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Growing in a new play

About the Play

Permian

Establishing a growing business.

We've been operating in the Northern Delaware basin, which is located within the greater Permian area, since 2017. The majority of our acreage is in Eddy and Lea counties, New Mexico.

In 2020, we expect to bring 55 - 65 gross operated wells to sales. About 90% of our activity is in Upper Wolfcamp/Bone Spring intervals of Malaga/Red Hills.

Our focus since entering the play has been to strategically advance our position and prepare for future development. We're coring up our footprint, progressing early delineation of our acreage, improving our cost structure and securing midstream solutions.

A Clear Approach
Our strategy is focused on lower cost, higher margin U.S. resource plays. With operations in four of the best oil-rich basins in the U.S., we are positioned for long term growth.

Recent Performance
Permian

4Q 2019 Performance

Below are a few highlights from our recent activity in the Permian. We continue to advance learnings, reduce its cost structure, and improve margins.
28,000
Net BOED* Average Production in 4Q 2019
barrels of oil equivalent per day
40%
Oil production up in 2019 vs 2018
90%
Water and oil on pipe for wells to sales in 4Q 2019
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