Jonah Energy Environmental, Social and Governance Summary 2021

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ENVIRONMENTAL, SOCIAL AND GOVERNANCE SUMMARY

Leadership and environmental sustainability


We balance responsible development with environmental conservation

“Respect for our people, our communities and our environment has been an explicit component of Jonah’s culture since our inception. We know that the energy we produce enables many wonderful things in modern life, and we see it as our job to deliver that energy as responsibly as possible.”

About the Jonah Field JONAH PRODUCES 623,000,000,000 EQUIVALENT BTU’S A DAY. ENOUGH TO POWER

3.1 MILLION TESLAS A DAY

Tom Hart, Jonah Energy President and CEO

15.5 BILLION IPHONES PER DAY

OR THE ENTIRE COUNTRY OF SWITZERLAND


By reducing habitat loss and reclaiming the land, we limit the long-term impacts to wildlife habitat The American Society of Reclamation Scientists (ASRS) named Jonah Energy Reclamation Specialist Josh Sorenson as its “Reclamationist of the Year.” Josh is the first recipient from the oil and gas industry in the 37-year history of the award, and was selected for developing and advancing the reclamation process on oil and gas well sites and right of ways in the Jonah Field, located in Sublette County, Wyo. He implemented a management program to control invasive plant species, while reducing pesticide applications and increasing native pollinator plants. “We have an obligation to minimize our impact and preserve and enhance habitat so wildlife and future generations can enjoy it.” — Jonah Energy Reclamation Specialist Josh Sorenson

80%

80% of our total disturbed acreage is at some stage of reclamation – one of the highest percentages in the nation, and some of which has been fully reclaimed.

WE SPEND AN AVERAGE OF $1.5M/YEAR ON RECLAMATION Reclaimed well sites provide greater species diversity and herbaceous production compared to undisturbed native rangelands.

habitat with greater species diversity and production we are providing wildlife with better production and food sources than were available prior to disturbance.

The documented presence of pollinators on reclaimed locations supports the continued growth of flowering plants and plant diversity.

We plant native, locally sourced seed adapted to the area. This allows the established vegetation to survive and continue to provide habitat and feed to wildlife and livestock during harsh conditions.

Our goal in restoring habitat following natural gas development is not only to provide a healthier and more diverse habitat compared to undisturbed lands 5 years down the road, but to still contain greater diversity and production 60 years later. By restoring

We continue to improve the reclamation program through research, partnerships, and collaboration with interested parties.

We have a partnership with the University of Wyoming Reclamation and Restoration Center to advance our understanding of reclamation and improve and accelerate its benefits


Responsibly Produced Gas

JONAH ENERGY IS THE FIRST, AND CURRENTLY ONLY, U.S. BASED COMPANY TO ACHIEVE THE GOLD STANDARD RATING, ANNOUNCED BY THE INTERNATIONAL METHANE EMISSIONS OBSERVATORY.

Jonah Energy is focused on implementation of new technologies, demonstrated accountability, and sustainability in the protection of air, land, water and wildlife. Our Responsibly Produced Gas (RPG) initiative is at the heart of the effort to reduce our impact, particularly as it relates to methane emissions. For the past decade we’ve taken steps to reduce, measure and report emissions. We’ve reduced our methane emissions per unit of natural gas produced 68% over the past three years, resulting in one of the lowest emission intensities of any operator in the United States. This doesn’t happen in a vacuum; it requires collaboration with third parties interested in best practices, transparent measurement and establishment of performance standards. One such party is the United Nations Oil and Gas Methane Partnership (OGMP 2.0). This partnership is comprised of representatives of governments, international organizations, non-governmental organizations and the oil and gas industry. Jonah became the first U.S. company to join OGMP 2.0. More importantly, we are the first U.S. company to integrate verified emissions measurement, earning a “Gold Standard” rating. Jonah is also a member of One Future, a group of more than 40 natural gas companies working to voluntarily reduce methane emissions across the natural gas value chain of its members to 1% or less by 2025.


GRAND JUNCTION DAILY SENTINEL

THE INTERNATIONAL METHANE EMISSIONS OBSERVATORY ANNOUNCES JONAH ENERGY IS FIRST U.S. COMPANY TO ACHIEVE GOLD STANDARD EMISSIONS RATING

HOUSTON CHRONICLE OIL AND GAS COMPANIES TRACK METHANE LEAKS ON THE GROUND, IN THE AIR AND FROM SPACE

Jonah Energy is one of the leading sustainable natural gas producers in the U.S. Its multi-year efforts to innovate around emissions monitoring, measurement and reduction have resulted in one of the lowest documented emissions profiles of any producer in the country.

