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TEXAS STANDARD ENERGY


DRILLING ON PROVEN RESERVES

All claims are independently verified by a third-party engineering firm



WTI Crude Price
$75.89 ▲+0.21+0.28%

1m1q6m1y5y
05:02 AM UTC 02.28.2023
Brent Crude Price
$80.99 ▲+0.39+0.48%

1m1q6m1y5y
10:42 AM UTC 02.23.2023
Natural Gas Price
$2.783 ▼-0.028-1.00%

1m1q6m1y5y
09:11 AM UTC 03.02.2023


OVER 100 DRILLING LOCATIONS


PROVEN RESERVES TO DRILL ON

*As defined in the 2015 Haas Engineering reserve report.



Proven one of the lowest known breakevens in the industry

Proven team of Barnett Shale specialists to execute development

View Team Here

Proven fracking source Quasar Energy Services has fracked thousands of Barnett
Shale wells over the last 20+ years. They have also re-fracked 100’s of wells in
the last 5 years, enhancing returns on existing wells

Proven third party Barnett Shale Engineers

Proven 3D seismic with 100s of successful wells drilled from data

Proven contracted low cost water

See aerial photo of reservoirs

Proven Natural Gas and Liquids contract – 3 years of performance

Proven all operations in Texas, one of the nation’s most friendly oil and gas
state


A NATURAL MARKET HEDGE


PROVEN THREE REVENUE STREAMS

Barnett combo named by EOG produces three streams of almost-equal quantities.





STREAM ONE

Oil

--------------------------------------------------------------------------------

High Quality
40° Gravity, Sweet
Commands premium price WTI +


STREAM TWO

Dry Gas

--------------------------------------------------------------------------------

Located near fourth largest metroplex in US. 7.6 million consumers based on 2020
census

--------------------------------------------------------------------------------

Rapidly growing gas market






STREAM THREE

Liquids

--------------------------------------------------------------------------------

Moves via Pipeline to the Texas Gulf Coast market. One of the most competitive
U.S. Markets

Feedstock for plastics = fast growing sector




26 YEARS IN BARNETT


FAIRFAX ENERGY



Fairfax Energy Corporation will support Texas Standard Energy with:

 * High quality drilling locations on proven reserve acreage
 * Contracts for low cost frack water – average $200,000 /well savings
 * Natural gas contract without markup to TSE fund
 * Targa’s pipelines and gas gathering systems crisscross area of interest
 * Targa’s Bellevue compression station is operating far below its capacity
 * 18 years of active leasing in area of interest
 * Former county judge is landman
 * Owned field offices & facilities
 * Operator with over 25 year working history with Texas Railroad Commission
 * Area of interest is well served with low cost rural electricity to power
   electric drilling rigs
 * Long standing relationship with areas largest, oldest and most experienced
   frack and cement provider
 * Modern 3D seismic data that covers the area of interest
 * Targa’s pipeline system serves most, if not all of the areas of interest
 * The area of interest is also served by Atmos





UNMATCHED EXPERIENCE


OUR LEADERSHIP TEAM



RODNEY & JOSIE HUGHES

CEO

Read Bio

JOE AUTEM

CFO

Read Bio
=

LONG-STANDING RELATIONSHIPS

=

MOTIVATED BY PROJECT SUCCESS

=

DETAILS MATTER

=

TOTALLY COMMITTED TO THE BARNETT COMBO PROJECT


FIRST INDEPENDENT TO HIRE 8 TOP BARNETT SHALE INDUSTRY PROFESSIONALS

View Team


SPONSOR SECTION


HAAS ENGINEERING



Texas Standard Energy, and affiliates, are fully engaged with the firm. Haas
serves in all engineering roles and overviews every phase from well maintenance
to drilling and fracking. Beginning in 2004, the firm advised on lease location
for acquisition as the Barnett expanded. All planning for drilling and
completion begins and ends with Haas Engineering playing a vital role.

