[ad_1]
PITTSBURGH, February 1, 2019 / PRNewswire / – CNX Resources Corporation (NYSE: CNX) released the following information tonight on its Shaw 1G Utica shale well in Washington Township, Westmoreland County, PA:
As part of our ongoing investigation into a recent pressure anomaly on the Shaw 1G well, CNX has begun to prepare for remediation and to stop the flow of gas beneath the surface.
We work and continue to work in close coordination with the municipal authorities of Westmoreland County (MAWC) and all relevant local and state stakeholders to ensure that the situation is handled safely and in an environmentally sound manner. There were no injuries and no impact on the local community or the environment. We immediately activated the appropriate resources and continued to take steps to protect the Beaver Run Reservoir and surrounding communities. Public health and safety are our top priorities.
Company staff and specialized consultants monitor existing gas wells nearby and continue to manage any potential gas communications with these wells.
All fracking operations on the Shaw platform remain suspended. We will provide other updates, if any.
About CNX Resources Corporation:
CNX Resources Corporation (NYSE: CNX) is one of the largest independent natural gas exploration, development and production companies. Its activities are concentrated in the main shale formations of the Appalachian basin. The company deploys an organic growth strategy focused on the responsible development of its resources. From December 31, 2017CNX had 7.6 trillion cubic feet of equivalent of proven natural gas reserves. The company is a member of the Standard & Poor's Midcap 400 Index. Additional information is available at www.cnx.com.
Caution
We include the following caveat in this press release to make it applicable and take advantage of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act, 1995. ) for any forward-looking statement we have made. Forward-looking statements (as defined in 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) involve risks and uncertainties that could cause a material difference between actual events and anticipated events, and Investors should not place undue reliance on forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the timing and success of our restoration activities and our efforts to provide updates of future events. The forward-looking statements in this press release speak only as of the date of this press release; we decline any obligation to update these statements. Factors that could cause a material difference between actual events and anticipated events are described in the "Risk Factors" section of our annual report on Form 10-K for the year ended December 31, 2017 filed with the Securities and Exchange Commission, supplemented by our quarterly reports on Form 10-Q.
contacts:
Media
Brian Aiello
(724) 485-3078
[email protected]
investors
Tyler Lewis
(724) 485-3157
[email protected]
SOURCE Corporation CNX Resources
Related Links
http://www.cnx.com
Source link
