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CNX Resources issued an update on its reserves yesterday. Of particular interest to most folks (in particular investors) are "proved reserves," which are volumes of oil and natural gas that geologic and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions. CNX says proved "developed" reserves at the end of 2022 were 6.2 Tcfe (trillion cubic feet equivalent). However, total reserves, which include Proved, Probable, and Possible Reserves (3P), equaled 11.7 Tcfe.
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