

BSPE owns 100% leasehold working interest in and operates the J.E. Pettus Gas Unit in Cabeza Creek Field. The Cabeza Creek field is located in north central Goliad County, Texas approximately 7 miles southeast of the town of Goliad. The field is productive in the upper Wilcox trend with shallower productive zones at the Cook Mountain, Yegua and Pettus zones. The gas unit has approximately 3700 acres.