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Click to see full size view Riviera Energy has closed over $80+ Million in Permian Basin transactions in the last 12 months.
revised – 11/30/04

“RIVIERA ENERGY COMPLETES THE SALE OF SCHLEICHER COUNTY PROPERTIES FOR TRIAG ENERGY OPERATING. ”
Staff Report – Midland Reporter-Telegram

Riviera Energy Corporation, a Midland, Texas based oil & gas transaction advisory firm, announces the completion of the sale of Triag Energy Operating, Inc. and Northport Production’s Neva West (Strawn) Unit properties located in north central Schleicher County, Texas near the community of Hulldale.

The divestment package consisted of one property, with a total land position of 2,657 acres. The divestment included (20) active wells and was operated by Triag. The Working Interest sold was 100% with and an NRI of 86.3%. The production sold is 59 BOPD and 104 MCFPD from the Strawn formation at approximately 6,000′.


“Riviera Energy prepares Winkler & Ward County Divestiture Package”
Staff Report – Midland Reporter-Telegram

Riviera Energy Corporation, Riviera Energy Corporation, a Midland, Texas based oil & gas transaction advisory firm, has been exclusively retained by Just Oil & Gas to divest it’s operated interest in properties located in Ward and Winkler Counties, Texas.

Total gross production for the package is approximately 73 BOPD & 435 MCFPD.

The divestiture package is currently being prepared and should be available in mid-January.


RIVIERA ENERGY COMPLETES THE SALE OF ASSETS FOR CAPROCK OIL AND GAS, INC.
Staff Report – Midland Reporter-Telegram – 10/18/04

Riviera Energy Corporation , a Midland, Texas based oil & gas transaction advisory firm, announces the completion of the sale of Caprock Oil and Gas, Inc. and certain working interest party’s interest in the Carm-Ann and Means (San Andres) Fields located in Gaines and Andrews Counties, Texas.

The sale consisted of Operated interest in various properties. There were (67) Operated wells in the package producing 526 BOPD and 265 MCFPD (8/8) from the San Andres and Queen formations. The Queen Sand is found at 4,200 ft and the San Andres at 4,600 to 4,800 ft.

The package for Caprock Oil and Gas, Inc. consisted of (26) leases covering total surface area of 5,360 acres. The Queen formation was previously waterflooded, and a third party engineering study concluded that there is additional, significant secondary recovery potential in the Queen as well as in the San Andres.


RIVIERA ENERGY COMPLETES THE SALE OF HOCKLEY COUNTY PROPERTIES FOR DISCOVERY OPERATING
Staff Report – Midland Reporter-Telegram – 9/19/04

Discovery Operating Inc. has completed the sale of its Whitharral field properties in Hockley County 13 miles northeast of Levelland.

The sale included four leases totaling 640 acres. Each lease had one active pumping oil well producing from the Lower Clearfork at 6,800 ft. All four leases were operated by Discovery. Working interest sold was 100 percent with an average NRI of 79 percent.

Riviera Energy Corp., a Midland-based oil and gas transaction advisory firm, handled the sale for Discovery.


RIVIERA ENERGY MARKETS MULTIPLE ANDREWS/GAINES COUNTY TEXAS ASSETS
Staff Report – Midland Reporter-Telegram

Riviera Energy Corporation, a Midland, Texas based oil & gas transaction advisory firm, has been exclusively retained to divest two separate packages located in Andrews and Gaines Counties, Texas. The interests are being offered by Caprock Oil and Gas, Inc. and Raw Oil and Gas, Inc.

The Caprock Oil and Gas Package is a divestment in the company’s operated interests in the Carm-Ann and Means (San Andres) Fields located in Gaines and Andrews Counties, Texas. There are (67) Operated wells in the package producing 526 BOPD and 265 MCFPD (8/8) from the San Andres and Queen formations. The Queen Sand is found at 4,200 ft and the San Andres at 4,600 to 4,800 ft.

Working Interest varies for this package; however Net Operating Income to the interest being sold averaged $182,000 per month from April 2003 through March 2004. Net production for May 2004 was 302 BOPD and 148 MCFPD with 326 BOEPD.

Caprock Oil and Gas, Inc. is offering (26) leases covering total surface area of 5,360 acres in the package.

The Queen formation was previously waterflooded, and a third party engineering study concluded that there is additional, significant secondary recovery potential in the Queen as well as in the San Andres.

Riviera Energy Corporation is also assisting Raw Oil and Gas, Slaton, Texas in a divestment of their interest in Block A-34 and Means Field, Andrews County, Texas.

