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  Economics : Type Curve

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Pioneer Natural Resources Co.
December 2019

Enhanced completion technique driving improved well performance 1st year cumulative production 100,000 2nd Qtr. 2015 - 1st Qtr. 2018 90,000 39 Wells Completed Stage spacing 220- 156 80,000 Cluster Spacing 43 to 22 Sand Concentration Lbs./Ft. 1,156 2,200 Stimulation Fluid Bbl./Ft. 26 - 50 70,000 Average Wellhead EUR 795 MBOE, 62% Liquids Cumulative Production (BOE) 60,000 50,000 40,000 30,000 20,000 10,000 0 1 8 15 22 29 36 43 50 57 64 71 78 85 92 99 106 113 120 127 134 141 148 155 162 169 176 183 190 197 204 211 218 225 232 239 246 253 260 267 274 281 288 295 302 309 316 323 330 337 344 351 358 365 Days Production Normalized to a 7,500' lateral and for operational downtime DUG Permian Basin Conference, May 22, 2018 8
Approach Resources, Inc.
May 2018

25 Glasscock Co. Wolfcamp A/B Type Curve Normalized to 7,500 (Unrisked) 1,000 NormalizedGrossProductionRate(boepd) 100 RyderScott reviewed EURs for Wolfcamp A/B wells in Glasscock Co., Midland Basin 890 MBOE for 7,500 lateral Inventory Product Mix (3stream) Oil: 52% NGL: 26% Gas: 22% Higher oil component in Abench (56%) Type curve normalized to 7,500 (actual lateral lengths will vary) 10 0 6 12 18 24 30 36 42 48 54 60 Months
Energen Corp.
December 2016

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