Investor Presentaiton

ALPINE HIGH: MIDSTREAM Foundational Delaware Basin Midstream Enterprise ■ Greenfield, fit-for-purpose system enables optimal wet gas development ~$700 mm invested through year-end 2017 Cherokee CPF Targeting 830 MMcf/d of gross inlet processing capacity by year-end 2018 ■First cryogenic capacity expected online 2019 ■Evaluating midstream funding options 5 CENTRAL PROCESSING FACILITIES 330 MMCF/D PROCESSING CAPACITY INSTALLED 45 MILES OF 30" TRUNKLINE IN SERVICE 110 MILES OF GATHERING SYSTEMS INSTALLED Apache 21 CENTRAL TANK BATTERIES 15

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