Dahlman Rose Global Metals, Mining & Materials Conference CONSOL Energy Inc. William J. Lyons, EVP and CFO
|
|
- Morris Norton
- 5 years ago
- Views:
Transcription
1 Dahlman Rose Global Metals, Mining & Materials Conference CONSOL Energy Inc. William J. Lyons, EVP and CFO
2 Cautionary Language This presentation contains statements, estimates and projections which are forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended). Such statements include estimates of reserves and resources, projections and estimates concerning the timing and rates of return of future projects, and our future production, revenues, income and capital spending. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those statements, estimates and projections. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of future actual results. Factors that could cause future actual results to differ from the forward-looking statements are described in detail under the captions "Forward Looking Statements" and "Risk Factors" in CONSOL Energy Inc. s annual report on Form 10-K for the year ended December 31, 2010 filed with the Securities and Exchange Commission (SEC), as updated by any subsequent Form 10-Qs. The forwardlooking statements in this presentation speak only as of the date of this presentation; we disclaim any obligation to update the statements, and we caution you not to rely on them unduly. The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possible oil and gas reserves that a company anticipates as of a given date to be economically and legally producible and deliverable by application of development projects to known accumulations. We may use certain terms in this press release, such as EUR (estimated ultimate recovery), unproved reserves and total resource potential, that the SEC's rules strictly prohibit us from including in filings with the SEC. These measures are by their nature more speculative than estimates of reserves prepared in accordance with SEC definitions and guidelines and accordingly are less certain. We also note that the SEC strictly prohibits us from aggregating proved, probable and possible reserves in filings with the SEC due to the different levels of certainty associated with each reserve category. Except for proved reserve data, the information this presentation is based on a summary review of the title to the gas rights we hold, as well as a summary review of the title to the coal from which many of our coalbed methane rights derive. As is customary in the gas industry, prior to the commencement of gas drilling operations on our properties, we conduct a thorough title examination and perform curative work with respect to significant defects. We are typically responsible for curing any title defects at our expense. This curative work may include the acquisition of additional property rights in order to perfect our ownership for development and production of the gas estate. This presentation does not constitute an offer to sell or a solicitation of offers to buy securities of CONSOL Energy Inc. 2
3 CONSOL Energy Inc Corporate Profile The leading diversified fuel producer in the Eastern United States Ticker: CNX Headquartered in Pittsburgh, Pennsylvania Founded in ,900 Employees Market Cap = $9.3 Billion EV = $12.5 Billion 2010 Revenue = $5.2 Billion 3
4 The Investment Thesis Long-lived, low-cost coal and natural gas assets with solid growth potential Expanding our product mix and market reach to drive margin expansion Highly contracted thermal position for 2012; natural gas approx. 50% hedged Conservative balance sheet with $2.8 billion of liquidity Sum of the Parts Valuation & Discount Versus Peer Group 4
5 CONSOL Energy - Overview CONSOL Energy Inc. Coal Over 4.4 billion tons of proven and probable coal reserves (as of 12/31/10) Natural Gas Over 3.7 Tcfe of proved reserves (as of 12/31/10) 2011 estimated coal exports of approximately MTs 4Q11 Production Guidance of MTs (as of October 27, 2011) Approx. 737,000 gross Marcellus shale acres Approx. 200,000 gross Utica /Point Pleasant acres Other 4Q11 Production Guidance of billion cubic feet (as of October 27, 2011) CNX Land Resources, Inc. Manages land assets of the Company Research & Development R&D facility devoted exclusively to coal, gas, and energy utilization and production Fairmont Supply Company Distributor of mining, gas drilling, and industrial supplies River & Dock Services Fleet of 620 barges, 22 towboats and 5 harbor boats CNX Marine Terminals, Inc. Baltimore Port with capacity to load 14 million tons of coal per year 5
6 Product Diversity and Expanding Our Reach COAL Low-Vol Coal High-Vol Coal PCI Coal Thermal Coal Adding Mid-Vol GAS Marcellus Shale Utica Shale Coalbed Methane Shallow Conventional Adding Oil/Liquids 6
