ESTELLE COUNCIL -70-

Oil · District 7C · Lease #18238

Operator: P1 ENERGY, LLC

Fields: SPRABERRY (TREND AREA)

Cum Oil

47k BBL

Cum Gas

967k MCF

casinghead

Wells

5

Production

2013-05 — 2026-03

Peak Month

2014-01

Production History

Cum Oil: 47,207 BBL Cum Gas: 966,565 MCF

RRC production reported through Apr 2026 · recent months incomplete

Decline Curve Analysis

qi

1,407 BBL/mo

Di (annual)

59.2%

b-factor

0.5

EUR

53,433 BBL

R-squared

0.857

type

hyperbolic

Operator History (from monthly production reports)

2023-01 — 2026-07 P1 ENERGY, LLC 43 mo

2021-04 — 2022-12 EARTHSTONE OPERATING, LLC 21 mo

2018-11 — 2021-03 INDEPENDENCE RESOURCES MGMT, LLC 29 mo

2013-12 — 2018-10 HUNT OIL COMPANY 59 mo

2013-05 — 2013-11 MERIT ENERGY COMPANY 7 mo

Wells (5)

WELL#	API	OPERATOR	PERMITS	DEPTH	LAST_ISSUED
5	42-383-38188	P1 ENERGY, LLC	1	10,500	2013-01-25
6	42-383-38176	P1 ENERGY, LLC	2	10,500	2013-01-09
8	42-383-38175	P1 ENERGY, LLC	1	10,500	2013-01-09
3	42-383-31796	P1 ENERGY, LLC	3	8,800	2011-09-16
1	42-383-31673	P1 ENERGY, LLC	2	8,800	2009-01-27