Business Strategy

The key elements of our business strategy are to:

  • Make accretive acquisitions of producing properties generally characterized by long-lived reserves with stable production and reserve development potential;
  • Add proved reserves and maximize cash flow and production through development projects and operational efficiencies;
  • Maintain financial flexibility; and
  • Reduce commodity price risk through oil and natural gas derivative transactions.

Competitive Strengths

We believe we are well positioned to successfully execute our business strategy because of the following competitive strengths:

  • Proven acquisition and development track record;
  • High-quality, long-lived, liquids-rich reserve base;
  • Extensive, low-risk development drilling inventory;
  • Diversified operations and operational control over 70% of our current production;
  • Conservative balance sheet and strong hedging profile; and
  • Experienced management team with a vested interest in our success.

Key Statistics

Q4 2016 Production

42,098 Boe/d

Proved Reserves

144.8 MMBoe

Oil & Natural Gas Liquids

28%

PDP

94%