CONSOL Energy Doubles Marcellus Production in 1Q14
CONSOL Energy is early out of the chute with a heads up on their first quarter 2014 performance. The company says natural gas production for 1Q14 was 48.4 billion cubic feet equivalent (Bcfe), which is up 23% from 1Q13 (however Marcellus production doubled in the same period). CONSOL also said they are on track to produce 215 – 235 Bcfe by the end of this year.
A full operational report with all the details is coming April 29. In the meantime, here’s CONSOL’s short-and-sweet press release from Monday: