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  Economics : Type Curve

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Williston Basin: High Oil Cut, Predictable and Consistent Delivery Williston Basin Highlights Risk-Adjusted Well Productivity1 Subsurface delivers reduced variability compared to other basins 2.8 12-mo Oil Cum. / Std. Dev. Strong production, predictable delivery 2.4 2.4 Excess oil takeaway capacity, oil differentials slightly below WTI Stable GORs 1.6 Consistent and supportive regulatory environment Gas/NGL realizations benefit from expanding takeaway 0.8 Williston DJ Midland Eagle Ford Delaware Excess Oil Takeaway Capacity2 Strong Well Productivity vs. Top Oil Basins3 Refining Rail 3,000 Pipelines Production 20 Delaware 2,500 Williston Cum. Oil (Bo/ft) Excess rail capacity sits on top of 15 Midland 2,000 pipeline capacity basin production Eagle Ford MBopd 10 DJ 1,500 1,000 5 500 - - 1 2 3 4 5 6 7 8 9 10 11 12 2020 2021 2022 2023 2024 2025 Producing Month 17 (1) Source: Enverus Prism, 2024 vintage 12-month cum. oil per 1,000 / standard deviation of those volumes; (2) Enverus Fundamental Edge and ND Pipelines, production reflects North Dakota crude oil production. (3) Source: Enverus Prism as of 7/24/25, 2023 2025 vintage wells cut-off at <25% of data set.
Chord Energy
August 2025

Well Performance Continues to Impress Williston Basin continues to show improvement in 2024 after a stellar 2023. Permian well productivity remaining consistent. Williston Basin Productivity Permian Basin Productivity 250,000 250,000 (1) 2022 Cum (1) 2022 Cum 2023 Cum (1) 2023 Cum(1) 200,000 200,000 (1) 2024 Cum 2024 Cum (1) Cum Production (Bo) Cum Production (Bo) 150,000 150,000 100,000 100,000 50,000 50,000 0 0 - 30 60 90 120 150 180 210 240 270 300 330 360 - 30 60 90 120 150 180 210 240 270 300 330 360 Days Online Days Online 1. Wells assigned to years based on year in which they started producing. Cumulative type curves comprised of the 1. Wells assigned to years based on year in which they started producing. Cumulative type curves comprised of the following following numbers of gross wells: 2022-201; 2023-238; 2024-337. Includes producing wells as of December 31, 2024. numbers of gross wells: 2020-258; 2021-310; 2022-320; 2023-458; 2024-309. Includes producing wells as of December 31, Note: Production normalized to 10,000. 2024. Q4 and Full Year 2024 Earnings Presentation 5
Northern Oil and Gas, Inc.
February 2025

Continued strong performance from Little Knife pads LITTLE KNIFE AREA ENERPLUS ACREAGE 240 Cumulative Oil Production 200 Hay Draw Pad (1) per well (Mbbls) 160 Hay Draw Pad 120 80 Bice Pad 40 0 0 30 60 90 120 150 180 Normalized Production Day McKenzie 240 Cumulative Oil Production 200 per well (Mbbls) Bice Pad (1) 160 120 80 Dunn 40 Billings 0 0 30 60 90 120 150 180 Normalized Production Day 6 1) Non-producing days removed. See Expected well performance in Advisories.
Enerplus Corp
November 2023

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