CNX to spend about $800M in Marcellus, Utica shale regions
Monday, January 22, 2018
CNX Resources plant to spend between $790 million and $880 million on drilling in the Marcellus and Utica shale plays this year, adding a fourth drilling rig in the second half of the year, according to the Pittsburgh Business Times.
The company is expected to drill 75 wells in 2018. Sixty will be situated the Marcellus shale play in Pennsylvania and West Virginia and the remaining 15 will be in the Utica in Pennsylvania and Ohio.
This year the CNX expects to produce anywhere from 520 billion cubic feet to 550 billion cubic feet of natural gas, which is up 30 percent from the year before.
Learn more: Pittsburgh Business Times > CNX plans to spend about $800M to drill in 2018
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.