TEXAS GAS, LLC

2 - Atascosa & Karnes Oil

Black Oil

4225537390

42013359330000

EDMUND TOM 02 04H

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335933

42013359740000

WYE-WARREN B 03H

ATASCOSA

SILVERBOW RESOURCES

2 - Atascosa & Karnes Oil

Black Oil

4201335974

42311372420000

STS SOUTH 14H

MCMULLEN

KIMMERIDGE TEXAS GAS, LLC

3 - McMullen & La Salle Condensate / Wet Gas

Wet Gas

4231137242

42311372750000

STS AW C 5605H

MCMULLEN

KIMMERIDGE TEXAS GAS, LLC

3 - McMullen & La Salle Condensate / Wet Gas

Wet Gas

4231137275

42311373450000

DW SP3 AW 1H

MCMULLEN

KIMMERIDGE TEXAS GAS, LLC

3 - McMullen & La Salle Condensate / Wet Gas

Wet Gas

4231137345

42283365130000

SR ALTUVE 27H

LA SALLE

SILVERBOW RESOURCES

3 - McMullen & La Salle Condensate / Wet Gas

Dry Gas

4228336513

42311372300000

DONNELL-WHIPPLE 1H

MCMULLEN

KIMMERIDGE TEXAS GAS, LLC

3 - McMullen & La Salle Condensate / Wet Gas

Wet Gas

4231137230

42311372740000

STS AW B 4605H

MCMULLEN

KIMMERIDGE TEXAS GAS, LLC

3 - McMullen & La Salle Condensate / Wet Gas

Wet Gas

4231137274

42311373050000

STS SOUTH 18H

MCMULLEN

KIMMERIDGE TEXAS GAS, LLC

3 - McMullen & La Salle Condensate / Wet Gas

Dry Gas

4231137305

42283365110000

SR BREGMAN 2H

LA SALLE

SILVERBOW RESOURCES

3 - McMullen & La Salle Condensate / Wet Gas

Dry Gas

4228336511

42311371590000

STS H SOUTH 1H

MCMULLEN

KIMMERIDGE TEXAS GAS, LLC

3 - McMullen & La Salle Condensate / Wet Gas

Dry Gas

4231137159

42311371860000

OTTO-WHIPPLE 1H

MCMULLEN

KIMMERIDGE TEXAS GAS, LLC

3 - McMullen & La Salle Condensate / Wet Gas

Dry Gas

4231137186

42311371920000

OTTO UNIT 1H

MCMULLEN

SILVERBOW RESOURCES

3 - McMullen & La Salle Condensate / Wet Gas

Dry Gas

4231137192

42311372310000

DONNELL-WHIPPLE 2H

MCMULLEN

KIMMERIDGE TEXAS GAS, LLC

3 - McMullen & La Salle Condensate / Wet Gas

Wet Gas

4231137231

42311372430000

STS SOUTH 16H

MCMULLEN

KIMMERIDGE TEXAS GAS, LLC

3 - McMullen & La Salle Condensate / Wet Gas

Wet Gas

4231137243

42311371870000

OTTO-WHIPPLE 2H

MCMULLEN

KIMMERIDGE TEXAS GAS, LLC

3 - McMullen & La Salle Condensate / Wet Gas

Dry Gas

4231137187

42311372320000

DONNELL-WHIPPLE 3H

MCMULLEN

KIMMERIDGE TEXAS GAS, LLC

3 - McMullen & La Salle Condensate / Wet Gas

Wet Gas

4231137232

42283372080000

SP5 2027H

LA SALLE

KIMMERIDGE TEXAS GAS, LLC

3 - McMullen & La Salle Condensate / Wet Gas

Dry Gas

4228337208

42311371600000

STS H SOUTH 2H

MCMULLEN

KIMMERIDGE TEXAS GAS, LLC

3 - McMullen & La Salle Condensate / Wet Gas

Dry Gas

4231137160

42283372090000

SP5 3027H

LA SALLE

KIMMERIDGE TEXAS GAS, LLC

3 - McMullen & La Salle Condensate / Wet Gas

Dry Gas

4228337209

42311373730000

OTTO-WHIPPLE 3H UNIT 3H

MCMULLEN

KIMMERIDGE TEXAS GAS, LLC

3 - McMullen & La Salle Condensate / Wet Gas

Dry Gas

4231137373

42311373740000

OTTO-WHIPPLE 4H UNIT 4H

MCMULLEN

KIMMERIDGE TEXAS GAS, LLC

3 - McMullen & La Salle Condensate / Wet Gas

Dry Gas

4231137374

42311373040000

STS SOUTH 17H

MCMULLEN

KIMMERIDGE TEXAS GAS, LLC

3 - McMullen & La Salle Condensate / Wet Gas

Dry Gas

4231137304

42283363510000

NMC EF 5H

LA SALLE

SILVERBOW RESOURCES

4 - McMullen & La Salle Dry Gas

Dry Gas

4228336351

42283363520000

NMC EF 6H

LA SALLE

SILVERBOW RESOURCES

4 - McMullen & La Salle Dry Gas

Dry Gas

4228336352

42311371610000

STS H SOUTH 3H

MCMULLEN

KIMMERIDGE TEXAS GAS, LLC

4 - McMullen & La Salle Dry Gas

Dry Gas

4231137161

42283362100000

NMC EF 3H

LA SALLE

SILVERBOW RESOURCES

4 - McMullen & La Salle Dry Gas

Dry Gas

4228336210

42283362110000

NMC EF 4H

LA SALLE

SILVERBOW RESOURCES

4 - McMullen & La Salle Dry Gas

Dry Gas

4228336211

42283371010000

STS 'A' 23H

LA SALLE

SILVERBOW RESOURCES

4 - McMullen & La Salle Dry Gas

Dry Gas

4228337101

42311368080000

LARRY MILES 2H

MCMULLEN

SILVERBOW RESOURCES

4 - McMullen & La Salle Dry Gas

Dry Gas

4231136808

42283370980000

STS 'A' 24H

LA SALLE

SILVERBOW RESOURCES

4 - McMullen & La Salle Dry Gas

Dry Gas

4228337098

42283370260000

STS 'A' STATE UNIT 20H

LA SALLE

SILVERBOW RESOURCES

4 - McMullen & La Salle Dry Gas

Dry Gas

4228337026

42283362620000

NUECES A 1H

LA SALLE

SILVERBOW RESOURCES

4 - McMullen & La Salle Dry Gas

Dry Gas

4228336262

42283362629000

NUECES A 1H

LA SALLE

SILVERBOW RESOURCES

4 - McMullen & La Salle Dry Gas

Dry Gas

4228336262

42311369720000

NMC EF 10H

MCMULLEN

SILVERBOW RESOURCES

4 - McMullen & La Salle Dry Gas

Dry Gas

4231136972

42311369729000

NMC EF 10H

MCMULLEN

SILVERBOW RESOURCES

4 - McMullen & La Salle Dry Gas

Dry Gas

4231136972

42283362630000

NUECES A 2H

LA SALLE

SILVERBOW RESOURCES

4 - McMullen & La Salle Dry Gas

Dry Gas

4228336263

42311368600000

NMC EF 7H

MCMULLEN

SILVERBOW RESOURCES

4 - McMullen & La Salle Dry Gas

Dry Gas

4231136860

42283370700000

STS 'A' 21H

LA SALLE

SILVERBOW RESOURCES

4 - McMullen & La Salle Dry Gas

Dry Gas

4228337070

42283371630000

STS 'A' 25H

LA SALLE

SILVERBOW RESOURCES

4 - McMullen & La Salle Dry Gas

Dry Gas

4228337163

42311359190000

SAN MIGUEL RANCH EF 19H

MCMULLEN

SILVERBOW RESOURCES

Black Oil

4231135919

42479420550000

GATES 010 CHK-A TR3 J 3H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247942055

42127374350000

FAITH-SAN PEDRO D 3H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737435

42127376800000

FAITH TORO V UNIT DIM E 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737680

42127376900000

FAITH TORO DIM D 5H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737690

42127376910000

FAITH TORO DIM D 6H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737691

42127377120000

FAITH TORO U UNIT DIM I 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737712

42311368050000

ALLEN MCM 2HA

MCMULLEN

SILVERBOW RESOURCES

Volatile Oil

4231136805

42127377550000

FAITH TORO N UNIT DIM B 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737755

42311368090000

SR RYAN UNIT 1H

MCMULLEN

SILVERBOW RESOURCES

Dry Gas

4231136809

42311368150000

BRACKEN EF 25H

MCMULLEN

SILVERBOW RESOURCES

Dry Gas

4231136815

42123345790000

HOERMANN UNIT 4H

DEWITT

SILVERBOW RESOURCES

Condensate

4212334579

42479439500000

PGE DOS U 1H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247943950

42297359640000

SR SCHULZ UNIT 1H

LIVE OAK

SILVERBOW RESOURCES

Dry Gas

4229735964

42297359660000

H. HARLAN BETHUNE 01 E 23H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735966

42297359710000

ROY ESSE 01 E 18H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735971

42123347280000

LOOS UNIT 9H

DEWITT

SILVERBOW RESOURCES

Condensate

4212334728

42479440880000

PGE BROWNE O 3H

WEBB

SILVERBOW RESOURCES

Condensate

4247944088

42479440950000

PGE BROWNE R 3H

WEBB

SILVERBOW RESOURCES

Condensate

4247944095

42479440980000

PGE BROWNE R 6H

WEBB

SILVERBOW RESOURCES

Condensate

4247944098

42311369300000

BRACKEN EF C 31H

MCMULLEN

SILVERBOW RESOURCES

Dry Gas

4231136930

42479440990000

PGE BROWNE R 7H

WEBB

SILVERBOW RESOURCES

Condensate

4247944099

42297360090000

H. HARLAN BETHUNE 01 E 15H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736009

42283367190000

BRIGGS EF 3H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228336719

42311369410000

SAN MIGUEL RANCH EF 23H

MCMULLEN

SILVERBOW RESOURCES

Black Oil

4231136941

42283368090000

BRIGGS-KNOLLE EF A 1H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228336809

42283368090100

BRIGGS-KNOLLE EF A 1H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228336809

42283369010000

BRIGGS-KNOLLE EF B 2H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228336901

42311370330000

NBR EF 6H

MCMULLEN

SILVERBOW RESOURCES

Volatile Oil

4231137033

42311370730000

SAN MIGUEL RANCH EF B 25H

MCMULLEN

SILVERBOW RESOURCES

Black Oil

4231137073

42311370740000

SAN MIGUEL RANCH EF C 26H

MCMULLEN

SILVERBOW RESOURCES

Black Oil

4231137074

42311370810000

KUYKENDALL UNIT 6H

MCMULLEN

SILVERBOW RESOURCES

Black Oil

4231137081

42311370870000

DISCHER EF A 9H

MCMULLEN

SILVERBOW RESOURCES

Volatile Oil

4231137087

42479443020000

PGE DOS Z 2H

WEBB

SILVERBOW RESOURCES

Condensate

4247944302

42479443029000

PGE DOS Z 2H

WEBB

SILVERBOW RESOURCES

Condensate

4247944302

42283370890000

ARN EF 11H

LA SALLE

SILVERBOW RESOURCES

Wet Gas

4228337089

42297361580000

CHAPMAN ESSE PSA E D 24H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736158

42127384130000

FAITH YANA G UNIT D 7H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212738413

42127384139000

FAITH YANA G UNIT D 7H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212738413

42283371950000

EVANS-TX OSAGE EF UNIT 3H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228337195

42479446630000

PGE BROWNE H 12H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944663

42311372520000

MULHOLLAND EF 1H

MCMULLEN

SILVERBOW RESOURCES

Volatile Oil

4231137252

42479448680000

PGE BROWNE S 6H

WEBB

SILVERBOW RESOURCES

Condensate

4247944868

42283373830000

EVANS EF 8H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228337383

42123352430000

HOERMANN-KOLM 1H

DEWITT

SILVERBOW RESOURCES

Volatile Oil

4212335243

42297363110000

JAMES KEITH ESSE 01 14H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736311

42297363120000

JAMES KEITH ESSE 01 15H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736312

42479449110000

GATES 010 CHK-B TR1 G 11H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944911

42297363380000

SOUTH TEXAS CHILDREN'S HOME 01 10H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736338

42297359270000

H. HARLAN BETHUNE 01 E 27H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735927

42123349060000

LOOS UNIT 11L

DEWITT

SILVERBOW RESOURCES

Condensate

4212334906

42123349340000

JANAK UNIT 7L

DEWITT

SILVERBOW RESOURCES

Condensate

4212334934

42283370530000

BRIGGS-KNOLLE EF F 6H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228337053

42311371450000

NBR EF 9H

MCMULLEN

SILVERBOW RESOURCES

Volatile Oil

4231137145

42479445900000

PGE DOS K 1H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944590

42311372530000

MULHOLLAND EF 2H

MCMULLEN

SILVERBOW RESOURCES

Volatile Oil

4231137253

42283373820000

EVANS EF 4H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228337382

42479448730000

PGE BROWNE S 3H

WEBB

SILVERBOW RESOURCES

Condensate

4247944873

42123352780000

HOERMANN-LANGHOFF B 1H

DEWITT

SILVERBOW RESOURCES

Condensate

4212335278

42123352800000

HOERMANN-LANGHOFF B 201H

DEWITT

SILVERBOW RESOURCES

Condensate

4212335280

42123352800100

HOERMANN-LANGHOFF B 201H

DEWITT

SILVERBOW RESOURCES

Condensate

4212335280

42127374450000

FAITH-SAN PEDRO P 2H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737445

42127374480000

FAITH-SAN PEDRO H 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737448

42311367860000

PALOMA RANCH EFS 7H

MCMULLEN

SILVERBOW RESOURCES

Condensate

4231136786

42127376970000

FAITH TORO S UNIT DIM D 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737697

42311368040000

ALLEN MCM 1HA

MCMULLEN

SILVERBOW RESOURCES

Volatile Oil

4231136804

42127377540000

FAITH TORO M UNIT DIM B 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737754

42479439510000

PGE DOS U 2H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247943951

42479439519000

PGE DOS U 2H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247943951

42297359230000

GKT-COLLINS EF UNIT 1H

LIVE OAK

SILVERBOW RESOURCES

Dry Gas

4229735923

42479439650000

GATES 010 CHK-B TR 1 R 1H

WEBB

SILVERBOW RESOURCES

Condensate

4247943965

42149334580100

KAINER UNIT 1H

FAYETTE

SILVERBOW RESOURCES

Black Oil

4214933458

42149334620000

OHNHEISER UNIT 1H

FAYETTE

SILVERBOW RESOURCES

Black Oil

4214933462

42311368680000

HOSKINS EFS 20H

MCMULLEN

SILVERBOW RESOURCES

Volatile Oil

4231136868

42479440970000

PGE BROWNE R 5H

WEBB

SILVERBOW RESOURCES

Condensate

4247944097

42297359950000

H. T. CHAPMAN 01 E 11H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735995

42297360120000

H. HARLAN BETHUNE 01 E 18H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736012

42127382230000

FAITH-SANDY M 3H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212738223

42123349070000

LOOS UNIT 12L

DEWITT

SILVERBOW RESOURCES

Condensate

4212334907

42311370290000

NBR EF 5H

MCMULLEN

SILVERBOW RESOURCES

Volatile Oil

4231137029

42297360630000

H. HARLAN BETHUNE 01 E 32H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736063

42297360650000

H. HARLAN BETHUNE 01 E 30H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736065

42297360660000

H. HARLAN BETHUNE 01 E 29H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736066

42311370720000

SAN MIGUEL RANCH EF A 24H

MCMULLEN

SILVERBOW RESOURCES

Black Oil

4231137072

42123349630000

LANGHOFF UNIT A 9L

DEWITT

SILVERBOW RESOURCES

Condensate

4212334963

42479443010000

PGE DOS Z 1H

WEBB

SILVERBOW RESOURCES

Condensate

4247944301

42479443030000

PGE DOS Z 3H

WEBB

SILVERBOW RESOURCES

Condensate

4247944303

42283370860000

BRIGGS-KNOLLE EF G 7H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228337086

42283370900000

ARN EF 12H

LA SALLE

SILVERBOW RESOURCES

Wet Gas

4228337090

42297361400000

ROY ESSE PSA E 19H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736140

42297361410000

CHAPMAN ESSE PSA E 20H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736141

42297361430000

CHAPMAN ESSE PSA E A 21H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736143

42479446080000

GATES 010 CHK-A TR3 O 1H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944608

42479446089000

GATES 010 CHK-A TR3 O 1H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944608

42283372970000

ARN EF A 13H

LA SALLE

SILVERBOW RESOURCES

Wet Gas

4228337297

42127386580000

FAITH-YANA J UNIT R 3H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212738658

42479449120000

GATES 010 CHK-B TR1 12H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944912

42311373790000

TEAL-HOSKINS EF F 7H

MCMULLEN

SILVERBOW RESOURCES

Black Oil

4231137379

42311358540000

PC-Q EF 19H

MCMULLEN

SILVERBOW RESOURCES

Volatile Oil

4231135854

42479439630000

GATES 010 CHK-B TR 1 P 2H

WEBB

SILVERBOW RESOURCES

Condensate

4247943963

42479439660000

GATES 010 CHK-B TR 1 R 2H

WEBB

SILVERBOW RESOURCES

Condensate

4247943966

42479439670000

GATES 010 CHK-B TR 1 R 3H

WEBB

SILVERBOW RESOURCES

Condensate

4247943967

42123346670000

LANGHOFF UNIT B 701

DEWITT

SILVERBOW RESOURCES

Condensate

4212334667

42283366320000

EVANS TX OSAGE EF A 21H

LA SALLE

SILVERBOW RESOURCES

Wet Gas

4228336632

42283368350000

STS A - 1391 19H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228336835

42283370880000

ARN EF 10H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228337088

42311359230000

SAN MIGUEL RANCH EF 21H

MCMULLEN

SILVERBOW RESOURCES

Black Oil

4231135923

42127374420000

FAITH-SAN PEDRO O 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737442

42127374780000

FAITH-SAN PEDRO I 4H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737478

42127376940000

FAITH TORO P UNIT DIM D 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737694

42127376960000

FAITH TORO R UNIT DIM D 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737696

42127377070000

FAITH-SAN PEDRO A 3H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737707

42127377340000

FAITH TORO DIM B 3H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737734

42479439540000

PGE DOS U 5H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247943954

42297359250000

H. HARLAN BETHUNE 01 E 25H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735925

42283364500000

EVANS EF 14H 14H

LA SALLE

SILVERBOW RESOURCES

Wet Gas

4228336450

42283364500100

EVANS EF 14H 14H

LA SALLE

SILVERBOW RESOURCES

Wet Gas

4228336450

42297359650000

H. HARLAN BETHUNE 01 E 22H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735965

42283365090000

KNOLLE RANCH EF 1H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228336509

42283366310000

EVANS EF A 24H

LA SALLE

SILVERBOW RESOURCES

Wet Gas

4228336631

42297360010000

GEORGIA BUCK 01 E 03H

LIVE OAK

SILVERBOW RESOURCES

Black Oil

4229736001

42297360020000

GEORGIA BUCK 01 E 10H

LIVE OAK

SILVERBOW RESOURCES

Black Oil

4229736002

42123347750000

GERDES UNIT 6H

DEWITT

SILVERBOW RESOURCES

Condensate

4212334775

42283368130000

WASHBURN RANCH 02 E 65H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228336813

42127382270000

FAITH-SANDY E UNIT S 4H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212738227

42127382280000

FAITH-SAN PEDRO M UNIT D 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212738228

42127382280100

FAITH-SAN PEDRO M UNIT D 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212738228

42127382410000

FAITH-SAN PEDRO G UNIT I 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212738241

42479442970000

GATES 010 CHK-B 1286 G 1H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944297

42479442990000

GATES 010 CHK-B 1286 G 3H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944299

42479443040000

PGE DOS Z 4H

WEBB

SILVERBOW RESOURCES

Condensate

4247944304

42479443050000

PGE DOS Z 5H

WEBB

SILVERBOW RESOURCES

Condensate

4247944305

42479443060000

PGE DOS Z 6H

WEBB

SILVERBOW RESOURCES

Condensate

4247944306

42283370840000

BRIGGS-KNOLLE EF D 4H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228337084

42283370850000

BRIGGS-KNOLLE EF E 5H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228337085

42479445880000

PGE DOS N 2H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944588

42479445890000

PGE DOS N 3H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944589

42479445910000

PGE DOS K 2H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944591

42297362300000

BETHUNE STCH PSA E C 14H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736230

42479446610000

PGE BROWNE H 10H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944661

42311372540000

MULHOLLAND EF 3H

MCMULLEN

SILVERBOW RESOURCES

Volatile Oil

4231137254

42479448670000

PGE BROWNE S 5H

WEBB

SILVERBOW RESOURCES

Condensate

4247944867

42127386480000

FAITH-YANA H UNIT R 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212738648

42479448720000

GATES 010 CHK-B 1286 W 1H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944872

42479449130000

GATES 010 CHK-B TR1 13H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944913

42297363430000

GUY PHILLIP WRIGHT 01 09H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736343

42479449310000

PGE BROWNE S 11H

WEBB

SILVERBOW RESOURCES

Condensate

4247944931

42297363520000

BETHUNE-STCH E 11H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736352

42297363680000

STCH-IDYLWOOD A 1H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736368

42297363700000

STCH-IDYLWOOD C 3H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736370

42127349220000

FAITH TORO D UNIT DIM B 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212734922

42127374430000

FAITH-SAN PEDRO O 2H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737443

42127374470000

FAITH-SAN PEDRO P 4H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737447

42123347320000

GERDES UNIT 5H

DEWITT

SILVERBOW RESOURCES

Condensate

4212334732

42283367170000

BRIGGS EF 1H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228336717

42311369400000

SAN MIGUEL RANCH EF 22H

MCMULLEN

SILVERBOW RESOURCES

Black Oil

4231136940

42123348790000

GERDES-RATHKAMP 1L

DEWITT

SILVERBOW RESOURCES

Condensate

4212334879

42311370800000

KUYKENDALL UNIT 5H

MCMULLEN

SILVERBOW RESOURCES

Black Oil

4231137080

42123349740000

BOENING UNIT 6U

DEWITT

SILVERBOW RESOURCES

Condensate

4212334974

42123349750000

BOENING UNIT 6L

DEWITT

SILVERBOW RESOURCES

Condensate

4212334975

42479445920000

PGE DOS K 3H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944592

42283372980000

ARN EF B 14H

LA SALLE

SILVERBOW RESOURCES

Wet Gas

4228337298

42479448410000

PGE BROWNE S 12H

WEBB

SILVERBOW RESOURCES

Condensate

4247944841

42297363390000

KOERTH-ESSE 1H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736339

42127343730000

FAITH-SANDY S 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212734373

42311359200000

SAN MIGUEL RANCH EF 20H

MCMULLEN

SILVERBOW RESOURCES

Black Oil

4231135920

42479431460000

GATES 010 CHK-A TR3 N 2H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247943146

42127374490000

FAITH-SAN PEDRO H 3H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737449

42127374500000

FAITH-SAN PEDRO H 2H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737450

42127374520000

FAITH-SAN PEDRO H 5H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737452

42127374760000

FAITH-SAN PEDRO I 2H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737476

42127374360000

FAITH-SAN PEDRO D 4H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737436

42127376870000

FAITH TORO X UNIT DIM F 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737687

42127376950000

FAITH TORO Q UNIT DIM D 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737695

42127377100000

FAITH-SAN PEDRO EE UNIT K 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737710

42127377330000

FAITH TORO DIM B 2H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737733

42127377320000

FAITH TORO DIM B 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737732

42297359390000

H. HARLAN BETHUNE 01 E 34H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735939

42297359400000

H. HARLAN BETHUNE 01 E 35H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735940

42297359490000

JAMES KEITH ESSE 01 E 09H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735949

42283364510000

EVANS EF A 16H

LA SALLE

SILVERBOW RESOURCES

Wet Gas

4228336451

42297359690000

ROY ESSE 01 E 16H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735969

42297359690100

ROY ESSE 01 E 16H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735969

42311368670000

HOSKINS EFS 21H

MCMULLEN

SILVERBOW RESOURCES

Volatile Oil

4231136867

42283365100000

KNOLLE RANCH EF 3H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228336510

42123347290000

LOOS UNIT 10H

DEWITT

SILVERBOW RESOURCES

Condensate

4212334729

42123347290100

LOOS UNIT 10H

DEWITT

SILVERBOW RESOURCES

Volatile Oil

4212334729

42479440870000

PGE BROWNE O 2H

WEBB

SILVERBOW RESOURCES

Condensate

4247944087

42479440890000

PGE BROWNE O 4H

WEBB

SILVERBOW RESOURCES

Condensate

4247944089

42479440910000

PGE BROWNE O 6H

WEBB

SILVERBOW RESOURCES

Condensate

4247944091

42297360000000

GEORGIA BUCK 01 E 02H

LIVE OAK

SILVERBOW RESOURCES

Black Oil

4229736000

42123347710000

BOENING UNIT 4H

DEWITT

SILVERBOW RESOURCES

Condensate

4212334771

42127382240000

FAITH-SANDY M 4H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212738224

42123348910000

CHUMCHAL UNIT 6L

DEWITT

SILVERBOW RESOURCES

Condensate

4212334891

42127382250000

FAITH-SANDY M 5H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212738225

42127382300000

FAITH-SAN PEDRO D 11H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212738230

42283369130000

CRISP EF 1H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228336913

42311370820000

BRACKEN EFS 19H

MCMULLEN

SILVERBOW RESOURCES

Volatile Oil

4231137082

42311370880000

DISCHER EF B 10H

MCMULLEN

SILVERBOW RESOURCES

Volatile Oil

4231137088

42297361440000

CHAPMAN ESSE PSA E B 22H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736144

42297361450000

CHAPMAN ESSE PSA E C 23H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736145

42297361590000

CHAPMAN ESSE PSA E E 25H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736159

42297361600000

CHAPMAN ESSE PSA E F 26H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736160

42479445940000

PGE DOS K 10H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944594

42297362290000

BETHUNE STCH PSA E B 13H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736229

42311372270000

SMR EW EF 2H

MCMULLEN

SILVERBOW RESOURCES

Black Oil

4231137227

42311372280000

SMR EW EF 3H

MCMULLEN

SILVERBOW RESOURCES

Black Oil

4231137228

42479446590000

PGE BROWNE G 10H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944659

42283373760000

ARN EF 17H

LA SALLE

SILVERBOW RESOURCES

Wet Gas

4228337376

42127386490000

FAITH-YANA I UNIT R 2H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212738649

42283373880000

ARN EF E 18H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228337388

42311373460000

ARMADILLO UNIT NO. 1 1H

MCMULLEN

KIMMERIDGE TEXAS GAS, LLC

Dry Gas

4231137346

42297363410000

GUY PHILLIP WRIGHT 201H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736341

42123353010000

ADAMEK B-MCKEE A 201H

DEWITT

SILVERBOW RESOURCES

Volatile Oil

4212335301

42127374770000

FAITH-SAN PEDRO I 3H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737477

42127377090000

FAITH-SAN PEDRO A 5H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737709

42127377080000

FAITH-SAN PEDRO A 4H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737708

42479439620000

GATES 010 CHK-B TR 1 P 1H

WEBB

SILVERBOW RESOURCES

Condensate

4247943962

42479439640000

GATES 010 CHK-B TR 1 Q 2H

WEBB

SILVERBOW RESOURCES

Condensate

4247943964

42297359990000

GEORGIA BUCK 01 E 01H

LIVE OAK

SILVERBOW RESOURCES

Black Oil

4229735999

42283374130000

WASHBURN RANCH 02 15H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228337413

42297363360000

KOERTH 201H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736336

42127374440000

FAITH-SAN PEDRO P 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737444

42127376770000

FAITH TORO DIM E 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737677

42127376920000

FAITH TORO DIM D 7H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737692

42127376930000

FAITH TORO DIM D 8H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737693

42123345760000

ADAMEK UNIT 2H

DEWITT

SILVERBOW RESOURCES

Condensate

4212334576

42479439530000

PGE DOS U 4H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247943953

42479439520000

PGE DOS U 3H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247943952

42283363120000

EVANS-TX OSAGE EF UNIT 1H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228336312

42297359430000

IDYLWOOD 01 PSA E 04HA

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735943

42297359440000

IDYLWOOD 01 E 05H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735944

42283364490000

EVANS EF 12H

LA SALLE

SILVERBOW RESOURCES

Wet Gas

4228336449

42297359680000

ROY ESSE 01 E 15H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735968

42283365080000

KNOLLE RANCH EF 2H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228336508

42311368730000

G.L. HAYES EF B 8H

MCMULLEN

SILVERBOW RESOURCES

Volatile Oil

4231136873

42479440700000

GATES 010 CHK-B TR1 F 2H

WEBB

SILVERBOW RESOURCES

Condensate

4247944070

42479440860000

PGE BROWNE O 1H

WEBB

SILVERBOW RESOURCES

Condensate

4247944086

42479440900000

PGE BROWNE O 5H

WEBB

SILVERBOW RESOURCES

Condensate

4247944090

42479440940000

PGE BROWNE R 2H

WEBB

SILVERBOW RESOURCES

Condensate

4247944094

42479440960000

PGE BROWNE R 4H

WEBB

SILVERBOW RESOURCES

Condensate

4247944096

42297359970000

H. T. CHAPMAN 01 E 13H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735997

42283367180000

BRIGGS EF 2H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228336718

42283367180100

BRIGGS EF 2H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228336718

42283368140000

WASHBURN RANCH 02 E 66H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228336814

42013357430100

JUSTIN TOM 01 E 09H

ATASCOSA

SILVERBOW RESOURCES

Black Oil

4201335743

42127382220000

FAITH-SANDY S 2H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212738222

42127382260000

FAITH-SANDY D UNIT S 3H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212738226

42127382400000

FAITH-SAN PEDRO BB UNIT I 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212738240

42283369150000

CRISP EF 3H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228336915

42297360640000

H. HARLAN BETHUNE 01 E 31H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736064

42479442980000

GATES 010 CHK-B 1286 G 2H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944298

42283370830000

BRIGGS-KNOLLE EF C 3H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228337083

42127384090000

GATES 010 CHK-B TR1 C 9H

DIMMIT

SILVERBOW RESOURCES

Condensate

4212738409

42127384099000

GATES 010 CHK-B TR1 C 9H

DIMMIT

SILVERBOW RESOURCES

Condensate

4212738409

42283372990000

ARN EF C 15H

LA SALLE

SILVERBOW RESOURCES

Wet Gas

4228337299

42283373000000

ARN EF D 16H

LA SALLE

SILVERBOW RESOURCES

Wet Gas

4228337300

42479448700000

PGE BROWNE S 9H

WEBB

SILVERBOW RESOURCES

Condensate

4247944870

42283373810000

EVANS EF 6H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228337381

42479448710000

GATES 010 CHK-B TR1 P 10H

WEBB

SILVERBOW RESOURCES

Condensate

4247944871

42479448719000

GATES 010 CHK-B TR1 P 10H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944871

42123352440000

HOERMANN-KOLM 201H

DEWITT

SILVERBOW RESOURCES

Volatile Oil

4212335244

42479449140000

GATES 010 CHK-B TR1 14H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944914

42297363370000

SOUTH TEXAS CHILDREN'S HOME 01 9H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736337

42297363420000

GUY PHILLIP WRIGHT 01 11H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736342

42297363510000

BETHUNE-STCH D 10H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736351

42127376780000

FAITH TORO W UNIT DIM E 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737678

42311368110000

BRACKEN EFS 23HU

MCMULLEN

SILVERBOW RESOURCES

Volatile Oil

4231136811

42311368160000

BRACKEN EF A 26H

MCMULLEN

SILVERBOW RESOURCES

Dry Gas

4231136816

42311368160100

BRACKEN EF A 26H

MCMULLEN

SILVERBOW RESOURCES

Dry Gas

4231136816

42311368160200

BRACKEN EF A 26H

MCMULLEN

SILVERBOW RESOURCES

Dry Gas

4231136816

42297359520000

JAMES KEITH ESSE 01 E 07H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735952

42297359670000

H. HARLAN BETHUNE 01 E 24H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735967

42297359960000

H. T. CHAPMAN 01 E 12H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735996

42283369140000

CRISP EF 2H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228336914

42479445930000

PGE DOS N 10H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944593

42283371960000

EVANS-TX OSAGE EF UNIT 5H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228337196

42311372260000

SMR EW EF 1H

MCMULLEN

SILVERBOW RESOURCES

Black Oil

4231137226

42479448690000

PGE BROWNE S 8H

WEBB

SILVERBOW RESOURCES

Condensate

4247944869

42311373780000

TEAL-HOSKINS EF E 6H

MCMULLEN

SILVERBOW RESOURCES

Black Oil

4231137378

42311373760000

TEAL-HOSKINS EF C 3H

MCMULLEN

SILVERBOW RESOURCES

Black Oil

4231137376

42127343920000

FAITH TORO C UNIT DIM B 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212734392

42127374510000

FAITH-SAN PEDRO H 4H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737451

42127376890000

FAITH-TORO DIM F 2H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737689

42127377060000

FAITH-SAN PEDRO A 2H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737706

42127377350000

FAITH TORO DIM B 4H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737735

42311368100000

BRACKEN EFS 22H

MCMULLEN

SILVERBOW RESOURCES

Volatile Oil

4231136810

42123345780000

HOERMANN UNIT 3H

DEWITT

SILVERBOW RESOURCES

Condensate

4212334578

42283363030000

EVANS EF 2H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228336303

42297359260000

H. HARLAN BETHUNE 01 E 26H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735926

42297359500000

JAMES KEITH ESSE 01 E 06H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735950

42297359700000

ROY ESSE 01 E 17H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735970

42311368720000

G.L. HAYES EF A 7H

MCMULLEN

SILVERBOW RESOURCES

Volatile Oil

4231136872

42283366330000

EVANS TX OSAGE EF A 23H

LA SALLE

SILVERBOW RESOURCES

Wet Gas

4228336633

42283366230000

EVANS EF A 22H

LA SALLE

SILVERBOW RESOURCES

Wet Gas

4228336623

42479440930000

PGE BROWNE R 1H

WEBB

SILVERBOW RESOURCES

Condensate

4247944093

42311369310000

BRACKEN EF B 32H

MCMULLEN

SILVERBOW RESOURCES

Dry Gas

4231136931

42297359980000

H. T. CHAPMAN 01 PSA E 14HA

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735998

42297360100000

H. HARLAN BETHUNE 01 E 16H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736010

42123347700000

BOENING UNIT 3H

DEWITT

SILVERBOW RESOURCES

Condensate

4212334770

42123348800000

GERDES-LANGHOFF 1L

DEWITT

SILVERBOW RESOURCES

Condensate

4212334880

42123349350000

JANAK-LOOS 6L

DEWITT

SILVERBOW RESOURCES

Condensate

4212334935

42123349620000

LANGHOFF UNIT A 8L

DEWITT

SILVERBOW RESOURCES

Condensate

4212334962

42311370790000

KUYKENDALL UNIT 4H

MCMULLEN

SILVERBOW RESOURCES

Black Oil

4231137079

42311370830000

BRACKEN EFS 20H

MCMULLEN

SILVERBOW RESOURCES

Volatile Oil

4231137083

42479443070000

PGE DOS Z 7H

WEBB

SILVERBOW RESOURCES

Condensate

4247944307

42127384290000

FAITH-SAN PEDRO N UNIT D 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212738429

42479445870000

PGE DOS N 1H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944587

42479446090000

GATES 010 CHK-A TR3 O 2H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944609

42479446070000

GATES 010 CHK-A TR3 O 10H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944607

42283371970000

EVANS-TX OSAGE EF UNIT 7H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228337197

42479446600000

PGE BROWNE G 11H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944660

42479446609000

PGE BROWNE G 11H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944660

42479448650000

PGE BROWNE S 4H

WEBB

SILVERBOW RESOURCES

Condensate

4247944865

42297363440000

GUY PHILLIP WRIGHT 01 10H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736344

42123352810000

HOERMANN-LANGHOFF B A 2H

DEWITT

SILVERBOW RESOURCES

Condensate

4212335281

42123353000000

ADAMEK B-MCKEE 1H

DEWITT

SILVERBOW RESOURCES

Volatile Oil

4212335300

42311373770000

TEAL-HOSKINS EF D 5H

MCMULLEN

SILVERBOW RESOURCES

Black Oil

4231137377

42297363710000

STCH-IDYLWOOD D 4H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736371

42297363690000

STCH-IDYLWOOD B 2H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736369

42127374460000

FAITH-SAN PEDRO P 3H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737446

42127376980000

FAITH TORO T UNIT DIM I 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737698

42127377110000

FAITH-SAN PEDRO R UNIT K 1H

DIMMIT

SILVERBOW RESOURCES

Volatile Oil

4212737711

42297359190000

GKT-MAP EF UNIT 2H

LIVE OAK

SILVERBOW RESOURCES

Dry Gas

4229735919

42297359510000

JAMES KEITH ESSE 01 E 08H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229735951

42297360110000

H. HARLAN BETHUNE 01 E 17H

LIVE OAK

SILVERBOW RESOURCES

Volatile Oil

4229736011

42123348920000

CHUMCHAL UNIT 7L

DEWITT

SILVERBOW RESOURCES

Condensate

4212334892

42479446620000

PGE BROWNE H 11H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944662

42479446629000

PGE BROWNE H 11H

WEBB

SILVERBOW RESOURCES

Wet Gas

4247944662

42479446640000

PGE BROWNE R 10H

WEBB

SILVERBOW RESOURCES

Condensate

4247944664

42479446649000

PGE BROWNE R 10H

WEBB

SILVERBOW RESOURCES

Condensate

4247944664

42283374120000

WASHBURN RANCH 02 14H

LA SALLE

SILVERBOW RESOURCES

Condensate

4228337412

Exhibit 4

DeGolyer and MacNaughton 5001 Spring Valley Road Suite 800 East Dallas, Texas 75244 This is a digital representation of a DeGolyer and MacNaughton report. Each file contained herein is intended to be a manifestation of certain data in the subject report and as such is subject to the definitions, qualifications, explanations, conclusions, and other conditions thereof. The information and data contained in each file may be subject to misinterpretation; therefore, the signed and bound copy of this report should be considered the only authoritative source of such information.

