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CNX Resources Ups Capex for 2021; Aims for 10% Production Growth YOY

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   |    Thursday,January 28,2021

CNX Resources has increased its capital plans for 2021

2021 Plan

- Capex: $430-470 million

  • Up $10 million at the midpoint (+2%) versus its prior $440MM capex
  • Down 8% from 2020 spending of $487MM

- Production: 540-570 Bcfe (1,480-1,521 Mmcfe/d)

  • Up 5 Bcfe at the midpoint (+1%) versus the prior plan of 550 Bcfe (1,507 Mmcfe/d)
  • Up 9% from 2020 production of 511 Bcfe (1,396 Mmcfe/d)

 


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