Slide 1: Company Presentation Q1 2016
Company Presentation Q1 2016
Slide 2: Cautionary Language
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). Statements that are not historical, are forward-looking, and include our operational and strategic
Slide 3: CONSOL Energy: Execution of Our Game Plan
CONSOL Energy: Execution of Our Game Plan In 2013 – CONSOL set out to shift focus to being a pure play E&P company - Sold 5 West Virginia mines - Dramatically improved our E&P metrics - Lowered capital intensity - Lowered unit costs - Hired a new head of the E&P Division - Improved management of t
Slide 4: CONSOL Energy: Company Overview
CONSOL Energy: Company Overview Transformative Journey Towards a Pure Play E&P Company Late 2013 – transaction with Murray Energy Corp. that transitioned half of coal assets and related assets April 19, 2014 – CONSOL Energy 150th Anniversary June 12, 2014 – Analyst Day to roll out growing Appa
Slide 5: E&P Division
(= CONSOL ENERGY AMERICA’S ENERGY STARTS HERE. E&P Division
Slide 6: E&P Division: Q1 2016 Operations Summary
E&P Operations E&P Division: Q1 2016 Operations Summary Marcellus Shale Quarterly Summary Utica Shale Quarterly Summary Avg. TIL Turned Turned Avg. TIL Sub- Horizontal Lateral Sub- Horizontal Drilled Completed In Line Counties Drilled Completed In Line Lateral Counties Regions Rigs Length Regions Ri
Slide 7: 2016 Planned E&P Activity Overview
E&P Operations 2016 Planned E&P Activity Overview E&P Activity Summary – 2016 Plan Drilled Drilled 2016 2016 Uncompleted Completed Completions TIL's Inventory Inventory Remaining Remaining Marcellus SW PA Operated 18 17 6 23 SW PA Non-Op 5 2 - 2 WV Operated 7 - - - WV Non-Op 49 - - - Total Marcellus
Slide 8: Bridging to Growth
E&P Operations Bridging to Growth 400 71 378 350 329 -50 23 5 300 250 Bcfe 200 150 100 50 0 2015 Total Production 2016 Base decline 2016: Gathering De- 2016: Non-Op (Ex NBL/HES) 2016: Production Adds 2016 Total Production bottlenecking Prod. Adds 2016 production growth primarily driven by wells’ pro
Slide 9: E&P Operations: Capital Expenditures
E&P Operations: Capital Expenditures Efficiencies Driving Reduced E&P Capital Expenditures Without Sacrificing Growth Deferring activity, increasing capital efficiency 2016 E&P Capital Budget: improvements and identification of additional de- $205-$325 Million bottlenecking activities 2016 E&P c
Slide 10: E&P Operations: Lateral Length, Stage Length and EUR
E&P Operations Average Completed Lateral Length Average Stage Length 8,000 300 282.9 279.2 7,004 7,118 252.7 7,000 250 6,000 5,483 5,137 194.7 200 5,000 168.7 Feet Feet 4,000 3,366 150 3,000 100 2,000 50 1,000 0 0 2011 2012 2013 2014 2015-Present 2011 2012 2013 2014 2015-Present Average EUR/ 1000’ F
Slide 11: E&P Operations - Benchmarking vs Peers
E&P Operations - Benchmarking vs Peers Beginning to outperform peers on growth and unit cost performance E&P Production Volumes Indexed Production Growth 450 260 Production by Area 400 ~15% 2015A 2016E 240 350 Marcellus 51% 54% 329 220 CBM 23% 19% 300 Utica (Wet & Dry) 17% 21% 200 250 Other 9% 6% 23
Slide 12: E&P Operations - Benchmarking vs Peers
E&P Operations - Benchmarking vs Peers Full-cycle Breakeven Operating Metrics Declined from $3.51 To $2.00 Per Mcfe, a 43% decline $4.00 Hired Tim Dugan to run E&P operations $3.50 $3.00 $1.17 $1.11 $2.50 $0.82 $2.00 Cash OpEx $0.84 $0.59 $0.48 (plus G&A) of $0.37 $1.52/Mcfe, $1.50 $0.17 $0.17 $0.29
