Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Changed from "assets" to "we acquire," emphasizing performance uncertainty post-acquisition.
  • Added risks associated with non-operated wells, impacting future sales volume and financial metrics.
  • Added "a pending transaction" with potential significant impact on operations and financial results.
  • Increased debt retirement plan to reduce absolute debt to $3.5 billion by the end of 2023.
  • Expanded assessment to include "other assets," increasing due diligence complexity and potential risks.
  • Enhanced disclosures on climate change effects, potential physical damage, and operational disruptions.
  • Introduction of methane emissions regulations impacting operations and costs.
  • Potential impact of new tax laws on tax incentives for oil and gas exploration companies.
  • Increased focus on ESG factors affecting investor sentiment and access to capital.
  • Risks associated with joint venture arrangements limiting operational flexibility and increasing uncertainties.

Full Text Changes in Most Recent 10-K

Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.

To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=33213&owner=exclude

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