has the right to extract CBM from approximately 260,000 net CBM acres. In addition, the company controls approximately 652,000 net CBM acres in Illinois, Kentucky, Indiana, and Tennessee. The company also has the right to extract CBM on approximately139,000 net acres in the San Juan Basin and approximately 20,000 net acres in the Powder River Basin. Other Gas Shallow Oil and Gas: The shallow oil and gas acreage position of the company was approximately 825,000 net acres mainly in Illinois, Indiana, Kentucky, West Virginia, Pennsylvania, Virginia, and New York as of December 31, 2015. Upper Devonian: The Upper Devonian Shale formation, which includes both the Burkett Shale and Rhinestreet Shale, lies above the Marcellus Shale formation in southwestern Pennsylvania and northern West Virginia. The company holds various acres that have Upper Devonian potential. In 2015, the company, with its joint venture partner Noble Energy, drilled eight wells in the Burkett Shale and one well in the Rhinestreet Shale. The company’s Marcellus Shale joint venture partner owns a 50% interest in the Burkett Shale formation within the joint venture area of mutual interest. The company controls a 100% interest in the Rhinestreet Shale formation. Chattanooga: The Chattanooga Shale in Tennessee is a Devonian-age shale found at a depth of approximately 3,500 feet. The shale thickness is between 40-80 feet. The company has approximately 116,000 net acres of Chattanooga Shale. The company is the operator of all of its horizontal Chattanooga Shale wells. Huron: The company has approximately 380,000 net acres of Huron Shale potential in Kentucky, West Virginia, and Virginia. Midstream Gas Services The company has designed, built and operated natural gas gathering systems to move gas from the wellhead to interstate pipelines or other local sales points. In addition, the company has acquired extensive gathering assets. The company owns or operates approximately 5,000 miles of natural gas gathering pipelines, as well as 250,000 horsepower of compression. The company owns 50% of CONE Gathering LLC (CONE Gathering) along with Noble Energy owning the other 50% interest. CONE Gathering develops, operates, and owns all of Noble Energy's and the company’s Marcellus Shale gathering systems. The company operates this equity affiliate. In the Utica Shale, the company and its joint venture partner, Hess, are primarily contracting with third-parties for gathering services. Coal Operations Coal Reserves: As of December 31, 2015, the company had an estimated 3.0 billion tons of proven and probable coal reserves. Coal Marketing and Sales: The company sells coal produced by its mining complexes and additional coal that is purchased by the company for resale from other producers. The company maintains the United States sales offices in Philadelphia and Pittsburgh. In addition, the company sells coal through agents and to brokers and unaffiliated trading companies. Other Operations The company provides other services both to its own operations and to others. These include land services, coal terminal services, and water services. Non-Core Mineral Assets and Surface Properties: The company owns gas and coal assets that are not in its short or medium term development plans. Terminal Services: In 2015, approximately 8.1 million tons of coal were shipped through the company’s subsidiary, CNX Marine Terminals Inc.'s, exporting terminal in the port of Baltimore. The terminal could either store coal or load coal directly into vessels from rail cars. Water Division: CNX Water Assets LLC, doing business as CONVEY Water Systems LLC, is a wholly-owned subsidiary of the company and supplies turnkey solutions for water sourcing, delivery and disposal for the company’s exploration and production operations, supplies solutions for water sourcing, delivery and disposal for third parties and also provides supplemental water sourcing and marketing efforts on behalf of CNX Coal Resources LP. In coordination with its midstream operations, CONVEY Water Systems LLC works to develop solutions that coincide with the company’s midstream operations
consol energy inc (CNX:New York)
1000 Consol Energy Drive
Canonsburg, PA 15317
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