Delivering on All Aspects of the New E&P Business Model Pure Play DJ Basin Operator High Quality Asset Base Delivers Low F&D Costs Laramie Kimball High-return, low-cost wells across DJ Basin asset base Low-Cost Operations Enable…
High Quality Asset Base Contiguous acreage position facilitates development optimization Approximate Civitas Leasehold Positions Development Area Geography DJ Basin Net Acres(1) Laramie Kimball Western 160,000 Suburban / Rural…
High Quality Asset Base High-return wells across acreage position B-TAX Single Well IRRs at 55 WTI 100% Southern Western Eastern 90% Undeveloped Locations by Area 80% Area Total % of Total Weighted Avg. IRR 70% Southern 407 42%…
Civitas 2022 Year-to-Date Permitting Process Update 575 locations in the permitting pipeline as of July 1, 2022 Permit Count by Status 575 250 60 130 70 65 Approved Locations OGDP Locations OGDP - Locations Deemed…
Midstream Ownership Civitas Midstream Infrastructure Expands upstream returns Eastern Total book value of 320mm Infrastructure focused on operated production and results in lower differentials and transportation expense 315…
Fortress Balance Sheet ( in millions) Capitalization Table as of: 6/30/2022 Key Highlights: Rev olv ing Credit Facility (1.7bn BB; 1.0bn ECA) 0 On April 21, 2022, CIVI announced the increase of the 5.0% Senior Unsecured notes due October…
Returning Capital to Our Shareholders Stockholder Return Philosophy 2022E Dividend Yield(1)(2) Quarterly base dividend: 0.4625/share to be paid on 9/29 to Base Variable 12.5% shareholders of record on 9/15 12.0% 9.9% 9.9% 9.5% 9.2%…
Reducing Operational Emissions Through our Civitas is committed to driving down operational emissions through the use of commitment to highly innovative best management practices and implementation of new technologies(1) responsible…
Demonstrating Climate Leadership Colorados first carbon neutral energy producer (Scope 1 & 2 basis) 2020 GHG Intensity (mt CO2e/MBOE) Eliminate operational emissions as first priority 29.5 Offset remaining Scope 1 emissions using…
Valuing Community Engagement Civitas Community Fund Plugging Colorados Orphaned Wells Civitas is focused on remaining a trusted, engaged partner in Civitas committed to plugging all orphaned wells in the our communities Greater Denver…
Leading-Edge Corporate Governance Director service compensated in stock Diversity of gender, race and industry experience and held through duration of service Ben Dell Independent Chairman of the Board Annual board elections…
2022 Guidance Production Total Production (MBoed) 162 168 D&C program reflects 3 rigs / 2-3 frac crews Oil Production (MBbld) 73 76 Expected oil price differential of -4-5/Bbl relative to WTI % Liquids 68 70% CIVI expects to pay 75-125…
Appendix
Q3-2022 Dividend Calculation Quarterly base dividend of 0.4625/share Q3 2022 Total Dividend Calculation (MM) (1) Quarterly variable dividend framework (2) Av erage Quarterly Free Cash Flows Ov er Prior 12 Months 260 50% of FCF…
Q2 2022 CIVI Proved Reserves Net Oil Net Gas Net NGL Net BOE SEC PV-10(1) Reserve Category (MMBBL) (BCF) (MMBBL) (MMBOE) (MM) PDP 110 742 89 323 6,711 PDN 11 62 7 29 707 PUD 38 102 13 68 1,286 Total Proved 159 906 109 420 8,704 Proved…
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