Investor Presentaiton

MANAGING WAHA EXPOSURE ■ Basis hedges Average of 156 MMBtu/d swapped at average of $0.51 for 1/1/18 through 6/30/19 ■Firm transport to Gulf Coast Atmos to Katy Hub ➤ GCX to Aqua Dulce (projected in-service October 2019) ■ Marketing ➤ Contracting at Alpine High interconnects using non-Waha pricing Apache 21

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