Q3 2023 Earnings Presentation

Delaware Basin - High-Impact Results in Q3 HIGH-IMPACT WOLFCAMP "A" PROJECT 4,600 BOED AVG. IP30 RATES/WELL Eddy TODD New Mexico Bora Bora (10,000' laterals) 9 Wolfcamp wells (60% oil) Q3 2023 Earnings Presentation ADDING VALUE WITH ACREAGE TRADES 4,100 BOED AVG. IP30 RATES/WELL Eddy CBR 17 (10,200' laterals) 8 Wolfcamp wells (49% oil) Acreage trade allowed for 2-mile laterals Lea New Mexico STATELINE Reeves CO-DEVELOPING WOLFCAMP "A" & "B" 3,200 BOED AVG. IP30 RATES/WELL COTTON DRAW Haflinger (9,900' laterals) 8 Wolfcamp wells (52% oil) Rates constrained by facility capacity Eddy Lea Loving Texas Lea New Mexico 16

View entire presentation