plan calls for six well pads, with at least 45 Marcellus and Upper Devonian shale wells and three water impoundments, with initial drilling of wells scheduled to begin this summer.
The deal is expected to close on April 30, and is expected to account for as much as 35 percent of Consol
s total revenue.
Natural gas production is conducted by CNX Gas Corporation, a majority-owned subsidiary of CONSOL
For the micro-turbine project, CONSOL
Energy partnered with CNX Gas Corporation and Ingersoll Rand Energy Systems to install the unit.
3 billion tons of proven and recoverable coal reserves in the United States, CONSOL
Energy is the largest producer of high-BTU bituminous coal in the nation.
In 2003, CONSOL
was included in the prestigious "Information Week 500" as one of the top 500 companies in the United States that are leaders in innovation in business technology and IT operations.
After giving effect to these transactions, CONSOL
Energy would consist primarily of (i) its core oil and gas exploration and production business, (ii) its interest in CONE Midstream Partners LP (NYSE: CNNX), (iii) a controlling interest in its cash flow generating thermal coal MLP and (iv) a controlling interest in its metallurgical coal subsidiary.
On that date, CONSOL
issued a press release announcing that it would revise its second quarter outlook and that it expected to lower its dividend.
The complaint alleges that during the Class Period, Defendants issued false and misleading statements to the public which failed to disclose or misrepresented that CONSOL
was utilizing an aggressive approach regarding its spot market sales, reserving 20% of its production to that market.
NYSE:VOL), and a leading provider of e-procurement systems and services, today further extended its leadership in e-procurement systems with the release of Consol
, it's human capital e-procurement and spend management system.
PITTSBURGH, April 30, 2014 /PRNewswire/ -- CONSOL
Energy, a producer of coal and coalbed methane, and its contractor, Farnham & Pfile, selected IBM and Dassault Systemes to enhance the coal processing plant built in Mondsville, West Virginia.