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CNX adding more drilling in 2019

Paul J. Gough
CNX adding more drilling in 2019

CNX Resources Corp. is adding to its drilling program for the year beyond the minimum amount that it had announced in January — and the increase is mostly in the Utica Shale where CNX has significant interest. CNX (NYSE: CNX) had begun 2019 with a cut of between 5 percent and 10 percent to its annual capital spending plan to between $750 million and $800 million. The majority of the capital spending would be in drilling in the Marcellus and Utica shales.