@ l dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??3SRC ENERGY INC SIGNATURES Balance SheetIncome Statement Cash FlowsShareholders Equity!CONDENSED CONSOLIDATED STATEMENMajor CustomersMajor Customers (1)Change in estimateCapitalized OverheadCapitalized Overhead (1)Capitalized Overhead (2)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1) Stock optionsStock options (1)!Restricted stock units and stoc!Absolute Total Shareholder Retu!Absolute Total Shareholder (1)!Absolute Total Shareholder (2)!Absolute Total Shareholder (3)!13 Revenue from Contracts with 14 Leases 14 Leases (1) 14 Leases (2) 14 Leases (3) 14 Leases (4) 14 Leases (5)Oil Commitments LitigationMarket ConditionsCore OperationsCore Operations (1)!Oil Natural Gas and NGL ProductLOEDD A General and Administrative G ASources and UsesCapital ExpendituresAdjusted EBITDALegal ProceedingsItem 6 ExhibitsU }y#}$ SRC Energy Inc.10-Q 05/01/2019Market Conditions $ Three Months Ended March 31,~ ~ Oil (NYMEX-WTI) Average NYMEX Price ףp=jK@ RqO@ Realized Price * ףp=*H@zGL@Differential *Q%Natural Gas (NYMEX-Henry Hub)Average NYMEX Price333333 @~ Realized Price *)\(@Q@Differential *)\(QNGL Realized PriceGz.)@fffff&3@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<~rf_2R\=PF0*8X> @ l dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??3SRC ENERGY INC SIGNATURES Balance SheetIncome Statement Cash FlowsShareholders Equity!CONDENSED CONSOLIDATED STATEMENMajor CustomersMajor Customers (1)Change in estimateCapitalized OverheadCapitalized Overhead (1)Capitalized Overhead (2)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1) Stock optionsStock options (1)!Restricted stock units and stoc!Absolute Total Shareholder Retu!Absolute Total Shareholder (1)!Absolute Total Shareholder (2)!Absolute Total Shareholder (3)!13 Revenue from Contracts with 14 Leases 14 Leases (1) 14 Leases (2) 14 Leases (3) 14 Leases (4) 14 Leases (5)Oil Commitments LitigationMarket ConditionsMarket Conditions (1)Core Operations (1)!Oil Natural Gas and NGL ProductLOEDD A General and Administrative G ASources and UsesCapital ExpendituresAdjusted EBITDALegal ProceedingsItem 6 ExhibitsU }U}$ }U}$ }U}$ } $} $ }U} $ }U}$ SRC Energy Inc.10-Q 05/01/2019Core Operations Vertical WellsOperated WellsNon-Operated WellsTotals GrossNet Gross Net GrossNet~ ~ ~ ~ ~ " ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*yhth l=PF0*8X> @j l dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??3SRC ENERGY INC SIGNATURES Balance SheetIncome Statement Cash FlowsShareholders Equity!CONDENSED CONSOLIDATED STATEMENMajor CustomersMajor Customers (1)Change in estimateCapitalized OverheadCapitalized Overhead (1)Capitalized Overhead (2)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1) Stock optionsStock options (1)!Restricted stock units and stoc!Absolute Total Shareholder Retu!Absolute Total Shareholder (1)!Absolute Total Shareholder (2)!Absolute Total Shareholder (3)!13 Revenue from Contracts with 14 Leases 14 Leases (1) 14 Leases (2) 14 Leases (3) 14 Leases (4) 14 Leases (5)Oil Commitments LitigationMarket ConditionsMarket Conditions (1)Core Operations!Oil Natural Gas and NGL ProductLOEDD A General and Administrative G ASources and UsesCapital ExpendituresAdjusted EBITDALegal ProceedingsItem 6 ExhibitsU }U}$ }U}$ }U}$ } $} $ }U} $ }U}$ SRC Energy Inc.10-Q 05/01/2019Core Operations Horizontal WellsOperated WellsNon-Operated WellsTotals GrossNet Gross Net GrossNet~ ~ J ~ ~ ~ ~ 6 $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*{hthj=PF0*8X> @j l " dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??3SRC ENERGY INC SIGNATURES Balance SheetIncome Statement Cash FlowsShareholders Equity!CONDENSED CONSOLIDATED STATEMENMajor CustomersMajor Customers (1)Change in estimateCapitalized OverheadCapitalized Overhead (1)Capitalized Overhead (2)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1) Stock optionsStock options (1)!Restricted stock units and stoc!Absolute Total Shareholder Retu!Absolute Total Shareholder (1)!Absolute Total