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CNX Increases Spending to Stay Ahead of Inflation

CNX Increases Spending to Stay Ahead of Inflation

CNX Resources Corp. will increase this year’s capital expenditures (capex) as it battles through inflationary pressures and works to keep its operations stable heading into next year. The Appalachian pure-play is now guiding for a 2022 capex range of $550-590 million, up $70 million at the midpoint from its previous forecast.  “We are planning to…

August 1, 2022
CNX Tech to Produce LNG, CNG at Pittsburgh Airport

CNX Tech to Produce LNG, CNG at Pittsburgh Airport

Pittsburgh International Airport, known to fliers by the three-digit code PIT, is stepping up its natural gas development partnership with Appalachian Basin-focused independent CNX Resources Corp. PIT and CNX last month launched another phase of their public-private partnership, which includes a revenue-sharing deal for CNX-operated Marcellus Shale wells on airport property and a 20-MW natural…

June 9, 2022
Southwestern, CNX See Challenges, Advantages in Meeting Growing LNG Demand

Southwestern, CNX See Challenges, Advantages in Meeting Growing LNG Demand

The world’s growing appetite for U.S. liquefied natural gas (LNG) continued to take center stage during earnings calls at two more of the nation’s top exploration and production companies, with management at both acknowledging the opportunities and challenges that come with meeting rising demand. Southwestern Energy Co. said Friday it’s already sending a third of…

May 2, 2022
CNX Extends Contract for Electric Fracturing Fleet in Appalachia

CNX Extends Contract for Electric Fracturing Fleet in Appalachia

CNX Resources Corp. said Tuesday it would extend a long-term agreement with Evolution Well Services to continue utilizing an all-electric fracturing fleet in the Appalachian Basin. COO Chad Griffith said after four years of working with Evolution’s fleet the “safety, environmental and efficiency benefits” have been clearly demonstrated. CNX holds more than one million Marcellus…

April 27, 2022
CNX Chief Discusses the Future of U.S. Natural Gas – Listen Now to NGI’s Hub & Flow

CNX Chief Discusses the Future of U.S. Natural Gas – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow podcast. Nick DeIuliis, the CEO of Appalachian producer CNX Resources Corp, joins NGI’s Senior LNG Editor Jamison Cocklin to discuss the intersection of politics, energy and the future of natural gas in the United States and beyond.  The conversation focuses on the…

March 14, 2022

CNX Increases Proved Reserves 7% on Continued Marcellus, Utica Development

Appalachian pure-play CNX Resources Corp. increased its total proved reserves 7% year/year to 8.43 Tcfe as of the end of the fourth quarter, replacing more than 300% of its 2019 net production, management said Monday.

February 10, 2020

Pittsburgh International Airport to Tap Marcellus Shale for Microgrid

Pittsburgh International Airport (PIA) has awarded a 20-year contract to utility Peoples Natural Gas to build and operate a microgrid to power its entire campus.

October 21, 2019

CNX Resources to Slash 2020 Spending in Effort to Navigate Latest Downturn

Appalachian pure-play CNX Resources Corp. on Tuesday joined the chorus in acknowledging that tough times are ahead for the oil and gas industry, laying out a plan to cut year/year drilling and completion (D&C) spending by 33% in 2020.

July 30, 2019

CNX Increases Spending to Carry More Utica Wells into 2020

CNX Resources Corp. said Tuesday it would increase spending this year and drill more wells that won’t come online and benefit the company until 2020, despite investors who continue to expect capital discipline.

April 30, 2019

Briefs — Arsenal Energy

Arsenal Resources holding company Arsenal Energy Holdings LLC (AEH) has emerged from bankruptcy in a pre-packaged plan of reorganization. It implemented a debt-for-equity exchange to wipe out $861 million of outstanding subordinated bonds. Arsenal noted when AEH filed for Chapter 11 bankruptcy protection that its exploration and production operations in Pennsylvania and West Virginia would not be affected. No other creditors were impacted by the proceedings.

February 19, 2019
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