Cabot Oil & Gas Corporation Investor Presentation Investor Presentation EnerCom, Inc. The Oil & Gas Conference Denver August 13, 2012
SIMPLE FOCUSED STORY 2ND HALF 2012 Joint Joint Venture Funding Allows for Increased Venture Funding Allows for Increased Activity Levels Marcellus (4 rigs) Marcellus (4 rigs) Pearsall (2 rigs) Eagle Ford (1 rig) Eagle Ford (1…
Cabot Oil & Gas Corporation Highlights
Click to edit Master title style CAPITAL PROGRAM 2012 775 to 825 million (net of asset sales and JV) 2013 Estimate 900 million to 1 billion Drilling 40% 83% Liquids Other Exploration Expense 60% 2% Gas Seismic 1% Gas…
PREMIER ASSETS CONTINUE ClickTO toDRIVE CAPITAL edit Master title style EFFICIENCY 3.00 Drillbit F&D 1 2.66 2 50 2.50 2.20 2.00 /Mcfe e 1.50 1.29 1.27 1.25 1.25 1.00 0.50 0.00 2007 2008 2009 2010 2011…
Click to edit Master title style LEADING PRODUCTION THICKEST MARCELLUS Cumulative Production 6+ BCF 5-6 6 BCF 4-5 BCF 3-4 BCF View is looking northeast across 2-3 BCF Susquehanna County Bare Earth LiDAR with Aerial…
PROVING UP ACREAGE FURTHER STEPOUTS Daniels Pad Reilly Pad Zick Pad View is looking north across Susquehanna County Bare Earth LiDAR with Aerial photo, Township Lines, All wells and Cabot Acreage 3 Miles
DANIELS 1V THICK, Click HIGHtoTOC MARCELLUS, edit Master title style EXTENDS EAST Fraser 1V Teel 2/7 Stalter 8V Daniels 1V 0 GR (API) 400 0 GR (API) 400 0 GR (API) 400 0 GR (API) 400 240 ft 370 ft 50 ft LOWER…
HYPOTHETICAL - 10 WELL PAD, 130+ POTENTIAL STAGES 1000 ft 500 ft N 1000 ft.
Click to edit Master title style EFFICIENCIES OF PAD DRILLING Pad A Pad B Pad C Pad D of wells per pad 2 4 8 10 Total rig move days per pad1 Total rig move days per pad 90 9.0 11 0 11.0 15 0 15.0 17 0 17.0 Spudtorig release…
Cabot Oil & Gas Corporation Marcellus Infrastructure
PRODUCTION OUTLETS Delivery Point y Pricingg 54% Springville to Transco Dominion, Appalachia plus 26 36% TGP 300 Dominion, Appalachia less 1216 10% Millennium 10% Millennium Dominion, Appalachia less 1216 Dominion, Appalachia…
MARKETS Click to edit Master title style VT NH Iroquois NY TGP 200 Line Constitution MA Laser RI Millennium CT TGP 300 Line Stagecoach Susquehanna County Springville Transco PA NJ 18
INFRASTRUCTURE CAPACITY WELLHEAD TO INTERSTATE PIPELINES Gathering Infrastructure Flow lines and gathering lines connecting all pads to the various compressor stations Compression Capacity Current Lathrop Station 450,000 Mcf per day…
Cabot Oil & Gas Corporation South Region Oil Plays
CURRENT DRILLING AREAS Cabot Oil & Gas Corporation Current Active Drilling Areas Active Drilling Areas Net Acres Marmaton Penn 69 578 69,578 Lime Eagle Ford 72,267 Pearsall * 54,767 *Osaka Transaction in Pearsall…
SOUTH TEXAS Cabot Oil & Gas Corporation EAGLE FORD / PEARSALL
EAGLE FORD & PEARSALL Austin Chalk S A t i San Antonio target Eagle Ford POWDERHORN PRESIDIO Buda Del Rio Shale BUCKHORN Georgetown Edwards Glen Rose Rodessa Bexar Shale target Cow Creek Pearsall James target…
BUCKHORN EAGLE FORD CURRENT STATS 5 RECENT WELLS Average Peak Rate: 781 Bopde ALL WELLS Average 30-Day Rate: 616 Bopde Wells Drilled: 33 Well D Current Drilling: 2 30 day IP: 756 Bopde Lateral: 7,088 Wells Producing: 32 Well C…
BUCKHORN EAGLE FORD DOWN SPACING Wells C & D Original spacing 1,200 Spacing 1,000 1,200 ft Wells G & H 20 miles 400 Spacing Prep to zipper frac Wells A & B 400 Spacing Treated Lateral (FT) Stages 30Day AVG IP (Bopde)…
REGIONAL PEARSALL ACTIVITY p Lee g Travis NE Trend: Cheyenne, EOG, Valance, Chesapeake, Comstock, Plains. Kerr Blanco Hays Bastrop SW Trend: Chesapeake Hughes Blackbrush Shell Anadarko SW Trend: Chesapeake, Hughes, Blackbrush,…
BUCKHORN PEARSALL 2012 PLANNING COG Type Log PEARSALL COG Pearsall DRILLING Evaluation Well GROUP 500 600 DRILLING Atascosa Frio Mc Mullen L S La Salle ll COG Pearsall Evaluation Well
PEARSALL INFRASTRUCTURE p Lee g Travis Blanco Kerr Hays Bastrop Kendall Edwards Fayette Real Caldwell Comal Bandera Val Verde Colora Guadalupe San Antonio San Antonio Bexar Gonzales Kinney TexStar H2S Uvalde Medina…
PENN LIME - MARMATON Cabot Oil & Gas Corporation
PENN LIME MARMATON N Beaver Last Five 24 Hour Rate After Texas Beaver Completions Cleanup Bopd Mcfpd . OK Well A 1,279 1,144 TX Well B 646 563 Perryton Well C 1,107 870 Hansford S Lipscomb Well D 647 345 Ochiltree 0 4 8…
PENN LIME MARMATON HIGHLIGHTS PRODUCTION Well E 4,766 Bopde GROSS (Top 5 IPs in the state since 2010) 2,528 Bopde NET Ongoing Barefoot Completion test COG Operated 11 wells: producing (nonfracd) 2 wells: drilling Average WI…
IN CLOSING Tremendous growth opportunities, as highlighted by g pp , g g y 2012 and 2013 Guidance Prudency in Balance Sheet Prudency in Balance Sheet Cash flow positive Investment Program in 2013