Table of Contents Table of Contents 2 List of Tables 4 List of Figures 6 Company Snapshot 8 Key Information 8 Company Overview 8 Consol Energy Inc., Valuation and Financial Data 9 Consol Energy Inc., Share Price Performance 9 Share Price Performance, Q2, 2015-Q2, 2016 9 Consol Energy Inc., Key Valuation Metrics 10 Key Valuation Metrics, Q2, 2015-Q2, 2016 10 Consol Energy Inc., Quarterly Results of Oil & Gas Operations Per boe Produced 11 Results of Oil & Gas Operations Per boe Produced, Q2, 2015-Q2, 2016 11 Results of Oil & Gas Operations Per boe Growth Rates, Q2, 2015-Q2, 2016 12 Consol Energy Inc., Quarterly E&P Costs Trends 13 Upstream Capital Expenditure, Q2, 2015-Q2, 2016 13 Consol Energy Inc., Quarterly Production Trends 14 Consol Energy Inc., Total Oil and Gas Production 14 Total Crude Oil and Natural Gas Production Trend, Q2, 2015-Q2, 2016 14 Total Crude Oil & Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 15 Consol Energy Inc., Crude Oil Production 16 Total Crude Oil Production Trend, Q2, 2015-Q2, 2016 16 Crude Oil Production, By Country/Region, Q2, 2015-Q2, 2016 17 Consol Energy Inc., Natural Gas Production 18 Total Natural Gas Production Trend, Q2, 2015-Q2, 2016 18 Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 19 Consol Energy Inc., Valuation and Financial Data, 2011-2015 20 Consol Energy Inc., Share Price Performance, 2011-2015 20 Share Price Performance, 2011-2015 20 Key Valuation Metrics, 2011-2015 21 Consol Energy Inc., Production and Reserves Trends 22 Total Oil and Gas, Reserves and Production 22 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26 Crude Oil/Liquids Production and Reserve 27 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27 Crude Oil Production and Reserves By Country/Region, 2011-2015 28 Crude Oil/Liquids Reserve Changes, 2011-2015 30 Natural Gas Production and Reserve 31 Natural Gas Production and Reserve Trend, 2011-2015 31 Natural Gas Production and Reserves, By Country/Region, 2011-2015 32 Natural Gas Reserve Changes, 2011-2015 34 Total Crude Oil and Natural Gas Reserves Life Index 35 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36 Consol Energy Inc., E&P Costs Trends 38 Allocation of the Upstream Capital Expenditure 38 Upstream Capital Expenditure, 2011-2015 38 Acquisition Costs By Country/Region, 2011-2015 39 Exploration and Development Costs, By Country/Region, 2011-2015 40 Oil and Gas Cost Per boe, US$/boe 42 Oil and Gas Cost Per boe, US$/boe, 2011-2015 42 Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 44 Consol Energy Inc., Reserve Replacement Ratio 46 Oil and Gas Production Replacement Ratio 46 Oil and Gas Production Replacement Ratio, 2011-2015 46 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 48 Consol Energy Inc., Results of Oil & Gas Operations Trend 52 Oil and Gas Revenue and Expenses 52 Oil and Gas Revenue and Expenses, 2011-2015 52 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 53 Oil and Gas Revenue and Expenses, Per boe 58 Oil and Gas Revenue and Expenses, By boe, 2011-2015 58 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 59 Oil and Gas Performance Metrics 63 Consol Energy Inc., Land Holdings and Well Data 64 Developed and Undeveloped Acreage 64 Gross and Net Developed and Undeveloped Acreage, 2011-2015 64 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 65 Well Statistics 68 Producible Oil and Gas Well, 2011-2015 68 Producible Oil and Gas Well, By Country/Region, 2011-2015 69 Exploration and Development Wells Drilled, 2011-2015 71 Exploration and Development Wells Drilled, By Country/Region, 2011-2015 72 Recent Developments 73 Consol Energy Inc. - Recent Developments 73 Aug 04, 2016: Settlement with U.S. and Pennsylvania Requires Consol Energy to Implement Water Management Upgrades to Protect Ohio River 73 Jul 26, 2016: CONSOL Energy Reports Second Quarter Results 74 Jul 19, 2016: Consol Energy, Airport Officials Announce Successful Commencement Of Natural Gas Production At Pit 78 Apr 26, 2016: CONSOL Energy Reports First Quarter Results; Record Quarterly E&P Production of 97.5 Bcfe; Total E&P Division Cash Costs of $1.33 Per Mcfe; Borrowing Base Reaffirmed at $2 billion; Liquidity Increases to $1.3 billion 79 Apr 07, 2016: CONSOL Energy Announces the Retirement of Chief Commercial Officer James C. Grech 81 Feb 08, 2016: CONSOL Energy Announces the Nomination of Bernard Lanigan, Jr., Joseph P. Platt and Edwin S. Roberson for Election to its Board of Directors at its 2016 Annual Shareholders Meeting 81 Feb 05, 2016: CONSOL Energy Announces E&P Division Proved Reserves Of 5.6 Tcfe; Proved Developed Reserves Increase By 16%; Adds 934 Bcfe From Drilling In 2015; Replaces 284% Of 2015 Production 83 Feb 05, 2016: CONSOL Energy Announces E&P Division Proved Reserves Of 5.6 Tcfe; Proved Developed Reserves Increase By 16% 84 Feb 02, 2016: CARBO Ceramics: Deep Gas Utica Well Utilizes CARBO KRYPTOSPHERE LD Technology 86 Jan 29, 2016: CONSOL Energy Reports Fourth Quarter Results; Net Income Of $30 million, Or $0.13 Per Diluted Share 87 Appendix 95 Methodology 95 Coverage 95 Secondary Research 95 Primary Research 95 Data Information Sources 96 Company Source 96 SEC/Other Regulatory Filings 96 Other Sources 96 Expert Panel Validation 96 Data Definition 96 Oil and Gas Reserves 96 Units of Measure 97 About GlobalData 97 Disclosure 97 Disclaimer 97

