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Break Even
Niobrara Dj Basin
  Economics : Break-Even

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EMERGING OPPORTUNITY DJ BASIN Northern extension of Wattenberg field DJ BASIN 34,700 net acres in NW Weld County WYOMING Low entry price achieved through leasing and farm-in activity COLORADO 2017/2018 - 5 wells online (4 Codell, 1 Niobrara) Significant oil in place through all Niobrara benches and Codell 2019 - 5 wells online (4 Codell, 1 Niobrara) Well results compare favorably to core DJ oil rates 2020 - 2 wells online (2 Codell) Focused on enhancing well economics through further drilling 2021 3 wells online & completion optimization WELD (3 Codell) MORGAN ADAMS DENVER 25
Enerplus Corp
August 2022

Magnolia Oil & Gas Overview High-quality, low-risk pure-play South Texas operator with a core 471,000 Net Acre Position Targeting Two of the Top Eagle Ford and Austin Chalk position acquired at an attractive entry Oil Plays in the U.S. multiple Significant scale and PDP base generates material free cash flow, Giddings Field reduces development risk, and increases optionality Asset Overview: 23,800 net acres in a well-delineated, low-risk position in the core of Karnes County, representing some of the most prolific acreage in the United States with industry leading break-evens 450,000 net acres in the Giddings area, a re-emerging oil play with significant upside and what we believe to be substantial inventory Karnes County Both assets expected to remain self funding and within cash flow Gonzales Wilson Market Statistics Dewitt Trading Symbol (NYSE) MGY Share Price as of 5/25/2022 26.50 Common Shares Outstanding (1) 223 million Market Capitalization 5.9 billion Source: IHS Performance Evaluator. Long-term Debt Principal 400 million Industry Leading Breakevens (/Bbl WTI) Cash as of 3/31/2022 346 million 45 39 39 Total Enterprise Value 6.0 billion 32 34 35 38 28 Operating Statistics Karnes Giddings Total Net Acreage 23,793 447,415 471,208 Karnes Austin Karnes Lower Midland Delaware DJ Basin Eagle Ford STACK Bakken 1Q22 Net Production (Mboe/d) (2) 28.9 42.9 71.8 Chalk Eagle Ford Source: RSEG. (1) Common Stock outstanding includes Class A and Class B Stock. (2) Giddings includes other production not located in the Giddings Field. 3
Magnolia Oil & Gas
June 2022

Anadarko Petroleum Corp
January 2019
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