Utica & Marcellus

Multi-field unconventional shale development targeting the Utica and Marcellus formations in eastern Ohio, primarily in Belmont, Harrison, Jefferson and Monroe Counties. The Utica ranges in thickness from 600 to over 750 feet, while the Marcellus development area is approximately 3,500 to 4,500 feet shallower. Property comprises approximately 223,000 net reservoir acres in the Utica and 35,000 net reservoir acres in the Marcellus. During 2025, the company drilled, completed, and turned to sales its first four-well development pad in the Marcellus. Flagship natural gas asset accounting for 81% of total company production.