This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CONSOL Energy Announces Operations Update; Gas Division Sets Drilling Record With Rotary Steering Tool; Coal Exports Drive First Quarter Sales Above Guidance

Central Pa.:  Within the Central Pa. district, CONSOL drilled all five wells during the first quarter at the Kuhns 3 pad in the Mamont Field, located in Westmoreland County. The lateral lengths ranged from 4,768 feet to 10,684 feet. No wells were completed in Central Pa. during the first quarter. Completion work is expected to begin late in the second quarter on the five Kuhns wells and on the four-well Bowers pad located in southern Jefferson County, which is located at the northern end of CONSOL's Central Pa. leasehold. 

CONSOL Energy does not currently have any horizontal rigs drilling in Central Pa.   

Northern W.Va.: CONSOL did not drill any wells in West Virginia during the first quarter. One horizontal rig is currently mobilizing from Mamont Field to drill the six-well Philippi 13 pad in Barbour County. The Philippi 13 wells are expected to have an average lateral length of approximately 8,200 feet. After drilling the Philippi 13 pad, the company plans to drill a single well at the delineation pads in the Audra Field in southern Barbour County and the Century Field in northern Upshur County to test the productivity of CONSOL's extensive leasehold between the Philippi Field and the Alton Field in southern Upshur County. CONSOL expects to begin the completion work for all eight wells in the third quarter.   

Marcellus Shale Wet Gas (Noble Energy-operated):

In the wet gas portion of the Marcellus Shale, Noble Energy drilled thirteen wells during the first quarter. Twelve of the thirteen wells were drilled in Marshall County, W.Va.: the final well of the eleven-well WEB 4 pad; seven wells on the eleven-well SHL 8 pad; and four of the seven wells on the WFN 1 pad. Also, Noble Energy drilled one of the six wells on the NORM 1 pad located in Gilmer County.

Completion operations have commenced on the eleven-well WEB 4 pad where 106 of 228 frac stages, and five of the eleven wells, have been completed. Noble Energy expects the WEB 4 wells to be on-line by the end of the second quarter.

4 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,085.17 -289.59 -1.77%
S&P 500 1,919.66 -31.47 -1.61%
NASDAQ 4,679.4150 -54.0820 -1.14%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs