Our goal is to increase stockholder value by building reserves, production and cash flows at an attractive return on invested capital.
We believe the best way for us to generate long-term value is to grow the business by identifying, acquiring and executing large, repeatable drilling programs in known hydrocarbon bearing areas. We call this strategy “Resource Conversion.”
These elements are at the core of our Resource Conversion strategy:
- Aggressively Develop our Williston Basin Leasehold Position. We have accumulated a multi-year inventory of drilling locations in our core Williston Basin operations, providing over a decade of production and reserves growth potential.
- Enhance Returns by Focusing on Operational and Cost Efficiencies. Our team has managed early-stage resource opportunities in the past. We are applying our expertise and investing in the infrastructure needed to drive down per-unit costs and increase efficiencies at every stage of the process from drilling new wells to producing existing ones.
- Adopt and Employ Leading Drilling and Completion Techniques. We are continuously evaluating what works best to maximize recoveries and returns in the most efficient way, and adopting proven technologies and techniques for building long-term value.
- Pursue Strategic Acquisitions with Significant Resource Potential. Our near-term focus is on strengthening and building on our core Williston Basin leasehold, which is the foundation of our growth plan. We expect to target opportunities in other domestic basins where we can apply our Resource Conversion strategy for continued long-term growth in value.