Reports Q2 revenue $476.37, consensus $472.88M. “Our team continues to deliver strong results as our optimized development strategy enhances well productivity on acquired properties,” stated Jason Pigott, President and Chief Executive Officer. “In addition to achieving record quarterly production, we are organically adding low-breakeven inventory locations across our leasehold as we successfully implement the technology to drill long-lateral horseshoe wells. Combined with our strategic acquisition of the assets of Point, we have increased our inventory of estimated sub-$50 per barrel WTI breakeven inventory to 395 locations.”
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