Owner | Vendor Relations
Our goal is to enhance stockholder value through profitably increasing reserves, production and cash flow by executing our strategy as described below:
Continued focus on the Permian Basin
Exposed to some of the most prolific oil plays in the U.S.
Capitalize on the strategic benefits of being one of the largest operators in the Permian Basin
Committed to rate-of-return driven growth
Reinvest high-margin cash flows into projects with robust rates of return
Achieve superior per share growth rates while staying within cash flow
Maintain simple, strong financial position
Conservative approach to leverage (< 2.0x debt / EBITDAX)
Ample liquidity available under credit facility
Hedging program to provide predictable cash flows
Pursue acquisitions that enhance existing portfolio
Focus on strategic fit and impact to NAV and rate of return
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