Increased Production
Production increased by 6% quarter-over-quarter to 35,600 barrels of oil equivalent per day, near the high end of guidance.
Cost Reduction
LOE reduced by 8% to approximately $23 per barrel oil equivalent, reflecting disciplined cost management.
EBITDA Growth
Adjusted EBITDA grew by 11% quarter-over-quarter to $39 million, despite lower commodity prices.
Improved Financial Position
Unrestricted cash grew to approximately $125 million while net debt was lowered to under $226 million.
Successful Asset Integration
Integration of former Cox assets and high-return workovers contributed to increased production and cash flow.