Shale Energy Law Blog

CONSOL Energy Inc. Provides Second Quarter Update

StreetInsider.com reports that CONSOL Energy Inc. (“CONSOL”) has provided an operations update for the second quarter, which ended on June 30, 2013.  The update notes that CONSOL drilled its first well into the Burkett formation, the deepest of formation of the Upper Devonian shale.  Other gas highlights include CONSOL producing 38.6 Bcfre for the second quarter, an increase of 3% from last year’s second quarter, and drilling 9 Marcellus Shale wells and 4 Utica Shale wells.  CONSOL expects its third quarter gas production to be approximately 43 to 45 Bcfe, which is an estimated 14% increase compared to its second quarter production.