Ryan Carver

Daylight Petroleum LLC (“Daylight”) has retained PetroDivest Advisors to market for sale certain of its operated oil and gas leasehold and related assets located throughout northern Texas. The assets provide an attractive opportunity to acquire (i) an oil-weighted net production base of 290 Boed (80% oil) on a stable ~7% annual decline; (ii) $2.2MM in NTM net operating cash flow (PDP only); (iii) an expansive ~14,500 net acre footprint (100% operated); and (iv) an actionable inventory of low-risk, low-cost return-to-production and recompletion projects which enhance long-term value. Asset Highlights Oil-Weighted Production Base 290 Boed of net production (80% oil) from 275 active wells PDP PV10: $14.4MM PDP Net Reserves: 1.6 MMBoe $2.2MM of high-margin PDP net operating cash flow (NTM) 40%+ margin on NTM revenue Company-owned service company underpins expense synergies Expansive, Operated ~14,500 Net Acre Position Asset 100% operated by Daylight, allowing for immediate control of development strategy Acreage 100% HBP Attractive royalty burden at ~82% NRI 8/8th (average 90% WI & 74% NRI) Low-Risk Workover Projects Maintain Production Through Q1-2027 Diverse footprint across prolific stacked-pay fields offers upside via return-to-production, recompletion, and infill drilling opportunities 3 recompletion projects maintain production through February 2027 94% WI & 77% NRI Average $46M/well gross cost Additional unquantified upside potential enhances long-term value and extends asset life 3P PV10: $14.7MM 3P Net Reserves: 1.7 MMBoe Process Summary Evaluation materials available via the Virtual Data Room (“VDR”) on Monday, October 27th Bids are due Wednesday, November 19th Daylight anticipates simultaneous PSA execution and closing by December 31, 2025 Please see the attached Opportunity Overview for additional details regarding the properties and sales process. All footnotes and disclaimers are incorporated herein. Please contact Linda Fair to request a confidentiality agreement (for VDR access) or to learn more about this opportunity.

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I’m proud to share that my latest piece, “Louisiana’s Big Tax Change Opens New Opportunities for Oil Companies,” was just published by Energies Media. After years of effort and advocacy, Louisiana has passed HB600, reducing the oil #SeveranceTax rate for new wells from 12.5 percent to 6.5 percent. This change satisfies a promise by Governor Landry, brings the state in line with national standards, and makes it much more attractive for investment. As someone who works directly with companies navigating the complexities of severance taxes, I’ve seen how Louisiana’s previous rate discouraged development. This shift has the potential to unlock new drilling activity, create jobs, and boost energy production across the state. Thank you to #EnergiesMedia for publishing my article and helping share this important update with the industry. *See link to the article in the comments. Summary of Article Highlights: - Big Tax Cut: Louisiana passed HB600, reducing the oil severance tax for new wells from 12.5% to 6.5%, aligning more closely with other oil-producing states. - Advantage for New Projects: The change applies only to new wells, which could spark significant investment in the state's untapped reserves. - Offset Mechanism: To maintain budget neutrality, the exemption period for horizontal wells was reduced from 24 to 18 months. - Gas Tax Issue Remains: Louisiana still taxes natural gas by volume, not value, which limits revenue during high-price periods. - Opportunity Ahead: The law sends a strong signal to oil companies that Louisiana is once again a competitive place to drill and invest. #OilAndGas #LouisianaEnergy #EnergyPolicy

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At CleanConnect.ai, we are continuing to scale AI-powered operational event detection technology for energy & industrial applications. This one is exciting! https://cleanconnect.ai/

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Mach Natural Resources LP has entered into definitive agreements to acquire oil & gas assets from Sabinal Energy and IKAV Energy in the Permian and San Juan basins, for approximately $1.3 billion Mach Natural Resources. These acquisitions, effective April 1, 2025, are “immediately accretive to cash available for distribution” and purchased at a discount to PDP PV‑10 Business. The deal nearly doubles Mach’s production capacity—from ~81 Mboe/d to ~152 Mboe/d—and expands net acreage by about 700,000 acres. Mach strengthens its strategic position across three key basins (Mid‑Continent, Permian, San Juan), boosting gas exposure to 66% and positioning itself as a consolidator with flexible capital allocation . We've seen a lot of data at Revo on the initial production and flow back strategies on operators in this area and we see a lot of upside if these wells are managed properly... but we have also see many examples were the wells in this area can struggle when not managed properly. If you'd like to hear more about our experience with wells in this area please let us know" then tag both of those companies. https://lnkd.in/gsAVyqWa #energy #oilandgas #oil&gas #energyfinance

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PSA: the Petroleum Club of Houston makes some wicked fried chicken... ...and there was also some great conversations at the IADC Houston Chapter & AADE Houston Joint Luncheon this week! Big thanks to JP Warren for moderating a thoughtful panel discussion. It was great to catch up with former colleagues, current friends, industry partners, and customers. A reminder of the strength and value of this community - especially in challenging markets! One of the most engaging topics was: “Where do you see the biggest impact of AI in your business?” A few standout takeaways for me: 🔷 Faster processing of seismic data → could mean more aggressive approaches to upcoming lease sales. 🔷 Some of the best ideas for AI use cases are being identified in the field, not the corporate office. 🔷 Track the time AI frees up for you and be intentional about what you use it on - make sure it's high-value. 🔷 The benefit of AI depends heavily on the data you are able to feed it 🔷 The best AI outcomes are seen when experienced people are able to guide and direct its use. 🔷 AI might crunch data, but it can’t rewire your house, we should be encouraging kids to learn trades. Clear message: AI is an accelerator, not a replacement. We’ll always need experienced people at the helm. The themes are consistent with what we see at Stepwise. There’s no shortage of data available in this industry, but without the ability to act on it, it’s just more noise, and people are already busy enough. The real value lies in generating insights that drive better decisions, smarter planning, and meaningful results. Plenty of food for thought... #AI #OilAndGas #Leadership #ContinuousImprovement #IADC #WickedChicken

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