Exploration & Production | Well Cost | Drilling / Well Results | Top Story
Consol Cuts Costs at Marcellus, Utica Gas Projects; Outlines Status
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CONSOL Energy Inc. has reported an operations update for the quarter ended December 31, 2013.
J. Brett Harvey, chairman and CEO, commented: "Despite the potential for distractions during a quarter with a major asset transaction, CONSOL Energy's gas operations and mines performed with distinction. In natural gas, we again set quarterly and annual production records, while positioning ourselves to accelerate production growth in 2014. Our culture of continuous improvement yielded improved completion techniques in the Marcellus Shale, as well as substantial improvements for drilling costs per lateral foot, on an annual basis. Our coal mines ran well in the quarter as we also work to complete, in early 2014, three major projects, which are detailed below."
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