Domestic Inventory and Well Costs slide image

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 OXY
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