< leases

GUNTER -25-

Oil · District 08 · Lease #25961

Operator: WILLIAMS-CODY, INC.

Fields: CONGER (PENN)

Cum Oil

28k BBL

Cum Gas

1.7M MCF

casinghead

Wells

6

Production

1993-01 — 2026-04

Peak Month

1993-12

Production History

Cum Oil: 28,194 BBL Cum Gas: 1,734,891 MCF

RRC production reported through Apr 2026 · recent months incomplete

Decline Curve Analysis

qi

726 BBL/mo

Di (annual)

35.2%

b-factor

0.2

EUR

30,839 BBL

R-squared

0.574

type

hyperbolic

Operator History (from monthly production reports)

2022-01 — 2026-07 BOLDING ENERGY, LLC 55 mo
2020-01 — 2021-12 CARDONA, LLC 24 mo
2019-02 — 2019-12 BOLDING ENERGY, LLC 11 mo
2013-10 — 2019-01 WHITE ROCK OIL & GAS, LLC 64 mo
1999-02 — 2013-09 CODY ENERGY LLC 176 mo
1993-05 — 1999-01 CODY ENERGY, INC. 69 mo
1993-01 — 1993-04 WILLIAMS-CODY, INC. 4 mo

Wells (6)

WELL#APIOPERATORPERMITSDEPTHLAST_ISSUED
642-431-32651BOLDING ENERGY, LLC18,2501993-05-28
542-431-32388BOLDING ENERGY, LLC19,5001992-04-02
442-431-31433BOLDING ENERGY, LLC18,4501983-12-13
342-431-31408BOLDING ENERGY, LLC18,4501983-10-14
242-431-31342BOLDING ENERGY, LLC18,4001983-07-01
1R42-431-30800BOLDING ENERGY, LLC18,5001979-07-26