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                        RALPH E. DAVIS ASSOCIATES, INC.


                                  [LOGO]

                              February 12, 1996


CONSOLIDATED NATURAL GAS COMPANY
CNG Tower
625 Liberty Avenue
Pittsburgh, Pennsylvania   15222-3199

                       Report Covering Natural Gas Supply
                             And Owned Oil Reserves
                                December 31, 1995        
                       ----------------------------------

Gentlemen:

     Consolidated Natural Gas Company, through its subsidiaries (collectively
Consolidated or the Company) is engaged in exploring for, developing, producing,
purchasing, gathering, transporting, storing and distributing natural gas,
together with by-product operations.  The principal market area of the
Company's retail operations is in Ohio, Pennsylvania, Virginia and West
Virginia.  Consolidated operates a regional interstate pipeline system that
supplies natural gas to affiliates, and to utilities and end-users in the
Midwest, Mid-Atlantic states and the Northeast.  Exploration and production
activities are carried on primarily in the Appalachian area, the Gulf Coast area
(including offshore), the Mid-Continent area, the Permian Basin area, the Rocky
Mountain area and in Canada.

     The history of the operations in the Appalachian area covers a period of
over 100 years.  Prior to 1943, Consolidated's gas supply was obtained from
company-owned production and by purchase from fields located within the
Appalachian area.  From 1943 to 1993 Consolidated purchased gas from pipeline
companies which obtained their gas supply from fields in the Gulf Coast and
Southwest.  Because of regulatory changes, Consolidated had been reducing the
volumes of gas purchased from pipeline companies since the mid-1980's.  In 1993,
all remaining long-term gas purchase contracts with pipelines were converted to
firm transport contracts as the result of Federal Energy Regulatory Commission
(FERC) Order 636.

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                                                RALPH E. DAVIS ASSOCIATES, INC.

Consolidated Natural Gas Company                              February 12, 1996
                                                                         Page 2


Consolidated now purchases gas under contracts with producers and marketers,
and also purchases gas on the spot market.  A substantial part of these gas
supplies are also obtained from fields in the Gulf Coast and Southwest.  Since
1957 Consolidated has also been engaged in exploration and production of gas in
Louisiana and the Texas Gulf Coast, including offshore.  During the twelve
months ended December 31, 1995 most of the gas produced and purchased by the
Company was obtained from the Southwest.  All gas volumes herein are stated at
a measuring base of 14.73 pounds per square inch absolute.

     Gas requirements for Consolidated (including Canadian sales) increased from
666 billion cubic feet in 1994 to 897 billion cubic feet in 1995.


                           APPALACHIAN AREA RESERVES

     Studies of the natural gas available from Appalachian gas fields lead us to
conclude that the Company may expect to obtain for a number of years a supply
from this area.  The development which has occurred in this natural gas province
has resulted in extensive drilling of shallow formations in much of the area.
The entire sedimentary section has not been adequately tested in the Appalachian
area and there is the possibility that natural gas is present in commercial
quantities below the known producing formations. Consolidated has participated
in programs to test deeper formations. Consolidated has also found that reentry
into old wells has been beneficial in finding commercial quantities behind pipe.

     We estimate Consolidated's proved reserves in the Appalachian fields, as of
December 31, 1995, to be 306 billion cubic feet (including CNG Producing
Company's Appalachian reserves) from company-owned wells and 573 billion cubic
feet from gas purchase wells, for a total of 879 billion cubic feet, exclusive
of gas in storage reservoirs.  Total additions to the reserves controlled by the
Company in the Appalachian fields have in the past been substantial.  It is
possible that future exploration and development will locate appreciable new
reserves.  In addition, subsidiary companies had remaining working interest oil
reserves estimated at 449,598 barrels (including CNG Producing Company's
Appalachian oil reserves) in the Appalachian area.

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                                                RALPH E. DAVIS ASSOCIATES, INC.