7 Coal Division s Growth Strategy Growth Projects Targeting Expanding Export Market Growing Production Through 2015 Amonate - 400,000 tons in ,000 tons in 2015 BMX - 5 million tons annually beginning in 2014 Growing Exports Exports to Rise 50% in Exports of 6.8 million tons 2011 Exports expected to be million tons Expanding Baltimore Port in 2012 Growing Margins Expanded Margins to $20.38 / ton in 3Q11 from $13.83 / ton in 3Q10 Rebranding Thermal coal as Met Coal Exporting Thermal Coal to Europe Coal Capital Expenditures of $615 Million for 2011 Reserves by Coal Type (million tons) 4,401 Million Tons Thermal 3,839 87% 2010 Coal Revenue by Coal Type ($ mm) $3,853 Million Thermal 3,001 78% High Vol % Low Vol 146 3% High Vol 172 4% Low Vol % 7
8 Strength in Market Diversity CONSOL Ships To Four Continents Widening of The Panama Canal Should Improve Shipping Costs and Potential Coal Prices 8
9 Expanding our Exports to MTs in Coal Exports by Geography (million tons) 6.8 Million Tons 2011 Est. Coal Exports by Geography (million tons) Million Tons Asia % Europe % S. America % Asia 50% Europe 30% S. America 20% 9
10 CONSOL s Industry-Leading Coal Margins Quarter Ended September 30, 2011 Low-Vol Met High-Vol Met Thermal Total Coal Sales (millions of tons) Average Realized Price Per Ton Company Produced $ $83.76 $59.97 Total Cost Per Ton, before DD&A $65.97 $54.93 $46.60 DD&A Per Ton $6.73 $7.15 $6.19 Total Cost Per Ton Company Produced $72.70 $62.08 $52.79 Average Margin Per Ton, before DD&A $ $28.83 $13.37 Sales (millions of tons) times Average Margin Per Ton, before DD&A ($ MM) $214 $29 $166 10
11 CONSOL Coal Sales Guidance (as of October 27, 2011) 4Q Estimated Coal Sales (millions of tons) Met Coal Sales at Midpoint Percentage Firm Pricing 100% 100% 23% 4% Thermal Coal Sales at Midpoint Percentage Firm Pricing 100% 93% 83% 42% Solid Contracted Position Heading into 2012 Mine Inventory Levels Declined 24% to 1.6 MTs from 2.1 MTs in 3Q10 11
12 Our Gas Division Strategy Pulling Value Forward: CNX sold an interest in its Marcellus and Utica Shales Economically Develop Our 3P Reserves Marcellus Drilling JV with Noble Energy Coalbed Methane Further Delineate Key Operational Areas West Virginia Marcellus Explore To Set Up Future Development Drilling Utica Shale JV with Hess Upper Devonian Non-Ohio Utica Increase our Exposure to Liquids/Oil Utica and Marcellus Partnerships Total Proved Reserves by Gas Type (Bcfe) 3.7 Trillion Cubic Feet Proved Reserves by Category (Bcfe) 3.7 Trillion Cubic Feet Marcellus % CBM 1,789 48% Other Shale 100 3% PD 1,931 52% PUD 1,800 48% Conventional % 12
13 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 steering tools in the Marcellus Shale First to use fully-lined sites First to use closed loop drilling First to use check valve plugs, incase of wellhead leaks Possibly the first to use 24-hour employee coverage on all drilling and frac operations 13
14 .First to drill a 10-Well Pad in the Marcellus Shale Driving CONSOL s goal to be a Low-Cost Leader in the Marcellus 14
15 Capital Program De-Risked Through Joint Ventures and Asset Sales 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 billion Sold ORRI in 115,000 acres in the Marcellus Shale to Antero for $0.2 billion Continuing to grow production to 350 Bcf (net to CONSOL) in
16 CONSOL Energy & Noble Energy JV Pulling Value Forward: CNX sold an interest in Marcellus Shale to Noble Energy Total deal consideration of $3.3 billion or $9,650 per net acre Sold 50% interest in Marcellus Shale (628,000 gross acres in PA & WV) for $3.10 billion Cash: $1.0 Billion paid in 3 annual installments beginning at closing Carry: $2.02 Billion covering 33% of CNX s share of drilling and completion costs Annual cap of $400 million Carry is suspended if gas prices are less than $4.00 / MMBtu for 3 consecutive months Carry resumes when gas prices are above $4.00 / MMBtu for 3 consecutive months Sold 50% interest in Marcellus producing reserves for $160 million $1.80 / mcf for 89 BCF of PDP Reserves Sold an interest in the associated gathering system for $73 million 16
17 CONSOL Energy & Noble Energy JV Marcellus Shale JV Acreage CNX/NBL Operating Areas 85% HBP CONSOL Dry Gas Areas ~ 467K acres ~ 3,100 horizontal locations (85%) Noble Energy Wet Gas Areas ~ 161K acres ~ 1,000 horizontal locations (15%) High net revenue interest (88%) Marcellus Total Proved Reserves of 859 Bcf Water resources, surface control, and coordination with coal mining activity gives us a competitive advantage 17
18 CONSOL Energy & Noble Energy JV Development Plan Rig schedule ramps up to 16 by 2015 Accelerated development of acreage Substantial cash generation throughout plan Note: The net proceeds can change with the carry moving in and out of suspension with three months of Henry Hub gas at $4/MMBTu 18
