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Consol's Marcellus Output Up +17% YOY to 60.4 Bcfe; Utica Drops by -11%
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Consol Energy reported its Q3 2017 results. Highlights from its call / release include:
In Q3 2017, Consol sold 101.0 Bcfe, up +5% YOY, driven primarily from Marcellus Shale volumes Added Hedges: Gas hedges of 127 Bcf for the 2018 to 2021 period, and 169 Bcf of basis hedges for the same period. The company is ~62% hedged for 2018. TIL 29 wells in Q3 (16 Marcellus / 12 Utica / 1 Burkett Shale) Q4 Drilling: The company is on schedule to TIL 15 wells in the fourth quarter of 2017, including its Aikens 5J and 5M dry Utica Shale wells in Westmoreland County, Pennsylvania. 2018 Production Expectations2018 production guidance of 520 to 550 Bcfe. No other details released.
MarcellusQ3 production of 60.4 Bcfe, up +17% YOY
Drilled 16 Marcellus wells - seven Marcellus Shale wells located…
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