Q3 2023 Earnings Presentation

Diversified Across Top U.S. Resource Plays EAGLE FORD ANADARKO BASIN WILLISTON BASIN ☐ ☐ Validus acquisition drives year-over-year production growth in Q3 Asset is projected to generate >$1 billion of cash flow in 2023 2024 capital efficiency enhanced by higher allocation to DeWitt County Repeatable resource play with exposure to rising gas & NGL prices Capital efficiency enhanced by drilling carry with Dow (133-well program) Brought online ~50% of wells under Dow drilling carry through Q3 2023 High-margin oil resource with significant free cash flow generation High-graded drilling plans to deliver improved well productivity in 2024 Rimrock acquisition adds high-quality & multi-year inventory runway $2.5 BILLION 2023e CASH FLOW ㅁ ㅁ POWDER RIVER BASIN Scalable oil resource with 300,000 net acres in core of oil fairway Established commercial results across Converse County acreage 2023 activity designed to inform optimal spacing (testing up to 4 wells/section) | For additional results and guidance see our Q3 earnings release tables Note: Represents 2023e field-level cash flow. 20

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