d (Rash Forecast 85% 600.000 Frac Stages —Wells Frac'ed 80% 500.000 60% 1 1 I 100.000 1 0 2011 2012 2013 2014E 2015E 2016E Source: PecWesl andJ.P. Phnom 75% 400.000 70% 300.000 65% 200.000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Mr. McCollum estimates the pressure pumping m