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South Texas

FOCUSED ON EXECUTION AND RETURNS ENHANCEMENT

2023 Operating Plan

2023 Plan Details

• 2023 net wells planned: drill 40 – 45; complete ~40

• ~9,800′ expected average lateral feet per well

• ~37% Boe PDP decline expected (YE22 – YE23)

Marketing Update

• Natural Gas transportation costs expected to decrease an additional ~$0.35/Mcf in mid 2023

Operating Details*

*as of March 31, 2023