Q3 2023 Earnings Presentation
Catalysts Driving Improved Outlook
CONCENTRATING INVESTMENT IN THE DELAWARE
Activity to focus on multizone Wolfcamp projects in core of play
Infrastructure buildout progressing to ease constraints in 2024
HIGH-GRADING ACTIVITY ACROSS OTHER KEY ASSETS
Williston Basin capital activity to reduce by 50% (vs. 2023)
Eagle Ford to reduce appraisal & increase activity in DeWitt County
IMPROVING WELL PRODUCTIVITY
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Delaware well productivity drives improved outlook (pg. 18)
High-graded plan in the Williston & Eagle Ford also contributes
EFFICIENCIES ENHANCED BY COST DEFLATION
Forecasting service cost deflation of 5% in 2024
☐
Deflation in OCTG & sand costs driving improved outlook
DELAWARE-FOCUSED PROGRAM
60%
OF 2024e CAPITAL
New
Mexico
Texas
| Q3 2023 Earnings Presentation
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