Despite low energy prices, Consol Energy expects to grow E&P output 30% in 2015/16

Despite oil prices having tested multiyear lows in recent months, which has seen many producers scrambling to cut costs in an effort to survive, US oil, gas and coal producer Consol Energy expects to continue expanding its exploration and production (E&P) division by 30% this year and again in 2016. After once being one of the largest US coal producers, Consol has, in recent years, undergone a strategic step change from predominantly being a coal producer to becoming a significant natural gas and oil producer.