To us, success means delivering superior returns to our shareholders. We actively promote individual and corporate responsibility and reward outstanding performance.
Aggressively Develop Our Wattenberg Field Position
We hold approximately 30,000 net acres in the oil-weighted extension area of the Wattenberg Field in Weld County, Colorado. We have de-risked the Niobrara “B” Bench through horizontal development and are actively testing further downspacing, longer laterals, additional Niobrara benches and the Codell formation to delineate potentially decades of future opportunity.
Increase Production and Cash Flow from Existing Low-Cost Proved Inventory
We will continue drilling our proved vertical locations in southern Arkansas. This region is characterized by low-risk infill development providing free cash flow to partially fund our Wattenberg horizontal development. This oil and liquids-weighted asset provides strong economics and margins, and a stable production base.
Pursue Accretive Acquisitions
We intend to pursue bolt-on acquisitions in areas where we operate and where we believe we possess a strategic or technical advantage. In addition, we intend to focus on other oil and liquids-rich opportunities where we believe our operational experience will enhance the value and performance of acquired properties.
Maintain High Degree of Operatorship
We operate approximately 99% of our existing proved reserves and maintain a high working interest in our properties. We prefer to operate and control the development of our assets, allowing us to leverage our technical, operating and management skills and govern the timing of our capital expenditures.