FINANCIAL HIGHLIGHTS
PRODUCTION
2015
2016
2017
2018E
- CRUDE OIL
- NATURAL GAS
- NATURAL GAS LIQUIDS
Production is expected to grow by approximately 10% in 2018; pro forma for A&D activity, it should be up more than 30%.
PRODUCTION BY BASIN
2015
2016
2017
2018E
- EAGLE FORD
- DELAWARE BASIN
- DJ BASIN
- APPALACHIA
As the Delaware Basin is expected to grow at a faster rate than the Eagle Ford Shale, it should account for a greater percentage of total production in 2018.
TOTAL PRODUCTION (MBoe/d)
2017 total production increased to 53.8 MBoe/d, an increase of 27% versus 2016 thanks to acquisitions in the Eagle Ford Shale and Delaware Basin, as well as strong growth from each play.
CRUDE OIL PRODUCTION (MBbls/d)
2017 crude oil production increased to 34.4 MBbls/d, up 34% versus 2016, a faster growth rate than seen in total production given the focus on oily plays.
TOTAL PROVED RESERVES (MMBoe)
2017 total reserve replacement was 564% at an all-sources FD&A cost of $13.47/Boe.
PROVED OIL RESERVES (MMBbls)
Delaware Basin bookings drove a more than 30% increase in proved oil reserves during 2017.