The responsible producer: Jonah Energy, a Denver oil and gas company, launched a methane detection program 2.5 years ago to monitor operations in the gas-producing region of western Wyoming. The company uses drones and handheld infrared cameras to spot escaping methane and dispatches technicians to fix most of the leaks on the spot.

GILLETTE NEWS RECORD ENVIRONMENTAL ACT OVERHAUL COULD BE SIGNIFICANT FOR STATE

COWBOY STATE DAILY DESPITE HURDLES, NATURAL GAS INDUSTRY CAN STABILIZE AND GROW

Jonah Energy stressed its commitment to continuing to undertake environmental reviews, even though such requirements are curtailed under the new rules.

Taking part in a program designed to encourage the responsible production of natural gas, Jonah Energy qualified its product as low emissions and also reduced surface disturbances by working with state agencies and researchers on best practices.

Jonah Energy In The News


We have commissioned and are partially financing a scientific study to understand and protect vital winter concentration areas and voluntarily agreed to limit development pending the outcome.

We are a leader in sustainable development within the sensitive sage grouse habitat

We are a leader in the Wyoming Sage Grouse Implementation Plan, a milestone in the protection of this species, and have worked for over a decade with conservation organizations and Wyoming officials to design, lead and implement a program that precluded the need to list the Greater Sage Grouse as endangered. We partner with wildlife protection organizations including The Nature Conservancy and National Audubon Society to bring better science and practices to the protection of wildlife.

ALL OF JONAH ENERGY’S NEW PROJECTS ADDRESS AND ANALYZE AT LEAST 29 RESOURCES AIR QUALITY • CLIMATE CHANGE • CULTURAL RESOURCES • CUMULATIVE IMPACTS • HEALTH AND SAFETY • INVASIVE SPECIES • LAND USE • LIVESTOCK GRAZING • MITIGATION • NEPA PROCESS • OIL AND GAS OPERATIONS • POLICIES • REGULATIONS AND PERMITTING • RECLAMATION • RECREATION • SOCIAL AND ECONOMIC • SOILS • SPECIAL STATUS SPECIES • STAKEHOLDER INVOLVEMENT • SURFACE DISTURBANCE • TRAFFIC AND TRANSPORTATION • VEGETATION AND WETLANDS • VISUAL • WATER • WILD HORSES • WILDLIFE


We empower our employees to protect and enhance our environment

Jonah Energy works with the Bureau of Land Management, Wyoming Game and Fish Department, conservation groups and other partners to preserve and enhance wildlife corridors and habitat. We help create and maintain wildlife friendly fences, provide much needed water and support enhanced conservation protections.

“Jonah Energy has been a valuable and reliable partner in Sage-grouse and migration issues, and has been instrumental in moving the entire oil and gas industry to a standard of avoiding and minimizing ecological impacts in western Wyoming. Their willingness to speak up and represent the industry is much appreciated, and has made a difference in how we get conservation done in Wyoming.” — Bob Budd, Executive Director, Wyoming Wildlife and Natural Resource Trust


We have a track record of developing and implementing leading air emission practices Our leadership has led to the formation of new state environmental regulations on emissions and groundwater protections.

OUR INTENSIVE METHANE REDUCTION EFFORTS APPLY CUTTING EDGE TECHNOLOGY AND EXCEED INSPECTION AND REPAIR FREQUENCY REQUIREMENTS. THESE EFFORTS HAVE LED TO ONE OF THE INDUSTRY’S LOWEST METHANE INTENSITY RATES OF 0.08% BASED ON THE EPA-APPROVED ONE FUTURE REPORTING PROTOCOLS, WHICH EXCEED EPA REPORTING STANDARDS. JONAH’S METHANE INTENSITY ALSO EXCEEDS THE ONE FUTURE 2025 TARGET OF 0.28% FOR THE PRODUCTION SECTOR.

