MIDLAND BASIN PURE-PLAY

Independence Resources Management, LLC is a Houston-based privately held oil and gas company focused on acquiring and developing Permian Basin hydrocarbon resources. The company was formed in December 2014 with a $500MM line-of-equity investment from Warburg Pincus, a leading global private equity firm, and its management team. Independence Resources has acquired 38,000 acres in two contiguous blocks and operates over 750 wells in the Midland Basin of West Texas. I.R.M. employs the latest analytical, drilling, completion and operational technologies to efficiently evaluate and develop oil and gas resources while nurturing constructive relationships with our landowners, financial institutions, royalty owners and industry partners.