List of Tables Table 1: Consol Energy Inc., Key Facts 8 Table 2: Consol Energy Inc., Share Price Performance, Q2, 2015-Q2, 2016 9 Table 3: Consol Energy Inc., Key Valuation Metrics, Q2, 2015-Q2, 2016 10 Table 4: Consol Energy Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 11 Table 5: Consol Energy Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q2, 2015-Q2, 2016 12 Table 6: Consol Energy Inc., Upstream Capital Expenditure, Q2, 2015-Q2, 2016 13 Table 7: Consol Energy Inc., Total Crude Oil and Natural Gas, Production, Q2, 2015-Q2, 2016 14 Table 8: Consol Energy Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 15 Table 9: Consol Energy Inc., Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 16 Table 10: Consol Energy Inc., Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 17 Table 11: Consol Energy Inc., Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 18 Table 12: Consol Energy Inc., Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 19 Table 13: Consol Energy Inc., Share Price Performance, 2011-2015 20 Table 14: Consol Energy Inc., Key Valuation Metrics, 2011-2015 21 Table 15: Consol Energy Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23 Table 16: Consol Energy Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25 Table 17: Consol Energy Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26 Table 18: Consol Energy Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Table 19: Consol Energy Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29 Table 20: Consol Energy Inc., Crude Oil Reserve Changes, mmbbl, 2011-2015 30 Table 21: Consol Energy Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Table 22: Consol Energy Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33 Table 23: Consol Energy Inc., Natural Gas Reserve Changes, bcf, 2011-2015 34 Table 24: Consol Energy Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 35 Table 25: Consol Energy Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37 Table 26: Consol Energy Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 38 Table 27: Consol Energy Inc., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39 Table 28: Consol Energy Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 41 Table 29: Consol Energy Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43 Table 30: Consol Energy Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 45 Table 31: Consol Energy Inc., Oil and Gas Production Replacement Ratio, %, 2011-2015 47 Table 32: Consol Energy Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 51 Table 33: Consol Energy Inc., Revenue and Expenses, US$ mil, 2011-2015 52 Table 34: Consol Energy Inc., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 57 Table 35: Consol Energy Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58 Table 36: Consol Energy Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 62 Table 37: Consol Energy Inc., Oil and Gas Performance Metrics, 2011-2015 63 Table 38: Consol Energy Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64 Table 39: Consol Energy Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 67 Table 40: Consol Energy Inc., Producible Oil and Gas Wells, 2011-2015 68 Table 41: Consol Energy Inc., Producible Oil and Gas Wells, By Country/Region, 2011-2015 70 Table 42: Consol Energy Inc., Exploratory and Developed Wells, 2011-2015 71 Table 43: Consol Energy Inc., Exploratory and Developed Wells, By Country/Region, 2011-2015 72 List of Figures Figure 1: Consol Energy Inc., Share Price Performance, USD/Share, Q2, 2015-Q2, 2016 9 Figure 2: Consol Energy Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q2, 2015-Q2, 2016 10 Figure 3: Consol Energy Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 11 Figure 4: Consol Energy Inc., Upstream Capital Expenditure, US$ mil, Q2, 2015-Q2, 2016 13 Figure 5: Consol Energy Inc., Total Crude Oil and Natural Gas, Production, mmboe, Q2, 2015-Q2, 2016 14 Figure 6: Consol Energy Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 15 Figure 7: Consol Energy Inc., Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 16 Figure 8: Consol Energy Inc., Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 17 Figure 9: Consol Energy Inc., Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 18 Figure 10: Consol Energy Inc., Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 19 Figure 11: Consol Energy Inc., Share Price Performance, USD/Share, 