About Us Acquisition Criteria Leadership Portfolio News Owner Relations Contact Lime Rock Partners Lime Rock Resources Agrees to Acquire Delaware Basin Property for $508.3 Million 7/26/2021 HOUSTON, July 26, 2021 — Lime Rock Resources, acquirers and operators of producing oil and gas properties in the United States, announced today that it has reached a definitive agreement to buy oil and gas properties in the Delaware Basin of Texas for $508.3 million from a private seller. The transaction is expected to close on September 30. The acquired property is primarily in Loving County, Texas. As of the April 1, 2021 transaction effective date, the property was producing 15,163 barrels of oil equivalent per day. Eric Mullins, Chairman and CEO of Lime Rock Resources, said, “The high volatility in the energy business over the last 18 months has created some unique opportunities in the oil and gas property market. This acquisition is one of those opportunities, which fits quite well the Lime Rock Resources acquisition strategy.” Charlie Adcock, Vice-Chairman of Lime Rock Resources, added, “We look forward to taking over operations in a few months to optimize existing production and pursue other value-creating initiatives.” About Lime Rock Resources Based in Houston, the Lime Rock Resources team acquires, operates, and improves producing oil and gas properties in the United States. The team has acquired properties in select oil and gas basins nationwide as it seeks to provide its investors with attractive long-term returns. Established in 1998, Lime Rock Management has raised $8.9 billion in private equity funds for investment in the energy industry through Lime Rock Resources and Lime Rock Partners, investors of growth capital in E&P and oilfield services companies. For more information, please visit www.limerockresources.com. Back to News Disclosure © 2021 LIME ROCK RESOURCES. ALL RIGHTS RESERVED.

About Us Acquisition Criteria Leadership Portfolio News Owner Relations Contact Lime Rock Partners Disclosure This website is intended solely to provide information regarding Lime Rock Resources’ acquisition and operations strategy. The information provided on this website, including information regarding Lime Rock Resources’ current and historical acquisitions, is not intended to recommend any acquisition described herein, and is not an offer or sale of any security or investment product or investment advice. In any event, past performance is not a guarantee of future results and it should not be assumed that results for portfolio investments will be achieved for other investments. In the United States of America, Lime Rock Management LP operates as an SEC-registered investment advisor. *Registration with the SEC does not imply a certain level of skill or training Disclosure © 2021 LIME ROCK RESOURCES. ALL RIGHTS RESERVED.