Acquisition of Silverback Exploration
Closed acquisition of Silverback Exploration, increasing the Yeso trend footprint to 30,000 net acres, with 98% held by production. This region offers substantial undeveloped potential for future growth.
Record Safety Metrics
Achieved a total recordable incident rate of 0 in the second quarter, marking a record number of safe days for the second quarter in a row.
Operational Efficiency and Cost Reduction
Reduced total average drilling cost per lateral foot by 15% over the previous program in 2024 despite added tariff costs. Achieved the most efficient and cost-effective drilling campaign to date.
Production Growth
Barrel of oil equivalent production is up 1% quarter-over-quarter and up 14% compared to the same quarter last year, from 1.94 million to 2.22 million barrels of oil equivalent.
Midstream and Power Project Advancements
Continued progress on midstream and power projects, with an expansion of the Birdy compressor station underway, supporting future operational scale and reliability.