Our Energy Segment is
comprised of long-
lived, lower-decline rate
and lower geologic risk
conventional oil and
gas assets
8
Energy Segment
Quarterly results reflect both ongoing commodity price declines as well as the impact of
previously-announced asset sales:
—Revenue declined 60% from 3Q15 to $9.7 million
—Compass has remained profitable on an Adjusted EBITDA basis in both the quarter and
year-to-date
Agreement reached after the close of the quarter to sell our equity interest in Compass
for an amount greater than its book value
—This transaction is expected to close in the current quarter
