Maverick's personnel performing safety inspections and checks of oil tanks

Operations

Developing Resources Efficiently and Sustainably

Maverick excels at maximizing the operational efficiency of its oil and gas properties through new technology and a company-wide entrepreneurial, value-add mindset.

Maverick has a consistent track record of developing high-quality assets to best-in-class—applying automation and implementing the Transformation process to reduce costs, increase production and improve environmental performance.

Maverick’s success in optimizing existing inventory has positioned the company to experience significant growth. Not only has Maverick undertaken sizable acquisitions of attractive producing assets in top-tier resource plays, but it is also undergoing organic growth through drilling.

Portfolio Highlights

  • Robust, low-decline proved developed producing (PDP) base
  • Geographically diverse, predictable production profile
  • Actionable capital development opportunities
  • Emphasis on capital-efficient cash-flow improvement

Core Operating Strategies

Efficient Operations Through Cost Transformation and Technology

Maverick deploys modern hardware and analytics to mature wells to achieve best-in-class costs and optimization.

Environmental, Social and Governance (ESG) Practices

Maverick leads among its peers in the application of automation and monitoring of producing fields to achieve substantial safety improvements and greenhouse gas (GHG) emissions reduction.

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Innovation

Maverick is never bound by the status quo. Unafraid to question existing processes, Maverick employees are given the freedom to test ideas and take calculated risks to find solutions that make Maverick better.

Transformation

Maverick drives immediate step-change improvements with Transformation. In a matter of weeks, assets are transformed through a structured and fact-based practice that aligns the organization to Maverick’s objectives.

Key Operating Assets

Maverick’s core assets are centralized in the hydrocarbon-rich plays of Texas and Oklahoma. Fueled by strong base production and stable free cash flow, Maverick furthers production capabilities and explores development opportunities.

Leveraging Technology

Maverick uses a combination of traditional and emerging technologies to maximize production, reduce costs, streamline compliance reporting and improve safety and environmental performance:

  • State-of-the-art SCADA systems are customized for Maverick’s operations, enabling 24/7 remote monitoring at centralized operations centers
  • Edge and Cloud computing ensure centralized data is readily available in the field, allowing for quick, informed decision making without having to be connected to the broader system
  • Automation, artificial intelligence and machine learning enable nimble production optimization

Diverse Asset Base

Maverick produces hydrocarbons from onshore basins throughout the United States, with the majority of its operations centralized in Texas and Oklahoma. Its diversified portfolio produces a balanced mix of liquids and natural gas.

Key operating assets are based in the Western Anadarko Basin, the Permian Basin and the Ark-La-Tex region of East Texas. Approximately 90% of Maverick’s production originates from activity in these three areas.

Maverick’s portfolio also includes valuable interests in Florida and the Rocky Mountains.

Highlights

Daily Production

77
MBoe/d

Approximately 90% of production is located in Oklahoma, Texas, New Mexico and Louisiana

Net Developed Acreage

1.2
MM acres

Gross developed acreage totals 1.6 million acres

Wells Operated

~8,000

Approximately 83% of reserves lie in Oklahoma, Texas, New Mexico and Louisiana

Product Mix

50
%liquids

Natural gas accounts for half of all production, with oil (30%) and NGLs (20%) sharing the other half