1Q ’23 Earnings Highlights

Flexible operating plan based on market conditions

2023 activity reductions:

1Q’23: Released 1 rig in Haynesville and 1 frac crew in Marcellus

2Q’23: Releasing 1 frac crew in Haynesville

3Q’23: Releasing 1 rig in Haynesville and 1 rig in Marcellus

2Q vs. 1Q’23: 10% decrease in D&C capital, 5% decrease in Natural Gas production


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