Bolt-On Acquisition in Permian Basin $1.6B Transaction Value, incl. assumption of $710MM of Debt Cash and Stock Consideration 40% 60% Cash Stock REN Shareholders own 5.6% of XEC shares post closing 1Q 2019 Expected Close Transaction Metrics Compare Favorably with Recent Delaware Basin Deals $31,000 – $37,000 Price Paid per Flowing BOE* Implied Price per Acre paid by XEC (mid-point) $20,500 Increases Footprint by 21,100 Net Acres Leverages XEC learnings for future development of stacked opportunities Upper Wolfcamp *1Derrick, FactSet market data as of 10/12/18, includes 20 transactions with >$400MM deal size XEC ACREAGE REN ACREAGE XEC Operated Operated SWD LOVING REEVES XEC XECLIVINGSTON WELLS SNOWSHOE XEC DEVELOPMENT DIXIELAND XECXEC WOOD STATEPAGODA STATE DEVELOPMENT DEVELOPMENT PRO FORMA 3Q 2018 PRODUCTION 253 MBoe/d 79,647 bo/d FINANCIAL BENEFITS AccretiveSelf-fundingImmediate in 2019 on allStrongcost saving relevant metrics incl.Cash Flowfrom interest EPS, CFPS, NAV expense and G+A CIMAREX ACQUISITION OF RESOLUTE ENERGY CORPORATION