Barclays CEO Energy-Power Conference September 6, 2012
CONSOL Energy Inc Corporate Profile The leading diversified fuel producer in the Eastern United States Ticker: CNX Headquartered in Pittsburgh, Pennsylvania Founded in 1860 9,164 Employees Market Cap = 7.2 Billion EV = 9.9…
Core Values Safety CONSOL has invested over 1 billion since 2006 on coal-related safety projects Commitment to Absolute Zero Compliance Continuous Improvement 4
Conveyor Belts at Bailey Prep Plant Return to Service 5
Coal Division Strategy Invest in Organic Coal Projects to Participate in Growing World Coal Markets Organic Coal Projects Amonate Mining Complex (300,000 tons of mid-vol) Baltimore Terminal Expansion (14 MT going to 16 MTs in…
Investing in Metallurgical Coal Production Developing metallurgical coal assets organically at a cost (/ton) well below competitors recent acquisition rates When added to existing production, met capacity increases to over 14 MM tons…
CONSOLs 100%-Owned Baltimore Terminal 8
Strength in Market Diversity CONSOL Ships To Four Continents Widening of The Panama Canal Should Improve Shipping Costs and Potential Coal Margins 9
Gas Operations: Horizontal Rigs Running Ohio 10
Record Results in Westmoreland County, Pa. Gaut-4 Pad Peak 24-Hour Rates (MMcf/d) Stages Gaut 4A 18.3 29 Gaut 4B 12.1 29 Gaut 4C 11.1 28 Gaut 4D 23.7 24 Total 65.2 109 11
Marcellus Wells Improving Drilling Summary by Year 2012 2011 (8/9/12) Wells TDd 78 45 Total Ft MD 922,264 607,584 Lateral Ft 300,466 255,901 Average Lateral 3,853 5,687 Average Total MD 11,824 13,501 Average Lateral Cost…
Marcellus Wells Improving Baker Hughes AutoTrak System RSS for Faster Curve Drilling 200 fph Aggressive Curve Drilling More Wellbore Information Better Reservoir Navigation Smoother Well Profile Extended Reach Drill Entire…
Marcellus Wells Improving Completions Summary by Year 2012 2011 (8/9/12) Wells Completed 54 46 Lateral Ft Completed 188,800 229,651 Total Stages 630 809 Average Stg/Well 12 18 Average Stage Cost 205k 181k 14
2012 Marcellus Shale Drilling Program: 91 Wells PA CONSOL Drills in Dry Gas 13 wells in Central Pa. 41 wells in Southwest Pa. OH 6 wells in Northern W. Va. ******* Noble Energy Drills in Wet Gas 31 wells in West Virginia MD…
First Liquids-Rich Pad: Marshall County, WV SHL1 Completion & Production 5 Well Pad Avg. Lateral length 3770 4 of 5 Wells Currently Producing SHL1F Shut in for adjacent SHL6 frac 69 Stage Completion Job All Stages…
Second Pad SHL3 Completion & Production 8 Well Pad Avg. Lateral length 3801 Frac completed: 122 Stages All plugs drilled out Tubing landed in all wells Flowed well back and shut-in Current Status Installing production…
Bi-Fuel Conversion on Patterson 324 Expect to fuel drilling rigs with 50-60% natural gas in place of diesel fuel Reduced fuel costs by 1 per substituted gallon of diesel fuel Reduce NOx emissions by 20-30% Reduce SOx, PM and…
Bringing 4.31 Billion in Value Forward Since 2010 2011 Marcellus Shale JV with Noble Energy: 3.3 billion in aggregate payments of cash and carry 2011 Antero Resources ORRI sale: 193 million in cash 2011 Utica Shale JV with Hess…
Our Assets, Strategy, and People Create An Investment Opportunity Coal and gas operations are long-lived, low-cost, and provide solid growth Our well-capitalized assets and highly trained personnel provide more consistent…
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