CNX Resources, one of our favorite Marcellus/Utica drillers, issued an operational update yesterday with some interesting new information. Chief among the tidbits is the fact that CNX, beginning May 1, shut-in some of its production. Specifically around 375 million cubic feet per day (MMcf/d). The company expects that number to decline to 300 MMcf/d by July. After that, they’ll play it by ear.
CNX Resources, one of our favorite Marcellus/Utica drillers, issued an operational update yesterday with some interesting new information. Chief among the tidbits is the fact that CNX, beginning May 1, shut-in some of its production. Specifically around 375 million cubic feet per day (MMcf/d). The company expects that number to decline to 300 MMcf/d by July. After that, they’ll play it by ear.