CNX Resources adjusts 2024 production and capital expenditures due to weak natural gas prices.
CNX Resources, a natural gas company, adjusts production and guidance due to weak natural gas prices. Delaying completions activities on three Marcellus Shale pads with 11 wells, the company now expects 2024 production volumes between 540-560 Bcfe, down 30 Bcfe from previous guidance. Total capital expenditures for 2024 are expected to be $525-$575m, a $50m reduction from the midpoint of prior guidance.
March 12, 2024
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