Produces and sells crude oil and natural gas to refining and midstream companies, and acquires and manages mineral interests.
10-K for FY2025, filed Feb 23, 2026We are an independent crude oil and natural gas company formed in 1967 engaged in the exploration, development, management, and production…View ↗
We sell most of our operated crude oil production to crude oil refining companies or midstream marketing companies at major market centers.…View ↗
We sell most of our operated natural gas and natural gas liquids production to midstream customers at our lease locations based on market…View ↗
Customers pay for crude oil and natural gas when the products are delivered; proceeds from operated sales generally arrive within one month after the sale. For non-operated production, proceeds generally arrive within two to three months.
10-K for FY2025, filed Feb 23, 2026Operated crude oil revenues – The Company pays third parties to transport the majority of its operated crude oil production from lease…View ↗
Operated natural gas revenues – The Company sells a substantial majority of its operated natural gas production to midstream customers at…View ↗
Non-operated crude oil, natural gas, and NGL revenues – The Company’s proportionate share of production from non-operated properties is…View ↗
10-K for FY2025, filed Feb 23, 2026
FY2025 revenue by product or service (Crude oil and natural gas sales) ↗$7.7B
10-K for FY2025, filed Feb 23, 2026
$7.7B ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Crude Oil Sales
Sold outright
10-K for FY2025, filed Feb 23, 2026 |
83%
FY2022: 69%
|
Crude Oil Sales, FY2025
$5.8B Sources
|
Sold outright |
|
Natural gas sales
Sold outright
10-K for FY2025, filed Feb 23, 2026 |
17%
FY2022: 31%
|
Natural gas sales, FY2025
$1.2B Sources
|
Sold outright |
Refining companies and midstream marketers buy most operated crude oil; midstream customers buy most operated gas and liquids at lease locations. Some crude oil sells at the lease, and the company can sell processed gas and liquids downstream; operators market production from non-operated properties.
10-K for FY2025, filed Feb 23, 2026
Yes. It kept 27 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Feb 23, 2026
10-Q for Q2 FY2026, filed Jul 31, 2026
$985.8MView ↗
10-Q for Q2 FY2026, filed Jul 31, 2026
Open tableView ↗
Growing. Revenue grew 35% in 4 years, from $5.7B in FY2021 to $7.7B in FY2025, about 8% a year.
Argentina assets
The older report centered its description on U.S. basins; the latest adds assets in Argentina's Neuquén Basin, with no production or revenue at filing.
10-K for FY2022, filed Feb 22, 2023 10-K for FY2025, filed Feb 23, 2026We are an independent crude oil and natural gas company formed in 1967 engaged in the exploration, development, management, and production…View ↗
We are an independent crude oil and natural gas company formed in 1967 engaged in the exploration, development, management, and production…View ↗
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