News

Well-Positioned to Benefit from Improving Natural Gas Fundamentals

Increased Payout Ratio to 75% of Q2 2020 Cash Available for Distribution

Increases Payout Ratio to 75% of Projected Second Quarter 2020 Cash Available for Distribution

Quarterly Production of 12,602 Boe/d (6:1); Post-Springbok Quarterly Production Exceeds 15,000 Boe/d (6:1) for the First Time[1]

Record Full-Year Revenues; Record High Quarterly Production

Expected to be immediately accretive to distributable cash flow per unit, includes core position in the Delaware Basin, expected to increase daily production by 19% to 15,790 Boe/d[1] and to generate estimated cash G&A savings of 18% per Boe