Good Things Coming

Big moves in spot Permian crude differentials in the past week, with WTI Midland and WTS Midland now at $8.00/bbl and $8.50 discounts to WTI Cushing, compared to $3.15 and $4.25, respectively, a week ago. We believe the impetus for the recent swing is continuing problems at the 146mbpd refinery in Borger, TX jointly owned

Friday, June 1st Lunch 12:00 p.m. ♦ 1:00 p.m. sign up ♦ 1:30 p.m. Shotgun Start Registration is open until all PAID team slots are filled. No refunds after May 22nd Entry fee includes green fees, carts, lunch and prizes. Four-man scramble will be flighted by blind draw. Teams are subject to review by the

2018 89th Convention & Annual Meeting Panhandle Producers & Royalty Owners Association Embassy Suites • Cactus Gun Club  September 19th – 20th, 2018 SPONSORSHIP OPPORTUNITIES All participating sponsors will receive prominent mention in all convention promotion materials, including: Newspaper articles and display advertisements beginning in July Programmatic material distributed at the convention Promotional materials mailed out

We are still invested in providing information regarding natural gas contracts.  We have a special ad hoc committee working on your behalf.  Should you have questions we will direct you to the members of that committee. An Open Letter to Texas Gas Well Operators April 2017 Dear Texas Gas Well Operator   During the last