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Zephyr Energy announces initial results from State 36-2R well evaluation Williston Project and Zephyr Hawk update

Oil & Gas 360º

In addition, the Company also provides initial results related to hydrocarbon production in the first quarter of 2025 (“Q1”)from its non-operated asset portfolio in theWilliston Basin,North DakotaandMontana,U.S.(the Gross Recoverable Condensate (MMBC) 3.5 Net Recoverable Condensate (MMBC) 2.7 net wells).

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What Comes After the Permian for IOCs? A Basin of Enormous Value

Rextag

A Multi-Pronged Strategy to Sustain Growth Beyond Tight Oils Crown Jewel The transformation of the United States into a global energy powerhouse over the past two decades is inseparable from the fracking-led renaissance of the Permian Basin. Although the pace of growth is clearly slowing, the basin still offers significant upside potential.

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2024 Canadian Oil & Gas Production Snapshot

Oil Gas Leads

580,000 BOE/d Includes 210,000 b/d oil and condensate Tourmaline Oil Corp. 102,012 bbl/d (bitumen) SOR of 2.39 147,819 BOE/d 69,827 bbl/d oil Smaller Producers (10,000 30,000 BOE/d) Company 2024 Average Production Notes Headwater Exploration 20,310 BOE/d +13% from 2023 Kiwetinohk Energy Corp. 102,012 bbl/d (bitumen) SOR of 2.39

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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

. (“Whitecap”) (TSX: WCP) and Veren Inc. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. After annual capital investments of $2.6 billion 1.

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