About Us Acquisition Criteria Leadership Portfolio News Owner Relations Contact Lime Rock Partners Recent Portfolio and Team Developments 7/26/2021 Lime Rock Resources Agrees to Acquire Delaware Basin Property for $508.3 Million Archived News Disclosure © 2021 LIME ROCK RESOURCES. ALL RIGHTS RESERVED.

About Us Acquisition Criteria Leadership Portfolio News Owner Relations Contact Lime Rock Partners What We Are Looking For All Major Oil and Gas Basins in the United States Now operating in four main regions across six states, we seek to both add acquisitions—and operating synergies—in our existing areas and selectively expand our geographic footprint in attractive new basins. Producing Properties Our core focus is on producing fields, and our acquisitions through mid-year 2019 have averaged 72% of proved developed producing reserves as a percentage of proved reserves. We have a preference for properties with long-term production histories and predictable production profiles. Field-Level Reinvestment Opportunities We look for mature properties that offer additional drilling opportunities, reinvestment in operational improvements, or a combination of both. Through mid-year 2019, we have drilled or participated in over 620 wells, and our efforts go beyond development drilling to include workovers, recompletions, refracs, and various margin improvement projects. Diverse Assets or Multi-Property Packages We pursue a variety of property transactions from individual assets to multi-property, multi-basin packages. Also, we opportunistically consider farm-out agreements or corporate stock transactions with private or public oil and gas companies. While we prefer to directly operate acquired properties, we will selectively acquire non-operated interests with long-term strategic benefits. Negotiated and Marketed Opportunities The majority of our significant acquisitions have originated from one-on-one negotiated deals and proprietary relationships. However, we are also regular participants in competitively marketed processes. Disclosure © 2021 LIME ROCK RESOURCES. ALL RIGHTS RESERVED.