DeGolyerandMacNaughtonTABLEofCONTENTSPageFOREWORD.....................................................................................................1ScopeofInvestigation......................................................................................1Authority.........................................................................................................3SourceofInformation......................................................................................3DEFINITIONofRESERVES..........................................................................4ESTIMATIONofRESERVES.........................................................................7VALUATIONofRESERVES..........................................................................11SUMMARYandCONCLUSIONS..................................................................15APPENDIX?BoundwithReport

DeGolyerandMacNaughton5001SpringValleyRoadSuite800EastDallas,Texas75244REPORTasofDECEMBER31,2023onRESERVESandREVENUEofCERTAINPROPERTIESwithinterestsattributabletoKIMMERIDGETEXASGAS,LLCandRESERVESandREVENUEofCERTAINPROPERTIESwithinterestsattributabletoBLACKBRUSHOIL&GAS,LPpreparedforKIMMERIDGETEXASGAS,LLCSECPRICESENSITIVITYFOREWORDScopeofInvestigationThisreportpresentsestimates,asofDecember31,2023,oftheextentandvalueoftheprovedoil,condensate,naturalgasliquids(NGL),andgasreservesofcertainpropertiesinwhichKimmeridgeTexasGas,LLC(Kimmeridge)hasrepresenteditholdsaninterest.AttherequestofKimmeridge,thisreportalsopresentsadditionalestimates,asofDecember31,2023,oftheextentandvalueoftheprovedoil,condensate,NGL,andgasreservesofcertainpropertiesinwhichKimmeridgehasrepresentedBlackbrushOil&Gas,LP(Blackbrush)holdsaninterest.ThepropertiesevaluatedhereinconsistofworkingandroyaltyinterestslocatedinTexas.AlistofthepropertiesevaluatedinthisreportisshownintheappendixtothisreportundertheLeaseTotals-ReservesandRevenuetab.EstimatesofreservespresentedinthisreporthavebeenpreparedinaccordancewiththePetroleumResourcesManagementSystem(PRMS)approvedinMarch2007andrevisedinJune2018bytheSocietyofPetroleumEngineers,theWorldPetroleumCouncil,theAmericanAssociationofPetroleumGeologists,theSocietyofPetroleumEvaluationEngineers,theSocietyofExplorationGeophysicists,theSocietyofPetrophysicistsandWellLogAnalysts,and

DeGolyerandMacNaughton2theEuropeanAssociationofGeoscientists&Engineers.Thesereservesde?nitionsarediscussedindetailintheDe?nitionofReservessectionofthisreport.Reservesestimatedinthisreportareexpressedasgrossreservesandnetreserves.Grossreservesarede?nedasthetotalestimatedpetroleumremainingtobeproducedfromthesepropertiesafterDecember31,2023.Netreservesarede?nedasthatportionofthegrossreservesattributabletotheinterestsheldbyKimmeridgeandBlackbrushafterdeductingallinterestsheldbyothers.Thisreportpresentsvaluesforprovedreservesthatwereestimatedusingprices,expenses,andcostsprovidedbyKimmeridge.Adetailedexplanationoftheforecastprice,expense,andcostassumptionsisincludedintheValuationofReservessectionofthisreport.Valuesforprovedreservesinthisreportareexpressedintermsoffuturegrossrevenue,futurenetrevenue,andpresentworth.Futuregrossrevenueisde?nedasthatrevenuewhichwillaccruetotheevaluatedinterestsfromtheproductionandsaleoftheestimatednetreserves.Futurenetrevenueiscalculatedbydeductingproductiontaxes,advaloremtaxes,operatingexpenses,capitalcosts,andabandonmentcostsfromfuturegrossrevenue.Operatingexpensesinclude?eldoperatingexpenses,transportationandprocessingexpenses,andanallocationofoverheadthatdirectlyrelatestoproductionactivities.Capitalcostsincludedrillingandcompletioncosts,facilitiescosts,and?eldmaintenancecosts.AbandonmentcostsarerepresentedbyKimmeridgetobeinclusiveofthosecostsassociatedwiththeremovalofequipment,pluggingofwells,andreclamationandrestorationassociatedwiththeabandonment.AttherequestofKimmeridge,futureincometaxeswerenottakenintoaccountinthepreparationoftheseestimates.Presentworthisde?nedasfuturenetrevenuediscountedataspeci?edarbitrarydiscountratecompoundedmonthlyovertheexpectedperiodofrealization.Presentworthshouldnotbeconstruedasfairmarketvaluebecausenoconsiderationwasgiventoadditionalfactorsthatin?uencethepricesatwhichpropertiesareboughtandsold.Inthisreport,presentworthvaluesusingadiscountrateof10percentarereportedindetailandvaluesusingdiscountratesof5,8,9,12,15,20,and25percentarereportedastotalsintheappendixtothisreport.Estimatesofreservesandrevenueshouldberegardedonlyasestimatesthatmaychangeasfurtherproductionhistoryandadditionalinformationbecomeavailable.Notonlyaresuchestimatesbasedonthatinformationwhichiscurrentlyavailable,butsuchestimatesarealsosubjecttothe

DeGolyerandMacNaughton3uncertaintiesinherentintheapplicationofjudgmentalfactorsininterpretingsuchinformation.AuthorityThisreportwasauthorizedbyMr.MatthewPierce,VicePresidentofCorporateDevelopment,KimmeridgeTexasGas,LLC.SourceofInformationInformationusedinthepreparationofthisreportwasobtainedfromKimmeridgeandfrompublicsources.Inthepreparationofthisreportwehaverelied,withoutindependentveri?cation,uponinformationfurnishedbyKimmeridgewithrespecttothepropertyinterestsbeingevaluated,productionfromsuchproperties,currentcostsofoperationanddevelopment,currentpricesforproduction,agreementsrelatingtocurrentandfutureoperationsandsaleofproduction,andvariousotherinformationanddatathatwereacceptedasrepresented.A?eldexaminationwasnotconsiderednecessaryforthepurposesofthisreport.

DeGolyerandMacNaughton4DEFINITIONofRESERVESEstimatesofprovedreservespresentedinthisreporthavebeenpreparedinaccordancewiththePRMSapprovedinMarch2007andrevisedinJune2018bytheSocietyofPetroleumEngineers,theWorldPetroleumCouncil,theAmericanAssociationofPetroleumGeologists,theSocietyofPetroleumEvaluationEngineers,theSocietyofExplorationGeophysicists,theSocietyofPetrophysicistsandWellLogAnalysts,andtheEuropeanAssociationofGeoscientists&Engineers.Onlyprovedreserveshavebeenevaluatedforthisreport.Thepetroleumreservesarede?nedasfollows:Reservesarethosequantitiesofpetroleumanticipatedtobecommerciallyrecoverablebyapplicationofdevelopmentprojectstoknownaccumulationsfromagivendateforwardunderde?nedconditions.Reservesmustsatisfyfourcriteria:discovered,recoverable,commercial,andremaining(asoftheevaluation'seffectivedate)basedonthedevelopmentproject(s)applied.Reservesarefurthercategorizedinaccordancewiththelevelofcertaintyassociatedwiththeestimatesandmaybesub-classi?edbasedonprojectmaturityand/orcharacterizedbydevelopmentandproductionstatus.ProvedReservesarethosequantitiesofpetroleumthat,byanalysisofgeoscienceandengineeringdata,canbeestimatedwithreasonablecertaintytobecommerciallyrecoverablefromagivendateforwardfromknownreservoirsandunderde?nedeconomicconditions,operatingmethods,andgovernmentregulations.Ifdeterministicmethodsareused,theterm"reasonablecertainty"isintendedtoexpressahighdegreeofcon?dencethatthequantitieswillberecovered.Ifprobabilisticmethodsareused,thereshouldbeatleasta90%probability(P90)thatthequantitiesactuallyrecoveredwillequalorexceedtheestimate.ProbableReservesarethoseadditionalReserveswhichanalysisofgeoscienceandengineeringdataindicatearelesslikelytoberecoveredthanProvedReservesbutmorecertaintoberecoveredthanPossibleReserves.ItisequallylikelythatactualremainingquantitiesrecoveredwillbegreaterthanorlessthanthesumoftheestimatedProvedplusProbableReserves(2P).Inthiscontext,whenprobabilisticmethodsareused,thereshouldbeatleasta50%probability[P50]thattheactualquantitiesrecoveredwillequalorexceedthe2Pestimate.

DeGolyerandMacNaughton5PossibleReservesarethoseadditionalreservesthatanalysisofgeoscienceandengineeringdataindicatesarelesslikelytoberecoverablethanProbableReserves.ThetotalquantitiesultimatelyrecoveredfromtheprojecthavealowprobabilitytoexceedthesumofProvedplusProbableplusPossible(3P),whichisequivalenttothehigh-estimatescenario.Whenprobabilisticmethodsareused,thereshouldbeatleasta10%probability(P10)thattheactualquantitiesrecoveredwillequalorexceedthe3Pestimate.Onceprojectssatisfycommercialmaturity,theassociatedquantitiesareclassi?edasReserves.Thesequantitiesmaybeallocatedtothefollowingsubdivisionsbasedonthefundingandoperationalstatusofwellsandassociatedfacilitieswithinthereservoirdevelopmentplan:DevelopedReservesarequantitiesexpectedtoberecoveredfromexistingwellsandfacilities.Reservesareconsidereddevelopedonlyafterthenecessaryequipmenthasbeeninstalled,orwhenthecoststodosoarerelativelyminorcomparedtothecostofawell.Whererequiredfacilitiesbecomeunavailable,itmaybenecessarytoreclassifyDevelopedReservesasUndeveloped.DevelopedReservesmaybefurthersub-classi?edasProducingorNon-Producing.DevelopedProducingReservesareexpectedquantitiestoberecoveredfromcompletionintervalsthatareopenandproducingattheeffectivedateoftheestimate.ImprovedrecoveryReservesareconsideredproducingonlyaftertheimprovedrecoveryprojectisinoperation.DevelopedNon-ProducingReservesincludeshut-inandbehind-pipereserves.Shut-inReservesareexpectedtoberecoveredfrom(1)completionintervalsthatareopenatthetimeoftheestimatebutwhichhavenotyetstartedproducing,(2)wellswhichwereshut-informarketconditionsorpipelineconnections,or(3)wellsnotcapableofproductionformechanicalreasons.Behind-pipeReservesareexpectedtoberecoveredfromzonesinexistingwellsthatwillrequireadditionalcompletionworkorfuturere-completionbeforestartofproductionwithminorcosttoaccessthesereserves.Inallcases,productioncanbeinitiatedorrestoredwithrelativelylowexpenditurecomparedtothecostofdrillinganewwell.

DeGolyerandMacNaughton6UndevelopedReservesarequantitiesexpectedtoberecoveredthroughfuturesigni?cantinvestments.UndevelopedReservesaretobeproduced(1)fromnewwellsonundrilledacreageinknownaccumulations,(2)fromdeepeningexistingwellstoadifferent(butknown)reservoir,(3)fromin?llwellsthatwillincreaserecovery,or(4)wherearelativelylargeexpenditure(e.g.,whencomparedtothecostofdrillinganewwell)isrequiredto(a)recompleteanexistingwellor(b)installproductionortransportationfacilitiesforprimaryorimprovedrecoveryprojects.Theextenttowhichprobableandpossiblereservesultimatelymayberecategorizedasprovedreservesisdependentuponfuturedrilling,testing,andwellperformance.Thedegreeofrisktobeappliedinevaluatingprobableandpossiblereservesisin?uencedbyeconomicandtechnologicalfactorsaswellasthetimeelement.Noprobableorpossiblereserveshavebeenevaluatedforthisreport.

DeGolyerandMacNaughton7ESTIMATIONofRESERVESEstimatesofreserveswerepreparedbytheuseofappropriategeologic,petroleumengineering,andevaluationprinciplesandtechniquesthatareinaccordancewithpracticesgenerallyrecognizedbythepetroleumindustry,whicharepresentedinthePRMSandMonograph3andMonograph4publishedbytheSocietyofPetroleumEvaluationEngineers.Themethodorcombinationofmethodsusedintheanalysisofeachreservoirwastemperedbyexperiencewithsimilarreservoirs,stageofdevelopment,qualityandcompletenessofbasicdata,andproductionhistory.Basedonthecurrentstageof?elddevelopment,productionperformance,thedevelopmentplansprovidedbyKimmeridge,andanalysesofareasoffsettingexistingwellswithtestorproductiondata,reserveswerecategorizedasproved.Theundevelopedreservesestimateswerebasedonopportunitiesidenti?edintheplanofdevelopmentprovidedbyKimmeridge.Theproveddevelopednon-producingreservesincludethosequantitiesassociatedwithbehind-pipezonesorwellsthathavebeendrilledandcompletedbutnotyetbroughtontoproductionandincludeminorremainingcapitalexpenditureascomparedtothecostofanewwell.Kimmeridgeprovideda9-yeardevelopmentplanfortheevaluatedproperties.Kimmeridgehasrepresentedthattheprovideddevelopmentplanisconsistentwithitslong-termobjectivesandcapitalspendingprogramandthatKimmeridgehas?rmintentionstoproceedwithdevelopmentwithinthistimeframe.Accordingly,KimmeridgehasrepresentedthatitsseniormanagementiscommittedtothedevelopmentplanprovidedbyKimmeridgeandthatKimmeridgehasthe?nancialcapabilitytoexecutethedevelopmentplan,includingthedrillingandcompletionofwellsandtheinstallationofequipmentandfacilities.Fortheevaluationofunconventionalreservoirs,aperformance-basedmethodologyintegratingtheappropriategeologyandpetroleumengineeringdatawasutilizedforthisreport.Performance-basedmethodologyprimarilyincludes(1)productiondiagnostics,(2)decline-curveanalysis,and(3)model-basedanalysis(ifnecessary,basedonavailabilityofdata).Productiondiagnosticsincludedataqualitycontrol,identi?cationof?owregimes,and

DeGolyerandMacNaughton8characteristicwellperformancebehavior.Theseanalyseswereperformedforallwellgroupings(ortype-curveareas).Characteristicrate-declinepro?lesfromdiagnosticinterpretationweretranslatedtomodi?edhyperbolicratepro?les,includingoneormultipleb-exponentvaluesfollowedbyanexponentialdecline.Basedontheavailabilityofdata,model-basedanalysismaybeintegratedtoevaluatelong-termdeclinebehavior,theeffectofdynamicreservoirandfractureparametersonwellperformance,andcomplexsituationssourcedbythenatureofunconventionalreservoirs.Intheevaluationofdevelopednon-producingandundevelopedreserves,type-wellanalysiswasperformedusingwelldatafromanalogousreservoirsforwhichmorecompletehistoricalperformancedatawereavailable.DataprovidedbyKimmeridgefromwellsdrilledthroughDecember31,2023,andmadeavailableforthisevaluationwereusedtopreparethereservesestimatesherein.ThesereservesestimateswerebasedonconsiderationofdailyandmonthlyproductiondataavailableforcertainpropertiesonlythroughNovember2023.Estimatedcumulativeproduction,asofDecember31,2023,wasdeductedfromtheestimatedgrossultimaterecoverytoestimategrossreserves.Thisrequiredthatproductionbeestimatedforupto1month.Oilandcondensatereservesestimatedhereinaretoberecoveredbynormal?eldseparation.NGLreservesestimatedhereinincludepentanesandheavierfractions(C5+)andlique?edpetroleumgas(LPG),whichconsistsprimarilyofpropaneandbutanefractions,andaretheresultoflow-temperatureplantprocessing.Oil,condensate,andNGLreservesincludedintheappendixtothisreportareexpressedinbarrels(bbl).Intheseestimates,1barrelequals42UnitedStatesgallons.Forreportingpurposes,oilandcondensatereserveshavebeenestimatedseparatelyandarepresentedhereinasasummedquantity.Gasquantitiesestimatedhereinareexpressedassalesgas.Salesgasisde?nedasthetotalgastobeproducedfromthereservoirs,measuredatthepointofdelivery,afterreductionforfuelusage,?are,andshrinkageresultingfrom?eldseparationandprocessing.Gasreservesestimatedhereinarereportedassalesgas.Gasquantitiesareexpressedatatemperaturebaseof60degreesFahrenheit(?F)andatapressurebaseof14.65poundspersquareinch

DeGolyerandMacNaughton9absolute(psia).Gasquantitiesincludedintheappendixtothisreportareexpressedinthousandsofcubicfeet(Mcf).Gasquantitiesareidenti?edbythetypeofreservoirfromwhichthegaswillbeproduced.Nonassociatedgasisgasatinitialreservoirconditionswithnooilpresentinthereservoir.Associatedgasisbothgas-capgasandsolutiongas.Gas-capgasisgasatinitialreservoirconditionsandisincommunicationwithanunderlyingoilzone.Solutiongasisgasdissolvedinoilatinitialreservoirconditions.Gasquantitiesestimatedhereinincludebothassociatedandnonassociatedgas.Theestimatedgrossandnetprovedreserves,asofDecember31,2023,ofthepropertiesattributabletoKimmeridgeandBlackbrushevaluatedhereinaresummarizedasfollows,expressedinthousandsofbarrels(Mbbl)andmillionsofcubicfeet(MMcf):GrossReservesOilandCondensate(Mbbl)NGL(Mbbl)SalesGas(MMcf)KimmeridgeBlackbrushKimmeridgeBlackbrushKimmeridgeBlackbrushInterestsInterestsTotalInterestsInterestsTotalInterestsInterestsTotalProvedDevelopedProducing5318,34318,396017,02017,020504,693136,894641,587DevelopedNon-Producing00000067,545067,545TotalProvedDeveloped5318,34318,396017,02017,020572,238136,894709.132Undeveloped017,53517,535025,50225,5022,224,204247,8282,472,032TotalProved5335,87835,931042,52242,5222,796,442384,7223,181,164NetReservesOilandCondensate(Mbbl)NGL(Mbbl)SalesGas(MMcf)KimmeridgeBlackbrushKimmeridgeBlackbrushKimmeridgeBlackbrushInterestsInterestsTotalInterestsInterestsTotalInterestsInterestsTotalProvedDevelopedProducing306,3546,38408,7228,722346,30173,998420,299DevelopedNon-Producing00000050,397050,397TotalProvedDeveloped306,3546,38408,7228,722396,69873,998470,696Undeveloped08,3978,397015,10515,1051,517,560156,6191,674,179TotalProved3014,75114,781023,82723,8271,914,258230,6172,144,875

DeGolyerandMacNaughton10Theestimatedgrossandnetprovedreserves,asofDecember31,2023,ofthepropertiesevaluatedhereinaresummarizedasfollows,expressedinthousandsofbarrels(Mbbl)andmillionsofcubicfeet(MMcf):GrossReservesNetReservesOilandSalesOilandSalesCondensateNGLGasCondensateNGLGas(Mbbl)(Mbbl)(MMcf)(Mbbl)(Mbbl)(MMcf)ProvedDevelopedProducing18,39617,020641,5876,3848,722420,299DevelopedNon-Producing0067,5450050,397TotalProvedDeveloped18,39617,020709,1326,3848,722470,696Undeveloped17,53525,5022,472,0328,39715,1051,674,179TotalProved35,93142,5223,181,16414,78123,8272,144,875

DeGolyerandMacNaughton11VALUATIONofRESERVESRevenuevaluesinthisreportwereestimatedusingforecastprices,expenses,andcostsprovidedbyKimmeridge.Thefollowingeconomicassumptionswereusedforestimatingtherevenuevaluesreportedherein:Oil,Condensate,andNGLPricesOil,condensate,andNGLpriceswerecalculatedusingdifferentialsprovidedbyKimmeridgetoareferencepriceof$78.22perbarrelandheldconstantthereafter.GasPricesGaspriceswerecalculatedusingdifferentialsprovidedbyKimmeridgetoareferencepriceof$2.64permillionBtuandheldconstantthereafter.BtufactorsprovidedbyKimmeridgewereusedtoconvertpricesfromdollarspermillionBtutodollarsperthousandcubicfeet.ProductionandAdValoremTaxesProductiontaxeswerecalculatedusingthetaxratesforTexas,including,whereappropriate,abatementsforenhancedrecoveryprograms.AdvaloremtaxeswerecalculatedusingratesprovidedbyKimmeridgebasedonrecentpayments.OperatingExpenses,CapitalCosts,andAbandonmentCostsEstimatesofoperatingexpensesandfuturecapitalexpenditures,providedbyKimmeridgeandbasedonexistingeconomicconditions,wereheldconstantforthelivesoftheproperties.Incertaincases,futureexpenditures,eitherhigherorlowerthancurrentexpenditures,mayhavebeenusedbecauseofanticipatedchangesinoperatingconditions,butnogeneralescalationthatmightresultfromin?ationwasapplied.Abandonmentcosts,whicharethosecostsassociatedwiththeremovalofequipment,pluggingofwells,andreclamation

DeGolyerandMacNaughton12andrestorationassociatedwiththeabandonment,wereprovidedbyKimmeridgeandwerenotadjustedforin?ation.AttherequestofKimmeridge,abandonmentcostsandanyassociatednegativefuturenetrevenuehavebeenincludedhereinforthoseproveddevelopedproducingpropertiesforwhichreserveswereestimatedtobezero.Operatingexpenses,capitalcosts,andabandonmentcostswereconsidered,asappropriate,indeterminingtheeconomicviabilityofthedevelopednon-producingandundevelopedreservesestimatedherein.

DeGolyerandMacNaughton13Theestimatedfuturerevenuetobederivedfromtheproductionandsaleofthenetprovedreserves,asofDecember31,2023,ofthepropertiesattributabletoKimmeridgeandBlackbrushevaluatedundertheeconomicassumptionsdescribedhereinissummarizedasfollows,expressedinthousandsofdollars(M$):KimmeridgeBlackbrushInterestsInterestsTotal(M$)(M$)(M$)ProvedDevelopedProducingFutureGrossRevenue875,658915,8851,791,543ProductionandAdValoremTaxes69,55247,623117,175OperatingExpenses361,915232,825594,740CapitalCosts000AbandonmentCosts4,0182,4986,516FutureNetRevenue440,173632,9391,073,112PresentWorthat10Percent276,233373,744649,977ProvedDevelopedNon-ProducingFutureGrossRevenue125,9280125,928ProductionandAdValoremTaxes7,89707,897OperatingExpenses21,517021,517CapitalCosts7060706AbandonmentCosts1790179FutureNetRevenue95,629095,629PresentWorthat10Percent61,828061,828TotalProvedDevelopedFutureGrossRevenue1,001,586915,8851,917,471ProductionandAdValoremTaxes77,44947,623125,072OperatingExpenses383,432232,825616,257CapitalCosts7060706AbandonmentCosts4,1972,4986,695FutureNetRevenue535,802632,9391,168,741PresentWorthat10Percent338,061373,744711,805ProvedUndevelopedFutureGrossRevenue3,779,8931,441,8905,221,783ProductionandAdValoremTaxes260,21061,318321,528OperatingExpenses988,433306,1611,294,594CapitalCosts1,721,108453,3402,174,448AbandonmentCosts4,9191,6566,575FutureNetRevenue805,223619,4151,424,638PresentWorthat10Percent33,299216,225249,524TotalProvedFutureGrossRevenue4,781,4792,357,7757,139,254ProductionandAdValoremTaxes337,659108,941446,600OperatingExpenses1,371,865538,9861,910,851CapitalCosts1,721,814453,3402,175,154AbandonmentCosts9,1164,15413,270FutureNetRevenue1,341,0251,252,3542,593,379PresentWorthat10Percent371,360589,969961,329Note:Futureincometaxeshavenotbeentakenintoaccountinthepreparationoftheseestimates.

DeGolyerandMacNaughton14Theestimatedfuturerevenuetobederivedfromtheproductionandsaleofthenetprovedreserves,asofDecember31,2023,ofthepropertiesevaluatedundertheeconomicassumptionsdescribedhereinissummarizedasfollows,expressedinthousandsofdollars(M$):ProvedProvedTotalDevelopedDevelopedProvedProvedTotalProducingNon-ProducingDevelopedUndevelopedProved(M$)(M$)(M$)(M$)(M$)FutureGrossRevenue1,791,543125,9281,917,4715,221,7837,139,254ProductionandAdValoremTaxes117,1757,897125,072321,528446,600OperatingExpenses594,74021,517616,2571,294,5941,910,851CapitalCosts07067062,174,4482,175,154AbandonmentCosts6,5161796,6956,57513,270FutureNetRevenue1,073,11295,6291,168,7411,424,6382,593,379PresentWorthat10Percent649,97761,828711,805249,524961,329Note:Futureincometaxeshavenotbeentakenintoaccountinthepreparationoftheseestimates.Theappendixboundwiththisreportincludes(i)summaryprojectionsofprovedreservesandrevenuesortedbyreservescategory,(ii)summaryprojectionsofprovedreservesandrevenuesortedbyattributablepartyandreservescategory,and(iii)tabulationsofprovedreservesandrevenuesortedbyattributableparty,reservescategory,andlease.

DeGolyerandMacNaughton15SUMMARYandCONCLUSIONSKimmeridgehasrepresentedthatbothitandBlackbrushholdinterestsincertainpropertieslocatedinTexasevaluatedherein.Theestimatednetprovedreserves,asofDecember31,2023,ofthepropertiesevaluatedundertheeconomicassumptionsdescribedhereinaresummarizedasfollows,expressedinthousandsofbarrels(Mbbl)andmillionsofcubicfeet(MMcf):NetReservesOilandSalesCondensateNGLGas(Mbbl)(Mbbl)(MMcf)ProvedDevelopedProducing6,3848,722420,299DevelopedNon-Producing0050,397TotalProvedDeveloped6,3848,722470,696Undeveloped8,39715,1051,674,179TotalProved14,78123,8272,144,875Theestimatedfuturerevenueattributabletothecombinedinterestintheprovedreserves,asofDecember31,2023,ofthepropertiesevaluatedundertheeconomicassumptionsdescribedhereinissummarizedasfollows,expressedinthousandsofdollars(M$):ProvedProvedTotalDevelopedDevelopedProvedProvedTotalProducingNon-ProducingDevelopedUndevelopedProved(M$)(M$)(M$)(M$)(M$)FutureGrossRevenue1,791,543125,9281,917,4715,221,7837,139,254FutureNetRevenue1,073,11295,6291,168,7411,424,6382,593,379PresentWorthat10Percent649,97761,828711,805249,524961,329Note:Futureincometaxeshavenotbeentakenintoaccountinthepreparationoftheseestimates.Whiletheoilandgasindustrymaybesubjecttoregulatorychangesfromtimetotimethatcouldaffectanindustryparticipant'sabilitytorecoveritsreserves,wearenotawareofanysuchgovernmentalactionswhichwouldrestricttherecoveryoftheDecember31,2023,estimatedreserves.

