CONSOL Energy 4Q13 Update: Marcellus Production Up 56%
CONSOL Energy, the Pittsburgh-based coal mining company that’s transforming itself into a natural gas exploration company, issued an operational update this morning. According to the update, CONSOL’s fourth quarter Marcellus Shale gas production was up 56% over the same period a year ago. For all of 2013, CONSOL drilled 55 horizontal shale wells: 46 Marcellus Shale and nine Utica Shale wells. They completed 59 Marcellus Shale wells and 10 Utica Shale wells last year, and turned in line (switched on) 52 Marcellus Shale and two Utica Shale wells. And it’s full speed ahead for 2014.
Here’s the full update with details of where CONSOL is drilling and how they’re doing: