At times, the maximum flowing pressures exceeded 9,000 psi. That well cost $27 million, but Consol executives told a July 28 conference call that they expect they can trim costs in the future. Tim Dugan, Consol chief operating officer, noted Consol-controlled acreage brackets EQT's record-setting well in Greene County. "Our Greene Hill field is a few miles to the south, the Nineveh field is due north, and the Majorsville field is due west," Dugan said. "Not only does Consol own a significant footprint across Green and southern Washington counties, but almost half of this is fee acreage, which is a huge boost to rate of return." But low oil and gas prices are taking a toll. Consol reported a second-quarter net loss of $603 million, including an impairment charge of $829 million on its shallow, conventional wells across Appalachia.