Our properties are located in southeast New Mexico and west Texas, where we hold approximately 746,000 net acres in the economic core of the Delaware Basin — one of the largest operated positions in the play. Our development activities span multiple prolific formations, including the Wolfcamp Shale, Bone Spring and Avalon intervals, across Culberson, Reeves, Loving, Eddy and Lea Counties, among others. The Delaware Basin is our franchise asset, accounting for over half of total company production and cash flow, with more than 10 years of highly competitive drilling inventory at current development pace.
