ed on surrounding operator average performance • Operating Costs: $2,000/well/month • Separate water disposal cost of $6.00/Bbl EFTA00780275 Marcellus Commodity Price Forecasting Assumptions • Gas Pricing — Henry-Hub as of 4/17/09 pricing futures • 2009 average: $4.37/MMBtu • 5-year average: $6.525/MMBtu