1. ihs.com © 2015 IHS Presentation IHS Breaking Through Barriers 6 February 2015 Jerry Eumont, Managing Director ENERGY

2. © 2015 IHS 2 IHS has built a significant global presence to enable continued growth and market penetration AACC Breaking Through Barriers February 2015

3. © 2015 IHS Requirements to remain competitive: Fiscal Terms Geology Willing and Active Operators Capable Service Sector

4. © 2015 IHS Fiscal Terms that create success in Unconventionals Contract periods sufficient for operators to find the “sweet spots”, or at least crack the code and create economically successful development plans Efficiency of regulatory processes Fiscal regimes that directly benefit impacted landowners and state/local governments Fiscal terms that are adjusted to the cost structure of shale gas development Supply chain development and industrial policy

5. © 2015 IHS 5 Reasons for US Unconventional Success Globally, many countries yearn for the shale success the US has seen. However, geology was only one cause for such dramatic production growth; a multitude of external factors incentivized and accelerated activity

6. © 2015 IHS Fayetteville Shale shows limited improvement over time

7. © 2015 IHS Marcellus NE Pennsylvania shows 50% improvement over the last 4 years

8. © 2015 IHS Lateral lengths average around 5000’ for both plays Fayetteville has 3 major operators Marcellus NE Penn has 11 major operators Fayetteville Marcellus NE Pennsylvania Fayetteville and Marcellus Lateral Lengths Increase on a Similar Trend

9. © 2015 IHS Fayetteville and Marcellus Proppant/ Lateral-Foot stabilize and stay relatively constant Fayetteville Marcellus Proppant/Lateral-Foot has increased in the Marcellus and is current 50% higher than the Fayetteville

10. © 2015 IHS End 2013 (9000 wells) End 2008 (12 wells) End 2011 (2400 wells) End 2010 (660 wells) End 2012 (5600 wells) End 2009 (224 wells) Eagle Ford Evolution 2008 to 2014

11. © 2015 IHS $33/bbl $53/bbl $67/bbl $90/bbl $+120/bbl Eagle Ford Well Performance Evolution

12. © 2015 IHS Sub-Saharan Africa holds more than 50% of the total offshore deepwater area leased, however average block size is large 12

13. © 2015 IHS Areas with the largest block sizes tend to have a lower number of discoveries meeting our criteria. These areas will mature more slowly 13

14. IHS Customer Care: Americas: +1 800 IHS CARE (+1 800 447 2273); CustomerCare@ihs.comCustomerCare@ihs.com Europe, Middle East, and Africa: +44 (0) 1344 328 300; Customer.Support@ihs.comCustomer.Support@ihs.com Asia and the Pacific Rim: +604 291 3600; SupportAPAC@ihs.comSupportAPAC@ihs.com © 2014 IHS. No portion of this report may be reproduced, reused, or otherwise distributed in any form without prior written consent, with the exception of any internal client distribution as may be permitted in the license agreement between client and IHS. Content reproduced or redistributed with IHS permission must display IHS legal notices and attributions of authorship. The information contained herein is from sources considered reliable but its accuracy and completeness are not warranted, nor are the opinions and analyses which are based upon it, and to the extent permitted by law, IHS shall not be liable for any errors or omissions or any loss, damage, or expense incurred by reliance on information or any statement contained herein. For more information, please contact IHS Customer Care (see phone numbers and email addresses listed above). All products, company names, or other marks appearing in this publication are the trademarks and property of IHS or their respective owners. 14 AACC Breaking Through Barriers February 2015 Thank You!