Consol Energy reports first quarter loss
Wednesday, April 27, 2016
Consol Energy lost $97.6 million during the first quarter of 2016 as low natural gas and coal prices persisted. During the first quarter of 2015, the company had a profit of $79 million.
Pittsburgh Post-Gazette PowerSource reports that Consol intends to separate natural gas and coal into two separate companies. To do so, Consol will shift more coal assets to CNX Coal, its master limited partnership.
Read more: Pittsburgh Post-Gazette PowerSource > Consol swings to loss in first quarter
Recent Consol news:
- Head of Consol Energy expects 2 ethane crackers to be built in Utica and Marcellus region April 20, 2016
- Ceramic proppants used to frack Utica shale Feb. 25, 2016
- Several eastern Ohio counties see more well sites popping up Feb. 10, 2016
- Consol’s fourth quarter profits less than in 2014 Jan. 31, 2016
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What are mineral rights?
Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.
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Maybe. It depends on your particular lease agreement. Some companies allow property owners a yearly free gas allowance. But, the process of connecting your property to the gas source may be more complicated. Some companies will provide a hookup, others require the landowner to provide one.