Operator
CNX Resources
29 articles mentioning CNX Resources · Page 1 of 2
A Quarter of Quiet Strength: CNX’s Patient Ascent in Appalachia
In the heart of Appalachia, CNX Resources continued to methodically execute on a playbook built for resilience and long-term value. Q2 2025 marked the company’s 22nd consecutive quarter of free cash flow generation, a streak CEO...
CNX Resources Cut Frac Activity 50%, Talks 1st Quarter Activity
CNX Resources a marcellus operator provided an update on its first quarter 2024 activity. Activity quick Read - Reduced to 1 rig - Reduced from dedicated frac crew to a 1/2 (partially utilized completion crew) reduced...
CNX Resources Talks 2024 Rigs, Frac Crews & Well Count
As part of its 4Q 2023 results, CNX Resources provided some guidance on it's 2024 development plans. Here is what the company said. The program calls for 1 rig & 1 frac fleet to drill &...
CNX Resources Makes Executive Promotions
CNX Resources Corp. announced executive leadership promotions. Donald W. Rush, Chief Financial Officer, will assume the role of Chief Strategy Officer (CSO), and Alan K. Shepard, Vice President and Chief Accounting Officer, will be promoted to...
CNX Makes Management Changes, Adds New Board Member
CNX Resources Corp. announced the addition of a new member of the Company's Board of Directors and the strengthening of its Executive Management Team. Additions to the CNX Board and Executive Management Team are as follows:...
CNX Resources Details Year-End Reserves; Up 13% YOY
CNX Resources Corp. reported total proved reserves of 9.55 Tcfe, as of December 31, 2020, which is a 13% increase compared to the previous year. CNX organically added 2,247 Bcfe of proved reserves through extensions and...
CNX Resources Ups Capex for 2021; Aims for 10% Production Growth YOY
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:...
CNX Resources Third Quarter 2020 Results
CNX Resources reported its Q3 2020 results. Production & Drilling Summary Guidance Hedges Financials Cash flows from operating activities changed in the period-to-period comparison primarily due to the following items: Net income decreased $897 million in...
EQT Corp. Making Moves to Buy Rival CNX Resources
EQT Corp. is pursuing avenues to acquire its Appalachia-focused rival CNX Resources, according to a report by Bloomberg. Citing two people familiar with the matter, the report states that a takeover offer was submitted by EQT...
CNX Resources Second Quarter 2020 Results
CNX Resources Corp. reported its Q2 2020 results. Q2 Highlights: Reported a net loss attributable to CNX shareholders of $146 million, or a loss of $0.78 per diluted share, including an unrealized loss on commodity derivative...
Operator Touts Millions In Savings From New Frac Technology
As a result of deploying new technologies the company is expecting its total well cost to be reduced by 23%.
CNX Q1: 2020 Capex Cut; Plans 'Maintenance Capital' Strategy Through 2026
CNX Resources Corp. reported its Q1 2020 results. Below are the highlights from its report and conference call. Q1 Financial Highlights Free Cash of $115MM in Q1: CNX reported free cash of $115 million for Q1...
Operators Adopting Electric Frac Crews in 2020 Dev. Programs
More and more North East E&Ps are moving to Electric Frac Crews as a part of the frac spread mix. Range Resources recently signed an agreement with U.S. Well Services for a electric fleet in 2020....
Appalachian 2020 E&P Activity Tracker: Wells Planned, Capex Budgets
Cabot Oil & Gas released its preliminary 2020 spending and the details are what we expected. The company is opting to deploy its "maintenance" plan, which calls for $575 million in capex (a 20% decrease vs....
CNX Slashes Spending, Drilling for 2020; Talks Q4 Results
CNX Resources has detailed its 2020 capital plans. 2020 Plans For 2020, the company is reducing its full-year capital guidance by $40 million, primarily due to plan optimization and streamlined activity. This equates to a ~47%...
E&P Company Saves $250,000 Per Well Doing This
CNX Resources reported a bit of exciting news in its Q3 report. The company said it is saving some $180,000 per well on fuel cost alone by employing a all-electric fleet to complete its wells. The...
CNX Resources Guts 2020 Capital Budget; Down -42% vs 2019
CNX Resources provided a update on its 3Q 2019 operations. Here is quick read through During the third quarter of 2019: Production in the quarter was 1.3 BCFE/d up 8% Year over year, and down 2%...
Appalachian E&P; What to Expect in Second Half 2019
After combing through the Q2 2019 annoucements from Appalachian focused E&Ps, below are some interesting trends. 1. All E&Ps already spent more than 50% of their 2019 budgets so expect activity to slow in the later...
CNX Resources to Slow Completion Activity in 2H19
CNX Resources reported it’s most recent 2Q 2019 earnings report. Here the highlights: Production for the quarter was 1,347 Mmcfe/d; grew 10% Y/Y and remained flat sequentially. Capital expenditures were $329 MM, which now YTD represents...
CNX Sees Meager Output Increase Despite More Spending; DUCs to Fuel 2020 Growth
CNX Resources reported its Q1 2019 results. Despite ~30% Spending Increase, Output Only Up +3% Capital expenditures for Q1 were $299 million, compared to $232 million spent in the year-earlier quarter. Sales volumes of 133 Bcfe,...