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anticipate moving the rig to Upton County and drilling 10-11 wells. Consistent with previously released guidance, we anticipate drilling 16 gross / 14.8 net operated wells and spudding an additional 5 gross / 3.7 net operated wells during 2021. 

Additionally, we are focused on efficiently integrating the recently acquired IRM assets into our operations. As a result of the IRM Acquisition, we added 43,400 additional net acres in the Midland Basin of which 99% is operated and 1% is non-operated, as well as adding 70 potential gross horizontal drilling locations on core acreage located in Midland and Ector counties. 

## Impairments 

We recorded impairments in 2020 as follows: 

<img src='content_image/1021989.jpg'>

(1) Impairments in unproved properties resulting from acreage deemed expired (not planned to be renewed). 

