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Midland Basin

Focused on Execution, Well Performance and Capital Efficiency

2022 Operating Plan

2022 Plan Details

• Complete ~38 net wells and Drill ~56 net wells

• ~12,360’ expected average lateral feet per well

• ~38% Boe PDP decline expected (YE21 – YE22)

Best in Class Well Performance

• New completion design driving higher EUR and NAV per well

• Continue to test 8 prospective intervals

• 2022 completion designs expected to utilize average fluid loading of 60 Bbls/ft and 2,800 lbs/ft sand

Operating Details*

*as of June 30, 2022 | 2nd completion crew running June – September 2022.