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Type Curves
Permian Bone Spring
  Economics : Type Curve

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Delaware Basin: Optimizing Production Profiles Delaware Basin Well Production Profile1 Scaled Development of Multi-Zone Resource Base2 90,000 Avg. Project Size 80,000 7.3 2022 Production Profile 26% of wells Placed 22 Delaware wells on-line 4.9 Average Cumulative Production per Well Improvement 70,000 60,000 (Barrels of Oil) 50,000 2021 2022 40,000 Producing Zone Breakdown 30,000 2021 Production Profile 100% 6% 3rd Bone Spring Placed 35 Delaware wells on-line 18% 80% 24% Upper Wolfcamp A 20,000 60% 43% 31% Wolfcamp A 40% 10,000 17% Lower Wolfcamp A 20% 20% 19% 22% Wolfcamp B - 0% 0 20 40 60 80 100 120 2021 2022 Days On Production 1. Represents wells placed on-line during 2021 and 2022 with 120 days of production history 2. Reflects all of 2021s development activity and the first nine months of 2022 Third Quarter 2022 Earnings Presentation 6
Callon Petroleum Co.
November 2022

Permian Basin Operations Capital Efficiency Increasing CTRA Acreage Position Recent Culberson County, Texas Development Projects: Currently running 5 rigs & 2 completion crews Fewer wells per section drives increased productivity per well and similar recovery per section for less capital Average well performance Relaxed Spacing 200 Cumulative oil (MBo) 150 7 wells/section Legacy projects (8 wells/section) Enhances capital efficiency 100 5 wells/section 50 Reduces operational 0 risk 0 50 100 150 200 250 300 Days Online Total section performance Supports sustainable volumes & FCF profile 2,000 Cumulative oil (MBo) 1,500 Optimizes NPV per 1,000 Legacy projects (8 wells/section) section 5 wells/section 500 7 wells/section COTERRA ACREAGE (234K NET ACRES) 0 WOLFCAMP BONE SPRING AVALON 0 50 100 150 200 250 300 Days Online 9
Coterra Energy
November 2021

Delivering Strong Well Results Across Position Q2 Well Highlights Chorizo 500 Pad Review Delivered strong Q2 results across multiple Chorizo 500 pad: returned to an existing producing unit with significant stacked pay formations in the Northern and Southern Delaware Previously drilled the Chorizo 600 pads in the 3rd Bone Spring in Q219 / Q120 Drilled and completed for an average well cost of 675 / lateral foot Powdered Donut 45% improvement in DC&F costs vs prior Chorizo 600 pads Pad Reflects Centennials continued focus on capital efficiency and rate of return, driving (3rd BS / WC C) costs lower while maintaining overall well productivity Lea 150 Chorizo 600 Pad Average (Q2'19 / Q1'20 First Prod) Cumulative Oil Production (MBo) Chorizo 500 Pad Average (Q2'21 First Prod) 120 Avg FY'20 - FY'21 2 Mile Lateral (All Zones) Chorizo Pad (2nd Bone Spring) Reeves 90 60 Chimichangas 602H NM NM (3rd Bone Spring) TX TX 30 0 0 30 60 90 Days Online Chorizo Chimichangas Powdered Donut Pad Average 602H Pad Average New CDEV Development Existing Producers Illustrative Chorizo Unit Lateral length (ft.) 9,800 9,800 9,000 Formation 2nd Bone Spring development, offsetting IP30 (Boe/d) 2,295 2,722 2,530 existing 3rd Bone Spring producers 1st Bone Spring Sand IP60 (Boe/d) 1,957 2,132 2,175 2nd Bone Spring Sand % oil1 84% 82% 43% 3rd Bone Spring Sand Note: Cumulative oil production curves shown on a non-normalized basis (1) Oil cut figures shown on a two-stream basis, based on IP30 rate 6
Permian Resources Corp.
September 2021
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