PRESENTATION FOR WEST VIRGINIA ECONOMIC DEVELOPMENT COUNCIL

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PRESENTATION FOR WEST VIRGINIA ECONOMIC
DEVELOPMENT COUNCIL
9/28/2009
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EQT Who We Are

• INNOVATIVE PRODUCER
• Largest EP company in Appalachia/14th largest in
  the U.S.A. ranked by total gas reserves (Oil
  Gas Journal)
• 4 Billion total economic impact in operational
  areas PA, WV, KY and VA
• Leading U.S.A.s effort to achieve energy
  independence
• Innovative, technology-driven leader in
  horizontal drilling
• Dependable, low cost producer
• 120 years experience
• Positioned for sustainable growth
• SP 500
• Business Week 34th Best Performer (all
  businesses)

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Largest Appalachia EP Co.
30 of 08 oper inc 11,000 pipeline miles
13 of 08 oper inc 275,000 LDC customers
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EQT in West Virginia

• Operations in 42 WV Counties
• Total economic impact almost 900 MM
• Employment impact 3,392 jobs
• WV Tax Revenue - 29 MM
• 2008 Capital Investment - 381 MM

• Leading 2008 WV Producer - 23,054 MMcfe
• 4,652 Gross Producing Wells (2008 - 159,
  including 32 Marcellus)
• 1.2 MM Gross Acreage
• 4,800 miles of Gathering Line

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Impact of Natural Gas to West Virginia

• Over 20,000 jobs
• Severance taxes 28 MM
• Marcellus puts West Virginia at center of U.S.
  battle for energy independence

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Natural Gas is Abundant
US Reserves Contain 2074 TCF of Recoverable
Resources
116 years of supply
Marcellus 250 500 TCF
Source US DOE Office of Fossil Energy Modern
Shale Development in the US - April 2009
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Natural Gas Importance to Energy Security
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Petroleum Use
69 of usage
Source EIA 2008 Annual Energy Review
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U.S.A. vs. World Natural Gas Vehicle Adoption
10 Million Natural Gas Vehicles World
Wide (Millions of vehicles)

• 100 conversion means
• 68 reduction in imports
• U.S.A. saves 250B / year

Source The NGV Group June 2009 Gas Vehicles
Report
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Natural Gas Uses