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Extraction Oil & Gas | December 2019 Corporate Update | Eric Jacobsen | Page 25 of 11 | May 03, 2025

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toolButton prevButton nextButton prevKeyButton nextKeyButton prevKeyButton nextKeyButton byDateAscButton byDateDescButton byCompanyNameAscButton byCompanyNameDescButton hidden hidden		Document: "December 2019 Corporate Update " View Full Document		× Search Selection Search by Text Search Search by Slide Search Cross reference your docFinder results against PLS' extensive news archives. For demo or training contact Melwyn Oommen, melwyn.oommen@drillinginfo.com
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9,000,000 9,000,000 9,000,000 9,000,000 9,000,000 0 0 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 10,000,000 11,000,000 12,000,000 4Q-19 1Q-20 2Q-20 3Q-20 4Q-20 1Q-21 2Q-21 Collared Volumes Swapped Volumes 4,150 3,725 2,900 3,100 3,200 1,950 1,650 0 1,000 2,000 3,000 4,000 5,000 4Q-19 1Q-20 2Q-20 3Q-20 4Q-20 1Q-21 2Q-21 Collared Volumes Swapped Volumes 25 Cash Flow Protection Through Hedges • Strong hedge portfolio protects cash flow • Maintain a multi-year rolling hedge program • 2020 positions: • 3,200 MBbls of oil hedged with swaps that have an average price of ~$60/Bbl • 9,725 MBbls of oil hedged with collars that have average floor and ceiling prices of ~$55/Bbl and ~$62/Bbl, respectively • 35,400,000 MMBtu of natural gas hedged with swaps that have an average price of $2.75/MMBtu • 600,000 MMBtu of natural gas hedged with collars that have average floor and ceiling prices of $2.90/MMBtu and $3.48/MMBtu, respectively Natural Gas Hedging Summary Natural Gas Hedging Summary Oil Hedging Summary Oil Hedging Summary (MBbl) (MMbtu) $64.00/ $60.00 $3.48/ $2.90 $64.03/ $55.02 $57.86 $60.28 $60.00 $59.74 $59.70 $58.72 $58.33 $2.75 $2.76 $2.75 $2.75 $2.75 Note: Hedge positions as of September 30, 2019. 1.0 MMBBLS of 4Q19 oil volumes hedged are subject to sold put options with a strike price of $44.60/bbl. 12.3 MMBBLS of 2020 oil volumes hedged are subject to sold put options with a strike price of $42.91/bbl. Please refer to our public filings for more detail regarding our hedge positions. $62.46/ $55.67 $62.00/ $54.46 $61.87/ $54.78 $61.52/ $54.75 $64.03/ $55.02