Operations

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 ~450,000 net leasehold acres and ~88,000 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.