Shallow decline, horizontal Niobrara and Codell producing properties and wholly-owned midstream assets.
- 8,321 BOE/D December net production (70% Liquids) from diversified commodity mix.
- $5.4MM June 2021 net PDP cashflow forecast, $54.9MM 12-month net PDP cashflow forecast.
- Redtail plant, midstream compression and gathering systems contributes $1.1MM/Month.
23.5MBOE in PDP reserves representing an 8.8-year R/P ratio. Limited near-term P&A.
- 69,308 net acres with regulatory and development risk mitigated through lack of urban exposure.
- 82 economic (>10% IRR) locations at current price strip identified in three type curve areas. Additional 403 locations at higher prices.