A slide deck titled "Marcellus Marketing Supplementary Materials" issued by Cabot Oil & Gas as part of their 2Q13 update. The slides show a regional pipeline map of existing and future takeaway capacity in the northeast Marcellus region, along with charts showing current and future commitments to sell gas.

1. Marcellus Marketing
Supplementary Materials
July 24, 2013

2. Diversifying on Multiple Pipelines
Firm Transportation Arrangements
Long-Term Sales Agreements
(Firm Sales)
Investing in New Pipeline Projects
COG MARCELLUS MARKETING STRATEGY
Opportunistic Hedging Program
Slide 1

3. NY
VT NH
PA
NJ
CT
MA
RI
Iroquois
Millennium
Springville
TGP 200 Line
Canada
Boston
Hartford
Long
Island
Laser
TGP 300 Line
Transco
Constitution
New York
City
Charlotte
Current Markets
Tennessee Gas Pipeline (300)
Transco Gas Pipeline
Millennium Gas Pipeline
2015 Market Additions
Iroquois Pipeline
Tennessee Gas Pipeline (200)
TransCanada Pipeline (via Iroquois)
INTERSTATE PIPELINE MARKETS
Susquehanna
County
Slide 2

4. FIRM TRANSPORTATION AND LONG-TERM SALES CONTRACTS
Firm Transportation Contracts
2013 (current) 325 Mmcf per day
2014 (current / target) 325 Mmcf per day / 450 Mmcf per day
2015 (current / target)*** 875 Mmcf per day / 1 Bcf per day
Long-Term Sales Contracts (8-15 years in duration)
2013 (current) 325 Mmcf per day
2014 450 Mmcf per day
2015 615 Mmcf per day
– Long-term sales contracts include volumes COG moves under its customers’ firm capacity
– Long-term sales contract volumes will change going forward as new opportunities become available
***The increase from 2014 to 2015 includes 500 Mmcf/d of firm capacity associated with Constitution Pipeline
– Firm transportation contracts include volumes COG moves under its own firm capacity
– Targeted firm transportation volumes are subject to closing on agreements COG is currently negotiating
– 100% of COG’s volumes are gathered under a long-term firm agreement
Slide 3

5. INFRASTRUCTURE UPDATE
Maximum Interstate Delivery Capacity
Note: Capacity volumes above are indicative deliverability estimates for facilities that
are in place or planned for those periods; these are not production estimates.
Compression, Dehydration & Measurement Capacity
2013 2.2 Bcf per day
2014 3.4 Bcf per day
2015 3.7 Bcf per day
Slide 4

6. 2013 MARCELLUS SALES BY INDEX AND UNHEDGED REALIZED PRICING
COG 2013 Marcellus Sales By Index
Index
% of COG 2013
Marcellus Sales
NYMEX 65%
Dominion Transmission*** 19%
Columbia Gas Transmission 11%
Other 5%
***Approximately 70% of the volumes sold at Dominion Transmission pricing are hedged through 2013 (see following slide)
Slide 5
COG Unhedged Realized Marcellus Pricing
Period
Differential to NYMEX
($/Mcf)
Q1 2013 ($0.01)
Q2 2013 $0.01
July 2013 ($0.15)
Estimated August – December 2013 ($0.10 - $0.15)

7. HEDGE SUMMARY
2013 Natural Gas Collars
# of Total $/Mcf
Pricing Index Contracts Mcf/Day Floor Ceiling Duration
DOMINION 5 48,572 $3.76 $4.16 Jan 13 Dec 13
DOMINION 5 48,572 $3.86 $4.34 Jan 13 Dec 13
DOMINION 5 48,572 $5.15 $6.20 Jan 13 Dec 13
LDS NYMEX 10 97,144 $3.09 $4.12 Jan 13 Dec 13
LDS NYMEX 10 97,144 $3.35 $4.01 Jan 13 Dec 13
LDS NYMEX 5 48,572 $3.40 $4.12 Jan 13 Dec 13
LDS NYMEX 5 48,572 $3.60 $4.17 Jan 13 Dec 13
LDS NYMEX 5 48,572 $3.60 $3.99 Feb 13 Dec 13
LDS NYMEX 5 48,572 $3.60 $4.58 Mar 13 Dec 13
LDS NYMEX 5 48,572 $3.96 $4.41 Apr 13 Dec 13
LDS NYMEX 5 48,572 $3.96 $4.56 Apr 13 Dec 13
LDS NYMEX 5 48,572 $3.96 $4.63 May 13 Dec 13
LDS NYMEX 6 58,286 $4.37 $4.97 Jun 13 Dec 13
2013 Oil Swaps
# of Total $/Barrel
Pricing Index Contracts Bls/Day Fixed Price Duration
NYMEX 3 3,000 $101.90 Jan 13 Dec 13
2014 Natural Gas Collars
# of Total $/Mcf
Pricing Index Contracts Mcf/Day Floor Ceiling Duration
LDS NYMEX 5 48,572 $3.60 $4.58 Jan 14 Dec 14
LDS NYMEX 5 48,572 $3.86 $4.66 Jan 14 Dec 14
LDS NYMEX 5 48,572 $3.96 $4.56 Jan 14 Dec 14
LDS NYMEX 10 97,144 $4.12 $4.64 Jan 14 Dec 14
LDS NYMEX 5 48,572 $4.22 $4.78 Jan 14 Dec 14
LDS NYMEX 9 87,430 $4.37 $4.74 Jan 14 Dec 14
LDS NYMEX 6 58,286 $4.27 $4.72 Jan 14 Dec 14
Slide 6