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Stock Market & Financial Investment News

News Breaks
December 18, 2012
16:23 EDTCNXCONSOL Energy CFO William Lyons to retire, effective March 1, 2013
In a filing, CONSOL Energy announced that on December 13, William Lyons, executive VP and CFO announced that he will retire on March 1, 2013. Lyons will remain executive VP and CFO until his retirement. On December 14 the board elected David Khani, the company’s VP-Finance, to serve as the company’s CFO effective upon the retirement of Lyons on March 1, 2013, and at which time he will become an executive officer of the company.
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February 8, 2016
08:22 EDTCNXCONSOL nominates Lanigan to board, elects Thorndike as chairman
CONSOL Energy announced the nomination of Bernard Lanigan, Jr., Joseph P. Platt and Edwin S. Roberson to its Board of Directors for election at its annual meeting of shareholders scheduled for May 11, 2016. The other nominees include eight current members of the Board.The company also announced the election of William N. Thorndike, Jr. as Chairman of the Board effective immediately upon the conclusion of the annual meeting. J. Brett Harvey, current Chairman of the Board, has elected to retire and not stand for re-election at the annual meeting. The Board has appointed Mr. Harvey as Chairman Emeritus, in recognition of his many years of service to the company, as both Chairman and CEO. Philip W. Baxter and David C. Hardesty, Jr. have also elected to retire and not stand for re-election at the annual meeting. Lanigan founded and has served as Chairman and CEO of Southeast Asset Advisors, Inc., a registered investment advisor and wealth management company, since 1991.
February 5, 2016
06:51 EDTCNXCONSOL announces E&P division proved reserves of 5.6 Tcfe in FY15
During 2015, CONSOL Energy added 934 Bcfe, net to CONSOL, of proved reserves through extensions and discoveries. As of December 31, 2015, total proved reserves were 5.6 Tcfe, which included 583 Bcfe, or 10.3%, of oil, condensate, and liquids. Marcellus Shale reserves account for 369 Bcfe, or 14.4%, of these heavier hydrocarbons. CONSOL Energy replaced 284% of its 2015 production, when considering increases from extensions and discoveries of 934 Bcfe. Production in 2015 was 329 Bcfe. During 2015, drilling and completion costs incurred directly attributable to extensions and discoveries were $618.3M. When divided by the extensions and discoveries of 934 Bcfe, this yields a drill bit finding and development cost of 66c per Mcfe, compared to 76c per Mcfe at year-end 2014. Future development costs for PUD reserves are estimated to be approximately $943M, or 48c per Mcfe.
January 29, 2016
06:54 EDTCNXCONSOL lowers E&P Division capital budget to about $205M-$325M
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06:52 EDTCNXCONSOL reports Q4 EPS (11c), consensus (9c)
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January 28, 2016
14:29 EDTCNXNotable companies reporting before tomorrow's open
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