Shepherd Energy's upstream business is focused on conventional oil and gas investments in the Permian and Anadarko Basins. We invest only in areas we have strong working knowledge and experience. Our past experience point us to these two basins where we understand the business and operational landscape.
Our strategy is built upon basin knowledge coupled with measured and conservative entrance and investing. Our strategy centers on strong financial metrics while pursuing high-quality assets, executing a measured, safe and efficient well construction program, and producing our assets in a reliable and technically strong manner centered on operational excellence. Each project is shepherded in all aspects of the business. From dealing with land and royalty owners, to interacting with service providers, our business partners, and the communities where we operate, we take the responsibility of shepherding seriously.
We apply both proven old and new technology. We don't apply new technology for the sake of doing so, rather we apply it only where it creates financial returns. We utilize technology as the business opportunities warrant such as advanced drilling rigs, new drilling steerable systems, and bit technology. Similarly we use advanced completion techniques as the resource and business economics dictate. We take these actions to expand the economic viability of these mature basins where we invest.
Our strategy is built upon basin knowledge coupled with measured and conservative entrance and investing. Our strategy centers on strong financial metrics while pursuing high-quality assets, executing a measured, safe and efficient well construction program, and producing our assets in a reliable and technically strong manner centered on operational excellence. Each project is shepherded in all aspects of the business. From dealing with land and royalty owners, to interacting with service providers, our business partners, and the communities where we operate, we take the responsibility of shepherding seriously.
We apply both proven old and new technology. We don't apply new technology for the sake of doing so, rather we apply it only where it creates financial returns. We utilize technology as the business opportunities warrant such as advanced drilling rigs, new drilling steerable systems, and bit technology. Similarly we use advanced completion techniques as the resource and business economics dictate. We take these actions to expand the economic viability of these mature basins where we invest.