1Q23 Earnings and Operations Update slide image

1Q23 Earnings and Operations Update

2023 CCUS Goals Continue to Capture CO2 Emissions Market Secure additional agreements in 2023 from both brownfield and greenfield projects • Cumulative agreements at the end of 2023 to total in excess of 30 Mmtpa • Expand Dedicated Storage Portfolio Plans to secure additional CO2 storage sites in strategic locations; potentially new markets Expand existing sequestration sites with nearby leasing • • Enhance CCUS Partnerships Invest in multiple carbon capture technology companies Continue to assess JV/strategic relationships to expand CCUS opportunities • Advance Class VI Permitting and Ready for Injection Submit Class VI permits on 4 additional dedicated CO2 storage sites ⚫ Drill at least 2 stratigraphic test wells to support Class VI injection Denbury Inc. 16
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