Consol's Marcellus and Utica Properties Deliver Significant Q3 Growth; Debt Reduction Continues
Consol Energy’s third-quarter results were highlighted by strong production growth from its exploration and production division--in particular the Marcellus and Utica--and continued progress in reducing leverage. As a result, and as previously indicated, management restarted drilling activity in the third quarter. The company remains committed to living within cash flow.ÂDuring the quarter, management also announced an agreement to separate its Marcellus Shale joint venture with Noble Energy, u...
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