ACTIVITY UPDATE OF THE UTICA-POINT PLEASANT SHALE PLAY Ron Riley and Mohammad Fakhari Ohio Department of Natural Resources Division of Geological Survey Utica Shale Play Book Study Workshop Canonsburg, PA July 14, 2015

Activity Update Permitting and Drilling Activity in Basin through May 30, 2015 Drilling Statistics Exploration Highlights by Operator Production Map GOR map 2

Utica-Point Pleasant Horizontal Well Activity in the Appalachian Basin through May 30, 2015

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August 2014 to April 2015 7

Utica- Point Pleasant Wells Drilled, Permitted, or Producing by Operator through May 30, 2015 8

Exploration Highlights by Operator Title slide for each presenter’s section – major and minor headings, as per workshop agenda 9

10 Chesapeake Utica-Point Pleasant Activity Wet Gas EUR = 5-10 Bcfe IP’s are from Chesapeake investor presentation

Utica-Point Pleasant Drilling Activity: Non-Chesapeake Operators 11

12 Gulfport Utica-Point Pleasant Activity IP’s are from Gulfport investor presentation (2014)

* Average 50 7,175 25 2,780 33% 37% 29% 19% 13

14-X Utica Shale - Paloma Acquisition and AEU Acreage Acquisition Acreage acquisitions from AEU totaling approximately 35,325 net acres in Monroe, Belmont and Jefferson Counties, Ohio 14-X

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AEU Utica-Point Pleasant Activity 17 Production data from DOGRM

18 Antero Utica-Point Pleasant Activity IP’s are from Antero investor presentation (2014)

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20 Hess Utica-Point Pleasant activity IP’s are from Hess investor presentation (2014)

2 Rig program, reduced to 1 rig from June 2015 21-X

22 Rex Energy and Range Resources Utica-Point Pleasant activity IP’s are from Rex Energy investor presentation (2014)

Stacked Plays 23

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From Range Resources investor presentation (2015) 25

26 From Range Resources investor presentation (2015)

IP 59MMCFG/D 27 From Range Resources investor presentation (2015)

28 From Range Resources investor presentation (2015)

29 Shell and Seneca Utica-Point Pleasant Activity IP’s are from IHS Drilling Wire Report and the PGS

30 Triad Hunter and Stone Activity IP’s are from Investor presentations

31 From Magnum Hunter investor presentation (2014)

32 CNX and Gastar Utica-Point Pleasant Activity IP is from IHS Drilling Wire Report

33 PDC Utica-Point Pleasant Activity IP’s are from PDC investor presentation (2014)

34 From PDC investor presentation (2015)

35 From PDC investor presentation (2015)

Eclipse Activity With purchase of Oxford Oil Co., Eclipse has 90,000 acres in wet gas core of play 36 IP’s from Eclipse investor presentation (2015)

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Hilcorp Utica-Point Pleasant Activity 38

39 Enervest Utica-Point Pleasant Activity IP’s are from IHS Drilling Wire Report

40 Rice Utica-Point Pleasant Activity IP’s are from Rice investor presentation (2015)

41 From Rice Energy investor presentation (2015)

42 From Rice Energy investor presentation (2015)

XTO Utica-Point Pleasant Activity 43

44 Map of BOE -143.5 Million BOE Produced (2011-1st Qtr 2015) -Best 10 wells Produced over 600,000 BOE. -Buell well has produced 829,945 BOE 6,000 cfg = 1Bbl oil 44

GOR Map 45

One of fastest growing natural gas-producing regions in the U. S One of fastest growing natural gas-producing regions in the U.S. (EIA, 2015) 2.47 BCFG/D in May 2015 161% increase from 1 year ago. In past 5 years, natural gas production in Utica increased more than 14 times. 2 46

Ohio Production Summary  Ohio Production Data Utica-Point Pleasant Production Total Production Year Oil (Barrels) Gas (Mcf) No. of Wells 2011 46,326 (1%) 2,561,524 (3.5%) 9 4,853,000 73,290,000 50,192 2012 635,874 (13%) 12,831,292 (15%) 87 4,974,000 86,770,000 ~50,000 2013 3,643,141 (45.5%) 99,532,124 (59.4%) 360 8,006,000 167,293,000 ~ 50,000 2014 10,847,211 (70%) 445,466,231 (85%) 786 15,300,000 518,000,000 2015 (1st Qtr) 4,401,687 183,585,256 876 Cumulative Production 19,574,239 743,976,427 Note: NGL included in Gas 47 Data from ODNR Division of Oil and Gas Resources Management RBDMS, 2013 Ohio Oil and Gas Summary and 2014 Debrosse report

Link to ODNR Website for Utica-Point Pleasant Activity and Production http://oilandgas.ohiodnr.gov/industry/shale-well-drilling http://oilandgas.ohiodnr.gov/production