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Consol Energy
From Wikipedia, the free encyclopedia
| Consol Energy, Inc. | |
 |
|
| Type | Public (NYSE: CNX) |
|---|---|
| Founded | Cumberland, Maryland (1864) |
| Headquarters | Upper St Clair, Pennsylvania |
| Key people | J. Brett Harvey, Chairman and CEO |
| Industry | Energy |
| Products | Coal Mining Natural Gas timber electric power transportation |
| Revenue |  $3.81 billion USD |
| Employees | 7300 |
| Website | www.consolenergy.com |
CONSOL Energy is a coal and mining company based suburban Pittsburgh, USA. The head office is located in the southern suburb of Upper St.Clair, Pennsylvania CONSOL Energy Inc. is the largest producer of high-Btu bituminous coal in the United States. Through its subsidy, CNX Coal, the corporation manages coal mining operations, with 17 bituminous coal mining complexes in six states. CNX Gas extracts methane gas for home use in the Appalachian and Illinois basines, and it is one of the nation's largest natural gas suppliers. CNX Land manages over 430,000 acres of forest land in the US and Canada, using the land both for timer production and energy use. CNX Ventures manages several East Coast power stations, while CNX Services provides transportation for raw materials.
CONSOL Energy has annual revenues of $3.8 billion. The company was named one of America’s most admired companies in 2005 by Fortune magazine. It received the U.S. Department of the Interior's Office of Surface Mining National Award for Excellence in Surface Mining for the company's innovative reclamation practices in 2002, 2003 and 2004. Also in 2003, the company was listed in Information Week magazine's "Information Week 500" list for its information technology operations. In 2002, the company received a U.S. Environmental Protection Agency Climate Protection Award.
• Began operations in 1864 in the city of Cumberland, Maryland.
• Mines more high-Btu bituminous coal than any other U.S. coal producer.
• Is the largest U.S. coal producer, in terms of tons mined, east of the Mississippi River.
• Is the largest U.S. producer of coal from underground mines.
• Has the second largest amount of recoverable coal reserves among U.S. coal producers.
• Is the second largest natural gas producer from the Appalachian Basin.
• Controls 1.0 trillion cubic feet of net, proved reserves of gas.
• Operates more than 1,800 wells connected by approximately 900 miles of gathering lines and infrastructure.
• Produced an average 139.6 million cubic feet per day of pipeline-quality coalbed methane for commercial use in 2004.
• Through its subsidiary, CNX Land Resources Inc., has timber and farming operations, as well as commercial development ventures.
• Maintains a fleet of five diesel-powered river boats and 300 barges. In 2004, river transports of CONSOL Energy coal totaled 7.9 million tons.
• Has a private R&D facility currently working with the U.S. Department of Energy and others on advanced technology for coal and coalbed methane production and utilization.
• During 2004 contributed nearly $0.5 million in charitable donations and awarded $0.4 million through scholarships and grants to colleges and universities.
• Has a safety record two times better than the industry average for underground bituminous coal mines.
Stock Split June 1, 2006. Stock is expected to rise to $113 from $46.
CONSOL Energy entered the S&P 500 on June 28, 2006, replacing Knight-Ridder.
CONSOL Energy is rated 513 on the Fortune 1000 (7/5/2006).
| Pittsburgh-based Corporations (Within the Pittsburgh Metro Area) |
|---|
| Pittsburgh-based Fortune 500 Corporations: U.S. Steel | PPG | H.J. Heinz | PNC Financial | Mellon Financial | WESCO International |
| Pittsburgh-based Fortune 1000 Corporations: Allegheny Energy | Consol Energy | Allegheny Technologies | Dick's Sporting Goods | Kennametal | American Eagle Outfitters | Wheeling-Pittsburgh Steel | Mylan |
| Pittsburgh-based Forbes Largest Private Companies: 84 Lumber | GNC | Giant Eagle | Sheetz |
| Externally owned, regionally based, and other Pittsburgh corporations: American Bridge | Ampco Pittsburgh | Bayer USA | Calgon Carbon | Dollar Bank | DQE Holdings | Eat'n Park | Federated Investors | FedEx Ground | GlaxoSmithKline | Guru.com | Highmark | iGate | Koppers | Michael Baker | Mine Safety Appliances | NOVA Chemicals | Oxford Development | Pittsburgh Brewing Company | Respironics | rue21 | University of Pittsburgh Medical Center | Vivisimo | Wabtec |