Shareholder (2)!Absolute Total Shareholder (3)!13 Revenue from Contracts with 14 Leases 14 Leases (1) 14 Leases (2) 14 Leases (3) 14 Leases (4) 14 Leases (5)Oil Commitments LitigationMarket ConditionsMarket Conditions (1)Core OperationsCore Operations (1)LOEDD A General and Administrative G ASources and UsesCapital ExpendituresAdjusted EBITDALegal ProceedingsItem 6 ExhibitsU }}$ } $} $ " SRC Energy Inc.10-Q 05/01/201991Oil, Natural Gas, and NGL Production and Revenues $ Three Months Ended March 31, Percentage~ ~ ChangeProduction: Oil (MBbls) 1~ ^. ~ ~ %Natural Gas (MMcf) 2~ ~ x~ %NGLs (MBbls) 1~ z~ ~ %MBOE 3~ ~\~ ?~ % BOED 4~ ~ V~ % Revenues (in thousands): Oil~ "~ ~ n %Natural Gas~ ~ ~ 2 %NGLs~ ^~ ~ %~ >~ ~ v %Average sales price: Oil 5 ףp=*H@zGL@~ % Natural Gas 5)\(@Q@~ J %NGLsGz.)@fffff&3@~ z % BOE 5RQ?@ ףp=A@~ %$____________________________D`lvj^RFlG?I+6g_`T !1 )Created by Morningstar Document Research.0!(http://documentresearch.morningstar.com/=PF0*8X> @"!! l dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??3SRC ENERGY INC SIGNATURES Balance SheetIncome Statement Cash FlowsShareholders Equity!CONDENSED CONSOLIDATED STATEMENMajor CustomersMajor Customers (1)Change in estimateCapitalized OverheadCapitalized Overhead (1)Capitalized Overhead (2)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1) Stock optionsStock options (1)!Restricted stock units and stoc!Absolute Total Shareholder Retu!Absolute Total Shareholder (1)!Absolute Total Shareholder (2)!Absolute Total Shareholder (3)!13 Revenue from Contracts with 14 Leases 14 Leases (1) 14 Leases (2) 14 Leases (3) 14 Leases (4) 14 Leases (5)Oil Commitments LitigationMarket ConditionsMarket Conditions (1)Core OperationsCore Operations (1)!Oil Natural Gas and NGL ProductDD A General and Administrative G ASources and UsesCapital ExpendituresAdjusted EBITDALegal ProceedingsItem 6 ExhibitsU }}$ SRC Energy Inc.10-Q 05/01/2019LOE $ Three Months Ended March 31,~ ~ Production costs~ ~ x Workover~ > ~ Total LOE~ B~ b{Per BOE:Production costs\(\@= ףp=?Workover{Gz?{Gz? Total LOEq= ףp@zG?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6{tPw?" =PF0*8X> @ l dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??3SRC ENERGY INC SIGNATURES Balance SheetIncome Statement Cash FlowsShareholders Equity!CONDENSED CONSOLIDATED STATEMENMajor CustomersMajor Customers (1)Change in estimateCapitalized OverheadCapitalized Overhead (1)Capitalized Overhead (2)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1) Stock optionsStock options (1)!Restricted stock units and stoc!Absolute Total Shareholder Retu!Absolute Total Shareholder (1)!Absolute Total Shareholder (2)!Absolute Total Shareholder (3)!13 Revenue from Contracts with 14 Leases 14 Leases (1) 14 Leases (2) 14 Leases (3) 14 Leases (4) 14 Leases (5)Oil Commitments LitigationMarket ConditionsMarket Conditions (1)Core OperationsCore Operations (1)!Oil Natural Gas and NGL ProductLOE General and Administrative G ASources and UsesCapital ExpendituresAdjusted EBITDALegal ProceedingsItem 6 ExhibitsU }*}$ SRC Energy Inc.10-Q 05/01/2019DD A $ Three Months Ended March 31,(in thousands)~ ~ +#Depletion of oil and gas properties~ ~ 4" Depreciation and accretion~ J ~ N Total DD&A~ ڷ~ fCDD&A expense per BOEGz$@)\("@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0s.rB=PF0*8X> @r l < dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??3SRC ENERGY INC SIGNATURES Balance SheetIncome Statement Cash FlowsShareholders Equity!CONDENSED CONSOLIDATED STATEMENMajor CustomersMajor Customers (1)Change in estimateCapitalized OverheadCapitalized Overhead (1)Capitalized Overhead (2)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1) Stock optionsStock options (1)!Restricted stock units and stoc!Absolute Total Shareholder Retu!Absolute Total Shareholder (1)!Absolute Total Shareholder (2)!Absolute Total Shareholder (3)!13 Revenue from Contracts with 14 Leases 14 Leases (1) 14 Leases (2) 14 Leases (3) 14 Leases (4) 14 Leases (5)Oil Commitments LitigationMarket ConditionsMarket Conditions (1)Core OperationsCore Operations (1)!Oil Natural Gas and NGL ProductLOEDD ASources and UsesCapital ExpendituresAdjusted EBITDALegal ProceedingsItem 6 ExhibitsU }}$ SRC Energy Inc.10-Q 05/01/2019*"General and Administrative ("G A") $ Three Months Ended March 31,(in thousands)~ ~ G&A costs incurred~ ~ Capitalized costs~ J ~ Total G&A~ ~ Non-Cash G&A~ 9~ +Cash G&A~ jZ~ Rj Total G&A~ ~ Non-Cash G&A per BOEףp= ?