Subject: Devon $2.6B BLM acquisition — federal title workflow on 16,300 net acres in Lea/Eddy Hi [First Name], Devon announced Thursday the acquisition of 16,300 net undeveloped acres in Lea and Eddy Counties, New Mexico through the BLM Oil and Gas Lease Sale — $2.6 billion, or approximately $161,500 per net acre. Devon was the largest buyer in the sale and set the highest-ever per-acre price at a BLM lease sale at $357,129 for a single 1,280-acre parcel. Federal leases carry an 87.5% NRI and 10-year primary terms across all depths. The acquisition adds approximately 400 net locations normalized to 2-mile laterals. Federal leasehold requires federal title opinions before BLM drilling permits can be issued — the examination process is distinct from state or private leasehold and can't be batched with standard Permian title workflow. On 400 net locations, scoping and queuing that examination workstream is the first step before the program schedule gets set. This acquisition was announced four days into week three of the Devon-Coterra integration, which means the land department is absorbing a significant new federal inventory addition alongside JOA re-execution and curative work already in progress. We handle federal title opinions and NMOCD regulatory work in Lea and Eddy Counties. Board Certified in Oil, Gas, and Mineral Law, licensed in Texas and New Mexico. If a call to scope the federal title workflow would be useful, I'm easy to reach. Ben Holliday Holliday Energy Law Group 210.469.3187 · Ben@HELG.law

Subject: Permian Resources — $3.5B FCF projection and title pace heading into Q2 Hi [First Name], Permian Resources' Q1 release raised the 2026 free cash flow projection to $3.5 billion — up from $2.6 billion at the February guidance — driven by WTI averaging approximately $85 per barrel versus the $63 per barrel estimate. Q1 FCF hit $500 million, the highest in company history. Investment grade from S&P, Moody's, and Fitch simultaneously. D&C costs at $725 per lateral foot — lowest in the Delaware Basin peer group — with approximately 25% of wells now exceeding 2.5 miles in lateral length. Q2 guidance calls for higher production and capital expenditures. At $725 per lateral foot and a $3.5B full-year FCF target, the program is moving fast. The retained-acreage analysis on legacy Reeves and Reagan leasehold and the stacked-pay Wolfcamp depth-severance questions surface on the program's timeline — not on the land team's schedule. With seventeen of eighteen contacts at Client stage, this is a natural check-in against a real quarter. Quick 15 minutes when it works? Ben Holliday Holliday Energy Law Group 210.469.3187 · Ben@HELG.law

Subject: Barnett fastest well — 18 days, under $400/ft — title work before full-scale H2 launch Hi [First Name], Diamondback disclosed this quarter that its fastest Barnett well came in at approximately 18 days drill time at under $400 per lateral foot — the lowest Barnett well cost in company history. That compares to a current program average well above that level and puts the Barnett trajectory on a path toward core portfolio competitiveness ahead of the stated H2 2026 full-scale development launch. Full-scale means approximately 30 gross Barnett wells this year and a target of around 100 gross wells per year from 2027, with laterals growing from 11,500 to 13,000 feet and eventually 15,000-foot multi-pad development across 200,000 net Midland Basin acres. The title work on stacked Barnett/Wolfcamp development across that acreage is specific. Depth-severance language in pre-1970s deeds was not written for multi-formation horizontal development, and the retained-acreage analysis on proration units carrying both Wolfcamp and Barnett depths is a project that needs to run ahead of the full-scale program — not alongside it at 100 wells per year. We handle Midland Basin title work regularly. Board Certified in Oil, Gas, and Mineral Law, licensed in Texas and New Mexico. If 15 minutes to discuss the title workflow before the H2 launch makes sense, I'd welcome the conversation. Ben Holliday Holliday Energy Law Group 210.469.3187 · Ben@HELG.law

Subject: EOG Delaware Basin completions addition — incremental title work on 5 net locations Hi [First Name], EOG's Q1 release on May 5 disclosed a mid-year capital reallocation: five net additional Delaware Basin completions and ten net Utica completions added to the 2026 program on a flat $6.5 billion capital budget, funded by reducing Dorado (South Texas dry gas) production from approximately 1 Bcf/d to just over 800 MMcf/d. Q1 adjusted EPS came in at $3.41 versus the $3.23 consensus estimate. Projected 2026 free cash flow is $8.5 billion. Adding confirmed completion locations mid-year creates a specific title work situation: those locations need current Delaware Basin title opinions before operations begin, and they weren't in the original program schedule. The incremental five net completions represent meaningful additional title work against a land team running at full pace on the original program. With 37 contacts at Client and Warm stage across Permian, Eagle Ford, Utica, and North Dakota — the second-largest company concentration on the list — this is a natural check-in as the program expands. Quick 15 minutes when it works? Ben Holliday Holliday Energy Law Group 210.469.3187 · Ben@HELG.law

Subject: ConocoPhillips $2B Permian process — three months in, title workflow on both sides Hi [First Name], ConocoPhillips' exploration of a $2B Delaware Basin asset sale — legacy Concho Resources and Shell Plc positions in West Texas and New Mexico — has been public since February 20. At three months in, processes of this size typically move toward buyer shortlists, data room access, and buy-side counsel positioning on the title due diligence timeline. On legacy Concho and Shell leasehold that has changed hands at least twice, the curative resolution from prior closings is often incomplete — that gap surfaces fastest when a new buyer's title examiner reviews the chain under time pressure. Buy-side title coverage at $2B scale is a project that needs to be scoped and started before the exclusivity period begins, not after. On the sell-side, clean title packages with documented curative reduce buyer discount requests and protect the timeline to close. We handle A&D due diligence and title opinions across the Delaware Basin. With sixty-six Client-stage contacts in Midland, this is a natural check-in. If a 15-minute conversation on the title workflow — on either side — would be useful, I'm easy to reach. Ben Holliday Holliday Energy Law Group 210.469.3187 · Ben@HELG.law