BEFORE THE VIRGINIA GAS AND OIL BOARD

RELIEFSOUGHT:

An Ordel'for Disbursement of Escrowed Funds(and Authonzation for Direct Payment of Royalties)

JURISDICTION: Code of Virginla 6 451-351 (et seq) AND 5451-36122 (et seq)

UNIT/WELL NAME; VC-503440

TRACT(S); 2

CEP

ETTCD

LOCATION.'ICKENSON County, Virginia

TAX ID NUMBERS: Tax Map Identification Numbers for all parcels affected by this order are shown on: Exhibit B

DOCKET NUMBER: VGOB-05-1115-1534-01

APPLICANTS: EQT Production Company on behalf of Lambert Land, LLC

HEARING DATE AND LOCATION: Russell County Government Center, Lebanon, VirginiaMay 21 2013

APPEARANCES: James Kaiser on behalf of EQT Production Company

PRIOR PROCEEDINGS:

NOTICE:

1. Original Pooling Order Executed 01/10/2006, Recorded on 01/17/2006 Deed Book/instrument No.421, Page 609.

2. Supplemental Order, Recorded on 02/27/2007, Deed Book/Instrument No. 435, Page 164.

tjIKCIKOVIK

JUL—2 2013

The Unit Operator gave notice to the Appgeants that the Board would consider its disbursement petition at ttte May21, 2013 hearing and considered whether to:

Page Number 1.

(I) Amend the Pooling Order to provide for the disbursement of funds on deposit in the EscrowAccount attributable to Tract(s) 2 identified in the attached petition.

(2) Delete the requirement that the Unit Operator place future royalties attributable to Tract(s) 2 relative to theinterests of the Applicants Identified In the attached petition

(3) Continue ths escrow account under this docket number.

FINDINGS: Code of Virginia 5 45.1-361.22

Applicant has certified and represented to ths Board that.

Standard Banner Coal Corporation was a conflicting claimant with Lanbert Land, LLC with regard to Tract 2 ascreated by Board Order VGOB 05/11/15 1534 To resolve this conflict, a lstterdatsd March 21, 2013 signed byConrad McNeer, President of Standard Banner Coal Corporation is attached hereto.

RELIEF GRANTED:

VGOB Disbursement

Unit VC-503440Fractional Net Acreage Royalty Escrowed

Ownership Ownership Split Acres

~ 3Percent of v hEscrowsd

FundsVGOB-05-1115-1534-01 in Tract in Tract Agreement Disbursed Disbursed

Table 1

Tracts: 2

Item Tract Disbursement Table

Total acreage in escrow before disbursement 23.09000

2 Tract 2 (total acreage)

(Lambert Land, LLClPO Box 490. Nore. VA 2427217 45

1745001 10000/I 1745001 755735441

1. The Escrow Agent ls ordered, to within ten (10)days of receipt of this executed order, disburse funds forthe unit and applicants detaged ln Table 1.

Page Nusbex 2,

2. The Escrow Agent is ordered to continue the Escrow Account for ths Subject Drilling unit based on theattached Revised Exhibit E which replaces all prior Exhibit E's recorded for the Subject Drilling Unlb

CONCLUSION:

Therefore. ths requested relief and sll terms and provisions set forth above be and hereby are granted and IT IS SOORDERED

APPEALS:

Appeals of this Order are governed by the provisions of the Code cf Virginia 5 45.1-361.3which provides that anyorder or demsion of the Board may be appealed to the appropriate drcuit court and that whenever a coal owner. coaloperator, gas owner, gas operator, or operator of a gas storage field certificated by the State Corporation Commissionis a party m such action, the court shall hear such appeal de novo

C7ISS

C/lID42D

Page Number 3.

DB 508 P6728

DUNE AND ExEcUTED this 12 day of June, 2013 by s majority of the virginia Gas and ouBomd.

DONE AND PERFORMED this 12~oui I !!!

""„~tfjigfd~o"!!rrrlrlrlrCOMMONWEALTH OF VIRGINIACOUNTY OF RUSSELL

Chairman, Bradley C. Lambert

day of June, 2013 by Order of the Virginia Gas and Oil Board.

PJck CooperPdncipal Executive to thestalf, Virginia Gas and Oil Board

W /Acknowledged onthis~8 day of Lteeux,~ pemonally before me a natary publicIn and for the Commonwealth of WBInis, appeared Bradley C. Lambert, being duly swam diddepose and say that he is the Chklrfnan of the Virginia Gas snd Oil Board and appeared PJckCooper, being duly sworn did depose and say that he Is Princlpal Executive to ths staff of thsVirginia Gas and Oil Board, that they executed the same and was authorised to do so.

