Investor Presentaiton
DELIVERING STEP-CHANGE IN PERMIAN PERFORMANCE
Significant capital and operating cost reductions driven by efficiency and performance gains
Multi-well pad corridor design provides:
DAILY DRILLING LATERAL FEET1
COMPLETIONS EFFICIENCY²
-
120% improvement
>75% improvement
200%
200%
100%
100%
0%
0%
2019
2020
2021
2019
2020
2021
DRILLING AND COMPLETIONS COST³
LEASE AND OPERATING EXPENSES4
>35% improvement
>35% improvement
100%
100%
50%
50%
―
-
-
Advantaged drilling and completion costs
More efficient utilization of surface facilities
Lower operating and maintenance cost
Higher reliability
Among industry leaders in drilling and completions efficiency
Drilled 1.5 mile well in less than 6.5 days
Completed ~5,300 lateral feet of hydraulic fracturing in one day
Significant operations cost reductions driven by efficiency and
performance gains
―
Reduced unit lease operating expenses by >35% since 2019
Delivering on Permian net-zero emissions plans5
0%
0%
2019
2020
2021
2019
2020
2021
Data indexed to 2019.
See Supplemental Information for footnotes.
Electrified 100% of drilling rigs
-
Reduced absolute flare volumes by >75% since 2019
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