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Investor Presentaiton

D&C List Surging - Momentum Building for 2H and 2024 NOG's oil-weighted wells-in-process (D&C) list is at record levels, and the Company's recent investment cycle is poised to convert into production and cash flow in the coming quarters. Diversity of regions remains important. Basin Share 100% 75% 50% 25% 0% Q1 Q2 2020 55.0 45.0 35.0 25.0 15.0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2021 2022 2023 Permian Williston D&C List (Oil-Weighted Basins) Net D&C Wells Investor Presentation September 2023 | 12 NOG

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