Acquisition DisciplineA commitment to purchase assets only at a discount to PDP PV-10, applied across multiple transactions, lowers reserve risk and supports accretive growth through disciplined deal-making.
Operational PerformanceInitial well results in the Deep Anadarko and Mancos Shale have outpaced forecasts, with the two-well Anadarko pad producing above 40 MMcfpd and the first five Mancos wells exceeding 100 MMcfpd, supporting stronger-than-expected production profiles.
Valuation And Cash ReturnsShares trade at a roughly 4.0x EV/EBITDAX multiple with an elevated free cash flow yield near 11%, and the company has declared a cash distribution, enhancing appeal for income-focused investors.