TERCERO

Oil · District 08 · Lease #59064

Operator: SADDLEBACK EXPLORATION, LLC

Cum Oil

121k BBL

Cum Gas

128k MCF

casinghead

Wells

1

Production

2022-11 — 2026-04

Peak Month

2023-03

Production History

Cum Oil: 120,894 BBL Cum Gas: 128,128 MCF

RRC production reported through Apr 2026 · recent months incomplete

Decline Curve Analysis

qi

4,362 BBL/mo

Di (annual)

29.4%

b-factor

0.0

EUR

177,727 BBL

R-squared

0.476

type

exponential

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
2HFORMENTERA OPERATIONS LLC18,0002022-07-28