CNXM: Sponsored by an Experienced Leading Exploration & Production Company
CNX Midstream Partners is a master limited partnership sponsored by CNX Resources Corporation (NYSE:CNX) to service the rapidly growing production in the Marcellus and Utica Shale plays in Pennsylvania and West Virginia.
Our Sponsor is a large, independent oil and natural gas exploration and production company with a substantial resource base and a history of growing production in its areas of operation. Our Sponsor holds one of the largest aggregate acreage positions in each of the Marcellus Shale and Utica Shale. The Marcellus Shale is widely viewed as a premier North American shale play due to its significant hydrocarbon resources in place, consistent and predictable geology, high well recoveries relative to drilling and completion costs and proximity to high-demand metropolitan markets in the northeastern United States.
CNX Resources Corporation is one of the largest independent natural gas exploration, development and production companies, with operations centered in the major shale formations of the Appalachian basin. The company deploys an organic growth strategy focused on responsibly developing its resource base. As of December 31, 2020, CNX had 9.55 trillion cubic feet equivalent of proved natural gas reserves. The company is a member of the Standard & Poor's Midcap 400 Index.
- Founded more than 150 years ago
- Headquartered in Canonsburg, PA
- Approximately 450 employees
- More than 9.55 Tcfe of proven reserves at year-end 2020
- One of the largest producers in the Appalachian basin
- 511.1 net Bcfe of gas equivalents produced in 2020
- Over 1 million of net acres of opportunity in Marcellus and Utica plays
- Marcellus and Utica are CNX’s core gas plays
- Leading producer of coalbed methane in the Appalachian Basin
- Owns and operates more than 2,600 miles of pipelines
