oil & gas assets
EnergyNet Inc Drilling Prospects & Ventures

DV 6029 ACTIVE DEAL

Drilling Prospects & Ventures
* All Standard Disclaimers Apply & Seller Rights Retained

MIDLAND BASIN DRILL TO CARRY

Covers ~1,127-Net Leasehold Acres
HOWARD COUNTY, TEXAS
Development From 8,750 - 10,000 Feet
Operations In Section 29 By 1-Mar-2023
97.5875% (74.4406% NRI) In E2 Of
Section 20 & E2SE4 of Section 29
95.43% WI (72.8231% NRI) In E2 Of
Section 20 & W2SE4 of Section 29
94.7771% WI (71.0836% NRI) In S2NW4,
SW4 Section 20 & W2 Section 29
87.1771% WI (65.3868% NRI) In S2NW4,
SW4 Section 20 & W2 Section 29
Existing PDP Excluded From Sale
BIDS ARE DUE NOVEMBER 30, 2022
DV 6029

Onshore Land Base
Unconventional Play Type
ENERGYNET INC - OVINTIV INC

Deal Summary

Ovintiv Inc has retained EnergyNet Inc to assist in the sale of certain Midland Basin drill to carry assets in Texas.

Highlights:
-- Located in Howard Co., TX;
-- Covers ~1,127 net leasehold acres (619 net HBP leasehold acres and 508 net acres w/Expiration);
-- Current WI/NRI held by Ovintiv: 97.5875% (74.4406% NRI) in E2 of Section 20 & E2SE4 of Section 29, 95.43% WI (72.8231% NRI) in E2 of Section 20 & W2SE4 of Section 29, 94.7771% WI (71.0836% NRI) in S2NW4, SW4 Section 20 & W2 Section 29, and 87.1771% WI (65.3868% NRI) in S2NW4, SW4 Section 20 & W2 Section 29;
-- Development from 8,750 to 10,000 feet;
-- Operations must be in Section 29 by 1-Mar-2023;
-- Existing PDP excluded from sale.

To learn more contact:
Ms. Emily McGinley
Phone: 405-795-2975
Email: Emily.McGinley@energynet.com

*Disclaimer
Oil and gas exploration, production and investment are extremely speculative. This website and content herein may also contain forward-looking statements as that term is defined in applicable securities laws. Words such as “anticipate,” “believe,” “continue,” “expect,” “estimate,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “goal,” “objective” will typically identify such forward-looking statements. Although buyers, sellers and capital providers are making the forward-looking statements contained herein in good faith and on the basis of assumptions a Company believes are reasonable, actual results may differ materially from those predicted in such forward-looking statements. Following are a list of factors that could cause actual results to differ from those predicted: acquisition and investment risks; uncertainty of estimates of natural gas and oil reserves and production rates; inherent hazards and risks associated with the Company‘s assets; drilling risks; compliance with environmental and other governmental regulations; the competitive nature of the Company‘s industry; weather risks and other natural disasters. All users of the PLS website recognize that ALL STANDARD DISCLAIMERS APPLY and ANY AND ALL SELLER RIGHTS ARE RETAINED. As with all commercial websites, PLS is NOT responsible for any of the data found herein NOR for the business decisions of any individual using this website.