19 CONSOL Energy & Hess Corporation JV Raising Exploration and Oil Exposure: CNX sold an interest in Utica Shale to Hess Corporation Total deal consideration of $594 million or $6,000 Per Acre Sold 50% interest in Utica Shale position (200,000 gross acres in OH) Cash: $60 million received at closing Carry: $554 million covering 50% of CNX s share of drilling and completion costs Partnered with a Top Tier Oil Operator With Solid Marketing History Deal was Structured as a Pure Exploration Play Raises CONSOL s Exposure to Oil/Liquids 19
20 CONSOL Energy & Hess Corporation JV Utica Shale JV Acreage 20
21 Our Assets, Strategy and People Create An Investment Opportunity Coal and gas operations are long-lived, low-cost, and provide solid growth Our well capitalized assets provide more consistent operational execution Asset rich company that has an expanding products mix and market reach New partnerships bring cash flow and value forward Balance sheet remains strong with $2.8 billion of liquidity Valuation remains compelling using sum of the parts 21
22 CONSOL Energy Inc. Questions? 22
CONSOL Energy Inc. First Quarter 2012 Earnings Call
CONSOL Energy Inc. First Quarter 2012 Earnings Call J. Brett Harvey, Chairman and CEO Nicholas J. DeIuliis, President William J. Lyons, CFO Robert F. Pusateri, EVP, Sales, Marketing, & Transportation April
More informationCONSOL Energy Inc. EnerCom s The Oil & Gas Conference
CONSOL Energy Inc. EnerCom s The Oil & Gas Conference Cautionary Language This presentation contains statements, estimates and projections which are forward-looking statements (as defined in Section 21E
More informationBMO Metals and Mining Conference. February 25-26, 2013
BMO Metals and Mining Conference February 25-26, 2013 Cautionary Language This presentation contains statements, estimates and projections which are forward-looking statements (as defined in Section 21E
More informationMarch 5, Raymond James 35 th Annual Institutional Investors Conference
March 5, 2014 Raymond James 35 th Annual Institutional Investors Conference Cautionary Language This presentation contains statements, estimates and projections which are forward-looking statements (as
More informationNovember 2010 Investor Presentation. The leading diversified fuel producer in the Eastern U.S.
November 2010 Investor Presentation The leading diversified fuel producer in the Eastern U.S. Cautionary Language This presentation contains statements, estimates and projections which are forward-looking
More informationThe leading diversified fuel producer in Appalachia
October 2010 Investor Presentation The leading diversified fuel producer in Appalachia CONSOL begins pad drilling with its new Patterson Apex Walking Rig Cautionary Language This presentation contains
More informationNovember 2010 Credit Presentation. The leading diversified fuel producer in the Eastern U.S.
November 2010 Credit Presentation The leading diversified fuel producer in the Eastern U.S. Cautionary Language This presentation contains statements, estimates and projections which are forward-looking
More informationDUG East Tim Dugan Chief Operating Officer, CONSOL Energy
DUG East 2016 Tim Dugan Chief Operating Officer, CONSOL Energy Cautionary Language This presentation contains statements, estimates and projections which are forward-looking statements (as defined in Section
More informationEARNINGS RESULTS FOURTH QUARTER 2016
EARNINGS RESULTS FOURTH QUARTER 2016 Cautionary Language This presentation contains statements, estimates and projections which are forward-looking statements (as defined in Section 21E of the Securities
More informationThe Leading E&P Company in the Appalachian Basin
The Leading E&P Company in the Appalachian Basin #1 in Safety #1 in Market Capitalization #1 in Sales Revenue #1 in Profitability and Returns #1 in Balance Sheet Strength #1 in Production Growth #1 in
More informationAnalyst Presentation. October 29, 2018
Analyst Presentation October 29, 2018 Key Investment Highlights Premier Natural Gas Asset Base 680,000 core net Marcellus acres / ~2,400 undeveloped locations Contiguous acreage position allows longer
More informationAntero Reports Mid-Year 2014 Reserves
Antero Reports Mid-Year 2014 Reserves July 15, 2014 DENVER, July 15, 2014 /PRNewswire/ -- Mid-year 2014 proved reserves increased by 19% to 9.1 Tcfe (13% liquids) from year-end 2013 Proved developed reserves
More informationEarnings Results. First Quarter May 3, 2018
Earnings Results First Quarter 2018 May 3, 2018 Cautionary Language Risk Factors. This presentation, including the oral statements made in connection herewith, contains forward-looking statements, estimates
