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7 Midstream Oil & Gas Refining & Marketing 13 Equipment & Services 43 Exploration & Production 1 Integrated Oil & Gas Strategic 92% Financial 8% Amount TEV/ TEV/ Date Target Buyer(s) Segment ($ in Mil) Rev EBITDA 1/17/2017 Bass (Permian Basin Oil Fields) XTO Energy, Inc.; Exxon Mobil Corp. Exploration & Production $6, /25/2017 WGL Holdings, Inc. AltaGas Ltd. Refining & Marketing 6, x 15.16x 1/4/2017 DCP Midstream LLC DCP Midsteam Partners LP Integrated Oil & Gas 3, x 8.00x 3/6/2017 Motiva Enterprises LLC Government of Saudi Arabia; Saudi Refining, Inc. Refining & Marketing 2, /7/2017 Double Eagle Energy Permian Operating LLC Parsley Energy LLC Exploration & Production 2, /16/2017 Clayton Williams Energy, Inc. (Delaware) Noble Energy, Inc. Exploration & Production 2, x 43.13x 1/12/2017 Anadarko Petroleum Corp. (Western Eagle Ford Assets) Sanchez Energy Corp.; Blackstone Corporate Private Equity; The Blackstone Exploration & Production 2, /1/2017 Marathon Petroleum Corp. (3 Subsidiaries) MPLX LP Midstream Oil & Gas 2, /27/2017 Midcoast Energy Partners LP Enbridge Energy Co., Inc. Refining & Marketing x 16.21x

8 Strategic Buyer Inv. Date Select Corporate Acquisitions Parsley Energy LLC 2/7/2017 Double Eagle Energy Permian Operating LLC (Subs (3)) 8/15/2016 Undeveloped Acreage And Producing Oil And Gas Properties In Glasscock County 5/23/ ,000 Acres Mineral Rights In Pecos And Reeves Counties 5/23/ Net Acres in Pecos and Reeves Counties 4/4/2016 Riverbend Permian, LLC (8,800 Gross Acres) Ferrellgas Partners LP Sunoco Logistics Partners LP Shell Midstream Partners LP Tesoro Corporation 3/15/2017 Valley Center Propane 12/18/2015 Gasco Energy Supply, LLC 6/1/2015 Bridger Logistics, LLC 7/1/2014 Wise Choice Propane, LLC 5/5/2014 Viking Propane, Inc. 11/21/2016 Energy Transfer Partners LP 9/26/ % Stake in SunVit Pipeline LLC and Crude Oil Business in West Texas 2/26/2015 West Texas Gulf Pipe Line Company 3/18/2014 Explorer Pipeline, Inc. 5/8/2013 Sunoco Inc., Marcus Hook Facility 12/28/2016 Endymion Oil Pipeline Co. LLC 7/25/2016 Explorer Pipeline, Inc. 5/17/ % interest in Zydeco Pipeline,1% in interest Bengal Pipeline and 3% interest in 7/1/2015 Poseidon Oil Pipeline Company, LLC 5/13/ % of Zydeco Pipeline Company, LLC and 1.388% of Colonial Pipeline Company 11/17/2016 Western Refining, Inc. 7/1/2016 Kenai Pipe Line Company and Tesoro Alaska Terminals LLC 6/28/2016 Dakota Prairie Refining, LLC 12/9/ High Value ARCO Sites 12/8/2015 Great Northern Midstream LLC Financial Buyer Inv. Date Select Corporate Acquisitions ArcLight Capital Partners 2/9/2017 Axeon Marketing LLC 11/1/2016 Delta House FPS, LLC 7/25/2016 LOGOS Resources, LLC 12/28/2015 GULF OIL LP 9/15/2015 Hovensa, LLC, Shuttered Refinery on St. Croix's South Shore First Reserve Management LP EnCap Investments LP Kayne Anderson Capital Advisors, LP Kalnin Ventures LLC 12/5/2016 Streamline Production Systems, Inc. 10/10/2016 Gas Natural, Inc. 9/12/2016 Applied-Cleveland Holdings, Inc. 8/10/2016 Chesapeake Energy Corporation, Barnett Shale Operating Area in North Texas 2/24/2016 Western Gas Partners LP 7/28/2016 Raisa Energy, LLC 7/28/2016 Fortis Minerals, LLC 5/6/2016 Felix Energy II 12/31/2015 Verdun Oil Company, LLC 9/21/2015 Council Oak Resources, LLC 7/18/2016 Sabinal Energy, LLC 4/11/2016 Phoenix Natural Resources, LLC 1/13/2016 Invictus Energy LLC 8/17/2015 Monadnock Resources, LLC 7/16/2015 Oak Ridge Natural Resources, LLC 3/20/2017 Radler 2000 LP (Marcellus Shale Assets) 1/17/2017 Chief Exploration & Development LLC (Marcellus Shale Assets)

