OXYCHEM Market Analysis and Guidance

DJ BASIN WELL PRODUCTIVITY Data-driven well design and operational expertise drive continuous improvement and value 1 Year Cumulative Improvement 2015-2016 to 2022: +56% WELL DESIGN DRIVING MAJOR PRODUCTIVITY GAINS Cumulative Mboe 200 180 160 140 120 100 288 2023 Wedge Wells • Achieved new 30-day operated IP record on Gaddis 36-4HZ ~1,900 bod/~2,800 boed 6 80 60 2017-2021 to 2022: +25% 40 2022 to 2023: +79% 20 0 0 30 60 90 120 150 180 210 240 270 300 330 360 Days -2015-2016 -2017-2021 2022 -2023 12023 WEDGE CONSISTS OF 25 WELLS WITH SOME UNBOUNDED WELLS OXY

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