Our Sponsors

CNNX: Sponsored by Experienced Large-cap Exploration & Production Companies

CONE Midstream Partners was formed by CONSOL Energy Inc. (NYSE:CNNX) and Noble Energy, Inc. (NYSE:NBL) to service their rapidly growing production in the Marcellus Shale in Pennsylvania and West Virginia. 

Each of our Sponsors is a large, independent oil and natural gas exploration and production company with a substantial resource base and a history of growing production in its areas of operation. Our Sponsors hold one of the largest aggregate acreage positions in the Marcellus Shale, which is widely viewed as a premier North American shale play due to its significant hydrocarbon resources in place, consistent and predictable geology, high well recoveries relative to drilling and completion costs and proximity to high-demand metropolitan markets in the northeastern United States.

CONSOL is a Pittsburgh-based integrated energy company with a focus on natural gas exploration and production, as well as coal production. CONSOL's natural gas operations are focused on the major shale formations of the Appalachian Basin, including the Marcellus Shale and Utica Shale. CONSOL deploys an organic growth strategy focused on developing its resource base. CONSOL’s coal operations, which are also in the Appalachian Basin, consist of mining, preparation and marketing of thermal coal primarily to power generators. CONSOL is listed on the NYSE under the symbol “CNX”.

  • Founded in 1864 as Consolidation Coal Company
  • Headquartered in Canonsburg, PA
  • More than 4,600 employees
  • More than 5.7 Tcfe of proven reserves at year-end 2013 (44% increase over 2012 total)
  • One of the largest producers in the Appalachian basin
  • 30% annual production growth rate expected through 2016
  • Interests in 13,000 net producing wells
  • Leading producer of coalbed methane in the Appalachian Basin
  • Marcellus is CNX’s core gas play
  • Owns and operates:
    • More than 4,600 miles of pipelines
    • More than 200,000 HP of compression (90% owned

 

Learn more about Consol Energy   >>>

Noble Energy is a global independent oil and natural gas exploration and production company with a diverse resource base. In addition to its operations in the Marcellus Shale, Noble Energy has positions in three other premier unconventional U.S. onshore plays: the Denver-Julesburg Basin in Colorado; the Eagle Ford Shale in South Texas; and the Delaware Basin in West Texas. In addition to these onshore plays, Noble Energy also holds positions in three premier conventional offshore plays: the U.S. Gulf of Mexico; the Eastern Mediterranean; and in West Africa. Noble Energy is listed on the NYSE under the symbol “NBL”.

  • Founded in 1932 by Lloyd Noble
  • Headquarters: Houston, TX
  • Over 2,500 employees
  • Projected 2014 capital program: $4.8 -$5.0 billion
  • 2014E production: 294 - 303 MBOe/d Worldwide producer of crude oil and natural gas
  • One of the industry leaders in exploration and development capability
  • Owns reserves of 1.4 BBOe and assets over $19 billion at year-end 2013
  • Visible long-term growth profile

Learn more about Noble Energy  >>>


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