Spreadsheet: gerald_nemec__11493__CASH_Wildhorse_121900
Sheet: Inputs

General Assumptions
 | Sale Date | 2001-03-31 00:00:00 |  | Cash Flow Decline Rate after Year 10 |  |  |  | 0.08
 | Valuation Date
 | Discount Rate | 0.15
 | Plant - | [NAME] |  | Percent of Proceeds
 |  | 1 |  | 0
Contract Terms
 |  |  | Flat Rate | % of NWPL | [NAME] | Min | Fuel
Dk Production |  | on/off | ($/Mcf, unless otherwise noted)
[NAME] at 18MMcf/d |  | 0
Beartooth |  |  | 0.2
Crescendo |  |  | 0.25
D&G Roustabout |  |  |  | 0.13 | 0.55 | 0.14
Hallwood |  |  | 0.255
Lone Mountain/Premier |  |  | 0.2
National Fuels |  |  |  | 0.13 | 0.55 | 0.1 |  | $/mmbtu | at receipt point
Northstar |  |  |  | 0.13 | 0.45 | 0.1 |  | $/mmbtu | at receipt point
[NAME] |  |  | 0.25
Trend Oil |  |  | 0.22 |  |  |  |  | $/mmbtu | at receipt point
Wasatch |  |  | 0.25
Venoco |  |  | 0.04
[NAME] ($/Mcf) |  | on/off
Keep the South Canyon Plant Full |  | 0
[NAME] |  | 0
Crescendo - San Arroyo Entrada |  | 0
Hallwood |  | 0
Lone Mountain - Bar-X Entrada |  | 0
National Fuels |  | 0
Northstar |  | 0
[NAME] |  | 0
Trend Oil |  | 0
Production Assumptions
 |  | Btu
 |  | Content | 2000-12-31 00:00:00
Days in Operation
Dakota Production (MMcfd) |  |  | Decline
 |  | 1
 |  | 1 | 0.0694016941292627 | 0.4
 |  | 1.08 | na | 3.872876712328766 | 4.146263321214117 | 3.703081595945362 | 3.244242864299344 | 2.866717478200056 | 2.582685652938918 | 2.353156663793719 | 2.139959762182388 | 1.955929353204278 | 1.740273940122167
 |  | 1 | 0.0763305861037493 | 0.3
 |  | 0.941 | 0.06543602314205867 | 0.15
 |  | 1 | 0.0638329716108301 | 5
 |  | 0.941 | 0.07479721336782826 | 1.8
 |  | 1 |  | 0.35
 |  | 0.941 | 0.06523484730686847 | 1.5
 |  | 1 | 0.09922432597231835 | 0.5
Wasatch |  | 1 | 0.06705508329105195 | 2
Venoco |  | 1 |  | 2
[NAME] (MMcfd)
 |  | 0.629 |  | 4.003762149425677 | 8.988368376778054 | 7.583170158095191 | 6.397653860648549 | 5.397475470991203 | 4.553660153317272 | 3.841762858090678 | 3.241160157077871 | 2.734452789480608 | 2.306961611128627
 |  | 0.669 |  | 3.723669178441647 | 8.435873819188364 | 7.28992534394528 | 6.299645141611271 | 5.44388687645309 | 4.70437677955272 | 4.065323432733445 | 3.513080560333641 | 3.035855628120538 | 2.623458026796815
 |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  | 0.547 |  | 0 | 0.3435620203415275 | 1.305986828973541 | 1.98 | 1.98 | 1.98 | 1.98 | 1.98 | 1.98 | 1.98
 |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  | 0.629 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0.8078904109589041 | 2.747890410958904 | 4.687890410958904 | 6.627890410958904
 |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
Total if turned on
Effective Gathering Rates
Dakota Production ($/Mcf or [NAME])
Venoco
[NAME] ($/Mcf)
Operating Cost Assumptions
Fixed O&M ($/year) |  | per [NAME]
 | O&M escalation (per year) |  | 0.03
Variable O&M ($/year) |  | $/mcf-> | 0.09359
Additional G&A ($/year) |  | per [NAME] | 180000
Ad Valorem ($/year) |  | per [NAME] | 115000
Direct Pass-through Costs
NGL Production Taxes (% of Revenues) |  |  | 0.04
[NAME]
Plant Capex ($) |  |  |  | 0
[NAME] ($) |  |  |  | 0
Incremental Processing at new South Canyon Plant for Entrada Gas
Processing Fee |  | 0.62 | $/mcf
Cost of Operations |  | -0.25 | $/mcf
Incremental Processing Cash Flow ($M) |  |  | 0
Valuation Dates
PV-15