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Midland Basin

Top-Tier Execution, Well Performance and Capital Efficiency

Plan execution*

Completions Execution

• ~100+ net completions planned for 2019

• 32 net completions in 2Q19

• 59 net completions planned YTD

Great New Wells

• 27 new RockStar wells reached their 30-day peak rates that averaged approximately 1,250 Boe/d (87% oil) 

• Merlin Maximus: All 25 wells across three intervals have now reached 30-day peak IP rates averaging approximately 1,400 Boe/d (86% oil)

• New Intervals: Continued encouraging results from Middle Spraberry, Wolfcamp D, and Dean test wells

Top Tier Capital Efficiency

• Drilling/completing faster, longer laterals, lower sand costs

YE 2018 INVENTORY: 12 – 16 YEARS

Operating Details*

*as of August 2019