Austin Chalk Development Opportunity in Jasper County, TX

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Iron Ridge Operating

Austin Chalk Development Opportunity in Jasper County, TX

Eagle River Energy Advisors, LLC has been exclusively retained by Iron Ridge Operating (“Seller”) to solicit proposals for an Austin Chalk development program across 8 DSUs in Jasper County, TX.

Potential Austin Chalk Wells 14

Net Capex Opportunity > $100 MM

Initial Investment ~$10 MM in Old Hickory 1H

2-Stream EUR MBOE 2,988 (31% Oil) MBOE

Gross Capex
$14.0 MM

Undiscounted ROI
5.1X

Effective Date: August 1, 2024

VDR Access: August 5, 2024 4 PM MT

Bids Due: 2024 4 PM MT

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