The Utica Point Pleasant Play Range Resources Path to Discovery in SW PA and Future Growth Potential STRH 5th Utica Shale Mini Conference March 16, 2015 1
Overview Map Key Point Pleasant Tests Dry Gas Play Record 24 hour IP of 59 Mmcf/d at Claysville Sportsman Club. Confirms Ranges geological interpretation. Currently producing 20 Mmcf/day under designed conditions. 2 wells…
Regional View Point Pleasant Play The Point Pleasant interval is the key target for most of the Utica Point Pleasant exploration and development to date. Key expansion potential is in the deeper dry gas window. Key exploration areas…
Point Pleasant Core Area Well Performance Play is now producing an estimated 2 BCFEPD. Best wells in play have lateral lengths of 3,500 to 8,200 and RCS (reduced cluster spacing) completions focusing on maximum sand proppant…
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…
RRC Claysville Sportsmans Club Seismic/Log Section 5,750 Point Pleasant Trenton Drilled in structurally quiet area defined by 3 - D seismic coverage. Drilled pilot well as science well. Encountered excellent reservoir…
Claysville 11H Point Pleasant Pore Systems Organic hosted Organic hosted pores pores Organic material Pyrite Organic material FIB SEM examples from lateral target interval. Note TOC content and well developed pore…
Claysville Sportsmans Club 11H Final Geosteer Report Drilled and cased 5,420 feet of lateral in Point Pleasant target. Maintained strong gas shows throughout lateral. No well control issues. Maximum MW 14 ppg. 10
Claysville Sportsman Club Production Test Completed 5,420 of lateral with 32 stages in November 2014. Initial testing and post completion testing suggests pressure gradient of up to .88 psi/ft. Began flow testing well in December…
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…
Regional View Point Pleasant Total Gas in Place GAS IN PLACE ANALYSIS: Claysville Sportsman 11H Bulk Density (g/cc) Gas Content (scf/ton) GIP (scf/acre-ft) GIP (BCF/section) Free Gas 2.64 240.4 863,811 140.9 Utica to Sorbed Gas 2.64…
Regional View Point Pleasant Pressure Gradient Mapping projects areas of highest pressure gradient project into SW PA and northern WV. Seismic attributes identify areas of high geo-pressure. 14
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…
Utica Point Pleasant 2015 Drilling Plans Range has 2 wells scheduled for drilling in 2015 for the Point Pleasant in Washington County. RRC plans additional drilling in 2016 for the Point Pleasant play. Industry Leading 1500 HP…
Point Pleasant Play Summary Points The best performance to date in the Utica/Point Pleasant can be tied geologically to Ranges core position in Washington County, PA. This is supported by well test and production data, gas in place…
RRC SW/NE Pennsylvania Stacked Pays Net Acreage 18
Gas in Place 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
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