Empowered by the trust we’ve earned through our successful track record, the 89 team works quickly, with a confidence afforded by our sense of discipline and restraint. We’re efficient, effective, and driven… never content to just be content; always anxious for what’s next. We never settle.

 

89 ENERGY I

Founded June 2016

Acquired ~29,000 net acres through ~1,000 unique transactions in the Merge and SCOOP plays

~60% operated

Drilled nine horizontal wells (six Meramec wells and three Woodford wells)

6,141 gross operated boe/d (63% liquids)

Merged with Camino Natural Resources in December 2017

LAND RUN MINERALS I

Founded September 2016

Acquired ~5,200 net royalty acres through ~300 unique transactions in the Merge and SCOOP plays

Average 0.6% NRI across 122 units

~400 boe/d (60% liquids) as of September 2019

250+ gross wells with an average royalty of 0.6% as of September 2019

Averaging five new horizontal well spuds per month since inception through September 2019

Actively harvesting and distributing cash to our investor with no new investments being made

89 ENERGY II

Founded January 2018

Acquired ~24,500 net acres through ~2,500 unique transactions in the South SCOOP play as of September 2019

~75% operated, spud the first well in September 2019

Key offset operators CLR and XTO

The 3-stream resource is 44% oil, 27% NGLs, 29% residue gas

Actively being developed

LAND RUN MINERALS II

Founded January 2018

Acquired ~9,000 net royalty acres through ~500 unique transactions in the Merge and SCOOP plays as of September 2019

Average 0.8% NRI across 119 units as of September 2019

~460 boed (56% liquids) as of September 2019

175+ gross wells with an average royalty of 0.6% as of September 2019

Averaging 6 new horizontal well spuds per month since inception through September 2019

Actively acquiring royalties