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 70,000 net acres in the oily extension area of the Wattenberg Field in Weld County, Colorado, which provides some of the strongest economic return projects in the United States today. The play consists of multiple stacked benches of opportunity, including the Niobrara B Bench, the Niobrara C Bench, and the Codell formation. Downspacing and the application of the extended reach laterals continue to increase the value inherent within these properties.
Fund Oily Growth with Existing Oily 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.