By Katelyn Ferrel
Consol Energy enters 2015 having for a year honed its natural gas operations and strategy.
The company began drilling at the Pittsburgh International Airport in July, corralled its natural gas pipeline operations in a spin-off partnership with Noble Energy in September and has plans to start a second one focused on its coal business.
Timothy C. Dugan is approaching his one-year anniversary as chief operating officer of gas with the company, helping to guide its emphasis on shale production. With a broad background in gas operations and management at Chesapeake Energy, Cabot Oil & Gas and EQT, the University of Pittsburgh alumnus returned to the area after working in Texas.
He spoke to the Trib about the company’s transformation. Here are edited excerpts.
Trib: Why did you come to Consol and how does your background influence the direction you’re taking?
Dugan: I saw that as a great opportunity. At the same time it gave my wife and I an opportunity to move back home.
We’re thrilled to be back in Pittsburgh, and I think I filled a need for Consol as they were making that transition. I bring to the table diversified exploration and production background. My background I think I was a great fit for this company because of where they are in the life cycle of being an exploration and production company. They’re going through a transformation. I bring a level of experience that has benefitted me and the company has benefitted from my experience. I think it’s been a good fit.
Trib: Where can Consol find efficiencies to get more gas out of wells but spend less money drilling?
Dugan: We are improving on that every day. We are seeing improving results on our wells; we’re seeing efficiencies from a productivity standpoint; we are drilling out wells, completing our wells in a much more efficient manner in less time the drilling time, (reducing) intervals in between drilling completion and production as much as possible.
Trib: Consol has made a concerted effort to pivot attention to gas, but with coal remaining a key part of its business. How will the new EPA rules to reduce carbon emissions from power plants affect Consol and the reliability of the grid?Read more