- 34,469 MCFE/D September net production consisting of 76% Gas and 20% NGL. 90% of production comes from 29 operated horizontal wells.
- September estimated EBITDA of $3.3MM with a 68% profit margin and a 12-month forecast total PDP net cashflow of $31.6MM.
20,000 de-risked, high working interest HBP net acres in core STACK. Concentrated in most active parts of the basin with rigs offsetting acreage.
- 108 BCFE in PDP reserves representing an 8.5-year R/P ratio. 1P reserves of 410 BCFE for a 32.6 year R/P ratio. Near-term PDP declines approximately 20%.
- 35 operated horizontal locations with reserves totaling 303 BCFE (73% Gas). Additional 3,000 non-operated net undeveloped acres.