SunTrust Robinson Humphrey Appalachian Conference July 9, 2015
Rice Energy Strategy Allocate 100% of Capital to Core Assets with Low Break-Even Returns Convert Acreage into Cash Flow in a Low-Risk Manner Protect Returns through FT Portfolio and Systematic Hedging Promote Operational…
Concentrated, Core Assets COMPANY TOTAL CORE ASSETS Highly concentrated position of 146,000 net acres in the Legend RMP Gathering Pipeline cores of the lowest breakeven gas shale plays in the U.S. RMP Gathering Pipeline to be…
The Potency of Core Counties in Gas Shales Core Counties Produce 70% of a Plays Production Total U.S. Shale Production by County 45 TOP TEN PRODUCING COUNTIES IN US (Bcf/d) DE SOTO 40 43 Bcf/d 1.2 TARRANT 1.6 SUSQUEHANNA Total…
Industry Activity Underscores Rices Core Position Appalachia Rig Activity March 2015 Rig Counts By County 14 12 10 OH 8 PA 6 4 County Activity Levels 2 10+ Rigs Rice Acreage 0 6-10 Rigs MERCER FAYETTE…
Deep Inventory of High Returning Projects Low breakevens between 2.35-3.05/MMBtu = profitable returns throughout the commodity price cycle Inventory and Returns Summary IRR 200% 175% 171% 168% 150% 124% 125% 121% 132% 100%…
Firm Transportation De-Risks Production Growth RICE was early in identifying and securing its attractive portfolio of firm capacity Firm capacity covers 100% of 2015 and a significant portion of RICEs volumes in 2016-2018 Firm…
Efficient Capital Allocation Drives Strong 2015 Growth 2015E E&P Guidance D&C & Land Capital Expenditures Net Wells Turned to Sales (1) Average Net Daily Production MM Wells MMcfe/d 900 830 50 500 480 43 800 680 40 36 400 700 7…
Ohio Utica Dry-Gas Core Defined, Significant Growth Ahead Operational Highlights Utica Development Map Concentrated core Utica assets in southeastern OH 57,000 net acres, 98% in Belmont County (75% dry gas) RICE 62% operated and 43%…
World-Class Shale Across Entire Ohio Position Focused acreage concentration allows for quick delineation and repeatable results. RICE has no stepouts. Porosity 1150 BTU 13% 0% 1050 BTU West End East End 10 Miles 123 124…
Demonstrable Well Consistency in Ohio Geologic homogeneity yields strong wells with similar production and pressure profiles Rate vs Time Cumulative Production vs Time Managed choke program of 1.5 2.0 MMcf/d per 1000 lateral Rate…
Ohio Utica Shale Efficiency Gains in 2015 Increasing efficiencies to achieve goal of 1,500 drilling and completion cost per lateral foot by YE15. Lateral Wells Wells Wells Wells Wells Wells Wells Wells Length (ft) 1 - 10 11 20 21 30 31…
Core Utica Knows No Borders OH WV PA County Fairfield Muskingum Guernsey Belmont Ohio/Marshall Washington / Greene Depth 5000 6000 7500 9500 10,500 12,000 13,000 West East Porosity 12% Point Pleasant Core 6% 0% Peer Avg…
Strategic Midstream Assets in Appalachia Overview SYSTEM MAP RMP includes PA gathering assets Legend RMP Gathering Pipeline Retained midstream includes OH gathering RMP Gathering Pipeline to be Constructed Hancock and PA & OH…
Appendix 15 www.riceenergy.com
Economic Assumptions Summary Marcellus W. Greene Utica Dry Utica Wet Type Well Assumptions Lateral Length 7,000 7,000 8,000 8,000 Net Locations IRR (adj midstream fees) IRR (full midstream fees) EUR (Bcf/1,000') 2.0 2.0 2.5 2.2 4…
Additional Disclosures Determination of Identified Drilling Locations as of December 31, 2014 Net undeveloped locations are calculated by taking RICEs total net acreage and multiplying such amount by a risking factor which is then…
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