Rice Midstream Partners Investor Presentation June 2015 1
Investment Highlights 146K net acres in the dry gas cores of the Marcellus and Utica with 13+ year inventory in each area E&P Sponsorship Top-tier well results generate single-well returns of approximately 50%(1); PV10 breakevens below…
Premier E&P Sponsorship RICE RICE owns 100% of the GP and IDRs and a 50% LP ownership, creating alignment between RMP and RICE Rice Midstream DE 300MM Credit Facility Holdings LLC Rice Midstream IDRs OH Gathering &…
Rice Midstream Partners MLP Overview Marcellus Gathering and Compression SYSTEM MAP Initial assets: PA gas gathering system of 4.1 Legend RMP Gathering Pipeline Beaver MMDth/d capacity by YE15 RMP Gathering Pipeline to be…
RMP Gathering System Build-out SUMMARY 2011 2012 RMPs midstream system has grown significantly since 2013 As of 12/31/14, constructed 81 miles of gathering pipelines Washington Washington System will be substantially complete by…
3rd Party Midstream Dedications RMP Overview SYSTEM MAP Legend 3rd party gathering dedications RMP Gathering Pipeline Beaver RMP Gathering Pipeline 21,000 gross acres dedicated Beaver to be Constructed RICE Acreage 1Q 2015…
Industry-Leading Throughput Growth 1Q 2015 throughput of 668 MDth/d through RICE and RMP midstream systems (17% 3rd Party), 13% increase from 4Q14 throughput RMP System: 557 MDth/d (11% 3rd Party) RICE OH System: 111 MDth/d (44% 3rd…
Drop Down Opportunities Overview Overview of Assets Assets include OH gas gathering and PA/OH water Legend RICE Gathering Pipeline services RICE Gathering Pipeline to be Constructed Hancock OH Gathering 1Q 2015 throughput of 111…
RMP First Quarter 2015 Financial Summary Solid first quarter results supported by well capitalized balance sheet and ample liquidity Financial Summary(1) Capitalization and Liquidity First quarter average daily throughput of 557…
RICE Overview 10
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…
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 Transport De-Risks Production Growth RICE was early in identifying and securing its basin-leading portfolio of firm capacity Firm capacity covers 100% of 2015 and a significant portion of RICEs volumes in 2016-2018 Firm…
Industry Activity Underscores Rices Core Position Appalachia Rig Activity (1) March 2015 Rig Counts By County 14 12 OH 10 8 PA 6 4 County Activity Levels 2 10+ Rigs Rice Acreage 0 6-10 Rigs ELK SUSQUEHANNA…
Ample Liquidity and Financial Flexibility RICE is capable of funding 100% of 2015 capital plan with liquidity on-hand Favorable credit metrics & covenants ensure flexibility Cash & Revolver Capacity 3/31/15 MM 1,000 875 1.2B pro…
RMP Market Snapshot Rice Midstream Partners LP Rice Energy Inc (NYSE: RMP) (NYSE: RICE) millions, except per share data, as of 06/01/15 millions, except per share data, as of 06/01/15 Common Units 29 Management Ownership 30%…
Appendix 17
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…
Midstream System Statistics Marcellus (PA) Utica (OH) Gathering and Compression Statistics Gathering and Compression Statistics YE14 YE15 YE14 YE15 Gathering and Compression Statistics Gas Gathering Pipeline Mileage (miles) 81 111 Gas…
Right of First Offer RICE PA + OH Water Systems PA and OH Water Asset Description OVERVIEW OF ASSETS RICE is expanding two independent fresh water Hancock Beaver distribution systems to service PA and OH Allegheny completions…
Marcellus Single Well Economics Type Well Versus Historical Production (Normalized for 7,000 Lateral) (1) 16.0 Restricted Rate Cumulative Production 14.0 1 year 3.8 Bcf 12.0 2 years 5.6 Bcf 10.0 5 years 8.2 Bcf MMcf/d 8.0 10…
Utica Single Well Economics Utica Dry Type Well Curve 20.0 Cumulative Production Restricted Rate 1 year 5.2 Bcf 15.0 2 years 7.8 Bcf 5 years 11.3 Bcf MMcf/d 10 years 14.2 Bcf 10.0 EUR 20.0 Bcf 5.0 1.0 2.0 3.0 4.0…
Efficient Production Growth Demonstrates Production RICEs peer-leading production growth is driven by a focus on well quality, not quantity Potential RICE reached 500 MMcfe/d of gross operated Marcellus production with fewer wells than…
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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