How it started
1860 to 2017
CNX Resources traces its roots to Consolidation Coal Company, a coal mining company founded in 1860. Dupont and Rheinbraun A.G. formed a joint venture in 1991. In May 1999, the company became a public company via an initial public offering.
In 2010, the company moved its headquarters to Cecil Township, Washington County, Pennsylvania. The company also acquired the natural gas business of Dominion Resources in 2010, which increased its drilling properties and made it one of the largest natural gas production companies in the Marcellus Shale formation.
In 2017, the company completed the corporate spin-off of Consol Energy and changed its name to CNX Resources Corporation. Nicholas (Nick) J. Deiuliis, who was the president and CEO of Consol, continued in those same roles at CNX.
2018 to 2021
In January 2018, the company purchased a 50% interest in CONE Gathering LLC from Noble Energy. That year CNX entered a long-term agreement with Evolution Well Services to develop a 100% electric hydraulic fracturing fleet in the Appalachian Basin. The agreement was extended in April 2022.
From Wikipedia’s article on CNX Resources, shared under CC BY-SA 4.0.2