Outlay

Appalachian-focused CNX Gas Corp. significantly upped its outlay on capital spending this year, escalating its exploration and production (E&P) budget 84% to $312 million to test the viability of some coalbed methane (CBM) plays. CNX is forecasting that its natural gas output will reach 64 Bcf in 2007, increasing by 15% in both 2008 and 2009.