Jonah Energy Environmental, Social and Governance Summary

ENVIRONMENTAL, SOCIAL AND GOVERNANCE SUMMARY

A focus on environmental sustainability and leadership AUGUST 2019

We balance responsible development with sustaining our environment

“Jonah Energy's past and present operations in the Jonah Field reflect the company's commitment to gainful and responsible natural gas production as well as environmental sustainability and protection.”

Representative Steve Harshman, Speaker of the Wyoming House of Representatives

About the Jonah Field THE JONAH FIELD IS THE 8TH LARGEST NATURAL GAS FIELD IN THE COUNTRY JONAH ENERGY PRODUCES THE ENERGY EQUIVALENT OF 629,000,000,000 BTU A DAY

OR ENOUGH ENERGY TO POWER 3.3 MILLION HOMES OR COOK 1.4 BILLION EGGS

By reducing habitat loss and reclaiming the land, we limit the long-term impacts to wildlife habitat.

80%

80% of our disturbed acreage to date (5,945 of 7,573 acres) is under reclamation, the highest of any operator in Wyoming.

SINCE 2016 IN THE NORTHERN JONAH FIELD WE HAVE:

WE SPEND AN AVERAGE OF $1.5M/YEAR ON RECLAMATION

Reduced overall well pad surface disturbance by ~80%

We have a diligent wildlife seed mix selection process to prevent the spread of invasive species

Reduced the number of well pads by 90%

We monitor each location yearly to evaluate effectiveness and prescribe remediation strategies

Achieved a 90% reduction in human presence associated with rig mobilization, demobilization and a 27% reduction in the duration of development

Jonah Energy is the first and only operator to be awarded rollover credits in the U.S. To date, 67 locations totaling 175 acres are considered fully reclaimed and utilized by wildlife

Our new Jonah Extension Project includes significant environmentally sustainable practices that result in short-term impact of only 4.5% surface disturbance and long-term minimal impact of approximately 1% We have a partnership with the University of Wyoming Reclamation and Restoration Center to advance our understanding of reclamation and improve and accelerate its benefits

We are a leader in sustainable development within the sensitive sage grouse habitat

We have commissioned and are partially financing a scientific study to understand and protect vital winter concentration areas and voluntarily agreed to limit development pending the outcome.

We are a leader in the Wyoming Sage Grouse Implementation Plan, a milestone in the protection of this species, and have worked for over a decade with conservation organizations and Wyoming officials to design, lead and implement a program that precluded the need to list the Greater Sage Grouse as endangered.

We partner with wildlife protection organizations including The Nature Conservancy and National Audubon Society to bring better science and practices to the protection of wildlife.

ALL OF JONAH ENERGY’S NEW PROJECTS ADDRESS AND ANALYZE AT LEAST 29 RESOURCES AIR QUALITY • CLIMATE CHANGE • CULTURAL RESOURCES • CUMULATIVE IMPACTS • HEALTH AND SAFETY • INVASIVE SPECIES • LAND USE • LIVESTOCK GRAZING • MITIGATION • NEPA PROCESS • OIL AND GAS OPERATIONS • POLICIES • REGULATIONS AND PERMITTING • RECLAMATION • RECREATION • SOCIAL AND ECONOMIC • SOILS • SPECIAL STATUS SPECIES • STAKEHOLDER INVOLVEMENT • SURFACE DISTURBANCE • TRAFFIC AND TRANSPORTATION • VEGETATION AND WETLANDS • VISUAL • WATER • WILD HORSES • WILDLIFE

We empower our employees to protect and enhance our environment

We team with the Wyoming Game and Fish, conservation groups and other industry partners to install protective fences to protect aspens and willows and modify fences throughout the Upper Green River Basin to create safe passthroughs for migrating deer and pronghorn.

“The old stock fences were not wildlife friendly. This fence was removed and replaced with a pole-top wildlife friendly fence,” said Kyle Berg, Pinedale habitat access biologist. “Converting older fencing to a wildlife friendly design means that deer, moose and other migrating game will not get caught while en route.”

We have a track record of developing and implementing leading air emission practices Our leadership has led to the formation of new state environmental regulations on groundwater protection and emissions.

