CNX’s curtailments to end in November
Monday, August 3, 2020
CNX Resources Corp. curtailed and delayed production in May, responding to lower demand for fuels that caused by the coronavirus pandemic, Kallanish Energy. This curtailment is expected to end in November.
In the second quarter, CNX reported a net loss to shareholders of $146 million or 78 cents per share, which compares to earnings of $162.4 million or 85 cents a share in 2Q 2019.
Additionally, second-quarter production was 114.5 Bcfe, down from 134.5 Bcfe during the same period a year ago.
Learn more: Kallanish Energy > CNX Resources’ curtailments to end in November
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
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.
What are royalties?
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.