Laguna Texas Resources

Portfolio Dashboard

31 horizontal unit assets · 41 wells · 4 counties · plus FOSTER-PEGUES vertical waterflood · Updated May 17, 2026

Field Production vs Plan

5,480BOEPD

-5% vs 5,800 BOEPD 2026 plan

−320 BOEPD vs plan, widening

RRCPlan

Deferred Production

540BOEPD avg

16.2 MBOE deferred over last 30d · 38% lift · 31% facility · 22% reservoir/offset-frac · 9% other

Up from 290 BOEPD avg last 30d

SCADAField Notes

Wells Below Type Curve

12of 41

vs Wolfcamp / Dean analog

Was 8 last month

Type Curve Model

Well Intervention Queue

14items

4 critical · 3 aging > 60d · funnel: 7 screening · 4 validated · 2 approved · 1 executing

1 new item this week

Intervention Ledger

LOE per BOE (30d)

$9.40/BOE

30-day trailing

+$0.40 vs prior 30d

LOS Variance

Daily Field Brief · J. Rincón· Glasscock area

Today · 6:52 AM · 4 min

Tried restart on M2H again — gas-locked within 20 minutes. Casing pressure 2,420, higher than yesterday. M3H still down, Williams crew pulled ESP, found about 200 feet of sand fill above the pump intake.

OVERTON B — NexTier rolled in last night, frac spread set, stage one starts Sunday morning.

9 wells touched · 3 vendors on site · 1 issue flagged

Pattern: "gas-locking" 4× in 14 days (M2H, M3H, COZART A 1)

View all field notes

Assets Needing Attention

Ordered by severity. Click any asset for full deep-dive.

Reservoir = rock + wellbore signals (pressure, water cut, GOR, frac hit, integrity, type-curve variance) · Operational = lift, intervention queue, workovers, AFE status, field actions

OAKMONT A UNIT

(Glasscock)

4 wells · Wolfcamp A + Lower Spraberry cube · 2024

Reservoir: CriticalOperational: Concern

M2H and M3H both shut in with failed ESP restarts. Rate-decline events align with offset PANTHER E completion (Apr 2025). Cube running 22% below Wolfcamp A analog. OVERTON B completion within 1,800 ft on ~Jun 15 — protection protocol pending.

~430 BOEPD deferred (30d avg) · 3 open interventions · 1 critical · Next milestone: OVERTON B ~Jun 15

Frac-hit signatureESP gas-lockOffset completion riskProtection protocol pending

Sequence: M3H workover → M2H MIT/BHP → OAKMONT A water-cushion preload pre-OVERTON B

Open asset

BIG BEND UNIT

(Glasscock)

1 well · Spraberry · 2021

Reservoir: CriticalOperational: Concern

Production halted Oct 2021 after only 4 months at high rate. Root cause never closed. Last reported pre-halt issue: pumping pressure climbing. Stranded asset 4+ years — MIT recommended.

Carrying cost ~$45K/yr · MIT cost ~$120K · P&A cost ~$280K if abandoned

Stranded assetMIT requiredP&A candidatePressure anomaly pre-halt

Schedule MIT · Pull wellbore log · Investigate vs P&A decision memo

Open asset

CROCKETT

(Borden)

1 well · Spraberry · 2019

Reservoir: ConcernOperational: Watch

30,214 bbl cumulative in 80 months — bottom decile vs basin analogs. Year-2 decline 71% suggests under-stimulated original completion. Mechanically intact.

~95 BOEPD below analog · Refrac evaluation in screening · Pre-refrac BHP test needed

Under-stimulatedRefrac screeningMechanically intact

Run Chan plot pre-refrac · Confirm BHP via shut-in test

Open asset

Field Production Trends

Field-level production and GOR trends across Glasscock, Borden, Dawson and Ector areas. Vertical waterflood (FOSTER-PEGUES) excluded.

County Summary

30-day rolling operational performance by county

County	Assets	Wells	BOEPD	vs Plan	Deferred BOE	LOE/BOE	Open Int.	Status
Horizontal Assets
Glasscock	11	15	1,960 bbl/d	-14%	280	$10.20	6 (2 critical)	Concern6 open · plan gap -14%
Borden	10	13	1,150 bbl/d	-9%	130	$8.80	4 (1 critical)	WatchTrending below plan
Dawson	7	9	1,170 bbl/d	-3%	80	$9.10	3 (1 critical)	WatchTrending below plan
Ector	3	4	1,200 bbl/d	+2%	50	$9.40	1	GoodAll assets on track
Horizontal subtotal	31	41	5,480 bbl/d	−5%	540	$9.40	14 (4 crit.)	WatchField underperforming plan
Vertical Waterflood
Foster-Pegues	1	22	270 bbl/d	—	—	$13.20	3 (1 crit.)	ConcernWaterflood under review
Portfolio total	32	63	5,750 bbl/d	−5%	540	$9.55	17 (5 crit.)	WatchPortfolio below plan