Asset and Organic Growth Investments
Capital Efficiencies from EQT Gathering Agreement
Combo development / return to pad drilling leads to step-change in CAPEX
Significant CAPEX Reductions Drive Long-Term Free Cash Flow (1)
Systematic buildout of gas gathering system yields
midstream capital efficiency
Combo Development / Return to Pad Example
.
Concentrated footprint reduces overall build miles relative
to scattered pad development
Step one - initial drilling plan
Existing gathering
lines and
compression
~30% reduction in capital from 50% fewer pipeline miles and
upsized pipe diameter from 12" to 16"
Estimated $250 MM of capital savings over next few years
EQT choke management program results in predictable
operations and enhanced midstream planning
Avoid sizing midstream facilities for short-lived peak initial
production rates
Minimize back-off of nearby wells when new production
comes on-line
(1) See slide 28 for important information regarding the non-GAAP financial measure free cash flow.
Step two-return to pad
drilling utilizes
infrastructure built for
step oneView entire presentation