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Bulk of CONSOL Energy’s 2014 Capex To Marcellus, Utica

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January 22, 2014

CONSOL Energy Inc. (NYSE: CNX) said Jan. 21 that most of its $1.5 million 2014 capex budget will target Marcellus and Utica shale liquids and dry gas sections. The company detailed how monies will be divided.

CONSOL has $1.1 billion going toward drilling and completions in the two shales, the company said. Some of this will be completed under joint ventures (JV), the company added.

Roughly half of the drilling capital will target the liquids-rich areas within these two plays, the company said. Dry-gas drilling will target Marcellus areas based ...

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