SEGUNDO

Oil · District 08 · Lease #59025

Operator: SADDLEBACK EXPLORATION, LLC

Cum Oil

215k BBL

Cum Gas

140k MCF

casinghead

Wells

1

Production

2022-11 — 2026-04

Peak Month

2023-03

Production History

Cum Oil: 214,579 BBL Cum Gas: 140,221 MCF

RRC production reported through Apr 2026 · recent months incomplete

Decline Curve Analysis

qi

7,281 BBL/mo

Di (annual)

40.9%

b-factor

2.0

EUR

1,169,300 BBL

R-squared

0.487

type

hyperbolic

Operator History (from monthly production reports)

2024-05 — 2026-07 FORMENTERA OPERATIONS LLC 27 mo
2022-11 — 2024-04 SADDLEBACK EXPLORATION, LLC 18 mo

Wells (1)

WELL#APIOPERATORPERMITSDEPTHLAST_ISSUED
1HFORMENTERA OPERATIONS LLC28,0002021-10-14