My Commission expires: September 3g, SS13

4!'o!un!~!!!!

crt Bygbpiysttk '.4k=

Page Number 4.

DB 508 PG729

BEFORE THE VIRGINIA GAS AND OIL BOARD

PETITIONER: EQT Production Company

RELIEF SOUGHT: (1) DISBURSEMENT FROMESCROW REGARDING TRACT(S) 2(2) AND AUTHORIZATION FOR DIRECTPAYMENT OF ROYALTIES

DIVISION OF GAS AND OIL

DOCKET Nor VGOB 05-1115-1534-01

HEARING DATE: May 21. 2013

DRILLING UNIT: VC-503440

DICKENSON COUNTY, VIRGINIA

PETITION FOR ORDER OF DISBURSEMENT OF ESCROW FUNDS

1.Petitioner and its counsel

Petitioner is EQT Production Company, 225 North Shore Dnve, Pittsburgh, PA 15212, (412)553-5700. Petitiorier's counsel is James Katser. Wilhoh and Kaiser Law Firm, 220 Broad Street, Suite210, Kingsport, TN 37660.

2. Relief Soughl

Petition for disbursement of escrowsd funds on behalf of Lambert Land for Well VC-503440,VGOB 05/11/1 5-1534.

3.Legal Authority

Va Code Ann 5 45 1-361.1et seq., 4 VAC 25 160 140., and relevant Virginia Gas and OilBoard Orders ("Board" ) heretofore promulgated pursuant to law.

4. Type of Weg(s)

Coalbed Methane

5. Factual basis for relief requested

Standard Banner Coal Corporation was a confscting claimant whh Lanbert Land, LLC with regardto Tract 2 as created by Board Order VGOB 05/11/15 1534 To resolve this conflict, a letterdated March 21, 2013 signed by Conrad McNeer, President of Standard Banner CoalCorporation is attached hereto.

6.Attestation

The foregoing Petition to the best ol my knowledge, mformation, and belief m true and correct.

Page Number 5.

,08 508 Pt3730

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COMPANYI Rsadadda Pfsaaa doa Canaan WBLLNAMS ORNUMBER: VC 363446TRACT NIBSBBIU QUADRANGI3L NoseDISTRICI'. XaaadvWSLL~SBS(PIRO NIA STAIR PLAÃKL N-17A641S2 %4K%%9.76RLRYATSBL rldRSP ~, 'RZNODUNSDTOaerannmSLSPAIICSL

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COUNTT1 ~ I SCALE: I1497 DAIF. 6643S63INSI PLAT ISANSIPPIAT+.; AN UPDATED PLAT I OR A FINAL LOCA

+ Daaao dm soosha of IuoaooUosod aaoo Ioposmpbassopaamle I le 2odsasdaAm~d~adas~sp~sa osd I~guar Sooa

page Number 6

OB 508 PS73 I

SLIPPLEMENTAL SHFETFOR VC-503440

Lease No. 2414004 IL-225John Satyr r Tr.BSID ACRO!

Lease"—tcsnhws

LeaseLswfwlos lnanw IF

Standwd sr Coal Cwp.—Coal Bc OIRe!rom 5 argy Ccc —Cod LesseeLease NaLoerwma lerner Hens - gas Waasalgoe 3.05 Ao„8.25N

QM

r~ KDJ 244712LIL'H, Los|I Hshe 7I;3D',875 A 28158."N Lsn 1 Hoes —gae

Jomprh !.Bc Tahltha tL Lcog - I/2 tcL ~

Danny l: Sharon N. Long - I/O Inh-.„„Acdy L Boned - 1/8 Int

Timothy.R. Ih Vere V. Long 1/8 InhLeans Nal 241480LStandard Swear Caal Carp. Coat R 08Rapoaa 5 mrgy Ca. —Coal Lssssagae 2.58 Ao, *385

Lease No 241400L, TL-225ttcgamas Long Tr.14.5 ACRI 5Sondord Bannm'aal CcnS.Coal, OA gae O CNBRoposo 2 cwgy Ccc —Coal Loosegco 1.18 le., I.BTR

Lease No 241480L TL 225Hmhmnm Imrg Tr,SSBI ACI IBS5tandwd hmnw Coal Carp.coaL oh gas R cstlRapoao gy Ccu - Coal Lassesgae 528 Am, 5,805

page number 7

VGOB Disbursement

Unit VC-503440

VGOB-05-1115-1534-01

Fractional Net Acreage

Ownershi Ownership

P

In Tract in Tract

Royalty

Split

Agreement Disbursed Disbursed

Escrowed Percent of Disbursement

Acres EscrowedFunds

Table I

Tracts'

Item Tract Disbursement Table

Total acreage in escrow bofors disbursement 23.09000

2 Tract 2 itotal acreage)1 I 2 ILambert Land. LLCIPO Box490. Nore, VA 24272

Wegs contributing to the escrow account: VC.503440 WIPL

17.4517.45001 100,00'/

I 17.4500175.5738%1 $34,985.531

Page ttumber 8.

