Why Invest

Dedicated team of technical experts and proven acquisition model

Solid track record of driving total return to shareholders

Core oil-weighted asset portfolio

Concentrated acreage within Permian, SCOOP/STACK, DJ and Williston Basins

Strong free cash flow generation and capital efficiency

Lower risk and higher margins than E&P with no development capex or LOEs

Long-term partnerships with high-quality operators

Acreage located in 38 counties where majority of U.S. horizontal rigs are active

Significant near-term growth driven by drilled but uncompleted wells ("DUCs"), permitted wells and organic drilling inventory

Our inventory of over 10,000 horizontal wells represents more than 16 years of future development opportunities

Upside from undeveloped inventory

Additional zones and further downspacing create potential for incremental inventory as well as the opportunity to re-lease minerals and generate lease bonuses and higher royalty interests