Investor Presentaiton
Combination of Premier Assets and Operations
The Must-Own
Permian Pure Play
World Class Resource
Low Cost Operations
Midland Basin Avg. 12 Month Cum. Oil Production (MBO/Well) (1)
DIAMONDBACK
ENERGY
C
Endeavor
Energy
Resources
Peer A
Peer B
161
-170
-170
167
Permian Leader
Financial Strength
Multi-Zone Co-Development strategy generates strong and consistent well
performance
Combined size and scale creates ability for longer laterals and larger pads,
mitigating parent / child degradation, maximizing resource recovery, and
improving capital efficiency
Diamondback and Endeavor employ similar development strategies as
evidenced by well spacing, zones developed, development size, zone
targeting, and completion size
Diamondback and Endeavor results have been Permian best in class
'21-'23
Peer C
Peer D
Peer E
Peer F
Peer G
Peer H
108
117
131
138
147
157
Aligned Midland Development Philosophy
Proppant Load (lbs/ft)
1,830
1,820
Fluid Intensity (bbl/ft)
47
47
Average Wells / Section
25
21
Similar development philosophy enhances integration and synergy capture timeline
Source: Enverus as of 2/9/2024.
Note: Peer group includes CIVI, COP, OVV, OXY, PR, PXD, VTLE and XOM.
8
(1) All Midland Basin wells POP since January 2022.
DIAMONDBACK
ENERGYView entire presentation