Permian Basin Pure-Play
Our operations are focused in the core of the Delaware Basin, which we believe has the lowest break-even pricing of any oil and gas producing basin in North America. Our position consists of over 400,000 net leasehold acres and approximately 68,000 net royalty acres across the Permian Basin, making us the second largest pure-play E&P in the Permian Basin. The majority of our assets are concentrated within the Delaware Basin in Eddy and Lea Counties, New Mexico and Reeves and Ward Counties, Texas. With our high-quality asset base and differentiated inventory depth, we are pursuing a business strategy to drive returns to investors with a disciplined, high rate of return development program designed to maximize return of capital to shareholders.
Net Royalty Acres
Note: Operating statistics pro forma for recent Earthstone acquisition.