Midland Basin
Focused on Execution, Well Performance and Capital Efficiency
2023 Operating Plan
2023 Plan Details
• 2023 net wells planned: drill 40 – 45; complete ~50
• ~11,135’ expected average lateral feet per well, including 15 wells at ≥15,000 ft lateral length
• ~33% Boe PDP decline expected (YE22 – YE23)
Best in Class Well Performance
• Continue to optimize completion design and employ simul-frac
• Average of 6 -8 well pad groups enable increased simul-frac/efficiency
• Continue to test 8 producing intervals
• 2023 completion designs expected to utilize average fluid loading of 64 Bbls/ft and 2,800 lbs/ft sand
Operating Details*
*as of December 31, 2022
