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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

CNX Says Casing Possibly at Fault in Utica Well Incident

CNX Resources Corp. continues to investigate how it lost control of a deep, dry Utica Shale well in southwest Pennsylvania late last month, but the company revealed in a regulatory filing that it faulty casing could be to blame.

February 11, 2019
CNX Resources Details Cautious Plans for 2019

CNX Resources Details Cautious Plans for 2019

CNX Resources Corp. signaled a cautious approach for its operations this year, laying out a flexible plan for “minimum” activity that could increase if the natural gas outlook improves. The company also said Tuesday it successfully killed an unruly Utica Shale well in southwest Pennsylvania.

February 5, 2019

CNX Moves to Kill Unruly Utica Well in Southwest Pennsylvania

CNX Resources Corp. has started efforts to kill a deep, dry Utica Shale well in southwest Pennsylvania that it lost control of late last month.

February 4, 2019

CNX Expecting Appalachian Output to Rebound By Year’s End

CNX Resources Corp. expects production to peak in the fourth quarter now that the operational issues it faced earlier in the year have been resolved.

October 31, 2018

CNX Spending Increases on Well Issues, Water Costs

CNX Resources Corp. on Thursday said it would spend more this year, primarily to cover higher-than-expected water costs and take care of problems at some of its well sites in Appalachia.

August 3, 2018
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