Investor Presentaiton

□ Diversified Across Top U.S. Resource Plays ■ ANADARKO ◉ BASIN WILLISTON BASIN EAGLE FORD NEW " ■ ☐ Repeatable resource play with exposure to rising gas & NGL prices Capital efficiency enhanced by $100 million drilling carry with Dow Columbine 3-mile development success: payback <3 months High-margin resource opportunity in economic core of the play Oil sales represent >90% of total revenue mix in Q1 Expect to commence 1st production on 15-20 new wells in 2022 Commenced 1st production on 8 wells in Q1 (avg. IP30: 3,300 BOED) New well activity drives Q1 volumes 19% higher year over year Partnership plans to bring online ~40 new wells in 2022 $3.0 BILLION 2022e CASH FLOW POWDER RIVER BASIN Emerging oil resource play with stacked-pay potential Technical teams focused on advancing Niobrara delineation efforts Minimal leasehold obligations provide capital flexibility in 2022 For additional results and guidance see our Q1 earnings release tables Note: Represents 2022 estimated field-level cash flow before G&A and taxes. 16

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