RMP Investment Highlights Strategically 100% of RMP acreage dedications are located within the dry gas core of the Marcellus Shale and Utica Shales Located RICEs concentrated dry gas core position + multi-well pad drilling = minimal…
Premier E&P Sponsorship RICE RICE owns 100% of the GP and IDRs and a 41% LP ownership, creating alignment between RMP and RICE 750MM Credit Facility DE Rice Midstream 300MM Credit Facility + Holdings LLC 100MM Accordion…
RMP: High Growth MLP in Prolific Appalachian Basin ASSET OVERVIEW SYSTEM MAP PA gas gathering system of 4.1 MMDth/d design Legend RMP Gathering Pipeline capacity by YE2015 RMP Gathering PipelineBeaver to be Constructed Oversized to…
RMP Gathering and Water System Build-out RMPs midstream system has grown significantly since 2013 SUMMARY 2011 2012 PA gathering system oversized to accommodate future growth and emerging PA Utica potential Mileage: 111 miles by…
RMP 3rd Party Dedications from Top Operators in the Basin OVERVIEW SYSTEM MAP High quality 3rd party operators with active Legend RMP Gathering Pipeline development programs RMP Gathering PipelineBeaver to be Constructed EQT and…
Industry-Leading Throughput Growth 3Q 2015 throughput of 990 MDth/d through RICE and RMP midstream systems (23% 3rd Party), 12% increase from 2Q15 throughput RMP System: 671 MDth/d (17% 3rd Party) RICE OH System: 319 MDth/d (36% 3rd…
Attractive Drop Down Potential OH Gathering OVERVIEW SYSTEM MAP Includes OH gas gathering and compression Jefferson assets OH PA Harrison OH gathering 3Q15 throughput of 319 MDth/d WV 36% 3rd party Gathering throughput driven by…
Attractive Drop Down Potential Strategic GPOR JV TRANSACTION OVERVIEW STRATEGIC RATIONALE RICE and GPOR executed a non-binding LOI to form midstream JV strengthens Rices leading midstream position in the core of JV to provide gas…
Successful Water Services Business Acquisition SummaryTRANSACTION OVERVIEW TRANSACTION HIGHLIGHTS RMP acquired Rice Energys water business for consideration of 200 Immediately accretive to distributable cash flow per unit & RMP million…
Acquisition Assets Integrated Water Services Business WATER SERVICES BUSINESS OVERVIEW WATER DISTRIBUTION SYSTEM MAP Delivers fresh water to well pads for completions Beaver Carroll Allegheny Collects, recycles or disposes of flowback…
RMP Third Quarter 2015 Financial Summary Solid third quarter results supported by strong throughput growth, well capitalized balance sheet and ample liquidity FINANCIAL SUMMARY DISTRIBUTIONS Third quarter average daily throughput of…
RMP Financial Overview CAPITALIZATION AND LIQUIDITY AT 9/30/15(1) 2015 UPDATED GUIDANCE(2) in millions, except per share data, as of 9/30/15 2015 Capital Budget (in millions) Common Units 42 Subordinated Units 29 Gas Gathering 100…
RICE Overview 14 www.riceenergy.com
Concentrated, Core Assets COMPANY TOTAL CORE ASSETS Highly concentrated position of 147,000 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% 168% 175% 20-30% Returns at Strip Pricing 169%…
Strong Balance Sheet with Stable and Predictable Cash Flows RICE is capable of funding 100% of 2015 capital plan with liquidity on-hand Favorable credit metrics & covenants ensure flexibility CASH & REVOLVER CAPACITY 9/30/15 MM…
Strong Execution Drives Consistent Results PENNSYLVANIA OPERATIONAL HIGHLIGHTS OHIO OPERATIONAL HIGHLIGHTS Concentrated core Marcellus assets in southwestern PA Concentrated core Utica assets in southeastern OH 114 net Marcellus wells…
