MARCELLUS Regional Field Study

Field Study Introduction NUTECH has combined its expertise with the emerging interest in North American shale plays in order to develop the most detailed regional ﬁeld studies available to the E&P industry. These studies have been developed through NUTECH’s experience and analysis of several thousand wells with core and production data.

Each of NUTECH ’s studies provides insight into the connectivity across the area by simulating geological and petrophysical property distributions. The results conﬁrm the stratigraphic variability as well as identify and quantify hydrocarbon columns per well and across the study area.

NUTECH ’s management team will provide geological-based input to assist you in decision making on each well, including working closely with your technical personnel in connection with well evaluations and listings.

Field Study Deliverables

1) Individual NULOOK Shale Analysis of each well in the study. Inclu d es core calibrated calculations of permeability, effective porosity, water saturation, TOC, and lithology identification. Presented in pdf and tif format

2) Individual NuList Engineering Summary providing reservoir parameters in tabular form and additional calculations of Net Permeability, Hydrocarbon Pore Volume, and Free and Adsorbed GIP (BCF/sec) or OIP(MMBO/sec). Presented in .xls format

3) .las file for each well including the original open hole data going into the petrophysical model, and the curves generated through NULOOK analys is

Field Study Deliverables

A sampling of wells taken from the regional study has been selected for NUSTIM horizontal completion optimization . NUSTIM evaluation builds on the Petrophysical & GeoTextural analysis by incorporating completion & economic data to deliver an optimized completion design for the reservoir of interest. Using a 30 scenario frac simulation model, NUSTIM will investigate various completion parameters including lateral landing point, rate, size, concentration, fluid, prop, and cluster spacing in the horizontal. Comparisons of created frac geometry, predicted production & decline, and ultimately Net Present Value will provide the client with an optimized completion design for the reservoir in this area. A recommended landing lateral target & pump schedule for the selected completion design is included. Deliverables for each of the NUSTIM wells will include pdf of the NUSTIM report & also an Executive Summary in PowerPoint format that steps through the NUSTIM process and results .

Fracture Geometry Comparison Production Prediction Comparison

Net Present Value Optimization Field Study Deliverables

1. 3D Structural Model using well picks for the top and base of the objectives (although faults exist throughout the trend they were not included in this project due to the regional scope, a lack of seismic data and the stratigraphic nature of the play)

2. Stratigraphic Cross Sections per project area using NuLook presentation

3. 3D Petrophysical Property Distribution Model

4. Multiple Realizations of property distributions for each project area

5. CSIM (Composite Stratigraphic Image Maps) created

6. Printed Scaled Plots of CSIMs, one each (i.e. Average Porosity (PHIE), Clay Volume, Free Fluid porosity (PHIE- BVI), Average Permeability (PERMSH Avg) and KH (PERMSH Net), VClay, TOC (Total Organic Carbon), HCPV (Hydrocarbon Pore Volume), Structure and Thickness maps (below are some examples of the maps included)

7. Maps can also be delivered electronically in a zmap plus format (maps can be uploaded into different software packages & overlay maps can be created)

8. Executive Report, Project Binder, and CD

9. NUVIEW PDFs for all wells used in the project (paper copies are available for an additional fee* )

Field Study Deliverables

Fracture Geometry Comparison Production Prediction Comparison

Fie Net Present Value Optimization ld Study Deliverables Geomechanical Analysis

Rock Properties such as, Poisson’s ratio, Young’s modulus, Biot’s constant, pore pressure, overburden pressure, in-situ stress profile descriptions, and brittleness

1. Young’s Modulus is a measure of the stiffness of the rock. It can be obtained from the measurement of dynamic modulus using sonic log measurements. Calculations of Young’s Modulus based on the petrophysical properties of an interval are correlated to core or sonic log measurements, allowing for good predictions in intervals where sonic and core data are not available. This property impacts both the NuStim fracture and production models. Typical Young’s Moduli range from 100,000 to 10,000,000 psi

