Midland Basin Acquisition and Commodity Derivatives Update
Capitalizing on Contiguous Acreage Position Contiguous acreage position with 4,500 gross vertical feet of prospective zones enables: 80% of acreage supporting 10,000 laterals Centralized infrastructure in multiple production…
Midland Basin Acreage Acquisition Bolsters Existing Footprint Acquisition overview: 125 MM purchase price1 300 BOE/D Laredo-operated production 9,200 net acres Increases working interest in current western Glasscock and Reagan…
Acquiring Acreage Accretive to Existing Portfolio Acquiring 9,200 net acres 6,300 in Spraberry formation 2,900 in Spraberry, Upper Wolfcamp, Middle Wolfcamp, Lower Wolfcamp, Canyon and Cline zones Acquired acreage similar to best…
Oil, Natural Gas & Natural Gas Liquids Hedges OIL1 2Q-16 - 4Q-16 2017 2018 Total Puts: Hedged volume (Bbls) 1,572,000 1,049,375 1,049,375 3,196,750 Weighted average price (/Bbl) 43.09 60.00 60.00 54.14 Swaps: Hedged volume (Bbls)…