(\?Cash G&A per BOE\(\?Q?G&A Expense per BOE?@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<ymaU!o?>B=PF0*8X> @ l dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??3SRC ENERGY INC SIGNATURES Balance SheetIncome Statement Cash FlowsShareholders Equity!CONDENSED CONSOLIDATED STATEMENMajor CustomersMajor Customers (1)Change in estimateCapitalized OverheadCapitalized Overhead (1)Capitalized Overhead (2)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1) Stock optionsStock options (1)!Restricted stock units and stoc!Absolute Total Shareholder Retu!Absolute Total Shareholder (1)!Absolute Total Shareholder (2)!Absolute Total Shareholder (3)!13 Revenue from Contracts with 14 Leases 14 Leases (1) 14 Leases (2) 14 Leases (3) 14 Leases (4) 14 Leases (5)Oil Commitments LitigationMarket ConditionsMarket Conditions (1)Core OperationsCore Operations (1)!Oil Natural Gas and NGL ProductLOEDD A General and Administrative G ACapital ExpendituresAdjusted EBITDALegal ProceedingsItem 6 ExhibitsU }8}$ SRC Energy Inc.10-Q 05/01/2019Sources and Uses $ Three Months Ended March 31,~ ~ 'Net cash provided by operations~ ~ Capital expenditures~ ~ ~ 7/Net cash provided by other investing activities~ ~ b7/Net cash provided by (used in) equity financing~ R~ activities2*Net cash used in debt financing activities~ ~ R/'Net increase in cash, cash equivalents,~ p~ fand restricted cash$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4sg4YR=PF0*8X> @ l dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??3SRC ENERGY INC SIGNATURES Balance SheetIncome Statement Cash FlowsShareholders Equity!CONDENSED CONSOLIDATED STATEMENMajor CustomersMajor Customers (1)Change in estimateCapitalized OverheadCapitalized Overhead (1)Capitalized Overhead (2)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1) Stock optionsStock options (1)!Restricted stock units and stoc!Absolute Total Shareholder Retu!Absolute Total Shareholder (1)!Absolute Total Shareholder (2)!Absolute Total Shareholder (3)!13 Revenue from Contracts with 14 Leases 14 Leases (1) 14 Leases (2) 14 Leases (3) 14 Leases (4) 14 Leases (5)Oil Commitments LitigationMarket ConditionsMarket Conditions (1)Core OperationsCore Operations (1)!Oil Natural Gas and NGL ProductLOEDD A General and Administrative G ASources and UsesAdjusted EBITDALegal ProceedingsItem 6 ExhibitsU }0.}$ SRC Energy Inc.10-Q 05/01/2019Capital Expenditures $ Three Months Ended March 31,~ ~ -%Capital expenditures for drilling and~ j~ completion activities.&Acquisitions of oil and gas properties~ ~ and leasehold 1.&Capitalized interest, capitalized G&A,~ ~ and other,$Accrual basis capital expenditures 2~ ~ ($____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4{oc* | ymE=PF0*8X> @r l d dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??3SRC ENERGY INC SIGNATURES Balance SheetIncome Statement Cash FlowsShareholders Equity!CONDENSED CONSOLIDATED STATEMENMajor CustomersMajor Customers (1)Change in estimateCapitalized OverheadCapitalized Overhead (1)Capitalized Overhead (2)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1) Stock optionsStock options (1)!Restricted stock units and stoc!Absolute Total Shareholder Retu!Absolute Total Shareholder (1)!Absolute Total Shareholder (2)!Absolute Total Shareholder (3)!13 Revenue from Contracts with 14 Leases 14 Leases (1) 14 Leases (2) 14 Leases (3) 14 Leases (4) 14 Leases (5)Oil Commitments LitigationMarket ConditionsMarket Conditions (1)Core OperationsCore Operations (1)!Oil Natural Gas and NGL ProductLOEDD A General and Administrative G ASources and UsesCapital ExpendituresLegal ProceedingsItem 6 ExhibitsU }6}$ SRC Energy Inc.10-Q 05/01/2019Adjusted EBITDA $ Three Months Ended March 31,~ ~ Adjusted EBITDA: Net income~ ^ ~ .