SUGG RANCH - Exited

Permian - Midland Basin

In August 2016, OwnResources acquired the Sugg Ranch property with our capital partner, Bayou City Energy

The asset is a perfect fit with our late-life strategy.   The asset's near 100% WI, ~950 boe daily production, and 33,000 net HBP acres provide signficiant upside through both improvements in operating efficiency and the development of proven, but largely untapped, stacked payzones