DeGolyerandMacNaughton16DeGolyerandMacNaughtonisanindependentpetroleumengineeringconsulting?rmthathasbeenprovidingpetroleumconsultingservicesthroughouttheworldsince1936.Ourfeeswerenotcontingentontheresultsofourevaluation.ThisreporthasbeenpreparedattherequestofKimmeridge.DeGolyerandMacNaughtonhasusedallassumptions,procedures,data,andmethodsthatitconsidersnecessarytopreparethisreport.Submitted,DeGOLYERandMacNAUGHTONTexasRegisteredEngineeringFirmF-716SIGNED:February26,2024DilhanIlk,P.E.ExecutiveVicePresidentDeGolyerandMacNaughton

1These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.PROJECTION OF ESTIMATED PROVED PRODUCTION AND REVENUEAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOSEC PRICEKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPSENSITIVITY20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31GrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasProductionProductionProductionProductionProductionProductionCompletions(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SubtotalRemainingTotalCumulativeUltimate20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Oil andNatural GasFuture GrossFuture GrossFuture GrossFuture GrossCondLiquidsGasRevenueRevenueRevenueRevenuePricesPricesPricesOil and CondNGLGasTotal($/bbl)($/bbl)($/Mcf)($)($)($)($)SubtotalRemainingTotal20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Production &Ad ValoremOperatingCapitalAbandonmentTaxesExpensesCostsCosts($)($)($)($)Future Net RevenuePresent Worth at 10 PercentAnnualCumulative($)($)AnnualCumulative($)($)Gross CompletionsOilGasInterests (Percent)DateWorkingRevenuePresent Worth Profile ($)SubtotalRemainingTotalMonth of Last Production:28,822,2494044,402,2542,824,582161,424,7542,122,1851,619,163114,291,26679.4927.212.490168,696,26544,052,443284,571,253497,319,961 5.00 Percent 8.00 Percent 9.00 Percent 12.00 Percent 15.00 Percent 20.00 Percent 25.00 Percent1,484,371,6671,130,341,0931,040,558,839828,576,601677,527,533508,331,480400,361,61921,926,15172,965,912278,667,331668,430123,092,137123,092,137111,250,322111,250,3224012,506,2622,302,947119,217,8161,088,9921,286,53083,180,66179.3726.962.49386,430,77734,679,767207,386,716328,497,26013,875,44457,141,20962,861,637120,583194,498,387317,590,524168,945,599280,195,9214392,445,3653,319,385139,687,5581,092,9581,913,93098,124,64778.9326.862.49486,268,75151,413,257244,712,170382,394,17813,981,71754,666,037373,520,67454,368-59,828,618257,761,906-48,874,820231,321,1014822,762,8864,263,799209,900,7171,423,7632,562,978147,146,78478.6326.342.490111,956,23567,511,219366,434,650545,902,10421,564,00972,918,482374,045,27373,80877,300,532335,062,43853,331,602284,652,7035232,078,2302,855,061237,677,118983,3871,672,101168,791,23878.7226.442.48877,414,22144,212,987419,925,654541,552,86224,457,16987,818,688399,124,035132,74530,020,225365,082,66318,089,292302,741,9955681,631,3382,278,705257,421,887745,8771,328,247178,467,50378.8126.452.49058,782,10935,134,214444,310,044538,226,36725,676,17695,041,068314,849,20018,355102,641,568467,724,23158,547,441361,289,4365921,413,3451,931,336237,174,000638,9791,119,367152,330,23478.8326.492.48950,371,85429,653,238379,160,853459,185,94522,585,76090,414,944150,162,41961,223195,961,599663,685,830103,124,817464,414,2536201,717,6401,731,333207,327,356554,177945,042135,889,09778.8526.552.48943,695,59125,090,739338,220,363407,006,69321,548,01683,441,185158,917,219108,039142,992,234806,678,06466,312,108530,726,3616302,750,7221,872,958171,118,450763,258934,838110,329,82078.7726.412.48460,118,54624,692,791274,056,579358,867,91620,499,24478,322,64962,814,76688,481197,142,7761,003,820,84083,960,903614,687,2646261,790,4401,674,220131,746,791621,914896,82186,252,00378.7526.272.48448,973,36723,557,205214,250,817286,781,38918,244,90670,831,460074,238197,630,7851,201,451,62576,599,567691,286,8316211,342,0111,411,997109,816,241477,451759,38372,218,62178.8026.412.48637,624,69920,054,059179,557,569237,236,32717,156,91764,738,732091,078155,249,6001,356,701,22554,440,944745,727,7756141,123,9581,247,41995,258,479409,157672,69262,803,83378.8326.492.48732,253,20417,818,393156,203,671206,275,26816,005,34760,270,3920107,662129,891,8671,486,593,09241,220,335786,948,110609983,5561,133,52984,922,565364,004612,84456,082,90378.8426.532.48828,698,24616,258,313139,522,047184,478,60615,295,48856,480,388081,348112,621,3821,599,214,47432,345,237819,293,347601871,0791,037,64676,379,035326,435562,07950,500,27478.8526.552.48825,739,74214,926,290125,656,910166,322,94214,546,44953,166,7860126,94898,482,7591,697,697,23325,595,655844,889,002592787,762960,98169,608,969298,320521,43246,070,52878.8626.572.48823,524,40213,855,943114,646,003152,026,34813,310,82950,176,4600154,09388,384,9661,786,082,19920,793,699865,682,701584718,468894,25064,044,821274,074485,95342,426,99678.8626.582.48921,612,54212,918,261105,587,768140,118,57112,306,57147,957,7810148,82679,705,3931,865,787,59216,975,086882,657,787579660,045836,69559,490,124252,759454,91239,442,86778.8626.602.48919,933,66512,098,81398,170,314130,202,79211,466,19346,094,118077,92172,564,5601,938,352,15213,988,447896,646,234572603,441779,19955,234,303231,926424,08036,655,51478.8626.602.48918,289,78411,281,36191,244,213120,815,35810,650,57144,300,3270132,80065,731,6602,004,083,81211,468,307908,114,541560552,312727,88351,629,605213,684397,18934,304,38278.8626.602.48916,850,99210,565,87685,397,190112,814,0589,969,16342,721,463191,176170,75859,761,4982,063,845,3109,438,130917,552,671550507,522681,86948,440,356196,965372,33932,213,18278.8526.602.48915,531,1849,903,97280,192,503105,627,6599,387,79541,332,4530143,62554,763,7862,118,609,0967,830,006925,382,677PROVEDReserve Class:31,648,6364,282,58735,931,22364,753,47234,765,7947,756,46442,522,2582,587,520,945593,643,6643,181,164,60913,080,2651,701,06914,781,33419,541,9204,285,03023,826,9501,747,522,353397,353,0462,144,875,3991,032,766,176133,820,3761,166,586,552519,679,141113,762,251633,441,3924,349,207,287990,018,0365,339,225,3235,901,652,6041,237,600,6637,139,253,26778.9678.6778.9226.5926.5526.592.4892.4922.48919247608/2086334,453,915112,145,820446,599,7351,270,800,534640,050,5441,910,851,0782,175,153,73002,175,153,7302,635,32910,634,32713,269,6562,118,609,096474,769,9722,593,379,0682,593,379,068925,382,67735,946,003961,328,680961,328,680

2These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.PROJECTION OF ESTIMATED PROVED PRODUCTION AND REVENUEAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOSEC PRICEKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPSENSITIVITY20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31GrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasProductionProductionProductionProductionProductionProductionCompletions(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SubtotalRemainingTotalCumulativeUltimate20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Oil andNatural GasFuture GrossFuture GrossFuture GrossFuture GrossCondLiquidsGasRevenueRevenueRevenueRevenuePricesPricesPricesOil and CondNGLGasTotal($/bbl)($/bbl)($/Mcf)($)($)($)($)SubtotalRemainingTotal20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Production &Ad ValoremOperatingCapitalAbandonmentTaxesExpensesCostsCosts($)($)($)($)Future Net RevenuePresent Worth at 10 PercentAnnualCumulative($)($)AnnualCumulative($)($)Gross CompletionsOilGasInterests (Percent)DateWorkingRevenuePresent Worth Profile ($)SubtotalRemainingTotalMonth of Last Production:28,822,2493672,858,8482,330,200116,854,3631,050,6861,299,78681,417,83879.0327.002.49283,034,74535,087,984202,891,904321,014,633 5.00 Percent 8.00 Percent 9.00 Percent 12.00 Percent 15.00 Percent 20.00 Percent 25.00 Percent873,904,726767,054,403738,140,822665,550,834608,571,240536,162,641481,952,38613,838,01254,226,347514,706668,430251,767,138251,767,138240,109,358240,109,3583611,906,6491,533,24568,572,601678,234805,88246,376,29679.0827.012.49353,631,24921,769,548115,633,947191,034,7448,648,42438,278,4120120,583143,987,325395,754,463123,903,957364,013,3153581,486,3461,215,88351,954,554521,468625,88234,639,51179.0927.042.49541,241,57716,926,25586,437,084144,604,9166,716,79832,884,630054,368104,949,120500,703,58381,683,024445,696,3393531,231,6491,021,97542,642,067427,868519,48328,183,36979.0927.062.49733,840,32214,059,25370,363,288118,262,8635,624,74530,311,824073,80882,252,486582,956,06957,932,266503,628,6053461,058,896890,16236,575,203364,766448,61524,026,57979.0927.082.49828,849,92612,147,78260,009,938101,007,6466,325,55128,234,2820132,74566,315,068649,271,13742,269,220545,897,825344925,455787,35332,053,975317,127394,69320,961,09779.0927.092.49925,082,38810,692,46752,375,43588,150,2906,315,55826,273,322018,35555,543,055704,814,19232,031,637577,929,462341824,104708,89628,676,291280,246353,39218,681,13079.1027.102.50022,166,7929,578,26846,700,54778,445,6075,666,91524,227,179061,22348,490,290753,304,48225,309,550603,239,012336741,500645,38825,981,620250,271320,22616,876,81779.1127.122.50119,797,9598,682,82742,208,71070,689,4965,111,85022,725,9360108,03942,743,671796,048,15320,195,890623,434,902331673,439593,45323,833,931226,557294,03315,452,14379.1127.122.50217,923,1667,975,30938,659,73464,558,2094,834,85921,589,832088,48138,045,037834,093,19016,271,186639,706,088325612,959545,61321,844,370205,576270,07814,141,33779.1227.132.50316,265,1797,327,77835,394,92658,987,8834,670,01820,458,337074,23833,785,290867,878,48013,077,265652,783,353320565,816508,54520,196,608189,649251,26713,062,52779.1127.142.50315,004,2436,818,03032,692,60954,514,8824,530,90919,615,745091,07830,277,150898,155,63010,607,310663,390,663313522,798473,03618,752,154174,719233,69612,122,02579.1227.152.50313,823,4296,344,82230,339,78250,508,0334,200,86318,756,9760107,66227,442,532925,598,1628,703,754672,094,417308484,752443,84217,570,372161,765219,27611,350,65979.1227.152.50312,798,2145,953,17328,413,02547,164,4123,926,34818,079,975081,34825,076,741950,674,9037,198,818679,293,235300443,720414,91416,309,929147,900204,91210,528,84079.1227.152.50411,702,1675,563,34026,360,78743,626,2943,635,85217,157,0420126,94822,706,452973,381,3555,900,479685,193,714291411,643389,97615,155,266137,496192,6399,782,27679.1227.152.50410,878,2145,229,63224,491,22740,599,0733,382,37216,397,9220154,09320,664,686994,046,0414,860,672690,054,386283382,097366,03714,172,789127,577180,8489,152,86479.1227.142.50410,093,2784,908,85922,915,33337,917,4703,160,84715,777,4720148,82618,830,3251,012,876,3664,009,853694,064,239278355,064343,76913,320,883118,020169,5128,609,45279.1327.162.5049,338,3924,603,23921,557,68035,499,3112,963,83615,176,014077,92117,281,5401,030,157,9063,331,412697,395,651271326,293320,17312,450,555108,102157,8208,059,86879.1227.162.5058,553,3264,286,59220,188,87933,028,7972,763,22514,538,6270132,80015,594,1451,045,752,0512,720,512700,116,163259298,249298,29011,661,07599,215147,6747,572,04879.1127.152.5057,849,4474,009,81718,969,65930,828,9232,584,41613,923,769191,176170,75813,958,8041,059,710,8552,203,865702,320,028249274,110279,70810,946,11491,275138,6437,121,82679.1127.152.5057,220,3713,764,13717,840,63128,825,1392,420,49613,427,1300143,62512,833,8881,072,544,7431,834,913704,154,941PROVEDReserve Class:DEVELOPEDReserve Category:16,384,3872,012,17518,396,56247,218,81114,110,4582,909,42517,019,883599,524,720109,608,136709,132,8565,678,517705,4186,383,9357,228,3571,494,0888,722,445398,118,50272,578,054470,696,556449,094,38455,650,432504,744,816195,729,11240,356,973236,086,085994,445,125182,194,7821,176,639,9071,639,268,621278,202,1871,917,470,80879.0978.8979.0627.0827.0127.072.4982.5102.50014022705/2086101,321,89423,750,353125,072,247462,060,773154,196,284616,257,057705,8820705,8822,635,3294,059,2016,694,5301,072,544,74396,196,3491,168,741,0921,168,741,092704,154,9417,650,150711,805,091711,805,091

3These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.PROJECTION OF ESTIMATED PROVED PRODUCTION AND REVENUEAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOSEC PRICEKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPSENSITIVITY20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31GrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasProductionProductionProductionProductionProductionProductionCompletions(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SubtotalRemainingTotalCumulativeUltimate20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Oil andNatural GasFuture GrossFuture GrossFuture GrossFuture GrossCondLiquidsGasRevenueRevenueRevenueRevenuePricesPricesPricesOil and CondNGLGasTotal($/bbl)($/bbl)($/Mcf)($)($)($)($)SubtotalRemainingTotal20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Production &Ad ValoremOperatingCapitalAbandonmentTaxesExpensesCostsCosts($)($)($)($)Future Net RevenuePresent Worth at 10 PercentAnnualCumulative($)($)AnnualCumulative($)($)Gross CompletionsOilGasInterests (Percent)DateWorkingRevenuePresent Worth Profile ($)SubtotalRemainingTotalMonth of Last Production:28,822,2493602,858,8482,330,20099,348,5631,050,6861,299,78668,315,57479.0327.002.49183,034,74535,087,984170,140,133288,262,862 5.00 Percent 8.00 Percent 9.00 Percent 12.00 Percent 15.00 Percent 20.00 Percent 25.00 Percent800,849,265701,446,840674,514,483606,878,735553,808,042486,464,940436,172,97312,856,10752,880,9420668,430221,857,383221,857,383211,674,123211,674,1233541,906,6491,533,24560,779,856678,234805,88240,569,00879.0827.012.49353,631,24921,769,548101,122,836176,523,6338,165,37736,995,4820120,583131,242,191353,099,574112,913,457324,587,5803511,486,3461,215,88347,098,228521,468625,88231,023,70179.0927.042.49541,241,57716,926,25577,403,082135,570,9146,416,07431,949,606054,36897,150,866450,250,44075,607,500400,195,0803461,231,6491,021,97539,053,500427,868519,48325,512,58679.0927.062.49633,840,32214,059,25363,690,782111,590,3575,402,28329,521,594073,80876,592,672526,843,11253,944,426454,139,5063391,058,896890,16233,702,565364,766448,61521,889,14279.0927.082.49828,849,92612,147,78254,670,09695,667,8046,076,36927,301,9540132,74562,156,736588,999,84839,617,442493,756,948337925,455787,35329,660,630317,127394,69319,180,57779.0927.092.49925,082,38810,692,46747,927,35183,702,2065,887,19125,466,644018,35552,330,016641,329,86430,178,094523,935,042334824,104708,89626,615,415280,246353,39217,148,12179.1027.102.50022,166,7929,578,26842,870,86174,615,9215,290,12523,435,101061,22345,829,472687,159,33623,921,569547,856,611329741,500645,38824,168,800250,271320,22615,528,44579.1127.122.50119,797,9598,682,82738,840,30867,321,0944,780,44422,059,5100108,03940,373,101727,532,43719,075,674566,932,285324673,439593,45322,209,438226,557294,03314,243,93079.1127.122.50217,923,1667,975,30935,641,49761,539,9724,537,90520,969,072088,48135,944,514763,476,95115,372,824582,305,109318612,959545,61320,378,476205,576270,07813,051,13979.1227.132.50316,265,1797,327,77832,671,52256,264,4794,402,07219,876,125074,23831,912,044795,388,99512,352,172594,657,281313565,816508,54518,886,044189,649251,26712,082,91379.1127.142.50315,004,2436,818,03030,245,29952,067,5724,290,12919,102,824091,07828,583,541823,972,53610,013,897604,671,178307522,798473,03617,561,986174,719233,69611,229,40079.1227.152.50313,823,4296,344,82228,109,70148,277,9523,981,45218,292,235088,54425,915,721849,888,2578,219,584612,890,762302484,752443,84216,463,460161,765219,27610,520,47479.1227.152.50412,798,2145,953,17326,338,95445,090,3413,722,28817,635,339081,34823,651,366873,539,6236,789,629619,680,391294443,720414,91415,280,147147,900204,9129,756,50479.1227.152.50411,702,1675,563,34024,431,24641,696,7533,446,01116,731,0570126,94821,392,737894,932,3605,559,135625,239,526285411,643389,97614,189,770137,496192,6399,058,15479.1227.152.50410,878,2145,229,63222,682,14438,789,9903,204,38415,987,4910154,09319,444,022914,376,3824,573,560629,813,086277382,097366,03713,263,687127,577180,8488,471,03579.1227.142.50410,093,2784,908,85921,211,91836,214,0552,993,25315,380,6950148,82617,691,281932,067,6633,767,326633,580,412272355,064343,76912,459,376118,020169,5127,963,32279.1327.162.5049,338,3924,603,23919,943,45633,885,0872,805,01914,790,764077,92116,211,383948,279,0463,125,168636,705,580265326,293320,17311,636,006108,102157,8207,448,95779.1227.162.5058,553,3264,286,59218,662,64031,502,5582,613,06314,164,7770132,80014,591,918962,870,9642,545,687639,251,267253298,249298,29010,826,42399,215147,6746,956,81479.1127.152.5067,849,4474,009,81717,432,97729,292,2412,433,22513,517,7730170,75813,170,485976,041,4492,080,316641,331,583243274,110279,70810,145,12591,275138,6436,532,72279.1127.152.5067,220,3713,764,13716,369,25427,353,7622,275,73413,023,3460143,62511,911,057987,952,5061,702,980643,034,563PROVEDReserve Class:DEVELOPED PRODUCINGReserve Category:16,384,3872,012,17518,396,56247,218,81114,110,4582,909,42517,019,883543,727,49597,859,901641,587,3965,678,517705,4186,383,9357,228,3571,494,0888,722,445356,482,51863,817,439420,299,957449,094,38455,650,432504,744,816195,729,11240,356,973236,086,085890,406,057160,305,5961,050,711,6531,535,229,553256,313,0011,791,542,55479.0978.8979.0627.0827.0127.072.4982.5122.50014022004/208095,578,50521,596,754117,175,259449,082,331145,657,363594,739,6940002,616,2113,899,7896,516,000987,952,50685,159,0951,073,111,6011,073,111,601643,034,5636,942,704649,977,267649,977,267

4These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.PROJECTION OF ESTIMATED PROVED PRODUCTION AND REVENUEAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOSEC PRICEKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPSENSITIVITY20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31GrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasProductionProductionProductionProductionProductionProductionCompletions(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SubtotalRemainingTotalCumulativeUltimate20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Oil andNatural GasFuture GrossFuture GrossFuture GrossFuture GrossCondLiquidsGasRevenueRevenueRevenueRevenuePricesPricesPricesOil and CondNGLGasTotal($/bbl)($/bbl)($/Mcf)($)($)($)($)SubtotalRemainingTotal20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Production &Ad ValoremOperatingCapitalAbandonmentTaxesExpensesCostsCosts($)($)($)($)Future Net RevenuePresent Worth at 10 PercentAnnualCumulative($)($)AnnualCumulative($)($)Gross CompletionsOilGasInterests (Percent)DateWorkingRevenuePresent Worth Profile ($)SubtotalRemainingTotalMonth of Last Production:070017,505,8000013,102,2642.5000032,751,77132,751,771 5.00 Percent 8.00 Percent 9.00 Percent 12.00 Percent 15.00 Percent 20.00 Percent 25.00 Percent73,055,46165,607,56363,626,33958,672,09954,763,19849,697,70145,779,413981,9051,345,405514,706029,909,75529,909,75528,435,23528,435,2357007,792,745005,807,2882.4990014,511,11114,511,111483,0471,282,9300012,745,13442,654,88910,990,50039,425,7357004,856,326003,615,8102.498009,034,0029,034,002300,724935,024007,798,25450,453,1436,075,52445,501,2597003,588,567002,670,7832.498006,672,5066,672,506222,462790,230005,659,81456,112,9573,987,84049,489,0997002,872,638002,137,4372.498005,339,8425,339,842249,182932,328004,158,33260,271,2892,651,77852,140,8777002,393,345001,780,5202.498004,448,0844,448,084428,367806,678003,213,03963,484,3281,853,54353,994,4207002,060,876001,533,0092.498003,829,6863,829,686376,790792,078002,660,81866,145,1461,387,98155,382,4017001,812,820001,348,3722.498003,368,4023,368,402331,406666,426002,370,57068,515,7161,120,21656,502,6177001,624,493001,208,2132.498003,018,2373,018,237296,954620,760002,100,52370,616,239898,36257,400,9797001,465,894001,090,1982.498002,723,4042,723,404267,946582,212001,873,24672,489,485725,09358,126,0727001,310,56400979,6142.498002,447,3102,447,310240,780512,921001,693,60974,183,094593,41358,719,4856001,190,16800892,6252.498002,230,0812,230,081219,411464,741019,1181,526,81175,709,905484,17059,203,6556001,106,91200830,1852.498002,074,0712,074,071204,060444,636001,425,37577,135,280409,18959,612,8446001,029,78200772,3362.498001,929,5411,929,541189,841425,985001,313,71578,448,995341,34459,954,188600965,49600724,1222.498001,809,0831,809,083177,988410,431001,220,66479,669,659287,11260,241,300600909,10200681,8292.498001,703,4151,703,415167,594396,777001,139,04480,808,703242,52760,483,827600861,50700646,1302.498001,614,2241,614,224158,817385,250001,070,15781,878,860206,24460,690,071600814,54900610,9112.498001,526,2391,526,239150,162373,850001,002,22782,881,087174,82560,864,896600834,65200615,2342.498001,536,6821,536,682151,191405,996191,1760788,31983,669,406123,54960,988,445600800,98900589,1042.498001,471,3771,471,377144,762403,78400922,83184,592,237131,93361,120,378PROVEDReserve Class:DEVELOPED NON-PRODUCINGReserve Category:000000055,797,22511,748,23567,545,46000000041,635,9848,760,61550,396,599000000104,039,06821,889,186125,928,254104,039,06821,889,186125,928,2542.4992.4992.4990705/20865,743,3892,153,5997,896,98812,978,4428,538,92121,517,363705,8820705,88219,118159,412178,53084,592,23711,037,25495,629,49195,629,49161,120,378707,44661,827,82461,827,824

5These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.PROJECTION OF ESTIMATED PROVED PRODUCTION AND REVENUEAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOSEC PRICEKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPSENSITIVITY20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31GrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasProductionProductionProductionProductionProductionProductionCompletions(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SubtotalRemainingTotalCumulativeUltimate20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Oil andNatural GasFuture GrossFuture GrossFuture GrossFuture GrossCondLiquidsGasRevenueRevenueRevenueRevenuePricesPricesPricesOil and CondNGLGasTotal($/bbl)($/bbl)($/Mcf)($)($)($)($)SubtotalRemainingTotal20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Production &Ad ValoremOperatingCapitalAbandonmentTaxesExpensesCostsCosts($)($)($)($)Future Net RevenuePresent Worth at 10 PercentAnnualCumulative($)($)AnnualCumulative($)($)Gross CompletionsOilGasInterests (Percent)DateWorkingRevenuePresent Worth Profile ($)SubtotalRemainingTotalMonth of Last Production:0371,543,406494,38244,570,3911,071,499319,37732,873,42879.9528.072.48585,661,5208,964,45981,679,349176,305,328 5.00 Percent 8.00 Percent 9.00 Percent 12.00 Percent 15.00 Percent 20.00 Percent 25.00 Percent610,466,941363,286,690302,418,017163,025,76768,956,293-27,831,161-81,590,7678,088,13918,739,565278,152,6250-128,675,001-128,675,001-128,859,036-128,859,03640599,613769,70250,645,215410,758480,64836,804,36579.8526.862.49332,799,52812,910,21991,752,769137,462,5165,227,02018,862,79762,861,637050,511,062-78,163,93945,041,642-83,817,39481959,0192,103,50287,733,004571,4901,288,04863,485,13678.7926.772.49345,027,17434,487,002158,275,086237,789,2627,264,91921,781,407373,520,6740-164,777,738-242,941,677-130,557,844-214,375,2381291,531,2373,241,824167,258,650995,8952,043,495118,963,41578.4426.162.48978,115,91353,451,966296,071,362427,639,24115,939,26442,606,658374,045,2730-4,951,954-247,893,631-4,600,664-218,975,9021771,019,3341,964,899201,101,915618,6211,223,486144,764,65978.5026.212.48648,564,29532,065,205359,915,716440,545,21618,131,61859,584,406399,124,0350-36,294,843-284,188,474-24,179,928-243,155,830224705,8831,491,352225,367,912428,750933,554157,506,40678.6026.182.48833,699,72124,441,747391,934,609450,076,07719,360,61868,767,746314,849,200047,098,513-237,089,96126,515,804-216,640,026251589,2411,222,440208,497,709358,733765,975133,649,10478.6226.212.48828,205,06220,074,970332,460,306380,740,33816,918,84566,187,765150,162,4190147,471,309-89,618,65277,815,267-138,824,759284976,1401,085,945181,345,736303,906624,816119,012,28078.6426.262.48723,897,63216,407,912296,011,653336,317,19716,436,16660,715,249158,917,2190100,248,56310,629,91146,116,218-92,708,5412992,077,2831,279,505147,284,519536,701640,80594,877,67778.6226.092.48142,195,38016,717,482235,396,845294,309,70715,664,38556,732,81762,814,7660159,097,739169,727,65067,689,717-25,018,8243011,177,4811,128,607109,902,421416,338626,74372,110,66678.5625.892.48032,708,18816,229,427178,855,891227,793,50613,574,88850,373,12300163,845,495333,573,14563,522,30238,503,478301776,195903,45289,619,633287,802508,11659,156,09478.6026.052.48322,620,45613,236,029146,864,960182,721,44512,626,00845,122,98700124,972,450458,545,59543,833,63482,337,112301601,160774,38376,506,325234,438438,99650,681,80878.6126.142.48318,429,77511,473,571125,863,889155,767,23511,804,48441,513,41600102,449,335560,994,93032,516,581114,853,693301498,804689,68767,352,193202,239393,56844,732,24478.6226.182.48415,900,03210,305,140111,109,022137,314,19411,369,14038,400,4130087,544,641648,539,57125,146,419140,000,112301427,359622,73260,069,106178,535357,16739,971,43478.6326.212.48414,037,5759,362,95099,296,123122,696,64810,910,59736,009,7440075,776,307724,315,87819,695,176159,695,288301376,119571,00554,453,703160,824328,79336,288,25278.6326.242.48412,646,1888,626,31190,154,776111,427,2759,928,45733,778,5380067,720,280792,036,15815,933,027175,628,315301336,371528,21349,872,032146,497305,10533,274,13278.6326.252.48511,519,2648,009,40282,672,435102,201,1019,145,72432,180,3090060,875,068852,911,22612,965,233188,593,548301304,981492,92646,169,241134,739285,40030,833,41578.6326.262.48510,595,2737,495,57476,612,63494,703,4818,502,35730,918,1040055,283,020908,194,24610,657,035199,250,583301277,148459,02642,783,748123,824266,26028,595,64678.6426.272.4859,736,4586,994,76971,055,33487,786,5617,887,34629,761,7000050,137,515958,331,7618,747,795207,998,378301254,063429,59339,968,530114,469249,51526,732,33478.6426.282.4859,001,5456,556,05966,427,53181,985,1357,384,74728,797,6940045,802,6941,004,134,4557,234,265215,232,643301233,412402,16137,494,242105,690233,69625,091,35678.6326.272.4858,310,8136,139,83562,351,87276,802,5206,967,29927,905,3230041,929,8981,046,064,3535,995,093221,227,736PROVEDReserve Class:UNDEVELOPEDReserve Category:15,264,2492,270,41217,534,66117,534,66120,655,3364,847,03925,502,3751,987,996,225484,035,5282,472,031,7537,401,748995,6518,397,39912,313,5632,790,94215,104,5051,349,403,851324,774,9921,674,178,843583,671,79278,169,944661,841,736323,950,02973,405,278397,355,3073,354,762,162807,823,2544,162,585,4164,262,383,983959,398,4765,221,782,45978.8678.5178.8226.3126.3026.312.4862.4872.4865224908/2086233,132,02188,395,467321,527,488808,739,761485,854,2601,294,594,0212,174,447,84802,174,447,84806,575,1266,575,1261,046,064,353378,573,6231,424,637,9761,424,637,976221,227,73628,295,853249,523,589249,523,589

6THIS PAGE LEFT BLANK INTENTIONALLY

7These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.PROJECTION OF ESTIMATED PROVED PRODUCTION AND REVENUEAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOSEC PRICEKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPSENSITIVITY KIMMERIDGE PROVED. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 DEVELOPED PRODUCING. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 DEVELOPED NON-PRODUCING. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 UNDEVELOPED. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 BBOG PROVED. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 DEVELOPED PRODUCING. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 UNDEVELOPED. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

8THIS PAGE LEFT BLANK INTENTIONALLY

9These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.PROJECTION OF ESTIMATED PROVED PRODUCTION AND REVENUEAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOSEC PRICEKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPSENSITIVITY20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31GrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasProductionProductionProductionProductionProductionProductionCompletions(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SubtotalRemainingTotalCumulativeUltimate20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Oil andNatural GasFuture GrossFuture GrossFuture GrossFuture GrossCondLiquidsGasRevenueRevenueRevenueRevenuePricesPricesPricesOil and CondNGLGasTotal($/bbl)($/bbl)($/Mcf)($)($)($)($)SubtotalRemainingTotal20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Production &Ad ValoremOperatingCapitalAbandonmentTaxesExpensesCostsCosts($)($)($)($)Future Net RevenuePresent Worth at 10 PercentAnnualCumulative($)($)AnnualCumulative($)($)Gross CompletionsOilGasInterests (Percent)DateWorkingRevenuePresent Worth Profile ($)SubtotalRemainingTotalMonth of Last Production:325,8012166,8870138,411,1503,8960100,700,16078.222.501304,5940251,883,626252,188,220 5.00 Percent 8.00 Percent 9.00 Percent 12.00 Percent 15.00 Percent 20.00 Percent 25.00 Percent668,238,829464,854,767414,825,957300,269,758222,834,497142,586,40597,035,19811,161,91543,845,573165,737,365394,53231,048,83531,048,83526,486,32026,486,3202155,763097,595,1783,259070,556,86678.222.503254,9050176,577,675176,832,5808,011,63634,589,58733,722,00672,083100,437,268131,486,10386,755,815113,242,1352294,9250110,756,9482,782080,731,99578.222.501217,5300201,911,931202,129,4618,117,33129,300,534188,203,03929,368-23,520,811107,965,292-20,280,75292,961,3832644,2230167,485,9362,3810120,353,25378.222.499186,5660300,775,329300,961,89514,081,36037,373,510347,928,15159,956-98,481,0829,484,210-70,578,75722,382,6263053,6900211,361,2612,0850152,597,78678.222.495162,9320380,747,856380,910,78819,128,71662,471,841392,301,83682,745-93,074,350-83,590,140-60,280,729-37,898,1033463,2290235,492,6351,8220164,930,18578.222.494142,6620411,332,806411,475,46821,451,05272,912,961290,296,31818,35526,796,782-56,793,35815,160,936-22,737,1673702,8510218,740,2801,6130140,994,49478.222.494126,0110351,583,601351,709,61218,901,85969,962,636149,433,33036,223113,375,56456,582,20659,957,18237,220,0153932,5230191,618,5911,4240126,572,59578.222.494111,5600315,608,786315,720,34618,345,82765,287,437154,000,41058,03978,028,633134,610,83935,673,90372,893,9183952,2540155,871,8071,2750101,781,90778.222.49499,2950253,862,750253,962,04516,258,58059,229,841014,684178,458,940313,069,77976,507,990149,401,9083941,9950116,691,3191,125077,304,21278.222.49588,2640192,905,664192,993,92814,415,13252,054,389019,118126,505,289439,575,06849,030,718198,432,6263891,781097,101,9941,003064,690,60478.222.49678,6770161,471,506161,550,18313,753,73847,691,716091,078100,013,651539,588,71935,071,719233,504,3453821,588084,114,210899056,230,67378.222.49770,3410140,381,903140,452,24412,869,49044,443,8490107,66283,031,243622,619,96226,351,297259,855,6423801,422074,810,812802050,124,86978.222.49762,5880125,159,686125,222,27412,083,06941,411,150029,36871,698,687694,318,64920,592,122280,447,7643761,200067,122,350679045,048,03978.222.49753,2010112,498,259112,551,46011,072,02138,810,785069,05262,599,602756,918,25116,269,778296,717,5423691,076061,034,952612041,020,64078.222.49747,6800102,448,983102,496,66310,082,93236,254,5950130,88556,028,251812,946,50213,181,706309,899,248362970056,061,633545037,723,99378.222.49842,868094,221,56394,264,4319,273,13734,439,7870135,19650,416,311863,362,81310,737,248320,636,496357864052,011,927491035,037,28778.222.49838,374087,511,97387,550,3478,612,67432,989,398077,92145,870,354909,233,1678,842,634329,479,130352767048,259,936436032,544,49278.222.49834,140081,288,60881,322,7488,000,09831,641,069083,34641,598,235950,831,4027,257,634336,736,764346667045,108,784379030,452,61478.222.49829,621076,062,80976,092,4307,485,64730,458,760191,17695,81937,861,028988,692,4305,978,838342,715,602338601042,327,358340028,600,45278.222.49826,689071,435,30071,461,9897,030,12729,447,0160138,87934,845,9671,023,538,3974,981,963347,697,565KIMMERIDGEProperties:PROVEDReserve Class:49,2764,03053,306379,1070002,271,979,061524,463,2712,796,442,33227,8482,29830,1460001,557,997,116356,261,2081,914,258,3242,178,498179,6082,358,1060003,889,670,614889,449,9604,779,120,5743,891,849,112889,629,5684,781,478,68078.2278.2278.222.4972.4972.497041708/2086250,136,34187,522,567337,658,908894,616,434477,248,0861,371,864,5201,721,813,63101,721,813,6311,744,3097,371,7899,116,0981,023,538,397317,487,1261,341,025,5231,341,025,523347,697,56523,662,391371,359,956371,359,956

