CONSOL Energy (CNX) Announces Total Proved Reserves of 6.3 Tcfe
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CONSOL Energy Announces 11% Increase in Proved Reserves to 6.3 Tcfe
February 8, 2017 6:45 AM ESTPITTSBURGH, Feb. 8, 2017 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CNX) today announced total proved reserves of 6.3 Tcfe, as of December 31, 2016, which is an 11% increase compared to the previous year. Oil, condensate, and liquids account for 423 Bcfe, or 6.8%, of the 6.3 Tcfe total proved reserves, of which the Marcellus and Utica Shale represent 99% of these heavier hydrocarbons.
During 2016, CONSOL Energy added 720 Bcfe of proved reserves through extensions and discoveries, which resulted in CONSOL Energy replacing 183% of its 2016 net production of 394 Bcfe.
In 2016, total capital costs incurred were $165 million. Total capital costs incurred... More
