Strong First Quarter Financial Performance
Generated $19.4 million of adjusted EBITDA and $25.5 million of operating cash flow with production at 17,900 BOE per day.
Beta Field Development Success
Recent completion of the C54 well in the D-Sand with an IP20 of approximately 800 barrels of oil per day, contributing to a 35% increase in Beta production since early 2024.
Successful Acreage Monetization
Completed three Haynesville acreage transactions generating $9.2 million in net proceeds while retaining a 10% working interest in over 30 non-operated development opportunities.
Efficient Cost Management
Deferred three development projects at Beta, resulting in capital savings of approximately $50 million to maintain strong free cash flow and healthy balance sheet.