“As the smallest upstream OGMP 2.0 member, Jonah Energy is leading the way and has turned in one of the most comprehensive first-year submissions, progressing far ahead on the Gold Standard pathway. We applaud Jonah Energy’s leadership and congratulate Jonah for being the first U.S. company to reach the highest standard for their methane reporting plan in the oil and gas industry.” Manfredi Caltagirone, interim head of UNEP’s International Methane Emissions Observatory


How Jonah Energy detects, measures and reduces methane emissions: • ENHANCED LEAK DETECTION USING HANDHELD AND DRONE-BASED OGI CAMERAS • GREEN (FLARELESS) COMPLETION PROGRAM • SIGNIFICANT CONSOLIDATION OF FACILITIES TO REDUCE EMISSION SOURCES • AERIAL METHANE LEAK DETECTION AND SOURCE QUANTIFICATION • FIXED EMISSION MONITORING AND MEASUREMENT • APPLYING NEW TECHNOLOGY TO CONTROL PERMITTED EMISSIONS FROM PNEUMATIC DEVICES

Pathway to Measurement We recognize the limitations of traditional calculated emission reporting and are committed to a path to direct measurement of emissions. Direct measurement promotes transparency and confidence in reporting and provides a comprehensive understanding of an operator’s emission profile that can be used to inform capital expenditures to control or eliminate emission sources.

THE GOAL:

DEMONSTRATED DIRECT MEASUREMENT AND EMISSION REDUCTION PROGRAMS THAT THE PUBLIC CAN TRUST.


We reduce freshwater consumption through our industry-leading water recycle and reuse program

0 2.5x 100% 25% -55%

None of our water is sourced from surface withdrawals (i.e. rivers and lakes) We protect area aquifers by protective well casing covering 2.5 times the vertical depth of all known aquifers 100% of all water generated from our completions is recycled 25% of all our produced water is recycled We have reduced freshwater consumption by over 55% in the past 4 years

409 The number of Olympic-sized swimming pools that we would fill with the amount of oil and produced water we handle on an annual basis

0.25

INCHES

The depth to which we would fill one (1) Olympicsized swimming pool with the volume we have spilled in a year

WE SAMPLE GROUNDWATER WELLS ANNUALLY.

We handled 4,544,767 barrels of produced water in 2020. Our spill volume was 9.8 barrels or 0.0002% We handled 1,893,846 barrels of condensate and spilled 39.0 barrels or 0.002% in 2020, virtually all recovered


We invest in solar power to reduce our impact, footprint and increase efficiencies

WE UTILIZE SOLAR POWER ON OVER 4,000 FIELD UNITS GENERATING OVER 1.73MW OF ENERGY DAILY VIA SOLAR POWER, ENOUGH TO POWER 397 HOMES...

…AND BY USING DISTRIBUTED POWER GENERATION WE MINIMIZE THE USE OF UTILITY POLES, OVERHEAD POWER LINES AND TRANSFORMERS WHICH MINIMIZES THE IMPACT TO WILDLIFE HABITAT.


We take pride in the ability and willingness of our team to give back to those in need

Each year Jonah Energy partners with Sublette County Sexual Assault Family Violence (SAFV) Task Force through funding and volunteer support to provide protection, assistance and support to the victims of domestic violence, sexual assault and stalking. Our joint mission is a commitment to ending violence through prevention education and social change.

We work to reduce hunger in our communities through our partnership with the Food Bank of the Rockies. This year alone we have raised funds to provide thousands of meals.

Each year, Jonah Energy assembles and donates bikes for the kids to help promote a healthy lifestyle for Wish for Wheels, a nonprofit organization that gives brand new bikes and helmets to kids in low income communities.


JONAH ENERGY PARTNERS WITH HABITAT FOR HUMANITY BY PROVIDING VOLUNTEER TIME AND FINANCIAL SUPPORT FOR BUILDING HOUSES ANNUALLY.

WE SUPPORT FISHING FOR THE FIGHT, KICKING CANCER AND COWBOYS AGAINST CANCER TO REDUCE THE FINANCIAL BURDEN OF CANCER TREATMENT.

We also have a matching program to encourage our employees to contribute to causes and organizations that make an impact on our environment and communities.

