wAVELAND eNERGY
A Total Return Income & Growth Fund
We are pleased to announce that WRP VII has completed four (4) additional acquisitions totaling ten (10) wells in the core of the Bakken Shale in North Dakota. These projects are operated by major public companies, including Chevron Corporation (NYSE: CVX) and Devon Energy Corporation (NYSE: DVN), with combined market capitalization of over $320 billion. In addition, Kraken Oil & Gas, a leading private equity-backed Bakken operator, is also included in these transactions. As of the date of this announcement, all ten wells were in stages of drilling or completion by the respective operator.
Following these latest acquisitions, the WRP VII portfolio now consists of 124 wells in the Bakken Shale and the Permian Basin, and we expect to receive initial production revenues from these latest projects in Q1 2026.

The Funds’ strategy is to aggregate oil and gas assets located in the core of the Bakken Shale in North Dakota and the Permian Basin in West Texas and Southeast New Mexico. Our objective is to generate quarterly cash distributions from our net operating income and grow asset value by reinvesting a portion of the income to make additional acquisitions and drill new wells to build asset value toward a profitable exit.
VJG, CEO & Founder
December 10, 2025
Author
Vickie J. Greer
CEO & Founder
Co-founder and Chief Operating Officer of Waveland brings over 35 years of expertise in investment syndication, operations, legal services, and investor relations.




