Strong Drilling Inventory
Pine Cliff Energy has never had a stronger inventory from a drilling perspective in its 14-year history, providing good economic opportunities for growth.
Increase in Reserves
Despite not drilling a well in 2024, Pine Cliff Energy saw an increase in its proved plus probable reserves after accounting for production, highlighting effective resource management.
Strategic Land and Infrastructure Consolidation
The company successfully consolidated land and infrastructure, enhancing its strategic positioning in key plays such as the glock and Basil Courts.
Positive Cash Flow Projections
The forward strip pricing, especially winter pricing around $3, indicates strong cash flow potential for Pine Cliff Energy.
Stable Liquids Production
The 2023 acquisition added over 5,000 barrels a day, with 50% being liquids, providing stable production throughout 2024.