TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Consol plans asset sales to help boost natural gas output

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

By Staff and Wire Reports
Monday, Jan. 14, 2013, 12:44 p.m.
 

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.

Subscribe today! Click here for our subscription offers.

 

 
 


Show commenting policy

Most-Read Stories

  1. Penguins recall 4 players
  2. Senate GOP, fired open records director file lawsuit against Wolf
  3. Rossi: Crosby’s debt to NHL paid in full
  4. Pine-Richland’s DiNucci commits to Pitt
  5. Charges officially dropped against Leon Ford, who is recovering from surgery
  6. Funeral for Joey Fabus, honorary Bethel Park police officer, draws crowd
  7. Romero’s son plans ‘Living Dead’ origins story
  8. Arnold woman severely injured in Allegheny Township wreck
  9. New York City hunkers down as Nor’easter threatens blizzard conditions
  10. Weather postpones Route 56 closure in New Kensington
  11. WVa natural gas line explodes near Ohio border