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## Index to Financial Statements 

The following table summarizes the changes in reserves for 2016, 2017 and 2018: 

<img src='content_image/1038049.jpg'>

(1) The Fayetteville Shale E&P assets and associated reserves were divested December 3, 2018. 

(2) Other includes properties outside of the Appalachian Basin and Fayetteville Shale. 

The Company's December 31, 2018 proved reserves included 190 Bcfe of proved undeveloped reserves from 30 locations that had a positive present value on an undiscounted basis in compliance with proved reserve requirements, but do not have a positive present value when discounted at 10%. These properties had a negative present value of $24 million when discounted at 10%. The Company made a final investment decision and is committed to developing these reserves within the next five years from the date of initial booking. 

The Company's December 31, 2017 proved reserves included 1,375 Bcfe of proved undeveloped reserves from 330 locations that had a positive present value on an undiscounted basis in compliance with proved reserve requirements, but that have a negative $124 million present value when discounted at 10%. The Company's December 31, 2016 proved reserves included 77 Bcfe of proved undeveloped reserves from 15 locations that had a positive present value on an undiscounted basis in compliance with proved reserve requirements, but that have a negative $11 million present value when discounted at 10%. 

