Supplemental Gas Data (Tables)
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12 Months Ended |
Dec. 31, 2012
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SUPPLEMENTAL GAS DATA: [Abstract] |
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Standardized Measure of Discounted Future Cash Flows Relating to Proved Reserves Disclosure [Table Text Block] |
The standardized measure is intended to provide a better means for comparing the value of CONSOL Energy's proved reserves at a given time with those of other gas producing companies than is provided by a comparison of raw proved reserve quantities. | | | | | | | | | | | | | | | | December 31, | | | 2012 | | 2011 | | 2010 | Future Cash Flows: | | | | | | | Revenues | | $ | 11,777,550 |
| | $ | 14,804,398 |
| | $ | 16,723,795 |
| Production costs | | (4,823,670 | ) | | (5,262,635 | ) | | (5,175,563 | ) | Development costs | | (2,450,589 | ) | | (1,674,829 | ) | | (2,720,243 | ) | Income tax expense | | (1,711,251 | ) | | (2,989,435 | ) | | (3,354,444 | ) | Future Net Cash Flows | | 2,792,040 |
| | 4,877,499 |
| | 5,473,545 |
| Discounted to present value at a 10% annual rate | | (2,055,834 | ) | | (3,130,318 | ) | | (3,812,724 | ) | Total standardized measure of discounted net cash flows | | $ | 736,206 |
| | $ | 1,747,181 |
| | $ | 1,660,821 |
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The following are the principal sources of change in the standardized measure of discounted future net cash flows for consolidated operations during: | | | | | | | | | | | | | | | | December 31, | | | 2012 | | 2011 | | 2010 | Balance at beginning of period | | $ | 1,747,181 |
| | $ | 1,660,821 |
| | $ | 894,351 |
| Net changes in sales prices and production costs | | (1,480,573 | ) | | (339,098 | ) | | 721,997 |
| Sales net of production costs | | (104,518 | ) | | (217,186 | ) | | (286,883 | ) | Net change due to revisions in quantity estimates | | (104,158 | ) | | (83,580 | ) | | 414,704 |
| Net change due to extensions, discoveries and improved recovery | | 14,645 |
| | 324,755 |
| | 326,584 |
| Net change due to (divestiture) acquisition | | — |
| | (559,132 | ) | | 500,376 |
| Development costs incurred during the period | | 333,640 |
| | 463,401 |
| | 295,142 |
| Difference in previously estimated development costs compared to actual costs incurred during the period | | (96,749 | ) | | 154,137 |
| | (12,060 | ) | Changes in estimated future development costs | | (153,104 | ) | | 155,619 |
| | (426,870 | ) | Net change in future income taxes | | 619,045 |
| | 130,746 |
| | (612,114 | ) | Accretion of discount and other | | (39,203 | ) | | 56,698 |
| | (154,406 | ) | Total discounted cash flow at end of period | | $ | 736,206 |
| | $ | 1,747,181 |
| | $ | 1,660,821 |
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Capitalized Costs Relating to Oil and Gas Producing Activities Disclosure [Table Text Block] |
Capitalized Costs: | | | | | | | | | | | | As of December 31, | | | 2012 | | 2011 | Proven properties | | $ | 1,549,773 |
| | $ | 1,495,772 |
| Unproven properties | | 1,266,444 |
| | 1,258,455 |
| Wells and related equipment | | 2,113,414 |
| | 1,755,617 |
| Gathering assets | | 1,006,882 |
| | 963,494 |
| Total Property, Plant and Equipment | | 5,936,513 |
| | 5,473,338 |
| Accumulated Depreciation, Depletion and Amortization | | (953,873 | ) | | (773,027 | ) | Net Capitalized Costs | | $ | 4,982,640 |
| | $ | 4,700,311 |
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Cost Incurred in Oil and Gas Property Acquisition, Exploration, and Development Activities Disclosure [Table Text Block] |
Costs incurred for property acquisition, exploration and development (*): | | | | | | | | | | | | | | | | For the Years Ended December 31, | | | 2012 | | 2011 | | 2010 | Property acquisitions | | | | | | | Proven properties | | $ | 50,005 |
| | $ | 6,673 |
| | $ | 1,476,470 |
| Unproven properties | | 28,634 |
| | 58,731 |
| | 1,922,334 |
| Development | | 339,608 |
| | 463,401 |
| | 472,691 |
| Exploration | | 130,312 |
| | 131,419 |
| | 58,655 |
| Total | | $ | 548,559 |
| | $ | 660,224 |
| | $ | 3,930,150 |
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__________ | | (*) | Includes costs incurred whether capitalized or expensed. |
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Results of Operations for Oil and Gas Producing Activities Disclosure [Table Text Block] |
Results of Operations for Producing Activities: | | | | | | | | | | | | | | | | For the Years Ended December 31, | | | 2012 | | 2011 | | 2010 | Production Revenue | | $ | 660,442 |
| | $ | 751,767 |
| | $ | 745,809 |
| Royalty Interest Gas Revenue | | 49,405 |
| | 66,929 |
| | 62,869 |
| Purchased Gas Revenue | | 3,316 |
| | 4,344 |
| | 11,227 |
| Total Revenue | | 713,163 |
| | 823,040 |
| | 819,905 |
| Lifting Costs | | 90,835 |
| | 106,477 |
| | 64,820 |
| Ad Valorem, Severance & Other Taxes | | | | | | | Gathering Costs | | 160,575 |
| | 142,339 |
| | 127,927 |
| Royalty Interest Gas Costs | | 38,922 |
| | 59,377 |
| | 53,839 |
| Direct Administrative, Selling & Other Costs | | 47,567 |
| | 60,355 |
| | 63,941 |
| Other Costs | | 39,029 |
| | 18,095 |
| | 25,220 |
| Purchased Gas Costs | | 2,711 |
| | 3,831 |
| | 9,736 |
| DD&A | | 202,956 |
| | 206,821 |
| | 190,424 |
| Total Costs | | 608,740 |
| | 623,556 |
| | 559,148 |
| Pre-tax Operating Income | | 104,423 |
| | 199,484 |
| | 260,757 |
| Income Taxes | | 39,827 |
| | 79,873 |
| | 106,598 |