More informationEQT REPORTS SECOND QUARTER 2014 EARNINGS
EQT REPORTS SECOND QUARTER 2014 EARNINGS Reiterates full-year production volume guidance PITTSBURGH, PA (July 24, 2014) -- EQT Corporation (NYSE: EQT) today announced second quarter 2014 net income attributable
More informationEarnings Results. Second Quarter August 2, 2018
Earnings Results Second Quarter 2018 August 2, 2018 Cautionary Language Risk Factors. This presentation, including the oral statements made in connection herewith, contains forward-looking statements,
More informationEarnings Results. Third Quarter October 30, 2018
Earnings Results Third Quarter 2018 October 30, 2018 Cautionary Language Risk Factors. This presentation, including the oral statements made in connection herewith, contains forward-looking statements,
More informationCONSOL ENERGY: STRATEGIC ACQUISITION OF DOMINION S APPALACHIAN E&P BUSINESS
CONSOL ENERGY: STRATEGIC ACQUISITION OF DOMINION S APPALACHIAN E&P BUSINESS Cautionary Language This presentation contains statements, estimates and projections which are forward-looking statements (as
More informationCONSOL Energy Inc. (CNX-NYSE)
March 17, 2015 CONSOL Energy Inc. (CNX-NYSE) Current Recommendation NEUTRAL Prior Recommendation Underperform Date of Last Change 08/20/2013 Current Price (03/16/15) $27.02 Target Price $28.00 SUMMARY
More informationThird Quarter 2016 Earnings Call Presentation October 27, 2016
Third Quarter 2016 Earnings Call Presentation October 27, 2016 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of
More informationAnalyst Presentation November 2016
Analyst Presentation November 2016 EQT Cautionary Statements EQT Corporation (NYSE: EQT) EQT Plaza 625 Liberty Avenue, Suite 1700 Pittsburgh, PA 15222 Pat Kane - Chief Investor Relations Officer (412)
More informationAntero Resources to Acquire 55,000 Net Acres in the Core of the Marcellus Shale
NEWS RELEASE Antero Resources to Acquire 55,000 Net Acres in the Core of the Marcellus Shale 6/9/2016 DENVER, June 9, 2016 /PRNewswire/ -- Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company")
More informationEQT Reports Record Earnings for 2013 Production Sales Volume Growth of 43%
EQT Reports Record Earnings for 2013 Production Sales Volume Growth of 43% PITTSBURGH, PA (February 13, 2014) -- EQT Corporation (NYSE: EQT) today announced 2013 net income attributable to EQT of $390.6
More informationEarnings Results. Fourth Quarter January 30, 2018
Earnings Results Fourth Quarter 2017 January 30, 2018 Cautionary Language This presentation contains statements, estimates and projections which are forward-looking statements (as defined in Section 21E
More informationAnalyst Presentation October 27, 2016
Analyst Presentation October 27, 2016 EQT Cautionary Statements EQT Corporation (NYSE: EQT) EQT Plaza 625 Liberty Avenue, Suite 1700 Pittsburgh, PA 15222 Pat Kane - Chief Investor Relations Officer (412)
More informationEQT Reports Second Quarter 2012 Earnings
July 26, 2012 EQT Reports Second Quarter 2012 Earnings Strong Operating Performance Overshadowed By Lower Commodity Prices PITTSBURGH--(BUSINESS WIRE)-- EQT Corporation (NYSE: EQT) today announced second
More informationEQT REPORTS SECOND QUARTER 2016 EARNINGS Increases 2016 drilling plan
...... EQT REPORTS SECOND QUARTER 2016 EARNINGS Increases 2016 drilling plan PITTSBURGH, PA (July 28, 2016) -- EQT Corporation (NYSE: EQT) today announced second quarter 2016 net loss attributable to EQT
More informationWhipkey Drilling Pad, Marshall County, West Virginia
Whipkey Drilling Pad, Marshall County, West Virginia DUG EAST JUNE 5, 2014 1 Disclaimer This presentation contains forward-looking statements within the meaning of section 21E of the United States Securities
More informationAntero Resources Reports Second Quarter 2017 Financial and Operational Results and Increases 2017 Production Guidance
NEWS RELEASE Antero Resources Reports Second Quarter 2017 Financial and Operational Results and Increases 2017 Production Guidance 8/2/2017 DENVER, Aug. 2, 2017 /PRNewswire/ -- Antero Resources Corporation
More informationAntero Resources Announces 16% Increase in Estimated Proved Reserves to 15.4 Tcfe
NEWS RELEASE Antero Resources Announces 16% Increase in Estimated Proved Reserves to 15.4 Tcfe 2/1/2017 DENVER, Feb. 1, 2017 /PRNewswire/ --Antero Resources (NYSE: AR) ("Antero" or the "Company") today
More informationSecond Quarter 2016 Earnings Call Presentation August 3, 2016
Second Quarter 216 Earnings Call Presentation August 3, 216 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements. All statements, other than statements of historical facts,
More informationDahlman Rose Oil Service and Drilling Conference. Wednesday, November 30, :50 a.m.
