POWELL "28"

Oil · District 7C · Lease #12387

Operator: OIL PROJECTS, LLC

Fields: CARAWAY & SMITH (1600 SD.)

Cum Oil

24k BBL

Cum Gas

4k MCF

casinghead

Wells

2

Production

1993-01 — 2024-08

Peak Month

1996-09

Production History

Cum Oil: 23,677 BBL Cum Gas: 3,926 MCF

RRC production reported through Apr 2026 · recent months incomplete

Decline Curve Analysis

qi

137 BBL/mo

Di (annual)

13.1%

b-factor

0.0

EUR

12,431 BBL

R-squared

0.323

type

exponential

Operator History (from monthly production reports)

2021-01 — 2026-07 OIL PROJECTS, LLC 67 mo

2018-03 — 2020-12 CREST OPERATING COMPANY 34 mo

2003-09 — 2018-02 ARIES OPERATING, LP 174 mo

2000-05 — 2003-08 ARIES OPERATING, LLC 40 mo

1998-08 — 2000-04 FIRST RESERVE OIL & GAS CO 21 mo

1993-01 — 1998-07 CARAWAY OPERATING CO. 67 mo

Wells (2)

WELL#	API	OPERATOR	PERMITS	DEPTH	LAST_ISSUED
51	42-413-33032	OIL PROJECTS LLC	1	1,999	2023-11-27
10	42-413-31658	OIL PROJECTS LLC	1	2,000	1987-12-11