TenOaks Energy Advisors

Friends and Colleagues – Attached is our 𝟮𝟬𝟮𝟰 𝗨𝗽𝘀𝘁𝗿𝗲𝗮𝗺 & 𝗥𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲𝘀 𝗬𝗲𝗮𝗿-𝗜𝗻-𝗥𝗲𝘃𝗶𝗲𝘄. 𝗢𝗻𝘄𝗮𝗿𝗱 𝗜𝗻𝘁𝗼 𝗢𝘂𝗿 𝟮𝗻𝗱 𝗗𝗲𝗰𝗮𝗱𝗲! We are excited to share our 2024 update and thankful to celebrate 10 years! One year in A&D can be humbling and full of ups and downs, but 10 years is a wild ride! One goal and vision for the firm we have embraced since inception has been to have a team that was like an extension of our own families. So, let us go beyond the numbers and stats of the business to brag on our stellar teams.   – 𝟼̲ ̲𝚝̲𝚎̲𝚊̲𝚖̲ ̲𝚖̲𝚎̲𝚖̲𝚋̲𝚎̲𝚛̲𝚜̲ ̲𝚙̲𝚛̲𝚘̲𝚖̲𝚘̲𝚝̲𝚎̲𝚍̲ ̲𝚝̲𝚘̲ ̲𝙳̲𝚒̲𝚛̲𝚎̲𝚌̲𝚝̲𝚘̲𝚛̲... Trey Bonvino, Forrest Salge, Clay Snyder, Will McDonald, Kyle Caldwell & Naveed Mughal   – 𝟹̲ ̲𝚝̲𝚎̲𝚊̲𝚖̲ ̲𝚖̲𝚎̲𝚖̲𝚋̲𝚎̲𝚛̲𝚜̲ ̲𝚌̲𝚎̲𝚕̲𝚎̲𝚋̲𝚛̲𝚊̲𝚝̲𝚎̲𝚍̲ ̲𝟻̲–̲𝚢̲𝚎̲𝚊̲𝚛̲ ̲𝚊̲𝚗̲𝚗̲𝚒̲𝚟̲𝚎̲𝚛̲𝚜̲𝚊̲𝚛̲𝚒̲𝚎̲𝚜̲ ̲𝚝̲𝚑̲𝚒̲𝚜̲ ̲𝚢̲𝚎̲𝚊̲𝚛̲... Heather Cole, Will McDonald & Kyle Caldwell   – 𝟽̲ ̲𝚗̲𝚎̲𝚠̲ ̲𝚑̲𝚒̲𝚛̲𝚎̲𝚜̲... Grant Eidson (Managing Director - Renewables & Sustainability), Caden Carlson (Analyst), Eli Garcia (Analyst), Dave Lewis (Data Scientist), Adam Shear (RedOaks Geology Lead), Lauren Smith (Office Manager) & Jeremiah Sheppard (Engineer)   – 𝟼̲ ̲𝚠̲𝚎̲𝚍̲𝚍̲𝚒̲𝚗̲𝚐̲ ̲𝚎̲𝚗̲𝚐̲𝚊̲𝚐̲𝚎̲𝚖̲𝚎̲𝚗̲𝚝̲𝚜̲,̲ ̲𝟷̲ ̲𝚖̲𝚊̲𝚛̲𝚛̲𝚒̲𝚊̲𝚐̲𝚎̲ ̲&̲ ̲𝟹̲ ̲𝚗̲𝚎̲𝚠̲ ̲𝚋̲𝚊̲𝚋̲𝚢̲ ̲𝙾̲𝚊̲𝚔̲𝚜̲ We are thankful for the growing TenOaks / RedOaks family and the personal and professional accomplishments of this great team that make us excited to go to work each day and make lasting contributions to the industry we love and for our valued customers. We hope to see you at NAPE, and if we miss you there, we look forward to the opportunity to connect in person very soon! TenOaks Energy Advisors RedOaks Energy Advisors TenOaks Energy Advisors - Renewables & Sustainability

One Thursday, three top-tier events, and a reminder of how strong the Dallas O&G space really is. Here’s a quick recap of what made last Thursday great: • Kicked off the day with the Petroleum Engineer's Club of Dallas where Tim Pawul from The Minerals & Royalties Podcast dropped wisdom on the current minerals and non-op landscape. • Congrats to the TenOaks Energy Advisors team on 10 years—celebrated with a packed house of clients, friends, and peers. • Closed it out at the DFW Energy Networking Event hosted by Zach Howard at Hotel Swexan—if you’re not on the list for the fall event, hit me up. You should be. It’s a great time to be building relationships in this space. Thanks to everyone helping keep the O&G community in Dallas thriving. #OilandGas #DFW #Networking #Minerals #Energy

Hey All ! TenOaks Energy Advisors is pleased to share our review of the Barnett (& Miss.) for the Midland Basin & Central Basin Platform. There has been great recent activity here and we wanted to provide a (hopefully) helpful resource to folks who are interested in learning and understanding more. As with the Cherokee deck we posted last year, things on the ground are rapidly changing and as more data comes in the image sharpens.. Over time we will hone our understanding and refine further as the play grows.   The Permian continues to be a cornerstone of our business, we are so grateful for the opportunity to have such a track record in such a prolific basin. We had a banner year in 2024 with ~$1.3B in value closed – we are so happy to serve you in 2025 and into the future. Please let us know how we can help, would love to hear from you.   As always, thank you so much for checking it out !   Cheers !   Please note, we tried to cast a wide net to include ALL modern wells in the Barnett, Woodford, Miss. petroleum system... Due to data limitations (control and/or lack of survey data) we have not landed EVERY well in the play.. There may be some newer Devonian wells that end up on the maps, or newer Barnett wells without allocated formations that slip through the cracks.. We will update as we receive new data.

Hey All ! TenOaks Energy Advisors is pleased to share our review of the Barnett (& Miss.) for the Midland Basin & Central Basin Platform. There has been great recent activity here and we wanted to provide a (hopefully) helpful resource to folks who are interested in learning and understanding more. As with the Cherokee deck we posted last year, things on the ground are rapidly changing and as more data comes in the image sharpens.. Over time we will hone our understanding and refine further as the play grows.   The Permian continues to be a cornerstone of our business, we are so grateful for the opportunity to have such a track record in such a prolific basin. We had a banner year in 2024 with ~$1.3B in value closed – we are so happy to serve you in 2025 and into the future. Please let us know how we can help, would love to hear from you.   As always, thank you so much for checking it out !   Cheers !   Please note, we tried to cast a wide net to include ALL modern wells in the Barnett, Woodford, Miss. petroleum system... Due to data limitations (control and/or lack of survey data) we have not landed EVERY well in the play.. There may be some newer Devonian wells that end up on the maps, or newer Barnett wells without allocated formations that slip through the cracks.. We will update as we receive new data.

IOG Resources is offering for sale certain wellbore-only royalty interests located in the DJ Basin. See the Executive Summary here: https://lnkd.in/g6F-zY7j

Our RedOaks Energy Advisors platform is hiring: https://lnkd.in/gUSSh8Ey

Our RedOaks Energy Advisors platform is hiring: https://lnkd.in/gPg6FqJW

Aldine Oil and Gas is offering for sale certain operated properties located in Texas, Louisiana and Mississippi. See the Executive Summary here: https://lnkd.in/gBVE2wuY

Overland Oil & Gas is offering for sale certain mineral and royalty properties located in the Williston Basin. See the Executive Summary here: https://lnkd.in/gNiGrVyJ

Thank you TenOaks for being a trusted advisor and partner in Solar and Oil & Gas over so many years.