Cabot Oil & Gas Corporation Johnson Rice & Company LLC 2nd Annual Energy Conference Ritz-Carlton, New Orleans October 5, 2010
North Region
Marcellus Marcellus Status Overview Marcellus Gross 7 Horizontal Rigs Interval Isopach CI. 50 ft Horizontal 30 D/Avg. IP 8.7 Mmcf/d 112 wells drilled 79 completed 4 H completing 100 High 23 H, 3 V WOC Pressure 3 H, H 1 V…
Susquehanna Area 2010 Drilling Program Current Rate: 210230 Mmcfe/d Producing Wells: 38H, 33V BHL 2010 Wells (8V,67H) BHL BHL 2009 Wells (20V 30H) 2009 Wells (20V, 30H) 2008 and Before (15V, 5H) 2009 Pipeline…
Gross Production Susquehanna County 300 Actual Production Forecast Production Oct 1 Oct 1 2011 250 38 38 P Program Current Rate 210 230 Mmcf/d 200 Mmcfe/d 150 2010 Program 100 Dec 09 17 50 Dec 08 Base…
Recent Marcellus Well Statistics Statistics from Last 10 Wells Turned in Line Category Average Maximum Lateral Length 3,566 ft 4,841 ft Frac Stages 13 18 Measured Depth 10,351 ft 11,629 ft 24 Hour IP 24Hour IP 13 9 MMCF/D 13.9…
Susquehanna Current 5-Year Plan NY PA Wayne Bradford LASER PIPELINE Tioga Wyoming Wastrous 1V Sullivan Lycoming Lackawanna DTE PIPELINE 2012 2011 Laser West Fraser 1V 2013 2013 Laser Central Susquehanna 2014 Zone…
Susquehanna Sales Current Rate (7 compressors): 200230 Mmcf/day (Teel/Lathrop) Phase Two Lathrop Compression (permit pending): 105120 Mmcf/day Total Compression: 305350 Mmcf/day
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…
Susquehanna Take Away Opportunities T k Takeaway Not N taP Problem bl for f Cabot C b t * 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 *…
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…
PreDrill Methane Central Susquehanna County, PA Pre-Drill N Methane (mg/L) < 0.005 0 005 0.010 0.005 0 010 0.010 0.025 0.025 0.050 0.050 0.100 0.1 0.5 0.5 1 1 5 5 10 10 15 15 20 1.5 Miles 20 25 25 30 30 40…
Methane Gas and its Removal from Wells in Pennsylvania Excerpted from Water Facts 24 Paper, published by the Penn State University School of Forestry Resources. Methane may occur in a water well from natural deposits Methane gas…
Penn State Water Facts 24 Methane Gas and its Removal from Wells in Pennsylvania
Penn State Water Facts 24 Methane Gas and its Removal from Wells in Pennsylvania
Susquehanna Summary Drilling permits flowing approximately 60 permits in hand Waiting on air quality permit to set three (3) additional W iti i lit it t t th (3) dditi l compressors at Lathrop Focused on efficient and secure…
So th Region South
Middle Bossier / Haynesville Shales East ast Texas e as North o t Louisiana ou s a a Gas in Place GMX,, DVN, NFR, PVA GMX (Bcf/Section) C.I. 20 (Range 40 40-200) 200) 6-10 MMCF/D (H) CHK,HK,SM Scale: DVN XTO, DVN, XTO…
Middle Bossier / Haynesville Shale's East Texas Cabot Interest County Operator Well W.I. % Formation Status San Augustine COG Von Goetz 3 100.00 Bossier / Haynesville Producing San Augustine EXCO Burrows 1H 41.00 Haynesville…
Eagle Ford PRESIDIO BUCKHORN 9,594 net acres (-9000) 32,698 net acres POWDERHORN (-6000-8000) 10,741 net acres (-4500) COG West 4.5 4 5 million acres (oil window)
Presidio Leasehold Sub-Regional g EOG EOG Little 1H IP: 345 BO/D Borgfield 2H EUR: 147 MBOE IP: 836 BO/D WILSON EOG HUGHES Little 3H Darlene 2H Drilling IP: 1,033 BO/D 423 MCF/D EOG EOG Estes 1H Little 2H Comp. IP: 311…
Overall Company Portfolio
Mid-Continent K St ti ti Key Statistics Daily Production (Mmcfe at 8/31/10) 25.0 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…
Rocky Mountains K St ti ti Key Statistics Daily Production (Mmcfe at 8/31/10) 30.0 Formations: Almond, Lewis, Dakota, Frontier, Honaker Trail Mesaverde, Rock Springs Proved Reserves (Bcfe at 12/31/09) 209.3 % PUD 20.2% Mmcfe/day /…
South Texas K St ti ti Key Statistics Daily Production (Mmcfe at 8/31/10) 16.3 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…
West Virginia K St ti ti Key Statistics Daily Production (Mmcfe at 8/31/10) 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…
Conventional Total K St ti ti Key Statistics Daily Production (Mmcfe at 8/31/10) 127.5 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…
Financial Position 9/30/2010 In millions 9/30/2010 Borrowing Base 1,500 Outstanding Debt 1,085 Borrowing Capacity 415 Revolver Capacity 477
Potential Funding Activities Under Consideration Revolver Expansion (complete) Joint Ventures (in discussion) Asset Sales (evaluating)
Look at Early 2011 Goal: I Cash flow positive to cash flow neutral program I. Cash flow positive to cash flow neutral program II. Balance capital between gas and oil opportunities III. Program delivery of double digit production…
Summary Continue to have best in class position in Marcellus Oil Oil growth opportunities in Texas and elsewhere th t iti i T d l h Will maintain strength in balance sheet Portfolio has great low decline legacy assets Will…
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