
business. The firm recently spent $3.5 billion to acquire Dominion's D natural gas assets and another $1 billion to buy out CNX Gas ' minority shareholders, tilting its asset base much more heavily toward gas. The firm is one of the oldest and largest coal
replacement value, looking at the assets the companies had in oil and natural gas. The same was true for Newfield Exploration and CNX gas , and several others. We also deployed capital in the oil service area. Two new names we bought were BJ Services, that then
strengthens its balance sheet following the significant acquisitions of Dominion's D natural gas assets and the minority interest of CNX Gas . The partnership will also allow CONSOL to accelerate the increase in its rig fleet and drilling activity. In fact, despite
gas assets for $ 3 . 5 billion and the planned buyout of CNX Gas ' CXG minority shareholders will increase the company ’ s natural ..... the hefty helping of new debt to fund the Dominion and CNX Gas transactions represents a step change in the firm's
by . And welcome to CONSOL Energy and CNX Gas First Quarter Earnings Conference Call ..... earnings call today with CONSOL Energy and CNX Gas . With me this morning is Brett Harvey ..... CONSOL Energy and Chairman and CEO of CNX Gas . Also , with us today are Bill Lyons
new campaign to bring gas subsidiary CNX Gas ' CXG minority shareholders into the fold . CONSOL currently owns about 83 % of CXG and is attempting to buy out the 17 ..... share . This is about 24 % more than CXG 's Friday closing price , but since
standing by . Welcome to CONSOL Energy and CNX Gas Fourth Quarter 2009 Results Conference ..... joint earnings call with CONSOL Energy and CNX Gas . With me this morning is Brett Harvey ..... CONSOL Energy and Chairman and CEO of CNX Gas . Also , with us today is , Bill Lyons
its coal is owned outright, rather than leased, saving CONSOL from expensive royalty payments. CONSOL subsidiary CNX Gas CXG produces natural gas, both from coalbed methane deposits and shales. Coalbed methane is a natural extension of CONSOL
service companies, BJ Services and Pride International, and five exploration and production companies, Newfield Exploration, CNX Gas , St. Mary Land & Exploration, Cimarex Energy, and Cabot Oil & Gas. We acquired the oil service companies at historically
natural-gas prices have weakened significantly. This will have a material impact on CONSOL's natural-gas business, CNX Gas CXG . We will also be revisiting our assumptions regarding this segment. All in all, we expect a modest reduction to our