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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

TOP-TIER WELL PERFORMANCE DELAWARE CONTINUES TO IMPROVE 28 BASIN WELL 500 PRODUCTIVITY 450 Superior-quality 400 inventory combined with subsurface expertise 350 Cumulative Mboe drives continuous 300 improvement and value 250 1 Year Cumulative 200 Improvement 150 2015 to 2023: +225% 100 2018 to 2023: +34% 50 2021 to 2023: +20% 0 2022 to 2023: +7% 0 30 60 90 120 150 180 210 240 270 300 330 360 Days 2015 2016 2017 2018 2019 2020 2021 2022 2023 NOTE: DATA INCLUDES ALL UNCONVENTIONAL DELAWARE BASIN HORIZONTAL WELLS ONLINE IN EACH YEAR
Occidental Petroleum Corp
February 2025

Permian Performance Delivers Returns Well Above Premium Wolfcamp Average 6 Mo. Cumulative Production (Boe/ft) Wolfcamp Average 6 Mo. Cumulative Production (Boe/ft) 34 36+ 33 34 Gas NGL 23 Oil 11 2021 2022 2023E Completed Wells by Target Wolfcamp Combo Wolfcamp M 2022 Performance is Significantly Higher Than Cumulative Production Required to Meet Premium Hurdle Rate Wolfcamp Oil (1) Direct ATROR calculated using flat commodity prices of 40 WTI oil and 2.50 Henry Hub natural gas. (2) Direct ATROR calculated using flat commodity prices of 80 WTI oil and 3.50 Henry Hub natural gas. 3Q 2023 13
EOG Resources, Inc.
November 2023

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