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Investor Presentaiton

PERMIAN BASIN OVERVIEW Production Growth Resumed in 2H17 Production & Rig Count Mboe/d Avg Rig Count 177 171 165 159 161 149 148 146 New Mexico 4 2 17 17 16 13 7 6 4 5 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 4Q17 Production Mix Delaware Basin 23% CBP/NW Shelf 32% Apache Midland Basin 45% 1.6 MM Net Acres in the Permian Basin 6
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