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Public | |
Traded as | : CNX S&P 400 Component |
Industry | Coal mining, Natural Gas Production |
Founded | 1864 |
Headquarters | Cecil Township, Pennsylvania, U.S. |
Key people
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Products |
Coal Natural gas Timber Electric power |
Services | Transportation |
Revenue |
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Number of employees
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8,827 |
Website | www |
Consol Energy Inc. /k[unsupported input]ˈsɒl/ is an American energy company with interests in coal and natural gas production headquartered in the suburb of Cecil Township, in the Southpointe complex, just outside Pittsburgh, Pennsylvania. In April 2017, Consol Energy had divested all of its coal operations, except for the Pennsylvania mine which it was in the process of spinning off into an independent company. In 2010 Consol was the leading producer of high-BTU bituminous coal in the United States and the U.S.'s largest underground coal mining company.
The company has natural gas reserves totaling 3.7 trillion cu. ft. as of 2011 and employs more than 8,800 people.
Consol Energy was originally created in 1860 as the Consolidation Coal Company after several small mining companies in Western Maryland decided to combine their operations. The company was formally established in 1864 and headquartered in Cumberland, Maryland for the first 85 years (1864–1945), where the company became the largest bituminous coal company in the eastern United States.
Western Maryland's coal production rose about 1 million short tons in 1865, exceeded 4 million short tons by the turn of the century, and reached an all-time high of about 6 million short tons in 1907. A small amount of the coal production in the early 1900s was premium smithing coal (as in blacksmith) that was specially processed and delivered in boxcars to customers throughout the United States and Canada. In 1945, Consolidation Coal Company was merged with Pittsburgh Coal Company and its headquarters were moved to Western Pennsylvania.