Midland Basin
Focused on Execution and Return Enhancement
2021 Operating Plan
2021 Plan Details
• 3Q21: 24 net wells completed and 14 net wells drilled
• YTD 3Q21: 78 net wells completed and 38 net wells drilled; full year expectation of 82 net wells completed and 48 net wells drilled
• ~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 $12 – $31/Bbl NYMEX
Leading Edge Capital Costs
• 2010 expected DC&E costs: ~$520/lateral foot
Operating Details*
*as of November 1, 2021.