Our employees give to diverse and impactful organizations, such as: WYOMING STATE 4-H FOUNDATION

KICKIN CANCER IN SUBLETTE COUNTY

PINEDALE FINE ARTS COUNCIL

COLORADO HEALING FUND

DENVER CHILDREN’S HOME

CHILDREN’S LEARNING CENTER

COWBOYS AGAINST CANCER

AND 160 OTHER CHARITIES


Our people are our most important resource and the key to our success

WE VALUE OUR PEOPLE, AND SUPPORT THEM WITH ROBUST BENEFITS PLANS RETIREMENT: Jonah Energy has established a matching 401(k) Plan for the benefit of its full and part-time employees. In addition, Jonah Energy provides employees with a discretionary contribution. PAID TIME OFF POLICY: Jonah Energy recognizes it is important and necessary to provide employees with opportunities to take time-off in order to recharge, attend to personal and family responsibilities, pursue personal endeavors and enjoy leisure time with family and friends. TUITION ASSISTANCE: Jonah Energy is committed to the ongoing development of employees and encourages

employees to pursue a greater level of knowledge, skill and expertise through continuing education, training and seminar participation and tuition reimbursement opportunities. COMPANY PAID BENEFITS: Jonah Energy offers its full and part-time employees a generous health insurance program, paid Short and Long-Term Disability benefits, as well as Basic Life and AD&D policies at no cost to the employee. EMPLOYEE ASSISTANCE PROGRAMS (EAP) EAP is offered to all employees and their immediate family members at no cost. The counseling program provides resources and support for a variety of life matters.


Safety is a core value We operate safely for each other, our contractors, our communities and our environment PERIODIC SAFETY TRAINING COURSES ARE MANDATORY FOR ALL JONAH ENERGY EMPLOYEES (INCLUDING OUR CEO)

2,695,584/6 DESPITE DRIVING ALMOST 2.7 MILLION WORK-RELATED MILES IN 2020, ENOUGH TO CIRCLE THE GLOBE OVER 108 TIMES, OUR EMPLOYEES ONLY HAD 6 PREVENTABLE VEHICLE ACCIDENTS AND ALL OF THEM WERE MINOR.


Our activities have a substantial economic benefit to our communities SINCE OUR INCEPTION IN MAY OF 2014 WE HAVE CONTRIBUTED NEARLY $790 MILLION IN STATE AND FEDERAL TAXES AND ROYALTIES ($422 MILLION FEDERAL AND $365 MILLION STATE) IN OTHER WORDS, IN OUR SEVEN-YEAR HISTORY, WE HAVE FUNDED NEARLY $1,400 IN TAXES AND ROYALTIES FOR EACH OF WYOMING’S 575,000 RESIDENTS.


The incentive compensation program at Jonah Energy includes goals for safety, spill avoidance and emissions reductions, in addition to traditional operational and financial metrics

“The Jonah culture embraces respect for our stakeholders by taking our environmental, operational and financial goals seriously. All of our employees have a direct financial interest in the achievement of these important objectives.” — Pat Welch, Jonah Energy CFO

WE MAINTAIN A COMPANY ETHICS POLICY THAT ENCOURAGES EMPLOYEES TO RAISE CONCERNS AND REPORT ANY TYPE OF MISCONDUCT OR SUSPECTED MISCONDUCT ANONYMOUSLY.

WE OPERATE AN ETHICS HOTLINE WHERE EMPLOYEES MAY REPORT ISSUES OR CONCERNS ANONYMOUSLY.


Jonah Energy’s Purpose, Vision and Values

OUR PURPOSE

We create exceptional value for our investors and our people by acquiring, operating and developing oil and gas fields with unappreciated potential.

OUR VISION

To be recognized as the industry’s most successful acquisition and development company for our consistent track record of responsibly delivering exceptional operating and commercial performance in every facet of our business.


Our Values We have a PASSION for Jonah Energy, and are committed to growing our company through a culture that embraces our core values. We RESPECT each other and our communities, obey laws, and are responsible corporate citizens. We are a HIGH-PERFORMANCE organization, delivering on our promises and driving continuous improvement through teamwork and innovation. We are committed to ensuring the SAFETY of our people and respecting the environment in which we operate. We conduct ourselves with INTEGRITY, which means that we do the right thing, do what we say we will do, communicate candidly and honestly – even if the message is difficult, and treat our reputation as a precious asset. We possess a focused AMBITION to strive and succeed, recognizing that continuous growth by each individual pushes us to new heights for the benefit of all and at the expense of none. We achieve our goals in a thoughtful and disciplined manner through the EMPOWERMENT of our people. We leverage our diverse strengths, skills and experiences through COLLABORATION to produce rapid and effective decisions. We apply COMMERCIALITY in our decisions, performing the analysis necessary to deploy capital in the most efficient and effective manner.


NOVEMBER 2021 Jonah Energy LLC 370 17th Street, Suite 2900 Denver, Colorado 80202 jonahenergy.com


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