Sector Leading Growth ARP has executed on its growth strategy to drive substantial production and distribution increases Production(Mmcfe/d) Quarterly Distributions (/unit) 300 0.60 250 260 0.55 0.58 200 642% 45% 0.50 150 0.45…
ARP: Advantaged Business Model Expand and diversify production base through acquisition of mature, long-lived properties Over 1.4B in acquisitions in two years; Raton, Black Warrior, Barnett Diversified asset base offers operating…
ARP: Demonstration of Structural Advantages Growth through Acquisition Focus on low-decline, mature Drilling Operations production Diverse asset position in multiple Drilling focus on high margin basins liquids rich areas and…
Mississippi Lime Overview 20,000 net acres in the core of the Mississippi Lime play in northwestern OK Alfalfa, Grant and Garfield counties; oil & liquids rich portion of the play ARP HBP by Hunton production Position Drilled 32…
Acquisition History Proven success in consummating Date Seller Purchase Price accretive March 2012 187MM acquisitions Over 1.4 billion of assets acquired since May 2012 193MM ARP transactions March 2012 Substantial driver…
Raton / Black Warrior (EP Assets) Stable producing, shallow decline assets with low operating costs Assets include gathering systems Q4 2013 production of 113 MMcf/d Raton Black Warrior County Line WY CO NM Taos Colfax…
ARP: Operations Overview ARP Asset Summary 1.2 Tcfe proved reserves (2) 81% gas 64% developed 250Mmcfe/d production 90% gas Current Drilling Activity Marble Falls: 2 rigs Mississippi Lime: 2 rigs (1) Other ARP…
Marble Falls Overview 88,000 net acres primarily concentrated in Jack County, Texas Liquids rich production and drilling opportunities Drilled 96 wells to date with 88 turned in line Identified additional productive zones…
Utica & Marcellus Shale Positions Pennsylvania ARPs Utica acreage Lycoming County positions Lundy Rhodes Oil & Wet Gas Wet Dry Gas Gas Utica Shale Marcellus Shale Legacy Ohio operations include over 2,500 3,000 net…
Geographic Diversification ARP has robust geographic coverage operations in 16 states Scale of operations creates opportunities for add-on acquisitions and organic expansion Q1 2012 Production Q4 2013 Production Other Mississippi…
Cash Flow Stability Total Company Gross Margin Natural Gas Hedge Positions (1) 4.22 - Unhedged Partnership 70.0 5.12 4.72 4.80 Production Fee Margin 4.23 - 4.70 Margin 17% 60.0 5.13 4.53 4.60 Average Swap Price (/mcf) 19%…