Consol

Consol Energy Inc. executives said Tuesday that the company is marketing a “bucket” of coal and natural gas assets that it values at up to $2.3 billion. It hopes any sales can raise more cash and help deleverage its balance sheet as the company continued to weather the commodities downturn in the third quarter.

After increasing its stake in Consol Energy Inc. to 21%, Southeastern Asset Management Inc. said the company is significantly undervalued and has indicated that it would likely push for a sale or spinoff of the natural gas division.

Consol Energy Inc. on Monday braced investors for what it said would be a lackluster second quarter earnings report, announcing that it would include a loss of profit and a “significant impairment” on its legacy oil and natural gas assets.

Consol Energy Inc. on Tuesday confirmed its second round of layoffs since the beginning of the year, again citing depressed commodity prices as an impetus for its decision to this time cut 470 jobs in its natural gas and coal divisions.

Consol Energy Inc. on Tuesday confirmed its second round of layoffs since the beginning of the year, again citing depressed commodity prices as an impetus for its decision to this time cut 470 jobs in its natural gas and coal divisions.

The Pittsburgh-based Center for Sustainable Shale Development (CSSD) issued its third certification Tuesday, this one to Consol Energy Inc., confirming with its most wide-ranging audit yet that the company is in compliance with all 15 of its performance standards for oil and gas development in the Appalachian Basin.

Consol Energy Inc. and Noble Energy Inc.’s bid to take their midstream assets public paid off in a big way Thursday. The market debut found their master limited partnership (MLP) raising more than expected, and shares skyrocketed in a nod of confidence for one of the largest midstream systems yet to go public in the Appalachian Basin.

Federal prosecutors have charged a former Consol Energy Inc. manager with 60 counts of mail fraud for an alleged royalties scheme that siphoned $440,000 from the company’s interests at parcels in West Virginia and Illinois, according to charges filed Monday.

Consol Energy Inc. and Noble Energy Inc. have filed paperwork with federal regulators for an initial public offering (IPO) in a master limited partnership (MLP) that will provide midstream services for the companies’ joint operations in the Marcellus Shale.