2/8/2012 CONSOL Energy Inc Corporate Profile The leading diversified fuel producer in the Eastern United States n Ticker: CNX n Headquartered in Pittsburgh, Pennsylvania n Founded in 1860 n 9,164 Employees n Market Cap =…
2/8/2012 Investment Thesis and Scorecard Tier One Coal and E&P Assets Provide Synergies and Risk Reduction n Low cost, high-BTU coal that can travel and transform target markets n Low cost assets driving lower and adding liquids…
2/8/2012 E&P Division Goals: Migrating Capital and Activity to High Value Areas Program goals to drive CBM and Marcellus costs lower n Marcellus program through multi-well pads and lengthening laterals n Reported 4Q11 fully…
2/8/2012 CONSOL Energy & Noble Energy JV 2012 Development Plan Six rigs running as of January 2012 (2 in CPA, 3 in SW PA, 1 in WV) 99 (gross) wells to be drilled by the JV, including 39 in the liquids-rich area Guaranteed Net…
2/8/2012 Marcellus Iso-BTU Map Better Defining The Liquids-Rich Areas Liquids-Rich Areas Marcellus JV Position Significant scale and impact Large Acreage Position Within Marcellus Fairway PA n 50% of 628,000 net…
2/8/2012 Marcellus Sweet Spot Hutchinson Pad results may extend sweet spot further north Industry Recognized Sweet Spot in SW PA Pad Location Key Geologic Attributes SW PA Sweet Spot Systematic Development and Expansion Adds…
2/8/2012 Water Sourcing Plan for SW PA Supply established and infrastructure build out underway Alex Paris Booster Alex Paris Project 800 GPM Sufficient for 16 Frac Stages per Day Ohio River via Shoemaker Mine N. Nineveh…
2/8/2012 Marcellus Wells Improving Over 500-Day Period, CNX Wells in SW PA Yielded 21% More Production Than Competitor Well Average Gross Wellhead Gas Production Mcf/d 4,000 3,000 2,000 1,000 0 0 100 200 300…
2/8/2012 Strength in Market Diversity Produce Locally, Distribute Globally CONSOL Ships To Four Continents Widening of The Panama Canal Should Improve Shipping Costs and Potential Coal Margins 19 Marketing: 1Q12 Forecasts…
2/8/2012 CONSOL Positioned for EPA Regulations R&D Study of industry coal burn due to regulations - 90% of CONSOL Thermal Coal sold to scrubbed facilities Baseline (2009) 309 GW 943.2 MM tpy coal Regulatory Impact - 40.0 GW -…