Investor Presentation June 2023
Building a Position of Scale In the Permian
NOG's position is diversified across top operators and positions in the Permian
Permian Net Acres (1)
17,616
29,758
Permian Net Production MBoe/d(1)(2)
NOG Top Permian Operators (3)
Forge
22.7
3,462
285
2020
2021
2022
Current
1) Pro Forma for Forge acquisition.
2) Annual production metrics represent fourth quarter for respective year; current represents 3/31/23.
5.2
~34.0
Forge
Selected
Other Top
Operators
Matador
Chevron
CALLON
ConocoPhillips
devon
OXY
MEWBOURNE
OIL COMPANY
28%
28%
COTERRA
ED
DIAMONDBACK
ENERGY
Marathon Oil
~34.0
MBoe/d
30.6
EARTHSTONE
Energy Inc.
5%
5%
14%
5%
PERMIAN
RESOURCES
6%
DEEP
ROCK
Seog
10%
SM
Vital
ENERGY
Energy
0.2
2020
2021
2022
Current
3) Represents top Permian operators by production as of 3/31/23. Pro Forma, Vital would approximately represent NOG's fourth largest operator by production.
Investor Presentation June 2023 | 14 NOGView entire presentation