We helped form the Jonah Pinedale Industry Collaboration (JPIC) that will further reduce air emissions in the Upper Green River Basin.

DUE TO OUR INTENSIVE LEAK DETECTION AND REPAIR EFFORTS OUR EMISSION INTENSITY IS EXTREMELY LOW: DESPITE PRODUCING APPROXIMATELY 550 MMCF/D OF NATURAL GAS, OR ABOUT 0.5% OF U.S. LOWER 48 PRODUCTION, OUR ANNUAL FUGITIVE METHANE EMISSIONS ARE ABOUT EQUAL TO THAT OF 191 COWS.

191

“Jonah Energy began implementing proven technologies such as infrared cameras to monitor leaks across its sprawling operations about five years ago—and the results have been astounding. Since implementing this cost-effective technology, Jonah Energy has reduced fugitive emissions by 75% and reduced repair time by 85%, ultimately saving more than $5 million in what otherwise would have been wasted product. The story of Jonah Energy is promising and there are others like it, but sadly methane management is not the industry norm.”

Mark Brownstein, Vice President, Climate & Energy Program, Environmental Defense Fund

WE UTILIZE CLEAN NATURAL GAS AS A FUEL SOURCE FOR OUR DRILL RIGS AND PRODUCTION OPERATIONS OUR TECHNIQUES TO REDUCE EMISSIONS INCLUDE:

“In the area of fugitive emissions mitigation, Jonah Energy is a leader and an example of what can be done when industry leaders step up to the plate for more than just their own bottom line… Jonah’s more robust leak detection program demonstrates what is possible when a company prioritizes Wyoming’s environment and its people, along with its own bottom line.”

Amber Reimondo, Wyoming Outdoor Council Environmental Quality Advocate

ENHANCED LEAK DETECTION USING DRONE TECHNOLOGY ADDITIONAL CONTROL ON WATER TANKS BEYOND WHAT IS REGULATORY REQUIRED GREEN (FLARELESS) COMPLETION PROGRAM SIGNIFICANT CONSOLIDATION OF FACILITIES TO REDUCE POTENTIAL LEAK SOURCES

We reduce freshwater consumption through our industry-leading water recycle and reuse program

0 2.5x 100% 25% -55%

None of our water is sourced from surface withdrawals (i.e. rivers and lakes) We protect area aquifers by protective well casing covering 2.5 times the vertical depth of all known aquifers 100% of all water generated from our completions is recycled 25% of all our produced water is recycled We have reduced freshwater consumption by over 55% in the past 4 years

386 The number of Olympic-sized swimming pools that we would fill with the amount of oil and produced water we handle on an annual basis

1.4

INCHES

The depth to which we would fill one (1) Olympicsized swimming pool with the volume we have spilled in a year

WE SAMPLE GROUNDWATER WELLS ANNUALLY TO ENSURE NO CONTAMINATION

We handled 4,066,859 barrels of produced water in 2018. Our spill volume was 174 barrels or 0.004% We handled 2,012,524 barrels of condensate and spilled 19 barrels or 0.001%, virtually all recovered

We invest in solar power generation to reduce our impact and increase efficiencies

WE UTILIZE SOLAR POWER ON OVER 4,000 FIELD UNITS GENERATING OVER 2.2MW OF ENERGY VIA SOLAR POWER, ENOUGH TO POWER 450 HOMES...

... AND BY MINIMIZING OUR ELECTRICAL INFRASTRUCTURE, WE MINIMIZE THE IMPACT TO WILDLIFE HABITAT.

We take pride in the ability and willingness of our team to give back to those in need

Each year Jonah Energy partners with Sublette County Sexual Assault Family Violence (SAFV) Task Force through funding and volunteer support to provide protection, assistance and support to the victims of domestic violence, sexual assault and stalking. Our joint mission is a commitment to ending violence through prevention education and social change.

75,520

MEALS

We work to reduce hunger in our communities through our partnership with the Food Bank of the Rockies. This year alone we have raised funds to provide 75,520 meals.

25

BIKES

Each year, Jonah Energy assembles and donates 25 bikes for the kids to help promote a healthy lifestyle for Wish for Wheels, a nonprofit organization that gives brand new bikes and helmets to kids in low income communities.