Slide 13: Utica Shale Overview: A Leading Position in the Utica Shale
E&P Operations Utica Shale Overview: A Leading Position in the Utica Shale ~622,000 CONSOL net acres(1) Over 3,500 gross locations ─ 97 wells online, as of 3/31/2016 ─ 10 wells TIL in Q1 2016 ─ 8,574 ft average TIL laterals in Q1 2016 ─ 4 wells per pad on average ─ 180-acre spacing (1,100 ft. in
Slide 14: Utica Shale: PA/WV Dry Gas
E&P Operations RRC– Zahn #1 Utica Shale: PA/WV Dry Gas IP Gas: ~4,500 Mcf/d REXX – Cheeseman 1 IP Oil: 0 Bbl/d IP Gas: 9,200 Mcf/d CHK– Hubbard 3H IP Oil: 0 Bbl/d IP Gas: 11,00 Mcf/d CHK – Thompson 3H IP Oil: 0 Bbl/d IP Gas: 6,400 Mcf/d CNX – Gaut 4IH IP Oil: 0 Bbl/d 61.4 MMcf/d @ 7,968 psig CHK – B
Slide 15: Utica Shale: Gaut 4IH – Westmoreland County, PA
Utica Shale: Gaut 4IH – Westmoreland County, PA CONSOL – GAUT4IH 61.4 MMcf/d 24-hr IP rate @ 7,968 psi; 5,840 ft. lateral ~ 5,800’ single lateral; 100% WI to CONSOL 30 stage completion 200’ stages with 500k# proppant: 160k# 100 mesh + 200k # 40/80 ceramic + 140k# 30/50 ceramic Ready supply o
Slide 16: Utica Shale: Gaut 4IH Westmoreland County, PA
Utica Shale: Gaut 4IH Westmoreland County, PA Flow Rate Mcf/Day Casing Pressure 30,000 10,000 9,000 25,000 8,000 7,000 20,000 6,000 15,000 5,000 4,000 10,000 3,000 2,000 5,000 1,000 0 0 9/25/2015 10/25/2015 11/25/2015 12/25/2015 1/25/2016 2/25/2016 3/25/2016 Note: Production data has been normalized
Slide 17: Utica Shale: GH9 Greene County, PA
Utica Shale: GH 9 Greene County, PA Range Resources - Claysville Sportsman’s Club #1 IP Gas – 59.0 MMcf/d EQT – Pettit Spud in Aug. 2015 13,400 ft. TVD 4,000-4,500 ft. lateral 100% WI and 96% NRI to CONSOL EQT – Scotts Run 24 hr IP – 72.9 MMcf/d. TVD: 13,400’ 3,221’ Treated interval. Frac’d in
Slide 18: Utica Shale: Ohio Dry Gas
Utica Shale: Ohio Dry Gas CNX Activity and Recent IP Rates In-and-Around Monroe County, OH CVX Conner well (Utica): GPOR Irons 1-4H (Utica): 25.0 MMcf/d – Avg 24-hr rate 30.3 MMcf/d – Avg 24-hr rate NBL / CNX MND 6H (Utica): 1 Utica Well 39.1 MMcf/d 24-hr IP @7,126 psi CNX SWITZ 6 Pad (Utica) : 9,34
Slide 19: Utica Shale: Switz Monroe County, OH
Utica Shale: Switz 6 Monroe County, OH CONSOL – SWITZ 6 Pad (Utica): 4 Utica wells & 1 Marcellus well CNX – Switz 6D: 24-hr test rate 44.7 MMcf/d @ 6,835 psig 4 Utica Wells and 1 Marcellus Well Avg. Utica Lateral Length = 8,821’ Longest Utica Lateral = 10,122’ 100% WI to CONSOL Tested 3 pr
Slide 20: Dry Utica: Switz Pad Monroe County, OH
Dry Utica: Switz 6 Pad Monroe County, OH 50,000 6D Gas Rate (Mcf/d) 6D Casing Pressure (psig) 45,000 6F Gas Rate (Mcf/d) 6F Casing Pressure (psig) 6H Gas Rate (Mcf/d) 6H Casing Pressure (psig) 40,000 35,000 30,000 25,000 Production 20,000 15,000 10,000 Casing Pressure 5,000 0 10/13/2015 11/13/2015 1
Slide 21: Utica Shale: Monroe County, OH Cost Improvements
Utica Shale: Monroe Cty, OH Cost Improvements Days vs. Depth (Well in order of Horizontal TD Date) 0 5,000 Measured Depth (ft.) 10,000 Switz-6B-HSU Switz-6F-HSU 15,000 ~60+% Reduction in Days to Drill Switz-6H-HSU 20,000 Switz-6D-HSU Switz-16J-HSU 25,000 0 20 40 60 80 100 120 Days Switz Drilling Cos
Slide 22: Utica Shale: PA Utica D&C Cost Reduction Plan
