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Wexpro's Oil and Gas Property Acquisition and Management Overview

Wexpro's acquisition and management of oil and gas properties includes considerations for properties within developmental drilling areas in Utah and Wyoming. The property management aligns with the Wexpro II agreement governed by Questar Gas Company. The costs associated with acquisition earn the approved rate of return (currently 8.41%) and are managed through specific allocation factors. Evaluation of well results indicates a strategic focus on maintaining productive operations while ensuring compliance with regulatory approval by the Public Service Commissions (PSCs).

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Wexpro's Oil and Gas Property Acquisition and Management Overview

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  1. Wexpro buys oil and gas property Is property within development drilling area? No Wexpro II Property Approval Questar Gas may apply to Utah & Wyoming to include property in the Wexpro II agreement. Yes Does QGC apply to Utah and Wyoming to include property in Wexpro II? Yes Questar Gas shall apply to Utah & Wyoming to include property in Wexpro II agreement. No Acquisition cost of property earn the UT allowed ROR (currently 8.41%). Direct costs are assigned to Property. OH cost assigned using Distrigas allocation factor. Property becomes normal E&P property that Wexpro manages outside of Wexpro I & II. Direct costs are assigned to the property OH costs assigned using the Distrigas allocation Factor. Is property approved by both PSCs to be a Wexpro II property? No Yes Questar Gas Company Wexpro II Agreement Exhibit F Page 1 of 2 Wexpro drills new well on Wexpro II property (Developmental Well).

  2. Wexpro II Well Determination Wexpro drills new well on Wexpro II property (Developmental Well) Dry Well Results 100% Wexpro Productive No Commercial Well 100% Wexpro Hydrocarbon Monitor Yes Oil Sharing @ Base Rate Plus 5% Cost-of- Service @ Base Rate plus 8% Oil Type of Well Gas Sharing Calculation Questar Gas Company Wexpro II Agreement Exhibit F Page 2 of 2 Pass through Accounting Monitor Accounting Monitor 54% Questar Gas Pass Through 46% Wexpro

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