3Q14 Supplemental Slides November 12, 2014 1 www.riceenergy.com
Proficient Operator with Concentrated, Core Assets COMPANY TOTAL (1) 136,500 net acres in Appalachia 1,100 net undeveloped locations 288 MMcfe/d net Sept. production from 63 net wells Marcellus Core 51 gross (40 net) operated wells in…
Third Quarter 2014 Highlights Turned 5 Pennsylvania Marcellus wells to sales Average lateral length of 8,200 ft. & currently producing 11.8 MMcf/d Execution is Driving Initiated production from two Blue Thunder Ohio Utica wells…
Third Quarter 2014 Financial Summary Solid third quarter results supported by well capitalized balance sheet and ample liquidity Financial Summary(1) Capitalization and Liquidity Adjusted EBITDAX of 53.4MM Borrowing base increased to…
Established Track Record of Drilling Proficiency Average Net Daily Production Average Lateral Length v. Horizontal Drilling Days(1) MMcfe/d Feet Days 247 250 241 10,000 18 9,000 209 8,452 8,163 16 15.8 200 8,000 14 6,691 6,957…
Strong Execution Drives Consistent Marcellus Results Operational Highlights Marcellus Pads in Progress Turned online 5 wells from Brova Pad Average laterals of 8,200 Big Daddy Shaw Pad 5 Wells Avg. Lateral Ft: 7,900 Swagler Pad 3…
Marcellus Type Curve Economics 750 Type Well Versus Historical Production (MMcf/d per 1,000) MMcf/d per 1,000 Updating type curve to better reflect 2.5 historical production and managements 2.0 choke program going forward. Results…
Marcellus Value Enhancement Project 500 Spacing Tested 500 foot inter-lateral spacing since Q4 2013 Economic Comparison Spacing Economics In order to generate a higher PV-10 than a 750 spaced well, we 750 500 % diff need to decrease…
Utica Development Concentrated in the Core Operational Highlights Map of Operated Utica Development Rices first three Utica wells have been three of the Bounty Hunter 4 Wells Thrasher 5 Wells Avg. Lat. Length: 9,000 Blue Thunder 2…
Utica Production and Pressures Update Bigfoot 9H (7,000 lateral) continues to produce steadily 14 MMcf/d 11 psi/d FCP decline. Blue Thunder 10H and 12H (9,000 laterals) were turned to sales in September and have stabilized at 16…
Utica Type Curve Economics Type Well Versus Historical Production (MMcf/d per 1,000) MMcf/d per 1,000 2.5 Updating type curve based on initial 2.0 production results from Bigfoot and Blue 1.5 Thunder pads. Flat period increased…
Midstream Update FT portfolio includes 1.3 MMDth/d (1.2 Bcf/d) of firm capacity to premium US markets, including recently added 320 MDth/d on TETCOs Access South project with firm path to the Gulf Coast and estimated in-service date of…
Long-Haul Firm Transport Improves Realized Pricing On November 1st, we began shipping 270 MMDth/d to the Gulf Coast and over 55% of 2015 volumes will access attractive non- Appalachian markets Quarterly Basis Exposure Nov. 1 - TETCO…
Inventory of High Returning Projects Updated Inventory Inventory and Returns Summary (2) We have updated our methodology for estimating RICEs drilling 400 120% inventory to account for our leasing program and development plans…
Appendix 15 www.riceenergy.com
Post-MLP Organizational and Credit Structure Rice Energy Inc. NYSE: RICE Rice Energy Appalachia LLC DE Rice E&P Rice Midstream Subsidiaries Holdings LLC IDRs Rice Midstream & LP OH Gathering PA Water OH Water Management…
Commodity Hedging Summary Strategy Hedge Book (1) 10/1- We employ financial instruments (primarily YE2014 2015 2016 2017 swaps and costless collars) to mitigate NYMEX Henry Hub Contract Summary commodity price risk Natural Gas…
3Q 2014 Adjusted EBITDA Reconciliation Three Months Ended Nine Months Ended ( in thousands) September 30, 2014 September 30, 2014 Adjusted EBITDAX reconciliation to net income (loss): Net income (loss) (6,862) 114,675 Interest…
Additional Disclosures Determination of Identified Drilling Locations as of September 30, 2014 Net undeveloped locations are calculated by taking our total net acreage and multiplying such amount by a risking factor which is then divided…
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