CONSOL Energy COO DeIuliis Says Marcellus Drilling has Potential to “Reshape Western PA Economy”

Nicholas DeIuliis, the Chief Operating Officer of CONSOL Energy Inc., spoke to a leadership group at the Rivers Club in Downtown Pittsburgh today. Among the things he said:

“Five years ago, no one knew how to spell Marcellus Shale,” DeIuliis, who is also president and COO of CNX Gas Corp., a part of CONSOL, said. But now, the natural gas reserve has the potential to reshape western Pennsylvania’s economy. He projected that by 2020, 175,000 jobs would be created from the Shale, and state and local tax revenue would be in the neighborhood of $1.4 billion.

“These are jobs that require serious levels of training, they’re not minimum wage jobs,” he said. “There’s a lot to be excited about in the Marcellus Shale.”*

*Pittsburgh Business Times (Mar 2) – CONSOL COO Nicholas DeIuliis: Marcellus has changed everything