Monday, November 04, 2013

Coal Company Refocuses on Natural Gas

"Big coal miners shift tack on fuel," by John W Miller and Kris Maher in the Wall Street Journal (10/29, still behind a firewall) notes this, with a Pittsburgh byline:

On Monday, Consol Energy Inc., the fifth-largest U.S. coal producer, said it would sell five large mines to closely held Murray Energy Corp. in a deal valued at $3.5 billion, one of the biggest transactions in recent years in the coal patch.  

The article later notes that Consol is shifting its focus from coal to natural gas.

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