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 . Consol Energy said in December it planned to separate itself from the coal business, but the makeover for the Pennsylvania company began earlier this decade amid a boom in domestic natural-gas exploration. 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 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 .