CNX Resources (CNX) Reports 2018 Capital Budget of $790-$880 Million
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CNX Resources Corporation Announces 2018 Capital Budget of $790-$880 million and Operational Forecast; 35-Days of Data for the Aikens 5J and 5M Dry Utica Wells
January 9, 2018 6:45 AM ESTPITTSBURGH, Jan. 9, 2018 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX" or the company) announced today an updated 2018 capital expenditure forecast of $790-$880 million, excluding the recent acquisition of the general partner interest of CNX Midstream Partners LP (NYSE: CNXM) ("CNXM"). The 2018 budget includes $515-$580 million of drilling and completion ("D&C") capital and approximately $275-$300 million of capital associated with land, midstream, and water infrastructure. The 2018 D&C capital budget is allocated approximately 65% to the Marcellus Shale and 35% to the Utica Shale. Â
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