Economics : Type Curve

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SW PA - Wet Area 2017 Turn in Line Forecast 3,000 2,500 Normalized McfE/Day per 1,000 ft. 2,000 1,500 1,000 500 2016 well count drops by 40% 0 0 100 200 300 400 500 600 700 800 900 1000 Days On 2016 Actual Production 2015 Actual Production 2014 Actual Production 2015-2017 Normalized Mcfe Type Curve 29
Range Resources Corp
November 2017

Marcellus Well Results Continued Strong Performance Well performance continuing to track at or above type curve expectations Average Cumulative Gas Production(1)(2) Bcf 10 Lateral Lat. length Length Less< 4,000 Than 4,000' 16 9 Lateral Lat. length Length 4,000 greater thanbut < 6,000 4,000' and less than 6,000' Lateral length 6,000 27 Lat. Length greater than 6,000' 8 7 30 13 6 49 15 Bcf Type Curve 42 72 5 81 17 10 Bcf Type Curve 4 50 95 24 3 31 52 107 31 2 109 38 1 39 0 0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 Months on Production 1) Based on wells on production since January 2014 21 2) Numbers on curves indicate gross wells
Enerplus Corp
November 2017

November 2017 2016 Marcellus Condensate Type Curve1 Results from peer operated Marcellus Condensate wells show strong performance relative to type curve; finished drilling the second of two planned Marcellus Condensate wells in 2017 to be completed using Gen 3 completions techniques Type Curve Daily Gas Production3 12 Avg Gen 1 Gas Production (MMcf/Day) 150 stage spacing 2017 Marcellus Condensate Type Curve (1.6 BCFE/1,000') Completions 100% Slickwater Design 2,300 lbs proppant 8 LL 10,000 4 Well Cost2 7.7 MM Gas IP Rate 5.5 MMcf/d 0 EUR 1.6 Bcfe/1,000 0 6 12 18 24 30 36 Months on Production % Liquids 54% Marcellus Condensate Type Curve BTIRRs Cumulative Gas Equivalent Production3 10 Avg Gen 1 Cum. Gas Equivalent (Bcfe) 101% 2017 Marcellus Condensate Type Curve (1.6 BCFE/1,000') 75% 5 0 3.00 / 55 3.30 / 60 0 6 12 18 24 30 36 Months on Production 1 Type curve economics assume the middle of the type curve area. 2 Well costs assumes Gen 3 completions costs. 3 Production history based on Eclipse non-operated well, normalized to 10,000 as of 10/17/17. 18
Eclipse Resources Corp.
November 2017

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