Juniper Capital and Boomtown Announce Formation of North Peak Oil & Gas

– – The largest tenant in the north of the DJ Basin – –

– – Substantial current production and cash flow with years of high quality inventory – –

HOUSTON, September 6, 2022 /PRNewswire/ — Juniper Capital (“Juniper”) and Boomtown Oil & Gas Company (“Boomtown”) today announced the formation of North Peak Oil & Gas LLC (“North Peak”) through the combination of two entities assets in Juniper’s portfolio (North Silo Resources and Longs Peak Resources) and the acquisition of assets from a private oil and gas company with complementary assets.

North Peak Highlights

  • Largest leaseholder in Wyoming DJ Basin with approximately 150,000 net acres
  • Over 10,000 barrels per day of exploited gross oil production (over 11,000 barrels per day of oil equivalent production) currently, generating substantial operating cash flow
  • The drilling program is expected to begin in September, which should significantly increase future production
  • Many years of high-quality inventory, with oil reserves per well in line with the Permian and Eagle Ford wells, and some of the lowest drilling and completion costs for long lateral horizontal wells in the United States
  • F&D and cash operating expenses each averaging less than $10.00/BOE are competitive with any basin
  • The vast majority of the assets are fee leases located in Wyomingone of the most constructive states in the United States for oil and gas development
  • Owned produced water transport and disposal infrastructure with scalable capacity reduces environmental footprint and allows flexibility in development
  • Midstream oil and natural gas infrastructure in place that allows for consistent operations and efficient pricing

Sean FitzgeraldCo-Chairman of North Peak, said, “We are honored to continue our partnership with Juniper Capital in bringing together the first operator in DJ’s oil-rich North Basin, including now owning the horizontal well with the highest cumulative oil production ever. recorded in the DJ set The benefits of this consolidation in North Peak are very compelling, and we believe that North Peak is one of the strongest private oil and gas companies in the United States. We remain true to our disciplined approach to business management, and we remain committed to maximizing returns for investors and protecting the health, safety and environment of our local communities. We look forward to demonstrating compelling results from our planned development program, which is expected to begin in the coming weeks.

Edward GeiserManaging Partner of Juniper Capital, added, “Juniper currently has assets in the Permian, Eagle Ford and other major basins, and we regularly review oil and gas investment prospects in all major basins. Based on its strong operating cash flow, low costs, and attractively healthy economics with years of inventory, we believe North Peak represents one of the most attractive opportunities we have seen. We are proud to continue our partnership with Boomtown in this area, and we are excited for what the future holds for Pic Nord.”

About Juniper Capital

Juniper Capital is an energy investment company based in Houston, TX with over $1.3 billion cumulative equity commitments and current investments in the Permian Basin, Eagle Ford Trend Zone, DJ Basin and powdery river Bowl. Juniper is focused on working with high-quality management teams to provide transformational equity to demonstrate the value and production potential of oil and gas properties located primarily in the continental United States.

About Boomtown Oil and Gas

Boomtown Oil is a private exploration and production company based in Houston, Texas. The company’s leaders are entrepreneurs with decades of experience in oil and gas operations, who focus on low-cost, safe and technically sound operations. The company’s goal is to be a value-added partner and friend, whether you are a landowner, joint venture member, financial sponsor or service provider.

SOURCE Juniper Capital Advisors, LP

Carol N. Valencia