The Cordillera strategy is centered around value creation for its shareholders through the profitable, repeatable, and geographically centered search for Natural Gas and Oil Resources.
FOCUS
- Core areas with concentrated assets
- Opportunities for organic growth and acquisition growth
- Long life gas reserves in active plays and basins
- High-margin, repeatable plays driven by good geology and engineering, high margins, and strong upside
- Growth in production, cash flow, and reserves
- Focus Areas: Mid-Continent, East Texas Basin, Marcellus Shale Play
PEOPLE & CULTURE
- A culture of opportunistic, performance-driven, and goal-oriented employees/partners
- A team of sprinters, not marathoners
- Experts in core areas by fine tuning the geologic/engineering model
- Creative and adaptive to an always changing environment
- Deliberate and selective – Building a team of “A” players
- Develop a strong plan; execute on the plan; stay focused and do it again and again
- Dedicated to value creation with a sense of urgency
ORGANIC ORIENTED GROWTH
- Become the lessee of choice in each core area by doing what we said we’d do—be good stewards of the land and create value for our shareholders, landowners, royalty owners and communities in which we work
- Build concentrated areas of leasehold to pursue a multi-rig drilling program to maximize efficiency and lessen delays in production and reserve growth
- Emphasize geographic areas with quality production and reserve targets
- Strive for win-win negotiations with landowners and surface owners to maximize the benefit to each party while mitigating the impact of our operations on the environment
ACQUIRE & EXPLOIT ORIENTED GROWTH
- Aggressively pursue the purchase of producing properties in our core areas where we can capture additional upside opportunities, acquire additional leasehold, lower costs, and increase production and cash flow
- Make more contacts, build more relationships, deliver results, make more deals
- Pursue unsolicited and pre-emptive offers on assets that we can be an aggressive buyer
- Evaluate and pursue only those competitive transactions where we have a distinctive competence which will make us the most competitive buyer
- Be efficient and effective at multiple evaluations
- Stay in the market at all times as a buyer and seller
- Achieve critical mass in each core area through consistent growth in reserves, production, and cash flow
- Aggressively exploit upside opportunities
FINANCIAL FLEXIBILITY
- Seek strong, flexible, patient and market-savvy equity partners
- Preserve enough capital to weather dramatic changes in commodity prices
- Maintain a strong relationship with commercial banks to utilize debt as a meaningful, but fiscally prudent, part of the capital structure
- Seek hedging opportunities that help to secure capital expenditures on drilling and underpin acquisition economics
THE FRANCHISE CONCEPT
- Build great asset bases with strong production, cash flow, and upside opportunities
- Gain critical mass within 48 to 60 months and pursue the sale of assets to growth oriented, quality focused exploration and production enterprises
- Grow the next enterprise in the same geographic region with the same technical expertise
- Become the top consolidator of a large resource base characterized by, focused, geographically concentrated, technically delineated, high-quality assets with strong production and cash flow, and enormous growth potential of undeveloped reserves