CONSOL Energy (CNX) reported operational data on the development of the Marcellus Shale for the first six months of 2011.
CONSOL Energy has drilled 40 Marcellus Shale wells to date in 2011, with 34 wells in Pennsylvania and 6 wells in West Virginia. The company plans to drill a total of 85 in 2011. CONSOL Energy reported that two additional land rigs are scheduled to start drilling for the company by 10/1/2011, boosting its operated rig count to six.
CONSOL Energy reported total natural gas production of 6 Bcf from the Marcellus Shale during the second quarter of 2011. This was a 161% increase from the same quarter in 2010.