Producing Properties
Our core focus is on producing fields, and our acquisitions have averaged 73% of proved developed producing reserves as a percentage of proved reserves. We have a preference for properties with long-term production histories and predictable production profiles.
Field-Level
Reinvestment
Opportunities
We look for mature properties that offer additional drilling opportunities, reinvestment in operational improvements, or a combination of both. We have drilled or participated in over 1,000 wells, and our efforts go beyond development drilling to include workovers, recompletions, refracs, and various margin improvement projects.
Diverse Assets or
Multi-Property
Packages
We pursue a variety of property transactions from individual assets to multi-property, multi-basin packages. Also, we opportunistically consider farm-out agreements or corporate stock transactions with private or public oil and gas companies. While we prefer to directly operate acquired properties, we will selectively acquire non-operated interests with long-term strategic benefits.
Negotiated and
Marketed
Opportunities
The majority of our significant acquisitions have originated from one-on-one negotiated deals and proprietary relationships. However, we are also regular participants in competitively marketed processes.