Rice Energy Appalachian Success Story: Self-Funded Startup to Top 40 Producer Today October 2010 90,000 net acres concentrated Feb 2007 Nov 2012 Completed first horizontal in the core of the Marcellus Company founded out Acquired…
Rice Energy 90K Net Acre Concentrated Core Position Stark Butler Wayne Columbiana 45,000 Core Utica Acres 44,000 Core Marcellus Acres 99% in Belmont County Beaver 99% in Washington + Greene Counties Initial Holmesdevelopment…
Industry Response to Low Gas Prices: Head to the Cores 2011 Rig Distribution 2014 Rig Distribution Avg regional gas price: 5.50/MMbtu Avg regional gas price to date: 4.00/MMbtu Premium to NYMEX 102 Rigs confined within the cores…
Pennsylvania Assets 5
Rice Energy Track Record Marcellus Well Results Average Daily Production MMcf/d Marcellus Well Results To Date 300 275 Wells Turned Avg. Lateral Flow Rates (MMcf/d) D&C 250 208 Year(s) To Sales Length 0-90 0-120 0-180 (/Ft) 200…
RICE Wells Demonstrate Strong Production Profiles Producing wells have exhibited strong production profiles on track to recover 15-20 Bcf Washington & Greene Counties Cumulative Production vs. Time (1) Cumulative Production (Bcfe)…
Rapidly Growing Production in a Capital Efficient Manner Rice reached 300 MMcf/d of gross operated production with 41 wells Rice 308 MMcf/d 41 Wells (1) Gross Daily Production (Mcf/d) Nearly linear production growth an outcome…
Differentiator 1: Proficiency with Lateral Placement Consistently good well results generated by consistently good execution Within a localized geologic area, performance variability is mostly attributable to operator execution; not rock…
Differentiator 2: Early Adopter of New Services & Techniques Track record of identifying, implementing and optimizing leading-edge completion designs early on in the science phase Average Frac Stage Length Feet per Stage 150-250…
Ohio Assets 11
Utica: Quickly Becoming Another Premier North American Play The Southern Utica Core has become the most active region in the Appalachian Basin Growth and Development Utica Rigs Over Time (1) The Utica play as a whole has contracted to…
Initial Utica Well Test Results: Bigfoot 9H - Belmont County Flow Test Stats Flowed back well for 6 days. Surface equipment rated to handle 45 MMcfd On 5th day of flowback, Bigfoot 9H approached surface equipment limit 42 MMcfd 160…
Industry Results Confirm our Position in the Utica Core Rices acreage is offset by some of the largest producing wells in the Utica Rice Acreage IP Results Sized and Color-Coded 30 MMcfe/d Hess: 1 well 20-30 MMcfe/d Rice: 2 wells…
Utica Learning Curve Update Systematically reducing drilling days/costs while maintaining precision wells Improved Gas 70 Control Procedures Development Days Science Days 60 10 Improved Mud Spud to TD Days 50 Properties…
Midstream Assets 16
Firm Transportation and Firm Sales Concentrated core acreage with multiple outlets to regional, national and export markets Firm Transportation and Firm Sales by Pipeline (1) PA and OH Pipeline Map Firm capacity secures production…
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