OIL & GAS MANAGEMENT
NORTHERN MIDLAND BASIN Wells Spud Wells Put-On-Production Producing Lateral Ft Average Lateral Length 23 80 ≈828,250 ≈10,350 UL FY24 Activity by Basin
Activity Summary • Eight oil and gas development agreements were executed, adding approximately 2.6MM lateral feet obligation (LFO) over the next 6 years • 289 horizontal wells began production and ≈3.1 million lateral fe et drilled put-on-production UL Development Percentages are based on metrics weighted for wells spud and wells put on-line. ≈36% in Delaware Basin
SOUTHERN MIDLAND BASIN Wells Spud Wells Put-On-Production Producing Lateral Ft Average Lateral Length 99 82 ≈997,500 ≈12,150
≈20% Northern Midland Basin ≈35% in Southern Midland Basin ≈9% Central Basin Platform
DELAWARE BASIN Wells Spud Wells Put-On-Production Producing Lateral Ft Average Lateral Length
79 106 ≈1,109,750 ≈10,470
CENTRAL BASIN PLATFORM Wells Spud Wells Put-On-Production Producing Lateral Ft Average Lateral Length 22 23 ≈193,000 ≈8,400
UNIVERSITY LANDS
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