Debt ReductionThe company significantly reduced its debt level, increasing returns to shareholders to 60% of FCF.
Financial PerformanceThe 2025 budget should continue to excite investors, with less capex, higher production, and lower operating costs than expected.
Operational EfficiencyWith new infrastructure spending, TVE expects to save ~$0.25-$0.50/boe in carbon-related tax, along with other operational cost savings.