SOURCE: Industrial Info Resources

Industrial Info Resources

July 29, 2015 06:00 ET

CONSOL Energy Cuts Capex for 2015-2016 as Natural Gas Operations Boost Efficiency, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Jul 29, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Natural gas and coal producer CONSOL Energy Incorporated (NYSE:CNX) (Pittsburgh, Pennsylvania) lowered its planned exploration and production (E&P) capital expenditures (capex) for 2015 and 2016 to meet its cash flow goals. CONSOL now forecasts 2015 E&P capex at $800 million, compared with its January forecast of $1 billion for the year. Industrial Info is tracking $345 million worth of CONSOL Energy projects.

Within this article: Details on plans by CONSOL Energy to cut capital expenditures, as well as key projects, such as a mine expansion in Pennsylvania.

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