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  "documentTitle": "Earthstone Energy | Investor Conference Presentation Deck | 32 slides",
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      "text": "Donut chart showing ~200 Gross Operated Locations split between Wolfcamp, Bone Spring, and Other.",
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      "text": "Cumulative Gross 20:1 BOE Production Per Well (MBOE) over Producing Months for Novo Average, Earthstone Permian Average, and Permian Basin Average.",
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      "text": "66% of the acquired undeveloped locations are within the top quartile of pro forma inventory",
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      "text": "~200 high-quality gross operated locations primarily in the Wolfcamp and Bone Spring with average breakevens <$40/barrel¹",
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      "text": "Strong liquids-weighted PDP base production supports future multi-target development",
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      "text": "Assets are positioned in the core of the Delaware Basin with superior multi-bench rock quality and basin-leading results",
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      "text": "3. Permian Basin average includes all 2021+4,000 ft+ total lateral lengthen wells in Delaware and Midland basins; source: Enverus May 2023.",
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      "text": "2. Novo and Earthstone Permian averages include wells initially operated by Earthstone, Novo, Titus and Chisholm, with all 2021+ 4,000 ft+ Total Lateral Length (\"TLL\") wells normalized to 10,000 ft TLL; source: Enverus May 2023.",
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      "text": "1. Defined as locations that are estimated to generate at least a 10% rate of return at NYMEX $70/bbl and $3.00/mmBtu.",
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      "text": "Top-Tier Inventory Solidifies Superior Permian Position",
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