CNX Gas (CXG) reported on its recent activities in the Chattanooga Shale for the first quarter of 2010. The company drilled 13 horizontal wells in the Chattanooga Shale, and expects to drill a total of 25 wells during 2010. The total cost to drill these wells will be $28 million, or $1.12 million per well.
CNX Gas is no longer an independent company and was purchased by CONSOL Energy (CNX) in early 2010.
Looks like it may be a company worth inveting in. Worth looking at the finacials.
Posted by: MOT Type 1 | 09/14/2011 at 01:15 AM