Investor Presentaiton

Cap Ex Actual Spend and Expectations for 2023 Ground Game highly active in Q2 with 13 acquisitions. Cap ex for 2H-23 should be equally weighted by quarter. $800 $600 Approximately 60% of total initial budget $400 $212 $200 $233 $445 $764 - $800 $0 Q1-23A Q2 - 23A Q3 - 23E Q4 - 23E YTD Actual Revised Total Cap Ex Guidance Assumptions . Company expects total cap ex budget to be front half 2023 weighted; with ~60% of the initial guidance midpoint spend in the first half of 2023 with the remainder equally split between Q3 and Q4. Source: Company internal estimates and disclosures. Actual results may differ materially from projections. Investor Presentation September 2023 | 35 NOG

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