Utica Shale: PA Utica D&C Cost Reduction Plan Waterfall Diagram - PA Dry Utica Drilling and Completion Costs Per Well Assume 7000' lateral on a development 4-well pad ($ in millions) $30.0 $26.2 (8.2) $25.0 (2.2) $20.0 (0.4) (0.8) (1.2) (1.1) $15.0 $12.4 $10.0 $5.0 $0.0 (2) (3) Prior AFE Per Well Dr
Slide 23: Gas Marketing
(= CONSOL ENERGY AMERICA’S ENERGY STARTS HERE. Gas Marketing 23
Slide 24: E&P Marketing: Q1 2016 Gas Realization Highlights
E&P Marketing Q1 2016 Gas Realization and Marketing Highlights CONSOL basin exports are projected to increase approximately 73,000 Dth /day for FY 2016 over FY 2015 as TETCO’s U2GC and TEAM OPEN projects were put into service in late 2015, increasing expected realizations by marketing gas to the h
Slide 25: Gas Marketing: Natural Gas Sales
Gas Marketing Natural Gas Sales Midwest TETCO M3 Dominion South TCO Pool TETCO M2 East Tennessee Gas Sales CY 2016 Est. Columbia (TCO) 20% TETCO (M2) 26% TETCO (M3) 16% Dominion (DTI) 14% East Tennessee 10% TETCO ELA TETCO ELA & WLA 8% TETCO WLA Midwest (Chicago) 6% 100% Current sales portfolio of 1
Slide 26: Gas Marketing: Firm Transportation
Gas Marketing Firm Transportation 1,800 Targeting FT opportunities that 1,600 access favorable markets at NEXUS favorable rates 1,400 1,200 1000S MMBtu/day ANR Will supplement direct FT with Columbia 1,000 firm sales to customers that have matching firm capacity 800 East Tennessee 600 Working
Slide 27: Large Pipelines Are Coming to Debottleneck Gas
Large Pipelines Are Coming to Debottleneck Gas Northeast Pipeline Projects Regional prices should improve as pipelines are built to take ProjectID Markets Year Mo. Status MMcf/d excess supply out of the region Leidy Southeast NorthEast 2016 1 Construction 395 Capacity enhancement Midwest 2016 10 C
Slide 28: Regional Basis – Location, Location, Location
Regional Basis – Location, Location, Location Dawn Northeast Pipeline Projects CY 2016: $0.07 CY 2019: $0.08 Leidy CY 2016: -$0.90 Chicago CY 2019: -$0.72 CY 2016: - $0.02 CY 2019: $0.04 Dominion South TETCO M3 CY 2016: -$0.83 Dawn Pipeline Projects CY 2016: -$0.52 CY 2019: -$0.54 CY 2019: -$0.04 TE
Slide 29: Gas Marketing: Firm Transport–Asset or Liability?
Gas Marketing: Firm Transport–Asset or Liability? Total Off Balance Sheet Firm Transportation, Gathering and Processing Commitments $20.0 180% 167% $18.0 152% 160% $16.0 140% $17.5 FT Commitments as % of EV $14.0 $14.3 120% $12.0 $ Billions 100% 95% $10.0 Average: $6.3 Bn 80% $8.0 71% 70% 60% $6.0 5
Slide 30: Gas Marketing: Natural Gas Processing
Gas Marketing Natural Gas Processing 500 Contracted capacity meets 450 current requirements 400 ─ Inlet wet gas volumes to processing plants were ~115 350 MMcf/d above CONSOL’s 300 aggregate minimum MMcf/day committed volume in Q1 2016 250 Maintained the flexibility 200 to leave ethane in the 15
Slide 31: Gas Marketing: Hedges
Gas Marketing: Hedges Gas Hedges 280 Physical Sales With Fixed Basis Exposed to NYMEX E&P Hedge Program: 260 NYMEX Only Hedges Exposed to Basis Program and actively 240 NYMEX + Basis (1) monitored hedges 220 200 Gas Volumes Hedged (Bcf) ─ Program Hedge - protect 180 margins on up to 90% of our 160
Slide 32: Gas Marketing: Liquids Realizations
Gas Marketing: Liquids Realizations Natural Gas Liquids, Oil, and Condensate Q1 2016 Avg. “NGL Barrel” Composition Q1 2016 liquids sold: 11.4 Bcfe 1Q16 Est Natural NGL Sales gasoline Ethane Comp Total weighted average price of liquids decreased 14% 14% ~22% to $12.78 per Bbl in Q1 2016 from $16.
