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consol energy inc (CNX) Snapshot

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consol energy inc (CNX) Details

CONSOL Energy Inc., together with its subsidiaries, operates as an integrated energy company in the United States. The company operates in two divisions, Gas and Coal. The Gas division produces and sells pipeline quality natural gas primarily to gas wholesalers. This division owns rights to extract natural gas in Pennsylvania, West Virginia, Ohio, and New York from approximately 446,000 net Marcellus Shale acres; controls approximately 109,000 net acres of Utica Shale potential in eastern Ohio, as well as controls various acres in southwestern Pennsylvania and northern West Virginia that contain the rights to the Utica Shale; and owns rights to extract coalbed methane (CBM) in Virginia from approximately 267,000 net CBM acres, which cover a portion of its coal reserves in Central Appalachia. This division also owns shallow oil and gas acreage position of approximately 906,000 net acres primarily in Illinois, Indiana, Kentucky, West Virginia, Pennsylvania, Virginia, and New York; various acres that have Upper Devonian potential; 243,000 net acres of Chattanooga Shale; and 406,000 net acres of Huron Shale potential in Kentucky, West Virginia, and Virginia. In addition, it provides midstream gas services, including designing, building, and operating natural gas gathering systems. The Coal division is engaged in the mining, preparation, and marketing of thermal coal primarily to power generators; and metallurgical coal to metal and coke producers. This division offers thermal, low and high volatile metallurgical, and other coals. As of December 31, 2013, this division had approximately 3.0 billion tons of proven and probable coal reserves. The company also provides land services, integrated supply procurement and management services, and terminal and water services; and distributes mining, drilling, and industrial supplies. CONSOL Energy Inc. was founded in 1864 and is headquartered in Canonsburg, Pennsylvania.

4,633 Employees
Last Reported Date: 02/7/14
Founded in 1864

consol energy inc (CNX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $712.3K
Chief Legal & Corporate Affairs Officer and E...
Total Annual Compensation: $718.3K
Chief Commercial Officer and Executive Vice P...
Total Annual Compensation: $545.9K
Total Annual Compensation: $169.9K
Compensation as of Fiscal Year 2013.

consol energy inc (CNX) Key Developments

Religious Objections Carry Lawsuit against CONSOL Energy Inc

After a two-year legal battle filled with Bible quotes and meditations on the Antichrist, Consol Energy Inc. was found to have wronged a 30-year employee by not accommodating his objections over a hand scanner. Beverly Butcher Jr. of West Virginia was working at Consol's Robinson Run Mine in 2012 when the company installed the scanners to track employees' comings and goings for payroll purposes. Mr. Butcher, who started at the mine in 1977 and with Consol two years earlier, said he feared the scanner would imprint him with the 'mark of the Beast,' a reference to a passage from the book of Revelations in the Bible. When he approached human resources officials at the company to discuss alternative options, they showed him a letter from the scanner manufacturer, Recognition Systems Inc., which, using all capital letters, attempted to make clear that its hand scanners 'do not in any way have the ability to detect or place the 'mark of the Beast' or any other mark on a person's hand.

Consol Energy Inc. Announces Management Changes

CONSOL Energy Inc. announced Brian Aiello said about Harvey's move to retire six months after he stepped down as CEO. Nick DeIuliis, who replaced Harvey in May, will remain CEO.

CONSOL Energy To Conduct IPO For MLP

Board of Directors of CONSOL Energy Inc. (NYSE:CNX) authorized formation of a master limited partnership (MLP) for the company's thermal coal business and to commence an initial public offering of MLP in mid-2015.


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