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The Oil & Gas Conference – Cabot Oil & Gas Corp

Cabot Oil & Gas Corp · Aug 23, 2010 · 30 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 1
    Cabot Oil & Gas Corporation The Oil & Gas Conference Denver, CO August 23, 2010
  2. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 2
    Latest Report Card Positive Momentum Marcellus Production Ramp Restored Flow for Well Permits Capacity Expansion Increased Production Guidance Positive/Neutral Impact Haynesville/Bossier Drilling Success (Large Resource…
  3. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 3
    Discussion Situation Realities: Natural gas directed investments at a time when the market is oversupplied Current economic returns vs. opportunity capture for Haynesville/Bossier Balance sheet management to fund these efforts…
  4. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 4
    North Region
  5. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 5
    Marcellus Overview 7 Horizontal Rigs Marcellus Gross Interval Isopach Horizontal 30 D/Avg. IP 8.0 Mmcf/d CI. 50 ft 106 wells drilled 76 completed 4 H completing 100 22 H, 3 V WOC High Pressure 3 H, 1 V WOPL 200 36 H, 33 V…
  6. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 6
    Susquehanna Area 2010 Drilling Program Current Rate: 200 MCFE/D Producing Wells: 36H, 33V BHL 2010 Wells (8V,67H) BHL BHL 2009 Wells (20V, 30H) 2008 and Before (15V, 5H) 2009 Pipeline 2010 Pipeline Tennessee…
  7. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 7
    Gross Production Susquehanna County 300 Actual Production Forecast Production 2011 250 Program Aug 10 36 200 Current Rate 200+ Mmcfe/d Mmcfe/d 150 2010 Program 100 Dec 09 17 50 Dec 08 Base Production 1 0…
  8. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 8
    Recent Marcellus Well Statistics Statistics from Last 10 Wells Turned in Line Category Average Maximum Lateral Length 3,300 ft 4,800 ft Frac Stages 12 18 Measured Depth 10,174 ft 11,657 ft 24Hour IP 12.5 Mmcf/d 18.4 Mmcf/d 12 Frac…
  9. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 9
    Susquehanna Current 5-Year Development NY PA Wayne Bradford LASER PIPELINE Tioga 2014 Wyoming Wastrous 1V Sullivan Lycoming Lackawanna DTE PIPELINE Laser West Fraser 1V 2013 2014 Laser Central 2012 2012 Zone 3…
  10. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 10
    Susquehanna Sales Current Rate (7 compressors): 200230 Mmcf/day Phase Two Lathrop Compression (permit pending): 105120 Mmcf/day Total Compression: 305350 Mmcf/day
  11. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 11
    Pipeline Options Tennessee Gas Pipeline Boston 200 Line Laser Susquehanna Cty. Millennium Pipeline Stagecoach TGP Tennessee Gas Pipeline 300 Line Transco Pipeline Williams Laser Project April 2011 Williams Project July…
  12. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 12
    Susquehanna Take Away Opportunities Takeaway Not a Problem for Cabot * Backhaul to WV 100,000 Mcf/d 3 * Firm Through Third Party Customer 50,000 Mcf/d 3 * Williams Pipeline to Transco up to 250,000 Mcf/d 3 * Stagecoach Lateral and…
  13. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 13
    Water Matters Permitted Water Withdrawal 3 million gallons per day 10 locations POSITIVE: COG does not have flow restrictions as part of these permits Frac Statistics Average usage per stage 400,000 gallons Average flow back per…
  14. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 14
    Susquehanna Summary Drilling permits flowing around 60 in hand Waiting on air quality permit for additional compression at Lathrop Focused on efficient and secure water management
  15. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 15
    South Region
  16. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 16
