text: *In 2014, the Company continued to simplify its portfolio by*
  *divesting its non-core lower-working interest remaining assets*
  *in the DJ Basin and Bakken. The Company’s 2014 drilling and*
  *completions were primarily focused in the Eagle Ford and*
  *Greater Anadarko (Mississippian and Woodford Formations).*
  OPERATIONS OVERVIEW 
  
  The Company had record production of 2.4 MMBOE (6,635 BOEPD) in 2014; a 1.3 
  MMBOE (120 percent) increase compared to 1.2 MMBOE (3,015 BOEPD) in 2013. 
  The Company’s 2014 exit rate was 9,434 BOEPD, above the Company’s guidance exit 
  
  rate of 8,000 – 9,000 BOEPD. Despite the DJ and Bakken dispositions 
  (approximately 1,181 BOEPD at time of dispositions), the Company’s 
  production has increased at a 173 percent compounded annual 
  growth rate (CAGR) during the two year 2013 – 2014 period. 
  
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  C A G R 
  
  As a result of its robust 2014 drilling and completions program ($324.0 
  million), the Company brought on a total of 35 gross (26.1 net) in the 
  Eagle Ford and 40 gross (16.6 net) Greater Anadarko. In addition, the 
  Company had 19 gross (10.6 net) and 5 gross (3.1 net) Eagle Ford 
  and Greater Anadarko wells in progress, respectively, at year-end. The 
  Company also invested approximately $75.0 million in direct mineral leases and acreage 
  acquisitions in the Eagle Ford, which increased its net acreage position by 12,640 net 
  acres to 20,742 in the Eagle Ford and 5,418 in neighboring Maverick County. 