CONSOL Energy (CNX) reported on recent activity in the Utica Shale in Ohio, where the company operates its own acreage and is also involved in a joint venture with Hess Corporation (HES).
CONSOL Energy completed its first horizontal well into the Utica Shale in Tuscarawas County, Ohio, and is currently evaluating the flow back and results of the well. This well was drilled outside of the joint venture.
CONSOL Energy and Hess did not drill any joint venture wells during the first quarter of 2012. The company expects to move a drilling rig to Noble County, Ohio, and drill the first horizontal well in that county.
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