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South Texas

FOCUSED ON EXECUTION AND RETURNS ENHANCEMENT

Enhancing Inventory Value*

Completions Execution

• ~19 net completions planned for 2019

• 11 net completions in 2Q19

• 13 net completions YTD

• Joint development partner to complete 12 gross wells in 2H19

Austin Chalk Success

• Second Austin Chalk test well reached its 30-day peak rate of 3,200 Boe/d (>55% liquids, 3-stream)

• Two additional Austin Chalk wells planned in 2H19

Value Enhancement Through Higher Return Wells

• Progress toward optimal well design implementation

YE 2018 INVENTORY: 12 – 14 YEARS

Operating Details*

*as of June 2019