2. Poisson’s ratio is a rock property which governs the NuStim fracture growth model. It is a component of the stress profile. Poisson’s ratio is defined as the ratio of lateral strain to longitudinal strain. It can be obtained from core measurements or indirectly obtained from sonic log measurements. Calculations of Poisson’s ratio based on the petrophysical properties of an interval are correlated to core or sonic log measurements, allowing for good predictions in intervals where sonic and core data are not available. Poisson’s ratio values typically range from 0.15 to 0.4

3. Brittleness coefficient (%) - Lower values indicate a ductile zone, while higher values indicate a more brittle interval. A brittle zone is more likely to be naturally fractured and to respond positively to waterfrac stimulation techniques

Genesee Madison Ontario

Cayuga Erie Livingston Wyoming

Yates Seneca Cortland

Chenango Tompkins

Schuyler

Steuben Chautauqua Cattaraugus Allegany Tioga

Chemung

Broome

Erie Area A Susquehanna

Warren Bradford McKean Tioga Ashtabula Potter Lake

Crawford

Forest Cameron Wyoming Geauga

Sullivan Lackawanna Elk Venango Cuyahoga Lycoming Trumbull Mercer Clinton Luzerne Clarion Portage edina Summit Jefferson

Columbia Montour Mahoning Union Lawrence Clearfield Centre Carbon

Butler Northumberland

Wayne Armstrong Stark Snyder Columbiana Schuylkill

Beaver Lehigh Indiana Juniata Mifflin mes Carroll Allegheny Hancock Cambria Blair Tuscarawas Berks Perry Huntingdon Dauphin Lebanon Jefferson Area B Brooke Westmoreland hocton Harrison

Washington

Cumberland Ohio Lancaster Guernsey Chester Belmont Bedford Somerset York um Fulton Fayette Adams Chester Marshall Greene

Franklin New Castle Noble

Monroe Cecil Monongalia Allegany Washington Morgan Garrett Wetzel Morgan Carroll Harford Marion Frederick Baltimore Washington Tyler Preston Berkeley

Pleasants Mineral Kent Taylor Hampshire Jefferson Baltimore Wood Harrison Doddridge Howard Frederick Ritchie Winchester Montgomery Ke Barbour Tucker Clarke Area C Loudoun Queen Anne's Grant Wirt Hardy Anne Arundel Lewis Caroline Gilmer District of Columbia Jackson Upshur Warren Falls ChurchArlington Fairfax Shenandoah Prince George's Calhoun Alexandria Manassas Park Talbot Randolph Manassas Prince William Fauquier Roane Braxton Rappahannock Pendleton Page

Calvert Rockingham Culpeper Charles Dorchester Clay Webster Wicomi Harrisonburg Madison Stafford Pocahontas Highland Greene Kanawha Nicholas Fredericksburg St. Mary's King George Orange

Spotsylvania Dorchester Augusta Staunton Westmoreland Somerset Somerset PETRA 1/17/2014 12:57:05 PM

Marcellus Regional Field Study

The Marcellus Formation was deposited during the Middle Devonian Period about 390 million years ago in the Appalachian Basin of Eastern North America. The Appalachian Basin was formed as the result of the collision of Avalonia with Laurentia -‐ (pre historic North America). This collision marked the onset of the Acadian orogeny and the formation of the northern Appalachians.

This mountain building event caused the Appalachian Basin to subside and fill with sediment. Erosion of the newly formed mountains slowly deposited sediments in this deep water, low-‐energy, poorly-‐oxygenated environment and resulted in an organic rich source rock from which hydrocarbons were generated.

This study provides a ical petrophys and geological analysis of 143 Marcellus wells that allows insight into the connectivity of textural attributes of the wells with NULOOK Shale Analysis and attribute mapping from NUVIEW. Also available to coincide with the study is NUSTIM Geomechanical Analysis that depicts formation brittleness and fracability identification.

