CONSOL Raises Fourth Quarter Gas Production Guidance to 38 - 40 Bcf
CONSOL Energy Inc. (NYSE: CNX) has achieved an important milestone in its Gas Division. On a gross basis, before deducting royalty volumes and joint venture volumes, the Gas Division recently achieved gas production in excess of 500 MMcf per day.
The achievement was primarily the result of the growth in the company's very successful Marcellus Shale program and the ongoing maintenance of volumes in the company's coalbed methane and conventional gas production areas.
CONSOL Energy, with the success in the Marcellus Shale program, is raising its fourth quarter gas production estimate to 38 – 40 Bcf.
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