CNX reports a strong first quarter
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Southpointe-based CNX released first-quarter results, showing strong production and cash flow.
The company produced 129.5 billions of feet of cubic equivalent. Production guidance for the year was maintained at 500 to 525 Bcfe.
Volumes driven by Utica was 43.5 Bcfe, 184 percent increase from 15.3 Bcfe in firsdt quarter of 2017.
The average sales price was $3.00 per Mcfe, or $2.96 per Mcf for gas before hedges.