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ES - CNX Resources Highlights - February 18, 2020
CNX Resources plans to spend $530-610 million in 2020, down from a prior target of $570-650 million; 2019 spending was $876 million. D&C capex was revised to $360-410 million from $400-450 million. Production expectations for the year were lowered from 1.47-1.55 Bcfe/d to 1.44-1.52 Bcfe/d, which will keep volumes flat. CNX will run up to two rigs and one frac crew, maintaining the pace it operated in Q4. A total of $200 million in......
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