1Q23 Earnings and Operations Update slide image

1Q23 Earnings and Operations Update

. DEN Competitive Advantage - CO2 Transport • >1,300 miles of existing DEN CO2 pipelines • • (approximately 25% (1) of existing U.S. total) - - Specifically built for purpose of moving CO2 High efficiency and flexibility through supercritical operating pressure (ANSI 900) Transport capacity of current network and future planned expansions ~150 Mmtpa - Capacity expansions of existing pipelines through pump stations and line looping in heavy emissions areas. - Future extensions of major DEN pipelines along Texas Gulf Coast, to New Orleans and SW Alabama Unparalleled redundancy and reliability for industrial customers - Proven reliability over 20+ years of operation; - nearly 100% uptime - CO2 fungibility to balance entire system between multiple emissions sources and offtake locations to EOR / sequestration Note: Picture highlights 2021 installation of CCA CO2 pipeline in Rocky Mountain region (1) Per 2021 National Petroleum Council Report, Meeting the Dual Challenge Denbury Inc. 25
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