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11 Amount TEV/ TEV/ Date Target Buyer(s) Segment ($ in Mil) Rev EBITDA 3/31/2017 Stack Asset Chisholm Oil And Gas LLC Exploration & Production /29/2017 Sacgasco Ltd. (Gas Fields 5) Xstate Resources Ltd. Exploration & Production /28/2017 Crescent Cos. LLC Rockwater Energy Solutions, Inc. Equipment & Services /21/2017 Sundance Energy, Inc. (Oklahoma Gas Assets) White Star Petroleum LLC Exploration & Production /21/2017 Black Mountain Oil & Gas LLC (Permians Northern Marathon Oil Co. Exploration & Production Delaware Basin) 3/20/2017 Radler 2000 LP (Marcellus Shale Assets) Kalnin Ventures LLC Exploration & Production /15/2017 Azure Midstream Partners LP (Midstream Business) Enterprise Products Partners LP Midstream Oil & Gas /15/2017 Valley Center Propane Ferrellgas Partners LP Refining & Marketing /13/2017 NextDecade, LLC Harmony Merger Corp. Exploration & Production 1, /13/2017 Creole Chemicals LLC OMNOVA Solutions, Inc. Equipment & Services /9/2017 BC Operating, Inc. (Basin Assets) Marathon Oil Corp. Exploration & Production 1, /6/2017 Motiva Enterprises LLC Government of Saudi Arabia; Saudi Refining & Marketing 2, Refining, Inc. 3/3/2017 Orla Project & Southwest Rim Project Assets Resolute Natural Resources Exploration & Production Southwest LLC 3/3/2017 Ponderosa Energy LLC (Texas Panhandle Oil & gas Molori Energy, Inc. Exploration & Production Assets) 3/1/2017 Clean Energy Renewable Fuels LLC (Renewable BP Amoco Corp.; BP Products North Exploration & Production Natural Gas Bus) America, Inc. 3/1/2017 Total Equipment & Service, Inc. Propell Equipment & Services /1/2017 Marathon Petroleum Corp. (3 Subsidiaries) MPLX LP Midstream Oil & Gas 2, /28/2017 Encana Oil & Gas (USA), Inc. (TMS Assets) Australis TMS, Inc. Exploration & Production /28/2017 Elba Liquefaction Co. LLC EIG Global Energy Partners LLC Refining & Marketing /27/2017 Iroquois Gas Transmission System LP TC Pipelines LP Midstream Oil & Gas /24/2017 HaenepSource LLC FlexWeek, Inc. Equipment & Services /24/2017 Ohio & Pennsylvania Gas & Oil Wells Diversified Gas & Oil Plc Exploration & Production /22/2017 Squaw Canyon Virtus Oil & Gas Corp. Equipment & Services /22/2017 Salt Valley Property Virtus Oil & Gas Corp. Exploration & Production /22/2017 Tin Cup Mesa Unit Virtus Oil & Gas Corp. Exploration & Production /21/2017 Delta Natural Gas Co., Inc. Peoples Natural Gas Co. LLC; SteelRiver Infrastructure Partners LP Refining & Marketing x 13.80x 2/17/2017 Forestar Usa Real Estate Group, Inc. (3 Subs) Mineral Resources Partners LLC Exploration & Production /16/2017 Azure Midstream Partners LP M5 Midstream LLC Midstream Oil & Gas x 12.31x 2/14/2017 Slingshot Supply LLC Performance Wellhead & Frac Equipment & Services Components, Inc. 2/13/2017 Enbridge Pipelines Ozark LLC (Ozark Pipeline Assets) MPLX Pipe Line Holdings LP Midstream Oil & Gas /13/2017 Advantage Pipeline LLC Plains All American Pipeline LP; Midstream Oil & Gas Noble Midstream Partners LP; Advantage Pipeline LLC (Private Group) 2/9/2017 Williams Partners LP (Ranch Westex Gas) Anadarko Petroleum Corp. Exploration & Production /9/2017 Conocophillips (Subsurface Laboratory) Premier Oilfield Laboratories LLC Equipment & Services /9/2017 Axeon Marketing LLC ArcLight Capital Holdings LLC; Exploration & Production Goldman Sachs Capital Partners; Associated Asphalt, Inc. 2/9/2017 Western Gas Partners LP (Liberty & Rome Gas Williams Partners LP Exploration & Production Gathering Systems) 2/8/2017 Stone Energy Corp. (Marcellus Gas Assets) EQT Production Co. Exploration & Production /7/2017 ABA Energy Corp. (Sacramento Basin Natural Gas Sacgasco Ltd. Exploration & Production Wells (13)) 2/7/2017 Double Eagle Energy Permian Operating LLC (Subs Parsley Energy LLC Exploration & Production 2, (3)) 2/2/2017 Greene Energy Group (Chemicals Services Bus) Brenntag AG Equipment & Services /1/2017 ONEOK Partners LP ONEOK, Inc. Equipment & Services 23, /1/2017 Eagle Ford Oil & Gas Assets EV Energy Partners LP Exploration & Production /1/2017 Bluewater Gas Holding LLC WEC Energy Group, Inc. Exploration & Production

