Investor Presentaiton

Proactively Managing Natural Gas Pricing and Transportation ✓ Advantaged Pricing Flow Assurance Hedge Protection Integrated Midstream Partners Ample Processing Capacity Proactive Management • Entered into a revised midstream contract in September to sell a significant portion of residue natural gas at Houston Ship Channel pricing Provides additional flow assurance and reduced exposure to Waha regional prices No minimum volume commitments Natural Gas Takeaway and Pricing Overview • Significant portion of PR's natural gas production is expected to receive Gulf Coast pricing in FY 2023 • Incremental protection provided through hedges • - ~67,500 MMBtu/d fully hedged (Henry Hub + Waha Basis) in FY 2023 Anticipate that -33% of 2023 residue gas volumes to be exposed to Waha prices Partners with some of the largest midstream providers in the basin to ensure reliable takeaway to end-markets - Significant long-term relationships in place with Enterprise, Kinetik and Targa PR FY 2023E Residue Gas Price Exposure Expect -33% of FY 2023 residue gas volumes to be exposed to Waha prices Houston Ship Channel Fully Hedged Waha Gas Spot Waha Gas 10 10

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