Sage Butte Energy, LLC

Sage Butte Energy is a private exploration and production company focused on the Powder River Basin in Wyoming. The company owns 146,000 highly contiguous acres in the core of the basin, one of the leading stacked-pay oil basins in the United States. Sage Butte Energy's assets are located primarily in Converse, Campbell, and Johnson counties, with eight developed benches, including the Niobrara, Frontier, and Shannon, which are among the most attractive for production in the basin.