Slide 33: Financial
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Slide 34: Financial: Focused on Free Cash Flow
Financial: Focused on Free Cash Flow Strong liquidity position CNXC and CONE Asset monetization program Reduction in legacy liabilities Guidance: Production, price realizations, operating and capital costs - Growing E&P production volumes - Reductions to operating and overhead costs - Redu
Slide 35: Corporate Cost Reductions
Corporate Cost Reductions Zero-Based Budgeting Includes key SG&A line items such Total Company SG&A as: ($ in Millions) Wages and Salaries 110 107 Payroll Taxes 105 Employee Benefits 100 Professional/Consulting 95 Telephone & Internet 90 Communications 90 Travel & Entertainment 85 Adve
Slide 36: Financial: Liquidity
Financial: Liquidity Debt and Liquidity Profile CNX CNXC: CNX CNX Unit Market Consolidated 100% Attributable Equity Value of Ownership in Affiliated Public MLPs Owned LP (5) Price (5) Value Capitalization and Liquidity 3/31/2016 3/31/2016 3/31/2016 Units CNX Coal Resources LP (CNXC:NYSE) 12.7 $9.10
Slide 37: Financial: Legacy Liabilities
Financial: Legacy Liabilities Significant Legacy Liability Reductions Over Past 3 Years $4,500 $400 Annual Cash Servicing Cost ($ in Millions) $4,345 $370 $4,000 $350 Projected $109MM Annual Cash Legacy Liabilities ($ in Millions) $3,500 Servicing Cost for FY 2016, a $300 $28MM reduction from the ye
Slide 38: Financial: CNX Coal Resources LP (CNXC:NYSE)
Financial: CNX Coal Resources LP (CNXC:NYSE) CNXC: Organizational Structure and CNX Ownership CONSOL Energy Inc. CNXC owns a 20% undivided interest(1) in, and ("CONSOL Energy") operational control over, CONSOL Energy’s Pennsylvania NYSE: CNX mining complex (Bailey, Enlow Fork and Harvey mines) 100%
Slide 39: Financial: CONE’s Growing Cash Contribution
Financial: CONE’s Growing Cash Contribution CONSOL owns 32.1% of CONE Midstream Partners LP’s (CNNX:NYSE) LP units and 50% of the General Partner CONE Midstream's and Gathering's Pro Rata Net (“GP”), which has a 2% interest in CNNX (and rights to Income Contribution to CNX IDRs) $60 $56 CNNX own
Slide 40: Guidance: E&P Segment 2016E
Guidance E&P Segment Guidance 2016E Production Volumes: Natural Gas (Bcf) 335 NGLs (MBbls) 6,000 Oil (MBbls) 65 Condensate (MBbls) 1,000 Total Production (Bcfe) ~+15% Natural Gas Basis Differential to NYMEX ($/Mcf) ($0.35) - ($0.45) NGL Realized Price ($/Bbl) $8.00 - $10.00 Condensate Realized Price
Slide 41: Guidance: Coal Segment 2016E
Guidance Coal Segment Guidance 2016E Estimated Total Consolidated Coal Division Sales Volumes (in millions of tons) 23.9 - 27.4 Total Volumes Sold 25.0 % Committed 98% Total Consolidated Coal Division Capital Expenditures ($ in millions): Production $85 - $95 Other (Land/Water/Safety/Terminal) $20 -
Slide 42: Key Takeaways
Key Takeaways Plans and Goals Aligned to Drive Increased Valuation Milestones: Improving E&P performance from high-grading activities, improving completion techniques, reducing cycle times, and service deflation Benefits from recent long-term contracting activities and operating cost reduction
Slide 43: Appendix
(= CONSOL ENERGY AMERICA’S ENERGY STARTS HERE. Appendix 43
Slide 44: Non-GAAP Reconciliation: Quarterly EBITDA and Adj. EBITDA
Appendix Non-GAAP Reconciliation: Quarter-over-Quarter EBITDA and Adj. EBITDA Three Months Ended March 31 2016 2016 2016 2016 2015 E&P Coal Total Total ($ in thousands) Other Division Division Company Company Net (Loss)/Income ($23,541) ($49,015) ($23,902) ($96,458) $79,030 Less: Net Loss/(Income) A
