Prospect For Sale

Successful Gulf of Mexico Lease Sale Yields $275 Million in High Bids on 913,542 Acres in Central Planning Area

U.S. Secretary of the Interior Ryan Zinke today announced that Lease Sale 247 for oil and gas parcels in the Gulf of Mexico garnered $274,797,434 in high bids for 163 tracts covering 913,542 acres in the Central Planning Area of the Outer Continental Shelf offshore Louisiana, Mississippi, and Alabama. A total of 28 offshore energy companies submitted 189 bids. The sum of all bids received totaled $315,303,884. “Today’s strong sale

124.35+/‐ NET MINERAL ACRES UNITIZED ACREAGE NORTH AND SOUTH STRABANE, WASHINGTON COUNTY, PA

124.35+/‐ Net Mineral Acres in North and South Strabane Townships, Washington County, Pennsylvania. This acreage is leased with Range Resources at 17.5%, gross. As of August 1, 2016, 5.1508+/‐ acres will be in the Range Resources Zediker Station C Unit—Unit Dec is available. We have been told that additional acreage will be in the Zediker Station B and D Units. The official Unit Declarations for the Zediker Station B and

Imperial to market Norman Wells assets

Imperial today announced its intention to market its interests in the Norman Wells operation in the Northwest Territories. A definitive decision to sell the assets has not been made. Imperial recognizes the significance of this marketing effort and potential sale for people in the area and is in dialogue with Sahtu leaders about its plans. The marketing effort is expected to commence in the third quarter of 2016. The Norman

BLM Takes Important Step Toward Online Oil & Gas Lease Sales

WASHINGTON – The Bureau of Land Management (BLM) today announced that it is implementing authority provided by Congress giving the agency the flexibility to conduct online lease sales. The move is a continuation of the BLM’s ongoing efforts to modernize the oil and gas program by increasing program efficiency and generating savings for taxpayers. The BLM is acting in response to authority provided by Congress as part of the National

BLM Internet-Based Auctions

This procedural rule amends certain provisions of the oil and gas regulations administered by the Bureau of Land Management (BLM) to recognize that the BLM is authorized to use either oral or internet-based auction procedures to conduct oil and gas lease sales under the Mineral Leasing Act of 1920, as amended (MLA). The changes made by this rule update the BLM’s regulations to be consistent with the National Defense Authorization

38.06+/‐ NET MINERAL ACRES OUT OF 76.13+/‐ GROSS ACRES INCLUDES 76.13+/‐ ACRES OF LAND REDSTONE TOWNSHIP, FAYETTE COUNTY, PENNSYLVANIA

38.06+/‐ net mineral acres and 76.13+/‐ gross acres of land in Redstone Township, Fayette County, Pennsylvania. This acreage is leased with Chevron at 15%, net. Rice Drilling LLC, Chevron Appalachia and EQT Production Company are the primary operators in this area. – Rice Drilling: Captain Jack Sparrow: 6 producing wells averaging 6.27 MMcf/d – Chevron Appalachia: Lester: 5 producing wells averaging 1.95 MMcf/d Sanfilippo: 5 producing wells averaging 5.75 MMcf/d Sanfilippo: 3