South Texas
FOCUSED ON EXECUTION AND RETURNS ENHANCEMENT
2020 Plan Objectives
2020 REVISED PLAN
• ~11,700′ expected average lateral feet per well
• ~$7.25MM expected average well cost / DC&E costsfurther reduced to ~$620/lateral foot
• ~27% Boe PDP decline (YE19 – YE20)
Austin Chalk Success
• Briscoe G 109H, completed in the fourth quarter of 2019, continues to outperform expectations
Operating Details*
*as of April 29, 2020
