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
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
Shale FAQ
What are mineral rights?
Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.
Will I get free natural gas if I allow fracking on my property?
Maybe. It depends on your particular lease agreement. Some companies allow property owners a yearly free gas allowance. But, the process of connecting your property to the gas source may be more complicated. Some companies will provide a hookup, others require the landowner to provide one.