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CNX vs GEL

CNX Resources Corporation and Genesis Energy, L.P.

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CNX Resources Corporation

CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers. The company owns rights to extract natural gas from shale properties in Pennsylvania, West Virginia, and Ohio, as well as rights to extract natural gas from other shale and shallow oil and gas formations in Illinois, Indiana, New York, and Virginia. It also owns rights to extract CBM in Virginia, West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico. In addition, the company designs, builds, and operates natural gas gathering systems to move gas from the wellhead to interstate pipelines or other local sales points; owns and operates approximately 2,700 miles of natural gas gathering pipelines, as well as various natural gas processing facilities. It also offers turn-key solutions for water sourcing, delivery, and disposal for its natural gas operations and for third parties. The company was formerly known as CONSOL Energy Inc. and changed its name to CNX Resources Corporation in November 2017. CNX Resources Corporation was founded in 1860 and is headquartered in Canonsburg, Pennsylvania.

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Genesis Energy, L.P.

Genesis Energy, L.P. engages in the midstream segment of the crude oil and natural gas industry in the United States. It operates through Offshore Pipeline Transportation; Soda and Sulfur Services; Marine Transportation; and Onshore Facilities and Transportation segments. The Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations, as well as deep water pipeline servicing. This segment also owns interests in offshore crude oil and natural gas pipeline systems, platforms, and related infrastructure. Its Soda and Sulfur Services segment engages in the provision of sulfur removal services; operation of storage and transportation assets; and sale and delivery of sodium hydrosulfide (NaHS) and caustic soda (NaOH), as well as operation of NaHS and caustic soda terminals. The Marine Transportation segment includes inland marine fleet, which transports intermediate refined petroleum products, such as asphalt; offshore marine fleet, which transports crude oil and refined petroleum products; and M/T American Phoenix, a double-hulled tanker. Its Onshore Facilities and Transportation segment engages in the provision of onshore facilities and transportation services to crude oil refiners and producers by purchasing, transporting, storing, blending, and marketing crude oil and refined products; and operation of trucks, trailers, railcars, terminals, and tankage in various locations along the Gulf Coast. This segment also owns onshore common carrier crude oil pipeline systems and operational crude oil rail unloading facilities. Genesis Energy, L.P. was incorporated in 1996 and is headquartered in Houston, Texas.

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