2026 Drilling Fund continues development with up to 12 planned wells in Cherokee Formation

Citizen Energy Ventures, an experienced owner and operator of oil and gas assets, announced today that all eight wells associated with Citizen Energy 2025 Drilling Fund, LP are producing as the company continues its current drilling program in Oklahoma’s Anadarko Basin. The 2025 fund is now substantially complete, while the 2026 program continues development in the Cherokee Formation.

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Citizen Energy Ventures Oil Rig

Citizen Energy 2025 Drilling Fund, LP launched in late October 2025 and participated in a drilling program deploying more than $80M in retail, institutional, and management equity. The fund is now substantially complete, with all eight wells producing as of the end of August 2026. The drilling program successfully completed the wells at or below its targeted AFE.

Citizen Energy 2026 Drilling Fund, LP launched earlier this year as a $20 million private placement offering with a greenshoe option up to $30 million in equity. The Fund will participate in the drilling and completion of up to 12 planned wells in the basin’s Cherokee Formation, along with institutional capital, prior investor and management capital. The fund targets long-life oil and natural gas reserves through a continuation of the drilling program strategy that produced the 2025 fund’s results.

“Our team has spent more than a decade developing the Anadarko Basin, drilling and completing more than 300 horizontal wells in the region,” said James Woods, founder and president of Citizen Energy Ventures. “Operational execution is critical to our drilling programs, and the results speak to that discipline, including bringing production online quickly in a complicated macroeconomic environment. We’re pleased to give financial professionals and their accredited investor clients a way to participate directly in our continued development of the Basin.”

Covering nearly all of western Oklahoma, the Anadarko Basin is approximately 50,000 square miles in size and seven miles deep, and it crosses into four states. The 2026 Drilling Fund consists of interests in up to 12 wells in the basin’s Cherokee Formation, which is composed of conventional reservoirs and source rocks with proved reserves.

Prior to the 2026 fund’s launch, the management team raised more than $100 million from institutional and prior investors to supplement the drilling schedule, enhance well diversification, and drive operational cost efficiencies. The fund has also been structured to offer potential tax advantages to investors who elect to participate as general partners.

About Citizen Energy Ventures

Citizen Energy Ventures is a privately held oil and gas company headquartered in Tulsa, Oklahoma, specializing in developing horizontal play concepts in the onshore United States. The company’s management team has a primary focus on the Anadarko Basin, where the team has drilled and completed more than 300 horizontal wells since 2012. Collectively, the management team has completed more than $7 billion in upstream, midstream and oilfield service transactions and brings deep technical expertise across the energy value chain, with operations having spanned Oklahoma, Texas, Arkansas, and Louisiana. To learn more, visit www.cevok.com.

This is neither an offer to sell nor a solicitation of an offer to buy securities described herein. An offering is made only by the confidential private placement memorandum (PPM). Securities offered through Arete Wealth Management, LLC, member FINRA/SIPC. Arete Wealth Management and Citizen Energy Ventures are not affiliated companies. This communication is provided for informational purposes only. Additional information is available upon request. Historical data does not guarantee future results. Oil and gas security investments are speculative, illiquid, and carry a high degree of risk – including the potential loss of the entire investment. The foregoing is not a complete list of all the risks related to this investment strategy. Investors should review the “Risk Factors” section in the private placement memorandum.

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Operational execution is critical to our drilling programs, and the results speak to that discipline.