M&A Deal Summary

CNX Acquires CNX Midstream Partners

On July 27, 2020, CNX acquired energy services and equipment company CNX Midstream Partners

Acquisition Highlights
  • This is CNX’s 1st transaction in the Energy Services and Equipment sector.
  • This is CNX’s 1st transaction in the United States.
  • This is CNX’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2020-07-27
Target CNX Midstream Partners
Sector Energy Services and Equipment
Buyer(s) CNX
Deal Type Merger

Target

CNX Midstream Partners

Canonsburg, Pennsylvania, United States
CNX Midstream Partners LP is a master limited partnership that owns, operates, develops and acquires gathering and other midstream energy assets to service natural gas production in the Appalachian Basin in Pennsylvania and West Virginia. CNXM's assets include natural gas gathering pipelines and compression and dehydration facilities, as well as condensate gathering, collection, separation and stabilization facilities.

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Buyer(S) 1

Buyer

CNX

Canonsburg, Pennsylvania, United States
Category Company
Founded 1860
Sector Oil/Gas Exploration
Employees470
Revenue 1.5B USD (2023)
DESCRIPTION

CNX is an independent oil and gas exploration and production company with operations centered in the Appalachian Basin. Embodying a renowned spirit of innovation, we're pioneering a new tomorrow through technological advancements in shale gas exploration and production in the most prolific natural gas basin in the world. Like few other companies can, we're drawing on our proud past while embracing fresh thinking and leveraging the ingenuity of our people to, once again, forge a new energy future for the Pittsburgh region and beyond. CNX was incorporated in 1860 and is based in Canonsburg, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Merger) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-29 Consol Energy

Canonsburg, Pennsylvania, United States

Consol Energy is an integrated energy company. The Company operates through two divisions: oil and gas exploration and production (E&P), and coal mining. CONSOL Energy was founded in 1864 and is based in Canonsburg, Pennsylvania.

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