South Texas
FOCUSED ON EXECUTION AND RETURNS ENHANCEMENT
2022 Operating Plan
2022 Plan Details
• ~43 net wells completed and ~42 net wells drilled
• ~11,000′ expected average lateral feet per well
• ~38% Boe PDP decline expected (YE21 – YE22)
Marketing Update
• Transportation costs expected to decrease an additional ~$0.35/Mcf in mid 2023
Austin Chalk Success
• New condensate export facility on-line in North Briscoe to handle increased liquids production
• Delineation & development program of 54 wells producing, that have reached peak IP30, as of September 30, 2022, has indicated Austin Chalk inventory over a broad area
Operating Details*
*as of September 30, 2022
