Strong Production Growth
Total production averaged over 19 MBoe per day, representing a 19% increase year-over-year on a Boe basis and a 28% increase on an oil basis.
Significant Cash Dividends
Paid $72 million in dividends in 2024, contributing to a total of $154 million in dividends over two years.
No Debt and Strong Cash Position
The company has no term debt or revolving debt obligations, with cash, including restricted cash, just under $100 million.
Successful Cherokee Play Developments
Completed first operated wells in the Cherokee play with three DUCs achieving costs below historical industry average, and closed a second acquisition in the Cherokee Shale play.
Adjusted EBITDA Achievement
Generated adjusted EBITDA of $24 million in Q4 and $69 million for the year, despite headwinds from natural gas prices.