Operations overview

Focused on the Delaware Basin

Our concentrated acreage position in the Delaware Basin is located in the core of the core of this prolific oil and natural gas producing basin.

Our acreage is characterized by stacked pay potential where we have identified a ten-year inventory of potential development locations within the Wolfcamp A and B formations alone. We believe significant additional potential exists both above and below these formations.  Our multi-rig development program has delivered exceptional production growth and we expect to maintain this growth profile in 2017 and beyond.

While we are focused on efficiently and effectively developing our current position we continue to look for opportunities to expand our position in the Delaware Basin, focusing on what we believe are Tier 1 areas of the Basin.

Proved reserves profile

Proved reserves growth 82%
Crude oil and NGL 86%
Percent production from Permian Basin 70%

Production (Boe per day)

(thousands)