JONAH ENERGY PARTNERS WITH HABITAT FOR HUMANITY BY PROVIDING VOLUNTEER TIME AND FINANCIAL SUPPORT FOR BUILDING HOUSES ANNUALLY.

WE SUPPORT FISHING FOR THE FIGHT, KICKING CANCER AND COWBOYS AGAINST CANCER TO REDUCE THE FINANCIAL BURDEN OF CANCER TREATMENT.

We also have a matching program to encourage our employees to contribute to causes and organizations that make an impact on our environment and communities.

Our employees give to diverse and impactful organizations, such as: THE HUMANE SOCIETY

ST. JUDE CHILDREN’S RESEARCH HOSPITAL

ANIMAL LEGAL DEFENSE FUND

DENVER RESCUE MISSION

CHILDREN’S DISCOVERY CENTER

AMERICAN CANCER SOCIETY

AND 130 OTHER CHARITIES

Our people are our most important resource and the key to our success WE VALUE OUR PEOPLE, AND SUPPORT THEM WITH ROBUST BENEFITS PLANS Jonah Energy employees receive attractive health benefits, are eligible to participate in our 401(k) plan immediately and are automatically enrolled in the company discretionary profit sharing plan.

We are committed to the ongoing development of employees and encourage employees to pursue a greater level of knowledge, skill and expertise through continuing education, training and seminar participation and tuition reimbursement opportunities.

EMPLOYEE ASSISTANCE PROGRAMS (EAP) EAP is offered to all employees and their immediate family members at no cost. The counseling program provides resources and support for a variety of “life� matters including marital and family concerns, depression, substance abuse, grief and loss, financial entanglements and other personal stressors.

We conduct quarterly town halls led by our executive team where all employees are encouraged to participate and ask questions of leadership We conduct a formal leadership training program for all Jonah Energy managers We conduct a detailed employee survey to receive feedback and gather ideas

Safety is a core value We operate safely for each other, our contractors, our communities and our environment.

SAFETY TRAINING COURSES ARE MANDATORY FOR ALL JONAH ENERGY EMPLOYEES

We take all injuries very seriously and have never had a severe injury preventing an employee from returning to work or a fatality.

3,500,000 / 6 DESPITE DRIVING OVER 3.5 MILLION WORK-RELATED MILES IN 2018, ENOUGH TO CIRCLE THE GLOBE OVER 140 TIMES, OUR EMPLOYEES ONLY HAD 6 PREVENTABLE VEHICLE ACCIDENTS AND ALL OF THEM WERE MINOR.

Although privately owned, Jonah Energy practices Corporate Governance similar to a public company.

PUBLIC COMPANY-STYLE BOARD OF MANAGERS STRUCTURE THAT IS COMPRISED OF 25% INDEPENDENT MANAGERS WITH REGULARLY SCHEDULED QUARTERLY MEETINGS: Barth Whitham, Tom Hart, Craig Manaugh, Greg Raih, Dan Allen Hughes, Chris Ortega, Michael MacDougal, Patrick Hickey

Independent Audit Committee with Independent Audit Committee chairperson.

WE MAINTAIN A COMPANY ETHICS POLICY THAT ENCOURAGES EMPLOYEES TO RAISE CONCERNS AND REPORT ANY TYPE OF MISCONDUCT OR SUSPECTED MISCONDUCT ANONYMOUSLY.

Public company-style quarterly financial statements prepared in accordance with GAAP, audited annually by PwC.

WE OPERATE AN ETHICS HOTLINE WHERE EMPLOYEES MAY REPORT ISSUES OR CONCERNS ANONYMOUSLY.

Our activities have a substantial economic benefit to our communities SINCE OUR INCEPTION IN MAY OF 2014 WE HAVE CONTRIBUTED OVER $537,000,000 IN FEDERAL AND STATE TAXES AND ROYALTIES ($298,600,664 FEDERAL AND $238,643,416 STATE) IN OTHER WORDS, IN OUR FIVE YEAR HISTORY WE HAVE FUNDED NEARLY $1,000 IN TAXES AND ROYALTIES FOR EACH OF WYOMING’S 577,737 RESIDENTS

Jonah Energy LLC 707 17th Street, Suite 2700 Denver, Colorado 80202 jonahenergy.com