Click to edit Master title style Cabot Oil & Gas Corporation Howard Weil Energy Conference March 30, 2011 Decision making for the long-term WWW.CABOTOG.COM NYSE: COG
Click to edit2010 Master title style Highlights 31% Reserve growth Record growth, while maintaining PUD level at 36% 10 Bcf per 2010 Marcellus horizontal well Up from 7.8 Bcf per well in 2009 1.05 per Mcfe all-in finding…
Click to edit 2011 Master title style Highlights Haynesville/Bossier joint ventures in progress One closed, two being finalized Increased Marcellus infrastructure capacity Compression and dehydration nearing completion (550 Mmcf…
Click to editCapital 2011 Master Program title style 600 million Committed to 600 million program High IRR oil and gas projects South 250 MM North 350 Drilling 84% Other Exploration Expense 3% Seismic Production…
Cabots DrillingClick Program is Well to edit Positioned Master title style Rate of Play Price Return Marcellus N.E. Gas Only 5.00 100% + 3.00 60% Oil Plays * Williston Basin 90.00 90% New Mexico Yeso 90.00/4.50 79% TX Permian…
Click to edit Master title style Cabot Oil & Gas Corporation North Region Decision making for the long-term WWW.CABOTOG.COM NYSE: COG
Click to edit Master title Marcellus style Leader 1st commercial gas well in Susquehanna County Millennium Marcellus Shale 1st horizontal well in Susquehanna Gross Isopach County CI: 50 ft 250 ft 7 of the top 10 producing…
Click Marcellus to edit Master Horizontal title style Well Statistics Horizontal Lateral Length, ft Average IP 4.0 18.0 3.6 16.4 3.5 16.0 3.0 14.0 2.7 Thousand (ft) 12.0 2.5 MMCF/D 2.1 10.0 9.3 2.0 7.4 8.0 1.5…
Susquehanna FirstClick year to edit Master Horizontal title style Production Theoretical Well- 3500 Horizontal Leg- Comparison of Spacing 16000 Incremental IP and 30 day avg. 52% 14000 Incremental Cost 13% 12000 10000…
COGClick to editHorizontal Marcellus Master title style Wells Average Well Production by Program Year 16.0 14.0 12.0 10.0 MMCF/D 8.0 6.0 4.0 2.0 0.0 0 30 60 90 120 150 180 210 240 270 300 330 360…
Click PA Marcellus Horizontal to editWell Average Master title style Production PA DEP Production Data (July 2010 December 2010) * 6,000 5,000 4,000 CABOT OIL & GAS MCF/D 3,000 2,000 1,000 0 Anadarko…
Click COGtoMarcellus edit Master titlePlans 2011 style 5 Drilling rigs 1 Frac crew operating average 2-3 stages/day 54 Wells planned to be drilled (51 horizontal, 3 vertical) 1,132 to 6,176 feet in lateral length range…
Click COG Susquehanna to editGross County Master title style Production 450 Actual Production Forecast Production 400 2011 PROGRAM 350 RATE - MMCFE/D 300 Current Rate 300 MMCF/D 250 200 2010 PROGRAM 150 100 50…
Click to edit Master title style Cabot Oil & Gas Corporation Marcellus Marketing Plan Decision making for the long-term WWW.CABOTOG.COM NYSE: COG
Understanding theClick to edit Capacity Master title / Takeaway style Issues Infrastructure Capacity (Compression, Dehydration) Gathering Capacity Compression Capacity Takeaway Capacity (Interstate Pipes to Market) Tennessee Gas…
Click to edit Infrastructure MasterTimeline Capacity title style EXISTING Teel (4 Compressors) 100,000 Mcf/d completed Lathrop (Compressors 1, 2, 3, and 4) 200,000 Mcf/d completed Compressor Unit 5 completed 75 miles of 10 pipeline…
Click to edit MasterCapacity Takeaway title style Pipeline Mcf/d Date Tennessee Gas Teel & Lathrop 300,000/d to Tennessee Current Laser 150,000/d to Millennium 8.1.11 Springville 300,000/d to Transco 9.1.11 Springville 50,000/d to…
Click Firm to edit MasterContracts Transportation title style Backhaul to WV via Tennessee 100,000 Mcf/d Firm Through Third Party Customer 200,000 Mcf/d Williams Pipeline to Transco up to 350,000 Mcf/d Stagecoach Lateral and…
Click to editPipeline Master title style Options Tennessee Gas Pipeline Boston 200 Line Laser July 2011 Susquehanna County Millennium Pipeline Stagecoach Lenoxville Nov 2011 Jan 2012 TGP Tennessee Gas Pipeline Nov 2012 300…
Click to edit Master title style Cabot Oil & Gas Corporation South Region Decision making for the long-term WWW.CABOTOG.COM NYSE: COG
Cabots South Click to edit Region Master Activity title style Investment Perspective: Solely focused on Eagle Ford Being carried for Haynesville/Bossier activity for 2011 and 2012 Excess Joint Venture proceeds may be used to…
Click to edit EagleMaster title style Ford Acreage Total Eagle Ford Net Acreage: 60,000+ HARLOW PRESIDIO POWDERHORN BUCKHORN 4.5 million acres (Oil window) 0 10 15 Miles
Click to edit EagleMaster title style Ford Position 60,000+ net acres in the oil window (4 distinct areas) 100% success to date 400-500 potential locations with 50-100% WI 3D Seismic over 95% COG acreage 25 net wells in…
ClickPotential Eagle Ford Reserve to edit Master title style & Economics Eagle Ford Typical Well Economics IP 475 1,025 Bopde EUR 375 600 Mboe COG Resource Potential TOTAL 150 300 Mmboe Economic Indicators: BTAX ROR 43…
Cabots Click Buckhorn to edit Master Activity title style IP: 30 day avg. Lateral Well BOE/D BOE/D Length Atascosa Arminius Energy Trust 1H 1,042 814 5,821 Arminius Energy Trust 2H 576 443 4,299 Frio Zella Cromwell Ranch 1H…
Click Activity Industry Powderhorn to edit Master title style Lateral Operator Well Name Well Status Length 1 PetroHawk Mustang Ranch 1H Oil Well 5656 11 10 14 2 PetroHawk Mustang Ranch C 1H Oil Well 6671 13 12 Maverick 3…
Click to edit Master title style Cabot Oil & Gas Corporation East Texas Decision making for the long-term WWW.CABOTOG.COM NYSE: COG
Click to /edit Haynesville Master Bossier JVtitle style Update 3 separate agreements would allow COG to maintain about two-thirds of the original 33,000 net acres 1 agreement has been executed and 2 agreements are in final…
Click Haynesville to edit Master / Bossier title Post Sell style Down COG AC. Cabot After Deals: Bcf Wells Bcf/well Bossier 810 1,600 135 200 68 Haynesville 600 1,200 100 150 68 Total Potential 1,410 2,800 235 350 68
Click toBuilding edit Master title style Momentum Increased infrastructure, increased production in Marcellus Eagle Ford activity growth Haynesville/Bossier overhang solved Financial discipline More clarity in the regulatory…
FinalClick to editMaster Thoughts Top 10title style in 2011 10. Joint venture execution east Texas 9. 550 Mmcf per day of takeaway in Pennsylvania near-term 8. Hedged gas 5.38 7. Hedged oil 99.00 6. Oil production doubling…