September 7, 2011
Consol Energy Inc. announced Wednesday that it is entering into a joint venture with Hess Corp. to explore and develop Consol's 200,000 acres of Utica Shale in Ohio for natural gas. Consol will receive consideration of $593 million. The deal is the second big shale-gas transaction that Consol has announced in recent weeks. In August, the Canonsburg, Pa., company - best known as a coal producer - announced a $3.4 billion joint venture with Noble Energy Inc. to develop about 663,500 acres of Marcellus Shale leases in Pennsylvania and Ohio.
September 10, 2011 |
Eighteen months ago, Consol Energy Inc. bought Dominion Resources Inc.'s Appalachian natural gas properties for $3.5 billion, giving the coal producer a big position in the Marcellus Shale natural gas field. At the time, Wall Street disapproved. Consol's shares fell more than 9 percent. Consol looks clever now. The Canonsburg, Pa., company announced Wednesday it would receive $593 million from Hess Corp. for a joint venture to explore and develop Consol's 200,000 acres of Utica Shale in Ohio, much of it acquired from Dominion.
February 15, 2011 |
HARRISBURG - The leader of Pennsylvania's Senate said Monday that he would repay one of the state's largest energy companies for his trip to this year's Super Bowl in Texas. Senate President Pro Tempore Joe Scarnati (R., Jefferson) announced through Twitter and Facebook that he would reimburse Consol Energy Inc. for the trip, which included airfare, hotel stay, and Super Bowl tickets. "I will fully reimburse Consol for Super Bowl expenses," Scarnati wrote. "Was planning to from the start, but don't have paperwork yet. " He could not be reached for further comment.
January 26, 2012 |
WIND RIDGE, Pa. - Consol Energy is alerting workers at a coal mine in southwestern Pennsylvania after a miner died from a rare form of meningitis that can be spread only by transfer of saliva. The Pittsburgh-based company isn't identifying the worker who died Tuesday, a day after he went home with flulike symptoms. Consol has contacted the Pennsylvania Department of Health and has a doctor at the Bailey Mine in Greene County, about 40 miles southwest of Pittsburgh, to explain the disease and its symptoms to workers.
February 18, 2011
AFTER getting into hot water over a Super Bowl trip paid for by a natural-gas-drilling company, state Senate President Joe Scarnati, R-Jefferson, promised this week that he'd reimburse the company out of his own pocket and with money from his campaign fund. This would be a good time to test your knowledge. What kinds of gifts can members of the Legislature accept from lobbyists? A. No gifts allowed B. Gifts that do not exceed $250 in value C. They can take pretty much anything they want.
February 16, 2011
It might be easier to reform Pennsylvania's legislature if the Steelers fail to reach the Super Bowl next year. Several state legislators took advantage of their clout to wangle tickets to the Super Bowl in Dallas. The most obnoxious example is Senate President Pro Tempore Joe Scarnati (R., Jefferson), who accepted plane travel to the game, tickets, and lodging courtesy of Consol Energy Inc. As you might expect, the folks at Consol have more than just a passing interest in the legislature.
April 15, 2013
Like much in the country today, the debate over Pennsylvania's shale-gas boom often seems hopelessly polarized - an endless and largely useless standoff between environmentalists who want the gas to stay in the ground and energy executives who think it's theirs to exploit unhindered. So only a cynic could fail to be encouraged by a new collaboration that brings environmental and energy interests together. The Center for Sustainable Shale Development debuted last month with the goal of setting standards for environmentally responsible extraction of shale fuels.
September 28, 2013 |
Former House Speaker Newt Gingrich on Thursday praised shale gas developers for being "pioneers of the future" who must resist being held back by "prison guards of the past. " The former Republican presidential candidate told a natural gas industry conference at the Convention Center that new discoveries of oil and gas from shale formations had reversed the nation's energy fortunes, thanks to the much-maligned practice of hydraulic fracturing. "There are people who don't want this future, who don't want these competitive ideas," Gingrich said during closing remarks at the two-day Shale Insight conference sponsored by the Marcellus Shale Coalition.
October 16, 2012
IN THE REGION BET Investments buys Norristown apartments BET Investments Inc. , the Horsham investment company owned by Bruce E. Toll, a founder and former executive of the Toll Bros. luxury home builder, has agreed to pay $30 million, or $93,700 per unit, to purchase the 318-unit Curren Terrace Apartments, 1011 New Hope St., Norristown, from Home Properties . BET president Michael P. Markham said that the complex is 97 percent occupied, and that his firm will renovate the complex "in an effort to maximize rents.
March 22, 2013 |
A consortium of environmentalists, philanthropies, and energy companies that are frequently at odds over fossil-fuel development has created a certification program they say will hold shale-drilling companies to higher performance standards. Much as the Leadership in Energy and Environmental Design certification program has become the gold standard for green buildings, the new Center for Sustainable Shale Development aspires to create a rigorous environmental seal of approval for companies developing the Marcellus Shale and other Appalachian formations.