Slide 45: Non-GAAP Reconciliation: Trailing Twelve Months EBITDA
Appendix Non-GAAP Reconciliation: Trailing Twelve Months EBITDA and Adj. EBITDA Three Months Ended Three Months Ended Three Months Ended Three Months Ended Twelve Months Ended June 30 September 30 December 31 March 31 March 31 ($ in thousands) 2015 2015 2015 2016 2016 Net (Loss)/Income ($603,301) $1
Slide 46: Free Cash Flow Reconciliation
Appendix Free Cash Flow Reconciliation Three Months Ended March 31 2016 Organic Free Cash Flow From Continuing Operations: Net Cash provided by Continuing Operations $ 119,806 Capital Expenditures (78,968) Net Investment in Equity Affiliates (5,578) Organic Free Cash Flow From Continuing Operations
Slide 47: Joint Ventures
Appendix Joint Ventures Summary of JV Carry Eligible Capital Description Marcellus / Noble Energy Inc. Utica / Hess Corporation Ownership 50/50 50/50 (1) Acreage 349,541 79,266 (2) Zones PA and WV Marcellus, Burkett to Onondaga OH Utica Noble to pay 1/3 of CNX 50% share of eligible charges Hess to p
Slide 48: Marcellus Shale: Overview
Appendix Marcellus Shale: Overview ~436,000 CONSOL net acres ─ ~88% NRI ─ ~91% HBP 23.9 Tcfe 3P Over 8,900 gross potential wells(1) Marcellus production grew at a 71% CAGR from 2013 to 2015 Producing Pads Note: Townships are shown in yellow and purple (acres owned in fee) where CONSOL holds
Slide 49: Marcellus Shale: Growth Runway and Depth of Inventory
Appendix Marcellus Shale: Growth Runway and Depth of Inventory Marcellus Shale Upside Potential Total Gross Prospective Marcellus Acreage ~785,000 - Gross Acres within JV ~699,000 - Acres outside JV – 100% CONSOL ~86,000 Acreage per well (assumed 750 ft spacing) ~86 Gross Producing wells (JV -
Slide 50: Marcellus Shale: Sub-Regions Summary
Appendix Marcellus Shale: Sub-Regions Summary Marcellus Shale North South SWPA CPA WV Ohio(1) Total Wet Wet Net Acres ~44,000 ~108,000 ~111,000 ~14,000 ~52,000 ~107,000 ~436,000 Approximate Gross 900 2,200 2,250 150 1,000 2,200 ~8,700 Locations(2) Avg EURs/1,000 ft 2.1 1.6 1.8 -- 1.8 2.1 -- (Bcfe) M
Slide 51: Marcellus Shale: Southwest PA Overview
Appendix Marcellus Shale: Southwest PA Overview ~44,000 CONSOL net acres Over 900 gross locations(1) ─ 206 wells online, as of 3/31/2016 ─ 17 wells TIL in Q1 2016 ─ 8 wells per pad on average in 2016 2.1 Bcfe EUR/1,000 ft of lateral 750 ft inter-lateral spacing Producing Pads Competitor Pads
Slide 52: Marcellus Shale: North Wet Gas Overview
Appendix Marcellus Shale: North Wet Gas Overview ~52,000 CONSOL net acres Over 1,000 gross locations(1) ─ 144 wells online as of 3/31/2016 ─ 8 wells TIL in Q1 2016 ─ 8 wells per pad on average 1.8 Bcfe EUR/1,000 ft of lateral Increasing use of RCS/SSL 750 ft inter-lateral spacing Condens
Slide 53: Marcellus Shale: South Wet Gas Overview
Appendix Marcellus Shale: South Wet Gas Overview ~107,000 CONSOL net acres Over 2,200 gross locations(1) ─ 31 wells online, as of 3/31/2016 ─ 6 wells per pad on average 2.1 Bcfe EUR/1,000 ft of lateral 750 ft inter-lateral spacing Condensate yield: 10 Bbls/MMcf NGLs yield: 51 Bbls/MMcf P
Slide 54: Marcellus Shale: Northern WV Dry Overview
Appendix Marcellus Shale: Northern WV Dry Overview ~111,000 CONSOL net acres Over 2,250 gross locations(1) ─ 49 wells online, as of 3/31/2016 ─ 0 wells TIL in Q1 2016 1.8 Bcfe EUR/1,000 ft of lateral 750 ft inter-lateral spacing Producing Pads Competitor Pads DTI Storage Fields Note: Townshi
