CNX Gas Corp.
Description
CNX Gas Corp., Pittsburgh, (NYSE: CXG) will explore the possible sale of noncore coalbed-methane assets in the Powder River Basin in Montana and Wyoming. The assets are part of a package purchased from Peabody Energy in June 2007. Proved reserves are estimated to be 300 billion cubic feet of gas in place. CNX holds the rights to extract CBM on 38,000 net acres and to extract oil and gas on 9,000 net acres. Contact Dan Zajdel, 412-200-6719.