Read More Here



OIL, ENERGY, AND GAS SECTOR


WHY THE BARNETT SHALE




INDUSTRY ADVANTAGE

The Barnett Combo has one of the lowest breakeven economics in the industry. The
current economics only take into account the initial drilling program, which is
only the beginning of the production life cycle of the Barnett Combo oil and gas
wells. At some point in the years after the initial production from each well a
re-frack program can be implemented to augment the production, which will
significantly impact the economics in a positive manner. Texas Standard’s
project manager has been re-fracking Barnett shale wells since 2015. As Devon’s
completion engineer supervisor he has successfully re-fracked over 100
horizontal and 1,000 vertical wells. Most active operators in the Barnett have
active re-frack programs. An existing wellbore that is fully equipped is a
valuable asset that offers an economic opportunity to recover additional oil and
gas in place without the cost of a new well. Some estimates suggest that for
1/3rd of the cost of a new well, 80% of recoverable reserves of a new well can
be produced. Re-fracking will be in place in the Barnett Shale to add economic
value to TSE’s Barnett Shale combo projects.

First independent to acquire seismic data, drill, frack, and deploy microseismic
surveys to ascertain if the frack stayed in the zone. Also acquired full cores,
side wall cores, and utilize full suite of BJ Hughes logs to produce six
vertical wells in the Archer county Barnett Shale.

Texas Standard Energy has the highest regard for lowest cost efficiency. All the
while, maintaining strict environmental behavior during every operational phase.
The drilling rigs rated to drill a total well depth of 15,000 feet are top
drives powered by electricity. In a normal operation, diesel powered generators
create the electricity that drives hydraulic equipment which moves everything.
The area of interest where TSE will drill is well served with rural electric
power which, in most cases, will be used rather than the less desirable diesel
generators, and with a cost savings. Texas Standard Energy will deliver it’s gas
through company owned pipelines that connect to Targa’s gathering system.
Targa’s grid of pipelines in the area are operated at low pressure and far below
it’s volume capacity. Texas Standard has no need to flare natural gas due to
owning our own gas gathering and delivering in to a system operating far below
its rated capacity.

1996

One of the first Independent operators in the Barnett Shale

2000 - 2003

Drilled 92 vertical wells in the Barnett Shale and sold assets to Encana

2000

One of the first independents to drill in Barnett Shale Denton counties rich gas
region

2003

First acreage block acquired and vertical well drilled in Barnett Shale in
Western Montague County oil window

2004

First Barnett Shale acreage block assembled in oil window and sold to EOG in
2007

2019

First independent to drill horizontal well in Barnett Shales oil window


192 WELLS PERMITTED AND/OR DRILLED IN THE BARNETT IN THE LAST 12 MONTHS

Hundreds of Barnett Wells Re-Fracked in the last 12 Months

*Ref: Drilling Info

Hillwood Oil & Gas Operating LP

BKV Barnett LLC

Lime Rock Resources IVALP

Bedrock Production LP

Canyon Operating LP

Joint Resources

 



McCutchin Petroleum Corp.

Sage Natural Resources LLC

Lakota Energy LTD

Total (TEP) Barnett USA LTD

GHA Barnett LLC

XTO (Exxon)

 

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STRATEGIC PARTNERS




Pictured: Rusty Werline, Rodney Hughes, and Reagan


A MESSAGE FROM OUR FOUNDER

“I don’t know of a single project being offered anywhere to anyone with *proven
reserve designation……..generally, operators have geology that presents a good
case for acquiring leases and drilling but, at best, that kind of acreage is no
more than “prospective” and far removed from having proven designation.”



RODNEY HUGHES

As defined by the Society of Petroleum Engineers (SPE) An estimate of reserves
as provided in a third-party engineering reserve report


RISK FACTORS AND DISCLAIMERS



This website, including all data, figures and other reports, is for
informational purposes only and does not constitute an offer to sell or a
solicitation of an offer to buy securities.

The information on this website is only current as of the most recent date
indicated, and Texas Standard Energy may revise or amend the information on this
website at any time. TSE’s prior performance is not indicative of future results
and there can be no prediction as to the future production, if any, of any oil
and gas well to be drilled. This information on this website is not investment
advice and should not be relied upon for any investment purpose.

TSE disclaims all responsibility or liability for any direct, indirect or
consequential loss arising directly or indirectly from the: (1) reliance upon
information contained on this website; (2) any error, omission or inaccuracy of
the information contained on this website; and (3) any actions taken in reliance
upon the information contained on this website.


FIELD OFFICE:


TEXAS STANDARD ENERGY
810 FM 174
BOWIE, TX 76230

(972) 689-4202


CORPORATE OFFICE:





13355 NOEL ROAD
SUITE 1100
DALLAS, TX 75240

© 2022 - Texas Standard Energy - All Rights Reserved.