$CNX (CONSOL Energy Inc.)

$CNX {{ '2016-01-29T13:14:42+0000' | timeago}} • Announcement

For 2016, $CNX cut its E&P Division capital budget to approx. $205-$325MM based on the midpoints. The company also expects annual 2016 E&P Division production to be approx. 15% growth vs. 2015 total production volumes and Coal Division sales to be approx. 27-32MM tons, including 2016 estimated sales for Pennsylvania Operations of 22-26MM tons.

$NBL {{ '2018-01-04T12:15:57+0000' | timeago}} • Announcement

Energy exploration company $NBL said it has divested its 50% interest in CONE Gathering to $CNX. The sale was closed in a $305MM all-cash deal. CONE Gathering owns the general partner of CONE Midstream Partners.

$CNX {{ '2017-12-26T14:37:46+0000' | timeago}} • Announcement

Natural gas company $CNX said it intends to rebrand CONE Gathering and its subsidiaries, on closing the acquisition of $NBL’s 50% membership interest in CONE Gathering. The initiative, aimed at conforming to the CNX brand identity, includes rechristening of CONE into `CNX Midstream Partners’ and changing the ticker symbol from ‘CNNX’ to ‘CNXM’.

$CNX {{ '2017-10-31T13:04:19+0000' | timeago}} • Announcement

Consol Mining, a unit of $CNX, has announced the pricing of $300MM of its 11% senior notes due 2025 at a price of 100% of their face value, in a private offering. The proceeds of the offering will initially be deposited in a segregated account held by the company, and later released according to the consummation of the separation.

$CNX {{ '2017-10-23T12:03:45+0000' | timeago}} • Announcement

$CNX unit CONSOL Mining Corp intends to offer and sell to eligible purchasers $350MM of senior secured second lien notes due 2025 in a private offering.

$CNX {{ '2017-09-05T13:02:32+0000' | timeago}} • Announcement

$CNX's BoD has approved a one-year share repurchase program of up to $200MM. The Board will continue to evaluate the size of the stock repurchase program based on the company's free cash flow position, leverage ratio, and capital plans.

$CNX {{ '2017-09-05T13:01:23+0000' | timeago}} • Announcement

$CNX now expects 2017 adjusted EBITDA guidance to be about $815MM, which is a decrease of $55MM from the previously stated guidance. The company expects total consolidated coal capital expenditures to decrease to $112-120MM, which is a reduction from the prior guidance of $120-136MM.

$CNX {{ '2017-09-05T12:56:36+0000' | timeago}} • Announcement

$CNX lowered its 2017 E&P Division production guidance to about 405-415 Bcfe from 420-440 Bcfe. The decrease in 2017 production volumes is due to larger ceramic completion designs increasing cycle times, operational issues, and a tightening in the availability of field services.

$CNX {{ '2017-09-05T12:54:51+0000' | timeago}} • Announcement

$CNX lowered its 2017 E&P Division production guidance to about 405-415 Bcfe from 420-440 Bcfe. For 3Q17, the company expects production of about 100 Bcfe, which implies higher growth in 4Q, driven in part by the well turn-in-line (TIL) schedule peaking in November. $CNX maintained 2017 total E&P capital expenditures forecast of about $620-645MM.

$CNX {{ '2017-07-11T12:11:54+0000' | timeago}} • Announcement

$CNX announced the filing of a registration statement on Form 10 with the U.S. Securities and Exchange Commission towards the plan to separate $CNX into two publicly-traded companies; a coal company and a natural gas exploration and production company. The company expects to complete the separation as early as 2017.

$NBL {{ '2016-11-16T13:17:44+0000' | timeago}} • Announcement

$NBL and $CNX said CONE Gathering LLC, which is jointly owned by the companies, has entered into a definitive agreement to contribute its remaining 25% ownership interest in CONE Midstream DevCo I LP to $CNNX for a total valuation of $248MM. Upon closing, each company will receive $70MM in cash and approx. 2.6MM limited partnership units of $CNNX.

