Premier Utica Shale Operator NO FEDERAL LEASES CONSISTENT, RETURNS-FOCUSED STRATEGY LARGE & INDUSTRY SAFE & DIVERSE LEADING RESPONSIBLE ASSET BASE EXECUTION OPERATIONS DISCIPLINED SUSTAINABLE FREE FINANCIAL CASH FLOW…
Quarterly Operational and Financial Highlights ADJUSTED TOTAL ADJUSTED TOTAL FREE CASH LEVERAGE(2) PRODUCTION EBITDAX CAPITAL(1) FLOW Q1 2023 2.20 350mm 265mm 25mm 1.35x LTM bcfe/d 2.11 2022 1,703mm 926mm 541mm…
Disciplined and Durable Value Creation WORLD CLASS RESOURCE AND EXECUTION Reservoir quality, completion design and field execution deliver exceptional well performance amongst the best in the U.S. One of highest average 12-month…
Exceptional Execution LONGER QUICKER LOWER LATERALS CYCLE TIMES COSTS AVERAGE LATERAL COMPLETION STAGES/DAY SPUD TO RIG RELEASE DAYS (Dotted line normalized to 12,000 lateral) 15,516' 22.4 13.3 20.2 18.4 16.2 5.8…
Leading Capital Efficiency STRONG LEADING LOW WELL CAPITAL COSTS EFFICIENCY RESULTS FIRST YEAR PRODUCTION (bcfe per well) 12 MONTH PAYBACK 3.00 Price Deck 3.50 Price Deck 4.00 Price Deck 7.0 6.6 136% 131% 5.4 5.3 109%…
Simplifying the Balance Sheet DISCIPLINED FINANCIAL STRATEGY COMMITTED TO ABSOLUTE SIMPLIFIED BALANCE SHEET ROBUST LIQUIDITY POSITION DEBT REDUCTION TARGET RESULTS IN 1.1bn 1.0bn 32mm ANNUALIZED INTEREST TOTAL AVAILABILITY…
Diversified Marketing and Transportation Portfolio FULLY-PATHED GAS TRANSPORTATION COMMITMENTS 2.1 bcf/d of gross firm transportation provides access to multiple physical markets with premium pricing Out-of-basin takeaway will…
Leading Pure Play Natural Gas Opportunity Largest Private World Class Constructive Long- Producer of Natural Resource and Cost Term Demand Gas in the US Structure Outlook Fastest Return of Strong Balance Robust Hedge Book…
Appendix
Natural Gas and Oil Hedge Position Natural Gas TBtu, /MMBtu Oil Mbbls, /Bbl 52 3.17 x 5.33 2023 Total 2023 Total 1,650 72.30 Bal 398 346 3.19 Bal 1,650 11 3.00 x 4.25 x 6.39 2024 Total Total 124 3.58 x 6.22 2024 1,464 71.33…
Setting the Course for Lasting Sustainability ENVIRONMENTAL SOCIAL GOVERNANCE Focused on reducing our environmental Commitment to diversity and inclusivity Diverse and experienced 12 member impact and minimizing emissions…
Quarterly Results Q1 2023 Production (bcfe/d) 2.2 % Natural Gas 93% Operating Expenses (/mcfe) LOE 0.17 GP&T 1.21 Taxes Other than Income 0.06 G&A(1) 0.09 Total Operating Expenses 1.53 Adj. EBITDAX (mm) 350 CAPEX Incurred…
Adjusted EBITDAX Reconciliation ( in thousands) Three Months Ended Twelve Months Ended March 31, March 31, 2023 2022 2023 2022 Net Income (Loss) (GAAP) 1,104,446 (1,571,087) 3,036,912 (2,334,452) Adjustments to reconcile net…
Adjusted Free Cash Flow Reconciliation ( in thousands) Three Months Ended March 31, 2023 2022 Net Cash Provided by Operating Activities (GAAP) 370,918 282,030 Adjustments to reconcile Net Cash Provided by Operating Activities…
Net Debt Reconciliation ( in thousands) March 31, 2023 2022 Net Debt: Total debt 2,444,189 2,556,825 Less: cash and cash equivalents 7,180 6,054 Net Debt(1) 2,437,009 2,550,771 Net Debt to LTM Adjusted EBITDAX Net Debt(1)…
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