Domestic Inventory and Well Costs
DOMESTIC
INVENTORY
AND WELL
COSTS
Depth of low-breakeven
inventory demonstrates
quality and quantity of
Oxy's domestic portfolio
Superior execution and
Total Gross Operated Locations
Domestic Onshore Operated Inventory
7,000
25
6,079
6,000
5,000
4,000
3,000
2,000
1,599
1,000
4,399
Breakeven <$30
Breakeven <$40
Permian Resources
Rockies
Domestic Onshore 10,000' Well Costs
innovative designs
$11.2
Delaware Basin
increase capital
$8.8
efficiency while lowering
well costs
2019
2021
Midland Basin
$9.6
20191
$5.9
2021
Breakeven <$50
DJ Basin
$3.7
$2.7
2019
2021
â– Drilling Completion Hookup & Lift
NOTE: BREAKEVEN DEFINED AS POSITIVE NPV 10, WELL COSTS USED IN ANALYSIS INCLUDE DRILLING, COMPLETION,
HOOK-UP AND FIRST LIFT
MIDLAND DATA IS COMBINED 2018 AND 2019 DUE TO SMALL SAMPLE SIZE (3) IN 2019
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