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Investor Presentaiton

Delaware Basin - Operating Efficiencies Advance Drilling and completion efficiencies (feet per day) >85% DRILLING IMPROVEMENT 1,160 135% COMPLETION IMPROVEMENT 625 820 1,925 Field-level operating margins (per unit) 65% MARGIN GROWTH $44.59 $33.79 $32.07 $39.28 $52.99 2018 Q1 2022 2018 Q1 2022 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 STRONG TRACK RECORD OF OPERATIONAL EXCELLENCE Q1 2022 Earnings Presentation 14
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