Investor Presentaiton

Realized Price ($/Mcf) 2021 Natural Gas Hedges $4.00 Two-Way Costless Collar $3.50 $3.00 Long Put $2.50 $2.50 $2.00 $1.50 Realized $2.50 $1.00 $1.00 $1.50 $2.00 OXY Short Call $3.64 Realized NYMEX HH Realized $3.64 $2.50 $3.00 $3.50 $4.00 $4.50 NYMEX HH Natural Gas ($/Mcf) $5.00 Secures Natural Gas Price Floor of $2.50 For 530 MMcfd 530 MMcfd Hedge Details Summary 2021 2021 Settlement Natural Gas collar (millions of MMBtu) Average price per MMBtu (NYMEX) Ceiling sold price (call) Floor purchase price (put) Note: As of 12/31/2020; contracts written in MMBtu and assumes a 1 MMBtu = 1 Mcf conversion; settlement price based on VWAP of contracts 177.0 $3.64 $2.50 20

View entire presentation