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Gulfport Energy Corp
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June 2015 Utica Acquisition Overview
| Michael Moore | Page 5 of 11 |
November 23, 2024
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"June 2015 Utica Acquisition Overview"
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• Proposed acquisition from AEU includes ~287,000 MMBtu per day of firm transportation agreements at a weighted average cost of $0.65 per MMBtu — 20,000 MMBtu/day on REX/NGPL beginning mid-2015 — 70,000 MMBtu/day on REX phased in beginning mid-2015 — 47,000 MMBtu/day on TETCO beginning Oct 2015 — 50,000 MMBtu/day on Rover beginning year-end 2016 — 100,000 MMBtu/day on Columbia beginning Nov 2017 • Pro forma for the pending acquisition from AEU, Gulfport has secured 1,262,000 MMBtu per day of firm commitments to premium pricing points outside the Appalachia basin Utica Shale –Acquisition Midstream Overview Firm Commitments per MMBtu per day ANR (Midwest) – November 2016 Firm Sales Arrangements ET Rover (Gulf) – November 2016 ET Rover (Dawn/Midwest) – November 2016 Rex (Midwest) – June 2015 TGP (Gulf) – April 2015 ANR (Gulf) – Current ANR (Dawn/Midwest) – Current DTI (Midwest) – Current TGT (Gulf) – June 2016 ANR (Midwest) – Current 1Q 2015 Current 923,000 1,262,000 MMBtu per day YE 2017 Secured Transport Commitments Overview 9 - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 MMBtu per day ANR (Midwest) – November 2016 TETCO Firm Sales ET Rover (Dawn) – November 2016 ET Rover (Dawn/Midwest) – November 2016 Rex (Midwest) – July 2015 TGP (Gulf) – April 2015 ANR (Gulf) – Current ANR (Dawn/Midwest) – Current DTI (Midwest) – Current TGT (Gulf) – June 2016 ANR (Midwest) – Current Rex (Midwest) – July 2015 NGPL (Midwest) – July 2015 ET Rover (Dawn) – November 2016 TETCO (Michcon) – November 2017 Firm Sales Columbia (Gulf) – November 2017 Firm Transportation Costs $ per MMBtu $0.00 $0.20 $0.40 $0.60 $0.80 $1.00 2015 2016 2017 $0.47 $0.50 $0.53 $0.12 $0.11 $0.11 $0.59 $0.61 $0.64 $ per MMBtu Demand Variable (1) Pro forma for the pending AEU acquisition. (1)