Strong Production Growth
Total production grew 10% year over year to 6,935 BOE per day, demonstrating the strength of Evolution's diversified portfolio.
Consistent Dividend Payments
The company announced its 46th consecutive dividend payment, maintaining a quarterly payout of $0.12 per share.
Promising M&A Opportunities
The company is evaluating multiple acquisition opportunities that could enhance long-term growth and cash flow generation, potentially being materially accretive.
Successful Resolution of Operational Issues
Temporary downtime in Williston and Chaveroo was resolved, with production rates fully restored by January.
Above-Average Performance in SCOOP/STACK
Production from SCOOP/STACK is outperforming type curves, with gas production about 10% higher than expected.