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Type Curves
Anadarko Basin
  Economics : Type Curve

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Encouraging Texas Delaware Oil Play Results 2020 Resource Play Exploration (REx) D&C activity completed Marathon Oil vs. Industry Productivity 4 Woodford wells and 2 Meramec wells 90-Day 180-Day successfully brought online since play entry Average Cumulative 25 MBOE per 1,000 Wells demonstrate strong productivity, high Oil oil cuts, and shallow declines Gas Gas-oil ratios in line with pre-drill expectations 0 MRO REx 2019 MRO REx 2019 Low water-oil ratios of 1:1 Wells 1 Industry Wells 1 Industry Delaware Delaware 2 No H2S and negligible CO2, as expected Basin 2 Basin Texas Delaware Oil Play Producing Wells Productivity compares favorably against MRO Acreage industry Delaware Basin Wolfcamp and Woodford Well Meramec Well Bone Spring wells; water-oil ratios also lower Program has shown significant and continuous improvement in drilling and completion costs 1 90 day average includes 4 wells with 90 days of production and 180 day average includes 3 wells with 180 days of production 2 Source: Enverus production data for horizontal wells in Delaware DI Basin with 1st production date in 2019 and gross perforated interval over 1,000 feet 11
Marathon Oil Corp
August 2020

STRONG RETURNS 30 Consistent STACK Well Performance Core STACK Black Oil Window Generating 50% 2 IRR with <2-yr payout Lower OOIP Higher OOIP Increasing BOE & Gas Cut Increasing Oil Cut & Lower Cost Consistent results at development spacing D&C 2-yr Oil & C5+ 2-yr BOE Cum ATAX IRR Fluid Window ( MM) Cum (MBBLs) (MBOE) (%) 2 Black Oil 6.0 190 390 50% 1) Data set includes only STACK black oil Meramec wells normalized to 10.000 lateral length 2) Represents 1.1 MMBOE EUR type curve, utilizes flat 55 / Bbl WTI & 2.50 / MMBTU NYMEX price deck 3) Condensate volumes account for 15% of total NGL volumes produced in STACK
Ovintiv Inc.
January 2020

STACK: Continued Outstanding Results 57,292 Boepd (67% Oil; 38,320 Bopd) From 2 New Units Reba Jo & Schulte Units Oil Unit Wells Outperforming Unit Type Curve 140 14 Total Wells: Over-Pressured Oil Window Avg. Cumulative MBoe 120 3-4 Wells in Both Upper and Lower Meramec Reservoirs 100 Avg/Well Initial Rate(1): 4,092 Boepd (67% Oil) 80 60 8 Units Completed Since Shift to Full Field Development 40 Outperforming Expectations and Type Curves 20 Proper Density and Superior Reservoir Quality 0 10 20 30 40 50 60 Producing Days CLR STACK: Oil & Condensate Units in Over-Pressured Window Over-Pressured Normal-Pressured Condensate Unit Wells Outperforming Parent Type Curve 400 Reba Jo Avg. Cumulative MBoe Lugene Tolbert 300 Schulte Simba 200 Boden 100 CLR Condensate Unit CLR Oil Unit Homsey 0 CLR Meramec Wells 1,500 Boepd IP30 Jalou CLR Acreage 0 20 40 60 80 100 120 Over/Normal-Pressured Line Producing Days 1. Maximum average 24-hour IP rate. PROPERTY OF CONTINENTAL RESOURCES, INC. REPRODUCTION AND DISTRIBUTION WITH WRITTEN PERMISSION ONLY 9
Continental Resources, Inc.
November 2019
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