10These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.PROJECTION OF ESTIMATED PROVED PRODUCTION AND REVENUEAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOSEC PRICEKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPSENSITIVITY20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31GrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasProductionProductionProductionProductionProductionProductionCompletions(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SubtotalRemainingTotalCumulativeUltimate20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Oil andNatural GasFuture GrossFuture GrossFuture GrossFuture GrossCondLiquidsGasRevenueRevenueRevenueRevenuePricesPricesPricesOil and CondNGLGasTotal($/bbl)($/bbl)($/Mcf)($)($)($)($)SubtotalRemainingTotal20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Production &Ad ValoremOperatingCapitalAbandonmentTaxesExpensesCostsCosts($)($)($)($)Future Net RevenuePresent Worth at 10 PercentAnnualCumulative($)($)AnnualCumulative($)($)Gross CompletionsOilGasInterests (Percent)DateWorkingRevenuePresent Worth Profile ($)SubtotalRemainingTotalMonth of Last Production:325,8011926,887080,443,2143,896057,342,49578.222.507304,5940143,732,841144,037,435 5.00 Percent 8.00 Percent 9.00 Percent 12.00 Percent 15.00 Percent 20.00 Percent 25.00 Percent335,358,156296,502,146285,909,958259,170,294238,029,390210,958,100190,525,6337,135,31434,442,5130394,532102,065,076102,065,07697,461,11897,461,1181885,763048,334,2923,259033,691,09178.222.514254,905084,705,37384,960,2784,455,17623,356,822072,08357,076,197159,141,27349,116,121146,577,2391864,925037,278,3532,782025,693,95078.222.518217,530064,704,71164,922,2413,553,99620,120,695029,36841,218,182200,359,45532,084,703178,661,9421824,223030,833,2752,381021,099,60978.222.521186,566053,188,09553,374,6613,028,30618,775,130059,95631,511,269231,870,72422,200,395200,862,3371773,690026,565,1152,085018,085,72478.222.523162,932045,624,46245,787,3943,937,01017,333,269082,74524,434,370256,305,09415,578,836216,441,1731763,229023,361,0261,822015,839,46378.222.524142,662039,983,93940,126,6013,943,74816,077,738018,35520,086,760276,391,85411,584,036228,025,2091742,851020,951,3241,613014,157,46078.222.526126,011035,756,61435,882,6253,526,67814,603,550036,22317,716,174294,108,0289,247,342237,272,5511712,523019,016,1841,424012,817,88278.222.527111,560032,386,68032,498,2403,194,11713,741,368058,03915,504,716309,612,7447,326,243244,598,7941702,254017,474,2201,275011,755,10078.222.52899,295029,711,48429,810,7792,930,06013,053,997014,68413,812,038323,424,7825,907,207250,506,0011691,995016,025,3691,125010,763,41078.222.52888,264027,213,95627,302,2202,683,58012,336,000019,11812,263,522335,688,3044,746,424255,252,4251641,781014,830,8371,00309,955,18278.222.52878,677025,169,34825,248,0252,481,72611,744,296091,07810,930,925346,619,2293,828,944259,081,3691581,588013,803,95089909,262,29178.222.52870,341023,417,50823,487,8492,308,82511,243,062088,5449,847,418356,466,6473,123,169262,204,5381561,422012,937,99380208,675,60978.222.52962,588021,937,14221,999,7302,162,64010,810,978029,3688,996,744365,463,3912,582,994264,787,5321521,200011,981,86867908,030,63778.222.52953,201020,310,96420,364,1652,001,96710,210,185069,0528,082,961373,546,3522,100,499266,888,0311451,076011,089,79061207,435,88278.222.53047,680018,809,12618,856,8061,853,8419,587,1410130,8857,284,939380,831,2911,713,523268,601,554138970010,352,87454506,947,39478.222.53042,868017,574,31717,617,1851,732,0159,125,7410135,1966,624,233387,455,5241,410,375270,011,92913386409,721,76649106,531,61878.222.52938,374016,519,71016,558,0841,627,9438,736,235077,9216,115,985393,571,5091,179,079271,191,00812876709,081,41243606,112,38978.222.52934,140015,459,97815,494,1181,523,3888,352,435083,3465,534,949399,106,458965,515272,156,52312266708,445,48137905,705,05178.222.52929,621014,429,13214,458,7531,421,6647,925,957095,8195,015,313404,121,771792,098272,948,62111460107,912,18534005,357,26078.222.52926,689013,547,95713,574,6461,334,7557,603,2470138,8794,497,765408,619,536642,934273,591,555KIMMERIDGEProperties:PROVEDReserve Class:DEVELOPED PRODUCINGReserve Category:49,2764,03053,306379,107000430,440,52874,252,884504,693,41227,8482,29830,146000295,259,49751,042,016346,301,5132,178,498179,6082,358,106000744,183,337129,116,037873,299,374746,361,835129,295,645875,657,48078.2278.2278.222.5202.5302.522019201/207956,836,74912,715,42369,552,172279,180,35982,734,241361,914,6000001,725,1912,292,9574,018,148408,619,53631,553,024440,172,560440,172,560273,591,5552,641,692276,233,247276,233,247

11These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.PROJECTION OF ESTIMATED PROVED PRODUCTION AND REVENUEAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOSEC PRICEKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPSENSITIVITY20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31GrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasProductionProductionProductionProductionProductionProductionCompletions(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SubtotalRemainingTotalCumulativeUltimate20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Oil andNatural GasFuture GrossFuture GrossFuture GrossFuture GrossCondLiquidsGasRevenueRevenueRevenueRevenuePricesPricesPricesOil and CondNGLGasTotal($/bbl)($/bbl)($/Mcf)($)($)($)($)SubtotalRemainingTotal20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Production &Ad ValoremOperatingCapitalAbandonmentTaxesExpensesCostsCosts($)($)($)($)Future Net RevenuePresent Worth at 10 PercentAnnualCumulative($)($)AnnualCumulative($)($)Gross CompletionsOilGasInterests (Percent)DateWorkingRevenuePresent Worth Profile ($)SubtotalRemainingTotalMonth of Last Production:070017,505,8000013,102,2642.5000032,751,77132,751,771 5.00 Percent 8.00 Percent 9.00 Percent 12.00 Percent 15.00 Percent 20.00 Percent 25.00 Percent73,055,46165,607,56363,626,33958,672,09954,763,19849,697,70145,779,413981,9051,345,405514,706029,909,75529,909,75528,435,23528,435,2357007,792,745005,807,2882.4990014,511,11114,511,111483,0471,282,9300012,745,13442,654,88910,990,50039,425,7357004,856,326003,615,8102.498009,034,0029,034,002300,724935,024007,798,25450,453,1436,075,52445,501,2597003,588,567002,670,7832.498006,672,5066,672,506222,462790,230005,659,81456,112,9573,987,84049,489,0997002,872,638002,137,4372.498005,339,8425,339,842249,182932,328004,158,33260,271,2892,651,77852,140,8777002,393,345001,780,5202.498004,448,0844,448,084428,367806,678003,213,03963,484,3281,853,54353,994,4207002,060,876001,533,0092.498003,829,6863,829,686376,790792,078002,660,81866,145,1461,387,98155,382,4017001,812,820001,348,3722.498003,368,4023,368,402331,406666,426002,370,57068,515,7161,120,21656,502,6177001,624,493001,208,2132.498003,018,2373,018,237296,954620,760002,100,52370,616,239898,36257,400,9797001,465,894001,090,1982.498002,723,4042,723,404267,946582,212001,873,24672,489,485725,09358,126,0727001,310,56400979,6142.498002,447,3102,447,310240,780512,921001,693,60974,183,094593,41358,719,4856001,190,16800892,6252.498002,230,0812,230,081219,411464,741019,1181,526,81175,709,905484,17059,203,6556001,106,91200830,1852.498002,074,0712,074,071204,060444,636001,425,37577,135,280409,18959,612,8446001,029,78200772,3362.498001,929,5411,929,541189,841425,985001,313,71578,448,995341,34459,954,188600965,49600724,1222.498001,809,0831,809,083177,988410,431001,220,66479,669,659287,11260,241,300600909,10200681,8292.498001,703,4151,703,415167,594396,777001,139,04480,808,703242,52760,483,827600861,50700646,1302.498001,614,2241,614,224158,817385,250001,070,15781,878,860206,24460,690,071600814,54900610,9112.498001,526,2391,526,239150,162373,850001,002,22782,881,087174,82560,864,896600834,65200615,2342.498001,536,6821,536,682151,191405,996191,1760788,31983,669,406123,54960,988,445600800,98900589,1042.498001,471,3771,471,377144,762403,78400922,83184,592,237131,93361,120,378KIMMERIDGEProperties:PROVEDReserve Class:DEVELOPED NON-PRODUCINGReserve Category:000000055,797,22511,748,23567,545,46000000041,635,9848,760,61550,396,599000000104,039,06821,889,186125,928,254104,039,06821,889,186125,928,2542.4992.4992.4990705/20865,743,3892,153,5997,896,98812,978,4428,538,92121,517,363705,8820705,88219,118159,412178,53084,592,23711,037,25495,629,49195,629,49161,120,378707,44661,827,82461,827,824

12These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.PROJECTION OF ESTIMATED PROVED PRODUCTION AND REVENUEAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOSEC PRICEKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPSENSITIVITY20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31GrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasProductionProductionProductionProductionProductionProductionCompletions(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SubtotalRemainingTotalCumulativeUltimate20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Oil andNatural GasFuture GrossFuture GrossFuture GrossFuture GrossCondLiquidsGasRevenueRevenueRevenueRevenuePricesPricesPricesOil and CondNGLGasTotal($/bbl)($/bbl)($/Mcf)($)($)($)($)SubtotalRemainingTotal20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Production &Ad ValoremOperatingCapitalAbandonmentTaxesExpensesCostsCosts($)($)($)($)Future Net RevenuePresent Worth at 10 PercentAnnualCumulative($)($)AnnualCumulative($)($)Gross CompletionsOilGasInterests (Percent)DateWorkingRevenuePresent Worth Profile ($)SubtotalRemainingTotalMonth of Last Production:0170040,462,1360030,255,4012.4920075,399,01475,399,014 5.00 Percent 8.00 Percent 9.00 Percent 12.00 Percent 15.00 Percent 20.00 Percent 25.00 Percent259,825,212102,745,05865,289,660-17,572,635-69,958,091-118,069,396-139,269,8483,044,6968,057,655165,222,6590-100,925,996-100,925,996-99,410,033-99,410,033200041,468,1410031,058,4872.4910077,361,19177,361,1913,073,4139,949,83533,722,006030,615,937-70,310,05926,649,194-72,760,839360068,622,2690051,422,2352.49300128,173,218128,173,2184,262,6118,244,815188,203,0390-72,537,247-142,847,306-58,440,979-131,201,8187500133,064,0940096,582,8612.49400240,914,728240,914,72810,830,59217,808,150347,928,1510-135,652,165-278,499,471-96,766,992-227,968,81012100181,923,50800132,374,6252.49100329,783,552329,783,55214,942,52444,206,244392,301,8360-121,667,052-400,166,523-78,511,343-306,480,15316300209,738,26400147,310,2022.49100366,900,783366,900,78317,078,93756,028,545290,296,31803,496,983-396,669,5401,723,357-304,756,79618900195,728,08000125,304,0252.49000311,997,301311,997,30114,998,39154,567,008149,433,330092,998,572-303,670,96849,321,859-255,434,93721500170,789,58700112,406,3412.49000279,853,704279,853,70414,820,30450,879,643154,000,410060,153,347-243,517,62127,227,444-228,207,49321800136,773,0940088,818,5942.49000221,133,029221,133,02913,031,56645,555,08400162,546,379-80,971,24269,702,421-158,505,0722180099,200,0560065,450,6042.49000162,968,304162,968,30411,463,60639,136,17700112,368,52131,397,27943,559,201-114,945,8712180080,960,5930053,755,8082.49000133,854,848133,854,84811,031,23235,434,4990087,389,117118,786,39630,649,362-84,296,5092180069,120,0920046,075,7572.49000114,734,314114,734,31410,341,25432,736,0460071,657,014190,443,41022,743,958-61,552,5512180060,765,9070040,619,0752.49000101,148,473101,148,4739,716,36930,155,5360061,276,568251,719,97817,599,939-43,952,6122180054,110,7000036,245,0662.4900090,257,75490,257,7548,880,21328,174,6150053,202,926304,922,90413,827,935-30,124,6772180048,979,6660032,860,6362.4900081,830,77481,830,7748,051,10326,257,0230047,522,648352,445,55211,181,071-18,943,6062180044,799,6570030,094,7702.4900074,943,83174,943,8317,373,52824,917,2690042,653,034395,098,5869,084,346-9,859,2602180041,428,6540027,859,5392.4900069,378,03969,378,0396,825,91423,867,9130038,684,212433,782,7987,457,311-2,401,9492180038,363,9750025,821,1922.4900064,302,39164,302,3916,326,54822,914,7840035,061,059468,843,8576,117,2943,715,3452180035,828,6510024,132,3292.4900060,096,99560,096,9955,912,79222,126,8070032,057,396500,901,2535,063,1918,778,5362180033,614,1840022,654,0882.4900056,415,96656,415,9665,550,61021,439,9850029,425,371530,326,6244,207,09612,985,632KIMMERIDGEProperties:PROVEDReserve Class:UNDEVELOPEDReserve Category:00000001,785,741,308438,462,1522,224,203,4600000001,221,101,635296,458,5771,517,560,2120000003,041,448,209738,444,7373,779,892,9463,041,448,209738,444,7373,779,892,9462.4912.4912.491021808/2086187,556,20372,653,545260,209,748602,457,633385,974,924988,432,5571,721,107,74901,721,107,74904,919,4204,919,420530,326,624274,896,848805,223,472805,223,47212,985,63220,313,25333,298,88533,298,885

13These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.PROJECTION OF ESTIMATED PROVED PRODUCTION AND REVENUEAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOSEC PRICEKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPSENSITIVITY20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31GrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasProductionProductionProductionProductionProductionProductionCompletions(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SubtotalRemainingTotalCumulativeUltimate20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Oil andNatural GasFuture GrossFuture GrossFuture GrossFuture GrossCondLiquidsGasRevenueRevenueRevenueRevenuePricesPricesPricesOil and CondNGLGasTotal($/bbl)($/bbl)($/Mcf)($)($)($)($)SubtotalRemainingTotal20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Production &Ad ValoremOperatingCapitalAbandonmentTaxesExpensesCostsCosts($)($)($)($)Future Net RevenuePresent Worth at 10 PercentAnnualCumulative($)($)AnnualCumulative($)($)Gross CompletionsOilGasInterests (Percent)DateWorkingRevenuePresent Worth Profile ($)SubtotalRemainingTotalMonth of Last Production:28,496,4481884,395,3672,824,58223,013,6042,118,2891,619,16313,591,10679.4927.212.405168,391,67144,052,44332,687,627245,131,741 5.00 Percent 8.00 Percent 9.00 Percent 12.00 Percent 15.00 Percent 20.00 Percent 25.00 Percent816,132,838665,486,326625,732,882528,306,843454,693,036365,745,075303,326,42110,764,23629,120,339112,929,966273,89892,043,30292,043,30284,764,00284,764,0021862,500,4992,302,94721,622,6381,085,7331,286,53012,623,79579.3726.962.44186,175,87234,679,76730,809,041151,664,6805,863,80822,551,62229,139,63148,50094,061,119186,104,42182,189,784166,953,7862102,440,4403,319,38528,930,6101,090,1761,913,93017,392,65278.9326.862.46186,051,22151,413,25742,800,239180,264,7175,864,38625,365,503185,317,63525,000-36,307,807149,796,614-28,594,068138,359,7182182,758,6634,263,79942,414,7811,421,3822,562,97826,793,53178.6326.342.451111,769,66967,511,21965,659,321244,940,2097,482,64935,544,97226,117,12213,852175,781,614325,578,228123,910,359262,270,0772182,074,5402,855,06126,315,857981,3021,672,10116,193,45278.7226.442.41977,251,28944,212,98739,177,798160,642,0745,328,45325,346,8476,822,19950,000123,094,575448,672,80378,370,021340,640,0982221,628,1092,278,70521,929,252744,0551,328,24713,537,31878.8126.452.43658,639,44735,134,21432,977,238126,750,8994,225,12422,128,10724,552,882075,844,786524,517,58943,386,505384,026,6032221,410,4941,931,33618,433,720637,3661,119,36711,335,74078.8326.492.43350,245,84329,653,23827,577,252107,476,3333,683,90120,452,308729,08925,00082,586,035607,103,62443,167,635427,194,2382271,715,1171,731,33315,708,765552,753945,0429,316,50278.8526.552.42743,584,03125,090,73922,611,57791,286,3473,202,18918,153,7484,916,80950,00064,963,601672,067,22530,638,205457,832,4432352,748,4681,872,95815,246,643761,983934,8388,547,91378.7726.412.36260,019,25124,692,79120,193,829104,905,8714,240,66419,092,80862,814,76673,79718,683,836690,751,0617,452,913465,285,3562321,788,4451,674,22015,055,472620,789896,8218,947,79178.7526.272.38648,885,10323,557,20521,345,15393,787,4613,829,77418,777,071055,12071,125,496761,876,55727,568,849492,854,2052321,340,2301,411,99712,714,247476,448759,3837,528,01778.8026.412.40237,546,02220,054,05918,086,06375,686,1443,403,17917,047,0160055,235,949817,112,50619,369,225512,223,4302321,122,3701,247,41911,144,269408,258672,6926,573,16078.8326.492.40732,182,86317,818,39315,821,76865,823,0243,135,85715,826,5430046,860,624863,973,13014,869,038527,092,468229982,1341,133,52910,111,753363,202612,8445,958,03478.8426.532.41128,635,65816,258,31314,362,36159,256,3323,212,41915,069,238051,98040,922,695904,895,82511,753,115538,845,583225869,8791,037,6469,256,685325,756562,0795,452,23578.8526.552.41325,686,54114,926,29013,158,65153,771,4823,474,42814,356,001057,89635,883,157940,778,9829,325,877548,171,460223786,686960,9818,574,017297,708521,4325,049,88878.8626.572.41523,476,72213,855,94312,197,02049,529,6853,227,89713,921,865023,20832,356,715973,135,6977,611,993555,783,453222717,498894,2507,983,188273,529485,9534,703,00378.8626.582.41721,569,67412,918,26111,366,20545,854,1403,033,43413,517,994013,63029,289,0821,002,424,7796,237,838562,021,291222659,181836,6957,478,197252,268454,9124,405,58078.8726.602.41919,895,29112,098,81310,658,34142,652,4452,853,51913,104,7200026,694,2061,029,118,9855,145,813567,167,104220602,674779,1996,974,367231,490424,0804,111,02278.8626.602.42218,255,64411,281,3619,955,60539,492,6102,650,47312,659,258049,45424,133,4251,053,252,4104,210,673571,377,777214551,645727,8836,520,821213,305397,1893,851,76878.8626.602.42316,821,37110,565,8769,334,38136,721,6282,483,51612,262,703074,93921,900,4701,075,152,8803,459,292574,837,069212506,921681,8696,112,998196,625372,3393,612,73078.8526.602.42415,504,4959,903,9728,757,20334,165,6702,357,66811,885,43704,74619,917,8191,095,070,6992,848,043577,685,112BBOGProperties:PROVEDReserve Class:31,599,3604,278,55735,877,91764,374,36534,765,7947,756,46442,522,258315,541,88469,180,393384,722,27713,052,4171,698,77114,751,18819,541,9204,285,03023,826,950189,525,23741,091,838230,617,0751,030,587,678133,640,7681,164,228,446519,679,141113,762,251633,441,392459,536,673100,568,076560,104,7492,009,803,492347,971,0952,357,774,58778.9678.6778.9226.5926.5526.592.4252.4472.4291925912/208184,317,57424,623,253108,940,827376,184,100162,802,458538,986,558453,340,0990453,340,099891,0203,262,5384,153,5581,095,070,699157,282,8461,252,353,5451,252,353,545577,685,11212,283,612589,968,724589,968,724

14These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.PROJECTION OF ESTIMATED PROVED PRODUCTION AND REVENUEAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOSEC PRICEKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPSENSITIVITY20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31GrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasProductionProductionProductionProductionProductionProductionCompletions(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SubtotalRemainingTotalCumulativeUltimate20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Oil andNatural GasFuture GrossFuture GrossFuture GrossFuture GrossCondLiquidsGasRevenueRevenueRevenueRevenuePricesPricesPricesOil and CondNGLGasTotal($/bbl)($/bbl)($/Mcf)($)($)($)($)SubtotalRemainingTotal20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Production &Ad ValoremOperatingCapitalAbandonmentTaxesExpensesCostsCosts($)($)($)($)Future Net RevenuePresent Worth at 10 PercentAnnualCumulative($)($)AnnualCumulative($)($)Gross CompletionsOilGasInterests (Percent)DateWorkingRevenuePresent Worth Profile ($)SubtotalRemainingTotalMonth of Last Production:28,496,4481682,851,9612,330,20018,905,3491,046,7901,299,78610,973,07979.0327.002.40782,730,15135,087,98426,407,292144,225,427 5.00 Percent 8.00 Percent 9.00 Percent 12.00 Percent 15.00 Percent 20.00 Percent 25.00 Percent465,491,109404,944,694388,604,525347,708,441315,778,652275,506,840245,647,3405,720,79318,438,4290273,898119,792,307119,792,307114,213,005114,213,0051661,900,8861,533,24512,445,564674,975805,8826,877,91779.0827.012.38753,376,34421,769,54816,417,46391,563,3553,710,20113,638,660048,50074,165,994193,958,30163,797,336178,010,3411651,481,4211,215,8839,819,875518,686625,8825,329,75179.0927.042.38341,024,04716,926,25512,698,37170,648,6732,862,07811,828,911025,00055,932,684249,890,98543,522,797221,533,1381641,227,4261,021,9758,220,225425,487519,4834,412,97779.1027.062.38033,653,75614,059,25310,502,68758,215,6962,373,97710,746,464013,85245,081,403294,972,38831,744,031253,277,1691621,055,206890,1627,137,450362,681448,6153,803,41879.1027.082.37828,686,99412,147,7829,045,63449,880,4102,139,3599,968,685050,00037,722,366332,694,75424,038,606277,315,775161922,226787,3536,299,604315,305394,6933,341,11479.1027.092.37724,939,72610,692,4677,943,41243,575,6051,943,4439,388,9060032,243,256364,938,01018,594,058295,909,833160821,253708,8965,664,091278,633353,3922,990,66179.1027.102.37922,040,7819,578,2687,114,24738,733,2961,763,4478,831,551025,00028,113,298393,051,30814,674,227310,584,060158738,977645,3885,152,616248,847320,2262,710,56379.1127.122.38119,686,3998,682,8276,453,62834,822,8541,586,3278,318,142050,00024,868,385417,919,69311,749,431322,333,491154671,185593,4534,735,218225,282294,0332,488,83079.1227.122.38317,823,8717,975,3095,930,01331,729,1931,607,8457,915,075073,79722,132,476440,052,1699,465,617331,799,108149610,964545,6134,353,107204,451270,0782,287,72979.1227.132.38616,176,9157,327,7785,457,56628,962,2591,718,4927,540,125055,12019,648,522459,700,6917,605,748339,404,856149564,035508,5454,055,207188,646251,2672,127,73179.1227.142.38614,925,5666,818,0305,075,95126,819,5471,808,4037,358,5280017,652,616477,353,3076,184,953345,589,809149521,210473,0363,758,036173,820233,6961,967,10979.1227.152.38513,753,0886,344,8224,692,19324,790,1031,672,6277,049,1730016,068,303493,421,6105,096,415350,686,224146483,330443,8423,525,467160,963219,2761,844,86579.1227.152.38612,735,6265,953,1734,401,81223,090,6111,559,6486,824,361051,98014,654,622508,076,2324,206,635354,892,859142442,520414,9143,298,279147,221204,9121,725,86779.1227.152.38711,648,9665,563,3404,120,28221,332,5881,444,0446,520,872057,89613,309,776521,386,0083,458,636358,351,495140410,567389,9763,099,980136,884192,6391,622,27279.1227.152.38710,830,5345,229,6323,873,01819,933,1841,350,5436,400,350023,20812,159,083533,545,0912,860,037361,211,532139381,127366,0372,910,813127,032180,8481,523,64179.1227.142.38710,050,4104,908,8593,637,60118,596,8701,261,2386,254,954013,63011,067,048544,612,1392,356,951363,568,483139354,200343,7692,737,610117,529169,5121,431,70479.1327.162.3919,300,0184,603,2393,423,74617,327,0031,177,0766,054,5290010,095,398554,707,5371,946,089365,514,572137325,526320,1732,554,594107,666157,8201,336,56879.1327.162.3968,519,1864,286,5923,202,66216,008,4401,089,6755,812,342049,4549,056,969563,764,5061,580,172367,094,744131297,582298,2902,380,94298,836147,6741,251,76379.1227.152.4007,819,8264,009,8173,003,84514,833,4881,011,5615,591,816074,9398,155,172571,919,6781,288,218368,382,962129273,509279,7082,232,94090,935138,6431,175,46279.1127.152.4007,193,6823,764,1372,821,29713,779,116940,9795,420,09904,7467,413,292579,332,9701,060,046369,443,008BBOGProperties:PROVEDReserve Class:DEVELOPED PRODUCINGReserve Category:16,335,1112,008,14518,343,25646,839,70414,110,4582,909,42517,019,883113,286,96723,607,017136,893,9845,650,669703,1206,353,7897,228,3571,494,0888,722,44561,223,02112,775,42373,998,444446,915,88655,470,824502,386,710195,729,11240,356,973236,086,085146,222,72031,189,559177,412,279788,867,718127,017,356915,885,07479.0978.8979.0727.0827.0127.072.3882.4412.3981402804/208038,741,7568,881,33147,623,087169,901,97262,923,122232,825,094000891,0201,606,8322,497,852579,332,97053,606,071632,939,041632,939,041369,443,0084,301,012373,744,020373,744,020

15These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.PROJECTION OF ESTIMATED PROVED PRODUCTION AND REVENUEAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOSEC PRICEKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPSENSITIVITY20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31GrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasProductionProductionProductionProductionProductionProductionCompletions(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SubtotalRemainingTotalCumulativeUltimate20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Oil andNatural GasFuture GrossFuture GrossFuture GrossFuture GrossCondLiquidsGasRevenueRevenueRevenueRevenuePricesPricesPricesOil and CondNGLGasTotal($/bbl)($/bbl)($/Mcf)($)($)($)($)SubtotalRemainingTotal20242025202620272028202920302031203220332034203520362037203820392040204120422043YearEndingDec 31Production &Ad ValoremOperatingCapitalAbandonmentTaxesExpensesCostsCosts($)($)($)($)Future Net RevenuePresent Worth at 10 PercentAnnualCumulative($)($)AnnualCumulative($)($)Gross CompletionsOilGasInterests (Percent)DateWorkingRevenuePresent Worth Profile ($)SubtotalRemainingTotalMonth of Last Production:0201,543,406494,3824,108,2551,071,499319,3772,618,02779.9528.072.39985,661,5208,964,4596,280,335100,906,314 5.00 Percent 8.00 Percent 9.00 Percent 12.00 Percent 15.00 Percent 20.00 Percent 25.00 Percent350,641,729260,541,632237,128,357180,598,402138,914,38490,238,23557,679,0815,043,44310,681,910112,929,9660-27,749,005-27,749,005-29,449,003-29,449,00320599,613769,7029,177,074410,758480,6485,745,87879.8526.862.50532,799,52812,910,21914,391,57860,101,3252,153,6078,912,96229,139,631019,895,125-7,853,88018,392,448-11,056,55545959,0192,103,50219,110,735571,4901,288,04812,062,90178.7926.772.49545,027,17434,487,00230,101,868109,616,0443,002,30813,536,592185,317,6350-92,240,491-100,094,371-72,116,865-83,173,420541,531,2373,241,82434,194,556995,8952,043,49522,380,55478.4426.162.46478,115,91353,451,96655,156,634186,724,5135,108,67224,798,50826,117,1220130,700,21130,605,84092,166,3288,992,908561,019,3341,964,89919,178,407618,6211,223,48612,390,03478.5026.212.43248,564,29532,065,20530,132,164110,761,6643,189,09415,378,1626,822,199085,372,209115,978,04954,331,41563,324,32361705,8831,491,35215,629,648428,750933,55410,196,20478.6026.182.45533,699,72124,441,74725,033,82683,175,2942,281,68112,739,20124,552,882043,601,530159,579,57924,792,44788,116,77062589,2411,222,44012,769,629358,733765,9758,345,07978.6226.212.45228,205,06220,074,97020,463,00568,743,0371,920,45411,620,757729,089054,472,737214,052,31628,493,408116,610,17869976,1401,085,94510,556,149303,906624,8166,605,93978.6426.262.44623,897,63216,407,91216,157,94956,463,4931,615,8629,835,6064,916,809040,095,216254,147,53218,888,774135,498,952812,077,2831,279,50510,511,425536,701640,8056,059,08378.6226.092.35442,195,38016,717,48214,263,81673,176,6782,632,81911,177,73362,814,7660-3,448,640250,698,892-2,012,704133,486,248831,177,4811,128,60710,702,365416,338626,7436,660,06278.5625.892.38632,708,18816,229,42715,887,58764,825,2022,111,28211,236,9460051,476,974302,175,86619,963,101153,449,34983776,195903,4528,659,040287,802508,1165,400,28678.6026.052.40922,620,45613,236,02913,010,11248,866,5971,594,7769,688,4880037,583,333339,759,19913,184,272166,633,62183601,160774,3837,386,233234,438438,9964,606,05178.6126.142.41618,429,77511,473,57111,129,57541,032,9211,463,2308,777,3700030,792,321370,551,5209,772,623176,406,24483498,804689,6876,586,286202,239393,5684,113,16978.6226.182.42215,900,03210,305,1409,960,54936,165,7211,652,7718,244,8770026,268,073396,819,5937,546,480183,952,72483427,359622,7325,958,406178,535357,1673,726,36878.6326.212.42614,037,5759,362,9509,038,36932,438,8942,030,3847,835,1290022,573,381419,392,9745,867,241189,819,96583376,119571,0055,474,037160,824328,7933,427,61678.6326.242.42912,646,1888,626,3118,324,00229,596,5011,877,3547,521,5150020,197,632439,590,6064,751,956194,571,92183336,371528,2135,072,375146,497305,1053,179,36278.6326.252.43111,519,2648,009,4027,728,60427,257,2701,772,1967,263,0400018,222,034457,812,6403,880,887198,452,80883304,981492,9264,740,587134,739285,4002,973,87678.6326.262.43310,595,2737,495,5747,234,59525,325,4421,676,4437,050,1910016,598,808474,411,4483,199,724201,652,53283277,148459,0264,419,773123,824266,2602,774,45478.6426.272.4349,736,4586,994,7696,752,94323,484,1701,560,7986,846,9160015,076,456489,487,9042,630,501204,283,03383254,063429,5934,139,879114,469249,5152,600,00578.6426.282.4359,001,5456,556,0596,330,53621,888,1401,471,9556,670,8870013,745,298503,233,2022,171,074206,454,10783233,412402,1613,880,058105,690233,6962,437,26878.6326.272.4358,310,8136,139,8355,935,90620,386,5541,416,6896,465,3380012,504,527515,737,7291,787,997208,242,104BBOGProperties:PROVEDReserve Class:UNDEVELOPEDReserve Category:15,264,2492,270,41217,534,66117,534,66120,655,3364,847,03925,502,375202,254,91745,573,376247,828,2937,401,748995,6518,397,39912,313,5632,790,94215,104,505128,302,21628,316,415156,618,631583,671,79278,169,944661,841,736323,950,02973,405,278397,355,307313,313,95369,378,517382,692,4701,220,935,774220,953,7391,441,889,51378.8678.5178.8226.3126.3026.312.4422.4502.443523112/208145,575,81815,741,92261,317,740206,282,12899,879,336306,161,464453,340,0990453,340,09901,655,7061,655,706515,737,729103,676,775619,414,504619,414,504208,242,1047,982,600216,224,704216,224,704

16THIS PAGE LEFT BLANK INTENTIONALLY

17LEASE TOTALSRESERVES and REVENUE

18These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPGrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasReservesReservesReservesReservesReservesReserves(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SEC PRICESENSITIVITYReserve ClassPropertiesReserve CategorySummary by Reserve CategoryPROVEDKIMMERIDGEDEVELOPED PRODUCING53,3060504,693,41230,1460346,301,513DEVELOPED NON-PRODUCING0067,545,4600050,396,599UNDEVELOPED002,224,203,460001,517,560,212TOTAL KIMMERIDGE53,30602,796,442,33230,14601,914,258,324Reserve ClassPropertiesReserve CategorySummary by Reserve CategoryBBOGDEVELOPED PRODUCING18,343,25617,019,883136,893,9846,353,7898,722,44573,998,444UNDEVELOPED17,534,66125,502,375247,828,2938,397,39915,104,505156,618,631TOTAL BBOG35,877,91742,522,258384,722,27714,751,18823,826,950230,617,075TOTAL PROVED35,931,22342,522,2583,181,164,60914,781,33423,826,9502,144,875,399GRAND TOTAL35,931,22342,522,2583,181,164,60914,781,33423,826,9502,144,875,399

19These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED REVENUE FROM PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPFuture GrossProduction &RevenueAd ValoremOperatingCapitalAbandonmentFuture NetPresent WorthTotalTaxesExpensesCostsCostsRevenueat 10 Percent($)($)($)($)($)($)($)SEC PRICESENSITIVITYReserve ClassPropertiesReserve CategorySummary by Reserve CategoryPROVEDKIMMERIDGEDEVELOPED PRODUCING875,657,48069,552,172361,914,60004,018,148440,172,560276,233,247DEVELOPED NON-PRODUCING125,928,2547,896,98821,517,363705,882178,53095,629,49161,827,824UNDEVELOPED3,779,892,946260,209,748988,432,5571,721,107,7494,919,420805,223,47233,298,885TOTAL KIMMERIDGE4,781,478,680337,658,9081,371,864,5201,721,813,6319,116,0981,341,025,523371,359,956Reserve ClassPropertiesReserve CategorySummary by Reserve CategoryBBOGDEVELOPED PRODUCING915,885,07447,623,087232,825,09402,497,852632,939,041373,744,020UNDEVELOPED1,441,889,51361,317,740306,161,464453,340,0991,655,706619,414,504216,224,704TOTAL BBOG2,357,774,587108,940,827538,986,558453,340,0994,153,5581,252,353,545589,968,724TOTAL PROVED7,139,253,267446,599,7351,910,851,0782,175,153,73013,269,6562,593,379,068961,328,680GRAND TOTAL7,139,253,267446,599,7351,910,851,0782,175,153,73013,269,6562,593,379,068961,328,680

