Project Agave

Bandera and its subsidiaries have leased more than 2,200 contiguous acres in southwest La Salle County on Project Agave and continue to lease additional mineral interests in the area. Bandera’s team plans to leverage its significant experience in this area, having previously completed 16 extended-reach Eagle Ford Shale laterals on neighboring acreage in its tenure at Lonestar Resources. Bandera has planned a total of 8 extended-reach Eagle Ford Shale laterals on this acreage position. In February 2024, Bandera brought its first 2 wells onstream, the Casamigos #1H and #2H, which produced at combined initial rates of 4 barrels per day and 27,423 Mcf/d. Bandera is planning to drill 2-3 additional wells in 2025.