11/5/2011 CONSOL Energy Inc Corporate Profile The leading diversified fuel producer in the Eastern United States n Headquartered in Pittsburgh, Pennsylvania n Founded in 1860 n Approximately 8,600 Employees n Current…
11/5/2011 Strength in Product Diversity n COAL n Low-Vol Coal n High-Vol Coal n PCI Coal n Thermal Coal n GAS n Marcellus Shale n Utica Shale n Coalbed Methane 5 Coal Divisions Growth Strategy…
11/5/2011 CONSOLs Industry-Leading Coal Margins Low-Vol High-Vol Quarter Ended September 30, 2011 Met Met Thermal Total Coal Sales (millions of tons) 1.5 1.0 12.4 Average Realized Price Per Ton Company Produced 208.51…
11/5/2011 Notable Achievements in Shale Formations Second to produce from a horizontal well in the Marcellus Shale (October 2008). First to announce a discovery in the Utica Shale (October 2010). First to use rotary…
11/5/2011 Gas Divisions Growth Strategy CONSOL Announces JVs/Sales Worth 4.1 billion Partnering with Noble Energy in the Marcellus Shale, for 3.3 billion Partnering with Hess Corporation in the Utica Shale in Ohio, for 0.6…
11/5/2011 CONSOL Energy & Noble Energy JV Transaction Rationale Marks to market entire Marcellus position at 9,650 / acre Validates legacy CNX Gas and Dominion asset base Partners with a highly respected, world class E&P…
11/5/2011 CONSOL Energy & Noble Energy JV Development Plan Rig schedule ramps up to 16 by 2015 Rig Schedule 20 16 16 15 Accelerated development of acreage 12 12 8 8 4 4 Substantial cash generation throughout plan…
11/5/2011 Barnesville 1 Statistics Encountered the Utica Shale at a depth of 8,450 feet Utica Shale was 200 feet thick Well was unstimulated, but open flowed at 1.5 MMcf over a 24-hour period 19 Our Investment…