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Spectra Energytember 2010 Investor Presentation – Consol Energy Inc.

Consol Energy Inc. · Sep 13, 2010 · 18 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. Spectra Energytember 2010 Investor Presentation – Consol Energy Inc. – slide 1
    September 2010 Investor Presentation The leading diversified fuel producer in Appalachia CONSOL begins pad drilling with its new Patterson Apex Walking Rig
  2. Spectra Energytember 2010 Investor Presentation – Consol Energy Inc. – slide 2
    CONSOL Energy: Strength in Diversity Coal Low-vol coal High-vol coal Thermal coal Gas CONSOL believes that it can create meaningful shareholder value by responsibly managing this unique portfolio. 3
  3. Spectra Energytember 2010 Investor Presentation – Consol Energy Inc. – slide 3
    CONSOL Energys Value Proposition Surface Surface Sewickley Coal Seam Sewickley Coal Seam - CBM 900 feet 900 feet Pittsburgh Coal Seam Pittsburgh Coal Seam - CBM 1,000 feet 1,000 feet Freeport Coal Seam Freeport Coal Seam - CBM 1,650…
  4. Spectra Energytember 2010 Investor Presentation – Consol Energy Inc. – slide 4
    Common Characteristics of CONSOLs Businesses Emphasis on safety World Class assets Strategic location Good pricing Low costs Bailey Mine Overland Belt High margins CONSOLs 1 performance metric is safety. 5
  5. Spectra Energytember 2010 Investor Presentation – Consol Energy Inc. – slide 5
    CONSOL Energy: 2010 Strategy Investing 5 Billion to grow the gas division of CONSOL Acquired Dominion Appalachian E&P assets for 3.475 billion Purchased remaining shares of CNX Gas for 967 million Expect to invest 500 million…
  6. Spectra Energytember 2010 Investor Presentation – Consol Energy Inc. – slide 6
    CONSOL Energy: 2010 Investing Strategy CONSOL is spending 600 million in capex to maintain our leading coal position CONSOL has spent 5.5 billion upgrading its mines in the past 7 years With higher pricing, the re-tooled mines…
  7. Spectra Energytember 2010 Investor Presentation – Consol Energy Inc. – slide 7
    CONSOL Coals Expanding Margins In Q2, booked 300,000 tons of high-vol coal for Asia in 2H 2010 at 76 per ton In Q2, booked 200,000 tons of thermal coal for Europe in 2H 2010 at 61 per ton CONSOL has 28 million tons of un-priced…
  8. Spectra Energytember 2010 Investor Presentation – Consol Energy Inc. – slide 8
    CONSOL: Coal Quarter Ended June 30, 2010 Low-Vol High-Vol Thermal Total Coal Sales (millions of tons) 1.0 0.7 14.2 Average Realized Price Per Ton Company Produced 151.34 75.52 53.97 Total Cost Per Ton, before DD&A 59.71 36.51 41.44…
  9. Spectra Energytember 2010 Investor Presentation – Consol Energy Inc. – slide 9
    CONSOL: Coals Potential Growth CONSOLs Proposed BMX Mine Could Open in 2013/14 5 MM tons/year of low-cost NAPP coal Potential Markets: Asian mills European generators Brazilian mills CONSOLs Bailey Prep Plant could expand to…
  10. Spectra Energytember 2010 Investor Presentation – Consol Energy Inc. – slide 10
    CONSOL: Managing the Coal Portfolio Potential to Monetize CAPP Met Reserves in Southern West Virginia Amonate, Elk Creek, and Itmann properties 5 MM tons/year of low- vol, medium-vol, and high-vol Potential EBITDA of 350 MM,…
  11. Spectra Energytember 2010 Investor Presentation – Consol Energy Inc. – slide 11
    CONSOL has a Leading Acreage Position and . . . Not All Marcellus Acres Are Equal Net Acres (000s) 1,800 98% of the acres are HBP (held by production) Have an average NRI (net revenue interest) of 89% 1,570 1,600 1,400 1,400…
  12. Spectra Energytember 2010 Investor Presentation – Consol Energy Inc. – slide 12
    CONSOL has Three Marcellus Shale Operating Areas PA Central Pa. Ops OH SW Pa. Ops MD WV Ops VA WV Former Dominion Marcellus Acreage Legacy CONSOL Energy Marcellus Acreage CONSOL has 750,000 Net Acres in Marcellus…
  13. Spectra Energytember 2010 Investor Presentation – Consol Energy Inc. – slide 13
    CONSOL Energy: Gas Growth 400 350 Bcf 350 300 170 Bcf 250 Marcellus 200 142 Annualized Bcf 150 100 Other 50 0 2010 2011 2012 2013 2014 2015 Marcellus Wells Drilled 22 63 131 165 170 170 Average Marcellus Rigs 2 5 8…
  14. Spectra Energytember 2010 Investor Presentation – Consol Energy Inc. – slide 14
    Illustrative Marcellus Well Economics After-Tax IRR At Various Henry Hub Prices (MM, except as noted) Well ATAX IRR Comparison - Type Curve Analysis Gross EUR (Bcfe) (1) 4.3 NRI 87.5% 30.0% Net EUR (Bcfe) 3.7 28.0% Drilling Cost…
  15. Spectra Energytember 2010 Investor Presentation – Consol Energy Inc. – slide 15
    Five Wells Drilled in 1H Appear to be Very Good All in Greene County, Pa.: EURs (p-50 case) range from 5.5 Bcf to 9.9 Bcf Laterals average 2,200 feet D&C Costs average 4.2 million Projected after-tax IRRs range from 44% to…
  16. Spectra Energytember 2010 Investor Presentation – Consol Energy Inc. – slide 16
    CONSOLs Gas Reserve Potential Has Doubled Proved Reserves Total Unproved Reserves and Total Resource Potential Potential Resource Base 41.1 38.2 2.9 1.9 38.2 18.1 16.2 16.2 1.9 2.9 Pre-Acquisition Post-Acquisition…
  17. Spectra Energytember 2010 Investor Presentation – Consol Energy Inc. – slide 17
    CONSOL Energy: Summary CONSOL has the asset and customer base that makes it the leading diversified fuel producer in the Northeast. CONSOL Coal Ops industry leading assets, margins and cash flows will allow the Gas business to…
  18. Spectra Energytember 2010 Investor Presentation – Consol Energy Inc. – slide 18
    September 2010 Investor Presentation The leading diversified fuel producer in Appalachia CONSOL begins pad drilling with its new Patterson Apex Walking Rig

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