Novo Joint Acquisition June 2023 Novo Joint Acquisition - June 2023 1
Novo Assets Acquisition Overview(1) Undivided interest in high quality Delaware Basin properties to be jointly developed with Earthstone. With its significant, long-lived and low-breakeven inventory, Novo sets milestones as NOGs largest…
Novo Acquisition Grows High Quality, Low Breakeven Acreage KEY FINANCIAL STATISTICS Agreement to purchase 33.33% undivided stake in Novo Assets for 500MM Gross NRI: 77% (78% Eddy, 75% Culberson), net WI: 29% 180MM of cash flow from…
Permian Presence Doubles in the First Half of 2023 Since 2021, NOG has methodically expanded its presence in the Permian. With the addition of Forge and Novo, NOG will have doubled its Permian acreage since year-end 2022 through two…
Modern Portfolio Theory at Work NOGs portfolio by region, commodity mix, and operator continues to grow more and more diversified, with the Permian expected to surpass the Williston to become the Companys largest asset by production in…
NOGs Process for Novo Creates Clarity, Alignment and Upside NOG has successfully signed its second co-purchase of operated assets, a powerful new opportunity that when combined with traditional non-operated assets and NOGs prolific Ground…
Hedge ProfileCOLLARS NOG continues to execute a strategy built around the safeguard of returns during a commodity down-cycle, while retaining flexibility to capture the opportunistic upside. CRUDE OIL DERIVATIVE COLLARS NATURAL GAS…
Hedge Profile SWAPS NOG continues to execute a strategy built around the safeguard of returns during a commodity down-cycle, while retaining flexibility to capture the opportunistic upside. CRUDE OIL DERIVATIVE SWAPS NATURAL GAS…
Hedge Profile BASIS SWAPS NOG continues to execute a strategy built around the safeguard of returns during a commodity down-cycle, while retaining flexibility to capture the opportunistic upside. MIDLAND-CUSHING BASIS SWAPS WAHA BASIS…
Important Disclosures Forward Looking Statements This presentation contains forward-looking statements regarding future events and future results that are subject to the safe harbors created under the Securities Act of 1933, as amended…
Important Disclosures Industry and Marketing Data Although all information and opinions expressed in this presentation, including market data and other statistical information (including estimates and projections relating to addressable…
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