Q3 2023 Earnings Presentation

12-MONTH CUMULATIVE OIL VOLUMES (MBO) (NORMALIZED FOR 10,000' LATERALS) Delaware - Capital Efficiency to Improve in 2024 IMPROVING DELAWARE WELL PRODUCTIVITY 225 UP TO 180 135 90 45 10% IMPROVEMENT 2024e Projection 2023 Results 0 T 2 3 4 5 6 7 8 9 10 11 12 Q3 2023 Earnings Presentation KEY DRIVERS OF IMPROVEMENT Higher allocation towards core of the play in New Mexico Wolfcamp focused program with less appraisal requirements Infrastructure progressing to support optimized development plan 18

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