The Utica Point Pleasant Play Range Resources Path to Discovery in SW PA and Future Growth Potential STRH 6th Utica Shale Mini Conference July 9, 2015 1
Overview Map Key Point Pleasant Tests Dry Gas Play 4th Qtr 2014 - Record 24 hour IP of 59 Mmcf/d at Claysville CNX Gaut 41HSU Sportsman Club. Confirmed Ranges geological interpretation for the play in SW PA. Producing on an…
Regional View Point Pleasant Play - Average TOC% The Point Pleasant interval is the key target for most of the Utica Point Pleasant exploration and development to date. Key expansion 4 potential is in the deeper dry gas window. Key…
Point Pleasant Well Performance (IP/1000 LL) Range 2014 Utica Point Pleasant test positioned in areas of highest projected IPs per stage. Well was completed for a reported IP of 59 MMCFPD following a 32 stage completion over a…
Top Tier Utica Point Pleasant Wells PA, OH, WV Lateral Length Well Operator State County IP (Mmcf/d) IP/1000' LL (Ft) Claysville Sportsman's Club 11H Range Resources PA Washington 59.0 5420 10.9 Stewart Winland Unit 1300U Magnum…
Cross Sections Regional Facies Change Major Play Driver RRC Claysville Sportsman Club Optimal production rates in play are defined by presence of high porosity/ high TOC Point Pleasant (green white) overlain by tight, non…
Key Play Driver Frac Containment Non Core Area Modeled Frac Core Area Modeled Frac Frac containment is a key driver when comparing IP/1000 rates and EUR estimates. Areas having the best Point Pleasant to Utica rock property…
Regional View Point Pleasant Total Gas in Place Claysville Sportsman Club GAS IN PLACE ANALYSIS: Claysville Sportsman 11H Bulk Density (g/cc) Gas Content (scf/ton) GIP (scf/acre-ft) GIP (BCF/section) Free Gas 2.64 240.4 863,811…
Regional View Point Pleasant Pressure Gradient Mapping areas of highest pressure gradient is a key play driver. Areas of highest pressure project into SW PA. Seismic useful in mapping reservoir quality and pressure trends.…
Regional View Point Pleasant Average Porosity BASIC ROCK PROPERTIES (GRI Method) 1E-01 1E-02 1231 Samples 1E-03 Matrix Permeability, md 1E-04 1E-05 1E-06 y = 7E-10x4.0868 1E-07 1E-08 1E-09 1E-10 Crushed Sample (20/35…
RRC Claysville Sportsmans Club Seismic/Log Section Point Pleasant Trenton Drillied in structurally quiet area defined by 3 - D seismic coverage. Approximate lateral target. Encountered excellent reservoir characteristics in…
Point Pleasant Pore System Claysville Sportsman Club Organic hosted pores FIB SEM examples from lateral target interval. Note TOC content and well developed pore network. 13
Claysville Sportsmans Club 11H Final Geosteer Report Point Pleasant Section Maintained strong gas shows throughout lateral. Ran casing with 5,420 feet of useable lateral for completion. 14
Claysville Sportsmans Club 9H Final Geosteer Report Maintained gas shows throughout lateral, significantly stronger than 11H. Ran casing with approximately 5,453 feet of useable lateral for completion. 15
Developing the Utica Point Pleasant Dry Gas Play Claysville Sportsman Club 11H - Completed 5,420 of lateral with 32 stages, 400K sand per stage and 200 stage spacing in November 2014. Initial testing and post completion testing…
Gas In Place Point Pleasant Interval Outlined portion represents the area of the highest pressure gradients in the Point Pleasant Note: Townships where Range holds 3,000 or more acres (as of 12/31/2014), and estimated as…
RRC Pennsylvania Stacked Pays Net Acreage 18
Gas in Place Total Point Pleasant/Marcellus/Upper Devonian Note: Townships where Range holds 3,000 or more acres (as of 12/31/2014), and estimated as prospective, are outlined green. GIP Range estimates. 19