CNX Gas Corp. Company News

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'Smart' Appalachian Operators Can Handle Sub $2 Natural Gas
Friday, September 27, 2019 Conventional natural gas production site in Pennsylvania, a state at the heart of rising production volumes in the U.S. Appalachian Basin. (Photo: Gaurav Sharma, Sept. 10, 2019)

CNX Gas Finalizes $700MM Loan Agreement
Monday, May 10, 2010 CNX Gas has completed a $700 million Senior Secured Credit Agreement, effective May 7, 2010, to replace an existing $200 million facility. T

CNX Gas' Marcellus Shale Well Achieves Record Results
Monday, March 22, 2010 CNX Gas Corporation announced production results from its latest horizontal well targeting the Marcellus Shale, the GH2BCV well in central Greene County, PA.

CNX Budgets $400M for Shale Gas, CBM
Tuesday, January 05, 2010 CONSOL Energy Inc.'s Board of Directors has approved a 2010 Capital Budget of $1.0 billion. Included in the budget is $400 million for CNX Gas Corporation, which was approved separately by its Board of Directors.

CNX Gas Reports First Marcellus Shale Well Producing at Record Rate
Monday, December 15, 2008 CNX Gas Corporation reported that its first horizontal Marcellus Shale well is now producing at a rate of 6.5 million cubic feet per day.

GTI to Lead Consortium Focused on Gas Production from New Albany Shale
Tuesday, September 30, 2008 GTI has finalized and signed a contract for a multi-year program with the Research Partnership to Secure Energy for America to lead a field-based research consortium focused on meeting U.S. natural gas demand and lowering costs for consumers.

CNX Gas Confirms 2008 Production Guidance of 72 Bcf
Monday, March 17, 2008 CNX Gas Corporation has confirmed its 2008 production guidance of 72 billion cubic feet (Bcf), with the re-start this past weekend of longwall coal production at CONSOL Energy's Buchanan Mine.

CNX Gas Agrees to JV with Huntley & Huntley
Wednesday, February 13, 2008 The two companies will develop the West Buena Vista property in Westmoreland and Allegheny counties in southwestern Pennsylvania.

CNX Estimates Appalachian Recoverable Reserves of 3.6 Tcf to 7.4 Tcf
Monday, February 11, 2008 CNX Gas Corporation estimates that it has recoverable reserves and net unrisked resource potential of 3.6 trillion cubic feet (Tcf) to 7.4 Tcf.

Consol Makes Offer to Acquire Remaining Shares of CNX Gas
Tuesday, January 29, 2008 CONSOL Energy Inc. intends to offer to acquire all of the outstanding shares of CNX Gas Corporation that it does not currently own in a stock-for- stock transaction.

CNX Gas Announces 2008 Capital Expenditures of $470 Million
Wednesday, January 23, 2008 CNX Gas Corporation has set 2008 capital expenditures at $470 million. This represents a nearly 35% increase from the $348.6 million (unaudited) in capital spending for 2007.

CNX Increases Capital Budget
Tuesday, July 17, 2007 CNX announces promotions and additions within the company and feels these changes will establish core operations for the coming years. In conjunction with the executive appointments the 2007 Capital Budget increased from $312 million to $336 million.

CNX Leases New Albany Shale Acreage
Tuesday, May 29, 2007 CNX Gas Corp. has reached an agreement to acquire by lease approximately 70,000 acres of oil and gas in western Kentucky from a subsidiary of Atmos Energy Corp. and Teal Royalties LLC.