1. Broomfield Development Plan Extraction Oil and Gas, Inc.
December 2016

2. Conceptual Grading of Lowell Well Site
Mission Statement
Safely and efficiently produce natural resources in a manner that is compatible with the community, minimizes impact and is beneficial to Broomfield and Colorado citizens.

3. A Denver-Based Operator with a Community Focus
Extraction: Who We Are
Denver-based Extraction Oil & Gas is a domestic energy company focusing on the exploration and production of oil and gas reserves in the Rocky Mountains. We are committed to, and have demonstrated, safe and responsible operations in the Greater Wattenberg Field of Colorado’s Denver-Julesburg Basin.
Extraction Oil & Gas was created in December 2012 and assembled a strong technical team with years of experience in horizontal drilling and completion operations. Our growth strategy includes high-quality acreage acquisitions and forming strategic joint ventures with select operators in the Greater Wattenberg Field.
Committed to our Community

4. Broomfield Development Plan Overview
Proposed Operation Timeline
Drill, Complete and Produce 140 New Wells
Development Plan – Minimizing Footprint
Consolidate Locations, Install Pipelines, Eliminate Permanent Oil Tanks
Best Management Practices
Reduce or Eliminate Noise, Emissions, Traffic and Implement Exemplary Landscape Design
Exceeding Regulations and Standards
Exceed MOU Standards, Deliver Best-in-Class Project

5. Development Timeline
Anticipated Drilling, Completion, and Turn Online Schedule
2017
Late
Install Landscaping
Early 2018
Drilling Program Begins
2018
Mid
Completion Program Begins
Early 2019
Complete Phase 1
Start
Pause
Late
2019
Final Drilling Program Begins
Early
2020
Final Completion Program Begins
Mid
Complete Phase 2
Reclaim Work Space
Finish

6. Consolidating Well Sites and Reclaiming Legacy Wells
Further From Homes & Closer to Northwest Parkway
Before
After
Sheridan (40)
United (40)
Huron (20)
Lowell (40)
Description
Before
After
Well Sites (MOU & USR) 12 4
Vertical Wells 36

7. Best Management Practices Exceeding Both Regulations and MOU: Committed to Becoming Operator of Choice with Communities
Environmental Stewardship
Reduce Emissions
Eliminate Tanks Using State-of-the-Art Pipelines
Facilities Designed to Capture 99.9% of all Emissions
Install Vapor Recover Units
Deploy Thermal Imaging Camera to Perform Advanced LDAR (Leak Detection & Repair) Program
Groundwater Protection
Multiple Layers of Cement and Steel to Ensure Groundwater Protection
Water Well Sampling Program, Before and After Completion Process

8. Best Management Practices Exceeding Both Regulations and MOU: Committed to Becoming Operator of Choice with Communities
Safety – People and Process
Trained Operations Personnel
Experienced and Professional Staff
Comprehensive Response Plan
Local Fire District Coordination
Remote Facility Monitoring and Control
Robust and automated Safety Protective System Design
Preprogrammed Automatic Shutdowns
Real-time Alerts
Real-time Data Analysis and Response
Rigorous Engineering Design
Professionally Engineered Facility Designs
Robust, Tested and Proven Design
Modular Prefabricated Design Focus Eliminates Leaks, Drips, Emissions

9. Best Management Practices Exceeding Both Regulations and MOU: Committed to Becoming Operator of Choice with Communities
Noise and Traffic
Noise Reduction
Electric-Powered Drilling Rig
Quiet Completion Fleet
Electric-Powered Facility
Sound Walls, Landscaping & Berms
Traffic Reduction using Pipelines
During Completion Phase:
Eliminate 4,800 trips
During Production Phase:
Reduce traffic by average of 79% per day
Liberty Quite Fleet Comparison (Noise Level – dBa)
Sound Walls -
Liberty Quiet FleetTM  -
Continuous Monitoring -
* Assumes all pipeline right-of-ways obtained

