Nexus Energy Partners Strengthens Anadarko Basin Position Through Two Strategic Transactions

DENVER, CO- June 27, 2025 – Nexus Energy Partners today announced two significant transactions in Oklahoma’s Anadarko Basin that are anticipated to boost the company’s proved reserves by approximately 12%. The acquisitions further solidify Nexus’ position as one of the premier non-op companies in the Mid-Continent region.

The first transaction involves the acquisition of a 12.5% working interest in the Bearden Unit, operated by Continental Resources. This four-well development is located in Grady County, Oklahoma, within the SCOOP play. Each of the four wells will feature 3-mile laterals targeting the Woodford formation. Drilling is expected to begin in June 2025, with initial sales anticipated in the fourth quarter of this year. Nexus’ total net capital expenditure in this unit is approximately $7.2 million. 

Nexus also acquired a 6% weighted average working interest in the Hufnagel Unit, a six-well development located in Canadian County, Oklahoma, within the STACK play. Coterra Energy operates this unit.These wells feature 3-mile laterals and target both the Mississippian and Woodford formations. Drilling operations began in March 2025, with first production anticipated for the fourth quarter of this year. Nexus’ total net capital expenditure associated with the Hufnagel Unit is approximately $4.6million.

“These acquisitions demonstrate the strength of our relationships and our ability to access high-quality opportunities with the basin’s top operators,” said Ben Lusher, Chief Executive Officer of Nexus Energy Partners. “What truly sets Nexus apart is our team - we have some of the most talented professionals in the industry, and their deep technical expertise, rigorous diligence, and executional excellence were essential in bringing these transactions across the finish line to continue to expand our footprint in Oklahoma.”

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of federal securities laws. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. Except to the extent required by applicable law, Nexus does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.

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