Consol, Noble Pay Dominion $190M For Gas Drilling Rights

Law360, New York (December 10, 2013, 1:50 PM EST) -- Consol Energy Inc. and Noble Energy Inc. will pay up to $190 million for drilling rights to nearly 90,000 acres in the Marcellus Shale beneath West Virginia gas storage fields owned by Dominion Resources Inc., Pennsylvania-based Consol said Tuesday.

Consol said its acquired gas rights to both the Marcellus Shale and the Upper Devonian formations in the storage fields. The $190 million will be paid in two installments — half was paid when the deal closed last week and the balance will be due over time...
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