Investor Presentaiton

2023 Year-to-Date CapEx Q3-23 saw an active ~$34MM in Ground Game opportunities and an uptick in AFE activity which accelerated CapEx spend. Full year CapEx revised to reflect year to date activity levels. $1,000 $800 $600 $400 $210 $230 $217 $200 $0 Q1-23A Q2-23A Q3-23A $790 - $820 $657 Q4-23E YTD Actual Revised Total Cap Ex Guidance Revisions to annual guidance reflect continued momentum in the ground game as well as elevated levels of D&C activity CapEx totals depicted exclude non-budgeted acquisitions and other Source: Company internal estimates and disclosures. Actual results may differ materially from projections. Investor Presentation November 2023 | 32 NOG

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