UNIVERSITY 38

Oil · District 08 · Lease #36923

Operator: PIEDRA OPERATING, LLC

Fields: SATELLITE (DEVONIAN)

Cum Oil

1.8M BBL

Cum Gas

328k MCF

casinghead

Wells

1

Production

2002-04 — 2026-04

Peak Month

2002-08

Production History

Cum Oil: 1,780,972 BBL Cum Gas: 328,320 MCF

RRC production reported through Apr 2026 · recent months incomplete

Decline Curve Analysis

qi

16,183 BBL/mo

Di (annual)

16.9%

b-factor

0.2

EUR

1,406,364 BBL

R-squared

0.696

type

hyperbolic

Operator History (from monthly production reports)

2023-06 — 2026-07 OVINTIV USA INC. 38 mo

2014-10 — 2023-05 PIEDRA OPERATING, LLC 104 mo

2008-12 — 2014-09 BOPCO, L.P. 70 mo

2007-01 — 2008-11 BEPCO, L.P. 23 mo

2002-04 — 2006-12 BASS ENTERPRISES PRODUCTION CO. 57 mo

Wells (1)

WELL#	API	OPERATOR	PERMITS	DEPTH	LAST_ISSUED
1	42-003-38944	OVINTIV USA INC.	1	13,000	2001-12-21