RAILROAD COMMISSION OF TEXAS Form W-2 1701 N. Congress Status: Approved P.O. Box 12967 Date: 01/10/2018 Austin, Texas 78701-2967 Tracking No.: 179641 OIL WELL POTENTIAL TEST, COMPLETION OR RECOMPLETION REPORT, AND LOG OPERATOR INFORMATION Operator Name: PERISCOPE OPERATING LLC Operator No.: 653787 Operator Address: 115 E VIRGINIA ST SUITE 201 MCKINNEY, TX 75069-0000 WELL INFORMATION API No.: 42-371-38886 County: PECOS Well No.: 601 RRC District No.: 08 Lease Name: CUNNING WOLF UL Field Name: WOLFBONE (TREND AREA) RRC Lease No.: 43061 Field No.: 98359800 Location: Section: 6, Block: 23, Survey: UL, Abstract: Latitude: Longitude: This well is located 9 miles in a E direction from FORT STOCKTON, which is the nearest town in the county. FILING INFORMATION Purpose of filing: Reclass Producing to Injection Type of completion: Other/Recompletion Well Type: Active UIC Completion or Recompletion Date: 06/07/2017 Type of Permit Date Permit No. Permit to Drill, Plug Back, or Deepen 05/04/2012 732016 Rule 37 Exception Fluid Injection Permit O&G Waste Disposal Permit 15288 Other: COMPLETION INFORMATION Spud date: 05/17/2017 Date of first production after rig released: 06/07/2017 Date plug back, deepening, recompletion, or Date plug back, deepening, recompletion, or drilling operation commenced: 05/17/2017 drilling operation ended: 06/07/2017 Number of producing wells on this lease in Distance to nearest well in lease & this field (reservoir) including this well: 0 reservoir (ft.): 0.0 Total number of acres in lease: 640.00 Elevation (ft.): 2920 GL Total depth TVD (ft.): 9977 Total depth MD (ft.): Plug back depth TVD (ft.): 4904 Plug back depth MD (ft.): Was directional survey made other than Rotation time within surface casing (hours): inclination (Form W-12)? No Is Cementing Affidavit (Form W-15) attached? Yes Recompletion or reclass? Yes Multiple completion? No Type(s) of electric or other log(s) run: Other Electric Log Other Description: RCB GAMMA-RAY/CCL Location of well, relative to nearest lease boundaries Off Lease : No of lease on which this well is located: 660.0 Feet from the West Line and 660.0 Feet from the North Line of the CUNNING WOLF UL Lease. FORMER FIELD (WITH RESERVOIR) & GAS ID OR OIL LEASE NO. Field & Reservoir Gas ID or Oil Lease No. Well No. Prior Service Type PACKET WOLFBONE (TREND AREA) 43061 601 Producing Page 1 of4 W2: N/A FOR NEW DRILL OR RE-ENTRY, SURFACE CASING DEPTH DETERMINED BY: GAU Groundwater Protection Determination Depth (ft.): 1450.0 Date: 06/29/2016 SWR 13 Exception Depth (ft.): INITIAL POTENTIAL TEST DATA FOR NEW COMPLETION OR RECOMPLETION Date of test: Production method: Number of hours tested: 24 Choke size: Was swab used during this test? No Oil produced prior to test: PRODUCTION DURING TEST PERIOD: Oil (BBLS): Gas (MCF): Gas - Oil Ratio: 0 Flowing Tubing Pressure: Water (BBLS): CALCULATED 24-HOUR RATE Oil (BBLS): Gas (MCF): Oil Gravity - API - 60.: Casing Pressure: Water (BBLS): CASING RECORD Casing Hole Setting Multi - Multi - Cement Slurry Top of TOC Type of Size Size Depth Stage Tool Stage Shoe Cement Amount Volume Cement Determined Row Casing (in.) (in.) (ft.) Depth (ft.) Depth (ft.) Class (sacks) (cu. ft.) (ft.) By 1 Surface 13 3/8 17 1/2 1611 ECO 1465 2542.0 0 Circulated to Surface HALCEM C 2 Intermediate 8 5/8 11 4108 C 1050 2237.0 1200 Circulated to Surface 3 Conventional Production 5 1/2 7 7/8 9977 C 256 336.9 3890 Cement Evaluation Log LINER RECORD Cement Slurry Top of Liner Hole Liner Liner Cement Amount Volume Cement TOC Row Size (in.) Size (in.) Top (ft.) Bottom (ft.) Class (sacks) (cu. ft.) (ft.) Determined By N/A TUBING RECORD Row Size (in.) Depth Size (ft.) Packer Depth (ft.)