|Exchange:||New York Stock Exchange|
|Stock:||Consol Energy Inc|
|Consol Energy Inc. was incorporated in Delaware. The Company is a multi-fuel energy producer and energy services provider that mainly serves the electric power generation industry in the United States. The electric power industry generates over two-thirds of its output by burning coal or gas, the two fuels it produce. During the year ended December 31, 2011, it produced 62.6 million tons of high-British thermal unit (Btu) bituminous coal from 12 mining complexes in the United States. During this same period, its natural gas production totaled 153.5 net billion cubic feet equivalent (Bcfe) from approximately 15,000 gross natural gas wells primarily in Appalachia. Coal produced from its mines has a high-Btu content which creates more energy per unit when burned compared to coals with lower Btu content. The Company has two main business units: Coal and Gas. The principal activities of the Coal unit are mining, preparation and marketing of steam coal, sold mainly to power generators, and of metallurgical coal, sold to steel and coke producers. The Coal unit includes four reportable segments. These reportable segments are Northern Appalachian, Central Appalachian, Metallurgical and Other Coal. Each of these reportable segments includes a number of operating segments (mines). It assigns coal reserves to each of its mining complexes. The amount of coal it assigns to a mining complex generally is sufficient to support mining through the duration of current mining permit. It sells coal produced by its mining complexes and additional coal that is purchased by the Company for resale from other producers. It maintains United States sales offices in Atlanta, Philadelphia and Pittsburgh and an overseas office in Brussels, Belgium. The Company sells coal to customers under arrangements that are the result of both bidding procedures and negotiations. Consol Energy sells coal for terms that range from a single shipment to multi-year agreements for millions of tons. y is a leader in developing unconventional gas resources including the development of coalbed methane (CBM) production in the Eastern United States. Its gas operations produced 153.5 net Bcfe made up of a combination of CBM (60%), which is gas that resides in coal seams, natural gas from various shallow oil and gas sites (21%), natural gas from the Marcellus Shale (18%), and other unconventional reservoirs (1%). CONSOL Energy reported estimated net proved gas reserves of 3.5 trillion cubic feet. These reserves were made up of CBM (50%), Marcellus (25%), shallow oil and gas (21%) and other (4%). CONSOL Energy controls considerable resource positions in other unconventional shale plays including: Chattanooga, New Albany, Utica, Huron and other shales. It operates an ash disposal facility on a 61-acre site in northern West Virginia to handle ash residues for coal customers that are unable to dispose of ash on-site at its generating facilities. This facility became operational in early 1994. The ash disposal facility could process 200 tons of material per hour, and normally disposes of approximately 120 thousand tons of fly ash annually. The Company has a long-term contract with a cogeneration facility to supply coal and take the residual fly ash and bottom ash. Bottom ash is disposed locally at the cogeneration facility for road construction and other purposes.|
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