
Financial Performance - The company's Q2'19 Adjusted EBITDA increased by 6% year-over-year[13] - Q2'19 Adjusted EBITDA was $35 million[11] - Capital Expenditures were $35 million in Q2'19[11] - Adjusted G&A for Q2'19 was $9 million[11], with a reduced annual cash G&A run rate by $6 million[13] Production and Reserves - Year-end 2018 SEC Proved Reserves were 160 MMBoe, with 40% oil, valued at $1 Billion PV-10[5] - Q2'19 Production was 3.2 MMBoe, with 30% oil[6] - Net production in NW STACK was 309 MBoe (3.4 MBoepd), 48% oil, a 31% quarter-over-quarter increase[24] - Net production in Mississippian was 2.5 MMBoe (27.1 MBoepd), 16% oil[25] - Net production in North Park Basin was 450 MBoe (4.9 MBoepd)[15] Liquidity and Capital Structure - Liquidity as of August 2, 2019, was $225 million[6, 12] - The borrowing base was $300 million, with an elected commitment of $270 million[12] - Revolver borrowings were $57 million, and outstanding letters of credit were $8 million[12]