Elevation Resources is a Midland-based independent energy company formed in April 2013 to focus on the acquisition and development of unconventional oil and gas resources in the Permian Basin. We are well capitalized through a $423 million line of equity from a syndicate of investors led by Pine Brook Road Partners and a borrowing base credit facility led by Wells Fargo Bank, N.A. We have acquired or leased approximately 35,000 net acres prospective for the Wolfcamp, Bone Spring, Devonian and Delaware sands.