Capital Allocation And Balance SheetPriority on balance sheet strength and a policy of buying assets at a discount to PDP PV-10 supports targeted smaller acquisitions and preserves flexibility versus competing for large deals.
Free Cash Flow And DistributionDisciplined operations and acquisition integration are driving solid free cash flow, underpinning distributions such as a $0.27 per share payout.
Well PerformanceWell performance in the Deep Anadarko and Mancos Shale is outpacing forecasts, with initial multi-well pads delivering strong combined production and additional wells scheduled to come online through 2026.