CNX Resources Corp.
Transactions
CNX Resources to Buy Out Midstream Affiliate in $357 Million Deal
CNX Resources to Buy Out Midstream Affiliate in $357 Million Deal
Ascent Resources’ $1.5 Billion Buying Spree Builds Utica Giant
Ascent Resources’ $1.5 Billion Buying Spree Builds Utica Giant
Ascent Resources’ $1.5 Billion Buying Spree Builds Utica Giant
Ascent Resources’ $1.5 Billion Buying Spree Builds Utica Giant
Ascent Resources’ $1.5 Billion Buying Spree Builds Utica Giant
Ascent Resources’ $1.5 Billion Buying Spree Builds Utica Giant
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New Financings
Closed private offering of convertible senior notes due 2026. Includes full exercise of $45 million…
CNX Resources Corp. announced the final results and expiration of its previously announced cash tender…
CNX Resources Corp. said that it intends, subject to market and other conditions, to offer and sell to…
CNX Resources Corp. has commenced a cash tender offer to purchase up to $400 million aggregate principal…
CNX intends to offer and sell to eligible purchasers $500 million of senior notes due 2026 and use the…
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News
CNX Promotes CFO Shepard to President
CNX Resources executive Alan Shepard will retain his chief financial officer position in addition to his new role as president.
Who’s Next in Ohio Utica M&A Deal-Making?
EOG Resources’ deal to buy Encino Energy leaves 40% of Ohio’s oil output up for M&A grabs as well as nearly 5 Bcf/d of gas and NGL output, according to a Hart Energy analysis of Ohio production data.
Appalachian M&A Target HG Energy Ups Sand, Length
Quantum Capital Group-backed E&P HG Energy is an M&A target among U.S. gas producers as gas futures have grown to more than $4/MMBtu.
Follow the Rigs: Minerals M&A Could Top $11B in ’25—Trauber
Minerals dealmaking could surpass $11 billion in 2025, fueled by deals in the Permian and in natural gas shale plays, says M&A expert Stephen Trauber.
Appalachia, Haynesville Minerals M&A Heats Up as NatGas Prices Rise
Several large Appalachia and Haynesville minerals and royalties packages are expected to hit the market as buyer interest grows for U.S. natural gas.
NatGas Rising: WhiteHawk Inks $118MM Marcellus Royalties Deal
WhiteHawk Energy is getting deeper in Pennsylvania’s Marcellus Shale with a $118 million deal as demand for natural gas grows.
Expand Lands 5.6-Miler in Appalachia in Five Days With One Bit Run
Expand Energy reported its Shannon Fields OHI #3H in northern West Virginia was drilled with just one bit run in some 30,000 ft.
Utica Oil Player Ascent Resources ‘Considering’ an IPO
The 12-year-old privately held E&P Ascent Resources produced 2.2 Bcfe/d in the fourth quarter, including 14% liquids from the liquids-rich eastern Ohio Utica.
Antero Stock Up 90% YoY as NatGas, NGL Markets Improve
As the outlook for U.S. natural gas improves, investors are hot on gas-weighted stocks—in particular, Appalachia’s Antero Resources.
CNX Expands in Appalachia with Closing of $505MM Apex Deal
The bolt-on of Apex Energy II's upstream and midstream assets expands CNX’s stacked Marcellus and Utica undeveloped leaseholds.
Watch for Falling Gas DUCs: E&Ps Resume Completions at $4 Gas
Drilled but uncompleted (DUC) gas wells that totaled some 500 into September 2024 have declined to just under 400, according to a J.P. Morgan Securities analysis of Enverus data.
BYOP (Bring Your Own Power): The Great AI Race for Electrons
Data-center developers, scrambling to secure 24/7 power, are calling on U.S. producers to meet demand as natgas offers the quickest way to get more electrons into the taps.
CNX’s $505MM Bolt-On Adds Marcellus, Deep Utica in Pennsylvania
CNX Resources CEO Nick Deluliis said the deal to buy Apex Energy underscores CNX’s confidence in the stacked pay development opportunities unlocked in the deep Utica.
Exclusive: CNX Exec Says NatGas Goes Far Beyond Data Center Needs
As a resilient energy source, no other solution comes close to providing the dependable power of natural gas, CNX New Technologies President Ravi Srivastava told Hart Energy.
NatGas Pundits Pitch Fossil Fuel Reliability to Meet Needs of Big Tech
Executives from CNX Resources, AMP and Hines say natural gas has what it takes to meet growing electricity needs of data centers.