of 18
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Making the Marcellus Attractiveat Todays Economics
Martin Craighead
President and Chief Operating Officer
Baker Hughes
2010 Baker Hughes Incorporated. All Rights Reserved.1
8/8/2019 002.Martin Craighead
2/18
Marcellus Asset Life Cycle
2010 Baker Hughes Incorporated. All Rights Reserved.2
Exploration
Appraisal
Development
Production
Rejuvenation
Plug andAbandon
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2010 Baker Hughes Incorporated. All Rights Reserved.3
Extent of Devonian ShaleMarcellus Shale
Clarksburg Facility
Mountaintop Facility
Fairmount City Facility
New Stanton Facility
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2010 Baker Hughes Incorporated. All Rights Reserved.4
TARGET
Shale Gas Evaluation SuiteMcKean County, Pennsylvania
Exploration
8/8/2019 002.Martin Craighead
5/18
2010 Baker Hughes Incorporated. All Rights Reserved.5
Reservoir Navigation ServicesArmstrong County, Pennsylvania
Appraisal
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6/18
2010 Baker Hughes Incorporated. All Rights Reserved.6
6000.00
7000.00
8000.00
9000.00
10000.00
11000.00
12000.00
13000.00
0 1 2 3 4 5 6 7 8
MeasuredDepth
(ft)
Days on Well
Drilled with conventionalmotor
Motor in the curve andAutoTrak rotarysteerable system inlateral
Next generationAutoTrakrotarysteerable system with
high build up capability
Drilling OptimizationGreen County, Pennsylvania
Appraisal
8/8/2019 002.Martin Craighead
7/18 2010 Baker Hughes Incorporated. All Rights Reserved.7
Natural Fractures Offset Fractures Fault
Image Data
Appraisal
Fault DrillingInducedFracture
OffsetInducedFracture
Bedding
PlaneBeddingOffset
Fault
OffsetInduced
Fracture
FaultPartiallyOpen
Fracture
BeddingOffset
8/8/2019 002.Martin Craighead
8/18 2010 Baker Hughes Incorporated. All Rights Reserved.8
8/8/2019 002.Martin Craighead
9/18 2010 Baker Hughes Incorporated. All Rights Reserved.9
Plug and Perf Completion Systems
Development
8/8/2019 002.Martin Craighead
10/18 2010 Baker Hughes Incorporated. All Rights Reserved.10
Single Run Multizone Completion Systems
Baker Hughes FracPointTM System
Development
8/8/2019 002.Martin Craighead
11/18 2010 Baker Hughes Incorporated. All Rights Reserved.11
Annular FracBHA
EasyTag CCLPacker
Baker Hughes Ported Collar and Custom Pup Joints
Coiled Tubing Annular FractureCompletion Systems
Development
8/8/2019 002.Martin Craighead
12/18 2010 Baker Hughes Incorporated. All Rights Reserved.12
Fracture Stimulation Modeling
Development
0 200 400 600 800 1000 1200
Length (ft)
Width Contours
8/8/2019 002.Martin Craighead
13/18 2010 Baker Hughes Incorporated. All Rights Reserved.13
0
200000
400000
600000
800000
1000000
1200000
0 1000 2000 3000 4000 5000 6000 7000NORALIZED
6MO
GASCUMP
RO
D
APPROX HORIZ LENGTH
NORMALIZED 6 MO GAS CUM VS LENGTH
Key Learnings
Development
8/8/2019 002.Martin Craighead
14/18 2010 Baker Hughes Incorporated. All Rights Reserved.14
0
200000
400000
600000
800000
1000000
1200000
82 84 86 88 90 92 94 96NORMAL
IZED
6MO
GASCUMP
RO
D
AVG DRIFT ANGLE
NORMALIZED 6 MO GAS CUM VS AVG DRIFT ANGLE
Development
Key Learnings
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Total Production Solutions
2010 Baker Hughes Incorporated. All Rights Reserved.15
Production
Design productionsystems
Maximizesaleable gas
Reduceenvironmental risk
Decline Curve
Time
Production
8/8/2019 002.Martin Craighead
16/18 2010 Baker Hughes Incorporated. All Rights Reserved.16
Rejuvenation
Rejuvenation
Reduce production decline
Remediate sub-economic
wells Determine a recompletion
and workover strategy
Refracture
8/8/2019 002.Martin Craighead
17/18 2010 Baker Hughes Incorporated. All Rights Reserved.17
Environment Minimize surface impact
SmartCare: Environmentally responsibleoilfield chemicals
Water management
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18/18
Making the Marcellus Attractiveat Todays Economics
Martin Craighead
President and Chief Operating Officer
Baker Hughes