Grizzly Ridge Joint Venture

Multi-Project Horizontal Well
Development Program

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Multi-Project Horizontal Well Development Program

Powder River Basin, North Park Basin,
Uinta Basin

PROJECT

Grizzly Ridge Joint Venture

Powder River Basin, North Park Basin, Uinta Basin

The Grizzly Ridge joint Venture involves the drilling and completion of 14 new horizontal wells with four different operators, Rockies Resources, Devon Energy, Fulcrum Energy and Javelin Operating, located in the 1) Powder River Basin in Campbell County, Wyoming, 2) North Park Basin in Jackson County, Colorado and 3) Uinta Basin in Duchesne County, Utah. Grizzly Ridge is comprised of four different projects with the current status of the 14 wells as follows: 1) one well completed, pending production, 2) two wells drilled, pending completion (DUC) and 3) 11 wells to drill in 2025.

Powder River Basin –
Oil and Gas Map

Multi-Project Oil and Gas
Development Program

Powder River Basin (WY), North Park Basin (CO) and Uinta Basin (UT)

14 New Horizontal Wells – 10 Niobrara Wells, 3 Parkman Wells and 1 Wasatch Well

Four Projects – Seven Leases – Four Operators (Devon Energy, Rockies
Resources, Fulcrum Energy and Javelin Energy)

1.135714% (Avg) Non-Operated Working Interest, 0.851786% (Avg) Net Revenue Interest (in Each Well)

Available for $3.4MM

Project 1:

(Campbell County, WY): Operator Rockies Resources – Three Parkman Wells to Drill in 2025 Permitted, to Drill

Project 2:

(Campbell County, WY): Operator Devon Energy – Two Niobrara Wells Drilled, to Complete (DUC)

Project 3:

(Jackson County, CO): Operator Fulcrum Energy – Eight Niobrara Wells to Drill in 2025 Permitted, to Drill

Project 4:

(Duchesne County, UT): Operator Javelin Operating – One Wasatch Well Completed, to Produce

PROJECT 1 (Cumberland):

Three Parkman Wells - Operator Rockies Resources to Drill in 2025

Operational Status as of 7/7/25: Three Wells Permitted

PROJECT 1
(Cumberland):

Three Parkman Wells - Operator Rockies Resources to Drill in 2025

Operational Status as of 7/7/25: Three Wells Permitted

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PROJECT 2 (Ark Land):

Two Niobrara Wells - Operator Devon Energy to Produce in 2025

Operational Status as of 7/7/25: Two Wells Drilled, to Complete

PROJECT 2
(Ark Land):

Two Niobrara Wells - Operator Devon Energy to Produce in 2025

Operational Status as of 7/7/25: Two Wells Drilled, to Complete

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PROJECT 3 (Janet Ray):​

Eight Niobrara Wells - Operator Fulcrum Energy to Drill in 2025

Operational Status as of 7/7/25: Eight Wells Permitted

PROJECT 3
(Janet Ray):​

Eight Niobrara Wells - Operator Fulcrum Energy to Drill in 2025

Operational Status as of 7/7/25: Eight Wells Permitted

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PROJECT 4 (CD):​

One Wasatch Well - Operator Javelin Operating to Produce in 2025​

Operational Status as of 7/7/25: One Well Completed, to Produce

PROJECT 4
(CD):​

One Wasatch Well - Operator Javelin Operating to Produce in 2025​

Operational Status as of 7/7/25: One Well Completed, to Produce

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Grizzly Ridge Joint Venture​

14 New Horizontal Wells – 10 Niobrara Wells, 3 Parkman Wells and 1 Wasatch Well
Powder River Basin – Campbell County, Wyoming
North Park Basin – Jackson County, Colorado
Uinta Basin – Duchesne County, Utah

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Additional Documents

APPLICATION
CIM
Ballot

There are significant risks associated with oil and gas investments. Information found on this site is for general purposes only and is not a solicitation to buy or an offer to sell securities. General information on this site is not intended to be used as individual investment or tax advice. Consult your personal tax advisor concerning the current tax laws and their applicability and effect on your personal tax situation.

Eagle Natural Resources, LLC

ENR Operating, LLC RRC # 253075
5445 Legacy Dr. STE 440 Plano TX 75024
Phone: (972) 674-1024

© Copyright 2026 Eagle Natural Resources.
All rights reserved.

Recipient – Registrant on www.EaglenNaturalResources.com

Disclosing Party – Lexstar Energy, DBA Eagle Natural Resources

Effective Date – Date of Registration

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