Texas Independent Exploration

Texas Independent Exploration Limited (TIE) is a privately held company based in Houston, TX. TIE operates its own assets and holds significant non-operated working interests, leaseholds, minerals, and surface rights across major U.S. basins. Its geographic footprint includes the Delaware Basin (TX & NM), Powder River and DJ Basins (WY & CO), and the Appalachian Basin (PA, OH & WV), targeting prolific formations like the Marcellus and Utica. Key Assets Delaware Basin: Non-operated interests up to 50% in 110 horizontal wells and 560+ proven/future drill locations operated by EOG, Mewbourne, Marathon, Oxy, Caza, and Exxon. Production from Wolfcamp and Bone Springs in Lea & Eddy (NM) and Reeves, Loving & Pecos (TX). Powder River/DJ Basins: Operates 60,000 net acres via XPR Wyoming LLC. Growth since Q4 2022 through multi-year drilling programs. Currently 96 horizontal wells and 692 proven/future locations. Production from Niobrara, Mowry, Frontier-Turner, Teapot, Shannon, Sussex, Parkman in Campbell, Converse, Johnson, Niobrara, Laramie (WY) and Weld (CO). Appalachian Basin: Controls ~32,000 net acres via XPR Resources and Penn Natural Resources. Two operator offices in SW Pennsylvania oversee 153 producing wells and ~300 proven/future drill locations with 1.1 TCF in net reserves. Assets span Washington, Westmoreland, Armstrong, Clearfield, and Centre (PA). Owns/operates midstream and gathering systems via RW Gathering LLC. TIE drives growth through strategic drilling and partnerships across core basins, delivering shareholder value through returns, long-term development, and consistent operational success across commodity cycles.