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Type Curves
STACK & SCOOP
  Economics : Type Curve

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All Assets Contributing to Performance Strong 1Q23 Well Strong Program Economics driven by Oil & C5+ & Gas volumes Results Returns at Strip Prices Montney 100% Montney condensate realized 101% of WTI in 1Q23 Lower Montney Well IP30 5,300 BOE/d Program returns resilient to lower gas prices 1,150 bbls/d Oil & C5+ Low well costs & 90% gas priced outside of AECO1 ATAX IRR at 75 / 3.003 25 MMcf/d gas Base Decline Rate (BOE) Maximizing contributions to cash flows 38% Shallowing base decline & optimized production Shallowing Decline Anadarko Development focused on black oil window Reinforces Cash 30% 20% Continuously enhancing completion design & targeting Flow Generation 2021 2022 2023 40 OVV Uinta Cume Oil Mbbls / 1k ft Substantial scale in core of the basin Core Delaware5 130k net Uinta acres (80% undeveloped)4 Robust Oil Wells & Uinta Gearing up for 2H23 activity profile High-Margin 20 Production 1 rig in 1Q23 running 2 rigs 0 & drilling 9 well pad today 0 6 12 18 Months 1) Reflects 65% of 2023 volume with physical transportation to advantaged priced markets and 25% of 2023 production covered by AECO basis hedges 2) 8 well 16-27 Pad TIL mid March with wells across the Upper and Lower Montney benches 3) Assumes gas realizations of 90% of NYMEX 4) As of YE22 8 5) Represents OVV 2021 + 2022 wells and Core Delaware wells from 2021
Ovintiv Inc
May 2023

Anadarko Basin Dow Partnership Builds Momentum Improved capital efficiency with up-spaced developments FREE CASH FLOW 550 MILLION IN 2021 MERAMEC DEVELOPMENTS FLOWING BACK 9.0 25% 250 Initial Results (4-well avg.) Type Curve D&C COST 200 (1) Cumulative volumes (MBOE) 12 Meramec wells (3 units) 2-mile well cost (MM) Peak IP30s in Q1 2022 8 REDUCTION 150 6.5 - 7.0 Blaine 35% Kingfisher 100 6 50 PRODUCTION DOW DRILLING JV OUTPERFORMANCE FOCUS AREA 4 0 2022 Program Overview Legacy Activity Dow JV 0 30 60 90 120 Running 3 operated rigs Days online Spud 45 new wells Dow partnership provides 100 million drilling carry Caddo Funds 65% of partnership capital requirements Carried returns are highly competitive with the Delaware Partnership increasing activity to 3 rigs in 2022 Canadian SCALABLE ACREAGE POSITION (300K NET ACRES) Activity focused on low-risk up-spaced developments Expected to maintain production vs. Q4 2021 exit rate (1) Excludes allocation of facility costs. Q4 2021 Earnings Presentation 17
Devon Energy Corp
February 2022

SCOOP 2021 Development Plan & Recent Performance Performance Observations Frick Pad (3 Wells) SCOOP net production totaled 245 MMcfepd during 4Q2021(1) Angela Pad 69% natural gas, 22% NGL and 9% oil(1) (3 Wells) 2021 turn-in-line program included with 11 gross wells 2021 development performing above legacy well average Program also benefitting from lower development costs Legend Hale Pad Gulfport Acreage (5 Wells) Totaled 0.51 / Mcfe for the 2021 TIL program 2021 Development Program Production Cumulative Production 300 500 2021 TIL 2021 turn-in-lines 300 Cumulative Mcfe / ft of Lateral Gross 2-Stream Volume (Mmcfed) Actual outperforming Forecast 2021 TIL Average 400 Legacy Well expectations 200 200 Legacy Well Average 300 200 100 100 100 - - 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0 25 50 75 100 125 150 175 200 225 250 Angela Hale Frick Actuals Producing Days 1. During the three months ended December 31, 2021. GPOR 11
Gulfport Energy Corp.
February 2022
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