Discount Rate

Price

Revenue Status Quo Scenario

Revenue Acreage Reduction Scenario

Percent Change

5.0%

Low

$679,223,368

$665,075,497

2.08%

5.0%

Average

$1,515,639,583

$1,430,303,839

5.63%

5.0%

High

$2,354,082,483

$2,197,270,619

6.66%

2.5%

Low

$1,034,881,685

$1,016,845,357

1.74%

2.5%

Average

$2,333,515,727

$2,205,036,436

5.51%

2.5%

High

$3,635,985,123

$3,396,499,292

6.59%

0.0%

Low

$1,782,330,102

$1,758,685,652

1.33%

0.0%

Average

$4,069,705,557

$3,851,719,244

5.36%

0.0%

High

$6,365,239,269

$5,951,675,535

6.50%

−2.5%

Low

$3,543,254,144

$3,512,022,656

0.88%

−2.5%

Average

$8,197,926,262

$7,771,643,546

5.20%

−2.5%

High

$12,872,072,627

$12,047,712,694

6.40%

−5.0%

Low

$8,166,138,722

$8,127,592,773

0.47%

−5.0%

Average

$19,120,194,144

$18,152,894,765

5.06%

−5.0%

High

$30,125,943,077

$28,221,692,996

6.32%