CLEO

Oil · District 06 · Lease #15981

Operator: VALENCE OPERATING COMPANY

Cum Oil

164k BBL

Cum Gas

30k MCF

casinghead

Wells

1

Production

2023-09 — 2026-04

Peak Month

2023-11

Production History

Cum Oil: 164,468 BBL Cum Gas: 29,766 MCF

RRC production reported through Apr 2026 · recent months incomplete

Decline Curve Analysis

qi

10,959 BBL/mo

Di (annual)

88.0%

b-factor

0.3

EUR

213,120 BBL

R-squared

0.844

type

hyperbolic

Operator History (from monthly production reports)

2023-09 — 2026-07 VALENCE OPERATING COMPANY 35 mo

Wells (1)

WELL#APIOPERATORPERMITSDEPTHLAST_ISSUED
1HVALENCE OPERATING COMPANY38,9002023-01-20