Wedgemount Announces Operational Update

Executive Summary

• Wedgemount Resources Corp. reports current production of 125 boepd in west central Texas, exceeding internal projections for June 1 despite extremely wet weather and challenging ground conditions.
• The company is executing a targeted surface facilities improvement program designed to enhance reliability, throughput, and overall operational efficiency.
• Management anticipates further production growth and reduced downtime as infrastructure upgrades and well optimization initiatives continue to be implemented.

Key Details

• Current production rate: 125 barrels of oil equivalent per day (boepd)
• Production performance: Ahead of internal projections for June 1, 2026
• Adverse conditions: Extremely wet weather and tough ground conditions in west central Texas
• Surface facilities improvement program initiatives:
• Returning McBeth injector well to full capacity
• Tank infrastructure improvements
• Separator optimization including natural gas condensates
• Ongoing well optimization through chemical treatments
• Upgrades and maintenance to compressors, flow lines, and water handling facilities
• Expected operational impacts: Increased operating up-time, further volume increases for both oil and natural gas, enhanced reliability, and reduced downtime
• Forward-looking development context: Additional workovers, chemical treatments, and improved surface facilities are projected to yield higher total production; the 2026 capital program focuses on high-return, quick-payout development and low-cost well optimizations to boost production and add reserves.

Notable Quotes

• “We are pleased to report that production is tracking ahead of our June 1 projections,” said Mark Vanry, President of Wedgemount Resources Corp. “Our team’s focus on surface facility improvements and well optimization is delivering results, and we remain committed to maximizing the performance of our asset base.”