20These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPGrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasReservesReservesReservesReservesReservesReserves(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SEC PRICESENSITIVITYReserve ClassPropertiesReserve CategoryLeaseSummary by LeasePROVEDKIMMERIDGEDEVELOPED PRODUCINGAIG 01H76.4705InitialWorkingInterest(%)SEC PRICESENSITIVITY57.3529InitialInitialWorkingRevenueInterestInterest(%)(%)SEC PRICESENSITIVITY4950962,2592840551,884AIG 03H76.470557.3529004,352,244002,496,140AIG 05H76.470557.3529003,301,832001,893,697AIG 109 H (LEF)100.000075.0000006,670,632005,002,974AIG 110 H (LEF)100.000075.0000007,568,664005,676,498AIG-HUISACHE 101 H (LEF)80.158360.1187005,644,622003,393,477AIG-HUISACHE 102 H (LEF)80.308060.2310005,334,925003,213,282ARMADILLO UNIT 1H (LEF)100.000075.00000013,034,262009,775,697BENAVIDES FAMILY MIN 01H76.470557.35292410657,3461380377,007BENAVIDES FAMILY MIN 04H76.470557.352956101,200,3913220688,459BENAVIDES FAMILY MIN 05H76.470557.35291,57101,041,3629010597,251BENAVIDES FAMILY MIN 06H76.470557.3529001,700,58800975,337BENAVIDES FAMILY MIN 08H76.470557.3529001,797,069001,030,672BENAVIDES FAMILY MIN 09H76.470557.352900810,43800464,810BENAVIDES FAMILY MIN GU2 - 1H76.470557.4021000000BENAVIDES FAMILY MIN GU3 - 1H76.470557.40421220304,367700174,720BENAVIDES FAMILY MIN GU3 - 2H76.470557.404240901,658,7842340952,212BENAVIDES FAMILY MIN GU4 - 1H76.470557.13601,1000607,3356290347,008BFM 111H76.470557.3529001,513,86700868,247BFM 112H76.470557.3529001,815,757001,041,390BFM B 103H76.470557.3529005,429,051003,113,720BFM-AIG A 104 H (LEF)100.000075.0000008,174,554006,130,916BOB PECK STATE (EF) 1H73.421954.332200140,9780076,596BOB PECK STATE 2H73.421954.33220062,1960033,792ELLEN C 103 H (LEF)98.529473.8970007,481,274005,528,441ELLEN C 104 H (LEF)98.529473.8970007,053,115005,212,044ELLEN C 105 H (LEF)76.470557.3529005,943,348003,408,685ELLEN C 106 H (LEF)76.470557.3529006,371,249003,654,099ELLEN C 110 H (LEF)100.000075.0000002,629,785001,972,339ELLEN C 111 H (LEF)100.000075.0000002,508,466001,881,350ELLEN C 120 H (LEF)100.000075.0000003,599,245002,699,434ELLEN C 121 H (LEF)100.000075.000000914,43700685,828ELLEN C 125 H (LEF)100.000075.0000006,393,991004,795,493ELLEN C 126 H (LEF)100.000075.0000005,664,020004,248,015ELLEN C 01H76.470557.3529004,911002,816ELLEN C 02H76.470557.35293460800,5891980459,161ELLEN C 03H76.470557.3529002,319,303001,330,188ELLEN C 04H76.470557.35291,9700965,1401,1300553,536ELLEN C 06H76.470557.35292,62903,215,7821,50801,844,346ELLEN C 08H76.470557.352900922,99900529,367ELLEN C 0976.470557.352919,441013,827,51911,15007,930,489ELLEN C 10H76.470557.35291160795,536660456,263ELLEN C 11H OLB76.470557.3529001,924,793001,103,926ELLEN C 101H76.470557.3529003,373,626001,934,874ELLEN C 102H76.470557.3529005,067,180002,906,177ELLEN C 129H76.470557.3529001,784,786001,023,627ELLEN C 402 H (MAC)100.000075.0000003,754,490002,815,867ELLEN C 403 H (MAC)100.000075.0000005,214,980003,911,235GEORGE NEEL (EF) 1H73.421954.332200337,74800183,506GEORGE NEEL 02H73.421954.3322290432,647160235,067HACHAR 01H76.470557.3529000000HACHAR 02H76.470557.3529000000HACHAR 03H76.470557.35290066,1900037,962HACHAR 04H76.470557.3529002,021,134001,159,180HUISACHE E 114 H (LEF)100.000075.0000006,659,370004,994,528HUISACHE E 115 H (LEF)100.000075.0000008,361,104006,270,828HUISACHE E 116 H (LEF)95.000071.2500006,120,399004,360,784HUISACHE E 117 H (LEF)95.000071.2500005,629,235004,010,830HUISACHE E 3H95.000071.25000045,5460032,452HUISACHE W 120 H (LEF)100.000075.0000008,563,685006,422,763HUISACHE W 121 H (LEF)95.000071.2500009,070,994006,463,084LA CRUZ LAND GAS UNIT 1 5H73.421954.37811020811,974560441,536LA CRUZ LAND GU 1-1H73.421954.378100520,99700283,308LA CRUZ TRES LAND - STATE (EF) GU 3H73.421954.3618000000LA CRUZ TRES LAND - STATE B 4H73.421954.3322000000LA CRUZ TRES LAND LTD - STATE 2H73.421954.332240734,25020398,934MANN TRUST - STATE (EF) 176.470557.3529000000MANN TRUST - STATE GAS UNIT 2H76.470557.35294052,4882030,103MINERALS G B 01H EF/AC76.470557.352900502,16300288,005MINERALS G B 02H76.470557.3529000000NEEDMORE 1H71.470553.602900114,5010061,376

21These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED REVENUE FROM PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPFuture GrossProduction &RevenueAd ValoremOperatingCapitalAbandonmentFuture NetPresent WorthTotalTaxesExpensesCostsCostsRevenueat 10 Percent($)($)($)($)($)($)($)SEC PRICESENSITIVITYReserve ClassPropertiesReserve CategoryLeaseSummary by LeasePROVEDKIMMERIDGEDEVELOPED PRODUCINGAIG 01H1,605,247148,856930,162015,294510,935302,546AIG 03H6,217,265562,9282,313,569019,1183,321,6501,447,405AIG 05H4,745,727428,1171,881,728019,1182,416,7641,109,914AIG 109 H (LEF)12,448,4001,006,5734,982,872025,0006,433,9553,808,675AIG 110 H (LEF)14,124,2621,061,0225,510,865025,0007,527,3754,336,072AIG-HUISACHE 101 H (LEF)8,443,648722,5713,999,902020,0403,701,1352,007,552AIG-HUISACHE 102 H (LEF)7,995,288651,0073,775,850020,0773,548,3541,931,028ARMADILLO UNIT 1H (LEF)24,323,8891,598,0938,386,028025,00014,314,7688,953,298BENAVIDES FAMILY MIN 01H1,098,978107,778656,359015,294319,547197,995BENAVIDES FAMILY MIN 04H1,938,502189,956995,995015,294737,257401,159BENAVIDES FAMILY MIN 05H1,780,609173,125905,369015,294686,821389,246BENAVIDES FAMILY MIN 06H2,439,279223,1571,177,588019,1181,019,416504,092BENAVIDES FAMILY MIN 08H2,582,930229,5401,242,922019,1181,091,350570,417BENAVIDES FAMILY MIN 09H1,166,030101,975679,019019,118365,918236,425BENAVIDES FAMILY MIN GU2 - 1H000015,294-15,294-13,845BENAVIDES FAMILY MIN GU3 - 1H491,93348,231357,356015,29471,05260,721BENAVIDES FAMILY MIN GU3 - 2H2,671,952249,5431,395,754015,2941,011,361555,558BENAVIDES FAMILY MIN GU4 - 1H1,052,523102,118617,888015,294317,223202,712BFM 111H2,160,372164,3871,384,612019,118592,255437,011BFM 112H2,591,187199,5121,585,938019,118786,619555,858BFM B 103H7,747,559657,7043,557,292019,1183,513,4451,834,983BFM-AIG A 104 H (LEF)15,254,9441,255,9245,755,233025,0008,218,7874,860,771BOB PECK STATE (EF) 1H192,54218,943145,285018,3559,95914,533BOB PECK STATE 2H95,1219,35675,262014,684-4,181-353ELLEN C 103 H (LEF)13,755,867875,8014,935,383024,6327,920,0515,519,952ELLEN C 104 H (LEF)12,968,609868,2884,712,158024,6327,363,5315,155,103ELLEN C 105 H (LEF)8,481,490720,3104,039,758019,1183,702,3041,944,843ELLEN C 106 H (LEF)9,092,129753,0783,973,979019,1184,345,9542,399,622ELLEN C 110 H (LEF)4,907,573430,5022,755,686025,0001,696,3851,170,415ELLEN C 111 H (LEF)4,681,174412,3112,528,974025,0001,714,8891,182,597ELLEN C 120 H (LEF)6,716,732575,9823,093,048025,0003,022,7022,006,057ELLEN C 121 H (LEF)1,706,476116,066952,015025,000613,395519,338ELLEN C 125 H (LEF)11,932,146978,0674,801,279025,0006,127,8003,849,468ELLEN C 126 H (LEF)10,569,910814,3124,300,842025,0005,429,7563,476,812ELLEN C 01H7,5867466,702015,294-15,156-13,374ELLEN C 02H1,293,920126,828822,728015,294329,070203,005ELLEN C 03H3,567,767333,2951,644,487015,2941,574,691771,810ELLEN C 04H1,678,977157,407861,918015,294644,358375,876ELLEN C 06H5,417,786490,0592,218,966015,2942,693,4671,268,863ELLEN C 08H1,321,225120,488735,842019,118445,777269,806ELLEN C 0923,741,7812,238,8205,966,166015,29415,521,5017,099,618ELLEN C 10H1,280,187116,476836,299015,294312,118207,410ELLEN C 11H OLB2,929,907260,0271,646,717015,2941,007,869539,794ELLEN C 101H4,814,353396,6432,574,743019,1181,823,8491,051,625ELLEN C 102H7,231,149582,1233,527,841019,1183,102,0671,558,070ELLEN C 129H2,546,989209,6921,517,888019,118800,291538,406ELLEN C 402 H (MAC)7,042,372561,4852,510,140025,0003,945,7472,466,749ELLEN C 403 H (MAC)9,781,842804,8113,590,461025,0005,361,5703,215,996GEORGE NEEL (EF) 1H460,34645,291321,820018,35574,88060,292GEORGE NEEL 02H604,11357,935393,873014,684137,621103,612HACHAR 01H000015,294-15,294-13,845HACHAR 02H000019,118-19,118-17,307HACHAR 03H100,5608,70779,590015,294-3,031863HACHAR 04H3,106,137294,7821,443,344015,2941,352,717665,040HUISACHE E 114 H (LEF)12,427,384931,1394,762,965025,0006,708,2804,494,748HUISACHE E 115 H (LEF)15,603,0731,128,0185,943,442025,0008,506,6135,425,321HUISACHE E 116 H (LEF)10,850,503964,7244,481,532023,7505,380,4973,183,746HUISACHE E 117 H (LEF)9,979,747884,2984,256,616023,7504,815,0832,870,279HUISACHE E 3H80,7467,94555,698023,750-6,647-3,026HUISACHE W 120 H (LEF)15,981,1201,117,1625,881,195025,0008,957,7635,450,039HUISACHE W 121 H (LEF)16,081,4451,160,5105,956,079023,7508,941,1065,198,481LA CRUZ LAND GAS UNIT 1 5H1,136,794108,507706,728014,684306,875193,256LA CRUZ LAND GU 1-1H726,61771,484457,542018,355179,236120,035LA CRUZ TRES LAND - STATE (EF) GU 3H000018,355-18,355-16,617LA CRUZ TRES LAND - STATE B 4H000018,355-18,355-16,617LA CRUZ TRES LAND LTD - STATE 2H1,131,269111,261679,125014,684326,199199,836MANN TRUST - STATE (EF) 1000019,118-19,118-17,307MANN TRUST - STATE GAS UNIT 2H85,3728,39270,133015,294-8,447-4,254MINERALS G B 01H EF/AC716,61470,506435,793019,118191,197128,390MINERALS G B 02H000015,294-15,294-13,845NEEDMORE 1H154,28215,179123,327017,868-2,0923,505

22These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPGrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasReservesReservesReservesReservesReservesReserves(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SEC PRICESENSITIVITYPROVEDKIMMERIDGEDEVELOPED PRODUCING (Cont.)Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseNEEDMORE 2H71.4705InitialWorkingInterest(%)SEC PRICESENSITIVITY53.6029InitialInitialWorkingRevenueInterestInterest(%)(%)SEC PRICESENSITIVITY3280566,0831760303,437NEEDMORE 3H71.470553.60292280494,0681220264,835NEEDMORE 4H71.470553.6029200291,555110156,282NEEDMORE 5H71.470553.60296901,381,936370740,759NEEDMORE 6H71.470553.60293870598,0502080320,573NEEDMORE 7H71.470553.60291780837,612950448,985NEEDMORE 8H71.470553.6029460741,558250397,497NEEDMORE 9H71.470553.6029310276,284170148,096NEEDMORE 10H71.470553.6029000000NEEDMORE 21H71.470553.6029001,022,28000547,972NEEDMORE 101H71.470553.6029002,524,803001,353,369NEEDMORE 102H71.470553.6029001,343,11500719,949NEEDMORE 118 H (LEF)76.470557.3529002,963,701001,699,769NEEDMORE 136H71.470553.6029002,690,408001,442,138NEEDMORE 138 H (LEF)100.000075.0000007,016,847005,262,635NEEDMORE 139 H (LEF)100.000075.0000006,953,052005,214,789NEEDMORE 145 H (LEF)100.000075.0000002,526,819001,895,114NEEDMORE 146 H (LEF)100.000075.0000002,521,694001,891,271NEEDMORE 418 H (MAC)100.000075.0000007,804,060005,853,045NEEDMORE 419 H (MAC)100.000075.0000007,678,641005,758,980NEEDMORE 438 H (MAC)100.000075.0000009,516,860007,137,645NEEDMORE 439 H (MAC)100.000075.000000439,66300329,747NEEDMORE-SCIBIENSKI 119 H (LEF)76.470557.3585002,618,656001,502,024NEEDMORE-SCIBIENSKI 401 H (MAC)100.000075.0000007,285,474005,464,105NEEDMORE-SCIBIENSKI B 107 H (LEF)100.000075.0000005,015,110003,761,332NEEDMORE-SCIBIENSKI C 120 H (LEF)100.000075.0000002,983,469002,237,602PRIETO ELIAS M FMY LP - STATE IH73.421954.332200404,85800219,968PRIETO SAN JUAN - STATE (EF) 1H73.421954.332200996,64200541,498PRIETO SAN JUAN - STATE GU EF 2H73.421954.332200398,57300216,554PUIG (EF) 02H73.421954.3322000000PUIG 01H73.421954.3322000000PUIG 03H73.421954.33260085,9530046,700PUIG 04H73.421954.350300211,31200114,849PUIG 13H73.421954.350318801,329,4701020722,571PUIG A.E. STATE (EF) 5H73.421954.332200399,38700216,996PUIG A.E. STATE GAS UNIT 1 6H73.421954.332200380,32800206,641PUIG BROS CORP - STATE (EF) 10H73.421954.3322000000PUIG BROS CORP - STATE (EF) 11H73.421954.332200486,48500264,318PUIG L.F. SR GAS UNIT (EF) 7H73.421954.3781000000PUIG L.F. SR GAS UNIT 2 (EF) 8H73.421954.378100211,33100114,918PUIG L.F. SR GAS UNIT 2 9H73.421954.37811300994,340710540,704RETAMA 102 H (LEF)100.000075.0000001,480,021001,110,016RETAMA 103 H (LEF)100.000075.0000001,673,383001,255,037RETAMA 107 H (LEF)97.500073.1250007,254,471005,304,832RETAMA 108 H (LEF)100.000075.0000007,390,761005,543,071RETAMA 109 H (LEF)100.000075.0000006,209,034004,656,776RETAMA 110 H (LEF)95.000071.2500007,295,779005,198,242RETAMA RANCH 01H76.470557.35290084,6110048,527RETAMA RANCH 02H76.470557.352986801,042,5634980597,940RETAMA RANCH 03H76.470557.35292,89802,050,7951,66201,176,191RETAMA RANCH 04H76.470557.352912401,231,322710706,199RETAMA RANCH 07H76.470557.352931501,528,0241810876,367RETAMA RANCH 0876.470557.3529000000RETAMA RANCH 10H ESC1,376.470557.35292,47602,107,3441,42001,208,624RETAMA RANCH 105H76.470557.3529001,766,891001,013,364RETAMA RANCH 124 H (LEF)100.000075.0000001,564,358001,173,269RETAMA RANCH 125 H (LEF)100.000075.0000001,531,133001,148,349RETAMA RANCH 424 H (MAC)100.000075.0000004,484,913003,363,684RETAMA RANCH 425 H (MAC)100.000075.0000004,284,097003,213,073REUTHINGER 02H76.470557.35290080,9220046,411REUTHINGER 03H76.470557.3529000000REUTHINGER 04H76.470557.352900422,26500242,181REUTHINGER 05H76.470557.3529000000REUTHINGER 06H76.470557.3529000000REUTHINGER 07H76.470557.3529001,797,930001,031,166REUTHINGER 08H76.470557.352900515,94900295,912REUTHINGER 09H76.470557.3529001,070,87100614,176REUTHINGER 103H76.470557.3529002,832,317001,624,417REUTHINGER 106 H (LEF)100.000075.0000007,958,196005,968,647REUTHINGER 10H76.470557.352900392,76300225,261REUTHINGER 11H76.470557.352900615,84400353,205

23These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED REVENUE FROM PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPFuture GrossProduction &RevenueAd ValoremOperatingCapitalAbandonmentFuture NetPresent WorthTotalTaxesExpensesCostsCostsRevenueat 10 Percent($)($)($)($)($)($)($)SEC PRICESENSITIVITYPROVEDKIMMERIDGEDEVELOPED PRODUCING (Cont.)Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseNEEDMORE 2H792,00577,526514,601014,294185,584129,487NEEDMORE 3H688,81267,492459,886014,294147,140107,204NEEDMORE 4H439,94642,118333,880014,29449,65443,310NEEDMORE 5H1,902,753187,1101,048,611014,294652,738348,858NEEDMORE 6H838,42582,022536,965014,294205,144139,864NEEDMORE 7H1,264,415120,484740,756014,294388,881244,677NEEDMORE 8H1,021,41697,526643,290014,294266,306173,959NEEDMORE 9H381,13535,966286,373014,29444,50239,116NEEDMORE 10H000014,294-14,294-12,940NEEDMORE 21H1,369,059123,069778,309017,868449,813269,559NEEDMORE 101H3,367,452264,0191,917,386017,8681,168,179735,474NEEDMORE 102H1,791,378125,5081,143,513017,868504,489378,570NEEDMORE 118 H (LEF)4,229,366365,3432,204,947019,1181,639,9581,047,599NEEDMORE 136H3,603,048301,9942,094,595017,8681,188,591746,460NEEDMORE 138 H (LEF)13,094,489944,0334,758,574025,0007,366,8825,285,871NEEDMORE 139 H (LEF)12,975,438938,0954,790,073025,0007,222,2705,338,314NEEDMORE 145 H (LEF)4,715,423421,5012,343,442025,0001,925,4801,259,964NEEDMORE 146 H (LEF)4,705,860413,9922,336,201025,0001,930,6671,260,084NEEDMORE 418 H (MAC)14,638,2311,047,0794,303,320025,0009,262,8325,600,777NEEDMORE 419 H (MAC)14,402,9801,054,6714,259,961025,0009,063,3485,478,628NEEDMORE 438 H (MAC)17,850,9651,292,4404,820,199025,00011,713,3267,770,173NEEDMORE 439 H (MAC)824,68448,975335,920025,000414,789391,823NEEDMORE-SCIBIENSKI 119 H (LEF)3,737,336324,8592,068,551019,1181,324,808853,070NEEDMORE-SCIBIENSKI 401 H (MAC)13,665,509998,3394,053,733025,0008,588,4375,282,609NEEDMORE-SCIBIENSKI B 107 H (LEF)9,358,947821,2173,805,867025,0004,706,8632,797,405NEEDMORE-SCIBIENSKI C 120 H (LEF)5,567,602474,5552,929,564025,0002,138,4831,500,401PRIETO ELIAS M FMY LP - STATE IH549,57054,070349,716018,355127,42992,395PRIETO SAN JUAN - STATE (EF) 1H1,354,264133,241757,555018,355445,113252,105PRIETO SAN JUAN - STATE GU EF 2H543,80353,502363,629018,355108,31782,869PUIG (EF) 02H000018,355-18,355-16,617PUIG 01H000018,355-18,355-16,617PUIG 03H116,79611,49196,883018,355-9,933-3,565PUIG 04H286,64628,202216,960018,35523,12924,885PUIG 13H1,979,226190,4761,041,878014,684732,188390,171PUIG A.E. STATE (EF) 5H543,25253,448356,502018,355114,94788,299PUIG A.E. STATE GAS UNIT 1 6H584,30157,470367,919014,684144,228106,961PUIG BROS CORP - STATE (EF) 10H000018,355-18,355-16,617PUIG BROS CORP - STATE (EF) 11H661,05065,038434,490018,355143,16799,029PUIG L.F. SR GAS UNIT (EF) 7H000018,355-18,355-16,617PUIG L.F. SR GAS UNIT 2 (EF) 8H288,57928,391217,870018,35523,96325,555PUIG L.F. SR GAS UNIT 2 9H1,522,023149,545679,624014,684678,170442,709RETAMA 102 H (LEF)2,761,941238,6661,528,635025,000969,640765,025RETAMA 103 H (LEF)3,122,783257,2501,701,531025,0001,139,002883,148RETAMA 107 H (LEF)13,199,483973,4535,016,357024,3757,185,2984,684,877RETAMA 108 H (LEF)13,792,2691,012,3975,291,250025,0007,463,6224,946,976RETAMA 109 H (LEF)11,586,989718,6714,497,249025,0006,346,0694,513,079RETAMA 110 H (LEF)12,934,267896,4914,913,905023,7507,100,1214,692,389RETAMA RANCH 01H142,78814,043108,778015,2944,6738,352RETAMA RANCH 02H1,726,621168,718966,647015,294575,962322,659RETAMA RANCH 03H3,566,872340,9181,495,827015,2941,714,833840,410RETAMA RANCH 04H1,982,586189,1491,070,114015,294708,029397,975RETAMA RANCH 07H2,487,688232,2641,293,667015,294946,463514,622RETAMA RANCH 08000015,294-15,294-13,845RETAMA RANCH 10H ESC1,33,574,855316,9681,704,171015,2941,538,422770,533RETAMA RANCH 105H2,521,453185,7961,528,381019,118788,158541,622RETAMA RANCH 124 H (LEF)2,919,327247,9251,834,167025,000812,235612,612RETAMA RANCH 125 H (LEF)2,857,323247,1481,772,096025,000813,079624,335RETAMA RANCH 424 H (MAC)8,412,440722,9742,960,595025,0004,703,8712,643,410RETAMA RANCH 425 H (MAC)8,035,766680,4382,852,920025,0004,477,4082,552,371REUTHINGER 02H115,36111,35091,780019,118-6,887-1,130REUTHINGER 03H000015,294-15,294-13,845REUTHINGER 04H640,29662,987429,793015,294132,22299,077REUTHINGER 05H000015,294-15,294-13,845REUTHINGER 06H000015,294-15,294-13,845REUTHINGER 07H2,755,217264,3581,341,808015,2941,133,757570,185REUTHINGER 08H787,63974,017510,060015,294188,268134,448REUTHINGER 09H1,622,236149,4901,040,371015,294417,081256,007REUTHINGER 103H4,041,874320,1652,227,828019,1181,474,763922,769REUTHINGER 106 H (LEF)14,851,1871,086,7085,526,687025,0008,212,7925,141,969REUTHINGER 10H596,13653,627430,486015,29496,72980,433REUTHINGER 11H877,04178,021546,335019,118233,567159,311

24These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPGrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasReservesReservesReservesReservesReservesReserves(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SEC PRICESENSITIVITYPROVEDKIMMERIDGEDEVELOPED PRODUCING (Cont.)Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseREUTHINGER 120 H (LEF)100.0000InitialWorkingInterest(%)SEC PRICESENSITIVITY75.0000InitialInitialWorkingRevenueInterestInterest(%)(%)SEC PRICESENSITIVITY005,046,319003,784,740REUTHINGER 121 H (LEF)100.000075.0000005,230,927003,923,196REUTHINGER 124H (LEF)76.470557.3529004,082,569002,341,473REUTHINGER 125H (LEF)76.470557.3529002,919,694001,674,530REUTHINGER 126 H (LEF)100.000075.0000006,847,673005,135,755REUTHINGER 127 H (LEF)100.000075.0000009,654,992007,241,244REUTHINGER 128 H (LEF)100.000075.0000009,426,622007,069,966REUTHINGER 129 H (LEF)100.000075.0000002,558,491001,918,868REUTHINGER 12H76.470557.352900121,2740069,554REUTHINGER 130 H (LEF)100.000075.0000001,376,917001,032,687REUTHINGER 134 H (LEF)100.000075.0000002,416,708001,812,531REUTHINGER 135 H (LEF)100.000075.0000001,870,201001,402,651REUTHINGER 327 H (LAC)100.000075.0000008,922,024006,691,518REUTHINGER 428 H (MAC)100.000075.0000009,549,266007,161,949REUTHINGER A 107 H (LEF)100.000075.0000008,863,915006,647,936REUTHINGER B 108 H (LEF)100.000075.0000009,606,630007,204,972REUTHINGER C 109 H (LEF)100.000075.0000009,606,630007,204,972REUTHINGER R105 H (LEF)100.000075.0000008,174,649006,130,986ROSA VELA BENAVIDES 01H73.421955.0664000000ROSA VELA BENAVIDES 02H73.421955.0664000000ROSA VELA BENAVIDES 03H73.421955.0664000000ROSA VELA BENAVIDES 04H73.421955.0664000000ROSA VELA BENAVIDES 06H73.421955.0664000000ROSA VELA BENAVIDES 07H73.421955.06640071,1290039,168ROSA VELA BENAVIDES 08H73.421955.066413015,066708,296ROSA VELA BENAVIDES 11H73.421955.0664008,021004,417ROSA VELA BENAVIDES 12H73.421955.06641,07501,236,6415920680,974ROSA VELA BENAVIDES 13H73.421955.066400114,8660063,253ROSA VELA BENAVIDES 1473.421955.0664000000ROSA VELA BENAVIDES 15H73.421955.0664240358,220130197,259ROSA VELA BENAVIDES 16H73.421955.06642710675,8191490372,149ROSA VELA BENAVIDES 17H73.421955.0664000000ROSA VELA BENAVIDES 18H73.421955.0664000000ROSA VELA BENAVIDES 19H73.421955.0664750258,379410142,280ROSA VELA BENAVIDES 20H73.421955.0664116065,52264036,081ROSA VELA BENAVIDES 21H73.421955.066447401,044,0602610574,927ROSA VELA BENAVIDES 23H73.421955.06642,2360281,0981,2310154,791ROSA VELA BENAVIDES 25H73.421955.0664800651,053440358,512ROSA VELA BENAVIDES 27H73.421955.06640028,5430015,717ROSA VELA BENAVIDES 28H73.421955.06643750738,2392070406,522ROSA VELA BENAVIDES 29H73.421955.06641520624,252840343,753ROSA VELA BENAVIDES 30H73.421955.06647940875,1504370481,914ROSA VELA BENAVIDES 31H73.421955.0664480253,885270139,805ROSA VELA BENAVIDES 32H73.421955.06641490293,017820161,354ROSA VELA BENAVIDES 33H73.421955.0664890504,854490278,005ROSA VELA BENAVIDES 34H73.421955.06649030619,7954970341,299ROSA VELA BENAVIDES 35H73.421955.0664860175,36047096,564ROSA VELA BENAVIDES 36H73.421955.06641380327,564760180,378ROSA VELA BENAVIDES 37H73.421955.06643290570,6521810314,238ROSA VELA BENAVIDES 38H73.421955.06644760971,0642620534,730ROSA VELA BENAVIDES 39H73.421955.0664740354,810410195,381ROSA VELA BENAVIDES 40H73.421955.06641300631,914720347,972ROSA VELA BENAVIDES 41H73.421955.06641,61001,173,9918860646,475ROSA VELA BENAVIDES 42H73.421955.0664330501,076180275,925ROSA VELA BENAVIDES 43H73.421955.06644045,5622025,089ROSA VELA BENAVIDES 44H73.421955.0664680551,620370303,757ROSA VELA BENAVIDES 45H73.421955.066440333,30620183,540ROSA VELA BENAVIDES 46H73.421955.06645560382,2793060210,508ROSA VELA BENAVIDES 47H73.421955.06642120239,1531170131,693ROSA VELA BENAVIDES 48H73.421955.06643370949,1401860522,658ROSA VELA BENAVIDES 49H73.421955.06641330408,330730224,853ROSA VELA BENAVIDES 50H73.421955.06641,26201,541,9036950849,071ROSA VELA BENAVIDES 51H73.421955.06642,25701,003,3441,2430552,506ROSA VELA BENAVIDES 52H73.421955.06642020510,4221110281,071ROSA VELA BENAVIDES 53H73.421955.06641940212,0821070116,786ROSA VELA BENAVIDES 54H73.421955.06642240483,2451240266,106ROSA VELA BENAVIDES 55H73.421955.06645230946,6182880521,269ROSA VELA BENAVIDES 56H73.421955.066421084,46012046,509SCIBIENSKI 101 H (LEF)76.470557.3529003,600,529002,065,010ST OF TX - LA CRUZ TRES LAND 6H73.421954.34658901,398,198480759,872ST OF TX HILL RANCH 01H76.470558.1176440393,294250228,573

25These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED REVENUE FROM PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPFuture GrossProduction &RevenueAd ValoremOperatingCapitalAbandonmentFuture NetPresent WorthTotalTaxesExpensesCostsCostsRevenueat 10 Percent($)($)($)($)($)($)($)SEC PRICESENSITIVITYPROVEDKIMMERIDGEDEVELOPED PRODUCING (Cont.)Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseREUTHINGER 120 H (LEF)9,417,189801,5604,127,861025,0004,462,7682,742,009REUTHINGER 121 H (LEF)9,761,695818,5864,163,168025,0004,754,9412,927,440REUTHINGER 124H (LEF)5,826,054447,7692,993,433019,1182,365,7341,336,658REUTHINGER 125H (LEF)4,166,566312,5392,307,969019,1181,526,940962,665REUTHINGER 126 H (LEF)12,778,785943,9795,126,195025,0006,683,6114,632,759REUTHINGER 127 H (LEF)18,017,6631,357,6886,601,132025,00010,033,8436,937,056REUTHINGER 128 H (LEF)17,591,4901,290,2096,472,018025,0009,804,2636,721,841REUTHINGER 129 H (LEF)4,774,527401,9052,656,906025,0001,690,7161,184,580REUTHINGER 12H184,2489,861163,194015,294-4,101193REUTHINGER 130 H (LEF)2,569,533222,2151,695,716025,000626,602488,248REUTHINGER 134 H (LEF)4,509,940391,7622,279,685025,0001,813,4931,289,898REUTHINGER 135 H (LEF)3,490,075302,3801,841,807025,0001,320,888992,547REUTHINGER 327 H (LAC)16,735,2191,090,9904,605,744025,00011,013,4857,213,686REUTHINGER 428 H (MAC)17,911,7491,336,0994,893,661025,00011,656,9897,437,510REUTHINGER A 107 H (LEF)16,541,3951,164,7685,548,228025,0009,803,3997,148,239REUTHINGER B 108 H (LEF)17,927,4121,267,9185,934,693025,00010,699,8017,711,548REUTHINGER C 109 H (LEF)17,927,4121,267,9185,934,693025,00010,699,8017,711,548REUTHINGER R105 H (LEF)15,255,1201,150,8455,674,171025,0008,405,1045,165,317ROSA VELA BENAVIDES 01H000014,684-14,684-13,293ROSA VELA BENAVIDES 02H000018,355-18,355-16,617ROSA VELA BENAVIDES 03H000018,355-18,355-16,617ROSA VELA BENAVIDES 04H000014,684-14,684-13,293ROSA VELA BENAVIDES 06H000014,684-14,684-13,293ROSA VELA BENAVIDES 07H100,4579,88283,775018,355-11,555-5,305ROSA VELA BENAVIDES 08H21,8572,13419,233014,684-14,194-11,922ROSA VELA BENAVIDES 11H12,3991,22010,971018,355-18,147-15,550ROSA VELA BENAVIDES 12H1,957,942191,262954,789014,684797,207407,226ROSA VELA BENAVIDES 13H162,22815,960128,881018,355-9685,056ROSA VELA BENAVIDES 14000014,684-14,684-13,293ROSA VELA BENAVIDES 15H506,96049,845374,075014,68468,35656,352ROSA VELA BENAVIDES 16H1,056,355103,569588,989014,684349,113207,401ROSA VELA BENAVIDES 17H000014,684-14,684-13,293ROSA VELA BENAVIDES 18H000014,684-14,684-13,293ROSA VELA BENAVIDES 19H402,61839,509289,681014,68458,74450,354ROSA VELA BENAVIDES 20H97,5379,45481,626014,684-8,227-4,044ROSA VELA BENAVIDES 21H1,494,952146,492804,739014,684529,037297,685ROSA VELA BENAVIDES 23H493,29745,791327,530014,684105,29280,398ROSA VELA BENAVIDES 25H922,95690,701561,247014,684256,324160,706ROSA VELA BENAVIDES 27H40,3113,96634,538014,684-12,877-9,879ROSA VELA BENAVIDES 28H1,157,347113,376646,941014,684382,346229,176ROSA VELA BENAVIDES 29H888,19887,195570,250014,684216,069147,148ROSA VELA BENAVIDES 30H1,270,188123,988718,698014,684412,818244,126ROSA VELA BENAVIDES 31H360,65235,421265,005014,68445,54241,197ROSA VELA BENAVIDES 32H420,23641,161298,233014,68466,15855,777ROSA VELA BENAVIDES 33H716,86970,416462,942014,684168,827116,876ROSA VELA BENAVIDES 34H914,26388,838586,867014,684223,874151,212ROSA VELA BENAVIDES 35H251,35924,624191,019014,68421,03222,494ROSA VELA BENAVIDES 36H468,57445,929325,167014,68482,79467,749ROSA VELA BENAVIDES 37H820,12680,280512,608014,684212,554143,062ROSA VELA BENAVIDES 38H1,391,939136,355824,182014,684416,718243,332ROSA VELA BENAVIDES 39H504,29249,522347,475014,68492,61172,638ROSA VELA BENAVIDES 40H898,06588,192559,341014,684235,848155,671ROSA VELA BENAVIDES 41H1,727,391167,967915,894014,684628,846356,290ROSA VELA BENAVIDES 42H709,09969,720453,249014,684171,446120,526ROSA VELA BENAVIDES 43H64,5185,57054,882014,684-10,618-7,082ROSA VELA BENAVIDES 44H781,98375,554485,878014,684205,867140,102ROSA VELA BENAVIDES 45H470,92545,625324,580014,68486,03668,929ROSA VELA BENAVIDES 46H563,85953,395383,912014,684111,86885,963ROSA VELA BENAVIDES 47H346,90332,997250,803014,68448,41943,586ROSA VELA BENAVIDES 48H1,355,023130,821750,460014,684459,058270,640ROSA VELA BENAVIDES 49H582,43455,386388,178014,684124,18694,873ROSA VELA BENAVIDES 50H2,232,020213,7181,107,650014,684895,968481,995ROSA VELA BENAVIDES 51H1,514,273143,450794,014014,684562,125335,059ROSA VELA BENAVIDES 52H729,59969,162475,354014,684170,399121,644ROSA VELA BENAVIDES 53H307,88728,526230,019014,68434,65833,585ROSA VELA BENAVIDES 54H692,16065,383449,318014,684162,775116,889ROSA VELA BENAVIDES 55H1,359,442129,851772,423014,684442,484261,908ROSA VELA BENAVIDES 56H120,19310,60897,546014,684-2,6451,510SCIBIENSKI 101 H (LEF)5,138,157448,2282,624,145019,1182,046,6661,220,648ST OF TX - LA CRUZ TRES LAND 6H1,952,672175,3861,171,489014,684591,113349,518ST OF TX HILL RANCH 01H646,55563,537429,293015,294138,43197,520

