Consol Energy ups production, adds more wells in second quarter
Saturday, July 19, 2014
At the end of the second quarter, Consol Energy Inc. has increased production, added new wells and is planning to continue expanding operations in the Marcellus and Utica shale regions during the third and fourth quarters.
The Business Journal reports that in the second quarter alone, Consol Energy’s wells produced 51.9 billion cubic feet of natural gas. During the same quarter, Consol Energy drilled 11 wells in the Utica shale region and finished 12. In the Marcellus shale region, 48 new wells were put in place by the company and 51 wells were finished.
One advancement Consol Energy is making is completing wells more quickly than in the past. Wells are being drilled in a fewer number of days and more stages are finished in a day’s time.
Via: The Business Journal > Consol Energy Steps on the Gas in Southern Utica
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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.