Midland Basin
Focused on Execution and Return Enhancement
2022 Operating Plan
2022 Plan Details
• ~40 net wells completed and ~55 net wells drilled
• ~12,360’ expected average lateral feet per well
• ~38% Boe PDP decline expected (YE21 – YE22)
Best in Class Well Performance
• New completion design expected to drive higher EUR and NAV per well
• 2022-2023 drilling program expected breakeven flat pricing of $16 – $45/Bbl NYMX
• 2022 completion designs expected to utilize average fluid loading of 60 Bbls/ft and 2,800 lbs/ft sand
Operating Details*
*as of February 24, 2022.
