CONSOL Proved Reserves Up 44%, Marcellus the Key
MDN has reported this week on a flurry of proved and unproved reserves announcements. Range and Antero have proved reserves in the trillions of cubic feet, Rex Energy in the billions. Yesterday CONSOL Energy weighed in (me too! me too!) with their numbers. The CONSOL announcement, however, is a bit more interesting and enlightening than some of the others. They break it down by shale play/type of play and also run some EURs–Estimated Ultimate Recovery numbers for just how much they believe they’ll end up getting from all that drilling.
Here’s the interesting CONSOL announcement from yesterday about proved (and unproved) reserves and EURs, and the key role the Marcellus plays in the company’s future: