Skip to main content Simmons Energy Conference – Cabot Oil & Gas Corp Investor Presentation | Shale Experts
Loading...
Pm

Simmons Energy Conference – Cabot Oil & Gas Corp

Cabot Oil & Gas Corp · Mar 5, 2015 · 16 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. Simmons Energy Conference – Cabot Oil & Gas Corp – slide 1
    INVESTOR PRESENTATION Simmons Energy Conference March 5, 2015
  2. Simmons Energy Conference – Cabot Oil & Gas Corp – slide 2
    CABOT OIL & GAS ASSET OVERVIEW 2014 Year-End Proved Reserves: 7.4 Tcfe 2014 Production: 531.8 Bcfe 2015E Production Growth: 10% - 18% 2015E Drilling Activity: 115 net wells Eagle Ford Shale Marcellus Shale 89,000 net acres…
  3. Simmons Energy Conference – Cabot Oil & Gas Corp – slide 3
    WELL POSITIONED TO NAVIGATE A CHALLENGING MARKET IN 2015 Best-in-class asset base provides competitive rates-of-return at Cabots 2015 budgeted commodity price realizations Marcellus: 80% IRR at 2.45 per Mcf realized price (50% at…
  4. Simmons Energy Conference – Cabot Oil & Gas Corp – slide 4
    KEY INVESTMENT HIGHLIGHTS Extensive Inventory of Over 3,000 locations in the core of the dry gas window of the Marcellus Shale Low-Risk, High-Return Peer-leading rates of return and EUR per lateral foot in the Marcellus Shale…
  5. Simmons Energy Conference – Cabot Oil & Gas Corp – slide 5
    2015 OPERATING PLAN AND CAPITAL PROGRAM DOUBLE-DIGIT PRODUCTION GROWTH DESPITE A 45% DECLINE IN CAPITAL SPENDING, HIGHLIGHTING COGS CAPITAL EFFICIENCY Net Wells Drilled 2015E Capital Program: 177 900 million Exploration (35%) 115…
  6. Simmons Energy Conference – Cabot Oil & Gas Corp – slide 6
    PROVEN TRACK RECORD OF PRODUCTION GROWTH 700 600 531.8 2015 500 Guidance: 10% - 18% 413.6 400 28.6% Liquids Bcfe Gas 300 267.7 54.5% 187.5 200 130.6 42.8% 100 43.5% 0 2010 2011 2012 2013 2014 2015E 6
  7. Simmons Energy Conference – Cabot Oil & Gas Corp – slide 7
    AND RESERVE GROWTH 9.0 8.0 7.4 7.0 6.0 5.5 5.0 35.7% Liquids Tcfe Gas 4.0 3.8 41.9% 3.0 3.0 2.7 26.7% 12.3% 2.0 1.0 0.0 2010 2011 2012 2013 2014 2015E 7
  8. Simmons Energy Conference – Cabot Oil & Gas Corp – slide 8
    WHILE MAINTAINING A CONSERVATIVE BALANCE SHEET Net Debt to EBITDAX1 2.0x 1.6x 1.5x 1.4x 1.3x 1.2x 1.0x 0.9x 0.5x 0.0x 2010 2011 2012 2013 2014 1 EBITDAX is a non-GAAP measure calculated as follows: Net income +…
  9. Simmons Energy Conference – Cabot Oil & Gas Corp – slide 9
    INDUSTRY-LEADING CASH COST STRUCTURE Operating Transportation Taxes O/T Income Cash G&A Financing 2.50 2.12 2.00 1.76 1.67 1.50 1.28 1.27 / Mcfe 1.00 0.80 0.50 0.00 2010 2011 2012 2013 2014 2014…
  10. Simmons Energy Conference – Cabot Oil & Gas Corp – slide 10
    CABOTS MARCELLUS SHALE SUMMARY 200,000 net acres Gross Marcellus Production (Bcf/d) Operated rig count: 5 (decreasing to 3 in Q2 2015) 1.7 1.8 1.54 2015E drilling activity: 70 net wells 2015E gross daily production: 1.7 1.8…
  11. Simmons Energy Conference – Cabot Oil & Gas Corp – slide 11
    HIGHLY PRODUCTIVE, LOW CAPITAL INTENSITY MARCELLUS ASSETS 2H 2014 Daily Gross Production From Unconventional Horizontal Wells in Pennsylvania (Mmcfe/d) 17 of the top 20 wells (July to December 2014) 2,124 13 of the top 20 wells…
  12. Simmons Energy Conference – Cabot Oil & Gas Corp – slide 12
    CABOT HAS ACCOUNTED FOR 14% OF PENNSYLVANIAS PRODUCTION FROM ONLY 7% OF THE TOTAL PRODUCING WELLS of COG Wells of Total Wells COG % of Wells COG % of Total Production 6,500 16% 6,000 14% 5,500 of producing horizontal wells…
  13. Simmons Energy Conference – Cabot Oil & Gas Corp – slide 13
    CABOTS EUR PER FOOT AND F&D COSTS REMAIN BEST-IN- CLASS IN THE MARCELLUS AND UTICA 4.0 1.20 3.5 1.00 EUR per 1,000 ft. of lateral (Bcfe) Implied F&D Cost (/Mcfe) 3.0 0.80 2.5 2.0 0.60 1.5 0.40 1.0 0.5 0.20…
  14. Simmons Energy Conference – Cabot Oil & Gas Corp – slide 14
    CABOTS EAGLE FORD SHALE SUMMARY 89,000 net acres COG Eagle Ford Shale Acreage Position Buckhorn Buckhorn: 78,000 net acres 78K net acres Presidio: 11,000 net acres Presidio 11K net acres Operated rig count: 3 (moving to 1 rig…
  15. Simmons Energy Conference – Cabot Oil & Gas Corp – slide 15
    CABOTS EAGLE FORD SHALE EFFICIENCY GAINS Drilling Days Per Lateral Foot Drilling Cost Per Lateral Foot 2011 2012 2013 2014 2015E 2011 2012 2013 2014 2015E Proppant Per Lateral Foot Completion Cost Per Lateral Foot 2011 2012…
  16. Simmons Energy Conference – Cabot Oil & Gas Corp – slide 16
    UPDATE ON FUTURE TAKEAWAY / MARKETING OPPORTUNITIES Constitution Pipeline Leidy Southeast Expansion FERC issued Final Environmental Impact FERC issued Environmental Assessment (EA) Statement (EIS) on Oct. 24, 2014 on Aug. 11, 2014…

From the store

Browse maps, data & reports in the Shale Experts store