IPR Energy Partners LP

IPR Energy Partners LP has retained PLS Inc. to sell certain properties in north-central Texas. The package includes mostly 100% operated working interest (average 83% net revenue interest) in 3,055 net acres held by production in Wilbarger, Wichita, Archer, Foard, Jack and Young counties. Net production is approximately 98 barrels of oil equivalent per day (90% oil). Proved reserves are 1.25 million barrels of oil equivalent (673,000 barrels equivalent proved developed producing). Projected cash flow for 2010 is $131,000 per month. Upside includes an estimated additional 20 barrels of oil equivalent per day from low-cost work-over opportunities and numerous proved developed nonproducing and behind-pipe inventory. Contact Ronyld Wise, 713-650-1212.