1. Landon Derentz Energy Policy Advisor Bureau of Energy Resources U.S. Department of State Shale Gas and Tight Oil Production in the United States 1

2. U.S. Dry Shale Gas Production Sources: EIA Monthly Review, June 2015. Official shale gas estimates, but not survey data. State abbreviations indicate primary state(s).

3. U.S. Tight Oil Production (select plays) Sources: EIA Monthly Review, June 2015. Official tight oil estimates, but not survey data. State abbreviations indicate primary state(s).

4. U.S. Natural Gas Supply by Source Source: EIA, AE0 2015 Dry gas billion cubic meters (bcm) Projections History 2015 Consumption 4

5. Sources: Energy Information Administration, Annual Energy Outlooks 2005 and 2015 Lower U.S. LNG Imports Leaves More Gas Supply for International Markets Evolution of U.S. Net LNG Imports: History and Forecasts Net Imports Net Exports 5

6. DOE Authorizations for Lower-48 State LNG Exports Source: DOE 6 Cumulative Volume of Export Authorizations Aug. 2012 Sept. 2014Nov. 2014 May 2015 Sabine Pass Cameron Freeport Dominion Cove Point Corpus Christi bcf/d 8.61 Aug. 2014 Updated procedures Between Aug. 2012 and Sept. 2014, DOE: Conducted two-part economic study Issued 7 conditional authorizations Issued two environmental reports Between Aug. 2012 and Sept. 2014, DOE: Conducted two-part economic study Issued 7 conditional authorizations Issued two environmental reports

7. Federal Energy Regulatory Commission Review Source: EIA, AE0 2015 7 7 http://www.ferc.gov/industries/gas/indus-act/lng/lng- export-proposed.pdf Onshore LNG Export Projects Under FERC Review, as of June 18, 2015

8. Source: GIIGNL, IGU, PIRA, DOE, FERC U.S. Liquefaction Capacity Pending Applications Over 65 bcm already being constructed Existing Under Construction Final Conditional Final 171 bcm Alaska 8 40% in the U.S.

9. Source: PIRA, GIIGNL, ENR Analysis U.S. Liquefaction – Notional Timeline Sabine Pass First LNG Sabine Pass T 1-2 Cameron T1, Cove Point & Sabine Pass T 3-4 Cameron T2, Corpus Christi T1 & Freeport T1-2 Cameron T3 & Corpus Christi T2 Top Exporters in 2014 (bcm): 1.Qatar - 96 (32%) 2.Malaysia - 31 (10%) 3.Australia - 29 (10%) 4.Nigeria - 24 (8%) 5.Indonesia - 22 (7%) 9 Freeport T3

10. Source: EIA, Annual Energy Outlook 2015 Projected U.S. natural gas exports reflect the spread between domestic natural gas prices and world energy prices 10 U.S. natural gas imports and exports trillion cubic feet LNG imports ProjectionsHistory 2013 ReferenceLow Oil Price High Oil and Gas Resource Pipeline exports to Mexico Lower 48 states LNG exports Pipeline exports to Canada Pipeline imports from Canada Alaska LNG exports