Home > Operations > South Texas

South Texas

FOCUSED ON EXECUTION AND RETURNS ENHANCEMENT

2022 Operating Plan

2022 Plan Details

• ~38 net wells completed and ~37 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 ~$0.25/Mcf starting July 2021 and decrease an additional ~$0.35/Mcf in mid 2023

Austin Chalk Success

• 2021 wells: payout averages ~9 months

• Delineation program of 35 wells producing as of the end of 2021 has indicated Austin Chalk inventory over a broad area

Operating Details*

*as of February 24, 2022