Investor Presentaiton

ALPINE HIGH: UPSTREAM Developing a World-Class Wet Gas Play Unprecedented hydrocarbon column up to 6,000 ft. Vertically stacked oil, wet gas and dry gas fairways Scale ~340,000 contiguous leasehold acres Execution 5,000+ locations identified to date Large operated position / economies of scale Strategically positioned to deliver NGLs and gas in scale to the Gulf Coast Achieved key production milestones and targets Economics Highly economic wet gas play; proven oil upside Liquids uplift combined with low F&D and operating costs strong recycle ratios Apache CULBERSON JEFF DAVIS REEVES Alpine High 9

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