CNX Resources
| Company type | Public |
|---|---|
| Industry | Natural gas |
| Predecessor | Consolidation Coal Company |
| Founded | 1860 |
| Fate | Spin-off from Consol Energy (2017) |
| Headquarters | Pittsburgh, Pennsylvania , United States |
Area served | Appalachian Basin (Pennsylvania, Ohio, West Virginia, Virginia) |
Key people | Nicholas J. Deiuliis (CEO and President) |
| Products | Natural gas, coalbed methane, methane capture and mitigation initiatives |
| Website | www |
CNX Resources Corporation is a U.S.-based natural gas enterprise with its main office located in Pittsburgh. Its operations are concentrated within the Appalachian Basin, focusing primarily on the Marcellus Shale and Utica Shale formations across Pennsylvania, Ohio, and West Virginia. The company also develops coalbed methane resources in Virginia and runs a methane capture and mitigation initiative. With substantial midstream assets, CNX stands as one of the nation's leading natural gas producers.
1860 to 2017
The origins of CNX Resources trace back to the establishment of Consolidation Coal Company in 1860.[1] In 1991, DuPont partnered with Rheinbraun A.G. to create a joint venture.Cite error: The opening <ref> tag is malformed or has a bad name The firm went public through an initial public offering in May 1999.Cite error: The opening <ref> tag is malformed or has a bad name
In 2010, CNX shifted its headquarters to Cecil Township, Washington County, Pennsylvania.Cite error: The opening <ref> tag is malformed or has a bad nameCite error: The opening <ref> tag is malformed or has a bad name That same year, it expanded significantly by acquiring Dominion Resources' natural gas division, bolstering its drilling operations and solidifying its position as a top producer within the Marcellus Shale region.Cite error: The opening <ref> tag is malformed or has a bad name
Following the 2017 spin-off of Consol Energy, the company adopted the name CNX Resources Corporation.Cite error: The opening <ref> tag is malformed or has a bad name Nicholas J. Deiuliis, who previously served as President and CEO of Consol, continued leading CNX as both CEO and President.Cite error: The opening <ref> tag is malformed or has a bad name
2018 to 2021
In January 2018, CNX purchased a 50% stake in CONE Gathering LLC from Noble Energy. That year, the company also forged a long-term partnership with Evolution Well Services to develop a fully electric hydraulic fracturing fleet operating in the Appalachian Basin; this agreement was extended in April 2022.
By 2020, CNX completed the acquisition of all remaining common shares of CNX Midstream Partners LP for $357 million.
The year 2021 marked the launch of the CNX Foundation, created to oversee a $30 million pledge dedicated to promoting economic growth within the Appalachian Basin. Additionally, CNX introduced a mentorship academy aimed at disadvantaged high school students from both rural and urban communities. The program focuses on career exposure and assists participants in securing employment or apprenticeships before graduation. Monthly sessions include employer site visits and coaching on resume writing, interviews, civics education, business skills, and professional conduct. Collaborators include the Bus Stops Here Foundation and the Builders Guild of Western Pennsylvania. CEO Nick Deiuliis personally donated $1 million from his 2022 earnings and proceeds from his book Precipice to support this initiative.
By mid-2022, the CNX Foundation had allocated $1 million to enhance broadband infrastructure in Greene County, $400,000 toward workforce training programs, and $200,000 for technology assistance in underserved school districts via the Jerome Bettis Cyber Bus Project. Beyond these efforts, CNX actively supports local communities through initiatives such as Domestic Violence Services and Food Helpers.
2022 to present
In May 2022, CNX formed a partnership with Pittsburgh International Airport (PIT) to produce alternative fuels and electricity utilizing natural gas wells situated on airport grounds. PIT is positioned atop shale formations including Utica and Marcellus that extend through New York, Pennsylvania, Ohio, West Virginia, Maryland, and Virginia. Onsite production includes compressed natural gas (CNG) for land transportation fleets and liquefied natural gas (LNG) for various applications.
This collaboration commenced in 2013 with drilling operations starting in 2014. By 2022, it supported a microgrid powered by five generators totaling 20 MW fueled by natural gas alongside a 3 MW solar array supplying all of the airport’s electricity requirements. In May 2022, CNX expanded this partnership to include onsite production of compressed natural gas and hydrogen as alternative fuels.
In July 2022, CNX announced two significant agreements: a 15-year supply contract with NewLight Technologies for ultra-low carbon methane used as feedstock in biomaterials manufacturing; and a collaboration with Dynamis to deploy the Appalachian Basin’s first electric-powered drilling rig. This rig operates using onsite natural gas through high-efficiency reciprocating power generation combined with battery energy storage.
During 2023, the CNX Foundation contributed $1 million toward creating a substance recovery unit at Penn Highlands Mon Valley Hospital and an additional $1 million to broaden broadband access for more than 100 residences and businesses in Greene County, Pennsylvania.
In April 2023, CNX partnered with Sapphire Technologies to develop a FreeSpin In-line Turboexpander that generates clean electricity by capturing pressure from natural gas production. Later that year, CNX joined forces with Pennsylvania’s state government to implement “radical transparency” in safety protocols by providing real-time reporting on air emissions and water quality at multiple sites while disclosing chemical usage and increasing buffer zones.
CEO Nick Deiuliis donated $1.5 million from his compensation in both 2023 and 2024 toward the Mentorship Academy program, bringing his total contributions to $4 million.
In April 2024, CNX collaborated with Deep Well Services to launch AutoSep Technologies—a joint venture delivering automated flowback solutions within CNX’s New Technologies division. This division also partners with NuBlu Energy to produce compressed and liquefied natural gas with reduced carbon footprints.
In May 2024, CNX signed a letter of intent alongside KeyState Energy aiming to develop sustainable hydrogen-based aviation fuel at Pittsburgh International Airport using coal-mine methane gas. The project's advancement depends on federal hydrogen production tax credits under the Inflation Reduction Act of 2022.
Methane Reduction Initiatives
CNX Resources implements a methane reduction strategy by capturing methane emitted from coal and adjacent rock layers during extraction operations. This approach addresses coalbed methane, a highly impactful greenhouse gas originating from both active and inactive coal mines. Notably, CNX pioneered the removal of diesel-powered engines from its hydraulic fracturing fleet in the Appalachian Basin, opting instead for fully electric machinery to minimize emissions.
Honors and Accolades
CNX Resources earned a spot on Newsweek's "America's Most Responsible Companies" list in both 2020 and 2022. In 2021, the company was honored with an ESG Top Performer award presented by Hart Energy. Additionally, CNX received the Charles C. Keller Excellence Award for Corporate Philanthropy from the Washington County Community Foundation.
See also
External links
References
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