Discount Rate

Price

Revenue Status Quo Scenario

Revenue Acreage Reduction Scenario

Percent Change

5.0%

Low

$1,014,808,037

$982,225,204

3.21%

5.0%

Average

$1,862,313,301

$1,776,008,394

4.63%

5.0%

High

$2,732,866,346

$2,582,668,126

5.50%

2.5%

Low

$1,549,494,332

$1,505,265,922

2.85%

2.5%

Average

$2,795,430,853

$2,689,293,483

3.80%

2.5%

High

$4,101,451,729

$3,906,827,244

4.75%

0.0%

Low

$2,675,118,457

$2,608,462,996

2.49%

0.0%

Average

$4,701,200,146

$4,574,727,774

2.69%

0.0%

High

$6,894,295,589

$6,635,213,229

3.76%

−2.5%

Low

$5,334,510,354

$5,217,122,348

2.20%

−2.5%

Average

$9,058,104,485

$8,928,970,125

1.43%

−2.5%

High

$13,272,949,046

$12,923,110,955

2.64%

−5.0%

Low

$12,343,142,078

$12,092,015,470

2.03%

−5.0%

Average

$20,179,262,161

$20,138,196,899

0.20%

−5.0%

High

$29,537,862,034

$29,077,677,205

1.56%