Derby Energy, LLC Affiliate Acquires Non-Op Oklahoma Production

OKLAHOMA CITY–(BUSINESS WIRE)–Derby Energy, LLC, an Oklahoma City based oil and natural gas company reported today that, on December 23, 2021, SCOOP I, LP, one of its affiliated companies, closed on the acquisition of certain Anadarko Basin producing non-operated properties from an undisclosed entity for $31,600,000.

Transaction Highlights:

• Non-operated working interest in 248 producing horizontal wells and 16 DUC wells

• Average daily net production of 1,030 Boe (50% oil and liquids)

• 4,100 net leasehold acres (100% held by production) and 415 net royalty mineral acres

About Derby Energy, LLC

Derby Energy, LLC is the administrative management company for the following six entities: Derby Exploration, LLC (Operated – Anadarko Basin E&P); Thoroughbred Gathering, LLC (Operated – Anadarko Basin Midstream); Bakken HBT, LP (Non-Operated – Williston Basin); Bakken HBT II, LP (Non-Operated – Williston Basin); SCOOP I, LP (Non-Operated – Anadarko Basin); and Beta Shale, LLC (Non-Operated – Arkoma Basin).

About SCOOP I, LP

SCOOP I, LP, established in 2015, is a privately owned non-operated E&P company with working interests throughout the Anadarko Basin, and is under management of Derby Energy, LLC.

For further information, please visit www.derbyenergy.com

Contacts

Mike Weatherholt, Vice President of Finance

405.639.3792