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Wexpro II Property Approval

This document outlines the processes regarding Wexpro's acquisition of oil and gas properties, particularly in Utah and Wyoming. It clarifies whether specific properties fall within the development drilling areas and the approval status under the Wexpro II agreement. It discusses the application of Questar Gas, cost allocations, and the management of the properties acquired. Key aspects include the regulatory framework governing the properties, acquisition costs, and the role of the Public Service Commissions (PSCs) in the approval process for properties under Wexpro II.

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Wexpro II Property Approval

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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 UTCommission- Allowed ROR (currently 8.41 8.428%). 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 Replacement Wexpro drills new well on Wexpro II property (Developmental Well).

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