Pricing Guide

Area A 65 wells $64,500 GeoMechanical $39,000

Area B 49 wells $48,725 GeoMechanical $29,400

Area C 29 wells $28,850 GeoMechanical $17,400

Entire Study 143 wells $143,000 GeoMechanical $80,000

NuTech Energy Alliance Marcellus Regional Field Study Area A Wellname State County API R.W. KISSELL UNIT #1 PENNSYLVANIA BRADFORD 37015200090000 HAROLD W. LUNDY #1 PENNSYLVANIA BRADFORD 37015200020000 CASEMAN GROSS ET AL UNIT #1 PENNSYLVANIA BRADFORD 37015200100000 FRANK BONIN #1 PENNSYLVANIA BRADFORD 37015200070000 LEONARD #1 PENNSYLVANIA BRADFORD 37015200280000 VISSCHER L 3 PENNSYLVANIA BRADFORD 37015200660000 SIMONS EE #1 PENNSYLVANIA BRADFORD 37015200260000 COMMONWEALTH OF PA #1 WN PENNSYLVANIA CAMERON 37023200620000 PA FOREST LANDS #6246 PENNSYLVANIA CAMERON 37023200680000 UNITED GAS SUPPLY #1 PENNSYLVANIA CAMERON 37023200470000 C O P 236 #1823 PENNSYLVANIA CAMERON 37023200670000 KEYSTONE MANOR #1 PENNSYLVANIA CAMERON 37023200730000 COMM. OF PA. TRACT 421 #1 PENNSYLVANIA CAMERON 37023200690000 COP TRACT 247 #1 PENNSYLVANIA CENTRE 37027200160000 TEXAS GULF #1 PENNSYLVANIA CENTRE 37027200060000 W. W. LITKE #1D PENNSYLVANIA CENTRE 37027206440000 KONSTANTINIDES #1 NEW YORK CHEMUNG 31015230230000 SEKELLA #1 NEW YORK CHEMUNG 31015231460000 P.N.G. #6 - 4489 PENNSYLVANIA CLARION 37031202610000 JOHN HOWARD #1 WN-5041 PENNSYLVANIA CLARION 37031205920000 COP TRACT 331 #2 PENNSYLVANIA CLEARFIELD 37033218780000 FRANCIS KASSAB #1 PENNSYLVANIA CLEARFIELD 37033230960000 POWER LAND #1 PENNSYLVANIA CLEARFIELD 37033211790000 POWER LAND #2 PENNSYLVANIA CLEARFIELD 37033232450000 HAMILTON UNIT #1 PENNSYLVANIA CLEARFIELD 37033228780000 COMMONWEALTH #324-10 PENNSYLVANIA CLEARFIELD 37033240800000 COP TRACT 345 #50 PENNSYLVANIA CLINTON 37035209160000 HORNE #1A PENNSYLVANIA CLINTON 37035208510000 EDGAR MUNSON #LW-404 PENNSYLVANIA CLINTON 37035209320000 PA STATE TRACT 679 #1 PENNSYLVANIA CLINTON 37035203750000 WINNER#1 PENNSYLVANIA CLINTON 37035211160000 FRINK #1 NEW YORK CORTLAND 31023230510000 SYLVANIA OIL AND GAS #1 PENNSYLVANIA ELK 37047203340000 JAMES P. BURKE 3323 #1 PENNSYLVANIA ELK 37047226500000 FORTUNA-SENECA #003 PENNSYLVANIA ELK 37047234820000 #1H PENNSYLVANIA FOREST 37053212500000 KITTANNING STATE FOREST UNG # 1 PENNSYLVANIA JEFFERSON 37065209890000 ROCHESTER & PITTSBURGH COAL WN-1518 PENNSYLVANIA JEFFERSON 37065212850000 STATE FOREST TRACT 552 #1 PENNSYLVANIA LYCOMING 37081200280000 ULMER #1 PENNSYLVANIA LYCOMING 37081200500000 MARS COMPANY #1 PENNSYLVANIA MC KEAN 37083313920000 CYCLONE L-596-1 PENNSYLVANIA MC KEAN 37083462790000 COLLINS PINE #7380 PENNSYLVANIA POTTER 37105210610000 HOMER STATE #1-303 PENNSYLVANIA POTTER 37105206880000 KAPLE YX # 202 PENNSYLVANIA POTTER 37105213920000 COLLUSSY YX 201 PENNSYLVANIA POTTER 37105213910000 KAPLE YX208 PENNSYLVANIA POTTER 37105214230000 DEPT. OF ENVIRONMENTAL #1 PENNSYLVANIA POTTER 37105204670000

