CONSOL’s Bankers Say Company has $2B Worth of Gas in the Ground

CONSOL Energy, one of the larger drillers in the Marcellus/Utica (based in Pittsburgh, a coal company transitioning to a gas company) issued an announcement yesterday that they’ve passed their twice-per-year test by their bankers and that once again their “borrowing base” is reaffirmed as being worth $2 billion. So what’s a borrowing base and why is it important?…

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