CNX Resources Corp.
CNX Resources Corporation is an independent natural gas and midstream company. The Company is primarily engaged in the exploration, development, production and acquisition of natural gas properties in the Appalachian Basin. Its principal activity is to produce pipeline natural gas for sale primarily to gas wholesalers. Additionally, the Company operates and develops coal bed methane (CBM) properties in Virginia. The Company’s segment includes Shale and Coalbed Methane (CBM). Its Shale properties extract natural gas from Shale formations in Pennsylvania, West Virginia, and Ohio from approximately 526,000 net Marcellus Shale acres and approximately 610,000 net Utica Shale acres. It extracts CBM in Virginia from approximately 278,000 net CBM acres in Central Appalachia. It also extracts natural gas from other shale and shallow oil and gas positions primarily in Illinois, Indiana, New York, Ohio, Pennsylvania, Virginia, and West Virginia from approximately 1,003,000 net acres.
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