12 Amount TEV/ TEV/ Date Target Buyer(s) Segment ($ in Mil) Rev EBITDA 1/27/2017 Midcoast Energy Partners LP Enbridge Energy Co., Inc. Refining & Marketing x 16.21x 1/25/2017 WGL Holdings, Inc. AltaGas Ltd. Refining & Marketing 6, x 15.16x 1/25/2017 Capital Terminal Co. (Terminal Asset) Sprague Operating Resources LLC Refining & Marketing /25/2017 Halcon Resources Corp. (Oil Assets) Hawkwood Energy East Texas, LLC Exploration & Production /24/2017 Leonard E. Belcher, Inc. (Terminal & Storage Assets) Sprague Operating Resources LLC Refining & Marketing /24/2017 Alpha Crude Connector LLC Plains All American Pipeline LP Midstream Oil & Gas 1, /24/2017 Samson Energy Co. LLC (Pecos County Assets) Halcón Energy Properties, Inc. Exploration & Production /24/2017 4Ward Resources, Inc. Mirage Energy Corp. Midstream Oil & Gas /23/2017 Outrigger Energy Investments LLC (3 Subs) Targa Resources Partners LP Exploration & Production 1, /19/2017 Gasco Affiliates LLC CI Capital Partners LLC; Tech Air, Inc. Refining & Marketing /18/2017 Plains All American Pipeline LP (Red River Pipeline Valero Energy Partners LP; Valero Midstream Oil & Gas Bus) Partners Wynnewood LLC 1/17/2017 Chief Exploration & Development LLC (marcellus shale assets) Kalnin Ventures LLC Exploration & Production /17/2017 Bass (Permian Basin Oil Fields) XTO Energy, Inc.; Exxon Mobil Corp. Exploration & Production 6, /17/2017 FMC Technologies, Inc. (Material Handling Systems) TAKRAF GmbH Equipment & Services /17/2017 Bonanza Creek Energy, Inc. Bill Barrett Corp. Exploration & Production /17/2017 Chesapeake Energy Corp. (Gas Assets) Trive Capital LLC; Chesapeake Exploration & Production Energy Corp. (Gas Assets); Core Minerals III LLC 1/16/2017 Clayton Williams Energy, Inc. (Delaware) Noble Energy, Inc. Exploration & Production 2, x 43.13x 1/12/2017 Gulf Coast Power & Control of Louisiana LLC CSE W-Industries, Inc. Equipment & Services /12/2017 Anadarko Petroleum Corp. (Western Eagle Ford Assets) Sanchez Energy Corp.; Blackstone Corporate Private Equity; The Blackstone Group LP; Anadarko Petroleum Corp. Exploration & Production 2, /12/2017 West Texas Permian Basin WPX Energy, Inc. Exploration & Production /11/2017 Vanguard Operating LLC (11 Oil & Gas Assets) PetroGas Co. Exploration & Production /10/2017 Coquille Bay Field Krewe Energy LLC Exploration & Production /10/2017 Fairbanks Natural Gas LLC Borough of Fairbanks North Star Refining & Marketing (Alaska); Interior Gas Utility 1/6/2017 The Technologies Alliance, Inc. Dril-Quip, Inc. Equipment & Services /5/2017 Trinity Oil Project New Horizon Coal Ltd. Exploration & Production /5/2017 Presidio Oil Project New Horizon Coal Ltd. Exploration & Production /5/2017 Turner Gas Co. (Wholesale Propane Division) Crestwood Services LLC Equipment & Services /4/2017 Rex Energy Corp. (Ohio Utica Assets) Antero Resources Corp. Exploration & Production /4/2017 DCP Midstream LLC DCP Midsteam Partners LP Integrated Oil & Gas 3, x 8.00x 1/4/2017 3PS, Inc. McCoy Global, Inc. Equipment & Services /4/2017 Sydson Energy, Inc. (Sugarberry South Project) Texas South Energy, Inc. Exploration & Production /4/2017 Sydson Energy, Inc. (West Tuleta Oil & Gas Assets) Texas South Energy, Inc. Exploration & Production /4/2017 Sydson Energy, Inc. (Ray Field Oil & Gas Assets) Texas South Energy, Inc. Exploration & Production /4/2017 Founders Oil & Gas III LLC (Permian Basin Assets) Houston American Energy Corp. Exploration & Production /3/2017 Global Cos. LLC (Natural Gas & Electricity Business) Sprague Operating Resources LLC; Refining & Marketing Sprague Resources LP; Sprague Energy Solutions, Inc. 1/3/2017 Tallgrass Operations LLC (Subsidiaries (2)) Tallgrass Energy Partners LP Midstream Oil & Gas /3/2017 SM Energy ST LLC KKR & Co. LP; Venado Oil & Gas LLC Exploration & Production /3/2017 Freeport Mcmoran, Inc. (Oil & Gas Fields) Elk Petroleum, Inc. Exploration & Production

45 40 35 30 25 20 15 10 5-8 7 7 Midstream Oil & Gas Refining & Marketing Equipment & Services 39 Exploration & Production - Integrated Oil & Gas Strategic 98% Financial 2% Amount TEV/ TEV/ Date Target

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