COVID-19 Pandemic and Impact on Global Demand for Oil and Natural Gas

The amount of Trust revenues and cash distributions to Trust unitholders fluctuates from quarter to quarter depending on several factors, including, but not limited to:

•Timing and amount of production and sales from the Development and Producing Wells;

•Oil, natural gas and NGL prices received;

•Volumes of oil, natural gas and NGL produced and sold;

•Certain post-production expenses and any applicable taxes; and

Note 2 to the financial statements contained in Item 1 of Part I of this Quarterly Report for further discussion.

Distributable income per common unit $ 0.0540 $ 0.0467

(a)Net of certain post-production expenses.

(b)Includes the impact of certain post-production expenses but excludes production taxes.

(c)The Trust was adversely affected by depressed commodity prices in early 2021 as a result of the impact of COVID-19

(a)Includes a change in cash advances resulting in a $0.10 million increase and no adjustment in administrative expenses for the three and six months ended June 30, 2022.

(a)Net of certain post-production expenses.

(b)Includes the quarterly change in cash advance resulting in an increase in administrative expenses totaling $0.1 million.

(c)Calculation of distributable income per common unit is based on 46,750,000 commons units issued and outstanding as of August 9, 2022

Critical Accounting Policies and Estimates

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