Consol Energy reports operational loss, increased production
Friday, July 31, 2015
Earlier in July, Consol Energy Inc. expected to post operational losses for the second quarter. Now, the numbers are in and the company’s net loss totaled $603 million, according to Market Watch. Consol’s adjusted loss was $84 million for the year’s second quarter.
The company’s exploration and production division boasted 75.5 Bcfe for the second quarter. This record production compares to the first quarter’s production of 51.9 Bcfe.
In the Marcellus Shale, Consol’s second quarter production volumes sat at 39.0 Bcfe, while Utica production volumes were at 10.6 Bcfe.
Via: Market Watch > CONSOL Energy Reports Second Quarter Results
Recent Consol Energy news:
- Consol investor suggests changes to natural gas holdings during market slump July 26, 2015
- Consol expects to post losses during second quarter July 21, 2015
- Consol considers changing up Pittsburgh Airport drilling plan June 28, 2015
- Consol Energy maintains strong production in Marcellus and Utica May 14, 2015
- Consol reports increase in production during first quarter April 30, 2015
- Consol Energy to lay off CNX gas division workers April 14, 2015
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