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CNX Demands Lloyd's Pay For $40M Ohio Gas Well Eruption

Law360 (May 15, 2019, 5:41 PM EDT) -- Consol Energy gas spinoff CNX Gas Co. LLC says Lloyd’s of London and various underwriters are refusing to honor an insurance policy that should have covered the estimated $40 million cost of an Ohio gas well that erupted hydraulic fracturing fluid and sand in 2017, according to a complaint filed Wednesday in Pennsylvania state court.

In the lawsuit filed in the Allegheny County Court of Common Pleas, CNX said it held a “control of well” insurance policy with Lloyd’s for the Switz 28F gas well in Monroe County, Ohio, that should have covered the costs of cleanup, salvage and pollution control...

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