CNX Returned to Drilling & Fracking in 4Q25; Avg Prod. 1.65 Bcfe/d

Last week, CNX Resources issued its fourth quarter 2025 update. In 3Q25, the company did not drill, frack, or complete any new wells (see CNX Did Not Drill, Frack, or Complete Any Wells in 3Q25). The good news is that CNX returned to drilling and fracking in 4Q. The company drilled 12 new wells, fracked 10 wells, and turned-in-line (TIL) 6 wells. Production was 152.3 Bcfe (billion cubic feet equivalent) in 4Q25 — which works out to 1.65 Bcfe/d — up from 141.9 Bcfe last year (a 7% increase). The reason for the increase was that CNX closed on the purchase of Apex Energy during the first quarter of 2025, and Apex’s production numbers were fully added to CNX’s numbers beginning in 2Q25.

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