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Wednesday, October 16, 2013

CONSOL Releases Operations Update

From a CONSOL press release:
Ohio Utica Shale (CONSOL-operated):
During the third quarter, in the Utica Shale joint venture with Hess Corporation, CONSOL drilled three wells located on the NBL 19 pad in Noble County. The wells ranged in lateral length from 9,396 feet to 10,360 feet.
CONSOL completed three wells located on the NBL 11 pad in Noble County. 
CONSOL expects to turn in line the NBL 11 and NBL 33 pads, and the NBL 16A well early in 2014, while flowing production from the NBL 1A well is expected early in the fourth quarter of 2013. On September 20, 2013CONSOL Energyentered into a definitive agreement with Blue Racer Midstream to construct, own and operate gathering pipelines and facilities to support production with our joint venture partner, Hess Corporation. This agreement provides takeaway capacity for current Noble County activity to-date utilizing existing infrastructure in the area and, following additional construction, will support further development plans, which will allow for delivery of future Utica Shale production to market.
Consistent with previous guidance provided last quarter, CONSOL completed its 2013 drilling program in the Utica Shalewith a total of nine wells drilled. As a result, CONSOL is no longer operating a horizontal rig in the Utica Shale but has moved the rig to support further drilling activity in CONSOL's operating area of the Marcellus Shale. 
Ohio Utica Shale (Hess-operated):
During the third quarter, our joint venture partner, Hess Corporation, drilled two wells in Guernsey County.
Hess completed four wells at their Oxford A pad and also turned in line the Athens A 1H-24 well located in Harrison County.
Hess is currently operating two horizontal rigs on JV acreage. Their current activity level is consistent with guidance provided last quarter.
Read the whole report here. 

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