2009 Investment Focus West Region East Region Marcellus Shale Chester/Morrow Tight Sands Moxa Arch Huron Shale Gulf Coast County Line Trawick Minden (Haynesville Shale)
Total Capital Spending Balance Investment Program * 600 Million East West/Canada Gulf Coast * Being evaluated with current commodity pricing in order to stay within cash flow.
Cabot Oil & Gas Corporation OPERATIONS
East Texas 10 Miles Highlights Panola Minden First entered play mid-2005 134,000 gross acres Drilled 140 wells to date First production Jan 2006 Current gross prod. 134+MMcfed 137 miles of pipeline Rusk 10 rigs working…
Key Acquisition Statistics - Minden 603 million EFFECTIVE DATE 5-1-2008 176 Bcfe proved reserves 2P reserves of 261 Bcfe 3P reserves of 517 Bcfe 25,000 gross acres 32 Mcfe of production per day Infrastructure Excess takeaway…
East Texas Minden Field Highlights CWC: 2.2-5.2 MM Pot. Reserves: 500-800 Bcfe Gross Acres: 12,700 Acquired: 25,000 W.I.: 75-100% Wells Drilled: 94 (85 on prod) Acquired: 68 (65 on prod) PANOLA Formation: TP/CV/HV Drilling…
East Texas Stratigraphic Section Minden Area ------------------------- 3P Reserves ---------------------- Rodessa (Hill & Gloyd), 10,700 MD James, & Pettet Limestones Haynesville Shale ----- Potential Upside ----- 7,300…
Minden Field Cotton Valley Exploitation Plan HV CV CV CV 1,000 1,000 1,000 1.0-1.4 Bcfe/well Cotton Valley CWC 2.2-2.7MM/well 3-6 Bcfe/well Haynesville CWC 5-6MM/well 4,000
Gulf Coast - Haynesville Activity PVA FOGLE 5H CHK Wood Upshur Horizontal Haynesville Tx Test La 8 Haynesville Horizontal Wells W I.P. 8 Mmcf/d Avg. I.P. 5 15 Mmcf/d GDP Harrison Bossier T. Swiley 5 Gregg GDP Caddo 170…
East Texas - Trawick Field Outside Operated Potential Inventory IP 1.5 - 4.0 MMcfd TP Formation Locations (Bcfe) TGU 29-101 2.9 Mmcf/d James 25-30 50-90 Haynesville Lime Pettet 5-10 5-20 TGU 57-1 Travis Peak 200-300 200-450 TGU…
East Texas - County Line County Line VALUE ENHANCEMENT Reserves: 3-5 Bcfe/well Underbalanced drilling CWC: 3.4-4.0 MM Packers plus production casing Gross Acres: 31,000 acres 10 stage slick water frac WI: 92% Avg. Immediate…
East Region 99% Natural Gas 32-Year Reserve Life 1,000 9,000 Well Depths 3,178 Gross Wells PA 97% of Wells Operated 3,000 Miles of Pipeline 2 Storage Fields Totaling 4 Bcf 1.2 MM acres WV Charleston 65,000 HP Compression 100…
East Region 2008 Program Traditional 196 Marcellus Vertical 16 Horizontal 7 PA 2009 Program Traditional 19 Marcellus WV Vertical 30 Charleston Horizontal 30 New Initiatives Horizontal Berea Confirmed/Producing
East Region Marcellus Acreage 150M+ 4 Active Projects Leasing 5 Rigs Operating 4 Horizontal Cased, 1 producing Horizontal IP 4 Mmcfgpd+ 18 Wells Drilled 9 Completed PA 9 WOCT 9 Producing Field Production: 11+ Mmcfgpd WV…
COG Chester Morrow Fast Review of Moxa Arch Other Value Adding Activities Hinton Total Resource
COG Morrow Program CW cost: 0.9 1.3 MM KS Reserves: 0.8 1.2 Bcf/well Chester Drilling time: 11-15 days Morrow 2008 wells: 30 2009 wells 3 Moxa Arch OK TX Hinton 2,200 10,500 Well Depth 78% Operated 50 Net PUD Locations…
COG Rocky Mountain Area Moxa Arch, WY LRU 60-21 5,500 15,000 Well Depth 6.5 Mmcf/d Formation: CWC: Frontier/Dakota 1.1 1.7 MM Chester Morrow 50% Operated Kf 59 Net PUD Locations Locations: 500 600 PRB 700 850 Bcfe Reserves:…