Consol plans asset sales to help boost natural gas output
Consol Energy Inc., the third-largest coal miner by sales, plans to sell assets for $127 million to $312 million in 2013 as it ramps up production of natural gas.
Asset sales will help finance 2013 capital spending of $1.29 billion to $1.5 billion, most of of it on gas production, Consol, based in Canonsburg, said on Monday. Gas output will rise 8 percent to 15 percent above last year's 156.3 billion cubic feet equivalent, the company forecast.
Consol said it plans to spend $835 million to $935 million to expand gas production this year, depending on prices for the heating and power plant fuel and liquids derived from it.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- News Alert
- Former Pirates pitcher Happ agrees to $36 million, 3-year deal with Blue Jays
- Unsung backups provide boost for Steelers defensive line
- Penguins lose hard-fought game to Blue Jackets in overtime
- Nuclear crossroad: California reactors face uncertain future
- Starkey: Flashback Friday for Pitt
- Puppy, pals come to rescue of Lower Burrell firefighters
- Body found in Allegheny River in Harrison
- Unabashed church pastors put politics front and center
- Republicans roll dice as Trump headlines Pennsylvania Society event
- Gilbert, son of ex-Pitt football standout, commits to Panthers