10. Best Management Practices
Pipelines Eliminate Trucking
No Significant Traffic Impacts
Pipelines Eliminate Traffic and Trucks
100% of Freshwater Piped
99% of Oil Piped
Traffic Best Management Practices
Stage Trips to Avoid Peak Traffic Times (A.M. / P.M.)
Monitor Local Events and Adjust Operations
Traffic Impact Study
No significant impact
Less than 2% Increase in Most Segments; all Temporarily
Traffic Safety Conclusions
Proposed Increase in Traffic is Temporary, Nominal and Poses no Safety Concerns
United
Sheridan
Huron
Lowell
* Assumes all pipeline right-of-ways obtained

11. Compliance with Regulations and Standards Colorado oil and gas regulations are the most stringent in the nation
Extraction BMPs go Above and Beyond Regulations and Standards
Planning and Permitting
Community Engagement
Wildlife and Cultural Assessments
Air and Water Protection
Well, Facility and Pipeline Design, Operations and Maintenance
Reclamation
Inspections and Monitoring
Compliance Enforcement and Penalties

12. Conceal Site with Landscaping Before Development
Home Values Studies Range from Nominal to No Impact
“Get In, Be Safe, Get Out”
Colorado State University Studies
Less than 1% Decrease During Drilling Possible
No Impact once Development Ends
New York Study
Overall Regional Effect of Increasing Property Values
Integra Realty Resources Study
Effect dissipates at around 1,000 feet
“In most cases, there was little or no relation between well sites and property values”
Ballotpedia
No impact on home values
Conceal Site with Landscaping Before Development

13. Exemplary Landscape Design
Exceeding Both Regulations and the MOU: Committed to Becoming Operator of Choice with Communities
Exemplary Landscape Design
Conceal Locations & Operations Using Landscaping
Sheridan Well Pad
Lowell Well Pad
Viewed from West
Viewed from Intersection (East)
Viewed from North
Viewed from Anthem Ranch (North)

14. Addressing Community Concerns
Extraction is exceeding standards in the Broomfield Memorandum of Understanding (MOU), as well as implementing additional best practices to mitigate any inconveniences to our local community.
Environmental
Colorado has strictest air regulations in U.S.
EPA Natural Gas Star Program
Eliminate Tanks and Venting
Install Oil, Gas and Water Pipelines
Safety
Eliminate tanks
Eliminate-Reduce Traffic
Use Pipelines
24-hour Monitoring
Trained and Experienced Operators
Fully-Automated and Engineered Safety Systems
Noise
Multi-Layered BMPS
Electric Drill Rigs
Liberty Quiet FleetTM
Sound Walls
Engineered and Designed Landscaping
Electric Powered Equipment
Traffic
Traffic Safety Study
No Trucks in Neighborhoods
Avoid Peak Traffic during Peak Hours on Major Roads
Use Canals, Temporary Hoses and Pumps to Deliver Fresh Water
Home Values
Install Landscaping before Development
Moved Locations Away from Homes
Install State-of-the-Art Oil, Gas and Water Pipelines
Deploy Maximum BMPs to 100% of Locations

15. Summary
Delivering 140 new wells within 3-4 years, adding economic value to Broomfield and Colorado
Plugging and Reclaiming Legacy Vertical Wells – Leave No Trace
Installing Exemplary Landscaping to Conceal Sites – Protecting Quality of Life
Reducing and Eliminating Oil Tanks – Reducing Emissions
Operating Safely – Commitment to Employees and Community
Robust Design, Operations, and Maintenance – Operator of Choice
Minimizing and Reducing Noise, Dust and Traffic – Minimizing Impacts
Severance and Local Taxes Approximately $180,000,000
Mission Statement
Safely and efficiently produce natural resources in a manner that is compatible with the community, minimizes impact and is beneficial to Broomfield and Colorado citizens.