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July 07, 2015 2:44 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Murray Energy Corporation

Company Overview

Murray Energy Corporation, along with its subsidiaries, produces and delivers bituminous coal to electric utility and industry customers in the United States and internationally. The company transports its coal via truck, rail, and waterways. The company's business also includes a diesel and mining equipment rebuilding facility in West Virginia. Murray Energy Corporation was founded in 1988 and is headquartered in St. Clairsville, Ohio with mining projects in Illinois, Ohio, Kentucky, and Utah. The company also has a financial services operation in Powhatan Point, Ohio; and a marketing and sales office in Lexington, Kentucky.

46226 National Road

St. Clairsville, OH 43950

United States

Founded in 1988

Phone:

740-338-3100

Fax:

740-338-3405

Key Executives for Murray Energy Corporation

Founder, Chairman, Chief Executive Officer and President
Chief Financial Officer, Chief Operating Officer, Executive Vice President and Member of The Board of Directors
Senior Vice President, Secretary and General Counsel
Senior Vice President of Marketing and Sales
Vice President of Engineering & Planning
Compensation as of Fiscal Year 2015.

Murray Energy Corporation Key Developments

Murray Energy and E.ON Forms Coal, Power Trading Firm Javelin Global Commodities Holdings

Murray Energy and E.ON have formed a marketing and trading firm. The new company, Javelin Global Commodities Holdings, will initially focus on coal and electric power but plans to expand into other commodities. Murray has signed a long-term export marketing and domestic advisory agreement with Javelin while E.On has entered into a long-term hedging and credit line with the newly formed company. The agreement will help Murray offer new products such as variable pricing and volume fuel options in electric power markets. Javelin will also help with contracts that include physical power offtake, tolling and power price hedging to lock in margins.

Murray Energy Corp. to Slash 1,200 Jobs in West Virginia

Murray Energy Corp. to slash 1,200 jobs in West Virginia. The company announced that it will lay off 1,252 workers across five of its coal mining companies in West Virginia.

Murray Energy to Lay Off More Than 1,800 People

Murray Energy Corp. announced that it is laying off more than 1,800 people, about a quarter of its workforce. The layoffs are to occur at nine of St. Clairsville, Ohio, company's mines.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 7, 2015
50% Interest in Foresight Energy LP And 34% Interest in Foresight Energy GP
Merger/Acquisition
March 15, 2015
50% Interest in Foresight Energy LP And 80% Interest in Foresight Energy GP And Access to Facilities
Merger/Acquisition
October 28, 2014
CONSOL Energy Inc., 100 Million Tons of Coal Reserves in Illinois
 

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