Successful Integration of Repsol Assets
Drilled 41 gross wells on the former Repsol lands, accounting for 55% of total wells drilled, resulting in a sustained 40% production improvement over legacy programs.
Record Production Levels
Achieved a record production level of 133,000 BOEs per day in Q4 and reached a target exit production of 136,000 BOEs per day in December 2024.
Strong Financial Performance
Generated roughly $200 million in funds from operations or $1 per share in the quarter, with a strong net sales price of $4.28 per Mcfe despite low AECO prices.
Robust Operating Margin
Delivered a 64% operating margin despite low average annual prices at AECO.
Effective Hedging Strategy
Secured $850 million of revenue for 2025 through hedging, with 480 million cubic feet per day hedged for this year at prices over $4 per Mcf.
Record Dividends
Paid a record amount of $258 million in dividends to shareholders for 2024.
Capital Efficiency
Achieved a trailing 12-month capital efficiency of approximately $9,700 per flowing BOE, one of the strongest in the company's history.