CNX to ease natural gas shut-in in Appalachian Basin
Wednesday, June 17, 2020
CNX Resources has shut-in 375 million cubic feet per day of natural gas production in the Appalachian Basin since May 1, but its planning on easing up by July, according to Kallanish Energy.
The Pittsburgh-based company anticipates the volume of natural gas shut-in to decline to about 300 MMcf per day by July, and plans to adjust from there as conditions warrant.
According to a CNX statement, the decision to shut-in production will result in more than $30 million in incremental free cash flow over the next few years if the wells are turned back online by Nov. 1.
Learn more: Kallanish Energy > CNX to ease production shut-in in Appalachian Basin
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.