In July 2018, Own Resources acquired its first asset in the shallow Niobrara in and around Wray, Colorado. Since then, we have more than tripled our scale and deepened our midstream integration through several subsequent acquisitions in Colorado and Kansas.

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The asset is an excellent fit with our late-life strategy. The asset has high working interest, around 34 MMcfd gross daily production from 3,500+ shallow wells, and integrated midstream position have allowed us to capture significant upside through our approach of revitalizing late-life assets.