Investor Presentaiton
Q2 23 Operations Highlights
Organic activity up 35% year over year. Wells-in-process at record highs. Scale driving organic growth.
AFES
$1.4B (gross) in AFEs
90% consent rate, in line
with historical consent rate
Over 140 wells evaluated
9.4 net wells consented
Weighted toward the
Williston in Q2 23 with
~70% of gross AFES
Wells in Process
Drilling & Completions list
grew nearly 15%
sequentially
Organic activity accounted
for ~60% of adds
The Permian accounts for
~50% of net wells in our
oil-weighted basins
New drilling activity in
Marcellus
Well Completions
Net turn-in-lines were up
5% sequentially and >35%
year over year
Organic adds were split
roughly even between the
Williston and Permian
Development cadence
expected to boost 2024
capital efficiency
Investor Presentation September 2023 | 11 NOGView entire presentation