Consolidated Energy (CNX)

[OilStockReport]

Thoughts on the Utica Shale?

CONSOL Energy (CNX) is a leading diversified energy producer and is generally thought of as just a coal producer but they are also the leading natural gas producer in the eastern United States (largely based on their 2010 acquisition of the Dominion Resources operation). CONSOL controls 675,000 net acres in the Marcellus and another 200,000 net acres in the Ohio Utica Shale. CONSOL has drilled and successfully tested one vertical Utica completion this year in Ohio and plans six more Utica wells before the end of the year.