Consol Energy maintains strong production in Marcellus and Utica
Thursday, May 14, 2015
During the first quarter of 2015, Consol Energy produced 71.6 Bcf of natural gas in the Marcellus and Utica Shales. The Intelligencer / Wheeling News-Register reports that in 2014, the company produced 48.4 Bcf in the Marcellus and Utica. The increase in production totals 23.2 Bcf, which is enough natural gas to power 564,108 homes for a year.
Consol’s core Marcellus activity is in Greene, Washington and Allegheny counties in Pennsylvania. In Ohio, most of the Utica activity takes place in Monroe County.
Consol used to be known for its coal production. During the first quarter of 2015, the company produced 8.3 million tons in its five Appalachian mines. Today, Consol is focused on partnering with power plants that will be in service now and in the future. Another focus is on lowering capital and operating costs.
Via: The Intelligencer / Wheeling News-Register > Record Run Still Going Strong For Consol in Marcellus, Utica
More Consol news:
- Consol reports increase in production during first quarter April 30, 2015
- Consol Energy to lay off CNX gas division workers April 14, 2015
- Consol Energy ups production, adds more wells in second quarter July 19, 2014
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How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
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Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
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Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.