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Operated Properties with Drilling Potential
       Tom Green and Irion Counties, Texas


(2.7+/-) MMCFPD (8/8ths) (May/June AVG ‘08)
(71+/-) BOPD (8/8ths) (May/June AVG '08)
100(+/-)% WI, 75% NRI
$840,000 +/- Net Net Monthly Income (May/June AVG '08)
32,800 +/- Acres (Including Optioned & Right of Refusal)
3-D Seismic
Numerous PUDs
Behind-Pipe Potential
(18) Producing Wells with Existing Multiple Pays
Additional Completions Underway
Producing Formations:

San Andres
Cisco
Canyon
Strawn
Ellenburger

Additional Pays:

San Angelo Sand
Clearfork



Acreage
South Dawson County, TX

7,700 (+/-) Acres for Lease
75% NRI
PERMIAN BASIN
Sprayberry/Wolfcamp Formations
Wolfberry Trend
All Depths and Rights
Established Production in the General Area
(3)-Year Leases with (2)-Year Options
Several Re-Entry Candidates Possible
Operated Properties
Irion County, TX

100% WI
75% NRI
32 BOPD + 247 MCFPD
Canyon, Clearfork and WolfcampProduction
(18) Producers + (2) Injectors + (1) Water Supply Well
1,740 +/- Acres
3rd - Party Reserves Evaluation
Waterflood Expansion Opportunity
Operated Properties
Sterling & Tom Green County, TX

(80+/-) BOPD + (688+/-) MMCFPD (7/08) (8/8THS)
100% WI, 75% NRI (8/8ths)
$560,179+/- Net Monthly Income (May 08)
(7) Producing Wells
2,400+/- Acres
(11) PUDS
(39) Probables
Behind Pipe Potential possible in Sprayberry & Wolfberry
Jax Devonian Unit
Crane County, TX

100% WI
80% (+/-) NRI
423 (+/-) Unitized Acres
Producing Well
6 (+/-) BOPD (8/8ths)
Excellent Waterflood Candidate
Third-Party Waterflood Evaluation
CO2 Injection Potential
CO2-EOR Feasability Assessment
Analogous Waterflood and CO2 Projects Nearby
Water/CO2 Flood Projected to Produce 668,000 Net Barrels
Monthly Net Income = $12,700 (May '08)
Non-Operated Properties with Drilling Potential
Chaves County, NM

0.213-6.2136% Non-Operated WI
Monthly Cash Flow = $80,900 +/- (May ‘08)
$2,100,000 +/- Gross Revenue (8/8ths) (May ‘08)
(11.6 +/-) MMCFPD (8/8ths) (May '08)
Large Acreage & AMI Agreement
Well Currently Being Completed
Well To-Be-Drilled September, 2008
Operated Properties,
Ward Co., TX

(25) BOPD
1920 +/-Acres
100% WI, 75% NRI
Net Monthly Operating Income = $32,100 (+/-)
Flat Production
Make Offer!
NEGOTIATED SALE
 Re-Completion/ Re-Vitalization Project - Ector County, Texas

(4) Shut-In Wells-Lease is Held By Production
San Andres (3 Wells) Cum Prod 102,000 BO+ (1) BCF
Grayburg (1 Well) Cumulative Prod is 4.8 BCF
160 Acre Lease / 100% WI– 75%NRI
Equipment in Place
SOLD
Eddy Co., NM
Overriding Royalty Interest

Thirteen (13) Wells
0.017885-0.025 ORRI
Net Monthly Income = $2,712.97(12/07-04/08) AVG
42 (+/-) BOPD (8/8ths) (11/07-04/08) AVG
SOLD
Operated Properties
Andrews Co., Texas

(14+/-) BOPD (8/8ths) (08/2007 - 01/2008)
360 Acres
100% WI, 80% NRI
Net Monthly Operating Income = $23,300 (+/-) (09/07-02/08)
(4) Producers
Flat Production
OFF THE MARKET
Operated Properties
Eddy County, New Mexico

(6) BOPD (8/8ths)
665+/- Acres
100%WI, 76% Avg. NRI
Net Monthly Operating Income = $4,500
(8) Producers
Prime Waterflood Candidate
SOLD
Operated Properties
Atascosa County, Texas
(20) BOPD (8/8ths)
1700+/- Acres
100%WI, 74  - 78% NRI
Net Monthly Operating Income = $16,270
(12) Producers, (2) Injectors, (1) SWD
Infill Drilling Locations
More Acreage Available
SOLD
Spraberry/Wolfcamp Acreage with Production & Operations – Martin County, Texas
7,700 Leased Acres
Drilling Potential:
Spraberry
Dean
Wolfcamp
(2) Producing Wells
100 BOPD (8/8ths)
129 MCFPD (8/8ths)
100% WI
80% NRI
SOLD
Operated Properties
Lea County, NM

320 Net Acres and Well Bore for Lease)
75% NRI Lease
102 MBO + 80 MMCF Estimated Remaining Reserves
Devonian Potential
Drilling Potential

SOLD
Producing Property:
Borden, Dawson, Howard and Martin Counties, TX

27 Wells, 23 Leases
Dean Sand, Spraberry, Penn and Wolfcamp formation
Recompletion Potential
Additional Acreage
Multiple Pays
(70) BOPD
(84) MCFPD
$64,000 Net/Mo
SOLD
Operated Gas Properties with Drilling Potential - Crockett County, Texas
400 MCFPD + (13) BOPD (8/8ths)
100% WI, 75% NRI
$74,100 per Month Net Income (July 2007)
Clearfork (3,500 ft.) & Strawn (8,700 ft.) Prod.
(4) Producing Wells
CAOF Clearfork = 20 MMCFPD
2,800 Gross Acres - 2D Seismic
(30±) Potential Clearfork Drilling Locations
Possible Strawn Drilling Locations
Ellenburger Potential Below Strawn
SOLD
Non-Operated Working Interest
Active Drilling Program w/Production
Upton County, Texas

260 BOPD + 500 MCPFD (8/8ths)(Sept 06)(6 Wells Producing)
Projected Dec ‘06 Prod. = 525 BOPD + 1 MMCFPD
2.0% Working Interest, 1.5% NRI
$16,000 Net/Mo Operating Income(Projected Dec 06)
(7) Producing Wells, (2) Wells Waiting on Completion
10,200 Gross Acres
115 Development Well Drilling Locations


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Riviera Energy Corporation.


Centennial Tower, 200 N. Loraine Suite 1450,
Midland, Texas 79701
(432) 686-9400 voice
(432) 686-9494 fax
www.RivieraEnergy.com
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