26These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPGrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasReservesReservesReservesReservesReservesReserves(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SEC PRICESENSITIVITYPROVEDKIMMERIDGEDEVELOPED PRODUCING (Cont.)Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseST OF TX HILL RANCH 02H76.4705InitialWorkingInterest(%)SEC PRICESENSITIVITY58.1176InitialInitialWorkingRevenueInterestInterest(%)(%)SEC PRICESENSITIVITY00177,86200103,369ST OF TX HILL RANCH 03H76.470558.117600779,22200452,866ST OF TX HILL RANCH 04H76.470558.0312001,937,756001,124,504TOTAL DEVELOPED PRODUCING53,3060504,693,41230,1460346,301,513Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseDEVELOPED NON-PRODUCINGAIG 303 H (LAC)100.000075.00000015,555,2440011,666,433AIG 304 H (LAC)100.000075.00000015,686,1580011,764,618AIG 404 H (MAC)100.000075.00000015,546,9460011,660,209BFM A 102H76.470557.3529001,074,07700616,015BFM-AIG B 105 H (LEF)100.000075.00000010,526,710007,895,032MINERALS G B 01H OLMOS RECOMP76.470557.352900413,39300237,093NEEDMORE 439 H RE-ENTRY (MAC)100.000075.0000008,742,932006,557,199TOTAL DEVELOPED NON-PRODUCING0067,545,4600050,396,599Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseUNDEVELOPEDAIG 103 H (LEF)100.000075.00000014,011,0350010,508,276AIG 104 H (LEF)100.000075.00000014,011,0350010,508,276AIG 105 H (LEF)100.000075.00000014,011,0350010,508,276AIG 106 H (LEF)100.000075.00000014,011,0240010,508,268AIG 107 H (LEF)100.000075.00000011,108,601008,331,451AIG 108 H (LEF)100.000075.00000011,108,708008,331,531AIG 301 H (LAC)100.000075.00000012,878,486009,658,864AIG 302 H (LAC)100.000075.00000012,878,486009,658,864AIG 305 H (LAC)100.000075.00000012,878,486009,658,864AIG 306 H (LAC)100.000075.00000012,899,690009,674,768AIG 401 H (MAC)100.000075.00000012,884,856009,663,642AIG 402 H (MAC)100.000075.00000012,884,856009,663,642BERRY RANCH 104H (LEF)100.000075.00000014,393,4840010,795,113BERRY RANCH 105H (LEF)100.000075.00000014,393,4840010,795,113BFM 101 H (LEF)100.000075.00000010,097,454007,573,091BFM 106 H (LEF)100.000075.00000011,904,677008,928,508BFM 107 H (LEF)100.000075.00000011,904,677008,928,508BFM 108 H (LEF)100.000075.00000013,040,492009,780,369BFM 109 H (LEF)100.000075.00000012,952,520009,714,390BFM 110 H (LEF)100.000075.00000011,570,242008,677,682BFM 113 H (LEF)63.556647.6675009,880,189004,709,641BFM 114 H (LEF)100.000075.0000008,982,864006,737,148BFM 115 H (LEF)90.798568.0989007,889,781005,372,858BOB PECK 102 H (LEF)47.157835.3683008,307,401002,938,193BOB PECK 103 H (LEF)47.237735.4282008,289,541002,936,843BOB PECK 104 H (LEF)47.317935.4884008,289,535002,941,826ELLEN C 109 H (LEF)98.529473.89700012,281,933009,075,987ELLEN C 112 H (LEF)98.529473.89700011,851,766008,758,106ELLEN C 113 H (LEF)98.529473.89700011,850,522008,757,187ELLEN C 114 H (LEF)98.529473.89700011,850,522008,757,187ELLEN C 115 H (LEF)98.529473.89700011,848,956008,756,030ELLEN C 116 H (LEF)98.529473.89700011,850,200008,756,949ELLEN C 117 H (LEF)98.529473.89700011,850,191008,756,943ELLEN C 118 H (LEF)98.529473.89700011,850,191008,756,943ELLEN C 119 H (LEF)98.529473.89700011,850,189008,756,941ELLEN C 122 H (LEF)98.529473.89700011,840,981008,750,137ELLEN C 123 H (LEF)98.529473.89700011,839,738008,749,218ELLEN C 124 H (LEF)98.529473.89700011,839,737008,749,218ELLEN C 131 H (LEF)98.529473.8970009,814,965007,252,970ELLEN C 132 H (LEF)98.529473.8970009,811,872007,250,685ELLEN C 133 H (LEF)98.529473.8970009,804,772007,245,438ELLEN C 134 H (LEF)98.529473.8970009,797,673007,240,192ELLEN C 135 H (LEF)98.529473.8970009,797,672007,240,191ELLEN C 136 H (LEF)98.529473.8970009,797,672007,240,191ELLEN C 137 H (LEF)98.529473.8970009,774,541007,223,098ELLEN C 138 H (LEF)98.529473.8970009,809,767007,249,129ELLEN C 139 H (LEF)98.529473.8970009,811,873007,250,686ELLEN C 140 H (LEF)98.529473.8970009,812,789007,251,362ELLEN C 141 H (LEF)98.529473.8970009,811,873007,250,685ELLEN C 142 H (LEF)98.529473.8970009,812,790007,251,363ELLEN C 143 H (LEF)98.529473.8970009,797,672007,240,191ELLEN C 144 H (LEF)98.529473.8970009,820,944007,257,389ELLEN C 145 H (LEF)98.529473.8970009,824,844007,260,271ELLEN C 146 H (LEF)98.529473.8970008,869,768006,554,498ELLEN C 147 H (LEF)78.796159.0970008,869,613005,241,683ELLEN C 107 H (LEF)98.529473.89700012,281,932009,075,987

27These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED REVENUE FROM PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPFuture GrossProduction &RevenueAd ValoremOperatingCapitalAbandonmentFuture NetPresent WorthTotalTaxesExpensesCostsCostsRevenueat 10 Percent($)($)($)($)($)($)($)SEC PRICESENSITIVITYPROVEDKIMMERIDGEDEVELOPED PRODUCING (Cont.)Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseST OF TX HILL RANCH 02H259,31425,513200,913019,11813,77017,964ST OF TX HILL RANCH 03H1,136,066111,772681,462019,118323,714194,526ST OF TX HILL RANCH 04H2,818,080277,2581,295,411019,1181,226,293583,364TOTAL DEVELOPED PRODUCING875,657,48069,552,172361,914,60004,018,148440,172,560276,233,247Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseDEVELOPED NON-PRODUCINGAIG 303 H (LAC)29,177,2831,663,1642,611,419025,00024,877,70016,297,760AIG 304 H (LAC)29,422,8401,677,3882,623,130025,00025,097,32216,434,271AIG 404 H (MAC)29,161,7171,683,6842,641,020025,00024,812,01316,049,569BFM A 102H1,532,768114,714801,884114,70619,118482,346364,756BFM-AIG B 105 H (LEF)19,644,4191,467,8766,839,515150,00025,00011,162,0286,726,608MINERALS G B 01H OLMOS RECOMP589,93558,042376,639191,17634,412-70,334-11,126NEEDMORE 439 H RE-ENTRY (MAC)16,399,2921,232,1205,623,756250,00025,0009,268,4165,965,986TOTAL DEVELOPED NON-PRODUCING125,928,2547,896,98821,517,363705,882178,53095,629,49161,827,824Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseUNDEVELOPEDAIG 103 H (LEF)26,146,6921,573,0508,016,7917,223,04425,0009,308,8073,925,699AIG 104 H (LEF)26,146,6921,563,4668,016,7917,224,12325,0009,317,3123,932,866AIG 105 H (LEF)26,146,6921,757,3748,015,4418,852,74625,0007,496,1311,454,796AIG 106 H (LEF)26,146,6731,923,1398,014,9048,852,29825,0007,331,3321,329,348AIG 107 H (LEF)20,730,3161,473,0666,643,7737,863,43225,0004,725,045480,684AIG 108 H (LEF)20,730,5161,472,3716,641,3257,863,43225,0004,728,388479,315AIG 301 H (LAC)24,156,4331,372,8782,363,0518,714,58825,00011,680,9163,664,412AIG 302 H (LAC)24,156,4331,372,8782,363,0518,714,58825,00011,680,9163,664,412AIG 305 H (LAC)24,156,4331,372,8782,363,0518,714,58825,00011,680,9163,664,412AIG 306 H (LAC)24,196,2071,374,8262,363,5668,714,58825,00011,718,2273,689,174AIG 401 H (MAC)24,168,3831,692,8022,394,7959,622,38425,00010,433,4022,673,577AIG 402 H (MAC)24,168,3831,692,8022,394,7959,622,38425,00010,433,4022,673,577BERRY RANCH 104H (LEF)26,860,4001,535,9293,402,8785,950,42825,00015,946,1656,798,510BERRY RANCH 105H (LEF)26,860,4001,535,9293,402,8785,950,42825,00015,946,1656,798,510BFM 101 H (LEF)18,843,3651,366,7576,147,2997,436,65025,0003,867,659238,060BFM 106 H (LEF)22,215,9131,392,9557,033,7869,241,17425,0004,522,99859,853BFM 107 H (LEF)22,215,9131,433,9247,026,6119,764,11625,0003,966,262-465,492BFM 108 H (LEF)24,335,5141,669,4517,565,40410,198,43425,0004,877,225-116,286BFM 109 H (LEF)24,171,3451,705,9277,519,9238,530,23325,0006,390,2621,025,650BFM 110 H (LEF)21,591,8071,581,5946,869,5228,043,94725,0005,071,744562,836BFM 113 H (LEF)11,718,529930,5453,838,8824,664,64915,8892,268,56448,224BFM 114 H (LEF)16,763,3721,068,5415,594,3986,900,76025,0003,174,67379,839BFM 115 H (LEF)13,368,7441,018,3344,569,9385,769,94622,7001,987,826-183,462BOB PECK 102 H (LEF)7,310,812534,2472,475,5013,790,14511,789499,130-379,404BOB PECK 103 H (LEF)7,307,453533,8852,475,0613,792,17611,809494,522-374,766BOB PECK 104 H (LEF)7,319,851509,4932,477,7883,794,49711,829526,244-373,058ELLEN C 109 H (LEF)22,582,8711,438,4687,105,4939,243,38024,6324,770,898118,242ELLEN C 112 H (LEF)21,791,9201,394,8366,893,4499,242,81024,6324,236,193-96,154ELLEN C 113 H (LEF)21,789,6341,394,6816,892,8129,242,52424,6324,234,985-96,543ELLEN C 114 H (LEF)21,789,6341,394,6816,892,8129,242,52424,6324,234,985-96,543ELLEN C 115 H (LEF)21,786,7551,394,9536,893,3809,242,23824,6324,231,552-96,909ELLEN C 116 H (LEF)21,789,0411,395,1086,894,0189,242,52424,6324,232,759-96,524ELLEN C 117 H (LEF)21,789,0251,487,2806,899,5359,242,23824,6324,135,340-145,646ELLEN C 118 H (LEF)21,789,0251,487,2806,899,5359,241,66724,6324,135,911-145,295ELLEN C 119 H (LEF)21,789,0221,398,8546,903,0069,241,09524,6324,221,435-103,868ELLEN C 122 H (LEF)21,772,0901,394,7576,891,3759,240,23624,6324,221,090-99,599ELLEN C 123 H (LEF)21,769,8051,394,9126,891,6399,239,94924,6324,218,673-102,012ELLEN C 124 H (LEF)21,769,8041,393,8256,889,0729,239,94924,6324,222,326-99,826ELLEN C 131 H (LEF)18,046,8411,146,7095,919,5609,239,94924,6321,715,991-1,347,701ELLEN C 132 H (LEF)18,041,1551,222,2875,916,6049,239,08924,6321,638,543-1,206,754ELLEN C 133 H (LEF)18,028,1001,223,7845,920,0129,237,07924,6321,622,593-1,217,327ELLEN C 134 H (LEF)18,015,0461,222,8595,916,4979,235,06224,6321,615,996-1,219,575ELLEN C 135 H (LEF)18,015,0441,147,6505,916,4389,232,75224,6321,693,572-1,002,689ELLEN C 136 H (LEF)18,015,0441,148,6175,916,4389,230,72424,6321,694,633-1,001,978ELLEN C 137 H (LEF)17,972,5131,272,4515,904,0449,228,40124,6321,542,985-1,268,643ELLEN C 138 H (LEF)18,037,2831,221,4385,913,7689,238,51624,6321,638,929-1,198,266ELLEN C 139 H (LEF)18,041,1561,222,9765,918,2099,239,08924,6321,636,250-1,186,046ELLEN C 140 H (LEF)18,042,8401,223,0915,918,5519,239,37624,6321,637,190-1,185,731ELLEN C 141 H (LEF)18,041,1551,221,7155,914,9039,239,08924,6321,640,816-1,197,627ELLEN C 142 H (LEF)18,042,8431,223,0915,918,5519,239,37624,6321,637,193-1,185,731ELLEN C 143 H (LEF)18,015,0441,143,2795,907,6439,240,23624,6321,699,254-991,776ELLEN C 144 H (LEF)18,057,8341,223,1825,922,5609,241,66724,6321,645,793-1,163,518ELLEN C 145 H (LEF)18,065,0071,223,6835,924,3619,242,81024,6321,649,521-1,162,295ELLEN C 146 H (LEF)16,308,9011,172,7105,456,3778,922,95824,632732,224-1,313,225ELLEN C 147 H (LEF)13,042,355849,4414,363,7047,135,88319,699673,628-1,022,397ELLEN C 107 H (LEF)22,582,8701,434,3707,094,9759,243,66624,6324,785,227123,292

28These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPGrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasReservesReservesReservesReservesReservesReserves(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SEC PRICESENSITIVITYPROVEDKIMMERIDGEUNDEVELOPED (Cont.)Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseELLEN C 108 H (LEF)98.5294InitialWorkingInterest(%)SEC PRICESENSITIVITY73.8970InitialInitialWorkingRevenueInterestInterest(%)(%)SEC PRICESENSITIVITY0012,281,932009,075,987ELLEN C 404 H (MAC)98.529473.89700015,633,1190011,552,415ELLEN C 405 H (MAC)98.529473.89700015,622,9330011,544,888ELLEN C 406 H (MAC)100.000075.00000015,622,9330011,717,200HILL RANCH 101 H (LEF)72.984355.46810015,445,930008,567,571HILL RANCH 102 H (LEF)70.588253.64700015,311,742008,214,299HILL RANCH 103 H (LEF)72.999154.74930015,499,381008,485,810HILL RANCH 105 H (LEF)76.470558.1171009,344,400005,430,702HILL RANCH 107 H (LEF)76.470557.3529008,509,323004,880,347HUISACHE E 111 H (LEF)100.000075.0000007,227,434005,420,575HUISACHE E 113 H (LEF)100.000075.0000009,629,100007,221,825HUISACHE E 113A H (LEF)100.000075.0000009,612,925007,209,693HUISACHE W 118 H (LEF)100.000075.00000011,403,494008,552,620HUISACHE W 119 (LEF)100.000075.00000011,463,535008,597,651HUISACHE W 122 H (LEF)100.000075.00000012,505,539009,379,154HUISACHE W 123 H (LEF)100.000075.00000014,511,7600010,883,820HUISACHE W 124 H (LEF)100.000075.00000014,430,7820010,823,086HUISACHE W 125 H (LEF)100.000075.00000014,435,5460010,826,659HUISACHE W 126 H (LEF)100.000075.00000011,246,086008,434,564HUISACHE W 127 H (LEF)100.000075.0000006,785,567005,089,176NEEDMORE 105 H (LEF)100.000075.0000007,187,367005,390,525NEEDMORE 107 H (LEF)100.000075.0000007,187,373005,390,530NEEDMORE 108 H (LEF)100.000075.0000007,188,395005,391,296NEEDMORE 109 H (LEF)100.000075.0000007,188,395005,391,296NEEDMORE 110 H (LEF)100.000075.0000007,190,316005,392,737NEEDMORE 111 H (LEF)100.000075.0000007,192,356005,394,267NEEDMORE 112 H (LEF)100.000075.0000007,246,893005,435,170NEEDMORE 113 H (LEF)100.000075.0000008,590,971006,443,228NEEDMORE 114 H (LEF)100.000075.0000008,644,082006,483,062NEEDMORE 115 H (LEF)100.000075.0000008,614,393006,460,795NEEDMORE 116 H (LEF)100.000075.0000008,626,502006,469,877NEEDMORE 117 H (LEF)100.000075.0000008,639,503006,479,627NEEDMORE 123 H (LEF)100.000075.0000007,922,614005,941,961NEEDMORE 124 H (LEF)100.000075.0000007,938,114005,953,585NEEDMORE 130 H (LEF)100.000075.0000008,312,354006,234,265NEEDMORE 132 H (LEF)100.000075.0000007,819,807005,864,855NEEDMORE 133 H (LEF)100.000075.0000007,819,786005,864,839NEEDMORE 134 H (LEF)100.000075.0000007,814,524005,860,893NEEDMORE 135 H (LEF)100.000075.0000007,810,860005,858,145NEEDMORE 137 H (LEF)100.000075.0000007,848,444005,886,333NEEDMORE 140 H(LEF)100.000075.0000007,786,986005,840,239NEEDMORE 141 H (LEF)100.000075.0000007,783,324005,837,493NEEDMORE 142 H (LEF)100.000075.0000007,778,841005,834,131NEEDMORE 143 H (LEF)81.124160.8431007,726,639004,701,128NEEDMORE 144 H (LEF)71.608053.7060007,722,979004,147,707NEEDMORE 147 H (LEF)65.277048.9577007,759,585003,798,922NEEDMORE 148 H (LEF)65.269548.9521007,755,923003,796,691NEEDMORE 151 H (LEF)40.218330.1637007,686,372002,318,496NEEDMORE 416 H (MAC)100.000075.0000009,717,187007,287,891NEEDMORE 417 H (MAC)100.000075.0000009,716,906007,287,679NEEDMORE 436 H (MAC)100.000075.0000009,716,906007,287,679NEEDMORE 437 H (MAC)100.000075.0000009,714,094007,285,570NEEDMORE 440 H (MAC)100.000075.0000009,721,903007,291,427NEEDMORE 442 H (MAC)100.000075.0000009,709,893007,282,420NEEDMORE-SCIBIENSKI 402 H (MAC)100.000075.0000009,717,187007,287,891NEEDMORE-SCIBIENSKI 403 H (MAC)100.000075.0000009,721,903007,291,427PUIG AREA (LEF) B10244.509133.3818008,795,017002,935,941PUIG AREA (LEF) B10350.092537.5693008,807,138003,308,789PUIG AREA (LEF) B10473.421955.0664008,818,203004,855,871PUIG AREA (LEF) B10567.364150.5231008,830,334004,461,360PUIG AREA (LEF) B10644.231733.1738008,841,412002,933,033PUIG AREA (LEF) B10733.662325.2467008,858,468002,236,478PUIG AREA (LEF) B10854.651640.9887008,871,674003,636,387PUIG AREA (LEF) B10973.421955.0664008,885,733004,893,057PUIG AREA (LEF) B11073.421954.3322008,880,924004,825,204PUIG AREA (LEF) B11173.421955.0664008,898,618004,900,152PUIG AREA (LEF) B11273.421955.0664008,915,003004,909,175PUIG AREA (LEF) B11373.421955.0664008,933,134004,919,159PUIG AREA (LEF) B11473.421955.0664008,967,897004,938,302PUIG AREA (LEF) B11570.768053.0760008,967,912004,759,812PUIG AREA (LEF) B11667.774050.1528008,977,019004,502,229

29These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED REVENUE FROM PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPFuture GrossProduction &RevenueAd ValoremOperatingCapitalAbandonmentFuture NetPresent WorthTotalTaxesExpensesCostsCostsRevenueat 10 Percent($)($)($)($)($)($)($)SEC PRICESENSITIVITYPROVEDKIMMERIDGEUNDEVELOPED (Cont.)Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseELLEN C 108 H (LEF)22,582,8701,435,0237,096,9969,243,38024,6324,782,839124,273ELLEN C 404 H (MAC)28,892,1282,105,1512,606,9636,013,01924,63218,142,3639,367,497ELLEN C 405 H (MAC)28,873,3042,103,7692,606,1016,122,26724,63218,016,5359,249,956ELLEN C 406 H (MAC)29,304,2492,135,1692,644,9986,243,36125,00018,255,7219,358,748HILL RANCH 101 H (LEF)21,317,8291,400,4626,346,7846,713,81318,2466,838,5241,584,147HILL RANCH 102 H (LEF)20,438,8191,340,2506,095,1536,476,02717,6476,509,7421,492,015HILL RANCH 103 H (LEF)21,114,3931,576,0526,351,9086,725,14818,2506,443,0351,362,725HILL RANCH 105 H (LEF)13,512,6731,018,3084,430,7955,416,21319,1182,628,23975,109HILL RANCH 107 H (LEF)12,143,280943,5324,090,6645,107,43319,1181,982,533-112,626HUISACHE E 111 H (LEF)13,487,4751,043,9254,685,7165,989,46225,0001,743,372-336,328HUISACHE E 113 H (LEF)17,969,3451,317,9105,918,8399,308,06425,0001,399,532-1,855,874HUISACHE E 113A H (LEF)17,939,1591,260,6615,911,8667,216,80025,0003,524,832130,451HUISACHE W 118 H (LEF)21,280,6301,502,0676,790,1209,241,17425,0003,722,269-426,930HUISACHE W 119 (LEF)21,392,6761,476,2496,819,1339,241,17425,0003,831,120-357,406HUISACHE W 122 H (LEF)23,337,2121,547,7867,307,37811,025,40425,0003,431,644-1,299,671HUISACHE W 123 H (LEF)27,081,1211,807,5478,245,71910,993,62625,0006,009,229255,123HUISACHE W 124 H (LEF)26,930,0031,797,1658,208,46011,223,76425,0005,675,614-29,737HUISACHE W 125 H (LEF)26,938,8942,244,4648,210,4548,961,88625,0007,497,0901,333,863HUISACHE W 126 H (LEF)20,986,8831,461,0026,707,5237,918,21525,0004,875,143533,224HUISACHE W 127 H (LEF)12,662,887892,4244,443,3385,721,13825,0001,580,987-316,197NEEDMORE 105 H (LEF)13,412,7041,000,8284,149,2588,204,27625,00033,342-1,154,864NEEDMORE 107 H (LEF)13,412,7161,000,3654,147,5888,207,21425,00032,549-1,177,164NEEDMORE 108 H (LEF)13,414,6231,000,5134,148,0658,207,80125,00033,244-1,177,060NEEDMORE 109 H (LEF)13,414,6241,000,7114,148,9438,207,80125,00032,169-1,166,565NEEDMORE 110 H (LEF)13,418,2081,001,4494,151,3148,208,97625,00031,469-1,174,745NEEDMORE 111 H (LEF)13,422,0151,000,0654,151,4358,210,15025,00035,365-1,155,165NEEDMORE 112 H (LEF)13,523,789973,8684,176,9018,241,67625,000106,344-1,153,888NEEDMORE 113 H (LEF)16,032,0401,160,1294,766,5178,917,51525,0001,162,879-1,125,065NEEDMORE 114 H (LEF)16,131,1541,211,0054,791,2468,922,69625,0001,181,207-1,132,621NEEDMORE 115 H (LEF)16,075,7491,163,2304,775,6718,927,43125,0001,184,417-1,129,699NEEDMORE 116 H (LEF)16,098,3471,162,8484,788,7428,932,58225,0001,189,175-1,140,211NEEDMORE 117 H (LEF)16,122,6091,164,2144,792,9548,938,14325,0001,202,298-1,166,202NEEDMORE 123 H (LEF)14,784,7861,069,5154,482,3969,006,28125,000201,594-1,294,569NEEDMORE 124 H (LEF)14,813,7111,090,2074,489,1029,013,21725,000196,185-1,288,812NEEDMORE 130 H (LEF)15,512,0991,010,9314,651,5169,192,96025,000631,692-1,287,642NEEDMORE 132 H (LEF)14,592,933936,7134,437,0238,959,78025,000234,417-1,261,747NEEDMORE 133 H (LEF)14,592,8941,113,4464,434,8608,959,35925,00060,229-1,284,224NEEDMORE 134 H (LEF)14,583,0731,053,7404,432,3668,957,25025,000114,717-1,336,786NEEDMORE 135 H (LEF)14,576,2361,061,1794,430,7458,955,56125,000103,751-1,340,870NEEDMORE 137 H (LEF)14,646,3741,061,0644,451,1338,931,72525,000177,452-1,187,144NEEDMORE 140 H(LEF)14,531,6831,050,5224,422,0048,944,53725,00089,620-1,317,709NEEDMORE 141 H (LEF)14,524,8501,041,7514,416,8818,942,83525,00098,383-1,285,819NEEDMORE 142 H (LEF)14,516,4841,033,1734,412,3388,940,70425,000105,269-1,285,877NEEDMORE 143 H (LEF)11,697,346765,0973,566,0707,233,20520,281112,693-983,710NEEDMORE 144 H (LEF)10,320,325743,3583,141,8956,383,49117,90233,679-878,365NEEDMORE 147 H (LEF)9,452,477680,8692,874,3195,830,36816,31950,602-784,282NEEDMORE 148 H (LEF)9,446,928693,9162,872,9315,828,57616,31735,188-789,777NEEDMORE 151 H (LEF)5,768,883416,5241,760,7753,578,25010,0553,279-493,658NEEDMORE 416 H (MAC)18,226,7231,315,1382,096,4898,714,58825,0006,075,508506,690NEEDMORE 417 H (MAC)18,226,1941,262,7722,095,3198,714,58825,0006,128,515565,374NEEDMORE 436 H (MAC)18,226,1941,302,5072,092,0038,714,58825,0006,092,096534,349NEEDMORE 437 H (MAC)18,220,9191,311,0962,095,6228,714,58825,0006,074,613568,889NEEDMORE 440 H (MAC)18,235,5671,368,6042,099,2278,714,58825,0006,028,148466,972NEEDMORE 442 H (MAC)18,213,0411,378,0662,129,5738,714,58825,0005,965,814359,447NEEDMORE-SCIBIENSKI 402 H (MAC)18,226,7231,365,7182,096,1618,714,58825,0006,025,256471,813NEEDMORE-SCIBIENSKI 403 H (MAC)18,235,5671,366,8292,097,9308,714,58825,0006,031,220469,608PUIG AREA (LEF) B1027,305,209522,3122,447,7994,017,66011,127306,311-524,535PUIG AREA (LEF) B1038,232,928587,8882,755,2544,524,06812,523353,195-600,451PUIG AREA (LEF) B10412,082,378842,9324,046,6276,634,28618,355540,178-896,239PUIG AREA (LEF) B10511,100,757773,7623,714,3176,090,15116,841505,686-849,803PUIG AREA (LEF) B1067,297,974509,2452,442,9394,000,77411,058333,958-511,880PUIG AREA (LEF) B1075,564,805397,8571,861,5903,047,0458,416249,897-358,594PUIG AREA (LEF) B1089,048,057646,9303,026,2334,949,75913,663411,472-674,443PUIG AREA (LEF) B10912,174,905870,7534,071,7536,653,82118,355560,223-896,215PUIG AREA (LEF) B11012,006,072855,6924,050,8076,657,56918,355423,649-915,070PUIG AREA (LEF) B11112,192,559879,2044,077,8346,660,73018,355556,436-891,251PUIG AREA (LEF) B11212,215,009880,1534,084,0356,662,16318,355570,303-901,490PUIG AREA (LEF) B11312,239,852880,7904,086,8666,667,30618,355586,535-923,654PUIG AREA (LEF) B11412,287,484884,0814,101,3836,672,42218,355611,243-922,172PUIG AREA (LEF) B11511,843,365851,4733,950,9176,435,87817,692587,405-892,730PUIG AREA (LEF) B11611,202,446805,8863,775,8956,167,23616,944436,485-817,729

