CONSOL Energy

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CNX Gas - (a CONSOL Energy subsidary), is the largest producer of natural gas in the Appalachian Basin.

A world record was set by CNX Gas for drilling the most cumulative feet with a single drill bit.

CONSOL Energy purchased the naming rights to the new arena for the Pittsburgh (Pa.) Penguins.   CONSOL Energy Center is expected to open its doors in 2010.

On March 15, 2010, CONSOL announced the purchase of Dominion’s Exploration and Production business for $3.475 billion.

According to CONSOL, Dominion Exploration and Production is known as “one of the oldest and most active drillers in Pennsylvania and West Virginia”.

The transaction includes 1.46 million acres for oil and gas drilling with over 9,000 already-producing wells.

Sourcewatch notes that this transaction includes 491,000 acres of land in the Marcellus shale formation of Pennsylvania and West Virginia, and almost triples the amount of land rights CONSOL owns in the Marcellus area.

According to CONSOL’s press release, this purchase will make the company the largest producer of natural gas in the Appalachian basin and give CONSOL “a leading position” in the Marcellus area.

Note: The following articles are summaries only:

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