Peak 10 Energy Announces $500 Million Acquisition Finance Facility with U.S. Bank

Debt Facility Designed to Facilitate Producing Asset Consolidation Strategy, with Long-Term Financing Through Asset-Backed Securities Issuances

HOUSTON, Texas, Nov. 12, 2026 — Peak 10 Energy ("Peak 10"), a Houston-based oil and gas company backed by Legacy Star Capital Partners, today announced the establishment of a strategic financing partnership with U.S. Bank, N.A. ("U.S. Bank"). U.S. Bank created an acquisition finance facility that provides Peak 10 with up to $500 million to fund the acquisition of oil and gas asset packages across the United States that are primarily proved developed producing ("PDP").

Transaction Highlights

• Up to $500 Million in Committed Capacity: The initial acquisition finance facility provides Peak 10 with significant capital to pursue its asset consolidation strategy, targeting packages weighted toward high-quality, long-life PDP assets that generate stable, predictable cash flows.
• ABS-Oriented Capital Structure: The facility is structured to support the subsequent issuance of asset-backed securities ("ABS"), providing a durable, institutional financing solution designed to optimize long-term cost of capital.
• Accelerating a Proven Acquisition Strategy: Since its founding in 2023, Peak 10 has successfully closed a dozen A&D transactions across operated, non-operated, and mineral assets. This partnership provides the financial platform to build on past success and execute efficiently at increased scale.
• Strengthening U.S. Domestic Energy Production: The partnership contributes to domestic energy supply and long-term U.S. energy security by supporting existing U.S. onshore oil and gas production and extending the life spans of existing oil and gas fields and related infrastructure.

Principal Commentary

"This partnership with U.S. Bank represents a transformational step in Peak 10's evolution," said Kyle McQuire, CEO of Peak 10 Energy. "Despite our successful acquisitions to date, there were additional asset packages that we would have been able to capture in 2026 had this facility already been in place. This facility and our commodity hedging relationship with U.S. Bank give us the financial firepower to close acquisitions at a scale that matches the opportunity we see in the market and on a timeline that positions us for success."

"Peak 10 has built an exceptional track record, and this partnership with U.S. Bank is a direct reflection of the quality of the team Kyle has assembled," said Russ Bruno, Managing Director at Legacy Star Capital Partners. "The PDP-focused consolidation strategy, with long-term financing from the ABS market, that Peak 10 is executing is exactly the type of differentiated, long-duration value creation opportunity Legacy Star was built to support, and we are excited about what lies ahead."

"We were pleased to work with Peak 10 to develop a tailored financing solution that supports the company's acquisition strategy and future growth," said William Eustis, Co-Head of Asset-Backed Securities at U.S. Bank. "The ABS structure provides a durable source of capital, and reflects the practical, solutions-oriented approach our structured lending team brings to help clients achieve their objectives."

Advisors

Petrie Partners originated this transaction and served as financial advisor to Peak 10, Baker Botts served as legal advisor to Peak 10, and Haynes Boone served as legal advisor to U.S. Bank.

Cautionary Statement Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond Peak 10's control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. Factors that might cause such a difference include, without limitation, commodity price volatility, the availability of acquisition targets on acceptable terms, the performance of acquired assets, and conditions in the capital markets generally. Peak 10 cautions investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this press release. Peak 10 is under no duty to update any of these forward-looking statements after the date of this press release.

SOURCE Peak 10 Energy