30These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPGrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasReservesReservesReservesReservesReservesReserves(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SEC PRICESENSITIVITYPROVEDKIMMERIDGEUNDEVELOPED (Cont.)Reserve ClassPropertiesReserve CategoryLeaseSummary by LeasePUIG AREA (LEF) B11764.6102InitialWorkingInterest(%)SEC PRICESENSITIVITY48.4577InitialInitialWorkingRevenueInterestInterest(%)(%)SEC PRICESENSITIVITY009,245,424004,480,121PUIG AREA (LEF) B11867.846050.8845009,245,401004,704,482PUIG AREA (LEF) B11973.421955.0664009,269,620005,104,450PUIG AREA (LEF) B12073.421955.0664009,296,878005,119,460PUIG AREA (LEF) B12173.421954.3322009,290,047005,047,490PUIG AREA (LEF) B12273.421954.3322009,046,172004,914,987PUIG AREA (LEF) B12373.421955.0664009,089,358005,005,186PUIG AREA (LEF) B12454.449240.8369009,101,351003,716,711PUIG AREA (LEF) B12567.774050.1528009,103,677004,565,751PUIG AREA (LEF) B12658.143543.6076009,135,575003,983,814PUIG AREA (LEF) B12744.302633.2269009,694,893003,221,318PUIG AREA (LEF) B12844.338133.2536009,713,020003,229,931PUIG AREA (LEF) B12944.371233.2784009,730,236003,238,071PUIG AREA (LEF) B13044.403233.3024009,747,300003,246,087PUIG AREA (LEF) B13157.495843.1218009,760,456004,208,894PUIG AREA (LEF) B13257.500643.1254009,768,455004,212,692PUIG AREA (LEF) B13357.513443.1351009,775,555004,216,696PUIG AREA (LEF) B13556.204742.1535009,183,934003,871,354PUIG AREA (LEF) C10943.083632.3127009,790,853003,163,690PUIG AREA (LEF) C11043.066532.2999009,790,848003,162,434PUIG AREA (LEF) C11144.023933.0179009,556,280003,155,287PUIG AREA B411 H (MAC)73.421954.33220011,304,988006,142,251PUIG AREA B412 H (MAC)73.421954.33220011,304,988006,142,251PUIG AREA B413 H (MAC)73.421954.33220011,305,216006,142,375PUIG AREA B414 H (MAC)73.421954.33220011,305,229006,142,382RAY RANCH 102H (LEF)100.000075.00000014,393,5700010,795,178RAY RANCH 103H (LEF)100.000075.00000014,393,5700010,795,178RAY RANCH 104H (LEF)100.000075.00000014,393,5700010,795,178RAY RANCH 105H (LEF)100.000075.00000014,393,5700010,795,178RAY RANCH 106H (LEF)100.000075.00000014,393,5700010,795,178RAY RANCH 107H (LEF)100.000075.00000014,393,5700010,795,178RAY-BERRY RANCH 102H (LEF)100.000075.00000014,393,4840010,795,113RETAMA 106 H (LEF)100.000075.0000009,270,818006,953,114RETAMA 111 H(LEF)100.000075.0000008,830,125006,622,594RETAMA 112 H(LEF)100.000075.0000008,834,871006,626,153RETAMA 113 H(LEF)100.000075.0000008,840,995006,630,747RETAMA 114 H (LEF)100.000075.0000008,840,995006,630,746RETAMA 121 H (LEF)100.000075.0000007,818,561005,863,920RETAMA 122 H (LEF)100.000075.0000007,818,561005,863,921RETAMA 123 H (LEF)100.000075.0000007,818,561005,863,921RETAMA RANCH 422 H (MAC)100.000075.00000010,372,092007,779,069RETAMA RANCH 423 H (MAC)100.000075.00000011,310,267008,482,700RETAMA RANCH 426 H (MAC)100.000075.00000011,310,267008,482,700RETAMA RANCH 427 H (MAC)100.000075.00000011,310,267008,482,700REUTHINGER 110 H (LEF)100.000075.00000010,604,433007,953,324REUTHINGER 111 H (LEF)100.000075.0000009,323,605006,992,704REUTHINGER 112 H (LEF)100.000075.0000009,325,911006,994,433REUTHINGER 113 H (LEF)100.000075.0000009,328,353006,996,265REUTHINGER 114 H (LEF)100.000075.0000009,330,798006,998,098REUTHINGER 115 H (LEF)100.000075.0000007,247,011005,435,258REUTHINGER 116 H (LEF)100.000075.0000007,247,010005,435,258REUTHINGER 117 H (LEF)100.000075.0000009,339,075007,004,307REUTHINGER 118 H (LEF)100.000075.0000009,343,962007,007,971REUTHINGER 119 H (LEF)100.000075.0000009,348,488007,011,366REUTHINGER 122 H (LEF)100.000075.0000009,363,103007,022,327REUTHINGER 123 H (LEF)100.000075.0000009,352,164007,014,123REUTHINGER 131 H (LEF)100.000075.0000009,354,685007,016,014REUTHINGER 132 H(LEF)100.000075.0000009,355,908007,016,931REUTHINGER 133 H (LEF)100.000075.0000009,358,352007,018,764REUTHINGER 136H (LEF)100.000075.0000009,358,333007,018,750REUTHINGER 137 H (LEF)100.000075.0000009,364,310007,023,232REUTHINGER 138 H (LEF)100.000075.0000009,363,038007,022,279REUTHINGER 139 H (LEF)100.000075.0000009,366,618007,024,964REUTHINGER 140 H(LEF)100.000075.0000009,377,481007,033,111REUTHINGER 141 H(LEF)100.000075.0000009,388,206007,041,155REUTHINGER 142 H(LEF)100.000075.0000009,399,072007,049,304REUTHINGER 143 H(LEF)100.000075.0000009,401,018007,050,764REUTHINGER 145 H (LEF)100.000075.0000007,801,374005,851,030REUTHINGER 146 H (LEF)100.000075.0000007,787,234005,840,426REUTHINGER 147 H (LEF)100.000075.0000007,774,195005,830,646REUTHINGER 148 H (LEF)100.000075.0000007,761,080005,820,810

31These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED REVENUE FROM PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPFuture GrossProduction &RevenueAd ValoremOperatingCapitalAbandonmentFuture NetPresent WorthTotalTaxesExpensesCostsCostsRevenueat 10 Percent($)($)($)($)($)($)($)SEC PRICESENSITIVITYPROVEDKIMMERIDGEUNDEVELOPED (Cont.)Reserve ClassPropertiesReserve CategoryLeaseSummary by LeasePUIG AREA (LEF) B11711,147,438802,5613,699,8595,941,42916,153687,436-813,156PUIG AREA (LEF) B11811,705,693842,7533,885,1496,244,48516,962716,344-857,184PUIG AREA (LEF) B11912,700,893826,4784,210,6886,757,93718,355887,435-890,808PUIG AREA (LEF) B12012,738,241916,0184,222,1176,764,86518,355816,886-922,656PUIG AREA (LEF) B12112,559,164902,2784,205,2626,767,67118,355665,598-899,468PUIG AREA (LEF) B12212,229,470877,0744,112,6666,703,66418,355517,711-908,381PUIG AREA (LEF) B12312,453,905894,2774,147,3176,710,49818,355683,458-941,842PUIG AREA (LEF) B1249,247,919659,7103,076,3794,978,88013,612519,338-668,346PUIG AREA (LEF) B12511,360,502729,2783,814,3426,202,31216,944597,626-853,925PUIG AREA (LEF) B1269,912,526706,9593,295,6355,323,96614,536571,430-720,385PUIG AREA (LEF) B1278,015,282572,7332,636,3314,138,95511,076656,187-467,752PUIG AREA (LEF) B1288,036,715577,1172,643,3814,144,69611,085660,436-471,003PUIG AREA (LEF) B1298,056,969578,6072,649,1814,150,06111,093668,027-469,415PUIG AREA (LEF) B1308,076,914579,6392,654,8164,155,31011,101676,048-467,602PUIG AREA (LEF) B13110,472,570741,4023,437,2445,382,75914,374896,791-631,104PUIG AREA (LEF) B13210,482,021743,2953,443,7405,384,56814,375896,043-633,906PUIG AREA (LEF) B13310,491,982742,2513,442,5895,386,96114,378905,803-628,637PUIG AREA (LEF) B1359,632,704679,9143,198,2425,156,22914,051584,268-681,918PUIG AREA (LEF) C1097,871,892557,0892,584,2043,755,99510,771963,833-292,383PUIG AREA (LEF) C1107,868,769556,8682,583,1803,756,78310,767961,171-293,567PUIG AREA (LEF) C1117,850,986598,2702,590,8373,797,29311,006853,580-329,567PUIG AREA B411 H (MAC)15,361,5251,089,6511,655,8676,398,41818,3556,199,2341,181,760PUIG AREA B412 H (MAC)15,361,5251,129,1101,655,8676,398,41818,3556,159,7751,157,743PUIG AREA B413 H (MAC)15,361,8351,135,9581,658,5876,398,41818,3556,150,5171,132,839PUIG AREA B414 H (MAC)15,361,8521,239,7551,659,7626,398,41818,3556,045,5621,066,436RAY RANCH 102H (LEF)26,860,5611,534,0823,399,3949,820,02025,00012,082,0653,718,271RAY RANCH 103H (LEF)26,860,5611,534,0823,399,3949,820,02025,00012,082,0653,718,271RAY RANCH 104H (LEF)26,860,5611,530,3923,389,2079,820,02025,00012,095,9423,715,368RAY RANCH 105H (LEF)26,860,5611,530,3923,389,2079,820,02025,00012,095,9423,715,368RAY RANCH 106H (LEF)26,860,5611,530,3923,389,2079,820,02025,00012,095,9423,715,368RAY RANCH 107H (LEF)26,860,5611,532,6943,395,83411,441,93125,00010,465,1022,798,539RAY-BERRY RANCH 102H (LEF)26,860,4001,535,9293,402,8785,950,42825,00015,946,1656,798,510RETAMA 106 H (LEF)17,300,7371,188,6895,733,4728,498,67525,0001,854,901-604,478RETAMA 111 H(LEF)16,478,3381,132,3345,518,2818,300,34225,0001,502,381-942,788RETAMA 112 H(LEF)16,487,1941,133,1725,521,4728,302,61925,0001,504,931-957,776RETAMA 113 H(LEF)16,498,6241,133,9955,524,6658,305,46225,0001,509,502-956,649RETAMA 114 H (LEF)16,498,6231,117,7565,521,5108,307,73525,0001,526,622-949,985RETAMA 121 H (LEF)14,590,6071,070,8794,995,2628,325,29125,000174,175-1,283,707RETAMA 122 H (LEF)14,590,6071,069,4364,991,0968,173,82825,000331,247-1,986,674RETAMA 123 H (LEF)14,590,6071,082,3094,991,0968,173,82825,000318,374-1,999,088RETAMA RANCH 422 H (MAC)19,455,1411,201,8542,164,1389,221,08925,0006,843,060985,453RETAMA RANCH 423 H (MAC)21,214,8941,317,1032,268,0368,714,58825,0008,890,1671,831,203RETAMA RANCH 426 H (MAC)21,214,8941,394,9752,266,4428,714,58825,0008,813,8891,789,051RETAMA RANCH 427 H (MAC)21,214,8941,522,1892,266,9108,714,58825,0008,686,2071,737,971REUTHINGER 110 H (LEF)19,789,4621,541,5906,403,4178,520,80825,0003,298,647-348,474REUTHINGER 111 H (LEF)17,399,2451,350,6915,766,1928,521,85725,0001,735,505-959,877REUTHINGER 112 H (LEF)17,403,5481,243,3735,765,0628,522,90525,0001,847,208-891,940REUTHINGER 113 H (LEF)17,408,1071,243,7135,766,3378,523,95425,0001,849,103-891,441REUTHINGER 114 H (LEF)17,412,6681,243,8005,769,8078,525,00125,0001,849,060-897,745REUTHINGER 115 H (LEF)13,524,009955,3134,692,4527,445,98325,000405,261-971,114REUTHINGER 116 H (LEF)13,524,009955,2354,692,2907,445,98325,000405,501-1,127,306REUTHINGER 117 H (LEF)17,428,1161,146,8835,775,1908,528,66525,0001,952,378-813,093REUTHINGER 118 H (LEF)17,437,2341,149,3935,777,7418,530,75625,0001,954,344-813,113REUTHINGER 119 H (LEF)17,445,6811,141,7625,781,2148,532,84525,0001,964,860-801,294REUTHINGER 122 H (LEF)17,472,9541,248,2575,786,0248,539,10225,0001,874,571-868,956REUTHINGER 123 H (LEF)17,452,5401,246,4485,779,3178,534,41125,0001,867,364-878,555REUTHINGER 131 H (LEF)17,457,2461,246,4045,779,4548,535,45425,0001,870,934-885,399REUTHINGER 132 H(LEF)17,459,5291,247,2635,782,4098,535,97625,0001,868,881-870,439REUTHINGER 133 H (LEF)17,464,0881,246,6615,783,6908,537,01825,0001,871,719-869,429REUTHINGER 136H (LEF)17,464,0531,246,3625,782,5278,539,62325,0001,870,541-878,453REUTHINGER 137 H (LEF)17,475,2071,248,1775,789,1358,539,62325,0001,873,272-854,125REUTHINGER 138 H (LEF)17,472,8341,289,7825,780,0338,539,10225,0001,838,917-931,374REUTHINGER 139 H (LEF)17,479,5151,290,2005,781,6668,540,66425,0001,841,985-938,734REUTHINGER 140 H(LEF)17,499,7861,246,6745,787,8308,545,34325,0001,894,939-851,398REUTHINGER 141 H(LEF)17,519,8011,294,2485,795,1358,550,01425,0001,855,404-910,301REUTHINGER 142 H(LEF)17,540,0781,295,1705,799,2968,554,67525,0001,865,937-915,778REUTHINGER 143 H(LEF)17,543,7111,296,3935,800,2108,559,32725,0001,862,781-918,429REUTHINGER 145 H (LEF)14,558,533913,5194,985,4158,567,06125,00067,538-1,375,773REUTHINGER 146 H (LEF)14,532,147906,9584,977,9788,567,57525,00054,636-1,379,822REUTHINGER 147 H (LEF)14,507,815929,7824,970,3678,560,87625,00021,790-1,405,944REUTHINGER 148 H (LEF)14,483,339928,4294,964,4318,554,15725,00011,322-1,395,335

32These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPGrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasReservesReservesReservesReservesReservesReserves(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SEC PRICESENSITIVITYPROVEDKIMMERIDGEUNDEVELOPED (Cont.)Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseREUTHINGER 149 H (LEF)100.0000InitialWorkingInterest(%)SEC PRICESENSITIVITY75.0000InitialInitialWorkingRevenueInterestInterest(%)(%)SEC PRICESENSITIVITY007,761,067005,820,800REUTHINGER 150 H (LEF)100.000075.0000009,827,647007,370,735REUTHINGER 326 H (LAC)100.000075.00000012,899,690009,674,768REUTHINGER 328 H (LAC)100.000075.00000012,899,690009,674,768REUTHINGER 407 H (MAC)100.000075.00000012,890,527009,667,895REUTHINGER 408 H (MAC)100.000075.00000012,890,527009,667,895REUTHINGER 409 H (MAC)100.000075.00000012,890,659009,667,994REUTHINGER 410 H (MAC)100.000075.00000012,890,659009,667,994REUTHINGER 426 H (MAC)100.000075.00000012,899,690009,674,768REUTHINGER 427 H (MAC)100.000075.00000012,899,690009,674,768REUTHINGER 429 H (MAC)100.000075.00000012,899,690009,674,768REUTHINGER 430 H (MAC)100.000075.00000012,899,690009,674,768RYAN ISLAND 103H (LEF)100.000075.00000011,485,461008,614,096RYAN ISLAND 104H (LEF)100.000075.00000011,485,461008,614,096RYAN ISLAND 1H (LEF)100.000075.0000009,868,840007,401,630RYAN ISLAND 2H (LEF)100.000075.0000009,868,840007,401,630SCIBIENSKI 102 H (LEF)100.000075.0000007,823,411005,867,558SCIBIENSKI 104 H (LEF)100.000075.0000007,849,274005,886,955SCIBIENSKI 105 H (LEF)100.000075.0000007,862,988005,897,241SCIBIENSKI 106 H (LEF)100.000075.0000007,875,883005,906,912TOTAL UNDEVELOPED002,224,203,460001,517,560,212TOTAL KIMMERIDGE53,30602,796,442,33230,14601,914,258,324

33These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED REVENUE FROM PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPFuture GrossProduction &RevenueAd ValoremOperatingCapitalAbandonmentFuture NetPresent WorthTotalTaxesExpensesCostsCostsRevenueat 10 Percent($)($)($)($)($)($)($)SEC PRICESENSITIVITYPROVEDKIMMERIDGEUNDEVELOPED (Cont.)Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseREUTHINGER 149 H (LEF)14,483,316928,9464,965,3888,549,49525,00014,487-1,380,246REUTHINGER 150 H (LEF)18,339,8641,189,0306,011,4579,379,60225,0001,734,775-1,022,907REUTHINGER 326 H (LAC)24,196,2071,938,6962,362,2478,714,58825,00011,155,6763,122,492REUTHINGER 328 H (LAC)24,196,2071,938,6962,362,2478,714,58825,00011,155,6763,122,492REUTHINGER 407 H (MAC)24,179,0191,946,6662,391,8418,714,58825,00011,100,9242,934,119REUTHINGER 408 H (MAC)24,179,0191,945,0262,388,6808,714,58825,00011,105,7252,928,763REUTHINGER 409 H (MAC)24,179,2661,920,5302,390,4938,714,58825,00011,128,6552,936,072REUTHINGER 410 H (MAC)24,179,2661,746,4342,393,3618,714,58825,00011,299,8833,079,510REUTHINGER 426 H (MAC)24,196,2071,735,9032,366,2008,714,58825,00011,354,5163,231,365REUTHINGER 427 H (MAC)24,196,2071,735,9032,366,2008,714,58825,00011,354,5163,231,365REUTHINGER 429 H (MAC)24,196,2071,735,9032,366,2138,714,58825,00011,354,5033,204,199REUTHINGER 430 H (MAC)24,196,2071,735,9032,366,2138,714,58825,00011,354,5033,204,199RYAN ISLAND 103H (LEF)21,433,5941,213,2243,139,1227,922,05225,0009,134,1962,504,358RYAN ISLAND 104H (LEF)21,433,5941,213,2243,139,1227,922,05225,0009,134,1962,504,358RYAN ISLAND 1H (LEF)18,416,7361,034,8472,967,3369,919,23125,0004,470,322-132,664RYAN ISLAND 2H (LEF)18,416,7361,034,8472,967,3369,707,24625,0004,682,30780,900SCIBIENSKI 102 H (LEF)14,599,6591,165,6164,435,7398,961,46525,00011,839-1,283,944SCIBIENSKI 104 H (LEF)14,647,9221,107,0844,450,0218,973,20925,00092,608-1,316,491SCIBIENSKI 105 H (LEF)14,673,5151,109,8774,456,0228,979,46425,000103,152-1,314,533SCIBIENSKI 106 H (LEF)14,697,5791,067,3714,460,9648,985,28025,000158,964-1,316,512TOTAL UNDEVELOPED3,779,892,946260,209,748988,432,5571,721,107,7494,919,420805,223,47233,298,885TOTAL KIMMERIDGE4,781,478,680337,658,9081,371,864,5201,721,813,6319,116,0981,341,025,523371,359,956

34These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPGrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasReservesReservesReservesReservesReservesReserves(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SEC PRICESENSITIVITYReserve ClassPropertiesReserve CategoryLeaseSummary by LeasePROVEDBBOGDEVELOPED PRODUCINGAPOLLO UNIT 1010H69.2617InitialWorkingInterest(%)SEC PRICESENSITIVITY52.6978InitialInitialWorkingRevenueInterestInterest(%)(%)SEC PRICESENSITIVITY78,64266,823360,70741,44235,214190,085APOLLO UNIT 1012H69.261752.6884107,57641,891226,12656,68022,072119,142APOLLO UNIT 1015H90.142868.316966,05342,662230,28845,12529,145157,325Apollo Unit 1017H54.521641.250848,70124,450131,98220,09010,08654,444Apollo Unit 1018H54.521641.250867,84236,346196,19527,98614,99380,932APOLLO UNIT 101H54.521641.250883,09494,644510,88634,27739,042210,745APOLLO UNIT 103H75.487856.933843,97336,188195,34125,03520,603111,215APOLLO UNIT 105H90.142868.316951,40627,983151,05035,11919,117103,193APOLLO UNIT 11H69.261752.689468,1089,76852,72835,8865,14727,782APOLLO UNIT 13H69.261752.6879105,16612,61768,10555,4106,64835,883APOLLO UNIT 16H90.142868.316967,83120,006107,99346,34013,66873,777APOLLO UNIT 2H75.487856.933837,90113,93775,23321,5787,93542,833APOLLO UNIT 4H90.142868.316945,66512,03564,96331,1978,22244,381APOLLO UNIT 6H90.142868.316920,4518,28444,71613,9715,65930,549APOLLO UNIT 8H90.142868.316922,8215,29828,59715,5903,61919,537APOLLO UNIT 9H69.261752.697842,9907,63641,22122,6554,02421,722ATLAS 204H100.000075.00001,594001,19500ATLAS 2H100.000075.00004,5487193,8803,4115392,910ATLAS 3H100.000075.00005,2889565,1603,9667173,870ATLAS UNIT 101H100.000075.0000377191022831476AVERLY 101H100.000076.3168179,401109,503591,095136,91383,570451,105Averly 105H100.000076.3168151,38292,418498,868115,53070,531380,721Averly 108H29.849622.7735135,84391,012491,27930,93620,727111,882AVERLY 203H100.000076.316865,95212,74568,79550,3329,72652,502AVERLY 2H100.000076.316899,47814,28577,11175,91910,90258,849Averly 4H41.026031.3053167,26520,216109,12752,3636,32934,163Averly 6H35.315926.9550146,44320,209109,08739,4745,44729,404Averly 7H100.000076.316855,2325,97032,22942,1514,55624,596BAILEY UNIT #2H3.4337138,2631,1676,3024,74840216BAILEY UNIT #4H3.433770,9207444,0152,43526138Berdie Apollo A 1H5.09193.7796161,33043,893244,5316,0981,6599,242Berdie-Hoffmann-Apollo A 1H15.855711.8918252,26350,444281,02429,9995,99933,419Berdie-Moczygemba A 1H12.04229.0317229,07028,218157,20620,6892,54914,198Berdie-Moczygemba B 2H13.599810.1998205,04044,447247,61520,9144,53425,256Berdie-Moczygemba C 3H15.535611.651798,69721,870121,84111,5002,54814,197Berdie-Stoeltje A 1H3.13672.3525155,45833,193184,9183,6577814,350Boots 101H42.140031.2780143,40539,988284,84644,85412,50789,094Boots 102H42.140033.0510304,54562,486445,103100,65520,652147,111Boots 1H42.140031.2780183,52826,280187,19657,4048,22058,551Boots 2H42.140031.0765159,89941,619296,46649,69112,93492,132Boots 3H42.140031.0765134,65839,928284,41841,84712,40888,388Boots 4H42.140031.076545,08712,29687,58914,0113,82127,220CHALLENGER UNIT C 10H2.68662.014977,6559,15740,6341,565185819CHALLENGER UNIT C 11H2.68662.014920,6981,3525,99741727121CHALLENGER UNIT C 12H2.68662.014942,5113,08913,70985762276CHALLENGER UNIT C 1H2.68662.014940,1013,06713,61280862274CHALLENGER UNIT C 2H2.68662.0149261,32828,853128,0405,2665812,580CHALLENGER UNIT C 3H2.68662.014985,27717,96579,7201,7183621,606CHALLENGER UNIT C 4H2.68662.0149340,41891,933407,9616,8591,8528,220CHALLENGER UNIT C 5H2.68662.0149222,35557,496255,1474,4801,1595,141CHALLENGER UNIT C 6H2.68662.0149256,81038,093169,0405,1757683,406CHALLENGER UNIT C 9H2.68662.014969,5476,94930,8361,401140621CHALLENGER UNIT C AC 1H2.68662.0149263,676133,670593,1775,3132,69311,952CHALLENGER UNIT C AC 2H2.68662.0149154,38572,703322,6273,1111,4656,501CHALLENGER UNIT C AC 3H2.68662.0149146,55568,958306,0082,9531,3896,166Challenger Unit C B SA 1H1.34341.0075231,86251,131226,9002,3365152,286CONRAD UNIT 103H2.610212,2706,19833,458320162873Donnell-Whipple 1H100.000075.000039,221270,8241,958,68929,416203,1181,469,017Donnell-Whipple 2H100.000075.000099,511267,7281,936,29774,633200,7961,452,223Donnell-Whipple 3H100.000075.000092,754415,1573,002,54969,566311,3682,251,911DW SP3 AW 1H100.000075.0000269,9810559,200202,4860419,400G WIATREK #245.592233.8221000000GAWLIK UNIT #1H3.3750000000HOFFMANN-APOLLO A 1H1.62641.219888,22624,034133,8921,0762931,633HOFFMANN-APOLLO B 2H24.109218.0819264,48641,490231,14147,8247,50241,795HOFFMANN-APOLLO D 4H3.94322.9574149,24434,142190,2084,4141,0105,625MOCZYGEMBA J S 138.750029.308586,551100,751025,36729,5290MOCZYGEMBA R J NCT-2 550.000037.5000000000MZYK NORTH UNIT 1H24.133018.1000132,71415,264103,32724,0212,76318,702MZYK UNIT 2H24.133018.100096,96218,282123,75617,5503,30922,400MZYK UNIT 3H24.133018.100181,27426,776181,25614,7114,84732,807

35These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED REVENUE FROM PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPFuture GrossProduction &RevenueAd ValoremOperatingCapitalAbandonmentFuture NetPresent WorthTotalTaxesExpensesCostsCostsRevenueat 10 Percent($)($)($)($)($)($)($)SEC PRICESENSITIVITYReserve ClassPropertiesReserve CategoryLeaseSummary by LeasePROVEDBBOGDEVELOPED PRODUCINGAPOLLO UNIT 1010H4,811,604230,8341,901,315017,3152,662,1401,548,884APOLLO UNIT 1012H5,461,748325,1731,721,427017,3153,397,8331,964,798APOLLO UNIT 1015H4,844,706294,5271,970,305022,5362,557,3381,588,163Apollo Unit 1017H2,032,922115,910703,874013,6301,199,508945,443Apollo Unit 1018H2,872,366166,369974,445013,6301,717,9221,257,756APOLLO UNIT 101H4,404,944204,1601,793,577013,6302,393,5771,373,103APOLLO UNIT 103H2,877,954178,8151,382,545018,8721,297,722836,022APOLLO UNIT 105H3,617,469217,9841,545,605022,5361,831,3441,188,602APOLLO UNIT 11H3,079,392177,5091,111,746017,3151,772,8221,061,380APOLLO UNIT 13H4,699,048270,1981,373,214017,3153,038,3211,691,034APOLLO UNIT 16H4,277,627251,2401,683,186022,5362,320,6651,402,637APOLLO UNIT 2H2,059,262121,987988,936018,872929,467621,323APOLLO UNIT 4H2,837,758165,9241,248,153022,5361,401,145900,290APOLLO UNIT 6H1,355,67279,578781,878022,536471,680359,166APOLLO UNIT 8H1,397,16480,929781,460022,536512,239380,419APOLLO UNIT 9H1,977,285113,784811,725017,3151,034,461738,410ATLAS 204H95,2175,37074,523025,000-9,676-5,404ATLAS 2H294,82416,520225,759025,00027,54531,146ATLAS 3H346,70319,410261,695025,00040,59842,968ATLAS UNIT 101H23,1201,30121,041025,000-24,222-21,132AVERLY 101H14,490,715873,0723,962,217025,0009,630,4265,437,622Averly 105H12,228,086717,8543,419,530025,0008,065,7025,051,951Averly 108H3,353,316197,744991,37107,4622,156,7391,414,875AVERLY 203H4,426,611254,9771,533,039025,0002,613,5951,756,774AVERLY 2H6,515,264375,0051,952,335025,0004,162,9242,372,490Averly 4H4,442,675252,893956,670010,2573,222,8551,986,144Averly 6H3,378,115192,730778,59108,8292,397,9651,466,322Averly 7H3,553,170201,3901,244,060025,0002,082,7201,484,988BAILEY UNIT #2H379,90921,465000358,444166,138BAILEY UNIT #4H195,08211,024000184,05897,414Berdie Apollo A 1H557,57632,051128,44701,273395,805253,079Berdie-Hoffmann-Apollo A 1H2,649,415141,790538,41103,9641,965,2501,227,431Berdie-Moczygemba A 1H1,758,428125,981309,05403,0111,320,382820,553Berdie-Moczygemba B 2H1,862,276131,578360,52503,4001,366,773870,022Berdie-Moczygemba C 3H1,026,41472,470265,91803,884684,142498,051Berdie-Stoeltje A 1H325,14522,98371,6550784229,723153,296Boots 101H4,146,661319,5341,053,667010,5352,762,9251,913,554Boots 102H8,971,137639,0321,396,344010,5356,925,2264,890,473Boots 1H4,955,879373,0611,200,837010,5353,371,4462,067,077Boots 2H4,552,250322,2731,046,741010,5353,172,7012,301,742Boots 3H3,901,989275,166944,385010,5352,671,9032,012,140Boots 4H1,291,45791,304374,092010,535815,526710,582CHALLENGER UNIT C 10H131,3687,90157,044067265,75141,137CHALLENGER UNIT C 11H34,2162,03422,56306728,9477,485CHALLENGER UNIT C 12H70,5044,20839,391067226,23318,483CHALLENGER UNIT C 1H66,6203,99637,740067224,21217,404CHALLENGER UNIT C 2H440,65126,361101,8940672311,724160,580CHALLENGER UNIT C 3H150,0699,05361,332067279,01248,371CHALLENGER UNIT C 4H613,90737,302114,7840672461,149237,475CHALLENGER UNIT C 5H399,12024,26597,4140672276,769146,022CHALLENGER UNIT C 6H440,18026,456101,3380672311,714163,369CHALLENGER UNIT C 9H116,7336,99753,475067255,58935,462CHALLENGER UNIT C AC 1H521,36632,501108,1930672380,000195,711CHALLENGER UNIT C AC 2H301,18218,62284,4670672197,421112,325CHALLENGER UNIT C AC 3H285,86317,42681,0180672186,747110,351Challenger Unit C B SA 1H204,87112,21647,4530336144,86682,363CONRAD UNIT 103H32,4521,86800030,58425,169Donnell-Whipple 1H11,603,507473,6013,510,326025,0007,594,5804,592,715Donnell-Whipple 2H15,024,960667,8023,738,435025,00010,593,7236,050,408Donnell-Whipple 3H19,696,855867,2754,437,944025,00014,366,6367,950,195DW SP3 AW 1H16,275,297833,8923,434,468025,00011,981,9377,301,251G WIATREK #2000011,398-11,398-10,318GAWLIK UNIT #1H0000000HOFFMANN-APOLLO A 1H98,4265,16729,104040763,74845,129HOFFMANN-APOLLO B 2H4,134,489223,619735,57706,0273,169,2661,949,186HOFFMANN-APOLLO D 4H395,32620,98799,5840986273,769182,321MOCZYGEMBA J S 12,829,158172,0441,029,15109,6881,618,275580,374MOCZYGEMBA R J NCT-2 5000012,500-12,500-11,316MZYK NORTH UNIT 1H2,030,685110,221616,74806,0331,297,683696,163MZYK UNIT 2H1,531,73884,468524,07706,033917,160517,245MZYK UNIT 3H1,361,16577,132599,56706,033678,433400,966

36These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPGrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasReservesReservesReservesReservesReservesReserves(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SEC PRICESENSITIVITYPROVEDBBOGDEVELOPED PRODUCING (Cont.)Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseMZYK UNIT 4H24.1330InitialWorkingInterest(%)SEC PRICESENSITIVITY18.1000InitialInitialWorkingRevenueInterestInterest(%)(%)SEC PRICESENSITIVITY203,18789,176603,65136,77716,141109,261MZYK UNIT 5H24.133018.1000129,28750,372340,97923,4019,11761,717MZYK UNIT 6H24.133018.100075,82013,99994,76013,7232,53417,152MZYK UNIT 7H24.133018.1000263,03441,971284,11247,6097,59751,424Otto-Whipple 1H100.000075.5018475165,7284,055,450359125,1273,061,940Otto-Whipple 2H100.000075.4628397124,8773,055,80530094,2352,305,997OTTO-WHIPPLE 3H100.000075.0000305,46999,409605,493229,10274,557454,120OTTO-WHIPPLE 4H100.000075.0000303,67488,352538,146227,75566,264403,609RJ Moczygemba 101H50.000037.500053,60064,486348,09320,10024,182130,535RJ Moczygemba 102H50.000037.500075,83340,082216,35928,43715,03181,135S. MCFARLAND-CHALLENGER C 1H1.34332.0149133,08714,94066,2972,6823011,336SOUTH TEXAS SYNDICATE 29 1H7.92067.64782,06432,868181,5121582,51413,882SOUTH TEXAS SYNDICATE 45 1H7.92067.64786,8677,91243,6945256053,342SP5 #1-16H100.000075.000017,2331,8569,66912,9251,3927,252SP5 #1-2H100.000075.0000000000SP5 #1-47H100.000075.000032,8088,33043,39124,6066,24832,543SP5 #2-47H100.000075.000011,1646,20032,2968,3734,65024,222SP5 2027H100.000075.0000253,788225,983917,627190,341169,487688,220SP5 3027H100.000075.0000260,707268,0371,088,394195,530201,028816,295SP5 AW A #1-27H97.814472.865642,88923,602122,93931,25117,19889,580SR ALTUVE 27H15.013511.260011,50523,544223,5231,2952,65125,169SR BREGMAN 2H16.295412.221541,51852,067494,3045,0746,36360,412STE 105H55.408741.002416,93512,09563,0006,9444,95925,831STE 205H55.408741.00243,4352,22511,5911,4099124,753STS #1-4H100.000075.0000000000STS #1-594.000070.50006820048100STS #1-3H100.000075.000012,0208,44343,9769,0156,33232,982STS #1-667 H100.000074.500010,4512,54313,2447,7861,8949,867STS 106H100.000075.0000000000STS 1-605H100.000075.0000000000STS 203H100.000075.000028,1706,39033,28521,1274,79324,964STS 206H100.000075.0000000000STS 2-605H100.000075.0000000000STS 2667H100.000075.000086,20714,22774,10664,65510,67055,579STS 306H100.000075.0000000000STS 3-605H100.000075.000014,5519,12147,51110,9136,84135,633STS 406H100.000075.0000000000STS 506H100.000075.0000000000STS 606H100.000075.0000000000STS AW A #1-17H100.000075.000017,13511,45059,64412,8518,58844,733STS AW B 4605H100.000075.0000115,546130,292529,06386,65997,719396,797STS AW C 5605H100.000075.000036,54467,719274,98027,40850,789206,235STS H South 1H20.000014.6000102,0021,216,2038,795,97514,892177,5661,284,212STS H South 2H20.000014.600087,9861,051,4427,604,37112,846153,5111,110,238STS H South 3H20.000014.60000241,4435,908,256035,251862,605STS I 1H0.84870.822982,811117,132646,8496819645,323STS SOUTH 10H100.000075.000021,228247,2431,788,14315,921185,4321,341,107STS SOUTH 11H100.000075.0000123,626222,5271,609,38892,720166,8951,207,041STS SOUTH 12H100.000075.000030,882235,1811,700,90423,162176,3861,275,678STS South 14H100.000075.0000155,970527,4633,814,783116,977395,5972,861,087STS South 16H100.000075.000056,111389,6742,818,24542,083292,2552,113,684STS South 17H100.000075.00002,865343,9128,415,7242,148257,9346,311,793STS South 18H100.000075.0000951383,6569,388,299713287,7427,041,224STS South 19H100.000075.0000272,095981,5287,098,731204,071736,1465,324,049STS SOUTH 1H100.000075.000041,605121,143876,14331,20390,857657,107STS South 20H100.000075.0000274,903992,6697,179,305206,177744,5025,384,479STS South 21H100.000075.0000260,100952,0136,885,263195,075714,0105,163,948STS South 22H100.000075.0000172,017825,0925,967,333129,013618,8194,475,500STS SOUTH 3H100.000075.0000022,669554,719017,002416,039STS SOUTH 6H100.000075.000072,794600,5514,343,37754,596450,4133,257,533STS SOUTH 9H100.000075.000016,274115,906838,27312,20586,930628,705TMK 102H42.140031.076580,61188,911633,33725,05127,630196,820TMK 103H37.910527.9575150,168140,7871,002,86741,98339,361280,377TMK 104H35.758126.3702278,796291,9902,079,92673,51976,998548,481TMK 105H42.140031.0765198,94139,731283,01661,82412,34787,952TMK 106H42.140031.0765327,11163,055449,160101,65519,595139,584TMK 10H42.140030.8260102,76817,525124,83431,6805,40238,481TMK 11H42.140031.0765110,84326,344187,65934,4468,18758,318TMK 3H42.140031.0765124,83919,551139,27138,7966,07643,281TMK 4H42.140031.076579,79810,20272,67324,7993,17022,584TMK 5H38.806628.6183201,58343,843312,30557,69012,54789,377

