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South Texas

FOCUSED ON EXECUTION AND RETURNS ENHANCEMENT

Enhancing Inventory Value*

Completions Execution

• ~18 net completions planned for 2019

• 2 net completions in 1Q19

• 14 net completions planned for 2Q19

Austin Chalk Success

• Second Austin Chalk test well with peak IP-24 rate of more than 3,500 Boe/d (>55% liquids, 3-stream)

Value Enhancement Through Higher Return Wells

• Progress toward optimal well design implementation

YE 2018 INVENTORY: 12 – 14 YEARS

Operating Details*

*as of June 2019