Midland Basin
Top-Tier Execution, Well Performance and Capital Efficiency
2021 Plan Objectives
2021 REVISED PLAN
• ~72 net completions and ~55 net drilled wells planned
• ~11,300′ expected average lateral feet per well
• ~45% Boe PDP decline expected (YE20 – YE21)
BEST IN CLASS WELL PERFORMANCE
• 2021 – 2022 drilling program expected breakeven flat pricing of $16 – $31/Bbl NYMEX
LEADING EDGE CAPITAL COSTS
• Expected DC&E costs further reduced to less than $560/lateral foot
Operating Details*
*as of February 17, 2021.
