We are committed to providing the resources that power our communities and nation. And we are committed, as a company and as individuals, to doing our jobs in a way that positively impacts the communities in which we live and work.
CNX is a leader in the natural gas industry and one of the largest independent natural gas exploration, development and production companies in the Appalachian Basin. We have access to 8.43 trillion cubic feet equivalents of proved clean-burning natural gas reserves. With a leading acreage footprint in both the Marcellus and Utica shales, CNX is at the forefront of providing the energy to power America for generations to come.
1 Net acres include acreage attributable to our working interests in the properties. Additional adjustments (either increases or decreases) may be required as we further develop title to and further confirm our rights with respect to our various properties in anticipation of development. We believe that our assumptions and methodology in this regard are reasonable. See Risk Factors in Section 1A of Form 10-K.
2 Acreage amounts are only included under the target strata CNX expects to produce with the exception of certain CBM acres governed by separate leases, although the reported acres may include rights to multiple gas seams (e.g. we have rights to Marcellus segment that are disclosed under the Utica segment and we have rights to Utica segment that are disclosed under the Marcellus segment). We have reviewed our drilling plans and our acreage rights and used our best judgment to reflect the acres in the strata we expect to primarily produce. As more information is obtained or circumstances change, the acreage classification may change.
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