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Diamondback Energy | Q3 2013 Earnings Presentation | Tracy Dick | Page 6 of 11 | November 23, 2024

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Stacked Pay Horizons Continue to Rewrite Potential in the Permian Basin Source: Company and Peer Filings, Management Data and Estimates. (1) Represents upper and lower Wolfcamp B. (2) Represents Lower Spraberry for Permian Peers. (3) Based on comparison of cash margin which represents latest publicly reported EBITDA adjusted to exclude hedging gains and losses, if not already excluded, divided by BOE production for the period. (4) Represents PXD reported Wolfcamp D. Clearfork Spraberry Wolfcamp A Wolfcamp B Wolfcamp C Cline Clearfork (Leonard) Spraberry (2) (Jo Mill) Wolfcamp A Cline Permian Peers ? 176 gross locations ? 1 well on production ? 1,320’ spacing ? 180 gross locations in Middle Spraberry ? 180 gross locations in Lower Spraberry ? Currently flowing back first Middle Spraberry well in Midland County ? 1,320’ spacing in Andrews, Martin and Dawson Counties; 880’ spacing in Midland County ? 309 gross locations ? 24 wells on production ? 7 wells in development ? 880’ spacing in Midland, Upton, Dawson and Martin Counties; 1,320’ spacing all other counties ? 170 gross locations ? 1,320’ spacing ? SM – 5 wells in Andrews County ? Operators: Reliance, APA ? PXD – 8 wells in Upton County ? CPE – 54 identified locations ? 3 rd party completion near Midland/Ector County line ? CXO and WTI – Evaluating for development ? PXD – 4 wells in Midland, Upton and Martin counties ? AREX – 20+ wells in Crockett County ? CPE – 111 identified locations (1) ? Other operators: CXO, EOG, WTI, EP Energy, AREX, DVN, LPI, SM ? PXD – 3 wells in Midland and Martin Counties (4) ? LPI – 36 wells in Glasscock, Reagan and Howard counties ? CPE – 30 identified locations ? Other operators: RSP, APA, EGN, CVX, DVN, WTI Wolfcamp C Wolfcamp B ? PXD – 1 well in Midland County ? WTI – 6 wells drilled out of 153 locations in Martin, Andrews, Dawson counties ? LPI – 27 wells in Glasscock and Reagan counties ? Other operators: APA, CXO, CPE, EGN, AREX ? 195 gross locations ? 1,320’ spacing ? 71 gross locations ? 1,320’ spacing ? LPI – 2 wells in Reagan County ? AREX – 700+ identified locations 5 3,500’ of stacked pay potential ? Diamondback is a cost leader in developing horizontal opportunities in Midland, Upton and Andrews Counties (3)