Industry Activity Concentrated in the Core RICEs assets are located in the three most active counties in Appalachia Appalachia Rig Counts(1): 2007 - 2015 December 2015: 61 Rigs 200 Early 2012 Activity migrated to most economic…
Diverse Market Exposure FT portfolio includes 1.3 MMDth/d (1.2 Bcf/d) of firm capacity to premium North American markets(1) Canada (MDth/d) Canadian Markets 2015 2016 2017 4 25 75 Northeast (MDth/d) 2015 2016 2017 282 201 191…
Basis Exposure and Realized Pricing BASIS EXPOSURE AND BASIS DIFFERENTIAL 100% -/MMBtu Expect Appalachian basis exposure 13% (M2/M3/DTI) to decrease throughout 90% 24% 30% 23% (0.05) the year as firm transportation projects 80%…
RICE Third Quarter 2015 Financial Summary Solid third quarter results supported by well-capitalized balance sheet and ample liquidity FINANCIAL SUMMARY FINANCIAL & OPERATING STATISTICS 3Q15 net production of 609 MMcfe/d; 15% increase…
RMP and RICE Market Snapshot Rice Midstream Partners LP Rice Energy Inc. (NYSE: RMP) (NYSE: RICE) millions, except per unit data, as of 11/4/15 millions, except per share data, as of 11/4/15 Common Units(1) 42 Management Ownership…
Appendix 24 www.riceenergy.com
Efficient Capital Allocation Drives Strong 2015 Growth 2015E UPDATED E&P GUIDANCE(1) D&C & Land Capital Expenditures Net Wells Turned to Sales(2) Average Net Daily Production MM Wells MMcfe/d 520 900 830 50 46 500 43 800 730 700 40 7…
2015 Updated RICE Guidance E&P GUIDANCE(1) Net Wells Spud Guidance Production Guidance Pennsylvania 41 Total Net Production (MMcfe/d) 515 525 Operated Utica(2) 20 % Natural gas 100 % Non-operated Utica 9 % Marcellus 75 % Ohio(2) 29…
Ohio Q3 2015 Production Summary Top 100 Wells RICE & GPOR Partnership Proving to be a Powerhouse 1,088 Utica Shale wells producing in Q3 2015(1) - RICE & GPOR partnership takes top 21 wells (300 MMcfe/d avg) Quality over Quantity:…
Differentiated Long-Term Production per Well Our drilling and completion techniques have yielded greater production profile per well than our peers WASHINGTON AND GREENE COUNTY HISTORICAL PRODUCTION (1) UTICA AND SUSQUEHANNA, PA…
Pennsylvania Utica: A Natural Extension for Rice Significant Utica potential underlies RICEs Pennsylvania assets RICE Acreage RICE PA UTICA POTENTIAL Current Rig(1) RRC Test: 59 MMcfe/d Acreage highly prospective and geologically…
2015 Midstream System Statistics Marcellus (PA) Utica (OH) Gathering and Compression Statistics YE14 YE15 Gathering and Compression Statistics YE14 YE15 Gas Gathering Pipeline Mileage (miles) 81 111 Gas Gathering Pipeline Mileage…
Marcellus Single Well Economics TYPE WELL VERSUS HISTORICAL PRODUCTION (NORMALIZED FOR 7,000 LATERAL) (1) Restricted Rate 16.0 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 Potential RICEs peer-leading production growth is driven by a focus on well quality, not quantity RICE reached over 800 MMcfe/d of gross operated production with fewer wells than…
RMP 3Q 2015 Adjusted EBITDA and DCF Reconciliation Three Months Ended Nine Months Ended ( in thousands) September 30, 2015 September 30, 2015 Adjusted EBITDA reconciliation to loss from continuing operations: Net income 12,270…
RICE 3Q 2015 Adjusted EBITDAX Reconciliation Three Months Ended Nine Months Ended ( in thousands) September 30, 2015 September 30, 2015 Adjusted EBITDAX reconciliation to net income (loss): Net income 65,084 6,254 Interest expense…
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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