Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Established an Audit Committee, Nominating, Governance and Environmental and Social Responsibility Committee, and Compensation Committee; Board is majority independent.

Climate Goals & Targets

Environmental Challenges

• Climate change and associated physical and financial risks (extreme weather, regulatory changes, market shifts); supply chain disruptions; competition from alternative energy sources.

Mitigation Strategies

• Hedging strategy to mitigate oil price volatility; commitment to ESG initiatives; focus on value-enhancing acquisitions and responsible capital allocation; diversification of assets and operators.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Social Achievements

• We are committed to providing a welcoming, inclusive environment for our workforce, with excellent training and career development opportunities to enable employees to thrive and achieve their career goals.

Governance Achievements

• Our Board is majority independent and composed of experienced professionals with a strong background in the energy industry and more broadly in business.

Climate Goals & Targets

Environmental Challenges

• Increased attention to ESG matters, including climate change, may impact our business and access to capital.
• Decarbonization measures and related governmental initiatives, technological advances, increased competitiveness of alternative energy sources and negative shift in market perception towards the oil and natural gas industry could reduce demand for oil and natural gas.
• Climate changes may have significant physical effects, such as increased frequency and severity of storms, freezes, floods, drought, hurricanes and other climatic events; if any of these effects were to occur, they could have an adverse effect on the operations of our operating partners, and ultimately, our business.

Mitigation Strategies

• As part of our ongoing effort to enhance our ESG practices, our Board has established the Nominating, Governance and Environmental and Social Responsibility Committee, which is charged with overseeing our ESG risks, strategies, policies, and programs in the best interests of our stakeholders.
• We enter into derivative contracts to achieve a more predictable cash flow by reducing our exposure to commodity price volatility.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• increased frequency and severity of storms, freezes, floods, drought, hurricanes and other climatic events

Transition Risks

• Decarbonization measures and related governmental initiatives, technological advances, increased competitiveness of alternative energy sources and negative shift in market perception towards the oil and natural gas industry