Slide 55: Marcellus Shale: Central PA Overview
Appendix Marcellus Shale: Central PA Overview ~108,000 CONSOL net acres Over 2,200 gross locations(1) ─ 56 wells online, as of 3/31/2016 ─ 0 wells TIL in Q1 2016 ─ 5 wells per pad on average 1.6 Bcfe EUR/1,000 ft of lateral 750 ft inter-lateral spacing Producing Pads Competitor Pads Note: To
Slide 56: Utica Shale: Growth Runway and Depth of Inventory
Appendix Utica Shale: Growth Runway and Depth of Inventory Utica Shale Upside Potential Total Gross Prospective Utica Acreage ~701,000 - Gross Acres within JV ~158,000 - Acres outside JV – 100% CONSOL ~543,000 Acreage spacing per well (assumed 1,100 ft spacing) ~126 Gross Producing wells (JV -
Slide 57: Utica Shale: Sub-Regions Summary
Appendix Utica Shale: Sub-Regions Summary Utica Shale Ohio Wet Ohio Dry PA/WV Dry Total Net Acres ~89,000 ~30,000 ~503,000 ~622,000 Approximate Gross 1,050 350 2,400 3,800 Locations(1) Avg EURs/1,000 ft 2.3 2.8 3.0 -- (Bcfe) Potential resource of ~30 Tcfe Note: Acreage and locations as of December 3
Slide 58: Utica Shale: Offset Peer Acreage
Appendix Utica Shale: Offset Peer Acreage ~622,000 CONSOL net acres in Utica ─ ~306,000 net acres in PA ─ ~197,000 net acres in WV ─ 30,000 net acres in OH Dry ~14,000 net acres in Monroe County, OH ─ 89,000 net acres in OH Wet Majority of acreage offset to peers with strong results ─ The main
Slide 59: Utica Shale: CNX Acreage Position in the Core OH Wet Gas Utica
Appendix Utica Shale: CNX Acreage Position in the Core OH Wet Gas Utica HES – Cadiz B HES – Cadiz A IP GAS: 10,254 Mcf/d ~85,000 CONSOL net acres GPOR - Boy Scout 33H CHK - Buell 8H IP OIL: 191 Bbl/d IP GAS: 9,500 Mcf/d IP GAS: 8,006 Mcf/d ~34,000 CONSOL net acres IP GAS: 5,300 Mcf/d IP OIL: 1,4
Slide 60: Stacked Pay Potential: Appalachian Shale Acreage
Appendix Stacked Pay Potential: Appalachian Shale Acreage P a y Formation Name Wet Dry Total Net Acres Net Acres Net Acres Rhinestreet Shale Upper Cashaqua Shale Devonian 190,000 155,000 345,000 Middlesex Shale West River Shale Burkett Shale Tully Limestone Hamilton Shale Marcellus Marcellus 173,000
Slide 61: CONSOL Energy: Corporate Structure
CONSOL Energy: Corporate Structure CONSOL Energy CONE MLP E&P PA Complex Other Operations Marcellus Utica CBM CNXC (MLP) SOG and Other* CONSOL structure moving toward a pure play E&P * Includes Other Midstream 61
Slide 62: CONE Corporate Structure
Appendix CONE Corporate Structure 62 Source: CONE Midstream Partners LP.
Slide 63: Coal Division: Pennsylvania Mining Complex
Coal Division Pennsylvania Mining Complex Pennsylvania mining complex consists of three like-new underground mines and related infrastructure with high-Btu bituminous coal (785.6 million tons proven and probable(1)) Train loadout facility (up to 9,000 tons per hour) with dual rail access with No
Slide 64: Our Core Values Drive Corporate Responsibility
Our Core Values Drive Corporate Responsibility Developed Absolute Zero Program in 2009 Measure and report all our key performance indicators within our Corporate Responsibility Report (CRR) Spent $167 million during 2015 alone on Health, Safety and Environmental initiatives Achieved ZERO Occ
Slide 65: Environmental Management System (EMS)
Environmental Management System (EMS) Founding, certified member of the Center for Sustainable Shale Development (CSSD) Compliance at 99.9% with NPDES effluent limits Recycled and repurposed over 500 million gallons of water Created a water business In 2015, recycled over 12,500 tons of ma