Monday, July 16, 2012

Good News From The Marcellus

News of a great new well is always welcome.  Congratulations Consul!

Consol says Pennsylvania Marcellus well is its most prolific

Washington (Platts)--13Jul2012/323 pm EDT/1923 GMT

Consol Energy said Friday that a Marcellus Shale well it drilled in Westmoreland County, Pennsylvania, achieved a peak 24-hour production rate of 17,900 Mcf, the highest of any well in the company's history.
The Pittsburgh-based company also said it drilled 17 Marcellus wells in the second quarter and placed 18 online.

Consol said its 2012 gas production guidance is 157 to 159 Bcf net to Consol, with third-quarter gas production expected to be 40 to 42 Bcf.

The company, which is also a major Appalachian coal producer, said its gas division for the first time used water from coal mines for hydraulic fracturing. The three-well Morris 14 pad in southwestern Pennsylvania was fracked with a 10% blend of mine-sourced water. The pad came on line in early July and was producing at an initial rate of 18,000 Mcf/d.

--Rodney White, --Edited by Linsey Isaacs,

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