2011-2015 20 Figure 12: Consol Energy Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21 Figure 13: Consol Energy Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22 Figure 14: Consol Energy Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24 Figure 15: Consol Energy Inc., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24 Figure 16: Consol Energy Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26 Figure 17: Consol Energy Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Figure 18: Consol Energy Inc., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28 Figure 19: Consol Energy Inc., Oil Production, By Country/Region, mmbbl, 2011-2015 28 Figure 20: Consol Energy Inc., Crude Oil Reserve Changes, mmbbl, 2015 30 Figure 21: Consol Energy Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Figure 22: Consol Energy Inc., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32 Figure 23: Consol Energy Inc., Gas Production, By Country/Region, bcf, 2011-2015 32 Figure 24: Consol Energy Inc., Natural Gas Reserve Changes, bcf, 2015 34 Figure 25: Consol Energy Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 35 Figure 26: Consol Energy Inc., Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36 Figure 27: Consol Energy Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36 Figure 28: Consol Energy Inc., Oil Reserve Life Index, By Country/Region, Years, 2011-2015 37 Figure 29: Consol Energy Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 38 Figure 30: Consol Energy Inc., Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39 Figure 31: Consol Energy Inc., Development Costs, By Country/Region, US$ mil, 2011-2015 40 Figure 32: Consol Energy Inc., Exploration Costs, By Country/Region, US$ mil, 2011-2015 40 Figure 33: Consol Energy Inc., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42 Figure 34: Consol Energy Inc., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44 Figure 35: Consol Energy Inc., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44 Figure 36: Consol Energy Inc., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45 Figure 37: Consol Energy Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 46 Figure 38: Consol Energy Inc., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 48 Figure 39: Consol Energy Inc., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 48 Figure 40: Consol Energy Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49 Figure 41: Consol Energy Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49 Figure 42: Consol Energy Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 50 Figure 43: Consol Energy Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 50 Figure 44: Consol Energy Inc., Revenue and Expenses, US$ mil, 2011-2015 52 Figure 45: Consol Energy Inc., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53 Figure 46: Consol Energy Inc., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53 Figure 47: Consol Energy Inc., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54 Figure 48: Consol Energy Inc., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 54 Figure 49: Consol Energy Inc., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55 Figure 50: Consol Energy Inc., Production Costs, By Country/Region, US$ mil, 2011-2015 55 Figure 51: Consol Energy Inc., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56 Figure 52: Consol Energy Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58 Figure 53: Consol Energy Inc., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 59 Figure 54: Consol Energy Inc., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 59 Figure 55: Consol Energy Inc., Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 60 Figure 56: Consol Energy Inc., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 60 Figure 57: Consol Energy Inc., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 61 Figure 58: Consol Energy Inc., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 61 Figure 59: Consol Energy Inc., Oil and Gas Performance Metrics, 2011-2015 63 Figure 60: Consol Energy Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64 Figure 61: Consol Energy Inc., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65 Figure 62: Consol Energy Inc., Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65 Figure 63: Consol Energy Inc., Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 66 Figure 64: Consol Energy Inc., Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 66 Figure 65: Consol Energy Inc., Producible Oil and Gas Wells, 2011-2015 68 Figure 66: Consol Energy Inc., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 69 Figure 67: Consol Energy Inc., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 69 Figure 68: Consol Energy Inc., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 70 Figure 69: Consol Energy Inc., Exploratory and Developed Wells, 2011-2015 71