CONSOL Energy (CNX) reported that the company sold a portion of its interests in the Marcellus Shale to Antero Resources, a private oil and gas company.
CONSOL Energy has received $193 million in exchange for a 7% share of the overriding royalty interests in 115,647 net acres in Pennsylvania and West Virginia. The company is retaining the ownership of existing shallow wells on the acreage as well as the rights to other formations located at above and below the Marcellus Shale.
