Investor Presentaiton
Delaware Basin - Our Franchise Growth Asset
HIGH-MARGIN GROWTH
+27%
VS. Q1 2021
MBOED
394
310
Q1 2021
374
2021
PROLIFIC UPPER
WOLFCAMP DEVELOPMENT
Marwari (10,200' laterals)
4 Wolfcamp wells
Avg. IP30: 4,000 BOED/well
Eddy
New Mexico
Texas
Loving
Q1 2022
STRONG BONE SPRING
RESULTS IN STATELINE
CBR 16 (10,400' laterals)
Executing on our disciplined capital plan
14-rig program focused on low-risk developments
Brought online 52 high-impact wells in Q1
ā
Balanced across Avalon, Bone Spring & Wolfcamp zones
Q1 2022 Earnings Presentation
ā
4 Bone Spring wells
Avg. IP30: 3,500 BOED/well
Reeves
HIGH-RETURN
AVALON DEVELOPMENT
Bell Lake (4,600' laterals)
"
6 Avalon Shale wells
Avg. IP30: 2,700 BOED/well
Lea
Winkler
WORLD-CLASS POSITION
400,000 NET ACRES
Ward
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