The Shale Revolution starting with Mitchell Energy in the Barnett Shale created a number of new opportunities in basins and shale plays across the country. Although production was established in the Midland Basin almost 100 years ago in Mitchell County, Grenadier recognized these new opportunities there and focused its efforts in the Midland Basin. We entered the basin in November 2016 with a joint venture development agreement with a large independent in Howard County. The original 7,000 net acre position had relatively short term expirations which had to be aggressively managed and required the drilling of our first three wells. As a result of an active drilling and leasing program and 15+ acquisitions we built our acreage position to over 20,000 acres and 19 producing horizontal wells as of July 2019.