The Marcellus Shale - CNX Gas

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CNX Gas (CXG) released information on the productivity of horizontal versus vertical wells in the Marcellus Shale. A typical horizontal well in the Marcellus Shale has an initial production (IP) rate of 3.0 Mmcf per day, an Estimated Ultimate Recovery (EUR) of 3.0 Bcf, and costs $5.0 million.

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Tickers: CXG OIL

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