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Tag Archives: consol energy

Feds, Pennsylvania settle Consol Energy water pollution suit

stream, creek, river

PITTSBURGH (AP) — Consol Energy has agreed to pay $3 million to settle a claim that its Bailey coal mining complex in southwestern Pennsylvania repeatedly polluted nearby streams beyond what’s permitted under federal and state law. The Justice Department filed the federal lawsuit on behalf of the Environmental Protection Agency and the Pennsylvania Department of Environmental Protection. As part of ...

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Consol selling coal assets, suspending dividend

Due to low energy prices, Consol Energy is selling some of its coal assets.

NEW YORK (AP) — Consol Energy Inc. is selling several mines and coal reserves to Coronado IV LLC. for $420 million. It says it will also suspend its dividend as it continues to deal with declining energy prices. Its shares rose more than 4 percent in morning trading Monday. The company is selling its Buchanan mine in southwestern Virginia, its ...

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Murray Energy idling West Virginia coal mine

LOUISVILLE, Ky. (AP) — A large West Virginia underground coal mine owned by Murray Energy is halting production for nearly two weeks, and the rest of the company’s mines are running on part-time schedules due to reduced demand from electric utilities, the company’s chairman and CEO said Wednesday. The Marion County mine will be idled until at least March 7, ...

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US stocks stabilize, energy companies decline

US stocks stabilize, energy companies decline

Major U.S. stock indexes were little changed in midday trading Monday as investors weighed the implications of another slump in China’s stock market. Energy companies were among the biggest decliners as the price of crude oil fell. KEEPING SCORE: The Dow Jones industrial average was little changed at 16,348 as of 12:14 p.m. Eastern time. The S&P 500 index shed ...

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Consol plans Utica gas well at Pittsburgh airport

Consol Energy Inc. will drill a test well into the deeper Utica shale from one of its Marcellus gas well pads on Pittsburgh International Airport property. The Cecil-based natural gas and coal producer said Tuesday it received approval from Findlay zoning officials to replace one of the 12 Marcellus wells it planned for Pad 4 at the airport with a ...

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Consol cuts gas spending

oil field, Kuwait, oil spill

Consol Energy Inc. again cut its budget for spending on natural gas exploration and production because of continued low prices, though it won’t rule out drilling a few new wells in 2016. The Cecil-based gas and coal producer early Wednesday announced a new capital budget plan and annual production estimates ahead of a two-day financial conference in Miami. The budget ...

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Consol Energy subsidiary agrees to settlement over water usage

Marcellus Shale gas well developer, CNX Gas Co. LLC, has agreed to pay $450,000 to settle state violations alleging it exceeded its water withdrawal limits from a reservoir in north Franklin, Washington County, on multiple occasions from 2011 through 2014. The settlement agreement was announced Thursday by the Pennsylvania Department of environmental Protection, which will receive $345,750, and the state ...

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Whoops! Municipal Authority of Westmoreland County overpaid $785K in gas royalties

The Municipal Authority of Westmoreland County will forfeit $785,000 in revenues generated from Marcellus shale gas royalties that were erroneously paid to the water utility in the past several years. “We were overpaid. The money was for a tract of land that should have been paid to the heirs of a former owner,” authority solicitor Scott Avolio said. The authority ...

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