| Results of Operations for Producing Activities excluding Corporate and Interest Costs | | $ | 64,596 |
| | $ | 119,611 |
| | $ | 154,159 |
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Oil and Gas Net Production, Average Sales Price and Average Production Costs Disclosure [Table Text Block] |
The following is production, average sales price and average production costs, excluding ad valorem and severance taxes, per unit of production: | | | | | | | | | | | | | | | | For the Years Ended December 31, | | | 2012 | | 2011 | | 2010 | Production in million cubic feet | | 156,325 |
| | 153,504 |
| | 127,875 |
| Average gas sales price before effects of financial settlements (per thousand cubic feet) | | $ | 3.01 |
| | $ | 4.27 |
| | $ | 4.53 |
| Average effects of financial settlements (per thousand cubic feet) | | $ | 1.21 |
| | $ | 0.63 |
| | $ | 1.30 |
| Average gas sales price including effects of financial settlements (per thousand cubic feet) | | $ | 4.22 |
| | $ | 4.90 |
| | $ | 5.83 |
| Average lifting costs, excluding ad valorem and severance taxes (per thousand cubic feet) | | $ | 0.58 |
| | $ | 0.68 |
| | $ | 0.50 |
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Schedule of Gas and Oil Acreage [Table Text Block] |
Most of our development wells and proved acreage are located in Virginia, West Virginia and Pennsylvania. Some leases are beyond their primary term, but these leases are extended in accordance with their terms as long as certain drilling commitments or other term commitments are satisfied. The following table sets forth, at December 31, 2012, the number of producing wells, developed acreage and undeveloped acreage: | | | | | | | | | | Gross | | Net(1) | Producing Wells (including gob wells) | | 14,906 |
| | 12,819 |
| Proved Developed Acreage | | 555,160 |
| | 465,392 |
| Proved Undeveloped Acreage | | 118,384 |
| | 83,574 |
| Unproved Acreage | | 4,930,181 |
| | 4,038,515 |
| Total Acreage | | 5,603,725 |
| | 4,587,481 |
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____________ | | (1) | Net acres include acreage attributable to our working interests of 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. |
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Schedule of Proved Developed and Undeveloped Oil and Gas Reserve Quantities [Table Text Block] |
The gas reserve estimates are as follows: | | | | | | | | | | | | | Consolidated Operations | | | 2012 | | 2011 | | 2010 | Net Reserve Quantity (MMcfe) | | | | | | | Beginning reserves | | 3,480,027 |
| | 3,731,597 |
| | 1,911,391 |
| Price Changes | | (526,611 | ) | | (9,976 | ) | | 13,612 |
| Plan and other revisions (a) | | 241,989 |
| | (73,837 | ) | | 366,365 |
| Extensions and discoveries(b) | | 954,378 |
| | 517,178 |
| | 621,270 |
| Production | | (156,325 | ) | | (153,504 | ) | | (127,875 | ) | Purchases of reserves in-place | | — |
| | — |
| | 946,834 |
| Sale of reserves in-place | | — |
| | (531,431 | ) | | — |
| Ending reserves(c) | | 3,993,458 |
| | 3,480,027 |
| | 3,731,597 |
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__________ | | (a) | Plan and other revisions are due to corporate planning changes that affect the number of wells forecasted to be drilled in our various areas and reservoirs. These changes along with upward revisions attributable to efficiencies in operations and well performance had the total affect of a positive revision. |
| | (b) | Extensions and Discoveries are due to the addition of wells on our Marcellus Shale acreage more than one offset location away with reliable technology. |
| | (c) | Proved developed and proved undeveloped gas reserves are defined by SEC Rule 4.10(a) of Regulation S-X. Generally, these reserves would be commercially recovered under current economic conditions, operating methods and government regulations. CONSOL Energy cautions that there are many inherent uncertainties in estimating proved reserve quantities, projecting future production rates and timing of development expenditures. Proved oil and gas reserves are estimated quantities of natural gas which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operat |
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Schedule of Aging of Capitalized Exploratory Well Costs [Table Text Block] |
The following table represents the capitalized exploratory well cost activity as indicated: | | | | | | | | December 31, | | | 2012 | Costs pending the determination of proved reserves at December 31, 2012(a) | | | Less than one year | | $ | 11,736 |
| More than one year but less than five years | | 7 |
| More than five years | | 5,649 |
| Total | | $ | 17,392 |
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__________ | | (a) | Costs held in exploratory for more than one year represent exploration wells away from existing infrastructure. The additional planned exploration expenditures will allow us to invest in infrastructure to support these fields. There were no wells removed from the previous year-end schedule. |
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Capitalized Exploratory Well Costs, Roll Forward [Table Text Block] |
| | | | | | | | | | | | | | | | December 31, | | | 2012 | | 2011 | | 2010 | Costs reclassified to wells, equipment and facilities based on the determination of proved reserves | | $ | 14,447 |
| | $ | 189 |
| | $ | 93,482 |
| Costs expensed due to determination of dry hole or abandonment of project | | $ | 3,320 |
| | $ | 5,108 |
| | $ | 9,614 |
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