The sale consists of Operated interest in various properties. There are (22) Operated wells in the package producing 150 BOPD San Andres & Glorieta formations. Raw is offering for sale a 100% Working Interest with a 75%, NRI.

The properties have significant secondary recovery potential and offset a large waterflood project that is currently being implemented.

The complete package for sale by RAW Oil and Gas will offer 1,150 total acres.


RIVIERA ENERGY COMPLETES SALE OF LEA COUNTY ASSETS FOR DISCOVERY EXPLORATION AND NORTHSTAR OPERATING
Staff Report – Midland Reporter-Telegram

Riviera Energy Corporation, a Midland, Texas based oil & gas transaction advisory firm, announces the completion of the divestiture of various interests in the Trinity Field for Discovery Exploration, NorthStar Operating, and various working interest partners. The Trinity Field is located in Lea County, New Mexico approximately (14) miles west of the City of Tatum.

The Trinity Field assets included (2) operated wells producing 397 BOPD and 713 MCFPD from the Wolfcamp formation at 6,100′. NorthStar Operating and Discovery Exploration’s divested interest consists of a 93.75% Working Interest with an 82.5%, 8/8ths NRI. Net Operating income from the operated wells averages an estimated $400,000 per month.

The divestment also includes (8% to 12.5%) non-operated working interest on (9) producing wells in the Trinity Field. Production for the non-operated wells is 700 BOPD and 1,300 MCFPD (8/8ths), also from the Wolfcamp formation. The Net Income from the Non-Operated interests averages an estimated $70,000 per month.

The total package offered combined (8/8ths) production of approximately 1097 BOPD and 2.13 MMCFD with a NET income on the interest sold of approximately $470,000.00 per month.

The effective date for the divestiture is July 1, 2004.


Caprock Oil and Gas, Inc. Retains Riviera Energy to sell Gaines & Andrews County Texas Assets.
Staff Report – Midland Reporter-Telegram

Riviera Energy Corporation, Riviera Energy Corporation, a Midland, Texas based oil & gas transaction advisory firm, has been exclusively retained by Just Oil & Gas to divest it’s operated interest in properties located in Ward and Winkler Counties, Texas.

Total gross production for the package is approximately 73 BOPD & 435 MCFPD.

The divestiture package is currently being prepared and should be available in mid-January.


RIVIERA ENERGY COMPLETES SALE FOR CROWNQUEST OPERATING, LLC
Staff Report – Midland Reporter-Telegram 5/25/04

Riviera Energy Corporation, a Midland, Texas based oil & gas transaction advisory firm, announces the completion of the divestiture of the East Hobbs San Andres Unit for Midland-based CrownQuest Operating, LLC, Inc. to Arena Resources, Inc. (Tulsa). The Unit is located in Lea County, New Mexico approximately (2) miles east of the City of Hobbs.

Current production for the East Hobbs San Andres Unit is approximately 270 Bopd, 320 Mcfpd and 1,800 Bwpd. There are (21) active pumping oil wells, and a complete disposal system on the unit. The unitized area encompasses 920 acres. Production is from the San Andres formation found at an average depth of 4,500′. Net pay averages 146 feet. The twelve original leases in the East Hobbs San Andres Field were unitized for the purpose of developing an 40-acre five spot waterflood. The effective date of the Unit was March 1, 2004.


Riviera Energy Retained to Divest Runnels County Production for JH Oil Company – use the attached press release for JH…..
Staff Report – Midland Reporter-Telegram 5/25/04

Riviera Energy Corporation, a Midland, Texas based oil & gas transaction advisory firm, has been exclusively retained by JH Oil, Inc. of Midland to divest it’s operated interest in the Busher Field located in Runnels County, Texas approximately seven miles north west of the City of Ballinger.

There are four leases in the package with a total land position of 868 acres. The lease have a total of eight active pumping oil wells. All leases are operated by JH Oil, Inc.. Working Interest for sale is 100% with and an average NRI of 75%. Production is from the Morris Sand or Cross Cut Sand at 3,850′ with one well producing from the Palo Pinto Sand at 3,688′. JH has identified the Palo Pinto behind pipe in the other wells and there three additional development locations on the leases. Secondary recovery is also a possibility from the leases, and the field has been identified as an attractive waterflood candidate.

Gross production for the Runnels County divestment is 30 BOPD and 60 MCFPD. 2003 operating income averaged approximately $20,943 per month.


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