Consolidated Natural Gas Company                              February 12, 1996
                                                                         Page 3


                             CNG PRODUCING COMPANY

     CNG Producing Company is Consolidated's primary exploration and production
subsidiary.  As of December 31, 1995, the estimated proved working interest
reserves of CNG Producing Company are 830 billion cubic feet of gas and
45,653,418 barrels of crude oil and condensate.  The foregoing totals include
approximately 1 billion cubic feet of gas and 5,827,290 barrels of heavy oil
reserves in Canada.

     In the United States, CNG Producing Company has proved reserves in 10
states and the offshore area of the Gulf Coast.  The majority of CNG Producing
Company's United States reserves are in the Gulf Coast and Mid-Continent areas.
The estimated proved reserves in the United States are 829 billion cubic feet of
gas and 39,826,128 barrels of crude oil and condensate.

     The estimated Appalachian proved reserves as of December 31, 1995 for CNG
Producing Company, which are included in the total Appalachian reserves
disclosed earlier in this report, are 96 billion cubic feet of gas and 96,841
barrels of oil.  In addition to the Appalachian area, CNG Producing Company
conducts exploration and development programs in other areas, including the San
Juan Basin in New Mexico.  The San Juan Basin has a history of oil and gas
production from conventional sources, but recent interest in the area stems from
an unconventional source of gas supply.  This interest is the Fruitland Coal
formation, where CNG Producing Company and others are producing gas from the
coal beds.  The estimated San Juan Basin proved reserves of CNG Producing
Company as of December 31, 1995 are 6 billion cubic feet.

                                 SOUTHWEST GAS

     Pursuant to FERC Order 636, all long term gas supply contracts between
Consolidated and its previous pipeline suppliers have now been converted to firm
transportation agreements.  Consolidated's subsidiaries have replaced a portion
of these pipeline supplies with volumes obtained under gas supply contracts with
various gas producing companies and marketing groups. These gas supply contracts
have remaining terms ranging from a few months

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                                                RALPH E. DAVIS ASSOCIATES, INC.

Consolidated Natural Gas Company                               February 12, 1996
                                                                          Page 4


to as long as nine (9) years.  Purchase entitlements under these contracts
total approximately 289 billion cubic feet, if all volumes are requested.  This
estimate gives no consideration to the estimated volumes of spot market gas
which may be purchased in the future.

                                  GAS STORAGE

     The Company owns and operates 26 gas storage fields, five of which are
owned and operated jointly with other companies.  One storage field is owned and
operated jointly with Texas Eastern, one with Tennessee, one with North Penn
Gas, one with both Tennessee and National Fuel Gas Supply Corporation, and
another with both Texas Eastern and Transcontinental. Consolidated's net
injected gas stored at December 31, 1995, was 460 billion cubic feet (including
53 billion cubic feet of remaining non-recoverable native gas, and 60 billion
cubic feet of non-recoverable base gas.)

     The proximity of these storage fields to principal markets and their high
deliverability are important factors in enabling the Company to meet peak loads
and daily requirements during the heating season, and permit the gas purchased
to be taken relatively uniformly in summer and winter.

     There are additional depleted, or nearly depleted, gas fields in the
Appalachian area which can be converted to storage fields if needed.

                            POTENTIAL SUPPLY SOURCES

     In order to meet the demands for gas in its market area over the long-term
future, Consolidated may need additional supplies over those available from the
sources discussed above.

     Canadian authorities have increased the volumes of gas which may be
imported into the United States.  Gas presently being imported from Canada is
principally obtained from provinces in Western Canada.  In the future, the
availability of additional gas will probably be dependent on gas from frontier
areas such as the MacKenzie Basin - Beaufort Sea area and/or the Arctic Islands.
Such additional gas from Canada may be available in part to Consolidated
directly or through other suppliers.

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                                                RALPH E. DAVIS ASSOCIATES, INC.

Consolidated Natural Gas Company                               February 12, 1996
                                                                          Page 5


     Other potential sources of gas include Alaska, Mexico, liquefied natural
gas from abroad, synthetic gas from coal or other feed stock and additional
coalbed methane.