Dahlman Rose Oil Service and Drilling Conference Wednesday, November 30, 2011 10:50 a.m. Overview of Operations Tulsa based company founded in 1963 with long history of operations in the Mid-Continent
More informationJ. Russell Porter Chief Executive Officer
J. Russell Porter Chief Executive Officer November 2012 E X P A N D I N G O U R H O R I Z O N S Cautionary Statement CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF SAFE
More informationOil-focused initiative in the Eagle Ford Shale production growth guidance of 28% - 41% Initial 2015 production growth guidance of 20% - 30%
INVESTOR PRESENTATION EnerCom s The Oil & Gas Conference 19 August 18, 2014 KEY INVESTMENT HIGHLIGHTS Extensive Inventory of Low-Risk, High-Return Drilling Opportunities Industry-Leading Production and
More informationEQT Corporation Announces Acquisition of Rice Energy
EQT Corporation Announces Acquisition of Rice Energy Investor Presentation June 19, 2017 Cautionary Statement Regarding Forward-Looking Information This communication may contain certain forward-looking
More informationFirst Quarter 2017 Earnings Call Presentation May 9, 2017
First Quarter 2017 Earnings Call Presentation May 9, 2017 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements. All statements, other than statements of historical facts, included
More informationEQT Reports First Quarter 2012 Earnings
EQT Reports First Quarter 2012 Earnings PITTSBURGH--(BUSINESS WIRE)-- EQT Corporation (NYSE: EQT) today announced first quarter 2012 earnings of $72.0 million, or $0.48 per diluted share. First quarter
More informationEQT REPORTS THIRD QUARTER 2014 EARNINGS Operational Results Continue to Improve GP Achieves Maximum Distribution Threshold
EQT REPORTS THIRD QUARTER 2014 EARNINGS Operational Results Continue to Improve GP Achieves Maximum Distribution Threshold PITTSBURGH, PA (October 23, 2014) -- EQT Corporation (NYSE: EQT) today announced
More informationEQT REVISED 2015 OPERATIONAL FORECAST
EQT REVISED 2015 OPERATIONAL FORECAST February 5, 2015 -- EQT Corporation (NYSE: EQT) issued a revised 2015 capital expenditure (CAPEX) forecast of $2.05 billion, excluding business development and land
More informationBLUE RIDGE MOUNTAIN RESOURCES. January 2018
BLUE RIDGE MOUNTAIN RESOURCES January 2018 Forward-Looking and Cautionary Statements In general. Blue Ridge Mountain Resources, Inc., together with its subsidiaries and affiliates, is referred to in this
More informationEQT REPORTS SECOND QUARTER 2018 RESULTS Board authorizes $500 million share repurchase program
EQT REPORTS SECOND QUARTER 2018 RESULTS Board authorizes $500 million share repurchase program PITTSBURGH (July 26, 2018) -- EQT Corporation (NYSE: EQT) today announced financial and operational performance
More informationAntero Resources Reports Second Quarter 2013 Financial Results, Utica First Production and Well Rates
Antero Resources Reports Second Quarter 2013 Financial Results, Utica First Production and Well Rates Highlights: Net daily production averaged 458 MMcfe/d, up 115% over second quarter 2012 production
More informationEQT REPORTS THIRD QUARTER 2017 EARNINGS
EQT REPORTS THIRD QUARTER 2017 EARNINGS PITTSBURGH (October 26, 2017) -- EQT Corporation (NYSE: EQT) today announced third quarter 2017 results. Highlights: Production sales volume was 5% higher than third
More informationCanaccord Genuity Global Energy Conference. Wednesday, October 12, :00 p.m.