&Depreciation, depletion, and accretion~ ڷ~ fC( Stock-based compensation expense~ 9~ +.&Mark-to-market of commodity derivative contracts:5-Total loss on commodity derivatives contracts~ f~ VZ0(Cash settlements on commodity derivative~ JH~ contracts3+Cash premiums paid for commodity derivative~ - contractsInterest income~ ~ Income tax expense~ ~ ZAdjusted EBITDA~ Ƽ ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/BXth` ,GH3z=PF0*8X> @ l ' dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??3SRC ENERGY INC SIGNATURES Balance SheetIncome Statement Cash FlowsShareholders Equity!CONDENSED CONSOLIDATED STATEMENMajor CustomersMajor Customers (1)Change in estimateCapitalized OverheadCapitalized Overhead (1)Capitalized Overhead (2)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1) Stock optionsStock options (1)!Restricted stock units and stoc!Absolute Total Shareholder Retu!Absolute Total Shareholder (1)!Absolute Total Shareholder (2)!Absolute Total Shareholder (3)!13 Revenue from Contracts with 14 Leases 14 Leases (1) 14 Leases (2) 14 Leases (3) 14 Leases (4) 14 Leases (5)Oil Commitments LitigationMarket ConditionsMarket Conditions (1)Core OperationsCore Operations (1)!Oil Natural Gas and NGL ProductLOEDD A General and Administrative G ASources and UsesCapital ExpendituresAdjusted EBITDAItem 6 ExhibitsU }0}$ }}$ SRC Energy Inc.10-Q 05/01/2019Legal Proceedings Period ( Total Number of Shares Purchased $ Average Price Paid per Share.&January 1, 2019 - January 31, 2019 (1)~ *@0(February 1, 2019 - February 28, 2019 (1)~ (\@* "March 1, 2019 - March 31, 2019 (1) ~ Q@ Total~ b $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,|~rfr=PF0*8X> @B l +g8b; dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??3SRC ENERGY INC SIGNATURES Balance SheetIncome Statement Cash FlowsShareholders Equity!CONDENSED CONSOLIDATED STATEMENMajor CustomersMajor Customers (1)Change in estimateCapitalized OverheadCapitalized Overhead (1)Capitalized Overhead (2)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1) Stock optionsStock options (1)!Restricted stock units and stoc!Absolute Total Shareholder Retu!Absolute Total Shareholder (1)!Absolute Total Shareholder (2)!Absolute Total Shareholder (3)!13 Revenue from Contracts with 14 Leases 14 Leases (1) 14 Leases (2) 14 Leases (3) 14 Leases (4) 14 Leases (5)Oil Commitments LitigationMarket ConditionsMarket Conditions (1)Core OperationsCore Operations (1)!Oil Natural Gas and NGL ProductLOEDD A General and Administrative G ASources and UsesCapital ExpendituresAdjusted EBITDALegal ProceedingsU }I }$ }6 + SRC Energy Inc.10-Q 05/01/2019Item 6. Exhibits Exhibit ExhibitNumber?@0(Certification of the Principal Executive . &Officer pursuant to Rule 13a-14(a) and1)Rule 15d-14(a) of the Securities Exchange4,Act of 1934, as adopted, pursuant to Section/'302 of the Sarbanes-Oxley Act of 2002 *333333?@0(Certification of the Principal Financial.&Officer pursuant to Rule 13a-14(a) and1)Rule 15d-14(a) of the Securities Exchange4,Act of 1934, as adopted, pursuant to Section/'302 of the Sarbanes-Oxley Act of 2002 *@@1)Certifications of the Principal Executive/'Officer and Principal Financial Officer5-pursuant to 18 USC 1350, as adopted, pursuant0(to Section 906 of the Sarbanes-Oxley Act of 2002 **101.INSXBRL Instance Document101.SCH&XBRL Taxonomy Extension Schema101.CAL4,XBRL Taxonomy Extension Calculation Linkbase101.DEF3+XBRL Taxonomy Extension Definition Linkbase101.LAB.&XBRL Taxonomy Extension Label LinkbaseDz lsgCc{)BYM !"#$%&'()* 101.PRE , $XBRL Taxonomy Extension Presentation!!!Linkbase"""### $*$$Filed herewith %**%%Furnished herewith&'$(____________________________1))Created by Morningstar Document Research.0*(http://documentresearch.morningstar.com/a= =PF0*8X> @**))(( Root Entry FBook ; !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~ !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~