BAILEY -12-

Oil · District 08 · Lease #53560

Operator: P1 ENERGY, LLC

Cum Oil

23k BBL

Cum Gas

140k MCF

casinghead

Wells

14

Production

2019-10 — 2026-03

Peak Month

2020-04

Production History

Cum Oil: 22,927 BBL Cum Gas: 140,177 MCF

RRC production reported through Apr 2026 · recent months incomplete

Decline Curve Analysis

qi

396 BBL/mo

Di (annual)

16.1%

b-factor

0.0

EUR

29,520 BBL

R-squared

0.442

type

exponential

Operator History (from monthly production reports)

2023-01 — 2026-07 P1 ENERGY, LLC 43 mo
2021-04 — 2022-12 EARTHSTONE OPERATING, LLC 21 mo
2019-10 — 2021-03 INDEPENDENCE RESOURCES MGMT, LLC 18 mo

Wells (14)

WELL#APIOPERATORPERMITSDEPTHLAST_ISSUED
5SP1 ENERGY, LLC38,5002020-04-08
15P1 ENERGY, LLC28,2002008-07-18
7P1 ENERGY, LLC28,4002008-07-18
4P1 ENERGY, LLC28,2002008-07-11
1209P1 ENERGY, LLC28,4002007-02-14
11P1 ENERGY, LLC28,2002006-08-21
14P1 ENERGY, LLC28,2002006-08-21
10P1 ENERGY, LLC28,2002005-03-16
13P1 ENERGY, LLC28,2002005-03-16
6P1 ENERGY, LLC28,4002004-09-17
16P1 ENERGY, LLC28,2002004-03-31
8P1 ENERGY, LLC28,4001997-05-16
3P1 ENERGY, LLC28,0001997-05-06
12P1 ENERGY, LLC18,4001992-01-02