OXYCHEM Market Analysis and Guidance
DOMESTIC
INVENTORY &
INNOVATION
Depth of low-breakeven
inventory demonstrates quality
and quantity of Oxy's domestic
unconventional portfolio
Superior execution and
innovative designs enable
more efficient access to
hydrocarbons
Continuous improvement of
acreage position enhances
future development opportunity
Increased lateral length 4%
from 2021 inventory to an
average of 10,000'
Total Gross Operated Locations
Domestic Onshore Operated Inventory
8,000
26
6,885
6,000
4,000
2,000
1,321
3,812
5,592
Breakeven <$30
Breakeven <$40
Permian Unconventional
Breakeven <$50
Rockies
Breakeven <$60
Reeves Co. Acreage Trades
Oxy Tie-To-Production (TTP)
Oxy-developed proprietary workflow to
optimize subsurface design driving higher
oil productivity and lower water-cuts
Oxy TTP used to customize frac designs,
well spacing, and landing points while also
mitigating parent/child interference
Workflow has resulted in maturation of
appraisal inventory and contributed to
record well results
TAP RR CO
BLK ST
OLKST T
TEP RR CO
BLX 57 T2
OLK
TSPR CO
BLK SETI
T&P RR CO
BLK 5013
Continually optimizing
acreage position to
lengthen laterals,
centralize infrastructure,
and increase value
LEGEND
POST-TRADE 1 DSU
POST-TRADE 2 DSU
OXY OPERATED
COUNTERPARTY
OPERATED
NOTE: BREAKEVEN DEFINED AS POSITIVE NPV 10, WELL COSTS USED IN ANALYSIS BASED ON 2022 BUDGET AND INCLUDE
DRILLING, COMPLETION, HOOK-UP AND FIRST LIFT; INVENTORY DATA AS OF 4Q22 EARNINGS PRESENTATION
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