Located in Reeves, Ward and Pecos counties in Texas, our Southern Delaware Basin assets are in a target-rich setting with considerable oil in place. Our position here is highly contiguous. This scale supports extended lateral and mulit-well project development. During 2016, we expanded our acreage position with the acquisition of approximately 13,000 net acres. Here we are focused on co-development of the stacked resource in order to maximize recoveries and rate-of-return.