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Consol Energy

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Consol Energy gives up naming rights to Pittsburgh arena

Consol has given up the naming rights to the Consol Energy Center– home to the Pittsburgh Penguins. The Pittsburgh Post-Gazette reports the announcement came this morning during a Penguins press conference. Financial terms were not disclosed. PPG Paints has bought the naming rights and the venue will now be called the PPG Paints arena. Consol’s [...]

Drilling underway at Pittsburgh International Airport

A major plan to drill for natural gas under Pittsburgh International Airport is underway. Politicians, including Gov. Tom Corbett, and officials from Consol Energy kicked off the project in a ceremony at the airport today. More from the Associated Press: The Monday morning ceremony featured remarks by Republican Gov. Tom Corbett, Democratic County Executive Rich [...]

Consol Energy gets permission to drill at Pittsburgh International Airport

Consol Energy has received permission from supervisors in Findlay Township to drill for natural gas under the Pittsburgh International Airport. The unanimous approval came with nearly two dozen conditions– including noise and work hour limitations, along with air monitoring requirements. Consol’s plans include 60 natural gas wells and six pads on about 8,800 acres at the [...]

Exports keeping coal industry alive despite surge in natural gas

The surge in U.S. oil and natural gas production and increasing efforts to regulate emissions from coal-fired power plants has caused business leaders and analysts to question king coal’s rank in the energy economy. Last month, the Energy Information Administration forecasted that natural gas will surpass coal as the number one source of electricity generation [...]

Consol Energy sells coal assets, looks to boost natural gas production

Consol Energy has been mining coal since the American Civil War, but today the Cecil-based company has announced it is selling the subsidiary that started it all. Murray Energy Corp. will pay $850 million in cash for the Consolidation Coal Company, including five mines in West Virginia. The Ohio-based mining company will also buy up [...]

Consol Energy Shuts Reporters Out of Annual Shareholder Meeting

The Pittsburgh Post-Gazette reports Consol Energy shut reporters out of its annual shareholders meeting Wednesday. According to the Post-Gazette, this is the second year in a row the company has kept its doors closed to the media: The practice is not illegal, but “it’s not appropriate,” said Lev Janashvili, managing director at GMI Ratings, a [...]

EQT And Consol Bid To Drill At Pittsburgh-Area Airports

Two companies – EQT and Consol – have submitted bids to drill for natural gas at Pittsburgh International Airport and Allegheny County Airport. Allegheny County owns the land at both facilities, and County Executive Rich Fitzgerald sees the drilling revenue as a way to alleviate airline expenses at the underused Pittsburgh International Airport. “Will that bring every airline [...]

Blaming Weak Market, Consol Scales Back Production At West Virginia Coal Mine

A weak market for coal is forcing Pennsylvania-based Consol to decrease production in a West Virginia mine, as the AP reports: MORGANTOWN, W.Va. — Consol Energy is scaling back operations at a northern West Virginia coal mine because of low market demand.Pennsylvania-based Consol said Tuesday that it will idle some of the Blacksville No. 2 [...]

Consol Energy Doubles Down On Romney

Former Massachusetts Governor Mitt Romney has a friend in Consol Energy. The Pittsburgh-based natural gas and coal extractor contributed $150,000 to a Romney-affiliated Super PAC in July. Consol executives also gave $22,000 to the Republican front-runner’s campaign during the most recent Federal Elections Commission filing period, which covered October, November and December 2011. Not a [...]

WSJ: Why Obama’s Call For Expanded Gas Drilling Won’t Be Answered

The Wall Street Journal is providing a reality check to President Obama’s call for expanded natural gas drilling. The paper’s take: that simply isn’t going to happen as long as natural gas prices stay at their current low levels. (Here in Pennsylvania, we’ve already seen Chesapeake and Consol scale back their Marcellus Shale drilling operations.) [...]

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