Exploration & Production | Top Story | Forecast - Production | Capital Markets | Capital Expenditure
Consol Unveils $1 Billion Marcellus 2015 Budget
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CONSOL Energy Inc. has unveiled its 2015 Capital Budget.
In 2015, CONSOL expects to invest approximately
$1.0 billion in its E&P Division, while maintaining its 30% year-over-year production growth targets for 2015 and 2016. $220 million in the Coal Division: $160 million in maintenance of production capital, and $60 million in land, safety, water, terminal operations, and other miscellaneous categories. 2015 E&P Capital BudgetThe $1.0 billion E&P budget consists of drilling and completion capital and midstream investments to continue building out the Marcellus Shale gathering systems, which are part of CONE Midstream Partners and will provide future dropdown opportunities.
As the year progresses, CONSOL will allocate capital expenditures across its operating areas in projects where…
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