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Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

  Economics : Type Curve

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Accretive Transactions Driving Company Performance Oil-Weighted Transactions High-Grading Portfolio through Accretive Transactions 55% Increase in Oil Production MBO/d Acquisitions 200 N. Howard 44.4 2019 E. Glasscock / Reagan Initial Howard County C. Howard (4Q-19) 7,400 net acres W. Glasscock 37.9 38.5 Upton / S. Reagan 175 31.8 Initial W. Glasscock Delaware Basin 28.4 (4Q-19) 4,475 net acres Legacy E. Glasscock / Reagan 26.8 2020 Howard Bolt-On 150 Acquisitions 23% 83% 90% (1Q-20) 1,100 net acres 68% 89% 100% Howard Bolt-On Production per Well (MBO) 77% 125 1 Cumulative Gross Oil1 (4Q-20) 2,750 net acres 32% 2021 17% 11% 10% Howard County (2Q-21) 21,000 net acres 100 FY-19A FY-20A FY-21A FY-22A 1Q-23A 2Q-23A E. Glasscock / Reagan Oil-Weighted Inventory Increased to Eight Years (2Q-21) WI Divestiture 75 W. Glasscock County Net Acres Gross Locations (3Q-21) 20,000 net acres 50 198,000 2022 Non-Op Divestiture 575 (3Q-22) 1,650 net acres 134,000 2023 Upton / S. Reagan 25 (1Q-23) 11,200 net acres 165 Delaware Basin - (2Q-23) 24,000 net acres 0 60 120 180 240 300 360 Producing Days YE-19A 2Q-23A YE-19A 2Q-23A 1Production data normalized for 10,000 lateral length and downtime. 6
Vital Energy, Inc.
August 2023

Strong Permian Well Performance Continued Strong Performance Across the Permian 1H23 Wells Exceeding Expectations1 Builds on 2H22 & 1Q23 Permian well performance momentum 2023 OVV Permian Type Curve 22 1H23 OVV TILs (44 wells) Performance driven by optimized completions design and stage architecture 2022 Total Midland Basin Average (2,600 Wells) Completion design optimization not adding well cost due to efficiency gains 20 Proven track-record of cube development well spacing unchanged 18 OVV Cube Development Approach Consistent YoY & Well Spacing Unchanged Leading Operational Execution Creating Value 16 Cume. Oil Mbbls / 1,000 ft Continuously setting industry leading operational performance Proven performance across both drilling and completions activities 14 12 Gaines Dawson Borden 10 Mitchell 8 1H23 Developments Martin Andrews Across the Basin Howard 6 Glasscock OVV Acreage Ector Midland 4 More Permian Net TILs Core OOIP Sterling planned in 3Q23 than entire 1H23 1H23 Pads 2 Working through WIPs on acquired acreage Crane Upton Reagan 0 Irion 0 1 2 3 4 5 6 7 8 9 10 11 12 1) 2022 Midland Basin average from Enverus. OVV 1H23 TILs performance reflect actuals and forecasts. Reflects pads brought online in 1H23 under OVVs control Months 10
Ovintiv Inc
August 2023

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. 2Q 2023 10
EOG Resources, Inc.
August 2023

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