
Permian Basin Assets
-
58,000+ acre position, with 28,600 acres focused on horizontal production and development
-
2022 production of 11,880 boe/d, 70% liquids
-
124 producing horizontal wells predominately drilled since 2013, 18 of which were drilled in 2020-2022
-
19,800 acre position in the Midland Basin, with 12,500 acre development position in Northern Midland Basin built through creative land work including trades, leasing, and small acquisitions
-
8,800 acre Northern Delaware Basin position with 4,600 acre position in Lea County focused on horizontal development
-
90+ identified, high return drilling locations; five +/- years of inventory

East Texas/Haynesville Assets
-
Consolidated ~30,000 net acre position in Shelby County, Texas, prospective for Haynesville and Middle Bossier development
-
2022 exit rate of 77,161 Mcf/d from 10 producing wells drilled since 2020
-
Four additional DUCs waiting completion in 1Q23
-
Strong production and IRRs with average IP30s of approximately 19 MMcf/d
-
Approximately 240 development locations with over 80% long laterals
-
Existing midstream infrastructure allowing sales through multiple markets


Permian Basin
-
49,000+ acre position, with 28,800 acres focused on horizontal production and development
-
19,900 acre position in the Midland Basin, with 14,300 acre development position in Northern Midland Basin built through creative land work including trades, leasing, and small acquisitions
-
8,900 acre unconventional position in the Delaware Basin, with 4,600 acre position in Lea County focused on operated development
-
21,000+ net acres predominately on the Central Basin Platform and Northwest Shelf

East Texas Haynesville
-
Consolidated ~30,000 net acre position in Shelby County, Texas, prospective for Haynesville and Middle Bossier development
-
2022 exit rate of 77,161 Mcf/d from 10 producing wells drilled since 2020
-
Four additional DUCs waiting completion in 2023
-
Strong production and IRRs with average IP30s of approximately 19 MMcf/d
-
Existing midstream infrastructure allowing sales through multiple markets