The Midland Basin, a subset of the prolific Permian Basin, is known for its high oil-in-place content, stacked pay zones and substantial existing infrastructure with premier midstream and marketing solutions allowing for operational efficiencies. HighPeak Energy has over 140,000 net acres of this best-in-class reservoir rock located primarily in Howard and Borden Counties, Texas. With the blocky nature of the acreage position, high oil cut, and shallower pay zones, HighPeak has become one of the most efficient Operators in the Midland Basin.