Colgate Energy Partners III LLC

Priced a private offering to eligible purchasers of 5.875% senior notes due 2029. The notes mature on July 1, 2029, pay interest at the rate of 5.875% per year and were priced at 101.75%, which implies an effective yield to worst of 5.441%. The notes are being offered as additional notes under an indenture pursuant to those issued on June 30, 2021, $500 million aggregate principal amount of notes, and will have identical terms as the existing notes. Proceeds will be used to fully repay amounts outstanding under its revolving credit facility and the remaining net proceeds to fund a portion of the purchase price for the acquisition of certain assets in New Mexico’s Eddy and Lea counties, referred to as the Parkway acquisition. If the Parkway acquisition is not consummated on the terms currently contemplated or at all, proceeds will be used for general company purposes.