Canaccord Genuity Global Energy Conference Wednesday, October 12, 2011 3:00 p.m. Overview of Operations Tulsa based company founded in 1963 with long history of operations in the Mid-Continent Bakken 3%
More informationGHS 100 Energy Conference. June 24, 2014
GHS 100 Energy Conference June 24, 2014 Forward-Looking Statement Statements made in this presentation that are not historical facts are forward-looking statements within the meaning of the U.S. Private
More information2012 Wells Fargo Securities Research & Economics 11 th Annual Pipeline, MLP & Energy Symposium. December 4, 2012
2012 Wells Fargo Securities Research & Economics 11 th Annual Pipeline, MLP & Energy Symposium December 4, 2012 Risks and Forward-Looking Statements This presentation includes forward-looking statements
More informationAnalyst Presentation October 22, 2015
Analyst Presentation October 22, 2015 EQT Cautionary Statements EQT Corporation (NYSE: EQT) EQT Plaza 625 Liberty Avenue, Suite 1700 Pittsburgh, PA 15222 Pat Kane - Chief Investor Relations Officer (412)
More informationFirst Quarter 2016 Earnings Call Presentation April 28, 2016
First Quarter 2016 Earnings Call Presentation April 28, 2016 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of
More informationN e w s R e l e a s e
N e w s R e l e a s e Chesapeake Energy Corporation P. O. Box 18496 Oklahoma City, OK 73154 FOR IMMEDIATE RELEASE JANUARY 17, 2006 JEFFREY L. MOBLEY, CFA VICE PRESIDENT INVESTOR RELATIONS AND RESEARCH
More information3Q17 Earnings Call November 2, 2017
3Q17 Earnings Call November 2, 2017 ForwardLooking Statements This presentation contains forwardlooking statements. All statements, other than statements of historical facts, included in this presentation
More informationEnerVest: From the Barnett Shale to the Utica Shale and Points Between. John B. Walker
EnerVest: From the Barnett Shale to the Utica Shale and Points Between John B. Walker EnerVest Assets Under Management (as of December 2011) 20,000 wells in 12 states $6.2 Billion asset value 4.5 TCFE
More informationEQM & EQGP Investor Presentation
EQM & EQGP Investor Presentation July 2015 Cautionary Statements Disclosures in this presentation contain certain forward-looking statements. Statements that do not relate strictly to historical or current
More informationSecond Quarter 2017 Earnings Call Presentation August 3, 2017
Second Quarter 2017 Earnings Call Presentation August 3, 2017 1 Forward-Looking Statements This presentation contains forward-looking statements. All statements, other than statements of historical facts,
More informationAnalyst Presentation. December 13, 2017
Analyst Presentation December 13, 2017 Cautionary Statements EQT Corporation (NYSE: EQT) EQT Plaza 625 Liberty Avenue, Suite 1700 Pittsburgh, PA 15222 Pat Kane - Chief Investor Relations Officer (412)
More informationAntero Resources Announces 2015 Capital Budget and Guidance
NEWS RELEASE Antero Resources Announces 2015 Capital Budget and Guidance 1/20/2015 DENVER, Jan. 20, 2015 /PRNewswire/ -- Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") today announced
More informationAnalyst Presentation. February 15, 2018
Analyst Presentation February 15, 2018 Cautionary Statements EQT Corporation (NYSE: EQT) EQT Plaza 625 Liberty Avenue, Suite 1700 Pittsburgh, PA 15222 Pat Kane - Chief Investor Relations Officer (412)
More informationJune 2016 Investor Presentation
June 2016 Investor Presentation CABOT OIL & GAS OVERVIEW 2015 Production: 602.5 Bcfe (13% growth) 2015 Year-End Proved Reserves: 8.2 Tcfe (11% growth) 2016E Drilling Activity: ~30 net wells 2016E Production
More informationRice Midstream Partners First Quarter 2016 Supplemental Slides May 4,
Rice Midstream Partners First Quarter 2016 Supplemental Slides May 4, 2016 1 www.ricemidstream.com RMP: High Growth MLP in Prolific Appalachian Basin TOP-TIER GROWTH DRIVEN BY ACTIVE CUSTOMERS Strategically
More informationwhere we stand where we are going
where we stand where we are going Third-Quarter 2018 Earnings Call October 26, 2018 Forward-Looking Statements and Other Disclaimers This presentation includes forward looking statements within the meaning
More informationDahlman Rose Ultimate Oil Service Conference
Dahlman Rose Ultimate Oil Service Conference December 3, 2012 Overview of Operations 16 Bakken Tulsa based company founded in 1963 with long history of operations in the Mid-Continent Integrated approach
More informationAntero Resources Reports First Quarter 2013 Results
Antero Resources Reports First Quarter 2013 Results DENVER, May 13, 2013 /PRNewswire/ -- Highlights: Net daily production averaged 383 MMcfe/d, up 114% over first quarter 2012 production from continuing
More informationLouisiana Energy Conference
Louisiana Energy Conference J. Russell Porter President and CEO June 7, 2012 Houston, TX E X P A N D I N G O U R H O R I Z O N S Cautionary Statement CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION
More informationAnalyst Presentation. October 24, 2013
Analyst Presentation October 24, 2013 EQT Cautionary Statements EQT Corporation (NYSE: EQT) EQT Plaza 625 Liberty Avenue, Suite 1700 Pittsburgh, PA 15222 Pat Kane - Chief Investor Relations Officer (412)
More informationNAPTP MLP Investor Conference. May 23, 2013
NAPTP MLP Investor Conference May 23, 2013 Forward-Looking Statement Statements made in this presentation that are not historical facts are forward-looking statements within the meaning of the U.S. Private
More informationCONE Midstream Partners LP. Capital Link MLP Investing Forum March 5, 2015
CONE Midstream Partners LP Capital Link MLP Investing Forum March 5, 2015 Disclaimer Forward Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities
More informationNoble Energy Announces First Quarter 2012 Results
April 26, 2012 Noble Energy Announces First Quarter 2012 Results HOUSTON, April 26, 2012 /PRNewswire/ -- (NYSE: NBL) reported today first quarter 2012 net income of $263 million, or $1.47 per share diluted,
More informationN e w s R e l e a s e
N e w s R e l e a s e Chesapeake Energy Corporation P. O. Box 18496 Oklahoma City, OK 73154 FOR IMMEDIATE RELEASE OCTOBER 3, 2005 INVESTOR CONTACT: JEFFREY L. MOBLEY, CFA VICE PRESIDENT- INVESTOR RELATIONS
More informationAntero Resources Reports Fourth Quarter and Year- End 2013 Financial and Operating Results
Antero Resources Reports Fourth Quarter and Year- End 2013 Financial and Operating Results February 26, 2014 DENVER, Feb. 26, 2014 /PRNewswire/ -- (Logo: http://photos.prnewswire.com/prnh/20131101/la09101logo)
More informationNet cash provided by operating activities was $937 million in 2014, up from $659 million in 2013.
