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The company traced its roots to Arkansas Western Gas Company, which was established in July 1929 as a subsidiary of Southern Union Gas Company of Dallas. In 1985, the company acquired Mustang Fuel for $200 million in stock. [2] In 2013, the company acquired assets in the Marcellus Shale from Chesapeake Energy for $93 million. [3]
In March 2022, the company acquired Chief Oil & Gas for approximately $2.6 billion. [39] [40] In May 2023, the company sold a portion of its oil and gas assets in the Eagle Ford shale for US$1.4 billion, to Ineos. [41] In October 2024, the company acquired Southwestern Energy in a $7.4 billion all-stock deal and was rebranded as Expand Energy ...
Energy stocks have outperformed the broader market to start the year, kicking off 2025 with gains as oil and natural gas prices have edged higher. The S&P 500 Energy Sector (XLE) is up 2.8% year ...
The company has operations in the Permian Basin, Marcellus Shale, and the Anadarko Basin. [ 1 ] As of December 31, 2021, the company had 2,892 million barrels of oil equivalent (1.769 × 10 10 GJ) of estimated proved reserves, of which 85% was natural gas, 7% was petroleum, and 8% was natural gas liquids.
The First Trust Natural Gas ETF (FCG) is a natural gas exchange-traded fund that tracks the ISE-Revere Natural Gas Index. Investors in this fund own a little bit of 49 different energy stocks ...
US shale gas basins, 2011. Shale gas in the United States is an available source of unconventional natural gas.Led by new applications of hydraulic fracturing technology and horizontal drilling, development of new sources of shale gas has offset declines in production from conventional gas reservoirs, and has led to major increases in reserves of U.S. natural gas.
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In 2006, Consol spun off its subsidiary CNX Gas as a standalone company, but retained 83 percent of the new company's shares. [17] On June 28, 2006, Consol Energy entered the S&P 500 replacing Knight-Ridder. [18] In 2007, CNX Gas also began investing heavily in natural gas exploration in the Marcellus Shale in Pennsylvania.