Exploration & Production | Top Story | Quarterly / Earnings Reports
CONSOL Hits 46.1 Bcfe in Q3 Production; Grows Marcellus Rig Count
Print
|
CONSOL Energy Inc. has reported an operations update for the quarter ended September 30, 2013.
The company produced and sold more gas and coal during the quarter than expected. CONSOL also signed a definitive agreement for infrastructure build-out in the Utica Shale, in Noble County, Ohio.
CONSOL's Gas Division produced 46.1 Bcfe for the 2013 third quarter, or 17% more than the 39.5 Bcfe produced in the 2012 third quarter. Third quarter production guidance had been 43 − 45 Bcfe. The 2013 third quarter production included 491 MMcf per day of natural gas, 397 barrels per day of oil/condensates, and 1,340 barrels per day of NGLs (all figures are net to CONSOL).
J. Brett Harvey, Chairman and CEO, commented: "Our gas production growth is beginning to accelerate as we and our Marcellus Shale…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations