American Oil and Gas Reporter - August 2017 - 83
its coal mining and natural gas divisions
by the end of the year. "That will free
both entities," he remarks. "They won't
be competing for capital."
CONSOL has become a giant natural
gas producer with 6.3 Tcf equivalent of
proved reserves. Craig Neal, vice president
of operations for the E&P Division, says
CONSOL has reduced its leased acreage
slightly from a peak of 1.4 million acres
after a swap with Noble Energy. "But
we picked up core acreage in West Virginia," he says.
CONSOL is targeting both the Utica
and Marcellus shale in southeastern Ohio,
southwestern Pennsylvania and West Virginia.
"Through May, we had drilled 15 wells
with two horizontal rigs," he reports. "I
am proud that we have been able to take
a well to total depth about every 10 days."
CONSOL Energy's primary focus this
year has been in Monroe County, Oh.,
drilling dry gas Utica wells. Neal says the
company also has drilled two dry-gas Utica
wells in Westmoreland County, Pa., which
are offset from its successful Gaut pad.
"These are deeper wells," Neal states.
"The first well took 43 days to drill.
We drilled the second well in 34 days.
We expect to get that down to 25 days
or fewer. We also have drilled a couple
of Marcellus wells in Washington County, Pa."
He says CONSOL Energy has a mix
of Utica dry gas in southwestern Pennsylvania and Monroe County, Oh., and
the more liquids-rich Marcellus in southwestern Pennsylvania and West Virginia.
It also has some wet gas drilled-but-uncompleted wells in West Virginia that it
acquired in the Noble transaction.
Improved Efficiency
CONSOL Energy increased its production guidance for 2017, according to
Neal. In fact, it has doubled its Marcellus
well EURs. He says it has been able to
do that through a number of factors that
improve efficiency. For example, by reducing drilling and completion cycle
times, Neal says CONSOL has been
able to bring the average pad on line 30
days sooner.
"That reduces the time from when we
spend the first dollar to when the first
dollars come in," he imparts. "Another
contributing factor is reducing our production downtime by 72 percent. We
have been able to improve efficiency
without sacrificing our core value of
safety and compliance. We have kept
AUGUST 2017 83
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