OAKWOOD, VA (July 24, 2008) -- CONSOL Energy Inc. (NYSE:CNX) and CNX Gas Corporation (NYSE:CXG) today presented a $500,000 gift to the University of Appalachia College of Pharmacy. The gift, provided equally by CONSOL Energy and CNX Gas, will be applied toward the cost of a second building now under construction on the college’s Garden campus in Buchanan County, Va.
CONSOL Energy Coal Group President Peter B. Lilly and CNX Gas President and Chief Executive Officer Nicholas J. DeIuliis were at the College of Pharmacy today to present the gift.
“We recognize the value of the University of Appalachia College of Pharmacy to Buchanan County and the support it enjoys from local residents and government officials in the county – that’s one of the reasons why we chose to support it in this meaningful way,” Lilly said. “We understand that construction of the new building will allow the school to unite all of its students on one campus which is important to the school’s future planning and we are pleased to play a part in helping to make that happen through our combined donation from CONSOL Energy and CNX Gas of $500,000.”
He continued, “CONSOL Energy prides itself as being a premiere producer of energy. In the communities in which we and our subsidiaries have mines and other operations, we try to be good corporate citizens and to give back where we can, when we can.”
DeIuliis noted that CNX Gas shares that same philosophy.
“CNX Gas is committed to the success and the future of Buchanan County,” said DeIuliis. “We are committed to that success and future, in part because we consider CNX Gas to be part of that success and future in Buchanan County. We have extensive operations in and near Buchanan County and in addition to our employees in the region, we also employ a contractor workforce of more than 1,200.
“The gift we are presenting today toward the construction of this new building seemed an obvious way for us to step up and to support the school as it builds for the future,” he added.
Both CONSOL Energy and CNX Gas have substantial investments in energy production facilities in Buchanan County. In 2007, the two companies and their subsidiaries had more than 650 employees in southwest Virginia with an aggregate payroll of $50 million.
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CONSOL Energy Inc., a high-Btu bituminous coal and coal bed methane company, is a member of the Standard & Poor's 500 Equity Index and has annual revenues of $3.8 billion. It has 17 bituminous coal mining complexes in six states and reports proven and probable coal reserves of 4.5 billion tons. CONSOL Energy was named one of America's most admired companies in 2005 by Fortune magazine. It received the U.S. Department of the Interior's Office of Surface Mining National Award for Excellence in Surface Mining for the company's innovative reclamation practices in 2002, 2003 and 2004. Also in 2003, the company was listed in Information Week magazine's "Information Week 500" list for its information technology operations. In 2002, the company received a U.S. Environmental Protection Agency Climate Protection Award. Additional information about the company can be found at its web site: www.consolenergy.com. .
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CNX GAS CORPORATION is an independent natural gas exploration, development, production and gathering company operating in the Appalachian and Illinois basins of the United States. CNX Gas is the leading Appalachian gas producer and believes it is the number one capturer of methane in the energy industry. CNX Gas recently joined the Chicago Climate Exchange as an offset provider. CNX Gas was also named a semi-finalist by the Financial Times/Citi Private Bank in their first-ever Environmental Awards. In addition, Nicholas J. DeIuliis, President and Chief Executive Officer, received the Ernst & Young Entrepreneur of the Year® 2007 Award. CNX Gas has also been featured in such publications as Business Week, American Executive, Smart Business Pittsburgh, and the Pittsburgh Business Times.