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South Texas

FOCUSED ON EXECUTION AND RETURNS ENHANCEMENT

2020 Plan Objectives

2020 REVISED PLAN

• ~11,700′ expected average lateral feet per well

• ~$7.25MM expected average well cost / DC&E costsfurther reduced to ~$620/lateral foot

• ~27% Boe PDP decline (YE19 – YE20)

Austin Chalk Success

• Briscoe G 109H, completed in the fourth quarter of 2019, continues to outperform expectations

 

Operating Details*

*as of April 29, 2020