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CONSOL Energy Announces Filing of Form 10 Registration Statement for Spin-Off of its Pennsylvania Mining Operations and Other Coal Assets; Second Quarter 2017 Earnings Release and Call Schedule

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From the safety of our employees to the environment and communities in which we work and live, CONSOL Energy’s corporate responsibility efforts are rooted in our core values and woven throughout the fabric of our corporate culture.

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The leader in our field. The natural gas field, that is

CONSOL Energy is a leader in the natural gas industry and one of the largest independent natural gas exploration, development and production companies in the Appalachian Basin. We have access to 6.3 trillion cubic feet equivalents of proved clean-burning natural gas reserves. With a leading acreage footprint in both the Marcellus and Utica shales, CONSOL Energy is at the forefront of providing the energy to power America for generations to come.

Gas Reserves Estimated Net Proved Reserves (MMcfe) Net Producing Wells (including oil and gob wells) Total Net Acres 1
Marcellus 3,137,336 283 412,763
Utica 1,371,978 54 377,817
CBM 1,254,633 4,359 2,162,718
Other 487,701 8,180 1,363,555
Total 6,251,648 12,876 4,316,853

1 Net acres include acreage attributable to our working interests in the properties. Additional adjustments (either increases or decreases) may be required as we further develop title to and further confirm our rights with respect to our various properties in anticipation of development. We believe that our assumptions and methodology in this regard are reasonable. See Risk Factors in Section 1A of Form 10-K.

2 Acreage amounts are only included under the target strata CONSOL Energy expects to produce with the exception of certain CBM acres governed by separate leases, although the reported acres may include rights to multiple gas seams (e.g. we have rights to Marcellus segment that are disclosed under the Utica segment and we have rights to Utica segment that are disclosed under the Marcellus segment). We have reviewed our drilling plans, our acreage rights and used our best judgment to reflect the acres in the strata we expect to primarily produce. As more information is obtained or circumstances change, the acreage classification may change.



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