Q3 2023 Earnings Presentation

Upcoming Quarterly Production Cadence Temporary 4th frac crew in the Delaware was dropped mid-year to replenish DUC inventory ■ Lower activity will result in production declines for Q4 2023 & Q1 2024 Adding 4th crew back in Q1 driving oil growth over remainder of 2024 OIL PRODUCTION (MBOD) 300 250 200 150 | Q3 2023 Earnings Presentation Dropped to 3 Frac Crews in Delaware 321 ~315 Adding 4th Frac Crew in Delaware ~315 100 Q3 2023 Q4 2023e Q1 2024e Q2-Q4 2024e FY 2024e Avg. 10

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