37These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED REVENUE FROM PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPFuture GrossProduction &RevenueAd ValoremOperatingCapitalAbandonmentFuture NetPresent WorthTotalTaxesExpensesCostsCostsRevenueat 10 Percent($)($)($)($)($)($)($)SEC PRICESENSITIVITYPROVEDBBOGDEVELOPED PRODUCING (Cont.)Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseMZYK UNIT 4H3,552,927205,119847,66206,0332,494,1131,224,670MZYK UNIT 5H2,217,748126,996657,52606,0331,427,193772,052MZYK UNIT 6H1,195,74565,887443,29106,033680,534419,064MZYK UNIT 7H4,103,789224,929873,82206,0332,999,0051,494,758Otto-Whipple 1H10,906,855439,2844,089,600025,0006,352,9713,772,389Otto-Whipple 2H8,216,467317,3073,247,188025,0004,626,9722,878,025OTTO-WHIPPLE 3H20,218,954951,5283,528,710025,00015,713,7169,601,673OTTO-WHIPPLE 4H19,858,433942,4543,332,698025,00015,558,2819,689,391RJ Moczygemba 101H2,638,303157,5331,127,868012,5001,340,402958,127RJ Moczygemba 102H2,909,965169,690970,834012,5001,756,9411,259,419S. MCFARLAND-CHALLENGER C 1H224,59113,38441,6560336169,21591,730SOUTH TEXAS SYNDICATE 29 1H83,5187,41149,87601,98024,25118,863SOUTH TEXAS SYNDICATE 45 1H55,5724,04037,24501,98012,30710,453SP5 #1-16H1,051,70555,244756,861025,000214,600179,843SP5 #1-2H000025,000-25,000-22,632SP5 #1-47H2,116,846114,3911,273,948025,000703,507503,375SP5 #2-47H800,77545,395617,292025,000113,088102,583SP5 2027H19,752,0501,013,4423,991,827025,00014,721,7818,333,023SP5 3027H21,062,4511,079,4364,075,137025,00015,882,8789,157,174SP5 AW A #1-27H2,983,741169,0231,604,934024,4541,185,330786,599SR ALTUVE 27H199,61711,265117,30203,75367,29755,491SR BREGMAN 2H632,53638,906271,05604,074318,500213,299STE 105H699,23039,219503,928013,852142,231116,253STE 205H138,8577,134122,474013,852-4,603-1,521STS #1-4H000025,000-25,000-22,632STS #1-537,4881,92331,103023,500-19,038-16,117STS #1-3H904,39052,269651,374025,000175,747154,444STS #1-667 H667,19135,985526,462025,00079,74475,119STS 106H000025,000-25,000-22,632STS 1-605H000025,000-25,000-22,632STS 203H1,799,37092,6991,077,500025,000604,171465,925STS 206H000025,000-25,000-22,632STS 2-605H000025,000-25,000-22,632STS 2667H5,379,218279,3832,139,023025,0002,935,8121,925,143STS 306H000025,000-25,000-22,632STS 3-605H1,068,57954,977741,009025,000247,593212,510STS 406H000025,000-25,000-22,632STS 506H000025,000-25,000-22,632STS 606H000025,000-25,000-22,632STS AW A #1-17H1,275,26973,390906,907025,000269,972217,979STS AW B 4605H9,582,141478,5942,540,184025,0006,538,3634,236,147STS AW C 5605H3,600,682169,4541,530,659025,0001,875,5691,412,065STS H South 1H9,299,373446,3181,786,86105,0007,061,1943,373,394STS H South 2H8,037,325377,5731,610,10305,0006,044,6492,969,468STS H South 3H3,064,761132,9031,045,73505,0001,881,1231,033,523STS I 1H77,2345,59217,686021253,74426,903STS SOUTH 10H9,740,148574,3083,275,020025,0005,865,8203,037,026STS SOUTH 11H14,882,464775,5973,591,851025,00010,490,0165,588,703STS SOUTH 12H9,890,480527,7623,210,210025,0006,127,5083,289,630STS South 14H27,256,0041,214,3405,357,150025,00020,659,51411,281,540STS South 16H16,676,775686,7164,274,405025,00011,690,6546,773,040STS South 17H22,593,298865,4856,828,083025,00014,874,7308,489,491STS South 18H25,072,645983,3767,410,381025,00016,653,8889,293,811STS South 19H49,657,7222,003,4777,892,966025,00039,736,27923,055,849STS SOUTH 1H6,598,281392,4392,427,534025,0003,753,3082,032,349STS South 20H50,204,9632,025,8157,954,267025,00040,199,88123,310,435STS South 21H47,941,3961,930,0857,718,390025,00038,267,92122,246,529STS South 22H38,424,7941,500,1936,972,205025,00029,927,39617,610,961STS SOUTH 3H1,478,15073,847976,960025,000402,343319,662STS SOUTH 6H24,901,0691,529,8435,741,474025,00017,604,7527,864,698STS SOUTH 9H4,936,076272,0112,136,050025,0002,503,0151,510,235TMK 102H3,246,377273,5631,183,212010,5351,779,0671,159,418TMK 103H5,127,590426,4711,407,02209,4783,284,6192,144,748TMK 104H9,342,996783,9992,073,76708,9406,476,2903,930,650TMK 105H5,494,984417,8851,018,039010,5354,048,5253,097,854TMK 106H9,003,368642,2451,361,197010,5356,989,3915,153,872TMK 10H2,774,033209,871782,182010,5351,771,4451,334,961TMK 11H3,120,544221,468865,856010,5352,022,6851,498,587TMK 3H3,372,851254,5281,028,903010,5352,078,8851,248,230TMK 4H2,123,799159,411797,045010,5351,156,808757,041TMK 5H5,173,749394,6661,219,66009,7023,549,7212,078,650

38These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPGrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasReservesReservesReservesReservesReservesReserves(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SEC PRICESENSITIVITYPROVEDBBOGDEVELOPED PRODUCING (Cont.)Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseTMK 6H35.6719InitialWorkingInterest(%)SEC PRICESENSITIVITY26.3066InitialInitialWorkingRevenueInterestInterest(%)(%)SEC PRICESENSITIVITY181,30242,625303,62847,69411,21379,874TMK 7H35.502226.1815230,33251,024363,45560,30413,35995,158TMK 8H28.963721.3596279,89130,110214,48159,7846,43145,812TMK 9H42.140030.8260134,89928,816205,26341,5848,88363,275Whiteside A #1H47.560335.6702220,31765,219318,22078,58823,264113,510Whiteside B #2H47.048335.0584263,45676,800374,73192,36426,925131,375Whiteside C #3H46.045734.4564339,86782,266401,400117,10628,346138,308WIATREK 101H38.750028.934895,75890,943615,61227,70726,314178,126WIATREK 102H38.750028.915963,63059,851405,14318,39917,306117,151WIATREK 103H38.750028.931086,87276,442517,45525,13322,116149,705WIATREK 104H38.750028.8834128,055144,257976,50636,98741,666282,048WIATREK 105H38.750028.915493,282149,9951,015,34726,97343,372293,592WIATREK 106H38.750028.901388,765159,8631,082,15325,65446,203312,757WIATREK 107H38.753328.901359,95384,504572,02517,32724,423165,323WIATREK 108H38.753328.901396,489126,426855,80727,88736,539247,340WIATREK 109H38.753328.901383,51473,236495,75124,13721,166143,279WIATREK 10H38.750028.902947,4974,04927,40813,7281,1707,922WIATREK 110H38.753328.901338,99649,418334,52111,27014,28296,681WIATREK 11H38.753328.9029104,50817,118115,87930,2064,94833,492WIATREK 12H38.753328.902963,15615,054101,90418,2544,35129,453WIATREK 13H38.753328.902993,41112,80886,70026,9993,70225,059WIATREK 14H38.753328.902976,63613,68492,62922,1503,95526,773WIATREK 15H38.753328.9029103,17213,48191,25829,8203,89626,376WIATREK 16H38.753328.902975,02824,576166,36321,6857,10348,084WIATREK 17H38.753328.902946,55715,787106,86513,4564,56330,887WIATREK 18H38.753328.902924,53911,83780,1257,0933,42123,158WIATREK 1H38.750028.9313112,74744,901303,94232,61912,99087,934WIATREK 201H38.753328.901361,97028,319191,69817,9108,18555,403WIATREK 202H38.753328.901385,37236,528247,26824,67410,55771,464WIATREK 203H38.753328.901349,84318,325124,04714,4055,29635,851WIATREK 2H38.750028.9348141,39926,015176,10140,9147,52750,955WIATREK 3H38.750028.885199,22516,431111,22728,6614,74632,128WIATREK 4H38.750028.8798125,86611,90780,60336,3503,43923,278WIATREK 5H38.750028.9394112,80343,556294,84432,64512,60585,326WIATREK 6H38.750028.9320129,24331,043210,14037,3938,98160,798WIATREK 7H38.750028.9220162,78227,416185,58847,0807,92953,676WIATREK 8H38.750028.8927155,38029,332198,55744,8948,47557,369WIATREK 9H38.750028.9286103,45267,984460,20229,92719,667133,130WIATREK, P V #192.500069.37507,974005,53200TOTAL DEVELOPED PRODUCING18,343,25617,019,883136,893,9846,353,7898,722,44573,998,444Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseUNDEVELOPEDAPOLLO UNIT 1019H (A-3)99.552075.6269243,648109,987593,706184,26483,180449,002APOLLO UNIT 1020H (A-2)99.552075.6269290,429130,842706,281219,64298,952534,139APOLLO UNIT 1021H (A-1)99.552075.6269288,495130,855706,350218,18098,962534,191APOLLO UNIT 22H (L-7)99.552075.6269114,05652,947285,80486,25740,042216,145APOLLO UNIT 23H (L-8)99.552075.6269105,93148,831263,58880,11336,929199,343APOLLO UNIT 24H (L-9)99.552075.626997,94744,772241,67674,07433,859182,772APOLLO UNIT 25H (L-10)99.552075.626998,20046,017248,39574,26634,801187,854APOLLO UNIT 26H (L-6)99.552075.626995,65543,442234,49772,34132,854177,343APOLLO UNIT 27H (L-5)99.552075.626986,07838,585208,28265,09829,181157,517APOLLO UNIT A-554.521641.0597131,879117,716635,39654,14948,334260,892APOLLO UNIT L-154.521641.0597137,87753,699349,32356,61222,049143,431APOLLO UNIT L-254.521641.059767,98424,970162,43727,91410,25366,696APOLLO UNIT L-354.521641.059786,21232,457211,14135,39813,32786,694APOLLO UNIT L-454.521641.0597107,00441,003266,73243,93516,836109,520CHALLENGER UNIT C A-12.68662.0149660,224212,995945,18813,3034,29219,045CHALLENGER UNIT C A-22.68662.0149660,224212,995945,18813,3034,29219,045CHALLENGER UNIT C A-42.68662.0149660,224212,995945,18813,3034,29219,045CHALLENGER UNIT C A-52.68662.0149660,224212,995945,18813,3034,29219,045CHALLENGER UNIT C A-62.68662.0149660,224212,995945,18813,3034,29219,045CHALLENGER UNIT C A-72.68662.0149660,224212,995945,18813,3034,29219,045May Ryan ABC-Atlas SA 1H21.560116.1701470,16984,686571,52176,02713,69492,416May Ryan C-H Hedtke-Atlas SA 1H11.02058.2654280,18149,870336,55623,1584,12227,818MZYK NORTH UNIT 10H (L-5)100.000065.6250419,94759,772404,608275,59039,225265,524MZYK NORTH UNIT 11H (L-6)100.000065.6250389,61855,278374,189255,68736,276245,561MZYK NORTH UNIT 12H (L-7)100.000065.6250370,84452,498355,369243,36634,452233,211MZYK NORTH UNIT 13H (L-8)100.000065.6250325,36045,767309,807213,51830,035203,311MZYK NORTH UNIT 8H (L-3)100.000065.6250441,08562,906425,823289,46241,282279,446MZYK NORTH UNIT 9H (L-4)100.000065.6250431,50561,485416,208283,17540,350273,136STS EFC 1040.214330.1607158,6381,516,83610,970,25147,847457,4893,308,711STS EFC 1140.214330.1607158,6441,521,49211,003,92247,848458,8943,318,867

39These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED REVENUE FROM PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPFuture GrossProduction &RevenueAd ValoremOperatingCapitalAbandonmentFuture NetPresent WorthTotalTaxesExpensesCostsCostsRevenueat 10 Percent($)($)($)($)($)($)($)SEC PRICESENSITIVITYPROVEDBBOGDEVELOPED PRODUCING (Cont.)Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseTMK 6H4,315,201330,1551,074,53608,9182,901,5921,730,927TMK 7H5,419,185413,6731,204,78008,8763,791,8562,263,812TMK 8H5,065,390378,720974,94007,2413,704,4892,132,027TMK 9H3,722,078283,740953,176010,5352,474,6271,794,208Whiteside A #1H6,797,782389,2401,650,847011,8904,745,8052,865,401Whiteside B #2H7,978,058456,9821,759,377011,7625,749,9373,393,282Whiteside C #3H9,957,535569,3471,904,319011,5117,472,3584,257,471WIATREK 101H3,204,255197,752890,60609,6882,106,2091,236,459WIATREK 102H2,121,549130,807765,32209,6881,215,732781,017WIATREK 103H2,841,181174,024831,61109,6881,825,8581,089,273WIATREK 104H4,521,115283,9491,082,27709,6883,145,2011,729,540WIATREK 105H3,781,051246,7241,023,84109,6882,500,7981,449,872WIATREK 106H3,780,758249,7821,008,44309,6882,512,8451,443,505WIATREK 107H2,300,761147,994709,47809,6881,433,601929,305WIATREK 108H3,599,740229,733914,95309,6882,445,3661,523,163WIATREK 109H2,725,840166,903736,07209,6881,813,1771,238,186WIATREK 10H1,145,28761,742508,74009,688565,117393,674WIATREK 110H1,436,75491,367526,52009,688809,179599,740WIATREK 11H2,608,415143,097806,77309,6881,648,857994,985WIATREK 12H1,627,05190,633604,10909,688922,621611,516WIATREK 13H2,304,608125,704735,49009,6881,433,726896,723WIATREK 14H1,924,942105,933675,40109,6881,133,920731,471WIATREK 15H2,538,260138,251789,70309,6881,600,618960,092WIATREK 16H2,004,978113,576674,65909,6881,207,055798,624WIATREK 17H1,249,93370,951501,85809,688667,436480,695WIATREK 18H696,68340,498348,87409,688297,623232,700WIATREK 1H3,101,838177,881915,20209,6881,999,0671,144,680WIATREK 201H1,742,333100,881635,59509,688996,169646,787WIATREK 202H2,373,541136,785754,65709,6881,472,411909,865WIATREK 203H1,353,42777,211506,45009,688760,078555,872WIATREK 2H3,563,879196,3461,083,33109,6882,274,5141,229,048WIATREK 3H2,476,954135,936787,85109,6881,543,479924,987WIATREK 4H3,045,248164,524920,25109,6881,950,7851,099,506WIATREK 5H3,089,532176,813944,12509,6881,958,9061,112,989WIATREK 6H3,335,509185,867955,68409,6882,184,2701,225,080WIATREK 7H4,073,697223,7011,059,43109,6882,780,8771,512,456WIATREK 8H3,918,581216,1031,086,27509,6882,606,5151,413,864WIATREK 9H3,134,655186,862888,19209,6882,049,9131,212,701WIATREK, P V #1440,17523,109292,790023,125101,15189,879TOTAL DEVELOPED PRODUCING915,885,07447,623,087232,825,09402,497,852632,939,041373,744,020Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseUNDEVELOPEDAPOLLO UNIT 1019H (A-3)18,245,9381,043,0863,641,0803,474,99924,88810,061,8857,417,628APOLLO UNIT 1020H (A-2)21,740,6561,244,8454,154,7544,048,41024,88812,267,7598,942,676APOLLO UNIT 1021H (A-1)21,624,6111,238,2464,149,1323,824,84924,88812,387,4969,085,023APOLLO UNIT 22H (L-7)8,588,606494,8112,461,0242,899,31824,8882,708,5651,447,572APOLLO UNIT 23H (L-8)7,965,642458,2792,331,6582,822,66824,8882,328,1491,203,212APOLLO UNIT 24H (L-9)7,352,971422,3472,200,4462,674,47924,8882,030,8111,035,703APOLLO UNIT 25H (L-10)7,408,580425,8272,188,4412,673,33324,8882,096,0911,078,207APOLLO UNIT 26H (L-6)7,171,736411,6822,167,2132,673,26824,8881,894,685939,988APOLLO UNIT 27H (L-5)6,437,279368,6182,002,2202,524,11024,8881,517,443711,770APOLLO UNIT A-56,386,487361,5571,742,2871,861,85813,6302,407,155936,560APOLLO UNIT L-15,512,769317,5901,511,8652,813,78213,630855,902-11,090APOLLO UNIT L-22,690,071152,760875,6961,593,72613,63054,259-108,446APOLLO UNIT L-33,426,127195,7391,059,9761,935,13913,630221,643-94,383APOLLO UNIT L-44,265,808244,7651,251,1142,304,46613,630451,833-68,749CHALLENGER UNIT C A-11,216,11671,191123,065187,765672833,423253,796CHALLENGER UNIT C A-21,216,11671,187123,048188,349672832,860251,959CHALLENGER UNIT C A-41,216,11671,191123,065187,808672833,380253,775CHALLENGER UNIT C A-51,216,11671,189123,049188,737672832,469249,442CHALLENGER UNIT C A-61,216,11671,187123,048183,725672837,484254,137CHALLENGER UNIT C A-71,216,11671,187123,048183,947672837,262254,033May Ryan ABC-Atlas SA 1H6,348,727361,2611,008,0281,924,7715,3903,049,277894,234May Ryan C-H Hedtke-Atlas SA 1H1,932,460109,834394,120729,0892,755696,662118,128MZYK NORTH UNIT 10H (L-5)23,578,0541,287,5174,575,7356,513,21325,00011,176,5896,492,364MZYK NORTH UNIT 11H (L-6)21,870,9201,194,1774,413,2906,194,47625,00010,043,9775,819,123MZYK NORTH UNIT 12H (L-7)20,814,1741,136,4004,309,9126,035,50025,0009,307,3625,365,340MZYK NORTH UNIT 13H (L-8)18,254,209996,4384,047,9675,512,98525,0007,671,8194,399,390MZYK NORTH UNIT 8H (L-3)24,767,9121,352,5754,686,2596,826,29225,00011,877,7866,869,889MZYK NORTH UNIT 9H (L-4)24,228,6461,323,0894,636,0516,669,37425,00011,575,1326,713,765STS EFC 1024,698,809881,3634,146,5333,776,80710,05415,884,0526,083,645STS EFC 1124,763,290883,1294,152,3883,780,57110,05415,937,1486,164,487

40These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPGrossGrossGrossNetNetNetOil and CondNGLSales GasOil and CondNGLSales GasReservesReservesReservesReservesReservesReserves(bbl)(bbl)(Mcf)(bbl)(bbl)(Mcf)SEC PRICESENSITIVITYPROVEDBBOGUNDEVELOPED (Cont.)Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseSTS EFC 1593.5000InitialWorkingInterest(%)SEC PRICESENSITIVITY70.1250InitialInitialWorkingRevenueInterestInterest(%)(%)SEC PRICESENSITIVITY145,7101,390,44010,056,111102,179975,0467,051,848STS EFC 1693.500070.1250161,9781,287,3579,310,579113,587902,7596,529,043STS EFC 1793.500070.1250161,9781,287,3579,310,579113,587902,7596,529,043STS EFC 2293.500070.125088,433841,0006,082,38462,014589,7514,265,272STS EFC 2393.500070.1250228,118655,3924,740,007159,968459,5943,323,930STS EFC 2693.500070.125092,500879,7686,362,76564,866616,9374,461,889STS EFC 27100.000075.0000227,652654,1234,730,830170,739490,5923,548,123STS EFC 3179.120059.3400137,6361,317,1219,525,84781,673781,5805,652,638STS EFC 3279.120059.3400137,6361,317,1339,525,92981,673781,5875,652,686STS EFD 3693.500070.12500161,3683,948,7680113,1592,769,074STS EFD 4493.500070.12500311,8057,630,0530218,6535,350,575STS EFD 4593.500070.12500287,2537,029,2390201,4364,929,254STS EFD 4793.500070.12500339,7938,314,9430238,2805,830,854STS EFD 4893.500070.12500326,1747,981,6690228,7295,597,145STS EFD 5193.500070.12500265,5896,499,1250186,2444,557,512STS EFD 5293.500070.12500289,5307,084,9690203,0334,968,334STS EFD 5493.500070.12500322,9037,901,6380226,4365,541,024STS EFD 5684.100063.35000322,4497,890,5270204,2724,998,649STS EFD 5784.100063.35000322,4037,889,3940204,2424,997,931STS EFD 6084.100063.35000322,6817,896,1860204,4185,002,234STS EFD 6193.500070.12500337,7378,264,6270236,8385,795,569STS EFD 6293.500070.12500154,1323,771,6960108,0852,644,902STS EFD 6393.500070.12500154,1323,771,6960108,0852,644,902STS EFD 65100.000075.00000136,5753,342,0740102,4312,506,556STS EFD 68100.000075.00000171,7624,203,1160128,8213,152,337STS EFD 73100.000075.00000233,8255,721,8290175,3694,291,372STS EFD 74100.000075.00000252,1116,169,3070189,0834,626,980STS OLMOS E - 1055.408741.0024124,71462,312263,73451,13625,550108,138STS OLMOS E - 455.408741.0024205,074121,745494,35784,08549,918202,698STS OLMOS E - 655.408741.0024237,734125,658510,25097,47751,523209,215STS OLMOS E - 7100.000075.0000230,749121,928495,102173,06191,446371,327STS OLMOS E - 855.408741.0024238,644156,119633,94097,85064,013259,931STS OLMOS E - 955.408741.0024129,25676,357323,17852,99831,308132,511STS OLMOS G - 1100.000075.0000355,927211,821860,122266,946158,866645,092STS OLMOS G - 2100.000075.0000293,466175,255711,642220,099131,441533,731STS OLMOS G - 3100.000075.0000258,463154,185626,086193,847115,639469,565STS OLMOS G - 6100.000075.0000303,921181,829738,334227,941136,371553,750STS OLMOS GW - 1100.000075.0000191,022113,266459,927143,26784,949344,945STS OLMOS P - 1100.000075.0000265,050173,290703,662198,787129,967527,746STS OLMOS PE - 180.055259.7935288,306188,391764,983172,389112,646457,411STS OLMOS PE - 295.887671.8646145,12695,656388,421104,29468,743279,138STS OLMOS PE - 384.145062.9118208,881136,862555,742131,41186,102349,628STS OLMOS PE - 478.133358.3282211,463138,527562,502123,34380,800328,098STS OLMOS PE - 560.229444.6778559,872365,2531,483,149250,139163,187662,640STS OLMOS PE - 662.588446.4764578,446377,3781,532,385268,841175,392712,198STS OLMOS PG - 2100.000075.0000390,935232,340943,440293,201174,255707,580STS OLMOS PG - 3100.000075.0000349,369207,979844,522262,027155,984633,391STS OLMOS S - 1100.000075.0000156,11295,190386,530117,08471,393289,898STS OLMOS S - 2100.000075.0000147,82182,187347,854110,86561,640260,890STS OLMOS SPG - 1100.000075.0000282,789169,012686,289212,091126,759514,717STS OLMOS SPG - 2100.000075.0000340,293202,663822,933255,219151,997617,200STS South 13H93.500070.1250206,317592,3754,284,250144,680415,4033,004,330STS South 15H93.500070.125094,540898,2016,496,08266,296629,8644,555,377TOTAL UNDEVELOPED17,534,66125,502,375247,828,2938,397,39915,104,505156,618,631TOTAL BBOG35,877,91742,522,258384,722,27714,751,18823,826,950230,617,075TOTAL PROVED35,931,22342,522,2583,181,164,60914,781,33423,826,9502,144,875,399GRAND TOTAL35,931,22342,522,2583,181,164,60914,781,33423,826,9502,144,875,399

41These data accompany the report of DeGolyer and MacNaughton and are subject to its specific conditions.DATA ON ESTIMATED REVENUE FROM PROVED RESERVESAS OF DECEMBER 31, 2023FROM CERTAIN PROPERTIES WITH INTERESTS ATTRIBUTABLE TOKIMMERIDGE TEXAS GAS, LLC AND BLACKBRUSH OIL & GAS, LPFuture GrossProduction &RevenueAd ValoremOperatingCapitalAbandonmentFuture NetPresent WorthTotalTaxesExpensesCostsCostsRevenueat 10 Percent($)($)($)($)($)($)($)SEC PRICESENSITIVITYPROVEDBBOGUNDEVELOPED (Cont.)Reserve ClassPropertiesReserve CategoryLeaseSummary by LeaseSTS EFC 1552,656,4021,877,4139,051,5829,397,83423,37532,306,19812,472,797STS EFC 1650,233,6731,813,4868,568,8469,081,84123,37530,746,12511,914,263STS EFC 1750,233,6731,814,0898,573,7419,081,84123,37530,740,62711,799,990STS EFC 2231,865,4491,116,2756,291,0416,397,51323,37518,037,2456,610,654STS EFC 2333,542,9521,369,0945,704,9268,109,89723,37518,335,6605,756,180STS EFC 2633,333,8341,168,6456,483,2606,595,60023,37519,062,9547,019,984STS EFC 2735,803,9251,460,9326,090,0908,664,33525,00019,563,5686,197,913STS EFC 3142,190,3531,501,2997,126,0519,137,31419,78024,405,90910,304,920STS EFC 3242,190,6941,501,3277,117,1559,137,31419,78024,415,11810,314,716STS EFD 369,838,275263,2663,827,6265,546,00423,375178,004-639,560STS EFD 4419,010,121567,3755,920,1468,189,55423,3754,309,671-110,961STS EFD 4517,513,205519,0605,563,5207,871,36423,3753,535,886-360,959STS EFD 4720,716,511623,0256,325,6898,495,26723,3755,249,155222,906STS EFD 4819,886,164596,0246,128,6418,353,96623,3754,784,15852,889STS EFD 5116,192,438474,8835,230,1627,552,11823,3752,911,900-538,212STS EFD 5217,652,054522,7925,590,9697,902,81023,3753,612,108-334,881STS EFD 5419,686,770589,7216,084,1408,317,94023,3754,671,59412,260STS EFD 5617,759,759533,4675,552,0459,762,68821,0251,890,534-2,138,112STS EFD 5717,757,210533,3435,564,9809,762,68821,0251,875,174-2,142,369STS EFD 6017,772,497534,0745,493,6439,762,68821,0251,961,067-2,088,230STS EFD 6120,591,148620,2886,309,6648,474,85623,3755,162,965184,202STS EFD 629,397,103250,0413,433,5435,337,73523,375352,409-828,070STS EFD 639,397,103250,0413,433,5435,337,73523,375352,409-828,070STS EFD 658,905,572229,3893,340,3525,242,40725,00068,424-859,404STS EFD 6811,199,977303,4454,291,2496,187,32525,000392,958-673,791STS EFD 7315,246,866439,6415,073,6547,506,54425,0002,202,027-806,026STS EFD 7416,439,253479,3225,377,9597,845,21025,0002,711,762-691,651STS OLMOS E - 104,737,992235,0181,160,7243,112,30513,852216,093-279,122STS OLMOS E - 48,010,157398,3371,655,0643,584,26113,8522,358,643265,539STS OLMOS E - 69,103,937454,6751,697,7263,796,47813,8523,141,206512,844STS OLMOS E - 716,162,398807,0443,026,3906,773,14725,0005,530,8171,059,158STS OLMOS E - 89,491,239471,8931,729,6123,356,66913,8523,919,2131,129,066STS OLMOS E - 95,049,830249,5041,217,8103,111,84013,852456,824-207,621STS OLMOS G - 125,441,0511,271,8873,975,6418,112,60625,00012,055,9174,191,437STS OLMOS G - 220,989,4461,047,7063,558,8857,423,95825,0008,933,8972,742,747STS OLMOS G - 318,482,369921,3093,441,1607,044,73925,0007,050,1611,175,669STS OLMOS G - 621,744,2991,085,5893,814,9327,537,05125,0009,281,7271,729,881STS OLMOS GW - 113,644,957678,2532,899,3826,314,46925,0003,727,853358,140STS OLMOS P - 119,279,717959,7173,333,5156,265,88325,0008,695,6023,051,460STS OLMOS PE - 116,717,629832,5922,779,4115,164,10920,0147,921,5032,856,956STS OLMOS PE - 210,131,091500,2202,260,4653,465,53023,9723,880,9041,269,897STS OLMOS PE - 312,750,428633,0162,447,3914,897,99721,0364,750,9881,326,921STS OLMOS PE - 411,967,146594,2842,292,2794,564,15619,5334,496,8941,261,373STS OLMOS PE - 524,249,9951,213,3693,060,0455,182,43915,05714,779,0856,475,453STS OLMOS PE - 626,063,2141,304,4343,253,6885,477,51715,64716,011,9287,069,263STS OLMOS PG - 227,936,5631,397,4884,191,8508,498,55225,00013,823,6734,976,103STS OLMOS PG - 324,973,5991,248,3483,933,6528,040,29325,00011,726,3064,053,663STS OLMOS S - 111,207,704555,1452,474,8905,909,18425,0002,243,4853,920STS OLMOS S - 210,452,483518,5012,369,8795,820,47525,0001,718,628-135,850STS OLMOS SPG - 120,228,6381,009,3273,477,3497,306,24025,0008,410,7222,518,017STS OLMOS SPG - 224,326,6431,215,8133,883,3307,940,23425,00011,262,2663,821,169STS South 13H30,325,0211,235,3275,351,6297,692,90323,37516,021,7874,897,609STS South 15H34,037,8081,194,1206,481,0366,686,86223,37519,652,4157,324,456TOTAL UNDEVELOPED1,441,889,51361,317,740306,161,464453,340,0991,655,706619,414,504216,224,704TOTAL BBOG2,357,774,587108,940,827538,986,558453,340,0994,153,5581,252,353,545589,968,724TOTAL PROVED7,139,253,267446,599,7351,910,851,0782,175,153,73013,269,6562,593,379,068961,328,680GRAND TOTAL7,139,253,267446,599,7351,910,851,0782,175,153,73013,269,6562,593,379,068961,328,680

42THIS PAGE LEFT BLANK INTENTIONALLY

Exhibit 5

March 28, 2024

Mr. Ben Dell
Managing Partner

Kimmeridge Energy Management Company, LLC
15 Little W 12^th Street

New York, NY 10014

Dear Ben,

As noted in our proxy filed this morning, the Board of SilverBow has rejected your recent proposal as not delivering adequate value to all SilverBow shareholders. The information readily available to our independent advisors on KTG’s assets did not support your view of valuation.

That being said, we will continue to engage with Kimmeridge regarding a potential transaction. As a publicly listed company, SilverBow discloses a tremendous amount of relevant information. But you have not disclosed a comparable level of information about KTG, a fact noted by many of our shareholders. We believe that additional transparency on your part is necessary for SilverBow and its shareholders to effectively evaluate a potential transaction.

Accordingly, we request that you provide to us a similar level of disclosure on KTG assets and we have attached a data request list as an appendix to this letter. We will review this information expeditiously upon receipt and then revert to you on potential next steps.

On behalf of the entire SilverBow Board, we look forward to engaging further with you to continue to explore a potential transaction.

Thanks,

Sean C. Woolverton

Chief Executive Officer & Director
SilverBow Resources, Inc.

Appendix: Public Company Data Request List

2023 financial audit

Audited year end 3rd party reserve letter

Summary of current capital structure and liquidity, including:

Terms and conditions regarding any revolving credit facility commitment and borrowing base size

Detail on any preferred or other debt instruments

All debt documents – Similar details as SilverBow disclosure

2024 financial metrics (EBITDA, CAPEX, unlevered FCF)

1Q24 and full year 2024 production volumes

2024 cost estimates (differentials, LOE, GPT, production taxes, and G&A)

By area (Webb, STS, Southern LaSalle-McMullen, Eastern McMullen, Karnes):

Gross remaining locations

Average undeveloped WI/NRI

2024 & 2025 D&C by formation

2025+ rig cadence by year

Midstream abbreviated contract summary

Updated hedge summary

Kimmeridge Energy Management DFAN14AAdditional proxy materials by non-management