LAND RUN MINERALS V

Founded September 2022

July 1, 2022 Effective Date

Acquired Entities:
• Rumble Minerals, LLC

• Fortis Sooner Trend Minerals, LLC

• Sooner Trend Minerals, LLC

• FMII STM, LLC and Phenom Minerals, LLC

Asset Highlights at Close:
• 4,500 Boe/d of net production at close

• 55,000 net royalty acres (normalized to 1/8th),
primarily operated by Devon Energy (DVN),
Ovintiv (OVV), Marathon Oil (MRO),
Coterra Energy (CTRA), and
Continental Resources (CLR)

• 1,715 wells with an average
net revenue interest of 1.6%

• 5 active rigs on the asset

LAND RUN MINERALS IV

Record title: LRM IV, LLC

Rebranded June 2022

Entity Consolidation January 2021

Consolidated Entities:
• Flint Oak Minerals, LLC

• Native Exploration Minerals, LLC

• Boomerang Royalties, LLC

Asset Highlights as of October 2022:
• 216 Boe/d of net production

• 5,500 net royalty acres (normalized to 1/8th),
primarily operated by 89 Energy III

• 102 producing wells with an average
net revenue interest of 0.7%

• 2 active rigs on the asset

Strategy: actively acquiring minerals and royalties in 89 Energy III operated units (CPRP and Native)