Permian Operated & Non-Op Package

Energy Advisors Group has been retained by BCP Resources to market a Permian Basin asset package located across Reagan, Upton and Winkler Counties, Texas.

The offering includes a long-life producing asset base with a sizeable operated footprint, additional non-operated interests, and exposure to active offset development across the Midland Basin and Central Basin Platform.

Sale Package Highlights

1. 128 total wells: 117 operated wells and 11 non-operated wells
2. Located in Reagan, Upton and Winkler Counties, Texas
3. Current gross production of 1,434 BOEPD
4. Current net production of 500 BOEPD
5. Forecast net cash flow of $480,000 per month
6. Third-party engineering indicates PDP PV-10 of $27.6 million
7. Total proved PV-10 of $35.4 million
8. 66% PDP / 34% PDNP value split
9. Workover and recompletion opportunities target 350 BOEPD
10. Estimated capital of $2 million
11. ARIES and PHDWin databases available in the VDR

The assets include exposure to the Spraberry, Jo Mill, Dean, Wolfcamp A-D, and additional identified targets. The package is anchored by legacy vertical production with meaningful remaining upside through targeted workovers, recompletions, and continued offset development activity.

Engineering Support

The package is supported by third-party engineering, which highlights total proved PV-10 of $35.4 million and PDP PV-10 of $27.6 million. The reserve base includes both PDP and PDNP opportunities, providing buyers with a clear framework to evaluate current cash flow and future upside.

Workover / Recompletion Upside

BCP has identified low-risk workover and recompletion projects with estimated capital of $50,000 to $150,000 per well. In total, these projects target approximately 350 BOEPD of production uplift on about $2 million of capital.

The operated wells are also located near active horizontal development by major Permian operators, including Exxon, Double Eagle, Diamondback, and others. In certain cases, nearby offset frac activity has increased production in BCP wells by up to 300%.

Many of the legacy vertical wells have broad perforated intervals, often ranging from the Spraberry through the Devonian. This reservoir exposure is a key reason the wells may respond positively to nearby horizontal stimulation activity.

VDR Materials

The VDR includes:

1. QuickLook summary tab
2. Total Net LOS
3. PHDWin and ARIES databases
4. Summary engineering reports
5. Geology and cross sections

The confidential files are available for review after completion of the DocuSign CA. The bid date for this opportunity is scheduled for May 28. Please contact the EAG team below with any questions or to request access to the VDR.

Please direct all inquiries to the EAG contacts listed below:

Christian Jones

Director

cjones@energyadvisors.com

--- Phn: 713-857-1213

Richard S. Martin

Director

[email protected]

--- Phn: 469-866-9796

Vann Keefover

Petroleum Engineer

[email protected]

--- Phn: 713-600-0144

Houston Office

4265 San Felipe, Suite 650

Houston, TX, 77027

---Main: 713-600-0123