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CNX lowers Q3 production costs in Marcellus & Utica
During Q3, CNX Resources saw a year-over-year decline in production costs in its Appalachian operations. Marcellus costs fell 15 cents, or 7%, to $2.05/Mcfe due to lower lease operating expenses and lower depreciation, depletion and amortization. Notably, Q3 water disposal costs in the play improved because the company reused more produced water for fracs. In the Utica, production costs fell 52 cents, or 27%, YOY to $1.39/Mcfe in Q3. CNX continues to gain efficiencies drilling the dry Utica in southeast Pennsylvania,......
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