Consol plans to add 3rd rig in 2018

Consol Energy Inc. plans to add another rig sometime next year.

The Canonsburg-based Consol (NYSE: CNX) has been running two rigs running for natural gas, one in western Pennsylvania and the other in the dry Utica Shale region of Monroe County, Ohio, about 60 miles southwest of Pittsburgh.

It’s another sign of improving fortunes in the natural gas industry, which has been smacked hard over the past few years by declining prices and less activity in both the Marcellus and Utica shales. Consol,…

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