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      "text": "Management Team\nConservative Management Team with a Proven History of Value Creation",
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      "text": "Top Basins / Long Inventory Life\nDelaware Basin and Midland Basin asset base with ~13 years of high quality inventory life",
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      "text": "Committed to Low Leverage\nModerate increase to ~1.1x leverage counterbalanced by targeted sub-1.0x leverage within 12 months²",
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      "text": "Strategic Consolidator\nEight acquisitions since early 2021 increased production by >7.5x and improved cost and operating efficiencies",
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      "text": "Returns Focused\nModest cash flow needed to maintain production levels, creates robust free cash flow generation¹",
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      "text": "Earthstone's Differentiating Factors",
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