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Natural Gas Market Bracing for Possible Early Storage Injection, Extended Price Decline 

Natural Gas Market Bracing for Possible Early Storage Injection, Extended Price Decline 

What remains of the official natural gas inventory withdrawal season could be limited by the possible net injection into natural gas stocks for the week of March 8. Amid already swollen natural gas supplies, an early injection, although not unprecedented, could send natural gas prices reeling. In its upcoming storage report, the U.S. Energy Information…

March 13, 2024
Natural Gas Futures Fall Hard in Reversal of Early Rally — MidDay Market Snapshot

Natural Gas Futures Fall Hard in Reversal of Early Rally — MidDay Market Snapshot

Natural gas futures pull back sharply from early highs as bears reassert control amid mild weather, storage glut April Nymex contract down to $1.696/MMBtu, off 6.3 cents, as of 2:21 p.m. ET Front month reached $1.823 high in morning trading after CNX Resources Corp. announced roughly 30 Bcfe production cut Swift reversal for prices started…

March 12, 2024
CNX Joins Appalachian Peers in Curbing Production to Combat Low Natural Gas Prices

CNX Joins Appalachian Peers in Curbing Production to Combat Low Natural Gas Prices

Appalachian Basin producer CNX Resources Corp. said Tuesday it is tapping the brakes on production growth and slashing output guidance for 2024 in response to the current natural gas price slump.  The Pittsburgh-based firm “will delay completions activities on three upcoming Marcellus Shale pads consisting of 11 wells to avoid bringing incremental volumes into the…

March 12, 2024
CNX Exploring LNG, CNG, Hydrogen Opportunities to Drive Appalachian E&P Growth

CNX Exploring LNG, CNG, Hydrogen Opportunities to Drive Appalachian E&P Growth

CNX Resources Corp. expects efficiencies and new wells in the Appalachian Basin to help lower costs and maintain natural gas output in the years ahead as it explores alternative fuels.  CNX, the first Lower 48 exploration and production (E&P) company to report fourth quarter earnings, said strong execution of last year’s program, along with more…

January 29, 2024
Long-Term Outlook ‘Never Been Brighter’ for Natural Gas, Says CNX’s Deluliis

Long-Term Outlook ‘Never Been Brighter’ for Natural Gas, Says CNX’s Deluliis

Appalachian Basin pure-play CNX Resources Corp. is bullish on the long-term prospects for natural gas prices and demand despite the current market slump, management said Thursday. CEO Nick Deluliis and his management team hosted a conference call to discuss second quarter earnings for Canonsburg, PA-based CNX. The company ranked No. 12 in natural gas volumes…

July 31, 2023
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
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