Ranger Acquisition Adds Quality Eagle Ford Scale
U.S. LIGHT OIL: EAGLE FORD
Building a Strong Operating Platform
Materially Increased Scale in a Premier Basin
92,000
boe/d
Pro Forma production
Bexar
QUADALUPE
Guadalupe
Eagle Ford Pro Forma
267,112 gross acres, 68% average working interest
92,000 boe/d of production (82% liquids), 70% operated
Lowered cash cost structure, improved operating netbacks
and margins
Increased exposure to premium light oil U.S. Gulf
Coast pricing
Expect to bring 24 operated wells and 8 non-operated
wells to sales in H2/2023
San Antonio
WILSON
Wilson
KARNES TROUGH
Atascosa
KARNES
Karnes
McMullen
Live Oak
Bee
Austin
CALDWELL
Caldwell
OPERATED
GONZALES
0
5
10
Bastrop
FAYETTE
Fayette
Lee
Gonzales
Lavaca
LAVACA
GOLIAD
20 Miles
H
DEWITT
Goliad
DeWitt
BAYTEX ENERGY NYSE/TSX BTE
VICTORIA
Refugio
Jackson
oria
Victoria
Calhoun
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