From the Associated Press today:
CHARLESTON, W.Va. (AP) — CONSOL Energy Inc. says it has completed the sale of subsidiary Consolidation Coal Company to Murray Energy.
The sale includes five longwall mines in West Virginia. They include the McElroy, Shoemaker, Robinson Run, Loveridge and Blacksville No. 2 mines.
The deal also gives Ohio-basedMurray Energy about 1.1 billion tons of coal reserves.
Murray Energy paid $850 million in cash and will take $2.4 billion in liabilities off CONSOL’s balance sheets.
Pennsylvania-based CONSOL said Thursday in a news release that Murray Energy also is taking on its pension obligations with the United Mine Workers of America.
The West Virginia mines produced a combined 28.5 million tons of thermal coal in 2012.
CONSOL intends to pursue drilloing for natural gas.
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.