Friday, September 20, 2013

CONSOL Energy Inc.: Largest Producer of High-BTU Bituminous Coal in the United States

Coal and natural gas production are the two main interests of CONSOL Energy Inc., an American energy company based in Cecil Township, Pennsylvania. The business was able to produce a total of 64 million tons of coal in 2010 alone.

CONSOL Energy is also the largest producer of high-BTU bituminous coal in the United States. It is also considered as the largest underground coal mining business in the nation. The business was created way back 1860 as Consolidation Coal Company. This was the result of the decision of several small mining companies in Western Maryland to combine their operations. It was also in Maryland that the company held its headquarters for 85 years. Though the company’s assets lie on its coal and natural gas divisions, the company also has other interests including its subsidiaries: River Division, Baltimore Marine Terminal,  Land Division, Research and Development, and Fairmont Supply Company.

As of 2011, the company has reported that it’s sitting on 4.4 billion tons of proven reserves and natural gas reserves amounting to 3.7 trillion cu. ft. It has a total of 8,800 employees as of 2011.

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