Field Operating Emergency: 713.842.9070

Investment Highlights

Premier Platform Positioned for Success

  • Coveted position in core of Karnes County with industry-leading breakevens
  • Emerging position in the Giddings Field with improving results and substantial running room

 

Positive Free Cash Flow and Peer Leading Margins

  • One of the select upstream independents generating substantial free cash flow after capital expenditures
  • Peer leading free cash flow yield at a wide range of commodity prices

 

Multiple Levers of Growth

  • Steady organic growth through proven drilling program while remaining well within cash flow
  • Clean balance sheet and strong free cash flow enables accretive acquisitions

 

Strong Balance Sheet and Financial Flexibility

  • Conservative leverage profile
  • Substantial liquidity at closing 

 

Experienced Management Team

  • Steve Chazen brings a strong track record of disciplined operations and careful capital allocation
  • Partnered with EnerVest, an industry-leading operator with a strong operating track record in South Texas