HighPeak Energy(US:HPK)2025-03-11 16:042024 Key Realizations and Improvements - Production increased by 10% from 45.6 MBoe/d in 2023 to 50.0 MBoe/d in 2024[15] - Proved Reserves increased by 29% from 154.2 MMBoe in 2023 to 199.0 MMBoe in 2024[15] - LOE decreased by 17% from $8.74/Boe in 2023 to $7.23/Boe in 2024[15] - Capex decreased by 40% from $1200 million in 2023 to $1080 million in 2024[15] - Net Acreage increased by 8% from 132,000 acres to 143,000 acres[15] 2024 Financial Highlights - FY'24 EBITDAX was $842.9 million[20] - Q4'24 EBITDAX was $179.4 million[20] - YE'24 Net Debt / 2024 EBITDAX was 1.18x[20] - Reduced long-term debt by $120 million[20] Reserves - Year-End 2024 Total Proved Reserves were 198.998 MMBoe, with 85% being liquids[22] - The PV-10 value of the total proved reserves is $3.387 billion[20, 22] - The reserves replacement ratio was 345%[25] 2025 Outlook - The company is running an average of 2 rigs[18, 37] - Average production rate is projected to be between 47.0 and 50.5 MBoe/d[37] - Total Capital Expenditures are projected to be between $448 million and $490 million[37]