Jonah Field

On April 1, 2022, Evolution acquired non-operated working interests in the Jonah Field in Sublette County, Wyoming. The acquired properties include an average net working interest of approximately 20% and an average net revenue interest of approximately 15% in 595 producing wells and approximately 950 net acres all held by production. The properties are operated by Jonah Energy, an established operator in the geographic region.

Average net daily production from the date of acquisition through June 30, 2022 was 2.1 MBOEPD. For the year ended June 30, 2022 Evolution’s average net daily production from the Jonah Field properties consisted of 88% natural gas, 7% NGL, and 5% oil. Hydrocarbons produced from our Jonah Field properties are sold to West Coast markets.