Core Viewpoint - The company is strategically focusing on balance sheet strength by reducing production during low gas price periods, resulting in a 14% year-over-year production decline [1] Production and Reserves - The company successfully replaced 229% of its production through drilling, adding 1.1 trillion cubic feet equivalent (Tcfe) of proved reserves at a finding cost of $1.02 per thousand cubic feet equivalent (Mcfe) [1] Asset Management - Divestitures of legacy Cotton Valley and Shelby Trough assets for $445 million were executed to reduce debt and redirect capital towards higher-growth opportunities in the Western Haynesville [1] Resource Potential - The Western Haynesville is being positioned as a distinct new basin with an estimated resource potential of 99 trillion cubic feet (Tcf), significantly higher than legacy Haynesville sections due to greater pay thickness and pressure [1] Operational Challenges - Operational challenges in Q4 included drilling within the Visonia Gas Storage Field and executing complex horseshoe laterals, leading to temporary increases in drilling costs and lower footage per day [1] Strategic Focus - The company's future strategy emphasizes becoming a pure-play natural gas provider located near primary demand centers for LNG exports and AI data centers [1]