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Wayward well will cost driller $30M but won't impact others on pad

Paul J. Gough
Wayward well will cost driller $30M but won't impact others on pad

CNX Resources Corp. said the Utica well whose gas leaked during the hydraulic fracturing process last month cost about $30 million. The cost of the drilling and subsequent cleanup of the Shaw 1G well was included in a 14-page Powerpoint presentation CNX (NYSE: CNX) published Tuesday. Shaw 1G had what CNX called a subsurface pressure anomaly Jan. 25, stopping hydraulic fracturing and leading to rises in pressures in nearby shallow oil and gas wells.