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Marcellus Shale Joint Venture Separation – Consol Energy Inc.

Consol Energy Inc. · Oct 31, 2016 · 11 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. Marcellus Shale Joint Venture Separation – Consol Energy Inc. – slide 1
    Marcellus Shale Joint Venture Separation OCTOBER 31, 2016
  2. Marcellus Shale Joint Venture Separation – Consol Energy Inc. – slide 2
    CONSOL Energy: Company Overview Journey Towards Becoming a Top Tier Appalachian E&P Company Complete December 5, 2013 Transaction with Murray Energy Corp. in which we sold half of coal assets and related assets April 19, 2014 CONSOL…
  3. Marcellus Shale Joint Venture Separation – Consol Energy Inc. – slide 3
    Marcellus Joint Venture (JV) Exchange Agreement 1. Exchange agreement of jointly owned Oil & Gas properties, Post-Exchange Acreage Map consisting of: Developed properties with associated current production of 1,070 MMcfe/d, net to the…
  4. Marcellus Shale Joint Venture Separation – Consol Energy Inc. – slide 4
    Post-Exchange Agreement: Pro Forma Analysis Impact on Marcellus Shale Operations Before After CONSOL Energy JV Exchange Agreement JV Exchange Agreement 2016E Production(1) (Bcfe) 380-385 390-395 2016E Average per Unit Operating…
  5. Marcellus Shale Joint Venture Separation – Consol Energy Inc. – slide 5
    Strategic Overview Agreement to Separate Marcellus Shale Joint Venture Full autonomy to develop, operate, or divest assets - Flexibility to operate these assets as we choose - Facilitates stacked pay development opportunities -…
  6. Marcellus Shale Joint Venture Separation – Consol Energy Inc. – slide 6
    Marcellus Shale Footprint Before and After the Joint Venture Exchange Agreement with Noble Energy Marcellus Shale Marcellus Shale Before Exchange Agreement After Exchange Agreement WI (%) 50 WI (%) 100 Net Net Undeveloped 335,000…
  7. Marcellus Shale Joint Venture Separation – Consol Energy Inc. – slide 7
    E&P Operations: Pro Forma DUC Inventory 2016 Activity Overview and 2017 Drilled and Uncompleted Opportunity Set E&P Activity Summary 2016 Plan Expected New Drilled Drilled Implied 2016 Wells Drilled in Uncompleted Completed 2016…
  8. Marcellus Shale Joint Venture Separation – Consol Energy Inc. – slide 8
    Gas Marketing Firm Transportation Expected Firm Capacity by Pipeline After FT Reallocation In addition to the upstream 1,800 deal, CNX and NBL have 1,600 agreed to work with the NEXUS 1,400 pipelines to reallocate firm 1000s…
  9. Marcellus Shale Joint Venture Separation – Consol Energy Inc. – slide 9
    Gas Marketing Natural Gas Sales: Expected Market Mix MIDWEST TETCO M3 DOMINION SOUTH TCO POOL TETCO M2 EAST TENNESEE Gas Sales 2016E 2017E Columbia (TCO) 17% 17% TETCO (M2) 29% 28% TETCO (M3) 16% 15% Dominion (DTI)…
  10. Marcellus Shale Joint Venture Separation – Consol Energy Inc. – slide 10
    Gas Marketing Natural Gas Processing and NGLs 600 CNX Expected Contracted Processing Capacity CNX and NBL have also agreed to work with processing 500 counterparties to realign processing capacity with the upstream assets 400…
  11. Marcellus Shale Joint Venture Separation – Consol Energy Inc. – slide 11
    Key Takeaways of the Exchange Agreement Joint Venture Separation Drives Long-Term Value Growth The exchange agreement provides CONSOL Energy the ability to drive NAV per share higher through: Greater flexibility in our capital…

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