$CNX {{ '2016-10-31T15:28:22+0000' | timeago}} • Announcement

$CNX and $NBL agreed to separate their Marcellus Shale 50-50 Joint Venture. The JV was formed in 2011 for the exploration, development, and operation of primarily Marcellus Shale properties in Pennsylvania and West Virginia. $NBL will also remit a cash payment of about $205MM to $CNX at closing, as part of the deal.

$CNXC {{ '2016-10-03T12:21:15+0000' | timeago}} • Announcement

$CNXC and $CNX announced that the former has acquired an additional 5% undivided interest in the Pennsylvania Mining Complex (PAMC) and associated infrastructure from $CNX for $88.8MM. The transaction is effective Sept. 30, 2016. The acquisition increased $CNXC's undivided interest in the PAMC to 25%.

$NBL {{ '2016-08-03T18:08:16+0000' | timeago}} • Webcast

$NBL's production in Marcellus remains above expectations despite the limited capital spend. The $CNX JV continues to benefit from shared infrastructure to optimize recycling of produced water, significantly reducing OpEx. $NBL intends to operate the JV within cash flow in 2016 & will continue to be flexible with activities for the rest of 2016.

$CNX {{ '2016-04-07T22:54:27+0000' | timeago}} • Announcement

Pittsburgh-based energy producer $CNX said that James Grech, Executive Vice President and Chief Commercial Officer, has retired. As part of the corporate reorganization, no successor is to be appointed for James.

$CNX {{ '2016-04-01T11:13:28+0000' | timeago}} • Announcement

Diversified energy producer $CNX said it closed on its previously announced agreement to sell the Buchanan Mine in southwestern Virginia and certain other metallurgical coal reserves to Coronado IV LLC. The total consideration to the company was $420MM in value, including $402.8MM cash paid at the closing.

$CNX {{ '2016-03-14T19:36:41+0000' | timeago}} • SEC

During 2015, $CNX received $952MM of proceeds from senior secured credit facility versus payments on short-term borrowings of $12MM in 2014. Company repurchased $72MM of its common stock under its repurchase program. In 2015, $CNX paid four quarterly dividends totaling $33MM at $0.145 per share.

$CNX {{ '2016-03-14T19:34:55+0000' | timeago}} • SEC

For 2015, $CNX reported cash flow from operating activities of $506MM. Net cash used in investing activities fell to $996MM, helped by CapEx reduction of $471MM and fall in proceeds from the sale of assets of $247MM. As of Dec. 31, 2015, $CNX had total long-term debt and capital lease obligations of $2.78Bil outstanding.

$CNX {{ '2016-03-14T19:24:47+0000' | timeago}} • SEC

As of Dec. 31, 2015, $CNX's net producing wells were 12,863 and total net acres were 4,253,576. In 2015, total average production rose 39% to 900,430 Mcfe per day. For 2015, total gas production costs fell 17.5% to $2.73 per Mcfe. The company expects 2016 annual gas production to grow by approx. 15% when compared to 2015.

$CNX {{ '2016-02-29T12:42:42+0000' | timeago}} • Announcement

$CNX said it agreed to sell Buchanan Mine in southwestern Virginia & certain other metallurgical coal reserves to Coronado IV LLC for total consideration of $420MM, including $398MM cash payable at closing. The deal is not subject to financing condition and is being funded by Energy & Minerals Group (EMG). EMG has about $16.5Bil of regulatory AUM.

$CNX {{ '2016-02-08T12:04:53+0000' | timeago}} • Announcement

$CNX said it nominated Bernard Lanigan, Jr., Joseph Platt and Edwin Roberson to its BoD for election at its annual meeting of shareholders scheduled for May 11, 2016. The other nominees include eight current members of the Board. The company also said it elected William Thorndike, Jr. as Chairman of the Board effective immediately.

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