CONSOL Sells Coal Mine for $420M; Transforming into Gas Driller

Calling it “another significant event in the execution of CONSOL Energy’s strategy,” CONSOL Energy CEO Nick DeIuliis announced yesterday the company has sold another of its coal mines–this one in southwestern Virginia–for $420 million. The reason? CONSOL continues on its mission to convert from being one of the largest coal companies in the North America to becoming one of the preeminent “pure play” natural gas drillers in the Marcellus/Utica. That’s the goal–and this sale helps propel them toward that goal…

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