Consol Energy turns focus to Utica dry gas
Friday, June 24, 2016
Pittsburgh Business Times reports that Consol Energy is shifting its focus toward the Utica shale dry gas and away from the Marcellus shale wet gas.
Consol has not yet started drilling again in Ohio, Pennsylvania and West Virginia, as commodity prices are still low, but the company may begin drilling again later this year.
According to the source, Consol owns five of 10 of the top producing Utica gas wells, according to the most recent quarterly production data.
Read more: Pittsburgh Business Times > Consol puts focus on dry Utica play as wet-gas prices decline
Recent Consol news:
- Consol Energy reports first quarter loss – April 27, 2016
- Consol cuts 2016 natural gas budget – Jan. 11, 2016
- Utica Shale may become focus of some Marcellus drillers – Nov. 3, 2015
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