    Middle Bossier / Haynesville Shales East Texas North Louisiana Gas in Place GMX, DVN, NFR, PVA (Bcf/Section) C.I. 20 (Range 40-200) 6-10 MMCF/D (H) CHK,HK,SM Scale: DVN, XTO, APC 5-28 MMCF/D (H) 13-28 MMCF/D (H) 1-3 MMCF/D…
  17. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 17
    Middle Bossier / Haynesville Shales East Texas North Louisiana Operator Well W.I. Formation Status CRIMSON Gobi 1 H 19.27% Bossier Drilling EOG Marvin Hardy 1H 10.83% Bossier Drilling EOG Oglesbee 1H 10.00% Haynesville Drilling…
  18. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 18
    Middle Bossier / Haynesville Shales East Texas North Louisiana Bossier Shale 640.640 Ac. Middle Bossier Shale Haynesville Shale Haynesville Lime Bossier Haynesville Middle Bossier / Haynesville 640 Acre Unit…
  19. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 19
    EAGLE FORD Oil Window Gas/Cond Window Dry Gas Window PRESIDIO 19,410 gr acres (-9000) BUCKHORN POWDERHORN 39,539 gr acres (-6000-8000) 10,741 gr acres (-4500) COG West 4.5 million acres (oil window) 0 10 20…
  20. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 20
    Presidio Leasehold Sub-Regional EOG EOG Little 1H IP: 345 BO/D Borgfield 2H EUR: 147 MBOE IP: 836 BO/D HUGHES Darlene 2H IP: 1,033 BO/D 423 MCF/D EOG Lyssy 6H 1,112 BO/D 858 MCF/D XTO Tartt 17H Drillling EOG…
  21. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 21
    Overall Company Portfolio
  22. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 22
    Mid-Continent Key Statistics Daily Production (Mmcfe at 8/6/10) 24.3 Formations: Chester, Morrow, Meramec, Cherokee Proved Reserves (Bcfe at 12/31/09) 170.3 % PUD 8.6% Mmcfe/day 100 80 60 40 20 0 Jan Feb Mar Apr May Jun Jul…
  23. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 23
    Rocky Mountains Key Statistics Daily Production (Mmcfe at 8/6/10) 32.0 Formations: Almond, Lewis, Dakota, Frontier, Honaker Trail Mesaverde, Rock Springs Proved Reserves (Bcfe at 12/31/09) 209.3 % PUD 20.2% Mmcfe/day 100 80 60…
  24. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 24
    South Texas Key Statistics Daily Production (Mmcfe at 8/6/10) 16.5 Formations: Frio, Wilcox, Vicksburg, Queen City Proved Reserves (Bcfe at 12/31/09) 71.6 % PUD 4.3% Mmcfe/day 100 80 60 40 20 0 Jan Feb Mar Apr May Jun Jul…
  25. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 25
    West Virginia Key Statistics Daily Production (Mmcfe at 8/6/10) 56.3 Formations: Maxton, Big Lime, Injun, Weir, Berea, Devonian Shale Proved Reserves (Bcfe at 12/31/09) 676.3 % PUD 22.5% Mmcfe/day 100 80 60 40 20 0 Jan Feb…
  26. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 26
    Conventional Total Key Statistics Daily Production (Mmcfe at 8/6/10) 129.1 Proved Reserves (Bcfe at 12/31/09) 1127.5 % PUD 18.8% R/P 23.9 Mmcfe/day 200 150 100 50 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar…
  27. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 27
    Financial Position 6/30/2010 In millions 6/30/2010 Borrowing Base 1,350 Outstanding Debt 1,015 Borrowing Capacity 335 Revolver Capacity 147 Net Debt to Total Capital 34.4%
  28. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 28
    Potential Funding Activities Under Consideration Revolver Expansion Joint Ventures Asset Sales
  29. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 29
    Look at Early 2011 Goal: I. Cash flow positive to cash flow neutral program II. Balance capital between gas and oil opportunities III. Focus: Gas Marcellus 200,000 acres Oil Shales 255,000 acres 500 to 600 million program…
  30. The Oil & Gas Conference – Cabot Oil & Gas Corp – slide 30
    Summary Continue to have best in class position in Marcellus Oil growth opportunities in Texas and elsewhere Focused on balance sheet strength Portfolio has great legacy assets Tremendous funding mechanism (if required) COG…

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