March 25, 2015 To the Shareholders of CONSOL Energy Inc.: In 2014, CONSOL Energy focused on a global strategy of increasing net asset value per share ( NAV ) across all facets of the business. Our emphasis
More informationCredit Suisse Energy Summit. February 6, 2013 NASDAQ: PDCE
Credit Suisse Energy Summit February 6, 2013 NASDAQ: PDCE Disclaimer The following information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
More informationAnalyst Presentation September 28, 2015
Analyst Presentation September 28, 2015 EQT Cautionary Statements EQT Corporation (NYSE: EQT) EQT Plaza 625 Liberty Avenue, Suite 1700 Pittsburgh, PA 15222 Pat Kane - Chief Investor Relations Officer (412)
More informationEQM & EQGP Investor Presentation
EQM & EQGP Investor Presentation October 2015 Cautionary Statements Disclosures in this presentation contain certain forward-looking statements. Statements that do not relate strictly to historical or
More informationAntero Resources Reports First Quarter 2018 Financial and Operating Results
Antero Resources Reports First Quarter 2018 Financial and Operating Results Denver, Colorado, April 25, 2018 Antero Resources Corporation (NYSE: AR) ( Antero or the Company ) today released its first quarter
More informationInvestor Presentation. Jefferies 2013 Global Energy Conference Houston, TX November 12, 2013
Investor Presentation Jefferies 2013 Global Energy Conference Houston, TX November 12, 2013 KEY INVESTMENT HIGHLIGHTS Extensive Inventory of Low-Risk, High-Return Drilling Opportunities Industry-Leading
More informationAnalyst Presentation. May 2018
Analyst Presentation May 2018 Cautionary Statements EQT Corporation (NYSE: EQT) EQT Plaza 625 Liberty Avenue, Suite 1700 Pittsburgh, PA 15222 Pat Kane - Chief Investor Relations Officer (412) 553-7833
More informationwhere we stand where we are going
where we stand where we are going J.P. Morgan 2018 Energy Conference June 18-19, 2018 Forward-Looking Statements and Other Disclaimers This presentation includes forward looking statements within the meaning
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationCompany Overview December 2012
Company Overview December 2012 1 Large, Diverse E&P Base Operational Snapshot Significant Existing Resources Headquarters: Tulsa, OK Total net acres: ~2.94 million Total net risked resource potential:
More informationEnerCom s The Oil & Gas Conference. August 15, 2012
EnerCom s The Oil & Gas Conference August 15, 2012 Overview of Operations 16 Bakken Tulsa based company founded in 1963 with long history of operations in the Mid-Continent Integrated approach to business
More informationEV Energy Partners, L.P. Wells Fargo Energy Symposium
EV Energy Partners, L.P. Wells Fargo Energy Symposium December 9-10, 2014 Forward-Looking Statement Statements made in this presentation that are not historical facts are forward-looking statements within
More informationCredit Suisse 24 th Annual Energy Summit Bill Way, President and CEO NYSE: SWN
Credit Suisse 24 th Annual Energy Summit Bill Way, President and CEO NYSE: SWN Forward-Looking Statements This presentation contains forward-looking statements. Forward-looking statements relate to future
More informationEnerCom s The Oil & Services Conference. February 20, 2013
EnerCom s The Oil & Services Conference February 20, 2013 Overview of Operations 16 Bakken Tulsa based diversified energy company incorporated in 1963 Integrated approach to business allows Unit to balance
More informationCONE Midstream Partners LP. Citi 2015 MLP/Midstream Infrastructure Conference August 19-20, 2015
CONE Midstream Partners LP Citi 2015 MLP/Midstream Infrastructure Conference August 19-20, 2015 Disclaimer Forward Looking Statements This presentation contains forward-looking statements within the meaning
More informationAntero Resources Reports Third Quarter 2013 Financial and Operational Results
Antero Resources Reports Third Quarter 2013 Financial and Operational Results Highlights: Net daily production averaged 566 MMcfe/d, a 25% increase over second quarter 2013 and a 128% increase over third
More informationAntero Resources Reports Third Quarter 2013 Financial and Operational Results
Antero Resources Reports Third Quarter 2013 Financial and Operational Results DENVER, Nov. 6, 2013 /PRNewswire/ -- (Logo: http://photos.prnewswire.com/prnh/20131101/la09101logo) Highlights: Net daily production
