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CONSOL & Noble to Form New MLP Midstream Subsidiary | Marcellus Drilling News
In 2011 CONSOL Energy had amassed some 750,000 Marcellus Shale acres but didn't have enough money to drill it all on their own. So they did what many energy companies do--they got a joint venture partner. CONSOL cut a deal with Noble Energy to split the proceeds 50/50, with CONSOL drilling in the dry gas