Natural Gas Fuels Consol's $1.5B Capital Plan

Law360, New York (January 21, 2014, 2:45 PM EST) -- Consol Energy Inc. said Tuesday that natural gas development in the Marcellus and Utica shales will eat up nearly all of its $1.5 billion in planned capital spending this year, as the Pennsylvania-based energy giant continues its move away from its historical coal roots.

Consol said it would invest $1.1 billion in its gas operations in 2014, much of which will be directed toward drilling and completion costs in the Marcellus and Utica shales in Pennsylvania, West Virginia and Ohio. About one-half of the company's total...
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