- Consol Energy (NYSE:CNX -1.3%) raises the amount of its proved gas reserves to 6.8T cfe, a 1.1T cfe increase (19% Y/Y), which is more than quintuple the amount of gas the company produced in 2014.
- CNX says much of the increase in extension and discoveries result from its Marcellus Shale program, where it brought 53 new Marcellus wells into production during 2014.
- CNX says 2014 was a milestone, as its shale production grew to the point that it outstripped its coalbed methane production, long the primary source of its natural gas production.