More informationFirst Quarter 2016 Review. Hal Hickey Harold Jameson Ricky Burnett. Chief Executive Officer Chief Operating Officer Chief Financial Officer
First Quarter 2016 Review Hal Hickey Harold Jameson Ricky Burnett Chief Executive Officer Chief Operating Officer Chief Financial Officer May 4, 2016 Strategic Plan Update 2 Focus Area # Improvement Plan
More informationAntero Resources Reports Fourth Quarter and Full Year 2016 Financial and Operational Results
Antero Resources Reports Fourth Quarter and Full Year 2016 Financial and Operational Results Denver, Colorado, February 28, 2017 Antero Resources Corporation (NYSE: AR) ( Antero or the Company ) today
More informationAnalyst Presentation. December 18, 2013
Analyst Presentation December 18, 2013 EQT Cautionary Statements EQT Corporation (NYSE: EQT) EQT Plaza 625 Liberty Avenue, Suite 1700 Pittsburgh, PA 15222 Pat Kane - Chief Investor Relations Officer (412)
More informationCARRIZO OIL & GAS, INC.
News PRESS RELEASE Contact: Jeffrey P. Hayden, CFA, VP - Investor Relations (713) 328-1044 David L. Pitts, Chief Financial Officer (713) 328-1000 CARRIZO OIL & GAS, INC. ANNOUNCES STRONG FOURTH QUARTER
More informationInvestor Relations Presentation
Investor Relations Presentation EQT Midstream Partners-EQT GP Holdings June 2017 1 Cautionary Statements Disclosures in this presentation contain certain forward-looking statements. Statements that do
More informationCredit Suisse 3 rd Annual MLP & Energy Logistics Conference June 23, 2015
Credit Suisse 3 rd Annual MLP & Energy Logistics Conference June 23, 2015 Forward-Looking Statement Statements made in this presentation that are not historical facts are forward-looking statements within
More informationAcquisition of Oil & Gas Properties in Mid-Continent
Acquisition of Oil & Gas Properties in Mid-Continent July 11, 2012 Significant Overlap in Core Operating Area Pro forma Acreage Position in Core Mid-Continent Area Material acreage overlap with existing
More informationGregg is a frequent lecturer for the continuing legal education seminars on mineral law, conveyancing and land use topics.
Gregg s law practice primarily consists of representing businesses involved in unconventional and conventional oil and gas, coal, coalbed methane gas, and other minerals and natural resources, and technologies
More informationEQM & EQGP Investor Presentation
EQM & EQGP Investor Presentation January 2016 Cautionary Statements Disclosures in this presentation contain certain forward-looking statements. Statements that do not relate strictly to historical or
More informationEQM & EQGP Investor Presentation
EQM & EQGP Investor Presentation February 2016 Cautionary Statements Disclosures in this presentation contain certain forward-looking statements. Statements that do not relate strictly to historical or
More informationwhere we stand where we are going
where we stand where we are going 2018 Heikkinen Energy Conference August 15, 2018 Forward-Looking Statements and Other Disclaimers This presentation includes forward looking statements within the meaning
More informationThe New EQT New Company, New Leadership, New Focus
The New EQT New Company, New Leadership, New Focus January 22, 2019 The New EQT New Company, New Leadership, New Focus Q4 2018 Performance Back on Track Q4 volumes exceed guidance midpoint by ~20 Bcfe
More informationIPAA Oil & Gas Investment Symposium Presentation April 13, :35 p.m.
IPAA Oil & Gas Investment Symposium Presentation April 13, 2011 1:35 p.m. Overview of Operations Tulsa based company founded in 1963 with long history of operations in the Mid-Continent Ticker: UNT / NYSE
More informationCompany Presentation June 2018
Company Presentation June 2018 Forward Looking Statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws, including the safe harbor provisions
More informationEnerCom s London Oil & Gas Conference. June 11, 2013
EnerCom s London Oil & Gas Conference June 11, 2013 Overview of Operations 16 Bakken Tulsa based diversified energy company incorporated in 1963 Integrated approach to business allows Unit to balance its
More informationMLPA 2017 Investor Conference June 1, 2017
MLPA 2017 Investor Conference June 1, 2017 2 Forward-Looking Statements This presentation contains forward-looking statements. All statements, other than statements of historical facts, included in this
More information