Consol Energy said its board has approved its plan to sell off its coal business , Consol Mining . The energy company will instead focus on natural - gas exploration and production , which have made up a higher proportion of its revenues since a boom in US natural - gas exploration in 2015 . The Mining shares will be distributed to Consol Energy shareholders on a pro rata basis once the company has listed on the New York Stock Exchange .
Consol Energy said its board has approved its plan to spin off its coal business, Consol Mining. The energy company will instead focus on natural-gas exploration and production, which have made up a higher proportion of its profits since a boom in US natural-gas exploration in 2015. Consol Mining shares will be distributed to Consol Energy shareholders on a pro rata basis once the company has listed on the New York Stock Exchange.