NuTech Energy Alliance Marcellus Regional Field Study-A #NAME? State County API C O P TRACT 365 #2 PENNSYLVANIA POTTER 37105208560000 C O P TRACT 388 #2 PENNSYLVANIA POTTER 37105209660000 Y. CRISPELL #2 PENNSYLVANIA POTTER 37105211110000 MASONITE #1 PENNSYLVANIA POTTER 37105205690000 HOUSEL #2 NEW YORK STEUBEN 31101239680000 SMITH STOCK FARMS #1 NEW YORK STEUBEN 31101214590000 M. DEMUN #1 NEW YORK STEUBEN 31101217180000 S&S COAL COMPANY O&G WARR #4224 1-A PENNSYLVANIA TIOGA 37117200560000 ALLEN ET AL #1 PENNSYLVANIA TIOGA 37117201360000 ARTHUR KNAPP #WN-1779 PENNSYLVANIA TIOGA 37117201050000 COP TRACT 561#1 PENNSYLVANIA TIOGA 37117201350000 KRAUSE 22526 #1 PENNSYLVANIA TIOGA 37117201590000 COTTON HANLON # 1 NEW YORK TIOGA 31107231850000 MARION B PAYNE # 1-20514 T PENNSYLVANIA TIOGA 37117200740000 WOLF 1 #23282 NEW YORK TOMPKINS 31109217110000 BRADY UNIT #1 PENNSYLVANIA VENANGO 37121431190000