EXHIBIT hBs

VCw403440VGOS GERT715.1934

DB 508 PG733

LEASEETTE

8 WMM OM

INTERESTWITNI N

UNTT

GROSSACREAGE

IN UNIT

I 03082SM G h 8 e Cod ~hnctoEMI eh 03 leesAh Mih Ct~PO 8 750WI, VA 24293

2 04WOLaW hL N!LLCP.O. 8 4WN . VA 24272

GM GEPC2414907 GTL-m

d

31 2300

17 4500

3 06250I. 1 Net

UM a UN tee

4 8N Leo Roe

4 Anhh WNTdhha G. LegPO 8 261C th ~ VA 24224

theet244712

Os~ UhgSt MWWPO 84«361LGWN .VA 242M

AMT L M

PO 8 314L I,VA 24280

TGMI8RL N7 V LOWRL2 8 8thC~ VA

5 06041sl dhe Bshe Cwl Con»neonCIOEWnhehRIS, I

51st M,l OIMPO 8 750Wl .VA 242!e

6 C6070SW de tf IM Cod 0 WWNCIO GTI Gl & IwAh MWOPO 8 750Wl .VA 248t3

Loosed244712

LWMd24471 2

LMWd244712

L ~.EPC241490LTL-223

Md. EPC24149thTL-223

O.IOOOG

0 0000

GOXO

I.tee

TOTAL GAS ESTATE

Pee nhG MLMAUP N I g MthMU haled

A g Uhl LGMWA g this IU ~

84.770000%623GKON

PGN 1 Oi 2

BSEB Number g.

08 508 PG734EXHIBIT eB"VC-503440

UGOS 05fllf15-1533

TRACT ~LESS RLEASEETTI

INTERESTWITNIN

UIIIT

GROSSACREAGEIIII

c Iced 8

\ 060S2Emcee 8 e ow ceoeae

Alt Me Ci4Po Se 750Wee. VA 24293

L~ EPC24t490

T I TL-223

31.2300

2 04920Sla d dB! 0Oat EM ~sAte M I CI~P.O 8 750We, VA 24293

~EPC24149DLtregs

t7 MDO

3 06259Ssedanl Ie Cee~cifl eg w s etsAlt feei OiPC 8 75DWee. VA 242D3

Leeld-EPC241490L

3 0800

BewaeBa c Ic e 5COSS WSAtt Mk CsPO 8 75D

W, VA 24263

5 e w MB we c I c wwgwCic Set~RE 6Ale Mtt cseePO 8 750wi, tiA game

d -EPC241490L

awed -EPC241490L

I 1600

6 seeeeB teel ceeeeClc Englwt n98An Mls CfPO Box750Wi .VA 2 293

Lwlel CPC2I1490L

3 2!eo

Tee coal Ewe

pawned ewaeamp wwe e cwind

100 0082216.0 Dfoffce

Aoeltgel Uetl aedteeee e Uet Ue el

53 77le0.0000

P 9 2ef2

Page Number 10.

DB 508 P6735EXHIB]T "En

VC-5GS440levised Bt2812073

INTERESTLEASE WITHIN

GROSSACREAGE

IN UNIT

3 06259Lawtenoa Twl8f HshaUnknow 6 Unfomdalde

Unkmmm

4 8 H. Long Hexa

Joseph A. LongTabgm B.LongP.O Box 261Caedenood, VA 24224

Denny LongBhalo M. LongP O. Box 361Lebanon. VA 242ee

Leaked244712

Laewd244712

2 77982Th

0 72670mB

Jada L ManaalP O. BOX 314Lebanon, VA 24266

Txholhl 8 LongVma V. LongRl 2 Box 936

aadexxxm. VA

Leawd244712

0.7267%RA 0 4267

Teal oas Bsmle

Page 1 012

Page Number 11.

N 508 %736

TRACT LESSOR

EXHIBIT "EE"VC-503440

revised 3/28/2013INTEREST

LEASE WITHIN

STATUS UNIT

GROSSACREAGE

IN UNIT

Bas Estate Onlv

2 04920Lamt rtLand LLCP.O. Box 490Nore, VA 24272

29.700000% 17.4500

Total Gas Estate 29.700000'/ 174500

Coal Estate Onlv

2 04920Standard Banner Coal Corporation Leased-EPCC/0 Engineeding Services 241490LAttn Mike Clisso TL-223P.O. Box 750Wise, VA 24292

Total Coal Estate 0.0000

Page Number 12.