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ES - CNX positioning itself for 2022-2026 maintenance phase - May 12, 2020
In anticipation of lower NGL, condensate and natural gas prices this summer, CNX Resources made revisions to its 2020 plans. D&C capex guidance has been lowered by 8%, or $30 million, to $330-380 million, and non-D&C E&P spending was reduced by $15 million to $75-85 million. Total consolidated capex, which includes CNX Midstream, is now expected to be $60 million lower at $470-550 million. With lower D&C spending, production guidance has been reduced to......
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