Operated and Non-Operated Working Interest Assets in the SCOOP/Merge/Stack Core and additional regions

EXECUTIVE SUMMARY Eagle River Holdings, LLC has been exclusively retained by Finley Resources (“Seller”) for the divestiture of operated and non-operated working interest assets and associated development rights located in the SCOOP, Merge, STACK and additional regions of the Anadarko Basin in Oklahoma. PROPERTY DESCRIPTION Significant Near Term Development Activity ~2,418 MBOE net Reserves under active development (DUC / drilling / permitting) ~450 net BOEPD production (March 2018) Three rigs

TPG Pace Energy Holdings Announces $2.66 Billion Business Combination with EnerVest’s South Texas Division to Form Publicly Traded Magnolia Oil & Gas Corporation

Formation of Magnolia creates a large-scale, oil-weighted, pure-play South Texas independent oil and gas operator Assets include top-tier positions in the Eagle Ford and Austin Chalk in the core of Karnes County and an extensive position in the Giddings Field, an emerging high-growth Austin Chalk play TPGE Chairman and CEO Steve Chazen will lead Magnolia on a full-time basis and reunite with another Occidental Petroleum veteran, Christopher Stavros, who will become CFO HOUSTON, March 20, 2018 – TPG Pace Energy Holdings

Fieldwood Energy Files Prepackaged Chapter 11 Cases and Announces Gulf of Mexico Acquisition

Fieldwood Energy LLC (together with its subsidiaries and certain affiliates, the “Company” or “Fieldwood”) announced today that it has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas as part of a “prepackaged” chapter 11 case. In connection with the filing, the Company entered into a Restructuring Support Agreement (“RSA”) with support from stakeholders


Marathon Oil Corporation (NYSE: MRO) announced today it has signed and closed on the sale of its subsidiary, Marathon Oil Libya Limited, which holds the Company’s 16.33 percent non-operated interest in the Waha concessions in Libya, to a subsidiary of Total S.A. (Elf Aquitaine SAS) for cash consideration of $450 million. The divestiture represents a complete country exit for Marathon Oil. “Today’s announcement to divest Libya at an attractive valuation continues the simplification and concentration of our portfolio to

Goodrich Petroleum Announces East Texas Asset Sale

Goodrich Petroleum Corporation (NYSE American: GDP) (the “Company”) today announced an asset sale, operational update and fourth quarter and year-end 2017 financial results. East Texas Asset Sale Enhances Liquidity The Company announced that it has closed on the sale of certain production, facilities, infrastructure and a portion of its acreage in the Angelina River Trend to BP America Production Company. The Company will use a portion of the proceeds from

Oklahoma - HOUSE BILL 2775

An Act relating to oil and gas; amending 52 O.S. 2011, Section 570.10, which relates to payment of proceeds from sale of oil and gas production; establishing liability for withholding certain royalty payments; removing annual requirement of compounding certain interest; adding persons who may require holder of certain funds to interplead certain funds into court; removing certain interest sums from being subject to certain court proceedings; instructing operator to deem

Oklahoma - SENATE BILL NO. 1143

An Act relating to oil and gas; amending 52 O.S. 2011, Section 570.10, which relates to payment of proceeds from sale of oil and gas production; prohibiting nonpayment of certain interest on proceeds; modifying the interest rate on certain proceeds; modifying timeline certain proceeds earn interest; authorizing certain persons to initiate legal action in certain circumstances; and providing an effective date. SOURCE:

Colorado - HB18-1289: Exempt Local Government School Districts Forced Pooling

Concerning an exemption from forced pooling of certain governmental entities that own mineral rights. SESSION:  2018 Regular Session SUBJECTS:  Energy Natural Resources & Environment Current law authorizes ‘forced’ or ‘statutory’ pooling, a process by which any interested person–typically an oil and gas operator–may apply to the Colorado oil and gas conservation commission for an order to pool and develop oil and gas resources located within a particularly identified drilling unit

Louisiana - HB444 MINERALS/RIGHTS-ROYALTY: Defines mineral production payments

Abstract: Defines mineral production payment. Present law requires that if the owner of a mineral production payment or royalty owner other than a mineral lessor seeks relief for the failure of a mineral lessee to make timely or proper payment of royalties or production payments, he must give written notice prior to a judicial demand for damages. Proposed law defines mineral production payment as an obligation owed to the purchaser

Utah - H.B. 419 Oil and Gas Amendments

1      OIL AND GAS AMENDMENTS 2      2018 GENERAL SESSION 3      STATE OF UTAH 4      Chief Sponsor: Stephen G. Handy 5      Senate Sponsor: Kevin T. Van Tassell 6      7     LONG TITLE 8     General Description: 9          This bill modifies provisions relating to the pooling of oil and gas interests. 10     Highlighted Provisions: 11          This bill: 12          ▸     authorizes the Board of Oil, Gas, and Mining to make a pooling order retroactive 13     under certain circumstances; 14          ▸     allows existing pooling orders to apply