NuTech Energy Alliance Marcellus Regional Field Study-A NuTech Energy Alliance Marcellus Regional Field Study Area B Wellname State County API N.C. MARTIN #1 PENNSYLVANIA ARMSTRONG 37005212010000 VERYL M. CLARK #2 PENNSYLVANIA ARMSTRONG 37005216720000 METROPOLITAN INDUSTRIES #1 PENNSLYVANIA BEAVER 37007200540000 ESTELLA MALLOW ET AL #1 PENNSYLVANIA BEDFORD 37009200590000 BOAN UNIT 2 OHIO BELMONT 34013205910000 FEGENGO #1 OHIO BELMONT 34013205860000 POLLOCK #1-7 OHIO BELMONT 34013206010000 BLAIR GAP WATER SUPPLY CO. #1 PENNSYLVANIA BLAIR 37013200080000 EMMET C. RICE #1 PENNSYLVANIA BUTLER 37019206900000 DAYTON #1 PENNSYLVANIA BUTLER 37019213620000 MYERS #2 PENNSYLVANIA BUTLER 37019213590000 CLARENCE CREEL NO.1 PENNSYLVANIA BUTLER 37019213050000 HELEN CASTINE #1 PENNSYLVANIA CAMBRIA 37021208450000 SALTLICK #1 PENNSYLVANIA CAMBRIA 37021207910000 MANGES #1 PENNSYLVANIA CAMBRIA 37021208420000 J & D TUCKOSH 1-35 OHIO CARROLL 34019219400000 SUMMITCREST INC. #1-35 OHIO COLUMBIANA 34029216270000 SOWARDS UNIT # 1-K OHIO COLUMBIANA 34029216370000 MARTIN MARIETTA CORP #3 PENNSYLVANIA FAYETTE 37051205230000 FRACIS R. GRIFFIN #1 PENNSYLVANIA FAYETTE 37051201530000 BARTON 10 PENNSYLVANIA FAYETTE 37051207370000 MARY DUPREE GAS UNIT #1 PENNSYLVANIA FAYETTE 37051202590000 UW-208 PENNSYLVANIA FAYETTE 37051233510000 HAUDENSHIELD #1 PENNSYLVANIA GREENE 37059230380000 C. WHITELEY NO. 3 OHIO GUERNSEY 34059233680000 LEOTA WARR #1 PENNSYLVANIA INDIANA 37063261930000 ALTA S WISSINGER #3-4756 PENNSYLVANIA INDIANA 37063220380000 J & W ALLENDER #1-17 OHIO JEFFERSON 34081204830000 A. PELEGREEN JR. #1-34 OHIO JEFFERSON 34081204810000 J & J JACKSON ET AL NO.1 OHIO JEFFERSON 34081204610000 MC CURLEY NO.1 PENNSYLVANIA LAWRENCE 37073200360000 JOHN BURLEY #1 WEST VIRGINIA MARSHALL 47051005390000 WEFLER #1 OHIO MONROE 34111237430000 P. CHRISTMAN NO. 1 OHIO MONROE 34111229370000 SCHNEEBERGER UNIT #1 OHIO NOBLE 34121241050000 RICHARD R. SECHLER #1 PENNSYLVANIA SOMERSET 37111201440000 PA. GAME COMMISSION TRACT 111A-2 PENNSYLVANIA SOMERSET 37111201560000 BIRD COAL COMPANY #1 PENNSYLVANIA SOMERSET 37111201700000 PA TRACT 280 #1 PENNSYLVANIA SOMERSET 37111201470000 H. A. LANDIS UNIT # 1 PENNSYLVANIA SOMERSET 37111201110000 ANNA JOHNSON #1 PENNSYLVANIA WASHINGTON 37125214610000 HAROLD L. WARD #1 PENNSYLVANIA WASHINGTON 37125214600000 HUNTER #1 PENNSYLVANIA WASHINGTON 37125214460000 FAIRGROUNDS UNIT #1 PENNSYLVANIA WASHINGTON 37125220820000 F.I MONINGER # 590034 PENNSYLVANIA WASHINGTON 37125231920000 JOHN A. FORBES ET AL NO.2, SERIAL NO. 1 PENNSYLVANIA WESTMORELAND 37129216820000 ZAPPONE UNIT NO. 1 F-5046 PENNSYLVANIA WESTMORELAND 37129234200000 H & M PICCOLI #1 PENNSYLVANIA WESTMORELAND 37129208060000 NuTech Energy Alliance Marcellus Regional Field Study Area C Wellname State County API MARGROFF #2 MARYLAND GARRETT 19023001170000 US TRACT 186-A NO. A-602 MARYLAND GARRETT 19023000540000 J. BORING #11214 WEST VIRGINIA HARRISON 47033005270000 RUSSELL E. STAATS #2 WEST VIRGINIA JACKSON 47035015170000 824213 W.D. LEWIS HEIRS LTD. PART WEST VIRGINIA KANAWHA 47039055320000 McDONALD #2A WEST VIRGINIA LEWIS 47041036400000 BLACKSHERE 101 WEST VIRGINIA MARION 47049010770000 CHARLES & THOMAS OGLEBAY NO.2 WEST VIRGINIA MINERAL 47057000720000 JACK MULLEN NO. 1 WEST VIRGINIA MINERAL 47057000490000 SPENCER NO. 1 WEST VIRGINIA MINERAL 47057000640000 M.E.R.C. #1 WEST VIRGINIA MONONGALIA 47061003700000 CV-1972 FLYNN CO & LLM #A-20 WEST VIRGINIA NICHOLAS 47067006530000 DICE #1 WEST VIRGINIA PENDLETON 47071000210000 YEAGER #1 WEST VIRGINIA PRESTON 47077002840000 WATSON #1 WEST VIRGINIA PRESTON 47077002530000 MCMULLAN H #A-1094 WEST VIRGINIA RANDOLPH 47083005410000 JORDAN #1 WEST VIRGINIA ROANE 47087039140000 CHERRY RUN #1 WEST VIRGINIA TAYLOR 47091005760000 WILFONG #1 WEST VIRGINIA TUCKER 47093001010000 BIDDLE #303 WEST VIRGINIA TYLER 47095011210000 ELLA SCHILLING #2 OHIO WASHINGTON 34167285740000 AUGENSTEIN ROBERT UNIT #1 OHIO WASHINGTON 34167291460000 GEORGE HAUSSER #2 OHIO WASHINGTON 34167285970000 MARK KNOX NO. 1 OHIO WASHINGTON 34167284300000 OHIO POWER #4 OHIO WASHINGTON 34167291830000 R. GORDON BARRICK #1 WEST VIRGINIA WEBSTER 47101000630000 H. EMCH & A PYLES UNIT 1 WEST VIRGINIA WETZEL 47103006450000 GILBERT L HITE #1 WEST VIRGINIA WOOD 47107012230000