How we are fueling America forward.
Appalachian natural gas is a catalyst fuel for today and tomorrow. As one of the largest independent natural gas exploration, development, and production companies in the Appalachian Basin, CNX has access to 9.81 trillion cubic feet equivalents of clean-burning natural gas reserves.
With a strategic acreage footprint in both the Marcellus and Utica shales, CNX is at the forefront of providing abundant, reliable, and affordable energy to power and transform American industries for generations to come.
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Summary of Properties as of December 31, 2022
||Estimated Net Proved Reserves (MMcfe) 1
||Net Producing Wells (including oil and gob wells)
||Total Net Acres 2
1 Additional reserve information can be found in CNX's latest annual report on Form 10-K filed with the Securities & Exchange Commission. Amount excludes probable and possible reserves.
2Net 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.
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.