Tim Dugan, executive vice president and COO of CNX Resources Corp., said his company has “great confidence” in the Utica Shale play, with plans to drill 16 wells over the next two years. The 154-year-old Canonsburg, Pa.-based company recently began operations in the Utica play in eastern Ohio, where it built upon its experience in Southwestern Pennsylvania.

“During the past several years, [CNX Resources] has made significant advances in technology, reducing inefficiencies, cost and cycle time,” Dugan told attendees gathered for Hart Energy’s recent DUG East conference and exhibition. As of second quarter 2019, CNX Resources had five rigs running with a total production of 1.4 billion cubic feet per day (Bcf/d).

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