                            SUMMARY AND CONCLUSIONS

     We have estimated proved working interest crude oil and condensate reserves
owned by Consolidated from sources in the United States and Canada at 46,006,176
barrels as of December 31, 1995 as follows:

<TABLE>
<CAPTION>
                                                Stock Tank Barrels
                                                ------------------
<S>                                                <C>
Appalachian Field Reserves                             352,758
--------------------------                                             

CNG Producing Company
---------------------
    Southwest                                       45,556,577
    Appalachian                                         96,841
                                                    ----------
                 Sub Total                          45,653,418

TOTAL - OWNED OIL AND CONDENSATE RESERVES           46,006,176
</TABLE>

     We have estimated the gas reserves available to Consolidated from sources
in the United States and Canada at 2,362 billion cubic feet as of December 31,
1995 as follows:

<TABLE>
<CAPTION>
                                                      Billion
                                                     Cubic Feet
                                                    at 14.73 psia
                                                    -------------
<S>                                                  <C>
Appalachian Field Reserves
--------------------------

     Company-Owned Wells                                  210
     Gas Purchase Contract Wells                          573
     Gas in Storage Reservoirs                            460
                                                        -----
          Sub-Total                                     1,243

CNG Producing Company Reserves
------------------------------
     Company-Owned Wells
          Southwest                                       734
          Appalachian                                      96
                                                          ---
               Sub-Total                                  830


Gas Supply Contracts                                      289
--------------------                                                  

TOTAL - CONTROLLED GAS RESERVES                         2,362
</TABLE>

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                                                RALPH E. DAVIS ASSOCIATES, INC.

Consolidated Natural Gas Company                               February 12, 1996
                                                                          Page 6


     Consolidated's requirements for the twelve months ended December 31, 1995,
including sales of gas produced in Canada, were approximately 897 billion cubic
feet.

     Additional supplies are expected to become available from the Appalachian
area, the Gulf Coast and other areas and from company-owned reserves.

     Potential sources of supply include additional gas from Canada, Mexico and
Alaska, liquefied natural gas from abroad, gas from the reforming of liquid
hydrocarbons such as naphtha and oil, gas from coal gasification and coalbed
methane.

     The time at which these additional supplies will become available cannot be
definitely predicted.  However, Consolidated is in a favorable position to
secure gas supplies from many directions, including its proven reserves, the
volume of gas in underground storage, the prospects for additional supplies from
its traditional supply areas, the several potential supply sources and the
Company's own program to augment its supply.


                                        Yours very truly,

                                        RALPH E. DAVIS ASSOCIATES, INC.


                                        /s/ THOMAS N. SUDDERTH
                                        -------------------------------
                                        Thomas N. Sudderth
                                        President

TNS:sw
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                        RALPH E. DAVIS ASSOCIATES, INC.


                                   [LOGO]

                                March 22, 1996



                       CONSENT OF INDEPENDENT GEOLOGISTS


     We hereby consent to the use of our report dated February 12, 1996,
relating to the total gas supply and Company-owned oil and gas reserves of
Consolidated Natural Gas Company, to be filed as an Exhibit to Consolidated
Natural Gas Company's Annual Report on Form 10-K for the year ended December 31,
1995.  We further consent to the filing hereof as an Exhibit to said Annual
Report on Form 10-K.

     We also consent to the incorporation by reference into (i) the Registration
Statements on Form S-3 (Nos. 33-1040, 33-52585 and 33-63931) and Form S-8 (Nos.
2-77204, 2-97948, 33-40478 and 33-44892) of Consolidated Natural Gas Company,
and (ii) the prospectuses made a part thereof, of our estimates of Company-owned
oil and gas reserves in the United States and Canada included in Consolidated
Natural Gas Company's Annual Report on Form 10-K for the year ended December 31,
1995.  We also consent to the references to us under the heading "Experts" in
such Prospectuses.


                                                /s/ THOMAS N. SUDDERTH
                                               --------------------------
                                                    Thomas N. Sudderth