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SRC Energy
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June 2019 Corporate Presentation
| Lynn A. Peterson | Page 7 of 11 |
June 07, 2025
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"June 2019 Corporate Presentation"
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Corporate Execution 12 34 51 66 63 2016 201 2018 2019 Est. Net Daily Production (MBOE/D) (1) D&C Capex vs EBITDA ($MM) $131 $461 $584 $65 $283 $488 2016 201 2018 2019 EST. * CAPEX EBITDA 1.1X 1.8X 1.4X 1.3X 2016 201 2018 Q1 2019 Net Debt / LTM EBITDAX • The 2019 estimate represents total capital expenditures while 2016 – 2018 capex figures include drilling and completion only Represents 2019 guided range Represents guided total capex range for 2019 ? 2019 guidance – Total capital expenditures budget aligns with cash flows at $50 WTI while providing year-over-year production growth ? Over $30 million of excess operating cash flows generated in the first quarter of 2019 (2) $425-$450 (1) 2016 production data converted to 3-stream using 3.5 GPM wet gas yield and 25% gas volume shrink (2) Q1 2019 excess operating cash flows defined as Q1 EBITDA ($159.5 mm) less Q1 accrued D&C capex ($110.2 mm) , capitalized interest & G&A ($16.), leasehold changes (-$1.9 mm)