Delaware 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 assets are concentrated in Reeves and Ward Counties, Texas and Eddy and Lea Counties, New Mexico, consisting of approximately 180,000 net leasehold acres and 40,000 net royalty acres. 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
*Pro forma operating statistics as of Q2’22.