/Type 1 2 7/8 4176 4176 / ASI-X PRODUCING/INJECTION/DISPOSAL INTERVAL Row Open hole? From (ft.) To (ft.) 1 No L1 4238 4652.0 ACID, FRACTURE, CEMENT SQUEEZE, CAST IRON BRIDGE PLUG, RETAINER, ETC. Was hydraulic fracturing treatment performed? No Is well equipped with a downhole actuation If yes, actuation pressure (PSIG): sleeve? No Production casing test pressure (PSIG) prior to Actual maximum pressure (PSIG) during hydraulic hydraulic fracturing treatment: fracturing: Has the hydraulic fracturing fluid disclosure been reported to FracFocus disclosure registry (SWR29)? No Row Type of Operation Amount and Kind of Material Used Depth Interval (ft.) Page 2 of4 1 Acid 10,000 GAL 15% HCL ACID, 55 BBLS FRESH WATER, 4238 4652 DROPPED 189 BALLS IN 20 SETS @ 9/10 BALLS PER DROP EVERY 10 BBLS 2 Cement Squeeze 50/50/10, 5% SALT, .25% DF-10, CLASS C 2% CALC, .25% DF- 4190 4924 10 3 Cast Iron Bridge Plug CIBP AT 4924, W/20' CLASS C CMT 4904 4924 4 Cast Iron Bridge Plug CIBP AT 6600, W/20' CLASS C CMT 6580 6600 5 Cast Iron Bridge Plug CIBP AT 7440', W/20' CLASS C CMT 7420 7440 FORMATION RECORD Is formation Formations Encountered Depth TVD (ft.) Depth MD (ft.) isolated? Remarks TOBORG No No ISOLATED TO SURFACE SOMA No No ISOLATED TO SURFACE RUSTLER No No ISOLATED TO SURFACE YATES Yes 2614.0 Yes SEVEN RIVERS No No DID NOT ENCOUNTER GRAYBURG Yes 4105.0 Yes O'BRIEN No No DID NOT ENCOUNTER GLORIETA No No DID NOT ENCOUNTER TUBB No No DID NOT ENCOUNTER QUEEN Yes 3450.0 Yes SAN ANDRES - USABLE QUALITY No No DID NOT ENCOUNTER WATER ZONE; LOW VOLUME PERMIAN GENERAL No No DID NOT ENCOUNTER CLEARFORK No No DID NOT ENCOUNTER SULLIVAN No No DID NOT ENCOUNTER WICHITA ALBANY No No DID NOT ENCOUNTER DELAWARE Yes 4846.0 Yes MONTOYA No No DID NOT ENCOUNTER WADDELL No No DID NOT ENCOUNTER CANYON No No DID NOT ENCOUNTER BONE SPRINGS Yes 7532.0 Yes BONE SPRING LIME CABBALLOS No No DID NOT ENCOUNTER STRAWN No No DID NOT ENCOUNTER ZONE - UNIDENTIFIED No No DID NOT ENCOUNTER MULTIPAY - UNIDENTIFIED No No DID NOT ENCOUNTER WOLFCAMP Yes 8070.0 Yes PENNSYLVANIAN No No DID NOT ENCOUNTER MISSISSIPPIAN No No DID NOT ENCOUNTER ATOKA No No DID NOT ENCOUNTER ELLENBURGER No No DID NOT ENCOUNTER DEVONIAN No No DID NOT ENCOUNTER Do the producing interval of this well produce H2S with a concentration in excess of 100 ppm (SWR 36)? No Is the completion being downhole commingled (SWR 10)? No REMARKS Page 3 of4 RRC REMARKS PUBLIC COMMENTS: CASING RECORD : 3 CEMENT JOBS DONE ON 5/18 - 2 SACKS EA, CIBP SET DEPTH 4924/6600/7440, CALC TOP 4904/6580/7420. 1 CEMENT JOB 5/19 - 100 SACKS CIBP 4924, CALC TOP 4128. SQUEEZE JOB 5/31 150 SACKS CIBP 4924, CALC TOP 4050. RADIAL CEMENT BOND GAMMA-RAY/CCL LOG EST TOC 3890. TUBING RECORD: PRODUCING/INJECTION/DISPOSAL INTERVAL : ACID, FRACTURE, CEMENT SQUEEZE, CAST IRON BRIDGE PLUG, RETAINER, ETC. : POTENTIAL TEST DATA: OPERATOR'S CERTIFICATION Printed Name: Sherrie Cannon Title: regulatory analyst Telephone No.: (469) 698-6411 Date Certified: 10/13/2017 Page 4 of4 .