DAR

Managing Partner, Overland Oil & Gas. Your trip is short.

[DAR @davidrontal]

@very_crude @Rockies_RE @Hotdogremix Services would all need to come from
Ohio so well costs would be an issue; someone will drill it at some point.

[DAR @davidrontal]

@FauxRight @Stamper_O1L 🤣 the Venn diagram of the people who own My Pillow and invest in Phoenix bonds is a perfect circle

[DAR @davidrontal]

@FauxRight @Stamper_O1L Us Bakken prefer more positive terms like tier 2 or tier 3 vs sub tier ;)

[DAR @davidrontal]

@parkertankus ewww. Pepsi is awful but this is much much worse.

[DAR @davidrontal]

@aaronsibarium Law school classmate of mine. We called him Spottsweird for a reason.

[DAR @davidrontal]

@WAR527 @energymd4 They are 75% hedged in the $60s

[DAR @davidrontal]

@Baby_Namu $17mm G&A to run a mineral and royalty business is laughable

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@EnergyCredit1 And my point isn’t to take away from your success but rather to point out that 10x returns in oil and gas have been accomplished many times over by many different individuals, companies, etc

[DAR @davidrontal]

@EnergyCredit1 Anyways I don’t go downhole because the only thing worse than a DWI is a WI, but there are many many examples of lease/mineral plays where there have been multiple 10 baggers

[DAR @davidrontal]

@TherewillbePUD @EnergyCredit1 There are many 1-2mm BO EUR shale wells

[DAR @davidrontal]

@EnergyCredit1 You are assuming a 50% WI/50% NRI and few will drill wells with that low of an NRI

[DAR @davidrontal]

@EnergyCredit1 Hilcorp

[DAR @davidrontal]

@Hotdogremix Bet there are some good Aztec stories in there.

[DAR @davidrontal]

@EFMinerals Leaders eat last

[DAR @davidrontal]

@WestTXLandman Believe Admiral gets a carry and 10% ownership along with operations; Admiral team is great; awesome guys.

[DAR @davidrontal]

@EnergyCredit1 It is likely holding a lease

[DAR @davidrontal]

@FracSlap what are you doing in a sauna with a 60 year old lady?

[DAR @davidrontal]

Williston Basin oil nerds. I will be participating in the Non-op and Minerals Panel on May 19th at 3pm at the 2026 Williston Basin Petroleum Conference. Come learn about mineral and royalty buying in the best basin in the Lower 48.