1. Bringing it all Together: Oil & Gas Operations after Acquisition and Diligence Gina M. Banai

2. Exploration & Production Phases  Acquisition  Planning & Permitting  Construction  Drilling  Completions  Production  Midstream 2

3. 3 Acquisition

4. 4 The process of acquiring a Working Interest in Oil and Gas Leases for development □ Landowners □ Brokers □ Oil & Gas Operators □ Purchase in Fee Acquisition

5. 5 Planning & Permitting

6. 6 Well site location and design is typically based upon the following factors: □ Geology □ Landowner preference □ Current infrastructure in place  Roads, pipelines, etc. □ Environmental restrictions  Wetlands, streams Planning & Permitting

7. 7 ESCGP-2 Permit □ Earth Disturbance General Permit □ Stream and wetland crossings Highway Occupancy Permit (HOP) Well Permit Joint Permit Application □ For larger scale projects- when certain criteria are in place the Army Corps of Engineers and DEP must both evaluate and approve plans Township Permits □ Sewage □ Grading Planning & Permitting

8. 8 ESCGP

9. 9 Well

10. 10 Construction

11. 11 Construction

12. 12 Construction

13. 13 Drilling

14. 14 Drilling

15. 15 Drilling

16. 16 Drilling

17. 17 Drilling

18. 18 Completions

19. 19 Completions

20. 20 Completions

21. 21 Flare

22. 22 Production

23. 23 Production

24. 24 Production

25. 25 Production

26. 26 Production

27. 27 Production

28. 28 Midstream

29. 29 Midstream

30. 30 Midstream