CONSOL Energy released their third quarter 2015 financial and operating results today. Among the highlights: After adjusting for “certain unusual items,” CONSOL “only” lost $64 million in 3Q15. Natural gas production was up 33% over the same period last year. But because the price of natural gas has been hammered so hard, CONSOL’s natgas revenue for the quarter was down $56 million over the same period last year. Below are select sections of update, including information about CONSOL’s first dry Utica well in Westmoreland County, PA…
CONSOL Energy released their third quarter 2015 financial and operating results today. Among the highlights: After adjusting for “certain unusual items,” CONSOL “only” lost $64 million in 3Q15. Natural gas production was up 33% over the same period last year. But because the price of natural gas has been hammered so hard, CONSOL’s natgas revenue for the quarter was down $56 million over the same period last year. Below are select sections of update, including information about CONSOL’s first dry Utica well in Westmoreland County, PA…