CNX to acquire Noble Energy’s stake in pipeline partnership

Newly formed CNX Resources, the former natural gas division of Consol Energy Inc., has reached an agreement to acquire the stake of joint venture partner Noble Energy in a pipeline and natural gas gathering master limited partnership, according to the Pittsburgh Business Times. The newspaper says CNX will acquire Noble's 50% interest in Cone Gathering LLC, which owns the general partnership interest in Cone Midstream Partners LP, for $305 million. Cone Midstream has more than 250 miles of pipelines in Pennsylvania and West Virginia. For more, read the full story.

Pennsylvania, West Virginia